Aurora Solar Technologies Inc. — Capital/Financing Update 2022

Aug 26, 2022

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1. Name and Address of Issuer

Aurora Solar Technologies Inc. 100 – 788 Harbourside Drive North Vancouver, BC V7P 3R7

Item 2. Date of Material Change

August 26, 2022

• Item 3. News Release

A news release announcing the material change was disseminated on August 26, 2022 and filed on SEDAR (www.sedar.com).

• Item 4. Summary of Material Change

The Issuer Completes BT Imaging Acquisition and Concurrent Non-Brokered Private Placement

Item 5.1

Full Description of Material Change

The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. These new common shares shall be subject to escrow conditions and released in three tranches on December 26, 2022, June 25, 2023 and December 25, 2023 in the amount of 20,032,003, 21,468,674, and 21,468,674 common shares, respectively. All other material transaction terms remain unchanged.

The concurrent non-brokered private placement announced on July 5, 2022 to support this Acquisition has also been completed with net proceeds of $1,146,625 received. The Company has issued 11,650,000 units (the “ Units ”) at the price of $0.10 per Unit for gross proceeds of $1,165,000. Each Unit consists of one common share of the Company and one share purchase warrant to acquire a common share of the Company at an exercise price of $0.20 for a period of one year. A finders fee of $18,375 was paid and 183,750 finders warrant were issued which are exercisable into common shares at $0.20 for a period of one year. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

• Item 7.

Omitted Information

There are no significant facts required to be disclosed herein which have been omitted.

Item 8. Executive Officer

Gordon Deans, CEO (778) 241-5000

Item 9. Date of Report

August 26, 2022