COWEN OUTPERFORM

Business management and advisory services; acquisition and merger consultation and advisory services; arranging and conducting business conferences

Banking services; financial management, namely, management of financial and monetary accounts, namely, banking and investment accounts, and management of means of payment therefrom for firms, institutional investors and banks; financial management, namely, management of financial flows of capital in the nature of electronic funds transfers, asset management, fund investment management and financial investment trust management; financial forecasting; financial services, namely, investment banking and institutional banking services; financial management in the nature of assisting others with the completion of transactions and trading in corporate securities; financial and investment services, namely, management and brokerage in the fields of stocks, bonds, options, commodities, futures, derivatives, and other securities, and the investment of funds of others; financial services, namely, assisting others with the completion of financial transactions for stocks, bonds, securities and equities in connection with public offerings; financial advisory services and financial management services in connection with public offerings; security brokerage services; annuity underwriting, namely, equity underwriting and convertible underwriting services; private equity services, namely, financial consultation in the fields of private equity, private equity financial investments, private equity investment funds, and private equity financing; hedge fund investment services

Educational services, namely, developing, arranging, and conducting educational conferences and programs and providing courses of instruction in the field of energy; providing on-line newsletters and reports in the field of equity research and investment strategies targeted to institutional investors and sophisticated private investors and investment groups; providing non-downloadable newsletters and reports in the field of equity research and investment strategies targeted to institutional investors and sophisticated private investors and investment groups