Company: APCXW
Filing Date: 2025-07-29
Form Type: 8-K
Source: 0001683168-25-005471
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Company: AppTech Payments Corp.
Filing Date: 2025-07-29
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive
Agreement.

On July 23, 2025, AppTech Payments Corp. (the
“ Company”) entered into a Securities Purchase Agreement (the “ Purchase Agreement”) with Labrys Fund II, L. P. (“ Labrys”),
pursuant to which the Company issued a promissory note in the aggregate principal amount of $360,000 (the “ Note” and together
with the Purchase Agreement, the “ Transaction Documents”) to Labrys. The Note was issued with an original issue discount of
$60,000, resulting in gross proceeds to the Company of $300,000 before deducting transaction expenses. The Note bears interest at a rate
of 10% per annum and matures twelve (12) months from the date of issuance, unless earlier converted or repaid in accordance with its terms.

The Note is convertible at the option of Labrys
into shares of the Company’s common stock, $0.001 par value per share (the “ Common Stock”), at an initial conversion
price of $2.00 per share, subject to adjustment as set forth in the Note. Beginning April 21, 2026, the conversion price will be the lesser
of $2.00 or 80% of the lowest single VWAP of the Common Stock on the principal market during the ten (10) trading days immediately preceding
the conversion date, subject to further adjustment as provided in the Note. The Note contains a beneficial ownership limitation of 4.99%,
which may be increased to up to 9.99% upon 61 days’ prior written notice by Labrys.

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
may not be prepaid except as set forth therein.

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 Labrys, and the Company may be required to pay a default amount equal to 115% of the outstanding principal and accrued interest.

The Purchase