Transfer Prices. (a) The Transfer Prices for the Products set forth in Exhibit 1.20 ------------ shall be firm for the first Calendar Year of this Agreement. Thereafter, the Parties shall meet annually to discuss changes to Transfer Prices for the Products. Any adjustment to the Transfer Prices of the Products shall be agreed upon in writing by both Parties. (b) In addition, Manufacturer shall be allowed an annual inflationary adjustment to the Transfer Prices for demonstrable increases in raw material and/or labor costs. Such annual inflationary increases shall be limited to the lesser of the annual percentage increase for the most recent twelve (12) month period for which figures are available in the Consumer Price Index (CPI), issued by the Bureau of Labor Statistics, U.S. Department of Labor, or Marketer's annual inflationary price increase to end user customers.
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Sources: National Marketing and Distribution Agreement (Retractable Technologies Inc), National Marketing and Distribution Agreement (Retractable Technologies Inc), National Marketing and Distribution Agreement (Retractable Technologies Inc)