Document:

EX-10.9

 Exhibit 10.9 

FORM OF 
 ALITHYA GROUP
INC. 
 SHARE PURCHASE PLAN 

ARTICLE 1 
 PURPOSE AND
SCOPE 
  

	1.1	 Purpose and Scope of the Plan 

The purpose of this Share Purchase Plan is to encourage and assist Eligible Employees of the Company and Designated Affiliates to acquire a proprietary
interest in the Company by providing Eligible Employees with a convenient and regular method of acquiring Shares without payment of brokerage commissions or service charges. The Plan enables Participants to make regular personal investments in
Shares by way of payroll deductions. The Plan also provides for matching employer contributions that are also invested in Shares. 

ARTICLE 2 

INTERPRETATION 
  

	2.1	 Definitions 

For purposes of the Plan: 
  

	 	(a)	 “Administrative Agent” means ● or such other agent or other legally permitted company as
may be appointed by the Company from time to time to administer the Plan and act as Administrative Agent under the Plan; 

  

	 	(b)	 “Blackout Period” means a routine or special trading blackout period imposed by the Company to
restrict trades in the Company’s securities; 

  

	 	(c)	 “Board” means the board of directors of the Company; 

 

	 	(d)	 “Committee” means the Corporate Governance, Nominating and Compensation Committee of the Board
or such other committee of the Board as may be appointed by the Board to administer the Plan in accordance with applicable law, provided, however, that if no Corporate Governance, Nominating and Compensation Committee is in existence at any
particular time and the Board has not appointed another committee of the Board to administer the Plan, all references in the Plan to “Committee” shall at such time be in reference to the Board; 

 

	 	(e)	 “Company” means Alithya Group Inc. and its successors and assigns; 

 

	 	(f)	 “Contributions” means as of any date the aggregate amount of Participant Contributions and
Employer Contributions with respect to any Participant; 

  

	 	(g)	 “Designated Affiliate” means a Related Entity of the Company as designated by the Board for
purposes of the Plan from time to time; 

	 	(h)	 “Eligible Employee” means a Person entitled to participate in the Plan in accordance with
Section 3.2; 

  

	 	(i)	 “Employer” is defined in ARTICLE 7; 

 

	 	(j)	 “Employer Contribution” means the amount contributed by a Participant’s employer on
behalf of the Participant in accordance with ARTICLE 7; 

  

	 	(k)	 “Enrolment Instructions” means instructions with respect to enrolment in the Plan provided in
the manner made available by the Company or the Administrative Agent; 

  

	 	(l)	 “Initial Enrolment Time” means the earliest time Enrolment Instructions will be effective, as
selected by the Company in its sole discretion; 

  

	 	(m)	 “Limits of Matching Contributions” means the following: 

 

	 	(i)	 1% of the annual gross salary for an Eligible Employee who holds a position other than that of senior
consultant, manager, vice-president or senior vice president or president; 

  

	 	(ii)	 1.5% of the annual gross salary for an Eligible Employee who holds the position of senior consultant;

  

	 	(iii)	 2% of the annual gross salary for an Eligible Employee who holds the position of manager;

  

	 	(iv)	 3% of the annual gross salary for an Eligible Employee who holds the position of vice president; and

  

	 	(v)	 3.5% of the annual gross salary for an Eligible Employee who holds the position of senior vice president and
president of the Company; 

  

	 	(n)	 “Participant” means an Eligible Employee who has elected to participate in the Plan in
accordance with Section 3.3; 

  

	 	(o)	 “Participant Contribution” is defined in Section 4.5; 

 

	 	(p)	 “Person” means any individual, sole proprietorship, partnership, firm, entity, unincorporated
association, unincorporated syndicate, unincorporated organization, trust, body corporate, fund, organization or other group of organized persons, government, government regulatory authority, governmental department, agency, commission, board,
tribunal, dispute settlement panel or body, bureau, court, and where the context requires any of the foregoing when they are acting as trustee, executor, administrator or other legal representative; 

 

	 	(q)	 “Plan” means this Share Purchase Plan as amended, restated, supplemented or otherwise modified
from time to time; 

  
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	 	(r)	 “Rate of Contribution” means up to 10% of the Participant’s Salary, as elected by the
Participant on the Participant’s filing of Enrolment Instructions; 

  

	 	(s)	 “Related Entity” means a Person that is Controlled by or Controls the Company or that is
Controlled by the same Person that Controls the Company; 

  

	 	(t)	 “Salary” means the regular gross annual salary
(pre-tax or other withholdings) paid to an Eligible Employee by the Company or a Designated Affiliate, exclusive of any overtime pay or shift premiums, commissions, vacation pay, bonuses, reimbursements,
disability payments, equity compensation income or similar income, special compensation, allowances or contributions of any kind whatsoever; 

  

	 	(u)	 “Share” means a class A subordinate voting share of the Company; and 

 

	 	(v)	 “Termination Notice” is defined in Section 8.2. 

 

	2.2	 Certain Rules of Interpretation 

 

	 	(a)	 Whenever the Board or, where applicable, the Committee or any
sub-delegate of the Committee is to exercise discretion in the administration of the terms and conditions of this Plan, the term “discretion” means the sole and absolute discretion of the Board or
the Committee or the sub-delegate of the Committee, as the case may be. 

  

	 	(b)	 As used herein, the terms “Article” and “Section” mean and refer to the specified Article
or Section of this Plan. 

  

	 	(c)	 Words importing the singular include the plural and vice versa and words importing any gender include any other
gender. 

  

	 	(d)	 Unless otherwise specified, all references to money amounts are to Canadian currency.

  

	 	(e)	 A Person (first Person) is considered to “Control” another Person (second Person) if the first
Person, directly or indirectly, has the power to direct the management and policies of the second Person by virtue of: 

  

	 	(i)	 ownership of or direction over voting securities in the second Person, 

 

	 	(ii)	 a written agreement or indenture, 

 

	 	(iii)	 being the general partner or Controlling the general partner of the second Person, or 

 

	 	(iv)	 being a trustee of the second Person. 

