Document:

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                                                             Exhibit 10.9

August 15, 2000

Mr. Michael E. Wiley
10930 Kemwood Drive
Houston, Texas  77024

Dear Mike:

         Baker Hughes Incorporated (the "Company") has awarded you today 83,000
restricted shares of the common stock of the Company, subject to the
restrictions, terms and conditions described in the enclosed certified
resolutions of the Compensation Committee of the Board of Directors of the
Company. Certificate(s) representing those shares will be issued in your name
and held in the Company's possession for safe-keeping until they vest in
according with the restrictions, terms and conditions contained in the
resolutions, at which time the Company will deliver them to you.

         Pending vesting of the restricted shares, you will earn dividends paid
with respect to the shares.

                                                   Very truly yours,

                                                   /s/ Richard D. Kinder
                                                   ---------------------
                                                   Richard D. Kinder
                                                   Chairman
                                                   Compensation Committee of the
                                                   Board of Directors of
                                                   Baker Hughes Incorporated

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                                   CERTIFICATE

         The undersigned, Daniel J. Churay, hereby certifies that he is the duly
elected, qualified and acting Assistant Secretary of Baker Hughes Incorporated,
a corporation duly organized and existing under the laws of the State of
Delaware (the "Corporation"); that as such officer, he is in charge of the
Minute Book and other corporate records of said Corporation; that the following
is a full, true and correct copy of the resolutions appearing in the records of
the Corporation, and that said resolutions were adopted by the Compensation
Committee of the Board of Directors of the Corporation, at a meeting held on
August 15, 2000, and the undersigned further certifies that as of the date
hereof said resolutions have not been rescinded or modified and are in full
force and effect:

                  WHEREAS, on July 17, 2000, the Company entered into an
         Employment Agreement (the "Employment Agreement") with Michael E.
         Wiley;

                  WHEREAS, on July 19, 2000, the Board of Directors elected Mr.
         Wiley as Director, Chairman of the Board, President and Chief Executive
         Officer of the Company and approved the Employment Agreement;

                  WHEREAS, Mr. Wiley began his employment with the Company on
         August 14, 2000;

                  WHEREAS, pursuant to the last paragraph of Section 4(c) of the
         Employment Agreement, the Company is required to grant to Mr. Wiley
         83,000 restricted shares of the Common Stock of the Company, $1.00 par
         value per share (the "Common Stock") under the Company's Long Term
         Incentive Plan, one-third of which shares are to vest on August 15 of
         each of 2001, 2002 and 2003, in each case, subject to continued
         employment with the Company and the additional conditions set forth in
         Attachment No. 1 to these resolutions;

                  NOW, THEREFORE, BE IT RESOLVED, that, in consideration of Mr.
         Wiley's services as Chairman of the Board, President and Chief
         Executive Officer of the Company, the Company grant to Mr. Wiley 83,000
         shares (the "Restricted Shares") of the Common Stock, subject to the
         following restrictions:

                  So long as Mr. Wiley remains employed by the Company, the
         Company shall deliver unrestricted title to one-third of the Restricted
         Shares on each of August 15, 2001, 2002 and 2003 and those shares shall
         vest on those dates subject to the additional conditions set forth on
         Attachment No. 1 to these resolutions;

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                  RESOLVED, that if the foregoing conditions are not met with
         respect to all or part of the Restricted Shares, the Restricted Shares
         to which the conditions are not met shall be forfeited to the Company
         to become treasury shares of the Company;

                  RESOLVED, that pending vesting of the Restricted Shares, Mr.
         Wiley shall be entitled to dividends paid with respect to the
         Restricted Shares;

                  RESOLVED, that the Restricted Shares shall be issued pursuant
         to the Long Term Incentive Plan of the Company and are subject to and
         governed by the additional terms and conditions of that plan, including
         (without limitation) the change of control provisions of Section 16 of
         the plan;

                  RESOLVED, that when the Restricted Shares are issued and
         delivered to Mr. Wiley, they shall be fully paid and non-assessable and
         subject to the conditions described above;

                                (Further Action)

                  RESOLVED, that the proper officers of the Company be, and each
         of them hereby is, authorized and directed to prepare, execute, deliver
         and perform such agreements, documents, certificates and other
         instruments and take such other action, in the name and on behalf of
         the Company, as each of such officers, in the officer's discretion,
         shall deem necessary or advisable to effect the transactions
         contemplated by the foregoing agreements and to carry out the intent of
         the foregoing resolutions and the transactions contemplated thereby,
         the taking of such action and the preparation, execution, delivery and
         performance of any such agreements, documents, certificates and other
         instruments or the performance of any such act shall be conclusive
         evidence of the approval of this Committee thereof and all matters
         relating thereto; and

                  RESOLVED, that any and all actions taken by or on behalf of
         the officers of the Company prior to the adoption of these resolutions
         that are within the authority conferred hereby are hereby in all
         respects ratified, confirmed and approved.

