Document:

Form of Global Restricted Stock Unit Agreement

 EXHIBIT 10.26 

SAPIENT CORPORATION 
 GLOBAL RESTRICTED STOCK UNIT 
 AGREEMENT 

In recognition of the important contributions that the employee (the “Employee”) whose name appears on the Notice attached to this Global
Restricted Stock Unit Agreement, including Exhibits A and B (collectively, the “Agreement”), makes to the success of Sapient Corporation (the “Company” or “Sapient”) and its affiliates (the “Affiliates”),
pursuant to the Sapient Corporation 2011 Incentive Plan (the “Plan”), the Company hereby grants to the Employee the Restricted Stock Unit Award described below. The Notice attached to this Agreement is incorporated herein by reference.

 1. The Restricted Stock Unit Award. The Company hereby grants to the Employee the number of restricted stock units (the
“Units”) set forth on the Notice, subject to the terms and conditions of this Agreement and the Plan. The Units constitute the right to receive, without payment, (i) the number of shares of Common Stock set forth on the Notice (the
“Unit Award”), and (ii) the right to receive, without payment, additional shares of Common Stock or an amount of cash, as determined by the Company in its sole discretion, on the same basis as the Unit Award, equal in value to the
cash dividends, if any, that would have been paid on or before the Payment Date with respect to the shares of Common Stock underlying the Unit Award had such shares of Common Stock been issued to the Employee on the Grant Date (the “Dividend
Equivalent Award”), in each case subject to the terms and conditions of the Plan and those set forth in this Agreement (including, but not limited to, the conditions relating to vesting, forfeiture and timing of payment set forth herein). An
Award shall be paid hereunder only to the extent that such Award is Vested, as provided in this Agreement. The Employee’s rights to the Units are subject to the restrictions described in this Agreement and the Plan in addition to such other
restrictions, if any, as may be imposed by law. 
 2. Definitions. The following definitions will apply for purposes of this Agreement.
Capitalized terms not defined in this Agreement are used as defined in the Plan and the Notice. 
  

	 	(a)	“Agreement” means this Global Restricted Stock Unit Agreement granted by the Company and agreed to by the Employee. 

 

	 	(b)	“Award” means the grant of Units, including both the Unit Award and any Dividend Equivalent Award, in accordance with this Agreement.

  

	 	(c)	“Common Stock” means common stock of the Company, $.01 par value. 

 

	 	(d)	“Fair Market Value” means the per share closing price of a share of Sapient Common Stock on the NASDAQ trading day immediately preceding the applicable
Vesting Date. 

  

	 	(e)	“Grant Date” means the date designated as the Date of Grant on the Notice. 

 

	 	(f)	“NASDAQ” means the Nasdaq Global Select Stock Market. 

  
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	 	(g)	“Notice” means the Notice of Restricted Stock Unit Award attached to this Agreement and incorporated herein by reference. 

 

	 	(h)	“Payment Date” means, as to Vested Units, the date on which the Award is settled, which date will in any event be within 30 days of the date on which
the Units become Vested. 

  

	 	(i)	“Unit” means a notional unit which is equivalent to a single share of Common Stock on the Grant Date, subject to Section 4.

  

	 	(j)	“Vested” means that portion of the Award to which the Employee has a nonforfeitable right under the terms of this Agreement and the Plan.

  

	 	(k)	“Vesting Dates” means the dates listed in the Vesting Schedule on the attached Notice. 

3. Vesting. 
  

	 	(a)	The Unit Award shall become Vested on the basis of one Unit to one share of Common Stock only upon the Vesting Dates and the satisfaction of the performance criteria,
if any, as set forth in the Vesting Schedule, and the Dividend Equivalent Award shall become Vested only upon the vesting of the underlying Unit Award and only if a cash dividend has actually been declared and issued on the Common Stock on or after
the Grant Date and on or before the Payment Date of the underlying Unit, in each case except as otherwise provided herein or determined by the Company in its sole discretion. Subject to Section 3(d) below, no portion of any Award shall become
Vested on the Vesting Date unless the Employee is then, and since the Grant Date has continuously been, employed by the Company or an Affiliate. 

  

	 	(b)	In the event that the Employee takes a leave of absence from his or her employment prior to a Vesting Date, the Company has the discretion to suspend vesting during
such leave of absence as provided for in the Company’s leave policy, to the extent permitted by applicable law. Upon the Employee’s return to active work, vesting will resume; however, unless otherwise provided in the Company’s leave
policy, or otherwise required by applicable law, the Employee will not receive credit for any vesting during the leave of absence period. 

  

	 	(c)	Subject to Section 3(d) below, in the event that the Employee’s employment terminates prior to a Vesting Date due to (1) disability, or
(2) termination by the Company or any Affiliate, or (3) any other termination of employment, as further described in Section 7(j)(iii) of this Agreement, any portion of the Award that has not then become Vested will be forfeited
automatically. 

  

	 	(d)	In the event that the Employee’s employment terminates prior to a Vesting Date due to the Employee’s death, the Unit Award will immediately vest and will be
settled in accordance with Section 6 below. 

  
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	 	(e)	In the event of a merger or acquisition of the Company in which the Company is not the surviving entity, or a sale of substantially all of the Company’s assets,
the Company may, in its sole discretion, accelerate the Vesting of all or any portion of any Award, unless the surviving entity agrees to assume or provide substituted awards in respect of the portion of the Awards that have not yet become Vested.

 4. Adjustments Based on Certain Changes in the Common Stock. In the event of any stock split, reverse stock
split, stock dividend, recapitalization or similar change affecting the Common Stock, the Award shall be equitably adjusted in accordance with Section 7(b) of the Plan. 
 5. No Voting Rights/Dividends. The Award shall not be interpreted to bestow upon the Employee any equity interest or ownership in the Company prior to the Payment Date. Once the Unit Award and the
Dividend Equivalent Award have become Vested and the shares of Common Stock underlying those Awards have been delivered, but not until such time and only with respect to the shares of Common Stock so delivered, the Employee shall have the rights of
a stockholder, including, but not limited to, the right to vote and receive dividends. 
 6. Payment of Award. On the Payment Date, the
Company shall issue to the Employee (or, as applicable, to the Employee’s heirs) (i) that number of shares of Common Stock as equals that number of shares underlying the Unit Award which have become Vested and (ii) additional shares
of Common Stock or an amount of cash, as determined by the Company pursuant to Section 1 of this Agreement, equal in value to the Dividend Equivalent Award which has become Vested. If the Dividend Equivalent Award is paid by the issuance of
additional shares of Common Stock, the number of shares so issued shall be determined by dividing the cash value of the Dividend Equivalent Award by the price per share of the Company’s common stock reported by NASDAQ at market close on the
record date established by the Company’s Board of Directors for determining the Company’s stockholders of record entitled to receive the cash dividend to which the Dividend Equivalent Award relates. 

7. Nature of Grant. In accepting the Award, the Employee acknowledges, understands and agrees that: 

 

	 	(a)	the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time;

  

	 	(b)	the Award is voluntary and occasional and does not create any contractual or other right to receive future Awards, or benefits in lieu of Awards, even if Awards have
been granted repeatedly in the past; 

  

	 	(c)	all decisions with respect to future Awards, if any, will be at the sole discretion of the Company; 

 

	 	(d)	the Award and this Agreement shall not create any right of the Employee to employment or continued employment with the Company or an Affiliate or limit the right of the
Company or an Affiliate to terminate the Employee’s employment at any time; 

  
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	 	(e)	the Employee has not been induced to receive the Award by expectation of employment or continued employment; 

 

	 	(f)	The Employee is voluntarily participating in the Plan; 

  

	 	(g)	the Award and the shares of Common Stock subject to the Award are not part of normal or expected compensation or salary for any purposes, including, but not limited to,
calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation
for, or relating in any way to, past services for the Company or an Affiliate; 

  

	 	(h)	except to the extent required by applicable law that cannot be waived, the loss of the Award shall not constitute an element of damages or indemnity in the event of
termination of the Employee’s employment even if the termination is determined to be in violation of an obligation of the Company or an Affiliate to the Employee by contract or otherwise; 

 

	 	(i)	the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty; 

 

	 	(j)	for Employees who reside outside the U.S., the following additional provisions shall apply: 

 

	 	(i)	the Award and the shares of Common Stock subject to the Award are not intended to replace any pension rights or compensation; 

 

	 	(ii)	the Award and the shares of Common Stock subject to the Award are an extraordinary item that does not constitute compensation of any kind for services of any kind
rendered to the Company or an Affiliate, and which is outside the scope of the Employee’s employment or service contract, if any; and 

  

	 	(iii)	except as otherwise provided in this Agreement, in the event of termination of the Employee’s employment (whether or not in breach of local labor laws), the
Employee’s right to vest in the Award under the Plan, if any, will terminate effective as of the date that the Employee is no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active
employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when the Employee is no longer actively employed for purposes of the
Employee’s Award. 