  
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 ARTICLE 3 

ADMINISTRATION OF THE PLAN 
  

	3.1	 Administration of the Plan 

 

	 	(a)	 Subject to Section 3.1(b) & (c), this Plan will be administered by the Board and the Board has sole
and complete authority, in its discretion, to: 

  

	 	(i)	 interpret the Plan and prescribe, modify and rescind rules and regulations relating to the Plan;

  

	 	(ii)	 exercise rights reserved to the Company under the Plan; 

 

	 	(iii)	 prescribe forms for notices to be prescribed by the Company under the Plan; and 

 

	 	(iv)	 make all other determinations and take all other actions as it considers necessary or advisable for the
implementation and administration of the Plan. 

 The Board’s determinations and actions under this Plan are final,
conclusive and binding on the Company, the Administrative Agent, the Participants and all other Persons. 
  

	 	(b)	 To the extent permitted by applicable law, the Board may, from time to time, delegate to the Committee all or
any of the powers of the Board under the Plan, including the power to sub-delegate, to the extent permitted by applicable law, to any specified officer of the Company all or any of the powers delegated to the
Committee. In such event, the Committee or specified officer will exercise the powers delegated to it by the Board and, if applicable, the Committee in the manner and on the terms authorized by the Board and, if applicable, the Committee. Any
decision made or action taken by the Committee or the specified officer arising out of or in connection with the administration or interpretation of this Plan in this context is final, binding and conclusive on the Company, the Administrative Agent,
the Participants and all other Persons. 

  

	 	(c)	 The Company has appointed the Administrative Agent to purchase and hold Shares on behalf of Participants.

  

	 	(d)	 The Company may change the Administrative Agent and has sole discretion on the selection of the Administrative
Agent. 

  

	3.2	 Eligibility 

All permanent employees of the Company or any Designated Affiliate are eligible to participate in the Plan (each, an “Eligible Employee”).
The Company reserves the right to restrict eligibility or otherwise limit the number of Persons eligible for participation in the Plan at any time. 

  
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	3.3	 Election to Join the Plan 

An Eligible Employee may elect to participate in the Plan by delivering Enrolment Instructions in the manner prescribed by the Company (in its sole
discretion) specifying the Rate of Contribution (expressed as a whole percentage) of the Participant’s Salary to be deducted by payroll deduction and applied towards the purchase of Shares under this Plan. Upon receipt of an Eligible
Employee’s Enrolment Instructions by the Administrative Agent, the Eligible Employee shall be a Participant under the Plan and shall be bound by all the terms and conditions of the Plan. The Enrolment Instructions will include: (i) a
payroll deduction authorization, (ii) a direction to the Company or the Designated Affiliate that employs the Participant, as applicable, to pay the Employer Contribution to the Administrative Agent to hold in the Participant’s account,
and (iii) an authorization to direct the Administrative Agent to establish and operate an account under the Plan in the name of the Participant. The Enrolment Instructions shall also contain a direction to the Administrative Agent to reinvest
all dividends (net of applicable tax withholdings, if any) allocated to the Participant’s account and payable to the Participant (net of applicable tax withholdings, if any) in additional Shares in accordance with Section 5.2. By
delivering Enrolment Instructions, the Participant agrees to be bound by all the terms and conditions of the Plan. 
 The enrolment of Eligible Employees
who submit their duly completed Enrolment Instructions prior to the Initial Enrolment Time, and the commencement of payroll deductions in respect of such Eligible Employees, will begin effective with the start of the first payroll period following
the Initial Enrolment Time. Thereafter, Eligible Employees who are not already Participants may enrol, and Participants who wish to change or suspend their Rate of Contribution may effect such change or suspension, effective as of the next payroll
period that commences at least seven days after the date the Enrolment Instructions are received; provided that if Enrolment Instructions are submitted during a Blackout Period applicable to the Eligible Employee, they will not be effective until
the later of (i) the commencement of the first payroll period following the expiry of the Blackout Period; and (ii) the first payroll period that commences at least seven days after the date the Enrolment Instructions are received. 

An individual may deliver Enrolment Instructions prior to the date the individual qualifies as an Eligible Employee, but the individual’s enrolment shall
not become effective, and the individual shall not be a Participant, until after the individual qualifies as an Eligible Employee. 
 No request for
enrolment received prior to the Initial Enrolment Time shall be effective until the Initial Enrolment Time. 
  

	3.4	 Participant Account 

The Administrative Agent shall establish and maintain a separate account in the name of each Participant and shall record in each such account the amount of
all Participant Contributions made by the Participant, all Employer Contributions made by the Participant’s employer, the number of Shares standing to the credit of the Participant and any cash balance standing to the credit of the Participant.
Although the Administrative Agent holds Shares on behalf of Participants, the Participant is the actual and beneficial owner of the Shares. 

  
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 ARTICLE 4 

CONTRIBUTIONS TO THE PLAN 
  

	4.1	 Participant Contributions 

An amount equal to the Rate of Contribution specified on a Participant’s Enrolment Instructions shall be deducted from the Participant’s Salary on
each payroll date. 
 The Rate of Contribution contained in the Enrolment Instructions filed by the Participant at the time of the Participant’s
election to join the Plan shall remain in effect until changed by the Participant pursuant to Section 4.4 or until the Participant’s participation in the Plan is terminated. 

 

	4.2	 Leave of Absence 

Participant Contributions will be automatically suspended during any period in which a Participant is in receipt of short-term disability or long-term
disability benefits under a plan sponsored by the Company or the Employer or is on a leave of absence. 
  

	4.3	 Right to Suspend or Limit Participation 

Notwithstanding Section 4.1, the Committee may suspend a Participant’s participation in the Plan or limit or reduce a Participant’s authorized
contribution level to a percentage which is less than the Participant’s specified Rate of Contribution from time to time. Upon the adoption of any such limitation or reduction by the Committee, the Company shall give prompt notice to each
affected Participant. 
  

	4.4	 Changes to and Suspension of a Participant’s Rate of Contribution by a Participant

 Without withdrawing from the Plan, a Participant may deliver new Enrolment Instructions in the manner prescribed by the Company (in
its sole discretion) requesting a: 
  

	 	(a)	 reduction or increase in the Participant’s Rate of Contribution within the limits of the Plan; or

  

	 	(b)	 suspension of contributions to the purchase of Shares under the Plan. 

