8-K - APCX - Equibles

UNITED

STATES SECURITIES AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event

reported): September 30, 2021

AppTechCorp.

(Exact name of registrant as specifiedin its charter)

Wyoming	000-27569	65-0847995
(State or other jurisdiction of<br><br> incorporation or organization)	(Commission File Number)	(I.R.S. Employer<br><br>Identification Number)
5876 Owens Ave. Suite 100<br><br>Carlsbad, California		92008
(Address of principal executive offices)		(Zip Code)

(760) 707-5959

(Registrant’s telephone number,including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	APCX	OTC Pink Open Market

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On September 30, 2021, AppTech Corp. (“AppTech”) entered into a Debt Conversion Agreement with a debt holder to convert the principal and interest on a note between the parties. The conversion was associated with larger efforts by AppTech to cure the default on a number of outstanding notes. Debt holders were provided the option to convert their outstanding debt at a conversion rate of $1 per share or forbear all payments and interest for a period of one-year in exchange for a one-time equity bonus equal to 5% of the principal balance of each respective note issued as common stock at a rate of $1 per share. To date, fourteen debt holders opted to restructure AppTech’s debt. Six debt holders entered Debt Conversion Agreements converting $1,018,793 into 1,018,793 shares of common stock. Further, eight debt holders entered into Forbearance Agreements forbearing $2,110,405.

Item 8.01 Other Events

On October 3, 2021, AppTech released a press release announcing the defaulted debt being cured. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
10.1	Form Debt Conversion Agreement
10.2	Form Forbearance Agreement
10.3	Debt Conversion Agreement<br> dated September 30, 2021, by and among AppTech Corp. and Robert Davis
99.1	Press Release, dated October 3, 2021

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	APPTECH CORP.
Dated: October 7, 2021	By:	/s/ Luke D’Angelo
	Name:	Luke D’Angelo
	Title:	Chief Executive Officer

Exhibit 10.1

DEBT CONVERSION AGREEMENT

THIS DEBT CONVERSION AGREEMENT (this “Agreement”) is dated as of ___________ (the “Effective Date”) by and between AppTech, Corp., a Wyoming corporation (“Corporation”), ___________________ (“Creditor” or “Debt Holder”). Corporation and the Creditor are sometimes referred to collectively as the Parties.

WHEREAS, Parties previously executed an interest-bearing promissory note for $_________________ (the “Promissory Note”) for the purpose of capitalizing the Corporation;

WHEREAS, the current debt outstanding to the Company under the terms of the Promissory Note totals approximately $______________ in principal and accrued interest (“Debt”);

WHEREAS, Parties have agreed to recapitalize the Corporation by converting the amounts due under the Promissory Note into the common stock of the Corporation with a par value of $0.001 per share (the “Common Stock”) of the Corporation (the “Conversion”) ;

WHEREAS, the Board of Directors of the Corporation determined that the Conversion is in the best interests of the Corporation in pursuit of its goals to achieve ;

WHEREAS, the Corporation has authorized sufficient Common Stock for issuance with regards to the Conversion;

WHEREAS, Parties desire to exchange the amounts due under the Promissory Note into Common Stock all as set forth below;

WHEREAS, the terms and conditions of this transaction have been negotiated with and approved by all of the non-interested directors of the Corporation; and

WHEREAS, Parties desire to enter into this Agreement to provide the terms and conditions upon which the Promissory Note will be converted into the Common Stock;

NOW THEREFORE, in exchange for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

Conversion.

(a) As of the Effective Date, Creditor hereby elects to convert the Debt into a number of shares of the Common Stock according to the Conversion Formula (defined below) resulting in the issuance of _______________ shares of Common Stock to the Creditor.

Representations, Warranties and Covenants.

(a) Of the Corporation. The Corporation hereby makes the following representations, warranties and covenants in favor of Creditor:

(i) Authorized Shares. The Common Stock identified in Section 1 of this Agreement constitute duly authorized common stock of the Corporation, the issuance of which to Creditor has been duly authorized by the board of directors of the Corporation.

