Document:

Exhibit 10.2

 

 

 

 

 

 

 

 

 

 

SUPPLY
AND TECHNOLOGY DEVELOPMENT AGREEMENT

 

dated
as of November 13, 2018

 

by and
among

 

GENERAL
ELECTRIC COMPANY, acting through its GE Aviation business unit,

 

GENERAL
ELECTRIC COMPANY, acting through its GE Power business unit

 

and

 

BAKER
HUGHES, A GE COMPANY, LLC

 

 

 

 

 

 

 

 

 

 

 

    

    

    

 

TABLE
OF CONTENTS

 

Page

 

	ARTICLE 1	DEFINITIONS	3
	Section 1.01.	Certain Defined Terms	3
	 	 	 
	ARTICLE 2	EFFECTIVENESS; PURPOSE AND SCOPE	17
	Section 2.01.	Effectiveness	17
	Section 2.02.	Purpose	17
	Section 2.03.	Supply Program	17
	Section 2.04.	Development Program	18
	 	 	 
	ARTICLE 3	PROGRAM MANAGEMENT; AERO-DERIVATIVE PRODUCT COMPETITIVENESS COMMITTEE	18
	Section 3.01.	Program Management and Operations	18
	Section 3.02.	Committees	19
	Section 3.03.	Agreement Implementation	24
	 	 	 
	ARTICLE 4	TERM AND TERMINATION	26
	Section 4.01.	Term	26
	Section 4.02.	Termination Events	26
	Section 4.03.	LM Product Line Termination Upon Production Cessation	28
	Section 4.04.	Effects of Expiration or Termination	28
	Section 4.05.	Survival	29
	 	 	 
	ARTICLE 5	EXCLUSIVITY	30
	Section 5.01.	ADGTJV Exclusive Purchasing Commitment	30
	Section 5.02.	GE Aviation Exclusive Supplying Commitment	30
	Section 5.03.	Rights Regarding New Engines	30
	Section 5.04.	Termination of ADGTJV Exclusive Purchasing Commitment	31
	Section 5.05.	Termination of GE Aviation Exclusive Supply Commitment	31
	Section 5.06.	Change of Control of ADGTJV	33
	 	 	 
	ARTICLE 6	DEVELOPMENT PROGRAMS AND INTELLECTUAL PROPERTY	34
	Section 6.01.	Development Programs	34
	Section 6.02.	Background IP	35
	Section 6.03.	Foreground IP	37
	Section 6.04.	Technology Deliverables	40
	Section 6.05.	Access to Engineering Tools	42
	Section 6.06.	Third Party Licenses	46
	Section 6.07.	Section 365(n) of the Bankruptcy Code	46

 

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	Section 6.08.	Customers	46
	Section 6.09.	Reservation of Rights	47
	Section 6.10.	Further Assurances	47
	Section 6.11.	Access	47
	Section 6.12.	Further Assistance	47
	Section 6.13.	Prosecution and Maintenance	47
	Section 6.14.	Third Party Infringements, Misappropriations and Violations	48
	Section 6.15.	Abandonment of Foreground IP	48
	Section 6.16.	Cooperation Regarding Restrictions and Limitations Applicable to Licensed Intellectual Property	49
	Section 6.17.	Embedded Software License	49
	Section 6.18.	IP Indemnification	50
	Section 6.19.	Use of Trademarks	51
	 	 	 
	ARTICLE 7	PROVISION OF LM PRODUCTS, SPARE PARTS AND SERVICES	51
	Section 7.01.	Purchase Orders	51
	Section 7.02.	Terms and Conditions of Purchase	53
	Section 7.03.	Pricing – LM Products, Spare Parts and Aftermarket Services	56
	Section 7.04.	Pricing – Engineering Services	58
	Section 7.05.	Lump Sum Payment	59
	Section 7.06.	Other Pricing and Costs	59
	Section 7.07.	Payment Terms; Taxes; and Audit	60
	Section 7.08.	Revenue Share Participant Management	62
	Section 7.09.	Introduction and Substantiation of New Repairs and Spare Parts	62
	Section 7.10.	Execution of Repairs	65
	Section 7.11.	Separation of LM Product Lines	67
	 	 	 
	ARTICLE 8	ALLOCATION OF LIABILITY	68
	Section 8.01.	Limitation of Liability	68
	Section 8.02.	Disclaimer of Representations and Warranties	69
	Section 8.03.	Warranties	70
	Section 8.04.	Insurance	74
	 	 	 
	ARTICLE 9	GENERAL PROVISIONS	74
	Section 9.01.	Representations and Warranties	74
	Section 9.02.	Notices	75
	Section 9.03.	Entire Agreement, Waiver and Modification	76
	Section 9.04.	No Third-Party Beneficiaries	76
	Section 9.05.	Compliance with Laws and Regulations	76
	Section 9.06.	Governing Law	77

 

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	Section 9.07.	Dispute Resolution	77
	Section 9.08.	Confidentiality	79
	Section 9.09.	Counterparts; Electronic Transmission of Signatures	81
	Section 9.10.	Assignment	81
	Section 9.11.	Rules of Construction	81
	Section 9.12.	Non-Recourse	81
	Section 9.13.	Subcontractor Flow Downs for United States Government Commercial Items Contracts	82
	Section 9.14.	Independent Contractors	82
	Section 9.15.	Force Majeure	82
	Section 9.16.	Press Release and Public Statements	82
	Section 9.17.	ADGTJV Dissolution	82

  

 

SCHEDULES

 

	SCHEDULE 1	Form of Joinder Agreement
	SCHEDULE 2	Margin Percentages
	SCHEDULE 3	GE Aviation Supplemental Terms
	SCHEDULE 4	End User Confidentiality Acknowledgment
	SCHEDULE 5	Lump Sum Payment
	SCHEDULE 6	Technology Development Program Plan
	SCHEDULE 7	Engineering Services
	SCHEDULE 8	GEA Competitor List
	SCHEDULE 9	Prohibited Supplier List
	SCHEDULE 10	Legacy NPIs and NTIs; Allocation of Foreground IP
	SCHEDULE 11	Engineering Licensed Tools
	SCHEDULE 12	Cost Estimate
	SCHEDULE 13	Scheduled Technology Deliverables
	SCHEDULE
        14

        

        SCHEDULE
        15

        
	Historical
        Cost Elements

        

        Additional
        Provisions

        

 

  

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SUPPLY
AND TECHNOLOGY DEVELOPMENT AGREEMENT

 

This
Supply and Technology Development Agreement (as amended, modified or supplemented from time to time in accordance with its terms,
the “Agreement”), entered into as of November 13, 2018 (the “Signing Date”), is made by
and among General Electric Company, a New York corporation (“GE”), acting through its GE Aviation business
unit and the legal entities operating on its behalf (“GE Aviation”), and Baker Hughes, a GE company, LLC, a
Delaware limited liability company (“BHGE”), and General Electric Company, a New York corporation, on behalf
of its GE Power business (“GE Power”).

 

RECITALS

 

WHEREAS,
pursuant to that certain Master Agreement, dated as of November 13, 2018, among GE, BHGE and Baker Hughes, a GE company, a Delaware
corporation (as may be further amended from time to time, the “Master Agreement”), GE and BHGE desire to restructure
their existing relationships to accommodate GE’s intention to exit its ownership interest in BHGE over time (the “Restructuring”);

 

WHEREAS,
pursuant to the terms of the Master Agreement, and in connection with, and in furtherance of the Restructuring, GE and BHGE have
agreed to form an aero-derivative joint venture pursuant to the Aero-derivative Joint Venture Agreements (as defined in the Master
Agreement) (“ADGTJV”; ADGTJV, BHGE, GE Power, and GE Aviation may be referred to individually herein as a “Party”
and, collectively as the “Parties”);

 

WHEREAS,
GE and BHGE shall cause ADGTJV to be joined as a party hereto in accordance with ‎Section
2.01(a) hereof;

 

WHEREAS,
in connection with, and in furtherance of, the Restructuring, simultaneously herewith, GE and BHGE have agreed to enter into that
certain Umbrella Agreement, by and between GE and BHGE, dated as of November 13, 2018 (the “Umbrella Agreement”),
which will have the effect of clarifying scope of the licenses and other rights granted to BHGE for GE Aviation’s Intellectual
Property and Engineering Licensed Tools as between (i) that certain Amended and Restated Cross License Agreement, by and
between GE and BHGE, dated November 13, 2018 (the “A&R Cross License Agreement”), and (ii) this Agreement;

 

WHEREAS,
BHGE and GE Power desire ADGTJV to purchase from GE Aviation certain aero-derivative gas turbine products, equipment or component
parts (including licenses to software embedded therein), and obtain certain related Aftermarket Services and Engineering Services
(each as hereinafter defined), and the Parties desire to engage in certain research and development programs regarding certain
GE Aviation aero-derivative gas turbine products, equipment or component parts, and GE Aviation desires to provide certain licenses
to engineering tools on a “Software as a Service” basis; and

 

WHEREAS,
the Parties desire that this Agreement, the GE Aviation Supplemental Terms, the Umbrella Agreement and any POs (as hereinafter
defined) issued, acknowledged and agreed to by GE Aviation pursuant to this Agreement (including any PO

 

    

    

    

Modification
Agreement), establish the exclusive terms and conditions with respect to the foregoing.

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Parties hereby agree as follows:

 

ARTICLE
1

DEFINITIONS

 

Section
1.01.     Certain Defined Terms.
The following capitalized terms used in this Agreement shall have the meanings set forth below:

 

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

 

“ADGTJV
Foreground IP” shall have the meaning set forth in ‎Section 6.03(a)(ii)(C).

 

“ADGTJV
Indemnitees” shall have the meaning set forth in ‎Section 6.05(j)(ii).

 

“ADGTJV’s
Instructions” shall have the meaning set forth in ‎Section 6.18(c).

 

“ADGTJV
Option Patents” shall have the meaning set forth in ‎Section 6.15(b).

 

“ADGTJV
PCBs” shall have the meaning set forth in ‎Section 3.02(c).

 

“ADGTJV
Technical Documents” shall have the meaning set forth in ‎Section 6.04(d).

 

“Administrative
Employee Cost Estimate” shall have the meaning set forth in Section 3.03(c)(i) of Schedule 15.

 

“Advanced
Components” shall have the meaning set forth in Section 1.01 of Schedule 15.

 

“Advanced
Processes” shall have the meaning set forth in Section 1.01 of Schedule 15.

 

“Advanced
Repairs” shall mean repairs on Advanced Components, and shall include Existing Advanced Repairs and New Advanced Repairs.

 

“Advanced
Spare Parts” shall mean Spare Parts for Advanced Components.

 

“AE
Employees” shall have the meaning set forth in Section 3.03(c)(i) of Schedule 15.

 

“Affected
Module” shall have the meaning set forth in ‎Section 7.09(a)(iii)(A)(1).

 

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“Affiliate”
shall mean, as to any Person, any other Person which, directly or indirectly, controls, or is controlled by, or is under common
control with, such Person; however, for purposes of this Agreement, (i) ADGTJV and its Subsidiaries shall not be considered
Affiliates of GE Aviation, (ii) GE Aviation and its Subsidiaries (except for ADGTJV and the Subsidiaries of ADGTJV) shall not
be considered Affiliates of ADGTJV and its Subsidiaries, (iii) the JV Partners and their Subsidiaries shall not be considered
Affiliates of each other or their respective Subsidiaries, (iv) BHGE and its Subsidiaries shall not be considered Affiliates of
GE Aviation and its Affiliates (other than BHGE and its Subsidiaries), and (v) GE Aviation and its Affiliates (other than BHGE
and its Subsidiaries) shall not be considered Affiliates of BHGE and its Subsidiaries. As used in this definition, “control”
or “controlling” shall mean the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise.

 

“Aftermarket
Services” shall mean the provision of Spare Parts, maintenance, and Repair Services for LM Products.

 

“Aftermarket
Services Price” shall have the meaning set forth in ‎Section 7.03(b).

 

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

 

“Alliance
Managers” shall have the meaning set forth in ‎Section 3.01(a).

 

“Alliance
Parties” shall mean, individually or collectively, GE Aviation and ADGTJV.

 

“APCC”
shall have the meaning set forth in ‎Section 3.02(a).

 

“APCC
Chairperson” shall have the meaning set forth in ‎Section 3.02(b)(ii).

 

“Applicable
Price” shall mean, individually or collectively, the Aftermarket Services Price, the Engineering Services Price and
the Supply Product Price.

 

“Applicable
Terms” means

 

(a)
with respect to the Replacement Agreement between BHGE and GE Aviation,

 

(i)
(A) the exclusive supply commitment from GE Aviation, in the form of ‎Section
5.01 of the Agreement, that is limited to the commitment of GE Aviation to sell Exclusive Products/Services for the BHGE Field
of Use (the “BHGE Supply Exclusivity”), or (B) the deletion of the BHGE Supply Exclusivity if (and to the extent)
GE Aviation would have the right to terminate such BHGE Supply Exclusivity at the time of dissolution of ADGTJV in accordance
with ‎Section 5.05(a), Section 5.05(c),
Section 5.05(d) or Section 5.05(e);

 

(ii)
the deletion of the licenses set forth in Section 6.05 (other than Section 6.05(j)) if GE Aviation would have the
right to terminate the same under Section 5.05(e), Section 6.05(k) or Section 6.05(l) at the time of dissolution
of ADGTJV; (iii) if GE Aviation would not have the right to terminate the licenses set forth in Section 6.05, the

 

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revision
of the duration of the licenses set forth in Section 6.05(a) and Section 6.05(b), which, for avoidance of doubt, shall
not be deemed to automatically extend for ten (10) years from the date of the Replacement Agreement between BHGE and GE Aviation;

 

(iii)
limitation of the rights granted to BHGE under Article 6 to solely the BHGE Field of Use, and

 

(iv)
a JV Field of Use that is limited to the BHGE Field of Use

 

(b)
with respect to the Replacement Agreement between GEP and GE Aviation,

 

(i)
(A) the exclusive supply commitment from GE Aviation, in the form of ‎Section
5.01 of the Agreement, that is limited to the commitment of GE Aviation to sell Exclusive Products/Services for the Power
Field of Use (the “GEP Supply Exclusivity”), or (B) the deletion of the GEP Supply Exclusivity if (and to the
extent) GE Aviation would have the right to terminate such license at the time of dissolution of ADGTJV in accordance with Section
5.05(b), Section 5.05(c), Section 5.05(d) or Section 5.05(e);

 

(ii)
the deletion of the license set forth in Section 6.05 (other than Section 6.05(j)) if GE Aviation would have the
right to terminate the same under Section 5.05(e), Section 6.05(k) or Section 6.05(l) at the time of dissolution
of ADGTJV; and

 

(iii)
a JV Field of Use that is limited to the Power Field of Use.

 

“Authorized
Users” shall have the meaning set forth in ‎Section
6.05(c)(ii) of Schedule 15.

 

“A&R
Cross License Agreement” shall have the meaning set forth in the Recitals.

 

“Bankruptcy
Code” shall have the meaning set forth in ‎Section 6.07.

 

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

 

“BHGE
Agreement” shall have the meaning set forth in ‎Section 9.17(a).

 

“BHGE
Field of Use” shall mean customers operating in the oil and gas industry for which the application is one or more of
the following oil and gas activities for mechanical drive and/or, to the extent provided in the sentence below, power generation:
(i) drilling, evaluation, completion and/or production; (ii) liquefied natural gas; (iii) compression and boosting liquids in
upstream, midstream and downstream; (iv) pipeline inspection and pipeline integrity management; (v) processing in refineries and
petrochemical plants (including fertilizer plants). The Parties acknowledge that the BHGE Field of Use includes the opportunity
to sell aero-derivative gas turbine engines and parts and components and provide services to customers otherwise within the BHGE
Field of Use (pursuant to one of the clauses of the immediately preceding sentence) where fifty percent (50%) or less of the power
generated by such aero-derivative gas turbine engines (or the aero-derivative gas turbine engines to which such parts and components
of such engines correspond) will be dispatched to the grid, but not where more

 

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than
fifty percent (50%) of such power generated will be dispatched to the grid, such latter case being exclusively an opportunity
of GE Power.

 

“BHGE
Supply Exclusivity” shall have the meaning set forth in ‎Section 1.01.

 

“Breaching
Party” shall have the meaning set forth in ‎Section 4.02(d)(i).

 

“Business
Day” shall mean 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.

 

“Change
in Control” means, (i) with respect to BHGE or GE Power, any sale, transfer, assignment or other disposition (directly
or indirectly) by such Person, whether in a single transaction or series of related transactions, of all or substantially all
of its assets (other than to an Affiliate) to a GEA Competitor, (ii) with respect to BHGE, any sale, transfer, assignment or other
disposition (directly or indirectly) to a GEA Competitor by such Person, whether in a single transaction or series of related
transactions, of all or substantially all of the assets of the Turbomachinery & Process Solutions (TPS) unit or any other
unit that sells items (or provides services related thereto) to customers (other than, in either case, Affiliates) incorporating
the LM Product Lines, excluding any business unit (A) the principal business of which is not to sell items (or provide services
related thereto) incorporating the LM Product Lines or (B) that sells items (or provides services related thereto) incorporating
the LM Product Lines, of which the LM Products and related services does not represent more than ten percent (10%) of the total
sales from GE Aviation to ADGTJV (using the average of three (3) years of sales to determine such threshold) for the BHGE Field
of Use, (iii) with respect to GE Power, any sale, transfer, assignment or other disposition (directly or indirectly) by such Person,
whether in a single transaction or series of related transactions, of all or substantially all of the assets of the Gas Power
Systems (GPS) and Power Services (PS) business units (other than to an Affiliate) to a GEA Competitor, or (iv) with respect to
BHGE or GE Power, any consolidation, merger or reorganization of such Person with or into another entity or any other transaction
(whether by way of sales of assets or equity interest or otherwise) as a result of which the holders of a GEA Competitor’s
outstanding equity interests possessing the voting power (under ordinary circumstances) to elect a majority of such GEA Competitor’s
board of directors (or similar governing body) immediately prior to such transaction beneficially own, directly or indirectly,
(A) a majority of the equity, voting, beneficial or financial interests of the surviving entity, (B) the right to appoint or remove
a majority of the board of directors or members of an equivalent management body of the surviving entity, or (C) the power to
direct or cause the direction of the management and policies of the surviving entity.

 

“Competitor
Arrangement” shall have the meaning set forth in ‎Section
5.05(e).

 

“Confidential
Information” shall have the meaning set forth in ‎Section 9.08(a).

 

“Contract
Year” shall mean each consecutive twelve (12) month period beginning on January 1st and ending on December 31st during
the Term, provided that (i) the first Contract Year shall commence on the Effective Date and end on December 31st, 2019 and (ii)
the final

 

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Contract
Year shall commence on the January 1st immediately preceding the expiration or termination of this Agreement and end on such expiration
or termination.

 

“Control”
or “Controlled” means, with respect to any Intellectual Property, the right to grant a license or sublicense
to such Intellectual Property, 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 compensation that is not immaterial to any third party.

 

“Cost
Baseline” shall have the meaning set forth in ‎Section 7.03(d)(i).

 

“Costs”
shall have the meaning set forth in ‎Section 8.03(a)(v)(C).

 

“Covered
Items” shall have the meaning set forth in Section 6.05(n)(ii).

 

“Derivative”
shall mean a modified or enhanced aero-derivative engine that is substantially based on an existing LM Product Line aero-derivative
engine. For example, and for sake of clarity, the LM2500+G5 is a “Derivative” of LM2500.

 

“Designated
Agreements” means the set of contracts listed on Schedule 15.

 

“Development
Program” shall have the meaning set forth in ‎Section 2.02.

 

“Disclosing
Party” shall have the meaning set forth in ‎Section 9.08(a).

 

“Dispute”
shall have the meaning set forth in ‎Section 9.07(a).

 

“Effective
Date” shall have the meaning set forth in ‎Section 2.01.

 

“End
of Production Date” shall have the meaning set forth in ‎Section 4.03(a).

 

“End
User Confidentiality Acknowledgment” shall have the meaning set forth in ‎Section 6.04(e).

 

“Engine
Unit Proportion for BHGE Field of Use” shall mean the number of production engines from the LM Product Lines purchased
by BHGE for the BHGE Field of Use, divided by the aggregate number of production engines from the LM Product Lines purchased by
BHGE for the BHGE Field of Use plus any new non-aero-derivative engines (including a derivative of an existing BHGE or GE Power
engine as of the Signing Date, which requires substantial development with at least fifty million U.S. Dollars ($50,000,000) of
new product introduction funding or a competing product against the LM Product Line procured from a third party) sold by BHGE
for the BHGE Field of Use in a particular Power Class, based on an average calculated over a two-year period.

 

“Engine
Unit Proportion for Power Field of Use” shall mean the number of production engines from the LM Product Lines purchased
by GE Power for the Power Field of Use, divided by the aggregate number of production engines from the LM Product Lines purchased
by Power for the Power Field of Use plus any new non-aero-derivative engines

 

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(including
a derivative of an existing BHGE or GE Power engine as of the Effective Date, which requires substantial development with at least
fifty million U.S. Dollars ($50,000,000) of new product introduction funding or a competing product against the LM Product Line
procured from a third party sold by GE Power for the Power Field of Use in a particular Power Class, based on an average calculated
over a two-year period.

 

“Engineering
Licensed Tools” shall mean the engineering design tools and engineering process tools, data and datasets that are set
forth in Schedule 11 as “Engineering Licensed Tools”.

 

“Engineering
Rates” shall have the meaning set forth in Section 7.04(b)(i).

 

“Engineering
Services” shall mean those engineering services set forth on Schedule 7.

 

“Engineering
Services Cost” shall have the meaning set forth in ‎Section 7.04(b)(i).

 

“Engineering
Services Price” shall have the meaning set forth in ‎Section 7.04(a).

 

“Engineering
Tools” shall mean collectively the Engineering Licensed Tools and Licensed Materials.

 

“Engineering
Tools Content” shall mean all data, calculations, source code, executable code, algorithms, and other materials that,
as between the Parties, are proprietary to GE Aviation and GE Power.

 

“Engineering
Tools Purpose” shall have the meaning set forth in ‎Section 6.05(c)(i).

 

“Engineering
Tools Services” shall mean the meaning set forth in ‎Section 2.02.

 

“Exclusive
Field of Use” shall mean the provision of Exclusive Products/Services in the BHGE Field of Use (for BHGE or ADGTJV)
and/or Power Field of Use (for GE Power or ADGTJV).

 

“Exclusive
Products/Services” shall mean collectively:

 

(i)       development
(as approved by the APCC) of LM Products and Spare Parts, including upgrades and industrial-grade Spare Parts;

 

(ii)       the
provision of LM Products and Spare Parts;

 

(iii)       development
of New Advanced Repairs, except as provided in ‎Section 7.09;

 

(iv)       the
provision of Repair Services subject to and as provided in ‎Section 7.10; and

 

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(v)       the
provision of Repair Services by vendors for GE Aviation proprietary repairs on non-Advanced Components solely for use on OE aero-derivative
engines or Spare Parts.

 

“Existing
Advanced Repairs” shall mean the Advanced Repairs owned by or proprietary to GE Aviation, including derivations, improvements
or modifications thereof.

 

“Existing
Non-Advanced Repairs” shall mean the Non-Advanced Repairs owned by or proprietary to GE Aviation, including derivations,
improvements or modifications thereof.

 

“Existing
Policies” shall have the meaning set forth in ‎Section 6.05(c)(i).

 

“Extended
Cure Period” shall have the meaning set forth in ‎Section 4.02(d)(ii).

 

“Field
Event Process” shall have the meaning set forth in ‎Section 8.03(a)(v)(A).

 

“First
Party” shall have the meaning set forth in ‎Section 6.14.

 

“Forecast”
shall have the meaning set forth in ‎Section 7.02(d).

 

“Foreground
IP” shall mean all Intellectual Property created by or acquired through development work funded by ADGTJV or a JV Partner
under this Agreement.

 

“G5
Reserve” shall have the meaning set forth in ‎Section 7.04(c).

 

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

 

“GE
Agreement” shall have the meaning set forth in ‎Section 9.17(a).

 

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

 

“GE
Aviation Background IP” means all Intellectual Property that is (a) Controlled by GE Aviation as of the Signing
Date or (b) created or acquired by or on behalf of GE Aviation after the Signing Date, including developments, modifications,
derivative works or improvements to such Intellectual Property under the foregoing clause (a) created or acquired by or on behalf
of GE Aviation, independently and outside any development work funded by ADGTJV or a JV Partner under this Agreement.

 

“GE
Aviation Customer Concessions” shall have the meaning set forth in ‎Section 8.03(a)(v)(A).

 

“GE
Aviation Foreground IP” shall have the meaning set forth in ‎Section 6.03(a)(ii)‎(A).

 

“GE
Aviation Option Patents” shall have the meaning set forth in ‎Section 6.15(a).

 

“GE
Aviation PCBs” shall have the meaning set forth in ‎Section 3.02(c).

 

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“GE
Aviation Supplemental Terms” shall mean the supplemental terms and conditions applicable to POs issued relating to
the sale of the LM Products, Spare Parts and Services attached as Schedule  3,
which includes amendments, modifications and supplements as agreed upon between the Alliance Parties.

 

“GE
Aviation Supplied Content” shall have the meaning set forth in ‎Section 6.04(d).

 

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

 

“GEA
Competitor” means each of the Persons set forth on Schedule 8 or any of their respective Affiliates or any entity
that acquires control of these Persons or the majority of such Person’s relevant assets.

 

“GEA
Indemnitees” shall have the meaning set forth in ‎Section 6.05(i)(iii).

 

“GEA
Revenue” shall have the meaning set forth on Schedule 5.

 

“Governmental
Entity” shall mean any United States federal, state or local, or foreign, international or supranational, government,
court or tribunal, or administrative, executive, governmental or regulatory or self-regulatory body, agency or authority thereof.

 

“ICC”
means the International Chamber of Commerce.

 

“Independently
Performed Repairs” shall have the meaning set forth in ‎Section 7.10(b)(ii).

 

“Initial
Cure Period” shall have the meaning set forth in ‎Section 4.02(d)(ii).

 

“Intellectual
Property” means all of the following, whether protected, created or arising under the Laws of the United States or any
other foreign jurisdiction, including: (i) patents, patent applications (along with all patents issuing thereon), statutory invention
registrations, divisions, continuations, continuations-in-part, substitute applications of the foregoing and any extensions, reissues,
restorations and reexaminations thereof, and all rights therein provided by international treaties or conventions, (ii) copyrights,
moral rights, mask work rights and design rights, whether or not registered, published or unpublished, and registrations and applications
for registration thereof; and all rights therein whether provided by international treaties or conventions or otherwise, (iii)
confidential and proprietary information, including rights relating to know-how or trade secrets, (iv) all other applications
and registrations related to any of the intellectual property rights set forth in the foregoing clauses (i) - (iii) above, and
(v) intellectual property rights in Technology. As used in this Agreement, the term “Intellectual Property”
expressly excludes (x) trademarks, service marks, trade names, service names, domain names, trade dress, logos, and other identifiers
of same, all goodwill associated therewith, and all common law rights, and registrations and applications for registration thereof,
all rights therein provided by international treaties or conventions, and all reissues, extensions and renewals of any of the
foregoing and (y) rights arising from or in respect of domain names, domain name registrations and reservations.

 

    9

    

    

“Joint
Foreground IP” shall have the meaning set forth in ‎Section 6.03(a)(ii)(B).

 

“JV
Effective Date” shall have the meaning set forth in ‎Section
2.01(a).

 

“JV
Field of Use” shall mean cumulatively the BHGE Field of Use and the Power Field of Use.

 

“JV
Partner” shall mean each of BHGE and GE Power.

 

“JV
Partner Background IP” means all Intellectual Property Controlled by either JV Partner that is relevant to the scope
of ADGTJV (including all necessary development and design tools and software a JV Partner agrees to license to ADGTJV) and is
created or acquired by or on behalf of a JV Partner independently and outside any development work funded by ADGTJV or a JV Partner
under this Agreement.

 

“JV
Partner Foreground IP” means all Intellectual Property designated in a Technology Development Program Plan (including
those set forth on Schedule 10) as either “BHGE Foreground IP” or “GE Power Foreground IP,” in each case
to the extent such Intellectual Property is Controlled by the applicable JV Partner.

 

“Law”
shall mean 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.

 

“Lead
Time” shall have the meaning set forth in ‎Section 7.02(c)(i).

 

“Legacy
LM Product Lines” shall mean each of LM500, LM1600, LM2500, LM5000, LM6000, and LMS100 aero-derivative engine lines,
along with all Derivatives of the foregoing that (a) are subject to Legacy NPIs and NTIs, or (b) do not require in the future
substantial new product introduction or other Technology development between the JV Partners and GE Aviation.

 

“Legacy
NPIs and NTIs” shall mean those research and development programs initiated prior to the Signing Date between GE Aviation
and one or both JV Partners in connection with any one or more Legacy LM Product Lines and/or the LM9000 Product Line in development
as of the Signing Date, as specified on  Schedule 10.

 

“Level
5 Repairs” shall have the meaning set forth in ‎Section 7.10(b)(i).

 

“Liabilities”
shall have the meaning set forth in ‎Section 6.05(i)(iii).

 

“License
ADGTJV Change in Control” means: (i) acquisition by a Person (whether directly from ADGTJV or from one or more of the
JV Partners) of more than twenty percent (20%) of ADGTJV; (ii) an acquisition by a JV Partner (directly or indirectly) of any
or all of the other JV Partner’s interest in ADGTJV; or (iii) any third party otherwise acquires control (as such term is
defined in the definition of “Affiliate”) of ADGTJV.

 

“License
JV Partner Change in Control” means, (i) with respect to BHGE or GE Power, (A) any sale, transfer, assignment or other
disposition (directly or indirectly) by such Person, whether in a single transaction or series of related transactions, of forty
percent (40%) or more of its equity interests or all or substantially all of its assets, other than to an Affiliate, or (B) any
consolidation, merger or reorganization of such Person with or into another entity or any other transaction (whether by way of
sales of assets or equity interest or otherwise) as a result of

 

    10

    

    

which
the holders of BHGE’s or GE Power’s (as applicable) outstanding equity interests possessing the voting power (under
ordinary circumstances) to elect a majority of BHGE’s or GE Power’s (as applicable) board of directors (or similar
governing body) immediately prior to such transaction beneficially own, directly or indirectly, (1) a majority of the equity,
voting, beneficial or financial interests of the surviving entity, (2) the right to appoint or remove a majority of the board
of directors or members of an equivalent management body of the surviving entity, or (3) the power to direct or cause the direction
of the management and policies of the surviving entity; provided that, for the avoidance of doubt, no sale by GE of any of its
equity interests in BHGE shall constitute a License JV Partner Change in Control, (ii) with respect to BHGE, any sale, transfer,
assignment or other disposition (directly or indirectly) by such Person, whether in a single transaction or series of related
transactions, of all or substantially all of the assets of its Turbomachinery & Process Solutions (“TPS”) business
unit, other than to an Affiliate, or (iii) with respect to GE Power, any sale, transfer, assignment or other disposition (directly
or indirectly) by such Person, whether in a single transaction or series of related transactions, of all or substantially all
of the assets of its GPS and PS business units other than to an Affiliate.

 

“Licensed
Aviation Field of Use” shall mean the aerospace field into which GE Aviation sells products and services, including
gas turbine engines and components for aerospace applications, excluding BHGE Field of Use.

 

“Licensed
Materials” shall mean (a) all user manuals and documents related to the Engineering Licensed Tools as they exist as
of the Signing Date as well as (b) any modifications thereto developed by GE Aviation during the Term of this Agreement, but limited
specifically to such portions of such user manuals and documents relating to the Engineering Licensed Tools and detailing the
functionality and use of the Engineering Licensed Tools; provided that, such manuals and documents shall be the same or similar
to what GE Aviation uses internally in connection with the Engineering Licensed Tools.

 

“Licensed
Trademarks” shall mean, and is limited to, (i) the word mark “GE”, (ii) the word mark “GE Aviation”
and (iii) the GE monogram.

 

“LLP”
shall mean life limited parts as listed in Chapter 5 of GE Aviation’s “Engine Shop Manual” (“ESM”)
for the flight version of the aero-derivative engine model, which GE Aviation will make available to ADGTJV.

 

“LLP
Influencing Parts” shall mean parts that help establish the safe operating conditions of one or more LLP, including
parts that exert mechanical loads on the LLP, exert pressure loads on the LLP, provide potential vibratory stimulus to the LLP,
or influence the thermodynamic environment of the LLP, as listed in ESM for the flight version of the aero-derivative engine.

 

“LM9000
OE Parts” shall mean all production parts for the LM9000 Product Line, except for the parts provided by or procured
by ADGTJV or BHGE.

 

“LM9000
Product Line” shall mean the LM9000 aero-derivative gas turbine product line, along with all Derivatives added by the
APCC pursuant to ‎Section 5.03.

 

    11

    

    

“LM
Product Lines” shall mean, individually or collectively, LM500, LM1600, LM2500, LM5000, LM6000, LMS100, and LM9000 aero-derivative
engine lines (including variants and configurations thereof), along with any Derivative added by the APCC pursuant to ‎Section
5.03 (but excluding any new centerline new product introduction aero-derivative engine).

 

“LM
Products” shall mean engines, modules and/or parts of an LM Product Line. For the avoidance of doubt, the parts included
in this definition refer only to parts of the core engine, and do not include sensors, cables, piping (fixed or flexible), etc.
which the JV Partners purchase from outside vendors as of the Signing Date.

 

“Margin
Percentage” shall have the meaning set forth on Schedule 2.

 

“Marine
Field of Use” shall mean the marine field into which GE Aviation sells aero-derivative products and services, including
propulsion, mechanical drive, hybrid, electric drive and combined cycle configuration engines and components for gas turbine based
power solutions for commercial or military ship applications, excluding any floating platform or FPSO (floating production storage
offloading) vessels used for oil and gas applications or power generation applications. For the avoidance of doubt, if the floating
platform or FPSO vessel has an engine for propulsion (with such engine for propulsion of the vessel) it shall be inside the Marine
Field of Use.

 

“Market
Share Threshold Percentage” shall have the meaning set forth in ‎Section 5.05(c).

 

“Master
Agreement” shall have the meaning set forth in the Recitals.

 

“Modifications”
shall have the meaning set forth in ‎Section 6.05(c)(i).

 

“New
Advanced Repairs” shall mean Advanced Repairs to be developed by either GE Aviation or the JV Partners under one or
more Technology Development Program Plans, excluding any repairs that are based upon, derived from, an improvement of, or a modification
of Existing Advanced Repairs.

 

“New
Non-Advanced Repairs” shall mean Non-Advanced Repairs to be developed by either GE Aviation or the JV Partners under
one or more Technology Development Program Plans, excluding any repairs that are based upon, derived from, an improvement of,
or a modification of Existing Advanced Repairs.

 

“Non-Advanced
Components” shall mean any components of LM Products and Spare Parts that are not Advanced Components.

 

“Non-Advanced
Repairs” shall mean repairs for Non-Advanced Components and includes both Existing Non-Advanced Repairs and New Non-Advanced
Repairs.

 

“Non-breaching
Party” shall have the meaning set forth in ‎Section 4.02(d)(i).

 

“Notice
of Material Breach” shall have the meaning set forth in ‎Section 4.02(d)(i).

 

    12

    

    

“Notice
of Termination” shall have the meaning set forth in ‎Section 4.02(d)(iii).

 

“Output”
shall have the meaning set forth in Section 6.05(n)(i)(A).

 

“Outside
Warranty Period” shall have the meaning set forth in ‎Section 8.03(a)(v)(A).

 

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

 

“PCB”
shall have the meaning set forth in ‎Section 3.02(a).

 

“Person”
shall mean an individual, corporation, partnership, joint venture, association, trust, unincorporated organization, limited liability
company or governmental or other entity.

 

“POs”
shall have the meaning set forth in ‎Section 7.01(a).

 

“PO
Modification Agreement” shall have the meaning set forth in ‎Section 7.01(b)(ii).

 

“PO
Modifications” shall have the meaning set forth in ‎Section 7.01(b)(ii).

 

“Policies”
shall have the meaning set forth in ‎Section 6.05(c)(i).

 

“Power
Class” shall mean a range of power within which an aero-derivative engine is capable of providing power measured in
megawatts at ISO conditions. For purposes of this Agreement, there shall be five Power Classes defined by the following: (a) 0-19MW,
(b) 20-40MW, (c) 41-60MW, (d) 61-95MW and (e) 95+ MW.

 

“Power
Field of Use” shall mean customers operating primarily outside of the oil and gas industry and when the application
is one or more of the following activities: (i) industrial power generation (i.e., metals, pulp and paper, and waste to energy),
(ii) cogeneration (“Cogen”), (iii) combined heat and power (“CHP”), (iv) hybrid power generation, (v)
combined cycle for utility/IPP and (vi) conventional (including, without limitation, simple cycle power plants) and nuclear power
generation for utility/IPP including Cogen, CHP and biomass.