Any such new Enrolment Instructions will become effective as of the payroll period determined in accordance with Section 3.3. During any period of
suspension, a Participant shall remain a Participant under the Plan and shall remain subject to its terms. 
 No Participant may suspend contributions to
the Plan more than once within any twelve (12) month period. No Participant may increase or reduce his or her Rate of Contribution more than once within any six (6) month period. 

 

	4.5	 Remittance of Participant Contributions 

At the end of each calendar month, the amount deducted from each Participant (the “Participant Contribution”) shall be forwarded to the
Administrative Agent, together with a list showing for each Participant the amount of the Participant Contribution. All Participant Contributions shall be invested by the Administrative Agent in Shares in accordance with Section 5.1. 

  
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	4.6	 Foreign Exchange 

Any Participant Contributions or Employer Contributions made in a currency other than the currency in which the Administrative Agent will be purchasing Shares
(which currency shall be determined in the sole discretion of the Company) will be converted by the Company, or in such manner as the Company may determine in its sole discretion, at the applicable prevailing rate at the time of conversion. 

ARTICLE 5 
 INVESTMENT OF
CONTRIBUTIONS 
  

	5.1	 Investment of Contributions 

 

	 	(a)	 All accumulated Contributions with respect to a Participant as of the last day of each calendar month
shall be invested by the Administrative Agent to purchase Shares as promptly as practical following receipt thereof. Following receipt of Contributions in respect of a particular calendar month, the Administrative Agent shall determine the aggregate
amount of cash available for the purchase of Shares or for reinvestment net of applicable taxes, if any, and the Administrative Agent shall use such amount to purchase, as soon as practical, as agent for the Participants for whom the Administrative
Agent holds Shares and not as principal, the largest number of whole Shares which may be purchased with such aggregate sum. Such Shares shall be purchased on the market in the name of the Administrative Agent or its nominee through a member firm of
a stock exchange on which the Shares are listed at prevailing market prices. The Administrative Agent will allocate purchased Shares (including fractional Shares) to the accounts of the Participants promptly after all the Shares have been purchased.
Any cash remaining in the Participant’s account following such Share purchase will be applied to the purchase of Shares on the Participant’s behalf at the next purchase date. 

 

	 	(b)	 Notwithstanding the provisions of Section 5.1(a), the Administrative Agent may advise its broker to, in
its discretion, acting reasonably, limit the daily volume of purchases of Shares or cause such purchases to be made over several trading days to the extent that such action is deemed by it to be necessary to avoid disrupting the market price for the
Shares or otherwise be in the best interests of the Company. 

  

	 	(c)	 If the Administrative Agent is unable to purchase a sufficient number of Shares as of any date, the
Administrative Agent shall purchase Shares as they become available and shall allocate the Shares so purchased to Participant accounts in order of the payroll period of which the Contributions were received by the Administrative Agent.

  

	 	(d)	 The Administrative Agent will allocate purchased Shares and any uninvested cash balance (until such cash
balance becomes sufficient to purchase additional Shares) to Participants’ accounts to reflect Contributions invested on behalf of the Participants. No interest will be paid on any uninvested cash balance in a Participant’s account.

  
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	 	(e)	 All Shares purchased for and allocated to a Participant’s account are immediately vested in the
Participant. 

  

	5.2	 Net Dividends and Warrants, Options and Other Rights Respecting Shares 

Cash dividends net of applicable tax and other withholdings received by the Administrative Agent on Shares held on behalf of a Participant shall be invested
by the Administrative Agent in Shares in accordance with Section 5.1 and credited to Participant accounts. Share dividends received by the Administrative Agent on behalf of Participants will be credited to the Participants’ accounts.
The Company has no obligation to declare or pay dividends on Shares and nothing in this Plan shall be interpreted as creating such an obligation. 

All warrants, options or rights received by the Administrative Agent on Shares held on behalf of Participants shall be sold by the Administrative Agent on
behalf of the Participants. The proceeds from the sale of any options, rights or warrants shall be used to purchase additional Shares which shall be invested by the Administrative Agent in Shares in accordance with Section 5.1 and credited to
Participants’ accounts. 
  

	5.3	 Brokerage Costs for Acquisitions 

Subject to Sections 6.1(a) & (b) and 6.2, the Company shall pay all expenses incurred in connection with the administration of this Plan. The Company
shall be responsible for the brokerage costs incurred by the Administrative Agent in acquiring Shares in accordance with Section 5.1. 
  

	5.4	 Share Certificates 

Shares representing the aggregate holdings beneficially owned by all Participants participating in the Plan shall be registered in the name of the
Administrative Agent or its nominee and shall be held by the Administrative Agent or its nominee on behalf of, and as agent for, each Participant until withdrawn or sold in accordance with the terms of this Plan. Share certificates will not be
issued to Participants except on withdrawal of Shares and the Participant shall be responsible for any costs of withdrawal including the cost of preparing a share certificate. 

 

	5.5	 Voting of Shares 

The Administrative Agent shall deliver to Participants for whom it holds Shares all notices of meetings and proxy materials distributed by the Company to its
shareholders together with a voting instruction form. The whole number of Shares in each Participant’s account will be voted in accordance with instructions given to the Administrative Agent by the Participant. Instructions by a Participant to
the Administrative Agent shall be in such form and delivered pursuant to such regulations as the Administrative Agent may prescribe, and any such instructions to the Administrative Agent shall remain in the strict confidence of the Administrative
Agent. If the Administrative Agent does not receive timely and proper instructions from a Participant regarding the voting of Shares in the Participant’s account, such Shares shall not be voted. 

 

	5.6	 Deposit of Shares 

The Administrative Agent shall not tender or deposit Shares held on behalf of a Participant to any issuer bid, take-over bid or other transaction (other than
pursuant to a compulsory exchange or acquisition) except in accordance with the instructions given to the Administrative Agent in writing by the Participant. 

