EX-4.2



 Exhibit 4.2 
  






 
 C1234567890 
104598

Number 
ZQ 123456 
s shopify 
Shares 
* * * * 0 * * * * * * * * * 
* * * * * 0 * * * * * * * * 
* * * * * * 0 * * * * * * * 
* * * * * * * 0 * * * * * * 
* * * * * * * * 0 * * * * * 
INCORPORATED UNDER THE CANADA BUSINESS CORPORATIONS ACT

THIS CERTIFIES THAT 
SPECIMEN 
CUSIP 82509L206 
ISIN CA82509L2066 
SEE REVERSE FOR CERTAIN DEFINITIONS 
is the registered holder of 
*** ZERO *** 
FULLY PAID AND NON-ASSESSABLE CLASS B MULTIPLE VOTING SHARES WITHOUT PAR VALUE IN
THE CAPITAL OF 
SHOPIFY INC. 
transferable on the books of the Company only
upon surrender of this certificate properly endorsed. 
This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

IN WITNESS WHEREOF the Company has caused this certificate to be signed on its behalf by the facsimile signatures of its duly authorized officers. 
VOID 
Chief Executive Officer and 
Chairman of the Board 
Dated: [date] 
COUNTERSIGNED AND REGISTERED 
COMPUTERSHARE INVESTOR SERVICES INC. 
(TORONTO) 
TRANSFER AGENT AND REGISTRAR 
VOID 
By

Authorized Officer 
The shares represented by this certificate are
transferable at the office of Computershare Investor Services Inc. in Toronto, ON. 
SECURITY INSTRUCTIONS ON REVERSE 
VOIR LES INSTRUCTIONS DE SECURITE AU VERSO 
015BBA 







 



 
 The class of shares represented by this certificate has rights, privileges, restrictions, or conditions attached thereto and the Company
will furnish to the holder, on demand and without charge, a full copy of the text of (i) the rights, privileges, restrictions and conditions attached to the said shares and to each class authorized to be issued and to each series insofar as the same
have been fixed by the directors, and (ii) the authority of the directors to fix the rights, privileges, restrictions and conditions of subsequent series, if applicable. 
The following abbreviations shall be construed as though the words set forth below opposite each abbreviation were written out in full where such abbreviation appears: 
TEN COM 
- as tenants in common 
(Name) CUST (Name) UNIF 
- (Name) as Custodian for (Name) under the 
TEN ENT 
- as tenants by the entireties 
GIFT MIN ACT (State) 
(State) Uniform Gifts to Minors Act 
JT TEN 
- as joint tenants with rights of survivorship and not as 
tenants in common 
Additional abbreviations may also be used though not in the above list.

For value received the undersigned hereby sells, assigns and transfers unto

Insert name and address of transferee 
shares 
represented by this certificate and does hereby irrevocably constitute and appoint 
the
attorney 
of the undersigned to transfer the said shares on the books of the Company with full power of substitution in the premises. 
DATED: 
Signature of Shareholder 
Signature of Guarantor 
Signature Guarantee: 
The signature on this assignment must correspond with the name as written upon the face of the certificate(s), in every particular, without alteration or enlargement, or any change
whatsoever and must be guaranteed by a major Canadian Schedule I chartered bank or a member of an acceptable Medallion Signature Guarantee Program (STAMP, SEMP, MSP). The Guarantor must affix a stamp bearing the actual words “Signature
Guaranteed”. 
In the USA, signature guarantees must be done by members of a “Medallion Signature Guarantee Program” only. 
Signature guarantees are not accepted from Treasury Branches, Credit Unions or Caisses Populaires unless they are members of the Stamp Medallion Program. 
Conversion privilege 
In accordance with and subject to the provisions of the articles of
Shopify Inc., the Class B Multiple Voting Shares represented by this certificate may be converted into Class A Subordinate Voting Shares of Shopify Inc. on a share for share basis. 
CONVERSION NOTICE 
TO: 
Shopify Inc. 
The undersigned registered holder of the Class B Multiple Voting Shares
represented by this certificate irrevocably elects to convert such shares (or of such shares*) into Class A Subordinate Voting Shares of Shopify Inc. 
*If less than
the full number of Class B Multiple Voting Shares represented by this certificate are to be converted, indicate in the space provided the number of Class B Multiple Voting Shares to be converted. 
Dated: 
*

Witness 
Signature 
(Name) 
(Address) 
(City and Province) 
*NOTICE: The signature to this conversion notice must correspond exactly
with the name as written on the face of the certificate or be that of the registered holder’s duly authorized attorney. To be delivered to Computershare Investor Services Inc., Toronto. 
SECURITY INSTRUCTIONS - INSTRUCTIONS DE SECURITE 
THIS IS WATERMARKED PAPER, DO NOT ACCEPT
WITHOUT NOTING WATERMARK. HOLD TO LIGHT TO VERIFY WATERMARK. PAPIER FILIGRANE, NE PAS ACCEPTER SANS VERIFIER LA PRESENCE DU FILIGRANE. POUR CE FAIRE. PLACER A LA LUMIERE. 
The IRS (Internal Revenue Service) requires cost basis reporting of securities acquired for U.S. residents after January 1, 2011. For more information, please visit www.irs.gov.

L’IRS (Internal Revenue Service) exige la declaration du prix de base des titres acquis pour les residents des Etats-Unis apres le 1er janvier 2011. Pour plus
d’informations, veuillez visiter le www.irs.gov. 
015BCC