Attached files

file filename
EX-10.2 - EXHIBIT 10.2 THIRTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT - PRICESMART INCexhibit102q1fy2015.htm
EX-10.3 - EXHIBIT 10.3 THIRD AMENDMENT TO LEASE (EXPANSION) AGREEMENT - PRICESMART INCexhibit103q1fy2015.htm
EX-10.5 - EXHIBIT 10.5 PROMISSORY NOTE - PRICESMART INCexhibit105q1fy2015.htm
EX-10.4 - EXHIBIT 10.4 TERM LOAN - PRICESMART INCexhibit104q1fy2015.htm
EX-32.1 - EXHIBIT 32.1 CERTIFICATION SECTION 1350 - PRICESMART INCexhibit321certificationofc.htm
EX-31.2 - EXHIBIT 31.2 CERTIFICATION 302 - PRICESMART INCexhibit312certificationq1f.htm
EX-32.2 - EXHIBIT 32.2 CERTIFICATION SECTION 1350 - PRICESMART INCexhibit322certificationofc.htm
EXCEL - IDEA: XBRL DOCUMENT - PRICESMART INCFinancial_Report.xls
10-Q - 10-Q - PRICESMART INCpsmt-10qmasterdocumentq1fy.htm
EX-31.1 - EXHIBIT 31.1 CERTIFICATION SECTION 302 - PRICESMART INCexhibit311certificationq1f.htm


            
                
TWENTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT


This Twenty-Fourth Amendment to Employment Agreement is made and entered into as of October 1, 2014, 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 twenty-three prior occasions;

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

Agreement

1.
Section 3.1 of the Employment Agreement, which currently provides:

3.1     Term. The term of Executive's employment hereunder shall commence on October 8, 2004 and shall continue until October 7, 2014, unless sooner terminated or extended as hereinafter provided (the "Employment Term").
 
is hereby amended, to provide as follows:

1.Term. The term of Executive's employment hereunder shall commence on October 8, 2004 and shall continue until October 7, 2015, 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: Robert M. Gans    

Its:     Executive Vice President