(ii) Validly Issued. Upon issuance of the Common Stock identified in Section 1 of this Agreement and receipt by the Corporation of the Promissory Note representing the amounts owed to Creditor by Corporation pursuant to the terms of the Promissory Note, properly endorsed and accompanied by all instruments necessary to effect the transfer of such Promissory Note to the Corporation, such Common Stock shall be validly issued and outstanding, fully paid, nonassessable and free and clear of all liens and encumbrances arising through the actions of the Corporation or its directors, officers, employees or agents.

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(iii) Issuance of Common Stock. Upon the Corporation’s receipt of the Promissory Note and the duly executed counterparts of this Agreement from Creditor, the Corporation shall issue the Common Stock specified in Section 1 of this Agreement to the party identified in Section 1 of this Agreement as electing to receive such Common Stock.

(b) Of Creditor. Creditor (and “Note Holder”) hereby makes the following representations, warranties and covenants with respect to such Note Holder in favor of the Corporation.

(i) Note Holder. Such Note Holder is the owner of the Promissory Note, and owns such Promissory Note free and clear of all liens, claims and encumbrances.

(ii) Authorization. Such Note Holder has full power and authority to enter into this Agreement, and this Agreement, when executed and delivered, will constitute a valid and legally binding obligation of such Note Holder. The individual signing this Agreement on behalf of such Note Holder is duly authorized to execute this Agreement for and on behalf of such Note Holder. All organizational action required to be taken to authorize (i) the execution and delivery of this Agreement by the undersigned individual for and on behalf of such Note Holder and (ii) the performance by such Note Holder of such Note Holder’s obligations hereunder has been taken.

(iii) To Be Purchased Entirely For Own Account. This Agreement is made with such Note Holder in reliance upon such Note Holder’s representation to the Corporation, which, by such Note Holder’s execution of this Agreement, such Note Holder hereby confirms, that the Common Stock to be purchased by such Note Holder and any securities issuable upon conversion thereof (such Common Stock and securities issuable upon conversion thereof being, collectively, the “Securities”) are being and will be acquired for investment for such Note Holder’s own account, not as nominee or agent, and not with a view to the resale or distribution of any part thereof, and that neither such Note Holder nor any of its officers, members, managers or representatives with the authority, responsibility or power to make a decision with regard to the purchase or sale of the Securities or any portion thereof (collectively, such “Note Holder’s Representatives”) has any present intention of selling, granting any participation in or otherwise distributing the same. Such Note Holder and such Note Holder’s Representatives are familiar with the phrase “acquired for investment and not with a view to distribution” as it relates to the Securities Act of 1933, as amended (the “Securities Act”) and state securities laws and the special meaning given to such term by the Securities and Exchange Commission (the “SEC”). By executing this Agreement, such Note Holder further represents that such Note Holder does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Securities.

(iv) Reliance Upon Note Holder’s Representations and Warranties. Such Note Holder and such Note Holder’s Representatives understand that the Securities are not, and upon issuance of any of the Securities on conversion of the Common Stock, at the time of issuance may not be, registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of securities hereunder is exempt from registration under the Securities Act, and that the Corporation’s reliance on such exemption is predicated on such Note Holder’s representations and warranties set forth herein.

(v) Receipt of Information. Such Note Holder and such Note Holder’s Representatives have received all the information they consider necessary or appropriate for deciding whether to purchase the Securities and each portion thereof. Such Note Holder further represents that such Note Holder and such Note Holder’s Representatives have had an opportunity to ask questions and receive answers from the Corporation regarding the terms and conditions of the offering of the Securities and each portion thereof and the business, properties, prospects and financial condition of the Corporation and to obtain additional information necessary to verify the accuracy of any information furnished to such Note Holder or such Note Holder’s Representatives or to which such Note Holder or such Note Holder’s Representatives had access.

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(vi) Investment Experience. Such Note Holder represents that it and such Note Holder’s Representatives are experienced in evaluating and investment in private placement transactions of securities of companies in a similar stage of development as the Corporation and acknowledges that such Note Holder can bear the economic risk of such Note Holder’s investment and that such Note Holder’s Representatives have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of the investment in the Securities.

