Document:

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.

                                       1

    (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.

                                       2

    (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.

                                       3

  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.

                                       4

    (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

                                       5

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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.EXHIBIT 10.2

                             $3.00 WARRANT AGREEMENT

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                             $3.00 WARRANT AGREEMENT

  Mentor Capital Consultants, Inc., a Delaware corporation ("Company"), and
Grafton State Bank, a Wisconsin banking corporation ("Warrant Agent"), hereby
agree as follows:

  1.  Offering of Warrants.  The Company proposes to offer, offer for sale, sell
and issue warrants ("Warrants") to purchase up to an aggregate of 1,500,000
shares of its common stock, par value $0.0001 per share ("Common Stock").  Such
Warrants comprise a part of the investment units to be sold by the Company, each
unit ("Unit") consisting of two shares of Common Stock and Warrants (one $3.00
Warrant and one $4.00 Warrant) to purchase two additional shares of Common
Stock.  Each $3.00 Warrant entitles the registered holder thereof ("Warrant
Holder") to purchase one share of Common Stock at the price of $3.00 per share.

  A registration statement on Form SB-2 with respect to the Warrants, 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."

  2.  Warrants.  As described in the Registration Statement and the Prospectus,
each Warrant will entitle the Warrant Holder to purchase Common Stock directly
from the Company at the price of $3.00 per share ("Exercise Price").  Each
Warrant shall be exercisable as provided herein for a period of eighteen (18)
months, commencing six (6) months following the initial effective date of the
Registration Statement, provided that the Common Stock issuable upon the
exercise of such Warrant is, at the time of exercise, registered or otherwise
qualified for sale under the Securities Act and the securities or "blue sky"
laws of the jurisdiction in which the exercise of such Warrant is proposed to be
effected ("Warrant Exercise Period").  Upon the expiration of its Warrant
Exercise Period, each Warrant will, respectively, expire and become void and of
no value.

  3.  Certificates.  The certificates evidencing Warrants ("Warrant
Certificates") shall be registered as to holder and be substantially in the form
set forth in Exhibit A to this Agreement.  Warrant Certificates shall be signed
by, or shall bear the facsimile signature of the President or a Vice President
of the Company and the Secretary or an Assistant Secretary of the Company.  If
any person whose signature appears upon any Warrant Certificate as an officer of
the Company shall have ceased to be such officer before such Warrant Certificate
is issued and delivered, such Warrant may be issued and delivered as if such
person had not ceased to be an officer.  Any Warrant Certificate may be signed
by, or made to bear the facsimile signature of, any person who at the actual
date of the preparation of such Warrant Certificate shall be a proper officer of
the Company to sign such Certificate even though such person was not such an
officer upon the date of this Agreement.

  4.  Registration of Transfers and Exchanges.  Subject to the provisions of
Section 3, the Warrant Agent shall from time to time register the transfer of
any outstanding Warrant Certificate upon records maintained by the Warrant Agent
for such purpose following the surrender of such Warrant Certificate to the
Warrant Agent for transfer, accompanied by appropriate instruments of transfer
in form satisfactory to the Company and the Warrant Agent and duly executed by
the Warrant Holder or a duly authorized attorney.  Upon any such registration of
transfer, a new Warrant Certificate shall be issued in the name of and to the
transferee and the surrendered Warrant Certificate shall be canceled.

  5. Exercise of Warrants.

    (a) A Warrant shall be exercised by the Warrant Holder by surrendering to
the Warrant Agent the certificate evidencing such Warrant with the exercise form
on the reverse of such Warrant Certificate duly completed and executed and
delivering to the Warrant Agent, by good check payable to the order of the
Company, the aggregate Exercise Price of the shares of Common Stock to be
purchased.

                                       1

    (b) During its Warrant Exercise Period, a Warrant may be exercised in whole
at any time or in part from time to time, provided that not less than 100 shares
of Common Stock, or any integral multiple of such amount, shall be purchased
upon any partial exercise.

    (c) Upon receipt of a Warrant Certificate with the exercise form thereon
duly executed together with payment in full of the aggregate Exercise Price of
the shares of Common Stock to be purchased, the Warrant Agent shall requisition
from the transfer agent for the Common Stock (including the Company acting as
such transfer agent), and upon receipt shall make delivery of, certificates
evidencing the total number of shares of Common Stock issuable upon such
exercise, in such names and denominations as are required for delivery to, or in
accordance with the instructions of the Warrant Holder.  Such Common Stock
certificates shall be deemed to be issued, and the person to whom such shares of
Common Stock are issued of record shall be deemed to have become a holder of
record of such shares of Common Stock, as of the date of the surrender of such
Warrant Certificate and payment of the Exercise Price, whichever shall last
occur; provided, that if the books of the Company with respect to the transfer
of Common Stock are then closed, such shares shall be deemed to be issued, and
the person to whom such shares of Common Stock are issued of record shall be
deemed to have become a record holder of such shares, as of the date on which
such transfer books of the Company shall next be open (whether before, on or
after the expiration of the applicable Warrant Exercise Period).

