Amendment to Note Purchase Agreement between Price Family Charitable Trust and PriceSmart, Inc.

Contract Categories: Business Finance › Note Agreements
Summary

This amendment, dated April 18, 2000, is between Price Family Charitable Trust and PriceSmart, Inc. It corrects typographical errors in Exhibit A of their original Note Purchase Agreement from April 5, 2000 by replacing Exhibit A with a revised version. The amendment specifies the corrected list of notes and related contractual rights being transferred. All other terms of the original agreement remain unchanged and in effect.

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EX-10.1(B) 3 ex-10_1b.txt EXHIBIT 10-1(B) EXHIBIT 10.1 (b) AMENDMENT TO NOTE PURCHASE AGREEMENT Amendment made this 18th day of April 2000, by and between the Price Family Charitable Trust, a California Trust, (the "Buyer") and PriceSmart, Inc., a Delaware corporation ("Seller"). RECITALS 1. Buyer and Seller are parties to a Note Purchase Agreement dated April 5, 2000 (the "Agreement"); 2. Buyer and Seller have determined there are typographical errors in Exhibit A captioned "Property" of the Agreement and wish to correct such errors. Now, therefore, the parties hereto agree as follows: 1. Exhibit A of the Agreement is deleted in its entirety and replaced with a new Exhibit A attached herein; 2. Subject to the amendment herein, the Agreement remains in full force and effect. Executed as of the date first written above. PriceSmart, Inc. Price Family Charitable Trust By: /s/ Robert M. Gans By: /s/ Sol Price --------------------------------- ------------------------- Its: Executive Vice President Its: Trustee -------------------------------- ------------------------ EXHIBIT A PROPERTY I CITY NOTES
Note Maker of Note Date of Note Face Amount Purchase Price - ------------- ------------ ----------- -------------- Azusa Redevelopment Agency 10/04/88 $4,650,000 $ 2,110,000 Redevelopment Agency of City of Corona 4/01/88 amend 12/17/90 $9,000,000 $ 5,483,000 Fountain Valley Agency for Community Development 1/10/89 $8,802,517 $ 3,236,000 Community Redevelopment Agency of the City of Moreno Valley 2/17/93 $2,462,131 $ 1,207,000 Rancho Cucamonga Redevelopment Agency 2/04/92 $3,756,615 $ 1,448,000 San Juan Capistrano Community Redevelopment Agency 6/04/87 $5,107,517 $ 924,000 City of Santa Clarita 2/26/91 $2,557,436 $ 2,249,000 The Redevelopment Agency of the City of Signal Hill 10/29/91 $5,000,000 $ 4,417,000 City of South San Francisco 4/29/88 $2,270,000 $ 560,000 City of Chula Vista (Rancho del Rey) 6/04/93 $1,892,000 $ 899,000 ----------- $ 22,533,000
II CITY CONTRACTUAL RIGHTS 1. Includable with the promissory note issued by the San Juan Capistrano Redevelopment Agency is all of the Seller's right, title and interest in the Auto Tax Revenues, as defined in the Disposition and Development Agreement dated December 16, 1986 between The Price Company and the San Juan Capistrano Community Redevelopment Agency as amended by an Amendment to Disposition and Development Agreement and Promissory Note dated October 1, 1991 and Second Amendment to Disposition and Development Agreement and Promissory Note dated June 20, 1994. 2. Includable with the promissory note issued by the City of South San Francisco is: A) All of the Seller's right, title and interest in that certain Agreement (referred to in the promissory note) which Agreement is dated April 29, 1988 by and between the City of South San Francisco and The Price Company, including, but not limited to the option to purchase the "Pyramid Property", as referred to in said Agreement. B) All of the Seller's right, title and interest under that certain Agreement dated August 29, 1994 by and among Price/Costco, Inc., The Price Company and Price Enterprises, Inc., which agreement pertains to certain "set-off amounts" payable by The Price Company.