Document:

EX-10.7

 Exhibit 10.7 

EXECUTION VERSION 
  

 
  

GE DIGITAL MASTER PRODUCTS AND SERVICES AGREEMENT 

dated as of July 3, 2017 

between 
 GE DIGITAL LLC

 and 
 BAKER HUGHES, A
GE COMPANY, LLC 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
	Article I DEFINITIONS	  	 	6	 
	 Section 1.01
	    	Certain Defined Terms	  	 	6	 
		
	Article II SERVICES, DURATION AND SERVICES MANAGERS	  	 	14	 
	 Section 2.01
	    	Services to be Provided	  	 	14	 
	 Section 2.02
	    	Request for New Services	  	 	15	 
	 Section 2.03
	    	Duration of Services	  	 	15	 
	 Section 2.04
	    	Intercompany Service Manager	  	 	15	 
	 Section 2.05
	    	Limitations on the Provision of GE Digital Offerings	  	 	16	 
	 Section 2.06
	    	Local Implementing Agreements	  	 	16	 
		
	Article III STATEMENTS OF WORK	  	 	17	 
	 Section 3.01
	    	Entering into Statements of Work	  	 	17	 
	 Section 3.02
	    	Project Change	  	 	18	 
	 Section 3.03
	    	Replacement of Project Leaders	  	 	18	 
	 Section 3.04
	    	Subcontracting	  	 	18	 
		
	Article IV GE DIGITAL OFFERINGS	  	 	19	 
	 Section 4.01
	    	Products	  	 	19	 
	 Section 4.02
	    	GE Hosted Services	  	 	19	 
	 Section 4.03
	    	Baker Hughes’ Responsibilities	  	 	21	 
	 Section 4.04
	    	GE Hardware	  	 	23	 
	 Section 4.05
	    	Software	  	 	23	 
	 Section 4.06
	    	Professional Services	  	 	24	 
	 Section 4.07
	    	Contributions	  	 	24	 
		
	Article V INTELLECTUAL PROPERTY	  	 	25	 
	 Section 5.01
	    	License to Baker Hughes Intellectual Property and Content	  	 	25	 
	 Section 5.02
	    	License for Baker Hughes Internal Use	  	 	25	 
	 Section 5.03
	    	License for Redistribution to Customers	  	 	25	 
	 Section 5.04
	    	Access for Product Development	  	 	26	 
	 Section 5.05
	    	No Support Obligations	  	 	26	 
	 Section 5.06
	    	IP Ownership of Products and Deliverables	  	 	26	 
	 Section 5.07
	    	Governmental Restrictions and Approvals	  	 	27	 
	 Section 5.08
	    	Third-Party IP	  	 	27	 
		
	Article VI OTHER ARRANGEMENTS	  	 	27	 
	 Section 6.01
	    	Third-Party Software and Software Licenses	  	 	27	 
	 Section 6.02
	    	GE Digital Global Services Contracts	  	 	28	 
	 Section 6.03
	    	Access to GE Digital Facilities	  	 	28	 

  
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	Article VII ADDITIONAL AGREEMENTS	  	 	29	 
	 Section 7.01
	    	Security and Data Privacy	  	 	29	 
	 Section 7.02
	    	Costs	  	 	30	 
	 Section 7.03
	    	No Right to Set-Off	  	 	30	 
	 Section 7.04
	    	Taxes	  	 	30	 
	 Section 7.05
	    	Channel Agreement	  	 	31	 
	 Section 7.06
	    	Access	  	 	31	 
		
	 Article VIII STANDARD FOR SERVICEs
	  	 	31	 
	 Section 8.01
	    	Standard for Services	  	 	31	 
	 Section 8.02
	    	Consents; Compliance with Law; Professional Services	  	 	32	 
	 Section 8.03
	    	Maintenance	  	 	32	 
	 Section 8.04
	    	Modifications	  	 	32	 
	 Section 8.05
	    	Indemnification for Certain Intellectual Property Infringement	  	 	33	 
	 Section 8.06
	    	Indemnification Procedure	  	 	34	 
	 Section 8.07
	    	Disclaimer of Warranties	  	 	34	 
	 Section 8.08
	    	Limitations of Liability	  	 	34	 
	 Section 8.09
	    	No Reporting Obligations	  	 	35	 
		
	 Article IX DISPUTE RESOLUTION
	  	 	35	 
	 Section 9.01
	    	Dispute Resolution	  	 	35	 
		
	 Article X TERM AND TERMINATION
	  	 	36	 
	 Section 10.01
	    	Term and Termination	  	 	36	 
	 Section 10.02
	    	Termination Charges	  	 	37	 
	 Section 10.03
	    	Effect of Termination	  	 	37	 
	 Section 10.04
	    	Force Majeure	  	 	37	 
		
	 Article XI GENERAL PROVISIONS
	  	 	38	 
	 Section 11.01
	    	Independent Contractors	  	 	38	 
	 Section 11.02
	    	Treatment of Confidential Information	  	 	38	 
	 Section 11.03
	    	Audit	  	 	39	 
	 Section 11.04
	    	Further Assurances	  	 	39	 
	 Section 11.05
	    	Notices	  	 	39	 
	 Section 11.06
	    	Entire Agreement	  	 	40	 
	 Section 11.07
	    	No Third-Party Beneficiaries	  	 	40	 
	 Section 11.08
	    	Amendment; Waiver	  	 	40	 
	 Section 11.09
	    	Governing Law	  	 	40	 
	 Section 11.10
	    	Counterparts; Electronic Transmission of Signatures	  	 	40	 
	 Section 11.11
	    	Assignment	  	 	40	 

  
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	 Section 11.12
	    	Rules of Construction	  	 	41	 
	 Section 11.13
	    	Non-Recourse	  	 	41	 
	 Section 11.14
	    	Export Law Compliance	  	 	41	 
	 Section 11.15
	    	The GE Integrity Guide for Suppliers, Contractors and Consultants	  	 	41	 
	 Section 11.16
	    	Subcontractor Flow Downs for United States Government Commercial Items Contracts	  	 	42	 
	 Section 11.17
	    	No Conflict	  	 	42	 

  

							
			
	SCHEDULES	 		  			
	 SCHEDULE 2.01(a)
	 	GE Digital Offerings	  			
	 SCHEDULE 2.02(a)
	 	Form of Request for New Services	  			
	 SCHEDULE 2.04(a)
	 	GE Digital Services Manager	  			
	 SCHEDULE 2.04(b)
	 	Baker Hughes Services Manager	  			
	 SCHEDULE 4.01(a)
	 	Form of Statement of Work	  			
	 SCHEDULE 4.02(e)
	 	Certain Baker Hughes Indemnification Obligations	  			
	 SCHEDULE 4.05(a)
	 	Hosted Services Documentation	  			
	 SCHEDULE 4.07(i)
	 	Baker Hughes Application Contribution Model	  			
	 SCHEDULE 5.03
	 	GE Digital’s Standard Policies for Reporting and Payment	  			
	 SCHEDULE 7.02(b)
	 	Wiring Instructions	  			

  

  
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 GE DIGITAL MASTER PRODUCTS AND SERVICES AGREEMENT 

This GE Digital Master Products and Services Agreement (“Agreement”) is entered into by and between GE Digital LLC, having
its place of business at 2623 Camino Ramon, San Ramon, CA 94583 (“GE Digital”) and Baker Hughes, a GE company, LLC, a Delaware limited liability company (“Baker Hughes”), on this July 3, 2017 (the
“Effective Date”). 
 RECITALS 

WHEREAS, pursuant to that certain Transaction Agreement and Plan of Merger, dated as of October 30, 2016, among GE, Baker Hughes
Incorporated, a Delaware corporation (“BHI”), BHGE (as defined below) and Bear MergerSub, Inc., a Delaware corporation (“Merger Sub”), as amended by the Amendment to Transaction Agreement and Plan of Merger, dated
as of March 27, 2017, among GE, BHI, BHGE, Merger Sub, BHI Newco, Inc., a Delaware corporation, and Bear MergerSub 2, Inc., a Delaware corporation (as may be further amended from time to time, the “Transaction Agreement”), GE
and BHI have agreed to combine GE O&G (as defined in the Transaction Agreement) with BHI and have effected or agreed to effect the Transactions (as defined herein); 

WHEREAS, the Transaction Agreement requires delivery of this Agreement at the Closing Date; 

WHEREAS, in furtherance of the transactions contemplated by the Transaction Agreement, the Parties (as defined below) desire that GE Digital
shall provide or cause to be provided to Baker Hughes Entities certain digital products and services related to Baker Hughes’ digital business; 

WHEREAS, Baker Hughes and GE Digital have discussed the provision of these digital products and services by GE Digital to Baker Hughes for use
by Baker Hughes in connection with developing and managing Baker Hughes’ business, assets, products and solutions and for providing them to Baker Hughes’ customers; 

WHEREAS, the digital products and services that GE Digital wishes to offer Baker Hughes herein are the same digital products and services that
GE Digital makes generally available to GE Industrial Businesses; and 
 WHEREAS, GE Digital and Baker Hughes agree that the provision and
use of such digital products and services shall be governed by the terms and conditions herein. 
 NOW, THEREFORE, in consideration of the
foregoing and the mutual agreements contained herein, the Parties hereby agree as follows: 

  
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 ARTICLE I 

DEFINITIONS 

Section 1.01 Certain Defined Terms. 

(a) Unless otherwise defined herein, all capitalized terms used herein shall have the same meaning as in the Transaction Agreement. 

(b) The following capitalized terms used in this Agreement shall have the meanings set forth below: 

“Acceptable Use Policy” means the document currently available at https://www.predix.io/legal/acceptable-use-policy, which
shall apply to the Predix platform, as it may be reasonably updated along the same topics by GE from time to time and not preempted by any Transaction Document. 

“Advisory Intelligence Services” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Advisory Source Data” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Affiliate” means any individual, company, organization or other entity that, directly or indirectly, is controlled by,
controls or is under common control with such Party by ownership, directly or indirectly, of more than fifty percent (50%) of the stock entitled to vote in the election of directors or, if there is no such stock, more than fifty percent
(50%) of the ownership interest in such individual or entity. For the purposes of this Agreement, (i) references to GE’s “Affiliates” shall be deemed to exclude the Baker Hughes Entities and (ii) references to the Baker
Hughes Entities’ “Affiliates” shall be deemed to exclude GE and its Subsidiaries that are not within the Baker Hughes Entities. 

“Agreement” shall have the meaning set forth in the Preamble. 

“Ancillary Agreements” shall have the meaning ascribed to it in the Transaction Agreement. 

“APC” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Architectural Review” shall have the meaning set forth in Schedule 4.07(i). 

“ATP” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Baker Hughes” shall have the meaning set forth in the Preamble. 

  
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 “Baker Hughes Application” means a Software application that is developed by or
on behalf of Baker Hughes that works in conjunction with one or more GE Digital Products. 
 “Baker Hughes Business” shall
mean the business of Baker Hughes as described in the final Form S-4 Registration Statement filed by Baker Hughes with the United States Securities and Exchange Commission in connection with the Transaction and any reasonably foreseeable
enhancements or extensions thereof (including by further investments therein). 
 “Baker Hughes Content” means information,
documentation, and Software provided by Baker Hughes and/or Baker Hughes Customers for use in connection with the GE Digital Offerings. 

“Baker Hughes Customers” shall mean a third party to whom a Baker Hughes Entity sells or purports to sell a GE Digital
Offering in accordance with the terms herein. 
 “Baker Hughes Entities” shall mean, collectively, Baker Hughes and its
Affiliates on the Effective Date immediately after giving effect to the Closing. 
 “Baker Hughes Infringement Claim” shall
have the meaning set forth in Section 8.05(a). 
 “Baker Hughes Intellectual Property” means Intellectual
Property and Technology owned or Controlled by a Baker Hughes Entity relating to a particular GE Digital Offering created prior to the applicable date of provision of that certain GE Digital Offering. 

“Baker Hughes Services Manager” shall have the meaning set forth in Section 2.04(b). 

“Base Services” shall have the meaning given in Section 2.01(a)(iii). 

“BHGE” means Baker Hughes, a GE company (formerly known as Bear Newco, Inc.), a Delaware corporation and an Affiliate of
Baker Hughes. 
 “Business” shall have the same meaning as the term “GE O&G” as set forth in the Transaction
Agreement. 
 “Business Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York,
New York are authorized or required by applicable Law to close. 
 “Channel Agreement” means that certain Channel
Agreement, dated as of the date hereof (as it may be amended, supplemented or modified from time to time), between GE and Baker Hughes, a GE company. 

“Charges” shall have the meaning set forth in Section 7.02(a). 

“Claim” means any claim, audit, examination, action, cause of action or suit (whether in contract or tort or otherwise),
litigation (whether at law or in equity, whether civil or criminal), assessment, arbitration, mediation, investigation, hearing, charge, complaint, demand, notice or proceeding. Claim shall include Baker Hughes Infringement Claims and GE
Infringement Claims. 

  
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 “Closing” shall have the meaning ascribed to it in the Transaction Agreement.

 “Confidential Information” shall have the meaning set forth in Section 11.02(a). 

“Continuing Services” shall have the meaning given in Section 2.01(a)(i). 

“Consumer Price Index” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Contributions” shall have the meaning set forth in Section 4.07. 

“Control” or “Controlled” means the right to grant a license or sublicense to such Intellectual Property or
Technology as provided for herein without (i) violating the terms of any agreement or other arrangement with any third party, (ii) requiring any consent, approvals or waivers from any third party, or any breach or default by the party
being granted any such license or sublicense being deemed a breach or default affecting the rights of the party granting such license or sublicense or (iii) requiring the payment of material compensation to any third party. 

“Customer Support Guide” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Data Protection Plan” shall have the meaning set forth in Section 7.01(a). 

“Deliverable” means any work product and/or other results of Services in each case of the foregoing to be delivered by GE
Digital or its Subsidiaries to Baker Hughes, as specified in a Statement of Work. 
 “Device Under Test” shall have the
meaning set forth in ANNEX A to Schedule 2.01(a). 
 “Embedded Software” shall have the meaning set forth in
Section 4.04(b). 
 “Force Majeure” means, with respect to a Party, an event beyond the control of such Party
(or any Person acting on its behalf) and which by the exercise of reasonable diligence and prudence the Party affected was unable to prevent, including acts of God, storms, floods, riots, fires, sabotage, civil commotion or civil unrest,
interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one or more acts of terrorism or failure of energy sources. For the avoidance of doubt, the
following shall not be deemed Force Majeure events: general adverse changes or fluctuations in the markets in which GE Digital operates; financial distress or insufficient financial capability of GE Digital to perform the Request for New Services,
Order or Statement of Work; storms, floods and failures of energy sources the effects or extent of which would have been mitigated by reasonable diligence and prudence; or events involving a previous or existing condition at or before the Request
for New Services, Order or Statement of Work date. 

  
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 “Gateway Device” shall have the meaning set forth in ANNEX A to
Schedule 2.01(a). 
 “GE” shall mean the General Electric Company. 

“GE Digital” shall have the meaning set forth in the Preamble. 

“GE Digital Development Software” means GE Digital’s DevOp Tools as defined in Schedule 2.01 and licensed
third-party Software subject to Section 6.01. 
 “GE Digital Foundry Locations” means a space designated by GE
Digital as a “foundry” location for collaboration with third parties which may be changed from time to time. As of the Effective Date, there are GE Digital Foundry Locations in San Ramon, California, Shanghai, China and Paris, France. 

“GE Digital Global Services Contract” means each contract or other arrangement or agreement (whether for the purchase or
supply of goods or services) set forth below, between or among GE Digital, on the one hand, and a third party, on the other hand, which contract or other arrangement or agreement is multi-national, regional or global in scope, and by virtue of such
scope is applicable to, and was entered into by the parties thereto in consideration of its applicability to, one or more of GE or its Affiliates, other than just the Business, in each case, in respect of: 

 

	 	(i)	certain master purchase and sale agreements for the sale and purchase of certain goods and services, as mutually identified and agreed to by the parties; and 

 

	 	(ii)	joint tendering by GE Digital for business of or services to certain third parties, as mutually identified and agreed to by the parties. 

“GE Digital Infringement Claim” shall have the meaning set forth in Section 8.05(b). 

“GE Digital Offerings” means Products and Services. 

“GE Digital Price” means, with respect to each GE Digital Offering, the price determined in accordance with GE Digital’s
then-current standard intercompany transfer price policy that is applied consistently to Baker Hughes and the GE Industrial Businesses. 

“GE Digital Services Manager” shall have the meaning set forth in Section 2.04(a). 

“GE Entities” shall mean, collectively, GE and its Affiliates on the Effective Date immediately after giving effect to the
Closing. 

  
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 “GE Hardware” means hardware equipment that is provided by GE Digital to Baker
Hughes, as described in Section 4.04. 
 “GE Hosted Services” means GE Digital’s hosted Software,
platform, and monitoring services, as described in the Hosted Services Documentation. 
 “GE Industrial Businesses” means
GE industrial operating business segments outlined in GE’s most recent report on Form 10-K filed by GE with the United States Securities and Exchange Commission (e.g., GE Power, GE Aviation, GE Transportation). 

“GE Software” means Software that is provided by GE Digital to Baker Hughes, as described in Section 4.05 and
shall include GE Digital Development Software. 
 “GlobalCare Support Services” shall have the meaning set forth in
ANNEX A to Schedule 2.01(a). 
 “Governmental Authority” means any federation, nation, state, sovereign or
government, any federal, supranational, regional, state or local political subdivision, any governmental or administrative body, instrumentality, department or agency or any court, administrative hearing body, commission or other similar dispute
resolving panel or body, and any other entity exercising executive, legislative, judicial, regulatory or administrative functions of a government. 

“Highly Confidential Information” means Confidential Information of a Party: (i) (A) that is distributed only among
a certain limited set of named individuals pursuant to such Party’s written data classification policy or guideline; and (B) that is appropriately classified with the Party’s top level data classification pursuant to the terms of such
Party’s written data classification policy or guideline; or (ii) where, if such Confidential Information is disclosed improperly, such disclosure would reasonably be expected to have a material and adverse impact on such Party with respect
to product investment, timeframe for competitor to replicate, lost revenues, impact on share price, reputational risk and/or any other non-quantitative risks. 

“Hosted Services Documentation” means the published documentation for the GE Hosted Services, as described in Schedule
4.05(a). 
 “IIOT” means the industrial internet of things. 

“Indemnified Party” shall have the meaning set forth in Section 8.06. 

“Indemnifying Party” shall have the meaning set forth in Section 8.06. 

“Intellectual Property” means all the following whether arising under the Laws of the United States or of any other
jurisdiction: (i) patents, patent applications (including patents issued thereon) and statutory invention registrations, including reissues, divisions, continuations, continuations-in-part, extensions and reexaminations thereof, and all rights
therein provided by international treaties or conventions; (ii) copyrights in works of authorship of any type (including copyrights in Software), mask work rights and design rights, whether or not registered, and registrations and applications
for registration thereof, and all rights therein provided by applicable international treaties or conventions, all moral and common law rights thereto, and all other intellectual property rights associated therewith; (iii) trade secrets;
(iv) trademarks; and (v) all other industrial and intellectual property rights arising from, or in respect to, Technology. 

  
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 “Intercompany Services Agreement” means the Intercompany Services Agreement
between Baker Hughes and General Electric Company dated the Effective Date (as it may be amended, supplemented or modified from time to time). 

“Internet Advisory Site” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Key” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Law” means any United States federal, state, local or non-United States statute, law, ordinance, regulation, rule, code,
order or other requirement or rule of law, including common law. 
 “Local Agreements” shall have the meaning set forth in
Section 2.06. 
 “Long-Term Ancillary Agreements” shall have the meaning ascribed to it in the Transaction
Agreement. 
 “Major Feature” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Monitored Equipment” means the equipment of Baker Hughes and/or Baker Hughes Customers to be monitored with GE Hosted
Services hereunder. 
 “Net Revenue” shall have the meaning set forth in Schedule 4.07(i). 

“New Services” shall have the meaning given in Section 2.01(a)(ii). 

“Opshield” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Order” means a request for Products that has been mutually agreed in writing by the Parties. 

“Party” means GE Digital and Baker Hughes individually, and “Parties” means GE Digital and Baker Hughes
collectively, and, in each case, their permitted successors and assigns. 
 “Person” means an individual, corporation,
partnership, joint venture, association, trust, unincorporated organization, limited liability company or governmental or other entity. 

  
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 “Predix Market Place” means the market place for applications and services
running on the Predix Platform, offered by GE Digital, its Affiliates and third parties, and hosted by GE Digital at www.predix.io. 

“Products” shall mean any and all GE Hardware, GE Software and GE Hosted Services that GE Digital makes generally available
to other GE Industrial Businesses. 
 “Professional Services” shall mean Services that GE Digital makes generally
available to third party customers of other GE Industrial Businesses. 
 “Project” means any specific research and/or
development activities related to Software, hardware or other technology identified as a “Project” in the applicable Statement of Work. 

“Project Leader” shall have the meaning set forth in Section 3.01(a)(v). 

“Protection Packs” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Representative” of a Person means any director, officer, employee, agent, consultant, accountant, auditor, attorney or other
representative of such person. 
 “Request for New Services” shall have the meaning set forth in
Section 2.02(a). 
 “Schedule” means the schedules attached to this Agreement, including each of Schedule
2.01(a), Schedule 2.02(a), Schedule 2.04(a), Schedule 2.04(b), Schedule 4.01(a), Schedule 4.02(e), Schedule 4.05(a), Schedule 4.07(i), Schedule 5.03 and Schedule 7.02(b). 

“Service Packs, SIMs and Upgrades” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Services” shall have the meaning set forth in the Table under the heading “Services” in
Section 2.01(a). For the avoidance of doubt, “Services” do not include GE Hosted Services. 
 “Services
Foreground IP” means all Intellectual Property and Technology created in the course of performance of Services, including that which is reflected in all research records, laboratory notebooks, technical reports, and experimental results.

 “Shared Facilities” shall have the meaning set forth in Section 6.03. 

“Software” means computer software, programs and databases in any form, including (as applicable in context) source code,
object code, operating systems, specifications, libraries, data, databases, database management code, utilities, graphical user interfaces, software engines, software platforms, data formats, versions thereof, and related documentation, developer
notes, comments and annotations. 

  
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 “Statement of Work” shall have the meaning set forth in
Section 3.01(a). 
 “Stockholders Agreement” means that certain Stockholders Agreement, dated as of the date
hereof (as it may be amended, supplemented or modified from time to time), between GE and BHGE. 
 “Tax” shall have the
meaning ascribed to it in the Transaction Agreement. 
 “Technology” means, collectively, designs, formulae, algorithms,
procedures, methods, products, services, techniques, ideas, know-how, results of research and development, Software, descriptions, flow-charts, documentation (including user manuals and other training documentation), tools, data, inventions,
apparatus, creations, improvements, works of authorship and other similar materials, and all recordings, graphs, drawings, reports, analyses and other writings, and any other embodiments of the above, in any form whether or not specifically listed
herein. 
 “Term” shall have the meaning set forth in Section 10.01(a). 

“Termination Charges” means any and all fees or expenses (which may include breakage fees, early termination fees or charges,
or minimum volume charges) owed to any unaffiliated third-party provider as a result of an early termination. 
 “Third-Party
Services” has the meaning defined in Section 4.03(d). 
 “Trademark License Agreement” means that
certain Trademark License Agreement, dated as of the date hereof (as it may be amended, supplemented or modified from time to time), between GE and Baker Hughes, a GE company, LLC. 

“Transaction Agreement” shall have the meaning ascribed to it in the Recitals. 

“Transaction Document” means the Transaction Agreement, any Ancillary Agreement or any Long-Term Ancillary Agreement. 

“Trial Services” shall have the meaning set forth in ANNEX A to Schedule 2.01(a). 

“Trigger Date” shall have the meaning ascribed to it in the Stockholders Agreement. 

“Use” means to use, practice, reproduce, distribute, perform, transmit, display and otherwise exploit; to use for research
and development purposes; to prepare modifications, derivative works or improvements based upon; and to make, have made, sell embodiments or copies of, distribute, offer to sell embodiments or copies of, have sold embodiments or copies of, import,
export, lease and otherwise commercialize or dispose of embodiments or copies of, products and services. 

  
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 ARTICLE II 

SERVICES, DURATION AND SERVICES MANAGERS 

Section 2.01 Services to be Provided. 

(a) Subject to the terms and conditions of this Agreement, GE Digital shall provide (or cause to be provided) to the Baker Hughes Entities
during the Term the following services (each, a “Service” and, collectively, the “Services”): 

(i) ongoing services that have been provided to the Business and described in any written statements of work, purchase orders,
or similar documentation entered into prior to, and in effect as of, the Effective Date (“Continuing Services”); 

(ii) new services that are mutually agreed upon in one or more written statements of work (including Statements of Work),
purchase orders, or similar documentation entered into under this Agreement pursuant to Section 4.01 (“New Services”); and 

(iii) services that GE Digital makes generally available to other GE Industrial Businesses without the requirement for a
written statement of work, purchase order or similar documentation (“Base Services”). 
 The Products and Services set forth on Schedule
2.01(a) are illustrative examples of the Products and Services provided by GE Digital as of the Effective Date. 
 (b) For the avoidance
of doubt: (i) the Services shall not include any services that require GE Digital to provide or communicate Highly Confidential Information unless set forth expressly in a Statement of Work; and (ii) none of the Services shall include any
services inconsistent with applicable Laws or GE Digital’s legal obligations (including, but not limited to, applicable data protection Laws, export control Laws, or GE compliance policies). 

(c) The pricing for each of the Services is as follows: 

(i) The pricing for Continuing Services will be determined by the statement of work or other documentation that is then in
effect unless otherwise agreed by the Parties in writing, in which case such lower pricing shall apply; 
 (ii) The pricing
for New Services will be determined in accordance with the applicable Statement of Work entered into pursuant to Section 3.01; and 

(iii) The pricing, if any, for Base Services shall be the applicable GE Digital Price. 

(d) GE Digital shall not discriminate between Baker Hughes, on the one hand, and other GE Industrial Businesses, on the other, in the offering
or scheduling of the provision of any Service, but except as expressly set forth in this Agreement, nothing in this Agreement shall entitle Baker Hughes to any priority over GE Industrial Businesses in such offering or scheduling. 

  
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 Section 2.02 Request for New Services. 

(a) Any Baker Hughes Entity may submit, from time to time, a written request having the form of Schedule 2.02(a) and signed by a duly
authorized representative of Baker Hughes to the GE Digital Services Manager for the initiation of a New Service to be provided by GE Digital (each, a “Request for New Services”). Each Request for New Service shall be deemed to
incorporate by reference the terms and conditions of this Agreement and be numbered and dated. Requests for New Services shall contain the following information to facilitate the proper accounting of such Service through the intercompany billing
system: 
 (i) a detailed description of the services to be performed; 

(ii) identification of the desired start date and anticipated end date for the requested service; 

(iii) with respect to each service, the anticipated resources necessary for the provision of such service; and 

(iv) Baker Hughes’ location at which such service will be rendered, if applicable. 

(b) GE Digital and the requesting Baker Hughes Entity shall negotiate in good faith to agree upon the terms for the New Service(s) requested in
the Request for New Services and, if such terms are agreed upon, shall enter into a Statement of Work in accordance with Article III. 

Section 2.03 Duration of Services. Subject to the terms of this Agreement, GE Digital shall provide or cause to be provided to the
respective Baker Hughes Entity each Continuing Service or New Service agreed to by the Parties until the date on which such Continuing Service or New Service expires, is terminated in accordance with the applicable statement of work, purchase order
or similar documentation, or is terminated under Article X hereof. If GE Digital generally reduces or discontinues providing a Base Service to all GE Industrial Businesses, then, upon reasonable prior written notice (but in no event less
than the notice that it provides to the other GE Industrial Businesses) to Baker Hughes, GE Digital shall have the right to reduce or terminate such Base Service hereunder and all applicable fees shall be reduced accordingly. 

Section 2.04 Intercompany Service Manager. 

(a) GE Digital hereby appoints and designates the service manager, or managers as the case may be, as indicated in Schedule 2.04(a)
(the “GE Digital Services Manager”), who will be directly responsible for coordinating and managing the delivery of the Services and have authority to act on GE Digital’s behalf with respect to matters relating to this
Agreement. The GE Digital Services Manager will work with the personnel of GE Digital to periodically address issues and matters raised by Baker Hughes relating to this Agreement or any Statement of Work executed hereunder. 

