<SUBMISSION>
<ACCESSION-NUMBER>0000950123-11-043463
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20110428
<ITEMS>5.02
<ITEMS>5.07
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20110503
<DATE-OF-FILING-DATE-CHANGE>20110503
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BAKER HUGHES INC
<CIK>0000808362
<ASSIGNED-SIC>3533
<IRS-NUMBER>760207995
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-09397
<FILM-NUMBER>11803248
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2929 ALLEN PARKWAY
<STREET2>SUITE 2100
<CITY>HOUSTON
<STATE>TX
<ZIP>77019-2118
<PHONE>7134398600
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>PO BOX 4740
<CITY>HOUSTON
<STATE>TX
<ZIP>77210-4740
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>h81848e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<HEAD>
<TITLE>e8vk</TITLE>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of The Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><!-- xbrl,dc --><B>Date of Report (Date of earliest event reported): May&nbsp;3, 2011 (April&nbsp;28, 2011)</B><!-- /xbrl,dc --></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Baker Hughes Incorporated</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-9397</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>76-0207995</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>2929 Allen Parkway, Houston, Texas</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>77019</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Registrant&#146;s telephone number, including area code: (713)&nbsp;439-8600</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">(former name or former address, if changed since last report)</FONT></DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">

<TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<!-- link1 "Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;On April&nbsp;28, 2011, Baker Hughes Incorporated (the &#147;Company&#148;) announced that in accordance
with the Company&#146;s established succession plan, Chad C. Deaton will transition from Chairman of the
Board and Chief Executive Officer to Executive Chairman of the Company effective January&nbsp;1, 2012.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;(1)&nbsp;On April&nbsp;28, 2011, the Company also announced that Martin S. Craighead will assume the
position of Chief Executive Officer in addition to his role as President of the Company effective
January&nbsp;1, 2012.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Mr.&nbsp;Craighead, age 51, has served as President since July&nbsp;2010 and Chief Operating
Officer since May&nbsp;2009. During his career at the Company, he served as Senior Vice President of
the Company, President of the Company Drilling &#038; Evaluation Group and as President of Baker Atlas
and INTEQ. He joined the Company in 1986 and has worked in engineering, operational and managerial
positions throughout North America, Latin America and Asia Pacific. Mr.&nbsp;Craighead earned a
Bachelor of Science degree in Petroleum and Natural Gas Engineering from Pennsylvania State
University and a Master of Business Administration degree from Vanderbilt University.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;On April&nbsp;28, 2011, the Board of Directors of the Company entered into a Restated and
Superseding Employment Agreement with Chad C. Deaton (the &#147;Employment Agreement&#148;) in connection
with his transition from Chairman of the Board and Chief Executive Officer to Executive Chairman,
effective January&nbsp;1, 2012. The Employment Agreement generally provides that starting on January&nbsp;1,
2012 and continuing through January&nbsp;31, 2013, subject to annual renewals thereafter, Mr.&nbsp;Deaton
will serve as Executive Chairman of the Company. His duties will consist of chairing the Board of
Directors and conducting general oversight, on behalf of the Board, of the Company&#146;s operations as
carried by senior executive management, including supporting the new CEO. During Mr.&nbsp;Deaton&#146;s
service as the Executive Chairman of the Company, the Company will pay Mr.&nbsp;Deaton a base salary,
annualized, of $750,000 (&#147;Base Salary&#148;), and Mr.&nbsp;Deaton will be eligible to participate in the
Company&#146;s Annual Incentive Compensation Plan (or any successor) with a target bonus percentage,
expressed as a percentage of his Base Salary, of 120&nbsp;percent, and other benefits available on the
same basis as the other senior executive employees and officers. In addition to other terms with
respect to his employment, Mr.&nbsp;Deaton&#146;s restricted stock awards, stock options and performance
units currently outstanding will vest and become non-forfeitable on
January&nbsp;31, 2013, subject to
his continued employment through January&nbsp;31, 2013. As Executive Chairman he will be granted a new
restricted stock unit award that provides 37,500 shares will vest on
each of January&nbsp;31, 2013,
subject to his continued employment and the second anniversary of his termination of employment,
subject to compliance with certain non-compete requirements, death or disability. Pursuant to the
Employment Agreement, the existing Amended and Restated Employment Agreement between the Company
and Mr.&nbsp;Deaton, effective January&nbsp;1, 2009, and the Amended and Restated Change in Control Agreement
between Mr.&nbsp;Deaton and the Company, effective January&nbsp;1,
2009, will continue in effect in all
respects during Mr.&nbsp;Deaton&#146;s continued employment as Chief Executive Officer and Chairman of the
Board through December&nbsp;31, 2011 and terminate immediately thereafter. Mr.&nbsp;Deaton&#146;s
Indemnification Agreement effective October&nbsp;25, 2004, as amended effective January&nbsp;1, 2009, will
continue in accordance with its terms. The Employment Agreement is attached hereto as Exhibit
10.1 and is incorporated herein by reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 2<!-- /Folio -->
</DIV>

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<!-- link1 "Item&nbsp;5.07 Submission of Matters to a Vote of Security Holders" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5.07 Submission of Matters to a Vote of Security Holders.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Annual Meeting of Stockholders was held on April&nbsp;28, 2011 (i)&nbsp;to elect eleven
members of the Board of Directors to serve for one-year terms, (ii)&nbsp;to ratify Deloitte &#038; Touche LLP
as the Company&#146;s independent registered public accounting firm for the year 2011, (iii)&nbsp;to
