Document:

EX-10.11

 Exhibit 10.11 

EXECUTION VERSION 
  

 
  

INTERCOMPANY SERVICES AGREEMENT 

dated as of July 3, 2017 

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

 
  

 TABLE OF CONTENTS 

 

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

 Table of Contents 

(Continued) 
  

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

 Table of Contents 

(Continued) 
  

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

 SCHEDULES 
  

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

 INTERCOMPANY SERVICES AGREEMENT 

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

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

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

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

DEFINITIONS 

SECTION 1.01 Certain Defined Terms. 

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

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

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

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

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

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

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

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

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

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

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

  

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

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

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

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

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

  
 7 

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

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

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

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

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

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

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

  
 8 

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

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

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

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

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

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

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

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

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

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

  
 9 

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

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

  

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

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

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

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

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

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

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

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

  
 10 

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

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

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

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

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

  
 11 

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

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

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

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

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

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

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

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

  
 12 

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

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

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

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

  
 13 

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

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

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

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

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

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

 ARTICLE II 

SERVICES AND DURATION 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SECTION 2.05 Additional GE Provided Services. 

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

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

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

PERFORMANCE OF SERVICES 

SECTION 3.01 R&D Services and Statements of Work. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  
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 SECTION 3.05 Review and Reporting Requirements. 

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

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

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

  

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

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

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

  

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SECTION 3.14 Reservation of Rights. 

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

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

OTHER ARRANGEMENTS 

SECTION 4.01 Intercompany Service Managers. 

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

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

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

  
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 SECTION 4.02 Software and Software Licenses. 

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

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

SECTION 4.04 Corporate Policies. 

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

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

SECTION 4.05 Limitations with Respect to the GE Materials. 

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

  
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 ARTICLE V 

ADDITIONAL AGREEMENTS 

SECTION 5.01 System Resources and Security. 

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

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

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

  
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 SECTION 5.02 Access. 

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

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

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

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

  
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 SECTION 5.04 Shared Facilities. 

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

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

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

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

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

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

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

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

SECTION 5.06 Costs and Disbursements. 

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

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

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

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

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

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

  
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 SECTION 5.09 Taxes. 

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

  
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 ARTICLE VI 

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

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

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

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

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

SECTION 6.04 Modifications and Discontinuances. 

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

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

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

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

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

LIMITED LIABILITY AND INDEMNIFICATION 

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

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

ARTICLE VIII 
 DISPUTE
RESOLUTION 
 SECTION 8.01 Dispute Resolution. 

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

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

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

ARTICLE IX 
 TERM AND
TERMINATION 
 SECTION 9.01 Term and Termination. 

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

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

SECTION 9.04 Force Majeure. 

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

GENERAL PROVISIONS 

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

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

SECTION 10.03 Treatment of Confidential Information. 

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

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

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

  
 47 

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

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

Boston, Massachusetts 02210 

Attention: James M. Waterbury 

Telephone: (617) 443-3030 

Facsimile: +44 207302 6834 

Email: jim.waterbury@ge.com 

(b) If to Baker Hughes: 

Baker Hughes, a GE company, LLC 

17201 Aldine Westfield Road 

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

Facsimile: (713) 439-8472 

Email: will.marsh@bhge.com 

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

  
 48 

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

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

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

  
 49 

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

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

  
 50 

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

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

 [Signature Page to the Intercompany Services Agreement] 

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

 [Signature Page to the Intercompany Services Agreement]EX-10.12

 Exhibit 10.12 

EXECUTION VERSION 
  

 
  

SUPPLY AGREEMENT 
 dated as
of July 3, 2017 
 between 

GENERAL ELECTRIC COMPANY 

and 
 BAKER HUGHES, A GE
COMPANY, LLC 
  
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	4	 
		
	 Section 1.01 Certain Defined Terms
	  	 	4	 
		
	 ARTICLE II TERM AND TERMINATION
	  	 	7	 
		
	 Section 2.01 Term
	  	 	7	 
	 Section 2.02 Seller’s Obligations on Termination of this Supply Agreement
	  	 	7	 
		
