Premier of Saskatchewan Legislative Building Regina Canada S45 083 March 27, 2017 Grant Fagerheim President and CEO Whitecap Resources Inc. 3800 - 525 8th Avenue SW CALGARY AB 12P 1G1 (gfagetheim@weap. % Dear Mf. Fagetheim: 1 begin, as always, with a thank you to you for your company's very significant investment in Saskatchewan and for your outstanding corporate citizenry here. Tam sure you have heard some of the budget related news coming out of Saskatchewan. We have signalled and begun a shift away from dependence on resource revenues and importantly, a second shift towards consumption taxes and away from income taxes, corporate and personal. We will begin lowering the rates of each of the latter effective July 1, 2017. When fully implemented, we will offer the lowest Corporation Income Tax (CIT) rates in Canada at 11 per cent (along with British Columbia) and our personal income tax rates will have dropped in each bracket from 15, 13 and 11 per cent to 14, 12 and 10 per cent. We will also be the only jurisdiction in Canada without a carbon tax. pouteginaGrant Page 2 March Fagerheim 27,2017 Given would these major tax changes and your production presence in our province, I therefore formally ask you to consider a relocation of your head office from Calgary to Saskatchewan. In addition to the competitive improvements noted above, 1 2: Itmay we would offer a package that would deal with: Relocation costs (including costs associated with prematurely terminated leases). Aggressive new growth tax incentives in the form of either royalty incentives or further CIT reductions tied to each new job brought to Saskatchewan. An offer to help identify affordable and suitable office space, including the potential of leveraging existing government office buildings as a further incentive Help with other hurdles as you define them and as can reasonably be offered. well make sense for there to be a cooperative joint move on the part of you and other companies that are Saskatchewan production oriented. The synergy and ‘economy of scale of such an opportunity would provide even more room on our side to make the relocation worthwhile in terms of incentives and trouble-shooting. It is my hope that Whitecap Resources Inc. will consider this invitation very seriously. Iand/or the Honourable Dustin Duncan, Minister of Energy and Resources, would be willing to travel to Calgary to further explore the foregoing at your convenience. Il the very best, Bhad Wall Premier A \y peureginaGrant Fagerheim Page3 March 27, 2017 cc Honourable Dustin Duncan Minister of Energy and Resources pov-egina