  
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 (b) Baker Hughes hereby appoints and designates the service manager, or managers
as the case may be, as indicated in Schedule 2.04(b) (the “Baker Hughes Services Manager”), who will be directly responsible for coordinating and managing the delivery of the Services and have authority to act on Baker
Hughes’ behalf with respect to matters relating to this Agreement. The Baker Hughes Services Manager will work with the personnel of Baker Hughes to periodically address issues and matters raised by GE Digital relating to this Agreement or any
Statement of Work executed hereunder. 
 (c) Notwithstanding the requirements of Section 11.05, all
communications from (i) Baker Hughes to GE Digital or (ii) GE Digital to Baker Hughes pursuant to this Agreement regarding material matters (including disputes) that arise with respect to the Services shall be made through the GE Digital
Services Manager and the Baker Hughes Services Manager or such other individual as specified by the GE Digital Services Manager or Baker Hughes Services Manager, as applicable, in writing and delivered to Baker Hughes or GE Digital, as applicable,
by email with receipt confirmed. Each Party agrees to notify the other Party of the appointment of a different GE Digital Services Manager or Baker Hughes Services Manager, as applicable, if necessary, in accordance with Section 11.05.

 Section 2.05 Limitations on the Provision of GE Digital Offerings. 

(a) Notwithstanding anything to the contrary set forth herein, GE Digital shall not be required to provide or cause to be provided any GE
Digital Offerings for use in, and Baker Hughes shall not use any GE Digital Offerings in, any business other than the Baker Hughes Business. 

(b) Except as expressly provided in this Agreement (including, without limitation, any Continuing Services), or any other Transaction
Document, unless required in connection with the performance or delivery of a GE Digital Offering, Baker Hughes shall cease using (and shall cause its employees to cease using) any products and services made available by GE Digital to the Business
or their personnel prior to the date hereof. 
 Section 2.06 Local Implementing Agreements. The Parties recognize and agree that
there may be a need to document the Services provided hereunder in various jurisdictions outside of the United States from time to time. The Parties shall enter into, or cause their respective Affiliates to enter into, local implementing agreements
(“Local Agreements”) for Services to be provided hereunder in such jurisdictions as a Party may reasonably request from time to time; provided, however, that the execution or performance of any such Local Agreement
shall in no way alter or modify any term or condition hereof nor the effect thereof. Without limiting the generality of the foregoing, should there be any conflict between any term or condition of a Local Agreement and this Agreement, the terms and
conditions of this Agreement shall prevail. The Parties agree to cooperate in implementing any such Local Agreement in a manner that does not subject GE Digital or any of its Affiliates to income Taxes for the provision of a Service in a
jurisdiction other than those jurisdictions under the laws of which GE Digital or such Affiliate is organized or is, before the implementation of such Local Agreement, a Tax resident. 

  
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 ARTICLE III 

STATEMENTS OF WORK 

Section 3.01 Entering into Statements of Work. 

(a) GE Digital and any Baker Hughes Entity may agree from time to time on New Services to be provided by GE Digital to such Baker Hughes
Entity in accordance with the terms and conditions of this Agreement and such other terms as set forth in a statement of work to be entered into by GE Digital and the applicable Baker Hughes Entity(ies) (each, a “Statement of
Work”). All Statements of Work must be in writing and signed by a duly authorized representative of each of GE Digital and the applicable Baker Hughes Entity prior to the commencement of any New Services under such Statement of Work. Each
Statement of Work shall be: (A) deemed a separate agreement between GE Digital and the respective Baker Hughes Entity, and shall be an independent obligation from any other Statement of Work, (B) deemed to incorporate by reference the terms and
conditions of this Agreement, and (C) numbered and dated. Statements of Work may be in the form set forth in Schedule 4.01(a), and may contain the following elements: 

(i) a statement of the scope and objective of the Project; 

(ii) a detailed description of the New Services to be performed; 

(iii) identification of the Deliverables and schedule for delivery; 

(iv) projected total and annual funding levels for each identified Project, including the funding level for each Baker Hughes
Entity, GE Digital and/or any Governmental Authority and any specified funding limitations; 
 (v) for each identified
Project, the name of the Person designated by each Party (each, a “Project Leader”) to serve on such Party’s behalf as the primary contact between the Parties for such Project; 

(vi) the term of such Statement of Work, including any renewal options; 

(vii) the personnel, services, material or other resources that the applicable Baker Hughes Entity shall provide to enable or
support the services and any other obligations of such Baker Hughes Entity; 
 (viii) identification of applicable export
control and government security classifications for the Project(s); 
 (ix) a statement identifying any Persons or GE
Entities that are co-sponsoring the applicable services under such Statement of Work; 

  
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 (x) provisions for post-Project disposal, sale, or use of any equipment acquired
for any Project(s); 
 (xi) provisions regarding ownership of, and (sub)license rights to, Services Foreground IP; 

(xii) any provisions regarding restrictions on the use of any Intellectual Property relevant to such Statement of Work, which
shall limit the licenses granted in Article V; and 
 (xiii) such other special provisions as are unique to a
specific Statement of Work. 
 (a) The relevant portions of any research records, laboratory notebooks, technical reports, progress reports,
invention records, meeting minutes, and other similar business records arising in the course of performance of New Services under such Statement of Work shall be owned by the Party that owns the related Services Foreground IP pursuant to the terms
of this Agreement or such Statement of Work, as applicable, to the extent that such business records are created during the term of this Agreement with respect to New Services. GE Digital may retain only archival copies of any such business records
owned by a Baker Hughes Entity following the expiration or termination of this Agreement, subject in all respects to the confidentiality restrictions referenced in Article XI. 

Section 3.02 Project Change. If either GE Digital or the applicable Baker Hughes Entity proposes changes in a Project, GE Digital
and the applicable Baker Hughes Entity for the applicable Statement of Work shall discuss such changes, but no changes shall be binding unless mutually agreed upon in writing. Other than with respect to the foregoing right of election, if GE Digital
and the applicable Baker Hughes Entity fails to agree on a change, the Project scope, funding, timing, and other items shall remain, and the New Services shall proceed, as specified in the applicable Statement of Work. 

Section 3.03 Replacement of Project Leaders. Except as otherwise mutually agreed to in writing in the applicable Statement of
Work, each Party to a Statement of Work may, in its sole discretion, appoint an adequately qualified new or alternate Project Leader for each Project to manage its obligations hereunder. Each Party to a Statement of Work agrees to provide the other
Parties with written notification if and when such Party appoints a new or alternate Project Leader. 
 Section 3.04
Subcontracting. GE Digital may hire or engage one or more subcontractors to perform any or all of its obligations under this Agreement; provided that (a) GE Digital shall use the same degree of care in selecting any such
subcontractor as it would if such subcontractor was being retained to provide similar services to GE Digital; and (b) GE Digital shall in all cases remain primarily responsible for performance of all of its obligations hereunder. 

  
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 ARTICLE IV 

GE DIGITAL OFFERINGS 

Section 4.01 Products. Baker Hughes may submit Orders to GE Digital for Products, including, without limitation, the Products
identified on Schedule 2.01(a), subject to the applicable terms and conditions of this Agreement and the applicable Order. If accepted by GE Digital, which acceptance shall be consistent with Section 2.01(d), such Orders shall be
binding upon the Parties and incorporate the terms and conditions of this Agreement. Any purchase order, order receipt, acceptance, confirmation, correspondence, online terms, or other confirmatory documents presented by Baker Hughes or GE Digital
shall be deemed to be presented for payment purposes only and each Party specifically objects to, and shall not be bound by, any additional or different terms contained in such documents. Any GE Digital Offerings that are provided by third parties
are subject to any written agreements between GE Digital and such third parties. GE Digital shall provide Baker Hughes copies of any such agreements upon Order to the extent they impose any obligations on Baker Hughes. For the avoidance of doubt,
subject to Section 7.05, Orders may be based on requests for Products that Baker Hughes receives from Baker Hughes Customers. If such an Order is entered into by the Parties, GE Digital shall provide the requested Products to Baker
Hughes to pass on to the requesting Baker Hughes Customer. 
 Section 4.02 GE Hosted Services. 

(a) GE Digital shall provide Baker Hughes with access to the GE Hosted Services in accordance with any applicable Order and GE Digital’s
standard product documentation, including the product specific terms described in Schedule 4.05(a) (“Hosted Services Documentation”). Baker Hughes agrees to use the GE Hosted Services solely in accordance with this Agreement, the
Hosted Services Documentation and the applicable Order. 
 (b) GE Hosted Services shall be made accessible to Baker Hughes by means of
remote connection. The date of delivery shall be deemed to be the date when GE Digital makes the GE Hosted Services available to Baker Hughes and reasonably communicates that availability to Baker Hughes. GE Digital represents and warrants that
(i) any Baker Hughes account-level credentials provided to Baker Hughes or its Affiliates or established by Baker Hughes or its Affiliates for accessing the GE Hosted Services shall not be used by GE Digital other than as necessary to provide
the GE Hosted Services with the consent of Baker Hughes and (ii) all credentials provided to Baker Hughes or its Affiliates or established by Baker Hughes or its Affiliates for accessing the GE Hosted Services shall not be made available to any
unauthorized third party and that GE Digital shall hold such credentials in confidence as Confidential Information pursuant to Section 11.02. 

(c) GE Digital may change, discontinue, or deprecate any of the GE Hosted Services (including individual services or the GE Hosted Services as
a whole) or change or remove features or functionality of the GE Hosted Services or revise the applicable Hosted Services Documentation, from time to time and in a manner consistent with the treatment of other GE Industrial Businesses.

  
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If such change, discontinuation, or deprecation is more than de minimis, GE Digital shall promptly (but in no event less notice than reasonable notice and no less notice than GE
Digital provides other GE Industrial Businesses) notify Baker Hughes in writing of all updates or changes to the GE Hosted Services. Without limiting the generality of the foregoing, GE Digital may change, terminate, or discontinue all or a portion
of the GE Hosted Services with the required notice in a manner consistent with the treatment of other GE Industrial Businesses if: GE Digital’s relationship with a third-party provider of such GE Hosted Services terminates, expires, or requires
GE Digital to change the way GE Digital provides a portion of the GE Hosted Services; if required to comply with Law or requests or government entities; or if GE Digital determines that use of the GE Hosted Services by Baker Hughes or the provision
of the GE Hosted Services to Baker Hughes is prohibited or impractical due to any applicable Law. If GE Digital changes, discontinues or adds to the technical support plans generally provided to other GE Industrial Businesses, GE Digital may change,
discontinue, or add to the technical support plans for the GE Hosted Services from time to time by posting a notice to the Web site where such technical support plans are described and, if such change is more than de minimis, promptly
notifying the Baker Hughes Services Manager in writing with the notice period given to the other GE Industrial Businesses. 
 (d) A
Statement of Work or Order may specify usage or deployment limitations relating to the GE Hosted Services. GE Digital may enforce such usage limitations by technical or resource restrictions. If a usage limitation designated in a Statement of Work
or Order is based on limitations or entitlements not monitored by GE Digital, then Baker Hughes agrees to limit its usage only to the designated scope or notify GE Digital if such limitations are exceeded. Baker Hughes shall use the GE Hosted
Services solely for the Baker Hughes Business as permitted by this Agreement and shall not license, sublicense, sell, resell, rent, lease, transfer, assign, distribute, time share or otherwise commercially exploit the GE Hosted Services or make the
GE Hosted Services available to any third party, other than as expressly permitted by this Agreement, including in Section 4.06, or as otherwise agreed to in writing by GE Digital. 

(e) Baker Hughes acknowledges that the GE Hosted Services are dependent upon the Internet and are therefore not intended for real time or
ultra hazardous activities, and, unless agreed to in writing by the Parties, Baker Hughes agrees not to use the GE Hosted Services to control the operation of any nuclear power facility or life support equipment. Unless agreed to in writing by the
Parties, Baker Hughes’s indemnification obligations with respect to this Section 4.02(e) shall be in accordance with the terms set forth in Schedule 4.02(e). 

(f) GE Digital may suspend Baker Hughes’ right to access or use any portion or all of the GE Hosted Services immediately upon written
notice to Baker Hughes if Baker Hughes’ use of or registration for the GE Hosted Services (i) is unlawful, fraudulent, or prohibited by any applicable Law, (ii) poses a material security threat to the GE Hosted Services, GE Digital,
GE Digital’s Affiliates, or any third party, (iii) compromises, in the event of a cyber incident, GE Digital’s information technology-related resources, (iv) materially and adversely impacts the integrity of the GE Hosted
Services or the systems or content of any other customer of GE Digital, or (v) violates the Acceptable Use Policy (unless and except as otherwise allowed for herein or by another Transaction Document) or acts in a manner inconsistent with Baker
Hughes’ responsibilities as set forth in Section 4.03. 

  
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 Section 4.03 Baker Hughes’ Responsibilities. 

(a) As between the Parties, except as set forth herein, Baker Hughes is solely responsible for the development, content, operation,
maintenance, and use of Baker Hughes Content and Monitored Equipment. As between the Parties, Baker Hughes is responsible for securing all necessary rights and permissions to provide Baker Hughes Content to GE Digital and to use Baker Hughes Content
or Monitored Equipment with the GE Hosted Services. Baker Hughes is solely responsible for the condition, maintenance, and use of Monitored Equipment. For example, as between the parties, Baker Hughes is solely responsible for: 

(i) the technical operation of Baker Hughes Content, including ensuring that calls Baker Hughes makes to or from any Baker
Hughes application or service are compatible with the GE Hosted Services; 
 (ii) compliance of Baker Hughes Content with the
Acceptable Use Policy, Data Protection Plan, and applicable Hosted Services Documentation, unless and except as otherwise allowed for herein or by another Transaction Document; 

(iii) compliance by Baker Hughes with all applicable Laws, executive orders and court orders in using the GE Hosted Services;

 (iv) any claims relating to Baker Hughes Content, except for a) claims arising from any unauthorized, accidental, or
unlawful loss, access, or disclosure of Baker Hughes Content from the GE Hosted Services that is unrelated to any act or omission by Baker Hughes or b) Baker Hughes Infringement Claims (as defined in Section 8.05(a)); 

(v) the operation, control, and maintenance of Monitored Equipment and ensuring that Baker Hughes’ computer systems and
Monitored Equipment meet the technical requirements for the GE Hosted Services; 
 (vi) the accuracy and completeness of
Baker Hughes Content; and 
 (vii) proper handling and processing of notices sent to Baker Hughes (or any of Baker
Hughes’ Affiliates) by any person claiming that Baker Hughes Content violates such person’s rights, including notices pursuant to the U.S. Digital Millennium Copyright Act or similar laws of other countries. 

(b) Baker Hughes is responsible for properly configuring and using the GE Hosted Services and taking Baker Hughes’ own steps to maintain
appropriate backup of Baker Hughes Content or arrange for such a backup with GE Digital pursuant to a separate agreement the terms of which shall be mutually agreed upon by the Parties, which may include routine archiving of Baker Hughes Content.
Baker Hughes’ credentials (which may include username, passwords, tokens, certificates, keys, and pins) issued by GE Digital or selected by Baker Hughes for accessing the GE Hosted Services are for Baker Hughes’ internal use only and Baker
Hughes may not share, sell, transfer, or sublicense them to any other entity or person, except that Baker Hughes may disclose Baker Hughes’ credentials to Baker Hughes’ agents and subcontractors performing work on Baker Hughes’
behalf. Other than as set forth herein to the contrary, Baker Hughes is responsible for any use of Baker Hughes’ credentials and for notifying GE Digital promptly of any breach of security related to Baker Hughes’ credentials of which it
becomes aware. 

  
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Baker Hughes is responsible for complying with all security requirements communicated to Baker Hughes in writing for securing Baker Hughes Content in connection with using the GE Hosted Services.
Each Party is deemed to have taken any action that such Party knowingly permits, assists, or facilitates any user or any other person or entity to take related to this Agreement, Baker Hughes’ Content or the GE Hosted Services. Neither Baker
Hughes nor its users shall tamper with or take any action to circumvent any security feature or attempt to exceed authorized access to the GE Hosted Services or its related systems or networks; interfere with or disrupt the integrity or performance
(other than performance degradation by normal use) of the GE Hosted Services or the data contained therein; or knowingly or recklessly send or store material containing software viruses, worms, Trojan horses or other harmful computer code, files,
scripts, agents or programs. If Baker Hughes becomes aware of any violation of this Agreement by a user, Baker Hughes shall immediately address such violations, up to and including terminating such user’s access to Baker Hughes Content and the
GE Hosted Services and concurrently notify GE Digital and Baker Hughes shall use its reasonable efforts in good faith to cooperate with GE Digital in investigating any such apparent violation of this Agreement. If GE Digital becomes aware of any
apparent unauthorized access to the GE Hosted Services or its related systems or networks, GE Digital shall promptly conduct an investigation and address such violation, and Baker Hughes shall use its reasonable efforts in good faith to cooperate
with GE Digital in investigating any apparent unauthorized access to the GE Hosted Services or its related systems or networks. 
 (c)
Except as expressly provided in a Statement of Work or Order, Baker Hughes is solely responsible for providing Internet connectivity for Baker Hughes’ facilities and Monitored Equipment as necessary to access and use the GE Hosted Services
(including all ISP charges). GE Digital does not and cannot control the flow of data to or from GE Digital’s network and other portions of the Internet. Such flow depends in large part on the performance of Internet services provided or
controlled by third parties. At times, actions or inactions of such third parties can impair or disrupt their Baker Hughes’ connections to the Internet (or portions thereof). Although GE Digital shall use commercially reasonable efforts to take
all actions it deems appropriate to remedy and avoid such events, GE Digital cannot guarantee that such events will not occur. 
 (d) If
specified on GE Digital’s Web sites for the GE Hosted Services, third parties may offer independent services, including hosted application services (“Third-Party Services”), directly to Baker Hughes under a separate agreement,
and Baker Hughes’ written acceptance of such offers constitutes a separate agreement solely between Baker Hughes and the third-party provider thereof. If Baker Hughes subscribes to Third-Party Services, Baker Hughes consents to GE Digital
sharing with the third-party provider, subject to confidentiality terms contained in any agreements with such third party provider: (i) Baker Hughes contact and account information, (ii) Baker Hughes Content in connection with Baker
Hughes’ use of the Third-Party Services, and (iii) additional information, if any, disclosed in writing to Baker Hughes in connection with the Third-Party Services. 

(e) The above terms and conditions apply to Baker Hughes when using the GE Hosted Services for its internal use and to Baker Hughes Customers
when using Baker Hughes Applications hosted or provided using the GE Hosted Services. When Baker Hughes uses the GE Hosted Services to host and provide a Baker Hughes Application to a Baker Hughes Customer, Baker Hughes shall cause such Baker Hughes
Customer to agree to terms and conditions that are substantially similar to those terms and conditions set forth in this Agreement and the Orders that are applicable to the GE Hosted Services. 

  
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Baker Hughes also may provide Baker Hughes Applications to Baker Hughes Customers under additional or different terms and conditions, provided that there is no material change to the scope of use
upon which any pricing assumptions are based, and provided further that, subject to Section 8.06, Baker Hughes indemnifies, defends, and holds GE Digital and its Affiliates, and their respective officers, directors, employees and agents
harmless from all costs, liabilities, and obligations caused by any third party claim (except a Baker Hughes Infringement Claim) to the extent arising from such additional or different terms and conditions. 

Section 4.04 GE Hardware. 

(a) In accordance with the applicable Statement of Work or Order, GE Digital shall provide Baker Hughes with GE Hardware. Delivery of GE
Hardware sold shall be made FCA GE Digital’s facility (Incoterms 2010). Title to GE Hardware shipped by GE Digital from the United States shall pass to Baker Hughes immediately after each item departs from the territorial land, seas, and
overlying airspace of the United States. Title to all other GE Hardware sold shall pass when such GE Hardware is made available for shipment at the point of shipment. Delivery of GE Hardware leased to Baker Hughes shall be made by commercially
reasonable means. Title to such leased GE Hardware shall not pass to Baker Hughes. Title to any Software embedded in or included with GE Hardware does not pass to Baker Hughes. 

(b) If Software is provided to Baker Hughes as an embedded part of GE Hardware (“Embedded Software”), Baker Hughes may use
such software only as embedded within the GE Hardware provided to Baker Hughes. Except for routine backups and implementing routine updates and upgrades, Baker Hughes shall have no rights to copy or modify Embedded Software, other than through an
API or as permitted by applicable product documentation. Baker Hughes may transfer this license to a third party only to the extent that transfer of the associated GE Hardware is permitted by this Agreement and only as embedded therein. Embedded
Software shall otherwise be governed by the license restrictions set forth in Section 4.03 herein. Notwithstanding the foregoing, Baker Hughes may provide Embedded Software to Baker Hughes Customers under additional or different terms
and conditions, provided that there is no material change to scope of use upon which any pricing assumptions are based, and provided further that, subject to Section 8.06, Baker Hughes indemnifies, defends, and holds GE Digital and its
Affiliates, and their respective officers, directors, employees and agents harmless from all costs, liabilities, and obligations caused by third party claims (except a Baker Hughes Infringement Claim) to the extent arising from such additional or
different terms and conditions. 
 Section 4.05 Software. Unless otherwise specified in a Statement of Work or Order, GE
Software shall be made available by GE Digital for electronic download by Baker Hughes. GE Digital shall be deemed to have delivered GE Software when GE Digital makes the GE Software available for download by Baker Hughes and notifies Baker Hughes
of such availability. If a Statement of Work or Order specifies that Software is to be delivered to Baker Hughes on physical media, then delivery of physical media shall be made FCA GE Digital’s facility (Incoterms 2010). No title to the GE
Software is transferred. 

  
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 Section 4.06 Professional Services. In accordance with the applicable Statement of
Work or request for Professional Services that has been accepted by GE Digital in writing (in each case where a specific end-user customer is specified as the intended beneficiary of Professional Services), Baker Hughes may engage GE Digital to
perform Professional Services for Baker Hughes Customers. Baker Hughes shall cause each Baker Hughes Customer to whom such Professional Services will be provided to enter into legally binding, written agreements in a form acceptable to GE Digital
(and containing such limitations and restrictions as may be contained in the applicable Statement of Work or agreed request), or Baker Hughes may provide such Professional Services to Baker Hughes Customers under additional or different terms and
conditions (without the requirement that such terms and conditions be in a form acceptable to GE Digital), provided that there is no change to the scope of use upon which any pricing assumptions are based, and provided further that, subject to
Section 8.06, Baker Hughes indemnifies, defends, and holds GE Digital and its Affiliates, and their respective officers, directors, employees and agents harmless from all costs, liabilities, and obligations caused by third party claims
(except a Baker Hughes Infringement Claim) to the extent arising from such additional or different terms and conditions. 

Section 4.07 Contributions. In connection with the GE Digital Offerings, any Baker Hughes Entity may (but shall not be required
to) provide to GE Digital the following (“Contributions”): 
 (i) Baker Hughes Applications being
contributed to the Predix Market Place, including any Intellectual Property inherent therein and appurtenant thereto. Contributions, if any, made in accordance with the previous sentence of this subsection (i) shall be in accordance with the terms
and conditions in Schedule 4.07(i), or as may be otherwise mutually agreed in writing by the Parties; 
 (ii) Any bug
fixes, patches, insubstantial software fragments, as well as extensions and improvements made to the source code of any Product that have been developed by or on behalf of such Baker Hughes Entity, if and when provided to GE Digital, including any
Intellectual Property inherent therein and appurtenant thereto. Except as otherwise specified in writing by Baker Hughes, Baker Hughes hereby grants to GE Digital a perpetual, irrevocable, non-exclusive, non-transferable, royalty-free, fully
paid-up, worldwide license to a) Use those Contributions actually made both internally as well as for the benefit of GE Digital’s customers and other third parties; as well as b) to sublicense those Contributions but only as part of a transfer
or license of the GE Digital Offering incorporating the Contribution pursuant to the previous sentence of this subsection (ii); and 

(iii) Software other than a GE Digital Offering or Deliverable developed by or on behalf of such Baker Hughes Entity pursuant
to a collaboration between the Parties that is agreed to by the Parties in writing, including any Intellectual Property inherent therein and appurtenant thereto. Terms and conditions relating to (including, without limitation, the use of,
Intellectual Property rights relating to and the financial conditions, if any, relating to) those Contributions, if any, made in accordance with the previous sentence of this subsection (iii) shall be mutually agreed to in writing by the
Parties in connection with the relevant collaboration. 

  
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 ARTICLE V 

INTELLECTUAL PROPERTY 

Section 5.01 License to Baker Hughes Intellectual Property and Content. Except as otherwise specified in this Agreement, a
Statement of Work or Order, Baker Hughes shall retain all rights in the Baker Hughes Intellectual Property and Baker Hughes Content. Subject to GE Digital’s payment of any applicable fees and compliance with this Agreement, Baker Hughes hereby
grants, and shall cause its Affiliates to grant, a royalty-free, fully paid-up, non-exclusive, limited right and license, with no right to sublicense (except pursuant to Section 3.04), for GE Digital to access and Use the Baker Hughes
Intellectual Property owned by Baker Hughes, any Services Foreground IP owned by Baker Hughes and Baker Hughes Content owned by Baker Hughes to: (i) provide the GE Digital Offerings to Baker Hughes; (ii) perform any other obligation of GE
Digital under this Agreement, and any Statements of Work or Orders; and (iii) maintain, develop and improve the GE Digital Offerings, including selling or offering for sale such Products or Services incorporating the Baker Hughes Intellectual
Property and Baker Hughes Content.  
 Section 5.02 License for Baker Hughes Internal Use. Subject to Baker Hughes’
payment of all applicable Charges and compliance with this Agreement, GE Digital hereby grants, and shall cause its Affiliates to grant, to Baker Hughes a limited, non-transferable, non-exclusive right and license for Baker Hughes Entities to access
and Use (as that defined term is applicable to internal business purposes) any: (i) Products provided by GE Digital to Baker Hughes; and (ii) Deliverables containing Intellectual Property, Technology or Services Foreground IP owned by GE
Digital or its Affiliates, in each case of (i) and (ii), for Baker Hughes’ internal business purposes and to provide services to third party customers; provided, Baker Hughes does not provide the Products or Deliverables to such customers.
With respect to Products and Deliverables provided by GE Digital to Baker Hughes hereunder, Baker Hughes will comply with any license limitations (such as named or concurrent user limits, limits on numbers of copies or processors, or restrictions to
designated computers or facilities) described on the applicable software/product documentation or Statement of Work or Order. Baker Hughes shall use such Products and Deliverables solely for the Baker Hughes Business as permitted by this Agreement
and shall not license, sublicense, sell, resell, rent, lease, transfer, assign, distribute, time share or otherwise commercially exploit such Products and Deliverables or make them available to any third party, other than as expressly permitted by
this Agreement or the applicable software/product documentation or Statement of Work or Order. 
 Section 5.03 License for
Redistribution to Customers. Subject to Baker Hughes’ payment of all applicable Charges and compliance with this Agreement, Baker Hughes shall have the right and/or license to provide: (i) Products and (ii) Deliverables containing
Intellectual Property, Technology or Services Foreground IP owned by GE Digital and/or its Affiliates, in each case of (i) and (ii): to Baker Hughes Customers to the extent such right and/or license is expressly granted by the applicable Statement
of Work or Order, or to the extent that a specific end-user customer is specified as the intended beneficiary of the Products and Deliverables in the applicable Statement of Work or Order. 

  
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Baker Hughes shall cause each Baker Hughes Customer to whom it provides such Products or Deliverables to enter into legally binding, written agreements in a form acceptable to GE Digital (and
containing such limitations and restrictions as may be contained in the applicable Statement of Work or Order), or Baker Hughes may provide such Products and Deliverables to Baker Hughes Customers under additional or different terms and conditions
(without the requirement that such terms and conditions be in a form acceptable to GE Digital), provided that there is no change to the scope of use upon which any pricing assumptions are based, and provided further that, subject to
Section 8.06, Baker Hughes indemnifies, defends, and holds GE Digital and its Affiliates, and their respective officers, directors, employees and agents harmless from all costs, liabilities, and obligations arising from such additional
or different terms and conditions. Baker Hughes shall follow GE Digital’s then-current, standard policies for reporting on intra-company sales and payment of royalties for any such Products or Deliverables, for which the current standard
policies are as set forth in Schedule 5.03. Baker Hughes shall be solely responsible for technical support and maintenance for GE Digital Offerings to be provided to Baker Hughes Customers, except to the extent that GE Digital generally
provides such support to GE Industrial Businesses or has agreed in writing to provide such support in an Order or Statement of Work. 