	 ARTICLE III SCOPE
	  	 	7	 
		
	 Section 3.01 Scope
	  	 	7	 
		
	 ARTICLE IV PURCHASE AND SUPPLY OF SELLER GOODS
	  	 	8	 
		
	 Section 4.01 Purchasing Commitment
	  	 	8	 
	 Section 4.02 Supplying Commitment
	  	 	8	 
		
	 ARTICLE V PURCHASE ORDERS
	  	 	8	 
		
	 Section 5.01 Outstanding POs at Closing
	  	 	8	 
	 Section 5.02 PO Contents
	  	 	9	 
	 Section 5.03 Modifications and Scheduling POs
	  	 	9	 
	 Section 5.04 Acceptance of POs
	  	 	10	 
		
	 ARTICLE VI TERMS & CONDITIONS OF PURCHASE
	  	 	10	 
		
	 Section 6.01 Terms & Conditions of Purchase
	  	 	10	 
		
	 ARTICLE VII ALLOCATION OF LIABILITY
	  	 	11	 
		
	 Section 7.01 Limitation of Liability
	  	 	11	 
		
	 ARTICLE VIII PRICING, PAYMENT TERMS AND INVOICING
	  	 	11	 
		
	 Section 8.01 Pricing and Payment Terms
	  	 	11	 
	 Section 8.02 Invoicing
	  	 	11	 
	 Section 8.03 Taxes
	  	 	11	 
		
	 ARTICLE IX GENERAL PROVISIONS
	  	 	12	 
		
	 Section 9.01 Authority
	  	 	12	 
	 Section 9.02 Notices
	  	 	12	 
	 Section 9.03 Entire Agreement, Waiver and Modification
	  	 	12	 
	 Section 9.04 No Third-Party Beneficiaries
	  	 	13	 
	 Section 9.05 Compliance with Laws and Regulations
	  	 	13	 
	 Section 9.06 Governing Law; Dispute Resolution
	  	 	13	 

  
 2 

 TABLE OF CONTENTS 

(Continued) 
  

					
	 	  	Page	 
	 Section 9.07 Confidentiality
	  	 	14	 
	 Section 9.08 Counterparts; Electronic Transmission of Signatures
	  	 	15	 
	 Section 9.09 Survival
	  	 	15	 
	 Section 9.10 Assignment
	  	 	15	 
	 Section 9.11 Rules of Construction
	  	 	15	 
	 Section 9.12 Non-Recourse
	  	 	16	 
	 Section 9.13 Audit
	  	 	16	 
	 Section 9.14 Independent Contractors
	  	 	16	 

 APPENDICES 
  

			
	 APPENDIX 1
	  	Seller Goods & Pricing Schedule
	 APPENDIX 2
	  	Seller Standard Terms
	 APPENDIX 3
	  	Seller’s Software License
	 APPENDIX 4
	  	Integrity Guide for Suppliers, Contractors and Consultants and other requirements from the GE Supplier website
	 APPENDIX 5
	  	Outstanding POs at Closing

  
 3 

 SUPPLY AGREEMENT 

This Supply Agreement, dated as of July 3, 2017 (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” or “Seller”), on behalf of itself and the legal entities operating on its behalf, and Baker
Hughes, a GE company, LLC, a Delaware limited liability company (“BHGELLC” or “Buyer”), on behalf of itself and the legal entities operating on its behalf (each a “Party”, and collectively, the
“Parties”). 
 RECITALS 

WHEREAS, pursuant to that certain Transaction Agreement and Plan of Merger, dated as of October 30, 2016, among GE, Baker Hughes
Incorporated, a Delaware corporation (“BHI”), Baker Hughes, a GE company (formerly known as Bear Newco, Inc.), a Delaware corporation (“Baker Hughes”), and Bear MergerSub, Inc., a Delaware corporation
(“Merger Sub”), as amended by the Amendment to the Transaction Agreement and Plan of Merger, dated as of March 27, 2017, among GE, BHI, Baker Hughes, Merger Sub, BHI Newco, Inc., a Delaware corporation, and Bear MergerSub 2,
Inc., a Delaware corporation (as may be further amended from time to time, the “Transaction Agreement”), GE will combine its oil and gas business (“GE O&G”) with BHI to create Baker Hughes; 

WHEREAS, pursuant to the Transaction Agreement, upon closing of the transaction, Baker Hughes will operate as a public company traded on the
New York Stock Exchange with approximately 62.5% of the voting stock owned by GE and approximately 37.5% of the voting stock owned by public shareholders; 

