Document:

<PAGE>

                             "PAGARE COMERCIAL"

                                        Vencimiento  22  de  Junio  de  2000
                                                    ----    -------    ------

Pro este pagare por valor recibido en __________________ el (los) suscrito(s)
se obliga (n) a pagar a la Orden del Banco Dominicano del Progroso S.A., que
en lo sucesivo se denominara EL BANCO, en su asiento social o on cualquiera
de sus sucursales la cantidad de DOS MILLONES CON 00/100 dolares de los
Estados Unidos de America. US$2,000,000.00, con intereses pagaderos
_______________ en la misma moneda a partir de ______________________ al tipo
de _____________, por ciento anual sobre los saldos insolutos de la suma
adeudada ademas de las comisiones al tipo de 10.5 por ciento anual sobre los
saldos insolutos, pero en caso de falta de pago a su vencimiento, los saldos
vencidos devengaran intereses a la tasa maxima permitida por la Ley Los pagos
del capital se realizaran de la siguiente manera.

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

Si durante la vigencia de este pagare, una nueva ley, decreto o resolucion de
la Junta Monetaria, autorizara un sumento de la tasa de interes y/o comision
por encima de las pactadas en el presente pagare, o para el caso en que se
produjere un atraso respecto a la fecha en que debio ser efectuado algon pago
con cargo a dicho pagare. EL BANCO estara facultado a aumentar unilateralmente
las comisiones y/o intereses contemplados en este pagare hasta el monto
maximo que le fuere permitido, pravio aviso a los suscritos con cinco (5)
dias de anticipacion.

En caso de que el capital sea pagado mediante cuotas, el capital, los
intereses y comisiones vencidos a la fecha, seran pagados conjuntamente. Los
pagos de intereses y de capital se realizaran por el(los) suscrito(s) en el
domicilio de EL BANCO sin necesidad de cobranza ni de puesta en mora. El(los)
suscrito(s) se compromete(n) en caso de no cumplir a su vencimiento con una
cualquiera de sus obligaciones de pago, a pagar por concepto de mora, a
titulo de clausula penal, el ______________ % mensual sobre el monto de las
cuotas vencidas, sin formalidad judicial o extrajudicial alguna.

La falta de pago de une o mas cuotas de capital, intereses y/o comisiones
previstas en este pagare: el mandamiento de secuestro o embargo en alguna
ejecucion entablada en contra de cualquiera de el(los) suscrito(s) y en caso
de muerte, quiebra o interdiccion de uno cualquiera, prodocira de pleno
derecho y sin necesidad de ninguna formalidad judicial o extrajudicial la
caducidad del termino establecido, haciendose exigible inmediatamente el
capital adeudado mas los intereses y comisiones a la fecha.

El (los) suscrito(s) se compromate (n) a pagar en caso de incumplimiento de
la presente obligacion, todos los honorarios de abogados y gastos en que
pudiere incurrir EL BANCO en el cobro de la misma bion sea mediante
procedimiento judicial o de cualquier otra manera: estipulandose ademas, que
en caso de que se iniolara un procedimiento judicial para el cobro de esta
obligacion, el (los) suscrito (s) se compromete (n) a pagar al tenedos de esta
obligacion, una suma liquida para cubrir los honorarios del abogado,
equivalente a la que sea mayor entre el _____________ % del balance de la
misma y _________________________, mas las costas del procedimiento.

El (los) suscrito (s) y el (los) endosantes de este pagare, por el presente
renuncia (n) a la presentacion para el pago, notificacion de falta de pago,
protesto, notificacion del protesto y cada una conviene en que el (los)
tenedor (es) de este pagare, podra (n) prorrogar la fecha de pago, con o sin
aviso a todas o cada una de las partes de la obligacion y que en lo sucesivo
todas las partes continuaran siendo responsables de la misma, como si todas y
cada una de ellas, dubiese expresamente consentido en tal prorroga. Para la
ejecucion de la presente obligacion, se atribuye competencia a los tribunales
de comercio de la Republica Dominicana.

En caso de fallecimiento de el(los) suscrito(s), se considerara esta deuda
como indivisible fronte a sus herederos, quienes responderin individualmente
y por si mismos por la totalidad de la deuda, incluyendo intereses y
comisiones como si fueran ellos mismos. Tambien reconocen que la emision de
este pagare no implica novacion de la deuda existente con anterioridad el
mismo, por lo que mantiene su vigor y efecto, con todas las consecuencias que
la ley le otorga cualquier garantia real, prendaria, cesion de credito,
certificado de deposito o colateral que pudiese existir a favor de EL BANCO.

El(los) suscrito (s) expresamente autoriza (n) y faculta (n) a EL BANCO, a su
opcion, y en cualquier momento, a apropiarse y a aplicar el pago de este
pagare y de cualquier otra obligacion u obligaciones existentes en el
presente o en que incurran en el futuro el(los) syscrito(s), individual o
conjuntamente, en favor de EL BANCO, vencida o no, toda suma de dinero que
este actualmente o estuviere en el futuro en manos de EL BANCO bien sea en
deposito o en cualquier otra forma, acreditadas a, o pertenecientes a el(los)
suscrito(s).

