Document:

Employment Agreement between SMART Technologies ULC. and Jeffrey Losch

 Exhibit 10.11 

AMENDED AND RESTATED 

EXECUTIVE EMPLOYMENT AGREEMENT 

THIS AGREEMENT made as of the 1 day of June, 2010. 

BETWEEN: 
 SMART TECHNOLOGIES
INC., a body corporate, with its office in the Province of Alberta (hereinafter referred to as the “Corporation”) 

OF THE FIRST PART 

AND 
 Jeffrey
Losch of the City of Calgary, in the Province of Alberta (hereinafter referred to as the “Executive”) 
 OF
THE SECOND PART 
 WHEREAS the parties wish to outline and confirm the terms and conditions of their employment
relationship in this Executive Employment Agreement (this “Agreement”); 
 NOW THEREFORE in
consideration of the premises, the payment of the sum of ONE ($1.00) DOLLAR by each party to the other, the mutual covenants and agreements hereinafter contained and other good and valuable consideration (the receipt and sufficiency which is hereby
acknowledged) the parties have agreed and this Agreement witnesses as follows: 
 ARTICLE 1 

TERM OF EMPLOYMENT 
 1.1
The Corporation agrees to continue to employ the Executive in the capacity of Vice President, Legal and General Counsel and the Executive agrees to continue to perform the duties required of the Executive in accordance with this Agreement.

 1.2 The Corporation agrees to continue to employ the Executive in the capacity of Vice President, Legal and General Counsel continuing
indefinitely until terminated in accordance with this Agreement. 
 ARTICLE 2 

DUTIES 
 2.1 The
Executive shall continue to serve the Corporation in the capacity of Vice President, Legal and General Counsel and shall continue to perform the duties, initially as outlined in Schedule A and as

 
determined from time to time by CEO and/or the Board of Directors of the Corporation, to the best of the Executive’s ability and hereby covenants to use the Executive’s best efforts to
promote the interests of the Corporation. 
 2.2 The Executive shall also continue to serve as Vice President, Legal and General Counsel of the
Corporation’s wholly owned subsidiary; SMART Technologies ULC. 
 2.3 The Executive agrees to devote the Executive’s full time and
attention to the business and affairs of the Corporation and shall not, without the consent of the Board of Directors of the Corporation, undertake during the course of the Executive’s employment any other business or occupation or become a
director, officer, consultant, advisor, employee, or agent of another company, firm or proprietorship. 
 ARTICLE 3 

 REMUNERATION, BENEFITS AND OTHER 

3.1 The Executive shall receive an annual salary (“Annual Salary”) of CDN$265,016 less statutory deductions payable in equal instalments in
arrears on a bi-weekly basis. The salary of the Executive will be reviewed on an annual basis, and may, in the absolute discretion of the Compensation Committee of the Board of Directors of the Corporation, be increased from time to time.

 3.2 In addition to the Annual Salary provided for in Article 3.1, the Executive may also receive an annual bonus, the payment of terms and
potential amount of is which are described in the Discretionary Management Bonus Program and as approved by the CEO and/or Compensation Committee of the Board of Directors. 

3.3 In addition to the Annual Salary provided for in Article 3.1, the Executive shall be entitled to receive the following perquisites as further
described in Schedule A and in the Corporation’s benefit material and Corporate policy documents (as amended from time to time): 
  

	 	(a)	participation in the benefit plan adopted by the Corporation for all employees, and as amended from time to time; 

 

	 	(b)	paid vacations of three (3) weeks per year and additional time off in accordance with the Corporation’s Paid Time Off policy, as amended from time to time,
the Executive shall have regard to the business of the Corporation; 

  

	 	(c)	eligibility to participate in a non-cash stock-based long-term incentive plan on the terms and conditions approved by the Corporation’s Board of Directors, as may
be amended from time to time; 

  

	 	(d)	eligibility to participate programs specified in the 2010 Equity Incentive Program on the terms and conditions approved by the Corporation’s Board of Directors, as
may be amended from time to time; and 

  

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	 	(e)	participation in such other plans as may be adopted by the Corporation for all employees and as amended from time to time. 

3.4 The Executive shall be reimbursed for all reasonable out-of-pocket expenses actually and properly incurred by the Executive in connection with the
Executive’s duties hereunder. For all such expenses the Executive shall furnish to the Corporation statements and vouchers as and when required by it. 

ARTICLE 4 

TERMINATION OF THIS AGREEMENT 

4.1 The Corporation may terminate the Executive’s employment and this Agreement for just cause at any time without notice and without any payment to
the Executive whatsoever, save and except only for payment of the pro rata Annual Salary earned for services rendered up to and including the last day actually worked by the Executive, and any accrued and unused vacation pay. If the Executive’s
employment and this Agreement is terminated for just cause the Executive shall not be entitled to any bonus or pro rata bonus payment. 
 4.2
The Executive can resign from the Executive’s employment and terminate this Agreement by providing the Corporation with one (1) months’ written notice of the resignation date. If the Executive so resigns, the Executive is not entitled
to any severance compensation nor is the Executive entitled to any bonus or pro rata bonus payment. 
 4.3 The employment of the Executive and
the Corporation’s obligation to compensate the Executive with respect to employment will terminate: 
  

	 	(a)	upon mutual written agreement of the parties; or 

  

	 	(b)	upon the death of the Executive. 

