Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 30

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 30
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 (but any such exercise will be contingent upon and subject to the occurrence
of the change in control and if the change in control does not take place after giving such notice for any reason whatsoever, the exercise
will be null and void) and that any options or SARs not exercised prior to the consummation of the change in control will terminate and
be of no further force and effect as of the consummation of the change in control; and (g) canceling any one or more outstanding awards
and causing to be paid to the holders thereof, in cash, AppTech Common Stock, other securities or other property, or any combination thereof,
the value of such awards.

Change in Control

For purposes of the 2025
Plan, a “change in control” means, in summary, the first to occur of any of the following events: (i) one person or group
of persons becomes the beneficial owner, directly or indirectly, of more than 50% of the combined voting power of the then issued and
outstanding securities of AppTech, whether pursuant to a sale of securities, merger or otherwise, (ii) during any period of not more than
two (2) consecutive years, individuals who constitute the board of directors of AppTech as of the beginning of the period cease for any
reason to constitute at least a majority of the board of directors of AppTech or (iii) the consummation of a sale, transfer or other disposition
of all or substantially all of the business and assets of AppTech, whether by sale of assets, merger or otherwise (determined on a consolidated
basis), to one person or group of persons.

Tax Withholding

Each participant will be
required to make arrangements satisfactory to the Committee regarding payment of an amount up to the maximum statutory rates in the participant’s
applicable jurisdictions with respect to any award granted under the 2025 Plan, as determined by AppTech. AppTech has the right, to the
extent permitted by law, to deduct any such taxes from any payment of any kind otherwise due to the participant. With the approval of
the Committee, the participant may satisfy the foregoing requirement by either electing to have AppTech withhold from delivery of AppTech
Common Stock, cash, or other property, as applicable, or by delivering already owned unrestricted AppTech Common Stock, in each case,
having a value not exceeding the applicable taxes to be withheld and applied to the tax obligations. AppTech may also use any other method
of