Audit Committee Position

David G. Carlile

Director & Audit Committee Chairman

David G. Carlile was appointed as a director on April 14, 2017, and on May 6, 2017, he was appointed as a director of the company's Audit Committee and named Audit Committee Chairman. For over 34 years, Mr. Carlile has served in Senior Management positions in the coal industry; he has been the President of Carlile Enterprises, Inc. for over 17 years. He received his BSc. in Mining Geology from the Imperial College, University of London in 1977. He also received a Master's Degree in Mining Engineering from the University of Arizona in 1979. Mr. Carlile has no affiliated or conflicting outside business interests.

Chair

Stan Shaul

Director & Audit Committee Member

Stan Shaul was appointed as a director on November 24, 1998, and on May 6, 2017, he was appointed as a director of Mentor's Audit Committee. Mr. Shaul was our Treasurer from November 24, 1998 until April 9, 2015. He is the President of SportsClix, Inc. that he founded and incorporated on November 15, 1999, the President/CTO of Podiim, Inc., and the President of Cardan Media. He has over 30 years' experience in software engineering, team building, management, and development. As a business founder and significant company shareholder, he brings business understanding, insight, and shareholder interest to his board deliberations. He graduated with a Bachelor's degree in Mathematics and Computer Science from UCLA. Mr. Shaul has no affiliated or conflicting outside business interests.

Member

Chet Billingsley

Chairman & CEO

Chet Billingsley is the Chairman, CEO, and founder of Mentor Capital, Inc. He is a native of Minnesota who received a congressional appointment and did his undergraduate work at West Point. Later, he went to graduate school at Harvard University where he received a Master's Degree in Applied Physics with concurrent study at Harvard Business School, and at MIT studying proton radiology as applied to difficult to treat cancers in conjunction with Mass General Hospital.

Mr. Billingsley spent the major portion of his early career at General Electric. In 1985, he formed Tech Start, the predecessor to Mentor Capital, in the heart of Silicon Valley. He has held the general manager or president position since that time.

In 1996, he took the firm public and has had lead responsibility in the Tech III Partners, Cambridge Equity Partners, and Mentor Investors I, LP financial partnerships. He has directed the successful acquisition or investment in over thirty-eight operating portfolio businesses or entities.

Mr. Billingsley is a conservative, 65-year-old, non-using businessman. In August 2013, he led the surprising but science-based decision to take Mentor Capital into the medical marijuana space. The goal was to pursue an alternative approach to fighting cancer, calming seizures, reducing ocular pressure, and blunting pain, while seeking significant shareholder returns.

As a public company pioneer in the legal cannabis space, Mr. Billingsley became a founding director and officer of the board of directors of the Nevada Cannabis Industry Association in November 2013.

Member

Audit Committee Charter

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