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VLG » Topics » RealEquip-Lease, LLC

This excerpt taken from the VLG DEF 14A filed Oct 2, 2006.
RealEquip-Lease, LLC
 
RealEquip-Lease, LLC (“RealEquip”), a company wholly owned by the two daughters of Mr. West, leases three properties to the Company for an aggregate amount of $12,550 per month. Mr. West serves as a non-member manager of RealEquip. During fiscal year 2006, the Company paid RealEquip $149,861. The Company believes that the arrangements with RealEquip have not been less favorable than could have been obtained in arms-length transactions with unaffiliated third parties.
 
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