Document:

Seventh Amendment to Employment Agreement

 Exhibit 10.1 
 SEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Seventh Amendment to Employment Agreement is made and entered into
as of March 1, 2007, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and John Hildebrandt (“Executive”). 
 Recitals 
  

	A)	On June 1, 2001 an Employment Agreement was made and entered into by and between Employer and Executive. 

  

	B)	Said Employment Agreement has been amended on six 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 June 1, 2001 and shall continue until March 31, 2007 unless sooner terminated or extended as hereinafter provided. 
 is hereby amended, effective March 1, 2007, to provide as follows: 
 3.1 Term. The term of Executive’s employment hereunder shall commence on June 1, 2001 and shall continue until March 31, 2008 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.
			
	/s/    JOHN HILDEBRANDT        	 	By:	 	 /s/    JOSE LUIS
LAPARTE        

	John Hildebrandt	 	Name:	 	Jose Luis Laparte
		 	Its:	 	PresidentNinth Amendment to Employment Agreement

 Exhibit 10.2 
 NINTH AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Ninth Amendment to Employment Agreement is made and entered into as of
March 1, 2007, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Edward Oats (“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 eight 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, 2007 unless sooner terminated or extended as hereinafter provided. 
 is hereby amended, effective March 1, 2007, 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, 2008 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.
			
	 /s/    EDWARD
OATS        
	 	By:	 	 /s/  JOSE LUIS
LAPARTE        

	Edward Oats	 	Name:	 	Jose Luis Laparte
		 	Its:	 	PresidentTenth Amendment to Employment Agreement

 Exhibit 10.3 
 TENTH AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Tenth Amendment to Employment Agreement is made and entered into as of
March 1, 2007 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 nine 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, 2007 unless sooner terminated or extended as hereinafter provided. 
 is hereby amended, effective March 1, 2007, 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, 2008 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.
			
	 /s/    BRUD
DRACHMAN        
	 	By:	 	 /s/    JOSE LUIS
LAPARTE        

	 Brud Drachman
	 	Name:	 	Jose Luis Laparte
		 	Its:	 	PresidentEleventh Amendment to Employment Agreement

 Exhibit 10.4 
 ELEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Eleventh Amendment to Employment Agreement is made
and entered into as of March 1, 2007, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Thomas Martin (“Executive”). 
 Recitals 
  

	A)	On March 31, 1998 an Employment Agreement was made and entered into by and between Employer and Executive. 

  

	B)	Said Employment Agreement has been amended on ten 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 provides: 

 3.1 Term. The term of Executive’s employment hereunder shall commence on April 1, 1998 and shall continue until March 31, 2007 unless sooner terminated or extended as hereinafter provided (the “Employment
Term”). 
 is hereby amended, effective as of March 1, 2007, to provide as follows: 
 3.1 Term. The term of Executive’s employment hereunder shall commence on April 1, 1998 and shall continue until March 31, 2008
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.
			
	 /s/    THOMAS
MARTIN        
	 	By:	 	 /s/    JOSE LUIS
LAPARTE        

	 Thomas Martin
	 	Name:	 	Jose Luis Laparte
		 	Its:	 	PresidentLease Termination Agreement

 LEASE TERMINATION AGREEMENT 
 AGREEMENT made by and between BREWER INVESTMENT II, LLC (the “Landlord”) and EDGEWATER TECHNOLOGY, INC., a Delaware corporation (the
“Tenant”). 
 RECITALS 
 WHEREAS, Tenant leased from Landlord certain premises consisting of approximately 16,400 rentable square feet on the first and second floors of the building commonly known as 302 East Millsap Road, Fayetteville, AR 72703 (the
“Premises”) pursuant to a Commercial Lease Agreement dated June 28, 2000 (the “Lease”); and 
 WHEREAS, the parties
hereto have agreed to terminate the Lease upon the terms and conditions set forth herein; 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Termination of Lease. The Lease shall
terminate effective as of June 30, 2007 (the “Termination Date”), and the Lease shall be void and of no further force and effect on the Termination Date, and neither Landlord or Tenant shall have any further obligation thereunder.

 2. Termination Payment. On the Termination Date, Tenant shall pay to Landlord the sum of Five Hundred and Two Thousand Eight
Hundred ($502,800.00) Dollars. 
 3. Landlord—Tenant Mutual Release. In consideration of the Termination Payment, and for other
good and valuable consideration, Landlord and Tenant hereby irrevocably and unconditionally remise, release and forever discharge each other and each other’s stockholders, members, officers, directors, managers, employees, representatives,
servants and agents and all persons acting by, through, under, or in concert with the other party, both personally and as its agents, or any of them or any of the foregoing’s heirs, personal representatives, successors or assigns of and from
any and all debts, demands, actions, causes of action, suits, accounts, covenants, contracts, agreements, damages and any and all claims, counterclaims, demands and liabilities whatsoever of every name and nature, both in law and in equity, which
against any of the aforementioned releasees, each party now has or ever had from the beginning of the world to the Termination Date, including, without in any manner limiting the generality of the foregoing, any and all claims, rights or obligations
arising out of or relating to the Lease. Each of Landlord and Tenant specifically acknowledges and agrees that the obligations of the other party hereunder shall be in full accord and satisfaction of all 

 
obligations which the other party has or is alleged to have under the terms and conditions of the Lease, and that neither party shall have any further right,
claim or entitlement of any nature under the Lease. Each party hereby acknowledges and agrees that the foregoing release is intended as a full and complete release of all of the foregoing claims that it may or might have, and in accepting the terms
and conditions of this Agreement, it does so in full settlement of any and all such claims. Tenant hereby further releases and relinquishes any right, title or claim of any nature which Tenant may have with respect to the Caterpillar generator
located at the Premises and agrees that Landlord is the sole owner of all right, title and interest in and to said Caterpillar generator. 
 4. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. 
 5. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 6. Entire Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral,
among the parties with respect to the subject matter hereof. 
 7. Counterparts. This Agreement may be executed in one (1) or
more counterparts, all of which will be considered one and the same Agreement and will become effective when one (1) or more counterparts have been signed by each of the parties and delivered to the other parties, regardless of whether all of
the parties have executed the same counterpart. Counterparts may be delivered via facsimile or electronic mail (including .pdf) or other transmission method and any counterparts so delivered shall be deemed to have been duly and validly delivered
and be valid and effective for all purposes. 
 Executed as a sealed instrument as of this 28th day of June, 2007. 
  

			
	 LANDLORD:
 BREWER INVESTMENT II,
LLC

		
	By:	 	/s/    Jerry T. Brewer        
		 	Jerry T. Brewer, Manager

  

			
	 TENANT:
 EDGEWATER TECHNOLOGY,
INC.

		
	By:	 	/s/    Shirley Singleton        
		 	Shirley Singleton, President

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