EXHIBIT 10.1

                                ESCROW AGREEMENT

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                                ESCROW AGREEMENT


  ESCROW AGREEMENT, made and entered into as of the ______ day of January, 2001,
by and between Grafton State Bank, a Wisconsin banking corporation ("Escrow
Agent") and Mentor Capital Consultants, Inc., a Delaware corporation
("Company").

                                   WITNESSETH:
  WHEREAS,  the Company proposes to offer, offer for sale and sell to the public
up to 1,500,000 units, each unit consisting of two shares of its common stock,
par value $0.0001 per share ("Common Stock"), and two warrants ("Warrants") to
purchase additional shares of Common Stock, each Warrant, respectively,
entitling the holder to purchase one share of Common Stock at the price of $3.00
and $4.00, respectively, at an initial offering price of $____ per Unit
("Offering");

  WHEREAS, a registration statement on Form SB-2 with respect to the Units,
including a form of prospectus, has been filed by the Company with the
Securities and Exchange Commission ("Commission") under the Securities Act of
1933, as amended ("Securities Act").  One or more amendments to or changes in
such registration statement have been or may be so filed, and a final form of
prospectus will be filed with the Commission upon the effectiveness of such
registration statement.  Such registration statement (including all exhibits
thereto), as amended at the time it becomes effective and at the time each
post-effective amendment thereto becomes effective, and the final prospectus
filed upon the effectiveness of such registration statement or post-effective
amendment (including any supplements to such final prospectus filed following
such effectiveness) are referred to herein, respectively, as the "Registration
Statement" and the "Prospectus";

  WHEREAS, the Registration Statement and the Prospectus provide that amounts
tendered by investors in payment of the subscription price for Units, including
checks, cash and cash equivalents ("Subscription Proceeds"), shall be deposited
and held in escrow in a segregated account until such Subscription Proceeds are
disbursed by the Escrow Agent pursuant to this Agreement; and

  WHEREAS, unless subscriptions for not less than 150,000 Units are accepted by
the Company and fully paid for on or before the Termination Date, the Offering
will terminate, and no Units will be sold.  "Termination Date" means the date
which is 90 days after the date upon which the Registration Statement first
becomes effective under the Securities Act (which effective date shall also be
the date of the Prospectus), unless extended by the Company in its discretion
for an additional 90 days.

  NOW, THEREFORE, in consideration of the mutual covenants set forth herein and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

  1. Escrow.  From the date hereof through and including (i) the date of the
final disbursement of funds pursuant to this Agreement or (ii) termination of
the Offering by the Company, whichever later occurs, the Escrow Agent shall act
as escrow agent and shall receive and disburse all Subscription Proceeds and
earnings, if any, thereon in accordance with the terms of this Agreement.  The
Escrow Agent hereby represents to the Company that it is a "bank" as such term
is defined by Section 3(a)(6) of the Securities Exchange Act of 1934, as amended
("Exchange Act").

  2. Deposit Procedure.

    (a) The Escrow Agent shall establish an appropriate segregated account
("Escrow Account") designated as the "Mentor Capital Consultants, Inc. Escrow
Account," or with such other appropriate designation as shall be assigned by the
Escrow Agent and communicated to the Company.  The Escrow Agent shall cause all
Subscription Proceeds transmitted to it by the Company to be held in the Escrow
Account.  All checks received by the Escrow Agent are to be held uncashed until
required to be submitted for collection pursuant to paragraph 2(b) of this
Agreement.

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    (b) All Subscription Proceeds received by the Company shall be promptly
delivered to the Escrow Agent, at 101 Falls Road, Grafton, Wisconsin 53024,
together with a schedule of such payments and the subscriptions represented
thereby.  Provided that the Escrow Agent shall have received with respect to
each subscription for Units (i) Facsimile Notice (as defined herein) from the
Company that a subscription has been received by the Company and (ii)
Subscription Proceeds in the amount required to pay in full for such
subscription, the Escrow Agent shall immediately commence the collection process
(as applicable) with respect to such Subscription Proceeds.  Any payment item
which is returned to the Escrow Agent on its initial presentation for payment
need not again be presented for collection.  The Facsimile Notice provided for
in this paragraph shall be given by the Company not more than five (5) days
following receipt by the Escrow Agent of such Subscription Proceeds and not less
than two (2) business days prior to any disbursement of Subscription Proceeds by
the Escrow Agent pursuant hereto.

