Document:

EX-10.24

 Exhibit 10.24 

THE TPG INC. 
 2021
OMNIBUS INCENTIVE PLAN 
 FORM OF PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT 

TPG INC. STRONGLY ENCOURAGES YOU TO SEEK THE ADVICE OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX
CONSEQUENCES. 
  

	
	 Participant:

	
	 Number of Performance Restricted Stock Units:

	
	 Grant Date:

	
	 Expiration Date:

 THIS AWARD AGREEMENT (this “Agreement”) is effective as of the Grant Date (shown
above) and evidences an Award granted by TPG Inc., a Delaware corporation (the “Company” and together with its Affiliates, “TPG”) to the Participant (shown above) pursuant to the TPG Inc. 2021 Omnibus Incentive Plan
(as amended from time to time, the “Plan”), which is incorporated in and made a part of this Agreement by reference. Capitalized terms not defined in this Agreement have the meanings set forth in the Plan. 

In consideration of the promises and the mutual covenants hereinafter set forth, the parties hereby agree as follows: 

1. Grant and Restricted Period. The Committee has determined to grant the Participant, on the terms and conditions of
this Agreement, an award (this “Award”) of performance Restricted Stock Units (the “PRSUs”) consisting of the right to receive a number of Shares determined based on achievement of performance- and service-based
vesting criteria with respect to a number of PRSUs noted as “Number of Performance Restricted Stock Units” above, and settlement in accordance with the terms and conditions of this Agreement. 

2. Vesting. The PRSUs shall be subject to service vesting and performance vesting criteria. With respect to any PRSU, the
first day following the applicable Service Vesting Date and the applicable Achievement Date (each as defined below) shall be referred to as the “Vesting Date.” 

(a) Service Vesting. Subject to the Participant continuously providing Services and complying with the terms and conditions hereof
through (and including) the applicable service vesting date, the number of PRSUs set forth opposite such service vesting date noted below (each, a “Service Vesting Date”) will vest (unless previously vested or cancelled in
accordance with the provisions of the Plan or this Agreement): 
  

			
	Service Vesting Date	  	Number of PRSUs Service Vesting on Such Date
		  	
		  	

 (b) Performance Vesting. 

(i) [•] of the PRSUs subject to this Agreement will vest with respect to the performance vesting criteria on the first day
following the date on which the 30-day trailing average trading price of a Share on Nasdaq for the preceding 30-day period equals or exceeds $[•] calculated based
on the volume weighted average trading price of a Share on Nasdaq as reported on by Nasdaq (or, if not so reported, as reported by a successor reporting service selected by the Company) (such date, the “First Achievement
Date”), provided that the First Achievement Date occurs prior to the fifth anniversary of the Grant Date; and 

(ii) [•] of the PRSUs subject to this Agreement will vest with respect to the performance vesting criteria on the first
day following the date on which the 30-day trailing average trading price of a Share on Nasdaq for the preceding 30-day period equals or exceeds $[•] calculated
based on the volume weighted average trading price of a Share on Nasdaq as reported on by Nasdaq (or, if not so reported, as reported by a successor reporting service selected by the Company) (such date, the “Second Achievement
Date,” and together with the First Achievement Date, the “Achievement Dates”), provided that the Second Achievement Date occurs prior to the eighth anniversary of the Grant Date. 

3. Termination of Services. 

(a) Except as provided in Sections 3(b) or (c), if the Participant undergoes a Termination of Services prior to the final Vesting Date, any
then-unvested PRSUs will immediately terminate and be forfeited in their entirety as of the Termination Date. Subject only to a Participant’s minimum entitlements under applicable employment or labor standards legislation, a Participant shall
not be entitled to any damages or other compensation arising from or related to the forfeiture of this Award or any payment in respect thereof. 

(b) Notwithstanding the terms of Section 3(a), if the Participant is terminated for Cause, otherwise engages in Cause or breaches the
Restrictive Covenant Agreement attached hereto as Schedule A, all unvested PRSUs, the number of Shares underlying vested PRSUs and all Dividends or Dividend Equivalents received in the two years prior to the date such activity occurred will
immediately terminate, be forfeited or be repaid (or any combination thereof) as of the date such activity occurs. In the event the Participant has sold or otherwise transferred any vested Shares that are to be forfeited pursuant to this Section,
the Participant shall pay to the Company an amount equal to the Fair Market Value of such Shares as of the date such activity occurs, as determined by the Committee in its good faith discretion. 

  
 2 

 (c) Notwithstanding any provision in this Section 3, to the extent that the Participant
is a party to an employment agreement with TPG or covered by a separation policy of TPG, the terms of such employment agreement or separation policy shall control upon the Participant’s Termination of Services to the extent such terms address
the treatment of PRSUs with respect to the Participant’s Termination of Services. 
 4. Expiration. The
Participant shall have no rights related to this Award unless the Participant executes and returns this Agreement before the close of business on the Expiration Date (shown above). The Expiration Date may be modified, in the sole discretion of the
Company, upon written request of the Participant. 
 5. Form and Timing of Payment of Vested Awards. 

(a) Settlement Date. Subject to PRSUs vesting in accordance with Section 2 and the other terms and conditions of this Agreement,
the PRSUs will be settled as soon as practicable following the applicable Vesting Date, but in no event later than March 15th of the year following the year in which the applicable Vesting Date occurs, by delivery to the Participant of payment with
respect to such PRSUs in the form of Shares. 
 (b) Withholding. Subject to the Plan, the Company may require any individual entitled
to receive a payment of an Award to remit to TPG prior to payment, an amount sufficient to satisfy any applicable federal, state, local and foreign tax withholding requirements (whether arising on the applicable Vesting Date, the settlement date or
otherwise). TPG shall also have the right to deduct from all cash payments made to a Participant (whether or not such payment is made in connection with an Award) any applicable taxes required to be withheld with respect to such Award. If so
required, no portion of this Award will be delivered to the Participant unless and until the Participant has remitted to TPG an amount sufficient to satisfy any required withholdings. Unless otherwise requested in writing at least three business
days in advance of the applicable settlement date in a manner that is not prohibited by any blackout periods under the Company’s insider trading policies, the Company shall hold back a portion of this Award otherwise deliverable to the
Participant to cover any required withholdings. If Shares are used to pay all or a portion of such withholding tax obligation, the number of Shares that may be withheld, surrendered, or reduced shall be limited to the number of Shares which have
value on the applicable Vesting Date equal to the aggregate amount of such liabilities based on the greatest statutory withholding rates applicable to the Participant for federal, state, foreign, or local tax purposes, including payroll taxes, that
may be utilized without creating adverse accounting treatment with respect to such Award, as determined by the Committee. Any fraction of a Share which would be required to satisfy such an obligation shall be rounded to the next whole Share and the
remaining amount due shall be paid in cash to the Participant. 

  
 3 

 6. Dividends and Dividend Equivalents. The Participant shall be
entitled to Dividend Equivalents in respect of the PRSUs that have not yet been settled (whether or not vested), and such Dividend Equivalents shall be paid in cash to the Participant as soon as reasonably practicable following the applicable
Vesting Date (taking into consideration relevant legal and operational considerations) with respect to the PRSUs to which the Dividend Equivalents relate. For the avoidance of doubt, the Participant shall have no right to accrued dividend
equivalents on any PRSUs if the PRSUs do not vest in accordance with Section 2 or are forfeited in accordance with Section 3. 