 

“Product
Cost” means the following costs incurred in connection with LM Products, Spare Parts, or conducting Repair, including
the manufacturing, assembling, testing, and repairing thereof:

 

(a)
direct labor costs (including salary and wages);

 

(b)
cost of materials used (including raw material, components, scrap, packaging materials, shipping and handling costs, freight-in
charges, supplier charges, any applicable sales taxes and/or customs duties and brokers fees, and lot charges, including special
process substantiation, vendor substantiation and manufacturing engineering support at supplier shops);

 

(c)
allocation of overhead (including indirect labor costs, supplies and materials, manufacturing engineering support, plant insurance,
property taxes, and other like costs) and

 

    13

    

    

facilities
and equipment expense (including rent, utilities, repairs and maintenance costs, equipment rental and leases, and depreciation
expense);

 

(d)
sourcing and material procurement, storage, and other applicable activities, including quality control and quality assurance,
performed directly in support of the applicable activity;

 

(e)
if applicable, costs for third party contract manufacturers or service providers;

 

(f)
fuel costs associated with engine tests; and

 

(g)
any royalties payable to a third party attributable to the applicable activity.

 

“Products
Warranty” shall have the meaning set forth in ‎Section 8.03(a).

 

“Products
Warranty Period” shall have the meaning set forth in ‎Section 8.03(a).

 

“Products/Services
Claims” shall have the meaning set forth in ‎Section 8.01(b).

 

“Prohibited
Supplier List” shall have the meaning set forth in ‎Section 7.09(a)(iii)(B).

 

“Receiving
Party” shall have the meaning set forth in ‎Section 9.08(a).

 

“Regardless
of Cause or Action” shall mean (to the maximum extent permitted by applicable Law), regardless of: cause, fault, default,
negligence in any form or degree, foreseeability, strict or absolute liability, breach of duty (statutory or otherwise) of any
person, including in each of the foregoing cases of the indemnified person, or any defect in any premises; for all of the above,
whether pre-existing or not and whether the damages, liabilities, or claims of any kind result from contract, warranty, indemnity,
tort/extra-contractual or strict liability, quasi contract, Law, or otherwise.

 

“Repairs”
shall mean Advanced Repairs and Non-Advanced Repairs.

 

“Repair
Services” shall mean performance of Advanced Repairs and Non-Advanced Repairs.

 

“Repair
Royalty Fee” shall have the meaning set forth in ‎Section 7.10(c)(i).

 

“Repair
Warranty” shall have the meaning set forth in ‎Section 8.03(b)(i).

 

“Repair
Warranty Period” shall have the meaning set forth in ‎Section 8.03(b)(i).

 

“Replacement
Agreements” shall have the meaning set forth in ‎Section
9.17(b)(ii).

 

“Representatives”
shall mean the applicable Party’s respective directors, officers, members, employees, representatives, agents, attorneys,
consultants, contractors, accountants,

 

    14

    

    

financial
advisors and other advisors. In the case of ADGTJV, it shall also include the JV Partners.

 

“Residuals”
shall have the meaning set forth in ‎Section 6.05(n)(i).

 

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

 

“RSP
Materials” shall mean products and services sourced from RSPs.

 

“RSPs”
means revenue share participants that have entered into a revenue share participant program (which is a risk and revenue-sharing
program), the terms of which are set forth in joint contractual arrangements between such participants and GE, and pursuant to
which such participants design, develop, manufacture, sell and/or support parts or component parts of the LM Products, Spare Parts
and Services, and each of such participants, among other things, funds its share of effort on such program, assumes the corresponding
risks and rewards, and receives compensation from sales of such LM Products, Spare Parts and Services based upon such participant’s
share of such program.

 

“Security
Incident” shall have the meaning set forth in ‎Section
6.05(k).

 

“Serial
Defect” shall have the meaning set forth in ‎Section 8.03(a)(v)(A).

 

“Services”
shall mean, individually or collectively, the Aftermarket Services and the Engineering Services.

 

“Signing
Date” shall have the meaning set forth in the Preamble.

 

“Site”
shall mean the premises where LM Products and Spare Parts are used or Services are performed, not including GE Aviation’s
premises from which it performs Services.

 

“Software”
shall have the meaning set forth in ‎Section 6.17(a).

 

“Source
Data” shall mean source code or other source materials.

 

“Spare
Parts” shall mean an individual part or assembly of parts, including modules, of an LM Product, typically identified
by a unique part number, which can be sold individually or in the aggregate, but without being installed on such engine.

 

“Subsidiary”
shall mean with respect to any Person, another Person, an amount of the voting securities or other voting ownership interests
of which is sufficient, together with any contractual rights, to elect at least a majority of its Board of Directors or other
governing body (or, if there are no such voting interests, 50% or more of the equity interests of which) is owned directly or
indirectly by such first Person.

 

“Specified
Tool” shall have the meaning set forth in ‎Section 6.05(c)(ii).

 

“Supply
Product Price” shall have the meaning set forth in ‎Section 7.03(a).

 

    15

    

    

“Supply
Program” shall have the meaning set forth in ‎Section 2.02.

 

“Tax”
shall mean any federal, state, provincial, local, foreign or other tax, import, duty or other governmental charge or assessment
or escheat payments, or deficiencies thereof, including income, alternative, minimum, accumulated earnings, personal holding company,
franchise, capital stock, net worth, capital, profits, windfall profits, gross receipts, value added, sales, use, excise, custom
duties, transfer, conveyance, mortgage, registration, stamp, documentary, recording, premium, severance, environmental, real and
personal property, ad valorem, intangibles, rent, occupancy, license, occupational, employment, unemployment insurance, social
security, disability, workers’ compensation, payroll, health care, withholding, estimated or other similar tax and including
all interest and penalties thereon and additions to tax.

 

“Technology”
means, collectively, all technology, software, hardware, data, databases, models, designs, formulae, algorithms, procedures, methods,
discoveries, processes, techniques, ideas, know-how, research and development, tools, materials, specifications, inventions (whether
patentable or unpatentable and whether or not reduced to practice) apparatus, creations, improvements, works of authorship in
any media, confidential, proprietary or non-public information, and other similar materials, and all recordings, graphs, drawings,
specifications, reports, presentations, analyses, other writings and other tangible embodiments of the foregoing, in any form,
whether or not specifically listed herein, and all related technology.

 

“Technology
Deliverables” shall mean all information and Technology whether pre-existing or generated as a result of this Agreement
which has been or may be furnished or made available by GE Aviation to ADGTJV, other than the Engineering Tools.

 

“Technology
Development Program Plan” shall mean a written agreement on a technology development program plan for any new
product introduction or other Technology development in substantial conformance with the template set forth in  Schedule 6.

 

“Term”
shall have the meaning set forth in ‎Section 4.01.

 

“Third
Party Materials” shall have the meaning set forth in ‎Section 6.05(e)(ii).

 

“Third
Party Repair Supplier” shall have the meaning set forth in ‎Section 7.10(a).

 

“Third
Party Repair Supplier Conditions” shall have the meaning set forth in ‎Section 7.10(a).

 

“Threshold Percentage”
shall have the meaning set forth in Section 1.01 of Schedule 15.

 

“Tools
Term” shall have the meaning set forth in ‎Section 6.05(b).

 

“Tools
Users” shall have the meaning set forth in ‎Section
6.05(i)(iii).

 

“Umbrella
Agreement” shall have the meaning set forth in the Recitals.

 

“Unapproved
Operations” shall have the meaning set forth in ‎Section 8.03(a)(iv)(E).

 

    16

    

    

“Unapproved
Repair” shall have the meaning set forth in ‎Section 7.09(a)(i)(B).

 

“Unapproved
Spare Part” shall have the meaning set forth in ‎Section 7.09(a)(i)(B).

 

“VDI”
shall have the meaning set forth in ‎Section 6.05(a).

 

ARTICLE
2

EFFECTIVENESS; PURPOSE AND SCOPE

 

Section
2.01.     Effectiveness.

 

(a)              
ADGTJV Joinder to Agreement. Substantially simultaneous with the closing of the joint venture contemplated by the
Master Agreement (the “JV Effective Date”), BHGE and GE Power shall cause ADGTJV to execute and deliver a joinder
to this Agreement, substantially in the form of Schedule 1 hereto, whereupon ADGTJV shall become a party to this Agreement. For
the avoidance of doubt, except following any permitted assignment of this Agreement pursuant to Section 9.10, in no event
shall either of BHGE or GE Power have or be entitled to exercise any rights, licenses or remedies of ADGTJV under this Agreement
prior to the Effective Date (as defined below).

 

(b)              
Agreement Effectiveness. Notwithstanding anything to the contrary contained in this Agreement or in the Master Agreement,
and subject to Section 2.01(c) below, this Agreement and the obligations of each Party shall only become effective upon
the occurrence of both (i) the Trigger Date (as defined in that certain Amended and Restated Stockholders Agreement between GE
and Baker Hughes, a GE company, a Delaware corporation, dated as of November 13, 2018, as amended), and (ii) ADGTJV joining as
a party hereto in accordance with Section 2.01(a) (the date on which the latest of (a) and (b) have occurred, the “Effective
Date”). For avoidance of doubt, if the JV Effective Date has not occurred as of the Trigger Date, then this Agreement
and the rights and obligations of the Parties hereunder shall not become effective, and instead, GE Aviation shall enter into
separate supply and technology development agreements with each of BHGE and GE Power in accordance with Section 9.17(a).

 

(c)              
Earlier Effectiveness. Notwithstanding the effectiveness of this Agreement contemplated by Section 2.01(b),
(i) this Section 2.01 (Effectiveness), Section 3.03(c)(iv) of Schedule 15, Section 4.02(d) (Material Breach),
Section 6.05 (Access to Engineering Tools), and ARTICLE 9 (General Provisions) shall be effective as of the Signing Date,
and (ii) Section 6.02(a) (GE Aviation Background Intellectual Property) shall be effective as of December 1, 2018.

 

Section
2.02.     Purpose. The purpose
of this Agreement is to set forth the terms and conditions governing: (a) the supply by GE Aviation to ADGTJV of the LM Products
and Spare Parts and the provision by GE Aviation to ADGTJV of the Aftermarket Services and Engineering Services, as ordered and
fulfilled pursuant to POs issued in accordance with ‎Section 7.01 (the “Supply Program”); (b) the
Engineering Services and research and development programs that are unanimously agreed upon by the APCC and set forth in a written
Technology Development Program Plan (the “Development Program”); and (c) the provision by GE Aviation

 

    17

    

    

to
ADGTJV and the JV Partners of certain Engineering Licensed Tools through a software as a service model (the “Engineering
Tools Services”).

 

Section
2.03.     Supply Program.

 

(a)              
Scope of LM Products and Spare Parts. Subject to the terms and conditions of this Agreement (including the exclusivity
provisions set forth in ‎ARTICLE 5), GE Aviation shall sell and supply to ADGTJV, and ADGTJV shall purchase from GE
Aviation, LM Products, Spare Parts and Services, and as ordered and fulfilled pursuant to POs issued in accordance with ‎Section
7.01.

 

(b)              
Exclusions. Notwithstanding anything herein to the contrary in this Agreement, any new centerline new product introduction
aero-derivative engine and any derivatives thereof shall not be supplied as part of the Supply Program under this Agreement and
are not subject to any terms set forth in this Agreement other than ‎Section 5.03 (including those related to supply,
development, maintenance, repair or engineering services). The inclusion of such engine will be subject to the APCC’s approval
and any terms for such inclusion shall be separately negotiated between the Alliance Parties in good faith and based on market
considerations.

 

(c)              
Limitations Regarding LM9000. The inclusion of LM9000 in the Supply Program under this Agreement, and GE Aviation’s
obligations with respect to LM9000, shall be limited to providing LM9000 OE Parts, and providing and repairing LM9000 OE Parts
and related Spare Parts only, and shall not include any final assembly or testing responsibilities with respect to LM9000 (with
the exception of the first four ‎(4) production units and the development program).

 

Section
2.04.     Development Program.

 

(a)              
Scope. Subject to the terms and conditions of this Agreement, the Alliance Parties may engage in Development Programs
pursuant to one or more Technology Development Program Plan, pursuant to ‎Section 6.01.

 

(b)              
Third Party Providers. GE Aviation shall have the right, in its sole discretion, to designate or cause an Affiliate
or third party provider to provide to ADGTJV any applicable Service(s), which shall be consistent with GE Aviation’s current
and ordinary course practices, subject to any such third party provider agreeing in writing to provide such Services in accordance
with the applicable terms and conditions of this Agreement. For the avoidance of doubt, GE Aviation will remain liable for the
provision of Services by an Affiliate or such third party provider, in accordance with the terms of this Agreement.

 

    18

    

    

ARTICLE
3

PROGRAM MANAGEMENT; AERO-DERIVATIVE PRODUCT COMPETITIVENESS COMMITTEE

 

Section
3.01.     Program Management and Operations.

 

(a)              
Alliance Managers. Promptly after the Effective Date, each Alliance Party shall appoint an experienced cross-functional
senior business leader to act as an alliance manager (each, an “Alliance Manager”), who shall oversee the fulfillment
of this Agreement and the alignment of Alliance Parties’ interests, and shall notify the other Alliance Party of its Alliance
Manager. The Alliance Managers shall be the primary point of contact for the Alliance Parties regarding the collaboration activities
contemplated by this Agreement and shall help facilitate all such activities hereunder.

 

(b)              
Alliance Manager Responsibilities. The Alliance Managers shall have the following responsibilities:

 

(i)                
To create and maintain a collaborative work environment between the Alliance Parties;

 

(ii)             
To lead execution work assigned by the APCC to the Alliance Party and to serve as the single unifying element in the organization
of each Alliance Party to ensure consistency and simplification as appropriate;

 

(iii)           
To coordinate the various functional representatives developing and executing strategies and plans for GE Aviation’s
supply of the LM Products, Spare Parts and Services;

 

(iv)            
To provide single-point leadership for generating consensus both internally within their respective Alliance Parties’
organizations and externally across party lines regarding key strategy and plan issues;

 

(v)              
To ensure the ability for rapid decision making regarding the execution of strategies and plans approved by the APCC to
avoid the need for excessive APCC meetings and input;

 

(vi)            
To identify and raise cross company, cross region and/or cross function disputes to the APCC; and

 

(vii)         
To plan and coordinate efforts aimed at establishing and maintaining the functionality of GE Aviation’s supply of
the LM Products, Spare Parts and Services.

 

Section
3.02.     Committees.

 

(a)              
Governance. The Alliance Parties have agreed to establish the following committees to assist in achieving the Alliance
Parties’ goals: (i) an Aero-derivative Product

 

    19

    

    

Competitiveness
Committee (“APCC”), the functions, composition, meeting requirements, decision-making authority and record
keeping requirements for which are set forth in ‎Section 3.02(b), and (ii) Program Control Boards (each, a “PCB”),
the functions, decision-making authority and record keeping requirements for which are set forth in ‎Section 3.02(c).
The Alliance Parties have agreed that the oversight and management structures provided by the APCC and the PCBs as established
by the Alliance Parties should facilitate quick decision-making and issue resolution. The Alliance Parties have also agreed that
such oversight and management structure should facilitate maximum allowable collaboration between the Alliance Parties to achieve
these goals and align the Alliance Parties interests, yet cause as little disruption as possible to the organizational structures
of the Alliance Parties and their Affiliates. In addition, the Alliance Parties wish to establish an effective and efficient management
coordination system so as to optimize the long term profitability of the LM Products, Spare Parts and Services.

 

(b)              
APCC.

 

(i)                
Function. The APCC shall have the following functions:

 

(A)            
evaluate and review cost competitiveness concerns after taking into account total cost of ownership, durability, reliability,
availability, output, efficiency, and other similar value differentiators and then negotiate to modify the pricing terms to improve
alignment and cost competitiveness, which modifications may include (1) reducing budget costs, which if achieved would be immediately
captured by ADGTJV through a reduction of price during the interim term, (2) rebalancing of margin rates across LM Products, Spare
Parts and Services, (3) temporary price concessions or (4) other economic currency as agreed by the Alliance Parties; provided
that ADGTJV has provided the APCC with documentation to support such cost competitiveness concern that the LM Products, Spare
Parts and Services costs are higher than the market rates of other similar manufacturers of aero-derivative engines of a comparable
quality and such rates have been consistently offered for at least one (1) year;

 

(B)             
if requested by an Alliance Party, to address major market concerns resulting from the commercial end market or the supply
chain environment and potential corresponding adjustments to the Cost Baseline or Applicable Price;

 

(C)             
make determinations on long range forecasting for sales and operations planning, based on input from ADGTJV’s customer
channel representatives and GE Aviation’s planning and fulfillment representatives;

 

(D)            
approve and guide joint technology development initiatives, including Development Program prioritization, funding and execution,
based on input from ADGTJV’s engineers and product managers from both JV Partners and GE Aviation’s engineers and
product management;

 

    20

    

    

(E)             
review and make decisions regarding proposals for new Derivatives;

 

(F)             
oversee the management of the LM Products, Spare Parts and Service (including product cost out opportunities, product safety,
non-aero part industrialization, lead time reduction ideas, end of life product management and new supplier development);

 

(G)            
oversee the configuration management of LM Product or Spare Part (including technical reviews);

 

(H)            
review of Repairs and Spare Parts introduction, development substantiation, approval and whether to allow new Repairs and
Spare Parts introductions to the extent such introductions did not receive approval from GE Aviation’s engineering team
for reasons related to safety concerns along with associated documentation related to the foregoing;

 

(I)               
sustaining engineering of the LM Product or Spare Part;

 

(J)               
determine the funding and joint management of Development Programs under each Technology Development Program Plan;

 

(K)            
resolve any Disputes regarding ownership or licensing of Intellectual Property in accordance with the requirements of ‎ARTICLE
6;

 

(L)             
at the request of ADGTJV to restart any LM Product Line that is terminated pursuant to ‎Section 4.03, consider
the associated business case by evaluating the cost and benefit of restarting such terminated LM Product Line and, if the APCC
determines to resume such terminated LM Product Line, such LM Product Line will be reinstated in this Agreement subject to pricing
and lead time changes, if any;

 

(M)           
at the request of ADGTJV if there is a substantial need to extend the support period under ‎Section 4.03(c)
for Aftermarket Services or Engineering Services, consider granting an extension of such period;

 

(N)            
review Lead Time reduction in accordance with ‎Section 7.02(c);

 

(O)            
update the Prohibited Supplier List periodically and consider, upon written request of the Alliance Parties, making exceptions
to the Prohibited Supplier List, provided that the APCC unanimously approves making such exceptions;

 

(P)             
approve content contributed by GE Aviation required to construct Industrial Repair Manuals (IRMs) for LM Products;

 

    21

    

    

(Q)            
address the matters relating to introduction of new Repairs and Spare Parts as set forth in ‎Section 7.09 and
‎Section 7.10(a), including any exclusive buy or sell obligations between the Alliance Parties related thereto; and

 

(R)             
make funding decisions on actions recommended by, or decisions made by, the PCBs.

 

(ii)             
Composition. The APCC shall consist of a total of six (6) members, and be composed of two ‎(2) senior leaders
(who shall be officers, directors or senior employees) appointed by each of GE Aviation and each JV Partner immediately following
the Effective Date. GE Aviation and each JV Partner shall jointly appoint a chairperson to serve as the leader of the APCC (the
“APCC Chairperson”). GE Aviation and each JV Partner shall have the right from time to time to substitute individuals,
on a permanent or temporary basis for any of its previously designated members of the APCC, upon written notice to the other parties.

 

(iii)           
Meetings. Unless the APCC otherwise agrees, regular meetings of the
APCC shall be held at least once every fiscal quarter to establish goals, approve strategies and plans, review progress versus
goals and to discuss issues. All meetings shall be held at such times and places as the APCC may determine. The APCC Chairperson
shall be responsible for coordinating and distributing an agenda to the members of the APCC prior to meetings. The APCC Chairperson
may call a special meeting of the APCC upon request of any member by written or oral notice to the other members. Notice of the
place, date and time of all meetings of the APCC shall be mailed to a member’s last officially communicated place of business
at least ten (10) days before the meeting or given by electronic communication at least five (5) days before the meeting. Attendance
at a meeting shall constitute waiver of notice. Any meeting may be held by telephone or teleconference so long as all members
participating in the meeting can hear one another at the same time. Telephone or teleconference meetings shall be governed by
the same rules as other meetings of the APCC except as to location.

 

(iv)            
Quorum. A duly constituted quorum of the APCC for purposes of making any decision or taking any action required
or permitted to be made or taken pursuant to this Agreement shall be at least two ‎(2) members from each of GE Aviation and
each JV Partner present in person, via telephone or teleconference. Any member unable to attend in person may attend via telephone
or teleconference and shall have all rights to participate fully and vote, provided that members of the APCC may not delegate
their attendance responsibility.

 

(v)              
Decision Making. The APCC shall review processes and reach decisions after taking into consideration each Alliance
Party’s interests, including in the areas of cost competitiveness, services footprint dynamics, growth opportunities and
customer dynamics. Decisions shall be made on a business case-basis (A) after reviewing the necessary facts and risk assessments
provided by the engineering and supply chain teams and (B) after taking into account input

 

    22

    

    

from
the commercial teams regarding the end market for use in the business case. Any decision or action required or permitted to be
made or taken by the APCC shall only be made or taken upon the unanimous agreement of all members of the APCC. If the APCC does
not unanimously agree with respect to any matter, then such matter shall be resolved pursuant to the mechanisms described in ‎Section
9.07 of this Agreement. Any decision or action that might be made or taken at any meeting of the APCC may be made or taken,
in lieu of a meeting, by an instrument in writing executed by the members of the APCC. Such instruments may be executed in counterparts.

 

(vi)            
Records. The APCC shall keep accurate minutes of all meetings to reflect any and all decisions or actions made or
taken. The APCC Chairperson shall designate a member of the APCC or another person agreed by the APCC to prepare and circulate
a draft of the minutes of each meeting. Drafts of such minutes shall be delivered to the members of the APCC within twenty (20)
days after the meeting, and shall be edited and issued in final form as soon as practical after the meeting, with the approval
and agreement of the members of the APCC, as evidenced by their (or their designee’s) signatures on the minutes. The APCC
shall also keep such other records as it deems appropriate.

 

(c)              
Program Control Board (PCB). There shall be a PCB formed for each LM Product Line (e.g., LM2500, LM6000, LMS100,
and LM9000), including its related Derivatives and variants with respect to (1) flange to flange decisions (“GE Aviation
PCBs”) and (2) overall package and turbine integration decisions (“ADGTJV PCBs”).

 

(i)                
Function. Each PCB shall have the following functions:

 

(A)            
Making decisions on design changes in the factory and the field;

 

(B)             
Monitoring business operations, considering technical and business risk;

 

(C)             
Approving control documents such as engineering scope of work, technical publications and service bulletins;

 

(D)            
Overseeing supply chain management and manufacturing programs management; and

 

(E)             
Managing allocation of approved funds and budgeting.

 

(ii)             
Meetings. A GE Aviation-appointed PCB chairperson will call and lead meetings and there shall be at least one ADGTJV
appointee for GE Aviation PCBs. An ADGTJV-appointed PCB chairperson will call and lead meetings and there shall be at least one
GE Aviation appointee for ADGTJV PCBs.

 

    23

    

    

(iii)           
Decision Making. Any decision or action required or permitted to be made or taken by a PCB shall only be made or
taken upon the unanimous agreement of all members of such PCB; provided that:

 

(A)            
any decision or action associated with flange to flange turbines and associated Technology shall be led by GE Aviation,
with at least one ‎(1) representative from ADGTJV having the right to provide input, provided that if a PCB cannot reach unanimous
agreement then the issue will be escalated within the organizations to attempt to reach an agreement at a more senior level, but
GE Aviation shall have the final decision authority,

 

(B)             
any decision or action associated with installation design manuals for GE Aviation-supplied hardware for LM Products shall
be led by GE Aviation, with at least one ‎(1) representative from ADGTJV having the right to provide input, provided that
if a PCB cannot reach unanimous agreement then the issue will be escalated within the organizations to attempt to reach an agreement
at a more senior level, but GE Aviation shall have the final decision authority, and

 

(C)             
any decision or action associated with the overall package and turbine integration of LM Products, and associated package
and integration Technology, shall be led by ADGTJV, with at least one ‎(1) representative from GE Aviation having the right
to provide input; provided that, to the extent a formal program control process does not exist at ADGTJV, then ADGTJV shall provide
necessary updates to GE Aviation on the package development and provide GE Aviation with an opportunity to provide comment, provided
that if a PCB cannot reach unanimous agreement then the issue will be escalated within the organizations to attempt to reach an
agreement at a more senior level, but ADGTJV shall have the final decision authority.

 

(iv)            
Records. Each PCB shall keep accurate minutes of all meetings to reflect any and all decisions or actions made or
taken. A member of each PCB shall prepare and circulate a draft of the minutes of each meeting. Drafts of such minutes shall be
delivered to the members of such PCB within twenty (20) days after the meeting, and shall be edited and issued in final form as
soon as practical after the meeting, with the approval and agreement of the members of such PCB, as evidenced by their (or their
designee’s) signatures on the minutes. Each PCB shall also keep such other records as it deems appropriate.

 

Section
3.03.     Agreement Implementation.

 

(a)              
Spare Part PO Placement Process.

 

(i)                
The Parties acknowledge that, because the process currently in place between BHGE and GE Power for ordering Spare Parts
is integrated into the GE Aviation material fulfillment process, and such process does not facilitate the implementation of POs
as per this Agreement, there is a need to implement a separation between GE Aviation and ADGTJV and a workable process for the

 

    24

    

    

placement
and acceptance of POs. Accordingly, the Alliance Parties shall work together in good faith to agree to a revised process by no
later than December 31, 2019 (or such other date as mutually agreed by the Alliance Parties) to effectuate the ordering of Spare
Parts under this Agreement. The Alliance Parties shall recommend the revised process to the APCC for approval, or if the APCC
is not yet formed, to the VPs of Product Management of the JV Partners; provided that the revised process shall seek to minimize
costs that each Alliance Party shall have to bear.

 

(ii)             
Given the fact that through the current process, there is no issuance of a purchase order, and given ‎Section 7.02(b)(i),
both Alliance Parties acknowledge that until the revised process under ‎Section 7.02(b)(i) is implemented, GE Aviation’s
obligations will be based on the terms of the GE Aviation Supplemental Terms and the requirements set forth in written work orders
issued between the Alliance Parties. GE Aviation shall work in good faith to deliver Spare Parts as if a PO had been in effect,
provided that GE Aviation’s obligation to pay damages shall be suspended until the new PO process is implemented, which
shall be no later than one year after the date ADGTJV’s CEO assumes his or her role.

 

(b)              
Spare Parts Storage and Warehousing.

 

(i)                
Due to the fact that the current BHGE and GE Power process for storing and warehousing Spare Parts (and certain LM Products
components) is fully integrated into the GE Aviation material management processes, and such processes and facilities cannot be
maintained in the same manner following the Effective Date, but recognizing that fully separating such processes is a complex
and time consuming process, the Alliance Parties agree that they will work together to mutually agree on a new process or resolution
for the storing and warehousing of such goods, if needed, by no later than December 31, 2019 (or such other date as mutually agreed
by the Alliance Parties). Such new process shall allow for title transfer, care, custody and control and risk of loss for Spare
Parts (and any other LM Products) to occur at delivery as contemplated by any purchase orders issued under the process agreed
through the previous section. The Alliance Parties shall recommend the revised process to the APCC for approval; provided that
the revised process shall seek to minimize costs that each Alliance Party shall have to bear. For the avoidance of doubt, the
Alliance Parties recognize that this will require the establishment of a separate warehousing solution that is not owned or leased
by GE Aviation.

 

    25

    

    

(c)              
Administrative and Management Organization and Costs. The Parties agree to the rights and obligations set forth
in Section 3.03(c) of Schedule 15.

 

ARTICLE
4

TERM AND TERMINATION

 

Section
4.01.     Term. The term of
this Agreement shall commence on the Effective Date and shall continue thereafter until terminated in accordance with ‎Section
4.02 or ‎Section 4.03 (the “Term”).

 

Section
4.02.     Termination Events.

 

(a)              
Mutual Agreement. This Agreement may be terminated upon the mutual written agreement of the Alliance Parties.

 

(b)              
Bankruptcy; Insolvency. Subject to and without limiting Section 4.02(e), any Party may terminate this Agreement
immediately by written notice to the other Parties upon the occurrence of any of the following events: (i) another Party is or
becomes insolvent or unable to pay its debts as they become due within the meaning of the United States Bankruptcy Code (or any
successor statute) or any analogous foreign statute; (ii) another Party appoints or has appointed a receiver for all or substantially
all of its assets, or makes an assignment for the benefit of its creditors; (iii) another Party files a voluntary petition under
the United States Bankruptcy Code (or any successor statute) or any analogous foreign statute; or (iv) another Party has filed
against it an involuntary petition under the United States Bankruptcy Code (or any successor statute) or any analogous foreign
statute, and such petition is not dismissed within ninety (90) days.

 

(c)              
Liquidation or Dissolution of ADGTJV. This Agreement shall automatically terminate upon liquidation or dissolution
of ADGTJV.

 

(d)              
Material Breach.

 

(i)                
Subject to and without limiting ‎Section
4.02‎(e), in the event of a material breach by a Party
(the “Breaching Party”), any other Party (a “Non-breaching Party”) shall provide written
notice to the Breaching Party as soon as reasonably practicable after the Non-breaching Party becomes aware of the occurrence
of such material breach, which notice shall contain a description of such material breach in reasonable detail (a “Notice
of Material Breach”). The failure or delay of a Non-breaching Party in delivery of a Notice of Material Breach shall
not be deemed a waiver of any rights of such Non-breaching Party unless and to the extent such failure or delay materially and
adversely affects the Breaching Party’s ability to cure such material breach.

 

(ii)             
The Breaching Party shall have the automatic right during the ninety (90) day period following receipt of a Notice of Material
Breach to cure such material breach (the “Initial Cure Period”). Any efforts by the Breaching Party to cure
shall not be deemed an admission that the Breaching Party has committed a material breach. If the Breaching Party has promptly
and diligently

 

    26

    

    

taken
reasonable steps to cure but such cure has not been completed within the Initial Cure Period, then the period to cure shall be
extended for a commercially reasonable time not to exceed a further thirty (30) days to enable such cure to be completed (the
“Extended Cure Period”), provided that, the cure period shall not be extended if, notwithstanding all reasonable
efforts, such cure could not be effected within the Extended Cure Period.

 

(iii)   
        If the Breaching Party disputes that a material breach has occurred, or if a cure is
not possible within the Initial Cure Period (or, if applicable, the Extended Cure Period), then senior management representatives
of the Parties shall meet, no later than fifteen (15) days following delivery of written notice from one Party to the other Parties
requesting such meeting, to attempt to resolve such Dispute. The Parties agree to use all reasonable efforts to fully resolve
the Dispute and to find a cure within the Initial Cure Period (or, if applicable, the Extended Cure Period). The Parties may extend
the duration of such dispute resolution proceedings for such period of time as may be mutually agreed in writing. If the Parties
have not resolved such Dispute by the end of thirty (30) days following the written notice requesting a dispute resolution meeting
of senior management, then a Non-breaching Party may terminate this Agreement by delivering written notice to such effect to the
Breaching Party (the “Notice of Termination”), but the Breaching Party shall be entitled to commence a Dispute
under the applicable dispute resolution clause herein to determine if a material breach has occurred. Termination shall be without
prejudice to any other rights or remedies to which any Party may be entitled under this Agreement or applicable Law.

 

(iv)            
If the termination is due to GE Aviation’s material breach, if so specified by ADGTJV, upon a Notice of Termination
of this Agreement, GE Aviation shall promptly stop work under any POs outstanding as of such notice date as directed in the notice.

 

(v)              
 If the termination is due to ADGTJV’s material breach, GE Aviation shall have the right to promptly stop work under
any POs outstanding as of such notice date and ADGTJV shall not place further subcontracts/orders in respect of any such outstanding
POs.

 

(vi)            
This Agreement may not be terminated for any reason other than as expressly set forth in this ‎Section 4.02.

 

(e)              
Notwithstanding anything to the contrary in this Agreement, (i) GE Aviation shall have no right to terminate
this Agreement or GE Aviation’s exclusive supplying commitment with respect to the BHGE Field of Use hereunder (including,
for the avoidance of doubt, ‎ARTICLE 5 and ‎ARTICLE 6 hereof) as a result of any material breach by or directly
or indirectly caused by GE Power, and (ii) GE Power shall have no right to terminate this Agreement as a result of any material
breach by or directly or indirectly caused by GE Aviation, in each case so long as GE Power and GE Aviation are under common control
(as control is defined in the definition of “Affiliate”) at the time of the relevant breach or action by GE Power
or GE Aviation, as applicable.

 

    27

    

    

(f)               
Breaches of POs. For the avoidance of doubt, the breach of a PO shall not automatically constitute a breach of this
Agreement, provided that such breach may still give rise to other relief. However, GE Aviation may terminate this Agreement upon
notice to ADGTJV: (i) for material and chronic breaches of the POs by ADGTJV that ADGTJV has not cured within one hundred eighty
(180) days following written notice of default from GE Aviation, or (ii) default by ADGTJV of its payment obligations under any
PO or POs, for amounts not subject to a good faith dispute, individually or in the aggregate, in excess of fifty million U.S.
Dollars ($50,000,000).

 

Section
4.03.     LM Product Line Termination
Upon Production Cessation.

 

(a)              
Subject to ‎Section 4.03(b) and ‎Section 4.03(c) and without prejudice to any other clauses in this
Agreement, GE Aviation shall not have an obligation to provide engines of an LM Product Line if (a) any LM Product Line has not
been delivered for a period of twelve (12) consecutive months (so long as such one (1) year period has not expired due to delivery
delays caused by GE Aviation) (the end of such period, an “End of Production Date”), and (b) GE Aviation sends
ADGTJV a request to terminate engine production on such LM Product Line, and (c) ADGTJV consents in writing to such termination,
provided that ADGTJV shall reasonably and promptly consider GE Aviation’s request.

 

(b)              
If ADGTJV wishes to restart an LM Product Line terminated in accordance with the above, it may make a request of the APCC
as set forth in ‎Section 3.02(b)(i)(L). Should GE Aviation restart the LM Product Line previously ceased, all rights
and obligations under this Agreement shall be reinstated.

 

(c)              
For any LM Product Line terminated in accordance with the above, GE Aviation shall continue to support and fulfill POs
for Spare Parts, Repairs and Engineering Services issued by ADGTJV in accordance with this Agreement for a period of twenty-five
(25) years following the relevant End of Production Date. If ADGTJV has a substantial need to extend such period for Spare Parts,
Repairs or Engineering Services, the APCC may grant an extension of such period in accordance with ‎Section 3.02(b)(i)(M).

 

Section
4.04.     Effects of Expiration or
Termination.

 

(a)              
Tooling Purchase Option Upon Termination. Following any termination of this Agreement (other than termination by
GE Aviation pursuant to ‎Section 4.02(c) or ‎Section 4.02(d) for material breach by ADGTJV), GE Aviation
shall notify ADGTJV in writing if GE Aviation intends to sell any tooling assets that GE Aviation owns and that is associated
with assembly and/or testing of the LM Product Lines outside of the sale of the associated GE Aviation business. ADGTJV shall
then have a right, exercisable by written notice to GE Aviation within sixty (60) days following receipt of GE Aviation’s
notice, to purchase such tooling. If ADGTJV exercises such right to purchase such tooling, the Alliance Parties shall negotiate
in good faith for a period of one hundred and twenty (120) days with respect to the price and other terms in connection with such
sale. If the Alliance Parties are unable to enter into such an agreement, then GE Aviation may thereafter pursue such sale to
any third party. ADGTJV may assign the foregoing right to one of the JV Partners prior to a liquidation or dissolution of ADGTJV.

 

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(b)              
Other Effects of Expiration or Termination.

 

(i)                
Except as set forth in ‎Section 4.05, expiration or termination of this Agreement shall terminate any and all
rights and obligations hereunder; provided that the expiration or earlier termination of this Agreement shall not relieve any
Party of any of its rights or liabilities arising prior to or upon such expiration or earlier termination or for POs under execution.

 

(ii)             
The acceptance of any PO from, or the sale or provision of any LM Products, Spare Parts or Services to, ADGTJV after the
expiration or termination of this Agreement shall not be construed as a renewal or extension hereof, nor as a waiver of termination,
but in the absence of a written agreement signed by one of the authorized representatives of GE Aviation herein, all such transactions
shall be governed by provisions identical to the provisions of this Agreement.

 

(iii)           
Except as set forth in ‎Section 4.05, each Party shall promptly, but in no event greater than within thirty
(30) days, return all Confidential Information of the other applicable Parties or their Affiliates that is in such Party’s
or its Affiliates’ possession and control, subject to any rights such Party and its Affiliates may rightfully possess to
the same hereunder.

