SUBSCRIPTION AGENT AND INFORMATION AGENT AGREEMENT Date: December , 2004Subscription Agent and Information Agent Agreement • December 15th, 2004 • Pricesmart Inc • Retail-variety stores • New York
PriceSmart, Inc., Delaware corporation (the “Company”), is distributing one right, for each share of its common stock, par value $0.0001 per share (the “Common Stock”), to the respective holders of record thereof at the close of business on November 24, 2004 (the “Record Date”), to subscribe for and purchase shares of the Company’s Common Stock, (the “Additional Common Stock”), at a subscription price of $7.00 per share (the “$7 Subscription Price”) on or before 5:00 p.m. New York City time on , 2005 (the “$7 Expiration Time”) or after the $7 Expiration Time and on or before 5:00 p.m. New York City time on , 2005 to subscribe for and purchase 1.5 shares of Additional Common Stock at a price of $8.00 per share (the “$8 Subscription Price,” and such date and time, the “$8 Expiration Time), upon the terms and conditions set forth in the Prospectus (defined below). The $7 Subscription Price and the $8 Subscription Price, as applicable, are referred to as the “Subscription Price.” Holders o