  
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 ARTICLE 6 

WITHDRAWAL OF SHARES 
  

	6.1	 Withdrawal or Sale of Shares 

 

	 	(a)	 At any time, a Participant may, in the manner prescribed by the Administrative Agent, direct the Administrative
Agent to sell as agent for and on behalf of the Participant all Shares or any number of whole Shares in the Participant’s account. The Administrative Agent shall forthwith sell the number of Shares specified by the Participant rounded down to
the nearest whole number and the proceeds of disposition for such Shares (net of applicable taxes and other withholdings and transaction and brokerage costs) will be distributed to the Participant within fifteen business days after the applicable
settlement date. 

  

	 	(b)	 At any time, a Participant may, using a form prescribed by the Administrative Agent, make a request to withdraw
all Shares or any number of whole Shares which are eligible for withdrawal in the Participant’s account. Following such request, the Administrative Agent shall effect an electronic transfer to a brokerage account in the name of the Participant,
covering the number of withdrawn Shares specified by the Participant rounded down to the nearest whole number. 

  

	 	(c)	 A direction to sell or request to withdraw Shares will only apply to Shares already credited to the
Participant’s account at the time the request is made. For clarity, Participants may not provide standing instructions requesting that purchased Shares be sold or certificated or electronically transferred to a brokerage account, but must
submit a new direction or request after Shares have been credited to the Participant’s account. 

  

	 	(d)	 In the event that a Participant requests the sale or withdrawal of a fractional Share or all whole Shares in
the Participant’s account have been withdrawn or sold, the Administrative Agent will issue to the Participant a cheque for the fair value, as reasonably determined by the Administrative Agent, of any fractional Share remaining in the
Participant’s account. 

  

	 	(e)	 Notwithstanding the foregoing, a Participant may not sell or withdraw Shares pursuant to Sections 6.1(a)
or 6.1(b) until (i) in the case of Employer Contributions, the date that is six months following the date the Shares relating to the Employer Contribution were recorded to the account of the Participant; and (ii) in the case of Shares
related to dividends from Shares purchased with Employer Contributions that have been credited to a Participant’s account in accordance with Section 5.2, the date that is six months following the date the underlying Shares to which the
dividends relate were recorded to the Participant’s account. Any Participant who does not comply with this Section 6.1(e) will not be entitled to any Employer Contributions pursuant to ARTICLE 7 for the three months following any such
non-compliance. 

  
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	6.2	 Brokerage Costs 

The Participant shall be responsible for the administration and brokerage costs incurred by the Administrative Agent in selling Shares on behalf of the
Participant, as well as any costs associated with issuing share certificates or facilitating electronic broker transfers in accordance with Section 6.1(a) and (b) and any other costs, fees, expenses or taxes associated with the sale of any
Shares on behalf of the Participant. The Participant authorizes the Administrative Agent to deduct from any amount distributed to the Participant pursuant to a sale of Shares the total of any and all brokerage or other costs associated with such
sale. 
 ARTICLE 7 

MATCHING CONTRIBUTIONS 
 The Company or the
Designated Affiliate employing a Participant (in either case, the “Employer”) shall, at the end of each calendar month, contribute on behalf of the Participant (other than an individual whose participation in the Plan is terminated
prior to the end of the applicable month, whether pursuant to Section 8.1 or 8.2, an amount equal to the Participant’s Participant Contribution for that calendar month (subject to the Limits of Matching Contributions, including the maximum
Rate of Contribution). For clarity, any individual whose participation in the Plan is terminated prior to the end of a calendar month, whether pursuant to Section 8.1 or 8.2, will not be entitled to any Employer Contributions for that month.
All Employer Contributions shall be forwarded to the Administrative Agent, together with a listing of Employer Contributions remitted for each Participant. Any Employer Contributions shall be regarded as additional compensation paid to the
Participant and any taxes payable to any jurisdiction with respect thereto shall, where required, be withheld from the salary or other compensation payable to the Participant. 

For purposes of this Plan, a Participant ceases to be employed on the date specified by the Employer acting reasonably, regardless of any period of reasonable
notice or pay in lieu of notice that the Employer may be required by law to provide to the Participant. 
 ARTICLE 8 

TERMINATION OF PARTICIPATION 
  

	8.1	 Automatic Termination 

A Participant’s participation in the Plan shall be terminated immediately upon: 
  

	 	(a)	 the Participant’s death; 

 

	 	(b)	 the Participant’s cessation of active employment with the Employer for any reason (including retirement or
permanent disability), unless upon such cessation the Participant is employed with the Company or another Designated Affiliate and otherwise still satisfies the requirements to qualify as an Eligible Employee; 

 

	 	(c)	 any judgment, attachment, garnishment or other court order affecting the Participant’s compensation or the
Participant’s account under the Plan is filed or levied upon the Company, a Related Entity, the Employer or the Administrative Agent or the Participant is legally adjudged incompetent or becomes bankrupt; or 

  
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	 	(d)	 the Employer ceasing to be a Designated Affiliate of the Company. 

 

	8.2	 Voluntary Termination by Participant and Election to Re-join the
Plan 

  

	 	(a)	 A Participant may terminate his or her participation in the Plan at any time by giving notice in the manner
prescribed by the Company (in its sole discretion) (the “Termination Notice”). The Participant’s Participant Contributions will cease effective as of the first day of the next payroll period that is at least seven days after
the date on which the Termination Notice is received; provided that if the Termination Notice is submitted during a Blackout Period applicable to the Eligible Employee, it will not be effective until the later of (i) the commencement of the
first payroll period following the expiry of the Blackout Period; and (ii) the first payroll period that commences at least seven days after the date the Termination Notice is received. 

 

	 	(b)	 Where a Participant has elected to voluntarily terminate his or her participation in the Plan in accordance
with Section 8.2(a), he or she may elect to re-join the Plan by delivering Enrolment Instructions in the manner prescribed by the Company (in its sole discretion) and in accordance with Section 3.3
herein so long as he or she is an Eligible Employee at the time of such delivery. 