    (c) If a subscription is not accepted by the Company, the Company shall,
within five (5) days following its receipt, provide the Escrow Agent with
Facsimile Notice (as defined herein) of the name of the rejected subscriber, the
address of the rejected subscriber, and the amount of Subscription Proceeds
received from such rejected subscriber and delivered to the Escrow Agent by the
Company.

    (d) If the Escrow Agent is holding collected funds with respect to a
rejected subscription, the Escrow Agent shall promptly remit the full amount of
Subscription Proceeds received by the Company and delivered to the Escrow Agent,
without interest thereon or deduction therefrom, to the rejected subscriber at
the address provided by the Company.  If the Escrow Agent has presented the
Subscription Proceeds of a rejected subscriber for collection but has not yet
collected funds, the Escrow Agent shall, promptly upon collection of such funds,
remit the full amount of Subscription Proceeds received by the Company and
delivered to the Escrow Agent, without interest thereon or deduction therefrom,
to the rejected subscriber at the address provided by the Company.  If the
Escrow Agent has not yet presented the Subscription Proceeds of a rejected
subscriber for collection, the Escrow Agent shall promptly return in full the
Subscription Proceeds received by a Selected Placement Agent and delivered to
the Escrow Agent in the form so received and delivered, without interest thereon
or deduction therefrom, to the rejected subscriber at the address provided by
the Company.

  3. Investment of Escrow Funds.  The Escrow Agent shall invest all funds held
in the Escrow Account (including earnings, if any, thereon) in United States
government securities or securities guaranteed by the United States,
certificates of deposit of banks located in the United States or any other
investment, provided, in each case, that such investment is permitted by Rule
15c2-4, promulgated by the Securities and Exchange Commission under the Exchange
Act ("Rule 15c2-4").  Such investments shall be made in a manner consistent with
the requirement that the Subscription Proceeds be available for delivery by the
Escrow Agent at the times described herein.  The parties hereto recognize that
there may be a forfeiture of interest in the event of early withdrawal from an
interest-bearing account of investment.

  4. Initial Closing.

    (a) If the Escrow Agent shall (i) be holding in escrow collected funds
representing Subscription Proceeds in an amount equal to the full purchase price
of 125,000 Units and (ii) have received from the Company on or before the
Termination Date and the Initial Closing Date, respectively, the Facsimile
Notice (as defined herein) and related Confirmation (as defined herein)
described in paragraph 4(b) hereof, then the Escrow Agent shall disburse the
collected funds then held in the Escrow Account (less fees of the Escrow Agent
as provided herein) to the Company, as provided herein and subject to the
provisions hereof, at the Initial Closing.  As used in this Agreement, the terms
"Initial Closing" and "Initial Closing Date" shall mean, respectively, the first
disbursement of Subscription Proceeds by the Escrow Agent pursuant to this
Agreement and the date upon which such disbursement occurs; the Initial Closing
shall be scheduled as determined by the parties hereto.

    (b) On or before the Termination Date, the Escrow Agent shall have received
Facsimile Notice (as defined herein) from the Company that all conditions
precedent to the disbursement of Subscription Proceeds on the Initial Closing
Date have been fully satisfied as required under the Registration Statement and
Prospectus, specifically certifying that subscriptions for not less than 125,000
Units have been received and accepted by the Company on or before the
Termination Date; Confirmation (as defined herein) of such Facsimile Notice
shall be delivered to the Escrow Agent on or before the Initial Closing Date,
dated as of the Initial Closing Date.

