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Exhibit 10.12(c)
PriceSmart, Inc.
4649 Morena Blvd.
San Diego, CA 92117
Tel 858 581-7485
Fax 858 581-4707
To: Thomas D. Martin
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 $155,000 to $170,000.
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
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Allan C. Youngberg
Dated: November 29, 1999
/s/ Thomas D. Martin
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Thomas D. Martin
