0001193125-03-095068 Sample Contracts

THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Third Amendment to Employment Agreement is made and entered into as of November 19, 2002, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Edward Oats (“Executive”).

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ELEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Eleventh Amendment to Employment Agreement is made and entered into as of July 24, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Robert M. Gans (“Executive”).

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Second Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and John Hildebrandt (“Executive”).

FIFTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Fifth Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Brud Drachman (“Executive”).

FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Fourth Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Edward Oats (“Executive”).

PSMT PHILIPPINES, INC. LOAN AGREEMENT
Loan Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

Each execution copy of this Loan Agreement is signed in full by the signatories and the witnesses on the signature page and initialed on the other pages.

SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Sixth Amendment to Employment Agreement is made and entered into as of January 22, 2003, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Thomas Martin (“Executive”).

FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 16th, 2003 • Pricesmart Inc • Retail-variety stores

This Fourth Amendment to Employment Agreement is made and entered into as of November 19, 2002, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Brud Drachman (“Executive”).

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