Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 43

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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C Defense, Inc./BLIS by the CEO
for release of the consideration to be made for the purchase of such rights. The board concluded that the addition of this business direction
was in the best interest of the Company, regardless of the specific acquisition transaction closing. Pursuant to the March 26, 2024 agreement
such acquisition of rights was made for 95,000,000 shares of common stock to be distributed upon approval by NAPC Defense, Inc../BLIS
to enumerated parties at such time being May 1, 2024 or after. Such shares were not to be distributed to Native American upon release,
so there was no change in control to Native American. There was an acquisition of such rights, intellectual property, sales leads, letters
of intent, contract rights and leads, and other matters set forth in such agreement to gain the rights from Native American Pride and
change the Company’s name to its new defense line of work to NAPC Defense, Inc. but still maintain the treasure business on a more
limited basis.

Such
shares were subject to release by the Company upon approval of the business lines, by the then current but now former CEO and Director.
Such shares did not cause a change in ownership control by any majority shareholder and have been under the rights as set forth in the
acquisition agreement.

NAPC
Defense, Inc. was able to secure the rights to the following items as part of the deal:

    ●
    CornerShot
    rights for sale, domestically and through Saudi Arabia as existing with Silver Shadow of Israel, including the LOI for the CornerShot
    sale for Saudi Arabia from the Ministry of Defense, which is expected, for an expected order and contract for some 37,000 units of
    the CornerShot firearms and tactical units to Saudi Arabia as held by Native American Pride for the Silver Shadow of Israel, amount
    owed for Saudi Arabian payment potential under a contract if transacted. Such rights include the ability to contract and utilize
    the ATF licenses held for production and sale of firearms and accessories related to such technology under contract with NAPC Defense,
    Inc./BLIS, and existing approvals from the Department of State for foreign arms transactions, an existing or expected approval for
    firearms under approval from the Saudi Government. As well this includes the existing relationship with the Saudi Ministry of Defense
    for interest in the CornerShot purchase, including the relationship and visits expected for closing of such contract. Rights to the