Weatherford International Ltd./Switzerland Watch

from 10-Q 3 pages This Letter Outlines the Benefits You Will Be Provided in Connection With Your Separation of Service From Weatherford International Ltd. and Its Subsidiaries (“Weatherford”), Effective at the Close of Business on February 28, 2014 (The “Separation Date”). the Benefits Outlined Below Constitute Full, Complete and Final Settlement of All Amounts Owed to You (I) Under Section 5 of Your Amended and Restated Employment Agreement With Weatherford, Dated April 10, 2010, Amended on March 30, 2012 (Your “Employment Agreement”), (II) Various Award Agreements Covering as Yet Unvested Equity Awards Granted to You (“Awards”), and (III) Under Any Other Employment Related Documents in Effect With Weatherford, Including, but Not Limited To, the Employment Agreement Dated April 1, 2012 (The “Swiss Employment Agreement”). for Purposes of Your Employment Agreement and Awards, and as Agreed by You and Weatherford, the Termination of Your Employment Relationship Is Effective as of the Separation Date

from 425 2 pages First Amendment to the Weatherford International, Inc. Executive Deferred Compensation Stock Ownership Plan

from 8-K 2 pages First Amendment to the Weatherford International, Inc. Executive Deferred Compensation Stock Ownership Plan

from 8-K 8 pages Weatherford International Ltd. Performance Unit Award Agreement

from 8-K 8 pages Weatherford International Ltd. (Switzerland) Executive Non-Equity Incentive Compensation Plan

from 10-K 3 pages Regarding Your Separation From Service From Weatherford International Ltd. and Its Subsidiaries (“Weatherford”), Which Will Become Effective at the Close of Business on September 11, 2013 (The “Separation Date”), and in Full, Complete and Final Settlement of All Amounts Owed by Weatherford to You Under Section 5 of Your Employment Agreement With Weatherford, Dated March 23, 2011, (Your “Employment Agreement”), and Various Award Agreements Covering as Yet Unvested Equity Awards Granted to You (“Awards”), Weatherford Will Provide You the Benefits Outlined in This Letter

from 10-K 4 pages Peter Fontana via Email to PETER.FONTANA@WEATHERFORD.com

from 8-K 6 pages Weatherford International Ltd. Restricted Share Award Agreement

from 8-K 10 pages Executive Employment Agreement

from 10-Q 16 pages Executive Employment Agreement

from 8-K 16 pages Executive Employment Agreement

from 8-K 1 page Inducement Agreement

from 8-K 1 page Addendum to Certain Equity Award Agreements for Purposes of This Agreement, a Voluntary Termination of Employment by the Holder Shall Be Deemed to Be Retirement If, but Only If, All of the Following Conditions Are Satisfied as of the Effective Date of Termination of Employment: (A) a Minimum of Two Years Have Elapsed From the Date of Grant of the Awards Covered by This Agreement; (B) Holder Is 65 Years of Age or Older; (C) Holder Has Completed Five or More Years of Service With the Company or Its Affiliates; (D) the Company’s Chief Executive Officer Has Approved the Retirement in Writing (Which Approval the CEO May Grant, Withhold or Condition in His Discretion); And

from 8-K 1 page Weatherford International Ltd. Executive Compensation “Clawback” Policy

from 8-K 2 pages Annex A—performance Goal

from 8-K 1 page Weatherford International Ltd. Executive Non-Equity Incentive Compensation Plan

from 8-K 7 pages Weatherford International Ltd. Restricted Share Unit Award Agreement

from 8-K 9 pages Weatherford International Ltd. Restricted Share Unit Award Agreement — Uk

from 8-K 7 pages Weatherford International Ltd. Restricted Share Unit Award Agreement

from 8-K 8 pages Weatherford International Ltd. Performance Unit Award Agreement