California Transparency in Supply Chains Act

Disclosure Statement

Effective January 1, 2012, the California Transparency in Supply Chains Act of 2010 requires manufacturers doing business in the state of California to disclose efforts to eradicate slavery and human trafficking from its direct supply chain.

The Argen Corporation’s core values are honesty, integrity and trust. We are committed to upholding these values and high ethical standards in the conduct of business with all employees, business partners and supply chain partners. We expect the same commitment to high ethical standard and compliance with all applicable laws, including those regarding human trafficking, from our supply chain partners.

1) Verification: We trust that our direct suppliers of finished goods and raw materials are reputable companies that have internal standards requiring compliance with applicable laws, including those that prohibit human trafficking and slavery in the countries where they do business. No third party verification system is used. As needed, Argen will request that suppliers provide verification of their product supply chain to evaluate and address risks of human trafficking and slavery, including disclosure of the nature of the verification by an internal or independent third party.

2) Supplier Audits: We do not currently conduct audits of our supply chain partners related to this issue. To the extent Argen suspects or receives notice that a supplier is involved in prohibited activities, Argen will conduct an inquiry, or third party audit if warranted, and take appropriate action as required by law.

3) Certification: Currently, we do not require our direct suppliers to certify that they comply with anti-slavery and human trafficking laws in the country or countries in which they do business.

4) Internal Accountability: Employees, contractors, and suppliers are expected to comply with all applicable laws. If we discover or have reason to believe that they are not complying with applicable laws, including those relating to human trafficking or slavery, we will not hesitate to cease doing business with that supplier and terminate employment of individuals participating in such activities.

5) Training: We provide those employees and management of Argen with direct responsibility for supply chain management with training on human trafficking and slavery, including mitigation risks within the supply chain. Training and awareness discussions occur during management meetings and through the use of educational handouts. This is offered in addition to our requirements that all employees acknowledge and adhere to our corporate ethical standards.