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    (c) Provided that the Escrow Agent shall have (i) received and be holding in
escrow collected Subscription Proceeds as required under paragraph 4(a) hereof,
(ii) received the Facsimile Notice (as defined herein) required under paragraph
4(b) hereof on or before the Termination Date and (iii) received Confirmation
(as defined herein) of the Facsimile Notice required under paragraph 4(b) hereof
on or before the Initial Closing Date, the Escrow Agent shall, on the Initial
Closing Date, disburse the collected funds then held in the Escrow Account as
follows:  First, to the Escrow Agent in the amount of any fees then due and
payable to such Agent (which shall not exceed on the Initial Closing Date the
aggregate earnings, if any, on funds held in the Escrow Account, determined as
of the business day immediately preceding such Closing Date); and Second, to the
Company in the amount of any balance then remaining in the Escrow Account.

    (d) If any of the conditions described in paragraphs 4(a) and 4(b) hereof
shall not have been fully satisfied at the close of business on the date
(Termination Date or Initial Closing Date) specified herein for such compliance,
the Escrow Agent shall promptly return all Subscription Proceeds directly to
subscribers, without interest thereon or deduction therefrom, and the escrow
provided for herein shall thereupon terminate.

  5. Additional Closings.

    (a) Subsequent to the Initial Closing Date, the collected funds then held in
the Escrow Account shall be disbursed by the Escrow Agent from time to time at
one or more Additional Closings.  As used herein, the terms "Additional Closing"
and "Additional Closing Date" shall mean, respectively, any such further closing
and the date upon which such closing occurs; Additional Closings shall be
scheduled as determined by the parties to this Agreement.

    (b) Prior to the disbursement of collected funds held in the Escrow Account
at any Additional Closing, the Escrow Agent shall have received Facsimile Notice
(as defined herein) from the Company that all conditions precedent to such
disbursement by the Escrow Agent have been fully satisfied as required under the
Registration Statement and Prospectus.  The Facsimile Notice from the Company
provided for in this paragraph 5(b) must be received by the Escrow Agent not
less than two (2) business days prior to such Additional Closing Date;
Confirmation (as defined herein) of such Facsimile Notice shall be delivered to
the Escrow Agent by the Company on or before such Additional Closing Date, dated
as of such Additional Closing Date.

    (c) Provided that the Facsimile Notice (as defined herein) required under
paragraph 5(b) hereof shall have been received by Escrow Agent not less than two
(2) business days prior to, and confirmed in writing on or before, each
Additional Closing Date, the Escrow Agent shall, on such Additional Closing
Date, disburse the collected funds then held in the Escrow Account as follows:
First, to the Escrow Agent in the amount of any fees then due and payable to
such Agent (which shall not exceed on any Additional Closing Date the aggregate
earnings, if any, on funds held in the Escrow Account, determined as of the
business day immediately preceding such Closing Date); and Second, to the
Company in the amount of any balance then remaining in the Escrow Account.

  6. Books and Records.  The Escrow Agent shall maintain accurate records of all
transactions hereunder.  Promptly upon the termination of escrow, or as may
reasonably be requested by the Company prior thereto, the Escrow Agent shall
provide the Company with a complete copy of such records, certified by the
Escrow Agent to be a complete and accurate account of all such transactions.
The authorized representatives of the Company shall also have access to such
books and records at all reasonable times during normal business hours upon
reasonable notice to the Escrow Agent.

  7. Escrow Agent Fees.  As compensation for services performed by it pursuant
to this Agreement, the Escrow Agent shall be entitled to receive from the
Company the fees set forth on Schedule A hereto; such fees shall be deducted
from Escrow Income (as defined in such Schedule A), and the Company shall pay to
the Escrow Agent on demand any portion of such fees which remains unpaid
following the final Closing.

  8. Termination.  This Agreement shall terminate on the final disposition of
the moneys and property held in escrow under and pursuant to the terms hereof,
provided that the rights of the Escrow Agent and the obligations of the Company
under paragraphs 7 and 9 shall survive the termination hereof.