Section 5.04 Access for Product Development. Subject to Baker Hughes’ payment of all applicable Charges and compliance with
this Agreement, GE Digital hereby grants, and shall cause its Affiliates to provide to Baker Hughes the right to access and Use all GE Digital Development Software, generally on the same access terms (including access to source code made generally
available to other GE Industrial Businesses) as the other GE Industrial Businesses, for the purpose of Baker Hughes development and support of Baker Hughes Applications (including any rights to provide and/or license the Baker Hughes Applications to
Baker Hughes Customers). Baker Hughes shall indemnify GE Digital, subject to Section 8.06, for any third party claims against GE Digital, its Affiliates or its customers arising as a result of Baker Hughes’ access to or use of the
GE Digital Development Software. 
 Section 5.05 No Support Obligations. Except as expressly provided in a Statement of Work,
Order or other written documentation agreed to by the Parties, GE Digital shall have no support obligations with respect to any modifications or customizations to any Products and Deliverables that are made by Baker Hughes, Baker Hughes Customers or
third parties contracted by Baker Hughes. 
 Section 5.06 IP Ownership of Products and Deliverables. Except as otherwise
specified in this Agreement, a Statement of Work, or an Order, GE Digital shall retain all Intellectual Property rights in the GE Digital Offerings, including all modifications or improvements thereto occurring during the course of this Agreement,
no matter which party made such improvements or modifications. Baker Hughes, its Affiliates, the Baker Hughes Customers and its and their customers may not sublicense, distribute, create derivative works of or reverse engineer any of the GE Digital
Offerings except as otherwise agreed in writing by the Parties. Except as otherwise specified in this Agreement, a Statement of Work, or an Order, Baker Hughes shall own all Intellectual Property rights in any Deliverables that do not constitute
improvements or modifications to GE Digital Offerings (which shall then be considered “Baker Hughes Intellectual Property” pursuant to Section 5.01) and GE Digital, its Affiliates, and its and their customers may not
sublicense, distribute, create derivative works of or reverse engineer any of such Baker Hughes Deliverables. 

  
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 Section 5.07 Governmental Restrictions and Approvals. The licenses contemplated in
Section 5.01, Section 5.02, Section 5.03 and Section 5.04 of this Agreement shall be subject to any required Governmental Authority approvals, restrictions or reservations, including any of the
foregoing that arise out of the funding of any Statement of Work, in whole or in part, by a Governmental Authority. The Parties shall use reasonable efforts in good faith to promptly notify the other party of any such Governmental Authority
approvals, restrictions or reservations as early as possible (and preferably prior to a Statement of Work or Order being entered into) and to obtain any and all such approvals that may be required. 

Section 5.08 Third-Party IP. Other than for DevOPs Tools (as described in Schedule 2.01(a)), if GE Digital requires any
license or other rights to third-party Intellectual Property or Technology in order to provide standard GE Digital Offerings, GE Digital shall be solely responsible for using its reasonable efforts to (a) secure such licenses or rights at its sole
cost or (b) modify the GE Digital Offerings so as to not require such third-party Intellectual Property or Technology. If GE Digital requires any license or other rights to third-party Intellectual Property or Technology to meet Baker Hughes custom
requirements or specifications, GE Digital shall notify the applicable Baker Hughes Entity in writing as soon as practicable after GE Digital identifies such a requirement. Baker Hughes and GE Digital acknowledge and agree that as to Baker Hughes
custom requirements or specifications there can be no assurance that such licenses or other rights will be successfully obtained or obtained on acceptable terms and, where such licenses or other rights are identified after a Statement of Work or
Order has been entered into, the applicable Baker Hughes Entity and GE Digital shall agree to work together in good faith to resolve the issue, which may include changing the scope or terminating such Statement of Work or Order. 

ARTICLE VI 
 OTHER
ARRANGEMENTS 
 Section 6.01 Third-Party Software and Software Licenses. To the extent that GE Digital can extend its
existing third-party Software licenses to Baker Hughes as an affiliate, it shall use reasonable efforts to do so if and to the extent requested by Baker Hughes, provided, however, that Baker Hughes will be responsible for any
additional fees or other payments to which Baker Hughes agrees resulting from such extension. In the event that GE Digital is unable to extend existing third-party Software licenses to Baker Hughes, and if and to the extent requested by Baker
Hughes, GE Digital shall use commercially reasonable efforts in good faith to assist Baker Hughes in its efforts to obtain licenses (or other appropriate rights) to use, duplicate and distribute, as necessary, certain third-party Software disclosed
in a Statement of Work or Order as necessary for GE Digital to provide, or Baker Hughes to receive or use, GE Digital Offerings pursuant to such Statement of Work or Order; provided, however, that Baker Hughes shall identify the
specific types and quantities of any such Software licenses; provided, further, that GE Digital shall not be required to pay any incremental fees or other payments or incur any obligations to enable Baker Hughes to obtain any such
license or rights; and provided, further, that GE Digital shall not be required to seek broader rights or more favorable terms for Baker Hughes than those applicable to GE Digital or Baker Hughes, as the case may be, prior to the
Effective Date or as may be applicable to GE Digital from time to time hereafter. 

  
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The Parties acknowledge and agree that there can be no assurance that GE Digital’s efforts will be successful or that Baker Hughes will be able to obtain such licenses or rights on
acceptable terms or at all and, where GE Digital enjoys rights under any enterprise, site or similar license grant, the Parties acknowledge that such license typically precludes partial transfers or assignments or operation of a service bureau. 

Section 6.02 GE Digital Global Services Contracts. 

(a) Notwithstanding Section 6.02 of the Transaction Agreement, following the Closing Date, GE Digital shall (i) allow and cause
Baker Hughes to continue as a participating party under all GE Digital Global Services Contracts (that do not by their terms automatically terminate as to Baker Hughes as a result of the Closing) with the same benefits and obligations as the
Business has under such contracts as of the Effective Date, (ii) cooperate with Baker Hughes to approach each third-party counterparty to a GE Digital Global Services Contract, in respect of which, Baker Hughes, as of the Closing Date, may not
qualify for continued participation, to allow for Baker Hughes’ continued participation under such GE Digital Global Services Contract in accordance with the terms thereof, in each case, without further net payment or consideration by GE
Digital for such continued participation by Baker Hughes and (iii) allow Baker Hughes to be a participating party under any GE Digital Global Services Contract entered into after the Closing Date with the same benefits and obligations as other
GE Industrial Businesses subject to the consent of the applicable third party to the GE Digital Global Services Contract and without additional net payment or consideration by GE Digital. 

(b) Baker Hughes’ obligation to pay any amount under this Section 6.02 in respect of any GE Digital Global Services Contract
shall be determined consistent with the methodology applied in respect of the Baker Hughes Business’ applicable participation or as agreed to by the Parties in connection with any GE Digital Global Services Contract entered into after the
Closing Date, and each such participation shall constitute a Service for purposes of this Agreement. 
 Section 6.03 Access to GE
Digital Facilities. 
 (a) With respect to a determination by GE Digital to grant Baker Hughes a license to use and access space at
certain of its facilities as set forth in Section 5.04 of the Intercompany Services Agreement (such facilities, the “Shared Facilities”), GE Digital shall grant to Baker Hughes a limited license to use and access the Shared
Facilities in accordance with the terms of the Intercompany Services Agreement. The annual rental costs for such Shared Facilities shall be calculated on the same basis and methodology as set forth in the Intercompany Services Agreement. GE Digital
shall not discriminate between Baker Hughes, on the one hand, and any GE Entity, on the other, in providing access to any Shared Facility, but nothing in this Agreement shall entitle Baker Hughes any priority over any GE Entities for such access.

  
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 (b) With respect to GE Digital Foundry locations and other GE Digital facilities where space is
allocated on a reservation based system, GE Digital shall grant Baker Hughes the same access as provided to other GE Industrial Businesses. Baker Hughes shall cause its Representatives to comply with GE Digital’s applicable site rules and
procedures to which GE Digital provides Baker Hughes advanced notice. GE Digital shall not discriminate between Baker Hughes, on the one hand, and any GE Entity, on the other, in providing access to the Digital Foundry or other GE Digital facility,
but nothing in this Agreement shall entitle Baker Hughes any priority over any GE Entities for such access. The costs shall be calculated on the same basis and methodology as charged to other GE Industrial Businesses. 

ARTICLE VII 

ADDITIONAL AGREEMENTS 

Section 7.01 Security and Data Privacy. 

(a) GE Digital shall use reasonable efforts to implement appropriate security measures, in accordance with GE Digital’s standard security
policies applicable to the GE Digital Offerings, including but not limited to the Data Protection Plan which shall apply to the Predix platform and is available at www.predix.io/legal, (each a “Data Protection Plan”) designed to
secure Baker Hughes Content against unauthorized, accidental, or unlawful loss, access, or disclosure. Where there is a conflict between the Data Protection Plan and this Agreement, this Agreement shall control. GE Digital reserves the right to
modify Data Protection Plans from time to time in a manner consistent with Section 2.01(d) upon prompt written notice to Baker Hughes. With respect to Baker Hughes Content, GE Digital shall act as the data processor of Baker Hughes
Content in accordance with Baker Hughes’ instructions as contemplated by this Agreement. If Baker Hughes Content includes any data subject to specific legal or regulatory requirements (including, but not limited to, health care data, sensitive
personal information, export-controlled data, or sensitive government data), then Baker Hughes shall be responsible for determining whether any GE Hosted Service meets such requirements, unless GE Digital has expressly stated in this Agreement, a
Statement of Work or an Order that the Service is designed to meet such requirements. However, Baker Hughes shall be entitled to rely upon written statements from GE Digital as to the features of any GE Hosted Service in order to make any such
determination. 
 (b) Subject to any third-party restrictions or Intellectual Property rights, Baker Hughes consents to GE Digital’s
collection, use, and disclosure of information associated with the Services as described in this Agreement and the applicable Data Protection Plan, and in particular to the processing of Baker Hughes Content in, and the transfer of Baker Hughes
Content into, any country in which GE Digital or GE Digital’s Affiliates or subcontractors maintain facilities (including the United States), but only to the extent permitted by applicable Law. GE Digital shall treat Baker Hughes contact
information (including personal information of Baker Hughes representatives) in accordance with GE Digital’s Privacy Policy available at www.predix.io/legal; provided that GE Digital shall not expand the scope of GE Digital’s
Privacy Policy as of the date hereof to apply to other topics without the prior written approval of Baker Hughes. Subject to any applicable customer restrictions communicated to GE Digital in writing, Baker Hughes consents to the disclosure of Baker
Hughes Content to GE Digital’s subcontractors, provided that the subcontractors are bound to maintain and use Baker Hughes Content solely in accordance with this Agreement. 

  
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Each Party may conduct periodic screenings of the other and of its beneficial owners, including screening against official government lists that restrict business dealings with certain parties,
for the purpose of satisfying local and multi-national legal obligations and such Party’s risk management requirements. Each Party consents to such screenings and is responsible for providing any notices and obtaining any consents necessary for
such screenings. 
 Section 7.02 Costs. 

(a) The relevant Baker Hughes Entity shall pay to GE Digital, unless otherwise specified in the applicable Statement of Work, Order or request
for Professional Services, as applicable, (i) the fees agreed upon by the Parties for the Services in the applicable Statement of Work or request for Professional Services and (ii) GE Digital Price (each fee in (i) and
(ii) constituting a “Charge” and, collectively, “Charges”). 
 (b) GE Digital shall invoice Baker
Hughes using the intercompany billing system of GE and its Affiliates (which shall continue to be settled through such intercompany billing system for so long as the intercompany billing system is made available under the Intercompany Services
Agreement). GE Digital shall invoice Baker Hughes monthly in arrears for any other GE Digital Offerings provided by GE Digital. All payments by Baker Hughes are due to GE Digital within thirty (30) calendar days of receipt of such invoices by wire
transfer to the accounts specified on Schedule 7.02(b). Such payments shall be made by wire transfer to the account specified by GE Digital on Schedule 7.02(b). To the extent consistent with past practice with respect to Services
rendered outside the United States, payments may be required to be made in local currency or split between Affiliates (with appropriate invoicing). If Baker Hughes fails to pay such amount by the required date, Baker Hughes shall be obligated to pay
to GE Digital, in addition to the amount due, interest at the standard interest rate charged by General Electric Company to Baker Hughes for services under the Intercompany Services Agreement, compounded monthly, accruing from the date the payment
was due through the date of actual payment. As soon as practicable after receipt of any reasonable written request by Baker Hughes, GE Digital shall provide Baker Hughes with data and documentation supporting the calculation of a particular Charge
for the purpose of verifying the accuracy of such calculation. 
 Section 7.03 No Right to Set-Off. Baker Hughes shall pay the
full amount of Charges and shall not set-off, counterclaim or otherwise withhold any amount owed to GE Digital under this Agreement on account of any obligation owed by GE Digital to Baker Hughes that has not been finally adjudicated, settled or
otherwise agreed upon by the Parties in writing. For the avoidance of doubt, any amounts processed through the intercompany billing system of the GE and its Affiliates as a net settlement shall not be deemed a set-off. 

Section 7.04 Taxes. 

(a) Sales Tax or Other Transfer Taxes. Charges are exclusive of, and Baker Hughes shall bear and timely pay, any and all sales, use,
value-added, transaction and transfer Taxes (and any related interest and penalties) imposed on, or payable with respect to, any Charges payable by Baker Hughes pursuant to this Agreement; provided that to the extent such Taxes are required
to be collected and remitted by GE Digital and its Affiliates, Baker Hughes shall pay such Taxes to GE Digital or the applicable Affiliate upon receipt of an invoice from GE Digital or such Affiliate. 

  
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 (b) Withholding Tax or Other Similar Taxes. If any withholding or deduction from any
payment under this Agreement by Baker Hughes in relation to any Service is required in respect of any Taxes pursuant to any applicable Law, Baker Hughes will: (i) increase the amount payable such that GE Digital receives an amount equal to the
amount of the Charges in respect of that Service as if no such withholding or deduction had been made (including any withholding or deduction applicable to any increased payment made pursuant to this clause (i)), (ii) make any such required
withholding or deduction from the amount payable to GE Digital, (iii) timely pay the withheld or deducted amount referred to in clause (ii) to the relevant Governmental Authority in accordance with applicable Law; and (iv) promptly
forward to GE Digital a withholding tax certificate evidencing such payment by Baker Hughes to the Governmental Authority. 
 (c)
Cooperation. The Parties will take reasonable steps to cooperate to minimize the imposition of, and the amount of, Taxes described in this Section 7.04. 

(c) Tax Planning or Tax and Accounting Advisory Services. Notwithstanding anything to the contrary contained in this Agreement and
without limiting Section 8.07, no GE Digital Offerings provided under this Agreement shall include or be deemed to be, or relied upon by Baker Hughes or any of its Affiliates as, tax or accounting advice, Baker Hughes and its Affiliates
shall assume all risks and liability arising from or relating to the use of and reliance upon such GE Digital Offerings and GE Digital makes no representations or warranties with respect to such tax planning or tax or accounting advisory services.

 Section 7.05 Channel Agreement. This Agreement may be subject to additional terms and conditions included in the Channel
Agreement. 
 Section 7.06 Access. Baker Hughes shall, and shall cause its Affiliates to, allow GE Digital and its
Representatives reasonable access to the facilities of Baker Hughes necessary for GE Digital to fulfill its obligations under this Agreement. GE Digital shall ensure that each of its Representatives are subject to confidentiality obligations at
least as stringent as those in this Agreement prior to such Representative having access to any Baker Hughes facility. GE Digital and its Representative shall fully comply with all policies and procedures of Baker Hughes applying to such facilities,
and GE Digital shall be responsible for remedying any violations of such policies and procedures by GE Digital or its Representatives. 

ARTICLE VIII 

STANDARD FOR SERVICES 

Section 8.01 Standard for Services. GE Digital agrees that the Services (other than Base Services) provided to Baker Hughes under
this Agreement shall be provided to the same standard as GE Digital has previously provided such Services to the Business or to the same standard as GE Digital generally provides to other GE Industrial Businesses or as otherwise mutually agreed. For
the avoidance of doubt, GE Digital expressly disclaims all representation and warranties, express or implied, for Base Services. 

  
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 Section 8.02 Consents; Compliance with Law; Professional Services. If the creation or
modification of any GE Digital Offering by GE Digital based on Baker Hughes custom specifications or requirements requires the consent or approval of any third party or Affiliate, Baker Hughes shall provide good faith support, as requested by GE
Digital, in obtaining such consent or approval. Otherwise, if the provision of any GE Digital Offering by GE Digital requires consent or approval of any third party or Affiliate, GE Digital shall use its commercially reasonable efforts to provide
for such consent or approval. In the event such consent or approval cannot be obtained, GE Digital and Baker Hughes agree to negotiate in good faith an acceptable substitute GE Digital Offering that shall be subject to the terms and conditions of
this Agreement. Each Party will be responsible for complying with all applicable Laws and regulations, including, but not limited to export control laws, in performing its obligations under this Agreement and each Party shall reasonably cooperate
with the other and provide any information reasonably requested by the other Party in connection with such compliance obligations. Neither GE Digital nor its Affiliates shall be obligated to provide any GE Digital Offerings which, if provided, would
violate any Law. The provision of any legal services shall be subject to the consideration of the maintenance of attorney-client privilege for both GE Digital and Baker Hughes and any potential conflicts of interest. Each of GE Digital and Baker
Hughes agrees to execute customary engagement letters, joint defense or common interest agreements in the event either party deems such agreement necessary; provided that the failure to do so shall not be deemed a waiver of privilege nor
shall it be considered a failure to provide a GE Digital Offering on the part of GE Digital. 
 Section 8.03 Maintenance. GE
Digital and its Affiliates shall have the right to shut down temporarily for maintenance purposes the operation of any facilities or systems providing any GE Digital Offering whenever in GE Digital’s judgment, reasonably exercised, such action
is necessary or advisable for general maintenance or emergency purposes; provided that (i) to the extent practicable GE Digital shall provide advance written notice of any such shut down or other interruption reasonably far in advance
and cooperate in good faith to minimize any disruption to the Service, Product or Baker Hughes’ business and (ii) Baker Hughes shall not be charged for such GE Digital Offering to the extent that such GE Digital Offering is not provided by
GE Digital during such shutdown. 
 Section 8.04 Modifications. The GE Digital Offerings are not exclusive and are part of
products and services that GE Digital provides to other GE Industrial Businesses. It is understood that GE Digital may modify a GE Digital Offering to the extent the same modification is made with respect to the entirety of GE Digital’s
provision of such GE Digital Offering to other GE Industrial Businesses. GE Digital shall provide: (i) advanced written notification of any such modification to Baker Hughes with at least the notice that GE Digital provides to other GE
Industrial Businesses; and (ii) adjustments to applicable Charges (other than with respect to then-existing Statements of Work). Subject to the terms in this Agreement and the applicable Statement of Work or Order, in providing its Services
hereunder, GE Digital may use any information systems, hardware, Software, processes and procedures it deems necessary or desirable in its reasonable discretion. Modifications to Statements of Work shall be provided for under
Section 3.02. 

  
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 Section 8.05 Indemnification for Certain Intellectual Property Infringement. 

(a) GE Digital shall, at GE Digital’s expense, indemnify, defend or, at GE Digital’s option, settle any claim brought against Baker
Hughes that the GE Digital Offerings infringe any third party’s Intellectual Property rights (a “Baker Hughes Infringement Claim”), and pay any final judgments awarded by a court of competent jurisdiction or settlements entered
into by GE Digital on Baker Hughes’ behalf. If use of any GE Digital Offering becomes, or in GE Digital’s reasonable opinion is likely to become, enjoined, GE Digital may, at GE Digital’s option, (i) procure, at no cost to Baker
Hughes, the right to use such GE Digital Offering, (ii) modify the GE Digital Offering or provide a substitute that is non-infringing, at no additional cost to Baker Hughes, or (iii) terminate this Agreement with respect to such GE Digital
Offering and refund Baker Hughes a pro-rata portion of applicable subscription fees (based on period of use) or purchase price (less reasonable depreciation) and provide Baker Hughes with a credit for any reasonable costs incurred by Baker Hughes in
connection with its transition costs. GE Digital shall have no obligation or liability under this Section 8.05(a) for any Baker Hughes Infringement Claim to the extent such infringement is caused by: (a) a modification to the GE
Digital Offerings not provided or performed by GE Digital, (b) Baker Hughes Content and Baker Hughes designs and specifications, (c) the combination of the GE Digital Offerings with other hardware, software, content, or services not
provided by GE Digital and which are not a GE Digital specified system requirement, or (d) use of an infringing GE Digital Offering after GE Digital has provided a non-infringing alternative or terminated the license or subscription for it.
This Section 8.05(a) states GE Digital’s sole obligation and exclusive liability (express, implied, statutory, or otherwise) and Baker Hughes’s sole remedy for any third party claims of infringement of any intellectual or
proprietary right. 
 (b) Baker Hughes shall, at Baker Hughes’s expense, indemnify, defend or, at Baker Hughes’s option, settle
any claim brought against GE Digital that the Contributions and data provided to GE Digital by Baker Hughes hereunder (“Baker Hughes Data”) infringes any third party’s Intellectual Property right (a “GE Digital
Infringement Claim”), and pay any final judgments awarded by a court of competent jurisdiction or settlements entered into by Baker Hughes on GE Digital’s behalf. If use of any Baker Hughes Data becomes, or in Baker Hughes’s
opinion is likely to become, enjoined, Baker Hughes may, at Baker Hughes’s option, (i) procure, at no cost to GE Digital, the right to use such Baker Hughes Data, (ii) modify the Baker Hughes Data or provide a substitute that is
non-infringing, at no additional cost to GE Digital, or (iii) terminate this Agreement with respect to such Baker Hughes Data and refund GE Digital a pro-rata portion of applicable subscription fees (based on period of use) or purchase price
(less reasonable depreciation) and provide GE Digital with a credit for any reasonable costs incurred by GE Digital in connection with its transition costs. Baker Hughes shall have no obligation or liability under this Section 8.05(b)
for any GE Digital Infringement Claim to the extent such infringement is caused by: (a) a modification to the Baker Hughes Data not provided or performed by Baker Hughes, (b) GE Digital content and GE Digital designs and specifications,
(c) the combination of the Baker Hughes Data with other hardware, software, content, or services not provided by Baker Hughes and which are not a Baker Hughes specified system requirement, or (d) use of an infringing Baker Hughes Data
after Baker Hughes has provided a non-infringing alternative or terminated the license or subscription for it. This Section 8.05(b) states Baker Hughes’s sole obligation and exclusive liability (express, implied, statutory, or
otherwise) and GE Digital’s sole remedy for any third-party claims of infringement of any intellectual or proprietary right. 

  
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 Section 8.06 Indemnification Procedure. Each Party indemnified hereunder (an
“Indemnified Party”) must notify the other Party (the “Indemnifying Party”) promptly of the applicable Claim in writing, tender to the Indemnifying Party sole control and authority over the defense or settlement of
such Claim, and reasonably cooperate with the Indemnifying Party, at the Indemnifying Party’s expense, and provide the Indemnifying Party with available information in the investigation and defense of such Claim. Any effort by the Indemnified
Party to settle a Claim without the Indemnifying Party’s involvement and written approval shall void any indemnification obligation hereunder. 

Section 8.07 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH HEREIN AND SUBJECT TO THE LIMITATIONS IN
SECTION 8.08, THE PARTIES ACKNOWLEDGE AND AGREE THAT THE SERVICES AND GE DIGITAL OFFERINGS ARE PROVIDED AS-IS AND “WITH ALL FAULTS”, THAT BAKER HUGHES ASSUMES ALL RISKS AND LIABILITY ARISING FROM OR RELATING TO ITS USE OF AND
RELIANCE UPON THE SERVICES AND GE DIGITAL OFFERINGS AND GE DIGITAL MAKES NO REPRESENTATION OR WARRANTY WITH RESPECT THERETO. EXCEPT AS EXPRESSLY SET FORTH HEREIN, GE DIGITAL HEREBY EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES REGARDING THE
SERVICES AND GE DIGITAL OFFERINGS, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY REPRESENTATION OR WARRANTY IN REGARD TO QUALITY, PERFORMANCE, NONINFRINGEMENT, COMMERCIAL UTILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND BAKER HUGHES
HEREBY ACKNOWLEDGE SUCH DISCLAIMER. EXCEPT AS EXPRESSLY SET FORTH HEREIN AND SUBJECT TO THE LIMITATIONS IN SECTION 8.08, THE PARTIES ACKNOWLEDGE AND AGREE THAT BAKER HUGHES CONTENT IS PROVIDED AS-IS AND “WITH ALL FAULTS”, THAT
GE DIGITAL ASSUMES ALL RISKS AND LIABILITY ARISING FROM OR RELATING TO ITS USE OF AND RELIANCE UPON BAKER HUGHES CONTENT, EXCEPT FOR GE DIGITAL’S RELIANCE UPON THE BAKER HUGHES CONTENT TO MEET ITS OBLIGATIONS TO BAKER HUGHES, AND BAKER HUGHES
MAKES NO REPRESENTATION OR WARRANTY WITH RESPECT THERETO, EXCEPT AS EXPRESSLY SET FORTH HEREIN, BAKER HUGHES HEREBY EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES REGARDING BAKER HUGHES CONTENT, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY
REPRESENTATION OR WARRANTY IN REGARD TO QUALITY, PERFORMANCE, NONINFRIGNEMENT, COMMERCIAL UTILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND GE DIGITAL HEREBY ACKNOWLEDGE SUCH DISCLAIMER. 

Section 8.08 Limitations of Liability. EXCEPT FOR CLAIMS ARISING FROM (A) BREACH OF CONFIDENTIALITY, OR (B) INFRINGEMENT
OF A PARTY’S INTELLECTUAL PROPERTY RIGHTS BY THE OTHER PARTY, NEITHER PARTY, INCLUDING ITS AFFILIATES AND LICENSORS, SHALL BE LIABLE HEREUNDER FOR ANY INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY, SPECIAL, OR CONSEQUENTIAL DAMAGES, OR FOR ANY LOSS
OF PROFITS OR REVENUE, USE, GOODWILL, DATA, OR COSTS OF SUBSTITUTE GOODS OR SERVICES, REGARDLESS OF THE THEORY OF LIABILITY (INCLUDING NEGLIGENCE). 

  
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BAKER HUGHES SHALL NOT USE THE MONITORED EQUIPMENT IN CONNECTION WITH NUCLEAR POWER FACILITIES OR LIFE SUPPORT EQUIPMENT AND AS BETWEEN THE PARTIES TO THIS AGREEMENT, BAKER HUGHES IS SOLELY
RESPONSIBLE FOR, AND BEARS ALL RISKS ASSOCIATED WITH THE CONTROL, OPERATION, AND USE OF MONITORED EQUIPMENT IN CONNECTION WITH NUCLEAR POWER FACILITIES AND ANY REAL TIME OR ULTRA HAZARDOUS ACTIVITIES. GE DIGITAL, INCLUDING ITS AFFILIATES AND
LICENSORS, SHALL NOT BE LIABLE FOR DAMAGES UNDER THIS AGREEMENT ARISING OUT OF A DATA BREACH, CYBER ATTACK, OR OTHER SECURITY BREACH, EXCEPT TO THE EXTENT CAUSED BY GE DIGITAL’S BREACH OF ITS OBLIGATIONS UNDER THIS AGREEMENT. EACH PARTY’S
CUMULATIVE LIABILITY FOR CLAIMS ARISING UNDER THIS AGREEMENT SHALL BE LIMITED TO THE CUMULATIVE AMOUNTS PAID OR PAYABLE UNDER THIS AGREEMENT IN THE ONE (1) YEAR PERIOD PRECEDING THE EVENTS GIVING RISE TO THE CLAIM, EXCEPT FOR CLAIMS ARISING
FROM (A) BREACH OF CONFIDENTIALITY, (B) BAKER HUGHES’ OBLIGATION TO INDEMNIFY GE DIGITAL FOR THIRD PARTY CLAIMS RESULTING FROM ADDITIONAL OR DIFFERENT TERMS OR (C) INFRINGEMENT OF A PARTY’S INTELLECTUAL PROPERTY RIGHTS BY
THE OTHER PARTY. 
 Section 8.09 No Reporting Obligations. Notwithstanding anything to the contrary contained in this Agreement
or in any Schedule hereto, neither GE Digital nor any of its Affiliates, or any of their respective Representatives, shall be obligated, pursuant to this Agreement or any Schedule hereto, as part of or in connection with the Services provided
hereunder, as a result of storing or maintaining any data referred to herein or in any Schedule hereto, or otherwise, to prepare or deliver any notification or report to any Governmental Authority (including any taxing authority) or other Person on
behalf of Baker Hughes or any of its Affiliates, or any of their respective Representatives. 
 ARTICLE IX 

DISPUTE RESOLUTION 

Section 9.01 Dispute Resolution. 

