THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Gentex Corporation (GNTX)

3/30/2006 Proxy Information

Prior to the current year, Mr. Moran has provided legal services to the Company through Varnum, Riddering, Schmidt & Howlett LLP ("VRSH"). Although Mr. Moran remains "of counsel" to VRSH, the Company's outside legal counsel, since his retirement as a partner in 2000 he receives only those nominal benefits accorded to retired partners under that firm's partnership agreement and compensation for services rendered to the firm on an hourly basis (less than $7,000 during 2005).

Since 1978, prior to the time the Company became a publicly held corporation, the Company has leased a building that previously housed its main office, manufacturing and warehouse facilities, and currently houses production operations for the Company's fire protection products. The lessor for that building is G & C Associates, a general partnership, and nearly all of the partnership interests in G & C Associates are held by persons related to Fred Bauer. The lease is a "net" lease, obligating the Company to pay all expenses for maintenance, taxes, and insurance, in addition to rent. During 2005, the rent paid to this partnership was $52,153, and the rent for the current fiscal year is the same. The Board of Directors believes that the terms of this lease are at least as favorable to the Company as could have been obtained from unrelated parties.

Jeremy Fogg, Director of Mechanical Program Management, is the son-in-law of Fred Bauer, the Company's Chairman of the Board and Chief Executive Officer. In 2005, Jeremy Fogg earned $122,779, including profit-sharing and performance-based bonuses. Jeremy Fogg also received options to purchase 5,470 shares of Gentex common stock at an exercise price of $17.13. All of Mr. Fogg's compensation is determined under and in accordance with the Company's existing compensation plans and policies applicable to all salaried employees.

Bruce Los, Vice President, Human Resources, is the brother-in-law of Garth Deur, the Company's Executive Vice President. In 2005, Bruce Los earned $164,243, including profit-sharing and performance-based bonuses. Bruce Los also received options to purchase 9,000 shares of Gentex common stock at an exercise price of $19.50. All of Mr. Los' compensation is determined under and in accordance with the Company's existing compensation plans and policies applicable to all salaried employees.

Marc Keizer, Manager of Business Planning, is the son-in-law of Kenneth La Grand, a member of the Company's Board of Directors. In 2005, Marc Keizer earned $86,004, including profit-sharing and performance-based bonuses. Marc Keizer also received options to purchase 3,300 shares of Gentex common stock at an exercise price of $19.50. All of Mr. Keizer's compensation is determined under and in accordance with the Company's compensation plans and policies applicable to all salaried employees.

The Company is highly selective, and hires new employees based upon merit. Employees may also be eligible for certain other benefits which are similarly available on no less favorable terms to other employees of the Company at the same level and pay rate. Family members of any employee are not discouraged from seeking employment.

4/1/2005 Proxy Information

Since 1978, prior to the time the Company became a publicly held corporation, the Company has leased a building that previously housed its main office, manufacturing and warehouse facilities, and currently houses production operations for the Company’s fire protection products. The lessor for that building is G & C Associates, a general partnership, and nearly all of the partnership interests in G & C Associates are held by persons related to Fred Bauer. The lease is a “net” lease, obligating the Company to pay all expenses for maintenance, taxes, and insurance, in addition to rent. During 2004, the rent paid to this partnership was $52,153, and the rent for the current fiscal year is the same. The Board of Directors believes that the terms of this lease are at least as favorable to the Company as could have been obtained from unrelated parties.

Jeremy Fogg, Director of Advanced Mechanical Engineering, is the son-in-law of Fred Bauer, Gentex Corporation’s Chairman of the Board and Chief Executive Officer. In 2004, Jeremy Fogg earned $118,156, including profit-sharing and performance-based bonuses. Jeremy Fogg also received options to purchase 5,210 shares of Gentex common stock at an exercise price of $34.74, and also received a restricted stock grant of 3,000 shares valued at $104,220.

Judy Filley, Senior Programmer/Analyst, is the sister-in-law of Fred Bauer, Gentex Corporation’s Chairman of the Board and Chief Executive Officer. In 2004, Judy Filley earned $73,850, including profit-sharing and performance-based bonuses. Judy Filley also received options to purchase 3,030 shares of Gentex common stock at an exercise price of $35.41.

Bruce Los, Vice President, Human Resources, is the brother-in-law of Garth Deur, Gentex Corporation’s Executive Vice President. In 2004, Bruce Los earned $160,789, including profit-sharing and performance-based bonuses. Bruce Los also received options to purchase 8,560 shares of Gentex common stock at an exercise price of $35.41.

