Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 33

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 to NAPC Defense, Inc. but still maintain the treasure business on a more limited basis.

Such
shares were subject to release by the Company upon approval of the business lines, by the then current but now former CEO and Director.
Such shares did not cause a change in ownership control by any majority shareholder and have been under the rights as set forth in the
acquisition agreement. The matters of diligence to be completed for the acquisition completion were as follows:

Items
acquired for NAPC Defense, Inc. on acquisition made, including

    ●
    CornerShot
    rights for sale, domestically and through Saudi Arabia as existing with Silver Shadow of Israel, including the LOI for the CornerShot
    sale for Saudi Arabia from the Ministry of Defense, which is expected, for an expected order and contract for some 37,000 units of
    the CornerShot firearms and tactical units to Saudi Arabia as held by Native American Pride for the Silver Shadow of Israel, amount
    owed for Saudi Arabian payment potential under a contract if transacted. Such rights include the ability to contract and utilize
    the ATF licenses held for production and sale of firearms and accessories related to such technology under contract with NAPC Defense,
    Inc./BLIS, and existing approvals from the Department of State for foreign arms transactions, an existing or expected approval for
    firearms under approval from the Saudi Government. As well this includes the existing relationship with the Saudi Ministry of Defense
    for interest in the CornerShot purchase, including the relationship and visits expected for closing of such contract. Rights to the
    proceeds from the joint venture in Saudi Arabia for such introductions and potential future sales, visit to occur in Saudi Arabia,
    and domestic US sales potentials, including domestic law enforcement shows, conventions and US Military demonstration.

    ●
    In
    addition, the ability and agreements to produce the CornerShot domestically in the United States which includes a current plastics
    manufacturer relationship and metals production relationship, both to be contracted, for such units of the CornerShot to be produced
    for all contracts or purchase orders which could be achieved. The Company attended various industry and networking conventions and
    conferences in Florida in June 2024, in New Jersey in June 2024 and the visit to Saudi Arabia in the summer of 2024.

    ●
    Rights
    as existing to the CornerShot from Silver Shadow of Israel. To include the foreign sales to Saudi Arabia created by persons related
    to Native American,