SEVENTEENTH AMENDMENT TO EMPLOYMENT AGREEMENT
This Seventeenth Amendment to Employment Agreement is made and entered into as of March 15, 2010 by and
between PriceSmart, Inc., a Delaware Corporation ("Employer") and Brud Drachman ("Executive").
3.1 Term . The term of Executive’s employment hereunder shall commence on March 31,
2000 and shall continue until March 31, 2010 unless sooner terminated or extended as
is hereby amended, effective March 15, 2010, to provide as follows:
Executed in San Diego, California, as of the date first written above.
Brud Drachman By: ____________________
______________________ Name: Jose Luis Laparte
A) On January 11, 2000 an Employment Agreement was made and entered into by and between Employer and
B) Said Employment Agreement has been amended on sixteen prior occasions;
C) Employer and Executive now desire to further amend the Employment Agreement, as set forth hereinbelow:
1. Section 3.1 of the Agreement which provides:
3.1 Term . The term of Executive’s employment hereunder shall commence on March 31, 2000 and shall
continue until March 31, 2011 unless sooner terminated or extended as hereinafter provided.
2. All other terms of the Employment Agreement, as amended, shall remain unaltered and fully effective.