Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 11

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 11
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 O’Neal served on the audit committee, which William
Huff chaired, at which time they all resigned. On December 30, 2024, the Board of Directors appointed a new audit committee, comprising
Albert L. Lord, Thomas J. Kozlowski, Jr., and Calvin D. Walsh, with Thomas J. Kozlowski, Jr. serving as chair. The audit committee’s
responsibilities include the following:

| ● | appointing, approving the compensation of, and assessing the independence of our independent registered public accounting firm;                                                                                                         |
| ● | pre-approving auditing and permissible non-audit services, and the terms of such services, to be provided by our independent registered public accounting firm;                                                                         |
| ● | reviewing the overall audit plan with our independent registered public accounting firm and members of management responsible for preparing our consolidated financial statements;                                                      |
| ● | reviewing and discussing our annual and quarterly financial statements and related disclosures, as well as critical accounting policies and practices used by us with management and our independent registered public accounting firm; |
| ● | coordinating the oversight and reviewing the adequacy of our internal control over financial reporting;                                                                                                                                 |
| ● | establishing policies and procedures for the receipt and retention of accounting-related complaints and concerns;                                                                                                                       |

| 7 |

| ● | recommending based upon the audit committee’s review and discussions with management and our independent registered public accounting firm whether our audited financial statements shall be included in our Annual Report on Form 10-K; |
| ● | monitoring the integrity of our consolidated financial statements and our compliance with legal and regulatory requirements as they relate to our consolidated financial statements and accounting matters;                              |
| ● | preparing the audit committee report required by SEC rules to be included in our annual proxy statement;                                                                                                                                 |
| ● | reviewing all related person transactions for potential conflict of interest situations and approving all such transactions; and                                                                                                         |
| ● | reviewing quarterly earnings releases.                                                                                                                                                                                                   |

All services, other than de
minimis non-audit services, to be provided to us by our independent registered public accounting firm must be approved in advance
by our audit committee.

All members of our audit
committee will meet the requirements for financial literacy under the applicable rules and regulations of the SEC and the Nasdaq listing
rules. Our board of directors has determined that William Huff qualifies as an “audit committee financial expert” within
the meaning of applicable SEC regulations. In making this determination, our board of directors considered the nature and scope of William