AURORA CANNABIS INC. - and - COMPUTERSHARE TRUST COMPANY OF CANADA WARRANT INDENTURE Providing for the Issue of up to 70,408,750 Warrants

AURORA CANNABIS INC.

COMPUTERSHARE TRUST COMPANY OF CANADA

Providing for the Issue of

THIS WARRANT INDENTURE dated as of June 1, 2022

AURORA CANNABIS INC.

a corporation incorporated under the laws of the Province of British Columbia

(hereinafter called the Company )

a trust company continued under the laws of Canada and registered to carry on business in the

Province of British Columbia

(hereinafter called the Warrant Agent )

NOW THEREFORE THIS INDENTURE WITNESSES that for good and valuable consideration mutually given and received, the

receipt and sufficiency of which are hereby acknowledged, it is hereby agreed and declared as follows:

In this Indenture, unless there is something in the subject matter or context inconsistent therewith:

Applicable Legislation means the provisions of the statutes of Canada and its provinces and the regulations under those

statutes relating to warrant indentures and/or the rights, duties or obligations of issuers and warrant agents under warrant indentures as are from time to time in force and applicable to this Indenture;

Approved Bank has the meaning ascribed to that term in section 9.4;

Attribution Parties has the meaning ascribed to that term in section 4.9;

Authenticated means with respect to the issuance of an Uncertificated Warrant, that all Internal Procedures required to be

completed by the Warrant Agent have been so completed such that the particulars of such Uncertificated Warrant are entered in the register of Warrantholders, and Authenticate , Authenticating and

Authentication have the appropriate correlative meanings;

Beneficial Owner means a person that has

a beneficial interest in a Warrant;

Beneficial Ownership Limitation has the meaning ascribed to that term in section

Book-Based System means the book-based securities system administered by CDS in accordance with its operating

rules and procedures in force from time to time;

Business Day means a day that is not a Saturday, Sunday, or a day on

which banks are closed or which is a civic or statutory holiday in the City of Toronto, Ontario or the City of Vancouver, British Columbia;

Cannabis Permits means all permits or licences of any nature held by the Company or any subsidiary of the Company, as of

the date of this Indenture or thereafter, under Canadian federal, provincial and territorial law, and regulations made thereunder, that are necessary or desirable to lawfully conduct or maintain, directly or indirectly, its cannabis-related

activities and interests;

Capital Reorganization has the meaning ascribed to that term in subsection 3.13(4);

CDS means CDS Clearing and Depository Services Inc. and its successors in interest;

CDS Participant means a person recognized by CDS as a participant;

Common Share Reorganization has the meaning ascribed to that term in subsection 3.13(1);

Common Shares means the common shares in the capital of the Company;

Company means Aurora Cannabis Inc., a corporation incorporated under the

laws of the Province of British Columbia, and its lawful successors from time to time;

Company s Auditors means

the chartered (professional) accountant or firm of chartered (professional) accountants duly appointed as auditor or auditors of the Company from time to time;

Confirmation means that CDS shall deliver to the Warrant Agent confirmation of its intention to exercise Warrants in a

manner acceptable to the Warrant Agent, including by electronic means through the Book-Based System;

barrister and solicitor or lawyer or a firm of barristers and solicitors or lawyers (who may be counsel to the Company), in both cases acceptable to the Warrant Agent;

Current Market Price means, at any date, the volume weighted average price per share at which the Common Shares have

during the five (5) consecutive trading days ending two (2) trading days immediately before such date and the weighted average price

shall be determined by dividing the aggregate sale price of all Common Shares sold in board lots on the exchange or market, as the case may be, during the five (5) consecutive trading days by the number of Common Shares sold or, if not traded

on any recognized exchange or market, as determined by the directors of the Company, acting reasonably;

a member of the board of directors of the Company for the time being, and unless otherwise specified herein, reference to action by the board of directors means action by the board of directors of the Company as a board or,

whenever duly empowered, action by a committee of the board;