(vii) Accredited Investor. Such Note Holder is an Accredited Investor, as such term is defined in Regulation D promulgated under the Securities Act.

(viii) Restricted Securities. Such Note Holder and each of such Note Holder’s Representatives understands that neither the Securities nor any portion thereof may be sold, transferred or otherwise disposed of without registration under the Securities Act or an exemption therefrom, and that in the absence of an effective registration statement covering the Securities (or such portion thereof) or an available exemption from registration under the Securities Act, the Securities and each portion thereof must be held indefinitely. Furthermore, such Note Holder and each of such Note Holder’s Representatives is aware that neither the Securities nor any portion thereof may be sold pursuant to Rule 144 promulgated under the Securities Act unless all of the conditions of that Rule are met.

(ix) Legends. To the extent applicable, each certificate or other document evidencing any of the Securities shall be endorsed with the legends substantially in the form set forth below:

The following legend under the Securities Act:

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SUCH ACT, OR UNLESS APPTECH CORP. (THE “CORPORATION”) HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, SATISFACTORY TO THE CORPORATION AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.

Also, the Corporation shall endorse such certificates with each legend imposed or required by the Corporation’s Articles of Organization or applicable state securities laws.

Definitions:

(a) “Commission” shall mean the U.S. Securities and Exchange Commission.

(b) The Conversion Formula is as follows:

Promissory<br>Note Amount	=	shares<br>of Common Stock to be converted
Conversion<br>Price

(d) “Person” **** shall mean any natural person, trust, corporation, partnership, limited partnership, limited liability company, unincorporated association or other entity.

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(e) “Securities Act” shall mean the Securities Act of 1933, as amended.

Governing Law. This Agreement shall be governed by the laws of the State of California, without reference to the choice of laws rules of such state.
Attorneys’ Fees. In the event any party hereto fails to perform any of its obligations under this Agreement or the transactions contemplated hereby or in the event a dispute arises concerning the meaning or interpretation of any provision of this Agreement, the defaulting party or the party not prevailing in such dispute, as the case may be, shall pay any and all reasonable costs and expenses incurred by the other party in enforcing or establishing its rights hereunder, including court costs and reasonable attorneys’ fees.
Successors and Assigns. This Agreement shall be binding upon each party hereto and its respective successors and assigns.
Severability. If any term or provision of this Agreement or any application thereof shall be held invalid or unenforceable, the remainder of this Agreement and any other application of such term or provision shall not be affected thereby.
Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof, and may not be changed or modified except by an agreement in writing signed by the parties hereto. The Corporation and Match hereby agree that all prior or contemporaneous oral understandings, agreements or negotiations relative to the subject matter hereof are merged into and revoked by this Agreement.
Interpretation. All provisions of this Agreement shall be interpreted according to their fair meaning and shall not be strictly construed against any party.
Counterparts; Facsimile Signature. This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which, taken together, shall constitute one agreement. An original signature or copy thereof transmitted by facsimile shall constitute an original signature for purposes of this Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.

CORPORATION
AppTech Corporation, a Wyoming corporation
By:
Name:
Title:
CREDITOR
By:
Name:

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Exhibit 10.2

****

LOAN FORBEARANCE AGREEMENT

THIS LOAN FORBEARANCE AGREEMENT (this “Agreement”) is dated as of ____________________ (the “Effective Date”) by and between AppTech, Corp., a Wyoming corporation (“Corporation”), _______________ (“Holder”). Corporation and Holder are sometimes referred to collectively as the Parties.

WHEREAS, Parties previously executed an interest-bearing convertible promissory note for $______________ (the “Promissory Note”) for the purpose of capitalizing the Corporation;

WHEREAS, the current debt outstanding to the Company under the terms of the Promissory Note totals approximately $_______________ in principal and accrued interest (“Debt”);

WHEREAS, Parties have agreed to forebear the enforcement of the terms of the Promissory Note; and

WHEREAS, Parties desire to enter into this Agreement to provide the terms and conditions upon which the Promissory Note will be extended;

NOW THEREFORE, in exchange for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

Forbearance.

