Document:

EX-4.12

 Exhibit 4.12 

NOVEMBER 20, 2015 AMENDING AGREEMENT 

to EXECUTIVE EMPLOYMENT AGREEMENT 

This 2015 Amending Agreement (the “2015 Amendment”) amends the Executive Employment Agreement between SMART Technologies Inc.
and Warren Barkley made effective November 7, 2013, as amended effective May 16, 2014 and November 5, 2015 (the “Agreement”). 

This 2015 Amendment is effective as of November 20, 2015 (the “Effective Date”). 

Capitalized terms not defined herein will have the meaning ascribed to them under the Agreement. 

For good and valuable consideration, including the Executive’s participation in the Corporation’s Executive Team Retention Plan as
described under this 2015 Amendment (the “ETR Plan”), the sufficiency of which is hereby acknowledged, the parties agree as follows: 
  

	1.	The second sentence in Article 3.4 shall be deleted and replaced with: 

 The Corporation
confirms that in addition to other awards under the Amended and Restated Equity Plan the Executive was on May 16, 2013 granted 250,000 performance restricted share units (the “2013 PRS Units”). 

 

	2.	The following Articles 3.8 and 3.9 shall be inserted in Article 3: 

 3.8 The Executive
shall, as of the Effective Date, participate in the ETR Plan and be eligible for a retention payment under the ETR Plan in an amount and in accordance with the terms outlined in this Agreement. The Executive’s participation in the ETR Plan
shall terminate on the earlier of: 
  

	 	(a)	the Executive’s voluntary resignation from the Executive’s employment for a reason other than Good Reason following a Change of Control or Going Private Transaction; 

 

	 	(b)	one (1) year after the effective date of a Change of Control or Going Private Transaction; or 

  

	 	(c)	December 31, 2016, if the Corporation (or its affiliates) have not, on or before December 31, 2016, entered into a binding letter of intent or a definitive agreement or similar document with respect to a
transaction or series of transactions that upon closing shall be a Change of Control or Going Private Transaction. 

 3.9 Upon
the occurrence of a Change of Control or Going Private Transaction and within one (1) year of the effective date of the Change of Control or Going Private Transaction there is an event or events which constitute Good Reason (as defined in
Schedule “B”) then, as of the date of the event or events that constitute Good Reason and in addition to any other entitlements under this Agreement, the Executive shall be entitled to the ETR Plan Payment. 

 

	3.	The following Article 4.5.1 shall be inserted after Article 4.5: 

 4.5.1 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 a 

 
Change of Control or a Going Private Transaction, the Corporation shall within five (5) business days of the Termination Date, pay or provide to the Executive, subject to the condition in
Article 4.10, in addition to the payments provided for in Article 4.4 or otherwise under this Agreement, the ETR Plan Payment. 
  

	4.	The following shall be added to the end of Article 4.6: 

 If the Executive elects to terminate
this Agreement pursuant to this Article 4.6, then in addition to the payments provided for above, the Executive shall also be entitled to, in addition to any other entitlements under this Agreement, the ETR Plan Payment. 

 

	5.	The following Article 4.7.1 shall be inserted after Article 4.7: 

 4.7.1 If the Corporation
terminates this Agreement and the Executive’s employment pursuant to Article 4.4, and either (i) the Corporation (or its affiliate) enters into a binding letter of intent or a definitive agreement or similar document in respect of a Change
of Control or a Going Private Transaction prior to December 31, 2016 and within six (6) months of such Termination Date, or (ii) the Termination Date is after the Corporation (or its affiliate) enters into a binding letter of intent
or a definitive agreement or similar document in respect of a Change of Control or a Going Private Transaction, but prior to the effective date of such Change of Control or Going Private Transaction, then, in addition to the payments provided for in
Article 4.4 or otherwise under this Agreement, on the effective date of a Change of Control or a Going Private Transaction the Executive shall be entitled to the ETR Plan Payment. The Board of SMART Technologies Inc. has the discretion, at the time
of termination of the Executive’s employment pursuant to Article 4.4, to extend the length of the six (6) month period referenced above. For the avoidance of doubt, no payment is due to the Executive under this Article 4.7.1 in the event a
Change of Control or a Going Private Transaction does not ultimately close. 
  

