AMENDMENT TO PUT OPTION AGREEMENT

Put Option Agreement

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PRICESMART INC | Sol and Helen Price Trust

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Title: AMENDMENT TO PUT OPTION AGREEMENT
Date: 11/24/2004
Industry: Retail (Department and Discount) Sector: Services

EXHIBIT 10.62(b)

AMENDMENT

PUT OPTION AGREEMENT

Amendment made this 31 ^st day of August, 2004 by and between, PriceSmart, Inc., a Delaware corporation (“PriceSmart”) and Sol and Helen Price Trust dated February 20 1970 (the “Trust”).

Recitals

A) PriceSmart and Trust are parties to a Put Option Agreement dated December 15, 2003 (the Put Agreement”) as supplemented by an Agreement Regarding Material Terms dated February 12, 2004.

B) The parties wish to amend the Put Ag

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