Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 88

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 88
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 Control will be exercisable as to all Common Shares subject thereto (but any such
exercise will be contingent upon and subject to the occurrence of the Change in Control and if the Change in Control does not take place
after giving such notice for any reason whatsoever, the exercise will be null and void) and that any Options or SARs not exercised prior
to the consummation of the Change in Control will terminate and be of no further force and effect as of the consummation of the Change
in Control; and

(g)canceling any one or more outstanding Awards and causing to be paid to the holders thereof,
in cash, Common Shares, other securities or other property, or any combination thereof, the value of such Awards, if any, as determined
by the Committee (which if applicable may be based upon the price per Common Share received or to be received by other shareholders of
the Company in such event), including without limitation, in the case of an outstanding Option or SAR, a cash payment in an amount equal
to the excess, if any, of the fair market value (as of a date specified by the Committee) of the Common Shares subject to such Option
or SAR over the aggregate Exercise Price or Strike Price of such Option or SAR, respectively (it being understood that, in such event,
any Option or SAR having a per share Exercise Price or Strike Price equal to, or in excess of, the fair market value of a Common Share
subject thereto may be canceled and terminated without any payment or consideration therefor); provided, however, that in the case of
any “equity restructuring” (within the meaning of the Financial Accounting Standards Board Accounting Standards Codification
Topic 718), the Committee shall make an equitable or proportionate adjustment to outstanding Awards to reflect such equity restructuring.
The Company shall give each Participant notice of an adjustment hereunder and, upon notice, such adjustment shall be conclusive and binding
for all purposes.

13.Amendments and Termination.

(a)Amendment and Termination of the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at
any time; provided that (i) no amendment to Section 13(b) (to the extent required by the proviso in such Section 13(b)) shall be made without shareholder approval and (ii) no such amendment, alteration, suspension, discontinuation or termination
shall be made without shareholder approval if such approval is necessary to comply with any tax or regulatory