Note 19 - Subsequent events

On April 10, 2015, the Company entered into an exchange agreement whereby the Company will receive an investment in installment accounts receivable of $117,000 per year for 11 years totaling $1,287,000 in exchange for 757,059 shares of Mentor stock which were obtained through exercise of series D warrants at $1.60 per share.   

On April 20, 2015, the Company acquired 100% of a Georgia sole proprietorship, dba Investor Webcast (CAST) valued at $469,611 in exchange for 4,696 to-be-created series B convertible preferred shares of Mentor.  CAST provides cannabis related private companies, investors and microcap issuers with the best possible investor information through webcasts, conferences, email and an evolving mix of media products, investment publications, industry financial research, and by other means.  After one year, the to-be-created series B convertible preferred shares may be converted, in steps or in whole, into Mentor common shares.  The to-be-created series B convertible preferred shares will convert to Common based on the following conversion formula:  ((3.3 times CAST recurring revenue) + (20 times CAST after tax profit) divided by 2) plus cash minus liabilities, for the preceding four calendar quarters, as defined in the agreement.  

On April 13, 2015, Mentor notified MCB that the amount of funding provided by Mentor would be reduced to $100,000.  On April 27, 2015, Mentor notified MCB that it was exercising it’s option to convert it’s equity in MCB to a ten year note receivable for $74,000 from MCB as provided in the funding agreement.  The note receivable bears interest at 6% and will be payable in monthly installments.