0001041803-11-000007 Sample Contracts

CREDIT AGREEMENT Dated as of November 1st, 2010
Credit Agreement • January 7th, 2011 • Pricesmart Inc • Retail-variety stores • New York

PRICESMART COLOMBIA, S.A.S., a corporation organized and existing under the laws of Colombia (the "Borrower") and Citibank, N.A. ("Citibank"), as Lender (as hereinafter defined), agree as follows:

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FIFTEENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 7th, 2011 • Pricesmart Inc • Retail-variety stores

This Fifteenth Amendment to Employment Agreement is made and entered into as of October 6, 2010, by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and Jose Luis Laparte ("Executive").

TWENTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 7th, 2011 • Pricesmart Inc • Retail-variety stores

This Twenty-Fourth Amendment to Employment Agreement is made and entered into as of October 6, 2010, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Robert M. Gans (“Executive”).

PROMISSORY PURCHASE AGREEMENT
Promissory Purchase Agreement • January 7th, 2011 • Pricesmart Inc • Retail-variety stores

The undersigned, namely, on the one hand, ARNOLD ERNESTO GÓMEZ MENDOZA, male, of legal age, identified with Identity Card Number 19,472,285 of Bogotá, acting in his capacity as legal representative of CEMENTOS ARGOS, S.A., who is acting in his capacity as legal representative of CEMENTOS ARGOS, S.A., and from here on in for all the effects of this agreement shall be referred to as ARGOS; a company identified with legal entity TIN 890,100,251, AS CERTIFIED IN THE EXISTENCE AND LEGAL REPRESENTATION CERTIFICATE ISSUED BY THE Chamber of Commerce of Barranquilla and that is included as an integral part of this Agreement as ANNEX 1 – EXISTENCE AND LEGAL REPRESENTATION CERTIFICATES, and who from here on in and for all the effects of this Agreement shall be referred to as the PROMISSORY SELLER; and, on the other hand, RODRIGO CALVO GONZÁLEZ, identifying himself with the data that appears below his signature, acting in his capacity as special proxy for PRICESMART COLOMBIA SAS, a business corpor

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