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Agreement by the Contracting Employee (although it does include any confidential information received
               directly or indirectly by Blackstone from any clients or any third party), but, for clarity, includes any
               proprietary aggregated or derivative information, algorithms, models, indexes or similar items based upon
               or including same.  Without limiting the foregoing, Confidential Information includes any information,
               whether public or not, which (1) represents, or is aggregated in such a way as to represent, or purport to
               represent, all or any portion of the investment results of, or any other information about the investment
               “track record” of, (a) Blackstone, (b) a business group of Blackstone, (c) one or more funds managed by
               Blackstone, or (d) any individual or group of individuals during their time at Blackstone, or (2) describes
               an individual’s role in achieving or contributing to any such investment results.

                      C.      Nothing in  this Agreement shall prohibit or impede Contracting Employee from  (1)
               communicating, cooperating or filing a complaint on possible violations of federal, state or local law or
               regulation to or with any governmental agency or regulatory authority (collectively, a “Governmental
               Entity”), including, but not limited to, the SEC, FINRA, EEOC, NLRB, the New York State Division of
               Human Rights, a local commission on human rights, or law enforcement, (2) making other disclosures to
               any Governmental Entity that are protected under the whistleblower provisions of federal, state or local
               law or regulation, or (3) speaking with an attorney retained by Contracting Employee, provided that in
               each  case  such  communications  and  disclosures  are  consistent  with  applicable  law.  Moreover,
               Contracting Employee does not need to give prior notice to (or get prior authorization from) Blackstone
               regarding any such communication or disclosure.  In addition, nothing in this Agreement shall be
               construed to prohibit Contracting Employee from discussing, disclosing or inquiring about wages to the
               extent consistent with applicable pay equity laws, or from engaging in activity protected by the National
               Labor Relations Act; for example, non-managerial and non-supervisory employee discussions regarding
               their terms and conditions of employment.

                      D.      Pursuant to 18 USC § 1833(b),  Contracting Employee  may not be held criminally or
               civilly liable under any federal or state trade secret  law for disclosure of a trade secret: (i) made in
               confidence to a government official, either directly or indirectly, or to an attorney, solely for the purpose
               of reporting or investigating a suspected violation of law; and/or (ii) in a complaint or other document
               filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, an individual suing
               an employer for retaliation based on the reporting of a suspected violation of law may disclose a trade
               secret to his or her attorney and use the trade secret information in the court proceeding, so long as any
               document containing the trade secret is filed under seal and the individual does not disclose the trade
               secret except pursuant to court order.

               III.    Work Product & Intellectual Property

                       A.     All works  of authorship,  content, materials, notes, inventions,  documentation, reports,
               methods, processes, software, databases, research, computer programs, code, algorithms, models, indexes
               or similar items  and discoveries (“Works”), that are  created,  developed or invented by Contracting
               Employee, either alone or with others, within the scope of Contracting Employee’s employment with
               Blackstone  or with the use of Blackstone’s equipment, supplies, facilities or Confidential  Information
               (and all intellectual and proprietary rights, including patents, copyrights, trademarks, logos, trade dress
               and other source indicators,  trade secrets,  inventions, methods and processes (“IPR”) therein)
               (collectively, “Blackstone Work Product”)  are owned exclusively by Blackstone as a “work made for
               hire”, and Blackstone will be considered the author of such Works.  In addition, any Blackstone Work
               Product  that  is  not  deemed to be a “work made for hire” pursuant to this Section  III.A, Contracting
               Employee hereby irrevocably assigns and delivers to Blackstone, to the maximum extent permitted by
               applicable law, all worldwide right, title and interest in same.   Contracting Employee shall take all
               requested actions and execute all requested documents at Blackstone’s expense (but  without further
               remuneration) to assist Blackstone in validating, maintaining, protecting, enforcing, perfecting, recording,
               patenting or registering any of Blackstone’s rights in a Blackstone Work Product.  Contracting Employee


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