Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 42

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 and government agencies.

The
Company will produce and supply CornerShot® units under license from Silver Shadow of Israel to overseas militaries and governments,
subject to U.S. government approvals, as well as to U.S.-based law enforcement agencies. In addition, the Company intends to leverage
established supplier relationships for the sourcing and sale of personal ballistic protection equipment, including helmets, bullet-resistant
vests, and shields, for both domestic and international clients.

The
Company is also engaged in the procurement and distribution of small-caliber arms, including rifles and pistols, along with newly developing
firearms technologies. Further initiatives include brokering the supply of larger-scale ammunition and artillery through approved overseas
channels for sale to U.S. allies and other authorized purchasers. The Company is likewise pursuing opportunities in the brokering and
distribution of armored vehicles for both domestic use and international markets.

In
March of 2024, the board determined and entered into an acquisition agreement for the acquisition of the rights, intellectual property,
and associated contracts, letters of intent, and assets from Native American Pride Constructors, LLC for acquisition of certain rights
to sale and production of the CornerShot firearms and surveillance technology, owned by Silver Shadow of Israel and licensed to Native
American Pride Constructors LLC (Native American), and other associated leads and rights into the defense industry, including munitions
brokering overseas under United States State Department Approval for artillery, rocket, and other munitions sales from off shore sources
to U.S. approved allies and other countries. Native American held rights to a number of ATF licenses for sale and production of arms,
was a party to a transaction for potential contract and sale of the Cornershot to Saudi Arabia and for sale in the US, and held large
access to broker munitions under US approval overseas, from foreign sourced to US Allies and approved countries.

22

In
addition, NAPC Defense, Inc. intends to eventually develop other defense lines of technology including small arms, suppressor technology
development business, and other items of opportunity held by Native American Pride Constructors LLC, the board determined that an acquisition
agreement of such rights was in the best interest of the Company to pursue as an additional business direction while maintaining its
treasure related business. Such agreement was reached on March 26, 2024, however, was subject to further diligence and verification of
the list of acquired rights and business plans with a close out date of May 1, 2024 and sign off by NAP