BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED

Rent deposit deed

Created on 26 Jul 2005

Delivered on 29 Jul 2005

Status outstanding

Persons Entitled

Abb Limited

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge

Short Particulars

The deposit (being initially £75,500), all sums and the company's interest in the account. See the mortgage charge document for full details.

Transactions

Rent deposit deed

Created on 26 Jul 2005

Delivered on 29 Jul 2005

Status outstanding

Persons Entitled

Abb Limited

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge

Short Particulars

The deposit (being initially £94,000), all sums and the interest in the account. See the mortgage charge document for full details.

Transactions

A standard security which was presented for registration in scotland on 23 september 2004 and

Created on 10 Sep 2004

Delivered on 01 Oct 2004

Status fully-satisfied

Persons Entitled

J.P.Morgan Europe Limited (As Security Agent and Trustee for Itself and the Other Financeparties)

Amount Secured

All monies due or to become due from the company to any finance party under the terms of the aforementioned instrument creating or evidencing the charge

Short Particulars

The subjects lying on the east side of broadfold road,bridge of don industrial estate aberdeen and subjects lying on the west side of broadfold road,bridge of don industrial estate aberdeen including all buildings,erections,fixtures and fittings and fixed plant machinery,benefit of all leases,underleases,tenancies,agreements,rights,burdens and conditions.

Transactions

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Debenture

Created on 12 Jul 2004

Delivered on 24 Jul 2004

Status fully-satisfied

Persons Entitled

J.P. Morgan Europe Limited as Security Agent and Trustee for Itself and the Other Financeparties

Amount Secured

All monies due or to become due from the chargors to any finance party under the terms of the aforementioned instrument creating or evidencing the charge

Short Particulars

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

Transactions

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Standard security which was presented for registration in scotland on 16 july 2004 and

Created on 09 Jul 2004

Delivered on 24 Jul 2004

Status fully-satisfied

Persons Entitled

J.P. Morgan Europe Limited (As Security Agent and Trustee for Itself and the Other Financeparties)

Amount Secured

All monies due or to become due from the company to any finance party on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge

Short Particulars

First all and whole that area or piece of ground at charleton road, montrose in the county of angus extending to six acres and thirty decimal or one hundredth parts of an acre or thereby and second all and whole that plot or area of ground extending to one acre and eight decimal or one hundredth parts of an acre or thereby lying to the east of charleton road, montrose (for further details of property charged, including exceptions to the property mentioned above please refer to form 395). see the mortgage charge document for full details.

Transactions

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Standard security presented for registration in scotland

Created on 28 Mar 1991

Delivered on 10 Apr 1991

Status fully-satisfied

Persons Entitled

The Royal Bank of Scotland PLC

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the charge

Short Particulars

Plot of ground lying in the district of clydesdale in the county of lanark extending to 2.33 lectares or thereby. (See form 395 for full details).

Transactions

Debenture

Created on 29 Jan 1991

Delivered on 15 Feb 1991

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent and Trustee for the Banks (As Defined

Amount Secured

All monies due or to become due from the company to the chargee under or pursuant to the credit obligations, the collection agreement, the scottish trust deed (all as defined) and this charge.

Short Particulars

Stocks, shares and other securities. (For details see form 395 and continuation sheets relevant to this charge).. Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

Transactions

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Assignations

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders

Amount Secured

All monies due or to become due from the company to the chargee on any account whatsoever

Short Particulars

(A) by way of assignation, the borowers whoel right, title and interest in and to the scottish receivables. (B) by way of declaration of trust, the borrowers whole right, title and interest inand to the scottish receivable. (For detail see form 395 relevant to this charge).

Transactions

Deed of transfer

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders.

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement and the promissory notes.

Short Particulars

All right title and interest of c-e vitco with regard to the equipment, inventory, raw materials, materials being processed and finished materials of c-e vetco (for details see form 395 relevant to this charge).

Transactions

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Deed of assignment

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders.

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement and the promissory notes

Short Particulars

(1) all right, title and interest of c-e vetco in connection with the existing claims of c-e vetco agin st the existing debtors of c-e vetco (2) allright title and interest of c-e vetco against the debtors of c-e vetco that will arise or originate after the date of the deed of assignment.

Transactions

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Standard security presented for reigstration in scotland on 15TH december 1986.

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement and promissory notes

Short Particulars

Two acres of ground at charlton road, mountrose in the county of angus extending to 6.30 acres and 1.88 acres respectively under exception of an area extending to 4,207.4 square yards bounded on the north west by charleton road, mortrose, aforesaid.

Transactions

Standard security presented for registration in scotland on 15TH december 1986

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself Nad Several Other Lenders

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement and promissory notes

Short Particulars

Tenants interest ina lease granted by mount leigh group public limited company in favour of hughes tool company limited of 1O albyn terrace, aberdeen.

Transactions

Standard security presented for registration in scotland on 15TH december 1986.

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement and promissory notes

Short Particulars

Tenants interest in a lease granted by the grampian regional council in favour of combustion engineering limited of 3.2 acres at kirkhill industrial estate, dyce, aberdeen.

Transactions

Standard security presented for registration in scotland on 15TH december 1986.

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement and promissory notes

Short Particulars

9-22 acres at bridge of don industrial estate, aberdeen beting that area of ground bounded on the west of broadfold road, aberdeen along which it extends 859 feet or thereby.

Transactions

Standard security presented for registration in scotland on 15TH dec 1986

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A.as Agent for Itself and Several Other Lenders.

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the UK credit agreement dand promising notes

Short Particulars

Tenants interest in a lease granted by the grampian regional council in favour of vetco offshore limited of 2.18 acres at bridge of don industrial estate, aberdeen.

Transactions

Charge

Created on 15 Dec 1986

Delivered on 29 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank N.A. and Others

Amount Secured

12,000,000 dutchguilders

Short Particulars

Veasweg 7, klundert moerdijk, the netherlands, cadastral known as municipality klundert section c, number 1427.

Transactions

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Credit agreement

Created on 15 Dec 1986

Delivered on 17 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank, N.A.

Amount Secured

All monies due or to become due from the company to the chargee under the terms of the credit agreement dated 10.11.86

Short Particulars

Any and all deposits at any time held and other indebtness at any time owing by any bank to or from the credit or account of the company.

Transactions

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Debenture

Created on 15 Dec 1986

Delivered on 16 Dec 1986

Status fully-satisfied

Persons Entitled

Citibank, N.A.

Amount Secured

All monies due or to become due from the company to the chargee as agent for itself and several other lenders

Short Particulars

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

Transactions

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