	6.	The following Articles 4.12, 4.13, 4.14 and 4.15 shall be inserted in the Agreement after Article 4.11: 

4.12 The “ETR Plan Payment” is a cash payment, calculated as follows: 

A. [the number of 2013 PRS Units (whether or not the 2013 PRS Units have expired or vested), such amount being 250,000] 

x 
 B. [the highest
performance multiplier applicable to the 2013 PRS Units, such amount being 3.0] 
 x 

C. [the Fair Market Value (as defined in the Amended and Restated Equity Incentive Plan)] 

less 
 D. [the gross
amount of cash, if any, paid by the Corporation, or cash value of shares provided by the Corporation, to the Executive prior to such date in respect of the 2013 PRS Units], 

  
 2 

 such ETR Plan Payment shall be less required withholdings. 

4.13 The parties agree that any payment of the ETR Plan Payment to the Executive under this Agreement shall be in addition to the retiring
allowance and termination entitlements provided for in Article 4 of the Agreement, and the payment of any such ETR Plan Payment is conditional on the Executive signing a full and final release in favour of the SMART Group, in a form satisfactory to
the Corporation, acting reasonably. 
 4.14 The parties agree that the Executive shall not be paid any amounts due under the ETR Plan, even
where otherwise entitled to such payment pursuant to this Agreement, until May 17, 2016 (such date being the day after the 2013 PRS Units are set to expire). 

4.15 The Executive understands and agrees that the Executive may be required by the Board of SMART Technologies Inc. to forfeit the
Executive’s participation in the ETR Plan, in order to receive future grants of long term incentives or equity compensation during the term of the ETR Plan. 
  

	7.	All other provisions and terms and conditions of the Agreement remain unamended and in full force and effect. 

  

	8.	The Agreement and this 2015 Amendment shall be governed by and construed in accordance with the laws in force in the Province of Alberta. 

IN WITNESS WHEREOF, the parties have executed this 2015 Amendment by persons duly authorized as of the Effective Date. 

 

							
		 		 	SMART TECHNOLOGIES INC.
				
		 		 	Per:	 	 /s/ Matt Sudak

		 		 		 	 Matt Sudak
 VP, Legal, General Counsel &
Corporate Secretary

			
		 		 	 /s/ Warren Barkley

		 		 	Warren Barkley

  
 3EX-4.13

 Exhibit 4.13 
  

							
	

	  		  	 SMART Technologies
 3636
Research Road NW
 Calgary, AB T2L 1Y1
 CANADA

 
 Phone 403.245.0333

Fax 403.228.2500
 info@smarttech.com www.smarttech.com
	    	 SMART Technologies Corporation

Suite 1120, 1655 North Fort Myer Dr.
 Arlington, VA 22209

USA
  
  

 
 info@smarttech.com www.smarttech.com

	  		  	    
	  		  	    
	  		  	    
	  		  	    
	  		  	    

 March 31st, 2016 
 Warren
Barkley 
 [address redacted for confidentiality] 
 Dear
Warren, 
 As per your request, this Supplemental Letter will serve as an amendment to your current executive employment agreement with SMART Technologies
Inc. and identify the details of our agreed upon arrangement. 
 You have requested to move back to Seattle and work out of our office there. I have agreed
to these terms based on the following adjustments to your current employment agreement. You agree that you will continue to be required to travel to the Calgary office on a regular basis. The company is prepared to provide you with assistance for
two trips per month to commute until your relocation has been completed or as approved by the CEO. 
 Entity Change 

Currently, you are employed with the SMART Technologies Inc. entity but since you will now be residing in the US, this letter will amend your executive
employment agreement and you will be employed by SMART Technologies Corporation. All other clauses in the executive employment agreement except for the amendments below will remain the same. 

Annual Salary 
 Your Annual Salary will remain at
the same equivalent rate but will be changed to US funds, such that your Canadian salary of CAD$415,000 will be replaced with a US salary of USD$415,000 without any regard to a currency exchange conversion. The effective date of your transfer to
Smart Technologies Corporation will be April 1st, 2016. All expense claims incurred up to the transfer date will be reimbursed in Canadian funds and US funds after the transfer date. 

