Document:

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                                                                   Exhibit 10.43

                              AMENDED AND RESTATED
                            STOCK MATCHING AGREEMENT

         This Amended and Restated Stock Matching Agreement (this "Agreement")
is made and entered into this 3rd day of December, 2003, by and between Baker
Hughes Incorporated, a Delaware corporation (the "Company"), and James Roderick
Clark (the "Employee"), regarding the award of Matched Shares (defined below) to
the Employee pursuant to the Long Term Incentive Plan of Baker Hughes
Incorporated (the "Plan"), and further subject to the terms and conditions set
forth below.

                              W I T N E S S E T H:

         WHEREAS, the Company and the Employee previously entered into that
certain Stock Matching Agreement dated March 1, 2002, as amended on March 6,
2002 (the "Original Agreement");

         WHEREAS, the Company and the Employee desire to make certain changes to
the Original Agreement in order to remove the administrative burden on the
Company associated with the reservation and subsequent issuance of shares of the
Company's common stock, $1.00 par value per share ("Common Stock"); and

         WHEREAS, the Company and the Employee desire to amend and restate the
Original Agreement in its entirety and, unless otherwise set forth herein, all
terms and provisions hereof are effective as of the date first written above;

         NOW, THEREFORE, in consideration of the premises and mutual covenants
and agreements contained herein, the parties hereto hereby agree to amend and
restate the Original Agreement and agree as follows:

                  1.       AWARD OF MATCHED SHARES. The Company hereby issues,
         subject to all the terms and conditions in this Agreement, 25,000
         shares of restricted Common Stock ("Restricted Stock"), which
         represents one share for each share of Common Stock up to, but not
         exceeding, 25,000 shares of Common Stock owned, and held of record, (x)
         by the Employee and (y) for the benefit of the Employee in an account
         by (i) a tax-qualified plan maintained by the Company, a Subsidiary or
         a former employer of the Employee, and/or (ii) an individual retirement
         account or annuity under Code Section 408 or 408A (with such shares
         under this clause (y) deemed to be owned by the Employee for purposes
         of this Agreement) at the close of business on September 2, 2002. Such
         shares of Restricted Stock shall be referred to herein as the "Matched
         Shares."

                  2.       VESTING PERIOD. Each Matched Share issued by the
         Company pursuant to this Agreement shall either (x) if not earlier
         forfeited, fully vest in accordance with Section 3(a) upon the
         occurrence of an event described in Section 2(I) (a "Vesting Event") or
         (y) be forfeited in accordance with Section 3(b) upon the occurrence of
         an event described in Section 2(II) (a "Forfeiture Event").

                  (I)      Vesting Events. For purposes of this Agreement, the
                           following are Vesting Events:

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                           (a)      The Retirement of the Employee;

                           (b)      The termination of the Employee's employment
                                    by the Company without Non-CIC Cause;

                           (c)      The occurrence of a Change in Control;

                           (d)      The termination of the Employee's
                                    employment:

                                    (i)      by the Company without CIC Cause
                                             prior to a Change in Control
                                             (whether or not a Change in Control
                                             ever occurs) if such termination
                                             was at the request or direction of
                                             a Person who has entered into an
                                             agreement with the Company, the
                                             consummation of which would
                                             constitute a Change in Control;

                                    (ii)     by the Employee for Good Reason
                                             prior to a Change in Control
                                             (whether or not a Change in Control
                                             ever occurs) if the circumstance or
                                             event which constitutes Good Reason
                                             occurs at the request or direction
                                             of the Person described in
                                             foregoing clause (i); or

                                    (iii)    by the Company without CIC Cause or
                                             by the Employee for Good Reason if
                                             such termination or the
                                             circumstance or event which
                                             constitutes Good Reason is
                                             otherwise in connection with, or in
                                             anticipation of, a Change in
                                             Control (whether or not a Change in
                                             Control ever occurs); or

                           (e)      The Employee's death or permanent disability
                                    (as determined by the Committee in its sole
                                    discretion).

