Item 1.01 Entry into a Material Definitive Agreement

On August 21, 2020, AppTech Corp. (“AppTech”) entered into a Strategic Partnership Agreement and Option Purchase Agreement (the “Initial Agreements”) with Silver Alert Services LLC, doing business as LifeLight Systems (“Silver Alert”). AppTech believes this partnership is the right opportunity to expand its operations into the burgeoning telehealth and remote patient monitoring markets. By leveraging both companies’ strengths and providing advanced technological solutions for the telehealth, namely remote patient monitoring, the companies foresee rapid expansion and adoption of the product offering.

The December 30, 2020, the parties amended the Initial Agreements. The amendments altered and/or added certain definitions and the loan disbursements in the strategic partnership agreement and incorporated a vesting schedule related to the gross revenue generated from the partnership. Further on March 29, 2021, the parties further amended the Initial Agreements reducing the options by 1,000,000 (one million).

On April 27, 2021, AppTech and Silver Alert executed amended and restated Partnership Agreements (“Amended 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 an equity transaction whereby AppTech receives a 70% (seventy percent) ownership in Silver Alert upon certain revenue goals being achieved with no additional payment to Silver Alert. Further, upon the occurrence of the revenue goals, the revenue sharing between the companies shall be altered resulting in the Company retaining 70% (seventy percent).