Atomic Paintball, Inc. (fka ATOC)

[flemsnopes]

Enter; David Cutler

In October 2005, our two founding shareholders and our existing director and officers, Barbara J. Smith and Alton K. Smith ("the Smiths"), entered into a mutual release agreement with us and our shareholders. Under the terms of the
agreement, the Smiths appointed Mark A. Armstrong as a new director, transferred 320,000 of their shares of common stock to Mr. Armstrong, and then submitted their resignations as a director and officers. In return for their resignations
and their transfer of shares to Mr. Armstrong, the Company and its shareholders irrevocably released the Smiths from any and all actions, complaints and liabilities that may have been outstanding against the Smiths.

In August 2006, Mr. Armstrong appointed David J. Cutler as a new director and subsequently resigned from the Board of Directors. Mr. Cutler then undertook to use his best efforts to accelerate the implementation of our business plan, settle our outstanding liabilities, bring our financial statements up to date, seek a listing for us on the OTC Bulletin Board, raise new equity and recruit a senior management team that would fully implement our proposed business plan. If we were to be unable to raise sufficient funds to grow our business organically but were able to obtain a listing on the OTC Bulletin Board the intention was to build our business through the purchase of paintball businesses and assets in return for the issue
of shares of our common stock. There could be no assurance that this sequence of events could be successfully completed. In return for accepting his appointment with us, Mr. Cutler was issued 2,530,376 shares of our common stock, making him the Company's controlling shareholder.