    (d) Subject to Section 6(b), if less than all the Warrants evidenced by a
Warrant Certificate are exercised upon a single occasion, a new Warrant
Certificate for the balance of the Warrants not so exercised shall be issued and
delivered to, or in accordance with transfer instructions properly given by, the
Warrant Holder, until the expiration of the applicable Warrant Exercise Period.

    (e) All Warrant Certificates surrendered upon exercise of Warrants shall be
canceled.

    (f) Upon the exercise of any Warrant, the Warrant Agent shall promptly
deposit all funds received in payment of the Exercise Price into a segregated
account ("Collection Account") established by mutual agreement of the Company
and the Warrant Agent at a federally insured commercial bank (which may be the
Warrant Agent).  All funds deposited in the Collection Account will be disbursed
on a weekly basis to the Company after they have been determined by the Warrant
Agent to be collected funds.  Once funds deposited in the Collection Account are
determined to be collected, the Warrant Agent shall cause the certificate(s)
representing the shares of Common Stock issued upon the exercise of Warrants to
be delivered to the record holder(s) of such Common Stock.

    (g) Reasonable expenses incurred by Grafton State Bank acting in the
capacity as Warrant Agent will be paid or reimbursed by the Company.  These
expenses, including delivery of Common Stock certificates to shareholders, will
be deducted monthly from funds held in the Collection Account or, at the option
of the Warrant Agent, paid directly by the Company upon demand.  A report
setting forth (i) the names of exercising Warrant Holders, (ii) the number of
shares of Common Stock issuable to such exercising Warrant Holders,
respectively, (iii) the amount of funds remitted by such exercising Warrant
Holders, respectively, and (iv) any expenses paid (including fees and expenses
of the Warrant Agent) will be provided to the Company by the Warrant Agent at
the time of each disbursement of funds held in the Collection Account.

  6.  Voluntary Redemption of Warrants.  Commencing six (6) months following the
initial effective date of the Registration Statement, and at any time thereafter
until and including, but not after, the expiration of the Warrant Exercise
Period, the Company may, at its option, redeem all of the Warrants at any time
or some of them from time to time, upon payment of One Cent ($0.01) per Warrant
to the Warrant Holder, provided that the closing bid or sale price of the Common
Stock, as quoted on the NASD OTC Bulletin Board, or other national securities
exchange, equals or exceeds Five Dollars ($5.00) per share for twenty (20)
consecutive trading days ending within fifteen (15) days of the date upon which
notice of redemption is given as provided herein.  In case less than all of the
Warrants at the time outstanding are to be redeemed, the Warrants to be redeemed
shall be selected by the Company by lot.  Notices of such optional redemption
will be mailed at least fifteen (15) days prior to the redemption date to each
holder of Warrants to be redeemed at the registered address of such Holder.
Each Holder of a Warrant, by accepting the same, agrees upon any such notice of
redemption to receive payment for such Warrant upon the date fixed for
redemption in the amount herein provided.

                                       2

  7.  Taxes.  The Company will pay all taxes attributable to the initial
issuance of shares of Common Stock upon the exercise of Warrants.  Taxes
attributable to (i) the issuance of any Common Stock certificate in the name
other than that of a Warrant Holder upon the exercise of Warrants or (ii) the
transfer of any Warrant shall be paid by the Warrant Holder requesting such
issuance or proposing to effect such transfer; such transactions will only be
effected following the deposit with the Warrant Agent of funds sufficient to pay
in full any tax liability incurred or to be incurred in connection therewith.

  8.  Mutilated or Missing Warrant Certificates.  If any Warrant Certificate is
mutilated, lost, stolen or destroyed, the Company and the Warrant Agent may, on
such terms as to indemnity or otherwise as they may in their discretion impose
(which shall, in the case of a mutilated Warrant Certificate, include the
surrender thereof), and upon receipt of evidence satisfactory to the Company and
the Warrant Agent of such mutilation, loss, theft or destruction, issue a
substitute Warrant Certificate.  Applicants for substitute Warrant Certificates
shall comply with any reasonable regulations (and pay any reasonable charges)
prescribed by the Company or the Warrant Agent.

