Note 22 – Subsequent events

Effective April 4, 2016 Mentor Capital, Inc. entered into a certain "Larson - Mentor Capital, Inc. Patent and License Fee Facility with Agreement Provisions for an -- 80% / 20% Domestic Economic Interest -- 50% / 50% Foreign Economic Interest" with R. L. Larson and Larson Capital, LLC (“Larson”), by which Mentor's to be formed subsidiary, Mentor IP, LLC, (“MCIP”) obtained an international patent application for foreign THC and CBD cannabis vape pens under the provisions of the Patent Cooperation Treaty of 1970, as amended. Moreover, MCIP is expected to receive exclusive licensing rights in the United States for THC and CBD cannabis vape pen licensing, contingent upon the approval of the United States patent application for the same. Mentor agreed to pay $100,000 prior to July 15, 2016, to pay $25,000 of charges advanced by Larson for early patent work and $75,000 for continuing international patent work. Mentor paid Larson $12,500 on April 4, 2016 and $12,500 on April 26, 2016.

MCIP was organized under the laws of South Dakota on April 18th 2016.