Document:

FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT

 Exhibit 10.1 
  
 FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT 
  
 This FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”) is made and entered into as of September 3, 2003
by and among Neoforma, Inc., a Delaware corporation (“Parent”), Neocars Corporation, a Delaware corporation that is a wholly-owned subsidiary of Parent (“Buyer”), and I-many, Inc., a Delaware
corporation (“Seller”). 
  
 RECITALS

  
 A.    Parent, Buyer and Seller are
parties to a certain Asset Purchase Agreement dated as of July 18, 2003 (the “Agreement”). 
  
 B.    Parent, Buyer and Seller desire to amend the Agreement in the manner hereinafter set forth. 
  
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein,
the parties hereby agree as follows: 
  
 1.    Capitalized terms used herein and not defined herein shall have the meaning given to them in the Agreement. 
  
 2.    Exhibit B attached to the Agreement is hereby deleted and Exhibit B attached hereto is substituted therefor. 
  
 3.    Section 1.1 of the Agreement is hereby amended to
add or to amend the following defined terms, which defined terms shall be inserted in their appropriate alphabetical order: 
  
 “Escrow Cash” has the meaning set forth in Section 2.7. 
  
 “Escrow Period” means (i) with respect to the Escrow Shares, a period beginning on the Closing Date
and ending on the first anniversary of the Closing Date, and (ii) with respect to the Escrow Cash, the earlier of (A) a period beginning on the Closing Date and ending on the fifth anniversary of the Closing Date and (B) a period beginning on the
Closing Date and ending on the termination date of the Maintenance Services Agreement between the Seller and the Excepted Customer, which is substantially in the form attached as Exhibit D to the Excepted Customer Software License Agreement. Parent
shall deliver written notice of such termination to Seller and the Escrow Agent within 10 Business Days of the termination or, if earlier, within 10 Business Days following Parent’s receipt from the Excepted Customer of its written notice of
termination of the Maintenance Services Agreement. 
  
 “Excepted Customer” means the customer under the Excepted Customer Software License Agreement. 

 “Excepted Customer Professional Services Agreement” means that certain Consulting
and Professional Services Agreement by and between Seller and the Excepted Customer. 
  
 “Excepted Customer Software License Agreement” means that certain Software License Agreement by and between Seller and the Excepted Customer, a copy of which is attached to this Amendment as
Schedule 1.1.” 
  
 “Parent Party” has
the meaning set forth in Section 7.2(h)(1). 
  
 “Section 11B” has the meaning set forth in Section 7.2(h). 
  
 “Section 15B” has the meaning set forth in Section 7.2(h). 
  
 4.    The initial paragraph of Section 2.7 and Section 2.7(a) of the Agreement are hereby amended in their entirety to read as
follows: 
  
 “2.7    Purchase Price
and Escrow. In consideration of the sale, assignment, transfer and conveyance of all the Purchased Assets (free and clear of all Encumbrances) to Buyer at the Closing, Buyer shall (i) pay Seller $10.0 million in cash, of which $760,000 will be
deposited in an account with the Escrow Agent (the “Escrow Cash”), and (ii) issue to Seller shares of Parent Common Stock (collectively, the “Purchase Price”). The Escrow Agent will hold the Escrow
Cash as collateral and partial security for Seller’s indemnification obligations under Section 7.2(h) and Section 7.2(i) hereunder for the applicable Escrow Period and will release amounts in accordance with the Escrow Agreement and Article 7,
“Indemnification.” The shares of Parent Common Stock shall be issued in the following amount and manner: 
  
 (a)    At the Closing, Buyer shall issue such number of shares of Parent Common Stock as shall be equal to the quotient (rounded to
the nearest whole number) of (A) $10.0 million divided by (B) the Parent Average Stock Price (the “Closing Shares”). Of the aggregate number of Closing Shares to be issued by Parent at the Closing, 20% of such Closing Shares
(rounded up to the nearest whole number) (the “Escrow Shares”) will be deposited in an account with the Escrow Agent. The Escrow Agent will hold the Escrow Shares as collateral to secure Seller’s indemnification
obligations hereunder for the applicable Escrow Period and will release amounts in accordance with the Escrow Agreement and Article 7, “Indemnification.” The portion of the Closing Shares that are not Escrow Shares are referred to herein
as “Guaranteed Shares.” 
  
