AppTech issues $360K convertible note with Labrys Fund; conversion price can drop to 80% of VWAP

AppTech Payments Corp.

Gross proceeds $300K after $60K original issue discount; 10% interest, 12-month maturity.
Conversion price initially $2.00, after Apr 21, 2026 lower of $2.00 or 80% of lowest VWAP.
Default triggers 115% of outstanding principal plus accrued interest, immediate acceleration.
Beneficial ownership cap 4.99% (may be increased to 9.99% on 61 days' notice).
Shares issuable upon conversion unregistered; piggy-back registration rights granted.

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