Company: APCXW
Filing Date: 2025-08-13
Form Type: 8-K
Source: 0001683168-25-005995
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Company: AppTech Payments Corp.
Filing Date: 2025-08-13
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into
a Material Definitive Agreement.

On August 7, 2025, AppTech
Payments Corp. (the “ Company”) entered into a Securities Purchase Agreement (the “ Purchase Agreement”) with GS
Capital Partners, LLC (“ GS Capital”), pursuant to which the Company issued a promissory note in the aggregate principal amount
of $300,000 (the “ Note” and together with the Purchase Agreement, the “ Transaction Documents”) to GS Capital.
The Note was issued with an original issue discount of $50,000, resulting in gross proceeds to the Company of $250,000 before deducting
transaction expenses.

The Note bears interest
at a rate of 10% per annum and matures on July 31, 2026, unless earlier converted or repaid in accordance with its terms. Principal payments
are to be made in six (6) installments of $54,041.84 each, commencing on the 180th day following the Issue Date and continuing every thirty
(30) days for five (5) months thereafter, with the final payment of principal and interest due on the maturity date. The Note may be prepaid
in whole or in part without penalty.

The Note is convertible
at the option of GS Capital into shares of the Company's common stock, $0.001 par value per share (the “ Common Stock”), at
a fixed conversion price of $2.00 per share, subject to adjustment as set forth in the Note. In the event of default, the conversion price
will be 80% of the lowest VWAP of the Common Stock during the ten (10) trading days prior to the conversion date, representing a 20% discount.
The Note contains a beneficial ownership limitation of 4.99%. The Company is required to reserve from its authorized and unissued Common
Stock a number of shares sufficient to permit the full conversion of the Note, as described in the Note.

The Note contains customary
events of default, including, but not limited to, failure to pay principal or interest when due, failure to issue shares upon conversion,
breaches of covenants or representations, bankruptcy or insolvency events, and certain other events as described in the Note. Upon an
event of default, the outstanding principal amount of the Note, plus accrued interest and any other amounts due, may become immediately
due and payable at the option of GS Capital, and the Company may be required to pay a default amount equal to