 

Section
4.05.     Survival. On any
expiration or termination of this Agreement, the following provisions shall survive in full force and effect: ‎ARTICLE
1 (Definitions); ‎Section 1.01; ‎Section 4.04 (Effects of Expiration or Termination); ‎Section
6.02 (Background IP) with respect to the provisions set forth in such section that expressly survive; ‎Section 6.03
(Foreground IP); ‎Section 6.04(f) (Technology Deliverables); ‎Section 6.05(j) (Access to Engineering
Tools – Security and Audit Rights); ‎Section 6.05(n) (Access to Engineering Tools – Residual Uses); ‎Section
6.06 (Third Party Licenses); ‎Section 6.07 (Section 365(n) of the Bankruptcy Code); ‎Section 6.09 (Reservation
of Rights); ‎Section 6.13 (Prosecution and Maintenance); ‎Section 6.14 (Third Party Infringements, Misappropriations
and Violations); ‎Section 6.17 (Embedded Software License); ‎Section 7.02(a) (Terms and Conditions of Purchase);
‎Section 7.05 (Lump Sum Payment); ‎ARTICLE 8 (Allocation of Liability); and ‎ARTICLE 9 (General
Provisions). Expiration or termination of this Agreement shall not affect any rights or liabilities which have accrued prior to
expiration or termination. In addition, any payment obligations that have accrued under this Agreement at the time of such expiration
or termination shall remain in full force and effect until they are satisfied in full.

 

ARTICLE
5

EXCLUSIVITY

 

Section
5.01.     ADGTJV Exclusive Purchasing
Commitment. During the Term and subject to ‎Section 5.04, ADGTJV, directly or through its Affiliates, shall
purchase from or through GE Aviation, as its sole supplier, one hundred percent (100%) of their requirements for Exclusive Products/Services
for the JV Field of Use. Subject to the exceptions referenced above, ADGTJV and the JV Partners expressly covenant and agree on
behalf of themselves and their Affiliates that, during the Term, they will not obtain Exclusive Products/Services from any

 

    29

    

    

source
other than GE Aviation and will not provide Exclusive Products/Services other than for the JV Field of Use.

 

Section
5.02.     GE Aviation Exclusive Supplying
Commitment. During the Term and subject to ‎Section 5.05, GE Aviation, and its Affiliates acting on its behalf,
shall sell to ADGTJV the Exclusive Products/Services ordered by ADGTJV under and pursuant to the terms of this Agreement as GE
Aviation’s sole third party customer for the Exclusive Products/Services for the JV Field of Use. For the avoidance of doubt,
Engineering Services, other than those captured in the definition of Exclusive Products/Services, that are provided by GE Aviation
to ADGTJV and covered by the terms of this Agreement shall be provided on a non-exclusive basis (and shall also be subject to
the terms of the exclusive license grants in ‎ARTICLE 6).

 

Section
5.03.     Rights Regarding New Engines.

 

(a)              
If any Party or any of its Affiliates intends to (i) develop a new engine (including derivatives) for the BHGE Field of
Use or the Power Field of Use that neither GE Aviation nor either of the JV Partners makes as of the Effective Date in a particular
Power Class, or (ii) procure a competing engine for the BHGE Field of Use or the Power Field of Use in a particular Power Class,
whether independently or with or through a third party, then GE Aviation or ADGTJV (on behalf of such JV Partner), as applicable,
shall first provide the APCC with notice of such intention for discussion in good faith to determine if ADGTJV, or either of the
JV Partners, can reach agreement with GE Aviation in a reasonable timeframe on terms (including funding) on which they, jointly
or collectively, would pursue such new engine opportunity as set forth in ‎Section 5.03(b)(i) and ‎Section 5.03(b)(ii)
below.

 

(b)              
If GE Aviation and ADGTJV or a JV Partner do not reach agreement within six (6) months of such notice, then the Party seeking
to pursue such new engine opportunity can pursue such new engine opportunity independently of the other Parties, if and only if:

 

(i)                
In the case where GE Aviation is the Party pursuing the new engine opportunity, (A) such new engine opportunity would require
more than seventy-five million U.S. dollars ($75,000,000) in total development and procurement costs, and (B) at least sixty percent
(60%) of the total product cost (based on the estimated cost of the fiftieth (50th) production unit) of the new engine is attributable
to engine parts not present in any LM Product Line as of the date of such notice. Under such circumstances, such new engine opportunity
would thereafter be deemed outside the scope of this Agreement such that this Agreement would not apply to such new engine opportunity
except for Intellectual Property addressed in a Technology Development Program Plan under ‎ARTICLE 6.

 

(ii)             
In the case where ADGTJV or a JV Partner is the Party pursuing the new engine opportunity, such new engine opportunity
would require more than fifty million U.S. dollars ($50,000,000) in total development and procurement costs, or ADGTJV or the
JV Partners procures a competing engine

 

    30

    

    

for
use in the JV Field of Use. Under such circumstances, any sales of such new engine would contribute to the denominator of the
applicable Engine Unit Proportion for BHGE Field of Use or Engine Unit Proportion for Power Field of Use.

 

Section
5.04.     Termination of ADGTJV Exclusive
Purchasing Commitment. Without prejudice to any other rights or remedies to which ADGTJV may be entitled under this Agreement
or applicable Law, including the right to seek damages, specific performance and injunctive relief in accordance with this Agreement,
upon written notice to GE Aviation, ADGTJV shall no longer be bound by ‎Section 5.01 for a particular Power Class (but
not any other Power Class) if:

 

(a)              
GE Aviation materially and chronically defaults on delivery obligations for the Exclusive Products/Services in such Power
Class and is not able within one hundred eighty (180) days to develop a plan to cure following written notice of default from
ADGTJV; or

 

(b)              
GE Aviation materially breaches its supply commitment under ‎Section 5.02.

 

Section
5.05.     Termination of GE Aviation
Exclusive Supply Commitment. Upon written notice to ADGTJV, GE Aviation shall no longer be bound by its exclusive supply
obligations under Section 5.02 for the specific Power Class and relevant BHGE Field of Use or Power Field of Use if any
one of the following occurs, as follows:

 

(a)              
As set forth in Section 5.05(a) of Schedule 15:

 

(b)              
As set forth in Section 5.05(b) of Schedule 15:

 

(c)              
As set forth in Section 5.05(c) of Schedule 15.

 

(d)              
For the JV Field of Use and all Power Classes, ADGTJV materially breaches its purchasing commitment under Section 5.01.

 

(e)              
As set forth in Section 5.05(e) of Schedule 15.

 

(f)               
As set forth in Section 5.05(f) of Schedule 15.

 

 

    31

    

    

 

Section
5.06.     Change of Control of ADGTJV.

 

(a)              
If one of the JV Partners acquires (directly or indirectly) any or all of ADGTJV’s interests of the other JV Partner,
(A) ADGTJV would retain exclusivity in the remaining JV Partner’s Exclusive Field of Use, and (B) the exclusive supply obligations
under ‎Section 5.02 and exclusive licenses granted under ‎ARTICLE 6 would become non-exclusive for sales
into the selling JV Partner’s Exclusive Field of Use (i.e., both Aviation and the remaining JV Partner could sell into the
exiting JV Partner’s Exclusive Field of Use).

 

(b)              
If a GEA Competitor acquires (whether directly from ADGTJV or from one or more of the JV Partners) more than twenty percent
(20%) of ADGTJV, GE Aviation may terminate the exclusive supply obligations under ‎Section 5.02 and exclusive licenses
granted under ‎ARTICLE 6 would become non-exclusive for all Exclusive Fields of Use (i.e., both Aviation and the remaining
JV Partner would be entitled to sell into the exiting JV Partner’s Exclusive Field of Use).

 

(c)              
Upon the occurrence of a Change in Control of one of the JV Partners, (A) ADGTJV would retain exclusivity in the Exclusive
Field of Use of the unaffected JV Partner, and (B) GE Aviation may terminate the exclusive supply obligations under ‎Section
5.02 and exclusive licenses granted under ‎ARTICLE 6 would become non-exclusive in the Exclusive Field of Use of
the JV Partner that has had such Change in Control (i.e., both Aviation and the remaining JV Partner would be entitled to sell
into the exiting JV Partner’s Exclusive Field of Use).

 

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For the
avoidance of doubt, a Change in Control shall not affect or otherwise terminate the exclusive purchase commitment of ADGTJV. Unless
otherwise set forth in this Agreement, all other terms of this Agreement shall continue to apply.

 

ARTICLE
6

DEVELOPMENT PROGRAMS AND INTELLECTUAL PROPERTY

 

Section
6.01.     Development Programs.

 

(a)              
Legacy NPIs. The Parties agree that  Schedule 10 sets forth:

 

(i)                
the Technology Development Program Plans for the Legacy NPIs and NTIs;

 

(ii)             
the designation of ADGTJV Foreground IP, BHGE Foreground IP, GE Power Foreground IP, GE Aviation Foreground IP and Joint
Foreground IP for Legacy NPIs and NTIs; and

 

(iii)           
the Technology Deliverables for each such Legacy NPIs and NTIs.

 

(b)              
Engineering Programs. If at any time either of the Alliance Parties anticipate that the labor costs to ADGTJV of
any Engineering Services project not already covered by a Technology Development Program Plan will exceed five million dollars
($5,000,000), notice shall be provided to the other Alliance Party and the Alliance Parties shall execute a Technology Development
Program Plan that addresses ownership and license rights of Foreground IP for that project, which may deviate from the allocation
of rights pursuant to ‎Section 6.03(a)(ii). If any Engineering Services have already commenced, such Engineering Services
shall stop when such limit is reached unless and until such Technology Development Program Plan is executed, unless continuation
of the work is otherwise authorized in writing by the Alliance Managers. GE Aviation will provide reasonable advance notice of
anticipated work stoppage. GE Aviation shall not have any liability or obligations under this Agreement resulting from such a
work stoppage, including in connection with the Supply Program relating to such Engineering Services (including pursuant to ‎Section
7.02(b)), until such Technology Development Program is executed by the Alliance Parties. Either Alliance Party may also demand
a Technology Development Program Plan to be executed for projects under five million dollars ($5,000,000).

 

(c)              
 Records and Reports. Each Party shall maintain records in sufficient detail to enable one skilled in the art to
understand the nature of the work and properly reflect all work done and results achieved in the performance of a Development
Program (including all data in the form usually maintained by such Party). Upon reasonable request of one Party and in compliance
with this Agreement, the other Parties shall provide a copy of such records to the extent reasonably necessary to demonstrate
its performance of its obligations under this Agreement; provided that each Party shall maintain Confidential Information of the
other Party contained in such records in confidence in accordance with the protection of Confidential Information as set forth
in Section 9.08 and shall not use such records or Confidential Information except to the extent permitted by this Agreement.

 

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(d)              
In the event of a conflict between the rules for allocating ownership and/or licensing of Foreground IP, the following
order of precedence shall prevail:

 

(i)                
a Technology Development Program Plan; and

 

(ii)             
the terms of this Agreement.

 

Section
6.02.     Background IP.

 

(a)              
GE Aviation Background Intellectual Property.

 

(i)                
Ownership. As between the Parties, GE Aviation shall own and control all GE Aviation Background IP.

 

(ii)             
License of GE Aviation Background IP to ADGTJV.

 

(A)            
Subject to the terms and conditions of this Agreement and as part of the consideration of this Agreement (with no other
payment due), GE Aviation hereby grants to ADGTJV and the JV Partners a perpetual, irrevocable, worldwide, sublicensable (solely
in accordance with ‎Section 6.02(a)(ii)(D)) right and license under the GE Aviation Background IP solely as necessary
for ADGTJV and the JV Partners to (x) sell, package and maintain, and provide services (other than repair services) for, LM Products
sold by GE Aviation to ADGTJV and the JV Partners, respectively, hereunder and using GE Aviation Background IP and (y) sell and
perform repairs for such LM Products to the extent ADGTJV or such JV Partner is authorized to do the same in accordance with ‎Section
7.09 and ‎Section 7.10.

 

(B)             
Such license shall be effective as of December 1, 2018 and shall be exclusive in the JV Field of Use on and after such
date for the duration and extent of ADGTJV’s exclusivity under ‎ARTICLE 5, except as follows:

 

(1)              
if ADGTJV’s purchase commitment obligations pursuant to ‎ARTICLE 5 expire with respect to a specific Power
Class, then the license rights granted pursuant to this ‎Section 6.02(a) shall thereafter become non-exclusive with
respect to such Power Class; and

 

(2)              
where GE Aviation is permitted to pursues a new engine opportunity pursuant to ‎Section 5.03(b)(i), then the
license rights granted pursuant to this ‎Section 6.02(a) that cover such new engine and associated components thereof
shall thereafter become non-exclusive.

 

For
the avoidance of doubt, from December 1, 2018 until the Effective Date, such license shall be solely in the BHGE Field of Use
as to BHGE and solely in the Power Field of Use as to GE Power.

 

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(C)             
Following expiration or termination of this entire Agreement, the license rights granted pursuant to this ‎Section
6.02(a) shall survive as to products already sold during the Term, but shall otherwise cease such that GE Aviation will be
free to exploit GE Aviation Background IP in any and all Power Classes and fields of use.

 

(D)            
ADGTJV and the JV Partners shall also have the right to sublicense the foregoing license rights to third party vendors,
solely as strictly necessary to have-made packaging products and industrialized parts, and for installation, maintenance and repair
services (in the case of industrialized parts and repair services, to the extent ADGTJV is permitted to use third party vendors
for such parts and repairs under ‎Section 7.09 or ‎Section 7.10), and in each case solely in accordance
with the scope of the license grant from GE Aviation pursuant to this ‎Section 6.02(a), and subject to the purchase
commitment obligations in ‎ARTICLE 5; provided that, ADGTJV and each of the JV Partners shall remain liable (jointly
and severally) to GE Aviation for any breach of the license conditions by such third party vendors. Notwithstanding the foregoing,
if such liability is solely attributable to one of the JV Partners or its third party vendors, then such JV Partner shall be solely
liable.

 

(E)             
Notwithstanding any of the foregoing license grants, GE Aviation shall retain the right to use GE Aviation Background IP
to fulfill its existing obligations between GE Aviation (including its Affiliate, GE Avio S.r.l.) and ADGTJV or any JV Partner
pursuant to any agreements existing as of the Signing Date.

 

(b)              
JV Partner Background IP.

 

(i)               Ownership.
As between the Parties, the applicable JV Partner shall own and control its JV Partner Background IP. “BHGE Background IP”
and “GE Power Background IP” identified on Schedule 10 shall be deemed JV Partner Background IP of the respective
JV Partner for the purposes of this Agreement.

 

(ii)             
License of JV Partner Background IP to GE Aviation.

 

(A)            
Subject to the terms and conditions of this Agreement, each of the JV Partners, on behalf of themselves and their Affiliates,
hereby grants to GE Aviation and its Affiliates an irrevocable, worldwide, exclusive (in accordance with this Section) right and
license under the JV Partner Background IP solely as necessary for GE Aviation and its Affiliates to:

 

(1)              
sell, package, maintain and provide services and repairs for products that use JV Partner Background IP in the Licensed
Aviation Field of Use and

 

(2)              
sell, package, maintain and provide aero-derivative products and services that use both (a) hardware supplied by ADGTJV
or

 

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a
JV Partner under a supply agreement and (b) JV Partner Background IP in the Marine Field of Use.

 

(B)             
Such licenses shall be exclusive in the Licensed Aviation Field of Use and Marine Field of Use, respectively, for the duration
and extent of GE Aviation’s supply commitment obligations under ‎ARTICLE 5. If GE Aviation’s supply commitment
obligations pursuant to ‎ARTICLE 5 terminates with respect to a specific Power Class, then the license rights granted
pursuant to this ‎Section 6.02(b) shall thereafter become non-exclusive as to that Power Class in the Licensed Aviation
Field of Use and the Marine Field of Use. Following termination of this Agreement, the license rights granted pursuant to this
‎Section 6.02(b) shall survive as to products already sold during the Term, but shall otherwise cease such that ADGTJV
and the JV Partners shall be free to exploit JV Partner Background IP in any and all Power Classes and fields of use.

 

(C)             
GE Aviation shall have the right to sublicense the foregoing license rights under this ‎Section 6.02(b) to third
party vendors, solely as strictly necessary to have-made packaging products (but not parts) and installation and maintenance services,
and solely in accordance with the scope of the license grant from ADGTJV pursuant to this ‎Section 6.02(b) and subject
to the supply commitment obligations in ‎ARTICLE 5; provided that, GE and GE Aviation shall remain liable (jointly
and severally) to the JV Partners for any breach of the license conditions by such third party vendors.

 

(c)              
Cooperation with respect to Designated Agreements. GE Aviation, BHGE and GE Power will work together in good faith
to obtain amendments to the licenses set forth in the Designated Agreements as necessary to allow GE Aviation to fulfill its supply
commitments and other obligations hereunder and so that the licenses granted under this Agreement, and the ability of ADGTJV to
operate its business, are not limited by the scope of the licenses set forth in the Designated Agreements. In the event such amendments
are not obtained and, as a result thereof, GE Aviation is not able to supply LM Products and Spare Parts hereunder, GE Aviation
shall not incur any liquidated damages under Section 7.02(b). For avoidance of doubt, nothing herein shall be construed
as an admission that any of the rights subject to the Designated Agreements are used in or necessary for any supply or licensing
obligations under this Agreement.

 

Section
6.03.     Foreground IP.

 

(a)              
Identification of Owners.

 

(i)                
With respect to the Legacy NPIs and NTIs, Foreground IP is assigned to the Parties as designated in Schedule 10.
The Parties and the respective Affiliates of the foregoing hereby assign to one another any and all right, title and interest
in and to such Foreground IP in accordance with such designation.

 

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(ii)             
Subject to ‎Section 6.01(b) and unless otherwise specified in a Technology Development Program Plan (including,
for the avoidance of doubt, any Technology Development Program Plan set forth on Schedule 10), or as otherwise agreed in writing,
Foreground IP shall be assigned as follows:

 

(A)            
all Foreground IP that incorporates GE Aviation Confidential Information, is a derivative work (it being understood under
that such term as used hereunder has the meaning ascribed to it under U.S. copyright law) of GE Aviation Background IP that constitutes
a work of authorship, or is a modification of, or improvement of any GE Aviation Background IP shall be owned by GE Aviation (“GE
Aviation Foreground IP”);

 

(B)             
all Foreground IP that is the result of a joint collaboration between GE Aviation, on the one hand, and ADGTJV and/or a
JV Partner, on the other hand, shall be jointly owned by the Alliance Parties (“Joint Foreground IP”); and

 

(C)             
all Foreground IP that is neither GE Aviation Foreground IP nor Joint Foreground IP shall be owned by ADGTJV (“ADGTJV
Foreground IP”).

 

(b)              
GE Aviation Foreground IP.

 

(i)                
Ownership. As between the Parties, GE Aviation shall own and control all GE Aviation Foreground IP. ADGTJV, the
JV Partners and the respective Affiliates of the foregoing hereby assign to GE Aviation any and all right, title and interest
in and to the GE Aviation Foreground IP.

 

(ii)             
License of GE Aviation Foreground IP to ADGTJV. Subject to the terms and conditions of this Agreement, as part of
the consideration of this Agreement (with no other payment due), GE Aviation hereby grants to ADGTJV and the JV Partners an irrevocable,
worldwide, sublicensable (solely in accordance with ‎Section 6.03(b)(iii) below) right and license under the GE Aviation
Foreground IP solely as necessary to make, have made, use, sell, package, maintain and provide LM Products, services and repairs
using GE Aviation Foreground IP, subject, in each case, to: (A) the license restrictions regarding GE Aviation Background IP (including
the Technology transfer) set forth in ‎Section 6.02 (to the extent any such GE Aviation Background IP is implicated
in the use of such GE Aviation Foreground IP under this ‎Section 6.03‎(b)‎(ii)), and (B) any
purchase commitment obligations imposed on ADGTJV and/or the JV Partners pursuant to ‎ARTICLE 5. Such license grant
shall (x) be perpetual and exclusive as to ADGTJV and the JV Partners for the JV Field of Use, (y) be non-exclusive outside of
the JV Field of Use, and (z) in all cases shall exclude the Marine Field of Use and the Licensed Aviation Field of Use.

 

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(iii)           
Sublicensing. ADGTJV and the JV Partners shall also have the right to sublicense the foregoing license rights to
third party vendors, solely as strictly necessary to have-made packaging products and industrialized parts, and for installation,
maintenance and repair services (in the case of industrialized parts and repair services, to the extent ADGTJV is permitted to
use third party vendors for such parts and repairs under ‎Section 7.09 or ‎Section 7.10), and in each case
solely in accordance with the scope of the license grant from GE Aviation pursuant to this ‎Section 6.03(b), and subject
to the purchase commitment obligations in ‎ARTICLE 5; provided that, ADGTJV and each of the JV Partners shall remain
liable (jointly and severally) to GE Aviation for any breach of the license conditions by such third party vendors. Notwithstanding
the foregoing, if such liability is solely attributable to one of the JV Partners or its third party vendors, then such JV Partner
shall be solely liable.

 

(iv)            
GE Aviation Not Restricted in Non-Exclusive Fields. For the avoidance of doubt, GE Aviation shall be entitled to freely
exploit the GE Aviation Foreground IP in all non-exclusive fields of use; provided, however, that GE Aviation shall ensure appropriate
contractual limitations are in place with respect to any such license to ensure encroachment into the fields of use for which
exclusivity has been granted under the GE Aviation Foreground IP would clearly be in violation of such license rights.

 

(c)              
ADGTJV Foreground IP.

 

(i)                
Ownership. As between the Parties, ADGTJV or a JV Partner shall own all ADGTJV Foreground IP, as agreed between
the JV Partners. GE Aviation and its Affiliates hereby assign to ADGTJV and/or a JV Partner any and all right, title and interest
in and to the ADGTJV Foreground IP.

 

(ii)             
Exclusive License of ADGTJV Foreground IP to GE Aviation.

 

(A)            
Subject to the terms and conditions of this Agreement and as part of the consideration of this Agreement (with no other
payment due), ADGTJV and each of the JV Partners, as applicable, on behalf of themselves and their Affiliates, hereby grants to
GE Aviation and its Affiliates an exclusive, worldwide right and license under the ADGTJV Foreground IP solely as necessary for
GE Aviation and its Affiliates to (i) sell, package, maintain and provide services and repairs for products that use ADGTJV Foreground
IP in the Licensed Aviation Field of Use and (ii) sell, package, maintain and provide aero-derivative products and services that
use both (a) hardware supplied by ADGTJV or a JV Partner under a supply agreement and (b) ADGTJV Foreground IP in the Marine Field
of Use. Such licenses shall be exclusive in the Licensed Aviation Field of Use and Marine Field of Use, respectively, for the
duration and extent of GE Aviation’s supply commitment obligations under ARTICLE 5. If GE Aviation’s supply
commitment obligations pursuant to ARTICLE 5 terminates with respect to a specific Power Class, then the license rights
granted pursuant to this Section 6.03(c) shall thereafter become non-exclusive with respect to such Power Class. Following
termination of this Agreement, the license rights granted pursuant to this Section 6.03(c) shall survive as to services,
repairs, products or other LM Products and Spare Parts already sold during the Term, but shall otherwise cease such that ADGTJV
and the JV Partners shall be free to exploit ADGTJV Foreground IP in any and all Power Classes or the Licensed Aviation Field
of Use or the Marine Field of Use.

 

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(B)             
GE Aviation shall have the right to sublicense the foregoing license rights under this ‎Section 6.03(c) to third
party vendors, solely as strictly necessary to have-made packaging products (but not parts) and installation and maintenance services,
and solely in accordance with the scope of the license grant from ADGTJV pursuant to this ‎Section 6.03(c) and subject
to the supply commitment obligations in ‎ARTICLE 5; provided that, GE and GE Aviation shall remain liable (jointly
and severally) to ADGTJV for any breach of the license conditions by such third party vendors.

 

(d)              
Joint Foreground IP.

 

(i)               Ownership.
The Alliance Parties shall jointly own an equal and undivided interest in all Joint Foreground IP. Any obligations of an Alliance
Party to provide access to any Technology or Technology transfer to another Alliance Party shall be set forth in an applicable
Technology Development Program Plan. Each Party that is a party to a Technology Development Program Plan hereby assigns to the
applicable Alliance Parties a joint, equal and undivided interest in all right, title and interest in and to the Joint Foreground
IP, subject to the licenses granted in this Section 6.03(d).

 

(ii)             
Exclusive License to ADGTJV. Subject to the terms and conditions of this Agreement, GE Aviation hereby grants ADGTJV
and the JV Partners a perpetual, worldwide, exclusive, sublicensable right and license to use, practice, improve, modify and make
derivative works of the Joint Foreground IP in the JV Field of Use. For the avoidance of doubt, the Parties agree that the
foregoing license does not convey any rights to the GE Aviation Background IP or GE Aviation Foreground IP.

 

(iii)             Exclusive
License to GE Aviation. Subject to the terms and conditions of this Agreement, ADGTJV and the JV Partners hereby grant to
GE Aviation and its Affiliates a perpetual, worldwide, exclusive, sublicensable right and license to use, practice, improve, modify
and make derivative works of the Joint Foreground IP in the Licensed Aviation Field of Use and the Marine Field of Use. For the
avoidance of doubt, the Parties agree that the foregoing license does not convey any rights to the JV Partner Background IP, JV
Partner Foreground IP, or ADGTJV Foreground IP.

 

(iv)             Acknowledgment of Rights of Other Alliance Party to Joint Foreground IP. Subject to the exclusive licenses granted
under ‎Section 6.03(d), each of the Alliance Parties acknowledges and agrees that the other Alliance Party will be
free to fully use, practice, improve, modify and make derivative works of the Joint Foreground IP to the same extent as the other
Alliance Party, without requiring any approval of (including any approval to license), or any notification, reporting, accounting
or payment to, such Alliance Party; so long as such Alliance Party does not inhibit, conflict or interfere, in any way, with the
other Alliance Party’s right to freely use and exploit such Joint Foreground IP as joint owner. Each of the Alliance Parties
acknowledges and agrees that the Joint Foreground IP (other than any patents or published patent applications) shall be deemed
to be Confidential Information of both Alliance Parties, which shall be treated in accordance with ‎Section 9.08 and
subject to the same exceptions in ‎Section 9.08.

 

    39

    

    

 

(v)              
Prosecution and Maintenance of Patents Included in Joint Foreground IP. The cost of obtaining and maintaining any
patents or patent applications included in the Joint Foreground IP shall be shared equally by the Parties. The Parties shall make
the initial decision on whether to seek patent protection on Joint Foreground IP. Either Party, at any time, shall have the right
to decline to participate in the cost of obtaining or maintaining any patent on Joint Foreground IP, and in such event, the nonpaying
Party shall assign, subject to the licenses and rights granted in this Agreement, its ownership interest in such patent to the
Party paying the cost of obtaining or maintaining such patent; provided, however, the non-paying Party shall have a license to
practice the inventions under any such patent to use and practice such patent (a) in the case of ADGTJV as the non-paying Party,
the JV Field of Use and (b) in the case of GE Aviation as the non-paying Party, the Licensed Aviation Field of Use and Marine
Field of Use.

 

(e)              
JV Partner Foreground IP.

 

(i)               Ownership.
As between the Parties, the applicable JV Partner shall own and control its JV Partner Foreground IP.

 

(ii)             
Exclusive License of JV Partner Foreground IP to GE Aviation.

 

(A)            
Subject to the terms and conditions of this Agreement and as part of the consideration of this Agreement (with no other
payment due), each JV Partner, on behalf of itself and its Affiliates, hereby grants to GE Aviation and its Affiliates an exclusive,
worldwide right and license under its applicable JV Partner Foreground IP solely as necessary for GE Aviation and its Affiliates
to (i) sell, package, maintain and provide services and repairs for products that use such JV Partner Foreground IP in the Licensed
Aviation Field of Use and (ii) sell, package, maintain and provide aero-derivative products and services that use both (a) hardware
supplied by ADGTJV or such JV Partner under a supply agreement and (b) such JV Partner Foreground IP in the Marine Field of Use.
Such licenses shall be exclusive in the Licensed Aviation Field of Use and Marine Field of Use, respectively, for the duration
and extent of GE Aviation’s supply commitment obligations under ‎ARTICLE 5. If GE Aviation’s supply commitment
obligations pursuant to ‎ARTICLE 5 terminates with respect to a specific Power Class, then the license rights granted
pursuant to this ‎Section 6.03‎(e) ‎(ii) shall
thereafter become non-exclusive with respect to such Power Class. Following termination of this Agreement, the license rights
granted pursuant to this ‎Section 6.03‎(e) ‎(ii)
shall survive as to services, repairs, products or other LM Products and Spare Parts already sold during the Term, but shall
otherwise cease such that ADGTJV and the JV Partners, as applicable, shall be free to exploit such JV Partner Foreground IP in
any and all Power Classes or the Licensed Aviation Field of Use or the Marine Field of Use.

 

(iii)           
GE Aviation shall have the right to sublicense the foregoing license rights under this ‎Section
6.03‎(e) ‎(ii) to third party vendors, solely as strictly necessary to have-made packaging products (but not parts)
and installation and maintenance services, and solely in accordance with the scope of the license grant from the applicable JV
Partner pursuant to this ‎Section 6.03‎(e) ‎(ii)
and subject to the supply commitment obligations in ‎ARTICLE 5; provided that, GE and GE Aviation shall remain
liable (jointly and severally) to the applicable JV Partner for any breach of the license conditions by such third party vendors. 

 

(f)              
Enforcement of Foreground IP. With respect to the exclusive license rights granted pursuant to this ARTICLE 6
above to Foreground IP, the applicable exclusive licensee thereunder shall have the full right (but not the obligation) to
enforce the applicable Foreground IP in their respective exclusive field of use, for the periods in which such licenses are exclusive.
The other applicable Parties shall reasonably cooperate in such enforcement, including by being a party to any such enforcement
action if required to fully enforce any rights in such Foreground IP. The enforcing parties shall mutually agree on the division
of any applicable fees and costs associated with any such enforcement, as well as any settlement proceeds or judicial awards arising
from any such enforcement.

 

Section
6.04.     Technology Deliverables.

 

(a)               For
each of the LM Product Lines, GE Aviation shall provide the Technology Deliverables set forth in  Schedule 13 to
ADGTJV.

 

(b)               Except
as set forth on  Schedule 13 or as otherwise expressly agreed by the Parties in writing and subject to ‎Section
6.04(a), GE Aviation shall not be obligated to provide the following:

 

(i)                
drawings, material specifications, and manufacturing specifications relating to GE Aviation Background IP or GE Aviation
Foreground IP;

 

    40

    

    

(ii)             
drawings of parts common to GE Aviation flight engines and Legacy LM Product Lines (excluding new product introductions),
which is GE Aviation Background IP;

 

(iii)           
material curves, Design Practices, Design Record Books, mathematical/software models; or

 

(iv)            
any other GE Aviation Background IP (or Technology transfer in connection therewith) unless strictly necessary to employees
of ADGTJV or the JV Partners on a need-to-know basis for (a) use and integration of hardware supplied by GE Aviation with hardware
or packaging of ADGTJV or the JV Partners, unless separately licensed on a case-by-case or LM Product Line-specific basis, or
(b) use by RSP personnel (e.g., as needed for the LM9000).

 

(c)               All
Technology Deliverables set forth on  Schedule 13 shall be considered Confidential Information of GE Aviation, subject
to ‎Section 9.08, and GE Aviation Background IP.

 

(d)               To
the extent required in light of Section 3.03(c)(iv) of Schedule 15 and GE Aviation’s responsibilities
thereunder, ADGTJV will continue to maintain all GE Aviation content provided under Schedule 13 (“GE Aviation
Supplied Content”) for the ICD, cycle decks, IDM, IRM, IRD, RD, Departure Records, Service Bulletins, Operation
Manuals, IPB, drawings, bill of materials, CID, RSS SPM, ESM and other documents provided thereunder (“ADGTJV
Technical Documents”), as ADGTJV does as of the Effective Date. ADGTJV will provide GE Aviation with all ADGTJV
Technical Documents. Other than GE Aviation Supplied Content and GE Aviation Background IP, ADGTJV Technical Documents shall
be considered ADGTJV Confidential and JV Partner Background IP. ADGTJV Technical Documents shall be considered
Confidential Information of ADGTJV, subject to ‎Section 9.08, and licensed to GE Aviation and its Affiliates in
the Licensed Aviation Field of Use and Marine Field of Use.

 

(e)              
In the event that GE Aviation agrees to provide any employees of ADGTJV or JV Partner’s access to GE Aviation drawings,
specifications (as called out on the drawing), and CIDs, on a need-to-know, case-by-case basis, in a manner approved by GE Aviation,
such as using GE Aviation computers, ADGTJV shall cause all users of the foregoing to execute an acknowledgement letter substantially
similar to Schedule 4 (the “End User Confidentiality Acknowledgement”). Notwithstanding the foregoing,
the Parties acknowledge and agree that (i) the End User Confidentiality Acknowledgment is between (A) the employee of
ADGTJV or the applicable JV Partner on the one hand and (B) GE Aviation on the other hand and (ii) nothing in the End
User Confidentiality Acknowledgment is intended to expand or diminish any obligation or liability of ADGTJV or the JV Partners
under this Agreement.

 

(f)               
Each Party’s Confidential Information contained in Technology Deliverables shall remain the property and Confidential
Information of such Party, used solely to further the purposes and rights of this Agreement, and treated according to the Confidentiality
provisions of ‎Section 9.08 provided that, ADGTJV may use or furnish to the JV Partners and the JV Partners may furnish
to their customers, packagers, and suppliers such Technology Deliverables set forth under ‎Section 6.04(a) only as
set forth on Schedule 13 and necessary to

 

    41

    

    

effect
any contract (including purchase orders) under which there is to be performed by ADGTJV or the JV Partners, or by others, routine
installation, operation, or maintenance of LM Products supplied to ADGTJV under this Agreement and GE Aviation is granted third
party beneficiary rights under such contract to enforce such limitations.

 

Section
6.05.   
Access to Engineering Tools.

 

(a)              
Software as a Service Deployment of Engineering Licensed Tools to ADGTJV. Subject to the terms and conditions of
this Agreement, the Engineering Licensed Tools shall be made available for a term beginning on the Signing Date and ending ten
(10) years thereafter to ADGTJV and the JV Partners in a “Software as a Service” model, by means at GE Aviation’s
sole discretion. For example, GE Aviation may grant ADGTJV personnel limited access through a virtual desktop infrastructure (“VDI”)
environment to the Engineering Licensed Tools.

 

(b)              
Use License. Subject to the terms and conditions of this Agreement, GE Aviation (with respect to the Engineering
Tools listed as “GE Aviation Engineering Tools” on Schedule 11) and GE Power (with respect to the Engineering
Tools listed as “GE Power Engineering Tools” on Schedule 11) hereby grant to ADGTJV and the JV Partners for
a term beginning on the Signing Date and ending ten (10) years thereafter (the “Tools Term”) a worldwide, non-transferable,
non-sublicensable right and license, solely for the Engineering Tools Purpose and as necessary for ADGTJV and the JV Partners
to both (i) use the Engineering Tools Services and (ii) use the Licensed Materials in connection with the Engineering Licensed
Tools. Only those Engineering Licensed Tools as specifically identified in Schedule 11, including any Natural Extensions,
shall be included in such license, except as specifically provided otherwise in this Section 6.05. At all times during
the Tools Term, ADGTJV and the JV Partners shall be provided access to the Engineering Licensed Tools in accordance with Schedule
11 (it being understood that ADGTJV and the JV Partners shall be provided with (A) no less than the levels of content specified
by Schedule 11 as it existed as of the Signing Date, (B) no less than the functionality as it existed as of the Signing
Date, and (C) quality of access (e.g., up time, permissions, similar document format) which quality of access shall in no event
be lesser in quality than enjoyed by either JV Partner as of the Signing Date). For the avoidance of doubt, ADGTJV and the JV
Partners shall not be provided access to (x) any items expressly excluded on Schedule 11 and Schedule 13 (although to the
extent there is any conflict between, on the one hand, any of the terms of Schedule 10, Part A of Schedule 11 and/or
Schedule 13, and, on the other hand, Part B of Schedule 11, the applicable terms of Schedule 10,
Part A of Schedule 11 and/or Schedule 13 shall prevail) and (y) any other engineering design tools or engineering
process tool’s data and datasets that are not set forth on Schedule 10, Schedule 11 and/or Schedule 13.

 

(c)              
Engineering Tools Services and License Limitations.

 

(i)               The
licenses granted are solely for ADGTJV’s and the JV Partner’s use as provided under this Agreement. ADGTJV and
the JV Partners shall comply with the standards, protocols and policies for cybersecurity, data protection, and data security
implemented by GE Aviation for its own business that have been provided prior to the Signing Date to ADGTJV or both of the
JV

 

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Partners
(the “Existing Policies”) and any modifications thereto or any additional standards, protocols and policies
for cybersecurity, data protection, and data security, in each case implemented by GE Aviation for its own business that have
been or are provided to ADGTJV or both of the JV Partners from time to time with notice in accordance with Section 9.02 (the “Modifications”
and collectively with the Existing Policies, the “Policies”). ADGTJV and the JV Partners shall use reasonable
efforts to implement the Policies as soon as practicable, and within a reasonable period of time (of not more than ninety (90)
days following the Signing Date with respect to the Existing Policies, and sixty (60) days following delivery of any Modifications
to ADGTJV or both JV Partners with respect to such Modifications). All such use by ADGTJV and the JV Partners shall be in strict
accordance with the Policies and solely in connection with the design, development, manufacture, use, sale, packaging, maintenance,
servicing and repair of ADGTJV’s own products and services, and each JV Partner’s own products and services, for application
other than in the Licensed Aviation Field of Use or Marine Field of Use (the “Engineering Tools Purpose”).
For the avoidance of doubt, such license grants specifically exclude providing access to such Engineering Licensed Tools by unauthorized
third parties via commercial time-sharing, renting, and service bureau services.

