0001047469-09-002274 Sample Contracts

COWEN GROUP, INC.
Deferred Cash Award Agreement • March 6th, 2009 • Cowen Group, Inc. • Security brokers, dealers & flotation companies • New York

THIS AGREEMENT (the “Agreement”) is made by and between Cowen Group, Inc., a Delaware corporation (the “Company”) and [ ] (the “Executive”), as of February 2, 2009.

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COWEN GROUP, INC.
Equity Award Agreement • March 6th, 2009 • Cowen Group, Inc. • Security brokers, dealers & flotation companies • New York

THIS AGREEMENT (this “Agreement”) is made by and between Cowen Group, Inc., a Delaware corporation (the “Company”), and [ ], (the “Executive”), as of February 2, 2009.

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