Spectrum Group International, Inc.
As Amended and Restated as of May 13, 2010
This Employment Agreement (this “Agreement”) is an amendment and restatement as of May 13, 2010 of that
Employment Agreement dated December 28, 2007, and is between SPECTRUM GROUP
INTERNATIONAL, INC., a Delaware corporation (the “Company”), and GREGORY N. ROBERTS, an
individual (“Mr. Roberts”).
WHEREAS, the Company, Spectrum Numismatics, Inc., a wholly-owned subsidiary of the Company, and
Mr. Roberts are parties to an Employment Agreement, dated as of December 28, 2007, as amended by an
amendment dated as of August 11, 2008 and effective as of March 5, 2008, and an amendment dated as of
December 22, 2009 and effective as of July 1, 2009 (as so amended but without giving effect to this amendment
and restatement, the “Existing Agreement”);
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. Roberts therefore
agree as follows:
1. Employment; Term. The Company hereby employs Mr. Roberts, and Mr. Roberts 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. Roberts’ 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. Roberts shall serve as the President and Chief Executive Officer of the
Company, as Chief Executive Officer of the Company’s Coin Division and as Chief Executive Officer of the
Company’s Trading Division. Mr. Roberts will have such duties and responsibilities as are customary for