Common use of Forfeiture of Interests Transfer Restrictions Clause in Contracts

Forfeiture of Interests Transfer Restrictions. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. Mandatory Exchanges 25 Section 8.06. Encumbrances 25 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 Section 8.09. Admissions, Withdrawals and Removals 26 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 Section 9.01. No Dissolution 27 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 Section 9.07. Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 Section 11.01. Severability 32 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. Binding Effect 33 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 Section 11.13. No Third Party Beneficiaries 35 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. Power of Attorney 36 Section 11.17. Letter Agreements; Schedules 36 Section 11.18. Partnership Status 36 This FIFTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III L.P. (the “Partnership”) is made as of the 7th day of October, 2021, by and among Blackstone Holdings III GP L.P., a limited partnership formed under the laws of the State of Delaware, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. 8.01 Vesting of Initial Unvested Units 21 Section 8.02. 8.02 Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. 8.03 Limited Partner Transfers 23 Section 8.04. 8.04 Minimum Retained Ownership Requirement 24 Section 8.05. 8.05 Mandatory Exchanges 25 Section 8.06. 8.06 Encumbrances 25 Section 8.07. 8.07 Further Restrictions 25 Section 8.08. 8.08 Rights of Assignees 26 Section 8.09. 8.09 Admissions, Withdrawals and Removals 26 Section 8.10. 8.10 Admission of Assignees as Substitute Limited Partners 26 Section 8.11. 8.11 Withdrawal and Removal of Limited Partners 27 Section 9.01. 9.01 No Dissolution 27 Section 9.02. 9.02 Events Causing Dissolution 27 Section 9.03. 9.03 Distribution upon Dissolution 28 Section 9.04. 9.04 Time for Liquidation 28 Section 9.05. 9.05 Termination 28 Section 9.06. 9.06 Claims of the Partners 28 29 Section 9.07. 9.07 Survival of Certain Provisions 29 Section 10.01. 10.01 Liability of Partners 29 Section 10.02. 10.02 Indemnification 30 Section 11.01. 11.01 Severability 32 Section 11.02. 11.02 Notices 32 Section 11.03. 11.03 Cumulative Remedies 33 Section 11.04. 11.04 Binding Effect 33 Section 11.05. 11.05 Interpretation 33 Section 11.06. 11.06 Counterparts 33 Section 11.07. 11.07 Further Assurances 33 Section 11.08. 11.08 Entire Agreement 33 Section 11.09. 11.09 Governing Law 33 Section 11.10. 11.10 Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. 11.11 Expenses 34 35 Section 11.12. 11.12 Amendments and Waivers 34 35 Section 11.13. 11.13 No Third Party Beneficiaries 35 36 Section 11.14. 11.14 Headings 36 Section 11.15. 11.15 Construction 36 Section 11.16. 11.16 Power of Attorney 36 Section 11.17. 11.17 Letter Agreements; Schedules 36 37 Section 11.18. 11.18 Partnership Status 36 37 This FIFTH FOURTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III AI L.P. (the “Partnership”) is made as of the 7th day of OctoberMay, 2021, by and among Blackstone Holdings III I/II GP L.P.L.L.C., a limited partnership liability company formed under the laws of the State of Delaware, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. 23 Section 8.01. 8.1 Vesting of Initial Unvested Units 21 23 Section 8.02. 8.2 Forfeiture of Units Held by Initial Limited Partners 22 24 Section 8.03. 8.3 Limited Partner Transfers 23 25 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. 8.4 Mandatory Exchanges 25 Section 8.06. 8.5 Encumbrances 25 26 Section 8.07. 8.6 Further Restrictions 25 26 Section 8.08. 8.7 Rights of Assignees 26 27 Section 8.09. 8.8 Admissions, Withdrawals and Removals 26 27 Section 8.10. 8.9 Admission of Assignees as Substitute Limited Partners 26 28 Section 8.11. 