As referenced in this Escrow Account Agreement:
PRICESMART INC – gt;10
<FILENAME>a2045570zex-10_8.txt
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
<PAGE>
Exhibit 10.8
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INVESTMENT NUMBER 10296
ESCROW ACCOUNT AGREEMENT
AMONG
PRICESMART INC .
AND
INTERNATIONAL FINANCE CORPORATION
AND
THE BANK OF NEW YORK
DATED AS OF JANUARY 26, 2001
ACCOUNT NUMBER: GLA/111-565
SUB ACCOUNT: 293615
SHORT TITLE OF ACCOUNT: PRICESMART/
_____________
PRICESMART INC – THE BANK OF NEW YORK (as agent for IFC and as secured party hereunder,
the "Escrow Agent" and, as securities intermediary hereunder or in any other
capacity, the "Securities Intermediary"), PRICESMART INC . ("PriceSmart"), and
INTERNATIONAL FINANCE CORPORATION ("IFC").
WHEREAS:
(A) By a Loan Agreement dated as of January 26, 2001 (hereinafter called
the "IFC Loan Agreement") by and among the PriceSmart,
_____________
PriceSmart, Inc – writing to the Escrow Agent, Corporate Trust Administration,
101 Barclay Street, Global Structured Products, 21 West, New York, New York
10286, and to PriceSmart and IFC as follows:
For PriceSmart:
PriceSmart, Inc .
4649 Morena Blvd.
San Diego, CA 92117-3650
Facsimile: (858) 581-4707
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-6-
For IFC:
International Finance Corporation
2121 Pennsylvania Avenue, N.W.
Washington, D.C.
_____________
PRICESMART, INC – 18-
IN WITNESS WHEREOF, each of the parties have caused this Escrow Agreement
to be executed by a duly authorized officer as of the day and year first written
above.
PRICESMART, INC .
By: /s/ Gilbert A. Partida
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Name: Gilbert A. Partida
Title: President
INTERNATIONAL FINANCE CORPORATION
By: /s/ Mary Ellen Iskenderian
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Name: Mary Ellen Iskenderian
Title: Manager
Latin America & Caribbean
_____________
dt 1753842