  9.  Reservation of Shares.  For the purpose of enabling the Company to satisfy
its obligation to issue Common Stock upon exercise of Warrants, the Company will
at all times reserve and keep available, free from preemptive rights, out of the
aggregate of its authorized but unissued Common Stock, the full number of shares
which may be issued upon the exercise of Warrants; such shares of Common Stock
will upon issuance be fully paid, nonassessable, and free from all taxes, liens,
charges and security interests with respect to the issuance thereof.

  10. Governmental Restrictions.  If any shares of Common Stock issuable upon
the exercise of Warrants require registration with or approval of any
governmental authority, the Company will endeavor to secure such registration or
approval; provided that in no event shall such shares of Common Stock be issued,
and the Company shall have the authority to suspend the exercise of all
Warrants, until such registration or approval shall have been obtained; however
all Warrants, the exercise of which is requested during any such suspension,
shall be exercisable at the Exercise Price.  If any such period of suspension
continues past the expiration of its Warrant Exercise Period, any Warrant as to
which exercise has been requested on or prior to the expiration of its Warrant
Exercise Period shall be exercisable upon the removal of such suspension until
the close of business on the business day immediately following the expiration
of such suspension.

  11. Adjustments.  Subject to the terms set forth in the Warrant Certificates,
if, prior to the exercise of any Warrants, the Company shall have effected one
or more stock split-ups, stock dividends or other increases or reductions of the
number of shares of its Common Stock outstanding without receiving compensation
therefor in money, services or property, the number of shares of Common Stock
subject to the Warrants shall, (i) if a net increase shall have been effected in
the number of outstanding shares of Common Stock, be proportionately increased,
and the cash consideration payable per share shall be proportionately reduced,
and, (ii) if a net reduction shall have been effected in the number of
outstanding shares of Common Stock, be proportionately reduced and the cash
consideration payable per share be proportionately increased.

  12. Notice to Warrant Holders.

    (a) Upon any adjustment as described in Section 11 hereof, the Company
within twenty (20) days thereafter shall (i) cause to be filed with the Warrant
Agent a certificate signed by an officer of the Company setting forth the
details of such adjustment, the method of calculation and the facts upon which
such calculation is based, which certificate shall be conclusive evidence of the
correctness of the matters set forth therein, and (ii) cause written notice of
such adjustments to be given to each Warrant Holder as of the record date
applicable thereto.

    (b) If the Company proposes to enter into any reorganization,
reclassification, sale of all or substantially all of its assets, consolidation,
merger, dissolution, liquidation or winding up, the Company shall give notice of
such fact at least twenty (20) days prior to such action to all Warrant Holders,
which notice shall set forth such facts as indicate the effect of such action
(to the extent such effect may be known at the date of such notice) on the
Exercise Price and the kind and amount of the shares or other securities and
property deliverable upon exercise of the Warrants.  Without limiting the
obligation of the Company under the provisions of this Agreement to provide such
notice to each Warrant Holder, failure of the Company to give notice shall not
invalidate any corporate action taken by the Company.

                                       3

  13. No Fractional Warrants or Shares.  The Company shall not be required to
issue fractions of Warrants upon the reissue of Warrants, any adjustments as
described in Section 11 hereof or otherwise; but the Company in lieu of issuing
any such fractional interest, shall round up or down to the nearest full
Warrant.  If the total Warrants surrendered for exercise would result in the
issuance of a fractional share of Common Stock, the Company shall not be
required to issue a fractional share but rather the aggregate number of shares
issuable will be rounded up or down to the nearest full share.

  14. Rights of Warrant Holders.  No Warrant Holder, as such, shall have any
rights of a shareholder of the Company, either at law or equity, and the rights
of the Warrant Holders, as such, are limited to those rights expressly provided
in this Agreement or in the Warrant Certificates.  The Company and the Warrant
Agent may treat the registered Warrant Holder in respect of any Warrant
Certificate as the absolute owner thereof for all purposes notwithstanding any
notice to the contrary.

  15. Warrant Agent.  The Company hereby appoints the Warrant Agent to act as
the agent of the Company, and the Warrant Agent hereby accepts such appointment,
upon the following terms and conditions by all of which the Company and every
Warrant Holder, by acceptance of a Warrant, shall be bound:

    (a) Statements contained in this Agreement and in the Warrant Certificates
shall be taken as statements of the Company.  The Warrant Agent assumes
responsibility hereunder only for the correctness of any statement which
describes the Warrant Agent and/or for action taken or to be taken by the
Warrant Agent.

