Document:

EX-10.2

 Exhibit 10.2 

SEPARATION AND RELEASE AGREEMENT BETWEEN 

GULFPORT ENERGY CORPORATION AND KERI CROWELL 

THIS SEPARATION AND RELEASE AGREEMENT (this “Agreement”) is made and entered into by and between Gulfport
Energy Corporation, a Delaware corporation (the “Company”), and Keri Crowell (“Executive”). 

RECITALS 
 WHEREAS, the
parties to this Agreement recognize that Company has employed Executive as its Chief Financial Officer; that Executive has agreed to enter into this Agreement in exchange for the consideration detailed herein; that the Company has agreed to enter
into this Agreement in exchange for certain releases and other considerations as detailed herein; and that without any admission as to fault, liability, or wrongdoing or as to the validity of the other party’s positions, the parties to this
Agreement desire to forever resolve and compromise any and all Claims, as defined herein, that Executive has, or may have, against the Company and other Releasees, as defined herein; and 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and intending to be legally bound hereby, the parties hereto
agree as follows: 
  

	 	1.	 SEPARATION FROM EMPLOYMENT 

1.1    Separation. The parties acknowledge and agree that Executive’s employment with the Company will
end effective August 9, 2019 (the “Separation Date”). As of the Separation Date, Executive has relinquished her duties and resigns from any and all offices, titles, or directorships held by Executive with the Company and
any subsidiary or affiliate of the Company,. In addition, as of the Separation Date, Executive shall not be, and shall not hold herself out as, an employee, agent, or representative of the Company or any of the Releasees (as defined below). 

With the exception of Executive’s vested benefits, interests or rights, if any, in the Company’s 401(k) plan, the Gulfport Energy
Corporation 2013 Restated Stock Incentive Plan, or other employee benefit plans in which Executive is a participant, if any, Executive acknowledges that, Executive has been paid all wages, compensation, benefits (including all earned and unused
vacation days or paid time-off), less applicable tax withholding, and business expenses relating to Executive’s employment with the Company through Executive’s Separation Date. 

1.2    Benefit Plans. The benefits received by Executive and Executive’s eligible dependents under the
Company’s group health plan will cease as of the last day of the month during which the Separation Date occurs. Thereafter, pursuant to governing law and independent of this Agreement, Executive will be entitled to elect benefit continuation
coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), if Executive timely applies for such coverage. Information regarding Executive’s eligibility for COBRA coverage, and the
terms and conditions of such coverage, will be provided to Executive in a separate mailing. 

 1.3    Consideration for Releases. 

1.3.1    In connection with Executive’s separation and in exchange for the consideration provided by Executive under
this Agreement, the Company shall pay Executive an initial separation payment in the amount of two hundred sixty-two thousand five hundred dollars ($262,500.00), less applicable deductions and withholdings
(the “Initial Separation Payment”). The Initial Separation Payment will be made in a single lump-sum payment, by direct deposit in accordance with existing bank instructions on file
with the Company, within fourteen (14) days of the Effective Date of this Agreement, as defined herein. Additionally, Executive and the Company acknowledge that Executive’s regularly scheduled August 2019 stock vesting under the Gulfport
Energy Corporation 2013 Restated Stock Incentive Plan shall be provided to Executive as part of this Agreement. All entitlements under that Plan shall cease after August of 2019. 

1.3.2    In exchange for Executive executing and complying with both this Agreement and the release attached hereto as
Exhibit 1 (the “ADEA Release”), and for not timely revoking the ADEA Release in accordance with its terms, the Company shall pay Executive a second separation payment in the amount of one hundred thousand dollars
($100,000.00), less applicable deductions and withholdings (the “Supplemental Separation Payment”). Executive shall receive the Supplemental Separation Payment by direct deposit in accordance with existing bank instructions
on file with the Company after the ADEA Release Effective Date, as defined in the ADEA Release. The Supplemental Separation Payment shall be made in a single lump sum payment within thirty (30) days after the ADEA Release Effective Date but not
later than September 7, 2019. 
 1.3.3    Also in exchange for Executive executing and complying with both this
Agreement and the ADEA Release, if Executive properly elects COBRA continuation benefits, as set forth in Paragraph 1.2 above, the Company will reimburse the Employee portion of Executive’s COBRA premiums for a maximum of twelve
(12) months; provided, however, that the Company’s reimbursement of continuation coverage may cease at any time Executive becomes eligible for group medical coverage from another employer. Executive acknowledges and agrees that Executive
is solely responsible for all federal, state, and/or tax liability, if any, arising from any such COBRA reimbursement described in this Paragraph and that neither the Company nor any of its representatives have provided advice regarding the tax
consequences of any consideration set forth in this Paragraph. 
 1.3.4    The Company agrees to retain Executive as a
consultant from the Separation Date through a date that is twelve (12) months after the Separation Date, provided that Executive does not engage in any Detrimental Activity (as defined below). The period of time during which Executive is
actually retained as a consultant shall be the “Consulting Period”. If the Company determines that Executive has engaged in Detrimental Activity, then all consulting payments shall cease. 

1.4    Satisfaction of Liabilities. Executive acknowledges and agrees that the consideration provided in
Section 1.3 above: (a) is in full discharge of any and all liabilities and obligations the Company or its subsidiaries have to Executive, monetarily or otherwise, with respect to Executive’s employment including, but not
limited to, any obligations set forth in Executive’s Employment Agreement, dated April 28, 2017 (the “Employment Agreement”), and (b) exceeds any payment, benefit, or other thing of value to which
Executive might otherwise be 

  
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entitled. Executive specifically acknowledges and agrees that the Company has paid to Executive all of the wages, commissions, overtime, premiums, vacation, sick pay, holiday pay, equity, phantom
equity, carried interest, bonuses, deferred compensation, and other forms of compensation, benefits, and perquisites to which Executive was or may have been entitled, and that the Company and its subsidiaries do not owe Executive any other
wages, commissions, overtime, premiums, vacation, sick pay, holiday pay, equity, phantom equity, carried interest, bonuses, deferred compensation, or other forms of compensation, benefits, perquisites, or payments of any kind or
nature, other than as explicitly provided in this Agreement. For the avoidance of doubt, Executive’s eligibility and entitlement to any 401(k) matching contributions the Company provides to eligible participants attributable to Executive’s
compensation earned through the Separation Date during the 2019 plan year will be determined pursuant to the terms of the Company’s 401(k) plan. 

1.5    Return of the Company Property. Executive represents and warrants that, in compliance with
Section 4 of the Employment Agreement, she has returned to the Company all property, proprietary materials, Confidential Information (as defined in the Employment Agreement), documents and computer media in any form (and all copies thereof)
relating or belonging to any Releasee (as defined below) or any Releasee’s clients, customers, counterparties, suppliers, vendors, or investors (or potential clients, customers, counterparties, suppliers, vendors, or investors), including but
not limited to all manuals; photographs; reports; spreadsheets; analyses; data; memoranda; correspondence; engineering studies, property surveys, processes, plans, devices, products, computer programs and other tangible and intangible property
relating to the business of the Company; pricing information; supplier lists; vendor lists; plans; costs; software; equipment (including, but not limited to, computers and computer-related items, including all computer software, smartphones, and
other devices); computer system and software passwords, access codes, and authorization codes; identification keys; the Company credit cards; and all other materials or other things in Executive’s possession, custody, or control which are the
property of any of the Releasees, including but not limited to, any artwork or other thing of value that is the property of any of the Releasees. Releases of All Claims. In exchange for the consideration provided to Executive
pursuant to this Agreement, Executive, on behalf of Executive and all of Executive’s heirs, executors, administrators, and assigns (collectively, “Releasors”), hereby releases and forever waives and discharges any and
all claims, liabilities, causes of action, demands, suits, rights, costs, expenses, or damages of any kind or nature (collectively, “Claims”) that Executive or any of the other Releasors ever had, now have, or might have
against the Company or any of its current, former, and future affiliates, subsidiaries, parents, and related companies (collectively with the Company, the “Company Group” and each a “Company Group
Member”), and each Company Group Member’s respective current, former, and future divisions, shareholders, general partners, limited partners, directors, members, trustees, officers, employees, agents, attorneys, consultants,
successors, and assigns (collectively, with the Company Group, the “Releasees” and each a “Releasee”), arising at any time prior to and including the Effective Date of this Agreement, whether such
Claims are known to Executive or unknown to Executive, whether such Claims are accrued or contingent, including but not limited to any and all: (a) Claims arising out of, or that might be considered to arise out of or to be connected in any way
with, Executive’s employment or other relationship with any of the Releasees, or the termination of such employment or other relationship; (b) Claims under any contract, agreement, or understanding that Executive may have with any of the
Releasees, whether written or oral, whether express or implied, at any time prior to the date Executive 

