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

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 14
---
 and having a general understanding of our industry. In evaluating potential nominees to the Board, the nominating
and corporate governance committee considers a wide variety of qualifications, attributes, and other factors and recognizes that a diversity
of viewpoints and practical experience can enhance the effectiveness of the Board. Accordingly, as part of its evaluation of each candidate,
the nominating and corporate governance committee considers that candidate’s background, experience, qualifications, attributes,
and skills that may complement, supplement, or duplicate those of other prospective candidates and current directors.

Our corporate governance
and nominating committee also consider candidates proposed in writing by stockholders, provided such proposal meets the eligibility requirements
for submitting stockholder proposals under our amended and restated bylaws and is accompanied by adequate information about the candidate
and the stockholder submitting the proposal. Our corporate governance and nominating committee evaluate candidates proposed by stockholders
using the same criteria as all other candidates.

Our corporate governance
and nominating committee are also responsible for reviewing developments in corporate governance practices, evaluating the adequacy of
our corporate governance practices, and reporting and making recommendations to the Board concerning corporate governance matters. Our
nominating and corporate governance committee has not adopted a policy regarding the consideration of diversity in identifying director
nominees.

Our board of directors has
determined that each corporate governance and nominating 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.

Board Meetings and Attendance

The Board held six meetings
in 2024. During 2024, each incumbent member of the Board attended 75% or more of the aggregate of a) the total number of Board meetings
held during the period of such member’s service and b) the total number of meetings of committees on which such member served, during
the period of such member’s service.

Director Attendance at Annual Meetings of Stockholders

Directors are encouraged, but not required, to
attend our annual stockholder meetings. All of our directors attended our last annual meeting.

Compensation Committee Interlocks and Insider Participation

Our compensation committee
was originally formed on October 13, 2020. None of our compensation committee members is, or has been, an officer or employee of ours
at any time during