 5.    Section 2.10(b) of the Agreement is hereby amended in its entirety to read as follows: 
  
 “(b)    payment of $9,240,000 in cash by wire transfer to the account designated in writing by Seller at least two days prior to
the Closing Date;” 
  
 6.    Section
3.2(b) of the Agreement is hereby amended in its entirety to read as follows: 
  
 “(b)    Stockholder Consents. Seller has determined to obtain the vote of the holders of a majority of Seller Common Stock (the “Requisite Stockholder Approval”) to adopt this

 Agreement and approve the Asset Purchase. Except as provided in the preceding sentence, no other action or approval on
the part of the holders of any of Seller’s securities is required in order to validly approve and adopt this Agreement and approve the Asset Purchase.” 
  
 7.    Section 5.11(h) of the Agreement is hereby amended to insert “(i)” at the beginning of
the first paragraph thereof and the following after the end of such paragraph: 
  
 “(ii)    Seller agrees to provide, within two (2) Business Days of the date hereof, notice to the Significant Customer, in the form attached hereto as Exhibit E, of its intent to assign
the Significant Customer Agreements to Parent or Buyer as of the Closing Date. Notwithstanding anything to the contrary in the Agreement, Seller shall use best efforts to assign the Significant Customer Agreement(s) at Closing pursuant to mutually
acceptable assignment terms (provided that Seller shall not be required to pay any fees to secure the Significant Customer’s consent to such assignment), and Buyer and/or Parent shall accept such assignment. 
  
 (iii)    In the event that a (A) Significant Customer
contests such assignment or (B) Seller is unable to amend such Significant Customer Agreement(s), as set forth above, then, in the event that parent and Buyer permit Seller to continue working with the Significant Customer, Seller will, (W) at the
sole election of Parent and Buyer, appoint Parent and Buyer as the exclusive subdistributor for the exclusive industries/markets set forth in the Significant Customer Agreements relating primarily or exclusively to the Life Sciences Market; (X)
advocate to the Significant Customer (and not take any action inconsistent with the objective) that the Significant Customer keep its existing products and make its planned products (including without limitation, any modifications, updates,
upgrades, and interfaces) available under such Significant Customer Agreement(s); (Y) advocate to the Significant Customer (and not take any action inconsistent with the objective) that the Significant Customer ensure the primacy of product
development deliveries for products primarily related to the Life Sciences Market, and ensure that such product development deliveries are made no later than April 1, 2004; and (Z) continue to perform all of Seller’s obligations under the
Significant Customer Agreement(s). Upon the written direction of Parent, Seller shall maintain and enforce the exclusivity provisions contained in such Significant Customer Agreement(s) through March 31, 2004 and/or renew or extend such Significant
Customer Agreement(s) for an additional 12-month term, and Parent and Buyer agree to reimburse Seller for monies actually paid by Seller upon Parent’s prior written direction to assign, maintain, renew, extend and/or enforce such Significant
Customer Agreement(s). 
  
 8.    Section 7.1
of the Agreement is hereby amended to delete the phrase “the expiration of the Escrow Period” in the sixth line of the paragraph and to insert the phrase “the first anniversary of the Closing Date” in its place. 
  
