Note 23 – Subsequent event

On July 18, 2016, the Arbitration Panel in the Bhang arbitration issued a decision granting Mentor’s request to rescind the Bhang Agreement and ordering Bhang to return Mentor’s $1,500,000 plus interest at the rate of 10% for the period of time from the date of the Bhang Agreement through the date of the arbitration award. The claims of Bhang and its owners for contract and other damages were denied in their entirety. Neither Bhang nor Mentor are affiliated with the other in any way nor does Mentor own any part of Bhang or any Bhang stock. Bhang owners who purchased shares of Mentor stock pursuant to the Bhang Agreement may return some or all of the 117,000 original shares they purchased from Mentor in exchange for the original purchase price of $1.95 per share plus interest at the rate of 10% for the period of time between the date of the Bhang Agreement and the date of the arbitration award.

The Company’s corporate counsel will be submitting a motion to the Arbitration Panel seeking recovery of Mentor’s attorneys’ fees from Bhang incurred by Mentor related to the Bhang dispute.