Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 20

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 of the Company’s common stock at $0.02.

On
December 18, 2024 the Company entered into a convertible promissory note with a face value of $5,000, an annual rate of interest of 10%
that is convertible into shares of common stock at $0.02, and that is due on December 18, 2025. The company received proceeds of $4,500
resulting in an original issue discount of $500. The Company also issued stock warrants, valued at $4,297, to the note holder to purchase 500,000 shares
of the Company’s common stock at $0.02.

On
December 20, 2024 the Company entered into a convertible promissory note with a face value of $250,000, an annual rate of interest of
10% that is convertible into shares of common stock at $0.02, and that is due on December 19, 2025. The company received proceeds of
$225,000 resulting in an original issue discount of $25,000. The Company also issued stock warrants, valued at 237,367, to the note holder to purchase 25,000,000
shares of the Company’s common stock at $0.02.

On
January 16, 2025 the Company entered into a convertible promissory note with a face value of $5,000, an annual rate of interest of 10%
that is convertible into shares of common stock at $0.02, and that is due on January 15, 2026. The company received proceeds of $4,500
resulting in an original issue discount of $500. The Company also issued stock warrants, valued at $8,346, to the note holder to purchase 500,000 shares
of the Company’s common stock at $0.02.

On
January 30, 2025 the Company entered into a convertible promissory note with a face value of $5,000, an annual rate of interest of 10%
that is convertible into shares of common stock at $0.02, and that is due on January 29, 2026. The company received proceeds of $4,500
resulting in an original issue discount of $500. The Company also issued stock warrants, valued at $6,597, to the note holder to purchase 500,000 shares
of the Company’s common stock at $0.02.

Convertible