  
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executes this Agreement (including, but not limited to, under any offer letter executed by Executive and the Company, the Employment Agreement by and between the Company and Executive and any
prior employment agreements and any amendments or agreements relating thereto); (c) Claims arising under any federal, state, foreign, or local law, rule, ordinance, or public policy, including without limitation (i) Claims arising under
Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, 42 U.S.C. § 1981, the Civil Rights Act of 1991, the Americans with Disabilities Act, the Family and Medical Leave Act, the Employee Retirement Income Security Act of
1974, the Vietnam Era Veterans Readjustment Act of 1974, the Immigration Reform and Control Act of 1986, the Equal Pay Act, the Labor Management Relations Act, the National Labor Relations Act, the Consolidated Omnibus Budget Reconciliation Act of
1985, the Occupational Safety and Health Act, the Genetic Information Nondiscrimination Act of 2008, the Rehabilitation Act of 1973, the Uniformed Services Employment and Reemployment Rights Act, the Worker Adjustment and Retraining Notification
Act, the Sarbanes-Oxley Act of 2002, the Dodd-Frank Act, the Internal Revenue Code of 1986, or any other federal, state or local law relating to employment or discrimination in employment, including the Oklahoma Anti-Discrimination Act, and which
will include, without limitation, any individual or class claims of discrimination on the basis of age, disability, sex, race, religion, national origin, citizenship status, marital status, sexual preference, or any other basis whatsoever, as all
such laws have been amended from time to time, or any other federal, state, foreign, or local labor law, wage and hour law, worker safety law, employee relations or fair employment practices law, or public policy; (ii) Claims arising in tort,
including but not limited to Claims for misrepresentation, defamation, libel, slander, invasion of privacy, conversion, replevin, false light, tortious interference with contract or economic advantage, negligence, fraud, fraudulent inducement,
quantum meruit, promissory estoppel, prima facie tort, restitution, or the like; and (iii) Claims for compensation, wages, commissions, bonuses, royalties, stock options, restricted stock units, restricted stock, stock appreciation rights,
deferred compensation, equity, phantom equity, carried interest, other monetary or equitable relief, vacation, personal or sick time, other fringe benefits, attorneys’ or experts’ fees or costs, forum fees or costs, or any tangible or
intangible property of Executive’s that remains with any of the Releasees; and (d) Claims arising under any other applicable law, regulation, rule, policy, practice, promise, understanding, or legal or equitable theory whatsoever. Further,
to the extent permitted by law, Executive agrees not to be a member of any class or collective action, or a party to any multi-party action or proceeding, in which any claims are asserted against any of the Releasees based on any acts, omissions or
other conduct occurring up to and including the date Executive signs this Agreement, and Executive waives any right or ability to be a class or collective action representative or join in any such class, collective or multi-party action or
proceeding. 
 The foregoing release does not include (A) any claims under the Age Discrimination in Employment Act of 1967
(“ADEA”), 29 U.S.C. §621 et seq.; (B) any claims that arise after the Effective Date of this Agreement; (C) any claims for breach of the Employment Agreement and/or this Agreement or to enforce the terms of
this Agreement, should that ever be necessary; (D) any claims that cannot be waived or released as a matter of law; (E) any claims for benefits under any Company employee benefit plan, including the 401(k) plan; or (F) claims for
defense costs, indemnification, contribution, or advancement under the Indemnification Agreement dated November 3, 2014, the Bylaws of the Company, the General Corporation Law of the State of Delaware, and any applicable policies of insurance.
Executive specifically intends the release of Claims in Section 1.6 to the broadest possible release permitted 

  
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by law and will also extend to release the Releasees, without limitation, from any and all Claims that Executive has alleged or could have alleged, whether known or unknown, accrued or unaccrued,
against any Releasee for violation(s) of any of the Claims or causes of action described in this Agreement; any other federal, state, or local law or ordinance; any public policy, whistleblower, contract, tort, or common law Claim or action; and any
demand for costs or litigation expenses, except as otherwise provided in the Employment Agreement, including but not limited to attorneys’ fees. 

1.6    No Claims Filed. Executive represents and warrants that Executive has never commenced or
filed, or caused to be commenced or filed, any lawsuit or arbitration against any of the Releasees. Except as otherwise provided in this Agreement, Executive further agrees not to commence, file, or in any way pursue, or cause or assist any person
or entity to commence, file, or pursue, any lawsuit or arbitration against any of the Releasees in the future. For avoidance of doubt, nothing in this Agreement, any other agreement between Executive and the Company, or any Company policy shall
prevent Executive from reporting suspected legal violations or filing a charge with the Equal Employment Opportunity Commission (the “EEOC”) or any other government agency or participating in any EEOC or other agency
investigation; provided that Executive may not receive any relief (including, but not limited to, reinstatement, back pay, front pay, damages, attorneys’ or experts’ fees, costs, and/or disbursements) as a consequence of any
charge filed with the EEOC and/or any litigation arising out of an EEOC charge. Nothing herein shall restrict Executive’s right to receive an award for information provided to the U.S. Securities and Exchange Commission pursuant to
Section 2F of the Securities Exchange Act of 1934. 
 1.7    Indemnification. Executive agrees to
indemnify and hold harmless each and all of the Releasees from and against any and all direct and indirect losses, costs, damages, and/or expenses, including, but not limited to, attorneys’ and experts’ fees, costs, and disbursements
incurred by the Releasees, or any of them, arising out of any breach by Executive of this Agreement, or out of the fact that any representation or warranty made by Executive in this Agreement was false when made. Each of the Releasees is expressly
intended to be a third party beneficiary of this Agreement and shall have authority to enforce this Agreement in accordance with its terms. 

1.8    No Admission. This Agreement shall not in any way be construed as an admission by any party of
any liability, or of any wrongful acts whatsoever against any other person or entity. 
 1.9    Breach of
Agreement. Should Executive materially breach this Agreement, then: (a) the Company shall have no further obligations to Executive under this Agreement or otherwise; (b) the Company shall have all rights and remedies
available to it under this Agreement and any applicable law or equitable theory; and (c) all of Executive’s promises, covenants, representations, and warranties under this Agreement will remain in full force and effect. 

