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EIGTHTEENTH  AMENDMENT TO EMPLOYMENT AGREEMENT

This Eighteenth Amendment to Employment Agreement is made and entered into as of
October 1, 2011, 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 seventeen 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, 2011, 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, 2012, 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