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Thinkific Labs Inc. — Capital/Financing Update 2025
Nov 24, 2025
48078_rns_2025-11-24_2946513f-9eca-408f-afe0-87fcba39c5c9.pdf
Capital/Financing Update
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QUALIFICATION CERTIFICATE
TO: British Columbia Securities Commission, as principal regulator
Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Manitoba Securities Commission
Ontario Securities Commission
Autorité des marchés financiers
Nova Scotia Securities Commission
Financial and Consumer Services Commission (New Brunswick)
Prince Edward Island Securities Office
Securities Commission of Newfoundland and Labrador
Office of the Superintendent of Securities (Northwest Territories)
Office of the Yukon Superintendent of Securities
Superintendent of Securities (Nunavut)
Re: Thinkific Labs Inc. (the "Company") — Preliminary Short Form Base Shelf Prospectus dated November 24, 2025 (the "Base Shelf Prospectus")
This certificate is delivered by the Company pursuant to National Instrument 44-101 - Short Form Prospectus Distributions ("NI 44-101") and National Instrument 44-102 - Shelf Distributions in connection with the filing of Base Shelf Prospectus to distribute common shares, preferred shares, debt securities, warrants, subscription receipts and units. The Company is relying on Section 2.2 of NI 44-101 to qualify to file the Base Shelf Prospectus. Capitalized terms used herein and not otherwise defined have the meanings ascribed thereto in NI 44-101.
The undersigned, Corinne Hua, in her capacity of Chief Financial Officer of the Company and not in her personal capacity, hereby certifies for and on behalf of the Company that:
(a) the Company is an electronic filer under National Instrument 13-101 - System for Electronic Data Analysis and Retrieval (SEDAR+);
(b) the Company is a reporting issuer in at least one jurisdiction of Canada;
(c) the Company has filed with the securities regulatory authority in each jurisdiction in which it is a reporting issuer all periodic and timely disclosure documents that it is required to have filed in that jurisdiction:
(i) under applicable securities legislation;
(ii) pursuant to an order issued by the securities regulatory authority; or
(iii) pursuant to an undertaking to the securities regulatory authority;
(d) the Company has filed, in at least one jurisdiction in which it is a reporting issuer:
(i) current annual financial statements; and
(ii) a current annual information form;
(e) the Company's common shares are listed and posted for trading on the Toronto Stock Exchange, and the Company is not an issuer:
(i) whose operations have ceased; or
(ii) whose principal asset is cash, cash equivalents, or its exchange listing; and
(f) all of the material incorporated by reference in the Base Shelf Prospectus and not previously filed is being filed with the Base Shelf Prospectus.
[Remainder of Page Intentionally Left Blank]
DATED November 24, 2025.
Yours truly,
THINKIFIC LABS INC.
By: (Signed) Corinne Hua
Name: Corinne Hua
Title: Chief Financial Officer
Thinkific Labs Inc. - Qualification Certificate