Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 13

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 13
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 ● | reviewing and recommending to the board of directors the compensation of our directors;                                                                               |
| ● | preparing our compensation committee report if and when required by SEC rules;                                                                                        |
| ● | reviewing and discussing annually with management our “Compensation Discussion and Analysis,” if and when required, to be included in our annual proxy statement; and |
| ● | reviewing and approving the retention or termination of any consulting firm or outside advisor to assist in evaluating compensation matters.                          |

Our board of directors has
determined that each compensation committee member is “independent” as defined in the applicable Nasdaq rules. Each member
of our compensation committee will be a non-employee director, as defined in Rule 16b-3 promulgated under the Exchange
Act, and an outside director, as defined pursuant to Section 162(m) of the Internal Revenue Code of 1986, as amended.

Corporate Governance and Nominating Committee

In 2024 and until December
13, 2024, Mengyin H. Liang ‘Roz Huang’, William Huff, and Christopher Williams served on the corporate governance and nominating
committee, which Christopher Williams chaired, at which time they all resigned. On December 30, 2024, the Board of Directors appointed
a new corporate governance and nominating committee, including Albert L. Lord, Thomas J. Kozlowski, Jr., and Calvin D. Walsh, with Calvin
D. Walsh serving as chair. The nominating and corporate governance committee’s responsibilities include the following:

| ● | developing and recommending to the board of directors criteria for board and committee membership;                                                         |
| ● | establishing procedures for identifying and evaluating board of director candidates, including nominees recommended by stockholders;                       |
| ● | reviewing the composition of the board of directors to ensure that it is composed of members containing the appropriate skills and expertise to advise us; |
| ● | identifying individuals qualified to become members of the board of directors;                                                                             |
| ● | recommending to the board of directors the persons to be nominated for election as directors and to each of the board’s committees;                        |
| ● | developing and recommending to the board of directors a code of business conduct and ethics, a set of corporate governance guidelines; and                 |
| ● | overseeing the evaluation of our board of directors and management.                                                                                        |

| 9 |

Our nominating and corporate
governance committee determines that candidates for director should have certain minimum qualifications, including reading, understanding
basic financial statements,