Exhibit 10.1

FIRST AMENDMENT
TO THE
WEATHERFORD INTERNATIONAL, INC.
EXECUTIVE DEFERRED COMPENSATION STOCK OWNERSHIP PLAN

This First Amendment (this “Amendment”) to the Weatherford International, Inc.
Executive Deferred Compensation Stock Ownership Plan (the “Plan”), effective as
of the Approval Date (defined below), is adopted by Weatherford International,
LLC, a Delaware limited liability company (formerly known as Weatherford
International, Inc.)(the “Company”). Any capitalized term not otherwise defined
herein shall have the meaning given to such term under the Plan.

RECITALS

WHEREAS, Section 9.1 of the Plan allows the Board of Directors of the Company to
amend the Plan;

WHEREAS, as a limited liability company, the Company is managed by its sole
member, Weatherford U.S. Holdings, L.L.C. (the “Sole Member”) in lieu of a board
of directors;
WHEREAS, the Sole Member of the Company now desires to amend the Plan as set
forth herein to allow (i) benefits under the Plan to be settled in cash; and
(ii) the Committee to make equitable adjustments to Participant’s Accounts upon
the occurrence of certain corporate events;
WHEREAS, the Board of Directors of Weatherford International Ltd., a Swiss
joint-stock corporation and ultimate parent of the Company (the “Parent”), has
approved the calling of a meeting of the shareholders of the Parent (the
“Shareholders”) to be held on or about June 16, 2014 (the “Special Meeting”), to
vote upon the adoption of a merger agreement with its subsidiary, Weatherford
International Limited, and Irish company (the “Merger Agreement”); and
WHEREAS, if the Merger Agreement is adopted at the Special Meeting, the Company
desires this Amendment to be effective immediately following the Special Meeting
(such date of approval, the “Approval Date”).
NOW, THEREFORE, the Plan is hereby amended, effective as of the Approval Date,
as follows:

1.
By revising the name of the Plan in its entirety to read as follows:

“Weatherford International, LLC Executive Deferred Compensation Stock Ownership
Plan”;

2.
By adding the following new language immediately preceding Section 1.1:

"Any reference in this Plan to Weatherford International, Inc. shall be replaced
with Weatherford International, LLC (formerly Weatherford International, Inc.)";
 
3.
By amending and restating Section 1.5 as follows:

“1.5 ‘Board of Directors’ means the Board of Directors, sole member, managing
member, manager, or other governing body, as applicable, of the Sponsor.”

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4.
By deleting Section 1.9, adding the following new definition, renumbering the
definitions in Section 1, and replacing all Plan references to "Common Shares"
with "Shares" and any cross-references to the Article I definition section
numbers accordingly:

" 'Shares' means the ordinary or the registered shares of the Parent, as
required by the context.";

5.
By adding the following new Section 4.7:

“4.7 Adjustment for Certain Corporate Events: In the event of any change in the
outstanding Shares by reason of any share dividend or split, reverse split,
recapitalization, reorganization, reincorporation, redomestication, merger,
amalgamation, consolidation, plan or scheme of arrangement, exchange offer,
business combination or similar transaction of the Company, or exchange of
Shares or other corporate exchange, or any distribution to shareholders of
Shares (whether in the form of cash, Shares, other securities, or other
property), or any transaction similar to the foregoing then the Committee shall
make such substitution or adjustment to a Participant's Account and the amounts
credited thereunder, if any, as it deems to be equitable or appropriate in its
sole discretion and without liability to any Person.”
 
6.
By adding the following new Section 6.9:

“6.9 Form of Distribution. Notwithstanding anything to the contrary hereunder,
for purposes of all distributions described under the Plan, the Committee may in
its sole discretion make a distribution either in cash or Shares.”

7.
In all other respects the Plan remains unchanged.

*****

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its
behalf as set for below on April 2, 2014, effective as of the Approval Date. For
the avoidance of doubt, this Amendment shall be void and of no force or effect
on the earliest to occur of (a) the failure of the Shareholders to adopt the
Merger Agreement at the Special Meeting and (b) December 31, 2014, if the
Special Meeting is not held by such date.

                        

            
WEATHERFORD INTERNATIONAL, LLC

By: WEATHERFORD U.S. HOLDINGS, L.L.C.,
as Sole Member
                        

            
By: __/s/ Alejandro Cestero________
Name: Alejandro Cestero
Title: Vice President