Employment Agreement Dated November 11, 2003 by and between Arthur Stern and the Company
THIS EMPLOYMENT AGREEMENT ("Agreement"), dated as of the 11th day of November, 2003 by and
between ASTA FUNDING, INC., a Delaware corporation, with offices at 210 Sylvan Ave., Englewood Cliffs,
NJ 07632 (the "Company") and ARTHUR STERN, an individual residing at 3333 Henry Hudson Parkway,
Riverdale, New York 10463 (the "Employee")
W I T N E S E T H:
WHEREAS, the parties desire to enter this Agreement to set forth the terms of the Employee's continued
employment by the Company.
NOW, THEREFORE, in consideration of the mutual premises and covenants set forth herein and for other good
and value consideration, the receipt, adequacy and legal sufficiency of which are hereby acknowledged, the
Company and the Employee mutually agree as follows:
1. Employment Duties.
(a) Employment. The Company agrees to continue to employ the Employee, and the Employee agrees to accept
continued employment with the Company, on the terms and conditions set forth in this Agreement.
(b) Scope of Duties. During the Employment Period (as defined herein), the Employee shall devote his business
time, attention and energy to the business, and to seeking improvement in the profitability, of the Company.
During the Employment Period, the Employee shall serve as Executive Vice President of the Company and its
subsidiaries and shall have the authority to perform and shall perform all of the duties that are customary for the
office of Executive Vice President of the Company, subject at all times to the control and direction of the
President and the Board of Directors of the Company, and shall perform such services as typically are provided
by the Executive Vice President of a corporation and such other services consistent therewith as shall be assigned
to him from time to time by the President or the Board of Directors of the Company. Employee shall also
continue to serve as Chairman of the Board