(a) Any dispute arising out of or in connection with this Agreement between GE Digital and Baker Hughes should be resolved as rapidly as
possible by discussion between the GE Digital Services Manager and the Baker Hughes Services Manager. If a dispute cannot be resolved between the GE Digital Services Manager and the Baker Hughes Services Manager within four (4) weeks of the
dispute arising, the GE Digital Services Manager and the Baker Hughes Services Manager should escalate the dispute to the Chief Digital Officer of Baker Hughes and the Chief Digital Officer of GE Digital to negotiate in good faith for an additional
twenty (20) days (or such longer period as the Parties may agree). If at the end of such time such Persons are unable to resolve such dispute amicably, then such dispute shall be resolved in accordance with the dispute resolution process
referred to in Section 9.01(b), provided that such dispute resolution process shall not modify or add to the remedies available to the Parties under this Agreement. 

  
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 (b) If the Parties are unable to resolve a dispute in accordance with
Section 9.01(a), then either Party to the dispute may within fifteen (15) days thereafter submit such dispute for non-binding mediation administered by the American Arbitration Association (“AAA”) in accordance with
its Commercial Arbitration Rules and Mediation Procedures then in effect. The mediation will be conducted by a single mediator selected by the mutual written agreement of the Parties to the dispute. The Parties to the dispute will cooperate in good
faith with the AAA and with one another in selecting the mediator, and in scheduling the mediation. Such Parties agree that they will participate in the mediation in good faith, and that they will share equally in the costs of utilizing the AAA and
the mediator. The place of mediation will be New York, New York. If the dispute has not been resolved pursuant to such mediation procedure within thirty (30) days of the initiation of such procedure, except where such time has been extended by
the mutual written agreement of the Parties to the dispute, then the controversy will be submitted to the AAA for binding arbitration in accordance with its Commercial Arbitration Rules and Mediation Procedures then in effect. The arbitration will
be conducted by a single arbitrator selected by the mutual written agreement of the Parties to the dispute. The Parties to the dispute will cooperate in good faith with the AAA and with one another in selecting the arbitrator, and in scheduling the
arbitration. Should the Parties be unable to come to agreement as to the arbitrator, the Parties shall request AAA to appoint an arbitrator. Such Parties further agree that they will participate in the arbitration in good faith, and that they will
share equally in the costs of utilizing the AAA and the arbitrator. The arbitration will be governed by the United States Arbitration Act, 9 U.S.C. Sections 1-16, and judgment upon the award rendered by the arbitrator may be entered by any court
having jurisdiction thereof. The place of arbitration will be New York, New York. Unless otherwise agreed by such Parties, the mediator will be disqualified from serving as the arbitrator in the dispute. 

ARTICLE X 
 TERM
AND TERMINATION 
 Section 10.01 Term and Termination. 

(a) This Agreement shall commence immediately upon its execution on the Closing Date and shall terminate on the Trigger Date with respect to
all GE Digital Offerings under this Agreement unless otherwise specified in a Statement of Work or Order (the “Term”). 

(b) (i) Without prejudice to Baker Hughes’ rights with respect to a Force Majeure, a Baker Hughes Entity may from time to time terminate
this Agreement: (A) with respect to any Services, for any reason or no reason upon providing two hundred thirty (230) days’ prior written notice to GE Digital or any longer notice period necessary for GE Digital to avoid incurring any
Termination Charges; (B) with respect to any GE Digital Offerings, if GE Digital has failed to perform any of its material obligations under this Agreement with respect to such GE Digital Offerings, and such failure shall continue to exist
forty-five (45) days after receipt by GE Digital of written notice of such failure from Baker Hughes; (C) immediately upon mutual agreement of the Parties; and (ii) GE Digital may terminate this Agreement with respect to one or more
GE Digital Offerings, in whole but not in part, at any time upon prior written notice to Baker Hughes if Baker Hughes has failed to perform any of its material obligations under this Agreement relating to such GE Digital Offering, and such failure
shall be continued uncured for a period of forty-five (45) days after receipt by Baker Hughes of a written notice of such failure from GE Digital. 

  
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The relevant Schedule shall be updated to reflect any terminated GE Digital Offering. In the event that any GE Digital Offering is terminated other than at the end of a month, the Charge
associated with such GE Digital Offering shall be pro-rated appropriately. 
 Section 10.02 Termination Charges. Upon
termination or reduction of any GE Digital Offering pursuant to this Agreement (other than due to GE Digital’s insolvency), prior to the required notification periods in Section 10.01(b)(i), the applicable Baker Hughes Entity and GE
Digital shall determine and mutually agree upon any applicable Termination Charges to be invoiced. 
 Section 10.03 Effect of
Termination. Upon termination of any GE Digital Offering pursuant to this Agreement, GE Digital will have no further obligation to provide the GE Digital Offering, and the relevant Baker Hughes Entity will have no obligation to pay any future
Charges relating to any such GE Digital Offering; provided that Baker Hughes shall remain obligated to GE Digital for the (i) Charges, any other fees, costs and expenses owed and payable in respect of the GE Digital Offering provided
prior to the effective date of termination and (ii) Termination Charges. In connection with termination of any GE Digital Offering, the provisions of this Agreement not relating solely to such terminated GE Digital Offering shall survive any
such termination, and in connection with a termination of this Agreement, Article I, Article VIII (with respect to the limitations set forth therein), Article IX, Article X, Article XI, all
confidentiality obligations under this Agreement and liability for all due and unpaid Charges and Termination Charges shall continue to survive indefinitely. 

Section 10.04 Force Majeure. 

(a) No Party hereto (or any Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation
(other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. Each Party (or such
Person) shall exercise its reasonable efforts in good faith to minimize the effect of Force Majeure on its obligations, and the standard of care that GE Digital shall provide in delivering a GE Digital Offering after a Force Majeure shall be
substantially the same as the standard of care that GE Digital provides to its Affiliates and its other business components with respect to such GE Digital Offering. 

(b) During the period of a Force Majeure, Baker Hughes shall be entitled to seek an alternative provider with respect to such Service(s) or
Product(s) and shall be entitled to permanently terminate such Service(s) or Product(s) (and shall be relieved of the obligation to pay Charges for such Services(s) or Product(s) throughout the duration of such Force Majeure) if a Force Majeure
shall continue to exist for more than fifteen (15) consecutive days, it being understood that Baker Hughes shall not be required to provide any advanced notice of such termination to GE Digital. 

  
 Page 37 of 42 

 ARTICLE XI 

GENERAL PROVISIONS 

Section 11.01 Independent Contractors. This Agreement does not create a fiduciary relationship, partnership, joint venture or
relationship of trust or agency between the Parties or their Affiliates and that all GE Digital Offerings are provided by GE Digital, its Affiliates and their designees as an independent contractor. In matters relating to this Agreement, each Party
will be solely responsible for the acts of its employees and agents and such employees or agents will not be considered employees or agents of any other Party nor will they be required to report to management of any other Party or be deemed to be
under the management or direction of any other Party. No Party will have any right, power or authority to create any obligation, express or implied, on behalf of any other Party except to the extent expressly provided herein. 

Section 11.02 Treatment of Confidential Information. 

(a) The Parties shall not, and shall cause all other Persons providing Services, Products or having access to information of the other Party
that is known to such Person as confidential or proprietary (“Confidential Information”) not to, disclose to any other Person or use, except for purposes of this Agreement, any Confidential Information of the other Party;
provided, however, that each Party may disclose Confidential Information of the other Party, to the extent permitted by applicable Law: (i) to its Representatives and Affiliates on a need-to-know basis in connection with the
performance of such Party’s obligations under this Agreement; (ii) in any report, statement, testimony, authorization or approval request, notice, filing or other submission to any Governmental Authority having jurisdiction over the
disclosing Party; or (iii) in order to comply with applicable Law, or in response to any summons, subpoena or other legal process or formal or informal investigative demand issued to the disclosing Party in the course of any litigation,
investigation or administrative proceeding. In the event that a Party becomes legally compelled (based on advice of counsel) by Law, deposition, interrogatory, request for documents subpoena, civil investigative demand or similar judicial or
administrative process to disclose any Confidential Information of the other Party, such disclosing Party shall provide the other Party with prompt prior written notice of such requirement, and, to the extent reasonably practicable, cooperate with
the other Party (at such other Party’s expense) to obtain a protective order or similar remedy to cause such Confidential Information not to be disclosed, including interposing all available objections thereto, such as objections based on
settlement privilege. In the event that such protective order or other similar remedy is not obtained, the disclosing Party may furnish only that portion of the Confidential Information that has been legally compelled, and shall exercise its
reasonable efforts in good faith (at such other Party’s expense) to obtain assurance that confidential treatment will be accorded such Confidential Information. 

(b) Each Party shall, and shall cause its Representatives to, protect the Confidential Information of the other Party by using the same degree
of care to prevent the unauthorized disclosure of such as the Party uses to protect its own confidential information of a like nature, and in no event less than commercially reasonable care. 

  
 Page 38 of 42 

 (c) Each Party shall direct its Representatives to comply with the same restrictions on use and
disclosure of Confidential Information and bind such Party in advance of the disclosure of any such Confidential Information to such Representatives. Each Party shall be responsible for any failure by its Representatives to comply with the
restrictions on use and disclosure of Confidential Information contained herein. 
 (d) Each Party shall comply with all applicable state,
federal and foreign privacy and data protection Laws that are or that may in the future be applicable to the provision of Services or Products hereunder. 

Section 11.03 Audit. Not more than once each calendar year during the term of this Agreement, upon thirty (30) days’
advance written notice, either Party may audit (or cause an independent third-party auditor to audit), during regular business hours and in a manner that complies with the building and security requirements of the Party being audited, the books,
records and facilities of the other Party pertaining solely (a) to the provision and use of GE Digital Offerings pursuant to this Agreement to the extent necessary to determine such Party’s compliance with this Agreement and (2) the
Charges that have been invoiced. Any audit conducted under this Section 11.03 shall not interfere unreasonably with the operations of such Party. The Party requesting the audit shall pay the costs of conducting such audit. All
information learned or obtained from such audit shall be deemed Confidential Information for purposes of this Agreement, and may only be disclosed pursuant to Section 11.02. 

Section 11.04 Further Assurances. Each Party covenants and agrees that, without any additional consideration, it shall execute and
deliver any further legal instruments and perform any acts that are or may become necessary to effectuate this Agreement. 

Section 11.05 Notices. Except with respect to routine communications between the GE Digital Services Manager and the applicable
Baker Hughes Entity under Section 2.04, all notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and, in the case of delivery in person or by overnight mail, shall be deemed to
have been duly given upon receipt) by delivery in person or overnight mail to the respective Parties, delivery by facsimile transmission (providing confirmation of transmission) to the respective Parties or delivery by electronic mail transmission
(providing confirmation of transmission) to the respective Parties. Any notice sent by facsimile transmission or electronic mail transmission shall be deemed to have been given and received at the time of confirmation of transmission. Any notice
sent by electronic mail transmission shall be followed reasonably promptly with a copy delivered by overnight mail. All notices, requests, claims, demands and other communications hereunder shall be addressed as follows, or to such other address,
facsimile number or email address for a Party as shall be specified in a notice given in accordance with this Section 11.05. 

(a) If to GE Digital: 
 GE
Digital LLC 
 2623 Camino Ramon, San Ramon, CA 94583 

Attention: General Counsel 

  
 Page 39 of 42 

 (b) If to Baker Hughes: 

Baker Hughes, a GE company, LLC 

17021 Aldine Westfield Road 

Houston, Texas 77073 
  

			
	Attention:	  	William D. Marsh
	Telephone:	  	(713) 879-1257
	Facsimile:	  	(713) 439-8472
	Email:	  	will.marsh@bhge.com

 Section 11.06 Entire Agreement. Except as otherwise expressly provided in this Agreement, this
Agreement constitutes the entire agreement of the Parties hereto with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the Parties hereto with
respect to the subject matter of this Agreement. 
 Section 11.07 No Third-Party Beneficiaries. This Agreement is for the sole
benefit of the Parties and their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person, including any union or any employee or former employee of GE Digital or Baker
Hughes, or entity any legal or equitable right, benefit or remedy of any nature whatsoever, including any rights of employment for any specified period, under or by reason of this Agreement. 

Section 11.08 Amendment; Waiver. No provision of this Agreement, including any Exhibits, Annexes or Schedules thereto, may be
amended, supplemented, waived or modified except by a written instrument making specific reference hereto or thereto signed by all the Parties. No waiver of any breach of or non-compliance with this Agreement shall be deemed to be a waiver of any
other or subsequent breach or non-compliance. 
 Section 11.09 Governing Law. This Agreement and any disputes (whether for
breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall in all respects be governed by, and construed in accordance with, the Laws of the State of New York, including all matters of
construction, validity and performance, in each case without reference to any conflict of Law rules that might lead to the application of the Laws of any other jurisdiction. 

Section 11.10 Counterparts; Electronic Transmission of Signatures. This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, and delivered by means of electronic mail transmission or otherwise, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall
constitute one and the same agreement. 
 Section 11.11 Assignment. This Agreement and all of the provisions hereto shall be
binding upon and inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations set forth herein shall be assigned
by any party hereto without the prior written consent of the other parties hereto and any purported assignment without such consent shall be void; provided, however, GE Digital may assign any or all of its rights and obligations under
this Agreement in connection with a sale or disposition of any assets or lines of business of GE Digital, provided that the transferee of such assets shall agree in writing to be bound by the terms of this Agreement as if named as a
“Party” hereto. 

  
 Page 40 of 42 

 Section 11.12 Rules of Construction. Interpretation of this Agreement shall be
governed by the following rules of construction: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires; (b) references to the
terms Article, Section, paragraph, Exhibit and Schedule are references to the Articles, Sections, paragraphs, Exhibits, Annexes and Schedules of this Agreement unless otherwise specified; (c) the terms “hereof”, “herein”,
“hereby”, “hereto”, and derivative or similar words refer to this entire Agreement, including the Schedules, Annexes and Exhibits hereto; (d) references to “$” means U.S. dollars; (e) the word
“including” and words of similar import when used in this Agreement means “including without limitation,” unless otherwise specified; (f) the word “or” shall not be exclusive; (g) references to
“written” or “in writing” include in electronic form; (h) provisions shall apply, when appropriate, to successive events and transactions; (i) the headings contained in this Agreement are for reference purposes only and
shall not affect in any way the meaning or interpretation of this Agreement; (j) GE Digital and Baker Hughes have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question of interpretation should
arise, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or burdening either Party by virtue of the authorship of any of the provisions in any of this Agreement;
(k) a reference to any Person includes such Person’s successors and permitted assigns; (l) any reference to “days” means calendar days unless Business Days are expressly specified; and (m) when calculating the period of
time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded, if the last day of such period is not a Business
Day, the period shall end on the next succeeding Business Day. 
 Section 11.13 Non-Recourse. No past, present or future
director, officer, employee, incorporator, member, partner, stockholder, Affiliate, agent, attorney or representative of GE Digital or Baker Hughes shall have any liability for any obligations or liabilities of such Party under this Agreement of or
for any claim based on, in respect of, or by reason of, the transactions contemplated hereby. 
 Section 11.14 Export Law
Compliance. Each Party shall be responsible for their compliance with applicable United States (or other jurisdictions as applicable) export laws, rules and regulations as related to their performance under this Agreement. 

Section 11.15 The GE Integrity Guide for Suppliers, Contractors and Consultants. Each Party covenants that it is committed to
unyielding integrity and will act in a manner consistent with the GE Integrity Guide for Suppliers, Contractors and Consultants, a copy of which is available in several languages at the following link:
http://www.gesupplier.com/html/SuppliersIntegrityGuide.htm and the Baker Hughes Code of Conduct. 

  
 Page 41 of 42 

 Section 11.16 Subcontractor Flow Downs for United States Government Commercial Items
Contracts. If the Services being procured by Baker Hughes are in support of a United States government end customer or an end customer funded in whole or part by the United States government, directly or through a prime contractor, Baker Hughes
shall expressly identify such use of any New Service in the Request for New Services and as necessary will agree to include compliance as necessary with the terms and conditions applicable to services procured for the United States government
located at the following link: http://www.gesupplier.com/html/GEPolicies.htm. 
 Section 11.17 No Conflict. In the event of any
conflict or inconsistency between the terms and conditions of this Agreement and the terms and conditions of a Statement of Work, the terms and conditions of this Agreement shall prevail, unless a Statement of Work specifically references the
provisions of this Agreement that are inconsistent therewith (or it is reasonably apparent from the face of the Statement of Work that such provisions were meant to be specifically referenced and were inadvertently not so referenced), in which case
the terms and conditions of such Statement of Work shall prevail. The Parties shall modify any provisions of this Agreement to the extent necessary to comply with the local Laws of the jurisdiction in which such Statement of Work is executed.

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date first written above by their respective duly
authorized officers. 
  

			
	GE DIGITAL LLC
		
	By:	 	/s/ Katherine Butler
		 	Name: Katherine Butler
		 	Title: General Counsel
	  
 BAKER HUGHES, A GE COMPANY, LLC

		
	By:	 	/s/ Lee Whitley
		 	Name: Lee Whitley
		 	Title: Corporate Secretary

  
 Page 42 of 42EX-10.8

 Exhibit 10.8 

EXECUTION VERSION 
  

 
  

INTERCOMPANY SERVICES AGREEMENT 

dated as of July 3, 2017 

between 
 GENERAL ELECTRIC
COMPANY 
 and 
 BAKER
HUGHES, A GE COMPANY, LLC 
  
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	5	 
		
	 SECTION 1.01 Certain Defined Terms
	  	 	5	 
		
	 ARTICLE II SERVICES AND DURATION
	  	 	14	 
		
	 SECTION 2.01 GE Services to be Provided
	  	 	14	 
	 SECTION 2.02 Baker Hughes Services to be Provided
	  	 	16	 
	 SECTION 2.03 Services in Effect on the Closing Date and Purchase Orders for Services
	  	 	16	 
	 SECTION 2.04 Duration of Services
	  	 	18	 
	 SECTION 2.05 Additional GE Provided Services
	  	 	18	 
	 SECTION 2.06 Additional Baker Hughes Provided Services
	  	 	18	 
	 SECTION 2.07 Limitations on the Provision of Services
	  	 	19	 
		
	 ARTICLE III PERFORMANCE OF SERVICES
	  	 	19	 
		
	 SECTION 3.01 R&D Services and Statements of Work
	  	 	19	 
	 SECTION 3.02 Project Change
	  	 	22	 
	 SECTION 3.03 Replacement of Project Leaders
	  	 	22	 
	 SECTION 3.04 Subcontracting
	  	 	22	 
	 SECTION 3.05 Review and Reporting Requirements
	  	 	23	 
	 SECTION 3.06 License to Background IP and R&D Services Foreground IP
	  	 	24	 
	 SECTION 3.07 Ownership of Intellectual Property
	  	 	24	 
	 SECTION 3.08 Patent Prosecution and Costs
	  	 	24	 
	 SECTION 3.09 Portfolio Reviews for R&D Services Foreground IP
	  	 	25	 
	 SECTION 3.10 License to Transferred R&D Services Foreground IP and Accessed Intellectual
Property
	  	 	25	 
	 SECTION 3.11 Governmental Restrictions and Approvals; Certain Other Restrictions
	  	 	26	 
	 SECTION 3.12 Third-Party IP
	  	 	26	 
	 SECTION 3.13 Collaborations
	  	 	26	 
	 SECTION 3.14 Reservation of Rights
	  	 	27	 
		
	 ARTICLE IV OTHER ARRANGEMENTS
	  	 	28	 
		
	 SECTION 4.01 Intercompany Service Managers
	  	 	28	 
	 SECTION 4.02 Software and Software Licenses
	  	 	29	 
	 SECTION 4.03 Local Implementing Agreements
	  	 	29	 
	 SECTION 4.04 Corporate Policies
	  	 	29	 
	 SECTION 4.05 Limitations with Respect to the GE Materials
	  	 	30	 
		
	 ARTICLE V ADDITIONAL AGREEMENTS
	  	 	31	 
		
	 SECTION 5.01 System Resources and Security
	  	 	31	 

 Table of Contents 

(Continued) 
  

					
	 	  	Page	 
	 SECTION 5.02 Access
	  	 	32	 
	 SECTION 5.03 GE and Baker Hughes Global Services Contracts
	  	 	32	 
	 SECTION 5.04 Shared Facilities
	  	 	33	 
	 SECTION 5.05 Shared Manufacturing Arrangements; Financial Services
	  	 	36	 
	 SECTION 5.06 Costs and Disbursements
	  	 	36	 
	 SECTION 5.07 Readjustment of Services
	  	 	38	 
	 SECTION 5.08 No Right to Set-Off
	  	 	38	 
	 SECTION 5.09 Taxes
	  	 	39	 
		
	 ARTICLE VI STANDARD FOR SERVICE
	  	 	40	 
		
	 SECTION 6.01 Standard for Service
	  	 	40	 
	 SECTION 6.02 Consents; Compliance with Law; Professional Services
	  	 	40	 
	 SECTION 6.03 Maintenance
	  	 	41	 
	 SECTION 6.04 Modifications and Discontinuances
	  	 	41	 
	 SECTION 6.05 Disclaimer of Warranties
	  	 	41	 
	 SECTION 6.06 Compliance with Laws and Regulations
	  	 	42	 
	 SECTION 6.07 No Reporting Obligations
	  	 	42	 
		
	 ARTICLE VII LIMITED LIABILITY AND INDEMNIFICATION
	  	 	42	 
		
	 SECTION 7.01 General Indemnification
	  	 	42	 
	 SECTION 7.02 Exclusion of Consequential Damages
	  	 	43	 
	 SECTION 7.03 Exclusive Remedy
	  	 	43	 
		
	 ARTICLE VIII DISPUTE RESOLUTION
	  	 	43	 
		
	 SECTION 8.01 Dispute Resolution
	  	 	43	 
		
	 ARTICLE IX TERM AND TERMINATION
	  	 	44	 
		
	 SECTION 9.01 Term and Termination
	  	 	44	 
	 SECTION 9.02 Termination Charges
	  	 	44	 
	 SECTION 9.03 Effect of Termination
	  	 	45	 
	 SECTION 9.04 Force Majeure
	  	 	45	 
		
	 ARTICLE X GENERAL PROVISIONS
	  	 	45	 
		
	 SECTION 10.01 Independent Contractors
	  	 	46	 
	 SECTION 10.02 Subcontractors
	  	 	46	 
	 SECTION 10.03 Treatment of Confidential Information
	  	 	46	 
	 SECTION 10.04 Audit
	  	 	47	 
	 SECTION 10.05 Further Assurances
	  	 	47	 
	 SECTION 10.06 Notices
	  	 	48	 
	 SECTION 10.07 Entire Agreement
	  	 	47	 
	 SECTION 10.08 No Third-Party Beneficiaries
	  	 	47	 
	 SECTION 10.09 Amendment; Waiver
	  	 	49	 

 Table of Contents 

(Continued) 
  

					
	 	  	Page	 
	 SECTION 10.10 Governing Law
	  	 	49	 
	 SECTION 10.11 Counterparts; Electronic Transmission of Signatures
	  	 	49	 
	 SECTION 10.12 Assignment
	  	 	49	 
	 SECTION 10.13 Rules of Construction
	  	 	49	 
	 SECTION 10.14 Non-Recourse
	  	 	50	 
	 SECTION 10.15 Export Law Compliance
	  	 	50	 
	 SECTION 10.16 Integrity
	  	 	50	 
	 SECTION 10.17 Subcontractor Flow Downs for United States Government Commercial Items
Contracts
	  	 	50	 

 SCHEDULES 
  

					
		 	SCHEDULE 2.01(a)(i)	  	Administrative Services
		 	SCHEDULE 2.01(b)	  	GE Provided Umbrella Services
		 	SCHEDULE 2.01(c)	  	List of current technology research and development services between GE Global Research and GE O&G
		 	SCHEDULE 2.02(b)	  	Baker Hughes Provided Umbrella Services
		 	SCHEDULE 3.01(c)	  	Form of Statement of Work
		 	SCHEDULE 3.13(a)	  	Form of Collaboration Agreement
		 	SCHEDULE 3.13(d)	  	List of Collaboration Agreements
		 	SCHEDULE 4.01(a)	  	GE Services Manager
		 	SCHEDULE 4.01(b)	  	Baker Hughes Services Manager
		 	SCHEDULE 5.04(a)	  	GE Facilities
		 	SCHEDULE 5.04(b)	  	Baker Hughes Facilities
		 	SCHEDULE 5.04(c)	  	Specified Facilities
		 	SCHEDULE 5.05(a)	  	Shared Manufacturing Arrangements
		 	SCHEDULE 5.05(b)	  	Factoring or Similar Monetization of Accounts Receivable
		 	SCHEDULE 5.06(g)	  	Wiring Instructions

 INTERCOMPANY SERVICES AGREEMENT 

This Intercompany Services Agreement, dated as of July 3, 2017 (as amended, modified or supplemented from time to time in accordance with
its terms, this “Agreement”), is made between General Electric Company, a New York corporation (“GE”), and Baker Hughes, a GE company, LLC, a Delaware limited liability company (“Baker Hughes”).

 RECITALS 
 WHEREAS,
pursuant to that certain Transaction Agreement and Plan of Merger, dated as of October 30, 2016, among GE, Baker Hughes Incorporated, a Delaware corporation (“BHI”), Baker Hughes, a GE company (formerly known as Bear Newco,
Inc.), a Delaware corporation (“BHGE”), and Bear MergerSub, Inc., a Delaware corporation (“Merger Sub”), as amended by the Amendment to the Transaction Agreement and Plan of Merger, dated as of March 27, 2017,
among GE, BHI, BHGE, Merger Sub, BHI Newco, Inc., a Delaware corporation, and Bear MergerSub 2, Inc., a Delaware corporation (as may be further amended from time to time, the “Transaction Agreement”), GE will combine its oil and gas
business (“GE O&G”) with BHI to create BHGE; 
 WHEREAS, pursuant to the Transaction Agreement, upon closing of the
transaction, BHGE will operate as a public company traded on the New York Stock Exchange with approximately 62.5% of the voting stock owned by GE and approximately 37.5% of the voting stock owned by public shareholders; 

WHEREAS, the Transaction Agreement requires delivery of this Agreement at the Closing Date; and 

WHEREAS, in furtherance of the transactions contemplated by the Transaction Agreement, the Parties (as defined below) desire that (i) GE
shall provide or cause to be provided to Baker Hughes (and/or its Affiliates on or after the date hereof, collectively hereinafter referred to as the “Baker Hughes Entities”) certain services and (ii) Baker Hughes shall provide
or cause to be provided to GE (and/or its Affiliates on the date hereof immediately after giving effect to the Closing, collectively hereinafter referred to as the “GE Entities”) certain services, in each case of (i) and (ii),
in accordance with the terms and subject to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing and the
mutual agreements contained herein, the Parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 

SECTION 1.01 Certain Defined Terms. 

(a) Unless otherwise defined herein, all capitalized terms used herein shall have the same meaning as in the Transaction Agreement. 

  
 5 

 (b) The following capitalized terms used in this Agreement shall have the meanings set forth
below: 
 “Administrative Services” shall have the meaning set forth in Section 2.01(a)(i). 

“Additional Baker Hughes Provided Services” shall have the meaning set forth in Section 2.06. 

“Additional GE Provided Services” shall have the meaning set forth in Section 2.05. 

“Additional Services” means the Additional GE Provided Services and the Additional Baker Hughes Provided Services, as
applicable. 
 “Affiliate” means any individual, company, organization or other entity that, directly or indirectly, is
controlled by, controls or is under common control with such Party by ownership, directly or indirectly, of more than fifty percent (50%) of the stock entitled to vote in the election of directors or, if there is no such stock, more than fifty
percent (50%) of the ownership interest in such individual or entity. For the purposes of this Agreement, (i) references to GE’s “Affiliates” shall be deemed to exclude the Baker Hughes Entities and (ii) references to
the Baker Hughes Entities’ “Affiliates” shall be deemed to exclude GE and its Subsidiaries that are not within the Baker Hughes Entities. 

“Ancillary Agreements” shall have the meaning ascribed to it in the Transaction Agreement. 

“Agreement” shall have the meaning set forth in the Preamble. 

“Background IP” means Intellectual Property and Technology owned, Controlled, created or acquired by or on behalf of a Party
or its Affiliates prior to the applicable date of the provision of a Service. 
 “Baker Hughes” shall have the meaning set
forth in the Preamble. 
 “Baker Hughes Entities” shall have the meaning set forth in the Recitals. 

“Baker Hughes Facilities” shall have the meaning set forth in Section 5.04(a). 

