0001193125-08-078048 Sample Contracts

LEASE AGREEMENT
Lease Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores • Florida
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DEBENTURE MORTGAGE STAMPED TO SECURE BDS$9,000,000.00 and US$4,500,000.00 OR THE EQUIVALENT IN BARBADOS DOLLARS
Debenture Mortgage • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

THIS DEBENTURE AND DEED OF CHARGE by way of Legal Mortgage is made as of the 15th day of November, 2007 BETWEEN PSMT (BARBADOS) INC., a company incorporated under the provisions of the Companies Act Chapter 308 of the Laws of Barbados as Company No. 17693 and having its registered office situate at Aastra Law, Pinfold Street, Bridgetown, Barbados in this Island (hereinafter called “the Borrower”) of the FIRST PART REGAN LODGE INC. a company registered under the provisions of the Companies Act Chapter 308 of the Laws of Barbados as Company No. 19916 which resulted from the amalgamation of Green Lodge Inc. (Company No. 19662) and Regan Lodge Inc. (Company No. 19394) and having its registered office situate at Musson Building, Hincks Street in the City of Bridgetown in this Island (hereinafter called “the Mortgagor”) of the SECOND PART AND CITICORP MERCHANT BANK LIMITED a licensed bank and trust company incorporated in the Republic of Trinidad & Tobago and registered as an External Compan

NINETEENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Nineteenth Amendment to Employment Agreement is made and entered into as of January 1, 2008, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Robert M. Gans (“Executive”).

EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Eighth Amendment to Employment Agreement is made and entered into as of January 1, 2008, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and John Hildebrandt (“Executive”).

EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Eighth Amendment to Employment Agreement is made and entered into as of January 1, 2008, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Jose Luis Laparte (“Executive”).

SETTLEMENT AGREEMENT AND RELEASE
Settlement Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores • Florida

THIS SETTLEMENT AGREEMENT AND RELEASE, made and entered into as of February 8, 2008 (the “Effective Date”), is by and among PriceSmart, Inc., PSMT Nicaragua, S.A., Inmobiliaria PSMT Nicaragua, S.A., PSMT Nicaragua (BVI), Inc., Pricsmarlandco S.A., PSMT Caribe, Inc., PriceSmart El Salvador, S.A. de C.V., Inmobiliaria PriceSmart El Salvador, S.A. de C.V., Prismar de Costa Rica, S.A., Consultant and Development Services, S.A., PriceSmart Honduras, S.A. de C.V., PriceSmart Dominicana, S.A., PriceSmart Panama, S.A., PriceSmart (Guatemala), S.A. and Ventures Services, Inc. (collectively, “PriceSmart” or the “PriceSmart Parties”) and PSC, S.A., Tecnicard, Inc., Banco de la Producción S.A., Banca Promerica S.A. [Costa Rica], Banco Promerica S.A. [Honduras], Banco Promerica S.A. [El Salvador], Banco de Ahorro y Credito Promerica C. Por A., formerly known as Financiera Promerica, S.A., St. Georges Bank & Company, Inc., Parque Industrial y Servicios de Coyol, S.A., Caribe Hospitality, S.A., Porta

TENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Tenth Amendment to Employment Agreement is made and entered into as of January 1, 2008, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Edward Oats (“Executive”).

TWELFTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Twelfth Amendment to Employment Agreement is made and entered into as of January 1, 2008, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Thomas Martin (“Executive”).

SEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Seventh Amendment to Employment Agreement is made and entered into as of January 1, 2008 by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and William Naylon (“Executive”).

ELEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2008 • Pricesmart Inc • Retail-variety stores

This Eleventh Amendment to Employment Agreement is made and entered into as of January 1, 2008 by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Brud Drachman (“Executive”).

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