WHEREAS, the Transaction Agreement requires delivery of this Supply Agreement on the Effective Date (as defined below); and 

WHEREAS, Buyer desires to license software or purchase from Seller certain products, equipment or component parts and related services as
supplied to Buyer during the Baseline Period as more fully described on Appendix 1 and excluding all Excluded Products, as well as such other products, equipment, or component parts and related services or software as the Parties may agree
from time to time (each such software, product, equipment and or component parts or related service being a “Seller Good” and, collectively, the “Seller Goods”) and the Parties desire that this Supply Agreement and
any POs issued, acknowledged and agreed to by Seller pursuant to this Supply Agreement establish the exclusive terms and conditions as to the transactions for the Seller Goods. 

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

ARTICLE I 
 DEFINITIONS

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

  
 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) Baker Hughes and its Subsidiaries shall not be considered affiliates of GE and (ii) GE and
its Subsidiaries (except for the Subsidiaries of Baker Hughes) shall not be considered affiliates of Baker Hughes. 
 “Baker
Hughes” shall have the meaning set forth in the Recitals. 
 “Baseline Period” shall mean the 12-month period
immediately preceding October 30, 2016. 
 “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. 
 “Buyer” shall
have the meaning set forth in the Preamble. 
 “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. 

“Effective Date” shall mean the date hereof. 

“Excluded Products” shall mean any (i) GE Digital Services, including the GE entities-hosted Predix platform and related
applications and (ii) any Professional or Consultancy Services. 
 “GE Digital Services” shall mean those products and
services that are the subject of that certain GE Digital Master Products and Services Agreement, dated the date hereof, between GE Digital LLC and BHGELLC. 

“GE O&G” shall have the meaning set forth in the Recitals. 

“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. 

“Group” shall mean with respect to either Party, such Party (either Buyer or Seller, as applicable), as well as its
Affiliates and their respective shareholders, officers, directors, employees. For the avoidance of doubt, Group shall not include, in connection with the PO to which the Seller Goods relate, a Party’s customer, joint venture partners, joint
interest owners, co-lessees, consortium members or other partners, or contractors and subcontractors of any tier in connection with such PO. “Buyer Group” and “Seller Group” shall be construed accordingly. Seller Group does not
include any member of Buyer Group and Buyer Group does not include any member of Seller Group. 
 “Initial Term” shall have
the meaning set forth in Section 2.01. 

  
 5 

 “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. 

“Party” shall mean Seller and Buyer individually, and “Parties” means Seller and Buyer 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 Buyer or any of
its Affiliates to Seller for the Seller Goods during the Term. 
 “Professional or Consultancy Services” shall mean any
service provided by or to GE or its Affiliates or by or to Baker Hughes or its Affiliates pursuant to a Long-Term Ancillary Agreement (as defined in the Transaction Agreement) but excluding this Supply Agreement. 

“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. 

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

“Seller Goods” shall have the meaning set forth in the Preamble. 

“Seller’s Software License” shall mean each applicable license set forth on Appendix 3 hereto. 

“Seller Standard Terms” shall mean each applicable Seller’s terms and conditions for sale or license of the Seller Goods
and attached as Appendix 2 (for certain products, equipment or component parts and related services) and Appendix 3 (for certain Seller software, including software as a service (SaaS), embedded software, or software that is installed
on Buyer’s equipment), including geographic variations for each such Seller Standard Terms as currently in use at the time of execution of this Supply Agreement, in each case, with such amendments, modifications and supplements to each such
applicable standard terms as the applicable Seller may adopt from time to time, but solely to the extent such amendments, modifications and supplements are required by applicable Law or as otherwise agreed to in writing by the Parties. 

  
 6 

 “Site” shall mean the premises where Seller Goods are used or services are
performed, not including Seller’s premises from which it performs 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. 

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

“Tax” shall have the meaning set forth in the Transaction Agreement. 