 4.4 The
Corporation may immediately terminate this Agreement and the Executive’s employment, for any reason other than the reasons in Articles 4.1, 4.2 and 4.3, and the Corporation shall pay the Executive, subject to the condition in Article 4.8,
within five (5) business days of the Executive’s last day actively at work (the “Termination Date”) for the Corporation, the following: 
  

	 	(a)	the pro rata Annual Salary earned, but not yet paid, up to the Termination Date; 

 

	 	(b)	all vacation accrued and unused as of the Termination Date to be calculated in accordance with the Corporation’s policies and procedures; 

 

	 	(c)	subject to Article 4.4(e), a retiring allowance calculated on the following basis (the “Retiring Allowance”): 

 

	 	(i)	 one-quarter
( 1/4) of the Executive’s then Annual
Salary, plus an additional one-twelfth
( 1/12) of the Executive’s then Annual
Salary for each year or part year employed with the Corporation, less required withholdings; plus 

  

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	 	(ii)	 one-quarter
( 1/4) of the average of all bonuses paid to
the Executive in the three (3) years prior to the Termination Date (the “Prior Bonus”), or an average of the prior years bonuses payable if less than three (3) years, plus an additional one-twelfth
( 1/2) of the Prior Bonus for each year or part
year employed with the Corporation, less required withholdings; and 

  

	 	(d)	in consideration of the termination of all benefits and perquisites effective the Termination Date as contemplated in Article 4.7 hereof, an additional payment that is
equal to the product of five hundred dollars ($500) times the number of years that an Executive was employed with the Corporation (where a part year is considered to be a full year) provided that in no event shall such multiple be less than nine
(9) years; 

  

	 	(e)	notwithstanding the foregoing, in no event shall the Retiring Allowance be: 

 

	 	(i)	 less than the aggregate of one-half
( 1/2) of the Executive’s then Annual
Salary and one half ( 1/2) of the Prior Bonus;
or 

  

	 	(ii)	greater than the aggregate of two (2) times the Executive’s then Annual Salary and two (2) times the Prior Bonus. 

4.5 If, the Corporation terminates this Agreement and the Executive’s employment, for any reason other than the reasons in Articles 4.1, 4.2 and
4.3, within twelve (12) months following or within three (3) months preceding a Change of Control (as defined in Schedule “B”), the Corporation shall within five (5) business days of the Termination Date (if following a
Change of Control) or within five (5) business days of the effective date of the Change of Control (if termination precedes a Change of Control), pay to the Executive, subject to the condition in article 4.8, the payments provided for above in
Article 4.4 (a), (b) and (d), and in addition a retiring allowance calculated on the following basis: 
  

	(a)	If the Executive has been employed with the Corporation for less than five (5) years, an amount equal to one (1) times the Executive’s then Annual Salary
plus one (1) times the Prior Bonus. In the case of the first year of employment where there has been no Prior Bonus, the Prior Bonus will be deemed to be 100% of the available bonus provided that the company performance conditions are met as
outlined in the Discretionary Management Bonus Program, participation in which the Executive has accepted. In the case of the second year of employment, and where the Prior Bonus was based on less than a full year of employment, the Prior Bonus will
be annualized, or 

  

	(b)	If the Executive has been employed with the Corporation for five (5) years or more and less than eight (8) years, a payment equal to one and a half times
(1.5) times the Executive’s then Annual Salary plus one and a half (1.5) times the Prior Bonus; or 

  

	(c)	If the Executive has been employed with the Corporation for eight (8) or more years, a payment equal to two (2) times the Executive’s then Annual Salary
plus two (2) time the Prior Bonus. 

 4.6 The parties agree that because there can be no exact measure of the damages that
the Executive would incur as a result of the termination of this Agreement and employment, the retiring allowance payment contemplated in Articles 4.4 and 4.5, would be deemed to constitute liquidated damages and not a penalty, and the Corporation
agrees that the Executive will not be required to mitigate the Executive’s damages. 
  

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 4.7 The Executive understands and agrees that all benefits of employment, including long-term disability
coverage, will cease as of the Termination Date, and the Corporation has no liability for any damages caused by the cessation of such benefits regardless of the reason for termination or resignation. The Corporation has no obligation to extend
benefit coverage past the Termination Date. 
 4.8 The Executive agrees that, in exchange for the payments contemplated in Articles 4.4 and 4.5,
as the case may be, that the Executive shall sign a full and final release in favor of the Corporation, in a form satisfactory to the Corporation, acting reasonably, and provided such release shall not apply to any obligations of the Corporation to
the Executive under indemnity agreement or directors’ and officers’ liability insurance contracts providing coverage for claims made against directors and officers acting in their capacity as directors and officers of the Corporation.

 Notwithstanding the termination of the Executive’s employment, or the manner of termination, the provisions of Articles 5 and 6 of this
Agreement shall survive such termination. 
 ARTICLE 5 

PERSONAL COVENANTS AND POST-TERMINATION OBLIGATIONS 

5.1 The Executive has carefully read and considered the provisions of this Article 5 and, having done so, agrees that the restrictions set forth in this
Article are fair and reasonable, and are reasonably required for the protection of the interests of the Corporation. The Executive recognizes and agrees that as an employee and executive of the Corporation, the Executive will become knowledgeable,
aware and possessed of confidential information. The Executive acknowledges and agrees that the Corporation is the sole and exclusive owner and proprietor of all such confidential information, and that the Executive owes a fiduciary duty to the
Corporation that includes, without limitation, a duty to ensure that confidential information is and remains at all times confidential. 
 5.2
Non-Competition 
  