7. Beneficiary Designation. The Participant may, from time to time, name any beneficiary or beneficiaries (who may be
named contingently or successively) to whom any benefit under this Agreement is to be paid in case of the Participant’s death before the Participant receives any of such benefit. Each such designation shall revoke all prior designations by the
Participant, shall be in a form prescribed by the Company, and shall be effective only when delivered by the Participant in writing to the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining
unpaid at the Participant’s death shall be paid to the Participant’s executor, administrator or legal representative. 

8. No Right to Continued Employment or Further Awards. 

(a) Neither the Plan nor this Agreement shall be construed as (i) giving the Participant any right to continue in the employ of the
Company and its Affiliates or (ii) giving the Participant any right to be reemployed by the Company and its Affiliates following any termination of employment. The termination of employment provisions in this Agreement only apply to the
treatment of this Award as specified herein and shall not otherwise affect the Participant’s employment relationship. Nothing contained in this Agreement shall be deemed to constitute or create a contract of employment. 

(b) The Company has granted this Award to the Participant in its sole discretion. This Award does not form part of the Participant’s
employment contract, if any. Neither this Agreement nor the Plan confers on the Participant any right or entitlement to receive another Award, or any other similar award at any time in the future or in respect of any future period. This Award does
not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year and does not diminish in any way the Company’s discretion to determine the amount, if any, of the
Participant’s compensation. 
 9. Transferability. 

(a) This Award shall not be transferable other than by will, the laws of descent and distribution, pursuant to a domestic relations order
entered by a court of competent jurisdiction or to a Permitted Transferee for no consideration pursuant to the Plan or as permitted by the Committee. Any Award transferred shall be further transferable only by will, the laws of descent and
distribution, pursuant to a domestic relations order entered by a court of competent jurisdiction, or, for no consideration, or upon consent of the Committee. 

(b) Except as set forth in the Plan or as determined by the Committee, a Participant’s rights under the Plan shall be exercisable during
the Participant’s lifetime only by the Participant, or in the event of the Participant’s legal incapacity, the Participant’s legal guardian or representative. 

  
 4 

 10. Restrictive Covenants. The Participant expressly acknowledges and
agrees that as a condition of receiving this Award, the Participant will be bound by the Restrictive Covenants Agreement attached hereto as Schedule A, and that a breach of such agreement by the Participant may result in the Committee or TPG
terminating this Award (whether or not vested), as described above, and otherwise taking any action permitted by the Plan. TPG Global, LLC (or its applicable Affiliate), as the employer of the Participant, shall be a third-party beneficiary of this
provision and entitled to enforce its terms against such Participant as if it were a direct party to this Agreement. 
 11.
Notices. Notice under this Agreement shall be addressed to the Company in care of the Office of General Counsel at the Company’s headquarters and to the Participant at the address appearing in the records of the Company for the
Participant, or to either party at another address that the party designates in writing to the other. Notice shall be effective upon receipt. 

12. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Participant or
by the Company forthwith to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on all parties, except as otherwise permitted by applicable law. 

13. Governing Law; Arbitration. The interpretation, performance and enforcement of this Award and this Agreement shall be
governed by the laws of the State of Delaware without regard to principles of conflicts of law. To the extent any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining
provisions of this Agreement shall remain in full force and effect. The Participant expressly acknowledges and agrees that as a condition of receiving this Award, the Participant will be bound by the provisions of Section 23.26 of the Plan
regarding arbitration. 
 14. Award Subject to Plan. 

(a) This Award is granted subject to the Plan and to such rules and regulations the Committee may adopt for administration of the Plan. The
Committee is authorized to administer, construe, and make all determinations necessary or appropriate to administer the Plan and this Agreement, all of which shall be binding upon the Participant. 

(b) To the extent of any inconsistencies between the Plan and this Agreement, the Plan will govern. This Agreement and the Plan constitute the
entire agreement between the parties regarding the subject matter hereof. They supersede all other agreements, representations or understandings (whether oral or written, express or implied) that relate to the subject matter hereof. 

(c) The Committee may terminate, amend, modify or suspend the Plan and amend or modify this Agreement; provided, however, that
no termination, amendment, modification or suspension shall materially and adversely affect the Participant’s rights under this Agreement, without the Participant’s written consent. 

15. Section 409A. 

(a) This Award is intended to either (i) qualify for the short-term deferral exemption under Section 409A of the U.S. Internal
Revenue Code and the final regulations promulgated thereunder (“Section 409A”) or (ii) satisfy the requirements of Section 409A. This Agreement shall be interpreted, administered and construed in a
manner consistent with that intent. Notwithstanding the forgoing, if the Company determines that any provision of this Agreement or the Plan contravenes Section 409A or could cause the Participant to incur any tax, interest or

  
 5 

 
penalties under Section 409A, the Committee may, in its sole discretion and without the Participant’s consent, modify such provision to (x) comply with, or avoid being subject to,
Section 409A, or to avoid the incurrence of any taxes, interest and penalties under Section 409A, or (y) maintain, to the maximum extent practicable, the original intent and economic benefit to the Participant of the applicable
provision without materially increasing the cost to the Company or contravening the provisions of Section 409A. This Section 15 does not create an obligation of the Company to modify the Plan or this Agreement and does not guarantee that
the PRSUs will not be subject to taxes, interest and penalties under Section 409A. 
 (b) If a Participant is a “specified
employee” as defined under Section 409A and the Participant’s Award is to be settled on account of the Participant’s separation from service (for reasons other than death) and such Award constitutes “deferred
compensation” as defined under Section 409A, then any portion of the Participant’s Award that would otherwise be settled during the six-month period commencing on the Participant’s
separation from service shall be settled as soon as practicable following the conclusion of the six-month period (or following the Participant’s death if it occurs during such six-month period). 
 16. Recoupment. This Award shall be subject to any clawback,
recoupment or similar policy as permitted or mandated by applicable law, rules, regulations or any Company policy as enacted, adopted or modified from time to time. 

17. Electronic Delivery. The Company may, in its sole discretion, deliver any documents related to current or future
participation in the Plan by electronic means. By accepting this Award, the Participant consents to receive such documents by electronic delivery and 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. 
 18. Personal Data
Privacy. The Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant’s personal data by and among, as applicable, the Company and its Affiliates for the
exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands and acknowledges that the Company and its Affiliates may hold certain personal information about the
Participant, including, but not limited to, the Participant’s Data. The Participant understands and acknowledges that the Company and its Affiliates may transfer the Data amongst themselves as necessary to implement, administer and manage the
Participant’s participation in this Plan, and the Company and its Affiliates may transfer the Data to third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the
Participant’s country or elsewhere, and that any recipient’s country may have different data privacy laws and protections than the Participant’s country. By accepting this Award, the Participant authorizes the recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant’s participation in the Plan. Furthermore, the Participant acknowledges and understands
that the transfer of Data to the Company or to any third parties is necessary for the Participant’s participation in the Plan. The Participant may view Data, request information about the storage and processing of Data, request any corrections
to Data, or withdraw the consents herein (in any case, without cost to the Participant) by contacting
                                         in
writing. The withdrawal of any consent by the Participant may affect the Participant’s participation in the Plan. The Participant may contact
                                     for further information about
the consequences of any withdrawal of consents herein. 

  
 6 

 19. Headings. The headings of sections and subsections are included
solely for convenience of reference and shall not affect the meaning of the provisions of this Agreement. 
 20.
Successor. All obligations of the Company under the Plan and this Agreement, with respect to this Award, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect
purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company. 
 21.
Signature in Counterparts. If delivered in paper format, this Agreement may be signed in counterparts. Each counterpart shall be an original, with the same effect as if the signatures were on the same instrument. 

