On May 6, 2021, Matthew Wiles, Chief Operating Officer and a member of the Board of Directors of Bantec, Inc. submitted his resignation from the Company’s Board, from his role as Chief Operating Officer, and from his role as General Manager of Howco Distributing Co. (“Howco”). Mr. Wiles’ resignation was not the result of any disagreement with Howco, the Company, its Board of Directors, or its management. Michael Bannon, the Company’s CEO and Director, will assume Mr. Wiles’ duties until a replacement is selected.