 9.    Section 7.2 of the Agreement is hereby amended to
delete the word “and” appearing at the end of paragraph (f) and to add the following new paragraphs immediately after paragraph (g): 
  
 “(h)    any claim, demand, suit, judgment, loss or expense that is made or asserted by Excepted Customer under Section 15B of the
Excepted Customer Software License Agreement (“Section 15B”) or Section 11B of the Excepted Customer Professional Services Agreement 

 (“Section 11B”) which results in payments by Parent or Buyer to the Excepted Customer; provided, however, that
the foregoing indemnification set forth in this Section 7.2(h) shall not apply to any amounts payable: 
  
 (1)    as a result of any professional services performed following the Closing by Parent, the Buyer or any affiliate thereof, or any
subcontractor thereof, or any of their respective officers, directors, agents, subcontractors, invitees or employees (each a “Parent Party”), 
  
 (2)    pursuant to subsection (i) of Section 15B or subsection (i) of Section 11B as a result of gross negligence or willful
misconduct of a Parent Party following the Closing, 
  
 (3)    pursuant to subsection (ii) or (v) of Section 15B or Subsection (ii) or (v) of Section 11B (unless the injury or illness is an employee of Seller or any of its affiliates or subcontractors, or the lost or damaged
property is owned by Seller or any of its affiliates or subcontractors), 
  
 (4)    pursuant to subsection (iii) of Section 15B or subsection (iii) of Section 11B, as a result of actions taken or not taken following the Closing by a Parent Party where such actions taken or
not taken constitute a failure to comply with any covenant or agreement of a Parent Party, or 
  
 (5)    pursuant to subsection (vi), (vii) or (viii) of Section 15B or subsection (vi), (vii) or (viii) of Section 11B as a result of actions taken or not taken following the Closing by a Parent
Party; 
  
 (i)    any action or occurrence
which results in the payment of a refund by Parent or Buyer to Excepted Customer pursuant to Section 10K of the Excepted Customer Software License Agreement; provided, however, that (i) Parent or Buyer, as the case may be, shall first offer the
Excepted Customer the rights to a product that replaces the discontinued software, product or modules (if Parent or Buyer makes such software generally available) under the terms and conditions of the Excepted Customer Software License Agreement at
no additional cost to the Excepted Customer and the Excepted Customer shall have failed to relicense such product from Parent or Buyer and (ii) the indemnification set forth in this Section 7.2(i) shall not apply to the refund of any amounts
collected by Parent, the Buyer or any affiliate thereof after the Closing; and 
  
 (j)    with respect to the information provided in writing by Seller (which shall be deemed to include any information contained in any Seller Exchange Act Documents that has not been superseded)
and included in (i) the Permit Application, the Hearing Notice, and the Information Statement, at the time each is filed with the California Commissioner, and, in the case of the Hearing Notice and Information Statement, at the time each is mailed
to the holders of Seller Common Stock, or (ii) the Seller Proxy Statement, at the time it is filed with the SEC, at the time it is mailed to the holders of Seller Common Stock and at the time of the Seller Stockholder Meeting, and in all cases at
all times subsequent thereto (through and including the Closing), any untrue statement of a material fact or any omission of any material fact required to 

 be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they
were made, not misleading. 
  
 10.    Section
7.3 of the Agreement is hereby amended to delete the word “and” appearing at the end of paragraph (e) to the end of paragraph (f), and to add the following new paragraph (g) immediately after paragraph (f): 
  
 “(g)    with respect to the information provided in
writing by the Buyer or Parent (which shall be deemed to include any information contained in any Parent Exchange Act Document that has not been superseded) and included in (i) the Permit Application, the Hearing Notice, and the Information
Statement, at the time each is filed with the California Commissioner, and, in the case of the Hearing Notice and Information Statement, at the time each is mailed to the holders of Seller Common Stock, and (ii) the Seller Proxy Statement, at the
time it is filed with the SEC, at the time it is mailed to the holders of Seller Common Stock and at the time of the Seller Stockholder Meeting, and in all cases at all times subsequent thereto (through and including the Closing), any untrue
statement of a material fact or any omission of any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 
  