“Baker Hughes Global Services Contract” means each contract or other arrangement or agreement (whether for the purchase or
supply of goods or services) set forth below, between or among Baker Hughes or its Affiliates, on the one hand, and a third party, on the other hand, which contract or other arrangement or agreement is multi-national, regional or global in scope,
and by virtue of such scope is applicable to, and was entered into by the parties thereto in consideration of its applicability to, more than one Baker Hughes Entity, or one or more of Baker Hughes or its Affiliates, in each case, in respect of:

  
 6 

	 	(i)	certain master purchase and sale agreements for the sale and purchase of certain goods and services (other than those provided for under the Supply Agreement), as mutually identified and agreed to by the parties; and

  

	 	(ii)	joint tendering by the Baker Hughes Entities for business of or services to certain third parties, as mutually identified and agreed to by the parties. 

“Baker Hughes Provided Collaboration Services” means the services to be provided by any Baker Hughes Entity under any
Collaboration Agreement. 
 “Baker Hughes Provided Deliverable” means any deliverable or work product to be delivered by a
Baker Hughes Entity to the applicable R&D Services Recipients as specified in a Baker Hughes Statement of Work. 
 “Baker Hughes
Provided Facility Service” means an arrangement in which Baker Hughes has granted, or has caused one or more of its Affiliates to grant, to GE a limited license to use and access space at a Baker Hughes Facility under
Section 5.04. 
 “Baker Hughes Provided R&D Services” means specialized and tailored technology research
and development services, related to one or more GE Entity’s service or product offerings, offered by the applicable Affiliate or division of Baker Hughes on a contracted basis to a GE Entity. 

“Baker Hughes Provided R&D Services Foreground IP” means all Intellectual Property and Technology created in the course
of the performance of the Baker Hughes Provided R&D Services, including that which is reflected in all research records, laboratory notebooks, technical reports and experimental results. 

“Baker Hughes Provided Services” means all services to be provided by any Baker Hughes Entity pursuant to this Agreement,
including the Baker Hughes Provided Technology Access, Baker Hughes Provided Umbrella Services, Baker Hughes Provided R&D Services, Baker Hughes Provided Facility Services, Baker Hughes Provided Collaboration Services and Additional Baker Hughes
Provided Services. 
 “Baker Hughes Provided Technology Access” means GE’s confidential access to any Baker Hughes
Entity’s proprietary Technology and related developments and enhancements thereto, in each case, related or applicable to one or more GE Entities’ operations, products or service offerings (including Directed Industry R&D) in a manner
in which GE and its Affiliates received similar access from GE O&G during the Baseline Period (for the avoidance of doubt, such access shall not include Baker Hughes Provided R&D Services). For the avoidance of doubt, the Baker Hughes
Provided Technology Access includes GE’s and its Affiliates’ access to such items of Baker Hughes Incorporated or any of its Affiliates immediately prior to the Closing. 

“Baker Hughes Provided Umbrella Services” shall have the meaning set forth in Section 2.02(b). 

  
 7 

 “Baker Hughes Services Manager” shall have the meaning set forth in
Section 4.01(b). 
 “Baker Hughes Statement of Work” shall have the meaning set forth in
Section 3.01(b). 
 “Baseline Period” means the 12-month period immediately preceding October 30, 2016.

 “BHGE” shall have the meaning set forth in the Recitals. 

“Business” shall have the same meaning as the term “GE O&G” set forth in the Transaction Agreement. 

“Business Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York, New York are
authorized or required by applicable Law to close. 
 “CA Services” means, collectively, GE Provided Technology Access and
the Administrative Services. 
 “Closing” shall have the meaning ascribed to it in the Transaction Agreement. 

“Confidential Information” shall have the meaning set forth in Section 10.03(a). 

“Control” or “Controlled” means, with respect to Intellectual Property or Technology, the right to grant a
license or sublicense to such Intellectual Property or Technology as provided for herein without (i) violating the terms of any agreement or other arrangement with any third party, (ii) requiring any consent, approvals or waivers from any
third party, or any breach or default by the party being granted any such license or sublicense being deemed a breach or default affecting the rights of the party granting such license or sublicense or (iii) requiring the payment of material
compensation to any third party. 
 “Collaboration” means any research and technology collaboration between a GE Entity, on
the one hand, and a Baker Hughes Entity, on the other, related to one or more product or service offerings. 
 “Collaboration
Agreement” means an agreement executed hereunder to formalize a Collaboration and substantially in the form of Schedule 3.13(a). Collaboration Agreements shall include the agreements listed on Schedule 3.13(d). 

“Collaboration Services” means the Baker Hughes Provided Collaboration Services and GE Provided Collaboration Services, as
applicable. 
 “Corporate Assessment” means the payment of $55 million per year by Baker Hughes to GE for so long as the CA
Services are provided during the Term, as amended from time to time per Section 5.06(a) hereunder. 

  
 8 

 “Deliverable” means a GE Provided Deliverable or Baker Hughes Provided
Deliverable, as applicable. 
 “Directed Industry R&D” means continuous scientific research and development with
application to the oilfield services industry equipment and service offerings, including optimization technology, end-to-end Software workflows and solutions, customizable framework applications, imaging, acoustic, pressure and sensor technology,
telemetry, geophysics and geological modelling and materials science. 
 “Dockets” means invention disclosures the
substance of which is not intended by the owning Party to be protected by trade secret law, pending patent applications and issued patents, in each case, owned by the applicable Party. 

“Facilities” shall have the meaning set forth in Section 5.04(c). 

“Facility Costs” shall have the meaning set forth in Section 5.06(d). 

“Force Majeure” means, with respect to a Party, an event beyond the control of such Party (or any Person acting on its
behalf) and which by the exercise of reasonable diligence and prudence the Party affected was unable to prevent, including acts of God, storms, floods, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military
authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one or more acts of terrorism or failure of energy sources. For the avoidance of doubt, the following shall not be deemed Force
Majeure events: general adverse changes or fluctuations in the markets in which the Provider operates; financial distress or insufficient financial capability of the Provider to perform the PO, Baker Hughes Statement of Work or GE Statement of Work;
or events involving a previous or existing condition at or before the PO, Baker Hughes Statement of Work or GE Statement of Work date. 

“GE” shall have the meaning set forth in the Preamble. 

“GE Digital Master Products and Services Agreement” means that certain GE Digital Master Products and Services Agreement,
dated as of the date hereof (as it may be amended, supplemented or modified from time to time), between GE Digital LLC and Baker Hughes. 

“GE Entities” shall have the meaning set forth in the Recitals. 

“GE Facilities” shall have the meaning set forth in Section 5.04(a). 

“GE Global Research” means GE’s Global Research organization. 

“GE Global Services Contract” means each contract or other arrangement or agreement (whether for the purchase or supply of
goods or services) set forth below, between or among GE or its Affiliates (including, for this purpose, GE O&G prior to Closing), on the one hand, and a third party, on the other hand, which contract or other arrangement or agreement is
multi-national, regional or global in scope, and by virtue of such scope is applicable to, and was entered into by the parties thereto in consideration of its applicability to, more than one GE 

  
 9 

 
Entity, or one or more of GE or its Affiliates, other than just GE O&G, in each case, in respect of: 
  

	 	(i)	certain master purchase and sale agreements for the sale and purchase of certain goods and services (other than those provided for under the Supply Agreement), as mutually identified and agreed to by the parties; and

  

	 	(ii)	joint tendering by the GE Entities for business of or services to certain third parties, as mutually identified and agreed to by the parties. 

“GE Materials” shall have the meaning set forth in Section 4.04(a). 

“GE Provided Collaboration Services” means the services to be provided by any GE Entity under any Collaboration Agreement.

 “GE Provided Deliverable” means any deliverable or work product to be delivered by GE Global Research to the applicable
R&D Services Recipients as specified in a GE Statement of Work. 
 “GE Provided Facility Service” means an arrangement
in which GE has granted, or has caused one or more of its Affiliates to grant, to Baker Hughes a limited license to use and access space at a GE Facility under Section 5.04. 

“GE Provided R&D Services” means specialized and tailored technology research and development services related to any
Baker Hughes Entity’s business and operations (including its equipment and service development and offerings) through GE Global Research on a contracted basis. 

“GE Provided R&D Services Foreground IP” means all Intellectual Property and Technology created in the course of
performance of GE Provided R&D Services, including that which is reflected in all research records, laboratory notebooks, technical reports, experimental results. 

“GE Provided Services” means all services to be provided by any GE Entity pursuant to this Agreement, including the CA
Services, GE Provided Umbrella Services, GE Provided R&D Services, GE Provided Facility Services, GE Provided Collaboration Services and Additional GE Provided Services. 

“GE Provided Technology Access” means Baker Hughes’s confidential access to any GE Entity’s (other than GE
Digital’s) proprietary Technology and related developments and enhancements thereto, in each case, related or applicable to one or more Baker Hughes Entities’ operations, products or service offerings (including Directed Industry R&D)
in a manner in which GE O&G received similar access from GE and its Affiliates during the Baseline Period (for the avoidance of doubt, such access shall not include GE Provided R&D Services). For the avoidance of doubt, the GE Provided
Technology Access includes Baker Hughes Incorporated’s and its Affiliates’ access to such items of GE or any of its Affiliates immediately prior to the Closing. 

  
 10 

 “GE Provided Umbrella Services” shall have the meaning set forth in
Section 2.01(b). 
 “GE Services Manager” shall have the meaning set forth in Section 4.01(a). 

“GE Statement of Work” shall have the meaning set forth in Section 3.01(a). 

“Governmental Authority” means any federation, nation, state, sovereign or government, any federal, supranational, regional,
state or local political subdivision, any governmental or administrative body, instrumentality, department or agency or any court, administrative hearing body, commission or other similar dispute resolving panel or body, and any other entity
exercising executive, legislative, judicial, regulatory or administrative functions of a government. 
 “Highly Confidential
Information” means Confidential Information of a Party: (i) (A) that is distributed only among a certain limited set of individuals pursuant to such Party’s written data classification policy or guideline; and (B) that
is appropriately classified with the Party’s top level data classification pursuant to the terms of such Party’s written data classification policy or guideline; or (ii) where, if such Confidential Information is disclosed improperly,
such disclosure would reasonably be expected to have a material and adverse impact on such Party with respect to product investment, timeframe for competitor to replicate, lost revenues, impact on share price, reputational risk and/or any other
non-quantitative risks. 
 “Interest Rate” means the prime rate published in the eastern edition of The Wall Street
Journal or a comparable newspaper if The Wall Street Journal shall cease publishing the prime rate, as of 11:00 a.m. (Eastern time) on each day during the period for which interest is to be paid. 

“Indemnified Parties” means, as the case may be, the Party being indemnified, its Affiliates and Representatives, each of
whom shall be deemed a third-party beneficiary hereof. 
 “Intellectual Property” means all the following whether arising
under the Laws of the United States or of any other jurisdiction: (i) patents, patent applications (including patents issued thereon), including reissues, divisions, continuations, continuations-in-part, extensions and reexaminations thereof,
and all rights therein provided by international treaties or conventions; (ii) copyrights in works of authorship of any type (including copyrights in Software), mask work rights and design rights, whether or not registered, and registrations
and applications for registration thereof, and all rights therein provided by applicable international treaties or conventions, all moral and common law rights thereto, and all other intellectual property rights associated therewith;
(iii) trade secrets; (iv) database, computer program and other digital media applications and registrations; and (v) all other industrial and intellectual property rights arising from, or in respect to, Technology. 

“IP Cross-License Agreement” means that certain IP Cross-License Agreement, dated as of the date hereof (as it may be
amended, supplemented or modified from time to time), between GE and Baker Hughes. 

  
 11 

 “Law” means any United States federal, state, local or non-United States
statute, law, ordinance, regulation, rule, code, order or other requirement or rule of law, including common law. 
 “Local
Agreements” shall have the meaning set forth in Section 4.03. 
 “Long-Term Ancillary Agreements”
shall have the meaning ascribed to it in the Transaction Agreement. 
 “Losses” means all losses, damages, costs, expenses,
and liabilities actually suffered or incurred and paid (including reasonable attorneys’ fees). 
 “Party” means GE and
Baker Hughes individually, and “Parties” means GE and Baker Hughes collectively, and, in each case, their permitted successors and assigns. 

“Portfolio Reviews” shall have the meaning set forth in Section 3.09(a). 

“POs” means purchase orders issued by GE or Baker Hughes or any of their Affiliates to GE or Baker Hughes or any of their
Affiliates, as the case may be, for Umbrella Services or Additional Baker Hughes Provided Services, as the case may be, during the Term. 

“Project” means any specific research and development activities identified as a “Project” in the applicable GE
Statement of Work or Baker Hughes Statement of Work. 
 “Project Leader” shall have the meaning set forth in Section
3.01(e)(v). 
 “Provider” means the Party or its Subsidiary or Affiliate providing a service under this Agreement. 

“Producer Price Index” means the Producer Price Index as published by the United States Department of Labor, Bureau of Labor
Statistics or any substitute index hereafter adopted by the United States Department of Labor. 
 “R&D Services” means
the GE Provided R&D Services and the Baker Hughes Provided R&D Services, as applicable. 
 “R&D Services Foreground
IP” means the GE Provided R&D Services Foreground IP and Baker Hughes Provided R&D Services Foreground IP, as applicable. 

“R&D Services Provider” means a Person providing R&D Services pursuant to this Agreement. 

“R&D Services Recipient” means a Person to which R&D Services are being provided pursuant to this Agreement. 

“Recipient” means the Party or its Subsidiary or Affiliate to whom a service under this Agreement is being provided. 

  
 12 

 “Representative” of a Person means any director, officer, employee, agent,
consultant, accountant, auditor, attorney or other representative of such person. 
 “Schedule” means each of Schedule
2.01(a)(i), Schedule 2.01(b), Schedule 2.01(c), Schedule 2.02(b), Schedule 3.01(c), Schedule 3.13(a), Schedule 3.13(d), Schedule 4.01(a), Schedule 4.01(b), Schedule 5.04(a),
Schedule 5.04(b), Schedule 5.04(c), Schedule 5.05(a), Schedule 5.05(b), and Schedule 5.06(g). 

“Services” means the GE Provided Services and/or the Baker Hughes Provided Services. 

“Service Charges” means Umbrella Service Charges, R&D Fees, Facility Costs, Collaboration Costs, Additional Service Fees
and the Corporate Assessment, as applicable. 
 “Shared Manufacturing Arrangement” shall have the meaning set forth in
Section 5.05(a). 
 “Software” means computer software, programs and databases in any form, including (as applicable
in context) source code, object code, operating systems, specifications, data, database management code, utilities, graphical user interfaces, software engines, software platforms, data formats, versions thereof, and related materials,
documentation, developer notes, comments and annotations. 
 “Statement of Work” means a GE Statement of Work or Baker
Hughes Statement of Work, as applicable. 
 “Stockholders Agreement” means that certain Stockholders Agreement, dated as of
the date hereof (as it may be amended, supplemented or modified from time to time), between GE and BHGE. 
 “Supply
Agreement” means that certain Supply Agreement, dated as of the date hereof (as it may be amended, supplemented or modified from time to time), between GE and Baker Hughes. 

“Systems” means, collectively, the GE or Baker Hughes Intranet, as applicable, or such other computer software (owned or
licensed), networks, hardware, technology or computer-based resources. 
 “Tax” shall have the meaning ascribed to it in
the Transaction Agreement. 
 “Taxing Authority” means any Governmental Authority responsible for the administration or the
imposition of any Tax. 
 “Technology” means, collectively, designs, formulae, algorithms, procedures, methods, products,
services, techniques, ideas, know-how, results of research and development, Software, descriptions, flow-charts, documentation (including user manuals and other training documentation), tools, data, inventions, apparatus, creations, improvements,
works of authorship and other similar materials, and all recordings, graphs, drawings, reports, analyses and other writings, and any other embodiments of the above, in any form whether or not specifically listed herein. 

  
 13 

 “Technology Access” means the Baker Hughes Provided Technology Access and the GE
Provided Technology Access, as applicable. 
 “Technology Center Agreement” means that certain agreement among General
Electric Company’s China Technology Center in Shanghai, China, General Electric Company’s John F. Welch Technology Center in Bangalore, India and SUEZ, a French société anonyme. 

“Term” shall have the meaning set forth in Section 9.01(a). 

“Termination Charges” means any and all fees or expenses (which may include breakage fees, early termination fees or charges,
or minimum volume charges) owed to any unaffiliated third-party provider as a result of an early termination or reduction of a service provided hereunder. 

“Trademark License Agreement” means that certain Trademark License Agreement, dated as of the date hereof (as it may be
amended, supplemented or modified from time to time), between GE and BHGE. 
 “Transaction Agreement” shall have the
meaning ascribed to it in the Recitals. 
 “Trigger Date” shall have the meaning ascribed to it in the Stockholders
Agreement. 
 “TSA Services” means Services in respect of the Facilities and each Umbrella Service designated on
Schedule 2.01(b) or Schedule 2.02(b) as terminable upon sixty (60) days’ prior written notice to the Provider of such Umbrella Service of such termination. 

“Umbrella Service Charges” shall have the meaning set forth in Section 5.06(b). 

“Umbrella Services” means the GE Provided Umbrella Services and the Baker Hughes Provided Umbrella Services, as applicable.

 ARTICLE II 

SERVICES AND DURATION 

SECTION 2.01 GE Services to be Provided. Subject to the terms and conditions of this Agreement, and without limiting any other
Services contemplated by this Agreement, GE shall provide (or cause to be provided) to the Baker Hughes Entities the following services: 

(a) Administrative Services and GE Provided Technology Access. GE shall continue the arrangements and processes in effect between GE or
any of its Affiliates or divisions (in each case excluding GE O&G), on the one hand, and GE Oil & Gas (“GE O&G”), on the other hand, during the Baseline Period in providing to the Baker Hughes Entities (at the 

  
 14 

 
Baker Hughes Entities’ option), during the Term, as supplemental (not as a replacement) to the Baker Hughes Entities’ existing service infrastructure, services in each of the following
areas: 
 (i) both (A) services as provided by GE’s Global Growth Organization to GE O&G during the Baseline
Period and (B) general corporate administrative services (in each case, as further described on Schedule 2.01(a)(i)) (collectively, the “Administrative Services”); and 

(ii) GE Provided Technology Access subject to Section 10.03(e) and the following: 

(A) any of the GE Entities, upon request, shall automatically grant GE Provided Technology Access to any of the Baker Hughes
Entities hereunder as a CA Service provided in consideration of the Corporate Assessment, provided that: (x) granting such GE Provided Technology Access involves a level of assistance in terms of time, effort and/or cost that has been
provided during the ordinary course of dealings between GE O&G and the GE Entities during the Baseline Period without the requirement for a written statement of work, purchase order or similar documentation; and (y) granting such GE
Provided Technology Access would not require such GE Entity to provide or communicate Highly Confidential Information to such Baker Hughes Entity. 

(b) GE Provided Umbrella Services. GE shall continue the service arrangements and processes in effect between GE or any of its
Affiliates or divisions (in each case excluding GE O&G), on the one hand, and GE O&G, on the other hand, during the Baseline Period by providing to the Baker Hughes Entities (at the Baker Hughes Entities’ option and for the applicable
Umbrella Service Charge), during the Term, access to the service arrangements made available by GE or any of its Affiliates or divisions to GE O&G during the Baseline Period as further described on Schedule 2.01(b) (the “GE
Provided Umbrella Services”). 
 (c) GE Provided R&D Services. GE shall continue the arrangements and processes in
effect between GE Global Research and GE O&G during the Baseline Period by providing to the Baker Hughes Entities (at the Baker Hughes Entities’ option), during the Term, GE Provided R&D Services as further described in Article
III hereof. The technology research and development services and arrangements between GE Global Research and GE O&G set forth on Schedule 2.01(c) that have been entered into prior to the date hereof shall survive in accordance with
the terms thereof and shall be subject to Section 10.03(e) if such substantially similar confidentiality is not otherwise provided therein. 

(d) Collaborations.If granting the technology access to a Baker Hughes Entity does not fall into Section 2.01(a)(ii)(A)
above, then such access shall not be included as a CA Service provided in consideration for the Corporate Assessment and the relevant GE Entity and Baker Hughes Entity shall use good faith efforts to reach agreement upon the terms of a Collaboration
Agreement in accordance with Section 3.13, including, if necessary, proposing modifications to the proposed request in order to reach such agreement. 

  
 15 

 SECTION 2.02 Baker Hughes Services to be Provided. Subject to the terms and
conditions of this Agreement, and without limiting any other Services contemplated by this Agreement, Baker Hughes shall provide (or cause to be provided) to the GE Entities the following services: 

(a) Baker Hughes Provided Technology Access. Subject to the terms and conditions of this Agreement, Baker Hughes shall provide (or cause
to be provided) to GE the Baker Hughes Provided Technology Access, subject to Section 10.03(f) and the following: 

(A) any of the Baker Hughes Entities, upon request, shall automatically grant Baker Hughes Provided Technology Access to any of
the GE Entities, provided that: (x) granting such Baker Hughes Provided Technology Access involves a level of assistance in terms of time, effort and/or cost that has been provided during the ordinary course of dealings between GE
O&G and the GE Entities during the Baseline Period without the requirement for a written statement of work, purchase order or similar documentation; and (y) granting such Baker Hughes Provided Technology Access would not require such Baker
Hughes Entity to provide or communicate Highly Confidential Information to such GE Entity. 
 (b) Baker Hughes Provided Umbrella
Services. Baker Hughes shall continue the service arrangements and processes in effect between GE O&G, on the one hand, and GE or any of its Affiliates or divisions (in each case excluding GE O&G), on the other hand, during the Baseline
Period by providing to the GE Entities (at the GE Entities’ option and for the applicable Umbrella Service Charge), during the Term, access to the service arrangements made available by GE O&G to GE or any of its Affiliates or divisions (in
each case excluding GE O&G) during the Baseline Period as further described on Schedule 2.02(b) (the “Baker Hughes Provided Umbrella Services”). 

(c) Baker Hughes Provided R&D Services. Baker Hughes, to the extent not prohibited by any third party agreement, shall provide to
the GE Entities (at the GE Entities’ option), during the Term, Baker Hughes Provided R&D Services as further described in Article III hereof. 

(d) Collaborations. If granting the technology access to a GE Entity does not fall into Section 2.02(a)(A) above, then the
relevant GE Entity and Baker Hughes Entity shall use good faith efforts to reach agreement upon the terms of a Collaboration Agreement in accordance with Section 3.13, including, if necessary, proposing modifications to the proposed
request in order to reach such agreement. 
 SECTION 2.03 Services in Effect on the Closing Date and Purchase Orders for
Services. 
 (a) Services in Effect on the Closing Date. Effective as of the Closing Date, (i) GE shall be entitled to
receive Baker Hughes Provided Services (other than Baker Hughes Provided Collaboration Services and Baker Hughes Provided R&D Services) in accordance with the processes, procedures and workflows in effect between GE O&G and GE during the
Baseline 

  
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Period and (ii) Baker Hughes shall be entitled to receive the GE Provided Services (other than GE Provided Collaboration Services and GE Provided R&D Services) in accordance with the
processes, procedures and workflows in effect between GE O&G and GE during the Baseline Period. 
 (b) Purchase Orders from Baker
Hughes to GE; Scheduling. 
 (i) With respect to each Additional GE Provided Service, Baker Hughes may submit, from time
to time, a written request for service (including a PO as applicable) to the GE Services Manager for the initiation of each such service. All such written requests shall contain elements and specifications consistent with each Party’s past
practice. Each such written request shall be deemed to incorporate by reference the terms and conditions of this Agreement and be numbered and dated. 

(ii) Not later than ten (10) Business Days following the GE Services Manager’s receipt of such a written request, the
GE Services Manager shall determine with the Baker Hughes Services Manager a service provision plan with respect to such Additional GE Provided Service and the inception date for such service. In all respects, the Parties agree to cooperate in good
faith in reasonably scheduling the location, timing and dates for the Services. Baker Hughes agrees to use reasonable efforts to provide GE with as much advance notice as is practicable regarding Baker Hughes’s scheduling needs. 

(iii) The GE Entities (including, for the avoidance of doubt, GE Global Research) shall not discriminate between Baker Hughes,
on the one hand, and any other division or business of GE, on the other hand, in the scheduling of the provision of any GE Provided Service; provided, that (A) nothing in this Agreement shall entitle Baker Hughes to any priority over
other GE divisions and businesses in such scheduling and (B) in the provision of any GE Provided Services pursuant to this Agreement provided by a division or business unit of GE, such division or business or product unit of GE may give
priority to its own product lines or businesses over Baker Hughes in the scheduling of the provision of such GE Provided Service. 
 (c)
Purchase Orders from GE to Baker Hughes; Scheduling. 
 (i) With respect to each Additional Baker Hughes Provided
Service, GE may submit, from time to time, a written request for service (including a PO as applicable) to the Baker Hughes Services Manager for the initiation of each such service. All such written requests shall contain elements and specifications
consistent with each Party’s past practice. Each such written request shall be deemed to incorporate by reference the terms and conditions of this Agreement and be numbered and dated. 

(ii) Not later than ten (10) Business Days following the Baker Hughes Services Manager’s receipt of a PO, the Baker
Hughes Services Manager shall determine with the GE Services Manager a service provision plan with respect to such Additional Baker Hughes Provided Service and the inception date for such service. In all respects, the Parties agree to cooperate in
good faith in reasonably scheduling the location, timing and dates for the Services. GE agrees to use reasonable efforts to provide Baker Hughes with as much advance notice as is practicable regarding GE’s scheduling needs. 

  
 17 

 (iii) The Baker Hughes Entities shall not discriminate between GE, on the one
hand, and any division or business of Baker Hughes, on the other hand, in the scheduling of the provision of any Baker Hughes Provided Service; provided, that (A) nothing in this Agreement shall entitle GE to any priority over any Baker
Hughes divisions and businesses in such scheduling and (B) in the provision of any Baker Hughes Provided Services pursuant to this Agreement provided by a division or business or product unit of Baker Hughes such division or business or product
unit may give priority to its own product lines or business units over GE in the scheduling of the provision of such Baker Hughes Provided Services. 

SECTION 2.04 Duration of Services. Subject to the terms of this Agreement, each Provider shall provide or cause to be provided to
the applicable Recipients each Service until the date on which such Service is terminated under Article IX hereof. 

SECTION 2.05 Additional GE Provided Services. 

(a) After the date hereof, if Baker Hughes identifies a service that any GE Entity provided to the Business during the Baseline Period that
Baker Hughes reasonably needs in order for the Business to continue to operate in substantially the same manner in which the Business operated during the Baseline Period, and such service was not included in Schedule 2 .01(a)(i) or
Schedule 2.01(b) (other than because the Parties agreed in writing that such service shall not be provided), then Baker Hughes and GE shall negotiate in good faith to provide such requested service as an Umbrella Service (such additional
services, the “Additional GE Provided Services”). The Provider shall provide such Additional GE Provided Services to the Recipient as the GE Services Manager and the Baker Hughes Services Manager can mutually agree in writing. In
the event that the Parties reach an agreement with respect to providing such Additional GE Provided Services, such Additional GE Provided Services shall be deemed Umbrella Services hereunder and, accordingly, the Party requested to provide such
Additional GE Provided Services shall provide such Additional GE Provided Services, or cause such Additional GE Provided Services to be provided (following written agreement on any incremental fees, if any, and termination date with respect to such
Additional GE Provided Services), in each case, in accordance with the terms and conditions of this Agreement. For the avoidance of doubt, the extension of the period of duration of any GE Provided Service may be considered Additional GE Provided
Services. For Additional GE Provided Services identified within twenty-four months of Closing, GE will give due consideration to a request for a termination notice period of less than seven and a half (7.5) months. 

