Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 12

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 12
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Huff’s experience throughout his career as a Certified Public Accountant. Our board of directors has determined that all of the
directors who are members of our audit committee satisfy the relevant independence requirements for service on the audit committee set
forth in the rules of the SEC and the Nasdaq listing rules. Both our independent registered public accounting firm and management will
periodically meet privately with our audit committee.

Both our independent registered
public accounting firm and our internal financial personnel will regularly meet with and have unrestricted access to the audit committee.

Our board of directors has
determined that each audit 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.

Compensation Committee

In 2024 and until December
13, 2024, Mengyin H. Liang ‘Roz Huang’, William Huff, and Michael O’Neal served on the compensation committee, which
Michael O’Neal chaired, at which time they all resigned. On December 30, 2024, the Board of Directors appointed a new compensation
committee, comprising Albert L. Lord, Thomas J. Kozlowski, Jr., and Calvin D. Walsh, with Albert L. Lord serving as chair. The compensation
committee’s responsibilities include the following:

| ● | annually reviewing and recommending to the board of directors the corporate goals and objectives relevant to the compensation of our Chief Executive Officer;                                                                                                                                                                                        |
| ● | evaluating the performance of our Chief Executive Officer in light of such corporate goals and objectives and based on such evaluation, (i) recommending to the board of directors the cash compensation of our Chief Executive Officer, and (ii) reviewing and approving grants and awards to our Chief Executive Officer under equity-based plans; |
| ● | reviewing and approving the cash compensation of our other executive officers;                                                                                                                                                                                                                                                                       |

| 8 |

| ● | reviewing and establishing our overall management compensation, philosophy, and policy;                                                                               |
| ● | overseeing and administering our compensation and similar plans;                                                                                                      |
| ● | evaluating and assessing potential and current compensation advisors in accordance with the independence standards identified in the applicable Nasdaq rules;         |
| ● | reviewing and approving our policies and procedures for the grant of equity-based awards;                                                                             |
|