Item 1.01 Entry into a Material Definitive Agreement.

On January 11, 2022, Bantec, Inc. (the "Company") entered into a convertible promissory note with Sixth Street Lending, LLC ("Lender") in the principal amount of $53,750.00, (the "January 11, 2022 Note"). The January 11, 2022 Note carries interest at the rate of 10%, matures on January 11, 2023, and is convertible into shares of the Company's common stock, par value $0.0001, at the Lender's election, after 180 days, at a 35% discount, provided that the Lender may not own greater than 4.99% of the Company's common stock at any time.

The Company received funding under the January 11, 2022 Note on January 13, 2022.

The foregoing is a summary of the terms of the January 11, 2022 Note and is qualified in its entirety by the January 11, 2022 Note attached hereto and incorporated herein as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits: The following exhibits are filed with this report:





Exhibit No.                                 Description
10.1            January 11, 2022 Convertible Promissory Note with Sixth Street
              Lending, LLC
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)




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