(b) GE shall give due consideration to a request by Baker Hughes for it to provide a service that GE provides to each of its other divisions
that is not provided to Baker Hughes because it was not a service provided to the Business during the Baseline Period. 
 SECTION 2.06
Additional Baker Hughes Provided Services. After the date hereof, if GE identifies a service that the Business provided to GE during the Baseline Period that GE reasonably needs in order to continue to operate in substantially the same manner
in 

  
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which it operated during the Baseline Period, and such service was not included in Schedule 2.02(b) (other than because the Parties agreed in writing that such service shall not be provided),
then Baker Hughes and GE shall negotiate in good faith to provide such requested service as an Umbrella Service (such additional services, the “Additional Baker Hughes Provided Services” and together with the Additional GE Provided
Services, the “Additional Services”). The Provider shall provide such Additional Baker Hughes Provided Services to the Recipient as the Baker Hughes Services Manager and the GE Services Manager can mutually agree in writing. In the
event that the Parties reach an agreement with respect to providing such Additional Baker Hughes Provided Services, such Additional Baker Hughes Provided Services shall be deemed Umbrella Services hereunder and, accordingly, the Party requested to
provide such Additional Baker Hughes Provided Services shall provide such Additional Baker Hughes Provided Services, or cause such Additional Baker Hughes Provided Services to be provided (following written agreement on any incremental fees, if any,
and termination date with respect to such Additional Baker Hughes Provided Services), in each case, in accordance with the terms and conditions of this Agreement. For the avoidance of doubt, the extension of the period of duration of any Baker
Hughes Provided Service may be considered Additional Baker Hughes Provided Services. For Additional Baker Hughes Provided Services identified within twenty-four months of Closing, Baker Hughes will give due consideration to a request for a
termination notice period of less than seven and a half (7.5) months. 
 SECTION 2.07 Limitations on the Provision of
Services. 
 (a) Notwithstanding anything to the contrary set forth herein, GE shall not be required to provide or cause to be provided
any Umbrella Service beyond the scope (in terms of volume and quantity) and manner in which the Services were provided during the Baseline Period. Subject to the terms and conditions hereof, the Parties shall cooperate in good faith to address the
provision of Services in the event of material changes in the Business from the Baseline Period. 
 (b) Except as expressly provided in the
Transaction Agreement, in any Ancillary Agreement or any Long-Term Ancillary Agreement, unless required in connection with the performance of or delivery of any Service, Baker Hughes shall cease using (and shall cause its employees to cease using)
any services made available by the GE Entities to the Business or their personnel prior to the date hereof and the GE Entities shall cease using (and shall cause their employees to cease using) any services made available by the Business to the GE
Entities or their personnel prior to the date hereof. 
 ARTICLE III 

PERFORMANCE OF SERVICES 

SECTION 3.01 R&D Services and Statements of Work. 

(a) GE Global Research and any Baker Hughes Entities may agree from time to time on certain GE Provided R&D Services to be provided by GE
Global Research to such Baker Hughes Entities in accordance with the terms and conditions of this Agreement and certain statements of work issued by one or more Baker Hughes Entity and accepted by GE Global Research, or other written agreements or
correspondence (whether or not referring to this Agreement) to be entered into by or exchanged between GE Global Research and such Baker Hughes Entities (each, a “GE Statement of Work”). 

  
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 (b) Baker Hughes and any GE Entities may agree from time to time on certain Baker Hughes Provided
R&D Services to be provided by Baker Hughes or its Affiliates to such GE Entities in accordance with the terms and conditions of this Agreement and certain statements of work issued by one or more GE Entity and accepted by Baker Hughes, or other
written agreements or correspondence (whether or not referring to this Agreement) to be entered into by or exchanged between Baker Hughes and such GE Entities (each, a “Baker Hughes Statement of Work”). 

(c) Nothing in this Agreement shall be deemed to obligate a Party to enter into a Statement of Work. 

(d) The applicable R&D Services Recipients and R&D Services Providers shall execute a separate Statement of Work for each Project.

 (e) All Statements of Work must be in writing and signed by a duly authorized representative of each of the applicable R&D Services
Providers and R&D Services Recipients prior to the commencement of any R&D Services under such Statement of Work . Each Statement of Work shall be: (i) deemed a separate agreement between the applicable R&D Services Providers and
R&D Services Recipients, and shall be an independent obligation from any other Statement of Work, (ii) deemed to incorporate by reference the terms and conditions of this Agreement, and (iii) numbered and dated. Statements of Work may
be in the form set forth in Schedule 3.01(c), and should contain the following elements: 
 (i) a statement of the
scope and objective of the Project; 
 (ii) a detailed description of the R&D Services to be performed; 

(iii) identification of the Deliverables and schedule for delivery; 

(iv) projected total and annual funding levels for each identified Project, including the funding level for each R&D
Services Recipient, GE, Baker Hughes and/or any Governmental Authority and any specified funding limitations; 
 (v) for each
identified Project, the name of the person designated by each Party (each, a “Project Leader”) to serve on such Party’s behalf as the primary contact between the Parties for such Project; 

(vi) the review and reporting requirements as described under Section 3.05. 

(vii) the term of such Statement of Work, including any renewal options, termination rights and related notice periods; 

  
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 (viii) the personnel, services, material or other resources that the applicable
R&D Services Recipients shall provide to enable or support the R&D Services and any other obligations of such R&D Services Recipients; 

(ix) identification of applicable export control and government security classifications for the Project(s); 

(x) a statement identifying any Persons or business units that are co-sponsoring the applicable R&D Services under such
Statement of Work; 
 (xi) provisions for post-Project disposal, sale, or use of any equipment acquired for any Project(s);

 (xii) provisions regarding ownership of R&D Services Foreground IP; 

(xiii) any provisions regarding restrictions on the use of any Intellectual Property relevant to such Statement of Work, which
shall limit the licenses granted in Section 3.06 and shall control over any provisions related to Intellectual Property in any PO; and 

(xiv) such other provisions as are applicable to a specific Statement of Work (which may include representations, warranties
and indemnification provisions; provided that in such case, the Provider shall be entitled to adjust the price of such applicable R&D Services to reflect any such risk allocation included in the Statement of Work. 

(f) The relevant content of any research records, laboratory notebooks, technical reports, progress reports, invention records, meeting
minutes, and other similar business records arising in the course of performance of R&D Services under such Statement of Work shall be owned by the party that owns the related R&D Services Foreground IP pursuant to the terms of this
Agreement or such Statement of Work, as applicable, to the extent that such business records are created during the term of this Agreement with respect to R&D Services and relate solely to the provision of R&D Services . The R&D Services
Provider may retain copies of any such business records owned by a R&D Services Recipient following the expiration or termination of this Agreement, subject in all respects to the confidentiality restrictions referenced in Article X. 

(g) In the event of any conflict or inconsistency between the terms and conditions of this Agreement and the terms and conditions of a
Statement of Work, the terms and conditions of this Agreement shall prevail, unless a Statement of Work specifically references the provisions of this Agreement that are inconsistent therewith (or it is reasonably apparent from the face of the
Statement of Work that such provisions were meant to be specifically referenced and were inadvertently not so referenced), in which case the terms and conditions of such Statement of Work shall prevail . The Parties shall modify any provisions of
this Agreement to the extent necessary to comply with the local Laws of the jurisdiction in which such Statement of Work is executed or the local Laws of the jurisdiction(s) where the R&D Services are rendered while reflecting, to the maximum
extent possible, the intent of the Parties reflected herein. 

  
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 (h) The Parties shall use reasonable efforts in good faith to, (i) in the event the Closing
Date occurs prior to November 1, 2017, reach agreement on Statements of Work for the 2018 calendar year and each calendar year thereafter during the Term by November 1 of the prior calendar year, and within thirty (30) days after the
Closing Date for the 2017 calendar year and (ii) in the event the Closing Date occurs on or after November 1, 2017, reach agreement on Statements of Work for the 2019 calendar year and each calendar year thereafter during the Term by
November 1 of the prior calendar year, and within thirty (30) days after the Closing Date for the 2018 calendar year, in each case to facilitate the R&D Services Providers’ allocation of resources in advance . Nothing in this
Section 3.01(h) shall preclude the Parties from entering into mutually acceptable Statements of Work at other times. 

SECTION 3.02 Project Change. If either a R&D Services Provider or a R&D Services Recipient proposes changes in a Project,
the R&D Services Providers and R&D Services Recipients for the applicable Statement of Work shall discuss such changes, but no changes shall be binding unless mutually agreed upon in writing. If the applicable R&D Services Providers and
R&D Services Recipients do not agree to any changes proposed with respect to a given Project, either the R&D Services Providers or the R&D Services Recipients may terminate that Project upon providing the other party with at least
forty-five (45) days’ prior written notice of their intention to terminate, provided that the R&D Services Providers or the R&D Services Recipients, as applicable, shall reimburse the other party for any and all reasonable,
direct and documented costs of the early termination; provided, further that the R&D Services Providers and the R&D Services Recipients shall exercise reasonable efforts in good faith to mitigate and reduce such costs,
including applying resources to other Projects, where feasible. Other than with respect to the foregoing right of termination, if the R&D Services Recipients fail to agree on a change, the Project scope, funding, timing, and other items shall
remain, and the R&D Services shall proceed, as specified in the applicable Statement of Work. 
 SECTION 3.03 Replacement of
Project Leaders. Except as otherwise mutually agreed to in writing in the applicable Statement of Work, each party to a Statement of Work may, in its sole discretion, appoint an adequately qualified new or alternate Project Leader for each
Project to manage its obligations hereunder. Each party to a Statement of Work agrees to provide the other parties with written notification, in advance if practical, if and when such party appoints a new or alternate Project Leader. 

SECTION 3.04 Subcontracting. A R&D Services Provider may (a) subcontract to a third party that is not its Affiliate up to
15% of the R&D Services on any Statement of Work and (b) subcontract any amount of the R&D Services on any Statement of Work to an Affiliate, in each case of (a) and (b), without the consent of the applicable R&D Services
Recipients; provided that such R&D Services Provider shall (i) ensure that R&D Services that it subcontracts to a third party shall be provided in a manner and of a quality consistent with the R&D Services provided by such
R&D Services Provider, (ii) ensure that it will not subcontract to a third party any rights that conflict with any (x) Intellectual Property ownership rights referenced in this Agreement or an applicable Statement of Work or
(y) the confidentiality restrictions referenced in Article X and (iii) in all cases remain primarily responsible for its obligations hereunder with respect to the scope of the R&D Services, the standard for services as set forth
in Article VI hereof and the content of the R&D Services provided to the R&D Services Recipients. 

  
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 SECTION 3.05 Review and Reporting Requirements. 

(a) From time to time as the Parties agree, R&D Services Providers shall hold technical Project reviews . The reporting requirements for
each Project shall be specified in the Statement of Work. 
 (b) The following legal notice shall be affixed to each report furnished by GE
Global Research to the Baker Hughes Entities hereunder and resulting from this Agreement which may be distributed other than to the Baker Hughes Entities or GE Global Research: 

“This report was prepared by General Electric Company, acting through its Global Research Center (GE Global Research) as an account of
work sponsored in whole or in part by [General Electric Company and/or [Baker Hughes Entity]]. Information contained in this report may include confidential technical information which is the property of [General Electric Company and/or
[Baker Hughes Entity]]. Neither General Electric Company, nor [Baker Hughes Entity], nor any person acting on their behalf: 
  

	 	(i)	makes any warranty or representation, express or implied, with respect to the use of any information contained in this report, or that the use of any information, apparatus, method, or process disclosed in this report
may not infringe privately-owned rights; or 

  

	 	(ii)	assumes any liabilities with respect to the use of, or for damages resulting from the use of, any information, apparatus, method, or process disclosed in this report.” 

(c) The following legal notice shall be affixed to each report furnished by Baker Hughes or its applicable Affiliate to the GE Entities
hereunder and resulting from this Agreement which may be distributed other than to the GE Entities or Baker Hughes: 
 “This report was
prepared by Baker Hughes, acting through its applicable affiliate or division, as an account of work sponsored in whole or in part by Baker Hughes and/or [GE Entity]. Information contained in this report may include confidential technical
information which is the property of Baker Hughes and/or [GE Entity]. Neither Baker Hughes, nor [GE Entity], nor any person acting on their behalf: 
  

	 	(i)	makes any warranty or representation, express or implied, with respect to the use of any information contained in this report, or that the use of any information, apparatus, method, or process disclosed in this report
may not infringe privately-owned rights; or 

  

	 	(ii)	assumes any liabilities with respect to the use of, or for damages resulting from the use of, any information, apparatus, method, or process disclosed in this report.” 

  
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 SECTION 3.06 License to Background IP and R&D Services Foreground IP. 

(a) Baker Hughes hereby grants and agrees to grant, and cause its Affiliates to grant and agree to grant, to the GE Entities a royalty-free,
fully paid-up, non-exclusive, limited right and license, with no right to sublicense (except pursuant to Section 3.04), to any of its or their Background IP and R&D Services Foreground IP, in each case, that is Controlled by Baker Hughes
or its Affiliates, solely as applicable, to perform the GE Provided R&D Services to be provided by GE Global Research under an applicable GE Statement of Work (whether or not listed in the applicable GE Statement of Work) for the term of such
applicable GE Statement of Work. 
 (b) GE hereby grants and agrees to grant, and cause its Affiliates to grant and agree to grant, to the
Baker Hughes Entities a royalty-free, fully paid-up, non-exclusive, limited right and license, with no right to sublicense (except pursuant to Section 3 .04), to any of its or their Background IP and R&D Services Foreground IP, in each
case, that is Controlled by GE or its Affiliates solely, as applicable, to perform the Baker Hughes Provided R&D Services to be provided by the Baker Hughes Entities under an applicable Baker Hughes Statement of Work (whether or not listed in
the applicable Baker Hughes Statement of Work) for the term of such applicable Baker Hughes Statement of Work. 
 SECTION 3.07
Ownership of Intellectual Property. 
 (a) Any Intellectual Property created by or on behalf of a Provider or jointly by or on behalf
of the Parties during the provision of Technology Access and any Umbrella Services listed under the categories of “Engineering Services” or “IT” under Schedule 2.01(b) or Schedule 2.02(b) shall be owned by such
Provider. 
 (b) Any Intellectual Property developed in connection with a Collaboration shall be owned by the party specified in the
applicable Collaboration Agreement. 
 (c) Ownership of any R&D Services Foreground IP shall be agreed upon by the Parties in the
applicable Statement of Work. 
 (d) Any Intellectual Property created during the provision of any Service (other than Technology Access,
R&D Services, Collaboration Services and any Umbrella Services listed under the categories of “Engineering Services” or “IT” under Schedule 2.01(b) or Schedule 2.02(b)) by or on behalf of a Provider,
(i) without joint inventorship by the Recipient, shall be owned by such Provider and (ii) with joint inventorship by the Recipient, shall be owned jointly by such Provider and Recipient. 

SECTION 3.08 Patent Prosecution and Costs. Unless otherwise agreed to in the relevant Statement of Work and subject to
Section 3.09, the designated owner of the R&D Services Foreground IP arising under a particular Statement of Work shall have the option of preparing, filing, and prosecuting patent applications, and for maintaining all U.S. and
foreign patents and patent applications thereon, including the payment of any fees applicable to the foregoing. Each Party shall be responsible for managing its own inventor remuneration program, if it so chooses to have one, including making any
payments due to its personnel in connection with any Intellectual Property developed in connection with the Services provided hereunder. Each Party shall remain responsible for inventor remuneration required by local laws for its own inventors in
connection with any Intellectual Property developed in connection with the services provided hereunder. 

  
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 SECTION 3.09 Portfolio Reviews for R&D Services Foreground IP. 

(a) The Parties shall provide agreed reports no less than twice per year setting forth a review of the portfolio of R&D Services
Foreground IP (“Portfolio Reviews”) . In each Portfolio Review report, the owner of each Docket of R&D Services Foreground IP shall inform the other Party about whether it will: (i) prepare, file, prosecute, or maintain
(including no longer accepting responsibility for any such costs and fees), as the case may be, any patents or patent applications on that Docket of R&D Services Foreground IP during the upcoming six (6)-month period; or (ii) make public,
as part of a defensive publication or otherwise, that Docket of R&D Services Foreground IP. 
 (b) If either Party decides to no longer
prepare, file, prosecute or maintain, as the case may be, patents or patent applications based on any R&D Services Foreground IP Dockets, the other Party shall have the option to prepare and/or assume ownership of such patent or patent
application, for no additional consideration to such first Party . If such other Party exercises this option and acquires ownership of such patent or patent application, such first Party shall execute all documents reasonably required to vest all of
their right, title and control in the patent or patent application in such other Party, and shall deliver the relevant dockets, invention disclosures, file wrappers, and similar materials for the transferred patent or patent application to such
other Party. 
 (c) If any Party decides to make public any R&D Services Foreground IP that is not the subject of a pending patent
application, such Party shall provide notice to the other Party and an opportunity for such other Party to remove any of its Confidential Information from such public disclosure. Such other Party shall have ninety (90) days from receipt of such
notice to respond. If such other Party does not respond during such ninety (90) day period, the first Party’s public disclosure shall be deemed approved. 

(d) Without limiting the generality of the foregoing Section 3.09(a), Section 3.09(b) and Section 3.09(c), each
Party shall use their reasonable efforts in good faith to provide the other Party written notice of their intention not to file, prosecute, or maintain any Docket of R&D Services Foreground IP at least ninety (90) days prior to any known
statutory bar dates, cut-off dates, abandonment dates, statutory office action response dates, hearings, or other equivalent deadlines set by any United States or foreign court, or by U.S. Patent and Trademark Office or foreign equivalent office,
with respect to such docket. 
 SECTION 3.10 License to Transferred R&D Services Foreground IP and Accessed Intellectual
Property. If a Party transfers ownership of any R&D Services Foreground IP under Section 3.09 or any Intellectual Property that a Party is granted access to pursuant to this Agreement, such Intellectual Property shall be licensed
pursuant to the IP Cross-License Agreement. For the avoidance of doubt, nothing herein shall grant the recipient of such technology access any broader rights to use the Intellectual Property or technology accessed therefrom than the rights provided
under the IP Cross-License Agreement. 

  
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 SECTION 3.11 Governmental Restrictions and Approvals; Certain Other Restrictions. The
assignments, restrictions and licenses contemplated in Section 3.06, Section 3.07, Section 3.10 and Section 3.13 of this Agreement shall be subject to any required Governmental Authority approvals,
disclosures, restrictions or reservations, including any of the foregoing that arise out of the funding of any Statement of Work, in whole or in part, by a Governmental Authority. The Parties shall use reasonable efforts in good faith to obtain any
and all such approvals that may be required and to ensure any required disclosures are timely made. GE’s obligation to provide GE Provided R&D Services and services pursuant to a Collaboration shall be subject to any restrictions set forth
in the Technology Center Agreement. 
 SECTION 3.12 Third-Party IP. If a R&D Services Provider requires any license or other
rights to third-party Intellectual Property or Technology in order to provide R&D Services, such R&D Services Provider shall notify the applicable R&D Services Recipients in writing as soon as practicable after such R&D Services
Provider identifies such a requirement. The Parties acknowledge and agree that there can be no assurance that such licenses or other rights will be successfully obtained or obtained on acceptable terms and, where such licenses or other rights are
identified after a Statement of Work has been entered into, the applicable R&D Services Recipients and R&D Services Provider shall agree to work together in good faith to resolve the issue, which may include changing the scope of or
terminating such Statement of Work. 
 SECTION 3.13 Collaborations. 

(a) A GE Entity, on the one hand, and a Baker Hughes Entity, on the other, may agree from time to time to enter into a Collaboration pursuant
to the terms of a Collaboration Agreement in a form substantially similar to the Collaboration Agreement set forth on Schedule 3 .13(a); provided that any research and technology collaboration with GE’s Digital division
shall be governed by the terms of the GE Digital Master Products and Services Agreement. Collaboration Agreements should contain the following elements: 

(i) projected total and annual funding levels for the collaboration, including the funding level for any Baker Hughes Entity,
GE Entity and/or any Governmental Authority and any specified funding limitations; 
 (ii) provisions regarding ownership of
Intellectual Property developed in connection with the collaboration; 
 (iii) if applicable, provisions regarding
restrictions on the use of any Intellectual Property relevant to such Collaboration Agreement which shall limit the licenses granted in this Section 3.13; 

(iv) if applicable, provisions regarding additional protections for Highly Confidential Information; 

(v) the term of such Collaboration Agreement, including any renewal options, termination rights and related notice periods; and

  
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 (vi) such other provisions as are applicable to a specific Collaboration
Agreement (which may include representations, warranties and indemnification provisions; provided that in such case, the Provider shall be entitled to adjust the price of such applicable Collaboration Services to reflect any such risk
allocation included in the Collaboration Agreement. 
 (b) Baker Hughes hereby grants and agrees to grant, and cause its Affiliates to grant
and agree to grant, to the GE Entities a royalty-free, fully paid-up, non-exclusive, limited right and license, with no right to sublicense, to any of its or their Background IP that is Controlled by the Baker Hughes or its Affiliates, solely as
applicable, to perform the obligations of the GE Entities under the applicable Collaboration Agreement. 
 (c) GE hereby grants and agrees
to grant, and cause its Affiliates to grant and agree to grant, to the Baker Hughes Entities a royalty-free, fully paid-up, non-exclusive, limited right and license, with no right to sublicense, to any of its or their Background IP that is
Controlled by the GE or its Affiliates, solely as applicable, to perform the obligations of the Baker Hughes Entities under the applicable Collaboration Agreement. 

(d) The Parties have entered into the Collaboration Agreements listed on Schedule 3 .13(d) prior to the date hereof which shall be
governed by the terms and conditions of this Agreement. 
 (e) In the event of any conflict or inconsistency between the terms and
conditions of this Agreement and the terms and conditions of a Collaboration Agreement, the terms and conditions of this Agreement shall prevail, unless a Collaboration Agreement specifically references the provisions of this Agreement that are
inconsistent therewith (or it is reasonably apparent from the face of the Collaboration Agreement that such provisions were meant to be specifically referenced and were inadvertently not so referenced), in which case the terms and conditions of such
Collaboration Agreement shall prevail . The Parties shall modify any provisions of this Agreement to the extent necessary to comply with the local Laws of the jurisdiction in which such Collaboration Agreement is executed or the local Laws of the
jurisdiction(s) where the provisions of such agreement are performed while reflecting, to the maximum extent possible, the intent of the Parties reflected herein. 

SECTION 3.14 Reservation of Rights. 

(a) All rights not expressly granted by a Party or its Affiliates hereunder are reserved by such Party and its Affiliates . Without limiting
the generality of the foregoing, the Parties and their Affiliates expressly acknowledge that nothing contained herein, including, for the avoidance of doubt, any GE Provided Technology Access and Baker Hughes Provided Technology Access, shall be
construed or interpreted as a grant, by implication or otherwise, of any rights or licenses other than the rights and licenses expressly set forth in this Article III. The rights and licenses granted in this Article III are subject to,
and limited by, any and all licenses, rights, limitations and restrictions with respect to the applicable Intellectual Property or Technology that have been previously granted to or otherwise obtained by any third party prior to the time such
Intellectual Property or Technology is assigned or licensed hereunder. 

  
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 (b) Except as expressly contemplated in any of the other Long-Term Ancillary Agreements, the
Parties acknowledge and agree that the terms and conditions of this Agreement do not extend to, or grant rights to either Party under, any of the other Long-Term Ancillary Agreements and any additional agreements entered into thereunder, including
the GE Digital Master Products and Services Agreement. 
 (c) Notwithstanding anything herein to the contrary, this Agreement shall not
require GE Digital LLC to provide any Services to the Baker Hughes Entities nor contemplates any access to GE Digital’s Intellectual Property or Technology by the Baker Hughes Entities, and the only Services to be provided by GE Digital and
access to such of its assets shall be pursuant to the GE Digital Master Products and Services Agreement. 
 ARTICLE IV 

OTHER ARRANGEMENTS 

SECTION 4.01 Intercompany Service Managers. 

(a) GE hereby appoints and designates the Intercompany Service Manager, or Managers as the case may be, as indicated in Schedule 4
..01(a) (the “GE Services Manager”), who will be directly responsible for coordinating and managing the delivery of the GE Provided Services and receipt of the Baker Hughes Provided Services, and have authority to act on
GE’s behalf with respect to matters relating to this Agreement. The GE Services Manager will work with the personnel of the GE Entities to periodically address issues and matters raised by Baker Hughes relating to this Agreement. 

(b) Baker Hughes hereby appoints and designates the Intercompany Service Manager, or Managers as the case may be, as indicated in Schedule
4.01(b) (the “Baker Hughes Services Manager”), who will be directly responsible for coordinating and managing the receipt of the GE Provided Services and delivery of the Baker Hughes Provided Services, and have authority to act
on Baker Hughes’s behalf with respect to matters relating to this Agreement. The Baker Hughes Services Manager will work with the personnel of Baker Hughes to periodically address issues and matters raised by GE relating to this Agreement. 

(c) Notwithstanding the requirements of Section 10.06, all communications from (i) Baker Hughes to GE or (ii) GE to Baker
Hughes pursuant to this Agreement regarding material matters (including disputes) that arise with respect to the Services shall be made through the GE Services Manager or the Baker Hughes Services Manager, as applicable, or such other individual or
individuals as specified by the GE Services Manager or the Baker Hughes Services Manager, in writing and delivered to GE or Baker Hughes, as applicable, by email with receipt confirmed. Each Party agrees to notify the other Party of the appointment
of a different GE Services Manager or Baker Hughes Services Manager, as applicable, if necessary, in accordance with Section 10.06. 

  
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 SECTION 4.02 Software and Software Licenses. 

(a) If and to the extent requested by a Party, the other Party shall use its reasonable efforts in good faith to assist such first Party in
its efforts to obtain licenses (or other appropriate rights) to use, duplicate and distribute, as necessary, certain Software necessary for a Provider to provide, or a Recipient to receive, Services; provided, however, that such first
Party shall identify the specific types and quantities of any such Software licenses; provided, further, that the other Party shall not be required to pay any fees or other payments or incur any obligations to enable such first Party
to obtain any such license or rights in addition to the fees and payments payable by the other Party in respect of any non-seat based enterprise-wide licenses as of the Closing Date; and provided, further, that the other Party shall
not be required to seek broader rights or more favorable terms for such first Party than those applicable to GE or Baker Hughes, as the case may be, prior to the date hereof or as may be applicable to GE or Baker Hughes from time to time hereafter.
The Parties acknowledge and agree that there can be no assurance that GE’s or Baker Hughes’s efforts will be successful or that GE or Baker Hughes will be able to obtain such licenses or rights on acceptable terms or at all and, where GE
or Baker Hughes enjoys rights under any enterprise, site or similar license grant, the Parties acknowledge that such license typically precludes partial transfers or assignments or operation of a service bureau. 

(b) With respect to the provision of any GE or Baker Hughes internal tools or Software (internal or third-party), both Parties will be
required to comply with any and all data configuration requirements or modifications applied to all GE or Baker Hughes businesses as directed by GE or Baker Hughes, as applicable. Subject to Section 6.04(b), neither Party will be required to
maintain any internal or third-party Software or tools should it (or its businesses) migrate to new programs. 
 SECTION 4.03 Local
Implementing Agreements. The Parties recognize and agree that there may be a need to document the Services in various jurisdictions outside of the United States from time to time. The Parties shall enter into, or cause their respective
Affiliates to enter into, local implementing agreements (“Local Agreements”) for Services in such jurisdictions, countries or geographical regions as a Party may reasonably request from time to time. Without limiting the generality
of the foregoing, should there be any conflict between any term or condition of a Local Agreement and this Agreement, the terms and conditions of this Agreement shall prevail. The Parties agree to cooperate in implementing any such Local Agreement
in a manner that does not subject a Provider to income Taxes in a jurisdiction other than those jurisdictions under the laws of which such Provider is organized or is, before the implementation of such Local Agreement, a Tax resident. 

SECTION 4.04 Corporate Policies. 

(a) GE shall provide Baker Hughes with access to, and hereby grants Baker Hughes the right to use, those corporate policies and manuals
(excluding manuals for products or technology) published on the GE Intranet or listed in Schedule 2.01(a) and Schedule 2.01(b) (collectively, the “GE Materials”). Baker Hughes may create materials based on the GE
Materials for distribution to employees, suppliers and customers of Baker Hughes for use in the operation of the Business in substantially the same manner as such materials were used during the Baseline Period. It is understood and agreed that GE
makes no representation or warranty, express or implied, as to the accuracy or completeness of the GE Materials or as to the suitability of the GE Materials for use by Baker Hughes in respect of its business, the Business or otherwise. 

  
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 (b) Notwithstanding the foregoing, the text of any materials based upon the GE Materials created
by Baker Hughes on behalf of its business or the Business (the “Baker Hughes Materials”) may not contain any references to GE except to the extent licensed under the terms of the Trademark License Agreement entered into under the
terms of the Transaction Agreement. 
 (c) Subject to the restrictions set forth in Section 4.04(a) and Section 4.04(b),
Baker Hughes’s rights to create and use materials based on GE Materials granted pursuant to this Section 4.04 are perpetual and shall survive expiration or termination of this Agreement. 

SECTION 4.05 Limitations with Respect to the GE Materials. 