reapprove the performance criteria for awards under the Company&#146;s Annual Incentive Compensation
Plan, (iv)&nbsp;to vote on an advisory vote to approve the Company&#146;s executive compensation program, (v)
to vote on the frequency of holding an advisory vote on the executive compensation program, and
(vi)&nbsp;to vote on Stockholder Proposal No.&nbsp;1 regarding a change in the manner in which the members
of the Board of Directors are elected to require director nominees to be elected by the affirmative
vote of the majority of votes cast at an annual meeting rather than the current plurality voting
standard. Following are the final results of the Annual Meeting.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The directors who were elected are Larry D. Brady, Clarence P. Cazalot, Jr., Chad C. Deaton,
Anthony G. Fernandes, Claire W. Gargalli, Pierre H. Jungels, James A. Lash, J. Larry Nichols, H.
John Riley, Jr., James W. Stewart and Charles L. Watson.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Names</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Affirmative Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Withheld</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Broker Non-Votes</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Larry D. Brady</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">331,373,848</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,130,397</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Clarence P. Cazalot, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">327,046,557</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,457,688</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chad C. Deaton</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">325,867,221</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,637,024</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anthony G. Fernandes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">331,295,573</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,208,672</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Claire W. Gargalli</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">324,837,674</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,666,571</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pierre H. Jungels</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">304,221,116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,283,129</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James A. Lash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">331,296,989</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,207,256</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">J. Larry Nichols</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">302,293,020</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,211,225</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">H. John Riley, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">329,660,432</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,843,813</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James W. Stewart</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">329,551,293</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,952,952</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Charles L. Watson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">329,462,882</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,041,363</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,810,934</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of affirmative votes, the number of negative votes and the number of abstentions
with respect to the ratification of Deloitte &#038; Touche LLP as Independent Registered Public
Accounting Firm for 2011 was as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Number of Affirmative Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of Negative Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Abstentions</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">358,993,376
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2,256,166
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2,065,636</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Page 4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of affirmative votes, the number of negative votes, the number of abstentions and
the number of broker non-votes with respect to the reapproval of the performance criteria for
awards under the Company&#146;s Annual Incentive Compensation Plan was as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of Negative</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Affirmative Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Abstentions</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Broker Non-Votes</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">327,929,048
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">5,157,043
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2,418,154
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">27,810,934</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of affirmative votes, the number of negative votes, the number of abstentions and
the number of broker non-votes with respect to the advisory vote to approve the Company&#146;s executive
compensation program was as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of Negative</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Affirmative Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Abstentions</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Broker Non-Votes</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">271,629,780
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60,140,096
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">3,734,368
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">27,810,934</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The vote of one, two or three years the number of abstentions and the number of broker
non-votes with respect to the frequency of holding an advisory vote on the executive compensation
program was as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Broker Non-</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>One Year</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Two Years</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Three Years</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Abstentions</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Votes</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">218,886,416
