Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 82

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 82
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 was added to the amount payable
by the G Farma Settlors in accordance with the terms of the Settlement Agreement. The Company and Partner I sought entry of a stipulated
judgment against the G Farma Settlors for (1) $494,450, the remaining amount of the $500,000 settlement amount, which has not yet been
paid by the G Farma Settlors plus $2,000,000 and all accrued unpaid interest, (2) the Company’s incurred costs, and (3) attorneys’
fees paid by the Company to obtain the judgment.

On
July 11, 2023, the Court entered judgment against the G Farma Settlers in favor of the Company and Mentor Partner I, LLC in the amount
of $2,539,597. The judgment also accrues post-judgment interest at the rate of 10% from July 11, 2023 until such time as the judgment
is paid in full. The judgment and interest receivable of $500,962 at June 30, 2025 is fully reserved pending the outcome of the Company’s
collection process. Payments from G Farma and G Farma guarantors will be recognized in Other Income as they are received. The Company
has retained the full reserve on the unpaid notes receivable balance and collections of the unpaid lease receivable balance due to the
history of uncertain payments from G Farma and the G Farma Settlors.

-34-

Mentor
Partner I, LLC

Mentor
Partner I, LLC (“Partner I”) was reorganized under the laws of the State of Texas in February 2021. Partner I originally
held the contractual rights to lease payments from G Farma and now the related settlement and $2,539,597 judgment receivable plus
interest receivable of $500,962 at June 30, 2025 in favor of the Company and Partner I.

Mentor
Partner II, LLC

Mentor
Partner II, LLC (“Partner II”) was reorganized under the laws of the State of Texas in February 2021. Partner II originally
held the contractual rights to lease payments from Pueblo West, which was paid off by a final payment of $245,369 on September 28, 2022.

TWG,
LLC

On
October 4, 2022, the Company formed TWG, LLC (“TWG”), a Texas limited liability company