LEASE AGREEMENT

                                     BETWEEN

                 THE REGISTRANT AND FOUR PEARL PARTNERSHIP, LTD., LLLP





                                 LEASE AGREEMENT

                           OFFICE AND INDUSTRIAL SPACE



This Lease Agreement is made and entered into as of the 10 day of May, 2001, by

and between Four Pearl Partnership, Ltd., LLLP ("Landlord"), whose address is

4875 Pearl East Cr. #300, Boulder, CO 80301, and Mentor Capital Consultants,

Inc. ("Tenant"), whose address is 4940 Pearl East Cr. #104, Boulder CO 80301.



In consideration of the covenants, terms, conditions, agreements and payments as

herein set forth, the Landlord and Tenant hereby enter into the following Lease:



1.  Definitions.  Whenever the following words or phrases are used in this

Lease, said words or phrases shall have the following meaning:

    a. "Area" shall mean the parcel of land commonly known and referred to as

4940 Pearl East Cr., Boulder, Colorado.  The Area includes the Leased Premises

and one or more buildings.  The Area may include Common Areas.

    b. "Building" shall mean a building located in the Area.

    c. "Common Areas" shall mean all entrances, exits, driveways, curbs,

walkways, hallways, parking areas, landscaped areas, restrooms, loading and

service areas, and like areas or facilities which are located in the Area and

which are designated by the Landlord as areas or facilities available for the

nonexclusive use in common by persons designated by the Landlord.

    d. "Leased Premises" shall mean the premises herein leased to the Tenant by

the Landlord.

    e. "Rentable Area" shall mean:

        i.  For a Single Tenant Floor.  With respect to a single tenant floor,

Rentable Area will mean the sum of (i) the floor area (in square feet) excluding

standard openings in the floor slab used, for example, for Building stairs,

elevator and other shafts and vertical ducts (collectively, the "Excluded

Spaces"), and (ii) an allocation of the floor area of Common Areas located in or

serving the Building.

        ii.  For a Multiple Tenant Floor.  With respect to a multiple tenant

floor, Rentable Area will mean the sum of (i) the floor area (in square feet)

less any Excluded Spaces located within the Rentable Area, and (ii) an

allocation of the floor area of the Common Areas and Services Areas on such

floor, and (iii) an allocation of the floor area of Common Areas located in or

serving the Building.

        iii. Columns and Non-Standard Openings.  No deductions will be made in

either Paragraph 1.e. (i) or Paragraph 1.e.(ii) for (i) columns and projections

necessary to the structural support of the Building or (ii) for openings in the

floor slab which were made at the request of Tenant or to accommodate items

installed at the request of Tenant.

        iv.  Tenant's Rentable Area may change from time to time as the total

rentable area in the Building is increased or decreased.

    f. "Tenant's Prorata Share" as to the Building in which the Leased Premises

are located shall mean an amount (expressed as a percentage) equal to the

rentable area included in the Leased Premises divided by the total rentable area

included in said Building.  The Tenant's Prorata Share as to Common Areas shall

mean an amount (expressed as a percentage) equal to the rentable area included

in the Leased Premises divided by the total rentable area included in all

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