PLEDGE AGREEMENTPledge Agreement • July 29th, 2020 • General Electric Co • Electronic & other electrical equipment (no computer equip) • New York
THIS PLEDGE AGREEMENT (this “Pledge Agreement”) is entered into as of July 28, 2020, between GE Oil & Gas US Holdings I, Inc., a Delaware corporation (“Pledgor”), Citibank, N.A. (“Secured Party”) and Citigroup Global Markets Inc. (“Custodian”).
AVERAGING SHARE FORWARD TRANSACTIONSGeneral Electric Co • July 29th, 2020 • Electronic & other electrical equipment (no computer equip) • New York
The purpose of this letter agreement (this “Master Confirmation”) is to set forth the terms and conditions of one or more transactions (each, a “Transaction”) entered into hereunder from time to time between Citibank, N.A. (“Dealer”) and GE Oil & Gas US Holdings I, Inc. (“Counterparty”). Each such Transaction entered into between Dealer and Counterparty that is subject to this Master Confirmation shall be evidenced by a supplemental confirmation substantially in the form of Annex A hereto (a “Supplemental Confirmation”), with such modifications as to which Dealer and Counterparty mutually agree. This Master Confirmation and each Supplemental Confirmation together shall constitute a “Confirmation” for the purposes of the Agreement specified below. In each Transaction, Dealer acts as counterparty only and not as an advisor or fiduciary to Counterparty.
