0001032210-03-000602 Sample Contracts

SEVERANCE AGREEMENT AND RELEASE OF CLAIMS
Severance Agreement • April 14th, 2003 • Pricesmart Inc • Retail-variety stores • California

THIS SEVERANCE AGREEMENT AND RELEASE OF CLAIMS (“Agreement”) is executed this 3rd day of March, 2003 by and between PRICESMART, INC. (referred to herein as “Company”) and Kevin C. Breen (“Employee”).

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TENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 14th, 2003 • Pricesmart Inc • Retail-variety stores

This Tenth Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Robert M. Gans (“Executive”).

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 14th, 2003 • Pricesmart Inc • Retail-variety stores

This First Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and William Naylon (“Executive”).

THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 14th, 2003 • Pricesmart Inc • Retail-variety stores

This Third Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Allan C. Youngberg (“Executive”).

Type of Organization: Corporation (Private Non-Financial Corp) Place of Organization: Philippines Address of the Borrower/s: 32nd Street, 5th Avenue, Fort Bonifacio, Global City, Taguig, Metro Manila Date Loan Agreement is Executed: September 12, 2002...
Term Loan Facility • April 14th, 2003 • Pricesmart Inc • Retail-variety stores

Gross Receipts Tax – In case the maturity period of the loan is to be shortened through pretermination, the resulting additional GRT on interest due to the correction of the rate of GRT shall be for the account of the Borrower/s.

FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 14th, 2003 • Pricesmart Inc • Retail-variety stores

This Fourth Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Gilbert A. Partida (“Executive”).

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