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">5,412,496
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">89,684,909
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">21,520,423
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">27,810,934</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of affirmative votes, the number of negative votes, the number of abstentions and
the number of broker non-votes with respect to Stockholder Proposal No.&nbsp;1 regarding the majority
vote standard for director elections was as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of Negative</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Affirmative Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Votes</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Abstentions</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Broker Non-Votes</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="7" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">152,344,702
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">178,007,199
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">5,152,343
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">27,810,934</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of March&nbsp;1, 2011, the record date, there were 434,318,886 shares issued and outstanding and
entitled to vote at the Company&#146;s Annual Meeting of Stockholders. At the Company&#146;s Annual Meeting
of Stockholders held on April&nbsp;28, 2011, 363,315,180 shares of common stock were represented in
person or by proxy, constituting a quorum. The information above reflects the number of votes cast
by the holders of such common stock.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Item&nbsp;7.01 Regulation&nbsp;FD Disclosure" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;28, 2011, the Company issued a news release, a copy of which is furnished with this
Form 8-K as Exhibit&nbsp;99.1. In accordance with General Instruction B.2 of Form 8-K, the information
shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as
amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of
1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Forward-Looking Statements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except for the historical information set forth in this document, the matters discussed in this
document are forward-looking statements that involve certain assumptions and known and unknown
risks, uncertainties and other factors that could cause our actual results to differ materially.
The words &#147;will,&#148; and similar expressions are intended to identify forward-looking statements. Our
expectations with regard to succession matters are subject to various factors and conditions. These
forward-looking statements are also affected by the risk factors described in the company&#146;s Annual
Report on Form 10-K for the year ended December&nbsp;31, 2010 and those set forth from time to time in
other filings with the Securities and Exchange Commission (&#147;SEC&#148;). The documents are available
through the company&#146;s website at http://www.bakerhughes.com/investor or through the SEC&#146;s
Electronic Data Gathering and Analysis Retrieval System (EDGAR)&nbsp;at http://www.sec.gov. We
undertake no obligation to publicly update or revise any forward-looking statement.
</DIV>

<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Exhibits. (Information furnished in this Item&nbsp;9.01 is furnished pursuant to Item&nbsp;9.01.)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 &#151; Restated and Superseding Employment Agreement between Chad C. Deaton and Baker Hughes
Incorporated dated April&nbsp;28, 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 &#151; News Release of Baker Hughes Incorporated dated April&nbsp;28, 2010.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->Page 6<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "SIGNATURE" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="center"><FONT style="FONT-variant: SMALL-CAPS">BAKER HUGHES INCORPORATED</FONT><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Dated:  May 3, 2011&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="center">/s/ Sandra E. Alford
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">Sandra E. Alford&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->Page 7<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBIT INDEX" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated and Superseding Employment Agreement between Chad C.
Deaton and Baker Hughes Incorporated dated April&nbsp;28, 2011.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">News Release of Baker Hughes Incorporated dated April&nbsp;28, 2011.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->Page 8<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>h81848exv10w1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link2 "Exhibit&nbsp;10.1" -->

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.1</B>
</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 18pt"><B>RESTATED AND SUPERSEDING<BR>
EMPLOYMENT AGREEMENT</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Restated and Superseding Employment Agreement (&#147;this Agreement&#148;), dated as of April&nbsp;28,
2011 (the &#147;Effective Date&#148;), is by and between Chad C. Deaton (the &#147;Executive&#148;) and Baker Hughes
Incorporated, a Delaware corporation (the &#147;Company&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Whereas, the Company, through its Board of Directors (the &#147;Board&#148;), and the Executive have agreed
on the timing and manner of the transition of his duties as Chief Executive Officer (&#147;CEO&#148;) of the
Company; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Whereas, the Board desires to retain the Executive&#146;s services as Executive Chairman for a time
following his relinquishment of his duties as CEO, and the Executive is agreeable to serve in that
capacity conditioned on the terms and conditions stated herein;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Now, therefore, in consideration of their respective promises and covenants herein contained, and
intending to be legally bound hereby, the Company, through its lawful and authorized
representatives, and the Executive (&#147;the Parties&#148;) hereby agree as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U><B>Continued Service as CEO.</B></U> The Executive agrees to continue to serve, and the
Company agrees to continue to employ the Executive, as CEO through midnight on December&nbsp;31, 2011.