 8. Unfunded Status. The obligations of the Company hereunder shall be contractual only. The
Employee shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or
property of any kind whatsoever owned by the Company. 

  
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 9. No Assignment. No right or benefit or payment under the Plan shall be subject to assignment or
other transfer nor shall it be liable or subject in any manner to attachment, garnishment or execution. 
 10. Withholding. Regardless of
any action the Company or any Affiliate takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to the Employee’s participation in the Plan and legally applicable to the
Employee (“Tax-Related Items”), the Employee acknowledges that the ultimate liability for all Tax-Related Items is and remains the Employee’s responsibility and may exceed the amount actually withheld by the Company or an Affiliate.
The Employee further acknowledges that the Company and/or any Affiliate (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including, but not limited to, the
grant, vesting or settlement of the Award, the issuance of shares of Common Stock upon settlement of the Award, the subsequent sale of shares of Common Stock acquired pursuant to such issuance and the receipt of any dividends; and (2) do not
commit to and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the Employee’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Employee has become
subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, the Employee acknowledges that the Company and/or any Affiliate may be required to withhold or account
for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, the Employee may
elect, by written notice to the Company at least 30 days prior to the Vesting Date, to satisfy Tax-Related Items by paying the Tax-Related Items to the Company in cash (via check or wire transfer). 

Employees who are employed by the Company or any Affiliate located within the United States may also elect to satisfy Tax-Related Items by delivering to
the Company other shares of Common Stock owned by the Employee prior to such date having a Fair Market Value not less than the Tax-Related Items due, which either have been owned by the Employee for more than six (6) months or were not
acquired, directly or indirectly, from the Company. 
 If the Employee does not elect to pay Tax-Related Items at least 30 days prior to the
Vesting Date, the Employee authorizes the Company and/or any Affiliate, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: 

 

	 	(a)	withholding from the Employee’s wages or other cash compensation paid to the Employee by the Company and/or any Affiliate; or 

 

	 	(b)	withholding from proceeds of the sale of shares of Common Stock acquired upon vesting/settlement of the Award either through a voluntary sale or through a mandatory
sale arranged by the Company (on the Employee’s behalf pursuant to this authorization); or 

  

	 	(c)	withholding in shares of Common Stock to be issued upon vesting/settlement of the Award. 

  
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 To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by
considering applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, the Employee is deemed to have been
issued the full number of shares of Common Stock subject to the vested Award, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the
Employee’s participation in the Plan. 
 If the obligation for Tax-Related Items is satisfied by selling a number of shares of Common Stock
through a mandatory sale arranged by the Company, the Employee hereby agrees to the terms of the Irrevocable Standing Order to Sell Shares (the “Standing Order”), attached as Exhibit A and to the following: 

 

	 	(a)	The Employee authorizes the Company’s agent to sell, at the market price and on each Vesting Date (or the first NASDAQ trading day thereafter if a Vesting Date is
a day in which NASDAQ is closed), the number of Vested shares that, per the Company’s instructions to its agent, is necessary to obtain proceeds sufficient to satisfy the Tax-Related Items. The Employee understands and agrees that the number of
shares that such agent will sell will be based on the Fair Market Value of the shares. 

  

	 	(b)	The Employee agrees that the proceeds received from the sale of Vested shares pursuant to this Section 10 will be used to satisfy Tax-Related Items and,
accordingly, the Employee hereby authorizes the Company’s agent to pay such proceeds to the Company for such purpose. The Employee understands that to the extent that the proceeds obtained by such sale exceed the amount necessary to satisfy
Tax-Related Items, such excess proceeds shall be deposited into the Employee’s stock brokerage account with E*TRADE Financial or such other third party brokerage under which the Employee maintains a brokerage account (the “Account”).
The Employee further understands that any remaining Vested shares shall be deposited into the Account. 

 Finally, the Employee
shall pay to the Company or any Affiliate any amount of Tax-Related Items that the Company or any Affiliate may be required to withhold or account for as a result of the Employee’s participation in the Plan that cannot be satisfied by the means
previously described. The Company may refuse to issue or deliver the shares or the proceeds of the sale of shares of Common Stock, if the Employee fails to comply with the Employee’s obligations in connection with the Tax-Related Items.

 11. Governing Law and Venue. This Agreement shall be governed by, and construed in accordance with, the laws of Delaware. For purposes
of litigating any dispute that arises under this Agreement, the parties hereby submit to and consent to the jurisdiction of the Commonwealth of Massachusetts, agree that such litigation shall be conducted in the courts of Suffolk County, or the
federal courts for the United States for the District of Massachusetts where this Award is made and/or to be performed. 

  
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 12. Section 409A Exemption. The Award is intended to be exempt from the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended from time to time, and guidance issued thereunder and shall be construed and administered accordingly. Notwithstanding the above, neither the Company, nor any subsidiary, nor the
Committee, nor any person acting on behalf of the Company, any subsidiary, or the Committee, shall be liable to the Employee or to the estate or beneficiary of the Employee by reason of any acceleration of income, or any additional tax, asserted by
reason of the failure of this Agreement or any payment hereunder to satisfy the requirements of Section 409A of the Code. 
 13. No
Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Employee’s participation in the Plan, or the Employee’s acquisition or sale of the
underlying shares of Common Stock. The Employee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 

14. Data Privacy. The Employee hereby explicitly and unambiguously consents to the collection, use and transfer,
in electronic or other form, of the Employee’s personal data as described in this Agreement and any other grant materials by and among, as applicable, the Company and any Affiliate for the exclusive purpose of implementing, administering and
managing the Employee’s participation in the Plan. 
 The Employee understands that the Company and any Affiliate may hold
certain personal information about the Employee, including, but not limited to, the Employee’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any
shares of Common Stock or directorships held in the Company, details of all Awards or any other entitlement to shares of Common Stock awarded, canceled, exercised, vested, unvested or outstanding in the Employee’s favor, for the exclusive
purpose of implementing, administering and managing the Plan (“Data”). 
 The Employee understands that Data will be
transferred to E*TRADE Financial Services, Inc. (“E*TRADE”) , or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management
of the Plan. The Employee understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections from the
Employee’s country. The Employee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. The Employee authorizes the
Company, E*TRADE, and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form,
for the sole purpose of implementing, administering and managing his or her participation in the Plan. The Employee understands that Data will be held only as long as is necessary to implement, administer and manage the

  
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Employee’s participation in the Plan. The Employee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require
any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. The Employee understands, however, that refusing or withdrawing his or
her consent may affect the Employee’s ability to participate in the Plan. For more information on the consequences of the Employee’s refusal to consent or withdrawal of consent, the Employee understands that he or she may contact his or
her local human resources representative. 
 15. Language. If The Employee has received this Agreement or any other document
related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
 16. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Employee hereby
consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

17. Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 18. Exhibit B.
Notwithstanding any provisions in this Agreement, the Award shall be subject to any special terms and conditions set forth in Exhibit B to this Agreement for the Employee’s country. Moreover, if the Employee relocates to one of the
countries included in Exhibit B, the special terms and conditions for such country will apply to the Employee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with
local law or facilitate the administration of the Plan. Exhibit B constitutes part of this Agreement. 
 19. Imposition of Other
Requirements. The Company reserves the right to impose other requirements on the Employee’s participation in the Plan, on the Award and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Employee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

  
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 IN WITNESS WHEREOF, Sapient Corporation has executed this Global Restricted Stock Unit Agreement as of the
     day of                     , 20    . 

