Company: BLIS
Filing Date: 2025-09-11
Form Type: 10-K
Source: 0001199835-25-000302
Chunk: 29

Company: NAPC Defense, Inc.
Filing Date: 2025-09-11
Form: 10-K
Item: Item 8
Chunk 29
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 and accrued
interest of $12,681 for a convertible promissory note dated 04/26/21. The transaction completely settled the loan, the balance of
the note at April 30, 2025 is $0.

Year
Ended April 30, 2024

During the year ended April 30, 2024, the Companyissued 10,083,007 shares of its restricted common stock valued at $173,653 to settle the principal
balance of $112,975 and accrued interest of $12,681 for a convertible promissory note dated 05/07/21. The transaction completely
settled the loan, the balance of the note at April 30, 2024 was $0.

Convertible
Notes Payable

The
following table reflects the convertible notes payable as of April 30, 2025 and April 30, 2024:

  Issue                          Maturity            April                     Rate      Conversion  
  Date                           Date             30, 2025                                    Price  
                                                 Principal                                           
                                                   Balance                                           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
  Convertible                                                                                        
  04/26/2021                     04/26/2023             $-      112,975      15.00%          $0.028  
  05/05/2021                     05/05/2022              -      150,000      10.00%           0.100  
  05/19/2021                     02/19/2023        180,000      150,000      10.00%           0.010  
  12/06/2021                     02/06/2023         60,060      70,666       15.00%           0.010  
  08/01/2023                     03/27/2024         50,000      -            10.00%           0.010  
  06/16/2024                     06/16/2025        150,000      -            10.00%           0.028  
  07/03/2024                     07/03/2025         75,000      -            10.00%           0.028  
  08/12/2024                     08/12/2025         30