Equity Shares means the Common Shares and any shares of

any other class or series of the Company which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or

involuntary liquidation, dissolution or winding up of the Company beyond a fixed sum or a fixed sum plus accrued dividends;

Exchange Basis means, at any time, the number of Warrant Shares or other classes of shares or securities which a

Warrantholder is entitled to receive upon the exercise of the rights attached to the Warrants pursuant to the terms of this Indenture, as the number may be adjusted pursuant to section 3.13 hereof, such number being equal to one Warrant Share per

Warrant as of the date hereof;

Exercise Date with respect to any Warrant means the date on which such Warrant is duly

surrendered for exercise in accordance with the provisions of Article 4 hereof;

Exercise Price means $3.20 for

each Warrant Share, subject to adjustment in accordance with the provisions of this Indenture;

resolution has the meaning ascribed to that term in sections 7.11 and 7.14;

Governmental Authority

or Governmental Authorities means any of the governments of Canada, the United States of America, any other nation or any political subdivision thereof, whether provincial, state, territorial or local, and any agency, authority,

instrumentality, regulatory body, court, central bank, fiscal or monetary authority or other authority regulating financial institutions, and any other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers

or functions of or pertaining to government;

Internal Procedures means in respect of the making of any one or more

entries to, changes in or deletions of any one or more entries in the register of Warrantholders at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent s

internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent;

NCI has the meaning ascribed to that term in subsection 3.12(1);

person means an individual, a corporation, a partnership, a syndicate, a trustee or any unincorporated organization and

words importing persons that are intended to have a similarly extended meaning;

Registration Statement means a shelf

registration statement filed with the SEC under the U.S. Securities Act registering the Warrant Shares issuable upon exercise of the Warrants;

Rights Offering has the meaning ascribed to that term in subsection 3.13(2);

Rights Offering Price has the meaning ascribed to that term in subsection 3.14(9);

SEC means the United States Securities and Exchange Commission;

Securities Laws means, collectively, the applicable securities laws of each of the provinces and territories of Canada, the

United States and each of the states of the United States, as applicable, and the respective regulations made and forms prescribed thereunder together with all applicable

published rules, policy statements, notices and blanket orders and rulings of the securities commissions or similar regulatory authorities in each of the provinces and territories of Canada;

shareholder means an owner of record of one or more Common Shares or shares of any other class or series of the Company;

Special Distribution has the meaning ascribed to that term in subsection 3.13(3);

Subsidiary means a corporation, a majority of the outstanding voting shares of which are owned, directly or indirectly, by

the Company or by one or more subsidiaries of the Company and, as used in this definition, voting shares means shares of a class or classes ordinarily entitled to vote for the election of the majority of the directors of a

corporation irrespective of whether or not shares of any other class or classes shall have or might have the right to vote for directors by reason of the happening of any contingency;

successor company has the meaning ascribed to that term in section 8.2;

this Indenture , herein , hereby and similar expressions mean or refer to this common

share purchase warrant indenture and any indenture, deed or instrument supplemental or ancillary hereto; and the expressions Article , section , subsection or paragraph

followed by a number or letter mean and refer to the specified Article, section, subsection or paragraph of this Indenture;

of Expiry means 5:00 p.m. (Toronto time) on June 1, 2025;

trading day means a day on which the TSX

(or such other exchange on which the Common Shares are listed and which forms the primary trading market for such shares) is open for trading, and if the Common Shares are not listed on a stock exchange, a day on which an over-the-counter market where such shares are traded is open for business;

transaction instruction means a written order signed by the holder or CDS, entitled to request that one or more actions be

taken, or such other form as may be reasonably acceptable to the Warrant Agent, requesting one or more such actions to be taken in respect of an Uncertificated Warrant;

Transfer Agent means the transfer agent or agents for the time being for the Common Shares;

TSX means the Toronto Stock Exchange;

U.S. Exchange Act means the United States Securities Exchange Act of 1934, as amended and the rules and regulations

promulgated thereunder;

U.S. Securities Act means the United States Securities Act of 1933, as amended and the rules

and regulations promulgated thereunder;