Document:

Exhibit 10.5 - Mining Claim

Exhibit 10.5

	

PROVINCE OF BRITISH COLUMBIA
	

Ministry of Mines, Energy and Minerals

	

 
	

Division-Mineral Titles Branch

RECORD OF 2 POST CLAIM - MINERAL TENURE ACT

	

 
	

GREENWOOD
	

 
	

407540

	

 
	

Mining Division
	

 
	

Tenure No.

	

 
	

/s/ BD Henry
	

 
	

January 8, 2004

	

 
	

Gold Commissioner
	

 
	

Date of Record

APPLICATION TO RECORD A 2 POST CLAIM

I, Gerald Gallissant, Name of Locator, 783 MacCleave Ave, Penticton, British Columbia, V2A 3C4, (250) 492-2959, Client Number 109141, Agent for Sergei Stetsenko, 704 - 1155 Beach Street, Vancouver, British Columbia, V6E 1V2, (604) 605-0885, Client Number 136729, hereby apply for a record of a 2 post claim for the location as outlined on the attached copy of mineral titles reference map No. 82E 025, in the Greenwood Mining Division.

ACCESS

Describe how you gained access to the location; include references to roads, trails, topographic features, permanent landmarks and a description of the legal post location.

The IP is located 2300m west of the confluence of the Kelly and West Kettle Rivers. Access was gained by driving up Kelly River Road for approximately 5km.

GPS Co-ordinates taken of posts: Yes [ ] No [x] If yes, complete information chart on reverse.

TAG INFORMATION

I have securely affixed the portion of the metal identification tag embossed "INITIAL POST (No. 1)" to the post and impressed this information on the tag: 

 

TAG NO.  723611 M INITIAL POST (No. 1)

	

CLAIM NAME
	

COLBY 5

	

LOCATOR
	

Gerald Gallissant

	

AGENT FOR
	

Sergei Stetsenko

	

DATE COMMENCED
	

January 8, 2004

	

TIME COMMENCED
	

2:35 pm

	

DIR. TO F.P.
	

270 degrees

	

METERS TO RIGHT
	

0 meters

	

METERS TO LEFT
	

500 meters

"Direction" means a bearing measured between 0 degrees and 360 degrees, where 0 degrees is the bearing of true north.

I have securely affixed the portion of the metal identification tag embossed "FINAL POST (No. 2)" to the final post (or the witness post) and impressed this information on the tag:

TAG NO.  723611 M FINAL POST (No. 2)

	

CLAIM NAME
	

COLBY 5

	

LOCATOR
	

Gerald Gallissant

	

AGENT FOR
	

Sergei Stetsenko

	

DIST. FROM I.P.
	

500 meters

	

DATE COMPLETED
	

January 8, 2004

	

TIME COMPLETED
	

3:14 pm

If witness post placed for final post: Bearing and distance from the witness post to the true position of the final post, exactly as written on the witness post:_______ degrees, _______ meters.

ACKNOWLEDGMENTS

I have complied with all the terms and conditions of the Mineral Tenure Act and Regulation pertaining to the location of 2 post claims and have attached a plan of the location on which the positions of the initial and final posts (and witness post if applicable) are indicated. The tag information supplied above is the identical information that I impressed upon the respective tags affixed to the applicable post when located this claim, and this information is true and correct. 

	

/s/ Gerald Gallissant
	

[FILE STAMP]

	

Signature of LocatorExhibit 10.6 - Mining Claim

Exhibit 10.6

	

PROVINCE OF BRITISH COLUMBIA
	

Ministry of Mines, Energy and Minerals

	

 
	

Division-Mineral Titles Branch

RECORD OF 2 POST CLAIM - MINERAL TENURE ACT

	

 
	

GREENWOOD
	

 
	

407541

	

 
	

Mining Division
	

 
	

Tenure No.

