Company: BLIS
Filing Date: 2025-03-10
Form Type: 10-Q/A
Source: 0001199835-25-000067
Chunk: 25

Company: NAPC Defense, Inc.
Filing Date: 2025-03-10
Form: 10-Q/A
Chunk 25
---
                                             |

| - | A                                                                                                                                     
 convertible note with a face value of $15,000, an annual rate of interest of 10% that is convertible into shares at $0.02 and that is 
 due on December 18, 2025;                                                                                                             |

| - | A                                                                                                                                    
 convertible note with a face value of $5,000, an annual rate of interest of 10% that is convertible into shares at $0.02 and that is 
 due on December 18, 2025;                                                                                                            |

| - | A                                                                                                                                      
 convertible note with a face value of $250,000, an annual rate of interest of 10% that is convertible into shares at $0.02 and that is 
 due on December 19, 2025;                                                                                                              |

| - | A                                                                                                                                    
 convertible note with a face value of $5,000, an annual rate of interest of 10% that is convertible into shares at $0.02 and that is 
 due on January 15, 2025;                                                                                                             |

| - | A convertible note with a face value of $5,000, an annual rate                                   
 of interest of 10% that is convertible into shares at $0.02 and that is due on January 29, 2026; |

| - | A                                                                                                                           
 loan in the amount of $10,000 with the Company’s CEO. The loan has an annual interest rate of 10% and is due on demand; and |

| - | A                                                                                                                          
 loan in the amount of $16,000 with an individual lender. The loan has an annual interest rate of 10% and is due on demand. |

<div align='center'>18</div>

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-looking statements

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We