The Amended and Restated Employment Agreement, effective January&nbsp;1, 2009 (&#147;2009 Agreement&#148;), and
the Amended and Restated Change in Control Agreement, effective January&nbsp;1, 2009 (&#147;CIC Agreement&#148;),
between the Executive and the Company shall continue in effect in all respects during the
Executive&#146;s continued employment as CEO of the Company. The Executive also will continue to serve
as Chairman of the Board through December&nbsp;31, 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U><B>Termination of Prior Agreements.</B></U> Except as otherwise provided in this Agreement,
the 2009 Agreement and the CIC Agreement shall terminate, and no longer have effect, as of midnight
on December&nbsp;31, 2011. The provisions of section 3.4 of the CIC Agreement are incorporated herein
by reference and shall continue to apply to any payments or benefits provided for under this
Agreement and any other plan or agreement with the Company.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U><B>Relinquishment of CEO Duties.</B></U> The Executive, pursuant to this Agreement and
without further action on his part, will relinquish his duties as
CEO of the Company as of midnight on December&nbsp;31, 2011 and, as of 12:01&nbsp;a.m. on January&nbsp;1,
2012, pursuant to this Agreement and without further action on the part of the Parties, will become
Executive Chairman of the Board. At that time, the terms and conditions of this Agreement with
respect to the Executive&#146;s continued employment shall supersede those of the 2009 Agreement, except
to the extent that provisions of the 2009 Agreement are incorporated herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U><B>Term of Employment as Executive Chairman.</B></U> The Company agrees to employ the
Executive, and the Executive accepts such employment on the terms and conditions herein set forth,
as Executive Chairman commencing on January&nbsp;1, 2012 and continuing through January&nbsp;31, 2013;
provided that on February&nbsp;1, 2013, and each anniversary of February 1 thereafter, this Agreement
automatically shall renew for a term of one year unless either of the Parties provides written
notice on or before the preceding December 1 that the employment relationship and this Agreement
shall terminate on the next January&nbsp;31. The Executive&#146;s employment as Executive Chairman shall be
subject to his re-election to the Board by the Company&#146;s stockholders at the Company&#146;s regular
Annual Meetings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U><B>Duties.</B></U> The Executive&#146;s duties as Executive Chairman shall consist of chairing the
Board and general oversight, on behalf of the Board, of Company operations as carried out by senior
executive management and shall be consistent with the Parties&#146; intention that he will devote his
efforts to supporting the new CEO with regard to the execution of his responsibilities and
providing a degree of continuity of senior executive management immediately following the
transition of responsibilities to the new CEO. The Executive may perform such duties from any
location that is convenient to him so long as performance from such location does not materially
adversely affect such performance. The Parties agree that the Executive, except for the foregoing
commitments to the Company, shall have the flexibility and freedom to pursue and engage in other
business opportunities and activities outside the Company provided those activities do not
constitute a conflict of interest with regard to his duties to the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U><B>Continuation of Employment.</B></U> The Executive shall continue as an executive employee
and officer of the Company for the entire duration of his service as Executive Chairman, without
any interruption in service as a result of his relinquishing CEO responsibilities, and shall be so
treated for all purposes, including with respect to participation in compensation and benefits
plans of the Company except to the extent as may be otherwise provided in this Agreement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U><B>Compensation.</B></U> During his service as the Executive Chairman, the Executive shall
receive the following compensation and benefits:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Company shall pay the Executive a base salary, annualized, of $750,000 (&#147;Base Salary&#148;)
during the initial term of this Agreement commencing on January&nbsp;1, 2012, payable in periodic
amounts in accordance with its customary payroll practices for senior executive officers. The
Parties may adjust the amount of the Base Salary by mutual agreement should this Agreement be
renewed beyond its initial term.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Executive shall be eligible to participate in the Company&#146;s Annual Incentive
Compensation Plan (or any successor) on the same basis as other senior executive employees and
officers, with a target bonus percentage, expressed as a percentage of his Base Salary, of 120
percent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as provided herein, the Executive shall continue to be eligible for, and to
receive, all compensation, benefits and perquisites available to senior executive employees and
officers, including but not limited to all Company Supplemental Retirement Plan contributions,
pension contributions and accruals, Company thrift plan contributions, and medical-related, life
and disability insurance and other benefits and insurance coverages, on the same basis as other
senior executive employees and officers. With regard to perquisites, payments will continue to be
