Amendment to Employment Agreement between PriceSmart, Inc. and Robert M. Gans

Summary

This document is an amendment to the employment agreement between PriceSmart, Inc. and Robert M. Gans. Effective October 1, 1999, Mr. Gans's base salary is increased from $175,000 to $180,000. All other terms and conditions of the original employment agreement remain unchanged. Both parties have signed to acknowledge and accept this amendment.

EX-10.3(E) 2 a2032049zex-10_3e.txt EXHIBIT 10.3(E) Exhibit 10.3(e) PriceSmart, Inc. 4649 Morena Blvd. San Diego, CA 92117 Tel ###-###-#### Fax ###-###-#### To: Robert M. Gans From: Allan C. Youngberg Re: AMENDMENT TO EMPLOYMENT AGREEMENT Date: November 22, 1999 This will confirm that, effective as of October 1, 1999, the Base Salary under your Employment Agreement with PriceSmart, Inc. was increased, from $175,000 to $180,000. Your Employment Agreement is deemed amended accordingly. All other terms and conditions of your Employment Agreement remain the same. Please sign below acknowledging the foregoing, and return a copy of this document, with your signature, to me. Dated: November 23, 1999 /s/ Allan C. Youngberg - ---------------------- Allan C. Youngberg Dated: November 29, 1999 /s/ Robert M. Gans - ------------------ Robert M. Gans