“Trigger Date” shall have the meaning set forth in that certain Stockholders Agreement between GE and Baker Hughes dated as
of the date hereof, as it may be amended or modified. 
 ARTICLE II 

TERM AND TERMINATION 

Section 2.01 Term. The term of this Supply Agreement shall commence on the Effective Date and shall continue for a period of sixty
(60) months (the “Initial Term”). Following the Initial Term, this Supply Agreement shall automatically renew on a yearly basis until the Trigger Date (including the Initial Term, the “Term”). Upon the Trigger
Date, the terms of this Supply Agreement shall continue to govern all POs governed by this Supply Agreement that are entered into between the Parties prior to the Trigger Date. 

Section 2.02 Seller’s Obligations on Termination of this Supply Agreement. Unless otherwise specified by Buyer, and to the
extent not already provided for in any PO, upon Seller’s receipt of a notice of termination of this Supply Agreement, Seller shall promptly: (a) stop work under any POs outstanding as of such notice date as directed in the notice;
(b) place no further subcontracts/orders in respect of any such outstanding POs; (c) terminate, or if requested by Buyer assign, all such outstanding POs; and (d) deliver all completed work, work in process, designs, drawings,
specifications, documentation and materials required or produced expressly for such terminated POs that have been paid for in full by Buyer. 

ARTICLE III 
 SCOPE

 Section 3.01 Scope. This Supply Agreement shall apply to all POs issued by Buyer or any of its Affiliates to Seller for
the Seller Goods 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 Party, other than the Seller Standard Terms, shall be binding or
have any legal effect whatsoever on this Supply Agreement and/or any POs. 

  
 7 

 ARTICLE IV 

PURCHASE AND SUPPLY OF SELLER GOODS 

Section 4.01 Purchasing Commitment. 

(a) During the Term, Buyer or any of its Affiliates acting on its behalf may purchase from Seller any or all of the Seller Goods. 

(b) The Parties hereby acknowledge that the quantities of Seller Goods (i) are subject to adjustment at the discretion of Buyer based on
its actual volume, customer and business requirements and (ii) shall not, other than with respect to accepted POs, constitute a commitment or obligation by Buyer or any Affiliate to purchase any minimum percentage or volume of Seller Goods from
Seller or any other entity. 
 Section 4.02 Supplying Commitment. 

(a) Seller shall sell any or all of the Seller Goods to Buyer or any of its Affiliates pursuant to any POs accepted by Seller in its
discretion in accordance with the terms of this Supply Agreement. 
 (b) At all times during the Term, Seller agrees to possess and maintain
the necessary capacity, machinery, personnel and resources to sell to Buyer or any of its Affiliates at least the volume of Seller Goods set forth in all outstanding POs accepted by Seller in its discretion pursuant to this Supply Agreement. 

(c) Subject to the manufacturing and delivery forecasting provisions of the applicable PO, Seller shall not discriminate between Buyer, on the
one hand, and any other customer of Seller, on the other, in the scheduling or the provision of any of the Seller Goods, but nothing in this Supply Agreement shall entitle Buyer to any priority over other customers in such scheduling or provision,
unless such is expressly agreed to in writing by Buyer and Seller in the applicable PO. 
 ARTICLE V 

PURCHASE ORDERS 

Section 5.01 Outstanding POs at Closing. Seller shall fulfil all POs issued by Buyer and accepted by Seller in writing as of the
Effective Date with respect to the Seller Goods as set forth on Appendix 5, at the prices specified in such POs and upon the terms already in place; provided that such terms are in the ordinary course consistent with past practice
during the Baseline Period. For any POs accepted on or following the Effective Date , this Supply Agreement will supersede any existing agreements between Buyer on the one hand, and Seller, on the other hand, for the purchase or license of Seller
Goods. 

  
 8 

 Section 5.02 PO Contents. All purchases or licenses of the Seller Goods under this
Supply Agreement shall be subject to the issuance of a PO by Buyer or any of its Affiliates and the acceptance of such PO by Seller pursuant to the applicable Seller Standard Terms. POs issued by Buyer or any of its Affiliates pursuant to this
Supply Agreement shall contain at a minimum: 
 (a) a PO number; 

(b) a Seller Good description or reference and scope of supply; 

(c) the required delivery date or dates or delivery forecast and delivery terms (determined consistently with the practices of the applicable
Seller and Buyer during the Baseline Period with respect to such forecasting) if different from the terms set forth in the applied Seller Standard Terms; 

(d) the applicable prices as determined in accordance with Section 8.01 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 Buyer, including to comply with its customer terms, that are different from the Seller Standard Terms, which will
be highlighted in the PO in order to ensure that Seller is aware of and can expressly agree to and comply with such clauses, and, provided that Seller is not required to agree to any such Buyer requests; and 

(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 and Baker Hughes, a GE company, LLC, a Delaware limited liability company on July 3, 2017”;
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 5.03 Modifications and Scheduling POs. 

