August 12, 2016

Dear Distributor:


Subject: Price Adjustment 

This is your notification of a comprehensive price adjustment to Banjo products effective
October 31, 2016.

For the majority of our products, and particularly nearly all of our highest selling products, we
will increase prices 1.5%. The vast majority of your product purchases will reflect this increase. Additionally, we will increase certain low volume products by a greater amount.

Banjo continues to moderate our pricing in the face of sluggishness in some of our key markets.
We are hopeful that this adjustment supports your efforts to grow your business with our mutual customers.


Your individual price list will be available on September 1, 2016.

If you have any questions, please do not hesitate to contact me.

John Carter