Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 70

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 70
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    Issued 
     - 
  
    Canceled 

    Exercised 
     2,000,000 
  
    Outstanding at December 31, 2023 
     4,250,000 
  
    Issued 
     - 

    Exercised 
     - 
  
    Outstanding at December 31, 2024 
     4,250,000 

Series
E, F, G, and H warrants were issued for investment banking and advisory services during 2009. Series E, F, and G warrants were exercised
in 2014. On November 14, 2022, the 275,647 Series H Warrants of Lenox Hill Partners, LLC were canceled pursuant to a Settlement Agreement.
As of December 31, 2024, there were 413,512 Series H ($7) Warrants outstanding. The following table summarizes Series H ($7) warrants
as of each period:

    Series H $7.00 exercise price 
  
    Outstanding at December 31, 2022 
     413,512 
  
    Issued 
     - 
  
    Canceled 
     - 
  
    Exercised 
     - 
  
    Outstanding at December 31, 2023 
     413,512 
  
    Outstanding balance 
     413,512 

    Issued 
     - 
  
    Canceled 
     - 
  
    Exercised 
     - 
  
    Outstanding at December 31, 2024 
     413,512 
  
    Outstanding balance 
     413,512 

    F-34

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

On
February 9, 2015, in accordance with Section 1145 of the United States Bankruptcy Code and the Company’s Third Amended Plan of
Reorganization, the Company announced a minimum 30-day partial redemption of up to 1% of the already outstanding Series D warrants to
provide for the court specified redemption mechanism for warrants not exercised timely by the original holder or their estates. Company
designees that applied during the 30 days paid 10 cents per warrant to redeem the warrant and then exercised the Series D warrant to
purchase a share of the Company’s Common stock at the court-specified formula of not more than one-half