(a) All delivery dates, shipping instructions, quantities ordered and other like terms of a PO may be revised upon the issuance by Buyer to
Seller 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 Buyer and Seller. 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 equitable adjustment of the PO price and the scheduled delivery date(s). Buyer shall pay for all work that Seller commenced for which the Seller has
incurred costs under the PO prior to any quantities being decreased. Seller 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. 

  
 9 

 (b) Seller agrees to provide a general 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 delivery date(s) set forth in the relevant POs as accepted by Seller. Subject to appropriate safeguards
for the protection of Seller’s proprietary information and upon reasonable advance request, Seller also agrees to allow Buyer’s staff regular access to its facilities to review the PO status and quality, and to provide a bi-monthly report
on schedule status. In the event that any portion of the Seller Goods falls behind schedule, Seller shall (a) provide a detailed schedule and verbal updates as needed with regard to the status of the PO completion and (b) allow for on-site
expediting by Buyer or an agent appointed by them. 
 Section 5.04 Acceptance 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 (i) governed by this Supply Agreement and (ii) shall be deemed a separate and independent contract between
Seller and Buyer from any other PO issued hereunder. 
 ARTICLE V 

ITERMS & CONDITIONS OF PURCHASE 

Section 6.01 Terms & Conditions of Purchase. 

(a) Purchases made by Buyer of Seller Goods shall be subject to the following: 

(i) the terms of this Supply Agreement; 

(ii) the applicable Seller Standard Terms; and 

(iii) subject to Section 5.02(h), any additional terms contained in POs issued hereunder (including, on a PO by PO basis, any
modifications to the Seller Standard 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 Buyer or Buyer’s end customer). 

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

(i) the terms of this Supply Agreement, excluding the applicable Seller Standard Terms and Seller’s Software License; 

(ii) the terms of any POs issued hereunder; 

(iii) Seller’s Software License for the license of Seller’s software; 

(iv) the applicable Seller Standard Terms; and 

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

  
 10 

 ARTICLE VII 

ALLOCATION OF LIABILITY 

Section 7.01 Limitation of Liability. Notwithstanding anything to the contrary contained in this Supply Agreement or the
applicable Seller Standard Terms, the Parties hereby agree that neither the Buyer nor the Seller 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 Buyer’s customers for the foregoing types of damages. 

ARTICLE VIII 
 PRICING,
PAYMENT TERMS AND INVOICING 
 Section 8.01 Pricing and Payment Terms. 

(a) Pricing for the Seller Goods set forth on Appendix 1 shall be based on the methodology set forth thereon. Charges in addition to
those determined by the applicable pricing methodology (including charges in respect of terms pursuant to Section 6.01(a)(iii)) shall be agreed to in writing by Buyer and Seller. 

(b) Pricing for the Seller Goods not set forth on Appendix 1 shall be determined based on pricing methodologies used by Seller for
pricing such Seller Goods during the Baseline Period and in the absence of past orders on an arms’ length basis. 
 Section 8.02
Invoicing. Buyer shall pay or settle each invoice from Seller, either directly by wire transfer or through GE’s inter-company settlement system, no later than 30 days after Buyer’s receipt of Seller’s invoice. 

Section 8.03 Taxes. 

(a) Pricing for Seller Goods is exclusive of, and Buyer 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 Seller Goods purchased by Buyer pursuant to this Supply Agreement; provided that (i) to the extent such Taxes are required to be
collected and remitted by Seller, Buyer shall pay such Taxes to such Seller upon receipt of an invoice from such Seller, and (ii) for the avoidance of doubt, such Pricing shall be inclusive of, and Seller shall bear, any income similar Taxes
imposed on or payable by Seller. 
 (b) Cooperation The Parties will take reasonable steps to cooperate to minimize the imposition
of, and the amount of, Taxes described in this Section 8.03. 