                  (II)     Forfeiture Event: For purposes of this Agreement, a
                           Forfeiture Event means the termination of employment
                           of the Employee other than as set forth in Section
                           2(I) or due to Non-CIC Cause.

                  3.       (a) VESTING OF MATCHED SHARES. If a Vesting Event
         occurs prior to a Forfeiture Event with respect to the Employee,
         subject to satisfaction of the certification requirement in Section 6,
         the Matched Shares shall fully vest in an amount equal to the number of
         shares of Common Stock owned by the Employee as of the date of the
         Vesting Event that have been continuously owned by the Employee since
         September 2, 2002 as determined pursuant to Sections 6 and 7. If
         necessary, a new certificate representing such shares shall be issued
         to and in the name of the Employee (or, in the case of death, in the
         name of the estate of the Employee) as soon as administratively
         practicable following the Vesting Event, and the original certificate
         shall be cancelled. The Employee may replace shares of Common Stock
         that the Employee owned on September 2, 2002 with other shares of
         Common Stock, so long as the Employee continuously owns 25,000 shares
         (which is the same number of shares for which the Company initially
         issued Matched

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         Shares) from September 2, 2002 until the date of the Vesting Event
         (excluding the Matched Shares in making such determination).

                  (b)      FORFEITURE OF MATCHED SHARES. If a Forfeiture Event
         occurs prior to a Vesting Event with respect to the Employee, as of the
         date of the Forfeiture Event all of the Matched Shares shall
         automatically revert back to the Company for cancellation, and the
         Employee shall forfeit, for all purposes of this Agreement and without
         consideration, any and all rights and have no further claim against or
         with respect to any Matched Shares or against the Company for any
         Matched Shares.

                  4.       STOCK CERTIFICATES. The Company will issue a stock
         certificate for the Matched Shares in the name of the Employee;
         provided that the Secretary of the Company will hold the stock
         certificate(s) representing such shares and any additional shares
         issued as a result of a stock dividend or stock split (as provided in
         Section 8) until the occurrence of a Vesting Event or Forfeiture Event.

                  5.       SHAREHOLDER STATUS. The Employee will have (i) the
         right to receive all cash dividends on the Matched Shares, subject to
         forfeiture of such shares under Sections 2 and 3(b), and (ii) the right
         to vote such shares, subject to forfeiture of such shares under
         Sections 2 and 3(b). If the Matched Shares are forfeited pursuant to
         Sections 2 and 3(b), the Employee will at the same time forfeit the
         Employee's right to vote such shares and to receive future cash
         dividends and any other distributions made with respect to such shares.
         Any distributions made with respect to the Matched Shares (other than
         cash dividends) shall be deemed to be a portion of the Matched Shares
         and held by the Secretary of the Company subject to the terms and
         conditions of this Agreement.

                  6.       CERTIFICATION OF SHARE OWNERSHIP BY THE EMPLOYEE.
         Within 30 days after September 2, 2004, the Employee shall certify to
         the Company the number of shares of Common Stock that the Employee owns
         as of such date. The Employee's ownership shall be verified, in
         addition to the certification, by the delivery of copies of any
         certificates, brokerage or other account statements representing the
         shares that the Employee owns reflecting that such shares are held of
         record by the Employee or by the plan or individual retirement account
         or annuity for the benefit of the Employee (or, if the Employee is
         required to file ownership reports with the Securities and Exchange
         Commission, by the filing of copies of such reports with such
         certificate). Thereafter, subject to verification (as provided herein),
         within 30 days after each subsequent September 2nd and within 15 days
         after a Vesting Event, the Employee (or the representative of the
         Employee' estate in the case of death) shall certify to the Company the
         number of shares of Common Stock owned by the Employee as of such
         September 2nd or Vesting Event date, and during the period commencing
         immediately after the September 2nd immediately preceding such date.
         The certificate and other evidence of stock ownership must be timely
         presented to the Secretary of the Company for verification. Final
         determination of sufficient evidence to verify ownership shall be made
         in the sole discretion of the Committee.