22. Enforceability. To the extent any provision of this Agreement is held by a court of competent jurisdiction to be
unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. 

23. Language. If the Participant has been provided with a copy of this Agreement, the Plan or any other document relating
to this Award in a language other than English, the English language shall govern in the event of any inconsistency. 
 24.
Waiver. No failure or delay by the Company to enforce any provision of this Agreement or exercise any right or remedy provided by law shall constitute a waiver of that or any other provision, right or remedy, nor shall it prevent or
restrict the further exercise of that or any other provision, right or remedy. No single or partial exercise of such provision, right or remedy shall prevent or restrict the further exercise of that or any other provision, right or remedy.

 25. Foreign Exchange Restrictions. The Participant understands and agrees that neither the Company or its Affiliates
are responsible or liable for any foreign exchange fluctuations between the Participant’s local currency (if applicable) and the United States Dollar (or the selection by the Company or a subsidiary of any applicable foreign exchange rate it
may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder or any related taxes or other amounts. 

26. Appendix. Notwithstanding anything in this Agreement to the contrary, if the Participant resides outside of the
United States, certain additional terms and conditions in the attached appendix (the “Appendix”) may apply to the Participant and this Award. If the Participant relocates from the United States to a country outside the United States
or relocates between the jurisdictions specified in the Appendix, additional terms and conditions, as applicable, may apply to the Participant, to the extent that the Committee 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. The Appendix constitutes part of this Agreement. 

  
 7 

 
			
	TPG Inc.
		
	By:	 	 
		 	Name:
		 	Title:

  

	
	Agreed and acknowledged as of the Grant Date:
	
	 
	 (Participant’s signature)

  
 8 

 Schedule A 

Restrictive Covenants Agreement 

This “Agreement” is effective as of the Grant Date set forth in the Award Agreement to which this Agreement is Schedule
A and is entered into by and between [EMPLOYER] (the “Company”), on its own behalf and on behalf of its Affiliates, together “TPG”) and the Covered Person (as defined below). Each capitalized term that is used
but not defined in this Agreement shall have the meaning ascribed to it in the TPG Inc. 2021 Omnibus Incentive Plan. 
 1. Non-Compete. The Covered Person agrees that TPG would likely suffer significant harm from the Covered Person’s competing with TPG during the period such Covered Person provides Services and for some period
of time thereafter. Accordingly, the Covered Person agrees that while he or she provides Services and during the Restricted Period for the Covered Person, the Covered Person shall not (a) associate (directly or indirectly) as an employee,
partner, officer or director (or pursuant to any other arrangement to provide services customarily performed by an employee, partner, officer or director), with any Competitor or any Competitor’s affiliates or (b) solicit, induce, persuade
or entice (by written, oral or any other means), any Portfolio Company or prospective Portfolio Company or any investor or prospective investor in any Fund or any affiliate of any of the foregoing whose identity became known to such Covered Person
in connection with such Covered Person’s provision of Services, to transact business with another Person or to reduce or refrain from doing any business with any Covered Entity, in each case unless (i) such Covered Person has advised the
Company in writing in advance of such Covered Person’s desire to undertake such activities and the specific nature of such activities and (ii) the Company, in its sole discretion, has approved in writing such activities, subject to any
reasonable conditions the Company may impose, including (x) the Company has received written assurances (that will be designed, among other things, to protect the goodwill, Confidential Information, investor and operating partner relationships
and other important commercial interests) from the Competitor and Covered Person that are, in the Company’s sole discretion, applicable and adequate to protect the interests of the Covered Entities and (y) the Covered Person and the
Competitor adhere to such assurances. 
 2. Confidentiality. The Covered Person agrees that he or she shall not at any time disclose,
without the prior written consent of the Company, any information (whether oral or written) with respect to, or any matter relating to, the Covered Entities, including trade secrets, proprietary information, and any and all reports, data,
interpretations, forecasts, records, analyses, compilations, studies, pipeline information known to such Covered Person or other documents prepared by or provided to such Covered Person in connection with such Covered Person’s provision of
Services or in connection with any existing or contemplated transaction or investment related activities of any Covered Entity (whether or not such information was prepared by or provided to such Covered Person in his or her capacity as a Covered
Person or in connection with such Covered Person’s provision of Services) and Work Product (the “Confidential Information”); provided that the Covered Person may disclose any such Confidential Information to the extent
(a) it has become generally available to the public through no breach by the Covered Person, (b) it may be required or appropriate in any report, statement or testimony submitted to any municipal, state or national (including foreign)
regulatory body having or claiming to have jurisdiction over the Covered Person, (c) it may be required or appropriate in response to any summons or subpoena 

 
or, in connection with any litigation or (d) it may be required in order to comply with any law, order, regulation or ruling applicable to the Covered Person; and provided further that, in
each case of potential disclosure under clauses (b) through (d), the Covered Person agrees to provide the Company with prompt written notice of such potential disclosure so that it may seek an appropriate protective order or other appropriate
remedy. Notwithstanding anything herein to the contrary, nothing in this Agreement shall (i) prohibit the Covered Person from making reports of possible violations of federal law or regulation to any governmental agency or entity in accordance
with the provisions of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or of any other whistleblower protection provisions of state or federal law or
regulation, or (ii) require the Covered Person to comply with the notification requirement in the preceding sentence with respect to any such reporting. In making any such report, however, the Covered Person is not authorized to disclose
communications with counsel that were made for the purpose of receiving legal advice, that contain legal advice or that are protected by the attorney work product or similar privilege. Furthermore, the Covered Person shall not be held criminally or
civilly liable under any federal or state trade secret law for disclosing a trade secret (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, in each case, solely for the purpose
of reporting or investigating a suspected violation of law or (B) in a complaint or other document filed under seal in a lawsuit or proceeding. Notwithstanding this immunity from liability, the Covered Person acknowledges that the Covered
Person may be held liable if he unlawfully accesses trade secrets by unauthorized means. The confidentiality provisions of this Agreement shall survive as to any Covered Person withdrawing or otherwise removed from the Company. 

3. Employee Non-Solicitation. While the Covered Person provides Services and for the Non-Solicitation Period, the Covered Person shall not (whether on the Covered Person’s own behalf or on behalf of any other person, whether directly or indirectly and whether or not for compensation) solicit
for employment, hire or engage (or endeavor to solicit for employment, hire or engage) any person who is or was (as applicable) an employee, partner or consultant of a Covered Entity at the time of such solicitation for employment, hiring or
engagement or at any time during the six months immediately prior to such solicitation for employment, hiring or engagement. 
 4. Non-Disparagement. The Covered Person shall not at any time make negative, derogatory or disparaging comments regarding any Covered Entity or any of their respective businesses, current or former equity holders,
directors, officers, employees, agents, clients, investors or any other person affiliated with them, whether individually or in their official capacities. The Covered Person shall not engage in any conduct or communications with the intent or that
has the effect of disparaging any Covered Entity or any of their respective businesses, current or former equity holders, directors, officers, employees, agents, clients, investors or any other person affiliated with them, whether individually or in
their official capacities. 
 5. Work Product is Property of TPG. In consideration of the promises and undertakings of TPG in this
Agreement, the Covered Person agrees that all Work Product of the Covered Person shall be the sole and exclusive property of the Company (or other applicable Covered Entity as the Company may agree), and is hereby irrevocably assigned to the Company
or its designee, regardless of whether (a) such Work Product was conceived, made, developed or worked on during regular hours of the Covered Person’s provision of Services or during time away