(a) Holder hereby acknowledges that it will forebear enforcement of any of the payment terms of the Promissory Note, including but not limited to the Maturity Date, as defined therein, for a period of twelve (12) months from the Effective Date (“Forbearance Period”). Holder hereby acknowledges that it will forebear the application of any default remedies, including but not limited to default interest rates, for the Forbearance Period. Further, and for clarification, no interest of any kind shall accrue or capitalize during the Forbearance Period and shall be forever waived as it relates to interest that would have otherwise accrued during the Forbearance Period.

Additional Consideration.

(a) Equity Bonus. Corporation hereby agrees that in exchange for the above forbearance, upon the effectiveness of this Agreement, the Holder will receive a 5% equity bonus of the original principal amount of the Promissory Note. The equity shall be shares of common stock in the Corporation at a conversion price of $1 dollar per share of common stock. For the avoidance of doubt, if the original principal amount of the note is $100,000 and the accrued interest is $35,000, the Equity Bonus would be 5% of the original principal, or $5,000, which equates to 5,000 shares of common stock in the Corporation. The Equity Bonus for this Agreement is _______________shares.

Representations and Warranties.

(a) Of the Corporation. The Corporation hereby makes the following representations, warranties and covenants in favor of Holder:

(i) Authority. Corporation has full power and authority to enter into this Agreement, and this Agreement, when executed and delivered, will constitute a valid and legally binding obligation of Corporation. The individual signing this Agreement on behalf of Corporation, if an entity, is duly authorized to execute this Agreement for and on behalf of Corporation. All organizational action required to be taken to authorize (i) the execution and delivery of this Agreement by the undersigned individual for and on behalf of Corporation and (ii) the performance by Corporation of Corporation’s obligations hereunder has been taken.

(b) Of Holder. Holder hereby makes the following representations, warranties and covenants with respect to such Holder in favor of the Corporation.

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(i) Title. Holder is the owner of the Promissory Note, and owns such Promissory Note free and clear of all liens, claims and encumbrances.

(ii) Authorization. Holder has full power and authority to enter into this Agreement, and this Agreement, when executed and delivered, will constitute a valid and legally binding obligation of Holder. The individual signing this Agreement on behalf of Holder, if an entity, is duly authorized to execute this Agreement for and on behalf of Holder. All organizational action required to be taken to authorize (i) the execution and delivery of this Agreement by the undersigned individual for and on behalf of Holder and (ii) the performance by Holder of Holder’s obligations hereunder has been taken.

(iv) Reliance Upon Holder’s Representations and Warranties. Holder and Holder’s Representatives understand that the Securities are not, and upon issuance of any of the Securities on conversion of the Common Stock, at the time of issuance may not be, registered under the Securities Act on the ground that the sale provided for in this Agreement and the issuance of securities hereunder is exempt from registration under the Securities Act, and that the Corporation’s reliance on such exemption is predicated on such Holder’s representations and warranties set forth herein.

(v) Restricted Securities. Holder and Holder’s Representatives understand that neither the Securities nor any portion thereof may be sold, transferred or otherwise disposed of without registration under the Securities Act or an exemption therefrom, and that in the absence of an effective registration statement covering the Securities (or such portion thereof) or an available exemption from registration under the Securities Act, the Securities and each portion thereof must be held indefinitely. Furthermore, such Note Holder and each of such Note Holder’s Representatives is aware that neither the Securities nor any portion thereof may be sold pursuant to Rule 144 promulgated under the Securities Act unless all of the conditions of that Rule are met.

(vi) Legends. To the extent applicable, each certificate or other document evidencing any of the Securities shall be endorsed with the legends substantially in the form set forth below:

The following legend under the Securities Act:

Governing Law. This Agreement shall be governed by the laws of the State of California, without reference to the choice of laws rules of such state.
Attorneys’ Fees. In the event any party hereto fails to perform any of its obligations under this Agreement or the transactions contemplated hereby or in the event a dispute arises concerning the meaning or interpretation of any provision of this Agreement, the defaulting party or the party not prevailing in such dispute, as the case may be, shall pay any and all reasonable costs and expenses incurred by the other party in enforcing or establishing its rights hereunder, including court costs and reasonable attorneys’ fees.
Successors and Assigns. This Agreement shall be binding upon each party hereto and its respective successors and assigns.

