Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 68

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 68
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 have indemnified our officers and directors against
possible monetary liability to the maximum extent permitted under California and Delaware law. The managers of Mentor Partner I, LLC,
Mentor Partner II, LLC, and TWG, LLC have been indemnified to the maximum extent permitted under Texas law.

The worldwide economy could impact the Company
in numerous ways.

The
effects of negative worldwide economic events, such as the impact of inflation, interest rate fluctuations, tariff increases,
recession, climate regulation, economic sanctions, potential banking or currency crises, cybersecurity risks, evolving and
sophisticated cyber-attacks and other attempts to gain access to our information technology systems, the war in Ukraine, the war in the Middle East,
the post-election change in the U.S. federal government’s administration, product and labor shortages, increased risk to oil
and energy markets, market conditions that could impact the price of gold, and a global economic slowdown may cause
disruptions and extreme volatility in global financial markets, increased rates of default and bankruptcy, political change, impact
levels of consumer spending, and may impact our business, operating results, or financial condition. The ongoing worldwide economic
political, and military situations future weakness in the credit markets, and significant liquidity problems for the financial
services industries may also impact our financial condition in a number of ways. For example, current or potential partners and
affiliates may not pay us, or our partners or affiliates may delay paying us or our partners or affiliates for previously purchased
products and services. Our involvement in the classic energy sector may draw political or regulatory scrutiny even if our actions
are entirely legal and beneficial to society. Also, we may have difficulties in securing additional financing in the energy
sector.

Shareholders, directors, partners, professionals,
and employees may disagree with management’s plan and direction for the company.

In any organization, some individuals will have differing
views on the best approach that the Company should follow to optimize results. These differences can sometimes even evolve into personal
conflicts that are a distraction to management. With over four decades of senior management experience current leadership has rarely but
occasionally encountered these sorts of diverging opinions as to how the Company should proceed. Disagreements of this nature have recently
been addressed but may again continue or reappear in the future and randomly over time.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On December 14, 2023, our Chief Executive Officer,
Chet Billingsley, exercised