(a) GE shall have no obligation (i) to notify Baker Hughes of any changes or proposed changes to any of the GE Materials, (ii) to
include Baker Hughes in any consideration of proposed changes to any of the GE Materials, (iii) to provide draft changes of any of the GE Materials to Baker Hughes for review and comment or (iv) to provide Baker Hughes with any updated
materials relating to any of the GE Materials. Baker Hughes acknowledges and agrees that, except as expressly set forth above and as between the Parties, GE reserves all rights in, to and under, including all Intellectual Property rights with
respect to, the GE Materials and no rights with respect to ownership or use, except as otherwise expressly provided herein, shall vest in Baker Hughes. Baker Hughes shall own all Baker Hughes Materials created in accordance with the terms of this
Agreement. Further, Baker Hughes agrees to take reasonable efforts to ensure that the GE Materials are not used for any purpose other than the purposes set forth above, provided, that Baker Hughes shall only be required to take those actions
it would consider advisable with respect to protecting the use of Baker Hughes’s proprietary or sensitive business materials of a similar nature. In the event that GE determines that Baker Hughes has not materially complied with some or all of
its obligations with respect to any or all of the GE Materials, GE may terminate Baker Hughes’s rights with respect to such GE Materials upon written notice to Baker Hughes if such material non-compliance remains uncured for a period of thirty
(30) days after receipt by Baker Hughes of a written notice thereof from GE and, in such case, GE shall be entitled to require any such GE Materials in Baker Hughes’s possession and control to be returned to GE or destroyed (with such
destruction certified in writing to GE) promptly after such termination. 
 (b) If Baker Hughes determines to cease to avail itself of any
of the GE Materials referred to in this Article IV or upon termination of any period during which Baker Hughes is permitted to use any of the GE Materials pursuant to Section 4.05(a), GE and Baker Hughes shall cooperate in good faith
to take reasonably appropriate actions to effectuate such determination or termination and protect GE’s rights and interests in the GE Materials. For the avoidance of doubt, Baker Hughes shall be permitted to use, in perpetuity, any Baker
Hughes Materials created in accordance with the terms of this Agreement. 

  
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 ARTICLE V 

ADDITIONAL AGREEMENTS 

SECTION 5.01 System Resources and Security. 

(a) Except as otherwise expressly provided in the Transaction Agreement, in any Ancillary Agreement, or any Long-Term Ancillary Agreement, or
unless required in connection with the performance of or delivery of a Service, each Party shall have the discretion to determine whether to provide to the other Party access and connectivity to the Intranet of such first Party and other owned or
licensed Software, networks, hardware or technology of such first Party and its Affiliates or computer-based resources which require a password or are available on a secured access basis. Each Party shall ensure that such access shall be used by
such personnel only for the purposes contemplated by, and subject to the terms of, this Agreement, or as otherwise determined by the Parties, and shall access and use only those Systems for which such Party has been granted the right to access and
use. In the event that any Service is terminated, the applicable Party’s access to the System required solely in connection with the performance of or delivery of such terminated Service shall also be terminated. 

(b) If, at any time, a Party determines that any of its personnel has sought to circumvent, or has circumvented, the other Party’s or its
Affiliates’ system security policies, procedures and requirements, or that any of its unauthorized personnel has accessed the Systems, or that any of its personnel has engaged in activities that may lead to the unauthorized access, use,
destruction, alteration or loss of data, information or Software of the other Party, such first Party shall promptly terminate any such person’s access to the Systems and immediately notify the GE Services Manager or Baker Hughes Services
Manager, as applicable. In addition, each Party shall have the right to deny personnel of the other Party access to its Systems upon notice to the other Party in the event that such first Party reasonably believes that such personnel have engaged in
any of the activities set forth above or otherwise pose a security concern. Each Party shall use its reasonable efforts in good faith to cooperate with the other Party in investigating any apparent unauthorized access to the Systems. GE and Baker
Hughes agree to use their respective reasonable efforts in good faith to cooperate and fully implement the provisions of this Section 5.01 promptly. 

(c) In the event of a cyber incident for which a Party reasonably believes its Intranet or other information technology-related resources have
been or could be compromised by a malicious threat actor, the other Party agrees that such first Party may take all steps it deems necessary and/or advisable in its sole and absolute discretion to remediate the cyber incident, including termination
of or blocking the other Party’s, its Affiliates’ and its and their personnel’s access and connectivity to the Intranet or such other information technology-related resources. If a Party reasonably believes any of the other
Party’s, its Affiliates or its or their personnel has failed to comply with the security guidelines of such first Party and its Affiliates, the other Party agrees that such first Party may, upon notice to the other Party describing such
non-compliance, block the other Party’s access and connectivity to the Intranet or such other information technology-related resources until such time as the other Party has remedied such non-compliance in a manner satisfactory to such first
Party in its sole discretion. 
 (d) In the event that any Deliverable under this Agreement includes executable binary code (other than in
the ordinary course of the performance of information technology Services and with respect to any Statement of Work), GE or Baker Hughes, as applicable, shall have the right to conduct a cybersecurity assessment of the applicable Deliverables,
intended to identify potential cybersecurity vulnerabilities in such Deliverables. 

  
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 SECTION 5.02 Access. 

(a) Baker Hughes shall, and shall cause its Affiliates to, allow GE and its Representatives reasonable access to the facilities of Baker
Hughes necessary for GE to fulfill its obligations under this Agreement. 
 (b) GE shall, and shall cause its Affiliates to, allow Baker
Hughes and its Representatives reasonable access to the facilities of GE necessary for Baker Hughes to fulfill its obligations under this Agreement. 

(c) Notwithstanding the other rights of access of the Parties under this Agreement, each Party shall, and shall cause its Affiliates to,
afford the other Party, its Affiliates and its Representatives, following not less than ten (10) Business Days’ prior written notice from the other Party, reasonable access during normal business hours to the facilities, information,
systems, infrastructure, and personnel of the relevant Providers as reasonably necessary for the other Party to verify the adequacy of internal controls over information technology, reporting of financial data and related processes employed in
connection with the Services, including in connection with verifying compliance with Section 404 of the Sarbanes-Oxley Act of 2002; provided, however, such access shall not unreasonably interfere with any of the business or
operations of such Party or its Affiliates. 
 SECTION 5.03 GE and Baker Hughes Global Services Contracts. 

(a) Notwithstanding Section 6.02 of the Transaction Agreement, following the Closing Date, each Party shall, as mutually agreed,
(i) allow and cause the other Party to continue as a participating party under all GE Global Services Contracts or Baker Hughes Global Services Contracts (that do not by their terms automatically terminate as to the other Party as a result of
the Closing), as applicable, with the same benefits and obligations as GE O&G, Baker Hughes or GE, as applicable, had in respect of such GE Global Services Contracts or Baker Hughes Global Services Contracts, as applicable, during the Baseline
Period and (ii) cooperate with the other Party to approach each third-party counterparty to a GE Global Services Contract or Baker Hughes Global Services Contract, as applicable, in respect of which, the other Party, as of the Closing Date, may
not qualify for continued participation, to allow for the other Party’s continued participation under such GE Global Services Contract or Baker Hughes Global Services Contract, as applicable, in accordance with the terms thereof, in each case,
without further payment or consideration by the GE Entities or Baker Hughes Entities, as applicable, for such continued participation by the other Party. 

(b) GE’s or Baker Hughes’s obligation to pay any amount under this Section 5.03 in respect of any GE Global Services Contract
or Baker Hughes Global Services Contract, as applicable, shall be determined consistent with the methodology applied in respect of GE’s, GE O&G’s or Baker Hughes’s participation, as applicable, during the Baseline Period, and each
Party’s participation shall constitute an Umbrella Service for purposes of this Agreement. 

  
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 SECTION 5.04 Shared Facilities. 

(a) GE hereby grants to Baker Hughes a limited license to use and access space at certain facilities and to continue to use certain equipment
located at such facilities (including use of office security and badge services), in each case as listed in Schedule 5.04(a) (the “GE Facilities”), for substantially the same purposes as used in the Business during the
Baseline Period. Baker Hughes hereby grants, or shall cause one or more of its Affiliates to grant, to GE a limited license to use and access space at certain facilities and to continue to use certain equipment located at such facilities (including
use of office security and badge services), in each case as listed in Schedule 5.04(b) (the “Baker Hughes Facilities”), for substantially the same purposes as used by the GE Entities other than the Business during the
Baseline Period. For the avoidance of doubt, at each of the GE Facilities and the Baker Hughes Facilities, GE and Baker Hughes, as the case may be, shall, in addition to providing access and the right to use such facilities, provide to the personnel
of GE and Baker Hughes, as the case may be, substantially all ancillary services that are provided as of the date hereof to its own employees at such facility, as well as such additional services as it may provide from time to time if the same are
requested and agreed, such as, by way of example and not limitation, reception, general repair and maintenance (subject to the immediately following sentence), janitorial, security (subject to the immediately following sentence), mail delivery and
telephony services, access to duplication, facsimile, printing and other similar office services, and use of cafeteria, breakroom, restroom and other similar facilities. Unless otherwise provided in the Schedules, such ancillary services
(i) shall not include research and development services or medical services and (ii) shall only include (A) in the case of security, those services provided in connection with shared areas of a GE Facility or a Baker Hughes Facility,
as the case may be, it being understood that the Provider shall not provide security services to Recipient-specific areas of the Provider’s facility (to the extent that it is reasonably practicable for Recipient to provide such services with
respect to any such Recipient-specific area) or security passes that permit entrance to Provider-specific areas of Recipient’s facility and (B) in the case of maintenance services, those services historically provided that are
general in nature and within the scope of customary maintenance of ordinary wear and tear. 
 (b) After the date hereof, if Baker Hughes
identifies a facility that (i) the GE Entities provided to the Business during the Baseline Period that Baker Hughes reasonably needs in order for the Business to continue to operate in substantially the same manner in which the Business
operated during the Baseline Period, and such facility was not included in Schedule 5.04(a) (other than because the Parties agreed such facility shall not be included), or (ii) the Business provided to the GE Entities during the Baseline
Period that GE reasonably needs in order for the GE Entities to continue to operate in substantially the same manner in which the GE Entities operated during the Baseline Period, and such facility was not included in Schedule 5.04(b) (other
than because the Parties agreed such facility shall not be included), then, in each case, Baker Hughes and GE shall negotiate in good faith to provide such requested facility (such additional facilities, the “Additional
Facilities”). In the event that the Parties reach an agreement with respect to providing such Additional Facilities, such Additional Facilities shall be deemed Facilities hereunder and, accordingly, the Party requested to provide such
Additional Facilities shall provide such Additional Facilities, or cause such Additional Facilities to be provided, in each case, in accordance with the terms and conditions of this Agreement. 

(c) The Parties shall permit only their authorized Representatives, contractors, invitees or licensees, to use the Baker Hughes Facilities and
GE Facilities (collectively, the “Facilities”), as applicable, except as otherwise permitted by the other Party in writing. If GE or Baker Hughes desires that the other should vacate a Facility, or GE or Baker Hughes desire to

  
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vacate a facility, the other party shall be consulted as soon as reasonably practicable following such decision, and its views taken into consideration in good faith. Notwithstanding the fact
that the Parties are occupying each other’s Facilities pursuant to a license, the Parties agree that such license is coupled with an interest and each Party waives the right to terminate such license at will. Instead, the Parties shall jointly
develop a timeline to vacate the Facility, which timeline shall consider any lease expiration date; provided that notwithstanding the foregoing, GE and Baker Hughes shall each have the right to terminate its occupancy of any Facility listed
on Schedule 5.04(c) and its related obligation to pay any Facility Costs with respect to such Facility pursuant to the written notice requirement of such Facility as set forth on Schedule 5.04(c), and such termination shall be without
penalty regardless of the terms of any pre-existing lease between any GE Entity and GE O&G. Each Party shall, and shall cause its respective Affiliates, Representatives, contractors, invitees or licensees to, vacate the other Party’s
Facilities at or prior to the earlier of (i) the agreed date and (ii) the termination of such Service pursuant to Article IX hereof, and shall deliver over to the other Party or its Affiliates, as applicable, the Facilities in the
same repair and condition at that date as on the date hereof, ordinary wear and tear excepted; provided, however, that in the event that the third-party lease for a Facility specifies otherwise, the Party vacating a Facility shall
deliver over such Facility in such repair and condition (consistent with Recipient’s past practices and taking into account the date that the Party began its occupation of such Facility) as set forth in the third-party lease. All tangible Baker
Hughes assets that are located at a GE Facility shall be removed from such property at Baker Hughes’s expense and in a manner so as not to unreasonably interfere with the operations of GE and to not cause damage to such property or any facility
located thereon. All tangible GE assets that are located at a Baker Hughes Facility shall be removed from such property at GE’s expense and in a manner so as not to unreasonably interfere with the operations of Baker Hughes and to not cause
damage to such property or any facility located thereon. 
 (d) In addition to the access rights provided under Section 5.02
hereof, the Parties or their Affiliates, or the landlord in respect of any third-party lease, shall have reasonable access to their respective Facilities from time to time as reasonably necessary for the security and maintenance thereof in
accordance with past practice and the terms of any third-party lease agreement, if applicable. To the extent that the Recipient is not insured in respect of a specific liability coverage pursuant to the GE corporate insurance program, the Recipient
agrees to maintain commercially appropriate and customary levels (consistent with Recipient’s past practices and in no event less than what is required by the landlord under the relevant lease agreement) of property and liability insurance in
respect of the Facilities they occupy and the activities conducted thereon and to be responsible for, and to indemnify and hold harmless the Provider in accordance with Article VII hereof (and subject to the limitations set forth in
Article VII) in respect of, the acts and omissions of its Representatives, contractors, invitees and licensees. EACH PARTY HEREBY WAIVES ALL RIGHTS OF RECOVERY, CLAIMS AND CAUSES OF ACTION AGAINST THE OTHER AND THEIR AFFILIATES FOR ANY
LOSS OR DAMAGE THAT MAY OCCUR TO THE REAL OR PERSONAL PROPERTY OF SUCH PARTY BY REASON OF FIRE, THE ELEMENTS OR ANY OTHER CAUSE THAT COULD BE INSURED AGAINST UNDER THE TERMS OF A STANDARD POLICY OF PROPERTY INSURANCE AND FOR ANY LOSSES COVERED BY
WORKERS’ COMPENSATION LAWS AND BENEFITS, REGARDLESS OF CAUSE OR ORIGIN, INCLUDING, WITHOUT LIMITATION, THE NEGLIGENCE OF THE OTHER PARTY, ITS AGENTS, OFFICERS, DIRECTORS EMPLOYEES AND CONTRACTORS. 

  
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 (e) Each of the Parties shall, and shall cause its Affiliates, Representatives, contractors,
invitees and licensees to, comply with (i) all Laws applicable to their use or occupation of any Facility including those relating to environmental and workplace safety matters, (ii) the Party’s applicable site rules, regulations,
policies and procedures, and (iii) any applicable requirements of any third-party lease governing any Facility. The Parties shall not make, and shall cause their respective Affiliates and Representatives, contractors, invitees and licensees to
refrain from making, any material alterations or improvements to the Facilities except with the prior written approval of the other Party or its Affiliates, as applicable, which consent shall not be unreasonably withheld, conditioned or delayed. The
Parties shall provide heating, cooling, electricity and other utility services for the respective Facilities substantially consistent with levels provided immediately prior to the date hereof. 

(f) The rights granted pursuant to this Section 5.04 shall be in the nature of a license and shall not create a leasehold (or
right to grant a sublicense or sub-leasehold to any unaffiliated third party) or other estate or possessory rights in Baker Hughes or GE, or their respective Affiliates, Representatives, contractors, invitees or licensees, with respect to the
Facilities. 
 (g) To the extent included in the pricing methodology for such Facility or any applicable provision of the relevant lease, if
any, the owner or lessee of each Facility will be responsible for (i) payment of all property taxes and special assessments, (ii) payment of any taxes on rental income, and (iii) making any alterations or repairs required by any
insurer or required to comply with laws, codes and ordinances, including, without limitation, building codes, fire codes and accessibility laws, except only to the extent that such alterations or repairs are triggered by unrelated work being
performed by the Party to which the license to occupy is granted. 
 (h) The Parties intend that the use of the GE Facilities and the Baker
Hughes Facilities shall be governed by the terms of this Agreement for such period as determined pursuant to the Facilities timeline developed in accordance with Section 5.04(c), and any existing lease between any GE Entity and GE
O&G is hereby terminated and of no further force or effect. If continued use and access of a Facility is needed pursuant to such Facilities timeline significantly beyond twenty-four (24) months from the date of this Agreement, or earlier as
determined by the current lease expiration date of a leased Facility, the Parties shall enter into leases, with regard to owned Facilities or subleases, with regard to leased Facilities (to the extent permitted under the terms of any lease covering
the relevant GE-leased or Baker Hughes-leased Facility) or other arrangements as promptly as possible to grant GE or Baker Hughes, as applicable, the same access to the Facilities as GE or Baker Hughes, as applicable, was being provided immediately
prior to the twenty-four (24) month anniversary of this Agreement, in each case, on terms mutually agreed by the parties in accordance with the terms of any master lease (if any). This Agreement shall continue in effect with regard to any such
Facility beyond the initial twenty-four (24) months while GE and Baker Hughes are negotiating a lease, sublease or other arrangement concerning such Facility, pursuant to the Facilities plan agreed in accordance with
Section 5.04(c). Upon the entry into any such lease, sublease or other arrangement with respect 

  
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to a Facility, this Agreement, including any obligation to pay Facility Costs under this Agreement, shall terminate with respect to such Facility and all ongoing obligations of the tenant or
subtenant shall be as expressly provided under the terms of such lease, sublease or other arrangement. Each such Facility arrangement or related sublease shall constitute a GE Provided Facility Service or Baker Hughes Provided Facility Service, as
applicable, for purposes of this Agreement. 
 SECTION 5.05 Shared Manufacturing Arrangements; Financial Services. 

(a) With respect to a mutual determination by the Parties following the Closing Date to continue an arrangement for the production of any
equipment or component part on a manufacturing line that is shared by one or more GE Entities, on the one hand, and one or more Baker Hughes Entities, on the other hand, in each case set forth on Schedule 5.05(a) (each, a “Shared
Manufacturing Arrangement”), such Shared Manufacturing Arrangements shall continue in full force and effect, notwithstanding Section 6.02 or 7.14 of the Transaction Agreement, and the fees in respect of such Shared Manufacturing
Arrangements shall be calculated on the same basis and methodology as provided under the related Shared Manufacturing Arrangement, and each such Shared Manufacturing Arrangement shall constitute an Umbrella Service for purposes of this Agreement.

 (b) With respect to a mutual determination by the Parties following the Closing Date to continue an arrangement for accounts payable and
accounts receivable factoring programs between one or more GE Entities, on the one hand, and one or more Baker Hughes Entities, on the other hand, in each case set forth on Schedule 5.05(b) (each, a “Factoring Arrangement”),
such Factoring Arrangement shall continue in full force and effect, notwithstanding Section 6.02 or 7.04 of the Transaction Agreement, and the fees in respect of such Factoring Arrangements shall be calculated on the same basis and methodology
as provided under the related Factoring Arrangement, and each such Factoring Arrangement shall constitute an Umbrella Service for purposes of this Agreement. 

SECTION 5.06 Costs and Disbursements. 

(a) CA Services Costs. Except as otherwise provided in this Agreement, the CA Services shall be provided to the Recipient in
consideration for the payment of the Corporate Assessment. The Corporate Assessment shall be fixed at a price of $55 million for the first two (2) years from the Closing Date. Thereafter, the Corporate Assessment shall be subject to an annual
adjustment based upon changes in the Producer Price Index for the applicable assessment calculation period. For the avoidance of doubt, (i) the Corporate Assessment shall not include (and the Recipient shall be liable for) costs and expenses
incurred by the Recipient arising from its use of the services or the product thereof after the services are performed by the Provider to the same extent the Recipient had provided itself such service (e.g., the cost incurred by the Recipient to
maintain and transact out of a bank account, after the bank account is opened by the Provider on behalf of the Recipient) and any third-party costs that arise in connection with the provision of an Administrative Service to the extent the engagement
of such third-party is approved by Baker Hughes and is consistent with the past practice of GE in providing such Administrative Service during the Baseline Period and (ii) the Corporate Assessment shall be payable regardless of whether a PO is
made. 

  
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 (b) Umbrella Services Costs. Except as otherwise provided in this Agreement, a Recipient
of Umbrella Services shall pay to the Provider of such Umbrella Services a fee based on actual usage of each Umbrella Service by the Recipient and priced equal to the cost to the Provider of providing such Umbrella Service (calculated without markup
or margin) but, in any event, consistent with past practices (and, if applicable, as reflected in the GE O&G Financial Statements); provided that any GE Provided Umbrella Services listed under the category “Engineering Services”
under Schedule 2.01(b) will be provided at the applicable price set forth in Schedule 2.01(b) (each fee constituting an “Umbrella Service Charge” and, collectively, “Umbrella Service Charges”);
provided that if the Provider is required under applicable Law (including to avoid any applicable penalties) to charge any markup or margin in order to provide a Umbrella Service, a reasonably appropriate markup or margin shall be included
in, and increase, the relevant Umbrella Service Charge solely to the extent necessary to comply with applicable Law. In the event a Party reasonably changes the pricing methodology for a particular Service, the other Party agrees that the associated
Service Charge shall be adjusted consistent with the new methodology provided that such first Party is implementing the same change with respect to all of its businesses or divisions that utilize the Service. 

(c) R&D Services Costs. Subject to Section 3.01(e)(xiv), the Baker Hughes Entities shall pay the fees, costs and
expenses to GE Global Research for GE Provided R&D Services and the GE Entities shall pay the fees, costs and expenses to the Baker Hughes Entities for Baker Hughes Provided R&D Services (each individually, “R&D Fees”)
as set forth in each Statement of Work. The payment of R&D Fees shall not be contingent on the payer’s satisfaction as to the results of any R&D Services. Without limiting the generality of Section 3.01(e), (i) GE Provided
R&D Services shall be provided by GE Global Research at GE Global Research’s then-current then-effective rates that it generally charges to businesses of GE and its Affiliates, which may be adjusted from time to time consistent with past
practices and (ii) Baker Hughes Provided R&D Services shall be provided at the then-current, then-effective rates that are generally charged to Baker Hughes Entities or unincorporated business units thereof for such services, which may be
adjusted from time to time consistent with past practice. The Baker Hughes Entities and the GE Entities will bear all direct personnel costs (including salary, benefits, insurance, travel and lodging, etc.) associated with their own respective
personnel involved with work undertaken under this Agreement. 
 (d) Facility Costs. The Baker Hughes Entities shall pay the actual
costs and expenses to the GE Entities for GE Facilities and the GE Entities shall pay the actual costs and expenses to the Baker Hughes Entities for Baker Hughes Facilities (each individually, “Facility Costs”), consistent with the
pricing methodology as charged immediately prior to the Closing; provided that if the Provider is required under applicable Law (including to avoid any applicable penalties) to charge any markup or margin in order to provide a Service, a
reasonably appropriate markup or margin shall be included in, and increase, the relevant Facility Cost. Facility Costs shall be subject to annual increases consistent with actual increases in charges that (i) GE or Baker Hughes is applying to
other GE Entities or Baker Hughes Entities in the same facility or (ii) are being applied by GE or Baker Hughes to similar facilities across each of their businesses. 

(e) Collaboration Costs. Subject to Section 3.13(a)(vi), the Baker Hughes Entities and the GE Entities shall pay the fees,
costs and expenses owed by such parties under any applicable Collaboration Agreements (such fees, costs and expenses, “Collaboration Costs”), in each case in accordance with and subject to the terms of such Collaboration Agreements.

  
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 (f) Additional Baker Hughes Provided Services Costs. The Recipients of Additional Baker
Hughes Provided Services shall pay to the Provider of such Additional Baker Hughes Provided Services the fees agreed upon for such Additional Baker Hughes Provided Service in accordance with Section 2.06 (each fee constituting an
“Additional Service Fee” and, collectively, “Additional Service Fees”). 
 (g) Providers shall invoice
Recipients using the intercompany billing system of GE and its Affiliates (which shall continue to be settled through such intercompany billing system for so long as the intercompany billing system is made available under this Agreement). To the
extent there are any Additional Services for which no charging methodology has been identified, the Parties shall mutually agree on the applicable charges in advance. Providers shall invoice Recipients monthly in arrears, unless otherwise agreed in
writing between the GE Services Manager and the Baker Hughes Services Manager, for any Services provided by a Provider hereunder. All payments are due within thirty (30) calendar days of receipt of such invoices by wire transfer to the accounts
specified on Schedule 5.06(g). To the extent consistent with past practice with respect to Services rendered outside the United States, payments may be required to be made in local currency. If the payer fails to pay such amount by the
required date, the payer may be obligated to pay to the payee, in addition to the amount due, interest at an interest rate of 0.5% per month over the Interest Rate, compounded monthly, accruing from the date the payment was due through the date
of actual payment. As soon as practicable after receipt of any reasonable written request by the payer, the payee shall provide the payer with data and documentation supporting the calculation of a particular Service Charge for the purpose of
verifying the accuracy of such calculation. 
 SECTION 5.07 Readjustment of Services. Subject to the terms of this Agreement, in
the event that (i) Umbrella Service Charges in respect of an Umbrella Service are prepaid by either Party for any period following the Closing and (ii) subsequent to such prepayment by such Party, both Parties reach an agreement for
(x) the transfer to Baker Hughes of certain GE employees (whose primary function was, prior to such transfer, performance of services substantially equivalent to such prepaid Umbrella Service then received by Baker Hughes pursuant to this
Agreement), or (y) the planned scope of such prepaid Umbrella Service is reduced by GE or Baker Hughes, as applicable, due to a change in business requirements not reasonably foreseeable at the time such PO was initiated, subject to
Section 9.01(b), GE shall reimburse to Baker Hughes, or Baker Hughes shall reimburse to GE, as applicable, such portion of such prepayment equal to the pro-rated allocation of the Umbrella Service Charge for such Umbrella Service over
the remaining days of the prepayment period in accordance with the allocation methodology mutually agreed by the Parties or as set forth on Schedule 2.01(b) or Schedule 2.02(b). 

SECTION 5.08 No Right to Set-Off. The payer shall pay the full amount of Service Charges owed by it, and shall not set-off,
counterclaim or otherwise withhold any amount owed to the payee under this Agreement on account of any obligation owed by the payee to the payer that has not been finally adjudicated, settled or otherwise agreed upon by the Parties in writing. For
the avoidance of doubt, any amounts processed through the GE intercompany billing system as a net settlement shall not be deemed a set-off. 

  
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 SECTION 5.09 Taxes. 

(a) Sales Tax or Other Transfer Taxes. Service Charges are exclusive of, and payer shall bear and timely pay, any and all sales, use,
value-added, transfer and other similar Taxes (and any related interest and penalties) imposed on, or payable with respect to, any Service Charges payable by payer pursuant to this Agreement; provided that (i) to the extent such Taxes
are required to be collected and remitted by the payee with respect to such Service Charges, the payer shall pay such Taxes to the payee upon receipt of an invoice from the payee, and (ii) for the avoidance of doubt, such Service Charges shall
be inclusive of, and the payer shall not bear, any income and similar Taxes imposed on or payable by the payee. 
 (b) Withholding Tax or
Other Similar Taxes. If any withholding or deduction from any payment under this Agreement by a payer in relation to any Service is required in respect of any Taxes pursuant to any applicable Law, payer will: (i) make any such required
withholding or deduction from the amount payable to payee, (ii) timely pay the withheld or deducted amount referred to in clause (i) to the relevant Governmental Authority in accordance with applicable Law; (iii) promptly forward to
payee a withholding tax certificate evidencing such payment by the payer to the Governmental Authority, and (iv) to the extent that the payee cannot, after exerting its reasonable best efforts, obtain a credit for, or a refund of, the
withholding or deduction, the payer will increase the amount payable such that payee receives an amount equal to the amount of the Service Charges in respect of that Service as if no such withholding or deduction had been made (including any
withholding or deduction applicable to any increased payment made pursuant to this clause (iv)); provided, that if the payee subsequently receives such a credit for, or a refund of, the withholding or deduction, then the payee shall promptly
remit to the payer any additional amount previously paid by the payer pursuant to clause (iv). 
 (c) Cooperation. The Parties will
take reasonable steps to cooperate to (i) minimize the imposition of, and the amount of, Taxes described in this Section 5.09, and (ii) obtain a credit for, or a refund of, any withholding or deduction made pursuant to
Section 5.09(b). 
 (d) Tax Planning or Tax Advisory Services. Notwithstanding anything to the contrary contained in this
Agreement, without limiting Section 6.05, no Services provided under this Agreement shall include or be deemed to be, or relied upon by a Party or any of its Affiliates as, tax or accounting advice, the Parties and their Affiliates shall
assume all risks and liability arising from or relating to the use of and reliance upon such services and the Parties make no representations or warranties with respect to such tax planning or tax or accounting advisory services. 