in accord with the Company&#146;s Executive Perquisite Program.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Subject to section 13(c) of this Agreement, the Executive&#146;s restricted stock awards and
stock options existing as of December&nbsp;31, 2011, to the extent not vested, will continue to vest
pursuant to their terms during his service as Executive Chairman. If the Executive continues his
employment with the Company until January&nbsp;31, 2013, all restricted stock awards and stock options
existing as of December&nbsp;31, 2011, to the extent not vested as of January&nbsp;31, 2013, shall vest in
full on that date, and the Executive shall have a fully vested, non-forfeitable right to such stock
and to exercise such stock options pursuant to their terms on and after that date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Subject to section 13(c) of this Agreement, the Executive&#146;s performance unit awards
existing as of December&nbsp;31, 2011, will continue to vest and be earned in accordance with their
terms during his service as Executive Chairman, subject to the achievement of the performance
metrics applicable for such awards. If the Executive continues his employment with the Company
until January&nbsp;31, 2013, all of his performance unit awards existing as of December&nbsp;31,
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2011, to the extent not vested on January&nbsp;31, 2013, shall vest in full and be fully earned,
without any proration, as of January&nbsp;31, 2013, subject to the achievement of the performance
metrics applicable for such awards. Payments under such performance unit awards shall be made at
the times specified in the applicable performance unit agreements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;For the avoidance of doubt, the Company confirms that (i)&nbsp;the Executive has fully
nonforfeitable interests in his accrued benefits earned under the Baker Hughes Incorporated Pension
Plan, the Baker Hughes Incorporated Thrift Plan and the Baker Hughes Incorporated Supplemental
Retirement Plan (including with regard to any Company contributions, deferrals or accruals
thereunder made after December&nbsp;31, 2011), and (ii)&nbsp;upon termination of employment, the Executive
will be deemed to have &#147;retired&#148; for purposes of exercising his stock options.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;The Executive&#146;s accrued but unused vacation, as of December&nbsp;31, 2011, shall be paid to him
in a lump sum within 30&nbsp;days following his relinquishment of the CEO duties. The Executive will
not accrue or earn paid vacation as Executive Chairman.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;In his capacity as Executive Chairman the Executive will not be eligible to participate in
the Baker Hughes Incorporated Change in Control Severance Plan (or successor plan), an individual
change in control severance agreement (not including this Agreement) or the Baker Hughes
Incorporated Executive Severance Plan (or successor plan), it being understood that the sole
severance benefits and amounts payable to the Executive in the event of his termination shall be
those specified in this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The only long-term incentive award that shall be granted to the Executive in his capacity
as Executive Chairman shall be the award described in this section 7(i). The Company shall grant to
the Executive a restricted stock unit award (&#147;Award&#148;). Notwithstanding any other provision of
this Agreement, the Award provided for in this section 7(i) shall vest with respect to 37,500
shares of the Company&#146;s Common Stock on each of January&nbsp;31, 2013, and the second anniversary of the
Executive&#146;s termination from employment, or fully upon the Executive&#146;s death or Section&nbsp;409A
Disability (as defined in the 2009 Agreement), if earlier; and the Award, to the extent unvested,
shall be forfeited if the Executive&#146;s employment with the Company terminates prior to January&nbsp;31,
2013 (other than by the Company without Cause, by the Executive for Good Reason, or by reason of
death or Disability as defined herein) or if the Executive violates section 11 of this Agreement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U><B>Administrative Support and Expenses.</B></U> The Company shall provide the Executive with
a suitable office at its principal offices in Houston, Texas and such administrative support as the
Executive reasonably requires in connection with the performance of his duties under this
Agreement, and shall promptly reimburse the Executive for expenses (including those related to
travel) reasonably incurred in connection with such duties in accordance with the Company&#146;s expense
reimbursement policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U><B>Indemnification.</B></U> The Company shall indemnify the Executive to the fullest extent
permitted by law. The Executive will be entitled to the benefit of any insurance policies the
Company maintains for the benefit of its officers and directors against all liabilities, claims,
costs, charges and expenses incurred in connection with any action, suit or proceeding to which he
may be made, or threatened to be made, a party, witness or other participant by reason of being a
director, officer or employee of the Company. Additionally, the Indemnification Agreement
effective October&nbsp;25, 2004, as amended effective January&nbsp;1, 2009, between the Executive and the
Company shall continue in effect during the Executive&#146;s service as Executive Chairman and for such
periods of time following the termination of his employment as Executive Chairman as are
