Item 1.01 Entry into a Material Definitive Agreement 

On October 02, 2020, AppTech Corp. (“AppTech”) entered into strategic partnership through a series of agreements (“Initial Agreements”) with NEC Payments B.S.C. (c) (“NECP”). NECP offers digital banking and payment technology solutions. Through the deployment of NECP’s technologies, AppTech’s management believes it will extend its product offering to include flexible, scalable, and secure payment acceptance and issuer payment processing that supports the digitization of business and consumer financial services. Further, NECP will assist AppTech in completing the development of its text payment solution and, to do so, AppTech is licensing its patents to NECP enabling them to customize and provide best-in-class software that complements AppTech’s intellectual property.

On February 11, 2021, AppTech and NECP executed amended and restated agreements (“Amended Agreements”) for three of the original four agreements which amend, restate and replace the Initial Agreements in their entirety with the Amended Agreements as of the Effective Date.

The Amended Agreements include:

 The Amended and Restated Agreements state, among other things:

 All terms of this agreement are contingent upon AppTech receiving funding within a specific period of time, as described in the Amended Agreements. Assuming certain contingencies are satisfied, unless terminated by one of the parties, the term of the Agreements are for five (5) years and the Agreements provide renewal terms.