 

			
	SAPIENT CORPORATION
		
	By:	 	 /s/ Alan J. Herrick
	Alan J. Herrick
	President and Chief Executive Officer

  
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 Exhibit A 

IRREVOCABLE STANDING ORDER TO SELL SHARES 
 I have received from the Company on a voluntary basis the right to acquire shares of Sapient Common Stock (the “Shares”) subject to the terms and conditions set forth in the attached Global
Restricted Stock Unit Agreement. 
 I understand that I must maintain a securities brokerage account with E*TRADE or such other third party
brokerage (each of E*TRADE or such other third party brokerage is herein defined as the “Broker”) to participate in the Plan described in detail in Global Restricted Stock Unit Agreement, and Sapient has informed me about this requirement
as well as the requirements for the opening of such a securities brokerage account so that the Vested Shares can be deposited into account. Furthermore, I understand that on each Vesting Date, the Vested Shares will be deposited into my stock
brokerage account with the broker and that I may incur taxable income (“Taxable Income”) upon my receipt of the Vested Shares or at any other time after the grant of the Award. Per the terms of the Agreement, and if so directed by Sapient,
I understand and agree to do the following as a condition of my receipt of Vested Shares: 
 Upon each Vesting Date, I must sell a number of
Shares that is sufficient to satisfy all Tax-Related Items, as determined by Sapient or an Affiliate, which are applicable to my Taxable Income. Accordingly, I HEREBY DIRECT THE BROKER TO SELL, ON EACH VESTING DATE LISTED ABOVE (OR THE FIRST NASDAQ
TRADING DAY THEREAFTER IF A VESTING DATE IS A DAY ON WHICH NASDAQ IS CLOSED), THAT NUMBER OF SHARES THAT, PER SAPIENT’S INSTRUCTIONS TO THE AGENT, IS SUFFICIENT TO OBTAIN SALE PROCEEDS SUFFICIENT TO SATISFY THE TAX-RELATED ITEMS. THE PER SHARE
SALES PRICE SHALL BE CALCULATED BASED ON THE FAIR MARKET VALUE OF THE SHARES. 
 I understand that the Broker will remit the proceeds of the
foregoing sale promptly to Sapient for payment by Sapient or an Affiliate of the Tax-Related Items, and I authorize and direct the Broker to pay such proceeds to Sapient for this purpose. 
 I acknowledge that I have not been induced to participate in any trade in return for or as an expectation of employment or continued employment. I understand and agree that by signing below, I am making
an Irrevocable Standing Order to Sell Shares that will remain in effect until such time as I have received all Shares to which I am entitled under this Agreement. I also agree that this Irrevocable Standing Order to Sell Shares is in addition and
subject to the terms and conditions of any existing Account Agreement that I have with the Broker. 

  
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 Exhibit B 

COUNTRY-SPECIFIC TERMS TO THE 
 GLOBAL RESTRICTED STOCK UNIT AGREEMENT 
 Terms and Conditions 

This Exhibit B includes additional terms and conditions that govern the Award granted to the Employee under the Plan if the Employee resides in one
of the countries listed below. Certain capitalized terms used but not defined in this Exhibit B have the meanings set forth in the Plan and/or the Agreement. 
 Notifications 
 This Exhibit B also includes information regarding exchange
controls and certain other issues of which the Employee should be aware with respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of
December 2010. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Employee not rely on the information in this Exhibit B as the only source of information relating to the consequences of the
Employee’s participation in the Plan because the information may be out of date at the time that the Award vests or the Employee sells shares of Common Stock acquired under the Plan. 
 In addition, the information contained herein is general in nature and may not apply to the Employee’s particular situation, and the Company is not in a position to assure the Employee of a
particular result. Accordingly, the Employee is advised to seek appropriate professional advice as to how the relevant laws in the Employee’s country may apply to his or her situation. 
 Finally, if the Employee is a citizen or resident of a country other than the one in which he or she is currently working, transferred employment after the Award was granted or is considered a resident of
another country for local law purposes, the information contained herein may not be applicable to the Employee. 
 AUSTRALIA

 Notifications 

Securities Law Information. If the Employee acquires shares of Common Stock pursuant to the Employee’s Award and the Employee offers his or
her shares of Common Stock for sale to a person or entity resident in Australia, the Employee’s offer may be subject to disclosure requirements under Australian law. The Employee should obtain legal advice on his or her disclosure obligations
prior to making any such offer. 

  
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 CANADA 
 Terms and Conditions 
 Payment of Award. This provision supplements
Section 6 of the Agreement: 
 Notwithstanding any discretion in the Plan or the Agreement to the contrary, upon vesting of the Unit Award,
shares of Common Stock will be issued to the Employee. In no event will the Unit Award be paid to the Employee in the form of cash. 
 French
Language Provision. The following provision will apply if the Employee is a resident of Quebec: 
 The parties acknowledge that it is their
express wish that the present Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 

Les parties reconnaissent avoir exigé la rédaction en anglais de la présente convention, ainsi que de tous documents
exécutés, avis donnés et procédures judiciaires intentées, directement ou indirectement, relativement à ou suite à la présente convention. 

Data Privacy. This provision supplements Section 14 of the Agreement: 
 The Employee hereby authorizes the Company, any Affiliate and the Company’s representatives to discuss with and obtain all relevant information from all personnel, professional or not, involved in
the administration and operation of the Plan. The Employee further authorizes the Company, any Affiliate and the administrator of the Plan to disclose and discuss the Plan with their advisors. The Employee further authorizes the Company and any
Affiliate to record such information and to keep such information in the Employee’s employee file. 
 CHINA 

The following terms and conditions apply only to PRC nationals who work in china at any time between grant and vesting of the award, as determined by the
company in its sole discretion. 
 Terms and Conditions 
 Payment of Award and Sale of Shares. This provision supplements Section 6 of the Award: 
 To facilitate compliance with exchange control laws or regulations in China due to local regulatory requirements, the Company may require that all shares of Common Stock to be issued upon vesting and
settlement of the Award be sold by the Company’s designated brokerage firm on the Employee’s behalf and for the Employee’s account pursuant to this authorization on or as soon as administratively possible after the date of issuance.
The Employee agrees to sign any agreements, forms and/or consents that may be reasonably requested by the Company (or such brokerage firm) to effectuate the sale of the shares of Common Stock (including, without limitation, as to the transfers of
the proceeds and other exchange control matters noted below) and shall otherwise cooperate with the Company with respect to such matters, provided that the 

  
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Employee shall not be permitted to exercise any influence over how, when or whether the sales occur. The Employee acknowledges that neither the Company nor the designated brokerage firm is under
any obligation to arrange for such sale of the shares of Common Stock at any particular price (it being understood that the sale will occur at the market) and that broker’s fees and similar expenses may be incurred in any such sale. In any
event, when the shares of Common Stock issued upon vesting and settlement of the Award are sold, the proceeds of the sale of the shares of Common Stock, less any Tax-Related Items, any broker’s fees or commissions, and any similar expenses of
the sale will be remitted to the Employee in accordance with applicable exchange control laws and regulations. 
 Exchange Control
Requirements. The Employee understands and agrees that, if he or she is subject to local exchange control requirements, the Employee will be required to repatriate the cash proceeds from the immediate sale of the shares of Common Stock
issued upon the vesting of the Award to China. The Employee further understands that, under local law, such repatriation of the Employee’s cash proceeds may need to be effected through a special exchange control account established by the
Company or an Affiliate, and the Employee hereby consents and agrees that any proceeds from the sale of any shares of Common Stock the Employee acquires may be transferred to such special account prior to being delivered to the Employee. The
proceeds may be paid to the Employee in U.S. dollars or local currency at the Company’s discretion. If the proceeds are paid to the Employee in U.S. dollars, the Employee understands that he or she will be required to set up a U.S. dollar bank
account in China so that the proceeds may be deposited into this account. If the proceeds are paid to the Employee in local currency, the Employee acknowledges that the Company is under no obligation to secure any particular exchange conversion rate
and that the Company may face delays in converting the proceeds to local currency due to exchange control restrictions. The Employee agrees to bear any currency fluctuation risk between the time the shares of Common Stock are sold and the time the
proceeds are distributed to the Employee. The Employee further agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China. 

GERMANY 
 Notifications

 Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal
Bank. If the Employee uses a German bank to effect a cross-border payment in excess of €12,500 in connection with the sale of shares of Common Stock acquired under the Plan, the bank will make the report for the Employee. In addition, the
Employee must report any receivables or payables or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. Finally, the Employee must report on an annual basis, shares of Common Stock that exceed 10% of the total voting
capital of the Company. 