                  7.       LIMITATION OF AWARD. The award of shares of Common
         Stock to the Employee pursuant to this Agreement is being made only
         with respect to the shares

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         owned on September 2, 2002. No future award of shares is being
         authorized pursuant hereto and may only be made by the Committee in its
         sole discretion at such time in the future. If the Employee should sell
         any of the shares of Common Stock held by him on September 2, 2002 in
         order that the number of shares owned by the Employee (excluding any
         Matched Shares) is reduced to a number below the amount held on such
         date, the number of Matched Shares to the Employee that shall vest
         shall be reduced on a share-for-share basis. No increase in shares
         subsequent to September 2, 2002 shall create a right to an increase in
         the number of Matched Shares.

                  8.       ADJUSTMENTS. If the Company should declare a stock
         dividend or authorize a split of shares of the Common Stock of the
         Company, the Matched Shares shall reflect and to take into account such
         stock dividend or stock split, as the case may be. The additional
         shares to be issued as a result of such stock dividend or stock split
         shall be deemed to be a portion of the Matched Shares and subject to
         the terms and conditions of this Agreement.

                  9.       RELATIONSHIP TO THE PLAN; DEFINITIONS. This award of
         Matched Shares is granted under the Plan and is subject to all of the
         terms, conditions and provisions of the Plan and administrative
         interpretations thereunder, if any, which have been adopted by the
         Committee thereunder and are in effect on the date hereof. Capitalized
         terms that are not defined in this Agreement shall have the same
         meanings ascribed to them under the Plan. For purposes of this
         Agreement:

                           (a)      "CIC Cause" means Cause as defined in the
                  Plan.

                           (b)      "Retirement" means the termination of
                  employment after attaining age 55 with not less than 5 years
                  of continuous employment since the Employment Date with the
                  Company; provided, however, that such termination is not due
                  to CIC Cause or Non-CIC Cause.

                           (c)      "Non-CIC Cause" means fraud, theft,
                  embezzlement committed against the Company or an Affiliate or
                  a customer of the Company or an Affiliate, or conflict of
                  interest, unethical conduct, dishonesty affecting the assets,
                  properties or businesses of the Company or any of its
                  Affiliates, willful misconduct, or continued material
                  dereliction of duties.

                  10.      WITHHOLDING. To the extent the issuance of the
         Matched Shares under this Agreement results in taxable income to the
         Employee, the Company is authorized to withhold from any remuneration
         payable to the Employee any tax required to be withheld by reason of
         such taxable income.

                  11.      ENTIRE AGREEMENT. This Agreement is intended by the
         parties hereto to be the final expression of their Agreement with
         respect to the subject matter hereof and is the complete and exclusive
         statement thereof notwithstanding any prior representation or
         statements to the contrary. This Agreement hereby supercedes the
         Original Agreement. This Agreement may be modified only by written
         instrument signed by each of the parties hereto.

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                  12.      HEADINGS AND SECTIONS. The headings contained in this
         Agreement are for reference purposes only and do not affect in any way
         the meaning or interpretation of this Agreement. All references to
         sections in this Agreement shall be to sections of this Agreement
         unless otherwise indicated.

                  IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.

                                            BAKER HUGHES INCORPORATED

                                            BY _________________________________
                                                 Michael E. Wiley
                                                 Chairman, President and Chief
                                                 Executive Officer

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             ACKNOWLEDGMENT, ACCEPTANCE AND CONSENT BY THE EMPLOYEE

         The undersigned Employee, James Roderick Clark, hereby agrees to, and
accepts, the terms and provisions of the foregoing Amended and Restated Stock
Matching Agreement, subject to the terms and provisions of the Plan and
administrative interpretations thereof referred to above. The undersigned
further hereby acknowledges that he has received a copy of the Long Term
Incentive Plan of Baker Hughes Incorporated and that he has been advised by the
Company to consult with and rely upon only his own tax, legal and financial
advisors regarding the consequences and risks of this award.