8.10 Withdrawal and Removal of Limited Partners 27 28 ARTICLE IX DISSOLUTION, LIQUIDATION AND TERMINATION 28 Section 9.01. 9.1 No Dissolution 27 Commencement of Winding Up 28 Section 9.02. 9.2 Events Causing Dissolution 27 Commencement of Winding Up 29 Section 9.03. 9.3 Distribution upon Dissolution 28 29 Section 9.04. 9.4 Time for Liquidation 28 30 Section 9.05. Termination 28 9.5 Dissolution 30 Section 9.06. 9.6 Claims of the Partners 28 30 Section 9.07. 9.7 Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 ARTICLE X LIABILITY AND INDEMNIFICATION 30 Section 11.01. 10.1 Duties; Liabilities; Exculpation 30 Section 10.2 Indemnification 32 ARTICLE XI MISCELLANEOUS 35 Section 11.1 Dispute Resolution 35 Section 11.2 Severability 32 36 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. 11.3 Binding Effect 33 36 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. 11.4 Further Assurances 33 36 Section 11.08. Entire Agreement 33 11.5 Expenses 36 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. 11.6 Amendments and Waivers 34 36 Section 11.13. 11.7 No Third Party Beneficiaries 35 38 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. 11.8 Power of Attorney 36 38 Section 11.17. 11.9 Letter Agreements; Schedules 36 39 Section 11.18. 11.10 Governing Law; Separability 39 Section 11.11 Notices 39 Section 11.12 Counterparts 39 Section 11.13 Cumulative Remedies 39 Section 11.14 Entire Agreement 39 Section 11.15 Partnership Status 36 This FIFTH 40 Section 11.16 Limited Partner Representations 40 ARTICLE XII TERMS, PREFERENCES, RIGHTS, POWERS AND DUTIES OF THE SERIES A PREFERRED MIRROR UNITS 41 Section 12.1 Designation 41 Section 12.2 Definitions 41 Section 12.3 Distributions 43 Section 12.4 Rank 45 Section 12.5 Redemption 45 Section 12.6 Distribution Rate 46 Section 12.7 Voting 46 Section 12.8 Liquidation Rights 46 Section 12.9 Amendments and Waivers 47 Section 12.10 No Conversion 47 Section 12.11 No Third Party Beneficiaries 47 THIRD AMENDED AND RESTATED AGREEMENT OF EXEMPTED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Ares Offshore Holdings III L.P. (the “Partnership”) is made as of the 7th day of October), 2021entered into on March 8, by and 2018, among Blackstone Holdings III GP L.P.AOF Holdco LLC, a Delaware limited partnership formed under the laws of the State of Delawareliability company, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. Mandatory Exchanges 25 Section 8.06. Encumbrances 25 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 Section 8.09. Admissions, Withdrawals and Removals 26 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 Section 9.01. No Dissolution 27 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 29 Section 9.07. Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 Section 11.01. Severability 32 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. Binding Effect 33 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 34 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 35 Section 11.13. No Third Party Beneficiaries 35 36 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. Power of Attorney 36 Section 11.17. Letter Agreements; Schedules 36 Section 11.18. Partnership Status 36 37 This FIFTH FOURTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III IV L.P. (the “Partnership”) is made as of the 7th 10th day of OctoberAugust, 20212020, by and among Blackstone Holdings III IV GP L.P., a limited partnership société en commandite formed under the laws of the State Province of DelawareQuébec, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. 23 Section 8.01. 8.1 Vesting of Initial Unvested Units 21 23 Section 8.02. 8.2 Forfeiture of Units Held by Initial Limited Partners 22 24 Section 8.03. 8.3 Limited Partner Transfers 23 25 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. 8.4 Mandatory Exchanges 25 26 Section 8.06. 8.5 Encumbrances 25 26 Section 8.07. 8.6 Further Restrictions 25 26 Section 8.08. 