Pricesmart Inc Sample Contracts

Pricesmart Inc – SEPARATION AGREEMENT WITH WAIVER AND RELEASE OF CLAIMS (November 27th, 2018)

This Separation Agreement with Waiver and  Release of Claims (“Agreement”) is made by and between Jose Luis Laparte (“Executive”) and PriceSmart, Inc. (the “Company”) (collectively referred to as the “Parties” or individually referred to as a “Party”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (November 27th, 2018)

This Employment Agreement (“Agreement”) is made as of November 20, 2018, between PriceSmart, Inc., a Delaware corporation (the “Company”), and Sherry Bahrambeygui (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (October 25th, 2018)

This Employment Agreement (“Agreement”) is made as of August 1, 2018 (the “Effective Date”), between PriceSmart, Inc. (the “Company”), and Ana Luisa Bianchi (the “Executive”).

Pricesmart Inc – 2013 EQUITY INCENTIVE AWARD PLAN PERFORMANCE STOCK UNIT GRANT NOTICE AND PERFORMANCE STOCK UNIT AGREEMENT (October 25th, 2018)

PriceSmart, Inc., a Delaware corporation (the “Company”), pursuant to the PriceSmart, Inc. 2013 Equity Incentive Award Plan (the “Plan”), hereby grants to the holder listed below (“Holder”), an award of performance stock units (“Performance Stock Units” or “PSUs”) with respect to the number of shares of the Company’s Common Stock (the “Shares”) indicated below.  Each PSU is hereby granted in tandem with a corresponding dividend equivalent, as further described in Article II of the Performance Stock Unit Agreement (the “Dividend Equivalents”).  This award for Performance Stock Units and Dividend Equivalents (this “Award”) is subject to all of the terms and conditions as set forth herein and in the Performance Stock Unit Agreement attached hereto as Exhibit A (the “Performance Stock Unit Agreement”) and the Plan, each of which are incorporated herein by reference.  Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and

Pricesmart Inc – EMPLOYMENT AGREEMENT (April 6th, 2018)

This Employment Agreement (“Agreement”) is made as of April 24, 2018, between PriceSmart, Inc. (the “Company”), and Maarten O. Jager (the “Executive”).

Pricesmart Inc – PROMISSORY NOTE (April 5th, 2018)

FOR VALUE RECEIVED, the undersigned, Pricesmart Honduras, S.A. de C.V. a sociedad anonima de capital variable organized and existing under the laws of Honduras (the “Borrower”) HEREBY PROMISES TO PAY to the order of Citibank, N.A. (together with its successors and assigns, hereinafter the “Bank”), acting through its international banking facility, the principal sum of Thirteen Million Five Hundred United States Dollars (U.S.$ 13,500,000.00) as stated in the amortization schedule in section 1 (d) hereof.

Pricesmart Inc – AMENDMENT TO THE 2013 EQUITY INCENTIVE AWARD PLAN OF PRICESMART, INC. (January 4th, 2018)
Pricesmart Inc – UnionBank COMMERCIAL PROMISSORY NOTE  (Base Rate) (October 26th, 2017)

FOR VALUE RECEIVED, on November 30, 2018, the undersigned ("Debtor”) promises to pay to the order of MUFG UNION BANK, N.A. ("Bank"), as indicated below, the principal sum of Forty Million and 00/100ths Dollars ($ 40,000,000.00), or so much thereof as is disbursed, together with Interest on the balance of such principal from time to time outstanding, at the per annum rate or rates and at the times set forth below. Any letter of credit issued and outstanding in connection with this note shall result in reduction of the amount available to Debtor.

Pricesmart Inc – EMPLOYMENT AGREEMENT (October 26th, 2017)

This Employment Agreement (“Agreement”) is made as of March 1, 2017, between PriceSmart, Inc. (the “Company”), and Laura Santana (the “Executive”).

Pricesmart Inc – PROMISSORY NOTE (July 5th, 2017)

FOR VALUE RECEIVED, the undersigned, PRICESMART CLUBS (TT) LIMITED organized and existing under the laws of Trinidad and Tobago (the “Borrower”) HEREBY UNCONDITIONALLY PROMISES TO PAY to the order of Citibank, N.A. (the “Bank”), acting through its international banking facility, the principal sum of Twelve Million United States Dollars (U.S.$12,000,000.00) as stated in the amortization schedule in Section 1(d) hereof.

