0001041803-09-000046 Sample Contracts

PUBLIC DEED NUMBER
Pricesmart Inc • November 9th, 2009 • Retail-variety stores

In the city of Panama, capital of the Republic and head of the Notary Circuit bearing the same name, on , two thousand and nine (2009), before me, TANIA SUSANA CHEN GUILLEN, Second Public Notary (Second Deputy) of the Circuit of Panama, with personal identification card number four-two hundred and forty­four-six hundred and fifty-three (4-244—653), personally appeared: BRENDA DE McCULLOUGH, female, Panamanian, of legal age, married, banker, neighbor of the city of Panama, with Identity Card Number eight—one hundred and sixty seven- five hundred and ninety-two (8- 167-592), acting on behalf and in representation of THE BANK OF NOVA SCOTIA, a corporation constituted and organized in accordance to the laws of Canada, authorized to do business in the Republic of Panama, as evidenced in card S.E. zero zero one two four (000124)of the Microfilm (Trade) Section of the Public Registry, in her capacity as Legal Representative and General Proxy of such bank, authorized to enter into this agreeme

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