  
 2 

 
from any such provision of Services, (b) the Work Product was made at the suggestion of a Covered Entity, or (c) the Work Product was reduced to drawing, written description,
documentation, models or other tangible form. Without limiting the foregoing, the Covered Person acknowledges that all original works of authorship that are made by the Covered Person, solely or jointly with others, within the scope of the Covered
Person’s Services, if any, and that are protectable by copyright law are “works made for hire,” as that term is defined in the U.S. Copyright Act (17 U.S.C., Section 101), and are therefore owned by the Company, from the time of
creation. The Covered Person agrees to, and does hereby, transfer, and set over, to the Company or its designee, all of his or her rights, title and interests throughout the world in and to all Work Product, without the necessity of any further
compensation, and agrees that the Company is entitled to obtain and hold in its own name all patents, copyrights and other rights in respect of all Work Product. The Covered Person agrees to (i) cooperate with the Company, both while a Covered
Person and thereafter, in obtaining patents or copyrights or other intellectual property protection for all Work Product; (i) execute, acknowledge, seal and deliver all documents tendered by the Company to evidence its ownership thereof
throughout the world; and (iii) cooperate with the Company in obtaining, defending and enforcing its rights therein. The Covered Person represents that there are no other contracts to assign inventions or other intellectual property that are
now in existence between the Covered Person and any other person (other than the Company). In addition, the Covered Person shall not be entitled to disclose, and use for his or her benefit, information regarding the track record of investment
transactions with respect to any Covered Entity. Nothing set forth herein shall limit in any way the rights of the Company or its designee to the investment track record of the Covered Entities. “Work Product” shall include all
ideas, works of authorship, inventions, business methods and other creations, whether or not patentable, copyrightable or subject to other intellectual property protection, that are made, conceived, developed or worked on in whole or in part by the
Covered Person, whether alone or with others that relate in any manner whatsoever to the business, existing or anticipated, of the Covered Entities or any other business or research or development effort in which any Covered Entity engages. Work
Product includes any material previously conceived, made, developed or worked on prior to the date of the Covered Person’s admission to the Company, including, for the avoidance of doubt, any material previously conceived, made, developed or
worked on while the Covered Person provided Services prior to the date of the Covered Person’s admission to the Company. 
 6. Non-Publicity. The Covered Person agrees that while providing Services and following termination, except in the course of the performance of the Covered Person’s duties and responsibilities, the Covered
Person shall not prepare or assist any person or entity in the preparation of any books, articles, radio broadcasts, electronic communications, television or motion picture productions or other creations, concerning any Covered Entity or any of
their respective businesses, current or former equity holders, directors, officers, employees, agents, clients, investors or any other person affiliated with them. 

7. Scope. The Covered Person acknowledges that he or she has carefully read and considered all the terms and conditions of this
Agreement, including the restraints imposed upon him or her pursuant to this Agreement. The Covered Person agrees that said restraints are necessary for the reasonable and proper protection of TPG, and that each and every one of the restraints is
reasonable in respect to subject matter, length of time and geographic area. 

  
 3 

 8. Limitations. If the provisions of this Agreement are ever deemed by a court to
exceed the limitations permitted by applicable law, the Covered Person and TPG agree that such provisions shall be, and are, automatically reformed to the maximum limitations permitted by such law. The provisions of this Agreement are severable, and
no breach of any provision of this Agreement, or any other claimed breach of contract or violation of law, shall operate to excuse the Covered Person’s obligation to fulfill the requirements of this paragraph 8. 

9. Injunctive Relief. It is impossible to measure in money the damages that will accrue to TPG if the Covered Person breaches any of
the covenants provided in this Agreement. If the Covered Person breaches any such covenant, TPG shall be entitled to an injunction restraining the Covered Person from violating such covenant (without posting any bond). If TPG shall institute any
action or proceeding to enforce any such covenant, the Covered Person hereby waives the claim or defense that TPG has an adequate remedy at law and agrees not to assert in any such action or proceeding with the claim or defense that TPG has an
adequate remedy at law. The foregoing shall not prejudice TPG’s right to require the Covered Person to account for and pay over to TPG, and the Covered Person hereby agrees to account for and pay over to TPG, the compensation, profits, monies,
accruals or other benefits derived or received by the Covered Person as a result of any transaction constituting a breach of any of the covenants provided in this Agreement. 

10. Attorneys’ Fees. If a Covered Person breaches any of the covenants provided in this Agreement, TPG shall be entitled to
recover from the Covered Person all expenses, including attorneys’ fees, incurred by TPG in enforcing such covenants. 
 11.
Governing Law; Submission to Jurisdiction. Notwithstanding any provision in the Award Agreement to the contrary, the Covered Person’s covenants, restrictions and representations set forth in this Schedule A shall be construed
according to the laws of the State of New York without regard to its conflict of laws principles that would result in the application of the laws of another jurisdiction. With respect to any claim or dispute related to or arising under the terms of
this Schedule A, the parties hereby consent to the jurisdiction, forum and venue of the state and federal courts located in New York, New York; provided, however, that the parties acknowledge and agree that each member of TPG shall also be
entitled to enforce the terms of this Schedule A in any other court of competent jurisdiction. 
 12. Definitions. 

“Competitor” shall mean any business that materially competes, during the period of time that the Covered Person is providing
Services, with the Company Group, including any business that any of member of the Company Group is actively considering conducting at the time of the Covered Person’s Termination Date, so long as the Covered Person knows or reasonably should
have known about such plans, in any geographical or market area where any member of the Company Group provides, or is actively considering providing, products or services; provided that, notwithstanding anything herein to the contrary, no Portfolio
Company shall be considered a “Competitor” and each of [             ] shall be considered a “Competitor.” 

“Covered Entity” shall mean all members of the Company Group, any Portfolio Company, any Fund and any Affiliates of the
foregoing. 

  
 4 

 “Covered Person” shall mean the Participant designated on the Award
Agreement to which this Agreement is Schedule A. 
 “Fund” shall mean any fund, pooling vehicle or separate account
that is managed or established by any member of the Company Group (whether individually or together with any other Person). 
 “Non-Solicitation Period” shall mean, with respect to the Covered Person, the period commencing on the date on which the Covered Person’s Services are terminated and ending on the date that is
[            ] months following the date on which the Covered Person’s Services are terminated. 

“Portfolio Company” shall mean any Person (that is not a member of the Company Group or a Fund) in which any member of the
Company Group or a Fund has an investment or holds an interest, whether direct or indirect. 
 “Restricted Period” shall
mean, with respect to a Covered Person, the period commencing on the Termination Date and ending on the date that is the number of months following the Termination Date, determined by reference to the following table (based on whether such Covered
Person was a TPG Partner, a TPG Specified Person or otherwise as of the Termination Date and whether such Covered Person was a Type 1 Leaver or a Type 2 Leaver): 
  

					
	 	  	 Type 1 Leaver
	  	 Type 2 Leaver

	 TPG Partner
	  	[                ]	  	[                ]
	 TPG Specified Person
	  	[                ]	  	[                ]
	 Other
	  	[                ]	  	[                ]

 “Services” shall mean the performance of services by an individual as an employee or other
service provider to TPG. 
 “Solicit for Employment” shall mean, with respect to any Person, to solicit, induce, persuade
or entice (by written, oral or any other means) a second Person to (a) reduce, impair or terminate their employment, consulting or similar relationship with a third Person or (b) enter into an employment, consulting or similar relationship
with the first Person. “Solicitation for Employment” shall have a corresponding meaning. 
 “TPG Partner”
shall mean, as of any date of determination, any Covered Person who, as of such date of determination, is a “firm partner” or equivalent title of the Company Group. 

