Cowen Group Sample Contracts

COWEN GROUP, INC.
Cowen Group • March 30th, 2007 • 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 January 16, 2007.

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COWEN GROUP, INC. EXECUTIVE INCENTIVE AWARD AGREEMENT
Cowen Group • March 30th, 2007 • 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 Kim S. Fennebresque (the “Executive”), as of July , 2006.

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