SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Waratah Capital Advisors Ltd.'s Holding History (CIK: 0001539919)

Note: Option positions (PUT/CALL) are excluded.

Q3 2017

Shares 2,245 Value ($000) $262 Avg Close $10.21 Range $8.48 - $12.39

Q2 2017

Shares 21,050 Value ($000) $1,829 Avg Close $8.46 Range $6.72 - $10.08

Q4 2016

Shares 46,183 Value ($000) $1,980 Avg Close $4.20 Range $3.77 - $4.54

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	2,245	$262	$10.21	$8.48 - $12.39
Q2 2017	21,050	$1,829	$8.46	$6.72 - $10.08
Q4 2016	46,183	$1,980	$4.20	$3.77 - $4.54