0000950129-05-009031 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • September 7th, 2005 • Weatherford International LTD • Drilling oil & gas wells • Texas

This Employment Agreement (this “Agreement”) is entered into as of September 1, 2005 (the “Effective Date”), by and between Weatherford International Ltd., a Bermuda exempted company (the “Company”), and Ian E. Kelly (the “Executive”).

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REGISTRATION RIGHTS, STANDSTILL AND VOTING AGREEMENT
Registration Rights, Standstill and Voting Agreement • September 7th, 2005 • Weatherford International LTD • Drilling oil & gas wells • New York

This REGISTRATION RIGHTS, STANDSTILL AND VOTING AGREEMENT (this “Agreement”), dated as of August 31, 2005, is by and between Precision Drilling Corporation, an Alberta corporation (“Precision”) and Weatherford International Ltd., a Bermuda exempted company (“Weatherford”). Certain capitalized terms used herein are defined in Section 7 below. Capitalized terms not otherwise defined herein have the meaning ascribed to them in the Stock Purchase Agreement (as hereinafter defined).

AGREEMENT
Stock Purchase Agreement • September 7th, 2005 • Weatherford International LTD • Drilling oil & gas wells • Alberta

This AGREEMENT (this “Agreement”), dated as of August 31, 2005, is by and between PRECISION DRILLING CORPORATION, an Alberta corporation (“Seller”), and WEATHERFORD INTERNATIONAL LTD., a Bermuda exempted company (“Purchaser”).

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