Short Term Incentive 
 You will continue to be
eligible to participate in our annual discretionary bonus plan which will be prorated and paid in Canadian funds prior to the transfer date for any Fiscal 2016 payments. Fiscal 2017 will be paid in US funds. 

Change of Control Clauses, Retiring Allowance Clause, Long Term Incentive, Executive Team Retention Plan & Executive Retention Award Payments

 Any payments and amounts specified under these plans will be paid as per the current agreements. Should you be entitled to an Executive Retention
Award payment or a cash bonus payment, such payments shall remain based on the Canadian dollar. At the time of any such payment, the Canadian dollar amount shall be converted and paid to you in US dollars at the then prevailing exchange rate. For
the purpose of the calculation of the Retiring Allowance in Article 4.4(c) of your employment agreement, the words “Annual Salary” in (i) and (iii) shall mean CAD $415,000, and following calculation shall be converted and paid to
you in US dollars at the then prevailing exchange rate. 

 International Relocation 

You will be eligible to receive reimbursement from SMART Technologies Corporation for costs to move your household items with a moving company up to a maximum
of $20,000 US. A receipt from the moving company will be required to support your reimbursement. 
 Repayment 

If you choose to leave SMART’s employ due to voluntary resignation or are terminated with cause before completion of one (1) year service following
the relocation, you agree to repay: 
  

	 	a)	The total amount received as reimbursement for relocation expenses; and 

  

	 	b)	Any Additional Salary you have been paid from the date of your relocation to the date of your departure. “Additional Salary” is defined as the difference between your new US$415,000 salary and what your US
dollar salary would have been if calculated using the market exchange rate between the US and Canadian dollar on the date of your relocation to Seattle, prorated for the amount of time you have received your new US dollar salary. 

Where a repayment is required, the amount owing may be deducted from your salary or from any other amounts due and owing to you, if no other repayment
arrangements have been made. 
 These repayment obligations become null and void if there is a Change of Control as defined in your agreement. 

Schedule “B” - Definitions 
 With respect
to the definitions of a “Change of Control”, all references to SMART Inc. shall continue to be references to SMART Technologies Inc. The definition of Good Reason shall be amended to delete (ii) and replace with: 

 

	 	(ii)	the requirement that the Executive be based anywhere other than SMART Technologies Corporation’s Seattle office on a normal and regular basis; or 

The parties agree that in addition to the executive employment agreement being governed by the laws of Alberta, the Washington State based employment
relationship with you shall be governed by any required state and federal laws. 
 Implementation 

Given the complexities associated with an international executive relocation and the time required to obtain definitive advice on various matters, the parties
agree to obtain coordinated accounting, tax, immigration and other advice, and to take this advice into consideration in good faith in determining whether and how to make technical amendments to the implementation of the arrangements contemplated
herein. 

 If you have any further questions or concerns, please feel free to contact me or Deb Milimaka Miles directly.
Warren, I appreciate your continued contribution and I have every confidence that you will make this transition seamless for us as a company. 
 Yours
truly, 
 SMART Technologies Inc. 
  

	Per:	Neil Gaydon 

 President & Chief Executive Officer 

 Such changes are agreed upon and accepted by SMART Technologies Corporation, and SMART Technologies Corporation
accepts the assignment of the executive employment agreement (amended in accordance with the above terms). 
 SMART Technologies Corporation 

 

			
	Per:	 	/s/ Neil Gaydon

 I accept the changes to my employment on the terms and conditions as outlined in this supplemental letter, and understand
that such changes will constitute an amendment to my executive employment agreement as of April 1st, 2016. 
  

					
	Signed this 4th day of April, 2016                     	 		 	 /s/ Warren Barkley

		 		 	Warren Barkley

  

							
	Witnessed	 	 Deb Milimaka Miles
	 		 	 /s/ Deb Milimaka Miles

		 	Print Name	 		 	Signature

  

	Cc:	VP, People Services

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