_______________________________             ____________________________________
Date                                          James Roderick Clark
                                              10 Crownberry Court
                                              The Woodlands, TX 77381

                        CONSENT OF SPOUSE OF THE EMPLOYEE

         The undersigned spouse of the Employee has read and hereby approves the
terms and conditions of the foregoing Amended and Restated Stock Matching
Agreement and the Plan. In consideration of the Company's awarding the Employee
the Matched Shares, as set forth in the Agreement, the undersigned hereby agrees
and consents to be irrevocably bound by the terms and conditions of the
Agreement and the Plan and further agrees that any community property interest
shall be similarly bound. The undersigned hereby appoints the undersigned's
spouse as attorney-in-fact for the undersigned with respect to any amendment or
exercise of rights under the Agreement and the Plan.

                                         ____________________________________
                                         Spouse of the Employee<PAGE>
                                                                   EXHIBIT 10.50

                            BAKER HUGHES INCORPORATED
                             STOCK OPTION AGREEMENT

                                  --FULL NAME--
                                     GRANTEE

Date of Grant:                    JANUARY 28, 2004

Total Number of Shares Granted:   --GRANT--

Exercise Price per Share:         $35.81

Expiration Date:                  JANUARY 28, 2014

Term of Award; Vesting Schedule:  3 YEARS, WITH VESTING OF 33 1/3% ON THE
                                  ANNIVERSARY DATE OF THE DATE OF GRANT IN EACH
                                  OF THE YEARS 2005, 2006, AND 2007.

Other Terms of Award:             TERMS AND CONDITIONS ARE PROVIDED UPON REQUEST
                                  AND ARE LOCATED ON THE BHI INTRANET AT:
                                  http://interchange/humanresources/compensation

                                 GRANT OF OPTION

Pursuant to action taken by the Compensation Committee of the Board of Directors
of Baker Hughes Incorporated, a Delaware corporation (the "Company"), for the
purposes of administration of the BAKER HUGHES INCORPORATED --PLAN NAME-- (the
"Plan"), the above-named Grantee is hereby granted --TYPE-- stock option to
purchase the above number of shares of the Company's $1 par value per share
common stock at the exercise price stated above for each share subject to this
option, with the exercise price payable at the time of exercise. This option may
not be exercised after the Expiration Date.

By your acceptance of the option, you agree that the option is granted under and
governed by the terms of the Plan, this Stock Option Agreement and the Terms and
Conditions of Option Agreements (dated January 28, 2004).

                                    BAKER HUGHES INCORPORATED

                                    /S/ MICHAEL E. WILEY

                                    Michael E. Wiley - Chairman, President & CEO

<PAGE>
                            BAKER HUGHES INCORPORATED

                              TERMS AND CONDITIONS
                                       OF
                                OPTION AGREEMENTS
                               (JANUARY 28, 2004)

     These Terms and Conditions are applicable to options granted pursuant to
the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan
(the "Plan").

1.   TERMINATION OF EMPLOYMENT. The following provisions will apply in the event
     of Grantee's termination of employment:

     1.1  Termination Generally. If Grantee's employment is terminated for any
          reason other than

          (i)  a termination covered by Sections 1.2 through 1.6, or

          (ii) a termination, within two years following a Change in Control (as
               defined in the Plan) that occurs after the Date of Grant, either
               (A) by the Company without Cause (as defined in the Plan) or (B)
               by the Grantee for Good Reason (as defined in the Plan),

     the option will wholly and completely terminate on the date of termination
     of employment, to the extent it is not then exercisable; however, to the
     extent the option is exercisable, Grantee shall have three years from the
     date of termination of employment to exercise the option (but in no event
     later than the Expiration Date).

