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CONTRACTING EMPLOYEE AGREEMENT

                       This Contracting Employee Agreement, dated as of May 11, 2020 (as amended, supplemented,
               waived or otherwise modified from time to time in accordance with its terms, the “Agreement”), is by and
               among Blackstone Administrative Services Partnership L.P. (“BASP” and, together with The Blackstone
               Group Inc. and its affiliates, “Blackstone”) and the undersigned (“Contracting Employee”).

                       1.     Title; Reporting; Key Responsibilities.

                       (a)    Contracting Employee will be engaged as a Contracting Employee of Blackstone.  For as
               long as he or she is a Contracting Employee, the business of Blackstone will be Contracting Employee’s
               sole occupation, and Contracting Employee agrees to devote substantially all of Contracting Employee’s
               business, time, skill, energies and attention to Blackstone in a diligent manner.

                       (b)    Contracting  Employee will report to such individual or individuals as directed by
               Blackstone.

                       (c)    Contracting Employee’s key responsibilities will be determined by Blackstone.

                       2.     Compensation and Benefits.


                       (a)    Contracting Employee will be paid such compensation and benefits as may be determined
               by Blackstone from time to time.  Contracting Employee understands and agrees that (a) the amounts and
               types of Contracting Employee’s compensation remains at all times subject  to the sole discretion of
               Blackstone and is subject to change  at any time; and (b) Blackstone  may alter, amend, modify,
               discontinue or supplement any and all benefits, policies and programs at any time in its sole discretion.

                       (b)    During his or her employment at Blackstone (in any capacity) and until the expiration of
               all transfer restrictions applicable to any limited partner interests or units Contracting Employee may hold
               of Blackstone Holdings (as defined in the Contracting Employee Confidentiality and/or Non-Competition
               and Non-Solicitation Agreement, attached hereto as Schedule A (the “Restrictive Covenant Agreement”)
               or shares of common stock Contracting Employee may hold of The Blackstone Group Inc. (collectively
               the “Equity Interests”), Contracting Employee agrees (on behalf of himself or herself and any and all
               estate planning vehicles, partnerships or other legal entities controlled by or affiliated with Contracting
               Employee (“Affiliated Vehicles”)) that all Equity Interests held by Contracting Employee and all such
               Affiliated Vehicles will only be held in an account at Blackstone’s equity plan administrator or otherwise
               administered by such administrator.

                       3.     Governing Agreements; Restrictive Covenants; Indemnification; Cooperation.

                       (a)    Contracting Employee acknowledges and agrees that Contracting Employee is subject to
               all applicable provisions of Blackstone’s compliance policies and procedures, including, without
               limitation, the  Global Compliance Policies Manual and any relevant regional or business group
               supplements  or written supervisory procedures (as applicable); Anti-Money Laundering Policy and its
               relevant regional supplements (as applicable); Employee Handbook (which includes the Employee
               Handbook Acknowledgement Form); Code of Ethics and any relevant business group supplements (as
               applicable); Investment Advisers Compliance Policies and Procedures and any related supplements; the
               Acceptable Use Policy for internet resources in Contracting Employee’s region; and the Bring Your Own
               Device Program.
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