SMART Notebook installation fails with exit code 1603

Issue
SMART Notebook fails to install with a exit code 1603.

Cause
As part of the SMART Notebook installation, Visual Studio 2010 Tools for Office is downloaded and installed. Failure to download and install will result with the exit code 1603 error being displayed.

Solution
Download and install Visual Studio 2010 Tools for Office before installing SMART Notebook.