SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>dp102779_ex1004.htm
<DESCRIPTION>EXHIBIT 10.4
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">February 28, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">General Electric Company&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">33-41 Farnsworth Street&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Boston, MA 02210</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baker Hughes, a GE company&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">17021 Aldine Westfield Road&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Houston, Texas 77073&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: William D. Marsh</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>RE: Intercompany Services Agreement</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Reference is hereby made to that certain
Amended and Restated Intercompany Services Agreement, dated as of November 13, 2018, by and between General Electric Company, a
New York corporation (&ldquo;<B>GE</B>&rdquo;), and Baker Hughes, a GE company, LLC, a Delaware limited liability company (&ldquo;<B>BHGE
LLC</B>&rdquo;), (the &ldquo;<B>Intercompany Services Agreement</B>&rdquo;) and to that certain Amendment No. 1 to the Master Agreement,
dated as of January 30, 2019, by and among GE, Baker Hughes, a GE company, a Delaware corporation, and BHGE LLC. Capitalized terms
used but not defined herein shall have the respective meanings ascribed to such terms in the Intercompany Services Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
as Exhibit A is the Controls Tools List.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
GE intends to discontinue any Controls Tool on the Controls Tools List, without limiting Section 6.04 of the Intercompany Services
Agreement, GE shall provide BHGE with written notice as soon as reasonably practicable prior to such discontinuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE
shall permit BHGE, from time to time and at any time, to substitute and replace individual users with new and additional users
for all resources provided with respect to the GE Provided Control Tools Access that are linked to individual user credentials,
in each case, subject to GE&rsquo;s standard approval procedures in the ordinary course; <U>provided</U> that BHGE shall provide
GE with reasonable advance written notice of such substitution, which notice shall include employee identification numbers or similar
identifier necessary for GE&rsquo;s SSO security system or successor system and any other reasonably requested information by GE
with respect to each substitute user.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of Sections 10.03 (Treatment of Confidential Information), 10.05 (Further Assurances), 10.06 (Notices), 10.07 (Entire
Agreement), 10.08 (No Third-Party Beneficiaries), 10.09 (Amendment; Waiver), 10.10 (Governing Law), 10.11 (Counterparts; Electronic
Transmission of Signatures), 10.12 (Assignment), 10.13 (Rules of Construction) and 10.14 (Non-Recourse) of the Intercompany Services
Agreement are hereby incorporated into this letter agreement <I>mutatis mutandis</I>, as if references to the Intercompany Services
Agreement were references to this letter agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page Follows</I>]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties hereto have
caused this letter to be duly executed as of the date first written above by their respective officers.</P>

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