 11.    Section 7.4(d) of the Agreement is hereby amended
in its entirety to read as follows: 
  
 “(d)    Notwithstanding anything contained herein to the contrary, the foregoing limitations on indemnification under this Article 7 shall not apply to any indemnification claim by any Parent Indemnified Person that
arises from or as a result of (i) any fraudulent conduct or fraudulent misrepresentation on the part of Seller or its personnel, (ii) any breach by Seller of its representations or warranties contained in Section 3.11 of this Agreement relating to
any infringement by Seller of any Intellectual Property Right of any other Person, (iii) any refund or similar payment of the purchase price relating to any products sold by Seller prior to Closing, (iv) any breach by Seller of its representations
or warranties contained in Section 3.2(c) of this Agreement or (v) any claim for indemnification made under Section 7.2(h) and Section 7.2(i). In the event that any Parent Indemnified Person makes any indemnification claim that arises from or as a
result of any infringement by Seller of any Intellectual Property Right of any other Person covered by clause (ii) of the preceding sentence, then under such circumstances, and solely for the purposes of any such claims, the Indemnification Cap will
be equal to $10.0 million; provided, however, that a Parent Indemnified Person shall only be entitled to seek recovery for any such infringement by Seller of any Intellectual Property Right of any other Person until the second anniversary of the
Closing Date. In the event that any Parent Indemnified Person makes any indemnification claim that arises from or as a result of any refund or similar payment covered by clause (iii) of the first sentence of this Section 7.4(d), then Seller will
promptly reimburse Parent in cash in the amount of any such refund or similar payment made by Parent to a third party, without regard to the provisions of Section 7.4(c). In the event that any Parent Indemnified Person makes any indemnification
claim that arises from or as a result of any refund or similar payment covered by clause (iii) of the first sentence of this Section 7.4(d) or that arises from or as a result of any breach by Seller of its representations or warranties contained in
Section 3.2(c) of this Agreement, then under such circumstances, and solely for the purposes of any such claims, the Indemnification Cap will be equal to $5.0 million; provided, further, that 

 with respect to any such indemnification claim made by any Parent Indemnified Person, such Parent Indemnified Person will
be entitled to recover for Damages first from the $3.0 million cash portion of the Indemnification Cap, and second, to the extent that such Damages exceed $3.0 million, from the Escrow Shares. In the event that any Parent Indemnified Person makes
any indemnification claim covered by clause (v) of the first sentence of this Section 7.4(d), then any recovery by such Parent Indemnified Person of any Escrow Cash or Escrow Shares as a result of such indemnification claim will not be credited to
the Seller Indemnifying Persons for purposes of determining whether the Seller Indemnifying Persons have reached or exceeded the Indemnification Cap.” 
  
 12.    Section 7.4 of the Agreement is hereby amended to add a new paragraph (g), which shall read as follows: 
  
 “Notwithstanding any provision contained in this Agreement to the
contrary, Seller shall not be liable to Parent or Buyer for any Damages for a breach by Seller of its obligations under subparagraphs (ii) or (iii) of Section 5.11(h), and Buyer’s and Parent’s sole recourse for any breach thereof shall be
an action for specific performance.” 
  
 13.    Section 7.5(a) of the Agreement is hereby amended to insert the word “applicable” before each occurrence of the phrase “Escrow Period” in the final sentence of the section. 
  
 14.    Section 7.5(d)(i) of the Agreement is hereby
amended to (i) insert the phrase “or Escrow Cash, as the case may be” in the seventh line of the paragraph after the phrase “Escrow Shares” and (ii) to replace the reference to “Section 7.3” in the seventh line of the
paragraph with “Section 7.4.” 
  
 15.    The Earnout Schedule is hereby amended to delete the word “down” where it appears in the definition of “First Tier Earnout Shares” and in the definition of “Second Tier Earnout
Shares.” 
  