    (b) The Warrant Agent shall not be responsible for any failure of the
Company to comply with any of the Company's covenants contained in this
Agreement or in the Warrant Certificates.

    (c) The Warrant Agent may consult at any time with counsel satisfactory to
it (who may be counsel for the Company), and the Warrant Agent shall incur no
liability or responsibility to the Company or to any Warrant Holder in respect
of any action taken, suffered or omitted by it hereunder in good faith and in
accordance with the opinion or the advice of such counsel, provided the Warrant
Agent shall have exercised reasonable care in the selection and continued
employment of such counsel.

    (d) The Warrant Agent shall incur no liability or responsibility to the
Company or to any Warrant Holder for any action taken in reliance upon any
notice, resolution, waiver, consent, order, certificate or other paper, document
or instrument believed by it to be genuine and to have been signed, sent or
presented by the proper party or parties.

    (e) The Company agrees to pay to the Warrant Agent the amount(s) described
in Schedule A to this Agreement for the services rendered by the Warrant Agent.
The Company shall also reimburse the Warrant Agent for all expenses, taxes and
governmental charges and all other charges of any kind or nature incurred by the
Warrant Agent in the performance of this Agreement.

    (f) The Company shall indemnify the Warrant Agent and hold it harmless
against any and all liabilities, including judgments, costs and counsel fees,
incurred in connection with its performance of this Agreement, except as a
result of the Warrant Agent's negligence or bad faith.  In no case shall the
Warrant Agent be liable for special, indirect, incidental or consequential loss
or damage of any kind whatsoever, even if the Warrant Agent has been advised of
the likelihood of such loss or damage.

    (g) The Warrant Agent shall be under no obligation to institute any action,
suit or legal proceeding or to take any other action likely to involve expense
unless the Company or one or more Warrant Holders shall furnish the Warrant
Agent with reasonable security and indemnity for any costs and expenses which
may be incurred in connection with such action, suit or legal proceeding, but
this provision shall not affect the power of the Warrant Agent to take such
action as the Warrant Agent may, in its sole and absolute discretion, consider
proper, whether with or without any such security or indemnity.

    All rights of action under this Agreement or under any of the Warrants may
be enforced by the Warrant Agent without the possession of any of the Warrant
Certificates or the production thereof at any trial or other proceeding relative

                                       4

thereto, and any such action, suit or proceeding instituted by the Warrant Agent
shall be brought in its name as Warrant Agent, and any recovery of judgment
shall be for the ratable benefit of the Warrant Holders as their respective
rights or interests may appear, subject to the terms set forth in the Warrant
Certificates.

    (h) The Warrant Agent and any shareholder, director, officer or employee of
the Warrant Agent may buy, sell or deal in any of the Warrants or other
securities of the Company, or become pecuniarily interested in any transaction
in which the Company may be interested, or contract with or lend money to the
Company, or otherwise act as fully and freely as though it were not Warrant
Agent under this Agreement or a shareholder, director, officer or employee of
such Warrant Agent.  Nothing herein shall preclude the Warrant Agent from acting
in any other capacity for the Company or for any other legal entity.

  16. Successor Warrant Agent.  Any entity into which the Warrant Agent may be
merged or converted or with which it may be consolidated, or any entity
resulting from any merger, conversion or consolidation to which the Warrant
Agent shall be a party, or any entity succeeding to the trust business of the
Warrant Agent, shall be the successor to the Warrant Agent hereunder without the
execution or filing of any paper or any further act of a party or the parties
hereto.

  17. Change of Warrant Agent.  The Warrant Agent may resign from its duties
under this Agreement upon notice given in writing by the Warrant Agent or the
Company; the Warrant Agent may be discharged by the Company from its duties
under this Agreement upon notice given in writing by the Company to the Warrant
Agent; the foregoing notices shall, in either case, give the date when such
resignation or discharge shall take effect and shall be sent at least thirty
(30) days prior to the date so specified.  If the Warrant Agent shall resign, be
discharged or shall otherwise become incapable of acting, the Company shall
appoint a successor to the Warrant Agent.  If the Company shall fail to make
such appointment within a period of thirty (30) days after it has been notified
in writing of such resignation or incapacity by the resigning or incapacitated
Warrant Agent (or by any Warrant Holder) or after discharging the Warrant Agent,
then any Warrant Holder may apply to the Circuit Court for Ozaukee County,
Wisconsin, for the appointment of a successor to the Warrant Agent.  Pending
appointment of a successor to the Warrant Agent, either by the Company or by
such Court, the duties of the Warrant Agent shall be carried out by the Company.
Any successor Warrant Agent, whether appointed by the Company or by such Court,
shall be a bank or a trust company, in good standing, organized under the laws
of the State of Wisconsin or of the United States of America, having its
principal office in the United States. After appointment, the successor Warrant
Agent shall be vested with the same powers, rights, duties and responsibilities
as if it had been originally named as Warrant Agent, without further act or
deed, and the former Warrant Agent shall deliver and transfer to the successor
Warrant Agent any property at the time held by it thereunder, and execute and
deliver any further assurance, conveyance, act or deed necessary to effect the
delivery or transfer.  Failure to give any notice provided for herein, or any
defect therein, shall not affect the legality or validity of the resignation or
removal of the Warrant Agent or the appointment of the successor Warrant Agent,
as the case may be.

