0000950129-08-006225 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • December 31st, 2008 • Weatherford International LTD • Drilling oil & gas wells • Texas

This Employment Agreement (this “Agreement”) is entered into as of January 1, 2009 (the “Effective Date”), by and between Weatherford International, Inc., a Delaware corporation (the “Company”), and Jessica Abarca (the “Executive”).

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AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • December 31st, 2008 • Weatherford International LTD • Drilling oil & gas wells • Texas

This Amended and Restated Employment Agreement (this “Agreement”) is entered into as of December 31, 2008, by and between Weatherford International Ltd., a Bermuda exempted company (the “Company”), and Jessica Abarca (the “Executive”).

WEATHERFORD INTERNATIONAL, INC. FOREIGN EXECUTIVE DEFERRED COMPENSATION STOCK PLAN (As Amended and Restated Effective December 31, 2008)
Weatherford International LTD • December 31st, 2008 • Drilling oil & gas wells • Texas

assignment, pledge, encumbrance or charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge the same shall be void. No right or benefit under the Plan shall in any manner be liable for or subject to any debts, contracts, liabilities or torts of the person entitled to such benefits. If any Participant or any Beneficiary becomes bankrupt or attempts to anticipate, alienate, sell, assign, pledge, encumber or charge any right or benefit under the Plan, that right or benefit shall, in the discretion of the Committee, cease. In that event, the Committee may have the Company hold or apply the right or benefit or any part of it to the benefit of the Participant or Beneficiary, his or her spouse, children or other dependents or any of them in any manner and in any proportion the Committee believes to be proper in its sole and absolute discretion, but is not required to do so.

AMENDMENT TO STOCK OPTION AGREEMENTS
Stock Option Agreements • December 31st, 2008 • Weatherford International LTD • Drilling oil & gas wells

WHEREAS, on September 8, 1998, July 5, 2000, and September 26, 2001, the Company entered into stock option agreements (collectively, the “Agreements”) with certain directors;

WEATHERFORD INTERNATIONAL LTD. 2006 OMNIBUS INCENTIVE PLAN As Amended on December 31, 2008
Weatherford International LTD • December 31st, 2008 • Drilling oil & gas wells • Texas
AMENDMENT TO WEATHERFORD INTERNATIONAL, INC. 1998 EMPLOYEE STOCK OPTION PLAN
1998 Employee Stock Option Plan • December 31st, 2008 • Weatherford International LTD • Drilling oil & gas wells

WHEREAS, the Company has determined to amend the Plan to bring the Plan into documentary compliance with section 409A of the Internal Revenue Code of 1986, as amended;

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