  
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 ARTICLE VI 

STANDARD FOR SERVICE 
 SECTION 6.01
Standard for Service. 
 (a) Provided that the applicable GE Entities are not restricted by Law, GE agrees that the GE Entities will
provide the GE Provided Services to the applicable Baker Hughes Entity in accordance with all requirements, regulations, codes, standards, specifications and other requirements agreed between the applicable Baker Hughes Entities and GE Entities, and
with the same standard of care, skill and diligence with which, and at the same service levels (for the avoidance of doubt, without limiting the GE’s ability to realize productivity and technological efficiencies so long as such performance is
maintained) at which, they have performed such services for GE O&G during the Baseline Period, and, if such service was not previously provided for GE O&G, for their Affiliates with respect to the same service. 

(b) Provided that the applicable Baker Hughes Entities are not restricted by Law, Baker Hughes agrees that the Baker Hughes Entities will
provide the Baker Hughes Provided Services to the applicable GE Entities in accordance with all requirements, regulations, codes, standards, specifications and other requirements agreed between the applicable Baker Hughes Entities and GE Entities,
and with the same standard of care, skill and diligence with which, and at the same service levels (for the avoidance of doubt, without limiting the applicable Baker Hughes Entity’s ability to realize productivity and technological efficiencies
so long as such performance is maintained) at which, they have performed such services for GE during the Baseline Period and, if such service was not previously provided for GE, for their subsidiaries or unincorporated business units thereof with
respect to the same service. 
 (c) GE Global Research shall provide GE Provided R&D Services to the R&D Services Recipients under
any GE Statements of Work in a manner consistent with the research and development services provided by GE Global Research to GE O&G for similar work during the Baseline Period. 

(d) In the event there is any restriction on the Provider by Law that would restrict the nature, quality, or standard of care applicable to
delivery of the Services to be provided, the Provider shall use its reasonable efforts in good faith to provide such Services in a manner as closely as possible to the standards described in this Section 6.01. 

SECTION 6.02 Consents; Compliance with Law; Professional Services. If the provision of any Service requires the consent or
approval of any third party, the Provider shall be solely responsible for obtaining such consent or approval; provided that the Recipient shall provide commercially reasonable support, as requested by the Provider, in obtaining such consent
or approval. In the event such consent or approval cannot be obtained, GE and Baker Hughes agree to negotiate in good faith an acceptable substitute Service that shall be subject to the terms and conditions of this Agreement. Neither a Party nor its
Affiliates shall be obligated to provide any Services which, if provided, would violate any Law. The provision of any legal services shall be subject to the consideration of the maintenance of attorney-client privilege for both GE and Baker Hughes
and any potential conflicts of interest. Each of GE and Baker 

  
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Hughes agrees to execute customary engagement letters, joint defense or common interest agreements in the event either party deems such agreement necessary; provided that the failure to do
so shall not be deemed a waiver of privilege nor shall it be considered a failure to provide a Service. 
 SECTION 6.03
Maintenance. Either Party and its Affiliates shall have the right to shut down temporarily for maintenance purposes the operation of any facilities or systems providing any Service whenever in such Party’s judgment, reasonably exercised,
such action is necessary or advisable for general maintenance or emergency purposes; provided that (i) to the extent practicable such Party shall provide advance written notice of any such shut down or other interruption reasonably far
in advance and cooperate in good faith to minimize any disruption to the Service or the other Party’s business and (ii) the other Party shall not be charged for such Service to the extent that it is not provided during such shutdown. 

SECTION 6.04 Modifications and Discontinuances. 

(a) The GE Provided Services are not exclusive and are part of corporate programs that GE provides to its business divisions. It is understood
that GE may modify a GE Provided Service to the extent the same modification is made with respect to the entirety of GE’s provision of such GE Provided Service to any GE Entity and any other Person to whom any GE Entities provide such GE
Provided Service; provided, however, that, in such event, (a) GE must provide notice of the modification to Baker Hughes as soon as reasonably practicable, (b) GE shall cooperate in good faith with Baker Hughes to minimize
the disruption to Baker Hughes’s business and (c) the Parties shall discuss in good faith whether the applicable Service Charge shall be adjusted to reflect any such modification. Baker Hughes may modify a Baker Hughes Provided Service;
provided, however, that, in such event, (i) Baker Hughes must provide notice of the modification to GE as soon as reasonably practicable, (ii) Baker Hughes shall cooperate in good faith with GE to minimize the disruption to
GE’s business and (iii) the Parties shall discuss in good faith whether the applicable Service Charge shall be adjusted to reflect any such modification. GE’s and Baker Hughes’s responsibilities set forth herein shall be amended
as reasonably necessary to conform to any such modifications made pursuant to this Section 6.04, and GE and Baker Hughes, as applicable, shall use its reasonable efforts in good faith to comply with any such amendments. Subject to the terms
in this Agreement, in providing the Services, GE or Baker Hughes, as applicable, may use any information systems, hardware, Software, processes and procedures it deems necessary or desirable in its reasonable discretion. Modifications to Statements
of Work shall be provided for under Article III. 
 (b) To the extent that either GE or Baker Hughes generally reduces or
discontinues a service (which shall not include GE Provided Technology Access, Baker Hughes Provided Technology Access, GE Provided R&D Services or Baker Hughes Provided R&D Services), (i) the reducing or discontinuing Party will
provide the other with notice as soon as reasonably practicable and (ii) the Parties shall discuss in good faith a reasonable time period for transition to avoid business disruption. 

SECTION 6.05 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN SECTION 6.01 AND SUBJECT TO THE LIMITATIONS IN
ARTICLE VII, THE PARTIES ACKNOWLEDGE AND AGREE THAT THE SERVICES ARE PROVIDED AS-IS, 

  
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THAT THE RECIPIENTS ASSUME ALL RISKS AND LIABILITY ARISING FROM OR RELATING TO THEIR USE OF AND RELIANCE UPON THE SERVICES AND EACH PROVIDER MAKES NO REPRESENTATION OR WARRANTY WITH RESPECT
THERETO. EXCEPT AS EXPRESSLY SET FORTH IN SECTION 6.01, PROVIDERS HEREBY EXPRESSLY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES REGARDING THE SERVICES, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY REPRESENTATION OR WARRANTY IN REGARD TO QUALITY,
PERFORMANCE, COMMERCIAL UTILITY, MERCHANTABILITY OR FITNESS OF THE INTERCOMPANY SERVICES FOR A PARTICULAR PURPOSE AND RECIPIENTS HEREBY ACKNOWLEDGE SUCH DISCLAIMER. 

SECTION 6.06 Compliance with Laws and Regulations. Each Party hereto shall be responsible for its own compliance with any and all
Laws applicable to its performance under this Agreement. No Party will take any action in violation of any such applicable Law that would reasonably be likely to result in liability being imposed on the other Party. 

SECTION 6.07 No Reporting Obligations. Notwithstanding anything to the contrary contained in this Agreement or in any Schedule
hereto and except as required by Law, no Party hereto nor any of their respective Affiliates, nor any of their respective Representatives, shall be obligated, pursuant to this Agreement or any Schedule hereto, as part of or in connection with the
Services, as a result of storing or maintaining any data referred to herein or in any Schedule hereto, or otherwise, to prepare or deliver any notification or report to any Governmental Authority (including any Taxing Authority) or other Person on
behalf of the other Party or any of its Affiliates, or any of their respective Representatives or the Business. 
 ARTICLE VII 

LIMITED LIABILITY AND INDEMNIFICATION 

SECTION 7.01 General Indemnification. Nothing contained in this Agreement shall protect or be deemed to protect the Indemnified
Parties against or entitle or be deemed to entitle the Indemnified Parties to indemnification in respect of, any liability to such other Party or its security holders to which the Indemnified Parties would otherwise be subject by reason of willful
misfeasance, bad faith or gross negligence in the performance of the Indemnified Parties’ duties or by reason of the reckless disregard of the Indemnified Parties’ duties and obligations under this Agreement. Notwithstanding the foregoing,
solely with respect to TSA Services, each Party and its Affiliates shall be liable to fully indemnify, defend and hold harmless the other Party and its Affiliates, its and their respective Representatives, successors and assigns, each of whom shall
be deemed a third-party beneficiary hereof, for such first Party’s material breach with respect to the rights and obligations in this Agreement in respect of such TSA Services, gross negligence, willful misconduct or in the event of any claim
from a third party that the provision of the TSA Services by such first Party under this Agreement infringes, misappropriates or otherwise violates any of such third-party’s Intellectual Property rights. 

  
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 SECTION 7.02 Exclusion of Consequential Damages. Notwithstanding any other provision
contained in this Agreement, no Party, nor its Affiliates, nor its or their respective Representatives, successors or assigns, shall be liable to the other Party or their Affiliates and their Representatives, successors or assigns, for any
incidental, punitive, special, indirect, multiple or consequential damages connected with or resulting from performance or non-performance of this Agreement; provided, that any such damages paid with respect to a third-party claim shall be
considered direct damages. 
 SECTION 7.03 Exclusive Remedy. The Parties acknowledge and agree that their sole and exclusive
remedy with respect to any and all claims for the TSA Services (other than claims arising from willful misfeasance, bad faith or gross negligence on the part of a Party hereto in the performance of such Party’s duties in respect of the TSA
Services) for any breach of any agreement or obligation set forth herein or otherwise relating to the TSA Services, shall be pursuant to the indemnification provisions set forth in this Article VII. 

ARTICLE VIII 
 DISPUTE
RESOLUTION 
 SECTION 8.01 Dispute Resolution. 

(a) Any dispute arising out of or in connection with this Agreement between GE and Baker Hughes should be resolved as rapidly as possible by
discussion between the GE Services Manager and the Baker Hughes Services Manager. If a dispute cannot be resolved between the GE Services Manager and the Baker Hughes Services Manager within four (4) weeks of the dispute arising, the GE
Services Manager and the Baker Hughes Services Manager should escalate the dispute to the appropriate senior officer reporting directly to the Chief Executive Officer of Baker Hughes and the appropriate senior officer reporting directly to the Chief
Executive Officer of GE to negotiate in good faith for an additional twenty (20) days (or such longer period as the Parties may agree). If at the end of such time such Persons are unable to resolve such dispute amicably, then such dispute shall
be resolved in accordance with the dispute resolution process referred to in Section 8.01(b), provided that such dispute resolution process shall not modify or add to the remedies available to the Parties under this Agreement.

 (b) If the Parties are unable to resolve a dispute in accordance with Section 8.01(a), then either Party to the dispute may within
fifteen (15) days thereafter submit such dispute for non-binding mediation administered by the American Arbitration Association (“AAA”) in accordance with its Commercial Arbitration Rules and Mediation Procedures then in
effect. The mediation will be conducted by a single mediator selected by the mutual written agreement of the Parties to the dispute. The Parties to the dispute will cooperate in good faith with the AAA and with one another in selecting the mediator,
and in scheduling the mediation. Such Parties agree that they will participate in the mediation in good faith, and that they will share equally in the costs of utilizing the AAA and the mediator. The place of mediation will be New York, New York. If
the dispute has not been resolved pursuant to such mediation procedure within thirty (30) days of the initiation of such procedure, except where such time has been extended by the mutual written agreement of the Parties to the dispute, then the
controversy will be submitted to the AAA for binding arbitration in accordance with its Commercial Arbitration Rules and Mediation Procedures then in effect. The arbitration will be conducted by a single arbitrator selected by the mutual written
agreement of the Parties to the dispute. The 

  
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Parties to the dispute will cooperate in good faith with the AAA and with one another in selecting the arbitrator, and in scheduling the arbitration. Should the Parties be unable to come to
agreement as to the arbitrator, the Parties shall request AAA to appoint an arbitrator. Such Parties further agree that they will participate in the arbitration in good faith, and that they will share equally in the costs of utilizing the AAA and
the arbitrator. The arbitration will be governed by the United States Arbitration Act, 9 U.S.C. Sections 1-16, and judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The place of arbitration
will be New York, New York. Unless otherwise agreed by such Parties, the mediator will be disqualified from serving as the arbitrator in the dispute. 

ARTICLE IX 
 TERM AND
TERMINATION 
 SECTION 9.01 Term and Termination. 

(a) This Agreement shall commence immediately upon its execution on the Closing Date and shall terminate (i) ninety (90) days
following the Trigger Date with respect to all services under this Agreement other than GE Provided Technology Access and Baker Hughes Provided Technology Access and (ii) upon the Trigger Date with respect to GE Provided Technology Access and
Baker Hughes Provided Technology Access (the “Term”). 
 (b) (i) Without prejudice to a Recipient’s rights with
respect to a Force Majeure, a Recipient may from time to time terminate this Agreement (x) with respect to the CA Services, in whole but not in part and (y) with respect to any Umbrella Services, in whole (by Service line item) or by any
portion: (A) for any reason or no reason upon providing, in the case of the CA Services, at least 60 days’ prior written notice, and, in the case of the Umbrella Services, either (i) seven and a half (7.5) months’ prior
written notice or (ii) for those Umbrella Services designated as such on Schedule 2.01(b) or Schedule 2.02(b), sixty (60) days’ prior written notice, to the Provider of such termination; (B) if the Provider of such
Services has failed to perform any of its material obligations under this Agreement with respect to such Services, and such failure shall continue to exist forty-five (45) days after receipt by the Provider of written notice of such failure
from the Recipient; or (C) immediately upon mutual agreement of the Parties; and (ii) a Provider may terminate this Agreement with respect to one (1) or more Services, in whole but not in part, at any time upon prior written notice to
the Recipient if the Recipient has failed to perform any of its material obligations under this Agreement relating to such Services, and such failure shall be continued uncured for a period of forty-five (45) days after receipt by the Recipient
of a written notice of such failure from the Provider. The relevant Schedule shall be updated to reflect any terminated Service. In the event that any Service is terminated other than at the end of a month, the Service Charge associated with such
Service shall be pro-rated appropriately. 
 SECTION 9.02 Termination Charges. Upon termination or reduction of any Service
pursuant to Section 9.01(b)(i)(A) or Section 9.01(b)(ii), prior to the termination or reduction of such Service (in the case of a termination or reduction pursuant to Section 9.01(b)(ii)) or prior to the required
notification period in Section 9.01(b)(i)(A) (in the case of a termination or reduction pursuant to Section 9.01(b)(i)(A)), the Parties shall determine and mutually agree upon any applicable Termination Charges to be
invoiced. 

  
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 SECTION 9.03 Effect of Termination. Upon termination of any Service, whether in whole
or in part, pursuant to this Agreement, the Provider of the terminated Service will have no further obligation to provide such Service and the relevant Recipient will have no obligation to pay any future Service Charges relating to such Service;
provided that the Recipient shall remain obligated to the relevant Provider for the (i) Service Charges and any other fees, costs and expenses owed and payable in respect of Services provided prior to the effective date of termination
and (ii) Termination Charges. In connection with termination of any Service, the provisions of this Agreement not relating solely to such terminated Service shall survive any such termination, and in connection with a termination of this
Agreement, Article I, Article VII (with respect to the limitations set forth therein and including liability in respect of any indemnifiable Losses under this Agreement arising or occurring on or prior to the date of termination),
Article VIII, Article IX, Article X, all confidentiality obligations under this Agreement and liability for all due and unpaid Service Charges and Termination Charges shall continue to survive indefinitely. 

SECTION 9.04 Force Majeure. 

(a) No Party hereto (or any Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation
(other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. Each Party (or such
Person) shall exercise its reasonable efforts in good faith to minimize the effect of Force Majeure on its obligations, and the standard of care that a Party shall provide in delivering a Service after a Force Majeure shall be substantially the same
as the standard of care that the Party provides to its Affiliates and its other business components with respect to such Service. 
 (b)
During the period of a Force Majeure, the applicable Recipient shall be entitled to seek an alternative service provider with respect to such Service, and shall be entitled to permanently terminate the same (and shall be relieved of the obligation
to pay Service Charges for such Service throughout the duration of such Force Majeure) if a Force Majeure shall continue to exist for more than fifteen (15) consecutive days, it being understood that such Recipient shall not be required to
provide any advanced notice of such termination to the Provider. 
 ARTICLE X 

GENERAL PROVISIONS 

SECTION 10.01 Independent Contractors. This Agreement does not create a fiduciary relationship, partnership, joint venture or
relationship of trust or agency between the Parties or their Affiliates and that all Services are provided by a Provider, its Affiliates and their designees in each case, as an independent contractor. In matters relating to this Agreement, each
Party will be solely responsible for the acts of its employees and agents and such employees or agents will not be considered employees or agents of any other Party, nor will they be required to 

  
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report to management of any other Party or be deemed to be under the management or direction of any other Party. No Party will have any right, power or authority to create any obligation, express
or implied, on behalf of any other Party except to the extent expressly provided herein. 
 SECTION 10.02 Subcontractors.
Subject to Section 3.04, a Provider may hire or engage one or more subcontractors to perform any or all of its obligations under this Agreement; provided that (a) such Provider shall use the same degree of care in selecting
any such subcontractor as it would if such contractor was being retained to provide similar services to the Provider; and (b) such Provider shall in all cases remain primarily responsible for all of its obligations hereunder with respect to the
scope of the Services, the standard for the Services as set forth in Article VII hereof and the content of the Services provided to the Recipient. 

SECTION 10.03 Treatment of Confidential Information. 

(a) The Parties shall not, and shall cause all other Persons providing Services or having access to confidential and proprietary information
of the other Party (“Confidential Information”) not to, disclose to any other Person or use, except for purposes of this Agreement, any Confidential Information of the other Party; provided, however, that Confidential
Information shall not include information (i) previously known by such Person on a non-confidential basis prior to its disclosure; (ii) subsequently made public other than as a result of a disclosure in breach of this Agreement; or
(iii) independently developed by such Person (without reference to the Confidential Information and without using knowledge gained from GE and GE O&G’s previous affiliation prior to Closing); and provided, further, that
each Party may disclose Confidential Information of the other Party, to the extent permitted by applicable Law: (i) in the case of GE’s Corporate Audit Staff or Technical Accounting Group, to GE’s audit committee after giving Baker
Hughes written notice of such disclosure five (5) Business Day in advance of such disclosure; (ii) to its Representatives and Affiliates on a need-to-know basis in connection with the performance of such Party’s obligations under this
Agreement; (iii) in any report, statement, testimony, authorization or approval request, notice, filing or other submission to any Governmental Authority having jurisdiction over the disclosing Party; or (iv) in order to comply with
applicable Law, or in response to any summons, subpoena or other legal process or formal or informal investigative demand issued to the disclosing Party in the course of any litigation, investigation or administrative proceeding. In the event that a
Party becomes legally compelled (based on advice of counsel) by Law, deposition, interrogatory, request for documents subpoena, civil investigative demand or similar judicial or administrative process to disclose any Confidential Information of the
other Party, such disclosing Party shall provide the other Party with prompt prior written notice of such requirement, and, to the extent reasonably practicable, cooperate with the other Party (at such other Party’s expense) to obtain a
protective order or similar remedy to cause such Confidential Information not to be disclosed, including interposing all available objections thereto, such as objections based on settlement privilege. In the event that such protective order or other
similar remedy is not obtained, the disclosing Party may furnish only that portion of the Confidential Information that has been legally compelled, and shall exercise its reasonable efforts in good faith (at such other Party’s expense) to
obtain assurance that confidential treatment will be accorded such Confidential Information. 
 (b) Each Party shall, and shall cause its
Representatives to protect the Confidential Information of the other Party by using the same degree of care to prevent the unauthorized disclosure of such as the Party uses to protect its own confidential information of a like nature, and in no
event less than commercially reasonable care. 

  
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 (c) Each Party shall direct its Representatives to comply with the same restrictions on use and
disclosure of Confidential Information as bind such Party in advance of the disclosure of any such Confidential Information to such Representatives. Each Party shall be responsible for any failure by its Representatives to comply with the
restrictions on use and disclosure of Confidential Information contained herein. 
 (d) Each Party shall comply with all applicable state,
federal and foreign privacy and data protection Laws that are or that may in the future be applicable to the provision of Services. 
 (e)
With respect to the provision of GE Provided Technology Access and GE Provided R&D Services pursuant to Section 2.01, only those employees of Baker Hughes who need to know such information and who otherwise meet any applicable
citizenship or other security qualifications required by Law shall be granted access and, prior to being granted access, will be advised of the confidential nature of the Intellectual Property made available to Baker Hughes and directed to abide by
the terms of this Agreement and further, if requested in writing by GE, shall enter into a non-disclosure agreement acknowledging the same provided that in any case, Baker Hughes shall be responsible for any breach of this Agreement by such of its
employees. 
 (f) With respect to the provision of Baker Hughes Provided Technology Access and Baker Hughes Provided R&D Services
pursuant to Section 2.02, only those employees of GE who need to know such information and who otherwise meet any applicable citizenship or other security qualifications required by Law shall be granted access and, prior to being granted
access, will be advised of the confidential nature of the Intellectual Property made available to GE and directed to abide by the terms of this Agreement and further, if requested in writing by Baker Hughes, shall enter into a non-disclosure
agreement acknowledging the same provided that in any case, GE shall be responsible for any breach of this Agreement by such of its employees. 

SECTION 10.04 Audit. Not more than once each calendar year during the term of this Agreement, upon thirty (30) days’
advance written notice, either Party may audit (or cause an independent third-party auditor to audit), during regular business hours and in a manner that complies with the building and security requirements of the Party being audited, the books,
records and facilities of the other Party pertaining solely to the provision of Services to the extent necessary to determine such Party’s compliance with this Agreement. Any audit conducted under this Section 10.04 shall not interfere
unreasonably with the operations of such Party. The Party requesting the audit shall pay the costs of conducting such audit. All information learned or obtained from such audit shall be deemed Confidential Information for purposes of this Agreement,
and may only be disclosed pursuant to Section 10.03. 
 SECTION 10.05 Further Assurances. Each Party covenants and agrees
that, without any additional consideration, it shall execute and deliver any further legal instruments and perform any acts that are or may become necessary to effectuate this Agreement. 

  
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 SECTION 10.06 Notices. Except with respect to routine communications by the GE
Services Manager and the Baker Hughes Services Manager under Section 4.01, all notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and, in the case of delivery in person or by
overnight mail, shall be deemed to have been duly given upon receipt) by delivery in person or overnight mail to the respective Parties, delivery by facsimile transmission (providing confirmation of transmission) to the respective Parties or
delivery by electronic mail transmission (providing confirmation of transmission) to the respective Parties. Any notice sent by facsimile transmission or electronic mail transmission shall be deemed to have been given and received at the time of
confirmation of transmission. Any notice sent by electronic mail transmission shall be followed reasonably promptly with a copy delivered by overnight mail. All notices, requests, claims, demands and other communications hereunder shall be addressed
as follows, or to such other address, facsimile number or email address for a Party as shall be specified in a notice given in accordance with this Section 10.06. 

(a) If to GE: 
 General Electric
Company 
 33-41 Farnsworth Street 

Boston, Massachusetts 02210 

Attention: James M. Waterbury 

Telephone: (617) 443-3030 

Facsimile: +44 207302 6834 

Email: jim.waterbury@ge.com 

(b) If to Baker Hughes: 

Baker Hughes, a GE company, LLC 

17201 Aldine Westfield Road 

Houston, Texas 77073 
 Attention:
William D. Marsh 
 Telephone: (713) 879-1257 

Facsimile: (713) 439-8472 

Email: will.marsh@bhge.com 

SECTION 10.07 Entire Agreement. Except as otherwise expressly provided in this Agreement, this Agreement constitutes the entire
agreement of the Parties hereto with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the Parties hereto with respect to the subject matter of this
Agreement. 
 SECTION 10.08 No Third-Party Beneficiaries. Except as provided in Article VIII with respect to Indemnified
Parties, this Agreement is for the sole benefit of the Parties and their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person, including any union or any employee or
former employee of any Party or its Affiliates, or entity any legal or equitable right, benefit or remedy of any nature whatsoever, including any rights of employment for any specified period, under or by reason of this Agreement. 

  
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 SECTION 10.09 Amendment; Waiver. No provision of this Agreement, including any
Schedules hereto, may be amended, supplemented, waived or modified except by a written instrument making specific reference hereto signed by all the Parties. No waiver of any breach of or non-compliance with this Agreement shall be deemed to be a
waiver of any other or subsequent breach or non-compliance. No consent from any Indemnified Parties (in each case other than the Parties) shall be required to amend this Agreement. 

SECTION 10.10 Governing Law. This Agreement and any disputes (whether for breach of contract, tortious conduct or otherwise and
whether predicated on common law, statute or otherwise) shall in all respects be governed by, and construed in accordance with, the Laws of the State of New York, including all matters of construction, validity and performance, in each case without
reference to any conflict of Law rules that might lead to the application of the Laws of any other jurisdiction. 
 SECTION 10.11
Counterparts; Electronic Transmission of Signatures. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, and delivered by means of electronic mail transmission or otherwise,
each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. 

SECTION 10.12 Assignment. This Agreement and all of the provisions hereto shall be binding upon and inure to the benefit of, and
be enforceable by, the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations set forth herein shall be assigned by any party hereto without the prior written
consent of the other parties hereto and any purported assignment without such consent shall be void; provided, however, GE or Baker Hughes may assign any or all of its rights and obligations under this Agreement to receive certain
Umbrella Services (as may be mutually agreed to by GE and Baker Hughes, but in no event shall include legal, accounting, financial or tax advice services or other services that are not customary for the transition of a business to an unrelated third
party) in connection with a sale or disposition of any assets or lines of business of GE or Baker Hughes; provided that (a) such right to receive such Umbrella Services is for a limited period of time not to exceed twelve
(12) months and solely in order to transition the business being divested, and (b) the transferee of such assets shall enter into an agreement with price adjustments and terms and conditions customary for the provision of such services to
an unrelated third party in order to transition a divested business. 
 SECTION 10.13 Rules of Construction. Interpretation of
this Agreement shall be governed by the following rules of construction: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires;
(b) references to the terms Article, Section, paragraph and Schedule are references to the Articles, Sections, paragraphs and Schedules of this Agreement unless otherwise specified; (c) the terms “hereof”, “herein”,
“hereby”, “hereto”, and derivative or similar words refer to this entire Agreement, including the Schedules hereto; (d) references to “$” means U.S. dollars; (e) the word “including” and words of
similar import when used in this 

  
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Agreement means “including without limitation,” unless otherwise specified; (f) the word “or” shall not be exclusive; (g) references to “written” or
“in writing” include in electronic form; (h) provisions shall apply, when appropriate, to successive events and transactions; (i) the headings contained in this Agreement are for reference purposes only and shall not affect in
any way the meaning or interpretation of this Agreement; (j) GE and Baker Hughes have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question of interpretation should arise, this Agreement shall be
construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or burdening either Party by virtue of the authorship of any of the provisions in any of this Agreement; (k) a reference to any Person
includes such Person’s successors and permitted assigns; (l) any reference to “days” means calendar days unless Business Days are expressly specified; and (m) when calculating the period of time before which, within which or
following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded, if the last day of such period is not a Business Day, the period shall end on the next
succeeding Business Day. 
 SECTION 10.14 Non-Recourse. No past, present or future director, officer, employee, incorporator,
member, partner, stockholder, Affiliate, agent, attorney or representative of GE or Baker Hughes shall have any liability for any obligations or liabilities of such party under this Agreement of or for any claim based on, in respect of, or by reason
of, the transactions contemplated hereby. 
 SECTION 10.15 Export Law Compliance. Each Party shall be responsible for their
compliance with applicable United States (or other jurisdictions as applicable) export laws, rules and regulations as related to their performance under this Agreement. 

SECTION 10.16 Integrity. Each Party covenants that it is committed to unyielding integrity and will act in a manner consistent
with the GE Integrity Guide for Suppliers, Contractors and Consultants, a copy of which is available in several languages at the following link: http://www.gesupplier.com/html/SuppliersIntegrityGuide.htm and the Baker Hughes Suppliers’
Code of Conduct, as may be amended or substituted from time to time. 
 SECTION 10.17 Subcontractor Flow Downs for United States
Government Commercial Items Contracts. If the Services being procured by either Party are in support of a United States government end customer or an end customer funded in whole or part by the United States government, directly or through a
prime contractor, such Party shall expressly identify such use of any Service in the PO and as necessary will agree to include compliance as necessary with the terms and conditions applicable to services procured for the United States government
located at the following link: http://www.gesupplier.com/html/GEPolicies.htm. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date first
written above by their respective duly authorized officers. 
  

			
	GENERAL ELECTRIC COMPANY
		
	By:	 	/s/ James M. Waterbury
	Name:	 	James M. Waterbury
	Title:	 	Vice President

 [Signature Page to the Intercompany Services Agreement] 

 
			
	BAKER HUGHES, A GE COMPANY, LLC
		
	By:	 	/s/ Lee Whitley
	Name:	 	Lee Whitley
	Title:	 	Corporate Secretary

 [Signature Page to the Intercompany Services Agreement]

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