established in paragraph 21 (or elsewhere) of that Indemnification Agreement. Additionally, if the
Company fails to administer any provision of this Agreement consistent with its terms and intent,
the Company shall indemnify the Executive fully for any financial liability to the Executive
resulting from such error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U><B>Retirement.</B></U> Upon the Executive&#146;s termination of employment with the Company after
December&nbsp;31, 2011, for any reason (including death) other than by the Company for Cause, the
Executive, without further action on his part, shall be deemed and treated as having retired for
all purposes including, but not limited to, eligibility to participate in the Company&#146;s retiree
health plans and shall be deemed to have satisfied any related length of service requirements with
respect to such health plans (if termination is due to the Executive&#146;s death, his surviving spouse
shall be eligible to participate in such retiree health plans).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;<U><B>Non-competition.</B></U> The Executive, following his termination of employment, shall
comply with the restrictive covenants set out in section 9, sub-parts (a), (b)&nbsp;and (c), of the 2009
Agreement for the time period specified therein, and those provisions as well as sub-part (d)&nbsp;of
the 2009 Agreement are incorporated into this Agreement as if fully set out herein.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;<U><B>Termination.</B></U> The Executive&#146;s employment as Executive Chairman shall continue
until the earlier of the expiration of the term of this Agreement, including any renewed term as
set forth in section 4 above, or until such employment terminates for any of the following reasons:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>His death or Disability (as defined under the 2009 Agreement);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For Cause by the Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For Good Reason by the Executive; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without Cause by the Company or without Good Reason by the
Executive, either of which shall require 30&nbsp;days written notice to the other
Party.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Agreement, &#147;Good Reason&#148; means (i)&nbsp;the Company&#146;s failure to correct,
within 30 business days of receiving written notice, a material breach of this Agreement or the
assignment of duties or obligations to the Executive inconsistent with his duties as Executive
Chairman or (ii)&nbsp;the Company&#146;s failure to comply with section 16.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Agreement, &#147;Cause&#148; means the Executive&#146;s conviction of a criminal felony
or failure to correct, within 30 business days of receiving written notice, a material breach of
this Agreement; and in either instance, termination for Cause by the Company is to be effected by
adoption of a written resolution of the Board, by no less than a two-thirds majority of its entire
membership, finding the existence of &#147;Cause&#148; and terminating the employment relationship.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;<U><B>Payments Upon Termination.</B></U> The Company shall be responsible for the following
payments to the Executive upon a termination of the Executive&#146;s employment with the Company (other
than one resulting from the expiration of the term, or a renewed term, of this Agreement).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;In the event of termination of the Executive&#146;s employment with the Company due to death or
Disability, the Executive (or his beneficiary, heir or estate) shall receive those payments
specified in section 8(b) of the 2009 Agreement at those times therein specified.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In the event of termination of employment for Cause, the Executive shall receive those
payments specified in section 8(c) of the 2009 Agreement at those times therein specified.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;In the event of termination of employment by the Executive for Good Reason or by the
Company without Cause (including as a consequence of the failure of the stockholders to re-elect
the Executive to the Board), the Executive shall receive those payments and benefits specified in
section 8(e) of the 2009 Agreement, but without any proration as provided therein, and paid as
provided at those times therein specified, except that (i)&nbsp;in lieu of the amount specified in
section 8(e)(i)(C), the Executive shall receive (at the time specified in section 8(e) of the 2009
Agreement) an amount equal to his aggregate Base Salary that otherwise would be payable through the
end of the then current term of this Agreement, (ii)&nbsp;section 8(e) shall be applied as if the term
&#147;Highest Bonus Amount&#148; means an amount equal to the greater of $900,000 or the average of the
annual bonuses paid to the Executive in his capacity as Executive Chairman, and (iii)&nbsp;in addition
to the payments and benefits provided above in this section 13(c), all restricted stock awards of
the Executive existing on the date of his termination of employment shall vest in full, to the
extent not then vested, and be payable to the Executive on such date of termination; all stock
options of the Executive existing on such date of termination shall vest in full on such date, to
the extent not then vested, and shall be exercisable pursuant to their terms on and after such
