Common use of No Entitlement or Claims for Compensation Clause in Contracts

No Entitlement or Claims for Compensation. By accepting the grant, the Participant consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan document. The Participant understands that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Deferred Units under the Plan to individuals who may be employees throughout the world. The decision is limited and entered into based upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Affiliate, on an ongoing basis, other than as expressly set forth in this Award Agreement. Consequently, the Participant understands that the grant is given on the assumption and condition that the Deferred Units or underlying Common Shares acquired upon vesting shall not become part of any employment or other service contract (whether with the Company or any Affiliate) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, the Participant understands that this grant would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Deferred Units shall be null and void. Further, the vesting of the Deferred Units is expressly conditioned on the Participant’s continued and active rendering of service, such that if the Participant’s Employment terminates the Deferred Units cease vesting immediately effective on the date of the Participant’s termination of Employment, unless otherwise provided in this Award Agreement. This will be the case if the Participant’s Employment terminates for any reason including, but not limited to, resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente”), individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, and/or Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer and under Article 10.3 of the Royal Decree 1382/1985. Notifications

No Entitlement or Claims for Compensation. By accepting the grant, the Participant consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan document. The Participant understands that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Deferred Units under the Plan to individuals who may be employees throughout the world. The decision is limited and entered into based upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Affiliate, on an ongoing basis, other than as expressly set forth in this Award Agreement. Consequently, the Participant understands that the grant is given on the assumption and condition that the Deferred Units or underlying Common Shares Blackstone Holdings Partnership Units acquired upon vesting shall not become part of any employment or other service contract (whether with the Company or any Affiliate) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, the Participant understands that this grant would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Deferred Units shall be null and void. Further, the vesting of the Deferred Units is expressly conditioned on the Participant’s continued and active rendering of service, such that if the Participant’s Employment terminates the Deferred Units cease vesting immediately effective on the date of the Participant’s termination of Employment, unless otherwise provided in this Award Agreement. This will be the case if the Participant’s Employment terminates for any reason including, but not limited to, resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente”), individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, and/or Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer and under Article 10.3 of the Royal Decree 1382/1985. Notifications

No Entitlement or Claims for Compensation. By accepting the grant, the Participant consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan document. The Participant understands that the Company Partnership has unilaterally, gratuitously and in its sole discretion decided to grant Deferred Units under the Plan to individuals who may be employees throughout the world. The decision is limited and entered into based upon the express assumption and condition that any grant will not economically or otherwise bind the Company Partnership or any Affiliate, on an ongoing basis, other than as expressly set forth in this Award Agreement. Consequently, the Participant understands that the grant is given on the assumption and condition that the Deferred Units or underlying Common Shares Blackstone Holdings Partnership Units acquired upon vesting shall not become part of any employment or other service contract (whether with the Company Partnership or any Affiliate) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, the Participant understands that this grant would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Deferred Units shall be null and void. Further, the vesting of the Deferred Units is expressly conditioned on the Participant’s continued and active rendering of service, such that if the Participant’s Employment terminates the Deferred Units cease vesting immediately effective on the date of the Participant’s termination of Employment, unless otherwise provided in this Award Agreement. This will be the case if the Participant’s Employment terminates for any reason including, but not limited to, resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente”), individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, and/or Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer and under Article 10.3 of the Royal Decree 1382/1985. Notifications