     1.2 Termination for Cause. If Grantee's employment is terminated for cause,
     including (without limitation) fraud, theft, embezzlement committed against
     the Company or any of its affiliated companies or a customer of the
     Company, or for conflict of interest, unethical conduct, dishonesty
     affecting the assets, properties or business of the Company or any of its
     affiliated companies, willful misconduct, or continued material dereliction
     of duties, the option will wholly and completely terminate on the date of
     termination of employment if such termination occurs (i) prior to a Change
     of Control that occurs after the Date of Grant or (ii) after the second
     anniversary of a Change of Control that occurs after the Date of Grant. If
     Grantee's employment is terminated for Cause (as defined in the Plan), the
     option will wholly and completely terminate on the date thirty days
     following such termination (but not later than the Expiration Date) if such
     termination occurs within two years following a Change of Control that
     occurs after the Date of Grant.

     1.3 Termination without Cause or for Good Reason in Connection with a
     Change in Control. Notwithstanding any other provision of this Stock Option
     Agreement to the contrary, if a Change in Control of the Company occurs,
     the provisions of Article 14 of the Plan shall govern.

     1.4 Divestiture of Business Unit. If the Company divests its ownership in a
     business unit that employs the Grantee, then the option will be deemed to
     be fully vested on the effective date of the Divestiture of the business
     unit. The Grantee will have three years in which to exercise the option. A
     "Divestiture" includes the disposition of any business unit of the Company
     and its subsidiaries to an entity that the Company does not consolidate in
     its financial statements, whether the disposition is structured as a sale
     or transfer of stock, a merger, a consolidation or a sale or transfer of
     assets, or a combination thereof, provided that a "Divestiture" shall not
     include a disposition that constitutes a Change in Control.

     1.5 Retirement or Disability. In the event of the retirement (such that the
     Grantee's age plus years of service with the Company equals or exceeds 65)
     or long-term disability of the Grantee, as long-term disability is
     determined in the discretion of the Committee (as defined in the Plan), all
     granted but unvested options shall immediately vest upon the Grantee's
     retirement or long-term disability. The Grantee shall have five years from
     the date of termination of employment due to retirement or long-term
     disability to exercise the option (but not later than the Expiration Date).

<PAGE>

     1.6 Death. Upon the death of the Grantee in active service, all granted but
     unvested options shall immediately vest upon the Grantee's death and
     otherwise shall be exercisable for a period of one year following Grantee's
     death (but in no event later than the Expiration Date).

2.   PROHIBITED ACTIVITY. Notwithstanding any other provision of this Stock
     Option Agreement, if Grantee engages in a "Prohibited Activity," as
     described below, while employed by the Company or any of its affiliates or
     within two years after Grantee's employment termination date, then
     Grantee's right to exercise any portion of the option, to the extent still
     outstanding at that time, shall immediately thereupon wholly and completely
     terminate. If an allegation of a Prohibited Activity by Grantee is made to
     the Committee, the Committee, in its discretion, may suspend the
     exercisability of the option for up to two months to permit the
     investigation of such allegation. If it is determined that no Prohibited
     Activity was engaged in by Grantee, the period of exercisability of the
     option will be increased by the amount of time of the suspension; however,
     in no event will the option be exercisable more than ten years from the
     date of grant. A "Prohibited Activity" shall be deemed to have occurred, as
     determined by the Committee in its sole and absolute discretion, if
     Grantee:

          (i)  divulges any non-public, confidential or proprietary information
               of the Company or of its past, present or future affiliates
               (collectively, the "Baker Hughes Group"), but excluding
               information that (a) becomes generally available to the public
               other than as a result of Grantee's public use, disclosure, or
               fault, or (b) becomes available to Grantee on a non-confidential
               basis after Grantee's employment termination date from a source
               other than a member of the Baker Hughes Group prior to the public
               use or disclosure by Grantee, provided that such source is not
               bound by a confidentiality agreement or otherwise prohibited from
               transmitting the information by a contractual, legal or fiduciary
               obligation; or

          (ii) directly or indirectly, consults or becomes affiliated with,
               conducts, participates or engages in, or becomes employed by, any
               business that is competitive with the business of any member of
               the Baker Hughes Group, wherever from time to time conducted
               throughout the world, including situations where Grantee solicits
               or participates in or assists in any way in the solicitation or
               recruitment, directly or indirectly, of any employees of any
               member of the Baker Hughes Group.

