NOTE 9 – RELATED PARTY TRANSACTIONS

Period ended April 30, 2026:

Issuance of Restricted Common Shares to Directors and Officers

On October 22, 2025, the Board of Directors of NAPC Defense, Inc. / Beliss Corp. approved the issuance of 50,000,000 restricted book-entry shares of the Company’s common stock to certain directors and officers in recognition of services rendered and to further align leadership interests with the Company’s long-term corporate objectives. The shares were allocated as follows: 5,000,000 to Derrick V. West, 20,000,000 to Edward K. West, 20,000,000 to Evelyn R. Gurba, and 5,000,000 to John Spence, as reflected in the Board’s share issuance resolution and related issuance instructions submitted to the Company’s transfer agent.

All shares issued are restricted securities, subject to applicable U.S. securities laws and resale restrictions, and may require legal opinions prior to any transfer or sale. The Company’s Chief Financial Officer has been authorized to execute all necessary transfer agent instructions and related documentation, and the Company’s officers have been directed to update the stock ledger and shareholder registry to reflect the issuances; the Board has confirmed that this authorization remains in full force and effect and has not been rescinded or amended.

The Company entered into a lease agreement for commercial office space with a related party commencing on August 15, 2025 with a month-to-month term and a base monthly rent of $10,000. During the year ended April 30, 2026 the Company expensed $60,000 for rent. As of April 30, 2026, the amount owed is $10,000 which is included in accounts payable, related party in the accompanying balance sheet.

The Company had previously entered into a lease agreement on May 1, 2024, for 13,000 square feet of commercial office space and 40,000 square feet of warehousing and parking with a related party, with base monthly rent of $25,000. This lease agreement ended on April 30, 2025. The Company owed the related party rent of $25,000 at April 30, 2025. The $25,000 was paid to the related party during year ended April 30, 2026.

A related party limited liability company provided $6,500 of construction services to make improvements to the Company’s commercial office space during the year ended April 30, 2026.

The Company issued 95,000,000 shares of its restricted common stock valued at $1,615,000 and shown on the consolidated balance sheet as prepaid product rights as of April 30, 2024 to the limited liability company. The Company elected to classify the shares as a prepaid asset pending the closing of the deal. The shares were issued for purchase of the business rights, leads, and contracts and are subject to issuance under control of the Company’s prior president until sign off and final determination of certain contingent terms and conditions. The shares were valued based on the closing price of the Company’s stock on the date of the agreement. Upon completion of due diligence and a verification of certain terms and conditions, the deal closed and the shares issued to NAPC, LLC were reclassified from a prepaid asset to intellectual property on May 1, 2025. NAPC Defense, Inc.’s management has determined that the intellectual property should be impaired based on the Company not having closed sales and licensing deals for CornerShot and related products and services as of April 30, 2025. Accordingly, the Company impaired the balance of $1,615,000 of the intellectual property to $0 during the year ended April 30, 2025.

During the year ended April 30, 2026 the Company entered into an agreement with a related party, Native American Pride Constructors, LLC (“NAPC, LLC”), (See Note 11 – Services Revenue) to act as subcontractor to oversee and manage NAPC, LLC’s contracts with the United States Department of Defense (“DoD”).

The Company paid a related party $30,000 in fees for providing referrals and customer support which is included in cost of sales in 2026.

The above transactions and amounts are not necessarily what non related third parties would agree to.  

Related Party Loans

See Note 6 - Notes Payable for information regarding related party loans.