0001193125-04-118908 Sample Contracts

PriceSmart, Inc. San Diego, CA 92121-1745 Tel 858 404-8800 Fax 858 404-8848
Pricesmart Inc • July 15th, 2004 • Retail-variety stores
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SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Pricesmart Inc • Retail-variety stores

This Sixth Amendment to Employment Agreement is made and entered into as of March 15, 2004, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Brud Drachman (“Executive”).

AGREEMENT OF PURCHASE AND SALE (with Escrow Instructions) AND LEASEBACK
Agreement of Purchase and Sale • July 15th, 2004 • Pricesmart Inc • Retail-variety stores • California

This AGREEMENT OF PURCHASE AND SALE (with Escrow Instructions) and LEASEBACK (“Agreement”) is made this 6th day of May, 2004, by and between The Price Group, LLC, a California limited liability company (referred to herein as “Purchaser”) and PriceSmart, Inc., a Delaware corporation, as agent for and on behalf of its wholly-owned (through a subsidiary company) subsidiary Inmobiliaria PriceSmart, S.A., a Dominican Republic company (referred to herein as “Seller”).

FIFTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Pricesmart Inc • Retail-variety stores

This Fifth Amendment to Employment Agreement is made and entered into as of March 15, 2004, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Edward Oats (“Executive”).

SEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Pricesmart Inc • Retail-variety stores

This Seventh Amendment to Employment Agreement is made and entered into as of March 15, 2004, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Thomas Martin (“Executive”).

THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Pricesmart Inc • Retail-variety stores

This Third Amendment to Employment Agreement is made and entered into as of March 15, 2004, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and John Hildebrandt (“Executive”).

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