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”).

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”).

AMENDMENT TO STOCK OPTION AGREEMENTS
Stock Option Agreement • 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, INC. FOREIGN EXECUTIVE DEFERRED COMPENSATION STOCK PLAN (As Amended and Restated Effective December 31, 2008)
Foreign Executive Deferred Compensation Stock Plan • December 31st, 2008 • Weatherford International LTD • 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.

WEATHERFORD INTERNATIONAL, INC. EXECUTIVE DEFERRED COMPENSATION STOCK OWNERSHIP PLAN (As Amended and Restated Effective December 31, 2008)
Executive Deferred Compensation Stock Ownership Plan • December 31st, 2008 • Weatherford International LTD • Drilling oil & gas wells • Texas

obligations under the Plan, the maintenance of the Plan and the rabbi trust shall not create any lien, claim, encumbrance, right, title or other interest of any kind in any Participant in any asset held by the Company or the Parent, contributed to any trust created, or otherwise be designated to be used for payment of any of its obligations created in this agreement. No specific assets of the Company or the Parent have been or will be set aside, or will be transferred to the trust or will be pledged for the performance of the Company’s and the Parent’s obligations under the Plan which would remove those assets from being subject to the general creditors and judgment creditors of the Company or the Parent.

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