8.7 Rights of Assignees 26 27 Section 8.09. 8.8 Admissions, Withdrawals and Removals 26 27 Section 8.10. 8.9 Admission of Assignees as Substitute Limited Partners 26 28 Section 8.11. 8.10 Withdrawal and Removal of Limited Partners 27 28 ARTICLE IX DISSOLUTION, LIQUIDATION AND TERMINATION 28 Section 9.01. 9.1 No Dissolution 27 29 Section 9.02. 9.2 Events Causing Dissolution 27 29 Section 9.03. 9.3 Distribution upon Dissolution 28 30 Section 9.04. 9.4 Time for Liquidation 28 30 Section 9.05. 9.5 Termination 28 30 Section 9.06. 9.6 Claims of the Partners 28 30 Section 9.07. 9.7 Survival of Certain Provisions 29 30 ARTICLE X LIABILITY AND INDEMNIFICATION 31 Section 10.01. Liability of Partners 29 10.1 Duties; Liabilities; Exculpation 31 Section 10.02. 10.2 Indemnification 30 33 ARTICLE XI MISCELLANEOUS 35 Section 11.01. 11.1 Dispute Resolution 35 Section 11.2 Severability 32 36 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. 11.3 Binding Effect 33 36 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. 11.4 Further Assurances 33 36 Section 11.08. Entire Agreement 33 11.5 Expenses 36 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. 11.6 Amendments and Waivers 34 36 Section 11.13. 11.7 No Third Party Beneficiaries 35 38 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. 11.8 Power of Attorney 36 38 Section 11.17. 11.9 Letter Agreements; Schedules 36 39 Section 11.18. 11.10 Governing Law; Separability 39 Section 11.11 Notices 39 Section 11.12 Counterparts 39 Section 11.13 Cumulative Remedies 39 Section 11.14 Entire Agreement 39 Section 11.15 Partnership Status 36 This FIFTH 40 Section 11.16 Limited Partner Representations 40 ARTICLE XII TERMS, PREFERENCES, RIGHTS, POWERS AND DUTIES OF THE SERIES A PREFERRED MIRROR UNITS 41 Section 12.1 Designation 41 Section 12.2 Definitions 41 Section 12.3 Distributions 43 Section 12.4 Rank 45 Section 12.5 Redemption 45 Section 12.6 Distribution Rate 46 Section 12.7 Voting 46 Section 12.8 Liquidation Rights 46 Section 12.9 Amendments and Waivers 47 Section 12.10 No Conversion 48 Section 12.11 No Third Party Beneficiaries 48 SECOND AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III L.P. Ares Investments L.P., entered into as of March 8, 2018 and effective as of March 1, 2018 (the “PartnershipEffective Date”) is made as of the 7th day of October), 2021, by and among Blackstone Holdings III GP L.P.AI Holdco LLC, a Delaware limited partnership formed under the laws of the State of Delawareliability company, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 22 Section 8.04. Minimum Retained Ownership Requirement 24 23 Section 8.05. Mandatory Exchanges 25 24 Section 8.06. Encumbrances 25 24 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 25 Section 8.09. Admissions, Withdrawals and Removals 26 25 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 26 Section 9.01. No Dissolution 27 26 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 27 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 Section 9.07. Survival of Certain Provisions 29 28 Section 10.01. Liability of Partners 29 28 Section 10.02. Indemnification 30 29 Section 11.01. Severability 32 31 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 32 Section 11.04. Binding Effect 33 32 Section 11.05. Interpretation 33 32 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 Section 11.13. No Third Party Beneficiaries 35 Section 11.14. Headings 36 35 Section 11.15. Construction 36 35 Section 11.16. Power of Attorney 36 35 Section 11.17. Letter Agreements; Schedules 36 Section 11.18. Partnership Status 36 This FIFTH THIRD AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III L.P. (the “Partnership”) is made as of the 7th 1st day of OctoberJuly, 20212019, by and among Blackstone Holdings III GP L.P., a limited partnership formed under the laws of the State of Delaware, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 