3.   CASHLESS EXERCISE. Cashless exercise, in accordance with the terms of the
     Plan, shall be available to Grantee for the shares subject to the option.

4.   TAX WITHHOLDING. To the extent the exercise of the option results in
     taxable income to Grantee, the Company is authorized to withhold from any
     remuneration payable to Grantee any tax required to be withheld by reason
     of such taxable income.

5.   NONTRANSFERABILITY. The option is not transferable by the Grantee otherwise
     than by will or by the laws of descent and distribution, and is exercisable
     during the Grantee's lifetime only by the Grantee.

6.   LIMIT OF LIABILITY. Under no circumstances will the Company be liable for
     any indirect, incidental, consequential or special damages (including lost
     profits) of any form incurred by any person, whether or not foreseeable and
     regardless of the form of the act in which such a claim may be brought,
     with respect to the Plan or the Company's role as Plan sponsor.

7.   MISCELLANEOUS. The option is granted under and is subject to all of the
     provisions of the Plan, including amendments to the Plan, if any. In the
     event of a conflict between these Terms and Conditions and the Plan
     provisions, the Plan provisions will control. Capitalized terms that are
     not defined herein shall have the meaning ascribed to such terms in the
     Plan.

<PAGE>
                            BAKER HUGHES INCORPORATED

                              TERMS AND CONDITIONS
                                       OF
                                OPTION AGREEMENTS
                               (JANUARY 28, 2004)

     These Terms and Conditions are applicable to options granted pursuant to
the Baker Hughes Incorporated 2002 Employee Long-Term Incentive Plan (the
"Plan").

2.   TERMINATION OF EMPLOYMENT. The following provisions will apply in the event
     of Grantee's termination of employment:

     1.1  Termination Generally. If Grantee's employment is terminated for any
          reason other than

          (i)  a termination covered by Sections 1.2 through 1.6, or

          (ii) a termination, within two years following a Change in Control (as
               defined in the Plan) that occurs after the Date of Grant, either
               (A) by the Company without Cause (as defined in the Plan) or (B)
               by the Grantee for Good Reason (as defined in the Plan),

     the option will wholly and completely terminate on the date of termination
     of employment, to the extent it is not then exercisable; however, to the
     extent the option is exercisable, Grantee shall have three years from the
     date of termination of employment to exercise the option (but in no event
     later than the Expiration Date).

     1.2 Termination for Cause. If Grantee's employment is terminated for cause,
     including (without limitation) fraud, theft, embezzlement committed against
     the Company or any of its affiliated companies or a customer of the
     Company, or for conflict of interest, unethical conduct, dishonesty
     affecting the assets, properties or business of the Company or any of its
     affiliated companies, willful misconduct, or continued material dereliction
     of duties, the option will wholly and completely terminate on the date of
     termination of employment if such termination occurs (i) prior to a Change
     of Control that occurs after the Date of Grant or (ii) after the second
     anniversary of a Change of Control that occurs after the Date of Grant. If
     Grantee's employment is terminated for Cause (as defined in the Plan), the
     option will wholly and completely terminate on the date thirty days
     following such termination (but not later than the Expiration Date) if such
     termination occurs within two years following a Change of Control that
     occurs after the Date of Grant.

     1.3 Termination without Cause or for Good Reason in Connection with a
     Change in Control. Notwithstanding any other provision of this Stock Option
     Agreement to the contrary, if a Change in Control of the Company occurs,
     the provisions of Article 14 of the Plan shall govern.

     1.4 Divestiture of Business Unit. If the Company divests its ownership in a
     business unit that employs the Grantee, then the option will be deemed to
     be fully vested on the effective date of the Divestiture of the business
     unit. The Grantee will have three years in which to exercise the option. A
     "Divestiture" includes the disposition of any business unit of the Company
     and its subsidiaries to an entity that the Company does not consolidate in
     its financial statements, whether the disposition is structured as a sale
     or transfer of stock, a merger, a consolidation or a sale or transfer of
     assets, or a combination thereof, provided that a "Divestiture" shall not
     include a disposition that constitutes a Change in Control.

