Company: APCXW
Filing Date: 2025-06-25
Form Type: 8-K
Source: 0001683168-25-004745
Chunk: 1

Company: AppTech Payments Corp.
Filing Date: 2025-06-25
Form: 8-K
Item: Item 1.01
Chunk 1
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 default interest at 18% per annum if any, shall then become
due and payable.

The number of shares of the Company’s common
stock that may be issued upon conversion of the Note is subject to reserved shares (the “ Reserved Shares”), and 3,600,000
shares have been reserved with the Transfer Agent. The Reserved Shares are subject to adjustment for any default, reorganization, recapitalization,
non-cash dividend, stock split (including forward and reverse), or other similar transactions.

The Purchase Agreement contains customary representations,
warranties, agreements, and conditions for completing future sale transactions, as well as indemnification rights and obligations of the
parties. Among other things, the Purchaser represented to the Company, that it is an “accredited investor” (as such term is
defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “ Securities Act”)), and the Company
sold the securities in reliance upon an exemption from registration contained in Section 4(a)(2) of the Securities Act and Regulation
D promulgated thereunder.

The foregoing descriptions of the Note and the Purchase
Agreement are qualified in their entirety by reference to the full text of such agreements, the forms of which are attached hereto as
Exhibit 4.1 and 10.1, respectively, and each of which is incorporated herein in its entirety by reference. The representations, warranties,
and covenants contained in such agreements were made solely for the purposes of such agreements and as of specific dates, were intended
to be solely for the benefit of the parties to such agreements, and may be subject to limitations agreed upon by the contracting parties.

   2  

Item 2.03. Creation of a Direct Financial Obligation
or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 with respect
to the Transaction Documents above of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 3.02. Unregistered Sales of Equity Securities.