NETL » Topics » 12. Related Party Transactions

This excerpt taken from the NETL DEF 14A filed Sep 30, 2009.

Note 12—Related Party Transactions

In connection with the issuance of the Series D Preferred Stock, the Company paid $1.3 million cash during 2008 and issued warrants to purchase Common Stock with a fair value of approximately $632,000 to a Series C shareholder in its capacity as placement agent.

In connection with sales of Series C Preferred Stock, the Company paid $457,000 and $1.4 million in cash during 2007 and 2006, respectively, and issued warrants to purchase Common Stock with a fair value of approximately $19,000 and $50,000 during 2007 and 2006, respectively, to the same Series C Preferred shareholder.

This excerpt taken from the NETL 10-Q filed Aug 6, 2008.

12. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which has held shares of our common stock. We made lease payments under this lease agreement of $161,000 and $210,000 for the three months ended June 30, 2008 and 2007, respectively, and $403,000 and $420,000 for the six months ended June 30, 2008 and 2007, respectively.

 

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This excerpt taken from the NETL 10-Q filed May 7, 2008.

12. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which has held shares of our common stock. During the three months ended March 31, 2008 and 2007, we made lease payments of approximately $242,000 and $210,000, respectively, under this lease arrangement.

 

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This excerpt taken from the NETL 10-Q filed Nov 7, 2007.

12. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which has held shares of our common stock. During the three and nine months ended September 30, 2007, we made lease payments of approximately $215,000 and $636,000, respectively, under this lease arrangement.

 

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This excerpt taken from the NETL 10-Q filed Aug 7, 2007.

12. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which has held shares of our common stock. During the three and six months ended June 30, 2007, we made lease payments of approximately $210,000 and $420,000, respectively, under this lease arrangement.

This excerpt taken from the NETL 10-Q filed May 8, 2007.

12. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which holds shares of our common stock. During the three months ended March 31, 2007 and 2006, we made lease payments of approximately $210,000 and $175,000, respectively, under this lease arrangement.

This excerpt taken from the NETL 10-Q filed Nov 8, 2006.

11. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC, which holds shares of common stock of the Company. During the three and nine months ended September 30, 2006, we made lease payments of approximately $315,000 and $665,000, respectively, under this lease. On May 8, 2006, we and the landlord amended the lease agreement to increase the leased premises to approximately 42,000 square feet with an additional estimated cost of $1.4 million over five years.

This excerpt taken from the NETL 10-Q filed Aug 9, 2006.

11. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC, which holds shares of common stock of the Company. During the three and six months ended June 30, 2006, we made

 

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lease payments of approximately $175,000 and $350,000, respectively, under this lease. On May 8, 2006, we and the landlord amended the lease agreement to increase the leased premises to approximately 42,000 square feet with an additional estimated cost of $1.4 million over five years.

This excerpt taken from the NETL 10-Q filed May 9, 2006.

11. Related Party Transactions

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which holds our voting securities. During the three months ended March 31, 2006 and 2005, we made lease payments of approximately $175,000 and $113,000, respectively, under this lease arrangement.

This excerpt taken from the NETL 10-Q filed Nov 8, 2005.

10. Related Party Transactions

 

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC, which holds shares of our common stock. During the three and nine months ended September 30, 2005, we made lease payments of approximately $154,000 and $337,000, respectively, under this lease arrangement.

 

This excerpt taken from the NETL 10-Q filed Aug 9, 2005.

10. Related Party Transactions

 

We lease our headquarters facility in Mountain View, California from an affiliate of Berg & Berg Enterprises, LLC, which holds shares of our common stock. During the three and six months ended June 30, 2005, we made lease payments of approximately $171,000 and $284,000, respectively, under this lease arrangement.

 

This excerpt taken from the NETL 10-Q filed May 9, 2005.

10. Related Party Transactions

 

We lease our headquarters facility in Mountain View, California with an affiliate of Berg & Berg Enterprises, LLC (the “Affiliate”), which holds our voting securities. During the three months ended March 31, 2005, we made lease payments of approximately $113,000 under this lease arrangement.

 

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