Pricesmart Inc – UnionBank PROMISSORY NOTE SECURED BY MORTGAGE VARIABLE RATE Debtor Name PriceSmart, Inc. Debtor Address Office Loan Number 9740 Scranton Road 40061 7138345560 Suite 125 Maturity Date Amount San Diego, CA 92121 March 1, 2027 $35,700,000.00 $35,700,000.00 Date January 27, 2017 (April 6th, 2017)

FOR VALUE RECEIVED, on March 1, 2027 (the "Maturity Date"), the undersigned ("Debtor") promises to pay to the order of MUFG UNION BANK, N.A. ("Bank"), the principal sum of Thirty-Five Million Seven Hundred Thousand and No/100 Dollars ($35,700,000.00), or so much thereof as is disbursed, together with interest on the balance of such principal from time to time outstanding, at the per annum rate established at the times set forth below (the "Note Rate"). All computations of interest under this note shall be made on the basis of a year of 360 days, for actual days elapsed. Notwithstanding any other term or provision hereof to the contrary, if an interest Rate Hedge is outstanding, then interest on this note shall be computed on the basis of a year of 360 days, actual days elapsed.

Pricesmart Inc – UnionBank (January 5th, 2017)

MUFG Union Bank, N.A. (“Bank”) is pleased to present you (“Borrower”) with this proposal concerning a possible real estate secured loan (“Loan”) on the terms and conditions described below. Please understand that this letter is not a commitment or agreement to make a Loan; rather, it is intended to set forth some, but not all, of the terms the Bank would consider in making a loan.

Pricesmart Inc – 2002 MASTER AGREEMENT (January 5th, 2017)

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this 2002 Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties or otherwise effective for the purpose of confirming or evidencing those Transactions. This 2002 Master Agreement and the Schedule are together referred to as this “Master Agreement”.

Pricesmart Inc – TWENTY- NINTH AMENDMENT TO EMPLOYMENT AGREEMENT (October 27th, 2016)

This Twenty-Ninth Amendment to Employment Agreement is made and entered into as of June 16, 2015 by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and Brud Drachman ("Executive").

Pricesmart Inc – EMPLOYMENT AGREEMENT (October 27th, 2016)

This Employment Agreement (“Agreement”) is made as of July  14,  2016 (“Effective Date”), between PriceSmart, Inc. (the “Company”), and Francisco Velasco (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (October 27th, 2016)

This Employment Agreement (“Agreement”), effective as of November 1, 2015, between Pablo Eduardo Franceschi Guizado, male, national of the Republic of Panama, of legal age, holder of ID No. 8-423-837 acting in his capacity of Legal Representative of PriceSmart Panama, S.A. (the “Company”), a corporation duly formed under the laws of Panama and recorded on Microjacket Registration number, 308071, volume, 898, folio 241, at the Microfilm Mercantile Section of the Public Registry of the Republic of Panama, both of them domiciled in Plaza Golf Park, Brisas del Golf, PriceSmart Panama building, City of Panama, Republic of Panama, the Company being a wholly owned subsidiary of PriceSmart, Inc. (“PSI”), a Delaware, USA, corporation  (which, collectively with PriceSmart Panama, S.A., are hereafter referred to as the “Companies”), and Jesus Von Chong (the “Executive”).

Pricesmart Inc – FOURTH AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT (October 27th, 2016)

THIS FOURTH AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT (this “Amendment”) is made and entered into as of the date upon which the final signature of Landlord and Tenant is affixed hereto (the “Amendment Effective Date”), by and between CPT FLAGLER STATION II, LLC, a Delaware limited liability company, successor in interest to FDG Flagler Station I, LLC, a Delaware limited liability company (“Landlord”), and PRICESMART, INC., a Delaware corporation (“Tenant”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (October 27th, 2016)

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as of the 16th day of June, 2015, by and between PriceSmart, Inc, a Delaware corporation ("Employer"), and Rodrigo Calvo ("Executive").