	

 
	

/s/ BD Henry
	

 
	

January 8, 2004

	

 
	

Gold Commissioner
	

 
	

Date of Record

APPLICATION TO RECORD A 2 POST CLAIM

I, Gerald Gallissant, Name of Locator, 783 MacCleave Ave, Penticton, British Columbia, V2A 3C4, (250) 492-2959, Client Number 109141, Agent for Sergei Stetsenko, 704 - 1155 Beach Street, Vancouver, British Columbia, V6E 1V2, (604) 605-0885, Client Number 136729, hereby apply for a record of a 2 post claim for the location as outlined on the attached copy of mineral titles reference map No. 82E 025, in the Greenwood Mining Division.

ACCESS

Describe how you gained access to the location; include references to roads, trails, topographic features, permanent landmarks and a description of the legal post location.

The IP is located 2300m west of the confluence of the Kelly and West Kettle Rivers. Access was gained by driving up Kelly River Road for approximately 5km.

GPS Co-ordinates taken of posts: Yes [ ] No [x] If yes, complete information chart on reverse.

TAG INFORMATION

I have securely affixed the portion of the metal identification tag embossed "INITIAL POST (No. 1)" to the post and impressed this information on the tag: 

 

TAG NO.  723612 M INITIAL POST (No. 1)

	

CLAIM NAME
	

COLBY 6

	

LOCATOR
	

Gerald Gallissant

	

AGENT FOR
	

Sergei Stetsenko

	

DATE COMMENCED
	

January 8, 2004

	

TIME COMMENCED
	

2:36 pm

	

DIR. TO F.P.
	

270 degrees

	

METERS TO RIGHT
	

500 meters

	

METERS TO LEFT
	

0 meters

"Direction" means a bearing measured between 0 degrees and 360 degrees, where 0 degrees is the bearing of true north.

I have securely affixed the portion of the metal identification tag embossed "FINAL POST (No. 2)" to the final post (or the witness post) and impressed this information on the tag:

TAG NO.  723612 M FINAL POST (No. 2)

	

CLAIM NAME
	

COLBY 6

	

LOCATOR
	

Gerald Gallissant

	

AGENT FOR
	

Sergei Stetsenko

	

DIST. FROM I.P.
	

500 meters

	

DATE COMPLETED
	

January 8, 2004

	

TIME COMPLETED
	

3:15 pm

If witness post placed for final post: Bearing and distance from the witness post to the true position of the final post, exactly as written on the witness post:_______ degrees, _______ meters.

ACKNOWLEDGMENTS

I have complied with all the terms and conditions of the Mineral Tenure Act and Regulation pertaining to the location of 2 post claims and have attached a plan of the location on which the positions of the initial and final posts (and witness post if applicable) are indicated. The tag information supplied above is the identical information that I impressed upon the respective tags affixed to the applicable post when located this claim, and this information is true and correct. 

	

/s/ Gerald Gallissant
	

[FILE STAMP]

	

Signature of LocatorExhibit 10.7 - Declaration of Trust

Exhibit 10.7

DECLARATION OF TRUST

This declaration of trust is made by Sergei Stetsenko (the "Trustee") in favour of Peloton Resources Inc. (the "Beneficiary").  The Trustee solemnly declares that he holds a 100% interest in the Colby #1 - #6 mineral claims, Tenure Numbers 723601 - 723606 inclusive (the "Property") located in the Greenwood Mining Division, British Columbia, Canada, in trust solely for the benefit fo the beneficiary.

The Trustee further promises the Beneficiary not to deal with the property in any way, except to transfer the Property to the Beneficiary, without written instructions, direction and consent of the Beneficiary.

Given at Vancouver, British Columbia, Canada on the 19th day of January, 2004.

	
SIGNED SEALED AND DELIVERED by
	
)
	
 

	
SERGEI STETSENKO in the presence of
	
)
	
 

	
 
	
)
	
 

	
/s/ Maryna Bilynska
	
)
	
/s/ Sergei Stetsenko

	
SIGNATURE OF WITNESS
	
)
	
SERGEI STETSENKO

	
 
	
)
	
 

	
/s/ Maryna Bilynska
	
)
	
 

	
NAME OF WITNESS
	
)
	
 

	
 
	
)
	
 

	
1160 - 1040 West Georgia Street
	
)
	
 

	
ADDRESS OF WITNESS
	
)Exhibit 4.1
                                                               CUSIP
                             ATOMIC PAINTBALL, INC.