22 Section 8.04. Minimum Retained Ownership Requirement 24 23 Section 8.05. Mandatory Exchanges 25 24 Section 8.06. Encumbrances 25 24 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 25 Section 8.09. Admissions, Withdrawals and Removals 26 25 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 26 Section 9.01. No Dissolution 27 26 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 27 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 Section 9.07. Survival of Certain Provisions 29 28 Section 10.01. Liability of Partners 29 28 Section 10.02. Indemnification 30 29 Section 11.01. Severability 32 31 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 32 Section 11.04. Binding Effect 33 32 Section 11.05. Interpretation 33 32 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 Section 11.13. No Third Party Beneficiaries 35 Section 11.14. Headings 36 35 Section 11.15. Construction 36 35 Section 11.16. Power of Attorney 36 35 Section 11.17. Letter Agreements; Schedules 36 Section 11.18. Partnership Status 36 This FIFTH THIRD AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III IV L.P. (the “Partnership”) is made as of the 7th 1st day of OctoberJuly, 20212019, by and among Blackstone Holdings III IV GP L.P., a limited partnership société en commandite formed under the laws of the State Province of DelawareQuébec, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. Mandatory Exchanges 25 Section 8.06. Encumbrances 25 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 Section 8.09. Admissions, Withdrawals and Removals 26 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 Section 9.01. No Dissolution 27 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 29 Section 9.07. Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 Section 11.01. Severability 32 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. Binding Effect 33 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 34 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 35 Section 11.13. No Third Party Beneficiaries 35 36 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. Power of Attorney 36 Section 11.17. Letter Agreements; Schedules 36 37 Section 11.18. Partnership Status 36 37 This FIFTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III IV L.P. (the “Partnership”) is made as of the 7th day of OctoberMay, 2021, by and among Blackstone Holdings III IV GP L.P., a limited partnership société en commandite formed under the laws of the State Province of DelawareQuébec, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. 8.01 Vesting of Initial Unvested Units 21 20 Section 8.02. 8.02 Forfeiture of Units Held by Initial Limited Partners 22 21 Section 8.03. 8.03 Limited Partner Transfers 23 22 Section 8.04. 8.04 Minimum Retained Ownership Requirement 23 Section 8.05 Mandatory Exchanges 24 Section 8.05. Mandatory Exchanges 25 8.06 Encumbrances 24 Section 8.06. Encumbrances 25 Section 8.07. 8.07 Further Restrictions 25 Section 8.08. 8.08 Rights of Assignees 26 25 Section 8.09. 8.09 Admissions, Withdrawals and Removals 26 25 Section 8.10. 8.10 Admission of Assignees as Substitute Limited Partners 26 Section 8.11. 8.11 Withdrawal and Removal of Limited Partners 27 26 Section 9.01. 9.01 No Dissolution 26 Section 9.02 Events Causing Dissolution 26 Section 9.03 Distribution upon Dissolution 27 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 Section 9.04. 9.04 Time for Liquidation 28 Section 9.05. 9.05 Termination 28 Section 9.06. 9.06 Claims of the Partners 28 Section 9.07. 9.07 Survival of Certain Provisions 29 28 Section 10.01. 10.01 Liability of Partners 28 Section 10.02 Indemnification 29 Section 10.02. Indemnification 30 11.01 Severability 31 Section 11.01. Severability 11.02 Notices 31 Section 11.03 Cumulative Remedies 32 Section 11.02. Notices 11.04 Binding Effect 32 Section 11.03. Cumulative Remedies 33 11.05 Interpretation 32 Section 11.04. Binding Effect 33 11.06 Counterparts 32 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. 