Thinkific Labs Inc. — Board/Management Information 2026

Apr 16, 2026

FORM 51-102F3
MATERIAL CHANGE REPORT

Item 1: Name and Address of Company
Thinkific Labs Inc. ("Thinkific")
369 Terminal Ave, Suite 400
Vancouver, BC V6A 4C4

Item 2: Date of Material Change
April 15, 2026

Item 3: News Release
A news release announcing the material change referred to in this report was issued via Cision NewsWire on April 15, 2026, and filed under Thinkific's profile on SEDAR+.

Item 4: Summary of Material Change
On April 15, 2026, Thinkific Labs Inc. ("Thinkific") announced that CEO Greg Smith is expanding his responsibilities by taking direct oversight of the R&D teams, replacing Ryan Donovan who will be leaving the company..

Item 5: Full Description of Material Changes

5.1 Full Description of Material Changes
On April 15, 2026, Thinkific announced that CEO Greg Smith is expanding his responsibilities by taking direct oversight of the R&D teams, replacing Ryan Donovan who will be leaving Thinkific to pursue other opportunities. This move is designed to accelerate Thinkific's Aldriven product innovation by streamlining decision-making and shortening time-to-market. In this expanded capacity, Smith will personally oversee the execution of Thinkific's core technology and product strategies. Thinkific has strong VPs leading core R&D functions to help lead and execute in this area. Their focus will be on rapid innovation and customer value creation through the use of AI tools.

Greg and the team at Thinkific extend their sincere thanks to Ryan Donovan for his many contributions and for helping to hire and build the team and product foundations that will enable the company's future success.

5.2 Disclosure of Restructuring Transactions
Not applicable.

Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.

Item 7: Omitted Information
Not applicable.

Item 8: Executive Officer
Jeremy Chan, VP, General Counsel & Corporate Secretary
1 (888) 832-2409

Item 9: Date of Report
April 15, 2026