  

	8.3	 Withdrawal on Termination 

Within thirty (30) days following the termination of a Participant’s participation in the Plan under Sections 8.1 or 8.2 herein, the Participant
will be paid the full balance of his or her account (without interest) as follows: 
  

	 	(a)	 a share certificate representing the whole number of Shares held in the Participant’s account;

  

	 	(b)	 a cash payment for any fractional Shares held in the Participant’s account based on the average price at
which Shares were purchased by the Administrative Agent in accordance with Section 5.1 immediately following termination of the Participant’s participation in the Plan; and 

 

	 	(c)	 reimbursement of any uninvested cash held in the Participant’s account. 

If a Participant’s participation in the Plan is terminated under Section 8.1 or 8.2 at least seven days prior to a date for the purchase of Shares
pursuant to Section 5.1, any Participant Contribution which has not yet been applied towards the purchase of Shares, (i) in the case of Section 8.1, as of the date the Participant’s participation in the Plan has been terminated,
and (ii) in the case of Section 8.2, as of the date the Termination Notice is received by the Company or the Administrative Agent, as applicable, shall be returned to the Participant as soon as practical. 

  
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 ARTICLE 9 

GENERAL 
  

	9.1	 Amendment, Suspension or Termination of the Plan 

The Plan may be amended by the Board at any time in accordance with applicable securities laws or exchange rules, and without shareholder approval unless
required by such laws or rules. 
 The Board may also suspend the Plan in whole or in part from time to time or terminate the Plan at any time. However, any
amendment, suspension or termination shall not adversely affect the entitlement of the Participants to the full balance of their accounts, without their written consent. Written notice of any suspension or termination of the Plan will be sent to
each Participant. If the Company terminates the Plan, the provisions of Section 8.3 herein will apply. 
 The Company may at any time terminate payroll
deductions for all Participants. Notwithstanding such termination, Employer Contributions relating to Participant Contributions made prior to such termination and reinvestment of dividends and other amounts attributable to Shares in the
Participants’ accounts shall continue until the Participants’ Shares have been withdrawn or sold. 
 This Plan shall automatically terminate
following the day upon which all Shares purchased under the Plan have been withdrawn by Participants or sold for and on behalf of Participants and the net proceeds distributed to the Participants. 

 

	9.2	 Compliance with Laws 

Participants shall cooperate with the Company in complying with any applicable legislation or the rules and regulations of any applicable stock exchange. 

 

	9.3	 Participation is Voluntary; No Additional Rights 

The participation of any Participant in the Plan is entirely voluntary and not obligatory and shall not be interpreted as conferring upon a Participant any
rights or privileges other than those rights and privileges expressly provided in the Plan and do not constitute an express or implied term or in any manner form part of the Participant’s employment contract with the Company or a Designated
Affiliate. In particular, participation in the Plan does not constitute a condition of employment or service nor a commitment on the part of the Company, a Designated Affiliate or a Related Entity to ensure the continued employment or service of the
Participant. Nothing in this Plan shall be construed to provide the Participant with any rights whatsoever to participate or to continue participation in this Plan, or to compensation or damages in lieu of participation, whether upon termination of
the Participant’s employment or otherwise. The Company does not assume responsibility for the personal income tax or other tax consequences for the Participants and each Participant is advised to consult his or her personal tax advisors. 

No Participant has any rights as a shareholder of the Company in respect of any Shares to be purchased under the Plan until the Shares have been purchased and
credited to the account of such Participant. 

  
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	9.4	 No Assignment 

The Plan shall enure to the benefit of and be binding upon the Company, its successors and assigns. The interest of any Participant under the Plan shall not
be transferable, assignable or alienable by him or her either by pledge, assignment or in any manner whatsoever. 
  

	9.5	 Taxes 

In addition to the provisions in ARTICLE 7, the Participant shall be responsible for paying all other income and other taxes applicable to Employer
Contributions, and to dividends received on, and to transactions involving Shares held by the Administrative Agent on his or her behalf. 
  

	9.6	 Market Fluctuations 

No amount will be paid to, or in respect of, a Participant under the Plan to compensate for a downward fluctuation in the price of the Shares, nor will any
other form of benefit be conferred upon, or in respect of, a Participant for such purpose. 
  

	9.7	 Participant Information 

Each Participant shall provide the Company with all information (including personal information) required by the Company in order to administer the Plan. The
Company shall require that the Administrative Agent not use the personal information it receives in connection with this Plan except for purposes of the administration of this Plan and the performance of its obligations as Administrative Agent and
to maintain procedures and security safeguards over such personal information with the same level of protection it affords to others for whom it performs employee compensation plan administrative services. Each Participant acknowledges that
information required by the Company in order to administer the Plan may be disclosed to the Administrative Agent and other third parties, and may be disclosed to such Persons (including Persons located in jurisdictions other than the
Participant’s jurisdiction of residence), in connection with the administration of the Plan. Each Participant consents to such disclosure and authorizes the Company to make such disclosure on the Participant’s behalf. 

 

	9.8	 Indemnification 

Every director of the Company will at all times be indemnified and saved harmless by the Company from and against all costs, charges and expenses whatsoever
including any income tax liability arising from any such indemnification, that such director may sustain or incur by reason of any action, suit or proceeding, taken or threatened against the director, otherwise than by the Company, for or in respect
of any act done or omitted by the director in respect of this Plan, such costs, charges and expenses to include any amount paid to settle such action, suit or proceeding or in satisfaction of any judgement rendered therein. 

 

	9.9	 Withholdings 

If at any time the Company or the Employer determines, in its discretion, acting reasonably, that the satisfaction of withholding tax or other withholding
liabilities is necessary in connection with any purchase, sale or withdrawal of Shares or any Employer Contribution, the Company or the Employer, as applicable, may: 

  
 - 13 - 

	 	(a)	 withhold the minimum amount required to be remitted from any remuneration or other amount payable by it or a
Designated Affiliate to the Participant; 

  

	 	(b)	 require that a Participant pay such amount to the Company or the Employer; 

 

	 	(c)	 require the sale of a number of Shares in the Participant’s account and the remittance to the Company or
the Employer of the net proceeds from such sale sufficient to satisfy such amount; or 

  

	 	(d)	 enter into other suitable arrangements for the receipt of such amount. 