11.07 Further Assurances 33 Section 11.08. 11.08 Entire Agreement 33 Section 11.09. 11.09 Governing Law 33 Section 11.10. 11.10 Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. 11.11 Expenses 34 Section 11.12. 11.12 Amendments and Waivers 34 Section 11.13. 11.13 No Third Party Beneficiaries 35 Section 11.14. 11.14 Headings 36 35 Section 11.15. 11.15 Construction 36 35 Section 11.16. 11.16 Power of Attorney 36 35 Section 11.17. 11.17 Letter Agreements; Schedules 36 Section 11.18. 11.18 Partnership Status 36 This FIFTH SECOND AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III AI L.P. (the “Partnership”) is made as of the 7th 1st day of OctoberJuly, 20212019, by and among Blackstone Holdings III I/II GP L.P.L.L.C., a limited partnership liability company formed under the laws of the State of Delaware, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. Section 8.01. Vesting of Initial Unvested Units 21 Section 8.02. Forfeiture of Units Held by Initial Limited Partners 22 Section 8.03. Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. Mandatory Exchanges 25 Section 8.06. Encumbrances 25 Section 8.07. Further Restrictions 25 Section 8.08. Rights of Assignees 26 Section 8.09. Admissions, Withdrawals and Removals 26 Section 8.10. Admission of Assignees as Substitute Limited Partners 26 Section 8.11. Withdrawal and Removal of Limited Partners 27 Section 9.01. No Dissolution 27 Section 9.02. Events Causing Dissolution 27 Section 9.03. Distribution upon Dissolution 28 Section 9.04. Time for Liquidation 28 Section 9.05. Termination 28 Section 9.06. Claims of the Partners 28 Section 9.07. Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 Section 11.01. Severability 32 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. Binding Effect 33 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. Further Assurances 33 Section 11.08. Entire Agreement 33 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. Amendments and Waivers 34 Section 11.13. No Third Party Beneficiaries 35 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. Power of Attorney 36 Section 11.17. Letter Agreements; Schedules 36 Section 11.18. Partnership Status 36 This FIFTH FOURTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Holdings III L.P. (the “Partnership”) is made as of the 7th 10th day of OctoberAugust, 20212020, by and among Blackstone Holdings III GP L.P., a limited partnership formed under the laws of the State of Delaware, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. 23 Section 8.01. 8.1 Vesting of Initial Unvested Units 21 23 Section 8.02. 8.2 Forfeiture of Units Held by Initial Limited Partners 22 23 Section 8.03. 8.3 Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. 8.4 Mandatory Exchanges 25 Section 8.06. 8.5 Encumbrances 25 Section 8.07. 8.6 Further Restrictions 25 Section 8.08. 8.7 Rights of Assignees 26 Section 8.09. 8.8 Admissions, Withdrawals and Removals 26 27 Section 8.10. 8.9 Admission of Assignees as Substitute Limited Partners 26 27 Section 8.11. 8.10 Withdrawal and Removal of Limited Partners 27 28 ARTICLE IX DISSOLUTION, LIQUIDATION AND TERMINATION 28 Section 9.01. 9.1 No Dissolution 27 Commencement of Winding Up 28 Section 9.02. 9.2 Events Causing Dissolution 27 Commencement of Winding Up 28 Section 9.03. 9.3 Distribution upon Dissolution 28 29 Section 9.04. 9.4 Time for Liquidation 28 29 Section 9.05. Termination 28 9.5 Dissolution 29 Section 9.06. 9.6 Claims of the Partners 28 29 Section 9.07. 9.7 Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 ARTICLE X LIABILITY AND INDEMNIFICATION 30 Section 11.01. 10.1 Duties; Liabilities; Exculpation 30 Section 10.2 Indemnification 32 ARTICLE XI MISCELLANEOUS 34 Section 11.1 Dispute Resolution 34 Section 11.2 Severability 32 35 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. 