  
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	 	2.	 COVENANTS 

2.1    Surviving Provisions. This Agreement replaces and supersedes all previous agreements between
Executive and the Company, except that this Agreement does not replace, modify, or extinguish (A) Executive’s continuing obligations under Section 4 of the Employment Agreement, including with respect to trade secrets,
confidentiality, unfair competition, and patents and inventions; and (B) Sections 9 and 10 of the Employment Agreement, including with respect to non-solicitation. (collectively, the “Surviving
Provisions”). 
 Executive is on notice that the Defend Trade Secrets Act of 2016 provides immunity from liability for
confidential disclosure of a trade secret to the government or in a court filing provided the disclosure: (A) is made (i) in confidence to a Federal, State, or local governmental official, either directly or indirectly, or to an attorney
and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

2.2    Cooperation; Third-Party Process. Executive agrees to provide reasonable assistance to and
cooperation with the Company following the Separation Date in connection with any Company matters for which Executive had knowledge or responsibility while employed by the Company. If the Company is involved in any legal action or investigation,
including but not limited to any internal investigation, after Executive’s Separation Date relating to events which occurred during Executive’s employment, Executive agrees to cooperate with the Company to the fullest extent possible,
including cooperating in the preparation, prosecution, or defense of the Company’s case, including, but not limited to, the execution of affidavits or documents or providing information requested by the Company. Executive agrees that, in the
event she is served with a subpoena, document request, interrogatory, or any other legal process that will or may require Executive to disclose any confidential information following the Separation Date, Executive will immediately notify the
Company’s corporate counsel of such fact, in writing, and provide a copy of such subpoena, document request, interrogatory, or other legal process, and shall thereafter cooperate with the Company in any lawful response to such subpoena,
document request, interrogatory, or legal process as the Company may request without any further compensation to Executive. The provisions of this Section will survive, following the expiration, suspension or termination, for any reason, of
this Agreement. 
 2.3    Non-Disparagement. 

2.3.1    Executive agrees not to make, or cause any other person or entity to make, any disparaging statement, written or
oral, to any person or entity (including individuals and private and public entities) regarding the Company or the Releasees. In addition, following the Separation Date, Executive will not, whether in private or in public, directly or indirectly:
(a) make, publish, encourage, ratify, or authorize, or aid, assist, or direct any other person or entity in making or publishing, any statements that in any way defame, criticize, malign, impugn, reflect negatively on, or disparage any Company
Group Member, or any of the other Releasees, or place any Company Group Member or any other Releasee in a negative light, in any manner whatsoever; (b) comment upon or discuss any of the Releasees (whether disparagingly or otherwise) on any
Media (as defined below); (c) make any statement, posting, or other communication (including on or through any Media) that purports to be on behalf of any 

  
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Company Group Member, or which a third party may perceive (i) has been authorized, approved, or endorsed by a Company Group Member or (ii) reflects the views of any Company Group
Member; (d) share, post, transmit, or upload any material related to any of the Releasees (regardless of whether such comments, statements, or material are disparaging) with, to, through, or on any Media; (e) utilize any Company Group
Member’s logo, graphics, trade names, or trademarks on any Media or for any other purpose; (f) provide any Company Group Member’s promotional material to any Media outlet; or (g) aid, assist, or direct any other person or entity
to do any of the foregoing. “Media” shall include any and all media sources, outlets, and forums, including but not limited to any reporters, bloggers, weblogs, websites (including but not limited to Facebook, MySpace,
Twitter, Linkedln, Instagram, Google+, Foursquare, PeekYou, MyLife, Glassdoor, and the like), chat rooms, newspapers, magazines, periodicals, journals, television stations or productions, radio stations, news organizations, news outlets,
“apps,” or publications, or any movie, book, or theatrical production, or any statement in any public forum (i.e., lectures, to the media, in published articles, to analysts, or in comparable public forums), whether defamatory or not, to
any person or entity regarding the Company’s management, legal or regulatory compliance, financial, personnel, marketing, bidding, investment, purchasing or customer service practices or procedures, or regarding whether the Company or any
officer, director or shareholder thereof is acting or has acted in compliance with any federal, state or local law, regulation or ordinance. Executive may, however, disclose to any party, including without limitation potential employers, the fact
that she was an employee of the Company and the dates of her tenure and a general description of the duties and responsibilities. For avoidance of doubt, nothing in this Section 2.3.1.1 shall be construed in a manner that would violate any law.
The provisions of this Section 2.3.1.1 will survive following the expiration, suspension or termination, for any reason, of this Agreement. 

2.3.2    Executive agrees to direct all requests for information regarding her employment with the Company to the
Company’s Director of Human Resources Upon receipt of a request, the Company will provide neutral information that is limited to the fact that she was an employee of the Company, and the dates of her tenure. For avoidance of doubt, nothing in
this Section 2.3.1.2 shall be construed in a manner that would violate any law. The provisions of this Section 2.3.1.2 will survive following the expiration, suspension or termination, for any reason, of this Agreement. 

2.4    Remedies. Executive agrees that any breach of the terms of this Section 2 would result in
irreparable injury and damage for which there would be no adequate remedy at law. Executive therefore also agrees that in the event of said breach or any threat of breach, the Company will be entitled to an immediate injunction and restraining order
to prevent such breach and/or threatened breach and/or continued breach by Executive and/or any and all persons and/or entities acting for and/or on behalf of him, without having to prove damages, in addition to any other remedies to which the
Company may be entitled at law or in equity, as well as an award of the Company’s reasonable attorneys’ fees and disbursements, including expert witness fees, as a prevailing party, subject to the proviso set forth in the next sentence.
The terms of this Section 24 will not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including but not limited to the recovery of damages. Executive further agrees that the provisions
of the covenants are reasonable and reasonably calculated to protect from disclosure the trade secrets and proprietary information of the Company. Should a court or arbitrator determine, however, that any provision of the covenants

  
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is unreasonable or unenforceable, either in period of time, scope, or otherwise, the parties hereto agree that the covenant should be interpreted and enforced to the maximum extent which such
court or arbitrator deems reasonable. 
 2.5    Survival. The provisions of this Section 2
will survive any expiration, suspension or termination, for any reason, of this Agreement, and the existence of any claim or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, will not constitute
a defense to the enforcement by the Company of the covenants and agreements of this Section 2. 
  

	 	3.	 MISCELLANEOUS 

3.1    Dispute Resolution. Any dispute arising between Executive, on the one hand, and any of the Releasees,
on the other hand, including both Claims brought by Executive and any Claims brought against Executive, whether arising under this Agreement, under any statute, regulation, or ordinance, or otherwise, shall be submitted to binding arbitration before
the American Arbitration Association (“AAA”) for resolution. Such arbitration shall be conducted in Oklahoma City, Oklahoma, and the arbitrator will apply Oklahoma law, including federal law as applied in Oklahoma courts. The
arbitration shall be conducted in accordance with the AAA’s Employment Arbitration Rules as modified herein. The arbitration shall be conducted by a single arbitrator with substantial experience in the oil and gas production and exploration
industry. The award of the arbitrator shall be final and binding on the parties, and judgment on the award may be confirmed and entered in any state or federal court in Oklahoma City, Oklahoma. The arbitration shall be conducted on a strictly
confidential basis, and Executive shall not disclose the existence of any claim or defense, the nature of any claim or defense, any documents, exhibits, or information exchanged or presented in connection with any claim or defense, or the result of
any action (collectively, “Arbitration Materials”), to any third party, with the sole exception of Executive’s legal counsel, who Executive shall ensure complies with all of the confidentiality terms of this Agreement.
In the event of any court proceeding to challenge or enforce an arbitrator’s award, the parties hereby consent to the exclusive jurisdiction of the state and federal courts in Oklahoma City, Oklahoma and agree to venue in that jurisdiction. The
parties agree to take all steps necessary to protect the confidentiality of the Arbitration Materials in connection with any such proceeding, agree to file all confidential information (and documents containing confidential information) under seal,
and agree to the entry of an appropriate protective order encompassing the confidentiality terms of this Agreement. 

3.2    Controlling Law. This Agreement is to be governed and controlled by the laws of the State of
Oklahoma, without regard to its rules of conflicts of law, except to the extent preempted by federal law. Venue for any judicial, administrative, arbitration, mediation or other alternative dispute resolution proceeding will be Oklahoma City,
Oklahoma. 
 3.3    Succession and Assignment. This Agreement will inure to the benefit of and will be
binding upon the Company, its successors and assigns. The obligations and duties of Executive herein will be personal and not assignable. 