date; and all performance unit awards of the Executive existing on such date of termination shall
be vested and earned in full on such date, without any proration, subject to the achievement of the
performance metrics applicable for such awards, and payments under such performance unit awards
shall be made at the times specified in the applicable performance unit agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;In the event of termination of employment by the Executive without Good Reason, the
Executive shall receive those payments specified in section 8(d) of the 2009 Agreement at those
times therein specified.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, for purposes of this section 13 all references in the 2009
Agreement to &#147;Base Salary&#148; shall be deemed to be references to the Executive&#146;s Base Salary in
effect under section 7(a) of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;<U><B>Section&nbsp;409A Compliance.</B></U> It is intended that this Agreement shall comply with
Section&nbsp;409A of the Internal Revenue Code (the &#147;Code&#148;). The provisions of this Agreement shall be
interpreted and administered by the Company in a manner that complies with Section&nbsp;409A of the
Code. Notwithstanding any provision in this Agreement to the contrary, if any payment
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided for in this Agreement would be subject to additional taxes and interest under Section
409A of the Code if the Executive&#146;s receipt of such payment is not delayed as provided in Section
409A(a)(2)(B) of the Code, then such payment shall not be made to the Executive until the earlier
of (a)&nbsp;the date of the Executive&#146;s death or (b)&nbsp;the date that is six months after the date of the
Executive&#146;s &#147;separation from service&#148; (within the meaning of Section&nbsp;409A of the Code) with the
Company. Any such delayed payments shall be paid in a lump sum without interest.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;<U><B>Dispute Resolution.</B></U> The Parties adopt by reference the Dispute Resolution
provisions of section 14 of the 2009 Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;<U><B>Successors.</B></U> The Company will require that any successor agree to adopt and comply
in all respects with the terms and provisions of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;<U><B>Amendments and Waiver.</B></U> No amendment, modification or waiver of any provision of
this Agreement shall be effective unless reduced to writing and signed by both Parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;<U><B>Entire Agreement.</B></U> This Agreement sets forth the entire agreement and
understanding of the Parties with respect to its subject matter and supersedes all prior agreements
and understandings, whether they be written or oral, except as otherwise expressly stated herein.
The Executive&#146;s participation, compensation and benefits under the Company&#146;s employee benefit plans
and compensation arrangements shall remain subject to the terms of such plans and compensation
arrangements, except to the extent otherwise provided in this Agreement, and as they may be
modified from time to time by the Company; provided that no modification to any such plan or
arrangement shall adversely impact the Executive unless the modification is generally applicable to
senior executive employees and officers of the Company, and in no event shall any such modification
adversely affect any right or benefit of the Executive provided for in this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.&nbsp;<U><B>Notice.</B></U> Notices and all other communications provided for in this Agreement shall
be in writing and deemed to have been duly given when delivered or mailed by United States
certified mail or registered mail, return receipt requested, postage prepaid, addressed as follows
to the respective party:
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">Mr.&nbsp;Chad C. Deaton<BR>
13914 I. O. Court<BR>
Willis, Texas 77318
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">Baker Hughes Incorporated<BR>
2929 Allen Parkway, Suite&nbsp;2100<BR>
Houston, Texas 70019<BR>
Attention: General Counsel
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or to such other address as either Party may have furnished the other in writing in accordance with
this provision, except that notices of change of address shall be effective only upon receipt.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.&nbsp;<U><B>Governing Law.</B></U> This Agreement shall be governed by and construed in accordance
with the laws of the State of Texas without regard to conflicts of law principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.&nbsp;<U><B>Effectiveness.</B></U> This Agreement shall become effective as of the Effective Date
upon approval of the Board following its execution. The Board shall provide to the Executive a
certified copy of the written resolution of approval as soon as practicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>In witness whereof</B>, the Parties have executed this Agreement effective for all purposes as of
the Effective Date.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BAKER HUGHES INCORPORATED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/H. John Riley, Jr.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">H. John Riley, Jr.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Lead Director<BR>
Date:&nbsp;April 28, 2011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                                  /s/Claire W. Gargalli
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Claire W. Gargalli&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chair, Compensation Committee&nbsp;<BR>
