Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 121

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 4
Chunk 121
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 as Mentor Capital, LP until we incorporated in California in 1994. We were privately owned until September 1996; at which
time our Common Stock began trading on the Over The Counter Pink Sheets. Our merger and acquisition and business development activities
have spanned many business sectors, and we went through a bankruptcy reorganization in 1998. In late 2015, we reincorporated under the
laws of the State of Delaware. We have operated in several different industries over our existence but do not have brand recognition within
any one industry.

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Failure to maintain effective internal controls
in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 could have a material adverse effect on our stock price.

Section 404 of the Sarbanes-Oxley Act of 2002 and
the related rules and regulations of the SEC require annual management assessments of the effectiveness of our internal control over financial
reporting. If we fail to adequately maintain compliance with, or maintain the adequacy of, our internal control over financial reporting,
as such standards are modified, supplemented or amended from time to time, we may not be able to ensure that we can conclude on an ongoing
basis that we have effective internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002
and the related rules and regulations of the SEC. If we cannot favorably assess our internal controls over financial reporting, investor
confidence in the reliability of our financial reports may be adversely affected, which could have a material adverse effect on our stock
price.

We have indemnified our officers and directors.

We 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,