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Severability. If any term or provision of this Agreement or any application thereof shall be held invalid or unenforceable, the remainder of this Agreement and any other application of such term or provision shall not be affected thereby.
Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof, and may not be changed or modified except by an agreement in writing signed by the parties hereto. The Corporation and Match hereby agree that all prior or contemporaneous oral understandings, agreements or negotiations relative to the subject matter hereof are merged into and revoked by this Agreement.
Interpretation. All provisions of this Agreement shall be interpreted according to their fair meaning and shall not be strictly construed against any party.
Counterparts; Facsimile Signature. This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which, taken together, shall constitute one agreement. An original signature or copy thereof transmitted by facsimile shall constitute an original signature for purposes of this Agreement.

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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.

CORPORATION
AppTech<br>Corporation, a Wyoming corporation
By:
Name:	Luke D’Angelo
Title:	Chief Executive Officer
HOLDER
By:
Name:
Title:

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Exhibit 10.3

DEBT CONVERSION AGREEMENT

THIS DEBT CONVERSION AGREEMENT (this “Agreement”) is dated as of 9/30/2021 (the “Effective Date”) by and between AppTech, Corp., a Wyoming corporation (“Corporation”), Robert Davis (“Creditor” or “Debt Holder”). Corporation and the Creditor are sometimes referred to collectively as the Parties.

WHEREAS, Parties previously executed an interest-bearing promissory note for $350,000 (three hundred fifty thousand dollars.) (the “Promissory Note”) for the purpose of capitalizing the Corporation;

WHEREAS, the current debt outstanding to the Company under the terms of the Promissory Note totals approximately $529,795 (five hundred twenty-nine thousand seven hundred ninety-five dollars) in principal and accrued interest (“Debt”);

WHEREAS, the Board of Directors of the Corporation determined that the Conversion is in the best interests of the Corporation in pursuit of its goals to achieve;

WHEREAS, the Corporation has authorized sufficient Common Stock for issuance with regards to the Conversion;

WHEREAS, Parties desire to exchange the amounts due under the Promissory Note into Common Stock all as set forth below;

WHEREAS, the terms and conditions of this transaction have been negotiated with and approved by all of the non- interested directors of the Corporation; and

WHEREAS, Parties desire to enter into this Agreement to provide the terms and conditions upon which the Promissory Note will be converted into the Common Stock;

NOW THEREFORE, in exchange for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1.	Conversion.

(a) As of the Effective Date, Creditor hereby elects to convert the Debt into a number of shares of the Common Stock according to the Conversion Formula (defined below) resulting in the issuance of 529,795 (five hundred twenty-nine thousand seven hundred ninety-five) shares of Common Stock to the Creditor.

2.	Representations, Warranties and Covenants.

(a) Of the Corporation. The Corporation hereby makes the following representations, warranties and covenants in favor of Creditor:

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(b) Of Creditor. Creditor (and “Note Holder”) hereby makes the following representations, warranties and covenants with respect to such Note Holder in favor of the Corporation.

(i) Note Holder. Such Note Holder is the owner of the Promissory Note, and owns such Promissory Note free and clear of all liens, claims and encumbrances.

(ii) Authorization. Such Note Holder has full power and authority to enter into this Agreement, and this Agreement, when executed and delivered, will constitute a valid and legally binding obligation of such Note Holder. The individual signing this Agreement on behalf of such Note Holder is duly authorized to execute this Agreement for and on behalf of such Note Holder. All organizational action required to be taken to authorize (i) the execution and delivery of this Agreement by the undersigned individual for and on behalf of such Note Holder and (iii) the performance by such Note Holder of such Note Holder’s obligations hereunder has been taken.

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(vii) Accredited Investor. Such Note Holder is an Accredited Investor, as such term is defined in Regulation D promulgated under the Securities Act.