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  9. General Provisions.

    (a) This Agreement expressly sets forth all the duties of the Escrow Agent
with respect to any and all matters pertinent hereto.

    (b) The Escrow Agent shall not be liable, except for its own negligence or
willful misconduct and, except with respect to claims based upon such negligence
or willful misconduct that are successfully asserted against the Escrow Agent.
The Company shall indemnify and hold harmless the Escrow Agent (and any
successor Escrow Agent) from and against any and all losses, liabilities,
claims, actions, damages and expenses, including reasonable attorneys' fees and
disbursements, arising out of and in connection with this Agreement.

    (c) The Escrow Agent shall be entitled to rely upon any order, judgment,
certification, demand, notice, instrument or other writing delivered to it
hereunder without being required to determine the authenticity or the
correctness of any fact stated therein or the propriety or validity of the
service thereof.  The Escrow Agent may act in reliance upon any instrument or
signature believed by it to be genuine and may assume that any person purporting
to give notice or advice, or to accept and acknowledge receipt, or to make any
statement or execute any documents in connection with the provisions of this
Agreement has been duly authorized to do so.

    (d) In the event that the Escrow Agent (i) shall be uncertain as to its
duties arising under this Agreement or (ii) shall receive instructions from the
Company as to the funds held in the Escrow Account which, in its opinion, are
inconsistent with each other or are in any conflict with any of the provisions
of this Agreement, the Escrow Agent shall be authorized to hold any and all
Subscription Proceeds received by it, together with any other amounts which
shall accrue to or be deposited in the Escrow Account, pending the settlement of
any such controversy by final adjudication of a court of competent jurisdiction,
or the Escrow Agent may, at its option, deposit such funds with the clerk of a
court of competent jurisdiction, in an appropriate proceeding to which all
parties in interest are duly joined.

    (e) The Escrow Agent (and any successor escrow agent) may at any time resign
as such by delivering all amounts held in the Escrow Account to any successor
escrow agent designated by the Company in writing, or to any court of competent
jurisdiction, whereupon the Escrow Agent shall be discharged of and from any and
all further obligations arising in connection with this Agreement.  The
resignation of the Escrow Agent will take effect (i) upon the appointment of a
successor (including a court of competent jurisdiction) or (ii) thirty (30) days
after the date of delivery of its written notice of resignation to the Company,
whichever first occurs.  If at such time the Escrow Agent has not received a
written designation of a successor escrow agent, the Escrow Agent's sole
responsibility thereafter shall be to safekeep the funds held in the Escrow
Account until receipt by the Escrow Agent of a written designation by the
Company of a successor escrow agent or a final order of a court of competent
jurisdiction.

    (f) The parties hereto hereby irrevocably submit to the jurisdiction of any
Wisconsin state court or federal court sitting in Wisconsin in any action or
proceeding arising out of or relating to this Agreement, and the parties hereby
irrevocably agree that all claims in respect of such action or proceeding shall
be heard and determined in such state or federal court.  The parties to this
Agreement hereby consent to and grant to any such court jurisdiction over the
persons of such parties and over the subject matter of any such dispute and
agree that delivery or mailing of any process, instrument or other paper in
connection with any such action or proceeding in the manner provided in this
Agreement, or in such other manner as may be permitted by law, shall be valid
and sufficient service of such process, instrument or other paper.

    (g) This Agreement shall be binding upon and inure solely to the benefit of
the parties hereto and their respective successors and assigns, and shall not be
enforceable by or inure to the benefit of any third party.  Except as provided
herein with respect to a resignation by the Escrow Agent, no party hereto may
assign any of its rights or obligations under this Agreement without the prior
written consent of the other parties hereto.

    (h) This Agreement may only be modified by a written instrument signed by
the parties hereto, and no waiver hereunder shall be effective unless in writing
signed by the party to be charged.

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    (i) The Escrow Agent makes no representation as to the validity, value,
genuineness or the collectibility of any security or other document or
instrument held by or delivered to such Escrow Agent pursuant to the terms of
this Agreement.