 

(ii)             
The Parties agree to the rights and obligations set forth in Section 6.05(c)(ii) of Schedule 15.

 

(iii)           
ADGTJV shall not attempt to derive, decrypt, extract, or otherwise reverse engineer the Source Data for any Engineering
Licensed Tools.

 

(d)               Excluded
Materials. All source code and source materials are excluded from the Engineering Tools Services. Unless expressly
set forth in  Schedule 11 or specifically provided in this ‎Section 6.05, all other Engineering Tools
Content is excluded from the Engineering Tools Services.

 

(e)              
Responsibilities of ADGTJV.

 

(i)                
To ensure proper functioning and access to the Engineering Tools Services, ADGTJV shall be responsible for maintaining
a compatible connection to the GE Aviation VDI environment.

 

(ii)             
ADGTJV shall secure necessary third party licenses and compatible hardware (“Third Party Materials”)
as recommended by GE Aviation to run the Engineering Licensed Tools. The cost of such Third Party Materials shall be borne exclusively
by ADGTJV.

 

(f)               
Tools Maintenance. GE Aviation reserves the right to modify, temporarily or permanently, the Engineering
Tools Services (or parts thereof) provided such modification does not materially diminish the functionality of the Engineering
Tools Services as of the Signing Date.

 

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(i)                
Help Desk Support. GE Aviation shall provide help-desk support at levels consistent with the levels of service GE
Aviation provides to ADGTJV immediately prior to the Signing Date. Such support shall be limited to “break-fix” and
are generally limited to working hours (8-5, EST) consistent with support provided to GE Aviation’s internal customers.

 

(ii)             
Tools Sustainment and Natural Extensions.

 

(A)            
GE Aviation shall continue to develop and augment the Engineering Licensed Tools consistent with GE Aviation’s own
internal needs and functionality and in line with current anticipated usage. As used herein, “Natural Extensions”
shall refer to such developments and augmentations but shall not include substantial improvements to any Engineering Licensed
Tool that materially change the functionality thereof or require substantial changes in the compatibility thereof.

 

(B)             
GE Aviation reserves the right to discontinue, or “sunset” the support of certain Engineering Licensed Tools.
In the event of the sunset of a specific Engineering Licensed Tool utilized by ADGTJV under this ‎Section 6.05, GE
Aviation reserves the right at GE Aviation’s reasonable discretion, to do the following: (a) whenever possible, offer a
replacement tool with substantially the same or similar functionality as the sunset Engineering Licensed Tool, or (b) if option
(a) is not applicable, offer a licensed copy of the sunset Engineering Licensed Tool, including Source Data, along with reasonable
training on how to support the Engineering Licensed Tool moving forward, or (c) with ADGTJV’s agreement, remove the tool
from the Engineering Licensed Tools. GE Aviation shall provide timely information to ADGTJV with as much prior notice as possible,
when it decides to sunset an Engineering Licensed Tool.

 

(g)              
Licensed Materials. GE Aviation shall provide reasonable advance notice to ADGTJV of any material changes to the
content of any of the Licensed Materials. If ADGTJV identifies any material information that is no longer available in any changed
Licensed Materials that it desires to access within a reasonable period of within the applicable change is made, ADGTJV may reasonably
request such content from GE Aviation, and GE Aviation shall provide ADGTJV, with such content.

 

(h)               No
Additional Fees and Term. GE Aviation shall provide the Engineering Tools Services to ADGTJV for a term beginning
on the Effective Date and ending ten (10) years from the Effective Date for no additional fees in consideration for the
rights granted to GE Aviation pursuant to this Agreement. The Parties acknowledge and agree that GE Aviation shall incur
substantial costs (which are estimated in  Schedule 12) as well as requiring the dedication of resources and
Intellectual Property to ADGTJV. Such costs incurred form “goodwill” and value as part of this
Agreement.

 

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(i)                
Warranties and Indemnities.

 

(i)                
Except for the Engineering Licensed Tools maintenance offered in ‎Section 6.05(f), GE Aviation disclaims any
warranties or guarantees related to the Engineering Tools Services.

 

(ii)             
Without limiting any of GE Aviation’s indemnity obligations under this Agreement, GE Aviation shall not be responsible
for the use of any Engineering Tools Services as it relates to ADGTJV’s products, designs, quality, reliability, fitness
for use, or product development.

 

(iii)           
Except to the extent GE Aviation is obligated under ‎Section 6.05‎(j), ‎Section 6.05‎(m),
or ‎Section 6.18 to indemnify, defend or hold harmless ADGTJV or BHGE (or would have had such obligation under ‎Section
6.05‎(m) for a third party claim alleging that the Engineering Licensed Tools or Engineering Tools Services infringed
any third party Intellectual Property if ‎Section 6.05‎(m) applied to infringement of Intellectual Property other
than patents), each of ADGTJV and BHGE shall fully but severally (and not jointly and severally) indemnify and hold harmless GE
Aviation and its Affiliates and their respective directors, officers, and employees (collectively, the “GEA Indemnitees”)
from and against any and all losses, damages, liabilities, costs and expenses (collectively, “Liabilities”)
arising out of any third party claim based on ADGTJV’s or BHGE’s, or their directors’, officers’, and
employees’ (“Tools Users”), respectively, own use of the Engineering Tools Services in connection with
its products or as licensed under this ‎Section 6.05; provided that, ADGTJV’s or BHGE’s indemnification
obligations in accordance with the foregoing as to the Engineering Tools Services, as applicable, shall apply only to the extent
that the GEA Indemnitees have not caused such Liabilities either as a result of any GEA Indemnitee’s (x) breach of this
Agreement or (y) gross negligence or willful misconduct (it being understood that, in such circumstances where the GEA Indemnitees,
on the one hand, and Tools Users, as applicable, on the other hand, have contributed to causing such Liabilities, responsibility
for such Liabilities shall be apportioned between GE Aviation and ADGTJV or BHGE, as applicable, based on their relative contribution
to causing such Liabilities).

 

(iv)            
ADGTJV and each of the JV Partners warrant and agree that they shall comply with the Policies.

 

(j)                
Security and Audit Rights.

 

(i)                
GE Aviation reserves the right to implement security and access management controls on the Engineering Tools Services implemented
by GE Aviation for its own business, including on the VDI environment, such as data loss prevention tools and monitoring. ADGTJV
and the JV Partners acknowledge and agree that they shall comply with all such security controls placed on the Engineering Tools
Services, even if such security controls limit or restrict the usability or responsiveness of the Engineering Tools Services.

 

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(ii)             
Notwithstanding the audit process set forth in ‎Section 7.07(d)(ii), GE Aviation shall have the right to monitor
and audit, as necessary, ADGTJV’s and each JV Partner’s compliance with the terms of this ‎Section 6.05(j),
either by itself or by a designated third party auditor in compliance with applicable laws, and cause ADGTJV and the JV Partners
to correct any non-compliance. ADGTJV and the JV Partners shall secure GE Aviation the right, subject to local law, to transfer
any personal data related to their use of the Engineering Tools Services to the United States and guarantees GE Aviation’s
continued access to personal information of their employees to the extent strictly necessary to monitor and audit their compliance.
GE Aviation shall fully indemnify and hold harmless ADGTJV and BHGE and their respective directors, officer, employees and agents
(collectively, the “ADGTJV Indemnitees”) from and against any and all Liabilities arising out of GE Aviation’s
violation of applicable privacy laws in the performance of the monitoring and audit activities set forth herein.

 

(k)              
Termination of the Engineering Tools License for Breach. Any use of the Engineering Tools Services materially
beyond the licensed scope set forth in this ‎Section 6.05, materially exceeding the number of Authorized Users, or
any attempts to improperly extract the Source Data from any of the Engineering Licensed Tools shall constitute a breach of this
‎Section 6.05. If such breach is not cured within thirty (30) days thereafter, GE Aviation may terminate the license
and rights granted in this ‎Section 6.05. In the event of (i) any third party attack or intrusion of GE Aviation’s
or GE Power’s computer systems or any VDI made available hereunder, or (ii) any provision by or on behalf of ADGTJV or any
JV Partner (including any Tools User) of the Engineering Licensed Tools or the Engineering Licensed Services to or for the benefit
of a third party in violation of this Agreement, that, in each case, would likely result in irreparable harm to GE Aviation (each
of (i) and (ii), a “Security Incident”), then GE Aviation may suspend access to the Engineering Licensed Tools
and Engineering Licensed Services as reasonably necessary to protect GE Aviation in the same manner that GE Aviation would suspend
such access for its own business. Once the Security Incident has been resolved, GE Aviation, ADGTJV, and the JV Partners shall
restore such access as promptly as practicable. For the avoidance of doubt, GE Aviation, ADGTJV and the JV Partners will work
together to mitigate the effects of the Security Incident and resulting suspension on all such parties, including by escalation
to the appropriate individuals at each such Party.

 

(l)                
Termination for Change in Control. If there is (x) a License JV Partner Change in Control or (y) License
ADGTJV Change in Control, then GE Aviation shall have the option to (1) terminate this ‎Section 6.05 as to the JV Partners
or ADGTJV, as the case may be, promptly upon becoming aware of such applicable License JV Partner Change in Control or License
ADGTJV Change in Control; provided that, in the event GE Aviation elects to terminate the license to the Engineering Licensed
Tools under this ‎Section 6.05(l), GE Aviation shall offer in its discretion the applicable successor to the terminated
Party either (A) a license to the Engineering Licensed Tools on terms at least as restrictive as those set forth in this ‎Section
6.05 at an annual cost of eighteen million U.S. dollars ($18,000,000), or (B) Engineering Services at GE Aviation’s
standard rates in connection with the completion of work under any then-existing Technology Development Program Plans plus nine
million U.S. dollars ($9,000,000) per year which services shall continue until the end of the original ten (10) year term.

 

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(m)            
Patent Indemnification Obligation. GE Aviation shall indemnify, defend and hold harmless the ADGTJV Indemnitees
from and against any and all Liabilities incurred by the ADGTJV Indemnitees arising from a third party claim alleging that the
Engineering Licensed Tools or Engineering Tools Services infringe any third party patent. ADGTJV will promptly notify GE Aviation
in writing of such claims and give GE Aviation full authority, information and assistance for the defense and resolution of such
claims. Without limiting GE Aviation’s obligations under ‎Section 6.18, the obligations recited in this ‎Section
6.05(m) constitute the sole and exclusive liability of GE Aviation for actual or alleged Intellectual Property infringement
with respect to the Engineering Licensed Tools or Engineering Tools Services.

 

(n)              
Residual Uses.

 

(i)                
Notwithstanding anything in this Agreement to the contrary, except as expressly set forth in Section 6.05(n)(ii),
but without limiting Section 5.01, the following limited rights in relation to the Engineering Tools shall survive, in
perpetuity, any expiration or earlier termination of the license set forth in Section 6.05(b) or this Agreement (it being
understood that, subject to Section 6.05(m), such rights are provided “as is” without any warranty or indemnity
from GE Aviation):

 

(A)            
ADGTJV and BHGE, respectively, shall be free in perpetuity to use for any purpose that would have been permitted under
Section 6.05(b) through Section 6.05(e) or Section 6.05(j), as applicable, during the Tools Term: (A) any
and all output (including products, repairs, parts, designs, drawings, specifications, schematics and other documentation) created
by or on behalf of ADGTJV or BHGE, respectively, during the Tools Term using the Engineering Tools as permitted under such Sections
(each, an “Output”), and (B) Residuals resulting from access to or work with the Engineering Tools as permitted
under such Sections during the Tools Term; provided that, except as expressly set forth in Section 6.05(n)(ii),
this Section 6.05(n) does not convey any patent rights (it being understood that, notwithstanding anything herein to the
contrary, nothing in this Section 6.05 limits or otherwise diminishes any license rights granted under Section 6.02
or Section 6.03 to ADGTJV or BHGE or under the A&R Cross License Agreement, subject to the Umbrella Agreement).
The term “Residuals” means information in an intangible form, such as general knowledge, ideas, concepts, know-how,
professional skills, work experience or techniques (but not specific implementations) that is retained in the unaided memories
of persons who have had authorized access to the Engineering Tools pursuant to the terms of this Agreement. A person’s memory
is unaided if the person has not knowingly memorized the information or reduced it to a tangible form for the purpose of retaining
and subsequently using or disclosing the information. For clarity, neither ADGTJV nor BHGE will be obligated to limit or restrict
the assignment of such persons or pay royalties for any work resulting from the use of Residuals in accordance with the foregoing
(on account of such use).

 

 

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(B)             
To the extent that any information or materials accessible through
the Engineering Tools Services during the Tools Term (e.g., a library of GE Aviation-created drawings and schematics) are
reasonably necessary for the continued maintenance, repair or servicing of applicable products by or on behalf of ADGTJV or BHGE
after the Tools Term at the same level of quality as during the Tools Term, the parties shall work together in good faith to find
a mutually acceptable means for ADGTJV and BHGE to continue having access to such information and materials.

 

(ii)                
Notwithstanding anything herein to the contrary, if an Authorized User creates any Output for ADGTJV’s or BHGE’s
(or its Affiliates’) components, products or services (“Covered Items”), GE Aviation hereby agrees not
to directly or indirectly commence any proceeding or assert any claim of patent infringement against ADGTJV and/or BHGE (or any
of its Affiliates), or any of their respective customers, suppliers, vendors or other contractors, based on the design, development,
manufacture, use, sale, offer for sale, import, export, packaging, maintenance, servicing or repair, in each case solely with
respect to such Covered Items to the extent that the use of the Engineering Tools induces or is the proximate cause of such infringement
and is outside of the Licensed Aviation Field of Use and the Marine Field of Use. If GE Aviation transfers any patent rights subject
to the foregoing to any third party, such patents rights shall subject to the foregoing, and any transfer of such patent rights
in violation of the foregoing shall be null and void ab initio.

 

(iii)
  If BHGE determines in good faith that it desires a non-exclusive, royalty-bearing license to any patent right relating
to a BHGE product and during the Term sends GE Aviation written notice of such request providing a brief description of the basis
on which such party reasonably believes such patent right would be used by BHGE, GE Aviation shall consider such request and meet
and confer with BHGE in good faith.

 

Section
6.06.     Third Party Licenses.
To the extent that any Intellectual Property licensed under this ‎ARTICLE 6 is owned by a third party, the license
of such Intellectual Property under this Agreement shall be subject to all of the terms and conditions of the relevant agreement
with such third party pursuant to which such Intellectual Property has been licensed to GE Aviation or ADGTJV, as applicable.
The licenses granted in this ‎ARTICLE 6 are subject to, and limited by, any and all licenses, rights, limitations and
restrictions with respect thereto granted to or otherwise obtained by any third party that are in effect as of the Signing Date.

 

Section
6.07.     Section 365(n) of the Bankruptcy
Code. All rights and licenses granted under this Agreement are, and shall otherwise be deemed to be, for purposes of Section
365(n) of the United States Bankruptcy Code (the “Bankruptcy Code”), licenses of rights to “intellectual
property” as defined under Section 101(35A) of the Bankruptcy Code. The Parties shall retain and may fully exercise all
of their respective rights and elections under the Bankruptcy Code.

 

Section
6.08.     Customers. Each Party
agrees that it shall use reasonable efforts to not knowingly bring any legal action or proceeding against, or otherwise communicate
with, any customer of any other Party with respect to any alleged infringement, misappropriation or violation of any Intellectual
Property of such Party to the extent licensed by such Party hereunder based on such customer’s use of any other Party’s
products or services without first providing such other Party written notice of such alleged infringement, misappropriation or
violation.

 

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Section
6.09.     Reservation of Rights.
All rights not expressly granted by a Party hereunder are reserved by such Party. Without limiting the generality of the foregoing,
the Parties expressly acknowledge that nothing contained herein shall be construed or interpreted as a grant, by implication or
otherwise, of any licenses other than the licenses expressly set forth in this ‎ARTICLE 6 or, unless expressly agreed
in a writing executed by the Parties or GE specifically referencing this Agreement.

 

Section
6.10.     Further Assurances.
The Parties shall, and shall cause their respective Affiliates to, execute and deliver such instruments, documents,
and agreements and take such other actions as are necessary to memorialize or perfect the assignments of Intellectual Property
provided for in this Section and to file registrations of, maintenance, enforce or defend such assigned Intellectual Property.

 

Section
6.11.     Access. For the avoidance
of doubt, except as expressly set forth in this ‎ARTICLE 6, Schedule 10, a PO or Technology Development Program
Plan, nothing in this Agreement shall be interpreted as requiring any Party (i) to transfer to any other Party or (ii) to grant
to any other Party access to, in each case of (i) and (ii), technological embodiments (including software) of, or know-how or
Confidential Information related to Intellectual Property, as the case may be.

 

Section
6.12.     Further Assistance.
Each Party hereby covenants and agrees that it shall, at the request and expense of another Party, use commercially reasonable
efforts to assist such other Party in its efforts to obtain any third-party consent, approval or waiver necessary to enable such
other Party to obtain a license to any Intellectual Property that, as of the date of this Agreement and but for the requirements
set forth in ‎Section 6.12, would be the subject of a license granted pursuant to ‎ARTICLE 6 hereunder,
including by using all reasonable efforts to take, or cause to be taken, all appropriate action, do or cause to be done all things
necessary, proper or advisable under applicable Laws and execute and deliver such documents and other papers, including powers
of attorney, as may be required to carry out the provisions of this Agreement and consummate and make effective the transactions
contemplated by this Agreement; provided, however, that such Party shall not be required to seek broader rights or more favorable
terms for such other Party than those applicable to such Party prior to the date hereof or as may be applicable to such Party
from time to time thereafter. The Parties acknowledge and agree that there can be no assurance that any Party’s efforts
will be successful or that another Party will be able to obtain such licenses or rights on acceptable terms or at all.

 

Section
6.13.     Prosecution and Maintenance.
Other than with respect to Joint Foreground IP, each Party retains the sole right to protect the Intellectual Property solely
owned by such Party at such Party’s sole discretion, including deciding whether and how to file and prosecute applications
to register software, patents, copyrights (including in software) and mask work rights included in such Intellectual Property,
whether to abandon prosecution of such applications and whether to discontinue payment of any maintenance or renewal fees with

 

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respect
to any patents. With respect to Joint Foreground IP, the applicable Parties and/or JV Partners shall retain such rights jointly
and make all such decisions jointly; provided that, they may designate one such Party or JV Partner to lead such decisions. All
costs and expenses shall be shared equally by the applicable Parties and/or JV Partners sharing an interest in any Joint Foreground
IP.

   

Section
6.14.     Third Party Infringements,
Misappropriations and Violations. Each Party shall promptly notify the other Parties in writing of any actual or possible
material infringement, misappropriation or other violation by a third party of any Intellectual Property of any other Party being
licensed hereunder that comes to such first Party’s attention. Such first Party shall also promptly notify the other Parties
of the identity of such third party and any evidence of such infringement, misappropriation or other violation within such first
Party’s custody or control that such first Party is reasonably able to provide. The Party having exclusive rights in a field
during any period (“First Party”) shall have the sole right to determine whether any action shall be taken
in response to such infringements, misappropriations or other violations at such First Party’s sole discretion in such field
during such period. The other Parties shall reasonably cooperate in such enforcement, including joining as required as a necessary
party to any such action. The First Party (and any other Party if such other Party joins such action) shall agree on the division
of all recoveries and costs associated with any such enforcement as well as any settlement proceeds or judicial awards arising
from such enforcement.

 

Section
6.15.     Abandonment of Foreground
IP.

 

(a)              
GE Aviation shall provide reasonable notice to ADGTJV at least thirty (30) days prior to any intentional abandonment by
GE Aviation of any patent owned by GE Aviation or one of its Affiliates and included in the GE Aviation Foreground IP (the “GE
Aviation Option Patents”), provided that, in no event shall any sale, conveyance, assignment, lease, license or other
transfer of any GE Aviation Option Patent be construed as an abandonment of such GE Aviation Option Patent under this ‎Section
6.15, and (2) the opportunity for ADGTJV, by providing GE Aviation with written notice within seven (7) days of receiving
such notice from GE Aviation, to obtain ownership of any such GE Aviation Option Patent for no additional cost or expense but
subject to ADGTJV’s obligation to bear all costs and expenses of prosecution, maintenance, and enforcement or otherwise
in connection with such GE Aviation Option Patent thereafter. In the event that ADGTJV timely elects to obtain such ownership
with respect to any such GE Aviation Option Patents, then (a) GE Aviation and/or its Affiliates, as applicable, shall execute
all documents reasonably requested and necessary to transfer all of GE Aviation’s right, title and interest in such GE Aviation
Option Patents to ADGTJV and/or one of its Affiliates, as applicable, and all out-of-pocket costs associated with recordations
of such assignments shall be at ADGTJV’s sole expense, and (b) upon assignment of such GE Aviation Option Patents, such
GE Aviation Option Patents shall be deemed to be licensed to GE Aviation under this Agreement as ADGTJV Foreground IP. If ADGTJV
does not exercise the option to obtain such ownership within the foregoing seven (7) day period, GE Aviation and its Affiliates
may abandon the GE Aviation Option Patents.

 

(b)              
ADGTJV shall provide reasonable notice to GE Aviation at least thirty (30) days prior to any intentional abandonment by
ADGTJV of any patent owned by ADGTJV or a JV Partner included in the ADGTJV Foreground IP (the “ADGTJV Option Patents”),

 

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provided
that, in no event shall any sale, conveyance, assignment, lease, license or other transfer of any ADGTJV Option Patent be construed
as an abandonment of such ADGTJV Option Patent under this ‎Section 6.15, and (2) the opportunity for GE Aviation, by
providing ADGTJV with written notice within seven (7) days of receiving such notice from ADGTJV, to obtain ownership of any such
ADGTJV Option Patent for no additional cost or expense but subject to GE Aviation’s obligation to bear all costs and expenses
of prosecution, maintenance, and enforcement or otherwise in connection with such ADGTJV Option Patent thereafter. In the event
that GE Aviation timely elects to obtain such ownership with respect to any such ADGTJV Option Patents, then (a) ADGTJV and/or
its Affiliates, as applicable, shall execute all documents reasonably requested and necessary to transfer all of ADGTJV’s
right, title and interest in such ADGTJV Option Patents to GE Aviation and/or one of its Affiliates, as applicable, and all out-of-pocket
costs associated with recordations of such assignments shall be at GE Aviation’s sole expense, and (b) upon assignment,
such ADGTJV Option Patents shall be deemed to be licensed to ADGTJV under this Agreement as GE Aviation Foreground IP. If GE Aviation
does not exercise the option to obtain such ownership within the foregoing seven (7) day period, ADGTJV and/or the JV Partners
may abandon the ADGTJV Option Patents.

 

Section
6.16.     Cooperation Regarding Restrictions
and Limitations Applicable to Licensed Intellectual Property. Each Party, at the request of another Party, agrees to
use commercially reasonable, good-faith efforts to provide such other Party such copies of agreements (subject to any confidentiality
restrictions that would prevent disclosure of such agreements) or other information (including summaries of the applicable limitations)
that are sufficient to inform such other Party about any limitations or restrictions on the use of the Intellectual Property licensed
to it hereunder, as applicable, or other specific Intellectual Property licensed hereunder and identified by such other Party
in writing to such Party, which has not already been provided to such other Party and which is not otherwise in the possession
of such other Party. Such Party shall not have any liability to such other Party resulting or arising from the failure or inability
to provide such agreements or information.

 

Section
6.17.     Embedded Software License.

 

(a)              
License to Software. GE Aviation hereby grants ADGTJV and the JV Partners a non-transferable (except to end users
as embedded in the LM Products or Spare Parts that have executed an agreement to be bound by the terms of this ‎Section
6.17), non-sublicensable, non-exclusive license to use the software embedded or provided with LM Products, Spare Parts or
Deliverables (“Software”) strictly in accordance with this ‎Section 6.17.

 

(b)              
Use. ADGTJV and the JV Partners and such end users of the LM Products and Spare Parts may use the Software solely
for the purpose of integrating LM Products or Spare Parts with its own systems, and for operating the LM Products. In connection
with this purpose, use of the Software by ADGTJV and the JV Partners and such end users of the LM Products and Spare Parts includes
copying or saving software and data in the data processing unit, executing programs, data processing and making copies in machine
readable format, and connecting Software with other data processing programs.

 

(c)              
Restrictions. ADGTJV and the JV Partners and such end users shall not: (i) make any changes, translations of other
amendments to the Software, (ii) make any back

 

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translation
of the Software in the form of source programs or in other forms, or (iii) change any protection or ownership notices in the Software,
such as copyright notices and reservations of rights (and ADGTJV and the JV Partners shall retain all such notices in any copies
made by ADGTJV or the JV Partners). ADGTJV and the JV Partners cannot reverse engineer, decrypt, extract, reproduce, or cause
the reproduction of any Software, unless expressly authorized by GE Aviation.

 

(d)              
No Access. ADGTJV and the JV Partners shall not grant access to the Software in any form to any third party other
than such end users as permitted herein, without the prior written consent of GE Aviation.

 

(e)              
Transfer Restriction. The Customer shall not transfer the Software or the license under this ‎Section 6.17,
or permit the use of Software by a third party other than with a sale of the LM Products to such end users as permitted herein,
without the prior written consent of GE Aviation. Any attempted transfer or use without GE Aviation consent shall be void.

 

Section
6.18.     IP Indemnification.

 

(a)              
GE Aviation IP Indemnification Obligation. GE Aviation shall indemnify, defend and hold harmless the ADGTJV Indemnitees
from and against any and all Liabilities incurred by the ADGTJV Indemnitees arising from a third party claim alleging that any
portion of the LM Products or Spare Parts, in each case supplied by or on behalf of GE Aviation under this Agreement, infringes
or misappropriates Intellectual Property; provided that, with respect to any such portions provided by any RSP, in such cases
where the RSP is responsible for the infringement (and is not merely following the detailed specifications or directions of GE
Aviation), the foregoing obligations of GE Aviation shall apply only to the extent that such RSP owes comparable obligations to
GE Aviation.

 

(b)              
Notice of Claims. ADGTJV will promptly notify GE Aviation in writing of such claims and give GE Aviation full authority,
information and assistance for the defense and resolution of such claims.

 

(c)              
Exclusions. The remedies described in ‎Section 6.18 do not apply to any product ‎(1) not purchased
by ADGTJV from GE Aviation; or ‎(2) that was modified, combined with other items (except for such combinations of LM Products
or Spare Parts provided by or on behalf of GE Aviation), or was not used for its intended purpose, in each case where such modification
or combination results in the infringement; or ‎(3) that was supplied by ADGTJV or a JV Partner or manufactured by GE Aviation
according to ADGTJV’s detailed specifications or directions (“ADGTJV’s Instructions”), where a
claim under ‎Section 6.18(a) resulted from GE Aviation’s use or reliance on ADGTJV’s Instructions. With
respect to products not manufactured by GE Aviation, any indemnity given by the manufacturer thereof to GE Aviation shall apply
to ADGTJV.

 

(d)              
Apportionment. Notwithstanding anything herein to the contrary, GE Aviation shall only bear an indemnification obligation
with respect to the value of the portions of the LM Products and Spare Parts supplied by or on behalf of GE Aviation and not the
value of

 

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the
products and systems provided by an RSP or sold by or on behalf of ADGTJV or a JV Partner.

 

(e)              
Sole and Exclusive Liability. Without limiting GE Aviation’s obligations or rights, as applicable, under Section
6.05(j), ‎Section 6.05(m), Section 8.01(f), Section 9.07(f), and Section 9.08 the obligations
recited in this Article constitute the sole and exclusive liability of GE Aviation under this Agreement for actual or alleged
Intellectual Property infringement, including with respect to the LM Products and Spare Parts.

 

Section
6.19.     Use of Trademarks.
Without limiting any rights granted pursuant to that certain Trademark License Agreement, dated as of July 3, 2017, between GE
and BHGE (as amended, restated, modified or supplemented from time to time in accordance with its terms), GE and ADGTJV will enter
into, subject to the terms and conditions of this Agreement and GE’s standard brand guidelines, and negotiated based off
of GE’s standard joint venture trademark license agreement with such modifications as the parties may agree to acting reasonably
and in good faith, a royalty-free, non-transferable and non-exclusive right and license to the Licensed Trademarks in connection
with (a) the marketing, promotion, demonstration, distribution, sale, offer for sale, and servicing (other than repair services)
of the LM Products and Spare Parts, NPI and Services to the extent utilized by ADGTJV, whether as a component or otherwise, as
part of its activities in the JV Field of Use and (b) Repairs and Repair Services approved by GE Aviation for co-branding as set
forth in Section 7.09(c) and provided or performed in accordance with ‎Section 7.09 and ‎Section 7.10. The
foregoing license shall not be dependent upon any GE ownership interest in ADGTJV.

 

ARTICLE
7

PROVISION OF LM PRODUCTS, SPARE PARTS AND SERVICES

 

Section
7.01.     Purchase Orders.

 

(a)              
Orders. ADGTJV shall issue purchase orders (each, a “PO”) to GE Aviation to implement its purchase
of the quantities of LM Products, Spare Parts and Services that ADGTJV desires to purchase hereunder in accordance with this ‎Section
7.01 and the agreed upon Lead Times pursuant to ‎Section 7.02(c).

 

(b)              
Applicability and Treatment of POs.

 

(i)                
Binding Commitments. Each PO shall represent a binding commitment by ADGTJV to purchase and, upon acceptance, a
binding commitment by GE Aviation to supply, such LM Products, Spare Parts and Services in accordance with the terms of this Agreement
and the GE Aviation Supplemental Terms. For the avoidance of doubt, GE Aviation has an obligation to accept all POs from ADGTJV
that comply with the terms of this Agreement.

 

(ii)             
PO Modification Agreements. In order to ensure that GE Aviation is aware of and can expressly agree to and comply
with each PO, including as may be requested to meet the specification and contractual requirements of ADGTJV or ADGTJV’s
end customer, should ADGTJV wish to modify, revise,

 

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supplement
or supersede any of the terms and conditions set forth in this Agreement or the GE Aviation Supplemental Terms (the “PO
Modifications”), ADGTJV shall make such request to GE Aviation and, should GE Aviation agree, the Alliance Parties will
execute a separate written agreement detailing the agreed PO Modifications, which agreement, in order to be effective, must be
executed by the GE Aviation Alliance Manager, or his or her delegatee, which agreement shall then be reflected on the body of
the PO (each, a “PO Modification Agreement”).

 

(iii)           
Application of PO. This Agreement shall apply to all POs issued by ADGTJV or any of its Affiliates to GE Aviation
on or following the Effective Date during the Term. No pre-printed, click through, click-wrap or reverse side terms and conditions
included in document(s) of either Alliance Party, other than the GE Aviation Supplemental Terms, shall be binding or have any
legal effect whatsoever on this Agreement and/or any POs. In the event of any conflict between a PO and the main body of this
Agreement, the main body of this Agreement will govern, except for a PO Modification Agreement reflected on the PO.

 

(c)              
PO Contents. All POs issued by ADGTJV or any of its Affiliates pursuant to this Agreement shall contain at least
the following detail:

 

(i)               a
PO number;

 

(ii)             
a specific LM Product, Spare Part or Service description or reference and scope of supply or provision;

 

(iii)           
 the required delivery or provision date(s) or forecasted date(s);

 

(iv)            
the Applicable Prices as determined in accordance with ‎Section 7.03 and ‎Section 7.04 of this Agreement;

 

(v)              if applicable, the quantities to be released for delivery;

 

(vi)            
if applicable, a reference to the applicable PO Modification Agreement; and

 

(vii)         
 a statement on the face of the PO that reads as follows: “The parties agree that, notwithstanding any reference to
any other document, this purchase order shall be governed by that certain Supply and Technology Development Agreement entered
into by and among General Electric Company, a New York corporation (“GE”), acting through its GE Aviation business
unit, Baker Hughes, a GE company, LLC and GE, acting on behalf of its GE Power business, dated as of November 13, 2018 (as amended,
modified or supplemented from time to time in accordance with its terms)”; provided that the terms of this Agreement shall
apply and govern notwithstanding the absence of such statement on the face of any PO between the Alliance Parties during the Term
of this Agreement.

 

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(d)              
Change Orders and Scheduling POs.

 

(i)                
All delivery or provision dates, shipping instructions, quantities ordered and other like terms of a PO may be revised
upon the issuance by ADGTJV to GE Aviation of a change order in writing; provided that any and all changes set forth in such change
orders must first be mutually agreed to by and between ADGTJV and GE Aviation. GE Aviation shall not be obligated to proceed with
any requested changed or extra work, or other terms, until the price of such change and its effect on the scheduled delivery date(s)
have been agreed upon and effected by a change order.

 

(A)            
If any such change results in an increase or decrease in the cost or time required for the performance of the work under
the PO, there shall be a mutually agreed upon equitable adjustment of the PO price and the scheduled delivery or provision date(s).

 

(B)             
If ADGTJV requests a change to a LM Product, Spare Part or Service under an issued PO within the Lead Time, which results
in materials that GE Aviation cannot otherwise utilize or convert into an LM Product, Spare Part, or Service for ADGTJV in a reasonable
time, GE Aviation shall work with ADGTJV to either (x) scrap parts (and charge ADGTJV the direct, reasonable and documented
costs incurred, provided that GE Aviation will use reasonable efforts to reduce such costs) or (y) finish conversion (and
charge ADGTJV the Applicable Price for the LM Product, Spare Part of Service set forth in the related PO). ADGTJV shall pay for
all work that GE Aviation commenced for which GE Aviation has incurred costs under the PO prior to any quantities being decreased.
If there are completed parts or modules from a prior PO that are owned by ADGTJV and both Alliance Parties can find an alternative
use for such parts or modules for future sale, then ADGTJV shall consign such materials as customer furnished material to GE Aviation.

 

(ii)             
GE Aviation agrees to provide a schedule and confirmation of completion/shipment date(s) at the time a PO is placed and
accepted; provided that, none of these schedules or confirmations shall modify any applicable agreed upon delivery date(s) set
forth in the relevant POs as accepted by GE Aviation. Subject to appropriate safeguards for the protection of GE Aviation’s
and its Affiliates’ proprietary or confidential information and upon reasonable advance request, GE Aviation also agrees
to allow ADGTJV’s staff regular access to its facilities to review the PO status and quality, and to provide a monthly report
on schedule status. In the event that any PO falls behind schedule, GE Aviation shall (a) provide a detailed schedule and report
on the recovery actions as needed with regard to the status of the PO completion and (b) allow for on-site expediting by ADGTJV
or an agent appointed by them.

 

(e)              
Acceptance of POs. All POs, acceptances, change orders and other writings or electronic communications between the
Alliance Parties, regardless of whether stated on the face of the PO or not, shall be governed by this Agreement.

 

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Section
7.02.      Terms and Conditions of Purchase.

 

(a)              
Terms and Conditions of Purchase.

 

(i)                
Purchases made by ADGTJV of LM Products, Spare Parts and Services shall be subject to the following:

 

(A)            the terms of this Agreement;

 

(B)             the
applicable GE Aviation Supplemental Terms;

 

(C)             the terms of any PO Modification Agreement; and

 

(D)            
the terms contained in POs accepted hereunder.

 

(ii)             
In the event of a conflict, the following order of precedence will prevail:

 

(A)            the terms of any PO Modification Agreement

 

(B)             the terms of this Agreement, excluding the applicable GE Aviation Supplemental Terms;

 

(C)             the applicable GE Aviation Supplemental Terms;

 

(D)            
the terms of any POs issued hereunder; and

 

(E)             drawings, specifications and related documents specifically incorporated by reference herein or in any PO.

 

(iii)           
2017 Supply Agreement.  Effective as of the Effective Date, no LM Products, Spare Parts or Services offered
pursuant to this Agreement shall be available for supply or purchase (as applicable) under the Amended and Restated Supply Agreement,
dated as of November 13, 2018, between GE and BHGE.

 

(b)              
Liquidated Damages for Delayed Deliveries.

 

(i)                
Liquidated Damages. Beginning on January 1, 2020, if GE Aviation fails to (1) deliver LM Products to ADGTJV within
the established Lead Times as described in ‎Section 7.02(c) below or as otherwise agreed in the PO Modification Agreement
or ‎(2) satisfy its Repair obligations or its Engineering Services obligation in accordance with the established completion
times for such Repairs or Engineering Services as agreed upon by the Alliance Parties, then GE Aviation shall be responsible for
paying ADGTJV liquidated damages based on the rates set forth below.