  
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 3.4    Notices. Any notice to be given under this
Agreement must be in writing and will be deemed to have been given when delivered personally to the other party, or when mailed by Certified Mail, Return Receipt Requested, or telecopy, or by electronic mail, to the party to whom the notice is to be
given. All notices will be deemed to have been given two (2) business days after they have been deposited as certified mail, return receipt requested, postage paid and properly addressed to the designated address of the party to receive the
notices at the following addresses: 
 If to the Company: 

Patrick Craine 
 Gulfport Energy
Corporation 
 3001 Quail Springs Parkway 

Oklahoma City, OK 73134 

pcraine@gulfportenergy.com 
 If
to Executive: 
 Keri Crowell 

[Redacted] 

3.5    Consulting Agreement. 

a.    Consulting Services. During the Consulting Period, Executive shall make herself available to provide
consulting services (the “Services”) within her areas of expertise as requested by the Company. The Company’s designated Chief Financial Officer and General Counsel shall be Executive’s sole contact for such Consulting Services
unless otherwise mutually agreed between the Company and Executive. Specifically, the Services shall include advice and assistance relating to the Company’s and its affiliates’ business operations, including but not limited to the
Company’s Finance, Accounting, and Treasury Departments. Consultant’s primary goal will be to continue to advise Company in these areas using her expertise in the field as well as her knowledge of past and ongoing Company programs.
Executive shall exercise the highest degree of professionalism and utilize her expertise and creative talents in performing the Services. During the Consulting Period, Executive shall be free to pursue other employment or consulting engagements with
third parties in accordance with any non-competition agreements she has signed with the Company. 

b.     Consulting Fees. During the Consulting Period, the Company will pay Executive consulting fees of $30,200.00
per month. 
 c.     Protection of Information. Executive agrees that, during the Consulting Period and
thereafter, she will not, except for the purposes of performing the Services, use or disclose any confidential or proprietary information or materials of the Company or any of the Company Group that Executive obtains or develops in the course of
performing the Services or that Executive obtained during her employment with the Company. Any and all work product Executive creates in the course of performing the Services will be the sole and exclusive

  
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property of the Company. Executive hereby assigns to the Company all right, title, and interest in all inventions, techniques, processes, materials, and other intellectual property and work
product developed in the course of performing the Services. 
 d.    Authority During Consulting Period. After
the Separation Date, Executive will have no authority to bind the Company or any of the Company Group to any contractual obligations, whether written, oral or implied, and Executive shall not represent or purport to represent the Company or any of
the Company Group in any manner whatsoever to any third party unless authorized to do so in writing by the Company. 

e.    Independent Contractor Status. Executive acknowledges and agrees that during the Consulting Period, she will
be an independent contractor of the Company and not an employee, and she will not be entitled to any of the benefits that the Company may make available to its employees, such as group insurance, workers’ compensation insurance coverage, profit
sharing or retirement benefits, other than Executive’s rights to continued group health insurance coverage under COBRA or as otherwise provided by law. Because Executive will perform the Services as an independent contractor, the Company will
not withhold from the Consulting Fees any amount for taxes, social security or other payroll deductions, and the Consulting Fees shall be reported on an Internal Revenue Service Form 1099. Executive acknowledges and agrees to accept exclusive
liability for complying with all applicable local, state and federal laws governing self-employed individuals, including obligations such as payment of taxes, Social Security, disability and other contributions related to the Consulting Fees. In the
event that any federal, state or local taxing authority determines that Executive is an employee rather than an independent contractor during the Consulting Period, Executive agrees to indemnify the Company for and against any taxes, withholdings,
interest and penalties (with the exception of employer’s share of Social Security, if any), arising from the Company’s payment of the Consulting Fees. 

f.     Detrimental Activity. For purposes of this Agreement, the term “Detrimental Activity” shall
include the following activities: (i) Conviction of any felony or any crime involving moral turpitude or dishonesty; (ii) participation in a fraud or act of dishonesty against the Company or any of the Company Group; (iii) conduct
that, based upon a good faith determination by the Company, demonstrates unfitness to serve; (iv) any violation of this or any other agreement with the Company, or any statutory duty to the Company, including, but not limited to any breach of
the Confidentiality provisions of this Agreement by Executive or any of her family members, heirs, executors, administrators, successors, or assigns; (v) any disparagement of the Company or any of the Company Group by Executive or any of her
family members, heirs, executors, administrators, successors, or assigns; (vi) any communication about the Company, any of the Company Group, Executive’s prior employment with the Company, Executive’s termination from the Company, or
any other Company business by Executive or any of her family members, heirs, executors, administrators, successors or assigns, with the media, press, or any other individual, without the express written consent of the Company; or, (vii) any
violation by Executive of any non-competition agreements she has signed with the Company. 

  
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 3.6    Publicity. Any publicity, advertisement or press
release regarding the Company will be under the sole discretion and control of the Company, and no contact or discussions by Executive regarding the Agreement with the public press or media representatives may be had without the prior written
consent of the Company. 
 3.7    Extent of Agreement. This Agreement (including its Exhibit 1) sets
forth the entire agreement between the parties hereto, fully supersedes any and all prior agreements or understandings between the parties, except for the Surviving Provisions and as otherwise expressly provided herein, and can be modified only in a
written agreement signed by Executive, on the one hand, and the Company’s authorized representative, on the other hand. Executive specifically acknowledges and agrees that notwithstanding any discussions or negotiations Executive may have had
with any of the Releasees prior to the execution of this Agreement, Executive is not relying on any promises or assurances other than those explicitly contained in this Agreement. This Agreement shall be deemed to have been made in Oklahoma City,
Oklahoma, and shall be interpreted, construed, and enforced pursuant to the laws of the State of Oklahoma, without giving effect to Oklahoma’s conflict or choice of law principles. 

3.8    Waiver. The waiver of the breach of any term or of any condition of this Agreement will not be deemed
to constitute the waiver of any other breach of the same or any other term or condition. 

3.9    Severability. If any provision of this Agreement is held invalid or unenforceable, the remainder of
this Agreement will nevertheless remain in full force and effect, and if any provision is held invalid or unenforceable with respect to particular circumstances, it will nevertheless remain in full force and effect in all other circumstances. This
Agreement shall be interpreted strictly in accordance with its terms, to the maximum extent permissible under governing law, and shall not be construed against or in favor of any party, regardless of which party drafted this Agreement or any
provision hereof. If any provision of this Agreement is determined to be unenforceable as a matter of governing law, an arbitrator or reviewing court of appropriate jurisdiction shall have the authority to “blue pencil” or otherwise modify
such provision so as to render it enforceable while maintaining the parties’ original intent to the maximum extent possible. Each provision of this Agreement is severable from the other provisions hereof, and if one or more provisions hereof
are declared invalid, the remaining provisions shall nevertheless remain in full force and effect. For purposes of this Agreement, the connectives “and,” “or,” and “and/or” shall be construed either disjunctively or
conjunctively as necessary to bring within the scope of a sentence or clause all subject matter that might otherwise be construed to be outside of its scope. 

3.10    Counterparts. This Agreement may be executed in two or more counterparts, each of which will be
deemed to be an original but all of which together will constitute one and the same instrument. Signatures delivered by facsimile, “pdf,” or in another true and accurate photostatic form shall be deemed effective for all purposes. 

3.11    Advice of Counsel. Executive acknowledges that she has been advised to seek independent legal
counsel for advice regarding the effect of the terms and provisions hereof, and has obtained such advice of independent legal counsel. 

