0000950129-04-002817 Sample Contracts

March 17, 2004 Via Hand Delivery Mr. Andrew Szescila 6307 Prague Street Houston, TX 77007 Dear Andy:
Baker Hughes Inc • May 5th, 2004 • Oil & gas field machinery & equipment • Texas

As we have agreed, your employment with Baker Hughes Incorporated (hereinafter referred to as “Company”) will terminate on the date of your retirement. The purpose of this letter (the “Agreement”) is to set forth certain agreements and understandings regarding, among other things:

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March 17, 2004 Via Hand Delivery Mr. Andrew Szescila 6307 Prague Street Houston, TX 77007 Dear Andy:
Baker Hughes Inc • May 5th, 2004 • Oil & gas field machinery & equipment • Texas

The purpose of this letter (the “Agreement”) is to set forth certain agreements and understandings regarding, among other things:

BAKER HUGHES INCORPORATED PERFORMANCE AWARD AGREEMENT January 1, 2004 Name Grantee
Baker Hughes Inc • May 5th, 2004 • Oil & gas field machinery & equipment

The Compensation Committee (the “Committee”) of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the “Company”), hereby grants to you, the above-named grantee, a performance award which shall entitle you to receive shares of the Company’s Common Stock, $1.00 par value per share (the “Common Stock”), pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan (the “Plan”), on the following terms and conditions:

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