11.3 Binding Effect 33 36 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. 11.4 Further Assurances 33 36 Section 11.08. Entire Agreement 33 11.5 Expenses 36 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. 11.6 Amendments and Waivers 34 36 Section 11.13. 11.7 No Third Party Beneficiaries 35 37 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. 11.8 Power of Attorney 36 38 Section 11.17. 11.9 Letter Agreements; Schedules 36 38 Section 11.18. 11.10 Governing Law; Separability 38 Section 11.11 Notices 39 Section 11.12 Counterparts 39 Section 11.13 Cumulative Remedies 39 Section 11.14 Entire Agreement 39 Section 11.15 Partnership Status 36 This FIFTH 39 Section 11.16 Limited Partner Representations 39 ARTICLE XII TERMS, PREFERENCES, RIGHTS, POWERS AND DUTIES OF THE SERIES A PREFERRED MIRROR UNITS 40 Section 12.1 Designation 40 Section 12.2 Definitions 41 Section 12.3 Distributions 43 Section 12.4 Rank 45 Section 12.5 Redemption 45 Section 12.6 Distribution Rate 46 Section 12.7 Voting 46 Section 12.8 Liquidation Rights 46 Section 12.9 Amendments and Waivers 47 Section 12.10 No Conversion 47 Section 12.11 No Third Party Beneficiaries 47 FOURTH AMENDED AND RESTATED AGREEMENT OF EXEMPTED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Ares Offshore Holdings III L.P. (the “Partnership”) is made as of the 7th day of October), 2021entered into on November 26, by and 2018, among Blackstone Holdings III GP L.P.AOF Holdco LLC, a Delaware limited partnership formed under the laws of the State of Delawareliability company, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. 23 Section 8.01. 8.1 Vesting of Initial Unvested Units 21 23 Section 8.02. 8.2 Forfeiture of Units Held by Initial Limited Partners 22 23 Section 8.03. 8.3 Limited Partner Transfers 23 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. 8.4 Mandatory Exchanges 25 Section 8.06. 8.5 Encumbrances 25 26 Section 8.07. 8.6 Further Restrictions 25 26 Section 8.08. 8.7 Rights of Assignees 26 27 Section 8.09. 8.8 Admissions, Withdrawals and Removals 26 27 Section 8.10. 8.9 Admission of Assignees as Substitute Limited Partners 26 28 Section 8.11. 8.10 Withdrawal and Removal of Limited Partners 27 28 ARTICLE IX DISSOLUTION, LIQUIDATION AND TERMINATION 28 Section 9.01. 9.1 No Dissolution 27 28 Section 9.02. 9.2 Events Causing Dissolution 27 28 Section 9.03. 9.3 Distribution upon Dissolution 28 29 Section 9.04. 9.4 Time for Liquidation 28 30 Section 9.05. 9.5 Termination 28 30 Section 9.06. 9.6 Claims of the Partners 28 30 Section 9.07. 9.7 Survival of Certain Provisions 29 Section 10.01. Liability of Partners 29 Section 10.02. Indemnification 30 ARTICLE X LIABILITY AND INDEMNIFICATION 30 Section 11.01. 10.1 Duties; Liabilities; Exculpation 30 Section 10.2 Indemnification 32 ARTICLE XI MISCELLANEOUS 35 Section 11.1 Dispute Resolution 35 Section 11.2 Severability 32 36 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. 11.3 Binding Effect 33 36 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. 11.4 Further Assurances 33 36 Section 11.08. Entire Agreement 33 11.5 Expenses 36 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. 11.6 Amendments and Waivers 34 36 Section 11.13. 11.7 No Third Party Beneficiaries 35 38 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. 11.8 Power of Attorney 36 38 Section 11.17. 11.9 Letter Agreements; Schedules 36 38 Section 11.18. 