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TELE-PAK INC. SUPPLIER DIVERSITY POLICY

STATEMENT
In an effort to continuously improve our business relationships, Tele-Pak, Inc. is committed to pursuing business opportunities with Minority-owned and Women-owned businesses (M/WBE). We seek relationships that provide value both to Tele-Pak Inc., to our customers, as well as the minority- or woman-owned business enterprise itself. The development of this policy is in no way a philanthropic activity, nor does it require the relaxation of current purchasing practices.

SUPPLIER DIVERSITY OBJECTIVES
Our supplier diversity objectives are:

All Tele-Pak Inc. management and employees share in this commitment and are instructed to fulfill these objectives when procuring materials and services for Tele-Pak Inc.

SUPPLIER DIVERSITY PURCHASING GUIDELINES
Tele-Pak encourages the development of mutually-beneficial business relationships, particularly with M/WBEs.

DEFINITIONS
The M/WBEs are defined as follows on the New York State web site http://esd.ny.gov/mwbe/Qualifications.html Definition of a Woman-Owned Business Enterprise (WBE) - … a WBE is a business enterprise in which at least 51% is owned, operated and controlled by citizens or permanent resident aliens who are women.

Definition of a Minority-Owned Business Enterprise (MBD) - … an MBE is a business enterprise in which at least 51% is owned, operated and controlled by citizens or permanent resident aliens who are meet the following ethnic definitions: Black (Persons having origins from any of the Black African racial groups), Hispanic (Persons of Mexican, Puerto Rican, Dominican, Cuban, Central or South American descent of either Native American or Latin American origin, regardless of race), Asian-Pacific (Persons having origins from the Far East, Southeast Asia or the Pacific Islands, Asian-Indian Subcontinent (Persons having origins from the Indian subcontinent), and Native-American or Alaskan-Native (Persons having origins in any of the original peoples of North America).



Revised 5/26/2016
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