 

(ii)             
Rates. Subject to the conditions set forth below, to the extent GE Aviation is required to pay liquidated damages
to ADGTJV, the liquidated damages for the delayed delivery of ‎(1) LM Products (other than with respect to

 

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LM9000
OE Parts which is covered by the following subsection (2)), shall be calculated based on the following rates: (A) in 2020, liquidated
damages shall be equal to one-quarter percent (0.25%) of the price of the LM Product, Repair or Engineering Service to be delivered
or provided per week of delay up to three percent (3%), with a one-week grace period to cure the delay, and (B) in 2021 and beyond,
liquidated damages shall be equal to one-half percent (0.5%) of the price of the LM Product, Repair or Engineering Service to
be delivered or provided per week of delay up to six percent (6%), with a one-week grace period to cure the delay, and (2) underlying
LM9000 OE Parts shall be calculated based on the following rates: (A) in 2019 through 2021, liquidated damages shall be equal
to zero percent (0%) while the margins are equal to zero percent (0%), (B) in 2022, liquidated damages shall be equal to one-quarter
percent (0.25%) of the price of the LM Product, Repair or Engineering Service to be delivered or provided per week of delay up
to three percent (3%), with a one-week grace period to cure the delay, and (C) in 2023 and beyond, liquidated damages shall be
equal to one-half percent (0.5%) of the price of the LM Product, Repair or Engineering Service to be delivered or provided per
week of delay up to six percent (6%), with a one-week grace period to cure the delay.

 

(iii)           
Conditions.

 

(A)            
ADGTJV shall only be entitled to receive liquidated damages from GE Aviation to the extent that GE Aviation and its sub-tier
suppliers, including GE Aviation-managed RSPs, has caused the delay and ADGTJV (or a JV Partner) has paid some damages, whether
as liquidated damages, concessions, discounts, or other settlement mechanisms as a result of such delay to ADGTJV’s (or
JV Partners’) end customer or has incurred in extra costs due to GE Aviation delay (including expedited shipment in accordance
with ‎Section 7.02(b)(iii)(B) below); provided that in no event shall the liquidated damages exceed the rates set forth
above for the period of any GE Aviation delay of an LM Product, Repair or Engineering Service. This subsection ‎(A) shall
not apply to delays in the provision of Engineering Services, which shall be due in any event of delay as per the terms set forth
above.

 

(B)             
ADGTJV and the JV Partners shall use all reasonable efforts in its negotiations with customers to minimize such liquidated
damages from GE Aviation.

 

(C)             
GE Aviation shall not be liable for paying liquidated damages in the following circumstances: to the extent such products
are ordered within a period shorter than the applicable LM Products Lead Time (e.g., lead time for a product is forty (40) weeks
and order dropped in with only 20-week lead time); provided that liquidated damages are applicable for any week of delay
in excess of the applicable LM Products Lead Time, with such LM Products Lead Time calculated from the time such order was placed.

 

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(D)            
With the exception of the first four ‎(4) production units, GE Aviation shall not be liable for paying any liquidated
damages (if any would be due in accordance with ‎Section 7.02(b)) associated with the delivery of the LM9000 full engine,
provided that GE Aviation shall remain responsible for liquidated damages as it relates to delayed delivery of the LM9000 OE Parts.

 

(E)             
GE Aviation shall not be liable for any liquidated damages for the delay in delivery of LM Products or Repairs to ADGTJV
for any deliveries or provision of Aftermarket Services during the 2019 calendar year.

 

(c)              
Lead Time.

 

(i)                
GE Aviation shall establish and notify ADGTJV from time to time of certain lead times for the time between when ADGTJV
initiates a PO for LM Products, Spare Parts and Services and the time such LM Products, Spare Parts and Services are delivered
based on existing supplier market dynamics and consistent with past practice (“Lead Times”); provided that
GE Aviation shall use reasonable commercial efforts to deliver to ADGTJV such LM Products, Spare Parts and Services in a shorter
delivery time than the agreed Lead Time.

 

(ii)             
Through the APCC and in accordance with the principles the APCC, both Alliance Parties shall collaborate on Lead Time reduction
ideas through new supplier development, opportunities to kit material, and lean principles with a goal to reducing Lead Time from
order to delivery. Lead Times for engine configurations (such as the G4) that have not been purchased for twelve (12) months will
be adjusted based on supplier market conditions; provided that, any issues related to this may be brought for consideration to
the APCC.

 

(iii)           
ADGTJV shall submit PO(s) in good faith to GE Aviation for LM Products, Spare Parts and Services consistent with the established
Lead Times.

 

(iv)            
 Without the prior approval of the APCC, ADGTJV may not ‎(1) double its delivery volume for production engines for
any particular LM Product from year to year nor ‎(2) exceed 150% of the aggregate delivery volume for all LM Products from
the prior year; provided that for Spare Parts, should ADGTJV require a greater volume, GE Aviation will work in good faith to
meet the increased volume request.

 

(d)              
Forecast. ADGTJV shall provide the GE Aviation members of the APCC a five (5) year rolling forecast for the LM Products,
Spare Parts and Services to facilitate a smooth sales and operating plan process that ADGTJV shall update twice per year (“Forecast”).
Each Forecast is non-binding and is for general planning purposes; provided that ADGTJV shall use reasonable efforts to promptly
provide any updates to a Forecast in the event there are material changes in a Forecast.

 

(e)              
Product Quality. All quality control exercised in the manufacture and supply of LM Products and Spare Parts shall
be in accordance with applicable law and GE

 

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Aviation’s
normal quality control policies and meet the applicable PO specification performance requirements at the time of delivery, including
power, efficiency and emissions requirements.

 

(f)               
Transfer of Title and Risk of Loss. Subject to ‎Section 3.03, and notwithstanding the historical practice
prior to the Effective Date, GE Aviation will be responsible for inventory related to raw materials and work in process (WIP).
Upon delivery as set forth in the GE Aviation Supplemental Terms, title and risk of loss of the LM Products and Spare Parts shall
pass to ADGTJV.

 

Section
7.03.     Pricing – LM Products,
Spare Parts and Aftermarket Services.

 

(a)              
Pricing – LM Products and Spare Parts. The LM Products and Spare Parts shall be sold to ADGTJV at a price
equal to the Cost Baseline divided by the amount that is one ‎(1) minus the Margin Percentage (as converted into a decimal
number) (the “Supply Product Price”). For the avoidance of doubt, the Applicable Price shall be calculated
as of the date of PO placement or delivery date, as follows:

 

(i)                
for LM9000 OE Parts, (A) from 2019 through 2023, as of the delivery date, and (B) from and after January 1, 2024, as of
the date of PO placement; and

 

(ii)             
for all LM Products (other than the LM9000) and Spare Parts, (A) from 2019 through 2021, as of the delivery date, and (B)
from and after January 1, 2022, as of the date of PO placement.

 

(b)              
Pricing – Aftermarket Services. The Aftermarket Services shall be sold to ADGTJV at a price equal to the Cost
Baseline divided by the amount that is one ‎(1) minus the Margin Percentage (as converted into a decimal number), other than
for Repairs sold to ADGTJV in 2019, which shall be sold at a price equal to such price as listed in the Component Repair Directory
(“CRD”) minus thirty percent (30%) (the “Aftermarket Services Price”).

 

(c)              
Product Cost. The calculation and elements of Product Cost shall be consistent with the historical product cost
allocation used between GE Aviation and BHGE and GE Power. For clarity, Product Cost does not include any internal GE Aviation
profit or mark-up.

 

(d)              
Cost Baseline – Determination and Reset.

 

(i)                
Cost Baseline. The “Cost Baseline” shall mean, as of a particular date, the average Product Cost
over the twenty-four (24)-month period immediately preceding such date using GE Aviation’s standard cost allocation applicable
to the LM Products, Spare Parts and Services as of the Effective Date; provided, that if GE Aviation implements a change to its
accounting for product cost (e.g., move from average actual to standard costing), GE Aviation will update future Cost Baselines
using its new methodology but will not substantially or materially change any of its cost elements as agreed to in this Agreement
and such cost elements shall continue to be consistent with the historical cost elements used between GE Aviation and BHGE and
GE Power, as set forth in  Schedule 14.

 

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Further,
no costs associated with RSP Materials, liquidated damages or warranty shall be included in any such costs.

 

(ii)             
Cost Baseline Determination. GE Aviation shall, promptly following the Effective Date, determine the Cost Baseline
for all existing LM Products, and such Cost Baseline shall be applicable to the LM Products until GE Aviation resets the same
in accordance with ‎Section 7.03(d)(iii) below.

 

(iii)           
Cost Baseline Resets.

 

(A)            
For all LM Products other than the LM9000, GE Aviation shall reset such Cost Baseline, effective as of January 1, 2024
and calculated as of September 30, 2023, and each five (5) year anniversary thereafter to be notified in writing at least forty-five
(45) days before the effective reset date to ADGTJV for review, providing all relevant details necessary to assess the calculation.

 

(B)             
For the LM9000, GE Aviation shall reset the Cost Baseline on January 1, 2019, and each one (1) year anniversary thereafter
through January 1, 2024, and shall thereafter reset the Cost Baseline on each five (5) year anniversary thereafter to be notified
in writing at least forty-five (45) days before the effective reset date to ADGTJV for review, providing all relevant details
necessary to assess the calculation.

 

(iv)            
No RSP Materials Costs. No costs associated with RSP Materials shall be included in any GE Aviation revenues, Cost
Baseline, or Applicable Price hereunder.

 

(v)              
Cost-Out Projects. Any significant cost out projects identified by ADGTJV, for which ADGTJV wishes to provide funding
and capture the cost benefits prior to any reset of the Cost Baseline will be brought to the APCC for agreement on implementation
timing and any associated re-pricing to reflect the cost out initiative within the existing Applicable Price (e.g., re-engineering
a part for cost out) without waiting for the reset of the Cost Baseline. Any benefits from ADGTJV-funded cost out projects (if
any) will be shared equally by the Alliance Parties. GE Aviation should use actual PO pricing (if available) or best estimates
of Product Costs and Engineering Services Costs for estimates which are used in APCC reviews as part of joint cost-out efforts
or changes in configuration that may result in cost-in.

 

(vi)            
Costs Associated with Changes to Product Configurations or Specifications. Any changes to configuration or product
specification to any product in the LM Product Lines requested by ADGTJV for product management reasons (including significant
module upgrades) that result in increased cost prior to the reset of the Cost Baseline for such product will be brought to the
APCC for agreement on implementation timing and any associated re-pricing to reflect such increased cost in the existing Applicable
Price. GE Aviation should use actual PO pricing (if available) or best estimates of Product Costs and Engineering Services

 

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Costs
for estimates which are used in APCC reviews as part of joint cost-out efforts or changes in configuration that may result in
cost-in.

 

Section
7.04.     Pricing – Engineering
Services.

 

(a)              
Engineering Services Price. The Engineering Services shall be sold to ADGTJV at a price equal to the Engineering
Services Cost (as defined below) divided by the amount that is one ‎(1) minus the Margin Percentage (as converted into a decimal
number) (the “Engineering Services Price”). The Engineering Services Price will be billed based on actual Engineering
Services Cost and will be billed on a regular basis that shall be no less than quarterly.

 

(b)              
Engineering Services Cost.

 

(i)                
The “Engineering Services Cost” shall mean, for any project (e.g., new repair substantiation), part
(e.g., MRB support), or LM Product Line the aggregate of the following three types of costs: ‎(1) the cost of Engineering
Services provided, which is equal to the sum of the products of (a) the relevant engineering hours, based on location applied
towards the project, part, or LM Product Line multiplied by (b) the compensation and benefits (i.e., labor costs), relevant depreciation,
indirect costs, and overhead (the “Engineering Rates”) for such relevant engineering team based on location
as updated at least annually by GE Aviation; ‎(2) any costs for engineering purchased services associated with a specific
project, part, or LM Product Line; and (3) any support or parts provided by a GE Aviation production, development, test, or assembly
shop to Engineering Services, which is costed based on the Product Cost.

 

(ii)             
The calculation and elements of Engineering Services Cost shall be consistent with the historical engineering cost allocation
used between GE Aviation and GE Power/BHGE. For clarity, GE Aviation will continue to use and apply its internal engineering rates
as used for its public financial statements today. In addition, Engineering Services Cost does not include any internal GE Aviation
profit or mark-up.

 

(iii)           
For avoidance of doubt, the determination of which engineers will be utilized to provide the Engineering Services will
be at GE Aviation’s sole discretion; provided that GE Aviation will ensure engineers are similarly qualified and experienced
as those utilized in the remainder of its business.

 

(c)              
LM2500 G5 Payment Reduction. During the period commencing on the Effective Date until the earlier of the second
anniversary thereof or the termination of the LM2500 G5 program by ADGTJV or the JV Partners, ADGTJV may, upon written notice
to GE Aviation, apply (in a manner to be agreed by GE Aviation and ADGTJV) any remaining amounts from the G5 Reserve to offset
any payment obligation to GE Aviation under issued POs for Engineering Services under the LM2500 G5 program. The “G5
Reserve”, at a particular time, shall mean an amount of fifteen million U.S. Dollars ($15,000,000), minus any amounts
previously applied by ADGTJV to offset payment obligations pursuant to this ‎Section 7.04(c).

 

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Section
7.05.     Lump Sum
Payment. ADGTJV shall pay GE Aviation a lump sum payment in accordance with Schedule 5.
For clarity, LM9000 (until January 1, 2024), MRB costs, and SG&A costs incurred by GE Aviation are not included in the
calculation of the lump sum payment.

 

Section
7.06.     Other Pricing and Costs.

 

(a)              
MRB. ADGTJV shall pay GE Aviation for GE Aviation’s engineering support in manufacturing known as “MRB”
at the Cost Baseline for such support, provided that ‎(1) if such amounts exceed a threshold of seven (7) million U.S. dollars
in any Contract Year, ADGTJV shall only pay fifty percent (50%) of any such amounts that exceed such threshold and (2) no such
amounts for LM9000 and any Derivatives of the LM9000 shall be applied towards such threshold until after January 1, 2024. Until
January 1, 2024, ADGTJV shall pay GE Aviation for all MRB costs associated with the LM9000 and any Derivatives of the LM9000 at
the Cost Baseline for such support.

 

(b)              
Specialized Tooling Costs. On behalf of ADGTJV and at ADGTJV’s cost, GE Aviation will procure or produce specialized
tooling (i.e., specific to a product line) required for the LM Products, which will be owned by ADGTJV and subject to a
bailment.

 

(c)              
Additional Charges and Payments. Charges in addition to those determined by the applicable pricing methodology (including
charges in respect of terms pursuant to ‎Section 7.02(a)(i)(C)) shall be agreed to in writing by ADGTJV and GE Aviation.
Pricing for categories of LM Products not established as of the Signing Date shall be determined based on pricing methodologies
used by GE Aviation for pricing such LM Products during the twenty-four (24) month period immediately preceding the Effective
Date and in the absence of past orders on an arms’ length basis.

 

(d)              
Applicable Price Basis. The Applicable Price is based on GE Aviation’s design, manufacture and delivery of
the LM Products, Spare Parts and Services pursuant to (a) its design criteria, manufacturing processes and procedures and quality
assurance program, (b) those portions of applicable industry specifications, codes and standards in effect as of the date of the
PO that are applicable to the LM Products, Spare Parts and Services, (c) United States Federal, State and local laws and rules
of foreign Governmental Entities in effect and applicable to the LM Products, Spare Parts and Services on the date of the PO,
and (d) the specifications set forth in the PO.

 

Section
7.07.     Payment Terms; Taxes; and
Audit.

 

(a)              
Payment Terms. All payments shall be made in accordance with the relevant payment provisions in the GE Aviation
Supplemental Terms.

 

(b)              
Taxes.

 

(i)                
Notwithstanding ‎Section 7.07(a), pricing is exclusive of, and ADGTJV 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 purchases made by ADGTJV pursuant to this

 

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Agreement;
provided that (A) to the extent such Taxes are required to be collected and remitted by GE Aviation, ADGTJV shall pay such Taxes
to GE Aviation upon receipt of an invoice from GE Aviation, and (B) for the avoidance of doubt, subject to ‎Section 7.07(b)(ii),
such pricing shall be inclusive of, and GE Aviation shall bear, any overall income and similar Taxes imposed on or payable by
GE Aviation.

 

(ii)             
Withholding. All payments by ADGTJV pursuant to this Agreement shall be free of all withholdings of any nature whatsoever
except to the extent otherwise required by Law, and if any such withholding is so required, ADGTJV shall pay an additional amount
such that after the deduction of all amounts required to be withheld, the net amount actually received by GE Aviation shall equal
the amount that GE Aviation would have received if such withholding had not been required; provided that, ADGTJV shall not be
required to pay any such additional amount if any deduction or withholding from any payment made by ADGTJV under this Agreement
is required solely and directly as a result (A) of an assignment by GE Aviation to a foreign affiliate pursuant to ‎Section
9.10, or (B) of any action by GE Aviation that is not in accordance with the provisions of this Agreement, in each case, that
was not at the request of ADGTJV.

 

(c)              
Cooperation. The Alliance Parties will cooperate with each other in good faith to minimize the imposition of, and
the amount of, Taxes described in ‎Section 7.07(b).

 

(d)              
Audits.

 

(i)                
Cost Baseline Audit. Upon ten (10) days’ advanced written notice following a Cost Baseline reset pursuant
to ‎Section 7.03(d)(iii), but not later than ninety (90) days following such Cost Baseline reset, ADGTJV may audit
(through an independent internationally recognized third party auditor appointed by ADGTJV), during regular business hours and
in a manner that complies with the building and security requirements of GE Aviation, the books, records and facilities and any
other relevant document of GE Aviation to the extent reasonably necessary to determine that the costs are accurately recorded
and in line with GE Aviation’s accounting standards and historical practices. Such documentation should be provided by GE
Aviation in a timely manner to allow the audit completion by planned effectiveness of the new Cost Baseline. Any audit conducted
under this ‎Section 7.07(d) shall not interfere unreasonably with the operations of GE Aviation. ADGTJV shall pay the
costs of conducting such audit, unless such audit reveals a discrepancy between the Cost Baseline reset calculation provided by
GE Aviation and the result of the audit conducted by ADGTJV in excess of five percent (5%), in which case GE Aviation shall be
responsible for such costs and provided that in any event the Cost Baseline reset should be modified accordingly to the audit
result, whether an increase or decrease as appropriate. All information learned or obtained from such audit shall be deemed Confidential
Information for purposes of this Agreement.

 

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(ii)             
Audit For Compliance with Agreement. Upon thirty (30) days’ advanced written notice, on a bi-annual basis,
either Alliance Party may audit the other (through an independent internationally recognized third party auditor appointed by
the auditing Alliance Party), during regular business hours and in a manner that complies with the building and security requirements
of the other Alliance Party, the books, records and facilities and any other relevant document of the other Alliance Party to
the extent reasonably necessary to determine such Alliance Party’s compliance with this Agreement. Any audit conducted under
this ‎Section 7.07(d) shall not interfere unreasonably with the operations of the other Alliance Party. Any audit costs
shall be borne by the Alliance Party requesting the audit. All information learned or obtained from such audit shall be deemed
Confidential Information for purposes of this Agreement.

 

Section
7.08.     Revenue Share Participant
Management.

 

(a)              
GE Aviation Obligations for Existing Product Lines. GE Aviation shall assume fulfilment, logistics and planning
responsibilities for all RSPs on all existing LM Legacy Product Lines and associated LM Products or Spare Parts.

 

(b)              
ADGTJV Obligations for Legacy LM Product Lines. ADGTJV shall continue to be responsible for all payments to RSPs
for existing LM Products Lines and associated LM Products and Spare Parts in accordance with existing RSP payment terms and, if
required, will consign inventory to GE Aviation for assembly into LM Products or Spare Parts.

 

(c)              
BHGE Obligations for LM9000. BHGE and GE Aviation shall work together to jointly define responsibilities associated
with the fulfilment, logistics and planning responsibilities for the RSP introduced by BHGE in the LM9000 LM Product Line. For
the avoidance of doubt, BHGE will be responsible to make all payments to such RSP for the LM9000 LM Product Line in accordance
with existing payment terms with such RSP. GE Aviation shall not be held liable for any damages associated with the assembly work
completed by any LM9000 RSPs, so long as any necessary parts supplied by GE Aviation were provided in a timely manner as set forth
in the production schedule.

 

(d)              
Future Product Lines. ADGTJV shall have the authority and right to propose new RSPs for LM Products and Spare Parts
as part of new production introductions relating to aero-derivative gas turbines under one or more Technology Development Program
Plans. GE Aviation shall have final approval on which parts are open for RSP and what technology shall be shared with RSPs, provided
that to the extent that GE Aviation does not approve such RSP, GE Aviation has a rational basis for exclusion (including safety
concerns). ADGTJV shall have the right to veto the introduction of new RSPs if it can demonstrate a material impact on its service
revenue or an IP leakage concern. As part of the development of any future LM Product Line, ADGTJV and GE Aviation shall work
together to honor and comply with any then-existing contractual arrangements with GE Aviation’s RSPs.

 

(e)              
Management of RSP Obligations. The Alliance Parties intend that the RSPs shall remain liable for warranty and
delivery of their hardware as set forth in their contractual arrangements and GE Aviation shall be responsible for collection
of damages from

 

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such
RSPs for breach of their contractual arrangements, provided that: GE Aviation shall be responsible for delays in the delivery
of RSP scope and thus shall be entitled to seek damages from the RSPs for delay. The Alliance Parties will work together to review
current RSP arrangements and determine appropriate mechanisms for effectuating this ‎Section 7.08(e), which may include
assignment of RSP agreements from GE Aviation to ADGTJV or BHGE, taking into consideration relevant limitations in RSP contractual
arrangements; provided that, such mechanisms result in a financially neutral impact to GE Aviation, ADGTJV and the RSP and are
effectuated jointly.

 

Section
7.09.     Introduction and Substantiation
of New Repairs and Spare Parts.

 

(a)              
Advanced Components.

 

(i)                
Introduction and Substantiation Process for New Advanced Repairs and Advanced Spare Parts.

 

(A)            
For the introduction by either Alliance Party of any (A) New Advanced Repairs that will repair Advanced Components or (B)
Advanced Spare Parts (e.g., industrial parts) that will replace Advanced Components, such New Advanced Repairs and such Advanced
Spare Parts must be submitted to GE Aviation’s engineering substantiation for approval before implementation, and GE Aviation
shall submit the substantiation results of its engineering team to the APCC, including its determination of approval or disapproval
of the proposed implementation. If GE Aviation’s engineering team approves a proposed New Advanced Repair or New Advanced
Spare Part, then implementation and execution of such New Advanced Repairs or New Advanced Spare Parts shall be made in accordance
with the terms of ‎Section 7.10.

 

(B)             
If GE Aviation’s engineering team does not approve any such New Advanced Repair or Advanced Spare Part through the
substantiation process, then GE Aviation must provide ADGTJV a rationale for such disapproval, including whether or not such disapproval
is for a safety reason (“Unapproved Repair” or “Unapproved Spare Part”). If, ADGTJV wishes
to implement and execute any New Advanced Repair or New Advanced Spare Part despite the GE Aviation engineering team’s disapproval,
then such implementation may only be made if: (1) in the case of disapprovals for safety reasons, approval is provided by the
APCC, and in such case, the execution is made in accordance with ‎Section 7.09(a)(ii), and (2) in the case of disapproval
for reasons other than safety, the execution shall be made subject to, and in accordance with, ‎Section 7.09(a)(iii).

 

(ii)             
Disapproval for Safety Reasons. Any proposed New Advanced Repairs, or Advanced Spare Parts that are disapproved
by GE Aviation’s engineering team for safety reasons, which are supported by sufficient evidence, may be reviewed
by the APCC, and may only be implemented by ADGTJV if the

 

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APCC
unanimously approves doing so, and subject to any terms or conditions of such implementation as agreed upon by the APCC.

 

(iii)           
Disapproval for Non-Safety Reasons. Any proposed New Advanced Repairs or Advanced Spare Parts that are disapproved
by GE Aviation’s engineering team strictly for reasons other than safety may be implemented by ADGTJV; provided that:

 

(A)            
all liability resulting from such implementation shall be borne by ADGTJV;

 

(1)              
to the extent any approved Repair or Spare Part is provided, or has been provided, by GE Aviation in the same module (e.g.,
compressor, hot section including combustor or high pressure turbine, low pressure turbine) in the same turbine where an Unapproved
Part or Unapproved Repair has been implemented (collectively, the “Affected Module”), then GE Aviation shall
not provide a warranty for such approved Repair or Spare Part;

 

(2)              
to the extent any approved Repair or Spare Part is provided, or has been provided, by GE Aviation in any other module (e.g.,
compressor, hot section including combustor or high pressure turbine, low pressure turbine) in the same turbine as the Affected
Module, but not in the Affected Module, then GE shall continue to provide a warranty for such approved Repair or Spare Part, so
long as ADGTJV or the JV Partners (or its end users) (i) maintain sufficient documentation that meets at least the standards of
the commercial aerospace industry and (ii) can provide sufficient evidence that any warranty on parts in the unaffected module
were not impacted by the Unapproved Repair or Unapproved Spare Part;

 

(B)              ADGTJV
shall not use any third party suppliers identified in  Schedule 9 (the “Prohibited Supplier
List”) for the fulfilment of such New Advanced Repairs or Advanced Spare Parts, provided that the APCC may
periodically update the Prohibited Supplier List in accordance with ‎Section 3.02(b)(i)(O), or by unanimous
decision, allow for exceptions to the Prohibited Supplier List; and

 

(C)             
both Alliance Parties through the APCC shall determine a fair and equitable amount for GE Aviation to be paid for loss
of revenue associated with the implementation of such New Advanced Repairs or Advanced Spare Parts (including any loss in revenue
related to decreased sales of Advanced Spare Parts as a result of reduced demand from such New Advanced Repair): provided that
if the Alliance Parties cannot reach an agreement as to a fair and equitable amount that should be paid to GE Aviation for loss
of revenue, then;

 

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(1)              
in the case of a disapproval of a proposed Advanced Spare Part, GE Aviation shall no longer be subject to its exclusivity
obligations pursuant to ‎Section 5.02 on performing or competing with ADGTJV on such Advanced Spare Part, and any such
existing or future Advanced Repair,

 

(2)              
in the case of a disapproval of a proposed Advanced Repair (of which GE Aviation does not perform or own the rights to
any similar Advanced Repair), GE Aviation shall no longer be subject to its exclusivity obligations pursuant to ‎Section
5.02 on performing or competing with ADGTJV on such Advanced Spare Part, and any such New Advanced Repair;

 

(3)              
in the case of a disapproval of an Advanced Repair (of which GE Aviation does perform or own the rights to a similar
Advanced Repair), GE Aviation shall no longer be subject to its exclusivity obligations pursuant to ‎Section 5.02 on
performing or competing with ADGTJV on such Existing Advanced Repairs, but such exclusivity obligations shall remain for any affected
Advanced Spare Parts;

 

For the avoidance of
doubt, in the case of clauses ‎(C)‎(1), -‎(2) or -‎(3) above, GE Aviation may no longer claim
loss of future revenue for such non-exclusive Advanced Spare Parts and related Advanced Repair if GE Aviation chooses to terminate
exclusivity with respect to the New Advanced Repairs or Advanced Spare Parts affected.

 

(b)              
Non-Advanced Components. ADGTJV shall be free to introduce, develop and substantiate any New Non-Advanced Repairs
and Spare Parts for Non-Advanced Components itself or through third parties, or it may engage GE Aviation to provide Repairs Services
on such Non-Advanced Components. The execution of any such New Non-Advanced Repairs and Spare Parts for Non-Advanced Components
shall be made pursuant to ‎Section 7.10.

 

(c)              
Co-Branding. ADGTJV or JV Partners may market any Repairs and Repair Services that are approved by GE Aviation as
“OEM-Approved Repairs” or similar nomenclature. Further, GE Aviation consents to ADGTJV or JV Partners co-branding
such OEM-Approved Repairs, subject to GE’s corporate management team’s grant of any necessary license rights and compliance
with GE’s branding guidelines. Repairs that are not approved by GE Aviation shall not be referred to as OEM-Approved Repairs
or similar nomenclature, and shall not, under any circumstances, be co-branded with GE Aviation or GE.

 

Section
7.10.     Execution of Repairs.

 

(a)              
Conditions on Third Party Repair Service Supplier. ADGTJV may use a third party supplier provider to perform Repair
Services (a “Third Party Repair Supplier”), subject to the following conditions:

 

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(i)                
Any such Third Party Repair Provider is not on the Prohibited Supplier List;

 

(ii)             
GE Aviation agrees to work with ADGTJV to provide appropriate rights to any such Third Party Repair Supplier;

 

(iii)           
GE Aviation may restrict any such Third Party Repair Supplier from performing such Repair Services outside the JV Field
of Use, or from performing or marketing such Repair Services to any other customer; and

 

(iv)            
 GE Aviation shall have the right to audit any Third Party Repair Supplier to ensure compliance with rights granted and
confidentiality obligations relating to such Repair Services.

 

(collectively, including
‎Section 7.10(b), the “Third Party Repair Supplier Conditions”).

 

(b)              
Independently Performed Repairs

 

(i)                
“Level 5 Repairs” shall mean component Repairs.

 

(ii)             
“Independently Performed Repairs” shall mean any Level 5 Repairs for LM Products performed by ADGTJV
or JV Partners as of the Signing Date, either on their own behalf or through a third party.

 

(iii)           
The Parties agree to develop a written list of Independently Performed Repairs within a reasonable period after the Signing
Date.

 

(iv)            
ADGTJV may perform itself or have performed by a third party Independently Performed Repairs with no fee to GE Aviation,
but in so doing, agrees to maintain in confidence any repair specifications, documentation and drawings. Any Independently Performed
Repairs that are currently performed with a supplier on the Prohibited Supplier List shall be deemed an APCC-approved exception
to ‎Section 7.09(a)(iii)(B).

 

(c)              
Advanced Repairs.

 

(i)                 Existing
Advanced Repairs. GE Aviation shall perform, have performed by a third party, or permit ADGTJV to perform itself and/or
through JV Partners, all Existing Advanced Repairs developed by GE Aviation. Any repairs performed by GE Aviation will be
subject to an applicable Margin Percentage for Repairs set forth in Schedule 2. Any Existing Advanced Repairs
that ADGTJV wishes to perform itself and/or through JV Partners, or have performed by a third party, provided the Third Party
Repair Supplier Conditions shall apply, will be subject to a fair market value royalty fee to be determined by the Alliance
Parties, which may vary depending on the nature of such repair (“Repair Royalty Fee”). The Repair Royalty
Fee shall be commensurate with

 

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such
royalties collected by GE Aviation repair licensing in the commercial engine industry.

 

(ii)              New
Advanced Repairs Developed by GE Aviation. GE Aviation shall perform, have performed by a third party, or permit
ADGTJV to perform itself and/or through JV Partners, all New Advanced Repairs developed by GE Aviation. Any New
Advanced Repairs developed by GE Aviation performed by GE Aviation will be subject to such applicable Margin Percentages for
Repairs set forth in  Schedule 2. Any New Advanced Repairs developed by GE Aviation that ADGTJV wishes to perform
itself and/or through JV Partners, or that ADGTJV wishes to have performed by a third party, provided the Third Party Repair
Supplier Condition shall apply, will be subject to a Repair Royalty Fee.

 

(iii)           
New Advanced Repairs Developed by the JV Partners.

 

(A)             GE
Aviation shall receive an exclusive, license to such New Advanced Repairs developed by JV Partners, subject to a
Repair Royalty Fee. ADGTJV shall have the right to request a quote from GE Aviation to perform New Advanced Repairs developed
by JV Partners, subject to applicable Margin Percentage for Repairs set forth in Schedule 2. ADGTJV or JV Partners
shall retain the right to perform New Advanced Repairs themselves in JV Field of Use, but, except as expressly set forth in
the following ‎Section 7.10(c)(iii)(B), may not license such New Advanced Repairs developed by JV Partners to any
third parties.

 

(B)             
Any such New Advanced Repairs developed by JV Partners that ADGTJV or JV Partners wish to have performed by a third party
repair service supplier, shall be subject to the Third Party Repair Supplier Conditions. For the avoidance of doubt, GE Aviation
is not entitled to any fees or royalties associated with such repairs.

 

(d)              
Non-Advanced Repairs.

 

(i)                
Existing Non-Advanced Repairs. ADGTJV shall have the right to request a quote from GE Aviation to perform Existing
Non-Advanced Repairs, New Non-Advanced Repairs developed by GE Aviation, or New Non-Advanced Repairs developed by ADGTJV or the
JV Partners.

 

(ii)              Any
repairs performed by GE Aviation will be subject to an applicable Margin Percentage for Repairs set forth in  Schedule
2. The JV Partners may perform Existing Non-Advanced Repairs or New Non-Advanced Repairs developed by GE Aviation
themselves in the JV Field of Use for a Repair Royalty Fee, but may not license such repairs to third parties. For any
Existing Non-Advanced Repairs or New Non-Advanced Repairs developed by GE Aviation that ADGTJV wishes to have performed by a
third party on its behalf, the Third Party Repair Supplier Conditions shall apply, subject to the Repair Royalty
Fee.

 

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(e)              
For the avoidance of doubt, for any repairs under ‎Section
7.10(b), ‎Section 7.10(c) and ‎Section 7.10(d), which ADGTJV or JV Partners wish to perform itself or
through a third party, GE Aviation agrees to provide the appropriate Level 5 Repair specifications, documentation and drawings.

 

(f)               
Industrial Repair Manual. As set forth in ‎Section 3.02(b)(i)(P), GE Aviation, ADGTJV or JV Partners
agree to include in each of its IRMs a listing of all Level 5 or “L5” Repairs applicable to such LM Product by name,
and further referring to users of such IRMs to either GE Aviation or ADGTJV for further details and quotes associated with such
L5 Repairs.

 

Section
7.11.     Separation of LM Product
Lines. GE Aviation shall fully fund, an assembly line for the LM Product Lines separate from GE Aviation’s other
commercial assembly lines in a reasonable period of time, but no later than two (2) years after the Effective Date, to allow for
non-aerospace hardware introduction. The cost associated with the depreciation of such investment shall be borne by GE Aviation
during the first five (5) years of the Cost Baseline. Upon Cost Baseline reset, standard overhead shall include all relevant and
applicable depreciation associated with the existing LM Product Line.

 

ARTICLE
8

ALLOCATION OF LIABILITY

 

Section
8.01.     Limitation of Liability.

 

(a)              
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY (OTHER THAN IN SECTION ‎8.01(B), SECTION ‎8.01(C)
AND Section ‎8.01(e)),
IN NO EVENT SHALL A PARTY’S AGGREGATE LIABILITY IN RESPECT OF ANY MATTER (OTHER THAN PRODUCTS/SERVICES CLAIMS) IN ANY PARTICULAR
CONTRACT YEAR, ARISING OUT OF OR RELATED TO THIS AGREEMENT, WHETHER ARISING OUT OF OR RELATED TO BREACH OF CONTRACT, TORT (INCLUDING
NEGLIGENCE) OR OTHERWISE, EXCEED 50% OF THE ANNUAL REVENUE RECEIVED BY GE AVIATION FROM ADGTJV IN SUCH CONTRACT YEAR; PROVIDED
THAT SUCH LIABILITY LIMITATION SHALL NOT APPLY TO ANY PAYMENTS PAID OR REQUIRED TO BE PAID BY ADGTJV TO GE AVIATION FOR LM PRODUCTS,
SPARE PARTS OR SERVICES PROVIDED, INCLUDING THE LUMP SUM PAYMENT, UNDER THIS AGREEMENT OR ANY PO ISSUED HEREUNDER.

 

(b)               NOTWITHSTANDING
ANYTHING HEREIN TO THE CONTRARY (OTHER THAN IN Section 8.01(e),
THE LIABILITY OF GE AVIATION ARISING OUT OF OR RELATED TO THE DEVELOPMENT AND PROVISION OF THE LM PRODUCTS OR SPARE PARTS OR
THE PERFORMANCE OF SERVICES UNDER THIS AGREEMENT OR ANY PURCHASE ORDER ISSUED HEREUNDER (INCLUDING IN RESPECT OF ANY AND ALL
CLAIMS RELATED THERETO, WHETHER BREACH OF CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE) (THE
“PRODUCTS/SERVICES CLAIMS”) SHALL IN NO EVENT EXCEED THE FOLLOWING:

 

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(i)                
ON AND AFTER SUCH TIME THAT THE APPLICABLE MARGIN PERCENTAGE HAS BEEN FULLY PHASED IN PURSUANT TO SCHEDULE
2, 100% OF THE TOTAL PRICE OF THE APPLICABLE LM PRODUCT, SPARE PART, AFTERMARKET SERVICE OR ENGINEERING SERVICE CALCULATED
AS PER THE TERMS OF THIS AGREEMENT GIVING RISE TO A CLAIM; OR

 

(ii)             
PRIOR TO SUCH TIME THAT THE APPLICABLE MARGIN PERCENTAGE HAS BEEN FULLY PHASED IN PURSUANT TO SCHEDULE
2, SUCH PRO RATA PERCENTAGE OF THE TOTAL PRICE SET FORTH IN THE SUBSECTION ABOVE, DETERMINED BY MULTIPLYING SUCH TOTAL
PRICE BY THE PERCENTAGE AMOUNT THAT SUCH MARGIN PERCENTAGE HAS BEEN PHASED IN AS OF SUCH DATE.

