AppTech Payments Amends $360,000 Convertible Note with Eleven 11 Management

Reuters12-11 19:03
AppTech Payments Amends $360,000 Convertible Note with Eleven 11 Management

AppTech Payments Corporation has amended its existing Senior Unsecured Convertible Promissory Note with Eleven 11 Management LLC. Under the new terms, the maturity date of the $360,000 note has been extended to January 16, 2026. The amended payment schedule requires AppTech to pay $50,000 of the principal on December 5, 2025, $200,000 on December 20, 2025, and the remaining $110,000 on January 16, 2026. Additionally, $20,000 in outstanding interest will be due on the new maturity date. The amendment also stipulates that Eleven 11 Management LLC cannot convert any part of the principal or interest into equity unless AppTech defaults on a payment.

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