AppTech Payments issues $360K convertible note with 20% OID to accredited investor

AppTech Payments Corp.

Issued $360K principal convertible promissory note with 20% OID, net proceeds ~$292.5K after fees.
Note matures in 6 months, bears 10% interest, convertible at $2.00/share; redemption at 100% of principal plus interest.
Non-accountable fee of $7,500 withheld from purchase price; placement and legal fees also paid.
Conversion capped at 4.99% beneficial ownership, adjustable to 9.99% with 61-day notice.
3.6M shares reserved for conversion; default triggers 18% interest and acceleration.

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