 

(c)              
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE AGGREGATE LIABILITY OF ADGTJV AND THE JV PARTNER IN QUESTION ARISING
OUT OF OR RELATED TO BREACH OF ANY INTELLECTUAL PROPERTY LICENSE OR ASSIGNMENT OBLIGATIONS OR RESTRICTIONS IN ‎ARTICLE
6 (“Development Programs and Intellectual Property”) or Section ‎9.08 (“Confidentiality”),
OR IN RESPECT OF ANY OF THEIR RELATED INDEMNIFICATION OBLIGATIONS HEREUNDER, SHALL NOT EXCEED TWO (2) BILLION U.S. DOLLARS ($2,000,000,000)
IN THE AGGREGATE IN ANY CONTRACT YEAR WITH RESPECT TO ALL CLAIMS ARISING IN SUCH CONTRACT YEAR AND IN THE AGGREGATE WITH RESPECT
TO ALL CLAIMS ARISING OUT OF ANY CAUSE OF ACTION; PROVIDED THAT THE AGGREGATE LIABILITY OF THE ADGTJV AND THE JV PARTNER
IN QUESTION SHALL NOT EXCEED FIVE HUNDRED MILLION U.S. DOLLARS ($500,000,000) IN THE AGGREGATE IN ANY CONTRACT YEAR WITH RESPECT
TO ALL CLAIMS ARISING IN SUCH CONTRACT YEAR AND IN THE AGGREGATE WITH RESPECT TO ALL CLAIMS ARISING OUT OF ANY CAUSE OF ACTION
IF THE ADGTJV OR SUCH JV PARTNER (AS APPLICABLE) HAS COMPLIED WITH THE REQUIREMENTS OF SECTION ‎6.05(i)(iv), IN EACH
CASE, SO LONG AS SUCH BREACHES ARE NOT THE RESULT OF GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ADGTJV OR THE JV PARTNER IN QUESTION.
FOR THE AVOIDANCE OF DOUBT, THE PARTIES AGREE THAT LOST PROFITS MAY BE AN APPROPRIATE MEASURE OF DAMAGES FOR ANY SUCH BREACH.

 

(d)              
Notwithstanding anything to the contrary contained in this Agreement, the Parties hereby agree that neither ADGTJV (or
the JV Partners) nor GE Aviation shall be liable to the other for any consequential, indirect, incidental, special, exemplary,
enhanced or punitive damages Regardless of Cause or Action or regardless of claims of ADGTJV’s customers or GE Aviation’s
other customers.

 

(e)              
The limitations set forth in ‎Section 8.01(a),  ‎Section 8.01(b)
and ‎Section 8.01(c) shall not apply to damages with respect to claims brought by the U.S. Department of Defense,
U.S. Department of Justice, or any U.S. or non-U.S. governmental entities due to the breach of a provision under this Agreement
(including any breach of ‎Section 9.05 (Compliance With Laws and Regulations)).

 

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(f)               
Upon an allegation of patent infringement against an LM Product or Spare Part, GE Aviation may, at its option and expense,
(i) procure for ADGTJV the right to continue using such LM Product or Spare Part; or (ii) replace or modify the LM Product or
Spare Part with a substantially equivalent product.

 

Section
8.02.     Disclaimer of Representations
and Warranties. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN THE WARRANTIES EXPRESSLY SET FORTH IN Section
‎8.03 ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES AND GUARANTEES, WHETHER WRITTEN, ORAL, EXPRESSED, IMPLIED
OR STATUTORY (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR PARTICULAR PURPOSE).

 

Section
8.03.     Warranties.

 

(a)              
Products Warranty. GE Aviation warrants to ADGTJV that the LM Products and Spare Parts sold hereunder shall be free
from defects in material, workmanship and title (“Products Warranty”) for the earlier of: (i) twelve (12) months
after initial use of the LM Products and Spare Parts for commercial operation or (ii) thirty (30) months after the date of shipment
of the LM Products and Spare Parts to ADGTJV (the “Products Warranty Period”).

 

(i)                
If within the Products Warranty Period, any of the LM Products and Spare Parts delivered hereunder do not meet the Products
Warranty and ADGTJV notifies GE Aviation in writing prior to the expiration of sixty (60) days from ADGTJV’s or the relevant
JV Partner’s discovery of such defect, GE Aviation shall, upon demonstration by ADGTJV to GE Aviation’s reasonable
satisfaction that such LM Product or Spare Part is defective, correct any such defect by either repairing the defective LM Product
or Spare Part or making available a repaired or replacement LM Product or Spare Part at GE Aviation’s facility. This obligation
does not include any responsibility or obligation to remove or reinstall a LM Product or Spare Part or to remove or alter any
portions of the installation performed by ADGTJV or its customer. At the request of GE Aviation, ADGTJV at ADGTJV’s expense
shall ship the defective LM Product or Spare Part to a location designated by GE Aviation. Whenever a LM Product or Spare Part
is repaired or replaced, the warranty period applicable to that repaired or replaced LM Product or Spare Part shall not exceed
the unexpired portion of the Products Warranty Period specified for the original LM Product or Spare Part. Any LM Product or Spare
Part which is replaced shall become the property of GE Aviation.

 

(ii)             
If the Products Warranty requires GE Aviation to provide an improved LM Product or Spare Part that results in compensation
to ADGTJV or the JV Partners from their customers, the Alliance Parties shall meet to discuss equitable sharing of such compensation
to the extent it is in excess of any damages paid to such customers by the JV Partners in connection with the applicable defective
LM Product or Spare Part.

 

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(iii)           
The Products Warranty shall be subject to GE Aviation’s receipt of available data on engine environment and performance
in the field.

 

(iv)            
Products Warranty Limitations.

 

(A)            
Except for the first four ‎(4) production units, GE Aviation does not provide a system-level Products Warranty for
LM Products and Spare Parts in connection LM9000, but only a Products Warranty for LM9000 OE Parts.

 

(B)              GE
Aviation does not provide any warranty for LM Products and Spare Parts for which the Margin Percentage is zero (0). During
the time period in which the Margin Percentage is being phased in per  Schedule 2, the warranty obligations
shall phase in progressively as well in the same proportion. Thus, the cost of fulfilling any Products Warranty obligations
during such time shall be shared proportionately between GE Aviation and ADGTJV.

 

(C)             
The Products Warranty does not apply to any LM Products and Spare Parts that: ‎(1) have been subjected to foreign object
damages, abuse, misuse, neglect, negligence, accident, improper testing, improper installation, improper storage, improper handling,
detrimental exposure, abnormal physical stress, or abnormal environmental conditions; ‎(2) have been used, repaired, maintained
or modified contrary to any of the then-current recommendations of GE Aviation as stated in its manuals, bulletins or other written
communications unless separately agreed to in writing during the PO process; or ‎(3) have been used with any third party products,
hardware, parts or product that has not been previously approved in writing by GE Aviation in accordance with the substantiation
and approval process of ‎Section 7.09.

 

(D)            
The liability of GE Aviation resulting from the foregoing Products Warranty shall not in any case exceed the cost of correcting
defects as provided above and shall not exceed the amounts set forth in ‎Section 8.01, and upon expiration of the shortest
period specified in ‎Section 8.03(a)(i), all such liability shall terminate. The foregoing shall constitute the sole
remedy of ADGTJV and the sole liability of GE Aviation for breach of warranty; provided that to the extent such repair or replacement
is not possible or is inadequate, then ADGTJV may seek monetary damages in accordance with the provisions of ‎ARTICLE 8.

 

(E)             
To the extent that ADGTJV introduces industrial parts over GE Aviation’s objection, or a LM Product or Spare Part
is operated outside of the applicable installation specifications/requirements as set forth in the aero-derivative engine IDM,
as provided by or agreed to by GE Aviation at the time an order for such engine is placed by ADGTJV and accepted by GE Aviation
(“Unapproved Operations”), the Products Warranty shall be deemed voided and the Products Warranty shall remain
only for defects that are not attributable to such industrial parts or Unapproved Operations. The scope of such Products Warranty
shall be based on the root cause of the defect. If such defect is a result

 

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of
ADGTJV’s-independently directed change or industrialization, then such Products Warranty shall not extend to such change.
For the avoidance of doubt, to the extent that ADGTJV proposes industrial hardware or engine operations for which GE Aviation
recommends a certain level of testing or validation at the time an order for such engine is placed by ADGTJV and accepted by GE
Aviation and ADGTJV rejects such level of testing or validation, then the Products Warranty shall be voided.

 

(v)              
Serial Defects and Outside Warranty.

 

(A)            
If, during a period outside the Products Warranty Period (such period, the “Outside Warranty Period”),
a Serial Defect with a LM Product or Spare Part is identified that is solely and directly attributable to GE Aviation and not
the operating environment or any other cause, the GE Aviation product leader of the aero-derivatives business will discuss with
ADGTJV or the JV Partners within the APCC, and the APCC will recommend for GE Aviation’s consideration, actions that would
mitigate the damages asserted against GE Aviation or ADGTJV or JV Partner(s), e.g., by granting potential concessions, on a case
by case basis, to the end customer to alleviate the costs of such defect on such customer (the “GE Aviation Customer
Concessions”). A “Serial Defect” shall be defined as defects that ‎(1) are discovered and fully
disclosed to GE Aviation in reasonable detail within four (4) years of delivery of the engine/part, ‎(2) impact fifteen (15)
or more engines within the same variant/model and affecting more than one Site, facility and operator where engines are being
operated within applicable installation specifications/requirements as set forth in the aero-derivative engine IDM, as provided
by or agreed to by GE Aviation, and (3) have not otherwise been satisfactorily addressed by GE Aviation through execution of the
Field Event Process. Under the “Field Event Process,” upon notice of any field event with a LM Product or Spare
Part provided by GE Aviation, GE Aviation will undertake an investigation sufficient to identify the root cause of such failure
and, where appropriate, will take subsequent actions to notify the installed base and recommend actions to mitigate potential
related future failures through service bulletins or other similar operator notifications.

 

(B)             
The Parties acknowledge that the discussions regarding such customer concessions will take into account the age of the
affected engines, fleet history (including the history of the engine from which the LM Product or Spare Part was derived), maintenance,
repair and overhaul history, fleet recommendations, operating time, and operating environment, among other relevant factors at
the time.

 

(C)             
In addition, in the event that during the Outside Warranty Period, Costs arising from a Serial Defect solely and directly
attributable to GE Aviation are not covered in whole or in part by insurance of any Party or the end customer, ADGTJV or a JV
Partner, as appropriate, may request a refund from GE Aviation for such Costs, which will be negotiated on a case by case basis;
provided that, in no event shall the aggregate amount of the GE Aviation

 

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Customer
Concessions and the Costs refunded by GE Aviation to ADGTJV or the JV Partner under this ‎Section 8.03 together exceed
the amount of margin ADGTJV paid to GE Aviation for the particular affected engines or spare parts, as such margin is calculated
pursuant to the terms of this Agreement. “Costs” as used in this paragraph are those costs, expenses and/or damages
actually incurred by ADGTJV or the JV Partner that are solely and directly attributable to GE Aviation as determined by the root
cause analysis process in effect for the GE Aviation business (currently, TOPS8D). In addition to the foregoing, ADGTJV and the
JV partners shall consult with GE Aviation before engaging in, and shall afford GE Aviation a reasonable opportunity to participate
in, any negotiations with customers which may result in a request for refund to GE Aviation, and shall otherwise use all reasonable
efforts to minimize Costs.

 

(b)              
Repair Warranty.

 

(i)                
GE Aviation warrants to ADGTJV that at the time of delivery of the repaired LM Products, the Repair Services performed
by GE Aviation will have been performed in a workmanlike manner (“Repair Warranty”). GE Aviation provides no
warranty for incidental materials and consumables utilized in the performance of the Repair Services and only the warranty given
by the manufacturer for such incidental materials and consumables, if any, shall apply. The Repair Warranty shall apply to defects
that appear within twelve (12) months from completion of the Repair Services (the “Repair Warranty Period”).

 

(ii)             
If any failure to meet the foregoing Repair Warranty with respect to Repair Services appears within the Repair Warranty
Period, ADGTJV shall notify GE Aviation in writing within sixty (60) calendar days of ADGTJV’s or the relevant JV Partner’s
discovery of the defect. Where GE Aviation reasonably agrees that a defect exists and such defect was caused by GE Aviation, GE
Aviation shall thereupon correct any defect by re-performing the defective Repair Services to the extent necessary and feasible
and, in the case where a Spare Part supplied by GE Aviation in performing a Repair Service is defective, GE Aviation shall, at
its option, repair the defective Spare Part or make available for delivery a replacement Spare Part. ADGTJV shall, at ADGTJV’s
cost, make the affected ADGTJV’s equipment available to GE Aviation at the Site (provided that ADGTJV can obtain the end
customer’s consent, if required) or at the repair facilities at GE Aviation’s option. ADGTJV shall be responsible
for performing any decontamination on the affected ADGTJV’s equipment prior to the performance of GE Aviation’s Repair
Warranty obligations. The re-performance of Repair Services by GE Aviation shall extend the duration of the Repair Warranty Period
for the Repair Services provided for an additional twelve (12) months. GE Aviation shall not be responsible for removal or replacement
of systems, structures or other portions of ADGTJV’s end product. The condition of any tests shall be mutually agreed upon
and GE Aviation shall be notified of and may be represented at all tests that may be made.

 

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(iii)           
GE Aviation does not warrant the Repair Services or any repaired or replacement Spare Parts (i) against normal wear and
tear including that due to environment or operation, including excessive operation at peak capability, misuse, frequent starting,
FOD damage, type of fuel, detrimental air inlet conditions or erosion, corrosion or material deposits from fluids or (ii) which
have been involved in an accident. The Repair Warranty and remedies set forth herein are further conditioned upon (i) the proper
storage, installation, operation, and maintenance of the LM Products and conformance with the operation instruction manuals (including
revisions thereto) as applicable and (ii) repair or modification pursuant to GE Aviation’s written instructions, manuals
or service bulletins unless otherwise agreed in writing at the time a PO is placed. GE Aviation does not warrant any equipment
or services of others provided by ADGTJV where GE Aviation does not normally supply such equipment or services.

 

(iv)            
The liability of the GE Aviation connected with or resulting from the Repair Warranty shall not in any case exceed the
cost of correcting the defect and, upon the expiration of the Repair Warranty Period, all such liability shall terminate. The
foregoing, shall constitute the sole and exclusive remedy of ADGTJV and the sole and exclusive liability of GE Aviation for breach
of warranty.

 

(c)              
Engineering Warranty.

 

(i)                
GE Aviation’s obligation is limited to providing qualified personnel to perform the services ordered by ADGTJV and
to perform the Services in a workmanlike manner. In no event shall GE Aviation be liable for, and ADGTJV hereby waives, releases
and renounces all warranties, obligations and liabilities of GE Aviation, and rights, claims and remedies of ADGTJV against GE
Aviation, expressed or implied, arising by law or otherwise, with respect to the quality of services or any incidental material
provided under this Agreement, including: ‎(1) any implied warranty of merchantability or fitness for a particular purpose;
‎(2) performance, course of dealing or usage of trade; ‎(3) any obligation, liability, right, claim or remedy in tort,
whether or not arising from the negligence of GE Aviation, actual or imputed; ‎(4) for any third party liability of ADGTJV
to any third party; ‎(5) where services are related to oil, gas or power facilities, any remedy, obligation, liability, right
or claim for loss of or damage to any oil, gas or power facility, or for loss of use, revenue or profit with respect to any oil,
gas or power facility and (6) for any other special, punitive, direct, indirect, incidental or consequential damages.

 

(ii)             
In the case of any Engineering Study/Inspection/Test Service provided in response to the POs issued pursuant to this Agreement,
GE Aviation does not warrant that any desired objective will result from the Engineering Study/Inspection/Test Service performed.

 

Section
8.04.     Insurance. ADGTJV,
at its own expense, shall maintain liability insurance in an amount adequate to cover its obligations under this Agreement during
the Term.

 

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ADGTJV
shall provide a certificate of insurance (or evidence of self-insurance) evidencing such coverage to GE Aviation upon request.
GE Aviation, at its own expense, shall maintain liability insurance in an amount adequate to cover its obligations under this
Agreement during the Term. GE Aviation shall provide a certificate of insurance (or evidence of self-insurance) evidencing such
coverage to ADGTJV upon request.

 

ARTICLE
9

GENERAL PROVISIONS

 

Section
9.01.     Representations and Warranties.

 

(a)              
Authority. Each Party represents and warrants that it has full power and authority to enter into and perform this
Agreement. Each Party represents and warrants that those persons signing this Agreement on behalf of such Party are duly authorized
Representatives of such Party and properly empowered to execute this Agreement.

 

(b)              
Formation and Authority of Parties; Enforceability. Each Party represents and warrants that it is a corporation
or a limited liability company, duly incorporated, formed or organized, validly existing and in good standing under the Laws of
its jurisdiction of incorporation. Each Party represents and warrants that it has the requisite corporate power to execute, deliver
and perform its obligations under this Agreement. Each Party represents and warrants that it has the requisite corporate power
to operate its business as now conducted and is duly qualified as a foreign corporation to do business, and to the extent legally
applicable, is in good standing, in each jurisdiction in which the character of its owned, operated or leased properties or the
nature of its activities makes such qualification necessary, except for jurisdictions where the failure to be so qualified or
in good standing would not reasonably be expected to adversely affect its ability to perform its obligations under this Agreement.
Each Party represents and warrants that this Agreement has been executed and delivered and constitutes the legal, valid and binding
obligations of either Party, enforceable against such Party in accordance with its respective terms, except as may be limited
by any applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws and equitable principles related to or affecting
creditors’ rights generally or the effect of general principles of equity.

 

(c)              
No Conflict. The execution, delivery and performance by the Parties of this Agreement do not and will not violate,
conflict with in any material respect, require consent under or result in any breach or default under, (i) the certificate or
articles of incorporation or bylaws or similar organizational documents of the Parties, (ii) any Law applicable to the Parties,
or with or without notice or lapse of time or both, the provisions of any material GE Aviation contract.

 

Section
9.02.     Notices. 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 electronic mail transmission (providing confirmation of transmission) to the respective
Parties. Any notice sent by electronic mail transmission shall be deemed to have been given and received at the time of confirmation
of

 

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transmission.
All notices, requests, claims, demands and other communications hereunder shall be addressed as follows, or to such other address
or email address for a Party as shall be specified in a notice given in accordance with this ‎Section 9.02.

 

(a)              
If to GE Aviation:

 

GE Aviation

1 Neumann Way

Cincinnati Ohio 45215

Attention: General Manager, Aero-derivatives Engine Program

 

with a copy to:

 

GE Aviation

1 Neumann Way

Cincinnati Ohio 45215

 

Attention: General Counsel

 

(b)              
If to BHGE:

 

Baker Hughes, a GE company,
LLC

17021 Aldine Westfield Road

Houston, Texas 77073

 

 

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

 

(c)              
 If to GE Power:

 

General Electric Company

33-41 Farnsworth Street

Boston, Massachusetts 02210

 

	Attention: 	James M. Waterbury	 
	Telephone: 	(617) 443-3030	 
	Email:	jim.waterbury@ge.com	 

 

Section
9.03.     Entire Agreement, Waiver
and Modification. This Agreement, the applicable GE Aviation Supplemental Terms, the Umbrella Agreement, and any POs issued
hereunder, including any PO Modification Agreement, are the complete and exclusive statement of the agreement between the Parties
relating to the subject matter hereof. No modification, termination or waiver of any provision hereof shall be binding upon a
Party unless made in writing and executed by an authorized Representative of such Party.

 

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Section
9.04.     No Third-Party Beneficiaries.
This Agreement is for the sole benefit of the Parties hereto and to the extent set forth expressly in the Agreement also the JV
Partners- 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 Aviation or ADGTJV, 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
9.05.     Compliance with Laws and
Regulations. Each Party covenants and agrees to comply with any and all Laws applicable to its performance under this
Agreement or use of the licenses and other information granted herein, including compliance with applicable export laws, rules
and regulations of the United States (or other foreign jurisdictions, as applicable). No Party will take any action, or refrain
to take an action, in violation of any such applicable Law that could result in any liability being imposed on any other Party.

 

Section
9.06.     Governing Law.

 

(a)              
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.

 

(b)              
The Parties exclude application of the United Nations Convention on Contracts for the International Sale of Goods.

 

Section
9.07.     Dispute Resolution.

 

(a)              
General Provisions. Any dispute, controversy or claim arising out of or relating to this Agreement or any related
agreement (a “Dispute”), including claims seeking redress or asserting rights under applicable Law relating
to matters addressed in this Agreement, shall be resolved in accordance with the procedures set forth herein. Until completion
of these procedures, no Party may take any action not contemplated herein to force a resolution of the Dispute by any judicial,
arbitral, or similar process. In connection with any Dispute, the Parties expressly waive and forego any right to (i) punitive,
exemplary, statutorily enhanced or similar damages in excess of compensatory damages and (ii) trial by jury. For avoidance of
doubt, any Dispute arising between the Parties after the Signing Date but prior to the Effective Date shall be subject to the
Dispute resolution procedures set forth in this Section 9.07, in which case references to the “Alliance Parties”
in this Section 9.07 shall be deemed to mean GE Aviation, BHGE, and GE Power (as applicable).

 

(b)              
Resolution by APCC and Senior Executives. If a Dispute cannot be resolved at an operational level, prior to submitting
such Dispute to the dispute resolution mechanism set forth in Section 9.07(c), the Alliance Parties shall first submit
such Dispute to the APCC who shall attempt, for a period of thirty (30) days, to resolve such Dispute (in accordance with Section
3.02(b)(v)). If, after a period of thirty (30) days, the APCC is unable to resolve such Dispute, or in the case of a Dispute
arising after the Signing Date but prior to formation of the APCC, either Alliance Party may give written notice to the other,
requesting that senior management of each Alliance Party attempt to resolve the Dispute. Within fifteen (15) days after the request,
the other Alliance Party shall provide a written response. The notice and the response shall designate the Alliance Party’s
senior manager and provide a statement of the Alliance Party’s position and a summary of reasons supporting that position.
The designated senior managers shall meet in person at a mutually acceptable place, or by telephone, within ten (10) days after
receiving the response to seek a resolution. If no resolution is reached by the expiration of sixty (60) days from the date of
the notice of Dispute, either Alliance Party may submit the Dispute to resolution pursuant to Section 9.07(c) or as further
provided herein.

 

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(c)              
Mediation. If the Alliance Parties’ senior management do not resolve the Dispute, either Alliance Party may
submit the Dispute for resolution to non-binding mediation by providing written notice to the other Alliance Party. The mediation
shall take place in Cincinnati, Ohio. Within thirty (30) days of receiving the written notice of a request for mediation, the
Alliance Parties shall mutually select a mediator. The mediation shall take place within sixty (60) days after the initial request
for mediation. Within ten (10) days of the conclusion of mediation, the mediator shall provide an evaluation of the Dispute and
the Alliance Parties’ relative positions. If the Alliance Parties are unable to reach a resolution pursuant to this ‎Section
9.07(c), then the Parties shall pursue resolution of such Dispute pursuant to ‎Section 9.07(d).

 

(d)              
Arbitration.

 

(i)                
If the Parties are unable to reach a resolution pursuant to ‎Section 9.07(c), either Party may submit the Dispute
for resolution by binding arbitration pursuant to the Rules of Arbitration of the ICC in effect at the time of the arbitration,
subject to such modifications set forth in this Agreement. The Parties consent to a single, consolidated arbitration for all Disputes
for which arbitration is permitted, provided that such Disputes are open at the time of the arbitration proceedings.

 

(ii)              The
arbitral tribunal shall be composed of three arbitrators. Each Party shall designate one arbitrator within sixty (60) days
after the request for arbitration is filed. The first two arbitrators shall select the third arbitrator within thirty
(30) days after the last of the first two arbitrators has been nominated, and shall not be affiliated with either Party. In
the event that the initial two arbitrators fail to agree to a third arbitrator, the third arbitrator shall be chosen by the
ICC. The arbitration proceedings shall be conducted in the English language, and all documents not in English submitted by
any Party must be accompanied by an English translation. In the event of a conflict between the English version and the
original version of any documents so translated, the English version shall control. The arbitration shall be conducted in New
York, New York, provided, however, that if such Dispute involves parties in addition to GE Aviation and ADGTJV, the Parties
agree to consider an arbitration site other than New York if reasonable to accommodate such multiparty arbitration. Each
Party shall be permitted to present its case, witnesses and evidence, if any, in the presence of the other applicable Parties.
Either Party can request a written transcript of the proceedings at that Party’s cost. The arbitrators shall determine
the Dispute in accordance with New York law, excluding provisions relating to conflict of laws, and shall apply this
Agreement according to its terms.

 

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(iii)           
The Parties agree that any Disputes resolved pursuant to this ‎Section 9.07 are commercial in nature. The Parties
agree to be bound by any award or order resulting from arbitration conducted hereunder notwithstanding any country’s Laws
or treaties with the United States to the contrary.

 

(iv)            
The Parties agree that in the context of an attempt by either Party to enforce an arbitral award or order, any defenses
relating to the Parties’ capacity or the validity of this Agreement or any related agreement under any Law are waived.

 

(v)              
Any judgment on an award or order resulting from an arbitration conducted under this ‎Section 9.07 may be entered
and enforced in any court, in any country, having jurisdiction over any of the Parties or their assets. The Parties hereto submit
to the non-exclusive jurisdiction of the courts of New York.

 

(vi)            
Each Party in any arbitration conducted under this ‎Section 9.07 shall bear its own costs and expenses including
its own attorneys’ fees, except that GE Aviation and ADGTJV shall share costs of the arbitrator equally. The award of the
arbitrator shall be paid in U.S. dollars, and shall not exceed actual compensatory damages and in no case shall include punitive,
exemplary or other similar damages. The Parties agree that the 1958 U.N. Convention on the Recognition and Enforcement of Foreign
Arbitral Awards applies to any purchase orders incorporating these terms and conditions of sale and to any arbitral award resulting
from any arbitration.

 

(vii)         
All statements made and documents provided or exchanged in connection with the Dispute Resolution process described herein
are confidential and neither Party shall disclose the existence or content of the Dispute, or the results of any dispute resolution
process, to third parties other than outside counsel, except with the prior written consent of the other Party or pursuant to
legal process.

 

(e)              
Each Party acknowledges that in the event of any actual or threatened breach of the provisions of any of ‎Section
6.02 - ‎Section 6.05, or ‎Section 9.08, the remedy at law would not be adequate, and therefore injunctive
or other interim relief may be sought immediately to restrain such breach. Upon appointment of the tribunal pursuant to ‎Section
9.07(d) following any grant of interim relief by a court, the tribunal may affirm or disaffirm such relief, and the Parties
shall seek modification or rescission of the court action as necessary to accord with the tribunal’s decision.

 

(f)               
The Parties agree that money damages may not be a sufficient remedy for breach of this Agreement and that the non-breaching
Party may, in addition to monetary damages, seek specific performance, injunctive relief or other equitable relief from a court
of competent jurisdiction located in Cincinnati, Ohio, or New York, New York, as a remedy for, or to prevent, such breach, and
only to avoid irreparable harm. Each of the remedies referenced in ‎Section 9.07(e) or ‎Section 9.07(f)
shall be in addition to and not in lieu of or at the exclusion of any and all other remedies available to the non-breaching Party
under this Agreement or at law.

 

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Section
9.08.     Confidentiality.
In addition, and not in contravention, to the confidentiality provisions set forth in the GE Aviation Supplemental Terms and the
Master Agreement, the Parties agree as follows:

 

(a)              
In connection with this Agreement, each Party (as to information disclosed, the “Disclosing Party”)
may provide another Party (as to information received, the “Receiving Party”) with Confidential Information.
“Confidential Information” means (a) all pricing for and Intellectual Property and Technology related to LM
Products, Spare Parts, Engineering Licensed Tools, Engineering Tools Services, and Services, GE Aviation Background IP, GE Aviation
Foreground IP, JV Partner Background IP, ADGTJV Foreground IP, and Joint Foreground IP, (b) all information that is designated
in writing as “confidential” or “proprietary” by the Disclosing Party at the time of written disclosure,
and (c) all information that is orally designated as “confidential” or “proprietary” by the Disclosing
Party at the time of oral disclosure and is confirmed to be “confidential” or “proprietary” in writing
within ten (10) days after oral disclosure. The obligations of this ‎Section 9.08 shall not apply as to any portion
of the Confidential Information that: (i) is or becomes generally available to the public other than from disclosure by the Receiving
Party, its Representatives or its Affiliates; (ii) is or becomes available to the Receiving Party or its Representatives or its
Affiliates on a non-confidential basis from a source other than the Disclosing Party when the source is not, to the best of the
Receiving Party’s knowledge, subject to a confidentiality obligation to the Disclosing Party with respect to such information;
(iii) is independently developed by Receiving Party, its Representatives or its Affiliates, without reference to the Confidential
Information as evidenced by written documents; or (iv) is approved for disclosure in writing by the Disclosing Party.

 

(b)              
The Receiving Party agrees, (i) to use the Confidential Information only in connection with this Agreement and permitted
use(s) and maintenance of the LM Products, Spare Parts and Services, (ii) to take reasonable measures to prevent disclosure of
the Confidential Information, except to its Representatives who have a need to know such information for such Receiving Party
to perform its obligations under this Agreement or in connection with the permitted use(s) and maintenance of the LM Products,
Spare Parts and Services, and (iii) not to disclose the Confidential Information to a competitor of the Disclosing Party. The
Receiving Party further agrees to obtain a commitment from any recipient of Confidential Information to comply with the terms
of this ‎Section 9.08 before disclosing the Confidential Information.

 

(c)              
If the Receiving Party or any of its Affiliates or Representatives is required by Law, legal process or a Governmental
Entity to disclose any Confidential Information, such Receiving Party agrees to provide the Disclosing Party with prompt written
notice to permit the Disclosing Party to seek an appropriate protective order or agency decision or to waive compliance by the
Receiving Party with the provisions of this ‎Section 9.08. If, absent the entry of a protective order or other similar
remedy, the Receiving Party is based on the advice of its counsel legally compelled to disclose such Confidential Information,
such Receiving Party may furnish only that portion of the Confidential Information that has been legally compelled to be disclosed,
and shall exercise its reasonable efforts in good faith to obtain confidential treatment for any Confidential Information so disclosed.

 

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(d)              
Upon written request of the Disclosing Party, the Receiving Party shall promptly at its option either: (i) return all Confidential
Information disclosed to it or (ii) destroy (with such destruction certified in writing by the Disclosing Party) all Confidential
Information, without retaining any copy thereof, except to the extent retention is necessary for the limited purpose to enable
permitted use(s) and maintenance of the LM Products, Spare Parts and Services. No such termination of this Agreement or return
or destruction of any Confidential Information will affect the confidentiality obligations of the Receiving Party all of which
will continue in effect as provided in this Agreement.

 

Section
9.09.     Counterparts; Electronic
Transmission of Signatures. This Agreement may be executed in any number of counterparts and by different Parties 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
9.10.     Assignment. No Party
shall assign this Agreement without the prior written consent of ADGTJV (in the case of GE Aviation) or GE Aviation (in the case
of ADGTJV or a JV Partner); provided, that, any Party may assign this Agreement, and all of its rights and obligations under this
Agreement, at any time to an Affiliate that is capable of performing under this Agreement. Neither Alliance Party shall assign
any PO hereunder without the prior written consent of the other Alliance Party; provided, that, either Alliance Party may assign
a PO at any time to an Affiliate that is capable of performing under such PO. Any permitted assignee of a Party shall be bound
by the terms and conditions of this Agreement.

 

Section
9.11.     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 “$” shall mean U.S. dollars; (e) the word “including” and words of similar import when used in this
Agreement shall mean “including without limitation,” unless otherwise specified; (f) the word “or” shall
not be exclusive; (g) references to “written” or “in writing” include in electronic mail 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) each Party has participated
in the negotiation and drafting of this Agreement and all schedules 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 any 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; (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, and if the last day of such period is not a Business Day, the period shall end on the next succeeding Business Day;
(n) wherever a license is granted to BHGE hereunder, such license, and all applicable related rights and obligations under ARTICLE
6, shall be understood to cover and apply to BHGE and its Affiliates (in the case of any Person that is an Affiliate, only for
so long as such Person remains an Affiliate, and provided that, notwithstanding anything in the definition of Affiliates to the
contrary, a Person shall not constitute an Affiliate of BHGE for the purposes of this Section 9.11(n) unless at least sixty
percent (60%) of the equity interests of such Person are owned by BHGE and its Affiliates); and (o) where a license is granted
to GE Aviation and its Affiliates hereunder, such license shall be granted to such Affiliate only for so long as such Person remains
an Affiliate of GE Aviation.

 

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Section
9.12.    
Non-Recourse. No past, present or future director, officer, employee, incorporator, member, partner, stockholder,
Affiliate, agent, attorney or Representative of any Party 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
9.13.     Subcontractor Flow Downs
for United States Government Commercial Items Contracts. If LM Products, Spare Parts and Services being procured by ADGTJV
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, ADGTJV shall expressly identify such use of any LM Product, Spare Part or Service in the
PO at which time GE Aviation may choose to accept or reject the PO based on its ability to produce such parts or render such services
in accordance with US government requirements. In such event, the Alliance Parties will agree to additional terms to be added
to this Agreement to ensure such procurement complies with all relevant government regulations.

 

Section
9.14.     Independent Contractors.
The relationship of GE Aviation and ADGTJV established by this Agreement is that of independent contractors.

 

Section
9.15.     Force Majeure. No
Party shall be responsible to any other Party for any failure or delay in performing any of its obligations under this Agreement
(including any POs issued hereunder) or for other nonperformance hereunder (excluding, in each case, the obligation to make payments
when due) to the extent such delay or nonperformance is caused by an event that is objectively outside of the reasonable control
of the impacted Party (or Parties), including fire, flood, earthquake, hurricane, act of God, war, act of terrorism, prolonged
and unforeseeable unavailability of power or raw materials or supply, act or failure of the government of any country or of any
local government. In such event, such affected Party (or Parties) shall use commercially reasonable efforts to resume performance
of its obligations as soon as possible and minimize the impact of the force majeure event, and will keep the other relevant Parties
informed of actions related thereto.

 

Section
9.16.     Press Release and Public
Statements. The initial press release with respect to the execution of this Agreement shall be a joint press release to
be reasonably agreed upon by GE and BHGE.  No Party nor any Affiliate or Representative of any Party, shall make, issue or
cause the publication of any press release or similar public announcement or otherwise communicate with any news media with respect
to this Agreement or any of the terms hereof or any disputes arising from this Agreement, without the prior written consent of
the other Party (which consent shall not be unreasonably withheld, conditioned or delayed), except (i) as a Party believes in
good faith and based on advice of counsel is required by applicable Law or by

 

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applicable
rules of a national securities exchange or trading market on which such Party or its affiliates lists or trade securities (in
which case the disclosing Party will (to the extent permitted by Law) use its commercially reasonable efforts to (a) advise the
other Party before making such disclosure and (b) provide such other Party a reasonable opportunity to review and comment on such
release or announcement, and consider in good faith any comments or positions on disclosure (including making redactions to preserve
confidentiality) with respect thereto) and (ii) that after any press release or public announcement has been made in accordance
with this ‎Section 9.16, each Party may make further public statements, press releases, public announcements,
investor presentations or calls, so long as such statements, press releases, public announcements, investor presentations or calls
are consistent in all material respects with (and do not disclose Confidential Information or other non-public information contained
in this Agreement other than information previously disclosed in) such previous statements, releases, public announcements, investor
presentations or calls made jointly by BHGE and GE. Further, the Parties agree not to make any disparaging or defamatory public
comments about the other Parties arising from actions under this Agreement.

 

Section
9.17.     ADGTJV Dissolution.

 

(a)              
Upon any dissolution of ADGTJV after the JV Effective Date but prior to the Trigger Date, or if the JV Effective Date has
not occurred as of the Trigger Date, then GE Aviation shall enter into a separate supply and technology development agreement
with each of BHGE (the “BHGE Agreement”) and GE Power (the “GE Agreement”), on the same
terms as those set forth herein (except for such changes as are necessary so that the BHGE Agreement no longer references GE Power
and the GE Agreement no longer references BHGE, and which in the case of BHGE will be in all respects limited to the BHGE Field
of Use and in the case of GE Power will be in all respects limited to the Power Field of Use). Following any such dissolution,
or in the event the JV Effective Date does not occur, each of BHGE and GE Power shall be jointly and severally liable for the
failure of ADGTJV to take any action required prior to the Trigger Date, and GE Aviation shall be liable to BHGE and GE Power
for any breach of GE Aviation’s obligations to the ADGTJV hereunder.

 

(b)              
Upon a dissolution of ADGTJV after the Effective Date, then:

 

(i)                
If at the time of dissolution, GE Aviation has the right to terminate this Agreement in accordance with ‎Section
4.02 (other than pursuant to Section 4.02(c) under circumstances where GE Aviation is not entitled to terminate this
Agreement for any other reason), then GE Aviation may terminate this Agreement under and in accordance with such Section.

 

(ii)             
If, at the time of dissolution, GE Aviation does not have the right to terminate this Agreement in accordance with ‎Section
4.02 (other than pursuant to Section 4.02(c)), then GE Aviation shall enter into a separate supply and technology development
agreement with each of BHGE and GE Power substantially the same as this Agreement (the “Replacement Agreements”),
except for such changes as are necessary to reflect the Applicable Terms.

 

 

[The
remainder of this page has been intentionally left blank.]