  
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 ARTICLE IX 

GENERAL PROVISIONS 

Section 9.01 Authority. 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. 

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 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 Seller: 

General Electric Company 
 33-41
Farnsworth Street 
 Boston, Massachusetts 02210 

Attention: James M. Waterbury 

Telephone: (617) 443-3030 

Facsimile: +44 207302 6834 

Email: jim.waterbury@ge.com 
 (b)
If to Buyer: 
 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 9.03 Entire Agreement, Waiver and Modification. This Supply Agreement, the applicable Seller Standard Terms and any 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. 

  
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 Section 9.04 No 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 Seller or
Buyer, 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. 

Section 9.05 Compliance with Laws and Regulations. 

(a) 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. Seller acknowledges that it has received, reviewed and agrees to follow the GE
Integrity Guide for Suppliers, Contractors and Consultants, and other requirements of GE Suppliers hyperlinked or attached hereto as Appendix 4. The policies and procedures outlined in Appendix 4 shall apply to Baker Hughes or GE when
it acts as Seller hereunder regardless of whether it has adopted or modified such policies. 
 (b) The PO price is based on Seller’s
design, manufacture and delivery of the Seller Goods pursuant to (a) its design criteria, manufacturing processes and procedures and quality assurance program, (b) those portions of industry specifications, codes and standards in effect as
of the date of the PO that are applicable to the Seller Goods, and (c) United States Federal, State and local laws and rules of Governmental Entities in effect and applicable to the Seller Goods on the date of the PO. 

Section 9.06 Governing 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 Buyer and Seller 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 the leaders of their respective businesses for resolution. If the business
leaders are unable to resolve the dispute promptly, it should be escalated to the Chief Executive Officer of Baker Hughes and the Chief Executive Officer of the relevant Tier 1 GE business (or such other equivalent officer as designated by such Tier
1 GE business Chief Executive Officer). If the dispute is nonetheless unresolved, the dispute resolutions procedures in (d) below shall apply. 

  
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 (d) Any dispute arising out of or in connection with this Supply Agreement or an individual PO
that cannot be settled by the negotiation procedure set forth in Section 9.06(c) shall be resolved in accordance with the dispute resolution provision in Seller Standard Terms. 

Section 9.07 Confidentiality. In addition, and not in contravention, to the confidentiality provisions set forth in the Seller
Standard Terms and the Transaction Agreement, the Parties agree as follows: 
 (a) In connection with this Supply Agreement, Seller and Buyer
(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 Seller Goods, (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 9.07 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 maintenance of the Seller Goods, (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) and maintenance of the Seller Goods, 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 9.07 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, 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 9.07. 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. 

  
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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 Seller Goods. 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 9.08 Counterparts; 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 9.09 Survival. The provisions of Article VI, Article
VII, Article VIII, and Article IX of this Supply Agreement shall survive its termination. 
 Section 9.10
Assignment. Neither Buyer nor Seller 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
Seller or Buyer shall be bound by the terms and conditions of this Supply Agreement. 
 Section 9.11 Rules 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 interpretation of this Supply Agreement; (j) Seller and Buyer 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 

  
 15 

 
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 9.12 Non-Recourse. No past, present or future director, officer, employee, incorporator, member, partner, stockholder,
Affiliate, agent, attorney or Representative of Seller or Buyer 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 9.13 Audit. Seller shall maintain a complete and correct set of records pertaining to expenses
and other reimbursable costs that have been invoiced to the Buyer pursuant to the provision of Seller Goods under this Supply Agreement and compliance with Law (if Seller Goods 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 Seller’s performance under this Supply Agreement (the “Records”). Upon the expiration or termination of this Supply Agreement, Buyer
shall have the right, for 12-months from such expiration or termination, upon reasonable prior notice and during normal business hours, at Buyer’s election and expense, to conduct one reasonable audit of the Records of Seller through an audit
conducted by an independent third party auditor. Seller shall take all reasonable measures to ensure the safety of any auditor who is present on its premises. 

Section 9.14 Independent Contractors. The relationship of Seller and Buyer established by this Supply Agreement is that of
independent contractors. 

  
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 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

 [Signature Page to the Supply Agreement (GE to BHGELLC)] 

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

 [Signature Page to the Supply Agreement (GE to BHGELLC)]

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