CERTAIN MATERIAL (INDICATED BY “[#]”) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION.
Sept 29, 2008
PRICSMARLANDCO, S.A. a company established and organized in accordance with the laws of the Costa Rica, domiciled in
San José, at PriceSmart Building, next to the National Register, Curridabat, with corporate number 3-101-229948 (“
PRICESMART ” ), represented in this act by Mr. MANRIQUE UGALDE OBANDO, Costa Rican citizen, of legal age, married
(second marriage), business administrator, bearer of identity card number [#], acting in his capacity as GENERAL LEGAL
REPRESENTATIVE with sufficient powers to celebrate this act, and
JB ENTERPRISES INC. , a corporation established and organized in accordance with the laws of the Republic of Panama,
domiciled in Panama City, province of Panama, Republic of Panama, registered in the Public Registry of Panama in the Trade
Section, under record number 493801, Redi document number 797423, (“ JBE ” ), represented in this act by [#], Costa Rican
citizen, of legal age, married, businessman, bearer of Identity Card number [#], acting in his capacity as President, with sufficient
powers to perform this act.
PRICESMART and JBE shall from here on in be jointly referred to as the PARTIES and individually as the PARTY.
(i) WHEREAS, HACIENDA SANTA ANITA, SOCIEDAD ANÓNIMA, a corporation established and organized in
accordance with the legislation of Cost Rica, domiciled at: Barrio Cristo Rey, Alajuela, 250 metros al oeste de
Servicentro Santa Anita, with corporate identification number 3-101-003937 ( SANTA ANITA ), is the owner of the
property that is registered in the Public Registry of the District of Alajuela, registration pertaining to paper record
440671-000, THE PROPERTY; from which the following plots of land are segregated: LOT ONE , consisting of a