  18. Notices.  Any notice or demand authorized by this Agreement to be given or
made by the Warrant Agent or by any Warrant Holder to or on the Company shall be
sufficiently given or made if sent by mail, first class, certified or
registered, postage prepaid, addressed (until another address is filed in
writing by the Company with the Warrant Agent), as follows:

                                        Mentor Capital Consultants, Inc.
                                        4940 Pearl East Circle, Suite 104
                                        Boulder, Colorado 80301

Any notice or demand authorized hereby to be given or made by any Warrant Holder
or by the Company to or on the Warrant Agent shall be sufficiently given or made
if sent by mail, first class, certified or registered, postage prepaid,
addressed (until another address is filed in writing by the Warrant Agent with
the Company), as follows:

                                        Grafton State Bank
                                        101 Falls Road
                                        Grafton, Wisconsin 53024

                                       5

Any distribution, notice or demand required or authorized by this Agreement to
be given or made by the Company or the Warrant Agent to or on the Warrant
Holders shall be sufficiently given or made if sent by mail, first class,
certified or registered, postage prepaid, addressed to the Warrant Holders at
their last known addresses as such addresses shall appear on the registration
books for the Warrant Certificates maintained by the Warrant Agent.

  19. Supplements and Amendments.  The Company and the Warrant Agent may from
time to time supplement or amend this Agreement without the approval of any of
the Warrant Holders in order to cure any ambiguity, or to correct or supplement
any provision contained herein which may be defective or inconsistent with any
other provisions herein, or to make any other provisions in regard to matters or
questions arising hereunder which the Company and the Warrant Agent may deem
necessary or desirable.

  20. Successors.  All the covenants and provisions of this Agreement by or for
the benefit of the Company or the Warrant Agent shall bind and inure to the
benefit of their respective successors and assigns.

  21.  Termination.  This Agreement shall terminate at the close of business on
the date upon which the Warrant Exercise Period expires as to all Warrants (or
the business day next following such date) or such earlier date upon which all
of the Warrants have been exercised; provided, however, that if exercise of the
Warrants is suspended pursuant to Section 10 and such suspension continues
beyond the date upon which the Warrant Exercise Period expires as to all
Warrants, this Agreement shall terminate on the business day immediately
following the expiration of such suspension.  The provisions of Section 14 shall
survive such termination.

  22. Governing Law.  This Agreement and each Warrant Certificate issued
hereunder shall be deemed to be a contract made under the laws of the State of
Colorado and for all purposes shall be construed in accordance with the internal
laws of said state.

  23.  Benefits of Agreement.  Nothing in this Agreement shall be construed to
give to any person or entity other than the Company, the Warrant Agent and the
Warrant Holders, any legal or equitable right, remedy or claim hereunder, this
Agreement being expressly for the sole and exclusive benefit of the Company, the
Warrant Agent and the Warrant Holders.

  24. Counterparts.  This Agreement may be executed in any number of
counterparts, and each of such counterparts shall for all purposes be deemed to
be an original and all such counterparts shall together constitute but one and
the same instrument.

Dated:____________________________, 2001

                                             MENTOR CAPITAL CONSULTANTS, INC.

