Balchem Corp

According to its Annual report filed with the SEC for fiscal year 2016: "During the year ending December 31, 2016, we sold, in a single sales transaction, 400 twenty-five kilogram bags of ReaShure® encapsulated choline, at a sales price of $46,500 to Imex Gulf, Inc., a privately held US corporation headquartered in Plano, Texas. Imex Gulf, Inc. exported this product to Pishgaman Taghzieh DTI Co.in Tehran, Iran, for subsequent sale and distribution in Iran. We conducted this product sale in compliance with applicable laws. The sale of ReaShure®, an animal feed ingredient, is permissible pursuant to certain statutory and regulatory exemptions from U.S. sanctions applicable to food products." (https://www.sec.gov/Archives/edgar/data/9326/000114036117009655/form10k.htm)

According to its Annual Report filed with the SEC for fiscal year 2017: "During the year ending December 31, 2017, we sold, in a single sales transaction, 765 twenty-five kilogram bags of ReaShure® encapsulated choline, at a sales price of $82,238 to Imex Gulf, Inc., a privately held US corporation headquartered in Plano, Texas. Imex Gulf, Inc. exported this product to Pishgaman Taghzieh DTI Co.in Tehran, Iran, for subsequent sale and distribution in Iran. We conducted this product sale in compliance with applicable laws. The sale of ReaShure®, an animal feed ingredient, is permissible pursuant to certain statutory and regulatory exemptions from U.S. sanctions applicable to food products." (https://www.sec.gov/Archives/edgar/data/9326/000114036118011267/form10k.htm)

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