                INCORPORATED UNDER THE LAWS OF THE STATE OF TEXAS

                                                               SEE REVERSE FOR
                                  COMMON STOCK               CERTAIN DEFINITIONS

                                                                   SHARES
                                    SPECIMAN

This
certifies
that

is the owner of

   FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, NO PAR VALUE, OF
                             ATOMIC PAINTBALL, INC.

(hereinafter  called  the  "Corporation"),  transferable  on  the  books  of the
Corporation by the holder hereof in person or by duly authorized attorney,  upon
surrender of the Certificate properly endorsed.  This certificate and the shares
represented hereby are issued and shall be held subject to all the provisions of
the Certificate of Incorporation  and the Bylaws of the Corporation,  as amended
(copies of which are on file at the  office of the  Transfer  Agent),  to all of
which  the  holder  of this  Certificate  by  acceptance  hereof  assents.  This
Certificate  is not valid unless  countersigned  and  registered by the Transfer
Agent and  Registrar.  Witness  the  facsmile  seal of the  Corporation  and the
facsimile signatures of its duly authorized officers.

DATE:

                            [CORPORATE SEAL OMITTED]

                               Countersigned:
PRESIDENT                                    SECURITIES TRANSFER CORPORATION
                                             P.O. Box 701629
                                             Dallas, TX 75370
                                          By:

SECRETARY                                    ___________________________________
                                             TRANSFER AGENT-AUTHORIZED SIGNATUREExhibit 4.2

                                Promissory Note

In the amount of: $10,900.00                                  Date: July 1, 2003

Whereas,  the company  from time to time has needed  cash for  ongoing  business
expenses,

Whereas,  Barbara J. Smith has from time to time loaned  amounts of money,  that
totals $10,900.00, the company money to fund those expenses,

Whereas,  the company and Barbara J. Smith,  has agreed that these  transactions
should be memorialized,

Therefore,  for value received,  the  undersigned  Atomic  Paintball,  Inc., the
"Promisor" as  principal,  hereby agrees to pay to Barbara J. Smith the "Payee",
at 219 Josey  Lane,  Red Oak,  Texas  75154,  (or at such place as the Payee may
designate in writing) the sum of $10,900.00.

The unpaid  principal and accrued  interest at 6.5%, shall be payable in full on
July 15, 2004(the due date).  All payments on this  assignment  shall be applied
first in payment of accrued  interest and any remainder in payment of principal.
In lieu of said  payment of principal  and  interest  Payee may elect to receive
43,600  shares of Rule 144 common  stock in Atomic  Paintball,  Inc. @ $0.25 per
share.  The  conversion  will be done  pursuant  to a note  conversion  document
attached as "Exhibit A"

The Payee, in the case of default, may proceed directly against Promisors.

If  any  one  or  more  provisions  of  this  agreement  are  determined  to  be
unenforceable,  in whole or in part,  for any reason,  the remaining  provisions
shall remain fully operative.

All payments of principal  and interest on this  agreement  shall be paid in the
legal currency of the United States.  Promisors  wave  presentment  for payment,
protest, and notice of protest and nonpayment of the agreement.

No renewal or extension of this agreement,  delays in enforcing any right of the
Payee under this agreement or assignment by the Payees under this document shall
affect the  liability  of the  Promisor.  All  rights of the  Payees  under this
agreement are cumulative and may be exercised  concurrently or  consecutively at
the Payees' option.  This  assignment  shall be construed in accordance with the
laws of the State of Texas.

Signed this 1st day of July, 2003.

By: /s/ Barbara J. Smith                    By: /s/ Alton K. Smith
Barbara J. Smith                            Alton K. Smith
President, Atomic Paintball, Inc.           Secretary, Atomic Paintball, Inc.

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