                                         By:_________________________________
                                            W. Michael Bissonnette, President

                                                   GRAFTON STATE BANK

                                         By:__________________________________
                                            Thomas J. Sheehan, President

                                       6

   =========================================================================

                               WARRANT AGREEMENT

                                   Schedule A

  This Schedule A to the Warrant Agreement, dated as of ___________, 2001,
by and between Grafton State Bank ("Warrant Agent") and Micro Enhancement
International, Inc. ("Company"), sets forth the compensation
arrangements referred to in Section 15(e) of such Agreement, as follows:

  In consideration of its services performed pursuant to the Warrant
Agreement, the Warrant Agent shall be entitled to receive fees from the Company,
as follows:

    Upon execution of this Agreement. . . . . . . . $ 750.00

    On of before January 1 of each
      year (or part thereof) during
      which this Agreement is in effect,
      commencing January 1, 1996. . . . . . . . . . $ 250.00

    For each Warrant exercise
      transaction (full or partial) . . . . . . . . $  25.00

  In addition to payment of the fees described in this Schedule, the Company
shall to reimburse the Warrant Agent for all reasonable expenses, taxes and
governmental charges and all other reasonable charges of any kind or nature
incurred by the Warrant Agent in its performance of the Warrant Agreement (as
provided in Section 6(f) of such Agreement).

  The initial fee payment hereunder ($750.00) shall be payable by the Company
upon the execution of the Warranty Agreement by the parties to such Agreement.
Thereafter, fees and reimbursements then due and payable to the Warrant Agent
shall be withdrawn by such Agent from funds held in the Collection Account on
the last day of each calendar month and upon termination of the Warrant
Agreement or, at the option of the Warrant Agent, paid directly by the Company
upon demand.

  All terms used herein shall have the same meanings ascribed to them in the
Warrant Agreement of which this Schedule is a part.

   =========================================================================

No._____________                                                       EXHIBIT A

                                     WARRANT
                             To Purchase Common Stock
                                       of
                         Mentor Capital Consultants, Inc.

  THIS CERTIFIES THAT, upon surrender of this Warrant at the office of the
Warrant Agent hereinafter named, in the Village of Grafton, County of Ozaukee,
State of Wisconsin, accompanied by payment as hereinafter provided, ____________
__________________________________________or assigns ("Holder") is entitled to
purchase at any time prior to the expiration of the Warrant Exercise Period (as
hereinafter defined), but not thereafter, ______________________________________
shares of common stock ("Common Stock"), of Mentor Capital Consultants, Inc., a
Delaware corporation ("Company"), as such Common Stock shall be constituted at
the time of purchase, which shares have been duly authorized and set aside for
issuance and will, upon such issuance, be fully paid and nonassessable, at the
price of Four Dollars ($4.00) per share, subject to the terms and provisions set
forth herein and in an agreement by and between the Company and Grafton State
Bank, Grafton, Wisconsin "Warrant Agent"), and not otherwise.

  This Warrant shall be exercisable in whole at any time or in part from time to
time (provided that not less than One Hundred (100) shares of Common Stock, or
any integral multiple of such amount, shall be purchased upon any such partial
exercise hereof), for a period of eighteen (18) months, commencing six (6)
months following the initial effective date of the registration statement of the
Company, relating to the Warrants, under the Securities Act of 1933, as amended
("Securities Act"), provided that the Common Stock issuable upon the exercise of
this Warrant is, at the time of exercise, registered or otherwise qualified for
sale under the Securities Act and the securities or "blue sky" laws of the
jurisdiction in which the exercise of this Warrant is proposed to be effected
("Warrant Exercise Period").  Upon the expiration of the Warrant Exercise
Period, this Warrant will expire and become void and of no value.  No fractional
shares will be issued upon the exercise hereof.

  This Warrant shall be registered at the office of the Warrant Agent and is
transferable only at said office by the registered Holder hereof or his duly
authorized attorney upon surrender of this certificate, properly endorsed.

  Upon any adjustment of the number of shares of Common Stock which may be
purchased upon the exercise of this Warrant and/or the purchase price per share,
then in each such case the Company shall give written notice thereof, as
hereinbelow provided, which notice shall state the purchase price per share
resulting from such adjustment and the increase or decrease, if any, in the
number of shares of Common Stock purchasable at such price upon the exercise of
this Warrant, setting forth in reasonable detail the method of calculation and
the facts upon which such calculation is based.

THIS WARRANT MAY NOT BE TRANSFERRED OR EXERCISED UNLESS SAID WARRANT AND THE
SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE THEREOF ARE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, OR
ARE EXEMPT FROM SUCH REGISTRATION, OR SUCH TRANSFER OR EXERCISE (AND THE
ISSUANCE OF COMMON STOCK PURSUANT TO SUCH EXERCISE) IS EXEMPT FROM REGISTRATION
UNDER SUCH ACT AND SUCH LAWS.  THE COMPANY WILL USE ITS BEST EFFORTS TO SO
REGISTER OR QUALIFY THIS WARRANT, AND THE COMMON STOCK ISSUABLE UPON THE
EXERCISE HEREOF, AND/OR TO SO REGISTER OR QUALIFY THE TRANSACTIONS PURSUANT TO
WHICH SUCH SECURITIES ARE ISSUED OR TRANSFERRED, UNDER THE SECURITIES ACT OF
1933, AS AMENDED, AND THE SECURITIES LAWS OF THE JURISDICTIONS IN WHICH WARRANTS
ARE SOLD; THE COMPANY MAY, IN ITS SOLE DISCRETION, ATTEMPT TO SO REGISTER OR
QUALIFY SUCH SECURITIES IN JURISDICTIONS OTHER THAN THOSE IN WHICH WARRANTS ARE
SOLD.