 16.    Seller hereby
reaffirms its covenants contained in Section 5.2(g) of the Agreement. 
  
 17.    This First Amendment to Asset Purchase Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed will be deemed to be an
original but all of which taken together will constitute one and the same agreement. 
  
 18.    Except as modified hereby, the Agreement is in all other respects ratified and confirmed. 

 IN WITNESS WHEREOF, the parties have caused this First Amendment to Asset Purchase Agreement to be
executed as of the date first written above by their respective officers thereunto duly authorized. 
  
  

	I-MANY, INC.	 	 	 	NEOFORMA, INC.
					
	By:	 	 /s/    ROBERT G. SCHWARTZ, JR.

	 	 	 	By:	 	 /s/    DANIEL G. ECKERT

	 	 	 Name: Robert G. Schwartz, Jr.
 Title: VP,
General Counsel and Secretary
	 	 	 	 	 	 Name: Daniel G. Eckert
 Title:
President

  
  

	 	 	 	 	NEOCARS CORPORATION
					
	 	 	 	 	 	 	By:	 	 /s/    DANIEL G. ECKERT

	 	 	 	 	 	 	 	 	 Name: Daniel G. Eckert
 Title:
PresidentSeverance Agreement

 EXHIBIT 10.1 
  
 SEVERANCE AGREEMENT AND RELEASE OF CLAIMS 
  
 THIS SEVERANCE AGREEMENT AND RELEASE OF CLAIMS (“Agreement”) is entered into as of September 4, 2003 by and
between PRICESMART, INC. (referred to herein as “Company”) and Allan C. Youngberg (“Employee”). 
  
 This Agreement is made with reference to the following facts: 
  
 A. The Company employed Employee as Executive Vice President and Chief Financial Officer from July, 1999 through August 31, 2003. 
  
 B. The parties now desire to enter into a binding agreement regarding their
future relationship and to settle and compromise, once and forever, any disputes and controversies which may now exist or may in the future arise from the employment relationship and termination thereof. 
  
 WHEREFORE, the parties agree as follows: 
  
 1. Employee’s employment with the Company terminated effective August
31, 2003. After August 31, 2003 Employee shall not be entitled to any salary, wages, commissions, options, bonuses, profit sharing, benefits, insurance or other compensation from Company or any related entity except as specifically set forth in
paragraph (2) below. 
  
 2. In consideration for the execution of
this Agreement and the performance of the terms and conditions herein, the Company shall: 
  
 a) Pay to Employee severance pay in the total amount of one hundred thirteen thousand seven hundred fifty Dollars ($113,750), minus standard payroll deductions, to be paid as follows: (i) $40,000 on or before
September 30, 2003; and (ii) the remaining $73,750 to be paid in equal installments (in accordance with the Company’s customary payroll periods) over a five month period beginning October 1, 2003. 
  
 b) Enter into an Independent Contractor Agreement with Employee, in the form
attached hereto as Exhibit “A”. 
  
 c) Accept the
Collateral (as defined at the conclusion of this subparagraph) in satisfaction of $36,945.80 of the amount currently outstanding under Youngberg’s Promissory Note dated July 27, 1999 in favor of the Company in the initial principal amount of
$149,978 (the “Note”), and forgive the balance of the obligation owed by Youngberg to the Company under the Note immediately following such foreclosure and partial satisfaction. The term “Collateral” as used herein means the
3,658 shares of the Company’s common stock currently owned by Youngberg 
  

 1 

 under Stock Certificate No. PS0150 which the Company and Youngberg agree has a total value of $36,945.80
($10.10 per share, which is the closing price per share of said stock as of August 29, 2003). Youngberg hereby consents to the Company’s retaining the shares in satisfaction of that portion of the Note equal to the agreed-upon value of such
shares in accordance with the California Uniform Commercial Code (including without limitation Sections 9620 and 9622 thereof) and acknowledges that the Company shall have no obligation to sell the Collateral, or any portion thereof, at any public
or private sale or on any securities exchange or other recognized market, for cash, upon credit or for future delivery. Youngberg represents and warrants that the Collateral is not subject to any liens or encumbrances. 
  
 d) Pay, for a four month period commencing September 1, 2003, the insurance
premiums for Youngberg and Youngberg’s wife, as related to health, dental, vision and mental care (said premiums to be paid by Company as and when said premiums become due); provided, however, that the total obligation of Company with regard to
such premiums shall be up to (but shall not exceed) $1,000 per month. 
  