 

	9.10	 Power to Manage the Company 

The existence of this Plan does not affect in any way the right or power of the Company or its shareholders to make, authorize or determine any change in the
Company’s capital structure or its business, or any amalgamation, combination, arrangement, merger or consolidation involving the Company, to create or issue any debt instruments, Shares or other securities of the Company or to determine the
rights and conditions attaching thereto, to effect the dissolution or liquidation of the Company or any sale or transfer of all or any part of its assets or business, or to effect any other corporate act or proceeding, whether or not any action
referred to in this subsection would have an adverse effect on this Plan or on any Share purchased hereunder. 
  

	9.11	 Right to Terminate Employment 

Neither this Plan nor any action taken hereunder shall interfere with the right of the employer of any Participant to terminate such Participant’s
employment at any time. Further, neither this Plan nor any action taken hereunder shall be construed as a guarantee of future employment. 
  

	9.12	 Electronic Documents 

The Company and the Administrative Agent may from time to time establish procedures for (i) the electronic delivery of any documents that the Company may
elect to deliver (including, but not limited to, plan documents, the Enrolment Instructions and all other forms of communications) in connection with participation in the Plan, (ii) the receipt of electronic or telephonic instructions from
Participants and/or (iii) an electronic signature system for delivery and acceptance of any such documents. Compliance with such procedures shall satisfy any requirement to provide documents in writing and/or for a document to be signed or
executed. 
  

	9.13	 Effective Date of the Plan 

This Plan became effective on ●, 2018. 
  

	9.14	 Governing Law 

This Plan and any Shares purchased hereunder shall be governed and construed in accordance with the laws of the Province of Québec. The Company and
each Participant irrevocably submits to the exclusive jurisdiction of the courts of competent jurisdiction in the Province of Québec in respect of any action or proceeding relating in any way to the Plan. 

  
 - 14 -EX-10.10

 Exhibit 10.10 

March 27, 2017 
 Alithya Group Inc. 

2875 boul. Laurier, office 1250 
 Quebec (Quebec) G1V 2M2 

Subject: Credit Facilities 
 Canadian Imperial Bank of Commerce
(“CIBC”) is pleased to establish the following credit facilities in favor of Alithya Group Inc. Alithya Consulting Inc., Systemware Innovation Corporation and Pro2p Services Conseils Inc. (the “Borrower”). 

 

			
	 Operating credit

		
	Credit limit:	  	$16,000,000
		
		  	This limit is shared between Alithya Group Inc., Alithya Consulting Inc., Systemware Innovation Corporation and Pro2p Services Conseils Inc.
		
	Basis of Borrowing:	  	Notwithstanding the limit of this credit specified above, the outstanding amount of Canadian dollar loans and US dollar loans under this Letter and the outstanding amount of Acceptances under the Letter of Credit. of documentary
credit and the total amount of the outstanding balance of letters of credit issued and outstanding under demand credit for standby letters of credit plus the outstanding balance of all payments made under such letters of credit must never
exceed:
		
		  	(i) 85% of the Value of Government Accounts receivable, up to 120 days, plus
		
		  	(ii) 80% of the Value of the designated accounts receivable, such as financial institutions and/or listed companies holding a high investment grade rating up to a maximum of 90 days, plus
		
		  	(iii) 75% of the Value of Eligible Accounts Receivable up to a maximum of 90 days,
		
		  	(iv) net of all Priority Claims.
		
	Purpose:	  	All amounts obtained under this Letter shall be used for expenses incurred in the normal course of business of the Borrower and its wholly-owned Subsidiaries that have secured this credit.

			
	Description and rates:	  	Revolving credit, available as follows:
		
		  	 •   loans in Canadian dollars, also available by way of overdrafts;

 
 Interest on loans in Canadian dollars is calculated at prime rate
plus 1.35% per annum;
  

•   loans in US dollars, also available by way of overdrafts;

 
 Interest on loans in US dollars is calculated at the rate of US base
plus 1.35% per annum.

	
	Credit on demand for documentary letters of credit (included in Operating Credit)
		
		  	Notwithstanding the individual limits of the Operating Credit on demand, for standby letter of credit and Credit for documentary letters of credit, total credit can never exceed $ 16,000,000.
		
	Credit limit:	  	$3,000,000
		
	Purpose:	  	All letters of credit under this Letter must be used to deal with existing suppliers in the normal course of business of the Borrower.
		
	Description and Rates:	  	Revolving credit, available in the form of documentary letters of credit and related Acceptances denominated in Canadian dollars or US dollars. The total amount of the undrawn balance of the letters of credit issued and Acceptances
outstanding under this Letter and the outstanding balance amount of all payments made under them (including the Canadian dollar equivalent of any such letter of credit or Related Acceptance) should never exceed the credit limit specified above. The
maturity of letters of credit under this credit cannot exceed 12 months
		
	Fees:	  	Expenses associated with letters of credit under this Letter are: calculated at 1.5% per year. The minimum fee for each is $ 300 or US $ 300, whichever is applicable. Borrower reimburse CIBC of its disbursements in respect of all
letters of credit under this credit. Fees associated with the Acceptances under this Letter are calculated at 1.5% per year. The minimum fees for each are $ 300 or US $ 300, whichever is applicable. The Borrower repaysCIBC of its disbursements for
all Acceptances under the terms of this credit.

			
	Receipts and Acceptances:	  	All payments made by CIBC pursuant to the Letters of Credit and the Acceptances under this Vote shall be funded from the proceeds of the loans obtained by the Borrower under its CIBC’s demand operating credit, or, failing that,
to even the funds that the Borrower has deposited with CIBC. All the Acceptances issued pursuant to this appropriation are considered as outstanding under the operating credit on demand of the Borrower, negotiated with CIBC, for the purpose of
calculating authorized amounts by any applicable borrowing base under the demand operating credit, failing which it is secured in another manner that is satisfying to CIBC.
		
	Documents:	  	The usual CIBC documentation for letters of credit is required.
		
	Revocation:	  	ClBC may, at any time, revoke this credit, in whole or in part.
	