  
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 HONG KONG 
 Terms and Conditions 
 Payment of Award. This provision supplements
Section 6 of the Agreement: 
 Notwithstanding any discretion in the Plan or the Agreement to the contrary, upon vesting of the Unit Award,
shares of Common Stock will be issued to the Employee. In no event will the Unit Award be paid to Employee in the form of cash. 

Restriction on Sale. To facilitate compliance with securities laws in Hong Kong, in the event the Employee’s Award vests and shares of Common
Stock are issued to the Employee within six (6) months of the Grant Date, the Employee agrees that he or she will not dispose of any shares of Common Stock acquired prior to the six-month anniversary of the Grant Date. 

Notifications 

Securities Law Information. Warning: The Award and shares of Common Stock do not constitute a public offering of securities under
Hong Kong law and are available only to employees of the Company or an Affiliate. The Agreement, including Exhibit B, the Plan and other incidental communication materials have not been prepared in accordance with and are not intended to constitute
a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. The Award is intended only for the personal use of
each eligible employee of the Company or an Affiliate and may not be distributed to any other person. If the Employee is in any doubt about any of the contents of the Agreement, including Exhibit B, or the Plan, the Employee should obtain
independent professional advice. 
 Nature of Scheme. The Company specifically intends that the Plan will not be an occupational
retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”). Notwithstanding the foregoing, if the Plan is deemed to constitute an occupational retirement scheme for the purposes of ORSO, then the
Employee’s grant shall be void. 
 INDIA 
 Notifications 
 Exchange Control Information. The Employee understands
that the Employee must repatriate any proceeds from the sale of shares of Common Stock acquired under the Plan to India and convert the proceeds into local currency within 90 days of receipt. The Employee will receive a foreign inward remittance
certificate (“FIRC”) from the bank where the Employee deposits the foreign currency. The Employee should maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India, the Company, or an Affiliate
requests proof of repatriation. 

  
 -14-

 NETHERLANDS 
 Terms and Conditions 
 No Entitlement. This provision supplements
Section 7 of the Agreement: 
 By accepting the Award, the Employee acknowledges that the Award is intended as an incentive for the
Employee to remain employed with the Company or an Affiliate and is not intended as remuneration for labor performed. 
 Notifications

 Insider Trading Information. The Employee should be aware of the Dutch insider-trading rules, which may impact the sale of
shares of Common Stock issued upon vesting of the Award. In particular, the Employee may be prohibited from effectuating certain transactions if he or she has inside information about the Company. 

Under Article 5:56 of the Dutch Financial Supervision Act, anyone who has “insider information” related to an issuing company is prohibited
from effectuating a transaction in securities in or from the Netherlands. “Inside information” is defined as knowledge of specific information concerning the issuing company to which the securities relate or the trade in securities issued
by such company, which has not been made public and which, if published, would reasonably be expected to affect the share price, regardless of the development of the price. The insider could be any employee of any affiliate in the Netherlands who
has inside information as described herein. 
 Given the broad scope of the definition of inside information, certain employees working at an
affiliate in the Netherlands may have inside information and, thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when the employee has such inside information. 

If the Employee is uncertain whether the insider-trading rules apply to the Employee, then the Employee should consult with his or her personal legal
advisor. 
 RUSSIA 

Terms and Conditions 
 U.S.
Securities Transaction. The Employee understands that the Award shall be valid and the Agreement shall be concluded and become effective only when the Agreement is received electronically or otherwise by the Company in the United States.

 Notifications 

Securities Law Information. This Exhibit B, the Notice, the Agreement, the Plan and all other materials that the Employee may receive
regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The issuance of securities pursuant to the Plan has not and will not be registered in Russia; hence, the securities described in any
Plan-related documents may not be used for offering or public circulation in Russia. In no event will shares of Common Stock be delivered to the Employee in Russia; instead, all shares of Common Stock acquired upon vesting of the Award will be
maintained on the Employee’s behalf in the United States. 

  
 -15-

 Exchange Control Notification. Under current exchange control regulations, within a reasonably
short time after sale of the shares of Common Stock acquired under the Plan, the Employee must repatriate the sale proceeds to Russia. Such sale proceeds must be credited initially to the Employee through a foreign currency account at an authorized
bank in Russia. After the sale proceeds are initially received in Russia, the funds may be further remitted to foreign banks in accordance with Russian exchange control laws. 
 The Employee should consult his or her personal advisor before remitting any sale proceeds to Russia, as exchange control requirements may change. 
 SINGAPORE 
 Terms and Conditions 

Payment of Award. This provision supplements Section 6 of the Agreement: 
 Notwithstanding any discretion in the Plan or the Agreement to the contrary, upon vesting of the Unit Award, shares of Common Stock will be issued to the Employee. In no event will the Unit Award be paid
to the Employee in the form of cash. 
 Notifications 
 Securities Law Information. The Award is being made pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the Singapore Securities and Futures Act (Chapter 289, 2006
Ed.) (“SFA”). The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. The Employee should note that the Award is subject to section 257 of the SFA and the Employee will not be able to make any
subsequent sale in Singapore of the shares of Common Stock acquired through the vesting of the Award or any offer of such sale in Singapore unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision
(4) (other than section 280) of the SFA (Cap 289, 2006 Ed.). 
 Director Notification Obligation. If the Employee is a director,
associate director or shadow director of a Singapore affiliate of the Company, the Employee is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Singapore
affiliate in writing when the Employee receives an interest (e.g., Awards, shares of Common Stock) in the Company or any related companies. Please contact the Company to obtain a copy of the notification form. In addition, the Employee must
notify the Singapore affiliate when the Employee sells shares of the Company or any related company (including when the Employee sell shares of Common Stock acquired through the vesting of his or her Award). These notifications must be made within
two (2) days of acquiring or disposing of any interest in the Company or any related company. In addition, a notification must be made of the Employee’s interests in the Company or any related company within two (2) days of becoming a
director. 

  
 -16-

 SWEDEN 
 There are no country-specific provisions. 
 SWITZERLAND 

Notifications 
 Securities Law
Information. The Award is considered a private offering in Switzerland; therefore, it is not subject to registration. 
 UNITED ARAB
EMIRATES (DUBAI) 
 Notifications 
 Securities Law Information. The Agreement, including this Exhibit B, the Plan, and other incidental communication materials are intended for distribution only to employees of the Company and its
Affiliates for the purposes of an employee compensation or reward scheme. The regulatory authorities of the Dubai Technology and Media Free Zone Authority have no responsibility for reviewing or verifying any documents in connection with the Award.
Further, the shares of Common Stock underlying the Award may be illiquid and/or subject to restrictions on their resale. If the Employee is in any doubt about any of the contents of the Agreement, including Exhibit B, or the Plan, the Employee
should obtain independent professional advice. 
 UNITED KINGDOM 
 Payment of Award. This provision supplements Section 6 of the Agreement: 

Notwithstanding any discretion in the Plan or the Agreement to the contrary, upon vesting of the Unit Award, shares of Common Stock will be issued to the
Employee. In no event will the Unit Award be paid to the Employee in the form of cash. 
 Withholding. This provision supplements
Section 10 of the Agreement: 
 If payment or withholding of the income tax is not made within ninety (90) days of the event giving
rise to the liability or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), the amount of any uncollected tax will constitute a loan owed by the Employee to the
Company or an Affiliate, effective on the Due Date. The Employee agrees that the loan will bear interest at the then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due and repayable, and
the Company or an Affiliate may recover it at any time thereafter by any of the means referred to in Section 10 of the Agreement. 

  
 -17-

 Notwithstanding the foregoing, if the Employee is a director or executive officer of the Company (within the
meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the Employee will not be eligible for such a loan to cover the income tax. In the event that the Employee is a director or executive officer and the income tax
due is not collected from or paid by the Employee by the Due Date, the amount of any uncollected tax will constitute a benefit to the Employee on which additional income tax and National Insurance contributions (“NICs”) (including the
Employer NICs, as defined below) will be payable. The Employee will be responsible for reporting and paying any income tax and NICs (including the Employer NICs, as defined below) due on this additional benefit directly to HMRC under the
self-assessment regime. 
 Joint Election. As a condition of the Award, the Employee agrees to accept any liability for secondary Class 1
National Insurance contributions (the “Employer NICs”) which may be payable by the Company or an Affiliate with respect to the vesting of the Award or otherwise becomes payable with respect to a benefit derived in connection with the
Award, and to reimburse the Company or the Affiliate for such Employer NICs. The Employee further agrees that the Company or the Affiliate may collect the Employer NICs from the Employee by any of the means set forth in Section 10 of the
Agreement. 
 If requested, the Employee further agrees and undertakes to execute a joint election between the Company or an Affiliate (in a
form satisfactory to the Company and the HMRC) and to execute such other joint elections as may be required between the Employee and any successor to the Company or the Affiliate to accomplish the transfer of the liability to pay Employer NICs to
the Employee. 

