Company: BLIS
Filing Date: 2025-03-10
Form Type: 10-Q/A
Source: 0001199835-25-000067
Chunk: 15

Company: NAPC Defense, Inc.
Filing Date: 2025-03-10
Form: 10-Q/A
Chunk 15
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 the Company being required to issue a significant amount
of shares and/or warrants to the lender. If the note holder elects to sell the shares that it has acquired as a result of converting the
note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s
shares.

Convertible Notes Payable

The following table reflects the convertible notes payable as of October 31 and April 30, 2024:

Schedule of Notes Payable

|                                   |     |            | Issue Date |            | Maturity 
 Date     |   | October 31, 
        2024 
   Principal 
     Balance |   |     |   | April 30, 2024 
      Principal 
        Balance |     |        | Rate |       |
|:----------------------------------|:----|:-----------|:-----------|:-----------|:---------|:--|------------:|:--|:----|:--|---------------:|:----|:-------|:-----|------:|
| Convertible notes payable         |     |            |            |            |          |   |             |   |     |   |                |     |        |      |       |
| Face Value                        |     | 04/26/2021 |            | 04/26/2023 |          | $ |     112,975 |   |     | $ |        112,975 |     | 10.00% |      | 0.100 |
| Face Value                        |     | 05/05/2021 |            | 05/05/2022 |          |   |      53,619 |   |     |   |        150,000 |     | 10.00% |      | 0.100 |
| Face Value                        |     | 05/19/2021 |            | 02/19/2023 |          |   |     131,790 |   |     |   |        150,000 |     | 10.00% |      | 0.100 |
| Face Value                        |     | 12/06/2021 |            | 02/06/2023 |          |   |      70,666 |   |     |   |         70,666 |     | 10.00% |      | 0.100 |
| Face Value                        |     | 06/16/