0001041803-14-000053 Sample Contracts

COLLECTIVE AGREEMENT
Collective Agreement • October 30th, 2014 • Pricesmart Inc • Retail-variety stores

This Collective Agreement By and Between the Oilfields Workers' Trade Union (hereinafter called "Union") and PriceSmart Clubs (TT) Ltd., formerly PS Operations Ltd. (hereinafter called "PriceSmart"), on behalf of the hourly rated weekly paid Employees and hourly rated bi-monthly paid Employees of Bargaining Unit No. 1, as per Certificate No. 2/2008 of the Registration, Recognition and Certification Board, (wherein the corporate name is incorrectly stated as “PriceSmart Trinidad Limited”) is entered into effective as of December 1st, 2012 (hereinafter called "Agreement") under the following agreed terms and conditions:

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TWENTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • October 30th, 2014 • Pricesmart Inc • Retail-variety stores

This Twenty-Fourth Amendment to Employment Agreement is made and entered into as of January 1, 2014, by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and John Hildebrandt ("Executive").

PROMISSORY NOTE AMENDMENT AGREEMENT
Promissory Note Amendment Agreement • October 30th, 2014 • Pricesmart Inc • Retail-variety stores • New York
AMENDMENT TO LOAN AGREEMENT
Loan Agreement • October 30th, 2014 • Pricesmart Inc • Retail-variety stores

This AMENDMENT (hereinafter called “this Amendment”) to a loan agreement dated the 28th day of August, 2012 is made the 28th day of August, 2014 between PSMT (BARBADOS) Inc., a company registered under the provisions of the Companies Act, Chapter 308 of the Laws of Barbados as Company Number 32341, being an amalgamation of PSMT (Barbados) Inc. and Regan Lodge Inc. by virtue of a Certificate of Amalgamation dated the 1st day of September 2009 and having its registered office situate at Chancery House, High Street, Bridgetown in Barbados (hereinafter called “the Borrower”), of the One Part, and CITICORP MERCHANT BANK LIMITED, a company incorporated in Trinidad and Tobago, having registered as an external company under the Laws of Barbados and licensed under the Financial Institutions Act of Barbados and having a place of business in Barbados situate at Cedar Court, Wildey Business Park, Wildey, St. Michael, Barbados (hereinafter called “the Lender”), of the Other Part.

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