                                       A-1

  The Holder of this Warrant shall not by virtue thereof have any rights of a
shareholder of the Company or to notice of meetings of shareholders or of any
other proceedings of the Company.

  This Warrant is divisible on surrender, in which case a new Warrant or
Warrants will be issued.

  Commencing six (6) months following the initial effective date of the
registration statement of the Company, relating to the Warrants, under the
Securities Act, and at any time thereafter until and including, but not after,
the expiration of the Warrant Exercise Period, the Company may, at its option,
redeem all of the Warrants at any time or some of them from time to time, upon
payment of One Cent ($0.01) per Warrant to the Holder, provided that the closing
bid or sale price of the Common Stock, as quoted on the NASD OTC Bulletin Board,
or other national securities exchange, equals or exceeds Five Dollars ($5.00)
per share for twenty (20) consecutive trading days ending within fifteen (15)
days of the date upon which notice of redemption is given as provided herein.
In case less than all of the Warrants at the time outstanding are to be
redeemed, the Warrants to be redeemed shall be selected by the Company by lot.
Notices of such optional redemption will be mailed at least fifteen (15) days
prior to the redemption date to each holder of Warrants to be redeemed at the
registered address of such Holder.  Each Holder of this Warrant, by accepting
the same, agrees upon any such notice of redemption to receive payment for this
Warrant upon the date fixed for redemption in the amount herein provided.

  If prior to the expiration of this Warrant, by exercise hereof or by its
terms:

    (a) The Company shall be recapitalized through the subdivision of its
outstanding shares of Common Stock into a greater number of shares, or shall by
exchange or substitution of or for its outstanding Common Stock or otherwise,
reduce the number of such shares, then in each such case the number of shares
deliverable upon the exercise of this Warrant shall be changed in proportion to
such increase or decrease of the outstanding shares of such Common Stock of the
Company, without any change in the aggregate payment by the Warrant Holder from
the aggregate payment specified on the face of this Warrant.

    (b) A dividend shall be declared or paid at any time on the Common Stock of
the Company in its Common Stock or in securities convertible into Common Stock
of the Company, then in each such case the number of shares deliverable upon the
exercise thereafter of this Warrant shall, without requiring any payment by the
Warrant Holder in addition to the payment specified on the face hereof, be
increased in proportion to the increase, through such dividend, in the number of
outstanding shares of Common Stock of the Company.  In the computation of the
increased number of shares deliverable upon the exercise of this Warrant, any
dividend paid or distributed upon the Common Stock in securities convertible
into Common Stock shall be treated as a dividend paid in Common Stock to the
extent that shares of Common Stock are issuable upon the conversion thereof.
The obligations of the Company and the rights of the Holder hereof shall not be
affected by the exercise of any conversion privileges heretofore granted to the
holders of any of the stock or securities of the Company or of any other
corporation.

    (c) The Company shall, at any time while any of the Warrants are
outstanding, declare a dividend on its Common Stock, other than as provided in
the preceding paragraph (b), then in each such case the Company shall give
notice in writing to the registered Holder of this Warrant, and such dividends
so declared shall be made payable only to the shareholders of record on a date
at least ten (10) days subsequent to the date of such notice, including stock
issued pursuant to the exercise of such Warrants prior to such record date.

    (d) The Company shall be recapitalized by reclassifying its outstanding
Common Stock into stock without par value, or the Company or a successor
corporation shall consolidate or merge with, or convey all, or substantially
all, of its or any successor corporation's property or assets to, any other
corporation or corporations (any such corporation being included within the
meaning of "successor corporation" as hereinbefore used in the event of any
consolidation or merger of such corporation with, or the sale of all, or
substantially all, of the property or assets of such corporation to another
corporation or corporations) then in each such case, as a condition of such
recapitalization, consolidation, merger or conveyance, lawful and adequate
provision shall be made whereby the Holder of each Warrant shall thereafter have
the right to purchase, upon the basis and upon the terms and conditions
specified in this Warrant, in lieu of the shares of Common Stock of the Company
theretofore purchasable upon the exercise of this Warrant, such shares of stock,
securities or other assets as may be issued or payable with respect to, or in
exchange for, the number of shares of Common Stock of the Company theretofore
purchasable upon the exercise of this Warrant had such recapitalization,
consolidation, merger or conveyance not taken place; and in any such event the
rights of the Warrant Holder to an adjustment of the number of shares of Common
Stock purchasable upon the