(ix) Legends. To the extent applicable, each certificate or other document evidencing any of the Securities shall be endorsed with the legends substantially in the form set forth below:

The following legend under the Securities Act:

Also, the Corporation shall endorse such certificates with each legend imposed or required by the Corporation’s Articles of Organization or applicable state securities laws.

3.	Definitions:
(a)	“Commission” shall mean the U.S. Securities and Exchange Commission.
---	---
(b)	The Conversion Formula is as follows:
---	---
Promissory<br>Note Amount	=	shares of Common Stock to be converted
---	---	---

Conversion Price

(c)	“Conversion Price” shall mean $1.00 per share of Common Stock.

(d) “Person” shall mean any natural person, trust, corporation, partnership, limited partnership, limited liability company, unincorporated association or other entity.

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(e)	“Securities Act” shall mean the Securities Act of 1933, as amended.

5. Governing Law. This Agreement shall be governed by the laws of the State of California, without reference to the choice of laws rules of such state.

6. Attorneys’ Fees. In the event any party hereto fails to perform any of its obligations under this Agreement or the transactions contemplated hereby or in the event a dispute arises concerning the meaning or interpretation of any provision of this Agreement, the defaulting party or the party not prevailing in such dispute, as the case may be, shall pay any and all reasonable costs and expenses incurred by the other party in enforcing or establishing its rights hereunder, including court costs and reasonable attorneys’ fees.

7. Successors and Assigns. This Agreement shall be binding upon each party hereto and its respective successors and assigns.

8. Severability. If any term or provision of this Agreement or any application thereof shall be held invalid or unenforceable, the remainder of this Agreement and any other application of such term or provision shall not be affected thereby.

9. Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof, and may not be changed or modified except by an agreement in writing signed by the parties hereto. The Corporation and Match hereby agree that all prior or contemporaneous oral understandings, agreements or negotiations relative to the subject matter hereof are merged into and revoked by this Agreement.

10. Interpretation. All provisions of this Agreement shall be interpreted according to their fair meaning and shall not be strictly construed against any party.

11. Counterparts; Facsimile Signature. This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which, taken together, shall constitute one agreement. An original signature or copy thereof transmitted by facsimile shall constitute an original signature for purposes of this Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.

CORPORATION
AppTech<br>Corporation, a Wyoming corporation
By:
Name:	Luke D’Angelo
Title:	Chief Executive Officer
CREDITOR
By:
Name:	Robert Davis

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Exhibit 99.1

APPTECH CORP. CONVERTS OR CURES DEFAULT ON VAST MAJORITY OF OUTSTANDING DEBT

CARLSBAD, Calif., October 4, 2021 – AppTech Corp. (“AppTech”) (OTC: APCX) a fintech company, announced today that the Company converted or cured the default on vast majority of its previously defaulted debt. To aid in its endeavor of listing on a national exchange to further enhance its financial stability, AppTech negotiated with debt holders to restructure their debt. The negotiations were well received by the debt holders permitting the Company to significantly improve its financial position.

The debt holders were given the opportunity to either convert AppTech’s outstanding debt into shares of common stock at a slight discount from fair market value or forbear all payments and interest for a period of one year in exchange for a one-time equity bonus. To date, through these actions, AppTech removed the default on over $3M in debt. This includes more than $1M being converted. AppTech will continue seeking to improve its financial condition as it progresses towards its goals of an effective public offering, listing to a national exchange and launching its comprehensive financial services platform.

About AppTech (OTC:APCX)

AppTech Corp. (OTC: APCX) is a financial technology company utilizing innovative payment processing and digital banking technologies to complement our core merchant services capabilities. Our patented and proprietary software will provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions and business enterprises. For more information about our company, please visit www.apptechcorp.com.

Forward Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “intend”, “may”, “plan”, “project”, “predict”, “should” and “‘will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties concerning the Company. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts

AppTech Corp. Investor Relations

ir@apptechcorp.com

(760) 707-5955

James S. Painter III

Emerging Markets Consulting, LLC

jamespainter@emergingmarketsllc.com