 

 

 

 

 

 

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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, acting through its GE Aviation business unit
	 	 
	 	 
	 	 	 
	 	By: 	/s/  Gary D. Mercer
	 	Name: Gary D. Mercer
	 	Title: Vice President & General Manager, Engineering

  

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

 

	 	GENERAL ELECTRIC COMPANY,
acting through its GE Power business
	 	 
	 	 
	 	 	 
	 	By:  	/s/ James M. Waterbury
	 	Name:  James M. Waterbury
	 	Title: Vice PresidentExhibit 10.3

 

 

 

 

 

 

SUPPLY AGREEMENT

 

dated as of November 13, 2018

 

between

 

GENERAL ELECTRIC COMPANY

 

and

 

BAKER HUGHES, A GE COMPANY, LLC

 

 

 

 

 

     

     

    

 

 

TABLE
OF CONTENTS

 

Page

 

	ARTICLE I DEFINITIONS	4
	 	 
	Section 1.01	Certain Defined Terms	4
	 	 	 
	ARTICLE II SCOPE	9
	 	 
	Section 2.01	Scope	9
	 	 	 
	ARTICLE III MUTUALLY EXCLUSIVE SUPPLY OF EXCLUSIVE PRODUCTS AND EXCLUSIVE SERVICES	9
	 	 
	Section 3.01	Commitment	9
	Section 3.02	Supplying Commitment	10
	Section 3.03	Termination of Exclusive Purchasing Commitment	10
	Section 3.04	Termination of Exclusive Supplying Commitment	10
	 	 	 
	ARTICLE IV QUANTITIES AND PURCHASE ORDERS	11
	 	 
	Section 4.01	Forecasts	11
	Section 4.02	Orders	11
	Section 4.03	PO Contents	12
	Section 4.04	Modifications and Scheduling POs	13
	Section 4.05	Acceptance of POs	13
	Section 4.06	Frame 5 Arrangements	14
	 	 	 
	ARTICLE V TERMS & CONDITIONS OF PURCHASE	14
	 	 
	Section 5.01	Terms & Conditions of Purchase	14
	Section 5.02	Certain Intellectual Property	15
	 	 	 
	ARTICLE VI ALLOCATION OF LIABILITY	15
	 	 
	Section 6.01	Limitation of Liability	15
	 	 	 
	ARTICLE VII PRICING, PAYMENT TERMS AND INVOICING	15
	 	 
	Section 7.01	Pricing and Payment Terms	15
	Section 7.02	Taxes	15
	 	 	 
	ARTICLE VIII TERM AND TERMINATION	16
	 	 
	Section 8.01	Term	16
	Section 8.02	Termination Events	16
	Section 8.03	Effect of Termination	18
	 	 	 
	ARTICLE IX GENERAL PROVISIONS	18
	 	 
	Section 9.01	Authority	18
	Section 9.02	Notices	19

 

    2 

     

    

	Section 9.03	Entire Agreement, Waiver and Modification	19
	Section 9.04	No Third-Party Beneficiaries	19
	Section 9.05	Compliance with Laws and Regulations	20
	Section 9.06	2017 Supply Agreement	20
	Section 9.07	Governing Law; Dispute Resolution	20
	Section 9.08	Force Majeure	21
	Section 9.09	Confidentiality	21
	Section 9.10	Counterparts; Electronic Transmission of Signatures	22
	Section 9.11	Survival	22
	Section 9.12	Assignment	22
	Section 9.13	Rules of Construction	22
	Section 9.14	Non-Recourse	23
	Section 9.15	Audit	23
	Section 9.16	Export Law Compliance	23
	Section 9.17	Severability	23
	Section 9.18	Subcontractor Flow Downs for United States Government Commercial Items Contracts	23
	Section 9.19	Independent Contractors	24

 

APPENDICES

 

	Appendix 1	HDGT New Units
	Appendix 2	HDGT Services
	Appendix 3	HDGT Engineering Services
	Appendix 4	Controls Products Services
	Appendix 5	Frame 5 Parts and Components
	Appendix 6	Certain Purchases and Manufactured Parts and Components as of the Date Hereof
	Appendix 7	Distribution Agreement Term Sheets
	Appendix 8	Supplier Terms
	Appendix 9	GE and BHGE Respective Exceptions
	Appendix 10	Competitors
	Appendix 11	Frame 5 Pricing from Purchaser to Supplier

 

    3 

     

    

 

SUPPLY AGREEMENT

 

This Supply Agreement,
dated as of November 13, 2018 (as amended, modified or supplemented from time to time in accordance with its terms, this “Supply
Agreement”), is made by and between General Electric Company, a New York corporation (“GE”), acting
through its GE Power business unit (“GE Power”), and legal entities operating on its behalf (“Supplier”),
and Baker Hughes, a GE company, LLC, a Delaware limited liability company (“BHGE LLC” or “Purchaser”)
on behalf of itself and its Affiliates (each a “Party”, and collectively, the “Parties”).

 

RECITALS

 

WHEREAS, pursuant to
that certain Master Agreement, dated as of November 13, 2018, among General Electric Company, a New York corporation (“GE”),
Baker Hughes, a GE Company, a Delaware corporation (“BHGE”) and BHGE LLC (the “Master Agreement”),
GE and BHGE desire to restructure their existing relationships to accommodate GE’s intention to exit its ownership interest
in BHGE over time;

 

WHEREAS, pursuant to
the Master Agreement, the Parties intend to enter into a Distribution Agreement in respect of Exclusive Products and Exclusive
Services;

 

WHEREAS, the Master Agreement
requires delivery of this Supply Agreement on or prior to December 31, 2018;

 

WHEREAS, Supplier desires
to supply to Purchaser and Purchaser desires to purchase from Supplier Exclusive Products and Exclusive Services; and

 

WHEREAS, the Parties
desire that this Supply Agreement and any POs issued, acknowledged and agreed to by Supplier pursuant to this Supply Agreement
establish the exclusive terms and conditions as to the transactions for Exclusive Products and Exclusive Services.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual agreements contained herein, the Parties hereby agree as follows:

 

Article
I

DEFINITIONS

 

Section
1.01Certain Defined Terms. The following capitalized terms used in this Supply Agreement shall have the meanings
set forth below:

 

“Accepted PO”
shall have the meaning set forth in Section 4.02.

 

“Additive Activities”
shall have the meaning set forth in that certain Amended and Restated Non-Competition Agreement, dated as of November 13, 2018,
between GE and BHGE (as amended, modified or supplemented from time to time).

 

    4 

     

    

“Affiliate”
shall mean, as to any Person, any other Person which, directly or indirectly, Controls, or is Controlled by, or is under common
Control with, such Person; however, for purposes of this Supply Agreement, (i) BHGE and its Subsidiaries shall not be considered
affiliates of GE and (ii) GE and its Subsidiaries (except for the Subsidiaries of BHGE) shall not be considered affiliates of BHGE.

 

“Amended and
Restated Digital Agreement” shall mean that certain Amended and Restated GE Digital Master Products and Services Agreement,
dated as of November 13, 2018, between GE Digital LLC and BHGE (as amended, modified or supplemented from time to time).

 

“Amended and
Restated Stockholders Agreement” shall mean that certain Amended and Restated Stockholders Agreement, dated as of November
13, 2018, between GE and BHGE (as amended, modified or supplemented from time to time).

 

“Amended and
Restated Trademark License” shall mean that certain Amended and Restated Trademark License, dated as of November 13,
2018, between GE and BHGE (as amended, modified or supplemented from time to time).

 

“BOP Equipment”
shall mean the grouping of the equipment (generators, heat recovery steam generators, environmental control systems solutions boilers,
auxiliary and ancillary mechanical and electrical equipment and components).

 

“Business Day”
shall mean 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.

 

“Change in Control”
shall mean, (i) with respect to BHGE or GE Power, any sale, transfer, assignment or other disposition (directly or indirectly)
by such Person, whether in a single transaction or series of related transactions, of all or substantially all of its assets (other
than to an Affiliate) to a Competitor, (ii) with respect to BHGE, any sale, transfer, assignment or other disposition (directly
or indirectly) by such Person, whether in a single transaction or series of related transactions, of all or substantially all of
the assets of the Turbomachinery & Process Solutions (TPS) business unit (other than to an Affiliate) to a Competitor, (iii)
with respect to GE Power, any sale, transfer, assignment or other disposition (directly or indirectly) by such Person, whether
in a single transaction or series of related transactions, of all or substantially all of the assets of the gas power systems (GPS)
and power services (PS) business units (other than to an Affiliate) to a Competitor, or (iv) with respect to BHGE or GE Power,
any consolidation, merger or reorganization of such Person with or into another entity or any other transaction (whether by way
of sales of assets or equity interest or otherwise) as a result of which the holders of a Competitor’s outstanding equity
interests possessing the voting power (under ordinary circumstances) to elect a majority of such Competitor’s board of directors
(or similar governing body) immediately prior to such transaction beneficially own, directly or indirectly, (A) a majority of the
equity, voting, beneficial or financial interests of the surviving entity, (B) the right to appoint or remove a majority of the
board of directors or members of an equivalent management body of the surviving entity, or (C) the power to direct or cause the
direction of the management and policies of the surviving entity.

 

    5 

     

    

“Competitor”
shall mean each of the Persons set forth on Appendix 10 or any of their respective Affiliates or any entity that acquires
control of these Persons or the majority of such Person’s relevant assets.

 

“Control”
or “Controlling” shall mean the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise.

 

“Controls Products”
shall mean the systems, equipment, parts and components and Services for the Mark VIe and Mark VIeS (other than, for the avoidance
of doubt, technological upgrades that would require more than a de minimis new product introduction investment from Supplier)
manufactured by Supplier for HDGTs, in each case as more particularly described on Appendix 4.

 

“Distribution
Agreement” shall mean that certain Distribution Agreement to be entered into prior to the Effective Date by Supplier
and Purchaser, substantially on the terms set forth in the Distribution Agreement Term Sheets.

 

“Distribution
Agreement Term Sheets” shall mean the term sheets attached as Appendix 7 that summarize the principal terms of
the Distribution Agreement in respect of the Exclusive Products and the Exclusive Services.

 

“Effective Date”
shall mean the Trigger Date.

 

“Exclusive Services”
shall mean (a) HDGT Services, (b) HDGT Engineering Services, (c) Frame 5 Parts and Components and (d) Controls Products.

 

“Exclusive Service
Category” shall mean, with respect to HDGTs and related Services, in each of the following individual categories: (a)
combustion capital parts, (b) hot gas path capital parts, (c) compressor rotors, air foils and associated components, (d) structures,
(e) repair services, (f) without duplication, all other Services, (g) HDGT Engineering Services and (h) Controls Products, in each
case, excluding any Frame 5 Parts and Components.

 

“Exclusive Products”
shall mean HDGT New Units.

 

“Frame 5 Parts
and Components” shall mean commercially available parts and components for Frame 5 heavy duty gas turbine models, in
each case as more particularly described on Appendix 5.

 

“GE Digital
Offerings” shall have the meaning as set forth in the Amended and Restated Digital Agreement.

 

“GE Digital
Services” shall have the same meaning as the term “Services” in the Amended and Restated Digital Agreement.

 

“Governmental
Entity” shall mean any United States federal, state or local, or foreign, international or supranational, government,
court or tribunal, or administrative, executive, governmental or regulatory or self-regulatory body, agency or authority thereof.

 

    6 

     

    

“HDGTs”
shall mean heavy duty gas turbine models that are classified as Frame 6B, Frame 6F.01, Frame 7E, Frame 9E, Frame 7F, Frame 9F,
Frame 7HA and Frame 9HA in Supplier’s manufactured gas turbine product portfolio.

 

“HDGT BOP Services”
shall mean Services in respect of HDGT NU BOP Equipment.

 

“HDGT Engineering
Services” shall mean those engineering activities as more particularly described on Appendix 3.

 

“HDGT New Units”
shall mean new HDGT assembles and the associated core engine control software thereof, in each case as more particularly described
on Appendix 1, and, for the purpose of this definition, expressly excluding BOP Equipment associated with such HDGT assemblies.

 

“HDGT NU BOP”
shall mean BOP Equipment in respect of HDGT New Units.

 

“HDGT Services”
means Services in respect of HDGTs (including for all purposes of this definition (i) the associated control system in respect
of any HDGT New Units and (ii) replacement of commercially available control system cards (like-for-like replacement) on BHGE’s
installed base as of the date hereof (which shall be agreed to by the Parties and attached hereto within thirty (30) days of the
date hereof), in each case, with respect to Mark V and Mark VIe control systems) and, to the extent supplied by Suppliers, HDGT
BOP Services.

 

“Law”
shall mean 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.

 

“Master Agreement”
shall have the meaning set forth in the Recitals.

 

“O&G Segment”
shall mean customers operating in the oil and gas industry for which the application is one or more of the following oil and gas
activities for mechanical drive and/or, to the extent provided in the sentence below, power generation: (i) drilling, evaluation,
completion and/or production; (ii) liquefied natural gas; (iii) compression and boosting liquids in upstream, midstream and downstream;
(iv) pipeline inspection and pipeline integrity management; (v) processing in refineries and petrochemical plants (including fertilizer
plants), in each case, subject to the exclusivity provisions and the exceptions thereto set forth in the Distribution Agreement.
The Parties acknowledge that the O&G Segment includes the opportunity to sell Exclusive Products and Exclusive Services to
customers otherwise within the O&G Segment (pursuant to one of the clauses of the preceding sentence) where fifty percent (50%)
or less of the power generated by such Exclusive Products or Exclusive Services will be dispatched to the grid, but not where more
than fifty percent (50%) of such power generated will be dispatched to the grid, such latter case being exclusively an opportunity
of Supplier, in each case, subject to the exclusivity provisions and the exceptions thereto set forth in the Distribution Agreement.

 

    7 

     

    

“Party”
shall mean Supplier and Purchaser individually, and “Parties” means Supplier and Purchaser collectively, and,
in each case, the legal entities operating on their behalf and entering into POs hereunder, and further in each case their permitted
successors and assigns.

 

“Person”
shall mean an individual, corporation, partnership, joint venture, association, trust, unincorporated organization, limited liability
company or governmental or other entity.

 

“POs”
shall mean purchase orders issued by Purchaser or any of its Affiliates to Supplier or any of its Affiliates for Exclusive Products
or Exclusive Services during the Term.

 

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

 

“Regardless
of Cause or Action” shall mean (to the maximum extent permitted by applicable Law), regardless of: cause, fault, default,
negligence in any form or degree, strict or absolute liability, breach of duty (statutory or otherwise) of any person, including
in each of the foregoing cases of the indemnified person, unseaworthiness of any vessel, or any defect in any premises/vessel;
for all of the above, whether pre-existing or not and whether the damages, liabilities, or claims of any kind result from contract,
warranty, indemnity, tort/extra-contractual or strict liability, quasi contract, Law, or otherwise.

 

“Representatives”
shall mean the applicable Party’s respective directors, officers, members, employees, representatives, agents, attorneys,
consultants, contractors, accountants, financial advisors and other advisors.

 

“Services”
shall mean (i) provision of commercially available parts and components, repairs, upgrades, conversions, modifications, technical
advisory services and training, installation, commissioning, operations and maintenance and maintenance services and (ii) additional
services and related ancillary and auxiliary equipment and BOP Equipment (where supplied by Supplier) in each case for similar
purpose and intent at the same site; including for all of the above for the avoidance of doubt in connection with any contractual
service agreements, long term supply agreements, supply agreements, maintenance management programs, operations and maintenance
or similar services agreements; but excluding, in each case, for all purposes any GE Digital Offerings and GE Digital Services.

 

“Subsidiary”
shall mean with respect to any Person, another Person, an amount of the voting securities or other voting ownership interests of
which is sufficient, together with any contractual rights, to elect at least a majority of its Board of Directors or other governing
body (or, if there are no such voting interests, 50% or more of the equity interests of which) is owned directly or indirectly
by such first Person.

 

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

 

“Supplier Sourcing
Share” shall have the meaning set forth in Section 3.04(b).

 

“Supplier Terms”
shall mean each applicable Supplier’s terms and conditions for the sale of Exclusive Products and the provision of Exclusive
Services, and as attached as Appendix 8 (part 8-1 in respect of HDGT New Units and Controls Products and part 8-2 in

 

    8 

     

    

respect to HDGT Services), with such amendments,
modifications and supplements to each such applicable terms as Supplier may adopt from time to time, but solely to the extent such
amendments, modifications and supplements are required by applicable Law and agreed by the Parties (which shall be incorporated
in the existing Supplier Terms applicable to this Supply Agreement as agreed to in writing by the Parties).

 

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

 

“Tax”
shall mean any federal, state, provincial, local, foreign or other tax, import, duty or other governmental charge or assessment
or escheat payments, or deficiencies thereof, including income, alternative, minimum, accumulated earnings, personal holding company,
franchise, capital stock, net worth, capital, profits, windfall profits, gross receipts, value added, sales, use, excise, custom
duties, transfer, conveyance, mortgage, registration, stamp, documentary, recording, premium, severance, environmental, real and
personal property, ad valorem, intangibles, rent, occupancy, license, occupational, employment, unemployment insurance, social
security, disability, workers’ compensation, payroll, health care, withholding, estimated or other similar tax and including
all interest and penalties thereon and additions to tax.

 

“Term”
shall have the meaning set forth in Section 8.01.

 

“Termination
Date” shall mean the date on which this Supply Agreement is terminated under Section 8.02.

 

“Trigger Date”
shall have the meaning as set forth in the Amended and Restated Stockholders Agreement, dated as of November 13, 2018, between
GE and BHGE (as amended, modified or supplemented from time to time).

 

Article
II

Scope

 

Section
2.01Scope. This Supply Agreement shall apply to all POs issued by Purchaser or any of its Affiliates to Supplier
or any of its Affiliates for Exclusive Products or Exclusive Services on or following the Effective Date during the Term in compliance
with the terms of this Supply Agreement.

 

Article
III

MUTUALLY Exclusive SUPPLY of Exclusive Products

and Exclusive Services

 

Section
3.01Commitment.

 

(a)  Exclusivity.
Pursuant to Section 3.01(b) and Section 3.02, and subject in each case to Section 3.03, during the Term, effective
as of the Effective Date, Supplier or any of its Affiliates acting on its behalf shall sell to Purchaser, and Purchaser or any
of its Affiliates acting on its behalf shall purchase from Supplier, as Purchaser’s sole supplier, one hundred percent (100%) of Purchaser’s requirements
of Exclusive Products and Exclusive Services in the O&G Segment.

 

    9 

     

    

 

(b)  Purchasing
Commitment. Purchaser expressly covenants and agrees that, during the Term, Purchaser shall not obtain Exclusive Products or
Exclusive Services from any source other than Supplier. Unless otherwise agreed to by the Parties, Purchaser will not, manufacture,
purchase, sell or distribute Exclusive Products or Exclusive Services in conjunction with any original equipment manufacturers,
and will exclusively source its requirements of such Exclusive Products or Exclusive Services from Supplier; provided, however,
that the obligation contained in this Section 3.01(b) shall exclude (x) parts and components that Purchaser as of the date
hereof makes independently or sources independently from third party suppliers as set forth on Appendix 6; and (y) for the
avoidance of doubt, any types of Services that Purchaser as of the date hereof performs independently or subcontracts to third
party suppliers.

 

Section
3.02Supplying Commitment. At all times during the Term, Supplier agrees to (a) possess and maintain the necessary
capacity, machinery, personnel and resources to sell to Purchaser or any of its Affiliates at least the volume of Exclusive Products
and Exclusive Services set forth in all outstanding Accepted POs and (b) make reasonable efforts to possess and maintain the necessary
capacity, machinery, personnel and resources to sell to Purchaser or any of its Affiliates the volume of Exclusive Products and
Exclusive Services set forth in all outstanding Purchaser Forecasts, as defined below.

 

Section
3.03Termination of Exclusive Purchasing Commitment. Without prejudice to any other rights or remedies to which
Purchaser may be entitled under this Supply Agreement or applicable Law, including the right to seek damages, specific performance
and/or injunctive relief, upon written notice to Supplier, Purchaser shall no longer be bound by Section 3.01(a) and Section
3.01(b) (i) if Supplier materially and repeatedly defaults on the performance of its obligations under (x) Section 3.01(a)
or Section 3.02 or (y) the Distribution Agreement and, in each case, is not able to cure such default within sixty (60)
days following written notice of such default from Purchaser or (ii) upon the occurrence of a Change in Control of GE Power; provided,
that if Supplier disputes that the default has occurred, then senior management representatives of the Parties shall meet, no later
than fifteen (15) days following delivery of written notice from one Party to the other Party requesting such meeting, to attempt
to resolve such dispute. The Parties agree to use all reasonable efforts to fully resolve the dispute and to find a cure within
the cure periods set forth above, and if not so resolved or cured, the termination shall become effective.

 

Section
3.04Termination of Exclusive Supplying Commitment. Without prejudice to any other rights or remedies to which
Supplier may be entitled under this Supply Agreement or applicable Law, including the right to seek damages, specific performance
and injunctive relief, upon written notice to Purchaser, Supplier shall no longer be bound by Section 3.01(a) if:

 

(a)  Purchaser
materially and repeatedly defaults on the performance of its obligations under (i) Section 3.01(a) and Section 3.01(b)
or (ii) the Distribution Agreement and, in each case, is not able to cure such default within sixty (60) days following written
notice of such default from Supplier; provided, that if Purchaser disputes that the default has occurred,

 

    10 

     

    

then senior management representatives
of the Parties shall meet, no later than fifteen (15) days following delivery of written notice from one Party to the other Party
requesting such meeting, to attempt to resolve such dispute. The Parties agree to use all reasonable efforts to fully resolve the
dispute and to find a cure within the cure periods set forth above, and if not so resolved or cured, such termination shall become
effective;

 

(b)  Purchaser
reduces in any given twenty-four (24)-month period the Supplier Sourcing Share with respect to any Exclusive Service Category (that
it purchases pursuant to this Supply Agreement) by thirty percent (30%) as compared to the Supplier Sourcing Share with respect
to such Exclusive Service Category purchased from Supplier in the most recently completed twenty-four (24) month period in respect
of such Exclusive Service Category during the applicable Term, and Supplier (i) has available capacity to supply such Exclusive
Service Category pursuant to the Supply Agreement and (ii) is not in material breach of this Supply Agreement (which such breach
is incapable of being satisfied or cured by the Supplier within thirty (30) calendar days following receipt of written notice from
the Purchaser of such breach); provided, that Supplier shall no longer be bound by Section 3.01(a) only with respect
to such Exclusive Service Category. Upon reasonable request from Supplier, Purchaser shall provide to Supplier, in reasonable detail,
the Supplier Sourcing Costs Share with respect to applicable time periods. For purposes of this Section 3.04(b), “Supplier
Sourcing Share” means the amount of the sourcing costs incurred by Purchaser with respect to any Exclusive Service Category
purchased by Purchaser from Supplier in any given period of time divided by the aggregate amount of the sourcing costs (including
costs internally incurred by Purchaser) as measured by the aggregate sales volume for such Exclusive Service Category sold by Purchaser
in the same measurement period; or

 

(c)  Upon
the occurrence of a Change in Control of BHGE.

 

Article
IV

Quantities and Purchase Orders

 

Section
4.01Forecasts. Commencing on the first November following the Effective Date, and on each subsequent anniversary
thereof, during the Term, Purchaser shall periodically provide Supplier with a rolling forecast setting forth its purchase requirements
for the following calendar year for each Exclusive Product and Exclusive Product Service (each a “Purchaser Forecast”).
Purchaser shall provide at least quarterly updates to a Purchaser Forecast in the event there are material changes in a Purchaser
Forecast. In addition, Purchaser and Supplier agree to meet every quarter to discuss Purchaser’s forecasting and strategic
plans so that the Parties can coordinate with respect to upcoming annual inventory needs.

 

Section
4.02Orders. Purchaser shall deliver POs for the quantities of Exclusive Products or Exclusive Services Purchaser
desires to purchase hereunder to standard lead time and cycle time targets (which targets the Parties shall agree to prior to the
Effective Date), and shall be in effect for the following thirty-six (36) months of the Term in respect of the Exclusive Services
and for twenty-four (24) months with respect to Exclusive Products. If the Parties are unable to agree to standard lead time and
cycle time targets prior to the Effective Date, then such standard lead times and cycle time targets will be determined by mediation
with a mutually

 

    11 

     

    

agreed upon mediator, and such determination
led by the mediator shall be final and binding for the Parties for any such lead times and cycle time targets agreed to by the
Parties in such mediation). The PO shall represent a binding commitment by Purchaser to purchase and, upon written acknowledgement
of the PO (each, an “Accepted PO”), a binding commitment by Supplier to supply such Exclusive Product or Exclusive
Product Service. For the avoidance of doubt, Supplier has an obligation to accept and acknowledge all POs from Purchaser that comply
with the terms of this Supply Agreement and the Supplier Terms, in each case without modification, following agreement by Supplier
on technical specifications in respect of such PO. Notwithstanding anything contained in this Supply Agreement or any PO, unless
otherwise expressly agreed upon by the Parties in writing, no modification of this Supply Agreement shall be effected by the use
of any Accepted PO or other form containing any terms and/or conditions that are inconsistent with those of this Supply Agreement
(other than modifications as agreed to in accordance with Section 4.03(h)). The Parties hereby acknowledge and agree that,
unless otherwise expressly agreed upon by the Parties in writing, any such inconsistent terms and conditions (other than modifications
as agreed to in accordance with Section 4.03(h)) shall be void and of no force or effect against the Parties and in the
event of any conflict between the terms and conditions contained in this Supply Agreement and any terms and conditions contained
in any Accepted PO or other form, the terms and conditions contained in this Supply Agreement and the applicable Supplier Terms
shall govern. The Steering Committee (as defined in the Distribution Agreement) shall review every one year during the Term established
lead times and cycle times for Exclusive Products and Exclusive Services and shall implement any agreed modifications.

 

Section
4.03PO Contents. POs issued by Purchaser or any of its Affiliates pursuant to this Supply Agreement shall contain:

 

(a)  a
PO number;

 

(b)  an
Exclusive Product or Exclusive Services description or reference and scope of supply;

 

(c)  the
requested delivery date or dates or delivery forecast and delivery terms if different from the terms set forth in the applied Supplier
Terms;

 

(d)  the
applicable prices as determined in accordance with Section 7.01 of this Supply Agreement or as otherwise agreed in writing
between the Parties;

 

(e)  the
quantities to be released for delivery;

 

(f)  any
applicable technical requirements;

 

(g)  any
clauses required by applicable Law;

 

(h)  any
clauses requested by Purchaser, including to comply with its customer terms, that are different from the Supplier Terms, which
will be highlighted in the PO in order to ensure that Supplier is aware of and can expressly agree to and comply with such clauses;
provided that any such different clauses accepted by Supplier must be expressly identified in Supplier’s acknowledgement
of the PO by clause or sub-clause number (as applicable); provided, further, that,
in each case, Supplier is not required to agree to any such Purchaser requests; and

 

    12 

     

    

 

(i)  a
statement on the face of the PO that reads as follows: “The parties agree that notwithstanding any reference to any other
document, this purchase order shall be governed by that certain Supply Agreement entered into by General Electric Company, a New
York corporation, on behalf of its GE Power business, and Baker Hughes, a GE company, LLC, a Delaware limited liability company
on November 13, 2018”; provided that the terms of this Supply Agreement shall apply notwithstanding the absence of
such statement on the face of any PO between the Parties during the Term of this Supply Agreement.

 

Section
4.04Modifications and Scheduling POs.

 

(a)  All
delivery dates, shipping instructions, quantities ordered and other like terms of an Accepted PO may be revised upon the issuance
by Purchaser to Supplier of a change order in writing; provided that any and all changes set forth in such change orders
must first be mutually agreed to by and between Purchaser and Supplier. If any such change results in an increase or decrease in
the cost or time required for the performance of the work under the Accepted PO, there shall be a mutually agreed equitable adjustment
of the Accepted PO price and the scheduled delivery date(s). Purchaser shall pay for all documented work that Supplier commenced
for which Supplier has incurred costs under the Accepted PO prior to any quantities being decreased, provided that Supplier shall
take commercially reasonable efforts to reduce such costs by re-using parts and components to the extent possible in its HDGT manufacturing
business. Supplier shall not be obligated to proceed with any requested changed or extra work, or other terms, until the price
of such change and its effect on the scheduled delivery date(s) have been agreed upon and effected by a change order.

 

(b)  Supplier
agrees to provide a general schedule (with detail reasonably sufficient for the complexity of the scope of supply of the application
to Purchaser to verify the progress in light of Supplier’s commitment) and confirmation of completion/shipment date(s) at
the time a PO is placed and accepted; provided that none of these schedules or confirmations shall modify any applicable
agreed delivery date(s) set forth in the relevant POs as accepted by Supplier. Subject to appropriate safeguards for the protection
of Supplier’s proprietary information and upon reasonable advance request, Supplier also agrees to allow Purchaser’s
staff regular access to its facilities to review the Accepted PO status and quality, and to provide a monthly report on schedule
status. In the event that any portion of Exclusive Products or Exclusive Services falls behind agreed delivery schedule in respect
of the applicable Accepted PO, Supplier shall (i) without prejudice to Purchaser’s rights under the Supplier Terms, provide
periodic written reasonably detailed report on action items as needed with regard to the status of the Accepted PO completion and
(ii) allow for on-site expediting by Purchaser or an agent appointed by them.

 

Section
4.05Acceptance of POs. All POs, acceptances, change orders and other writings or electronic communications between
the Parties, regardless of whether stated on the face of the PO or not, shall be governed by this Supply Agreement.

 

    13 

     

    

Section
4.06Frame 5 Arrangements. From the Effective Date, Supplier shall (a) deliver Frame 5 heavy duty gas turbine
nozzles (of the type supplied to Purchaser as of the date hereof from GE Hungary’s facility in Veresegyhaz, Hungary or such
other facility of GE Power that can provide such nozzles) (the “Frame 5 Nozzles”) (including any of Purchaser’s
finished goods inventory as of such delivery date) FCA GE Hungary’s facility in Veresegyhaz, Hungary or such other facility
of GE Power that can provide such Frame 5 Nozzles (Incoterms 2010) that Purchaser may order and (b) Purchaser shall sell to Seller,
on a non-exclusive, non-committed supply basis, on such other terms as set forth in that certain Amended and Restated Supply Agreement,
dated as of November 13, 2018, between BHGE and GE (whereby BHGE supplies GE with certain Seller Goods (as defined therein)) certain
(x) equipment, parts and components and (y) equipment, parts and components for upgrades, in each case, for Frame 5 heavy duty
gas turbine models at the applicable prices set forth on Appendix 11.

 

Article
V

Terms & Conditions of Purchase

 

Section
5.01Terms & Conditions of Purchase.

 

(a)  Purchases
made by Purchaser of Exclusive Products or Exclusive Services shall be subject to the following:

 

(i)  the
terms of this Supply Agreement;

 

(ii)  the
applicable Supplier Terms; and

 

(iii)  any
additional terms contained in POs issued hereunder (including, on a PO by PO basis, any modifications to the Supplier Terms that
the Parties may, from time to time, agree to in writing following negotiations as may be required to meet the specification and
contractual requirements of Purchaser or Purchaser’s end customer).

 

(b)  In
the event of a conflict in the construction of a PO, the following order of precedence will prevail:

 

(i)  the
terms of this Supply Agreement, excluding the applicable Supplier Terms;

 

(ii)  the
applicable Supplier Terms subject to any modifications pursuant to any Accepted PO agreed in accordance with Section 4.03(h);

 

(iii)  subject
to the limitations set forth in Section 5.02, Supplier’s software license for the license of Supplier’s software;

 

(iv)  subject
to the limitations set forth in Section 4.02, the terms of any Accepted POs issued hereunder; and

 

(v)  drawings,
specifications and related documents specifically incorporated by reference herein or in any PO.

 

    14 

     

    

Section
5.02Certain Intellectual Property. Any terms and conditions relating to intellectual property rights set forth
in (a) this Supply Agreement, (b) any Accepted POs issued hereunder or (c) the Supplier Terms that are inconsistent with the terms
and conditions contained in the Distribution Agreement, shall be subordinate to the terms of the latter.

 

Article
VI

Allocation of Liability

 

Section
6.01Limitation of Liability. Notwithstanding anything to the contrary contained in this Supply Agreement or the
applicable Supplier Terms, the Parties hereby agree that neither Purchaser nor Supplier shall be liable to the other for any loss
of profit or revenues, loss of use of equipment or systems, interruption of business, cost of replacement power, cost of capital,
downtime costs, increased operating cost, or any consequential, indirect, incidental, special or punitive damages Regardless of
Cause or Action or claims of Purchaser or Purchaser’s customers or Supplier or Supplier’s other customers for the foregoing
types of damages.

 

Article
VII

Pricing, Payment Terms and Invoicing

 

Section
7.01Pricing and Payment Terms. Pricing for Exclusive Products and Exclusive Services shall be based on the methodology
set forth on Appendix 1, Appendix 2, Appendix 3, Appendix 4 and Appendix 5. Charges in addition
to those determined by the applicable pricing methodology shall be agreed to in writing by Purchaser and Supplier. The Steering
Committee (as defined in the Distribution Agreement) shall periodically review pricing for Exclusive Products and Exclusive Services
and shall consider any modifications necessitated by engineering and fleet costs, changes in product configuration or product specifications.

 

Section
7.02Taxes.

 

(a)  Pricing
for Exclusive Products and Exclusive Services is exclusive of, and Purchaser 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 Exclusive Products or Exclusive Services purchased by Purchaser pursuant to this Supply Agreement; provided that (i)
to the extent such Taxes are required to be collected and remitted by Supplier, Purchaser shall pay such Taxes to such Supplier
upon receipt of an invoice from such Supplier (if applicable, accompanied by documentation related to a claim made by a tax authority)
and (ii) for the avoidance of doubt, such pricing shall be inclusive of, and Supplier shall bear, any income and similar Taxes
imposed on or payable by Supplier. Supplier will cooperate with Purchaser with respect to any reasonable request to modify the
process for the issuance of an invoice to allow Purchaser to reclaim taxes from the appropriate Tax authority.

 

(b)  Cooperation
The Parties will take reasonable steps to cooperate to minimize the imposition of, and the amount of, Taxes described in this Section
7.02.

 

    15 

     

    

Article
VIII

Term and Termination

 

Section
8.01Term. The term of this Supply Agreement (a) with respect to the supply and purchase of HDGT New Units, shall
commence on the Effective Date and, unless earlier terminated pursuant to Section 8.02, shall continue for a period of sixty
(60) months (the “HDGT New Units Initial Term”), (b) (i) with respect to the provision of HDGT Services, Controls
Products and Frame 5 Parts and Components, shall commence on the Effective Date and, unless earlier terminated pursuant to Section
8.02, shall continue for a period that is the later of (x) the twenty (20) year anniversary of this Supply Agreement or (y)
the operating service life of the HDGT in respect of which each HDGT Service, Controls Product or Frame 5 Part and Component relates
(collectively, “Exclusive Services Initial Term”) and (c) with respect to the provision of HDGT Engineering
Services, shall commence on the Effective Date and, unless earlier terminated pursuant to Section 8.02, shall continue for
a period of five (5) years (the “Engineering Services Original Term”). Following the Engineering Services Original
Term, this Supply Agreement shall automatically renew solely with respect to the supply of HDGT Engineering Services for an additional
term of five (5) years (together with the Engineering Services Original Term, the “Engineering Services Initial Term”).
Six (6) months prior to the expiration of each of the HDGT Units Initial Term, the Exclusive Services Initial Term and the Engineering
Services Initial Term, the Parties shall commence good faith discussions for a written extension of such term taking into consideration
all prior supply and sourcing arrangements between the Parties. The HDGT Units Initial Term, the Exclusive Services Initial Term,
the Engineering Services Initial Term, as applicable, plus any renewal term(s) are herein referred to as the “Term”.
Upon the Termination Date, the terms of this Supply Agreement shall continue to govern all Accepted POs governed by this Supply
Agreement that are entered into between the Parties prior to the Termination Date.

 

Section
8.02Termination Events.

 

(a)  Mutual
Agreement. This Supply Agreement may be terminated upon the mutual written agreement of the Parties.

 

(b)  Bankruptcy,
Insolvency. Either Party may terminate this Supply Agreement immediately by written notice to the other Party upon the occurrence
of any of the following events: (i) the other Party is or becomes insolvent or unable to pay its debts as they become due within
the meaning of the United States Bankruptcy Code (or any successor statute) or any analogous foreign statute; (ii) the other Party
appoints or has appointed a receiver for all or substantially all of its assets, or makes an assignment for the benefit of its
creditors; (iii) the other Party files a voluntary petition under the United States Bankruptcy Code (or any successor statute)
or any analogous foreign statute; or (iv) the other Party has filed against it an involuntary petition under the United States
Bankruptcy Code (or any successor statute) or any analogous foreign statute, and such petition is not dismissed within ninety (90)
days.

 

 

    16 

     

    

(c)  Termination
for Material Breach.

