Company: BLIS
Filing Date: 2025-09-19
Form Type: 10-K/A
Source: 0001199835-25-000330
Chunk: 46

Company: NAPC Defense, Inc.
Filing Date: 2025-09-19
Form: 10-K/A
Chunk 46
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<div align='center'>F-22</div>

NOTE 12 – SUBSEQUENT EVENTS

Subsequent to April 30, 2025 the Company issued the following shares of restricted common stock and warrants as follows:

| - | 21,125,000                                                                                 
 shares for loan origination fees (500,000 of these shares were included in to be issued as 
 of April 30, 2025);                                                                        |

| - | 4,535,714                                                              
 shares for the exercise of warrants for aggregate proceeds of $45,357; |

| - | 8,968,041                                                                                   
 shares for the conversion of $89,682 of the aggregate amount of principal, accrued interest 
 and fees of a convertible promissory note;                                                  |

| - | 1,377,778                                                            
 shares issued under subscription agreements for proceeds of $13,778. |

| - | 20,910,714                                                                     
 warrants issued for convertible promissory notes and a subscription agreement. |

Subsequent to April 30, 2025 the Company entered into the following convertible note agreements and loans:

| - | A convertible note dated May 2, 2025 with a face value                                                                                      
 of $27,500, an original issue discount of $2,500, proceeds to the Company of $25,000, an annual rate of interest of 10% that is convertible 
 into shares at $0.02 and that is due on August 2, 2025;                                                                                     |

| - | A convertible note dated May 2, 2025 with a face value                                                                                      
 of $27,500, an original issue discount of $2,500, proceeds to the Company of $25,000, an annual rate of interest of 10% that is convertible 
 into shares at $0.02 and that is due on August 2, 2025;                                                                                     |

| - | A convertible note dated May 19, 2025 with a face                                                                                 
 value of $5,000, an original issue discount of $500, proceeds to the Company of $4,500, an annual rate of interest of 10% that is 
 convertible into shares at $0.02 and that is due on May 20, 2026;                                                                 |

| - | A loan dated June 23, 2025 in the amount of $18,800                                                              
 with a related party who is the Company’s CEO. The loan has an annual interest