“TPG Specified Person” shall mean, as of any date of determination, any Covered Person who, as of such date of determination,
is (i) a “principal” or equivalent or higher title of the Company Group and (ii) not a TPG Partner. Equivalent or higher titles to “principal” shall be those reasonably determined by the Company. 

“Type 1 Leaver” shall mean any Covered Person whose Services were terminated by a member of the Company Group for any reason
other than for Cause. 

  
 5 

 “Type 2 Leaver” shall mean any Covered Person whose Services were
terminated by such Covered Person for any reason (including resignation or retirement) or by a member of the Company Group for Cause or conduct constituting Cause. In addition, any Covered Person whose Services are terminated that is not a Type 1
Leaver shall be deemed to be a Type 2 Leaver. 
 [Remainder of the page intentionally left blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, effective as set forth above.

  

			
	TPG Global, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

	
	Agreed and acknowledged as of the Grant Date:
	
	   

	(Participant’s signature)

  
 7 

 APPENDIX 

COUNTRY SPECIFIC NOTICES, TERMS AND CONDITIONS 

The following country-specific notices, disclaimers, and terms and conditions apply to grantees in the countries listed below and may be material to the
Participant’s participation in the Plan. Such information may apply if the Participant resides or works in, moves to or otherwise becomes subject to the laws or Company policies of, a particular country while holding Awards received under the
Plan. In any such case, the Company may also withhold or account for tax or related liabilities in more than one jurisdiction. The Participant is solely responsible for any obligations outlined below. As local laws are often complex and change
frequently and the information provided is general in nature and may not apply to the Participant’s specific situation, the Company cannot assure the Participant of any particular result, and the Participant should seek his or her own
professional legal and tax advice. 
 [Country]    [Country-Specific Information]EX-10.25

 Exhibit 10.25 

FORM OF COUNTERPART SIGNATURE PAGE TO THE 

SEVENTH AMENDED AND RESTATED 

LIMITED PARTNERSHIP AGREEMENT OF 

TPG PARTNER HOLDINGS, L.P. 
 Covenant 

By its signature below, the undersigned (the “Limited Partner”) hereby (i) acknowledges receipt of the Seventh Amended
and Restated Limited Partnership Agreement (the “Agreement”) of TPG Partner Holdings, L.P. (the “Partnership”), (ii) agrees that it shall be bound by each and every term and provision of the Agreement as the same
may be duly amended from time to time in accordance with the provisions thereof (including those excerpted on Exhibit B hereto) and (iii) confirms in all respects each representation, warranty and covenant set forth in the Agreement.
Exhibit A hereto summarizes the Limited Partner’s expected interest in the Partnership as of as of the initial public offering of TPG Partners, LLC (to be converted and renamed to TPG, Inc.). If the Limited Partner is an Estate Planning
Entity (as defined in the Agreement), by signing this Agreement the undersigned Related Partner (as defined in the Agreement) hereby represents, warrants and covenants to the Partnership that he or she will be subject to the obligations of the
Agreement as if he or she were a direct Limited Partner of the Partnership. 
 Executed and delivered as a deed on the date set forth below.

  

			
		  	LIMITED PARTNER
		
	If the Limited Partner is a natural person:	  	Signature:                                    
                
		
		  	 Printed Name:

Date:                         
                           

		
	If the Limited Partner is an Estate Planning Entity*:	  	Name of Limited Partner:
		
		  	 By: ______________________________________

Name: ________________________________

Title: _________________________________

Date: _________________________________

Related Partner:
 Signature:
_________________________________
 Printed Name:

  

	*	 If the Limited Partner is an Estate Planning Entity, this signature page must be signed by both the Limited
Partner and the Related Partner. 

 EXHIBIT A 

Limited Partner: 
 Related Person:

  

											
	 Vesting:
	  	 TPG Partner Units
	  	 	  	
Total TPG Partner Units:

	  	 TPG IV Units
	  	 Legacy TPG Partner Units
	  	
TPG Partner Units (Non-Legacy)
	  	 Promote Units

	 Vested
 12/31/2021

1/1/2022
 12/31/2022

12/31/2023
 12/31/2024

12/31/2025
 12/31/2026

12/31/2027
 12/31/2028
	  		  		  		  		  	
	Total:	  		  		  		  		  	

 Legacy Assets/Liabilities “memorandum account”: US$[•] 

 EXHIBIT B 

Excerpt of certain provisions from the Limited Partnership Agreement of the Seventh Amended and Restated Limited Partnership Agreement of TPG Partner
Holdings, L.P. 
 Section 1.01.    Certain Definitions. As used in this Agreement, the following terms shall have the
following meanings:“Active Partner” shall mean a Limited Partner actively providing Services on a substantially full time basis (or as otherwise agreed by the General Partner), either directly or indirectly through its
Related Partner (and who is in “good standing” and with respect to whom, no separation or termination notice has been given or received), as determined by the General Partner (in accordance with the ControlCo LLCA) in its reasonable
discretion. 
 “Breach” shall have the meaning set forth in Section 9.02. 

“Breach Date” shall mean, with respect to a Breach, the date of such Breach. 

“Cause” with respect to a Limited Partner, shall mean, unless otherwise provided in such Partner’s Contribution
Agreement, Grant Agreement or employment agreement, (i) the indictment of the Limited Partner for a felony or other crime involving moral turpitude or (ii) in the reasonable determination of the General Partner, (w) a breach by the
Limited Partner of the terms of this Agreement, including the restrictive covenants contained in Section 9.01, or the terms of any Contribution Agreement or Grant Agreement to which the Limited Partner is a party;
(x) the refusal of such Limited Partner to perform the duties reasonably assigned to the Limited Partner in the course of the Limited Partner’s Services (other than as a result of death or Disability); (y) any misconduct, fraud,
embezzlement, theft or misappropriation, whether or not in connection with the Limited Partner’s Services; or (z) gross negligence in connection with the Limited Partner’s Services, in each case as determined by the General Partner in
good faith. For purposes of determining Cause, all references to a Limited Partner shall be deemed to all include references to such Limited Partner’s Related Partner, as applicable. 

“Charitable Organization” shall mean any charitable organization or foundation and any corporation, partnership, limited
liability company or other entity that is wholly-owned and controlled, directly or indirectly, by any such charitable organization or foundation. 

“Closing Date” shall mean the effective date of this Agreement. 

“Competitor” shall have the meaning set forth in Section 9.01(a). 

“Confidential Information” shall have the meaning set forth in Section 9.01(c). 

“Constructive Departure” shall mean, with respect to any Limited Partner, (i) material and sustained dereliction of
duties of such Limited Partner or (ii) other egregious conduct of such Limited Partner that would customarily result in termination of an employee, in each case as reasonably determined by the General Partner. 

  
 B-1 

 “ControlCo LLCA” shall mean the limited liability company agreement of TPG
GP A, LLC. 
 “Disability” shall mean, as determined by the General Partner in good faith and in accordance with the
ControlCo LLCA, the inability of the Limited Partner, due to disability or incapacity, to perform the Services on a full-time basis for (i) periods aggregating to one-hundred-eighty (180) days,
whether or not continuous, in any continuous period of three-hundred-sixty-five (365) days or (ii) periods greater than ninety (90) consecutive days, where the Limited Partner’s absence is adversely affecting the performance of
the Partnership or any of its Affiliates in a significant manner and, following the conclusion of such 180- or 90-day period, as applicable, the Limited Partner is
unable to resume his or her duties and responsibilities on a full-time basis within thirty (30) days of the Limited Partner’s receipt of written notice from the General Partner of such determination. For purposes of determining Disability,
all references to a Limited Partner shall be deemed to also include references to such Limited Partner’s Related Partner, as applicable. 