 

(i)  In
the event of a material breach by a Party of its other obligations hereunder (a “Material Breach”), the other
Party (the “Non-breaching Party”) shall provide written notice to the first Party (the “Breaching Party”)
as soon as reasonably practicable after the Non-breaching Party becomes aware of the occurrence of such Material Breach, which
notice shall contain a description of such Material Breach in reasonable detail (a “Notice of Material Breach”).
The failure or delay of the Non-breaching Party in delivery of a Notice of Material Breach shall not be deemed a waiver of any
rights of the Non-breaching Party unless and to the extent such failure or delay materially and adversely affects the Breaching
Party’s ability to cure such Material Breach. For the avoidance of doubt, any breach of the exclusivity provisions under
Section 3.03 or Section 3.04 shall constitute a Material Breach for purposes of this Section 8.02(c) and shall
be addressed solely as set forth in Section 3.03 or Section 3.04, as applicable.

 

(ii)  The
Breaching Party shall have the automatic right during forty five (45) day period in respect of a Material Breach following receipt
of a Notice of Material Breach to cure such material breach (the “Initial Cure Period”). Any efforts by the
Breaching Party to cure shall not be deemed an admission that the Breaching Party has committed a Material Breach. If the Breaching
Party has promptly and diligently taken reasonable steps to cure but such cure has not been completed within the Initial Cure Period,
then the period to cure shall be extended for a commercially reasonable time not to exceed thirty (30) days in respect of a Material
Breach to enable such cure to be completed (the “Extended Cure Period”), provided that, the cure period
shall not be extended if, notwithstanding all reasonable efforts, such cure could not be affected within the Extended Cure Period.

 

(iii)  If
the Breaching Party disputes that a Material Breach has occurred, or if a cure is not possible within the Initial Cure Period (or,
if applicable, the Extended Cure Period), then senior management representatives of the Parties shall meet, no later than fifteen
(15) days following delivery of written notice from one Party to the other Party requesting such meeting, to attempt to resolve
such dispute. The Parties agree to use all reasonable efforts to fully resolve the dispute and to find a cure within the Initial
Cure Period (or, if applicable, the Extended Cure Period). The Parties may extend the duration of such dispute resolution proceedings
for such period of time as may be mutually agreed in writing. If the Parties have not resolved such dispute by the end of thirty
(30) days following the written notice requesting a dispute resolution meeting of senior management, then the Non-breaching Party
may terminate the Supply Agreement by delivering written notice to such effect to the Breaching Party (the “Notice of
Termination”). Termination shall be without prejudice to any rights or remedies to which Supplier or Purchaser may be
entitled under this Supply Agreement or applicable Law, including the right to seek damages, specific performance and/or injunctive
relief.

 
  

    17 

     

    

(d)  Breaches
of Accepted POs. For the avoidance of doubt, the breach of an individual Accepted PO shall not constitute a breach of this
Supply Agreement; provided, however, Supplier may terminate this Supply Agreement upon notice to Purchaser: (i) for material
and repeated breaches of Accepted POs (other than payment obligations under such Accepted PO) by Purchaser that Purchaser has
not cured within one hundred eighty (180) days following written notice of default from Supplier, or (ii) defaults by Purchaser
of its payment obligations under any Accepted POs, for outstanding undisputed amounts, from time to time, individually or in the
aggregate, in excess of (A) $20 million for Exclusive Products and (B) $10 million for Exclusive Services, excluding agreed rejected
materials or settled delivery issues.

 

(e)  Termination
of the Distribution Agreement. For the avoidance of doubt, this Supply Agreement shall not terminate (i) upon a termination
of the Exclusive Products Appointment or the Exclusive Services Appointment (each as defined in the Distribution Agreement) or
(ii) the termination of Supplier’s or Purchaser’s obligations under Section 3.01(a) or Section 3.01(b),
respectively.

 

Section
8.03Effect of Termination.

 

(a)  Subject
to Section 8.03(b), the expiration or earlier termination of this Supply Agreement shall not relieve any Party of any of
its rights or liabilities arising prior to or upon such expiration or earlier termination, including under any pending Accepted
POs executed between the Parties.

 

(b)  Upon
expiration or termination of this Supply Agreement, Purchaser’s use of the name and trademarks of GE and/or its Affiliates,
including the words “General Electric” or “GE” with respect to Exclusive Products and in connection with
the provision of Exclusive Services shall be governed by the Amended and Restated Trademark License.

 

(c)  The
acceptance of any PO from, or the sale or provision of any Exclusive Products or Exclusive Services to Purchaser, after the expiration
or termination of this Supply Agreement shall not be construed as a renewal or extension hereof, nor as a waiver of termination,
but in the absence of a written agreement signed by one of the authorized representatives of Supplier herein, all such transactions
shall be governed by provisions identical to the provisions of this Supply Agreement.

 

(d)  Upon
a termination of the Supply Agreement pursuant to Section 8.02(d), the Parties will use reasonable efforts to enter into
a new supply agreement for Exclusive Products and Exclusive Services on terms that reflect pricing, standard terms, lead times
and product scope consistent with the supply relationship of the Parties prior to the Effective Date.

 

Article
IX

GENERAL PROVISIONS

 

Section
9.01Authority. Each Party represents that it has full power and authority to enter into and perform this Supply
Agreement. Each Party represents that those persons signing this Supply Agreement on behalf of such Party are duly authorized Representatives
of such Party and properly empowered to execute this Supply Agreement.

 

    18 

     

    

Section
9.02Notices. 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. 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 9.02.

 

		(a)	If to Supplier:

 

General Electric Company

33-41 Farnsworth Street

Boston, Massachusetts 02210

	Attention:	James M. Waterbury
	Telephone:	(617) 443-3030
	Facsimile:	(203) 286-2181
	Email:	jim.waterbury@ge.com
	 	 

		(b)	If to Purchaser:

 

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
9.03Entire Agreement, Waiver and Modification. This Supply Agreement, the applicable Supplier Terms and any Accepted
POs issued hereunder are the complete and exclusive statement of the agreement between the Parties relating to the subject matter
hereof. No modification, termination or waiver of any provision hereof shall be binding upon a Party unless made in writing and
executed by an authorized Representative of such Party.

 

Section
9.04No Third-Party Beneficiaries. This Supply Agreement is for the sole benefit of the Parties and their permitted
successors and assigns and nothing in this Supply Agreement, express or implied, is intended to or shall confer upon any other
Person, including any union or any employee or former employee of Supplier or Purchaser, 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 Supply Agreement.

 

    19 

     

    

Section
9.05Compliance 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 Supply 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. Each Party will comply
with its own business code of conduct.

 

Section
9.062017 Supply Agreement. Effective as of the Effective Date, no Exclusive Product or Exclusive Service offered
pursuant to this Supply Agreement shall be available for supply or purchase (as applicable) under the Amended and Restated Supply
Agreement, dated as of November 13, 2018, between GE and BHGE.

 

Section
9.07Governing Law; Dispute Resolution.

 

(a)  This
Supply 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.

 

(b)  The
parties exclude application of the United Nations Convention on Contracts for the International Sale of Goods.

 

(c)  Any
dispute arising out of or in connection with this Supply Agreement or any POs issued under it between Purchaser and Supplier should
be resolved as rapidly as reasonably possible pursuant to good faith discussion between the respective project or transaction level
employees. If a dispute cannot be resolved between the project or transaction level employees within four (4) weeks of the dispute
arising, the project or transaction level employees should submit the dispute to senior leadership of their respective businesses
for resolution. If the dispute is nonetheless unresolved, the dispute resolutions procedures in (d) below shall apply.

 

(d)  Any
dispute arising out of or in connection with this Supply Agreement or an individual Accepted PO that cannot be settled by the negotiation
procedure set forth in Section 9.07(c) shall be resolved in accordance with the dispute resolution provision in Supplier
Terms.

 

(e)  In
the event of a breach of the covenants contained in Section 3.01(a) and Section 3.01(b), in addition to any other
right or remedy afforded to the non-breaching Party under this Supply Agreement or under any applicable Law, (i) Supplier and Purchaser
acknowledge and agree that it would be extremely difficult to accurately determine the amount of damages suffered by the non-breaching
Party as a result of such breach and (ii) the Parties further agree that money damages may not be a sufficient remedy for any breach
of the foregoing covenant, and that the non-breaching Party also shall be entitled to seek specific performance, injunctive relief
or other equitable relief as a remedy for any such breach without the necessity of posting a bond or other security, except as
may be expressly mandated under any applicable Law. Each of the foregoing remedies shall be in addition to and not in lieu of or
at the exclusion of any and all other remedies available
to the non-breaching Party under this Supply Agreement or at law or equity.

 

    20 

     

    

 

Section
9.08Force Majeure. Neither Party shall be liable or considered in breach of its obligations under this Supply
Agreement to the extent that such Party’s performance is delayed or prevented, directly or indirectly, by any cause objectively
beyond its reasonable control or reasonable planning, or by armed conflict, acts or threats of terrorism, epidemics, strikes, or
acts or omissions of any governmental authority. If a force majeure event of the nature described above occurs, the schedule for
such Party’s performance shall be extended by the amount of time lost by reason of the event plus such additional time as
may be needed to promptly overcome the effect of the event.

 

Section
9.09Confidentiality. In addition, and not in contravention, to the confidentiality provisions set forth in the
Supplier Terms, the Parties agree as follows:

 

(a)  In
connection with this Supply Agreement, Supplier and Purchaser (as to information disclosed, the “Disclosing Party”)
may each provide the other Party (as to information received, the “Receiving Party”) with Confidential Information.
“Confidential Information” means (a) all pricing for Exclusive Products or Exclusive Services, (b) all information
that is designated in writing as “confidential” or “proprietary” by the Disclosing Party at the time of
written disclosure, and (c) all information that is orally designated as “confidential” or “proprietary”
by the Disclosing Party at the time of oral disclosure and is confirmed to be “confidential” or “proprietary”
in writing within 10 days after oral disclosure. The obligations of this Section 9.09(a) shall not apply as to any portion
of the Confidential Information that: (i) is or becomes generally available to the public other than from disclosure by the Receiving
Party, its Representatives or its Affiliates; (ii) is or becomes available to the Receiving Party or its Representatives or its
Affiliates on a non-confidential basis from a source other than the Disclosing Party when the source is not, to the best of the
Receiving Party’s knowledge, subject to a confidentiality obligation to the Disclosing Party with respect to such information;
(iii) is independently developed by Receiving Party, its Representatives or its Affiliates, without reference to the Confidential
Information as evidenced by written documents; or (iv) is approved for disclosure in writing by the Disclosing Party.

 

(b)  The
Receiving Party agrees, (i) to use the Confidential Information only in connection with this Supply Agreement and permitted use(s)
and in connection with Exclusive Products and Exclusive Services, (ii) to take reasonable measures to prevent disclosure of the
Confidential Information, except to its Representatives who have a need to know such information for such Party to perform its
obligations under this Supply Agreement or in connection with the permitted use(s), including resale of HDGT New Units and HDGT
Services to Purchaser’s customers and (iii) not to disclose the Confidential Information to a competitor of the Disclosing
Party. The Receiving Party further agrees to obtain a commitment from any recipient of Confidential Information to comply with
the terms comparable to this Section 9.09(b) before disclosing the Confidential Information.

 

 

    21 

     

    

(c)  If
the Receiving Party or any of its Affiliates or Representatives is required by Law, legal process or a Governmental Entity to
disclose any Confidential Information, that Party agrees to provide the Disclosing Party with prompt written notice to permit
the Disclosing Party to seek an appropriate protective order or agency decision or to waive compliance by the Receiving Party
with the provisions of this Section 9.09. If, absent the entry of a protective order or other similar remedy, the
Receiving Party is based on the advice of its counsel legally compelled to disclose such Confidential Information, such Party
may furnish only that portion of the Confidential Information that has been legally compelled to be disclosed, and shall
exercise its reasonable efforts in good faith to obtain confidential treatment for any Confidential Information so
disclosed.

 

(d)  Upon
written request of the Disclosing Party, the Receiving Party shall promptly at its option either: (i) return all Confidential Information
disclosed to it or (ii) destroy (with such destruction certified in writing by the Disclosing Party) all Confidential Information,
without retaining any copy thereof, except to the extent retention is necessary for the limited purpose to enable permitted use(s)
and maintenance of Exclusive Products and Exclusive Services. No such termination of this Supply Agreement or return or destruction
of any Confidential Information will affect the confidentiality obligations of the Receiving Party all of which will continue in
effect as provided in this Supply Agreement.

 

(e)  No
Party shall make any press release or similar public announcement with respect to this Supply Agreement or any of the matters referred
to herein.

 

Section
9.10Counterparts; Electronic Transmission of Signatures. This Supply 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
9.11Survival. The provisions of Article V, Article VI, Article VII, Article VIII
and Article IX of this Supply Agreement shall survive its termination.

 

Section
9.12Assignment. Neither Purchaser nor Supplier shall be entitled to assign this Supply Agreement or any PO that
incorporates this Supply Agreement to a third party non-Affiliate without the prior written consent of the other Party. Any assignee
of Supplier or Purchaser shall be bound by the terms and conditions of this Supply Agreement.

 

Section
9.13Rules of Construction. Interpretation of this Supply 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 Appendix are references
to the Articles, Sections, paragraphs and Appendices of this Supply Agreement unless otherwise specified; (c) the terms “hereof”,
“herein”, “hereby”, “hereto”, and derivative or similar words refer to this entire Supply Agreement,
including the Appendices and Exhibits hereto; (d) references to “$” shall mean U.S. dollars; (e) the word “including”
and words of similar import when used in this Supply Agreement shall mean “including without limitation,” unless otherwise
specified; (f) the word “or” shall not be exclusive; (g) references to “written” or “in writing”
include in electronic mail form; (h) provisions shall apply, when appropriate, to successive events and transactions; (i) the headings
contained in this Supply Agreement are for reference purposes only and shall not affect in any way the meaning or

 

    22 

     

    

interpretation of this Supply Agreement;
(j) Supplier and Purchaser have each participated in the negotiation and drafting of this Supply Agreement and all appendices and
if an ambiguity or question of interpretation should arise, this Supply 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 Supply 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
Supply Agreement, the date that is the reference date in calculating such period shall be excluded, and if the last day of such
period is not a Business Day, the period shall end on the next succeeding Business Day.

 

Section
9.14Non-Recourse. No past, present or future director, officer, employee, incorporator, member, partner, stockholder,
Affiliate, agent, attorney or Representative of Supplier or Purchaser shall have any liability for any obligations or liabilities
of such Party under this Supply Agreement of or for any claim based on, in respect of, or by reason of, the transactions contemplated
hereby.

 

Section
9.15Audit. Supplier shall maintain a complete and correct set of records pertaining to expenses and other reimbursable
costs that have been invoiced to Purchaser pursuant to the provision of Exclusive Products or Exclusive Services under this Supply
Agreement and compliance with Law (if Exclusive Products or Exclusive Services being procured are in support of a United States
government end customer or an end customer funded in whole or in part by the United States government) applicable to Supplier’s
performance under this Supply Agreement (the “Records”). During the Term of this Supply Agreement and for 12-months
from such expiration or termination, upon reasonable prior notice and during normal business hours, at Purchaser’s election
and expense, to conduct one reasonable audit of the Records of Supplier through an audit conducted by an independent third party
auditor. Supplier shall take all reasonable measures to ensure the safety of any auditor who is present on its premises.

 

Section
9.16Export 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 Supply Agreement.

 

Section
9.17Severability. The invalidity or unenforceability of any term or provision of this Supply Agreement shall
not affect the validity or enforceability of the remaining terms and provisions hereof and each provision of this Supply Agreement
shall be valid and enforceable to the fullest extent permitted by Law.

 

Section
9.18Subcontractor Flow Downs for United States Government Commercial Items Contracts. If Exclusive Products
or Exclusive Services being procured by Purchaser 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, Purchaser shall expressly identify
such use of any Exclusive Product or Exclusive Product 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.

 

Section
9.19Independent Contractors. The relationship of Supplier and Purchaser established by this Supply Agreement
is that of independent contractors.

 

    23 

     

      
 

IN WITNESS WHEREOF, the
Parties have caused this Supply 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	 

 

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

 

 

     

     

    

Appendix 7-1

 

Project
Panda

Exclusive Distributor Agreement (Exclusive Products)

Term Sheet

 

The following summarizes the
principal terms of an Exclusive Distributor Agreement (the “Distribution Agreement”), proposed to be entered
into among General Electric Company, a New York corporation, acting through its GE Power business unit (“GE Power”),
and legal entities operating on its behalf, and Baker Hughes, a GE company, LLC, a Delaware limited liability company, on behalf
of itself and its Affiliates (“BHGE”), pursuant to which GE Power will appoint BHGE, acting through its Affiliates
to be its exclusive distributor of the Exclusive Products (as defined below) within the O&G Segment. GE Power shall sell to
BHGE, and BHGE shall purchase from GE Power, as BHGE’s sole supplier, 100% of BHGE’s requirements of Exclusive Products
pursuant to that certain HDGT Supply Agreement, dated as of November 13, 2018, between GE Power and BHGE (the “Supply
Agreement”).

 

	Exclusivity	For the duration of the
        Term of the Distribution Agreement, in compliance with applicable Law, GE Power will appoint BHGE to be its exclusive
        distributor (exclusive also vis-à-vis GE Power) for the Exclusive Products within the O&G Segment (and BHGE
        may not provide, directly or indirectly, the Exclusive Products outside of the O&G Segment). In each case, such distribution
        exclusivity will require the same commitment as the supply and purchase exclusivity set forth in Section 3.01(a) and Section
        3.02 of the Supply Agreement.

         

        The above exclusivity
        is subject to the following exceptions, where GE Power will have exclusivity (vis-à-vis BHGE):

         

        ·    Opportunities
        to sell non-mechanical drive F (excluding 6F.01) HDGTs and HA HDGTs to customers within the O&G Segment including
        natural gas-based fertilizer customers;

         

        ·    Opportunities
        to sell HDGTs to customers within the O&G Segment where more than 50% of the power generated by such Exclusive Products
        will be dispatched to the grid; and

         

        ·    Opportunities
        to sell HDGTs to independent power producers (“IPPs”) end users within the O&G Segment that sell
        power to such IPPs’ end user, unless such end user specifies an American Petroleum Institute configuration.

         

        In addition:

         

        · BHGE
        shall have a non-exclusive right to purchase GE Power’s BOP Equipment in respect of Exclusive Products under the
        terms of the Supply Agreement.

         

        · GE
        Power shall have the right to communicate with customers within the O&G Segment that purchase gas turbines with a
        maximum rating of less than 20MW for plants at or below 25MW total plant size (“Low MW HDGTs”) from
        BHGE 

        

    1

    

    

	 	for the purpose
        of providing products and services other than heavy duty gas turbines;

         

        For the avoidance
        of doubt, (a) sales within the O&G Segment of Low MW HDGTs are exclusive to BHGE and (b) sales outside of the O&G
        Segment of Low MW HDGTs shall be non-exclusive to either Party.

         

        · BHGE
        shall be prohibited from manufacturing, purchasing or distributing HDGT spare parts in conjunction with any original equipment
        manufacturers within the O&G Segment, and will exclusively source such HDGT spare parts from GE Power; provided,
        however, that this obligation shall exclude parts and components that BHGE currently manufactures or sources independently
        from third party suppliers as set forth on an appendix to the Supply Agreement; and any types of Services that Purchaser
        as of the date hereof performs independently or subcontracts to third party suppliers.

         

        · The
        Parties acknowledge that the O&G Segment includes the opportunity to sell Exclusive Products to customers otherwise
        within the O&G Segment where fifty percent (50%) or less of the power generated by such Exclusive Products will be
        dispatched to the grid, but not where more than fifty percent (50%) of such power generated will be dispatched to the
        grid, such latter case being exclusively an opportunity of Supplier, in each case, subject to the exclusivity provisions
        and the exceptions thereto set forth in the Distribution Agreement.

         

        BHGE will provide GE
        Power a customary right of first refusal to participate on any BHGE NPI development of heavy duty gas turbines.

        

	Steering
    Committee	The parties shall establish
        no later than thirty (30) days following the date of the Distribution Agreement a governance council (a “Steering
        Committee”) that will oversee all aspects of the relationships contemplated by the Distribution Agreement. Each
        Party shall designate four (4) (or such other number as the parties mutually agree) persons to serve as members of such
        Steering Committee, which such persons shall be the respective Marketing or Sales Executives and Product Leadership Executives
        (collectively, the “Senior Sales Leaders”) of GE Power and BHGE, respectively.

         

        From time to time, as
        required, at mutually agreed locations or telephonically, but no less than quarterly, the Steering Committee shall meet
        to review, among other things:

         

        · the
        prices of the Exclusive Products as provided in the Supply Agreement;

         

        · standard
        lead times and cycle time targets as provided in the Supply Agreement; 

         

        · developments
        of HDGT New Units and Control Products, in each case, that are natural extensions or derivatives of such (“Derivatives”);
        and if BHGE elects to include such Derivatives in the Exclusive Products, the Steering Committee shall 

        

    2

    

    

	 	discuss in
        good faith any adjustment to the pricing for the supply of such Derivatives;

         

        · potential
        adoption by BHGE of a control product that is a technological upgrade that contemplates more than a de minimis new product
        introduction investment from Supplier or its affiliates (e.g., a Mark VII) and its exclusive use in BHGE’s
        installed base, in each case subject to agreement on the scope of such exclusivity and pricing for such adoption, supply
        and exclusivity; and

         

        · any
        disputes between the parties.

         

        The review, approval
        or disapproval of all decisions by the Steering Committee shall be made by unanimous consent of the members of the Steering
        Committee.

         

        The Steering Committee
        shall have the power to mediate disputes between or among the Senior Sales Leaders of GE Power and BHGE. In the event
        the Steering Committee does not reach agreement with respect to any dispute that requires a resolution, the Steering Committee
        may be enlarged to include additional members, which such persons shall be the P&L VP, CFO, General Manager or Vice
        President of GE Power and BHGE, respectively, in order to reach such resolution.

        

	Term	The
    term of the Distribution Agreement shall commence on the Trigger Date (as defined in the Amended and Restated Stockholders
    Agreement) and, unless earlier terminated, shall continue for a period of five years (the “Term”).  Six
    months prior to the expiration of the Term, the parties shall commence good faith discussion regarding an extension of the
    Distribution Agreement in line with all prior supply and sourcing arrangements between the parties.
	Business
    Associates	GE
    Power will not be restricted from entering into new agreements with business associates (“BAs”) outside
    of the O&G Segment and maintaining its BA arrangements within the O&G Segment (i) as described in the Channel Agreement
    (Schedule A) and (ii) as existed on July 3, 2017.
	Termination	The
    exclusivity arrangements under this Distribution Agreement may be terminated pursuant to Section 3.03, Section 3.04 or Article
    VIII, as applicable, of the Supply Agreement.
	Engineering	Technical and commercial
        support in ITO and pre-ITO (pre-RFP) will be provided free of charge through GE Power’s sales organization (for
        the avoidance of doubt, such services are the services 1 to 7 per the attached APPENDIX 3 entitled “HDGT
        Engineering Services Guidelines”).

         

        Specific engineering
        studies will be charged on a cost plus basis, with margin at 10%.

        

    3

    

    

	 	BHGE
    will be granted access to GE Power’s engineering resources for the purpose of addressing customer field issues, on a
    cost plus basis (margin at 10%).  Per the attached appendix entitled “Engineering Services Guidelines Attachment”,
    engineering services will be provided on a cost-plus basis (margin at 10%).
	Intellectual
    Property	Any
    intellectual property in respect of Exclusive Products shall be governed by the Amended and Restated Intellectual Property
    Cross License, dated as of November 13, 2018, between GE and BHGE.
	Definitions	Capitalized
    terms used but not defined herein shall have the respective meanings ascribed to such terms in the Supply Agreement.
	Other
    Terms	All
    other terms and conditions necessary for a final Distribution Agreement and related agreements (e.g., Termination,
    Applicable Law, Dispute Resolution, Construction, etc.) shall be as per the Supply Agreement. 

 

 

    4

     

    

 

Appendix 7-2

 

Project
Panda

Exclusive Distributor Agreement (Exclusive Services)

Term Sheet

 

The following summarizes the
principal terms of an Exclusive Distributor Agreement (the “Distribution Agreement”), proposed to be entered
into among General Electric Company, a New York corporation (“GE”), acting through its GE Power business unit
(“GE Power”), and legal entities operating on its behalf, and Baker Hughes, a GE company, LLC, a Delaware limited
liability company, on behalf of itself and its Affiliates (“BHGE”), pursuant to which GE Power will appoint
BHGE, acting through its Affiliates to be its exclusive distributor of the Exclusive Services (as defined below) within the O&G
Segment. GE Power shall sell to BHGE, and BHGE shall purchase from GE Power, as BHGE’s sole supplier, 100% of BHGE’s
requirements of Exclusive Services pursuant to that certain HDGT Supply Agreement, dated as of November 13, 2018, between GE Power
and BHGE (the “Supply Agreement”).

 

	Exclusivity	For the duration
        of the Term of the Distribution Agreement, in compliance with applicable Law, GE Power will appoint BHGE to be its exclusive
        distributor (exclusive also vis-à-vis GE Power) for the Exclusive Services within the O&G Segment. In each
        case, such distribution exclusivity will require the same commitment as the supply and purchase exclusivity set forth
        in Section 3.01(a) and Section 3.02 of the Supply Agreement.

         

        The above
        exclusivity is subject to the following exceptions, where GE Power will have exclusivity (vis-à-vis BHGE):

         

        1.       Opportunities
        to provide products and services for F and HA HDGTs and corresponding balance of plant (i.e., Power Island equipment)
        (other than 6F.01 HDGTs and any F and HA HDGTs with a mechanical drive) within the O&G Segment;

         

        2.       Opportunities
        to provide products and services within the O&G Segment for gas turbine-based power generation plant equipment and
        other original equipment manufacturer Power Island equipment where more than 50% of the power generated will be dispatched
        to the grid;

         

        3.       Opportunities
        to provide products and services to independent power producers (“IPPs”) that sell power to such IPPs’
        end users within the O&G Segment, unless such end user within the O&G Segment specifies an American Petroleum
        Institute configuration; and

         

        4.       Opportunities
        to provide products and services to certain heavy duty gas turbines in GE Power’s installed base within the O&G
        Segment as listed on Appendix 9-1 to the Supply Agreement.

         

        In addition:

         

        · BHGE
        may not provide, directly or indirectly, Exclusive Services outside of the 

        

    1

    

    

	 	O&G Segment
        except to the extent BHGE is providing such Exclusive Services to certain heavy duty gas turbines in BHGE’s installed
        base as listed on Appendix 9-2 to the Supply Agreement.

         

        · GE
        Power shall have the right to communicate with customers within the O&G Segment that purchase gas turbines with a
        maximum rating of less than 20MW for plants at or below 25MW total plant size (“Low MW HDGTs”) from
        BHGE for the purpose of providing products and services other than heavy duty gas turbines;

         

        For the avoidance
        of doubt, (a) sales within the O&G Segment of Low MW HDGTs are exclusive to BHGE and (b) sales outside of the O&G
        Segment of Low MW HDGTs shall be non-exclusive to either Party.

         

        · BHGE
        shall be prohibited from manufacturing, purchasing or distributing Exclusive Services in conjunction with any original
        equipment manufacturers within the O&G Segment, and will exclusively source such Exclusive Services from GE Power;
        provided, however, that this obligation shall exclude parts and components that BHGE currently manufactures or sources
        independently from third party suppliers as set forth on an appendix to the Supply Agreement; and any types of Services
        that Purchaser as of the date hereof performs independently or subcontracts to third party suppliers.

         

        · The
        Parties acknowledge that the O&G Segment includes the opportunity to sell Exclusive Services to customers otherwise
        within the O&G Segment where fifty percent (50%) or less of the power generated by such Exclusive Services will be
        dispatched to the grid, but not where more than fifty percent (50%) of such power generated will be dispatched to the
        grid, such latter case being exclusively an opportunity of Supplier, in each case, subject to the exclusivity provisions
        and the exceptions thereto set forth in the Distribution Agreement.

         

        BHGE will
        provide GE Power a customary right of first refusal to participate on any BHGE new product introduction (“NPI”)
        development of heavy duty gas turbines.

        

	Steering
    Committee	The parties shall establish
        no later than thirty (30) days following the date of the Distribution Agreement a governance council (a “Steering
        Committee”) that will oversee all aspects of the relationships contemplated by the Distribution Agreement. Each
        Party shall designate four (4) (or such other number as the parties mutually agree) persons to serve as members of such
        Steering Committee, which such persons shall be the respective Marketing or Sales Executives and Product Leadership Executives
        (collectively, the “Senior Sales Leaders”) of GE Power and BHGE, respectively.

         

        From time to time, as
        required, at mutually agreed locations or telephonically, but no less than quarterly, the Steering Committee shall meet
        to review, among other

        

    2

    

    

	 	things:

         

        ·the
        prices of the Exclusive Services as provided in the Supply Agreement;

         

        ·standard
        lead times and cycle time targets as provided in the Supply Agreement; and

         

        ·any
        disputes between the parties.

         

        The review, approval
        or disapproval of all decisions by the Steering Committee shall be made by unanimous consent of the members of the Steering
        Committee.

         

        The Steering Committee
        shall have the power to mediate disputes between or among the Senior Sales Leaders of GE Power and BHGE. In the event
        the Steering Committee does not reach agreement with respect to any dispute that requires a resolution, the Steering Committee
        may be enlarged to include additional members, which such persons shall be the P&L VP, CFO, General Manager or Vice
        President of GE Power and BHGE, respectively, in order to reach such resolution.

        

	Term	The
    term of the Distribution Agreement shall commence on the Trigger Date (as defined in the Amended and Restated Stockholders
    Agreement) and, unless earlier terminated, shall continue for the later of (x) the twenty (20) year anniversary of the Distribution
    Agreement or (y) the operating service life of the HDGT in respect of which each Service relates (the “Term”).  Six
    months prior to the expiration of the Term, the parties shall commence good faith discussion regarding an extension of the
    Distribution Agreement in line with all prior supply and sourcing arrangements between the parties.
	Business
    Associates	GE
    Power will not be restricted from entering into new agreements with business associates (“BAs”) outside
    of the O&G Segment and maintaining its BA arrangements within the O&G Segment (i) as described in the Channel Agreement
    (Schedule A) and (ii) as existed on July 3, 2017.
	Termination	The
    exclusivity arrangements under this Distribution Agreement may be terminated pursuant to Section 3.03, Section 3.04 or Article
    VIII, as applicable, of the Supply Agreement.
	Engineering	Technical and commercial
        support in ITO and pre-ITO (pre-RFP) will be provided free of charge through GE Power’s sales organization.

         

        Specific engineering
        studies will be charged on a cost plus basis (margin at 10%).

         

        BHGE will be
        granted access to GE Power’s engineering resources for the purpose of addressing customer field issues, on a cost
        plus basis (margin at 10%). Per the

        

    3

    

    

	 	attached
    appendix entitled “Engineering Services Guidelines Attachment”, engineering services will be provided on a cost-plus
    basis (margin at 10%).
	Intellectual
    Property	Any
    intellectual property in respect of Exclusive Services shall be governed by the Amended and Restated Intellectual Property
    Cross License, dated as of November 13, 2018, between GE and BHGE.
	Frame
    3/Frame 5 License 	Further, GE Power and
        BHGE shall enter into an amendment (“Amendment”) to that certain Agreement between Nuovo Pignone s.p.a.
        (“Nuovo Pignone”) and GE relating to Heavy Duty Gas Turbines, dated November 10, 1995, that certain
        Technical Assistance Agreement between GE and Nuovo Pignone dated August 31, 1995 and that certain Manufacturing Associate
        Agreement between GE and Nuovo Pignone dated April 8, 1988 (collectively, the “Nuovo Pignone Agreements”)
        as necessary to reflect the terms set forth herein whereby GE Power shall grant to BHGE the following:

         

        1.     A
        worldwide, perpetual, non-transferrable, non-sublicensable (except as noted below), license under GE Power’s intellectual
        property for the Frame 3 and Frame 5 gas turbine in the O&G Segment to develop, make, have made, use, sell, commercialize
        and provide Services for, (i) Frame 3 and Frame 5 gas turbines and (ii) parts and components for use in Frame 3 and Frame
        5 gas turbines (such license, the “License”), with Access to Technology (as defined below). “Access
        to Technology” shall mean, in connection with the License, access to Frame 3 and Frame 5 Engineering Licensed Tools
        (as defined therein) of GE Power pursuant to Section 6.05 of that certain Supply and Technology Development Agreement,
        dated as of November 13, 2018, by and among GE, acting through its GE Aviation business unit and the legal entities operating
        on its behalf, BHGE LLC and GE, on behalf of its GE Power business (the “JV Supply Agreement”); provided,
        however, Access to Technology shall be limited to BHGE and shall be non-transferrable, and no separate access to
        GE Power technology shall be granted; and provided, further, that the License shall not change or affect
        the scope or terms of any access to technology granted under the JV Supply Agreement. BHGE may permit its suppliers, contractors,
        distributors and consultants to exercise any or all of the rights and licenses granted to BHGE under the foregoing license
        on behalf of and at the direction of BHGE (and not for the benefit of such suppliers, contractors and consultants) and
        may request consent from GE Power to grant permissions to other third parties to exercise any or all of the rights and
        licenses granted to BHGE under the foregoing license, such consent not to be unreasonably withheld or delayed by GE Power.

         

        Such license
        shall be exclusive (also vis-à-vis GE Power), in each case of (i) and (ii), solely within the O&G Segment (excluding
        where GE Power has exclusivity pursuant to the Exclusivity section herein (“GE Power Exclusive Field”)).
        The foregoing license shall be exclusive for a period of twenty (20) years commencing on the Effective Date (“License
        Term”),

        

    4

    

    

	 	after which
        time the foregoing license shall be non-exclusive; provided, however, that such exclusivity shall terminate
        if (a) the Supplier Sourcing Share in respect of Frame 5 Parts and Components (as calculated pursuant to Section 3.04(b)
        of the Supply Agreement) reduces in any given twenty-four (24) month period during such License Term by 30% as compared
        to such Supplier Sourcing Share with respect to such Frame 5 Part and Component purchased from Supplier in the most recently
        completed twenty-four (24) month period during such License Term (a “Triggering Reduction”) or (b)
        upon the occurrence of a Change in Control of BHGE (a “Change of Control”) (such termination as a result
        of a Triggering Reduction or a Change of Control, in each case, a “Termination of Exclusivity”). The
        Parties agree that a Termination of Exclusivity shall be the sole and exclusive remedy for GE Power with respect to a
        Triggering Reduction or a Change of Control.

         

        The foregoing
        exclusivity shall be subject to GE Power retaining the limited right to develop, make, have made, supply and use (such
        use limited for the purposes set forth in clause (ii) below) Frame 3 and Frame 5 gas turbine parts and components to (i)
        perform its obligations under the Supply Agreement and (ii) service its installed base of heavy duty gas turbines fleet
        as listed on Appendix 9-1 to the Supply Agreement. For the avoidance of doubt, GE retains all rights within the GE Power
        Exclusive Field, including all rights to make, have made, supply, sell and use components for use in Frame 3 and Frame
        5 gas turbines in the GE Power Exclusive Field. GE Power will consult with BHGE in good faith with respect to any NPIs
        in respect of Frame 3 and Frame 5 Parts and Components resulting from GE Power’s development activities under the
        foregoing license retention. Further, GE Power’s sublicensing of such rights in the GE Power Exclusive Field shall
        be subject to a right of first offer in favor of BHGE (on reasonably customary terms with reasonable customary timing)
        to perform such sublicensed service.

         

        Payments for the licenses
        above shall be equal to BHGE’s ongoing payment obligations to GE pursuant to the Nuovo Pignone Agreements. The exclusivity
        granted to BHGE in the license above shall be subject to any licenses with third parties existing as of the date of the
        Supply Agreement, which shall be listed in a schedule to be agreed upon.

         

        If a final FR3/FR5 License
        between the Parties is not agreed upon by the Trigger Date, the terms included in this Section “FR3/FR5 License”
        of the term sheet shall become definitive between the Parties.

        

	Non-GE
    Components	Each
    Party shall have the right to create their own supply chain for their respective segments by working directly with qualified
    suppliers for parts/components that GE Power or BHGE currently purchase fully from external suppliers for such segments (e.g.,
    auxiliary skids, instrumentation, etc.).  The parties shall identify the list of such parts and services for which
    they can maintain/establish a supply chain, which shall be strictly for their respective segment.  BHGE shall require
    all suppliers to restrict their use of any GE Power intellectual property to be used 

    5

    

    

	 	solely
    for the O&G Segment.  Each Party shall grant access to each other’s technical specs and supplier base
    as needed.
	Technology
    Obsolescence	If GE Power determines
        that parts/components are obsolete and GE Power will no longer supply such obsolete parts/component or a reasonable replacement
        or alternative part/component, then GE Power will provide to BHGE a nonexclusive, perpetual, worldwide, license for such
        parts/component at a mutually agreeable price.

         

        The foregoing shall not
        apply where parts/components have been upgraded and the prior parts/components are no longer commercially available.

        

	Definitions	Capitalized
    terms used but not defined herein shall have the respective meanings ascribed to such terms in the Supply Agreement.
	Other
    Terms	All
    other terms and conditions necessary for a final Distribution Agreement and related agreements (e.g., Termination,
    Applicable Law, Dispute Resolution, Construction, etc.) shall be as per the Supply Agreement.

 

    6

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