	 	(a)	 The Executive further acknowledges that in the course of employment the Executive will be assigned duties that will give the Executive knowledge of
confidential and proprietary information which relates to the conduct and details of the Corporation’s business including the Corporation’s customers and marketing programs and which may result in irreparable injury to the Corporation if
the Executive could enter into the employment of a business which is the same as or similar to and which is competitive to the Business (as Business is hereinafter defined) of the Corporation. The Executive agrees with, and for the benefit of, the
Corporation that the Executive shall not without the prior written approval of the Board of Directors of the Corporation during the term of the Executive’s employment with the Corporation or at any time within the period of one (1) year
following the date of cessation of the Executive’s employment with the Corporation, however caused, either as an individual or as a partner or joint venturer or otherwise in conjunction

  

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with any person or persons, firm, association, syndicate, company or corporation, as principal, agent, consultant, director, officer, employee, investor or in any other manner whatsoever,
directly or indirectly, carry on, be engaged in, be interested in, or be concerned with, or permit the Executive’s name or any part thereof to be used or employed by any such person or persons, firm, association, syndicate, company or
corporation, carrying on, engaged in, interested in or concerned with, a business which is the same as or similar to the business conducted by the Corporation as at the date of cessation of the Executive’s employment (the
“Business”) within Canada and the United States or anywhere in the world. 

  

	 	(b)	The Executive has the right to request the Corporation in advance for its agreement that a proposed business or position is not prohibited within the terms of this
Agreement. If the Executive receives written acknowledgment by the Corporation that the Corporation does not object to the Executive’s participation in any proposed business or position, then the Executive shall be allowed to so participate.

  

	 	(c)	This Article shall not prevent the Executive from purchasing as a passive investor up to 2% of the outstanding publicly traded shares or other securities of any class
of an issuer listed on a recognized stock exchange. 

 5.3 Non-Disclosure 

The Executive understands that the Corporation desires to keep its contractual relationship with its customers confidential. The Executive agrees not to
disclose any customer relationships unless authorized in writing by the Corporation or required by law other than pursuant to an agreement made by the Executive. 

5.4 Confidential Information 
 The
Executive will have access to the Corporation’s confidential information including, without limitation, information and data of or relating to its customers. Such information and data is understood to include all information and data relating
to the Corporation’s or the customer’s technology, know-how, products and technical and business data, and marketing strategies. The Executive agrees to accept and retain such information and data in confidence and, at all times during or
after the termination of employment, not to disclose or reveal such information and data to others and to refrain from using such information and data for purposes other than those authorized by the Corporation. At the request of the Corporation,
and upon cessation of employment, the Executive will promptly turn over to the Corporation all written or descriptive matter containing confidential or proprietary information or data. 

5.5 Patent-Copyright-Trademark 
  

	 	(a)	The Executive agrees to make prompt and complete disclosure to the Corporation of any (i) invention, discovery, or improvement (“Invention”),
whether patentable or not and (ii) copyrightable material, which relate to the Business of the Corporation and which is made, conceived, or authored by the Executive, alone or with others, during the term of employment and, with respect to an
Invention, for one (1) year following the cessation of employment. 

  

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	 	(b)	The Executive agrees to and does hereby assign to the Corporation all of the Executive’s right, title and interest in any Invention(s) and copyrightable material.
At the request and expense of the Corporation, the Executive will render whatever assistance may be necessary for the Corporation to secure a patent or copyright for such Invention(s) or material. 

5.6 Non-Solicitation 
 The Executive
agrees that as a result of the Executive’s position with the Corporation, that the Executive has confidential information with respect to other employees, consultants and customers of the Corporation. The Executive agrees for a period of two
(2) years after cessation of the Executive’s employment with the Corporation, regardless of the reason for cessation, the Executive shall not, directly or indirectly: 

 

	 	(a)	solicit, induce, encourage or facilitate employees or consultants of the Corporation to leave the employment of, or consulting relationship with the Corporation; and

  

	 	(b)	solicit, induce, encourage or facilitate any customer the Executive knows to be a customer of the Corporation to alter, modify, vary, diminish, or cease such
customer’s relationship with the Corporation, including without limitation, in favor or for the benefit of the Executive. 

5.7 Property 
 All reports, computer
programs, manuals, listings (including customer listings) and any other documentation or data furnished to or prepared by the Executive in connection with the Executive’s employment shall be the property of the Corporation. 

5.8 Assistance in Litigation 
 The
Executive shall, after termination of this Agreement for any reason whatsoever, upon reasonable notice and upon payment of reasonable expenses and reasonable compensation by the Corporation, furnish such information and proper assistance to the
Corporation as may be reasonably required by the Corporation in connection with any litigation in which it is or may become a party other than litigation by the Corporation against the Executive. 

5.9 The Executive acknowledges and agrees that the provisions of this Article 5 do not limit the fiduciary obligations that the Executive owes to
the Corporation, both during and after the cessation of the Executive’s employment and the termination of this Agreement. 
  