  
 11 

 3.12    Certain Tax Matters. 

3.12.1    Deferred Compensation Exceptions. Payments under this Agreement will be administered and
interpreted to maximize the short-term deferral exception to and under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder (collectively,
“Section 409A”) and the exception from Section 409A provided under Treas. Reg. §1.409A-l(b)(9)(iii) for involuntary separation pay. Designated
payment dates provided for in this Agreement are deemed to incorporate the grace periods provided by Treas. Reg. Section 1.409A-3(d), and the Executive will not be permitted, directly or indirectly, to
designate the taxable year of any payment. The portion of any payment under this Agreement that is paid within the short-term deferral period (within the meaning of Code Section 409A and Treas. Regs.
§1.409A-1(b)(4)) or that is eligible for the involuntary separation pay exception will not be treated as nonqualified deferred compensation and will not be aggregated with other nonqualified deferred
compensation plans or payments. 
 3.12.2    Separate Payments and Payment Timing. Any payment or
installment made under this Agreement and any amount that is paid as a short-term deferral, within the meaning of Treas. Regs. §1.409A-1(b)(4), will be treated as separate payments. Executive will not,
directly or indirectly, designate the taxable year of a payment made under this Agreement. Payment dates provided for in this Agreement will be deemed to incorporate grace periods that are treated as made upon a designated payment date within the
meaning of Code Section 409A and Treas. Regs. §1.409A-3(d). 

3.12.3    General 409A Provisions. If for any reason, the short-term deferral exception or the involuntary
separation pay exception is inapplicable, payments and benefits payable to Executive under this Agreement are intended to comply with the requirements of Section 409A. To the extent the payments and benefits under this Agreement are subject to
Section 409A, this Agreement will be interpreted, construed and administered in a manner that satisfies the requirements of Sections 409A(a)(2), (3) and (4) of the Code and the Treasury Regulations thereunder (and any applicable
transition relief under Section 409A). The Company does not guaranty or warrant the tax consequences of this Agreement and, except as specifically provided to the contrary in this Agreement, Executive will, in all cases, be liable for any taxes
due as a result of this Agreement. Neither the Company nor any of its subsidiaries will have any obligation to indemnify or otherwise hold Executive harmless from any or all such taxes, interest or penalties, or liability for any damages related
thereto. Executive acknowledges that she has been advised to obtain independent legal, tax or other counsel in connection with Section 409A. 

(a)    If Executive or the Company determines that any payments or benefits payable under this Agreement intended to
comply with Sections 409A(a)(2), (3) and (4) of the Code do not comply with Section 409A, Executive and the Company agree to amend this Agreement, or take such other actions as Executive and the Company deem reasonably necessary or
appropriate, to comply with the requirements of Section 409A, the Treasury Regulations thereunder (and any applicable relief provisions) while preserving the economic agreement of the parties. If any provision of the Agreement would cause such
payments or benefits to fail to so comply, such provision will not be effective and will be null and void with respect to such payments or benefits, and such provision will otherwise remain in full force and effect. 

  
 12 

 (b)    All payments considered nonqualified deferred compensation under
Section 409A and the regulations thereunder will be made on the date(s) provided herein and no request to accelerate or defer any payment under this Section will be considered or approved for any reason whatsoever, except as permitted
under Section 409A. Notwithstanding the foregoing, amounts payable hereunder which are not nonqualified deferred compensation, or which may be accelerated pursuant to Section 409A, such as distributions for applicable tax payments, may be
accelerated, but not deferred, at the sole discretion of the Company. 
 (c)    All references in this Agreement to
termination of this Agreement or termination of services or termination mean Executive’s “separation from service” as that term is defined in Section 1.409A-1(h) of the Treasury
Regulations. 
 (d)    All reimbursements and in-kind benefits provided under
this agreement that constitute deferred compensation within the meaning of Section 409A will be made or provided in accordance with the requirements of Section 409A, including that (i) in no event will reimbursements by the Company
under this agreement be made later than the end of the calendar year next following the calendar year in which the applicable fees and expenses were incurred, provided that Executive submits an invoice for such fees and expenses at least 10 days
before the end of the calendar year next following the calendar year in which such fees and expenses were incurred; and (ii) Executive’s right to have the Company pay or provide such reimbursements and
in-kind benefits may not be liquidated or exchanged for any other benefit. 

3.12.4    Specified Executive Status. If Executive is a specified employee (within the meaning of Code
Section 409A) on the date of her separation from service, any payments made with respect to such separation from service under this Agreement, and other payments or benefits under this Agreement that are subject to Section 409A, will be
delayed in order to comply with Section 409A(a)(2)(B)(i) of the Code, and such payments or benefits will be paid or distributed to Executive during the five-day period commencing on the earlier of:
(i) the expiration of the six-month period measured from the date of Executive’s separation from service, or (ii) the date of Executive’s death. Upon the expiration of the applicable six-month period under Section 409A(a)(2)(B)(i) of the Code, all payments deferred pursuant to this Section 3.12.4 will be paid to Executive (or Executive’s estate, in the event of Executive’s
death) in a lump sum payment. Any remaining payments and benefits due under the Agreement will be paid as otherwise provided in the Agreement. 

3.12.5    Withholding Taxes. The Company may withhold from any amounts or benefits payable under this
Agreement (including, without limitation, any Exhibit hereto) any taxes that are required to be withheld pursuant to any applicable law or regulation. 

3.13    Effective Date. Executive acknowledges that she is entitled to consider the terms of this Agreement
for twenty-one (21) days before signing it. Executive further understands that this Agreement shall be null and void if she fails to execute this Agreement prior to expiration of the twenty-one (21) day period. To execute this Agreement, Executive must sign and date the Agreement below, and return a complete copy thereof to Patrick Craine, Gulfport Energy Corporation, 3001 Quail Springs
Parkway, Oklahoma City, OK 73134 This Agreement will become effective, binding, enforceable, and irrevocable on the date it is signed by both Executive and an officer of the Company (the “Effective Date”). For avoidance of
doubt, 

  
 13 

 
following the Effective Date, this Agreement will remain enforceable, binding, and irrevocable regardless of whether Executive executes the ADEA Release (and, if Executive does so, regardless of
whether Executive timely revokes the ADEA Release); provided that if Executive does not timely execute the ADEA Release (or if Executive timely revokes the ADEA Release after signing it), she will not receive the consideration set forth in
Section 1.3.2 or 1.3.3 of this Agreement. 
 BY SIGNING BELOW, EXECUTIVE EXPRESSLY ACKNOWLEDGES, REPRESENTS, AND WARRANTS THAT
EXECUTIVE HAS CAREFULLY READ THIS AGREEMENT; THAT EXECUTIVE IS FULLY COMPETENT TO MANAGE HER BUSINESS AFFAIRS; THAT EXECUTIVE FULLY UNDERSTANDS THE TERMS, CONDITIONS, AND SIGNIFICANCE OF THIS AGREEMENT AND ITS FINAL AND BINDING EFFECT; THAT
EXECUTIVE HAS HAD AMPLE TIME TO CONSIDER THIS AGREEMENT; THAT THE COMPANY HAS ADVISED EXECUTIVE TO CONSULT WITH AN ATTORNEY OF HER CHOOSING CONCERNING THIS AGREEMENT; THAT EXECUTIVE HAS EXECUTED THIS AGREEMENT VOLUNTARILY, KNOWINGLY, AND WITH AN
INTENT TO BE BOUND BY THIS AGREEMENT; AND THAT EXECUTIVE HAS FULL POWER AND AUTHORITY TO RELEASE EXECUTIVE’S CLAIMS AS SET FORTH HEREIN AND HAS NOT ASSIGNED ANY SUCH CLAIMS TO ANY OTHER INDIVIDUAL OR ENTITY. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 14 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
opposite their respective signatures. 
  

