A-Mark Precious Metals, Inc.
As Amended and Restated as of June 1, 2010
This Employment Agreement (this “Agreement”) is an amendment and restatement as of May 13, 2010 of that
Employment Agreement dated as of July 2005, and is between A-MARK PRECIOUS METALS, INC., a New
York Corporation (the “Company”) and RAND LeSHAY, an individual (“Mr. LeShay”). The Company is a
wholly owned subsidiary of SPECTRUM GROUP INTERNATIONAL, INC., a Delaware corporation
(“Spectrum”), which is also a party to this Agreement.
WHEREAS, the Company and Mr. LeShay are parties to an Employment Agreement, dated as of July 2005,
as amended (as so amended but without giving effect to this amendment and restatement, the “Existing
WHEREAS, the Existing Agreement will expire June 30, 2010.
WHEREAS, the parties desire to amend the Existing Agreement in certain respects;
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the
Existing Agreement is hereby amended and restated in its entirety, and the Company and Mr. LeShay therefore
agree as follows:
1. Employment; Term. The Company hereby employs Mr. LeShay, and Mr. LeShay hereby accepts
employment with the Company, in accordance with and subject to the terms and conditions set forth in this
Agreement. The term of Mr. LeShay’s employment under this Agreement (the “Term”) commences on the date
of this Agreement and, unless earlier terminated in accordance with Section 4, will terminate on June 30, 2013.
(a) During the Term, Mr. LeShay shall serve as the Senior Vice President — Trading, reporting to the
Chief Executive Officer of Spectrum. Mr. LeShay will have such duties and responsibilities as are customary for
Mr. LeShay’s positions and any other duties or responsibilities he may be reasonably assigned by the Company
(b) During the Term, Mr. LeShay shall devote his full business time and best