Dated at Houston, Texas as of the 15th day of August, 2000.

                                                          /s/ Daniel J. Churay
                                                          ---------------------
                                                           Daniel J. Churay
                                                           Assistant Secretary

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                                Attachment No. 1

                       SUPPLEMENTAL RESTRICTED STOCK GRANT

1.       Grant: The Company will make Executive a Supplemental Restricted Stock
         on August 15, 2000.

2.       Number of Shares to be Granted: 83,000 shares

3.       Initial Vesting: On January 24, 2001, the number of shares of the grant
         to be forfeited (with the remaining shares eligible for vesting) will
         be determined by the formula below based on the last per share sale
         price of Baker Hughes Common Stock on August 14, 2000 and January 23,
         2001 as reported by The Wall Street Journal in the composite
         transactions report section of the New York Stock Exchange: - Shares
         Forfeited - 83,000 LESS the number equal to

                  (a)      500,000 TIMES

                  (b)      the increase in per share price from August 14, 2000
                           to January 23, 2001, capped at a 20% increase,
                           DIVIDED BY

                  (c)      the per share price on January 23, 2001;

                  (d)      provided, however, if there is a decrease in the per
                           share price between August 14, 2000 and January 23,
                           2001, all 83,000 shares will be forfeited.

4.       Secondary Vesting Date: One third of the shares (that have not been
         forfeited on January 24, 2001) granted will vest on each August 15 of
         2001, 2002 and 2003 so long as Executive remains in the employment of
         the Company.

5.       Dividends and Distributions: Executive will earn dividends and
         distributions on that portion of the Contingent Restricted Stock Grant
         that has not been forfeited until such time as it is forfeited.<PAGE>   1
                                                                   EXHIBIT 10.35

                      SECOND AMENDMENT TO CREDIT AGREEMENT

     This SECOND AMENDMENT TO CREDIT AGREEMENT dated as of September 25th,
2000, is made and entered into by and between BAKER HUGHES INCORPORATED, a
Delaware corporation (the "Company"), and the undersigned bank (the "Bank").

                                   WITNESSETH

     WHEREAS, the Company and the Bank have entered into that certain Credit
Agreement dated as of October 1, 1998 with an initial term of 364 days, as
amended by the First Amendment to Credit Agreement dated as of September 28th,
1999 between the Company and the Bank for a subsequent 364-day term (the
"Credit Agreement"); and

     WHEREAS, the Company and the Bank desire to amend the Credit Agreement as
hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein contained, the Company and the Bank agree as follows:

     1. AMENDMENTS TO CREDIT AGREEMENT. Section 2.04(c) (Facility and
        Origination Fees) of the Credit Agreement is amended to read as
        follows:

        "(c) Up Front Fee. If the Bank consents to the Company's Extension
        Request delivered in summer 2000 pursuant to Section 3.01(h), then the
        Company agrees to pay the Bank a one-time fee, in Dollars, equal to
        .03% of the Commitment Limit, no later than October 15, 2000."

     2. AMENDMENTS TO CREDIT AGREEMENT. This Amendment shall be deemed to be an
        amendment to the Credit Agreement, and the Credit Agreement, as amended
        hereby, is hereby ratified, approved and confirmed in each and every
        respect. All references to the Credit Agreement in the Credit Agreement
        shall hereafter be deemed to refer to the Credit Agreement, as amended
        hereby.

     3. DEFINED TERMS. Terms used but not defined herein when defined in the
        Credit Agreement shall have the same meanings herein unless the context
        otherwise requires.

     4. APPLICABLE LAWS. This Amendment shall be governed by and construed in
        accordance with the laws of the State of Texas, United States of
        America.

     5. COUNTERPARTS. This Amendment may be separately executed (including
        execution by delivery of a facsimile or telecopied signature) in any
        number of counterparts and by different parties hereto in separate
        counterparts, each of which when so executed shall be deemed to
        constitute one and the same Amendment.
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     6. SEVERABILITY. If any term or provision of this Amendment shall be
        determined to be illegal or unenforceable, all other terms and
        provisions of those documents shall nevertheless remain effective and
        shall be enforced to the fullest extent permitted by applicable law.

     7. HEADINGS. Section headings used in this Amendment are for reference
        only and shall not affect the construction of this Amendment.

     8. FINAL AGREEMENT. THIS AMENDMENT, TOGETHER WITH THE CREDIT AGREEMENT,
        REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
        CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
        AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS
        BETWEEN THE PARTIES.

     IN WITNESS WHEREOF, the Company and the Bank have caused this Amendment
to be duly executed as of the day and year first above written.

     COMPANY:

     BAKER HUGHES INCORPORATED

     By: /s/ H. GENE SHIELS
        --------------------------------
             H. Gene Shiels
             Assistant Treasurer

     BANK:

     By: /s/ MONA M. FOCH
        --------------------------------
     Name:   Mona M. Foch
     Title:  Managing Director

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