Date: April 28, 2011</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CHAD C. DEATON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/Chad C. Deaton
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Date:  April 28, 2011&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>h81848exv99w1.htm
<DESCRIPTION>EX-99.1
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="h81848h8184800.gif" alt="(BH_Logo)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="font-size:12pt"><B><I>Baker Hughes Announces CEO Succession Plan</I></B></FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">HOUSTON, Texas &#151; April&nbsp;28, 2011. Baker Hughes Incorporated (NYSE: BHI) held its annual
stockholders meeting this morning in Houston, Texas. At its regularly scheduled Board of Directors
meeting following the annual meeting, the Board, acting in accordance with its established
succession plan, approved the transition of Chad C. Deaton, Chairman of the Board and Chief
Executive Officer, to the new role of Executive Chairman beginning January&nbsp;1, 2012. At that time
Martin S. Craighead will assume the position of Chief Executive Officer in addition to his role as
President of Baker Hughes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Deaton said, &#147;In October&nbsp;2011, I will have served seven years as the leader of Baker Hughes.
We have accomplished the major objectives I had when I joined the company in the fall of 2004 and I
am very proud to have shared this success with our outstanding employees, management team and Board
of Directors. We have expanded and refocused the company, building its competitive strengths while
maintaining financial discipline and improving our returns. We have established a strong culture
based on our Core Values of Integrity, Performance, Learning and Teamwork.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;I have tremendous respect for Martin&#146;s abilities and confidence in his leadership. As an
experienced operations executive, Martin has an exceptional background for the CEO role. He has
been with the company for over 25&nbsp;years, including management roles in both the United States and
other countries. He is one of the veterans of the company&#146;s management team who has effectively
mobilized our people and technology into a new geographic alignment as a leading global supplier of
oilfield services.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">H. John Riley, Lead Director of the company&#146;s Board of Directors, said that &#147;The entire board is
extremely appreciative of Chad Deaton&#146;s outstanding leadership and significant contributions to the
success of Baker Hughes over the past several years. He has implemented a strategy for growth and
improved performance that has reenergized and broadened the horizons for the company. We look
forward to Chad&#146;s active involvement in his new role as Executive Chairman.
</DIV>


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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Page 2</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Baker Hughes Incorporated News Release<BR>
<I>Baker Hughes Announces CEO Succession Plan</I>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;The Board joins me in congratulating Martin for earning the opportunity to lead Baker Hughes in
the future as the company continues its growth as a leader in our industry. Baker Hughes is
extremely well positioned for the future.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">
<B><I>Biographical Information</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Martin Craighead, 51, has been with the company since 1986 serving as President since 2010 and
Chief Operating Officer since 2009, Senior Vice President from 2009 to 2010, Group Vice President
of Drilling and Evaluation beginning in 2007, Vice President of the company from 2005 until 2009,
and in various officer positions with numerous Baker Hughes subsidiaries as well as leadership
roles in a wide variety of product lines both in the US and foreign countries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Forward Looking Statements</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This news release (and oral statements made regarding the subjects of this release), contain
forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act of 1933, as
amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended, (each a
&#147;forward&#151;looking statement&#148;). The words &#147;will,&#148; and similar expressions are intended to identify
forward&#151;looking statements. Our expectations with regard to succession matters are subject to
various factors and conditions. These forward-looking statements are also affected by the risk
factors described in the company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2010
and those set forth from time to time in other filings with the Securities and Exchange Commission
(&#147;SEC&#148;). The documents are available through the company&#146;s website at
<U>http://www.bakerhughes.com/investor</U> or through the SEC&#146;s Electronic Data Gathering and Analysis
Retrieval System (EDGAR)&nbsp;at <U>http://www.sec.gov</U>. We undertake no obligation to publicly update or
revise any forward&#151;looking statement.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Baker Hughes provides reservoir consulting, drilling, pressure pumping, formation evaluation,<BR>
completion and production products and services to the worldwide oil and gas industry.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">* * *
</DIV>



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