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 ARTICLE 6 

PERSONAL DATA AND PRIVACY 

6.1 The Executive acknowledges and agrees that the Corporation has the right to collect, use and disclose the Executive’s personal information for
purposes relating to the Executive’s employment with the Corporation, including: 
  

	 	(a)	ensuring that the Executive is paid for the services performed for the Corporation; 

 

	 	(b)	administering any benefits to which the Executive is or may become entitled to, including medical, dental, disability and life insurance benefits. This shall include
the disclosure of the Executive’s personal information to any insurance company and/or broker or to any entity that manages or administers the Corporation’s benefits on behalf of the Corporation; 

 

	 	(c)	compliance with any withholding requirements relating to the Executive’s employment; 

 

	 	(d)	conducting any compensation and benefit review; 

  

	 	(e)	enforcing the Corporation’s policies including those relating to the proper use of the electronic communications network and to comply with applicable laws; and

  

	 	(f)	in the event of a potential sale or transfer of all or part of the shares or assets of the Corporation or, disclosing to any potential acquiring organization the
Executive’s personal information for the purpose of determining the value of the Corporation and to evaluate the Executive’s position in the Corporation. If the Executive’s personal information is disclosed to any potential acquiring
organization, the Corporation will require the potential acquiring organization to agree to protect the privacy of the Executive’s personal information in a manner that is consistent with any policy of the Corporation dealing with privacy that
may be in effect from time to time and/or any applicable law that may be in effect from time to time. 

ARTICLE 7 

NOTICE 
 7.1 Any notice
required to be given hereunder shall be in writing and sufficiently made if delivered personally or mailed by prepaid registered mail to the parties at their respective addresses herein. 

 

	 	(a)	The Executive: 

 Jeffrey Losch

 c/o SMART Technologies Inc. 

3636 Research Road N.W. 

Calgary, Alberta T2L 1Y1 
  

	 	(b)	The Corporation: 

 SMART
TECHNOLOGIES INC. 
 3636 Research Road N.W. 

Calgary, Alberta T2L 1Y1 

Attention: Vice President, People Services 
  

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 Any such notice shall be deemed to have been given on the date it is delivered if personally delivered or,
if mailed, on the third business day following the mailing thereof. Either party may change its address for service by giving written notice hereunder. 

ARTICLE 8 

GENERAL PROVISIONS 
 8.1
Prior Employment Agreements 
 This Agreement supersedes and replaces any prior written or unwritten employment agreements between the
Executive and the Corporation, with the exception that the Executive acknowledges that the Executive continues to be bound by all earlier confidentiality, conflict of interest, fiduciary and intellectual property restrictions and obligations owed to
the Corporation. 
 8.2 Waiver 

Any waiver by a party of any breach of any provision of this Agreement by the other party shall not be binding unless in writing, and shall not operate or
be construed as a waiver of any other or subsequent breach by the Executive. 
 8.3 Headings 

The headings used in this Agreement are for convenience only and are not to be construed in any way as additions to or limitations of the covenants and
agreements contained in it. 
 8.4 Enurement 

The provisions of this Agreement shall enure to the benefit of and shall be binding upon the parties hereto and their respective heirs, executors,
administrators, other legal personal representatives, successors and permitted assigns. 
 8.5 Governing Law 

This Agreement shall be governed by and construed in accordance with the laws in force in the Province of Alberta. 

8.6 Time of the Essence 
 Time shall be
of the essence of this Agreement. 
  

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 8.7 Enforceability and Severability 

If any paragraph, subparagraph or provision of this Agreement is determined to be unenforceable by a Court of competent jurisdiction then such provision
shall be severable from the remainder of this Agreement and the remainder of this Agreement shall be unaffected thereby and shall remain in full force and effect. 

IN WITNESS WHEREOF the parties hereto have executed these presents as of the day and year first above written. 

 

					
		 		 	SMART TECHNOLOGIES INC.
			
		 		 	Per: /s/ Brian McGurk
			
	 /s/ Barbara Craig
	 		 	 /s/ Jeffrey Losch

	Witness	 		 	EXECUTIVE

  

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 SCHEDULE A 

This schedule confirms some additional details with respect to the Executive’s continuing employment as Vice President, Legal and General Counsel
with the Corporation. 
  

	i.	Reporting 

 The Executive
will continue to report to Nancy Knowlton, CEO or whomever is appointed her successor. 
  

	ii.	Duties 

 Overall
responsibility for all of the legal and intellectual property (“IP”) affairs of the Corporation which includes, but is not limited to the following: 
  

	 	•	 	 developing the capability and capacity of the legal and IP functions including the management, supervision and development of the administrative and
professional staff, departmental activities and supporting processes 

  

	 	•	 	 provision of legal advice regarding service and supply contracts, health & safety compliance, employment (including policy and some labour
issues), work permits and visas, leasing, product liability, export compliance, anti-trust/competition compliance, marketing and sales programs terms and conditions, government contracts/bid reviews and reseller contract (distribution) issues

  

	 	•	 	 coordinating through external counsel or consultants specialty advice on anti-trust/competition, litigation, structure/incorporation of foreign
entities, foreign employment, M&A and tax 

  

	 	•	 	 direction to the IP group in respect of IP reviews, patent application and prosecution, licensing arrangements, application, maintenance and
enforcement of SMART’s Trademarks and the seeking of external opinions as required to support the needs of the business 

  

	 	•	 	 development and administration of the annual budget the review and approval of legal invoices and expenses 

 

	 	•	 	 administration of the Corporation’s corporate structure and provision of advice and direction on corporate governance issues and participation in
board of directors meetings as corporate secretary and maintenance of corporate records including the minute books of the various Corporation and affiliated entities 

 

	 	•	 	 other duties as assigned 

  

	iii.	Working Conditions 

 The
position is based in Calgary, but international travel is an inherent part of the job. 
  