 3. Employee acknowledges that he is receiving more consideration under this Agreement than that which he would otherwise be entitled to receive. Employee further agrees and recognizes that by signing this Agreement, his/her employment
relationship with Company is permanently and irrevocably severed as of the date set forth in Paragraph 1(a) above, or earlier date pursuant to Paragraph 1(b) above, and that Company and its related, affiliated, parent or subsidiary companies, if
any, have no obligation, contractual or otherwise, to hire, rehire, re-employ, or recall Employee in the future (except as set forth in Paragraph 2(b), above). 
  

4. Employee understands and acknowledges that during the course of his/her employment by the Company, as well as any prior employment or relationship
with Price Enterprises, Inc. and/or any subsidiaries and affiliates of the Company (collectively “Price”), he/she had access to and became acquainted with trade secrets and other confidential information of the Company and/or Price,
including but not limited to compilations of information, records, computer programs, financial information, publication information and vendor information which are owned by the Company and/or Price and which are regularly used in the operation of
the business of the Company and/or Price. Employee further understands and acknowledges that despite termination of his/her employment with the Company, he/she has a continuing legal obligation not to disclose, and not to use, directly or
indirectly, any such trade secrets or confidential information owned by the Company and/or Price. 
  
 Additionally, during the three year period after Employee’s termination of employment pursuant to this Agreement, Employee shall not solicit nor
induce, or attempt to solicit or induce, any other Company employee to cease his or her employment with the Company. 
  

 2 

 5. Employee understands and acknowledges that all files, records, documents, equipment, computer
programs, printouts, memoranda, lists, notes, work product, journal documents, production documents, photographic material, advertising materials, vendor information and similar material relating to the business of the Company and/or Price, and all
copies of same, whether prepared by Employee or otherwise coming into his/her possession during the term of his/her employment with the Company and/or Price, are the exclusive property of the Company and/or Price. Employee agrees that to the extent
he/she has any such material in his/her possession, he/she will return all such material to the Company on the last day of Employee’s employment with the Company. 
  
 6. In consideration of the covenants set forth in this Agreement, and for other good and valuable consideration, receipt of
which is hereby acknowledged, Employee, on behalf of his/her successors, assigns and legal representatives, fully, irrevocably and unconditionally releases and discharges the Company, as well as its officers, directors, shareholders, agents,
employees, and representatives, in their capacity as such and otherwise, including their heirs, executors and administrators, as well as related, affiliated, subsidiary, predecessor and parent companies (including, but not limited to, Price
Enterprises, Inc., The Price Company and Price/Costco, Inc.), successors and assigns, separately and collectively, and each of them (collectively “Releasees”), from all actions, causes of action, suits, debts, charges, complaints, claims,
liabilities, obligations, promises, agreements, controversies, damages and expenses, including attorneys’ fees, of any nature whatsoever, known or unknown, suspected or unsuspected, which Employee ever had, now has, or may have against
Releasees, up to the date of Employee’s signing of this Agreement, by reason of any act, event or omission concerning any matter or thing, including, without limiting the generality of the foregoing, any claims against Releasees, arising from
or relating, either directly or indirectly, to Employee’s status as an employee of the Company or the separation of that employment, any claims arising from any emotional, bodily or personal injuries, loss of income, employment benefits,
wrongful discharge, or discrimination, whether based on sex, sexual orientation, age, disability, medical condition, race, religion, national origin, ancestry, marital status, or any other characteristic or category or combination of same, as well
as any alleged violation by Releasees of any federal, state or local statutes, ordinances or common law, including, but not limited to, Title VII of the Civil Rights Act of 1964, the California Labor Code, the California Fair Employment and Housing
Act, the Age Discrimination in Employment Act of 1967, the Americans With Disabilities Act, the Family and Medical Leave Act, the California Family Rights Act, the Fair Labor Standards Act, the Equal Pay Act, or any of the Company’s own
policies, procedures or purported express or implied agreements or contracts with Employee. 
  