  
 -18-The Blackstone Group L.P. Third Amended and Restated Bonus Defferral Plan

 Exhibit 10.9 
 THE BLACKSTONE GROUP L.P. 
 THIRD AMENDED AND RESTATED BONUS DEFERRAL PLAN

 Purpose 
 The Blackstone Group L.P. (“Blackstone”) initially adopted the Blackstone Group L.P. Bonus Deferral Plan (the “First Plan”) as of December 17, 2007, representing a
deferred compensation plan for certain eligible employees and senior managing directors of Blackstone and certain of its affiliates in order to provide such individuals with pre-tax deferred incentive compensation awards and thereby enhance the
alignment of interests between such individuals and Blackstone and its affiliates. Blackstone previously amended and restated the First Plan, effective as of November 5, 2009, as the Amended and Restated Blackstone Group L.P. Bonus Deferral
Plan, and, effective as of December 14, 2010, as the Second Amended and Restated Blackstone Group L.P. Bonus Deferral Plan and is hereby further amending and restating the plan as this Third Amended and Restated Blackstone Group L.P. Bonus
Deferral Plan, effective as of December 1, 2011 (the “Plan”). 
 ARTICLE I. 

DEFINITIONS 
 As used herein, the following terms have the meanings set forth below. 

“Affiliated Employer” means, except as provided under Section 409A of the Code and the regulations promulgated
thereunder, any company or other entity that is related to Blackstone (including Blackstone Administrative Services Partnership L.P.) as a member of a controlled group of corporations in accordance with Section 414(b) of the Code or as a trade
or business under common control in accordance with Section 414(c) of the Code. 
 “Annual Bonus” means
the annual bonus awarded to a Participant with respect to a given Fiscal Year under the applicable annual bonus plan, program, agreement or other arrangement (as designated by the Plan Administrator in its sole discretion); provided that a
Participant’s Annual Bonus for purposes of this Plan shall exclude any bonus or other amount, the payment of which has been guaranteed or promised to the Participant at any time prior to the Annual Bonus Notification Date pursuant to any
agreement, plan, program or other arrangement between the Participant and the Firm (a “Guaranteed Bonus”) unless the document evidencing the Guaranteed Bonus expressly provides for the deferral of all or a specified portion
of such Guaranteed Bonus, in which case such deferral will occur pursuant to the terms and conditions set forth in such document. Notwithstanding the foregoing, if the Plan Administrator determines that the deferral under the Plan of a
Participant’s Guaranteed Bonus likely would result in the imposition of tax or penalties under Section 409A of the Code, the Participant’s Annual Bonus shall exclude such Guaranteed Bonus. 

“Annual Bonus Notification Date” means the date on which the Firm notifies a Participant of the amount of such
Participant’s Annual Bonus (if any) for the relevant Fiscal Year. 

 “BHP Units” means units, each of which consists of one partnership unit in
each of Blackstone Holdings I L.P., a Delaware limited partnership, Blackstone Holdings II L.P., a Delaware limited partnership, Blackstone Holdings III L.P., a Québec société en commandite, and Blackstone Holdings IV L.P., a
Québec société en commandite. 
 “Board” means the board of directors of Blackstone Group
Management L.L.C., a Delaware limited liability company and the general partner of Blackstone. 
 “Bonus Deferral
Amount” has the meaning set forth in Section 3.01(a). 
 “Bonus Deferral Unit” has the meaning
set forth in Section 3.01(c). 
 “Cause,” with respect to a Participant, has the meaning set forth in the
Employment Agreement to which such Participant is a party. 
 “Change in Control” means, with respect to the
Firm, a “Change in Control” as defined under the Equity Incentive Plan, to the extent that such event also constitutes a “change of control” within the meaning of Section 409A of the Code and the regulations and Internal
Revenue Service guidance promulgated thereunder. 
 “Code” means the Internal Revenue Code of 1986, as amended.

 “Common Units” means the publicly-traded common units representing limited partnership interests of
Blackstone which are available for issuance under the Equity Incentive Plan. 
 “Competitive Business” has the
meaning set forth in the Employment Agreement to which such Participant is a party. 
 “Deferral Amount” has
the meaning set forth in Section 3.01(b). 
 “Deferral Unit” has the meaning set forth in
Section 3.01(c). 
 “Delivery Date” shall mean the date upon which Common Units (or, if applicable, BHP
Units, cash or other securities) are delivered with respect to any Deferral Units, as set forth in Section 5.01. 

“Disability” has the meaning as provided under Section 409A(a)(2)(C)(i) of the Code. 

“Employment” means (i) a Participant’s employment if the Participant is an employee of Blackstone or any
Affiliated Employer or (ii) a Participant’s services as a senior managing director of Blackstone or any Affiliated Employer if the Participant is a senior managing director. 

“Employment Agreement” means, with respect to a Participant, the Contracting Employment Agreement (including all
schedules and exhibits thereto) or, with respect to a Participant who is a senior managing director, the Senior Managing Director Agreement (including all schedules and exhibits thereto), as applicable, to which such Participant is a party.

  
 2 

 “Equity Incentive Plan” means The Blackstone Group L.P. 2007 Equity
Incentive Plan or such other plan as the Plan Administrator may designate in its sole discretion. 
 “Fair Market
Value” shall have the meaning given to such term in the Equity Incentive Plan; provided that, with respect to a BHP Unit or other security, if the fair market value of such BHP Unit or other security cannot reasonably be determined pursuant
to the foregoing definition, the Fair Market Value of such BHP Unit or other security shall be the value thereof as determined pursuant to a valuation made by the Plan Administrator in good faith and based upon a reasonable valuation method.

 “Firm” means Blackstone and each Participating Employer (individually or collectively as the context
requires). 
 “Fiscal Year” means the fiscal year of Blackstone. 

“Investment Date” means the January 1 immediately following the Fiscal Year in respect of which a
Participant’s Annual Bonus is earned, which shall be the date on which such Participant’s Bonus Deferral Amount and Premium Amount are deemed invested in Common Units in accordance with Section 3.01(c). 

“Participant” means a participant selected by the Plan Administrator in accordance with Section 2.01 hereof.

 “Participating Employer” means Blackstone and each Affiliated Employer (or division or unit of an Affiliated
Employer) that is designated as a “Participating Employer” by the Plan Administrator and which adopts this Plan. 

“Person” means any individual, partnership, corporation, limited liability company, unincorporated organization, trust,
joint venture or enterprise or a governmental agency or political subdivision thereof. 
 “Plan Account” has
the meaning given to such term in Section 3.01(c). 
 “Plan Administrator” means the Board or the
committee or subcommittee thereof to whom the Board delegates authority to administer the Plan, or such other person or persons as the Board may appoint for such purpose from time to time. Additionally, the Plan Administrator may delegate its
authority under the Plan to any employee or group of employees of Blackstone or an Affiliate Employer; provided that such delegation is consistent with applicable law and guidelines established by the Board from time to time.

 “Premium Amount” has the meaning set forth in Section 3.01(b). 

“Premium Unit” has the meaning set forth in Section 3.01(c). 

“Retirement” means a Participant’s Separation from Service after (i) the Participant has reached age
sixty-five (65) and has at least five (5) full years of service with the Firm or (ii) (A) the Participant’s age plus years of service with the Firm totals at least sixty-five (65), (B) the Participant has reached age
fifty (50) and (C) the Participant has had a minimum of five (5) years of service; provided, however, that no Participant will be eligible for Retirement prior to June 30, 2010. 

  
 3 

 “Separation from Service” means a Participant’s “separation from
service” with the Firm within the meaning of Section 409A of the Code and the regulations thereunder. 

“Vesting Date” has the meanings set forth in Sections 4.01(c), 6.01(f) and 6.01(g). 

“Vesting Period” has the meaning set forth in Section 4.01(c). 