	iv.	Benefits and Health 

Eligible to participate in the Corporation’s Group Benefit Plan (Canada) which includes life, disability and extended dental and
medical coverage 
  

	v.	Group RRSP 

 Eligible to
participate in the Corporation’s Group RRSP (Canada) under its standard terms and conditions 
  

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 SCHEDULE B 

CHANGE OF CONTROL 
 For
the purposes of this Agreement, prior to the completion of an initial public offering (“IPO”) made by the Corporation, “Change of Control” means the occurrence of any of the following: 

(a) any one of IFF, Apax or Intel, or their respective Affiliates, directly or indirectly owning or controlling fifty (50%) percent
or more of the voting shares of the Corporation 
 (b) a sale of all or substantially all of the assets of SMART Technologies
ULC; or 
 (c) if IFF, Apax or Intel, or their respective Affiliates (each a “Selling Group”), jointly or
collectively (and whether through one or more than one series of transactions) sells, directly or indirectly, to one or more Third Parties the respective voting shares of the Corporation owned or controlled by a Selling Group with the result that a
Third Party owns or controls fifty (50%) percent or more of the voting shares of the Corporation. 
 Following the completion of an IPO,
Change of Control shall mean the occurrence of any of the following events: 
 (a) a person, or group of persons, acting jointly
and in concert, becomes the beneficial owner of securities of the Corporation constituting 50% or more of the voting power of all outstanding voting securities of the Corporation, 

(b) individuals who were proposed as nominees (but not including nominees under a shareholder proposal) to become directors of the
Corporation immediately prior to a meeting of the shareholders of the Corporation involving a contest for, or an item of business relating to, the election of directors of the Corporation, not constituting a majority of the directors of the
Corporation following such election; 
 (c) a merger, consolidation, amalgamation or arrangement of the Corporation (or a similar
transaction) occurs, unless after the event, 50% or more of the voting power of the combined corporation is beneficially owned by the same person or group of persons as immediately before the event; or 

(d) the Corporation’s shareholders approve a plan of complete liquidation or winding-up of the Corporation, or the sale or
disposition of all or substantially all the Corporation’s assets (other than a transfer to an Affiliate of the Corporation); 
 provided
that the following shall not constitute a Change of Control following the completion of an IPO: 
 (i) any person, or group of
persons, acting jointly or in concert, becoming the beneficial owner of the threshold of securities specified in (a) as a result of the acquisition of securities by the Corporation or an Affiliate or a subsidiary which, by reducing the number
of securities outstanding, increases the proportional number of securities beneficially held by that person or group of persons, 

(ii) any acquisition of securities directly from the Corporation in connection with a bona fide financing or series of financings by the
Corporation, 
 (iii) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by the Corporation
and/or its Affiliates or 
  

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 (iv) beneficial ownership by the Corporation’s Affiliates of the Corporation or its
Affiliates or any increased ownership by any of them. 
 Where “Affiliate”, “Apax”,
“Corporation”, “IFF”, “Intel” and “Third Party” have the following meanings: 

“Affiliate” means affiliates and associates as those terms are defined in the Business Corporations Act (Alberta),
as the same may be amended from time to time; 
 “Apax” means any of the Apax group of funds, or their
respective Affiliates, that directly or indirectly own or control voting shares of the Corporation 

“Corporation” means SMART Technologies Inc., an Alberta corporation; 

“IFF” means IFF Holdings Inc., an Alberta corporation; 

“Intel” means Intel Corporation and its Affiliates; and 

“Third Party” or “Third Parties” means any entity other than IFF, Apax, Intel or their Affiliates.

  

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 SCHEDULE C 

RELOCATION TERMS AND CONDITIONS 

Relocation allowance 
 Relocation is made
available to certain new executives (the “Executive”) to assist, at a minimum, in defraying the costs associated with the physical move of Employee and his spouse and dependent children, if applicable, from their place of domicile at the
time of appointment to SMART. 
 Company-assisted relocations are considered on a case-by-case basis. All relocations must be reviewed by the
departmental vice president and vice president, people services prior to being offered. 
 In this case, SMART agrees to pay the relocation
expenses directly under the condition the executive provides three (3) quotes from different moving companies and SMART will use their discretion in final selection. 

House-Hunting Expenses 
 SMART will
provide Executive and his spouse with one return flight for the purpose of house-hunting at a time agreeable to SMART. SMART will provide the Executive with time off work for the purpose of house-hunting at an agreeable time following the
Executive’s first day of employment. 
 House hunting trip includes: 

 

	 	•	 	 Return flight for executive and partner 

  

	 	•	 	 Hotel for 3 nights (if required) 

  

	 	•	 	 Meals for 3 days 

  

	 	•	 	 Rental car for 4 days (if required) 

Travel arrangements will be made by SMART. 

Sale of the Executive’s Home 
 SMART
will cover up to 33% of the real estate and legal fees incurred on the sale of your Oakville home (the “Oakville Moving Fees”) subject to receiving a copy of the final billing for such services following the sale of the home. All other
closing costs for the sale will be the responsibility of the Executive. 
 Arriving at the New Destination 

SMART will pay for the costs of flights for Executive and Executive’s spouse and dependent children, where applicable, to Executive’s new work
destination. If Executive chooses to arrive first and have his family follow later, SMART will provide the flights for Executive’s family when they are ready to relocate. In no case will the reimbursement of such relocation costs extend past
one year from the date Executive first joins SMART. 
  