“Estate Planning Entity” shall mean, with respect to any partner or professional associated with or formerly associated with
any of the Businesses, (i) any trust, the beneficiaries of which are primarily such partner or professional or any member of his or her Immediate Family, (ii) any Charitable Organization or (iii) any corporation, partnership, limited
liability company or other entity that is primarily owned and controlled, directly or indirectly, by such partner or professional, any member of such partner’s or professional’s Immediate Family and/or any of the Persons described in
clause (i). 
 “Exchange” has the meaning set forth in the Exchange Agreement. 

“Exchange Agreement” shall mean that certain Exchange Agreement dated on or about the date hereof, by and among the
Partnership, PubCo, TPG OpCo Holdings, L.P., a Delaware limited partnership, the TPG Operating Group and the other parties named therein. 

“Grant Agreement” shall mean, with respect to TPG Partner Units that were exchanged pursuant to
Section 4.01 for Shares granted to a Limited Partner pursuant to Section 4.01 of the Existing Agreement, any agreement between the Partnership and such Limited Partner pursuant to which the
Partnership made such original grant of Shares to such Limited Partner. 
 “Immediate Family” shall mean, with respect to
any person, collectively, his or her parents, brothers, sisters, spouse, former spouses, civil union partner, former civil union partners and lineal descendants (and the estates, guardians, custodians or other legal representatives of any of the
foregoing). 
 “Legacy Asset/Liability” shall mean (without duplication) (i) any cash (other than cash distributable
pursuant to Section 6.01(h)) that is (A) held by the Partnership on the Closing Date, (B) contributed to the Partnership in respect of a so-called “deferred contribution share” after
the Closing Date, (C) retained by the Partnership in order to satisfy a deferred contribution obligation with respect to a so-called “deferred contribution share” or (D) attributable to
earnings on amounts described in this clause (i), (ii) any Tail Share 

  
 B-2 

 
Payments, (iii) any payments of principal, interest or other amounts in respect of any indebtedness of the Partnership or RemainCo (including pursuant to any guarantee or co-borrower arrangement) outstanding on the Closing Date (or other indebtedness of the Partnership to the extent such other indebtedness is used to refinance such indebtedness) and (iv) any other item
identified by the General Partner in good faith as appropriately treated as a Legacy Asset/Liability. 
 “Legacy TPG Partner
Unit” shall mean a TPG Partner Unit identified as such on the signature pages hereto. 
 “Limited Partner” shall
mean, until such Person ceases to be a Partner of the Partnership in accordance with the terms and conditions of this Agreement, a limited partner of the Partnership as of the date hereof (which Persons are listed as “Limited Partners” in
the books and records of the Partnership) and any Person admitted thereafter as a limited partner of the Partnership in accordance with the terms and conditions of this Agreement. Where appropriate, all references to a Limited Partner that is not a
natural person shall also include references to such Limited Partner’s Related Partner. 

“Non-Solicitation Period” shall mean, with respect to a Limited Partner, the period
beginning on the date of commencement of the Services Period and ending on the date that is eighteen (18) months following such Limited Partner’s Separation Date. 

“Partner” shall mean each Person admitted to the Partnership as a Partner, including the General Partner and each Limited
Partner, until such Person ceases to be a partner of the Partnership in accordance with the provisions of this Agreement. 

“PubCo” means TPG Inc., a Delaware corporation. 

“Related Partner” shall mean, with respect to a Limited Partner that is an Estate Planning Entity or member of the Immediate
Family of a natural person who provides, or has provided, Services, such natural person. 
 “Restricted Period” shall mean,
with respect to a Limited Partner and notwithstanding anything to the contrary in this Agreement, the period commencing on such Limited Partner’s Separation Date and ending on the date that is the number of months following such Limited
Partner’s Separation Date determined by reference to the following table (based on whether such Limited Partner was a Type 1 Leaver or a Type 2 Leaver): 
  

			
	 Leaver Type
	  	Months
	 Type 1 Leaver
	  	6 months
	 Type 2 Leaver
	  	18 months

 “Separation Date” shall mean, in each case, as determined by the General Partner in its
reasonable discretion (in accordance with the ControlCo LLCA), (i) where Services cease by virtue of notice given to the Limited Partner, the date specified in such notice; (ii) where Services cease by virtue of the Limited Partner’s
death, the date of death or certification of such death if the date of death is unknown; and (iii) in any other case, the date upon which Services cease. For the avoidance of doubt, with respect to any Limited Partner who is not a natural
person, such Limited Partner’s Separation Date shall be determined in reference to the Services of its Related Partner. 

  
 B-3 

 “Services” shall mean the performance of services by an individual as an
employee to or for the benefit of TPG including through services provided to any of TPG’s Affiliates. With respect to any Limited Partner that is a not a natural person, Services of such Limited Partner’s Related Partner will be deemed to
be the Services of such Limited Partner for all purposes under this Agreement. 
 “Services Period” shall mean the period
during which a Limited Partner is providing Services. 
 “Solicit for Employment” shall mean, with respect to any Person,
to solicit, induce, persuade or entice (by written, oral or any other means) a second Person to (a) reduce, impair or terminate their employment, consulting or similar relationship with a third Person or (b) enter into an employment,
consulting or similar relationship with the first Person. “Solicitation for Employment” shall have a corresponding meaning. 

“TPG Operating Group” shall mean, collectively, TPG Operating Group I, L.P., TPG Operating Group II, L.P. and TPG Operating
Group III, L.P. 
 “TPG Partner Unit” shall mean a limited partnership interest in the Partnership designated as a TPG
Partner Unit with the rights and privileges set forth herein. 
 “Type 1 Leaver” shall mean any Limited Partner whose
Services were terminated by the General Partner or its Affiliates for any reason, other than for Cause or as a result of Constructive Departure. 

“Type 2 Leaver” shall mean any Limited Partner whose Services were terminated by such Limited Partner for any reason
(including resignation or retirement) or by the General Partner for Cause or as a result of Constructive Departure. In addition, any Limited Partner whose Services are terminated that is not a Type 1 Leaver shall be deemed to be a Type 2 Leaver.

 “Vesting Schedule” shall mean, with respect to any TPG Partner Units not subject to a Contribution Agreement or Grant
Agreement, the vesting schedule set forth on the signature page of the applicable Limited Partner hereto; provided that the vesting of any TPG Partner Unit shall be subject to the terms and conditions of this Agreement.

 Section 4.04. Vesting of TPG Partner Units. All TPG Partner Units exchanged for Shares (pursuant to
Section 4.01(a)) that are fully vested as of the Closing Date, shall remain fully vested from and after the Closing Date. All other TPG Partner Units shall vest as follows: (i) in the case of TPG Partner Units issued
in exchange for Shares (pursuant to Section 4.01(a)) that were issued pursuant to a Grant Agreement and/or Contribution Agreement and which were not fully vested as of the Closing Date, such TPG Partner Units shall vest in
accordance with such Grant Agreement and/or Contribution Agreement, if any, (ii) in the case of TPG Partner Units not subject to a Grant Agreement and/or Contribution Agreement, such TPG Partner Units shall vest in accordance with the Vesting
Schedule and (iii) in the case of TPG Partner Units re-allocated pursuant to Section 8.01(d), such TPG Partner Units shall vest in accordance with the terms determined by the
General Partner. 

