Company: BLIS
Filing Date: 2025-09-11
Form Type: 10-K
Source: 0001199835-25-000302
Chunk: 21

Company: NAPC Defense, Inc.
Filing Date: 2025-09-11
Form: 10-K
Item: Item 8
Chunk 21
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 principal balance. During the year
ended April 30, 2025 the Company repaid $59,689 of principal to NAPC, LLC. The balances owed on the note were $4,102 and $63,791 at April
30, 2025 and April 30, 2024, respectively.

Related
Party Short Term Loans

On November 19, 2024 a shareholder provided a loan
to NAPC Defense, Inc., in the amount of $16,000. The loan was unsecured, bears interest at 10.0% per annum and was due on demand. The
Company repaid the loan and the balance due to the shareholder was $0 as of April, 30, 2025.

On
December 16, 2024 an officer of the Company provided a loan to NAPC Defense, Inc., in the amount of $10,000. The loan was unsecured,
bears interest at 10.0% per annum and was due on demand. The Company repaid the loan and the balance due to the officer was $0 as of
April, 30, 2025.

On
February 28, 2025 a limited liability company controlled by a Director of the Company provided a loan to NAPC Defense, Inc., in the amount
of $6,000. The loan was unsecured, bears interest at 10.0% per annum and was due on demand. The balance due was $6,000 as of April, 30,
2025.

On
March 04, 2025 a limited liability company controlled by a Director of the Company provided a loan to NAPC Defense, Inc., in the amount
of $15,000. The loan was unsecured, bears interest at 10.0% per annum and was due on demand. The balance due was $15,000 as of April,
30, 2025.

On
March 11, 2025 a limited liability company controlled by a Director of the Company provided a loan to NAPC Defense, Inc., in the amount
of $30,000. The loan was unsecured, bears interest at 10.0% per annum and was due on demand. The balance due was $30,000 as of April,
30, 2025.

Short
Term Loans

As of April 30, 2025 and April 30, 2024, the Company
had short term