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 Living Arrangements 

SMART will provide temporary living arrangements for Executive and his family (where required), for a period of up to four (4) months once the
Executive arrives in Calgary to start work. 
 Accommodations will be provided at the most suitable suite location within reasonable proximity
of SMART’s office. SMART’s travel coordinators will make the necessary reservations and payments on Executive’s behalf for accommodations. 

Getting Around Town 
 SMART will provide
Executive with a rental vehicle while Executive is staying in the temporary living arrangements, for a period of up to two (2) months. SMART’s travel coordinators will make the necessary reservations and payments on Executive’s behalf
for rental vehicle. 
 Other Expenses 

SMART will not provide daily living expenses. Executive will cover daily expenses (e.g. food, groceries, toiletries, phone calls, etc.). 

Settling In to a New Home 
 SMART will
provide Executive with two days off work for the purposes of settling in to a new home, provided such time is taken within six months of starting with SMART. 

Health and Wellness Benefits 

SMART’s payroll administrator will work with Executive on the necessary paperwork to provide health care coverage and company benefits. 

Recovery of Costs 

If Executive voluntarily leaves SMART’s employ for any reason before completion of two years’ service, the Executive will be
required to repay the costs of moving the household contents and automobiles less
1/24th of the amount for each calendar month of service.
For greater certainty the amount shall not include house hunting expenses or sums paid by smart in respect of the real estate and legal fees resulting from the sale of the Executive’s Oakville home. 

Where a repayment of a portion of the relocation allowance is required, the amount owing will be deducted from Executive’s salary or from any other
amounts due and owing to him, if no other repayment arrangements have been made by the Executive. 
 Other considerations 

There are numerous other considerations when Executive is relocating to a new city. The attached sheet provides some valuable websites for further
information on the following topics: 
  

	 	•	 	 Canada Revenue Agency and moving expenses 

  

	 	•	 	 Moving companies 

  

	 	•	 	 Realtors 

  

	 	•	 	 Schools 

  

	 	•	 	 Daycares 

  

	 	•	 	 Utilities 

  

	 	•	 	 Vehicle registry 

  

	 	•	 	 Health care 

  

 15Form of Indemnity Agreement

 Exhibit 10.12 

Director and Officer Indemnification Agreement 

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made as of this          day
of                     ,
                    , between SMART Technologies Inc. (the “Corporation”), a corporation incorporated under the Business
Corporations Act (Alberta) and                      (the “Indemnified Party”). 

RECITALS: 
 A. The Board of Directors of
the Corporation (the “Board”) has determined that the Corporation should act to assure the Indemnified Party of reasonable protection through indemnification against certain risks arising out of service to, and activities on behalf
of, the Corporation to the extent permitted by law. 
 NOW THEREFORE the parties agree as follows: 

1. Indemnification. The Corporation will, subject to Section 2, indemnify and save harmless the Indemnified Party and the heirs and
legal representatives of the Indemnified Party to the fullest extent permitted by applicable law: 
 1.1 from and against all Expenses (as
defined below) sustained or incurred by the Indemnified Party in respect of any civil, criminal, administrative, investigative or other Proceeding (as defined below) to which the Indemnified Party is made a party by reason of being or having been a
director or officer of the Corporation; and 
 1.2 from and against all Expenses sustained or incurred by the Indemnified Party as a result of
serving as a director or officer of the Corporation in respect of any act, matter, deed or thing whatsoever made, done, committed, permitted or acquiesced in by the Indemnified Party as a director or officer of the Corporation, whether before or
after the effective date of this Agreement and whether or not related to a Proceeding. 
 “Expenses” means all costs, charges,
damages, awards, settlements, liabilities, fines, penalties, statutory obligations, professional fees and retainers and other expenses of whatever nature or kind, provided that any such costs, charges, professional fees and other expenses shall be
reasonable. 
 “Proceeding” will include a claim, demand, suit, proceeding, inquiry, hearing, discovery or investigation, of
whatever nature or kind, whether anticipated, threatened, pending, commenced, continuing or completed, and any appeal, and whether or not brought by the Corporation. 

2. Entitlement to Indemnification 

2.1 The rights provided to an Indemnified Party hereunder will, subject to applicable law, apply without reduction to an Indemnified Party provided that:
(a) the Indemnified Party acted honestly and in good faith with a view to the best interests of the Corporation or other entity described in Section 2.3; and (b) in the case of a criminal or administrative action or proceeding that is
enforced by a monetary penalty, the Indemnified Party had reasonable grounds for believing that his or her conduct was lawful. 
 2.2 This
indemnity will not apply to (a) claims initiated by the Indemnified Party against the Corporation or any subsidiary except for claims relating to the enforcement of this Agreement; (b) claims initiated by the Indemnified Party against any
other person or entity unless the Corporation or other party described in Section 2.3 has joined with the Indemnified Party in or consented to the initiation of that 

 
Proceeding; and (c) claims by the Corporation for the forfeiture and recovery by the Corporation of bonuses or other compensation received by the Indemnified Party from the Corporation
due to the Indemnified Party’s violation of applicable securities or other laws. To the extent prior court or other approval is required in connection with any indemnification obligation of the Corporation hereunder, the
Corporation will seek and use all reasonable efforts to obtain that approval as soon as reasonably possible in the circumstances. 
 2.3
The indemnities in this Agreement also apply to an Indemnified Party in respect of his or her service at the Corporation’s request as (a) an officer or director of another corporation or (b) a similar role with another entity,
including a partnership, trust, joint venture or other unincorporated entity. 
 3. Presumptions/Knowledge 

3.1 For purposes of any determination hereunder the Indemnified Party will be deemed, subject to compelling evidence to the contrary, to have acted in
good faith and/or in the best interests of the Corporation. The Corporation will have the burden of establishing the absence of good faith. 