							
		 		 	THE COMPANY:
			
		 		 	Gulfport Energy Corporation
				
	Date 8/9/2019	 		 	By:	 	 /s/ Patrick Craine

		 		 		 	Patrick Craine, GC and Corporate Secretary
			
		 		 	EXECUTIVE:
				
	Date 8/9/2019	 		 		 	
		 		 	By:	 	 /s/ Keri Crowell

		 		 		 	Keri Crowell,
		 		 		 	in her individual capacity

  
 15 

 EXHIBIT 1 

ADEA RELEASE 
 In exchange
for the payments and other consideration provided to Keri Crowell (“Executive”) under the Separation and Release Agreement Between Gulfport Energy Corporation and Keri Crowell (the “Separation
Agreement”), to which this ADEA Release is an Exhibit, and as a precondition to Executive’s receipt of the payments and other consideration set forth in Section 1.3.2 and 1.3.3 thereof, Executive hereby agrees as follows. All
capitalized terms utilized but not defined herein shall have the same meanings ascribed to them in the Separation Agreement: 

1.    Executive hereby waives and releases any and all Claims that she or any of the other Releasors had, have, or might
have against any of the Releasees under the Age Discrimination in Employment Act of 1967 (“ADEA”) (29 U.S.C. §626, as amended) (a law that prohibits discrimination on the basis of age) and Older Workers Benefit
Protection Act, whether such Claims are known to Executive or unknown to Executive, whether they are vested or contingent, whether they are suspected or unsuspected, and whether they are concealed or hidden, through the ADEA Release Effective Date
(as defined below). Except as provided below, Executive agrees that neither she nor any of the other Releasors will initiate or cause to be initiated on her behalf any lawsuit or arbitration alleging that any of the Releasees violated the ADEA or
any other law governing age discrimination. 
 2.    For avoidance of doubt, the foregoing Release does not include any
claims that cannot be released or waived by law, nor does it prohibit Executive or any of the other Releasors from filing a charge or complaint with or participating in an investigation or proceeding conducted by any Government Agencies (including
but not limited to the Equal Employment Opportunity Commission); provided, however, that Executive and the other Releasors are releasing and waiving the right to seek or accept any compensatory damages, back pay, front pay, or reinstatement remedies
for Executive or the other Releasors personally with respect to any and all Claims released in this ADEA Release; and provided further that nothing herein shall restrict Executive’s right to receive an award for information provided to the U.S.
Securities and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934. 

3.    Executive acknowledges that by Executive executing this ADEA Release, Executive and the other Releasors are waiving
and releasing any and all legal rights and claims they may have under the ADEA and all other federal, state and local laws regarding age discrimination, whether those claims are currently known to Executive or hereafter discovered. However, nothing
in the foregoing is intended to limit or restrict Executive’s right to challenge the validity of this ADEA Release as to claims and rights asserted under the ADEA or Executive’s right to enforce the Separation Agreement. Executive further
agrees that in the event he or any of the other Releasors brings any ADEA Claims against any of the Releasees, or in the event they seek to recover monetary or other compensation against any of the Releasees through any ADEA Claim brought by a
governmental agency on their behalves, this ADEA Release shall serve as a complete defense to such Claims. 

  
 Exhibit 1-1 

 4.    Executive acknowledges that she is entitled to consider the terms
of this ADEA Release for twenty-one (21) days before signing it. Executive further understands that this ADEA Release shall be null and void if she fails to execute this ADEA Release prior to expiration
of the twenty-one (21) day period. To execute this ADEA Release, Executive must sign and date the ADEA Release below, and return a complete copy thereof to Patrick Craine, Gulfport Energy Corporation,
3001 Quail Springs Parkway, Oklahoma City, OK 73134 by hand delivery, email to elander@akingump.com (with “read” receipt), fax (with confirmation of delivery), or overnight courier. Should Executive execute this ADEA Release within the twenty-one (21) day period, Executive understands that she may revoke this ADEA Release within seven (7) days of the date she signs it (the “Revocation Period”). Executive may
revoke his acceptance by notifying Esther G. Lander, in writing, within seven (7) calendar days after he executes this ADEA Release, by hand delivery, email (with “read” receipt), fax (with confirmation of delivery), or overnight
courier, at the address noted above. 
 5.    If Executive does not revoke this ADEA Release within seven (7) days
from the date she executes it, this ADEA Release will become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day she executes it (the “ADEA Release Effective Date”). For avoidance of
doubt, should Executive fail to timely execute this ADEA Release, or should she timely revoke this ADEA Release after signing it, (A) she shall receive the payments and benefits set forth in Paragraph 1.3.1 of the Separation Agreement,
(B) the Company’s obligations under Paragraphs 1.3.2 and 1.3.3 of the Separation Agreement shall be null and void and of no force or effect, and (C) the remainder of the Separation Agreement shall remain binding, enforceable, and
irrevocable. 
 6.    By signing below, Executive acknowledges and agrees that she (i) has carefully read and fully
understands all of the provisions of the Separation Agreement (including this ADEA Release); (ii) knowingly and voluntarily agrees to all of the terms set forth in the Separation Agreement (including this ADEA Release); (iii) knowingly and
voluntarily agrees to be legally bound by the Separation Agreement (including this ADEA Release); (iv) has been advised to consult with an attorney prior to signing this Separation Agreement (including this ADEA Release); (v) has full
power to release her and the other Releasors’ ADEA Claims as set forth herein; and (vi) has not assigned any such Claims to any individual or to any corporation, partnership or any other entity or organization. 

7.    This ADEA Release shall be part of the Separation Agreement and, once executed, may be enforced in accordance with
the terms of the Separation Agreement. Executive understands that once the Separation Agreement becomes effective, it will remain effective and irrevocable regardless of whether this ADEA Release is timely executed (or, if it is executed, regardless
of whether it is timely revoked); provided that if Executive does not timely execute the ADEA Release (or if Executive timely revokes the ADEA Release after signing it) she will not receive the consideration set forth in Section 1.3.2 or 1.3.3
of the Separation Agreement. Executive further understands that if she and/or the Company fail to timely execute the Separation Agreement, then the Separation Agreement (including this ADEA Release) will be null and void. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 Exhibit 1-2 

 To confirm Executive’s understanding of, and agreement to the terms of this ADEA Release, and to
execute it, she has signed and dated it below: 
  

					
	Date: 8/9/2019	 		  	  

		 		  	KERI CROWELL

  
 Exhibit 1-3EX-10.3

 Exhibit 10.3 

GULFPORT ENERGY CORPORATION 

2019 AMENDED AND RESTATED STOCK INCENTIVE PLAN 

PERFORMANCE SHARE AWARD AGREEMENT 

THIS AGREEMENT (the “Agreement”) is effective as of              , 2019
(the “Grant Date”), by and between Gulfport Energy Corporation, a Delaware corporation (the “Company”), and                     
(the “Grantee”). 
 The Company has adopted the Gulfport Energy Corporation 2019 Amended and Restated Stock Incentive Plan (as
amended, modified or supplemented from time to time, the “Plan”), by this reference made a part hereof, for the benefit of eligible employees, directors and independent contractors of the Company and its Subsidiaries. Capitalized terms
used and not otherwise defined herein shall have the meaning ascribed thereto in the Plan. 
 Pursuant to the Plan, the Committee, which has
generally been assigned responsibility for administering the Plan, has determined that it would be in the interest of the Company and its stockholders to grant the performance shares provided herein in order to provide the Grantee with the potential
to earn additional remuneration for services rendered, to encourage the Grantee to remain in the employ of the Company or its Subsidiaries and to increase the Grantee’s personal interest in the continued success and progress of the Company.

 The Company and the Grantee therefore agree as follows: 

1.    Grant of Performance Shares. Pursuant to the Plan and subject further to the terms and conditions
herein, the Company and the Grantee enter into this Agreement pursuant to which the Grantee has a target of                      performance shares
(the “Target Award”) where each performance share represents the right to receive one share of Common Stock or the cash equivalent thereof (“Performance Shares”). The range of Performance Shares which may be earned by the Grantee
is 0 to 200% of the Target Award. Subject to the provisions of this Agreement, the Performance Shares will vest, if at all, based on the Total Shareholder Return Performance (as defined below) set forth in this Agreement; provided that the Grantee
remains in continuous employment with the Company or any Subsidiary (or the successor of any such company) through the last day of the Performance Period (as defined below). 

