BASF TDI Increase

May 13, 2016

Dear Valued Customer,

Due to current market conditions and a very tight supply and demand situation in the global

market, BASF Corporation is raising the price for all Lupranate® TDI products $0.08 per pound

effective May 15, 2016 or as contracts allow.

Your BASF Account Manager will provide details of this announced increase. We appreciate

your continued support of BASF Urethane Chemicals.