3.2 The knowledge and/or actions, or failure to act, of any other director, officer, agent or employee of the Corporation or any other entity will not be
imputed to the Indemnified Party for purposes of determining the right to indemnification under this Agreement. 
 3.3 The Corporation will have
the burden of establishing that any Expense it wishes to challenge is not reasonable. 
 4. Notice by Indemnified Party. As soon
as is practicable, upon the Indemnified Party becoming aware of any Proceeding which may give rise to indemnification under this Agreement other than a Proceeding commenced by the Corporation, the Indemnified Party will give written notice to the
Corporation. Failure to give notice in a timely fashion will not disentitle the Indemnified Party to indemnification. 
 5. Investigation
by Corporation. The Corporation may conduct any investigation it considers appropriate of any Proceeding of which it receives notice under Section 4, and will pay all costs of that investigation. Upon receipt of reasonable notice from
the Corporation, the Indemnified Party will, acting reasonably, co-operate fully with the investigation provided that the Indemnified Party will not be required to provide assistance that would prejudice: (a) his or her defence; (b) his or
her ability to fulfill his or her business obligations; or (c) his or her business and/or personal affairs. The Indemnified Party will, for the period of time that s/he cooperates with the Corporation with respect to an investigation, be
compensated by the Corporation at the rate of $1,500 per day (or partial day) plus out-of-pocket Expenses actually incurred by or on behalf of the Indemnified Party in connection therewith, provided that the Indemnified Party will not be entitled to
the per diem if he/she is employed as an officer of the Corporation on such day. 
 6. Payment for Expenses of a Witness.
Notwithstanding any other provision of this Agreement, to the extent that the Indemnified Party is, by reason of the fact that the Indemnified Party is or was a director or officer of the Corporation or another entity, or acting in a capacity
similar to an officer or director of another entity, at the Corporation’s request, a witness or participant other than as a named party in a Proceeding, the Corporation will pay to the Indemnified Party all out-of-pocket Expenses actually and
reasonably incurred by or on behalf of the Indemnified Party in connection therewith. The Indemnified Party will also be compensated by the Corporation at the rate of $1,500 per day (or partial day) provided that the Indemnified Party will not be
entitled to the per diem if he/she is a full-time employee of the Corporation on such day. 
  

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 7. Expense Advances. The Corporation will, upon request by the Indemnified Party, make
advances (“Expense Advances”) to the Indemnified Party of all Expenses for which the Indemnified Party seeks indemnification under this Agreement before the final disposition of the relevant Proceeding. Expense Advances may include
anticipated Expenses. In connection with such requests, the Indemnified Party will provide the Corporation with a written affirmation of the Indemnified Party’s good faith belief that the Indemnified Party is legally entitled to indemnification
in accordance with this Agreement, along with sufficient particulars of the Expenses to be covered by the proposed Expense Advance to enable the Corporation to make an assessment of its reasonableness. The Indemnified Party’s entitlement to
such Expense Advance will include those Expenses incurred in connection with any Proceeding by the Indemnified Party against the Corporation seeking an adjudication or award pursuant to this Agreement. The Corporation will make payment to the
Indemnified Party within 10 days after the Corporation has received the foregoing information from the Indemnified Party. All Expense Advances for which indemnification is sought must relate to Expenses anticipated within a reasonable time of the
request. 
 The Indemnified Party will repay to the Corporation all Expense Advances not actually required and will repay all Expense Advances
if the conditions of Section 2 are not met. If requested by the Corporation, the Indemnified Party will provide a written undertaking to the Corporation confirming the Indemnified Party’s obligations under the preceding sentence as a
condition to receiving an Expense Advance. 
 8. Indemnification Payments. Subject to Section 2 and with the exception of
Expense Advances which are governed by Section 7, the Corporation will pay to the Indemnified Party any amounts to which the Indemnified Party is entitled hereunder promptly upon the Indemnified Party providing the Corporation with reasonable
details of the claim. The Corporation will, forthwith after any request for payment to or for an Indemnified Party, seek any court approval that may be required to permit payment. If the conditions of Section 2 are not met, the Corporation will
not be required to pay the Indemnified Party any amounts pursuant to this indemnification and, further, the Indemnified Party will repay all amounts paid thereto by the Corporation pursuant to this indemnification. 

