PRICESMART INC - FORM 10-Q - EX-10.1 - FIFTEENTH AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND JLL - January 7, 2011

Attached files

file filename
10-Q - 1ST QUARTER 10-Q FY11 - PRICESMART INCform10q.htm
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, CEO - PRICESMART INCex32_1.htm
EX-10.2 - TWENTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND RMG - PRICESMART INCex10_2.htm
EX-10.7 - ADDENDUM NO. 2 TO PURCHASE AGREEMENT BETWEEN PRICESMART COLOMBIA S.A.S. AND CEMENTOS ARGOS S.A. - PRICESMART INCex10_7.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302, CFO - PRICESMART INCex31_2.htm
EX-10.6 - ADDENDUM NO. 1 TO PURCHASE AGREEMENT BETWEEN PRICESMART COLOMBIA S.A.S. AND CEMENTOS ARGOS S.A. - PRICESMART INCex10_6.htm
EX-10.3 - LOAN AGREEMENT BETWEEN PRICESMART COLOMBIA, S.A.S. AND CITIBANK, N.A. - PRICESMART INCex10_3.htm
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, CFO - PRICESMART INCex32_2.htm
EX-10.5 - PURCHASE AGREEMENT BETWEEN PRICESMART COLOMBIA S.A.S. AND CEMENTOS ARGOS S.A. - PRICESMART INCex10_5.htm
EX-10.4 - DEPOSIT BETWEEN PRICESMART, INC. AND CITIBANK, N.A. NEW YORK - PRICESMART INCex10_4.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302, CEO - PRICESMART INCex31_1.htm
FIFTEENTH AMENDMENT TO EMPLOYMENT AGREEMENT


This Fifteenth Amendment to Employment Agreement is made and entered into as of October 6, 2010, by and between PriceSmart, Inc., a Delaware Corporation ("Employer") and Jose Luis Laparte ("Executive").

Recitals

A)  
On June 3, 2004 an Employment Agreement was made and entered into by and between Employer and Executive.

B)  
Said Employment Agreement has been amended on fourteen prior occasions;

C)  
Employer and Executive now desire to amend the Employment Agreement, as set forth hereinbelow:

Agreement

1.  
Section 3.1 of the Agreement which provides:

3.1           Term.  The term of Executive's employment hereunder shall commence on October 8, 2004 and shall continue until October 7, 2010, unless sooner terminated or extended as hereinafter provided (the "Employment Term").
 
 
is hereby amended, to provide as follows:

3.1 Term.  The term of Executive's employment hereunder shall commence on October 8, 2004 and shall continue until October 7, 2011, unless sooner terminated or extended as hereinafter provided (the "Employment Term").

2.  
All other terms of the Employment Agreement, as amended, shall remain unaltered and fully effective.


Executed in San Diego, California, as of the date first written above.


EXECUTIVE                                                                                                EMPLOYER
PRICESMART, INC.

Jose Luis Laparte                                                                            By:           _________________ 

______________________                                                              Name:       _________________                                              
                             Its:           __________________

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