On September 2, 2021, Gulfport Energy Corporation and Timothy Cutt agreed that, effective immediately, Mr. Cutt will fully assume the role of the company’s chief executive officer, dropping the Interim designation from his title. The company and Mr. Cutt are party to a letter agreement, effective May 17, 2021, that sets forth the terms and conditions of Mr. Cutt’s employment as interim chief executive officer of the company. In connection with Mr. Cutt’s new role as chief executive officer of the company, the company and Mr. Cutt have entered into an amendment to the CEO Agreement. The amendment was approved by the board of directors of the company and is effective as of September 2, 2021.