December 15, 2010Cowen Group, Inc. • December 16th, 2010 • Security brokers, dealers & flotation companies • New York
This letter (the “Agreement”) shall supersede any and all prior employment agreements and letters relating to your employment, including your employment letter agreement (the “Executive Letter Agreement”), dated as of June 3, 2009, as amended by letter dated July 19, 2010, with LexingtonPark Parent Corp. (n/k/a Cowen Group, Inc. (the “Company”) and you acknowledge that you shall not be entitled to any compensation or benefits under the Executive Letter Agreement, as amended. Defined terms otherwise used in this Agreement shall have the meaning ascribed to them in the Executive Letter Agreement. This Agreement shall constitute your agreement relating to your post-retirement employment with the Company and the BD Subsidiary, effective as of February 1, 2011, as a Senior Advisor.
