Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 81

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 81
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 the unvested and the vested portion of a SAR shall expire upon the
termination of the Participant’s employment or service by the Company for Cause. If the SAR would expire at a time when the exercise
of the SAR would violate applicable securities laws, the expiration date applicable to the SAR will be automatically extended to a date
that is thirty (30) calendar days following the date such exercise would no longer violate applicable securities laws (so long as such
extension shall not violate Section 409A of the Code); provided, that in no event shall such expiration date be extended beyond
the expiration of the SAR Period.

(d)Method of Exercise. SARs that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the
Company in accordance with the terms of the Award, specifying the number of SARs to be exercised and the date on which such SARs were
awarded. Notwithstanding the foregoing, if on the last day of the Option Period (or in the case of a SAR independent of an option, the
SAR Period), the fair market value exceeds the Strike Price, the Participant has not exercised the SAR or the corresponding Option (if
applicable), and neither the SAR nor the corresponding Option (if applicable) has expired, such SAR shall be deemed to have been exercised
by the Participant on such last day and the Company shall make the appropriate payment therefor.

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(e)Payment.
Upon the exercise of a SAR, the Company shall pay to the Participant an amount equal to the number of shares subject to the SAR that are
being exercised multiplied by the excess, if any, of the fair market value of one Common Share on the exercise date over the Strike Price,
less an amount equal to any taxes required to be withheld or paid. The Company shall pay such amount in cash, in Common Shares valued
at fair market value, or any combination thereof, as determined by the Committee. No fractional Common Shares shall be issued or delivered
pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or
transferred in lieu of any fractional Common Shares, or whether such fractional Common Shares or any rights thereto shall be canceled,
terminated or otherwise eliminated.

9.Restricted Stock and Restricted Stock Units.

(a)Generally.
Each grant of Restricted Stock and Restricted Stock Units shall be evidenced by an Award agreement (whether in paper or electronic medium
(including email or the posting on a website maintained by