  
 B-4 

 Section 8.01. Forfeiture of Unvested Units Upon Separation from Service. 

(a) Except (i) as otherwise expressly provided for in any applicable Contribution Agreement(s), Grant Agreement(s) and/or
employment agreements or (ii) as otherwise determined by the General Partner in its reasonable discretion (in accordance with the ControlCo LLCA), in the event a Limited Partner’s Services are terminated for any reason or without reason,
all unvested TPG Partner Units held by such Limited Partner as of such Limited Partner’s Separation Date shall be immediately and automatically forfeited as of such Limited Partner’s Separation Date and such Limited Partner shall no longer
have any rights with respect thereto (including any rights to distributions pursuant to Article VI); provided, however, that, if a Limited Partner’s Services are terminated for any reason other than Cause, such Limited
Partner shall be entitled to receive from the Partnership an amount (which such amount may be equal to, but in no event shall be less than, zero) in respect of all forfeited Units (or Shares subsequently exchanged for such TPG Partner Units) that
are or were subject to a so-called “deferred contribution obligation”, equal to the lesser of (i) the amounts contributed by such Limited Partner in respect of
so-called ‘deferred contribution shares’, if any, less any distributions received by such Limited Partner in respect of all such forfeited ‘deferred contribution shares’ pursuant to
Section 6.01(b) and (ii) the Book Value of all such forfeited Units as of such Limited Partner’s Separation Date. In the event that a cash distribution is made to the holder of a TPG Partner Unit pursuant to the
preceding sentence, following the reallocation of such forfeited TPG Partner Unit, the distributions made in respect of such forfeited TPG Partner Unit shall be reduced until the total reduction equals the amount of such first cash distribution.

 (b) No Limited Partner shall be required to repay to the Partnership any distributions made, in accordance with
Section 6.01(b), to such Limited Partner in respect of such unvested TPG Partner Units (or unvested Shares) at any time prior to such Limited Partner’s Separation Date. 

(c) Notwithstanding anything in Section 8.01(a) to the contrary, in the event a Limited
Partner’s Services are terminated by reason of such Limited Partner’s death or Disability, any outstanding unvested TPG Partner Units held by such Limited Partner as of its Separation Date that would have vested within the period
commencing on such Limited Partner’s Separation Date and ending on the second anniversary thereof had such Limited Partner continued to provide Services for such period shall immediately vest as of such Limited Partner’s Separation Date.

  
 B-5 

 (d) The General Partner shall
re-allocate or re-grant any TPG Partner Units forfeited pursuant to this Section 8.01, Section 9.02 or pursuant to
the terms of the applicable Contribution Agreement or Grant Agreement to each Active Partner pro rata in accordance with such Active Partners’ respective TPG Partner Units as of the Closing Date (including any TPG Partner Units
redeemed on the Closing Date for TPG Operating Group Common Units); provided that (i) if the TPG Operating Common Units underlying such TPG Partner Units are forfeited, such corresponding TPG Partner Units shall not be re-allocated or re-granted, and instead shall be cancelled and (ii) subject to the preceding sub-clause (i), any TPG
Partner Units held by a TPEP firm partner (excluding Legacy TPG Partner Units) shall be re-allocated or re-granted among the remaining TPEP firm partners that are Active
Partners pro rata in accordance with such Active Partners’ respective TPG Partner Units (excluding Legacy TPG Partner Units) as of the Closing Date. Any re-allocated or re-granted TPG Partner Units shall be subject to vesting as determined by the General Partner. Any amount paid to the holder of a forfeited TPG Partner Unit pursuant to Section 8.01 shall
reduce the distribution made in respect of the corresponding TPG Partner Unit that is re-allocated pursuant to this Section 8.01(d). The Capital Account associated with any forfeited
TPG Partner Unit (as determined by the General Partner) shall be reallocated to the recipients of the corresponding TPG Partner Unit. 

(e) Forfeiture of Certain Vested Units. Except as otherwise determined by the General Partner in its reasonable
discretion (in accordance with the ControlCo LLCA), in the event a Limited Partner’s Services are terminated for Cause (or such Limited Partner otherwise engaged in conduct constituting Cause (other than Breach)), all vested TPG Partner Units
(excluding Legacy TPG Partner Units) held by such Limited Partner as of such Limited Partner’s Separation Date that vested in the two (2) years prior to such Limited Partner’s Separation Date shall be immediately and automatically
forfeited as of such Limited Partner’s Separation Date and such Limited Partner shall no longer have any rights with respect thereto (including any rights to distributions pursuant to Article VI); provided that, if such Limited
Partner has Exchanged any such vested TPG Partner Units that, absent such Exchange, would have been so forfeited, such Limited Partner shall be required to pay to the Partnership an amount equal to the fair market value of such Exchanged vested TPG
Partner Units as of the Separation Date. 
 Section 9.01. Restrictive Covenants. Notwithstanding anything to the contrary in
this Agreement, the following restrictive covenants shall apply to each Limited Partner unless and to the extent expressly superseded by restrictive covenants set forth in such Partner’s Contribution Agreements, Grant Agreements or employment
agreement: 
 (a) Non-Compete. Each Limited Partner agrees that the Businesses
and their Affiliates would likely suffer significant harm from any Limited Partner’s competing with the Businesses during the Services Period and for some period of time thereafter. Accordingly, each Limited Partner agrees that while such
Limited Partner provides Services and during the Restricted Period for such Limited Partner, such Limited Partner will not (i) associate (directly or indirectly) as an employee, officer, director (or pursuant to any other arrangement that
enables such Limited Partner to provide services customarily performed by an employee, officer or director), with any Competitor or any Competitor’s Affiliates or (ii) solicit, induce, persuade or entice an investment by (x) any
Limited Partner or Former Partner who is a Limited Partner or Former Partner as of such Limited Partner’s Separation Date or (y) any limited partner or member of, or investor in, any of the Funds who is a limited partner, or member of, or
investor in, any of the Funds as of such Limited Partner’s 

  
 B-6 

 
Separation Date, in each case unless (A) such Limited Partner has advised the General Partner in writing in advance of such Limited Partner’s desire to undertake such activities and the
specific nature of such activities and (B) the General Partner, in its sole discretion (in accordance with the ControlCo LLCA, including upon the instructions of PubCo), has approved in writing such activities, subject to any reasonable
conditions the General Partner may impose, including (1) the General Partner has received written assurances (that will be designed, among other things, to protect the goodwill, Confidential Information, investor and operating partner
relationships and other important commercial interests of the Partnership, the Businesses, the Funds, any Portfolio Company and any Affiliate of the foregoing) from the Competitor and the Limited Partner that are, in General Partner’s sole
discretion (in accordance with the ControlCo LLCA), applicable and adequate to protect the interests of the Partnership, the Businesses, the Funds, any Portfolio Company and any Affiliate of the foregoing and (2) the Limited Partner and the
Competitor adhere to such assurances. The restriction described in the foregoing clause (i) extends to the performance by the Limited Partner (directly or indirectly) of the same or similar activities the Limited Partner
has performed for the Businesses and any of its Affiliates or such other activities that by their nature are likely to lead to the disclosure of Confidential Information. Subject to any policies of the Businesses and its Affiliates regarding pre-clearance of trades, a Limited Partner shall not be in violation of this Section 9.01(a) solely as a result of such Limited Partner’s investment in stock or other securities of a
Competitor or any of its Affiliates listed on a national securities exchange or actively traded in the over-the-counter market if the Limited Partner and, to the extent
the Limited Partner is an individual, the members of the Limited Partner’s Immediate Family or any Estate Planning Entity of such Limited Partner do not (directly or indirectly) hold, in the aggregate, more than a total of five percent (5%) of
all such shares of stock or other securities of such Competitor issued and outstanding. The Limited Partner acknowledges and agrees that engaging in the activities restricted by this Section 9.01(a) would result in the
inevitable disclosure or use of Confidential Information for the Competitor’s benefit or to the detriment of the Businesses and its Affiliates. For purposes of this Agreement, “Competitor” means, with respect to any Limited
Partner, any business that materially competes, during the Services Period of such Limited Partner, with any of the Businesses or any of their Affiliates, including any business that any of the Businesses or any of their Affiliates are actively
considering conducting at the time of the Limited Partner’s Separation Date, so long as the Limited Partner knows or reasonably should have known about such plans, in any geographical or market area where any of the Businesses or any of their
Affiliates provide, or are actively considering providing, products or services; provided that, notwithstanding anything herein to the contrary, no Portfolio Company shall be considered a “Competitor”. 