 7. In accordance with the Older Worker’s Benefit Protection Act of 1990, Employee is aware of the following with respect to his/her release of any claims under the Age Discrimination in Employment Act (ADEA): 1)
he/she has the right to consult with an attorney before signing this Agreement, and that to the extent, if any, that Employee has desired, Employee has done so; 2) Employee has twenty-one (21) days to review and consider this Agreement and his/her
release of any ADEA claim, and that he/she may use as much of this 21-day period as he/she 
  

 3 

 wishes prior to signing; 3) for a period of seven (7) days following the execution of this Agreement, Employee may revoke
the Agreement and this Agreement shall not become effective or enforceable with respect to the claims under the ADEA until the revocation period has expired; 4) this Agreement shall become effective as to any ADEA claim eight (8) days after it is
signed by Employee and Company, and in the event the parties do not sign on the same date, this Agreement shall become effective as to any ADEA claim eight (8) days after the date it is signed by Employee. Thereafter, Employee understands that
Employee cannot revoke his/her waiver of any ADEA claim and that it will be binding upon Employee; 5) the parties acknowledge and agree that in the event Employee revokes his/her release/waiver of any age discrimination claims, Company shall have
the unilateral right to terminate this entire Agreement. In the event of such termination, Employee understands and agrees that he/she shall not be entitled to any payment set forth in paragraph 2 above, and if Employee has received such payment,
Employee agrees to return such payment to Company immediately. 
  
 8. Employee expressly waives any and all rights which he/she might have under Section 1542 of the Civil Code of the State of California which reads as follows: 
  
 A general release does not extend to claims which the Creditor does not know or suspect to exist in its favor at the time of
executing the Release which if known by him must have materially affected his settlement with the debtor. 
  
 Notwithstanding Section 1542 of the Civil Code of California, Employee and Company expressly agree that this Agreement shall be given full force and
effect according to each and all of its express terms and provisions, including as well those relating to unknown and unspecified actions, causes of action, claims or other proceedings, judgments, obligations, damages, or other liabilities, if any.

  
 9. Employee acknowledges that he/she is aware that he/she may
discover facts different from, or in addition to, those now known or believed to be true with respect to the claims, causes of action, and liabilities herein released, and Employee nevertheless agrees that the release herein shall be and remain in
all respects a complete and general release as to all matters released, notwithstanding any such known or unknown additional facts. 
  
 10. This Agreement shall be construed and governed by the laws of the State of California. In the event that any provision of this Agreement is held to be
void, null or unenforceable, insofar as reasonable and possible, the remainder of this Agreement shall be considered valid and operative and effect shall be given to the intent manifested by the portion held invalid or inoperative, and the parties
authorize any modifications necessary to these provisions held invalid or inoperative so the parties’ intent may be carried out. 
  
 11. Employee and Company each acknowledge and represent that no promise or representation not contained in this Agreement has been made to them, and
acknowledge and represent that this Agreement contains all 
  

 4 

 terms and conditions pertaining to the compromise and settlement of the potential claims and causes of action referenced
above. The terms of this Agreement are contractual and not a mere recital. Any modification of this Agreement will be effective only if it is in writing signed by the party to be charged. 
  
 12. It is understood and agreed by the parties that this is a compromise agreement and that the furnishing by the Company of
the consideration for this Agreement shall not be deemed or construed as an admission of liability or wrongdoing. The liability for any and all released claims is expressly denied by the Company. 
  
