Aurora Spine — Capital/Financing Update 2020

Feb 7, 2020

FORM 51-102F3

MATERIAL CHANGE REPORT

1. Name and Address of Issuer:

Aurora Spine Corporation (the " Company ") 1930 Palomar Point Way, Suite 103 Carlsbad, California, 92008

2. Date of Material Change:

February 3, 2020.

3. News Release:

The news release was issued and disseminated on February 3, 2020 and subsequently filed on SEDAR.

4. Summary of Material Change:

The Company announced that that it has closed the first tranche of its non-brokered private placement offering (the " Offering "). Under the first tranche of the Offering, the Company has issued 5,500,000 units (the " Units ") at a price of CDN$0.25 per Unit for aggregate gross proceeds of approximately CDN$1,375,000. The Company expects to complete one or more additional tranches of the Offering on the same terms for aggregate proceeds of up to CDN$2.2 million.

5.

5.1 – Full Description of Material Change:

Each Unit is comprised of one common share of the Company and one half one common share purchase warrant of the Company. Each whole warrant is exercisable at a price of CDN$0.45 per common share for a period of 36 months following the date of issuance. The Company will pay aggregate finder's fees of CDN$45,000 to compensate finders who introduced purchasers under the first tranche of the Offering.

The net proceeds of the Offering will be used for working capital and general corporate purposes.

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

Not applicable.

7. Omitted Information:

No significant facts remain confidential in, and no information has been omitted from, this report.

8. Executive Officer:

For further information, please contact Jana F. Kiena, Chief Financial Officer, at (760) 424-2004.

9. Date of Report:

February 7, 2020.