FIFTEENTH AMENDMENT TO EMPLOYMENT AGREEMENT

This Fifteenth Amendment to Employment Agreement is made and entered into as of
March 1, 2009 by and between PriceSmart, Inc., a Delaware Corporation
("Employer") and Brud Drachman ("Executive").

Recitals

A)  
On January 11, 2000 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 further 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 March 31, 2000 and shall continue until March 31, 2009 unless sooner
terminated or extended as hereinafter provided.

is hereby amended, effective March 1, 2009, to provide as follows:

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 hereinafter provided.

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.

Brud
Drachman                                                                                     By:
____________________

______________________                                                             Name:
Jose Luis Laparte

Its: President