0000950129-03-004003 Sample Contracts

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Credit Agreement • August 8th, 2003 • Baker Hughes Inc • Oil & gas field machinery & equipment • New York
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EXHIBIT 10.4 BAKER HUGHES INCORPORATED NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • August 8th, 2003 • Baker Hughes Inc • Oil & gas field machinery & equipment
BAKER HUGHES INCORPORATED STOCK OPTION AGREEMENT
Stock Option Agreement • August 8th, 2003 • Baker Hughes Inc • Oil & gas field machinery & equipment

Pursuant to action taken by the Compensation Committee of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the "Company"), for the purposes of administration of the [BAKER HUGHES INCORPORATED 2002 EMPLOYEE LONG-TERM INCENTIVE PLAN OR BAKER HUGHES INCORPORATED 2002 DIRECTOR & OFFICER LONG-TERM INCENTIVE PLAN] (the "Plan"), the above-named Grantee is hereby granted a [NONQUALIFIED OR AN INCENTIVE] stock option to purchase the above number of shares of the Company's $1 par value per share common stock at the exercise price stated above for each share subject to this option, with the exercise price payable at the time of exercise. This option may not be exercised after the Expiration Date.

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