Pricesmart Inc – PROMISSORY NOTE Reference number 200206762 Amount in Colones (Official currency of Costa Rica) 3,955,125,000.00 (January 7th, 2016)

By means of this promissory note, PRISMAR DE COSTA RICA, S,A, with LEGAL ENTITY IDENTIFICATION NUMBER 3-101-231707, whose LEGAL STATUS IS REGISTERED AND IN EFFECT IN ACCORDANCE WITH THE LEGAL ENTITY REGISTRY SECTION OF THE NATIONAL REGISTRY, UNDER THE BEFORE STATED LEGAL ENTITY IDENTIFICATION NUMBER, REPRESENTED BY ITS BROADLY EMPOWERED ATTORNEY-IN-FACT, MR. MARCO TORRES CHACON, WITH IDENTITY CARD NUMBER 1-1158-0461, NEIGHBOR OF SAN JOSÉ, promises to unconditionally pay BANCO BAC SAN JOSE, S.A., with legal entity number three one zero one zero one two zero zero nine two six, domiciled in the city of San José, the amount of THREE THOUSAND NINE HUNDRED AND FIFTY-FIVE MILLION ONE HUNDRED AND TWENTY-FIVE THOUSAND COLONES (official currency of Costa Rica) monetary amount that it received to its full and entire satisfaction, as a commercial loan, debt which must be paid at the offices of Banco Bac San José, .S.A, in the city of San José, in the official currency of the country, as follows:

Pricesmart Inc – EMPLOYMENT AGREEMENT (January 7th, 2016)

This Employment Agreement (“Agreement”) is made as of November 1, 2015, between PriceSmart, Inc. (the “Company”), and Frank R. Diaz (the “Executive”).

Pricesmart Inc – Señores (October 29th, 2015)

Solicito un desembolso por un monto de USD7.500.000,00 de la Linea de Credito aprobada a favor de mi representada, el cual debera girarse bajo las siguientes condiciones:

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and Thomas D. Martin (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and Robert M. Gans (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and Brud E. Drachman (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and Rodrigo Calvo (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and Jose Luis Laparte (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and William J. Naylon (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and John D. Hildebrandt (the “Executive”).

Pricesmart Inc – EMPLOYMENT AGREEMENT (September 2nd, 2015)

This Employment Agreement (“Agreement”) is made as of September 1, 2015, between PriceSmart, Inc. (the “Company”), and John M. Heffner (the “Executive”).

Pricesmart Inc – SECOND AMENDED AND RESTATED BYLAWS OF PRICESMART, INC. (HEREINAFTER CALLED THE “CORPORATION”) (July 17th, 2015)
Pricesmart Inc – THIRTIETH AMENDMENT TO EMPLOYMENT AGREEMENT (July 9th, 2015)

This Thirtieth Amendment to Employment Agreement is made and entered into as of March 1, 2015, by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and Thomas Martin ("Executive").

Pricesmart Inc – TWENTY- EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT (July 9th, 2015)

This Twenty-Eighth Amendment to Employment Agreement is made and entered into as of March 1, 2015 by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and Brud Drachman ("Executive").

Pricesmart Inc – TWENTY- SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT (July 9th, 2015)

This Twenty-Sixth Amendment to Employment Agreement is made and entered into as of March 1, 2015, by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and John Hildebrandt ("Executive").

Pricesmart Inc – PROMISSORY NOTE (July 9th, 2015)

FOR VALUE RECEIVED, the undersigned, Pricesmart Honduras, S.A. de C.V. a sociedad anonima de capital variable organized and existing under the laws of Honduras (the “Borrower”! HEREBY PROMISES TO PAY to the order of Citibank, N.A. (the “Bank”!, acting through its international banking facility, the principal sum of Eight Million Five Hundred United States Dollars (U.S.$ 8,500,000.00) as stated in the amortization schedule in Section 1(d) hereof.

Pricesmart Inc – TWENTY-FIFTH AMENDMENT TO EMPLOYMENT AGREEMENT (April 9th, 2015)

This Twenty-Fifth Amendment to Employment Agreement is made and entered into as of January 1, 2015, by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and John Hildebrandt ("Executive").