	Demand Credit for Standby Letters of Credit (Included in Operating Credit)
		
		  	Notwithstanding the individual limits for the Operating Credit on demand, for standby letter of credit and Credit for documentary letters of credit, total credit can never exceed $ 16,000,000.
		
	Credit limit:	  	$3,000,000
		
	Purpose:	  	All Letters of Credit covered by this Credit must be used in the ordinary course of business of the Borrower.
		
	Description and rates:	  	Revolving credit, available in the form of standby letters of credit denominated in Canadian dollars or US dollars. The total amount of the undrawn balance of the letters of credit issued and outstanding under this Letter and the
outstanding balance of all withdrawals made under terms thereof including the equivalent in Canadian dollars of any Credit must never exceed the specified credit limit above. The maturity of letters of credit under this Letter may not exceed 12
months.
		
	Fees:	  	The fees applicable to financial stand-by L/Cs (i.e. L/C which directly replace the credit and which guarantee, directly or indirectly, the payment of a financial obligation, such as a loan or
the amount payable for property, services or rent) under this Credit is calculated at a rate of 1.00% per annum, while the fees applicable to the issuance of non-financial
stand-by L/C (i.e., all other types of L/C, generally including those relating to contingencies that occur in the normal course of business) are calculated at the rate of 1.50% per annum.

			
		  	The minimum fee for each L/C stand-by under this credit is of $ 300 or US $ 300, depending on the use. In each case, the Borrower reimburses all disbursements by CIBC in respect of all L/C stand-by under this Letter.
		
	Withdrawals:	  	All withdrawals under the letters of credit referred to herein Letter should be financed from the proceeds of loans obtained through the Borrower under its negotiated demand credit from CIBC or, failing that, from the funds that the
Borrower has deposited with CIBC.
		
	Documents:	  	CIBC’s standard documentation for letters of credit is required.
		
	Withdrawal:	  	CIBC may at any time revoke this Letter, in whole or in part part.
		
	Refund:	  	All sums provided for in this credit are refundable without Delay upon CIBC’s request, who may revoke this Letter, in full or in part, at any time.
	
	Securities
		
		  	The following Securities, the form and content of which must be satisfactory to CIBC, are required to secure all obligations, present and future, of the Borrower to CIBC and the CIBC Group Members, respectively (including the
holding of any foreign exchange derivative instrument). In these Securities, all references to obligations, present and future, of the Borrower to CIBC shall be deemed to be references to present and future obligations of the Borrower towards CIBC
and the Members of its Group, respectively.
		
		  	Alithya Group Inc., Alithya Consulting Inc, Systemwarc Innovation Corporation and Pro2p Consulting Services Inc. (the “Guarantors”) cross-corporate endorsement with respect to all of the obligations towards CIBC,
by
		
		  	 •   First movable hypothecs in the amount of $ 20,000,000 on the
universality of movable property, present and future of Alithya Group Inc., Alithya Consulting Inc., Systemware Innovation Corporation and Pro2p Services Conseils Inc., including all receivables, all inventories, all equipment, all intangible rights
(including intellectual property) and all securities, with the exception of CDAEs, where the first rank is granted to IQ;

			
		 	General Security Agreement of priority rank on all personal property, including accounts receipts, inventories, intangible rights (including the intellectual property), equipment and machinery, present and future subsidiaries of
Alithya Group Inc., Alithya Consulting Inc, Systemware Innovation Corporation and Pro2p Services Conseils Inc. registered in Ontario;
		
		 	Guarantees of the Subsidiaries of Alithya Group-inc., present and future (including but not limited to Alithya Consulting SAS, Alithya Consulting USA Inc.,), hereinafter named
“Guarantors”, with respect to all of the Borrower’s obligations to CIBC;
		
		 	An inter-creditors agreement between CIBC, the subordinate lender, Fonds de Solidarité des Travailleurs du Québec (F.T.Q.) and the Borrower, with a view to clarifying the relative rights of the parties to the latter as
creditors of the Borrower (and/or Guarantors);
	
	Covenants
		
	Financial covenants: -	 	The working capital ratio shall be at least 1.05: 1.0 at all times. This ratio will have to be 1.20: 1.0 as at March 31, 2017;
		
		 	The Senior Debt Ratio/EBITDA does not exceed: 3.50: 1.0 at all times. This ratio will have to be 3: 1 as at March 31, 2017;
		
		 	All financial covenants will be calculated on a consolidated basis, taking into account the Borrower and its Subsidiaries, on a quarterly basis. EBITDA will be calculated based on the last 12 months.
		
	Negative covenants:	 	
		
	Expenditure Fixed assets:	 	The Borrower and its Subsidiaries shall not incur expenses in fixed assets in respect of capitalized or capitalized assets or assets, which, calculated in accordance with GAAP, generally exceed $ 200,000 in a given fiscal year,
excluding capital assets specifically incurred for client contracts. An exception of $ 675,000 is granted under the MGAC project with Desjardins.

			
	Restricted Payments:	  	In any given fiscal year, the Borrower and its Subsidiaries will not pay dividends, make payments or make redemptions, pay amounts in respect of the Deferred Debt or make gifts or gratuities to individuals in their group without the
prior written consent of CIBC. An amount of $ 150,000 is authorized for dividends and redemptions of shares. The amounts previously authorized in writing are also exceptions.
		
		  	Sinapse TI Inc’s selling price balance, for all amounts due, will not be refunded without the prior written approval of the Bank by the Borrower.
		
		  	Systemware Innovation Corporation’s selling price balance, in respect of all amounts due, will not be refunded without the prior written approval of the Borrower from the Bank and payments will not cause defaults to financial
ratios.
		
	Charges:	  	The Borrower and its Subsidiaries will not create, assume or accept any Charge on any of their property, except with respect to Charges in the ordinary course of business.
		
	Mergers:	  	The Borrower and its Subsidiaries will not enter into any mergers or other similar transactions without the prior written consent of CIBC. CIBC will not prevent a transaction without a reasonable ground.
		