    (j) For purposes hereof, "Facsimile Notice" shall mean the delivery by
telephone facsimile (FAX) of a notice, request, demand or other communication
provided for herein, and "Confirmation" shall mean the delivery by hand (via
commercial courier service or otherwise) or by first class mail, if and to the
extent required hereunder, of a manually-signed (if applicable) counterpart of
any such notice, demand or other communication.  All Facsimile Notices and
Confirmations shall be deemed given when received and shall be telecopied and
delivered by hand, respectively, to the parties at the facsimile (FAX) telephone
numbers and addresses listed below, or to such other persons or facsimile
telephone numbers/addresses as the relevant party shall designate from time to
time in writing delivered by hand as aforesaid:

  If to the Company:
    Mentor Capital Consultants, Inc.
    Attention:  Michael Bissonnette
    Facsimile Notice (FAX) Telephone Number:  (303) 444-0406
    Confirmation Address:   4940 Pearl East Circle, Suite 104
                            Boulder, Colorado 80301

  If to the Escrow Agent: Grafton State Bank
    Escrow Department
    Attention:  Dorothy Jochims
    Facsimile Notice (FAX) Telephone Number:  (414) 377-6328
    Confirmation Address:   101 Falls Road
                            Grafton, Wisconsin 53024

    (k) This Agreement shall be construed in accordance with and governed by the
internal law of the State of Wisconsin.

    (l) This Agreement may be executed in several counterparts, each of which
shall be deemed an original, and all of which together shall constitute one and
the same instrument.

  IN WITNESS WHEREOF, the parties hereto have executed this Escrow Agreement as
of the day and year first above written.


                                              Mentor Capital Consultants, Inc.




                                         By:_________________________________
                                            W. Michael Bissonnette, President



                                                  Grafton State Bank




                                         By:_________________________________
                                               Thomas J. Sheehan, President

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                                ESCROW AGREEMENT


                                   Schedule A



  This Schedule A to the Escrow Agreement, dated as of _________________, 2001,
by and between Grafton State Bank ("Escrow Agent") and Mentor Capital
Consultants, Inc. ("Company"), sets forth the compensation arrangements referred
to in paragraph 7 of such Agreement, as follows:

  For services performed by it pursuant to the Escrow Agreement, the Escrow
Agent shall be entitled to receive from the Company fees in the amounts of
$2,000, payable upon the execution hereof, plus $250 per Closing and $10 per
subscriber (whether accepted or rejected); provided, however, that the Escrow
Agent shall receive, in the aggregate, not less than $2,500 in consideration of
its services rendered pursuant to the terms of the Escrow Agreement.  Except for
the initial payment due upon the execution of this Agreement, such fees shall be
(a) due and payable on the Initial Closing Date and each Additional Closing Date
until paid in full and (b) payable, through the final Closing, only from and to
the extent of available Escrow Income; provided that, if payments made from
available Escrow Income, made at the Initial Closing and one or more Additional
Closings are not, in the aggregate, sufficient to pay such fees in full, the
Company shall pay on demand any such fees which remain unpaid following the
final Closing.  "Escrow Income" is the amount of interestand/or dividends, if
any, which shall have been (x) paid on or in respect of the Escrow Account
(representing earnings on funds held therein) and (y) deposited in such Account
as collected funds on or prior to the business day immediately preceding such
Initial Closing Date or Additional Closing Date, as the case may be.  If and to
the extent that Escrow Income exceeds the aggregate fees payable to the Escrow
Agent hereunder, such excess shall be paid to the Company at the Initial Closing
or Additional Closing(s), as the case may be.  The foregoing notwithstanding, if
the Offering is terminated prior to the Initial Closing, the Escrow Agent shall
be entitled to receive fees in the aggregate amount of $2,500, and no more,
payable by the Company on demand.  All terms used herein shall have the same
meanings ascribed to them in the Escrow Agreement of which this Schedule is a
part.