Bantec, Inc. announced that it has entered into an Equity Purchase Agreement with new investor, GHS Investments, LLC that it will purchase company's registered common shares for the gross proceeds of $10,000,000 on October 9, 2023. During the term of the Financing Agreement, the company may at any time deliver a ?put notice? to GHS thereby requiring GHS to purchase a certain dollar amount of the shares.

Simultaneous with the delivery of such Shares, GHS shall deliver payment for the shares. Subject to certain restrictions, the purchase price for the shares shall be 80% of the market price. Following an up-list to the NASDAQ or an equivalent national exchange by the company, the purchase price shall mean 90% of the lowest volume weighted average price during the relevant Pricing Period, subject to a floor of $.0135 per share, below which the company shall not deliver a Put.

The ?Put Amount? shall mean the total dollar amount requested by the Company pursuant to an applicable Put.