© 2011 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT TOGETHER WITH ALL INFORMATION INCLUDED THEREIN IS THE CONFIDENTIAL AND PROPRIETARY PROPERTY OF BAKER HUGHES INCORPORATED AND INCLUDES VALUABLE TRADE SECRETS AND/OR PROPRIETARY INFORMATION OF BAKER HUGHES (COLLECTIVELY "INFORMATION"). BAKER HUGHES RETAINS ALL RIGHTS UNDER COPYRIGHT LAWS AND TRADE SECRET LAWS OF THE UNITED STATES OF AMERICA AND OTHER COUNTRIES. THE RECIPIENT FURTHER AGREES THAT THE DOCUMENT MAY NOT BE DISTRIBUTED, TRANSMITTED, COPIED OR REPRODUCED IN WHOLE OR IN PART BY ANY MEANS, ELECTRONIC, MECHANICAL, OR OTHERWISE, WITHOUT THE EXPRESS PRIOR WRITTEN CONSENT OF BAKER HUGHES, AND MAY NOT BE USED DIRECTLY OR INDIRECTLY IN ANY WAY DETRIMENTAL TO BAKER HUGHES’ INTEREST. New Phase Technologies Specialty Polymers and Waxes to Meet your Needs PERFORMA V™ 6038 polymer March 2014

New Phase Technologies Baker Hughes Specialty Polymers –Multiple markets: Imaging, Coatings, Plastics –New Phase Technologies – Personal Care Technology leader in the development and production of olefin-based polymers and waxes –Headquarters, applications, R&D: Sugar Land, TX –Pilot plant and small scale production: Sand Springs, OK –Main manufacturing facility: Barnsdall, OK As a developer of technology, we work closely with customers to create value adding solutions © 2014 Baker Hughes Incorporated. All Rights Reserved. 2

New Phase Technologies Summary Manufacturer of low molecular weight synthetic polymers Manufactured via proprietary synthesis processes Based on various hydrocarbon monomers Specialty functionalized derivatives Able to customize specific chemical structures © 2014 Baker Hughes Incorporated. All Rights Reserved. 3

Technology Platforms Low molecular weight, linear polyethylene polymers, copolymers & functional derivatives –PERFORMALENE™ polyethylenes –PERFORMACOL™ alcohols –PERFORMATHOX™ ethoxylates –PERFORMACID™ acids Low molecular weight, hyper-branched polyalphaolefins –PERFORMA V™ polymers –Functional and non-Functional © 2014 Baker Hughes Incorporated. All Rights Reserved. 4

PERFORMA V™ 6038 polymer Hyper-Branched Polyalphaolefin 5 Where R = 2 to 30 INCI Name * (proposed) –Synthetic Wax High Gloss Non-tacky Emollient Film Former Colorless Melting Point ( ° C ) Color (Saybolt) Viscosity 25 ° C) Liquid*≥ © 2014 Baker Hughes Incorporated. All Rights Reserved. * Liquid at 77F (25C), solidifies at ~65F (~18C)

6 PERFORMA V 6038 Polymer Features FeatureBenefitApplications Hyperbranched Chain Film Forming Non-Tacky Emollient Colorless High Refractive Index Gloss in Anhydrous Systems Durability and Water Resistance Improves Hardness Depresses Pouring Temperature Binds Oils Pigment Grinding Aid Polybutene/Polyisobutene Alternative Lip Gloss High Gloss Lipsticks Mascara Lip Balms Foundations Concealers Hair Serums Ultra Clear Antiperspirants Roll-On Deodorant Depilatories Wet Wipes © 2014 Baker Hughes Incorporated. All Rights Reserved.

High Gloss Emollient with Excellent Aesthetics Cotton Ball Test –Used to screen emollients for tack –Compared vs. leading gloss benchmarks © 2014 Baker Hughes Incorporated. All Rights Reserved. 7 Polyisobutene Hydrogenated Polybutene PERFORMA V 6038 polymer

Comparative Gloss Performance © 2014 Baker Hughes Incorporated. All Rights Reserved. 8 *Applied to Lanetta Card, Gloss Measured using HunterLab Gloss Meter at 90°, Gloss in Isododecane measured after flash off.

Clear Lip Gloss Formulation ControlTest Lip Gloss Polyisobutene Diisostearyl Malate20.0 Tridecyl Trimellitate10.0 Pentaerythrityl Tetraisostearate10.0 PERFORMA V 6038 polymer/20.0 © 2014 Baker Hughes Incorporated. All Rights Reserved. 9 NPTSL046-31

Clear Lip Gloss Panel Study © 2014 Baker Hughes Incorporated. All Rights Reserved. 10

© 2014 Baker Hughes Incorporated. All Rights Reserved. 11 Panelist Prefer Lip Gloss with PERFORMA V 6038 Polymer

Lipstick Evaluation © 2014 Baker Hughes Incorporated. All Rights Reserved. 12

13 Compatibility in Common Cosmetic Oils 5% Polymer in Oil WaterMineral Oil Castor Oil PolydeceneOctyl Palmitate Diisopropyl Adipate IsododecaneCyclo- methicone DimethiconePhenyl- Trimethicone NCSCSSSCS C © 2014 Baker Hughes Incorporated. All Rights Reserved.

Regulatory Status Status as of February 19, 2014 United States (TSCA): Cosmetic ingredients are exempt under TSCA Europe (REACH): All components are pre-registered for REACH. Canada, Australia, China, Japan, Korea, Philippines & Taiwan: All components are listed or exempted Malaysia Inventory (EHS Register): Not determined. New Zealand Inventory of Chemicals (NZIoC): Not determined. MSDS contains the most up to date information for the countries listed above as well as other countries © 2014 Baker Hughes Incorporated. All Rights Reserved. 14

Product Form and Availability Information © 2014 Baker Hughes Incorporated. All Rights Reserved. 15 Product specifics Pilot Production Currently – Commercial Plan in Place Well Known Technology Product form: Liquid Packaging: 35 lb. Pail Sample information Standard sample size is 0.5 lb. 600 lb. Initial Pilot Inventory Scalable to larger quantities