                                       A-2

exercise of this Warrant as hereinbefore provided shall continue and be
preserved in respect of any stock which the Warrant Holder becomes entitled to
purchase.  It shall be a condition of such consolidation, merger or conveyance
that each successor corporation shall assume, in manner and form satisfactory to
the Warrant Agent, the obligation to deliver to the Warrant Holder, upon the
exercise of this Warrant, such shares of stock, securities or assets as, in
accordance with the provisions of this Warrant, shall have been provided for
such purpose.  The Warrant Agent shall assume no liability for its exercise of
discretion hereunder, other than for wilful wrongdoing.

  This Warrant shall be deemed to have been exercised, and the Holder exercising
the same to have become a shareholder of record of the Company, for the purpose
of receiving dividends and for all other purposes whatsoever as of the date the
Holder surrendered this Warrant accompanied by payment in cash, as herein
provided.  The Company agrees that, while this Warrant shall remain valid and
outstanding, its stock transfer books shall not be closed for any purpose
whatsoever, except under arrangements which shall insure to Holders exercising
Warrants or applying for transfer of stock within five (5) days after the books
shall have been reopened all rights and privileges which they might have had or
received if the transfer books had not been closed and they had exercised their
Warrants at any time during which such transfer books shall have been closed.

  Upon each increase or decrease in the number of shares of Common Stock of the
Company deliverable upon the exercise of this Warrant, or in the event of
changes in the rights of the Warrant Holders by reason of other events
hereinbefore set forth, then in each such case the Company shall forthwith file
with the Warrant Agent a certificate executed by its President or one of its
Vice Presidents, and attested by its Secretary or one of its Assistant
Secretaries, stating the increased or decreased number of shares so deliverable
and setting forth in reasonable detail the method of calculation and the facts
upon which such calculation is based.

  The Company covenants, at all times when Warrants are outstanding and in
effect, to reserve, unissued, such number of shares of Common Stock as it may be
required to deliver pursuant to the exercise of this Warrant, subject to
consolidation, merger or sale, as hereinabove set forth.

  As used herein, the terms "Holder" "Warrant Holder" and "Holder of this
Warrant" shall be construed to mean the registered holder hereof, and, in the
case of any notice required by this Warrant to be given to the Warrant Holder,
it shall be sufficient if mailed to the last known address of such Holder as the
same appears on the books of the Company.

  IN WITNESS WHEREOF, MENTOR CAPITAL CONSULTANTS, INC. has caused this Warrant
to be signed in its corporate name by its President or a Vice President,
manually or in facsimile, and its corporate seal or a facsimile to be imprinted
hereon and attested by the manual or facsimile signature of its Secretary or an
Assistant Secretary, as of the day and year first above written.

                                              MENTOR CAPITAL CONSULTANTS, INC.

Attest:

___________________________________     By: ___________________________________
             Secretary                                   President

[CORPORATE SEAL]

                                       A-3

                                 SUBSCRIPTION FORM

                       (To be Executed Upon Exercise of Warrant)

  The undersigned, the Holder(s) or assignee(s) of such Holder(s) of the within
Warrant, hereby (i) subscribes for shares of Common Stock which the undersigned
is entitled to purchase under the terms of the within Warrant and (ii) tenders
herewith the full exercise price of all shares subscribed for.

Dated:_______________________________

Number of Shares Subscribed For:

_____________________________________      ___________________________________
                                                                   (Signature)

                                           ___________________________________
                                                                   (Signature)

                                   ASSIGNMENT

                  (To Be Executed By the Registered Holder to Effect
                        a Transfer of the Within Warrant)

  FOR VALUE RECEIVED, the undersigned Warrant Holder(s) do(es) hereby sell,
assign and transfer unto _______________________________________________________
______________________ the right to purchase common stock evidenced by this
Warrant, and does hereby irrevocably constitute and appoint ____________________
_________________________________________________________ to transfer the said
right on the books of the Company, with full power of substitution.

Dated:_____________________________

                                             _________________________________
                                                      (Signature)

                                             _________________________________
                                                      (Signature)

                                       A-4

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