     1.5 Retirement or Disability. In the event of the retirement (such that the
     Grantee's age plus years of service with the Company equals or exceeds 65)
     or long-term disability of the Grantee, as long-term disability is
     determined in the discretion of the Committee (as defined in the Plan), all
     granted but unvested options shall immediately vest upon the Grantee's
     retirement or long-term disability. The Grantee shall have five years from
     the date of termination of employment due to retirement or long-term
     disability to exercise the option (but not later than the Expiration Date).

<PAGE>
     1.6 Death. Upon the death of the Grantee in active service, all granted but
     unvested options shall immediately vest upon the Grantee's death and
     otherwise shall be exercisable for a period of one year following Grantee's
     death (but in no event later than the Expiration Date).

8.   PROHIBITED ACTIVITY. Notwithstanding any other provision of this Stock
     Option Agreement, if Grantee engages in a "Prohibited Activity," as
     described below, while employed by the Company or any of its affiliates or
     within two years after Grantee's employment termination date, then
     Grantee's right to exercise any portion of the option, to the extent still
     outstanding at that time, shall immediately thereupon wholly and completely
     terminate. If an allegation of a Prohibited Activity by Grantee is made to
     the Committee, the Committee, in its discretion, may suspend the
     exercisability of the option for up to two months to permit the
     investigation of such allegation. If it is determined that no Prohibited
     Activity was engaged in by Grantee, the period of exercisability of the
     option will be increased by the amount of time of the suspension; however,
     in no event will the option be exercisable more than ten years from the
     date of grant. A "Prohibited Activity" shall be deemed to have occurred, as
     determined by the Committee in its sole and absolute discretion, if
     Grantee:

          (i)  divulges any non-public, confidential or proprietary information
               of the Company or of its past, present or future affiliates
               (collectively, the "Baker Hughes Group"), but excluding
               information that (a) becomes generally available to the public
               other than as a result of Grantee's public use, disclosure, or
               fault, or (b) becomes available to Grantee on a non-confidential
               basis after Grantee's employment termination date from a source
               other than a member of the Baker Hughes Group prior to the public
               use or disclosure by Grantee, provided that such source is not
               bound by a confidentiality agreement or otherwise prohibited from
               transmitting the information by a contractual, legal or fiduciary
               obligation; or

          (ii) directly or indirectly, consults or becomes affiliated with,
               conducts, participates or engages in, or becomes employed by, any
               business that is competitive with the business of any member of
               the Baker Hughes Group, wherever from time to time conducted
               throughout the world, including situations where Grantee solicits
               or participates in or assists in any way in the solicitation or
               recruitment, directly or indirectly, of any employees of any
               member of the Baker Hughes Group.

9.   CASHLESS EXERCISE. Cashless exercise, in accordance with the terms of the
     Plan, shall be available to Grantee for the shares subject to the option.

10.  TAX WITHHOLDING. To the extent the exercise of the option results in
     taxable income to Grantee, the Company is authorized to withhold from any
     remuneration payable to Grantee any tax required to be withheld by reason
     of such taxable income.

11.  NONTRANSFERABILITY. The option is not transferable by the Grantee otherwise
     than by will or by the laws of descent and distribution, and is exercisable
     during the Grantee's lifetime only by the Grantee.

12.  LIMIT OF LIABILITY. Under no circumstances will the Company be liable for
     any indirect, incidental, consequential or special damages (including lost
     profits) of any form incurred by any person, whether or not foreseeable and
     regardless of the form of the act in which such a claim may be brought,
     with respect to the Plan or the Company's role as Plan sponsor.

13.  MISCELLANEOUS.  The option is granted under and is subject to all of the
     provisions of the Plan, including amendments to the Plan, if any.  In the
     event of a conflict between these Terms and Conditions and the Plan
     provisions, the Plan provisions will control.  Capitalized terms that are
     not defined herein shall have the meaning ascribed to such terms in the
     Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]