2.    Total Shareholder Return Performance. Awards of Performance Shares will be paid to the Grantee, if at
all, following the close of the three (3)-year period beginning on January 1, 2019 and ending on December 31, 2021 (the “Performance Period”) based upon the TSR (as defined below) of the Company relative to the TSR of the Peer
Companies for the Performance Period (the “Total Shareholder Return Performance”). 
 “Peer Companies” means the
companies listed on Schedule A. Any of the Peer Companies that cease to be publicly traded on a recognized stock exchange during the Performance Period will be removed from the Peer Companies for the Performance Period. No companies may be added to
the Peer Companies for the Performance Period. Any Peer Company that files for bankruptcy during the Performance Period will remain in the peer group and will be deemed to have a TSR of negative 100% for purposes of determining the relative TSR
ranking as described below. 

 Except as otherwise provided in paragraph 5 below, total shareholder return
(“TSR”) for a company, including the Company, will be the result of the average Fair Market Value for the twenty (20) trading days ending at the end of the Performance Period, minus the average Fair Market Value for the twenty
(20) trading days ending on the first day of the Performance Period, plus dividends (cash or stock based on ex-dividend date) paid per share of common stock during the Performance Period, divided by the
Fair Market Value on the first day of the Performance Period. 
 Following the close of the Performance Period, the Peer Companies and the
Company shall be ranked together based on their TSR for the Performance Period from the highest TSR being number 1 to the lowest TSR being the number of Peer Companies, including the Company. Based on the Company’s relative TSR rank among the
Peer Companies for the Performance Period, the Grantee will have earned Performance Shares as determined by the Company’s rank as follows (provided that, if the Company’s absolute TSR is negative, payout will be limited to a maximum of
100% of the Target Award): 
  

	 	•	 	 If the Company is ranked at or higher than the 80th
percentile of the Peer Companies, including the Company, 200% of the Target Award 

  

	 	•	 	 If the Company is ranked at the 55th percentile of the Peer
Companies, including the Company, 100% of the Target Award 

  

	 	•	 	 If the Company is ranked at the 30th percentile of the Peer
Companies, including the Company, 50% of the Target Award 

  

	 	•	 	 If the Company is ranked below the 30th percentile of the
Peer Companies, including the Company, 0% of the Target Award 

 If the Company is ranked between the 30th and 55th or between the 55th and the
80th percentile of the Peer Companies, the percentage multiple of the Target Award will be linearly interpolated based on the actual percentile ranking of the Company in relation to the payout
levels. Any partial shares will be rounded up to the next whole number. 
 3.    Payment of Performance Shares.
Performance Shares will be earned and paid to the Grantee only following the Committee’s certification of the level of Total Shareholder Return Performance. If the Total Shareholder Return Performance achieved results in 0% of the Target Award
earned, all Performance Shares awarded under this Agreement shall be forfeited. 
 Notwithstanding the foregoing, subject to the provisions
of paragraphs 4 and 5 below, and the applicable written employment agreement between the Grantee and the Company or any Subsidiary, if any (the “Employment Agreement”), no Performance Shares shall be payable unless the Grantee remains in
continuous employment with the Company or any Subsidiary (or the successor of any such company) through the last day of the Performance Period. 

As soon as practicable but in no event later than thirty (30) days following the last day of the Performance Period, or, in the event of
the Grantee’s termination of employment in connection with a Change in Control as described in paragraph 5 below, thirty (30) days 

  
 -2- 

 
following the date of such Change in Control, the Company shall deliver to the Grantee (i) certificates representing the applicable number shares of Common Stock or cause the applicable
number of shares of Common Stock to be evidenced in book-entry form in the Grantee’s name in the stock register of the Company maintained by the Company’s transfer agent, (ii) cash equal to the Fair Market Value of the applicable
number of shares of Common Stock on such date, or (iii) any combination of (i) or (ii). 

4.    Termination of Employment Due to Death, Disability or Retirement. Subject to the provisions of any
Employment Agreement, upon termination of the Grantee’s employment with the Company or any Subsidiary (or the successor of any such company) due to death, Disability or Retirement prior to the end of the Performance Period, the Grantee or the
Grantee’s estate, as applicable, will receive a pro-rata payment (based on the number of days of employment actually served during the Performance Period compared to the total number of days in the
Performance Period) based on actual results at the end of the Performance Period. [For purposes of this Agreement, “Retirement” means the Grantee’s retirement from the Company and its Subsidiaries at or above the age 65 as determined
in accordance with the policies of the Company or its Subsidiaries, if any, in good faith by the Committee, which determination will be final and binding on all parties concerned].1 

5.    Termination of Employment in Connection with a Change in Control. Subject to the provisions of any Employment
Agreement, in the event a Change in Control occurs during the Performance Period and on or after such Change in Control, the Grantee (i) is terminated without Cause or (ii) resigns for Good Reason, the Performance Shares payable to the
Grantee will be calculated based on the percentage corresponding to the actual performance level achieved as of the date of the Change in Control, with the TSR calculated based upon the average Fair Market Value for the twenty (20) trading days
ending on the date of the Change in Control. For purposes of this Agreement, “Good Reason” shall mean (i) with respect to any Grantee who is a party to an Employment Agreement and which Employment Agreement provides for a definition
of Good Reason, as defined therein; and (ii) with respect to all other Grantees, the occurrence of one of the following events, (a) elimination of the Grantee’s job position or material reduction in duties and/or reassignment of the
Grantee to a new position of materially less authority; or (b) a material reduction in the Grantee’s base salary; provided that, in the case of this clause (ii), the Grantee will not be deemed to have terminated for Good Reason unless
(A) the Grantee provides written notice to the Company of the existence of one of the conditions described in clause (a) or (b) within ninety (90) days after the Grantee has knowledge of the initial existence of the condition,
(B) the Company fails to remedy the condition so identified within thirty (30) days after receipt of such notice (if capable of correction), (C) the Grantee provides a notice of termination to the Company within thirty (30) days of
the expiration of the Company’s period to remedy the condition specifying an effective date for the Grantee’s termination, and (D) the effective date of the Grantee’s termination of employment is within ninety (90) days
after the Grantee provides written notice to the Company of the existence of the condition referred to in clause (A). 

6.    Termination of Employment for Reasons Other Than Death, Disability, Retirement or in Connection with a Change in
Control. If the Grantee ceases employment or 
  

	1 	 NTD: To conform with the definition of retirement used in the Company’s policies. 

  
 -3- 

 
service to the Company and its Subsidiaries for any reason prior to the end of the Performance Period (except as described in paragraphs 4 or 5 above), the Performance Shares will be immediately
canceled, and the Grantee will thereupon cease to have any right or entitlement to receive any shares of Common Stock under this award. 

7.    No Ownership Rights Prior to Issuance of Shares of Common Stock. Neither the Grantee nor any other person
shall become the beneficial owner of the shares of Common Stock underlying the Performance Shares, nor have any rights of a shareholder (including, without limitation, dividend and voting rights) with respect to any such shares of Common Stock,
unless and until and after such shares of Common Stock have been delivered to the Grantee as described in the last subparagraph of paragraph 3. 

8.    Mandatory Withholding of Taxes. The Grantee acknowledges and agrees that the Company shall deduct from the
shares of Common Stock or cash otherwise payable or deliverable an amount of cash and/or number of shares of Common Stock (valued at their Fair Market Value) on the applicable date that is equal to the amount of all federal, state and local taxes
required to be withheld by the Company, as determined by the Committee. With the consent of the Committee, the Grantee may elect to have the Company withhold or purchase, as applicable, from shares of Common Stock or cash that would otherwise
payable or deliverable an amount of cash and/or number of shares of Common Stock (valued at their Fair Market Value) equal to the product of the maximum federal marginal rate that could be applicable to the Grantee and the Fair Market Value of the
shares of Common Stock or cash otherwise payable or deliverable, as applicable. 
 9.    Restrictions Imposed by
Law. The Grantee agrees that the Company will not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such delivery would violate any applicable law or any rule or regulation of any governmental
authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to
cause the issuance or delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement. 