	Indebtedness:	  	The Borrower and its Subsidiaries shall not create, contract or allow a Debt to exist, except for amounts owing to CIBC under the Loans and any other existing debt at the close of the transaction.
		
	Disposition of Assets:	  	The Borrower and its Subsidiaries will not sell or otherwise dispose of any material property except in connection with sales made at fair market value in the ordinary course of business.
		
	Business Change:	  	The Borrower and Subsidiaries will not change their business respective principal activities without the prior written consent of CIBC.
		
	Change of control:	  	There can be no change in the effective control of the Borrower, as determined by CIBC, for as long as a credit is in force.

			
	Applicable restrictions	  	
	to Assignments:	  	The Borrower and each of its Subsidiaries will not create, accept or tolerate the existence of any Assignment with respect to any property or assets, except the Assignments incurred in the normal course of business transactions and
those previously incurred at the closing of the transaction.
	
	Conditions precedent
		
	Conditions precedent:	  	In addition to the documents specified in Section 5.1 of Appendix A herein attached, CIBC’s obligation to offer any credit is conditional on CIBC receiving the following documents, in the form and content to be
satisfactory to CIBC:
		
		  	 •   Conditions related to the sales balance of Blue Jay will be
satisfactory to CIBC.

		
	Obligations to communicate	  	
		
		  	The Borrower provides the following documents to CIBC:
	~	  	
		  	 •   within 30 days of the end of each month, a monthly statement of the
credit limit available, which will include details of the priority claims and government tax credits receivable eligible

		
		  	 •   within 30 days of the end of each month, a chronological accounts
receivable report and an accounts payable report;

		
		  	 •   within 30 days of the end of each financial quarter, the consolidated
financial statements of the Borrower for this quarter, prepared in accordance with GAAP;

		
		  	 •   within 30 days of each financial quarter, a certificate of compliance
with the Financial Covenants

		
		  	 •   within 120 days of the end of each financial year, the audited
consolidated financial statements and unaudited financial statements of the Borrower and its Subsidiaries for the related financial year, prepared in accordance with GAAP;

		
		  	 •   within 120 days of the end of each financial year, a business plan and
a forecast for the Borrower and its Subsidiaries, for next fiscal year, including balance sheets, income statements and projected monthly cash flows, as well as the calculation of financial covenants for this upcoming year;

			
		  	 •   Promptly from the moment they are known, the details of any default by
the Borrower, its Subsidiaries and/or the Guarantors in the performance or observance of any of their covenants or agreements in favor of CIBC or another financial institution;

		
		  	Any other information concerning the Borrower, its Subsidiaries and/or Guarantors, which CIBC can reasonably require.
		
	Fees	  	
		
	Annual fees:	  	Fees of $ 16,000, payable on or before August 31 of each year.
		
	Change fee:	  	$ 500 fee, or 10 basis points if it is a credit limit increase.
		
	Supervisory fee:	  	$ 250 per month, payable monthly in arrears.
		
	Other provisions	  	
		
	Appendix A:	  	Schedule A attached to this Agreement, which contains certain additional provisions applicable to appropriations and certain definitions, forms part of integral part of this Letter.
		
	Interest on payouts Excess:	  	The interest rate applicable to any disbursement under a loan that exceeds the limit of this credit corresponds to the Interest Rate applicable to amounts in excess of the credit limit, as specified in Annex A attached hereto.
Interest on excess disbursements in Canadian dollars is calculated at Prime Rate plus 5.0% per annum. Interest on Excess Disbursements in US Dollars at Base Rate US is calculated at US Base Rate plus 5.0% per annum.
		
	Payment dates of interest:	  	Except interest on amounts in default, which is payable on demand or as otherwise specified herein or in Schedule A attached hereto, interest and fees are calculated and payable monthly, not in advance, the day of each month that
CIBC determines.
		
	Authorized Debits:	  	Borrower Authorizes CIBC to Debit Operating Account interest, fees or other amounts owing to the CIBC with respect to the credits, when these amounts become due.
		
	Full Agreement:	  	This letter supersedes all discussions, letters and agreements (if any) specifying the terms of a credit facility established by CIBC in favor of the Borrower.

 By your signature hereof, you acknowledge that (a) you have read the present and all the documents
attached to it (including Appendix A—Definitions and Supplementary Provisions), (b) have obtained from CIBC all the information, information and explanations requested on such documents, c) you fully understand the meaning and scope of such
documents, d) have negotiated freely between you and CIBC and, therefore, do not constitute membership contract and finally e) CIBC has the power and authority to communicate and transmit to any surety present or future information about you. 

Please indicate that you accept the foregoing by signing this Letter and returning the attached duplicate to the undersigned by April 30, 2017. 

 

	
	CANADIAN IMPERIAL BANK OF COMMERCE
	
	/s/ Vincent Duval Bourgault
	Name: Vincent Duval Bourgault
	Title: Authorized Signatory
	
	/s/ David Bouchard
	David Bouchard
	Title: Authorized Signatory

 Accepted on March 27, 2017 

2875 boul. Laurier, 
 Suite 1250 

Quebec (Quebec) G 1 V 4M2 
 We hereby acknowledge that we have
read the this letter and 
 agree to be bound by the terms and conditions present. 
  

	
	Alithya Group Inc.
	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO

	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	Alithya Consulting Inc.
	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	Systemware Innovation Corporation
	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	Pro2p Services Conseils Inc.
	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	We hereby acknowledge that we have read the this letter and agree to be bound by the terms and conditions present.
	
	Alithya Consulting SAS (the “Guarantors”)
	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO

	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	 Alithya Consulting USA inc.
 (the
“Guarantors”)

	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	Alithya Group Inc.
	(the “Guarantors”)
	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	 Alithya Consulting Inc.
 (the
“Guarantors”)

	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary
	
	 Systemware Innovation Corporation
 (the
“Guarantors”)

	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary

	
	 Pro2p Services Conseils Inc.
 (the
“Guarantors”)

	
	/s/ Paul Raymond
	Name: Paul Raymond
	Title: President & CEO
	
	/s/ Marc Cantin
	Name: Marc Cantin
	Title: Vice President Legal Affairs and Secretary

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