SEC Contract Filing

Filing Date: 2018-11-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>gpor-20180930xex102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="sE5410CD01868BA817B6BCC26DC35296D"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Exhibit 10.2</font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:156%;padding-bottom:18px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT TO SAND SUPPLY AGREEMENT</font></div><div style="line-height:144%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Second Amendment to Sand Supply Agreement (this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Second Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made this 6th day of August, 2018 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Execution Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) by and between Muskie Proppant LLC, a Delaware limited liability company, (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Supplier</font><font style="font-family:inherit;font-size:12pt;">&#8221;); and Gulfport Energy Corporation, a Delaware corporation, (</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Customer</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Supplier and Customer are sometimes individually referred to as a &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Party</font><font style="font-family:inherit;font-size:12pt;">&#8221;, or collectively referred to as the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Parties</font><font style="font-family:inherit;font-size:12pt;">&#8221;.</font></div><div style="line-height:144%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:156%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, Supplier and Customer entered into a that certain Sand Supply Agreement dated October 1, 2014, further amended and modified by that certain Amendment to Supply Agreement, dated October 1, 2015, (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), pursuant to which Supplier agreed to sell sand to Customer, more particularly 40/70 proppant sand (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Product</font><font style="font-family:inherit;font-size:12pt;">&#8221;), subject to the terms and conditions in the Agreement.</font></div><div style="line-height:156%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:12pt;">Article I Section 1.1 of the Agreement provided for an Initial Term, commencing on October 1, 2014 and ending on September 30, 2018.</font></div><div style="line-height:156%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;Article I Section 1.2 of the Agreement allows the Parties to extend the Term of the Agreement by written amendment executed by both Parties. </font></div><div style="line-height:156%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, Supplier and Customer desire to extend the Term of the Agreement. </font></div><div style="line-height:156%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, in consideration of the foregoing and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the Parties agree as follows:</font></div><div style="line-height:156%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Defined Terms</font><font style="font-family:inherit;font-size:12pt;">. Capitalized terms used but not defined herein shall have the same meanings given to such terms in the Agreement.</font></div><div style="line-height:144%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:156%;text-align:justify;text-indent:48px;font-siz