11.10 Governing Law; Separability 39 Section 11.11 Notices 39 Section 11.12 Counterparts 39 Section 11.13 Cumulative Remedies 39 Section 11.14 Entire Agreement 39 Section 11.15 Partnership Status 36 This FIFTH 39 Section 11.16 Limited Partner Representations 39 ARTICLE XII TERMS, PREFERENCES, RIGHTS, POWERS AND DUTIES OF THE SERIES A PREFERRED MIRROR UNITS 41 Section 12.1 Designation 41 Section 12.2 Definitions 41 Section 12.3 Distributions 43 Section 12.4 Rank 45 Section 12.5 Redemption 45 Section 12.6 Distribution Rate 46 Section 12.7 Voting 46 Section 12.8 Liquidation Rights 46 Section 12.9 Amendments and Waivers 47 Section 12.10 No Conversion 47 Section 12.11 No Third Party Beneficiaries 48 THIRD AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Ares Holdings III L.P. L.P., dated as of November 26, 2018 (the “PartnershipEffective Date”) is made as of the 7th day of October), 2021, by and among Blackstone Holdings III GP L.P.Ares Holdco LLC, a Delaware limited partnership formed under the laws of the State of Delawareliability company, as general partner, and the Limited Partners (as defined herein) of the Partnership.

Forfeiture of Interests Transfer Restrictions. 23 Section 8.01. 8.1 Vesting of Initial Unvested Units 21 23 Section 8.02. 8.2 Forfeiture of Units Held by Initial Limited Partners 22 24 Section 8.03. 8.3 Limited Partner Transfers 23 25 Section 8.04. Minimum Retained Ownership Requirement 24 Section 8.05. 8.4 Mandatory Exchanges 25 26 Section 8.06. 8.5 Encumbrances 25 26 Section 8.07. 8.6 Further Restrictions 25 26 Section 8.08. 8.7 Rights of Assignees 26 28 Section 8.09. 8.8 Admissions, Withdrawals and Removals 26 28 Section 8.10. 8.9 Admission of Assignees as Substitute Limited Partners 26 28 Section 8.11. 8.10 Withdrawal and Removal of Limited Partners 27 29 ARTICLE IX DISSOLUTION, LIQUIDATION AND TERMINATION 29 Section 9.01. 9.1 No Dissolution 27 29 Section 9.02. 9.2 Events Causing Dissolution 27 29 Section 9.03. 9.3 Distribution upon Dissolution 28 30 Section 9.04. 9.4 Time for Liquidation 28 30 Section 9.05. 9.5 Termination 28 30 Section 9.06. 9.6 Claims of the Partners 28 31 Section 9.07. 9.7 Survival of Certain Provisions 29 31 ARTICLE X LIABILITY AND INDEMNIFICATION 31 Section 10.01. Liability of Partners 29 10.1 Duties; Liabilities; Exculpation 31 Section 10.02. 10.2 Indemnification 30 33 ARTICLE XI MISCELLANEOUS 35 Section 11.01. 11.1 Dispute Resolution 35 Section 11.2 Severability 32 36 Section 11.02. Notices 32 Section 11.03. Cumulative Remedies 33 Section 11.04. 11.3 Binding Effect 33 36 Section 11.05. Interpretation 33 Section 11.06. Counterparts 33 Section 11.07. 11.4 Further Assurances 33 36 Section 11.08. Entire Agreement 33 11.5 Expenses 37 Section 11.09. Governing Law 33 Section 11.10. Submission to Jurisdiction; Waiver of Jury Trial 33 Section 11.11. Expenses 34 Section 11.12. 11.6 Amendments and Waivers 34 37 Section 11.13. 11.7 No Third Party Beneficiaries 35 38 Section 11.14. Headings 36 Section 11.15. Construction 36 Section 11.16. 11.8 Power of Attorney 36 39 Section 11.17. 11.9 Letter Agreements; Schedules 36 39 Section 11.18. 11.10 Governing Law; Separability 39 Section 11.11 Notices 39 Section 11.12 Counterparts 40 Section 11.13 Cumulative Remedies 40 Section 11.14 Entire Agreement 40 Section 11.15 Partnership Status 36 This FIFTH 40 Section 11.16 Limited Partner Representations 40 ARTICLE XII TERMS, PREFERENCES, RIGHTS, POWERS AND DUTIES OF THE SERIES A PREFERRED MIRROR UNITS 41 Section 12.1 Designation 41 Section 12.2 Definitions 41 Section 12.3 Distributions 44 Section 12.4 Rank 45 Section 12.5 Redemption 46 Section 12.6 Distribution Rate 46 Section 12.7 Voting 46 Section 12.8 Liquidation Rights 47 Section 12.9 Amendments and Waivers 48 Section 12.10 No Conversion 48 Section 12.11 No Third Party Beneficiaries 48 SECOND AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT (this “Agreement”) of Blackstone Ares Holdings III L.P. L.P., entered into as of March 8, 2018 and effective as of March 1, 2018 (the “PartnershipEffective Date”) is made as of the 7th day of October), 2021, by and among Blackstone Holdings III GP L.P.Ares Holdco LLC, a Delaware limited partnership formed under the laws of the State of Delawareliability company, as general partner, and the Limited Partners (as defined herein) of the Partnership.