“VWAP” means the 30-day volume weighted average trading price of a Common Unit (as reported on the national exchange on
which the Common Units are listed on each such date) over the 30-day period (only counting trading days for Common Units) immediately preceding the relevant measurement date. 
 ARTICLE II. 
 PLAN PARTICIPATION 

Section 2.01. Plan Participation. Each Fiscal Year, prior to the Annual Bonus Notification Date for such Fiscal Year but
in no event later than (a) December 21, 2007, with respect to Fiscal Year 2007 and (b) December 1 of such Fiscal Year, with respect to all subsequent Fiscal Years, the Plan Administrator, in its sole discretion, will select
Participants from among the employees and senior managing directors of the Participating Employers and will notify such individuals that they have been selected to participate in the Plan for such Fiscal Year. The Plan Administrator may, in its sole
discretion, establish different rules and/or sub-plans under the Plan with respect to Participants based outside of the United States and Participants who are employees of, or other service providers for, a “nonqualified entity” within the
meaning of Section 457A of the Code, in each case, in a manner intended to address tax, administrative and securities law considerations with respect to the Firm and such Participants. Such alternate rules and/or sub-plans may include, without
limitation, different treatment with respect to timing of vesting and delivery of Common Units (or, if applicable, BHP Units, cash or other securities) under the Plan and may be set forth in Schedules to be attached hereto from time to time.

 ARTICLE III. 
 DEFERRALS 
 Section 3.01. Bonus and Premium Award
Deferrals. 
 (a) With respect to a given Fiscal Year commencing with the Fiscal Year ended December 31, 2011, and for
each Participant selected to participate in the Plan in accordance with Section 2.01 hereof, a portion of the Annual Bonus (excluding any portion thereof that is being separately deferred pursuant to this Plan or any other agreement, plan,
program or other arrangement between the Participant and the Firm) for the Fiscal Year shall be deferred (his or her “Bonus Deferral Amount”) in accordance with the following table: 

 

									
	 	  	Marginal Deferral Rate	 	 	Effective Deferral Rate for	 
	 Portion of Annual Bonus
	  	Applicable to Such Portion	 	 	Entire Annual Bonus*	 
	 $0 - 100,000
	  	 	0.0	% 	 	 	0.0	% 
	 $100,001 - 200,000
	  	 	15.0	% 	 	 	7.5	% 
	 $200,001 - 500,000
	  	 	20.0	% 	 	 	15.0	% 
	 $500,001 - 750,000
	  	 	30.0	% 	 	 	20.0	% 
	 $750,001 - 1,250,000
	  	 	40.0	% 	 	 	28.0	% 
	 $1,250,001 - 2,000,000
	  	 	45.0	% 	 	 	34.4	% 
	 $2,000,001 - 3,000,000
	  	 	50.0	% 	 	 	39.6	% 
	 $3,000,001 - 4,000,000
	  	 	55.0	% 	 	 	43.4	% 
	 $4,000,001 - 5,000,000
	  	 	60.0	% 	 	 	46.8	% 
	 $5,000,000 +
	  	 	65.0	% 	 	 	52.8	% 

  

	*	Effective Deferral Rates are shown for illustrative purposes only and are based on an Annual Bonus equal to the maximum amount in the range shown in the far left
column. 

  
 4 

 Notwithstanding the foregoing: (i) if a Participant’s Annual Bonus includes a
Guaranteed Bonus, such Participant’s Bonus Deferral Amount shall be equal to (x) the portion of the Guaranteed Bonus which the document evidencing the Guaranteed Bonus states will be deferred, plus (y) a portion of the amount (if any)
by which the Participant’s Annual Bonus exceeds his or her Guaranteed Bonus, determined pursuant to the table above and (ii) the Firm reserves the right to change the method by which a Participant’s Bonus Deferral Amount will be
calculated with respect to any Annual Bonus by notifying the Participant in writing in advance of the Annual Bonus Notification Date for such Annual Bonus. Deferral of each Participant’s Bonus Deferral Amount for the relevant Fiscal Year shall
be automatic and mandatory and shall occur immediately prior to the Investment Date for such Fiscal Year. The excess of the Participant’s Annual Bonus for the relevant Fiscal Year over his or her Bonus Deferral Amount for such Fiscal Year shall
be paid to the Participant on such date and in the same manner as such Participant’s Annual Bonus would have been paid to him or her if he or she was not a Participant in the Plan with respect to such Fiscal Year. 

(b) In addition, each Participant selected to participate in the Plan in accordance with Section 2.01 hereof shall be granted an
additional premium bonus in the amount equal to twenty percent (20%) of such Participant’s Bonus Deferral Amount (the “Premium Amount” and, together with such Participant’s Bonus Deferral Amount, his or her
“Deferral Amount”). Deferral of each Participant’s Premium Amount for the relevant Fiscal Year shall be automatic and mandatory and shall occur immediately prior to the Investment Date for such Fiscal Year. 

(c) On the Investment Date, (i) the Participant’s entire Bonus Deferral Amount corresponding to such Investment Date shall
automatically and mandatorily be notionally invested in the number of Common Units (the Participant’s “Bonus Deferral Units”) that is equal to such Bonus Deferral Amount divided by the VWAP of a Common Unit as of the
corresponding Annual Bonus Notification Date, rounded up to the nearest whole number and (ii) the Participant’s entire Premium Amount shall automatically and mandatorily be notionally invested in the number of Common Units (the
Participant’s “Premium Units,” and together with 

  
 5 

 
the Bonus Deferral Units, his or her “Deferral Units”) that is equal to such Premium Amount divided by the VWAP of a Common Unit as of the corresponding Annual Bonus Notification
Date, rounded up to the nearest whole number. The Firm will keep on its books and records an account for each Participant (his or her “Plan Account”), in which the Firm will record the number of Deferral Units credited to such
Participant. 
 ARTICLE IV. 
 VESTING 
 Section 4.01. Vesting. 

(a) Bonus Deferral Units. Subject to Article VI, and except as otherwise provided in Sections 6.01(f) and 6.01(g), one-third
(1/3) of the Bonus Deferral Units granted to a Participant in respect of a given Investment Date will vest (but will only be deliverable pursuant to Article V) on the January 1 that immediately follows the end of each of the first,
second and third Fiscal Years after the Fiscal Year to which the relevant Annual Bonus relates, subject to the Participant remaining continuously Employed with the Firm through the applicable Vesting Date. For the avoidance of doubt, Bonus Deferral
Units shall not be eligible for partial-year vesting. 
 (b) Premium Units. Subject to Article VI, the Premium Units
granted to a Participant in respect of a given Investment Date will vest (but will only be deliverable pursuant to Article V) on the January 1 that immediately follows the end of the third Fiscal Year after the Fiscal Year to which the
relevant Annual Bonus relates, subject to the Participant remaining continuously Employed with the Firm through such Vesting Date. 
 (c) Vesting Date; Vesting Period. For purposes of this Plan, and except as otherwise provided in Sections 6.01(f) and 6.01(g), the date upon which all or a portion of a Participant’s Bonus
Deferral Units or Premium Units vest in accordance with the provisions of this Section 4.01 shall be referred to as the “Vesting Date” for such Deferral Units. The period between the Investment Date in respect of which a
Deferral Unit is granted and the Vesting Date on which such Deferral Unit vests in accordance with the provisions hereof shall be referred to as the “Vesting Period.” 

ARTICLE V. 

DELIVERY OF UNITS 
 Section 5.01. Delivery Generally. The Common Units (or, if applicable, BHP Units, cash or other securities) underlying the Deferral Units shall generally be delivered to Participants on a
date intended to coincide with a date upon which the underlying Common Units (or, if applicable, BHP Units or other securities) may next be traded or converted by the Participant (subject to further restrictions due to Firm policies in place at such
time) as set forth below: 
 (a) Window Period for Delivery of Deferral Units. The “Delivery Date” for each
Deferral Unit shall be a date selected by the Plan Administrator which falls between the first February 10 and March 10 following the Vesting Date applicable to such Bonus Deferral Unit or Premium Unit. 

