Exhibit 10.77
BAKER HUGHES INCORPORATED
Compensation Table for Named Executive Officers and Directors
Named Executive Officers:

|  |  |  |  |  | Base Salary
|  | Current |  | Effective
|  | Base Salary |  | April 20112
Chad C. Deaton 1 |  | $ | 1,155,000 |  |  | $ | 1,281,364 |
Martin S. Craighead |  |  | 650,000 |  |  |  | 710,526 |
Peter A. Ragauss |  |  | 650,000 |  |  |  | 680,526 |
Alan R. Crain |  |  | 473,000 |  |  |  | 499,429 |
John A. O’Donnell |  |  | 400,000 |  |  |  | 424,500 |

Non-Employee Directors3:

Annual Cash Retainer: |  | $ | 75,000 |
Audit/Ethics Committee Chairman Annual Retainer: |  | $ | 20,000 |
Other Committee Chairman Annual Retainer: |  | $ | 15,000 |
Audit/Ethics Committee Members Retainer: |  | $ | 10,000 |
Other Committee Members Retainer (Excluding Executive Committee): |  | $ | 5,000 |
Lead Director |  | $ | 15,000 |
Annual Non-Retainer Equity (restricted stock awarded in January, stock options awarded 50% in January and 50% in July of each year): |  | $ | 200,000 |

1 |  | Mr. Deaton has an Amended and Restated Employment Agreement with Baker Hughes Incorporated, filed as Exhibit 10.1 to Current Report on Form 8-K filed December 19, 2008.
2 |  | In addition to their base salaries, these named executive officers, at the discretion of the Board of Directors can receive equity compensation pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Compensation Plan, filed as Exhibits 10.2 to Quarterly Report on Form 10-Q for the quarter ended September 30, 2003; 10.3 to Quarterly Report on Form 10-Q for the quarter ended September 30, 2005; and 10.3 to Quarterly Report on Form 10-Q for the quarter ended June 30, 2008. These named executive officers also are entitled to participate in the Company’s Annual Incentive Compensation Plan, as amended and restated, filed as Exhibits 10.15 and 10.16 to Annual Report of Baker Hughes Incorporated on Form 10-K for the year ended December 31, 2007 and December 31, 2008, respectively. In 2011, the Executive Perquisite Program will be eliminated for the Named Executive Officers.
3 |  | Non-employee directors are reimbursed for reasonable travel and related expenses.