No Entitlement or Claims for Compensation. By In accepting the grantgrant of this Option, you acknowledge the following: • The Plan is established voluntarily by the Company, the Participant consents to participation in the Plan and acknowledges that he or she has received a copy grant of the Plan document. The Participant understands that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Deferred Units options under the Plan to individuals who is made at the discretion of the Committee and the Plan may be employees throughout modified, amended, suspended or terminated by the worldCompany at any time. • The decision grant of this Option is limited voluntary and entered into based occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past. • All decisions with respect to future option grants, if any, will be at the sole discretion of the Committee. • You are voluntarily participating in the Plan. • This Option and any Shares purchased upon the express assumption and condition exercise of this Option are extraordinary items that do not constitute compensation of any grant will not economically or otherwise bind kind for services of any kind rendered to the Company or any AffiliateSubsidiary (including, on as applicable, your employer) and which are outside the scope of an ongoing basis, other than as expressly set forth in this Award Agreement. Consequently, the Participant understands that the grant is given on the assumption employment agreement between you and condition that the Deferred Units or underlying Common Shares acquired upon vesting shall not become part of any employment or other service contract (whether with the Company or one of its Subsidiaries to the extent applicable. • This Option and any Affiliate) Shares purchased upon exercise of this Option and shall their value are not to be considered a mandatory benefit, part of your normal or expected compensation or salary for any purpose (including severance compensation) or any other right whatsoever. Furthermorepurpose, the Participant understands that this grant would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Deferred Units shall be null and void. Further, the vesting of the Deferred Units is expressly conditioned on the Participant’s continued and active rendering of service, such that if the Participant’s Employment terminates the Deferred Units cease vesting immediately effective on the date of the Participant’s termination of Employment, unless otherwise provided in this Award Agreement. This will be the case if the Participant’s Employment terminates for any reason including, but not limited to, calculating any severance, resignation, disciplinary dismissal adjudged termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. • This Option and the Shares purchased upon exercise of this Option are not intended to replace any pension rights or compensation. • In the event that your employer is not the Company, the grant of this Option will not be interpreted to form an employment or service agreement with causethe Company and, disciplinary dismissal adjudged furthermore, the grant of this Option will not be interpreted to form an employment or recognized service agreement with your employer or any Subsidiary of the Company and shall not interfere with the ability of the Company, the employer or any Subsidiary of the Company, as applicable, to terminate your employment or service relationship (if any). • The future value of the Shares underlying the Option is unknown and cannot be without cause (i.e.predicted with certainty. If the Shares underlying the Option do not increase in value, the Option will have no value. If you exercise your Option and obtain Shares subject to the Option, the value of those Shares obtained upon exercise may increase or decrease in value, even below the Exercise Price. • You acknowledge and agree that none of the Company or any of its Subsidiaries shall be liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the Option or of any amounts due to you pursuant to the exercise of the Option or the subsequent sale of any Shares purchased upon exercise. • You shall have no rights, claim or entitlement to compensation or damages as a result of your termination of service as an employee of the Company or any Subsidiary for any reason whatsoever, whether or not in breach of contract or local labor law, insofar as these rights, claim or entitlement arise or may arise from your ceasing to have rights under or be entitled to exercise this Option as a result of such termination or loss or diminution in value of the Option or any of the Shares purchased through exercise of the Option as a result of such termination, and you irrevocably release the Company and its Subsidiaries, as applicable, from any such rights, entitlement or claim that may arise. If, notwithstanding the foregoing, any such right or claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, you shall be deemed to have irrevocably waived your entitlement to pursue such rights or claim. Data Privacy You hereby explicitly and unambiguously consent to the collection, use, disclosure and transfer, in electronic or other form, of your personal data as described in this Agreement by and among, as applicable, your employer, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing your participation in the Plan. You understand that your employer, the Company and its Subsidiaries, as applicable, hold certain personal information about you regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, including, but not limited to, your name, home address, telephone number and e-mail address, date of birth, social insurance number or other identification number, salary, nationality, job title, any equity or directorships held in the Company and its Subsidiaries, details of all options or any other entitlement to equity awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (the “despido improcedenteData”). You understand that the Data may be transferred to the Company, individual its Subsidiaries and any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country, or collective dismissal elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your human resources representative. You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party. You understand that the Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on objective groundsthe consequences of your refusal to consent or withdrawal of consent, whether adjudged you understand that you may contact your human resources representative. Electronic Communications You agree to contract electronically regarding your participation in the Plan and to the receipt of electronic notifications, documents, payments or recognized other communications from the Company in connection with the Plan, to the normal electronic mail address used by you for the purposes of your employment or such other address as may be from time to time notified for that purpose by you to the Company. Severability All the terms and provisions of this Agreement are distinct and severable, and if any term or provision is held unenforceable, illegal or void in whole or in part by any court, regulatory authority or other competent authority it shall to that extent be deemed not to form part of this Agreement, and the enforceability, legality and validity of the remainder of this Agreement will not be affected; if any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted, the provision shall apply with whatever modification is necessary to make it valid, enforceable and legal. Applicable Law This Agreement will be interpreted and enforced under the laws of Ireland. The Plan and Other Agreements The text of the Plan and any amendments thereto are incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding between you and the Company regarding this Option. Any prior agreements, commitments or without causenegotiations concerning this Option are superseded. By signing the cover sheet of this Agreement, material modification you agree to all of the terms of employment under Article 41 and conditions described above and in the Plan and evidence your acceptance of the Workers’ Statute, relocation under Article 40 powers of the Workers’ Statute, and/or Article 50 Committee of the Workers’ Statute, unilateral withdrawal by the Employer and under Article 10.3 Board of Directors of the Royal Decree 1382/1985. NotificationsCompany that administers the Plan.