(b) Non-Solicitation. While a Limited Partner provides Services and during the Non-Solicitation Period for such Limited Partner, such Limited Partner agrees not to (whether on such Limited Partner’s own behalf or on behalf of any other Person, whether directly or indirectly and whether or
not for compensation) Solicit for Employment, hire or engage (or endeavor to Solicit for Employment, hire or engage) any Person who is or was (as applicable) a Limited Partner or an employee or consultant of the Partnership, the Businesses, any
Fund, any Portfolio Company or any Affiliate of the foregoing at the time of such Solicitation for Employment, hiring or engagement or at any time during the six (6) months immediately prior to such Solicitation for Employment, hiring or
engagement. If a Limited Partner is subject to more stringent limitations pertaining to solicitations in any other agreement entered into prior to the Closing Date than the limitations set forth in this Section 9.01(b), then such other
limitations shall be deemed to conform to the limitations set forth in this Section 9.01(b). 
  

  
 B-7 

 (c) Confidentiality. Each Limited Partner agrees, and shall cause its
respective directors, officers, employees, agents and advisors (including attorneys, accountants and financial advisors) (“Representatives”), to keep confidential non-public or proprietary
information, concerning the business, assets and finances of the Partnership, the Businesses, the Funds, any Portfolio Company or any Affiliate of the foregoing, in each case, regardless of form in which furnished and whether furnished to such
Limited Partner prior to, on or after the date hereof, and regardless of the source or form of such information or document (the “Confidential Information”); provided, however, that disclosure of the Confidential
Information may be made (i) with the Consent of the General Partner, (ii) to Affiliates and Representatives of such Limited Partner who need to know such Confidential Information in connection with the transactions contemplated hereby and
who either agree in writing to keep such Confidential Information confidential or are otherwise legally obligated to maintain such Confidential Information as confidential, (iii) to the extent necessary in order to allow a Limited Partner to
perform such Limited Partner’s Services, or (iv) to the extent required by law or pursuant to a request by a Governmental Entity; provided that in the event of a requirement or request described in clause (iv), such Person
shall (A) promptly notify the General Partner of the existence, terms and circumstances surrounding such a requirement or request, (B) consult with the General Partner on the advisability of taking steps to resist or narrow such
requirement or request, (C) if disclosure of such Confidential Information is required or requested, furnish only such portion of the Confidential Information as the Limited Partner is advised by counsel is legally required to be disclosed, and
(D) cooperate with the General Partner and/or the Businesses in their efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to such portion of the Confidential Information that is required or
requested to be disclosed, such order or reliable assurance being obtained at the Partnership’s expense. Confidential Information shall include (1) information contained on any term sheet provided to the Limited Partner by or on behalf of
any Business or the Partnership, (2) the structure of the transactions contemplated hereby, (3) any information regarding the valuation of investment funds managed by any Business and its Affiliates and the portfolio companies of such
investment funds, and (4) any information related in any way to the performance of the general partners of the investment funds mentioned above (including, but not limited to, items of income and expense). Confidential Information also shall be
deemed to include all notes, analyses, compilations, studies, interpretations, reports, memoranda or other documents prepared by the Limited Partner or its Representatives which contain, reflect or are based upon, in whole or in part, the
information furnished to the Limited Partner or its Representatives pursuant hereto. The Confidential Information shall not include information that (I) is or becomes generally available to the public other than as a result of any disclosure
resulting from an act or omission by the Limited Partner, (II) is independently developed by the Limited Partner or its Representatives without use of the Confidential Information or any derivative thereof and without violating the obligations
of the Limited Partner hereunder or (III) is provided to such Limited Partner by a third party that was not known to the Limited Partner, acting in good faith, to be bound by a confidentiality agreement or other contractual, legal or fiduciary
obligation of confidentiality with respect to such information. 

  
 B-8 

 (d) Limitations. If the provisions of this
Section 9.01 are ever deemed by a court to exceed the limitations permitted by applicable law, the Limited Partner and the General Partner agree that such provisions shall be, and are, automatically reformed to the maximum
limitations permitted by such law. 
 (e) Regulatory Reporting. Each Limited Partner and the Partnership agree that no
confidentiality, non-disparagement or other obligation such Limited Partner owes to the Partnership prohibits such Limited Partner from reporting possible violations of Federal law or regulation to any
governmental agency or entity under any whistleblower protection provision of U.S. Federal or State law or regulation (including Section 21F of the Securities and Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act 2002) or
requires such Limited Partner to notify the Partnership of any such report. In making any such report, however, such Limited Partner is not authorized to disclose communications with counsel that were made for the purpose of receiving legal advice,
that contain legal advice or that are protected by the attorney work product or similar privilege. 
 (f) TPG Operating
Group. Each Limited Partner and the Partnership agree that the provisions of this Section 9.01 are for the benefit of the TPG Operating Group Partnerships and their Subsidiaries, and the TPG Operating Group Partnerships
shall be express third party beneficiaries of this Article IX. 
 Section 9.02. Breach of Restrictive Covenants. Notwithstanding
anything herein to the contrary and except as provided in any applicable Contribution Agreement, Grant Agreement or employment agreement or as otherwise determined by the General Partner in its sole discretion (in accordance with the ControlCo
LLCA), if the Limited Partner breaches any of its obligations set forth in Section 9.01 (a “Breach”), as of the Breach Date, the Limited Partner shall forfeit, (i) any unvested TPG Partner Units held
by (or maintained on behalf of) such Limited Partner and (ii) all vested TPG Partner Units (excluding Legacy TPG Partner Units) held by such Limited Partner as of the Breach Date that vested in the two (2) years prior to such Breach Date
and such Limited Partner shall no longer have any rights with respect thereto (including any rights to distributions pursuant to Article VI); provided that, if such Limited Partner has Exchanged any such vested TPG Partner Units that,
absent such Exchange, would have been so forfeited, such Limited Partner shall be required to pay to the Partnership an amount equal to the fair market value of such Exchanged vested TPG Partner Units as of the Breach Date. A Limited Partner that is
not a natural person will be deemed to have committed a Breach if such Limited Partner’s Related Partner is considered to have committed a Breach (assuming for this purpose such Related Partner were subject to the restrictions of this
Article IX). 
 Section 14.17. Offset. The General Partner shall have the right to reduce any amounts due to any Limited
Partner from the Partnership, the General Partner or any of their respective Affiliates (including RemainCo) by the amount of any obligation of such Limited Partner, any partner thereof or any of their respective Affiliates to pay amounts due to the
Partnership, the General Partner or any of their respective Affiliates (including RemainCo). 

  
 B-9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}]]