 13. No breach of any provision hereof can be waived unless in writing. Waiver
of any one breach of any provision hereof shall not be deemed to be a waiver of any other breach of the same or any other provision hereof. 
  
 14. This Agreement is to be interpreted without regard to the draftsman. The terms and intent of this Agreement, with respect to the rights and
obligations of the parties, shall be interpreted and construed on the express assumption that each party participated equally in its drafting. 
  
 15. Employee represents and certifies that he/she has carefully read and fully understands all of the provisions and effects of this Agreement, and that
he/she is voluntarily entering into this Agreement free of any duress or coercion. 
  
 16. All disputes, controversies, or claims between Employee and Company, whether arising prior to Employee’s employment with Company, during employment, or after termination of Employee’s employment,
including but not limited to the construction or application of the terms of this Agreement, shall be resolved by binding arbitration in accordance with the laws of the State of California for agreements made and to be performed in California. The
arbitration shall be administered by the American Arbitration Association (“AAA”) pursuant to its rules most applicable to the particular claims being made, as determined by the AAA, and as then in effect, except as otherwise provided
herein. The arbitration procedures described in this paragraph apply to all disputes between Employee and Company and any of the Releasees referred to in paragraph 6 of this Agreement, as well as Company’s officers, directors, employees, and
agents, each of whom is a third-party beneficiary of this Agreement and who may invoke this arbitration provision. The disputes covered by this arbitration provision include, but are not limited to, claims of breach of contract (express or implied),
wrongful termination, harassment, discrimination (including, but not limited to, race, color, religion, sex, national origin, age, disability, sexual orientation, marital status, and pregnancy), compensation and benefits claims, tort claims, such as
defamation and invasion of privacy, and claims for violation of any federal, state or local law, statute, regulation or ordinance, including, but not limited to, the Fair Employment and Housing Act of the State of California, Title VII of the Civil
Rights Act of 1964, the 
  

 5 

 Americans With Disabilities Act, the Age Discrimination in Employment Act, the Family and Medical Leave Act, the Family
Rights Act, and the Equal Pay Act. Notwithstanding, these arbitration procedures do not apply to Workers’ Compensation claims. Any arbitration shall be held in San Diego, California, before one independent and neutral arbitrator appointed by
the AAA. The arbitrator shall determine the arbitrability of all disputes, claims and/or issues between Employee and Company, and Releasees as well as Company’s officers, directors, employees, and agents. Fees and costs of the arbitrator shall
be borne by Company. The parties shall be entitled to discovery sufficient to adequately arbitrate the claims and defenses, including access to essential documents and witnesses, as determined by the arbitrator. The arbitrator shall issue a written
arbitration decision that will reveal the essential findings and conclusions on which the award is based. Subject to limited judicial review pursuant to California Code of Civil Procedure §1286.2, the award of the arbitrator shall be final and
judgment may be entered upon it in accordance with applicable law in any court having jurisdiction thereof. Any demand for arbitration shall be in writing and must be made within a reasonable time after the claim, dispute or other matter in question
has arisen. In no event shall the demand for arbitration be made after the date that institution of legal or equitable proceedings based upon such claim, dispute or other matter would be barred by the applicable statute of limitations. COMPANY AND
EMPLOYEE KNOWINGLY WAIVE THEIR RIGHT TO A JURY TRIAL. 
  

	 Date: September 4, 2003
	 	 	 	 COMPANY:
  
 PRICESMART, INC.

				
	 	 	 	 	 	 	 By: /s/ ROBERT M. GANS
  

	 	 	 	 	 	 	 Title: Executive Vice President and General Counsel

			
	 	 	 	 	  
 EMPLOYEE:

			
	 Date: September 4, 2003
	 	 	 	 /s/ ALLAN C. YOUNGBERG

  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]