Marc Keizer, Manager of Business Planning, is the son-in-law of Kenneth La Grand, a member of Gentex Corporation’s Board of Directors. In 2004, Marc Keizer earned $86,482, including profit-sharing and performance-based bonuses. Marc Keizer also received options to purchase 3,000 shares of Gentex common stock at an exercise price of $35.41.

The Company is highly selective, and hires new employees based upon merit. Employees may also be eligible for certain other benefits which are similarly available on no less favorable terms to other employees of the Company at the same level and pay rate. Family members of any employee are not discouraged from seeking employment. It is, however, the Company’s practice that no family member is directly managed by another member of the same family.

4/5/2004 Proxy Information

Since 1978, prior to the time the Company became a publicly held corporation, the Company has leased a building that previously housed its main office, manufacturing and warehouses facilities, and currently houses production operations for the Company’s fire protection products. The lessor for that building is G & C Associates, a general partnership, and nearly all of the partnership interests in G & C Associates are held by persons related to Fred Bauer. The lease is a “net” lease, obligating the Company to pay all expenses for maintenance, taxes, and insurance, in addition to rent. During 2003, the rent paid to this partnership was $52,153, and the rent for the current fiscal year is the same. The Board of Directors believes that the terms of this lease are at least as favorable to the Company as could have been obtained from unrelated parties.

Jeremy Fogg, Engineering Manager – Asian Team, is the son-in-law of Fred Bauer, Gentex Corporation’s Chairman of the Board and Chief Executive Officer. In 2003, Jeremy Fogg earned $101,966. Jeremy Fogg also received options to purchase 4,960 shares of Gentex common stock at an exercise price of $35.95.

Judy Filley, Senior Programmer/Analyst, is the sister-in-law of Fred Bauer, Gentex Corporation’s Chairman of the Board and Chief Executive Officer. In 2003, Judy Filley earned $70,721. Judy Filley also received options to purchase 2,750 shares of Gentex common stock at an exercise price of $43.00.

Bruce Los, Vice President, Human Resources, is the brother-in-law of Garth Deur, Gentex Corporation’s Executive Vice President. Los was hired on December 23, 2003, and he received no cash compensation during 2003. Bruce Los received options to purchase 8,000 shares of Gentex common stock at an exercise price of $43.00 and also received a restricted stock grant of 3,500 shares valued at $150,500.

Marc Keizer, Manager of Business Planning, is the son-in-law of Kenneth La Grand, a member of Gentex Corporation’s Board of Directors. In 2003, Marc Keizer earned $82,890. Marc Keizer also received options to purchase 2,750 shares of Gentex common stock at an exercise price of $43.00.

Arlyn Lanting and Kenneth La Grand are brothers-in-law.

The Company is highly selective, and hires new employees based upon merit. Employees may also be eligible for certain other benefits which are similarly available on no less favorable terms to other employees of the Company at the same level and pay rate. Family members of any employee are not discouraged from seeking employment. It is, however, the Company’s practice that no family member is directly managed by another member of the same family.

4/9/2003 Proxy Information

Since 1978, prior to the time the Company became a publicly held corporation, the Company has leased a building that previously housed its main office, manufacturing and warehouses facilities, and currently houses production operations for the Company's fire protection products. The lessor for that building is G & C Associates, a general partnership, and nearly all of the partnership interests in G & C Associates are held by persons related to Fred Bauer. The lease is a "net" lease, obligating the Company to pay all expenses for maintenance, taxes, and insurance, in addition to rent. During 2001, the rent paid to this partnership was $52,153, and the rent for the current fiscal year is the same. The Board of Directors believes that the terms of this lease are at least as favorable to the Company as could have been obtained from unrelated parties.

Arlyn Lanting and Kenneth La Grand are brothers-in-law. They were both substantial shareholders in MTA Travel, Inc., a local travel agency used by the Company to book airline travel for its employees. MTA Travel was sold on April 12, 2002. During the period of their ownership in 2002, the Company paid $132,685 for airline travel booked through this agency and the travel agency received a small percentage (usually less than five percent) of this amount as a commission from the airlines. This arrangement has been reviewed by the Company's Board of Directors and approved on the basis that the prices and services provided afford the best value available to the Company.

Arlyn Lanting, a director and member of the Company's Compensation Committee, was an officer of the Company more than fifteen years ago.

The Company has entered into a consulting agreement with John Mulder subsequent to his retirement in June 2002. During 2002, the Company paid Mr. Mulder $11,000 in consulting fees, plus reimbursement of business expenses. The Company has entered into a consulting agreement with Ken La Grand subsequent to his retirement in January 2003.