9. Right to Independent Legal Counsel. If the Indemnified Party is named as a party or a witness to any Proceeding, or the Indemnified
Party is questioned or any of his or her actions, omissions or activities are in any way investigated, reviewed or examined in connection with or in anticipation of any actual or potential, to any Proceeding, the Indemnified Party will be entitled
to retain independent legal counsel at the Corporation’s expense to act on the Indemnified Party’s behalf to provide an initial assessment to the Indemnified Party of the appropriate course of action for the Indemnified Party. The
Indemnified Party will be entitled to continued representation by independent counsel at the Corporation’s expense beyond the initial assessment unless the parties agree that there is no conflict of interest between the Corporation and the
Indemnified Party that necessitates independent representation. 
 10. Settlement. The parties will act reasonably in pursuing the
settlement of any Proceeding. The Corporation may not negotiate or effect a settlement of claims against the Indemnified Party without the consent of the Indemnified Party, acting reasonably. The Indemnified Party may negotiate and effect a
settlement without the consent of the Corporation but the Corporation will not be liable for indemnification under this Agreement with respect to any settlement negotiated without its prior written consent, which consent will not be unreasonably
withheld or delayed. 
 11. Directors’ & Officers’ Insurance. The Corporation will ensure that its liabilities
under this Agreement, and the potential liabilities of the Indemnified Party that are subject to indemnification by the Corporation pursuant to this Agreement, are at all times supported by a directors’ and officers’ liability insurance
policy that has been approved by the Board. If the Corporation is sold or enters into any business combination or other transaction as a result of which the directors’ and officers’ liability insurance policy is terminated and not replaced
with a substantially similar policy equally applicable to 
  

 3 

 
the Indemnified Party, the Corporation will cause run off “tail” insurance to be purchased for the benefit of the Indemnified Party with substantially the same coverage for the balance
of the 6-year term set out in Section 20 without any gap in coverage. The Corporation will provide to the Indemnified Party a copy of each policy of insurance providing the coverages contemplated by this Section promptly after coverage is
obtained, and evidence of each annual renewal thereof, and will promptly notify the Indemnified Party if the insurer cancels, makes material changes to coverage or refuses to renew coverage (or any part of the coverage). 

12. Arbitration. All disputes, disagreements, controversies or claims arising out of or relating to this Agreement, including, without
limitation, with respect to its formation, execution, validity, application, interpretation, performance, breach, termination or enforcement will be determined by arbitration before a single arbitrator under the Alberta Arbitration Act,
R.S.A. 2000, c.A-43. The arbitrator will determine, based on the outcome of the arbitration, the breakdown between the Corporation and the Indemnified Party of the costs for conducting the arbitration. 

13. Tax Adjustment. Should any payment made pursuant to this Agreement, including the payment of insurance premiums or any payment made by
an insurer under an insurance policy, be deemed to constitute a taxable benefit or otherwise be or become subject to any tax or levy, then the Corporation will pay any amount necessary to ensure that the amount received by or on behalf of the
Indemnified Party, after the payment of or withholding for tax, fully reimburses the Indemnified Party for the actual cost, expense or liability incurred by or on behalf of the Indemnified Party. 

14. Cost of Living Adjustment. The $1,500 per diem payable pursuant to Sections 5 and 6 will be adjusted to reflect changes from the date
of this Agreement in the All-items Cost of Living Index for Toronto prepared by Statistics Canada or any successor index or government agency. 

15. Governing Law. This Agreement will be governed by the laws of the Province of Alberta and the federal laws of Canada applicable
therein. 
 16. Priority and Term. This Agreement will supersede any previous agreement between the Corporation and the
Indemnified Party dealing with this subject matter, and will be deemed to be effective as of the date that is the earlier of (a) the date on which the Indemnified Party first became a director or officer of the Corporation; or (b) the date
on which the Indemnified Party first served, at the Corporation’s request, as a director or officer, or an individual acting in a capacity similar to a director or officer, of another entity. 

17. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or law,
or public policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of this Agreement is not affected in any manner materially adverse to either party.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner to the end that the provisions of this Agreement are fulfilled to the fullest extent possible. 
 18.
Binding Effect; Successors and Assigns. This Agreement shall bind and enure to the benefit of the successors, heirs, executors, personal and legal representatives and permitted assigns of the parties hereto, including any direct or
indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Corporation. The Corporation shall require and cause any successor (whether direct or indirect, and whether by purchase,
merger, consolidation or otherwise) to all or substantially all of the business or assets of the Corporation, by written agreement in form and 

 

 4 

 
substance reasonably satisfactory to the Indemnified Party, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be
required to perform if no such succession had taken place. Subject to the requirements of this Section 18, this Agreement may be assigned by the Corporation to any successor (whether direct or indirect, and whether by purchase, merger,
consolidation or otherwise) to all or substantially all of the business or assets of the Corporation. This Agreement may not be assigned by the Indemnified Party. 

19. Covenant. The Corporation hereby covenants and agrees that it will not take any action, including, without limitation, the enacting,
amending or repealing of any by-law, which would in any manner adversely affect or prevent the Corporation’s ability to perform its obligations under this Agreement. 

20. Survival. The obligations of the Corporation under this Agreement, other than Section 11, will continue until the later of
(a) 15 years after the Indemnified Party ceases to be a director or officer of the Corporation or any other entity in which he or she serves in a similar capacity at the request of the Corporation and (b) one year after the final
termination of all Proceedings commenced prior to the expiration of such 15-year period with respect to which the Indemnified Party is entitled to claim indemnification hereunder. The obligations of the Corporation under Section 11 of this
Agreement will continue for 6 years after the Indemnified Party ceases to be a director of the Corporation or any other entity in which he or she serves in a similar capacity at the request of the Corporation. 

[THE REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK] 

 

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 IN WITNESS WHEREOF the parties hereto have executed this Agreement. 

 

							
		 		 	SMART TECHNOLOGIES INC.
				
		 		 	by:	 	 
		 		 		 	 Name:
 Title:

Authorized Signing Officer

				
	 	 		 		 	 
	Witness Signature	 		 		 	
				
	 	 		 		 	 
	Witness Name	 		 		 	Director/Officer Name

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