El   VEINTITRES   (23) de  DICIEMBRE        de  MIL NOVECIENTOS NOVENTA Y NUEVE
  ---------------        ---------------      ----------------------------------

                [SEAL]                            [SEAL]

  /s/ [ILLEGIBLE]                          PRICESMART DOMINICANA, S.A.
----------------------------------------   ------------------------------------

Cedula  09390474 [ILLEGIBLE] Seria  USA    Cedula  001-0102205-1
      ----------------------       -----          -----------------------------<PAGE>

                                                                 Exhibit 10.6(b)

                          "COMMERCIAL PROMISSORY NOTE"

                                                                  COD-031C050036

                                                         Maturity: June 22, 2000

By way of this promissory note for the value received in ____________________
the undersigned party (parties) is (are) bound to pay to the Order of Banco
Dominicano del Progreso, S.A., from now on denominated THE BANK, at its business
headquarters or at any of its branches the amount of TWO MILLION DOLLARS WITH
00/100, currency of the United States of America. US$2,000,000.00, with
interests payable _____________________ in the same currency as of the
______________________ at the rate of ___________%, percent annually on the
unpaid balances of the due sum in addition to the commissions at the rate of
10.5 percent annually on the unpaid balance, but in the case of default in
payment upon maturity, the unpaid balances will earn interests at the maximum
rate allowed by the Law. The payments of capital will be made in the following
manner:

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

If, during the term of this promissory note, a new law, decree or resolution is
enacted by the Monetary Board, it will authorize an increase in the interest
rate and/or commission over the rate agreed in this promissory note, or if there
is a delay regarding the date when a payment should have been made with a
surcharge on the mentioned promissory note. THE BANK will have the faculty to
unilaterally increase the commissions and/or interests contemplated in this
promissory note, up to an amount that is permitted, with previous notice to the
subscribed parties five (5) days in advance.

In the case the capital is paid through installments, the capital, the interests
and commissions that have matured to date, will be paid jointly. The payments of
interests and of capital will be made by the subscribed party (parties) at the
domicile of THE BANK without the need of collection nor of arrears. The
subscribed party (parties) are bound that in the case of default at the time of
maturity with one of their obligations for payment, to pay for the concept of
arrears, by way of penal clause, _______ % monthly on the amount of the expired
installments, without any judiciary or out of court formality

Default in payment of one or more installments of capital, interests and/or
commissions foreseen in this promissory note: the order of a forfeiture or lien
on and execution presented against one of the subscribed parties and in the case
of death, bankruptcy or interdiction of one of them, will produce in full right
and without the need of any judiciary or out of court formality, the expiration
of the

<PAGE>

established term, immediately requiring the due capital plus the interests and
commissions to date.

The subscribed party (parties) is (are) bound to pay in case of default of this
obligation, all the attorneys' fees and expenses in which THE BANK may incur in
the collection of the same, whether by judiciary procedure or by any other
means; also stipulating, that in case that a judiciary procedure is initiated
for the collection of this obligation, the subscribed party (parties) is (are)
bound to pay the holder of this obligation, a liquid sum to cover the attorneys'
fees, equivalent to whichever is higher between ______% of the balance of the
same and ______________, plus the cost of the proceedings.

The subscribed party (parties) and the endorser (endorsers) of this promissory
note, hereby waive the presentation for the payment, notice of default in
payment, protest, notice of protest and he (each) agrees (agree) that the holder
(holders) of this promissory note, may extend the date of payment, with or
without notice to all or each one of the parties of the obligation and that in
the future all the parties will continue responsible for the same, as if all and
each one of them, had expressly consented to the extension. For the execution of
this obligation, competence is attributed to the courts of commerce of the
Dominican Republic.

In the case of death of the subscribed party (parties), this debt will be
considered indivisible in the charge of the heirs, who will respond individually
and per se for the total amount of the debt, including interests and commissions
as if it were they. They also acknowledge that the issuance of this promissory
note does not imply novation of the debt existing previous to the same, reason
why it keeps its term and effect, with all the consequences granted by law, any
security, real, pledge, assignment of credit, certificate of deposit or
collateral that could exist in favor of THE BANK.

The subscribed party (parties) expressly authorizes (authorize) and empowers
(empower) THE BANK, at its option, and at any moment, to take possession of and
to apply to the payment of this promissory note and of any other obligation or
obligations existing at the moment or in which the party (parties) may incur in
the future, individually or jointly, in favor of THE BANK, matured or not, any
sum of money that is currently or that in the future is in hands of THE BANK,
either in deposit or in any other manner, credited to, or belonging to the
subscribed party (parties).

ON THE TWENTY-THIRD (23RD) OF DECEMBER OF NINETEEN HUNDRED AND NINETY-NINE

(Signature, not legible)
(Rubber Stamp of PriceSmart Dominicana, S.A.)

<PAGE>

Identification Card 093904746)

(Signature, not legible)
(Rubber Stamp of PriceSmart Dominicana, S.A.)
Identification Card No. 001-0102205-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]