No Entitlement or Claims for Compensation. By In accepting the grantgrant of this Option, you acknowledge the following: • The Plan is established voluntarily by the Company, the Participant consents to participation in the Plan and acknowledges that he or she has received a copy grant of the Plan document. The Participant understands that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Deferred Units options under the Plan to individuals who is made at the discretion of the Committee and the Plan may be employees throughout modified, amended, suspended or terminated by the worldCompany at any time. • The decision grant of this Option is limited voluntary and entered into based occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past. • All decisions with respect to future option grants, if any, will be at the sole discretion of the Committee. • You are voluntarily participating in the Plan. • This Option and any Shares purchased upon the express assumption and condition exercise of this Option are extraordinary items that do not constitute compensation of any grant will not economically or otherwise bind kind for services of any kind rendered to the Company or any AffiliateSubsidiary (including, on as applicable, your employer) and which are outside the scope of an ongoing basis, other than as expressly set forth in this Award Agreement. Consequently, the Participant understands that the grant is given on the assumption employment agreement between you and condition that the Deferred Units or underlying Common Shares acquired upon vesting shall not become part of any employment or other service contract (whether with the Company or one of its Subsidiaries to the extent applicable. • This Option and any Affiliate) Shares purchased upon exercise of this Option and shall their value are not to be considered a mandatory benefit, part of your normal or expected compensation or salary for any purpose (including severance compensation) or any other right whatsoever. Furthermorepurpose, the Participant understands that this grant would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Deferred Units shall be null and void. Further, the vesting of the Deferred Units is expressly conditioned on the Participant’s continued and active rendering of service, such that if the Participant’s Employment terminates the Deferred Units cease vesting immediately effective on the date of the Participant’s termination of Employment, unless otherwise provided in this Award Agreement. This will be the case if the Participant’s Employment terminates for any reason including, but not limited to, calculating any severance, resignation, disciplinary dismissal adjudged termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. • This Option and the Shares purchased upon exercise of this Option are not intended to replace any pension rights or compensation. • In the event that your employer is not the Company, the grant of this Option will not be interpreted to form an employment or service agreement with causethe Company and, disciplinary dismissal adjudged furthermore, the grant of this Option will not be interpreted to form an employment or recognized service agreement with your employer or any Subsidiary of the Company and shall not interfere with the ability of the Company, the employer or any Subsidiary of the Company, as applicable, to terminate your employment or service relationship (if any). • The future value of the Shares underlying the Option is unknown and cannot be without cause (i.e.predicted with certainty. If the Shares underlying the Option do not increase in value, the Option will have no value. If you exercise your Option and obtain Shares subject to the Option, the value of those Shares obtained upon exercise may increase or decrease in value, even below the Exercise Price. • You acknowledge and agree that none of the Company or any of its Subsidiaries shall be liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the Option or of any amounts due to you pursuant to the exercise of the Option or the subsequent sale of any Shares purchased upon exercise. • You shall have no rights, claim or entitlement to compensation or damages as a result of your termination of service as an employee of the Company or any Subsidiary for any reason whatsoever, whether or not in breach of contract or local labor law, insofar as these rights, claim or entitlement arise or may arise from your ceasing to have rights under or be entitled to exercise this Option as a result of such termination or loss or diminution in value of the Option or any of the Shares purchased through exercise of the Option as a result of such termination, and you irrevocably release the Company and its Subsidiaries, as applicable, from any such rights, entitlement or claim that may arise. If, notwithstanding the foregoing, any such right or claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, you shall be deemed to have irrevocably waived your entitlement to pursue such rights or claim. Data Privacy You hereby explicitly and unambiguously consent to the collection, use, disclosure and transfer, in electronic or other form, of your personal data as described in this Agreement by and among, as applicable, your employer, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing your participation in the Plan. You understand that your employer, the Company and its Subsidiaries, as applicable, hold certain personal information about you regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, including, but not limited to, your name, home address, telephone number and e-mail address, date of birth, social insurance number or other identification number, salary, nationality, job title, any equity or directorships held in the Company and its Subsidiaries, details of all options or any other entitlement to equity awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (the “despido improcedenteData”). You understand that the Data may be transferred to the Company, individual or collective dismissal on objective groundsits Subsidiaries and any third parties assisting in the implementation, whether adjudged or recognized to be with or without cause, material modification administration and management of the terms Plan, that these recipients may be located in your country, or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of employment under Article 41 any potential recipients of the Workers’ StatuteData by contacting your human resources representative. You authorize the recipients to receive, relocation under Article 40 possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party. You understand that the Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Workers’ StatuteData, and/or Article 50 require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of the Workers’ Statuteyour refusal to consent or withdrawal of consent, unilateral withdrawal by the Employer and under Article 10.3 of the Royal Decree 1382/1985. Notificationsyou understand that you may contact your human resources representative.