  
 6 

 (b) Form of Delivery. On the applicable Delivery Date, or as soon as reasonably
practicable after such Delivery Date (but in no event more than ten (10) business days after such Delivery Date), the Firm shall issue to the Participant, in full settlement of the Firm’s obligations with respect to the deliverable portion
of the Participant’s Deferral Units, the number of Common Units subject to such Deferral Units (or, at the Plan Administrator’s sole discretion, which will likely be only in rare occasions, an amount in cash equal to the VWAP of such
number of Common Units as of the date of such payment). Notwithstanding the foregoing, if the Plan Administrator determines, in its sole discretion, that the issuance of Common Units may raise tax, securities law or administrative concerns to the
Firm or the Participant, then distributions to such Participant hereunder shall not be made in Common Units but instead (in the Plan Administrator’s sole discretion, which will likely be only in rare occasions), may be made in BHP Units or
other securities, as determined by the Plan Administrator. 
 Section 5.02. Issuance of Units. The issuance of
any Common Units (or, if applicable, BHP Units) to a Participant pursuant to the Plan shall be effectuated by recording the Participant’s ownership of such Common Units (or, if applicable, BHP Units) in a book-entry or similar system utilized
by the Firm as soon as practicable following the Delivery Date applicable thereto. Any Common Units (or, if applicable, BHP Units) issued to a Participant hereunder will be held in an account administered by the Firm’s equity plan administrator
or such other account as the Plan Administrator may determine in its discretion. No Participant shall have any rights as an owner with respect to any Common Units (or, if applicable, BHP Units) under the Plan prior to the date on which the
Participant becomes entitled to delivery of such Common Units (or, if applicable, BHP Units) in accordance with Section 5.01. The Plan Administrator may, in its sole discretion, cause the Firm to defer the delivery of any Common Units (or, if
applicable, BHP Units, cash or other securities) pursuant to this Plan as the Plan Administrator deems necessary to ensure compliance under federal or state securities laws or to avoid adverse tax or other consequences to the Firm or the
Participant. 
 Section 5.03. Taxes and Withholding. As a condition to any payment or distribution pursuant to
this Plan, the Firm may require a Participant to pay such sum to the Firm as may be necessary to discharge the Firm’s obligations with respect to any taxes, assessments or other governmental charges, whether of the United States or any other
jurisdiction, which the Firm reasonably expects will be imposed as a result of such payment or distribution. In the discretion of the Firm, the Firm may deduct or withhold such sum from such payment or distribution (including by deduction or
withholding of Common Units (or, if applicable, BHP Units or other securities), provided that the amount the Firm deducts or withholds shall not (unless otherwise determined by the Plan Administrator) exceed the Firm’s minimum statutory
withholding obligations. Alternatively, the Firm may elect to satisfy the tax withholding obligations by advancing and remitting its own funds on behalf of the Participant to the applicable tax authorities, in which case the Participant shall be
required to repay such amounts to the Firm within 5 days of such remittance, together with interest thereon based on the Firm’s cost of funds as determined by Blackstone Treasury from time to time. As of November 5, 2009, this rate will
equal the “prime rate” (as published in the Wall Street Journal) for JPMorgan Chase (or any successor) plus 500 basis points (or a comparable rate as determined by the Partnership or such Affiliate). In the event that the Firm plans to
advance a tax withholding remittance on behalf of the Participant as described in the preceding sentence, the Firm shall provide the Participant with reasonable advance notice to permit the Participant to remit the required funds in cash to the Firm
prior to the required withholding date and thereby avoid the need to have the Firm advance its own funds to the tax authorities 

  
 7 

 Section 5.04. Liability for Payment. Each Participating Employer shall be
liable for the amount of any distribution or payment owed to a Participant pursuant to Section 5.01 who is Employed by such Participating Employer during the relevant Vesting Period; provided, however, that in the event that a Participant is
Employed by more than one Participating Employer during the relevant Vesting Period, each Participating Employer shall be liable for its allocable portion of such distribution or payment. 

ARTICLE VI. 

TERMINATION OF EMPLOYMENT; CHANGE IN CONTROL 
 Section 6.01. Termination of Employment. In the event that a Participant’s Employment with the Firm is terminated, or a Change in Control occurs, in either case prior to the Vesting
Date or Delivery Date that would otherwise apply to any of such Participant’s Bonus Deferral Units and/or Premium Units, vesting and delivery (if any) of such Deferral Units shall be governed by this Section 6.01. 

(a) Termination by the Firm For Cause. Upon termination of a Participant’s Employment by the Firm for Cause, such
Participant’s Deferral Units (vested and unvested) shall be forfeited without any payment. 
 (b) Termination by the
Firm Without Cause. Upon termination of a Participant’s Employment with the Firm without Cause, (i) such Participant’s unvested Premium Units shall be forfeited without any payment, (ii) such Participant’s unvested Bonus
Deferral Units shall continue to vest in accordance with Article IV, and shall continue to be delivered to the Participant in accordance with Article V, as though the Participant remained continuously Employed with the Firm through the end of the
Vesting Period applicable to each such Bonus Deferral Unit and (iii) such Participant’s Bonus Deferral Units and, to the extent vested, Premium Units shall continue to be delivered to the Participant in accordance with Article V;
provided that, subject to the remainder of this Section 6.01(b), if, following a termination of his or her Employment with the Firm as described in this Section 6.01(b), such Participant breaches any applicable provision of the
Employment Agreement to which the Participant is a party, such Participant’s Deferral Units which remain undelivered as of the date of such violation, as determined by the Plan Administrator in its sole discretion, will be forfeited without
payment. Notwithstanding anything to the contrary herein, following a termination of the Participant’s Employment with the Firm without Cause, the Plan Administrator, in its discretion, may elect to waive, solely for purposes of this
Section 6.01(b), any of the provisions set forth in the Employment Agreement by notifying the Participant of such waiver in writing, in which case the forfeiture provision set forth in the immediately preceding sentence shall continue to apply
in the event of any breach by the Participant of any provision of such agreement other than the provision(s) waived by the Plan Administrator in accordance with this sentence. For the avoidance of doubt, absent an election by the Plan Administrator
to waive any provision of the Employment Agreement for purposes of this Section 6.01(b) as described in the preceding sentence, following a termination of the Participant’s Employment with the Firm without Cause, the Participant shall be
bound by such provision in accordance with the terms and conditions thereof for all purposes hereunder. 

  
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 (c) Resignation. In the event that a Participant resigns from the Firm, (i) such
Participant’s unvested Premium Units shall be forfeited without any payment, (ii) such Participant’s unvested Bonus Deferral Units shall continue to vest in accordance with Article IV, and shall continue to be delivered to the
Participant in accordance with Article V, as though the Participant remained continuously Employed with the Firm through the end of the Vesting Period applicable to each such Bonus Deferral Unit and (iii) such Participant’s Bonus Deferral
Units and, to the extent vested, Premium Units shall continue to be delivered to the Participant in accordance with Article V; provided that if, following a termination of his or her Employment with the Firm as described in this
Section 6.01(c), such Participant (A) provides services for or otherwise becomes affiliated with a Competitive Business (as determined by the Plan Administrator in its sole discretion) or (B) breaches any applicable provision of the
Employment Agreement to which the Participant is a party, such Participant’s Deferral Units which remain undelivered as of the date of such action or violation (as applicable), as determined by the Plan Administrator in its sole discretion,
will be forfeited without payment. 
 (d) Retirement. In the event of a Participant’s Retirement from the Firm,
(i) fifty percent (50%) of such Participant’s then unvested Premium Units and all of such Participant’s unvested Bonus Deferral Units shall continue to vest in accordance with Article IV, and shall continue to be delivered
to the Participant in accordance with Article V, as though the Participant remained continuously Employed with the Firm through the end of the Vesting Period applicable to each such Deferral Unit and (ii) such Participant’s Bonus Deferral
Units and, to the extent vested (either prior to Retirement or after the application of clause (i) of this paragraph), Premium Units shall continue to be delivered to the Participant in accordance with Article V; provided that if,
following a termination of his or her Employment with the Firm as described in this Section 6.01(d), such Participant breaches any applicable provision of the Employment Agreement to which the Participant is a party, such Participant’s
Deferral Units which remain undelivered as of the date of such violation, as determined by the Plan Administrator in its sole discretion, will be forfeited without payment. 
 (e) Disability. In the event that a Participant’s Employment with the Firm is terminated due to the Participant’s Disability, such Participant’s Premium Units and Bonus Deferral
Units shall continue to vest in accordance with Article IV, and shall continue to be delivered to the Participant in accordance with Article V, as though the Participant remained continuously Employed with the Firm through the end of the Vesting
Period applicable to each such Deferral Unit; provided that if, following a termination of his or her Employment with the Firm as described in this Section 6.01(e), such Participant breaches any applicable provision of the Employment
Agreement to which the Participant is a party, such Participant’s Deferral Units which remain undelivered as of the date of such violation, as determined by the Plan Administrator in its sole discretion, will be forfeited without payment.