10.    Assignability. Except as expressly provided herein, the Performance Shares are not transferable
(voluntarily or involuntarily) other than by will or the laws of descent and distribution or pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder
(a “QDRO”), and may not otherwise be assigned, pledged, hypothecated or otherwise disposed of and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon the levy of any
such process, the award provided for herein shall immediately become null and void, and the Performance Shares shall be immediately forfeited. 

Notwithstanding the foregoing, the Performance Shares are transferable by the Grantee to (i) the spouse, children or grandchildren of the
Grantee (“Immediate Family Members”), (ii) a trust or trusts for the exclusive benefit of such Immediate Family Members, or (iii) a partnership or partnerships in which such Immediate Family Members have at least ninety-nine
percent (99%) of the equity, profit and loss interests. Subsequent transfers of Performance Shares shall be prohibited except by will or the laws of descent and distribution or pursuant to a QDRO, 

  
 -4- 

 
unless such transfers are made to the original Grantee or a person to whom the original Grantee could have made a transfer in the manner described herein. No transfer shall be effective unless
and until written notice of such transfer is provided to the Committee, in the form and manner prescribed by the Committee. Following transfer, the Performance Shares shall continue to be subject to the same terms and conditions as were applicable
immediately prior to transfer, and, except as otherwise provided herein, the term “Grantee” shall be deemed to refer to the transferee. The consequences of termination of employment shall continue to be applied with respect to the original
Grantee. 
 11.    Notice. Any notice required under this Agreement to be given or delivered to the Company must
be in writing and addressed to the Corporate Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to the Grantee must be in writing and addressed to the Grantee at the address indicated on the
Certificate or to such other address as the Grantee designates in writing to the Company. All notices will be deemed to have been given or delivered (i) upon personal delivery, (ii) five days after deposit in the United States mails by
certified or registered mail (return receipt requested), (iii) two business days after deposit with any return receipt express courier (prepaid), or (iv) one business day after transmission by facsimile. 

12.    Grantee Employment. Nothing contained in this Agreement, and no action of the Company or the Committee with
respect hereto, shall confer or be construed to confer on the Grantee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any employing Subsidiary to terminate the
Grantee’s employment at any time, with or without cause; subject, however, to the provisions of any Employment Agreement. 

13.    Governing Law. This Agreement is governed by and construed in accordance with the laws of the State
of Delaware without giving effect to its conflict of law principles. If any provision of this Agreement is determined by a court of law to be illegal or unenforceable, then such provision will be enforced to the maximum extent possible and the other
provisions of the Agreement will remain fully effective and enforceable. 
 14.    Construction. References in
this Agreement to “this Agreement” and the words “herein,” “hereof,” “hereunder” and similar terms include all exhibits and schedules appended hereto, including the Plan. This Agreement is entered into, and
the award evidenced hereby is granted, pursuant to the Plan and shall be governed by and construed in accordance with the Plan and the administrative interpretations adopted by the Committee thereunder. All decisions of the Committee upon questions
regarding the Plan or this Agreement shall be conclusive. Unless otherwise expressly stated herein, in the event of any inconsistency between the terms of the Plan and this Agreement, the terms of the Plan shall control. The headings of the
paragraphs of this Agreement have been included for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 

15.    Duplicate Originals. The Company and the Grantee may execute any number of copies of this Agreement. Each
executed copy shall be an original, but all of them together represent the same agreement. 

  
 -5- 

 16.    Rules by Committee. The rights of the Grantee and
obligations of the Company hereunder shall be subject to such reasonable rules and regulations as the Committee may adopt from time to time hereafter. 

17.    Entire Agreement. Subject to the provisions of any Employment Agreement, the Grantee and the Company hereby
declare and represent that no promise or agreement not herein expressed has been made and that this Agreement contains the entire agreement between the parties hereto with respect to the Performance Shares and replaces and makes null and void any
prior agreements, oral or written, between the Grantee and the Company regarding the Performance Shares. To the extent of any conflict between this Agreement and any Employment Agreement, the terms of such Employment Agreement shall control. 

18.    Code Section 409A. Payments under this Agreement are designed to be made in a manner that
is exempt from Code Section 409A as a “short-term deferral,” and the provisions of this Agreement will be administered, interpreted and construed accordingly (or disregarded to the extent such provision cannot be so administered,
interpreted, or construed). 
 19.    Excise Taxes. Subject to the provisions of any Employment Agreement and
notwithstanding anything to the contrary in this Agreement, if the Grantee is a “disqualified individual” (as defined in Code Section 280G(c)), and the payments and benefits provided for under this Agreement, together with any other
payments and benefits which the Grantee has the right to receive from the Company or any of its affiliates or any party to a transaction with the Company or any of its affiliates, would constitute a “parachute payment” (as defined in Code
Section 280G(b)(2)), then the payments and benefits provided for under this Agreement shall be either (a) reduced (but not below zero) so that the present value of such total amounts and benefits received by the Grantee from the Company
and its affiliates will be one dollar ($1.00) less than three times the Grantee’s “base amount” (as defined in Code Section 280G(b)(3)) and so that no portion of such amounts and benefits received by the Grantee shall be subject
to the excise tax imposed by Code Section 4999 or (b) paid in full, whichever produces the better net after-tax position to the Grantee (taking into account any applicable excise tax under Code
Section 4999 and any other applicable taxes). The reduction of payments and benefits hereunder, if applicable, shall be made by reducing payments or benefits to be paid hereunder in the order in which such payment or benefit would be paid or
provided (beginning with such payment or benefit that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time). The determination as to whether any such reduction in the
amount of the payments and benefits provided hereunder is necessary shall be made by a nationally recognized accounting firm selected by the Company. If a reduced payment or benefit is made or provided and through error or otherwise that payment or
benefit, when aggregated with other payments and benefits from the Company (or its affiliates) used in determining if a parachute payment exists, exceeds one dollar ($1.00) less than three times the Grantee’s base amount, then the Grantee shall
immediately repay such excess to the Company upon notification that an overpayment has been made. For the avoidance of doubt, if any Employment Agreement contains specific provisions relating to Code Section 280G and Code Section 4999,
then this paragraph 19 shall not apply to the Performance Shares. 

  
 -6- 

 20.    Grantee Acceptance. The Grantee shall signify acceptance
of the terms and conditions of this Agreement by executing this Agreement and returning an executed copy to the Company. 
  

			
	 GULFPORT ENERGY CORPORATION,
 a
Delaware corporation

		
	By:	 	
                     

	Name:	 	
	Title:	 	
	
	ACCEPTED:
	
	
                     

	Grantee

  
 -7- 

                     
       Schedule A to Performance Share Award 

                     
       Agreement dated as of             , 2019        

SCHEDULE A 
 PEER
COMPANIES 
 The following companies comprise the Peer Companies for the Performance Period: 

 

					
	Antero Resources Corporation	  	Berry Petroleum Corporation	  	Cabot Oil & Gas Corporation
	Carrizo Oil & Gas, Inc.	  	Chaparral Energy, Inc.	  	Chesapeake Energy Corporation
	CNX Resources Corporation	  	Comstock Resources, Inc.	  	Eclipse Resources Corporation
	EQT Corporation	  	Extraction Oil & Gas, Inc.	  	Laredo Petroleum, Inc.
	Magnolia Oil & Gas Corporation	  	Matador Resources Company	  	PDC Energy Inc.
	QEP Resources, Inc.	  	Range Resources Corporation	  	Roan Resources, Inc.
	SM Energy Company	  	Southwestern Energy Company	  	SRC Energy Inc.

  
 -1-

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