 (f) Death. In the event of a Participant’s death during his or her Employment with the Firm, or during the period
following termination of Employment in which his or her Deferral Units remain subject to vesting pursuant to this Section 6.01, such Participant’s Premium Units (if any) and any of such Participant’s Bonus Deferral Units which remain

  
 9 

 
unvested as of (and have not been forfeited prior to) the date of the Participant’s death shall immediately vest and, together with any previously vested but undelivered Deferral Units,
become deliverable to the Participant’s estate as of the date of the Participant’s death (in which case, the date of the Participant’s death shall be referred to as the “Vesting Date” for such Deferral Units).

 (g) Change in Control. Notwithstanding anything to the contrary herein, in the event of a Change in Control, such
Participant’s Premium Units and any of such Participant’s Bonus Deferral Units which remain unvested as of the date of such Change in Control shall immediately vest and become deliverable as of the date of such Change in Control (in which
case, the date of such Change in Control shall be referred to as the “Vesting Date” for such Deferral Units). 

(h) Section 409A; Separation from Service. References in this Section 6.01 to a Participant’s termination of
Employment shall refer to the date upon which the Participant has a Separation from Service. 

Section 6.02. Nontransferability. No benefit under the Plan shall be subject in any manner to alienation, sale,
transfer, assignment, pledge or encumbrance, other than by will or the laws of descent and distribution. Any attempt to violate the foregoing prohibition shall be void; provided, however, that a Participant may transfer or assign any vested interest
hereunder in connection with estate planning and administration with the express written consent of the Plan Administrator. 

ARTICLE VII. 
 ADMINISTRATION 
 Section 7.01. Plan Administrator. The
Plan shall be administered by the Plan Administrator. The Plan Administrator shall have discretionary authority to interpret the Plan, to make all legal and factual determinations and to determine all questions arising in the administration of the
Plan, including without limitation the reconciliation of any inconsistent provisions, the resolution of ambiguities, the correction of any defects, and the supplying of omissions. Each interpretation, determination or other action made or taken
pursuant to the Plan by the Plan Administrator shall be final and binding on all persons. 

Section 7.02. Indemnification. The Plan Administrator shall not be liable to any Participant for any action or
determination. The Plan Administrator shall be indemnified by the Firm against any liabilities, costs, and expenses (including, without limitation, reasonable attorneys’ fees) incurred by him or her as a result of actions taken or not taken in
connection with the Plan. 
 ARTICLE VIII. 
 AMENDMENTS AND TERMINATION 
 Section 8.01. Modification;
Termination. The Plan Administrator may alter, amend, modify, suspend or terminate the Plan at any time in its sole discretion, to the extent permitted by Section 409A of the Code. No further deferrals will occur under the Plan after the
effective date of any such suspension or termination. Following any such termination, the 

  
 10 

 
Participants’ Deferral Units will continue to vest and be delivered, or be forfeited, as otherwise provided herein. Notwithstanding the foregoing, no alteration, amendment or modification of
the Plan shall adversely affect the rights of the Participant in any amounts or units accrued by or credited to such Participant prior to such action without the Participant’s written consent unless the Plan Administrator determines, in its
sole discretion, that such alternation, modification or amendment is necessary for the Plan to comply with the requirements of Section 409A of the Code and the regulations promulgated thereunder. 

Section 8.02. Required Delay. Notwithstanding any provision to the contrary, if pursuant to the provisions of
Section 409A of the Code any distribution or payment is required to be delayed as a result of a Participant being deemed to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code, then
any such distributions or payments under the Plan shall not be made or provided prior to the earlier of (A) the expiration of the six month period measured from the date of the Participant’s Separation from Service or (B) the date of
the Participant’s death. Upon the expiration of such period, or the date of such Participant’s death, as applicable, all distributions or payments under the Plan delayed pursuant to this Section 8.02 shall be delivered or paid to the
Participant (or the Participant’s estate, as applicable) in a lump sum, and any remaining distributions or payments due under the Plan shall be paid or delivered in accordance with the normal Delivery Dates specified for such distributions or
payments herein. 
 ARTICLE IX. 
 GENERAL PROVISIONS 
 Section 9.01. Unfunded Status of the
Plan. The Plan is unfunded. A Participant’s rights under the Plan (if any) shall represent at all times an unfunded and unsecured contractual obligation of each Participating Employer that Employed Participant during the Vesting Periods and
through the Delivery Dates applicable to such Participant’s Deferral Units. Each Participant and his or her estate and/or beneficiaries (if any) will be unsecured creditors of each Participating Employer with which such Participant is or was
Employed with respect to any obligations owed to such Participant, estate and/or beneficiaries under the Plan. Amounts deliverable or payable under the Plan will be satisfied solely out of the general assets of the applicable Participating Employer
subject to the claims of its creditors. None of a Participant, his or her estate, his or her beneficiaries (if any) nor any other person shall have any right to receive any payment or distribution under the Plan except as, and to the extent,
expressly provided in the Plan. No Participating Employer will segregate any funds or assets to provide for any payment or distribution under the Plan or issue any notes or security for any such distribution or payment. Any reserve or other asset
that a Participating Employer may establish or acquire to assure itself of the funds to provide distributions or payments required under the Plan shall not serve in any way as security to any Participant or the estate or beneficiary of a Participant
for the performance of the Participating Employer under the Plan. 
 Section 9.02. No Right to Continued
Employment. Neither the Plan nor any action taken or omitted to be taken pursuant to or in connection with the Plan shall be deemed to (i) create or confer on a Participant any right to be retained in the employ of the Firm,
(ii) interfere with or to limit in any way the Firm’s right to terminate the Employment of a Participant at any time, (iii) confer on a Participant any right or entitlement to compensation in 

  
 11 

 
any specific amount for any future Fiscal Year or (iv) affect, supersede, amend or change the Employment Agreement (or any other agreement between the Participant and the Firm). In addition,
selection of an individual as a Participant for a given Fiscal Year shall not be deemed to create or confer on the Participant any right to participate in the Plan, or in any similar plan or program that may be established by the Firm, in respect of
any future Fiscal Year. 
 Section 9.03. No Unitholder or Ownership Rights Prior to Delivery of Units.
Participants shall not have voting, dividend, cash distribution or any other rights as a holder of Common Units (or, if applicable, BHP Units) until the issuance or transfer thereof to the Participant. For the avoidance of doubt, Deferral Units
(i.e., Bonus Deferral Units and/or Premium Units) represent an unfunded and unsecured right to receive Common Units (or, if applicable, BHP Units, cash or other securities) on an applicable Delivery Date and, until such Delivery Date, the
Participant shall have no ownership rights with respect to the Common Units, BHP Units, cash or other securities underlying such Deferral Units. 
 Section 9.04. Right to Offset. The Firm shall have the right to deduct from amounts owed to a Participant under the Plan the amount of any deficit, debt or other liability or obligation
of any kind which the Participant may at that time have with respect to the Firm; provided, however, that no such right to deduct or offset shall arise or otherwise be deemed to arise until the date upon which Common Units (or, if
applicable, BHP Units, cash or other securities) are deliverable or payable hereunder and any such deduction or offset shall be implemented in a manner intended to avoid subjecting the Participant to additional taxation under Section 409A of
the Code. 
 Section 9.05. Successors. The obligations of the Firm under this Plan shall be binding upon the
successors of the Firm. 
 Section 9.06. Governing Law. The Plan shall be subject to and construed in
accordance with the laws of the State of New York. 
 Section 9.07. Arbitration; Venue. Any dispute,
controversy or claim between any Participant and the Firm arising out of or concerning the provisions of this Plan shall be finally resolved in accordance with the arbitration provisions (and the jurisdiction, venue and similar provisions related
thereto) of the Employment Agreement to which such Participant is a party. 
 Section 9.08. Construction. The
headings in this Plan have been inserted for convenience of reference only and are to be ignored in any construction of any provision hereof. Use of one gender includes the other, and the singular and plural include each other. 

  
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