Item 1.01 Entry into a Material Definitive Agreement

On November 12, 2021, Quanta, Inc., a Nevada corporation (the "Company"), entered into a Securities Purchase Agreement (the "Purchase Agreement") with Trillium Partners, L.P., a Delaware limited partnership (the "Investor") pursuant to which the Investor purchased a convertible note in the principal amount of $82,500 (the "Note") and a Warrant to purchase Common Stock of the Company in favor of Investor exercisable into 8,250,000 shares of Common Stock (the "Warrant").

The Note accrues interest at a rate of 12% per annum from the Issue Date and has a Maturity Date of November 12, 2022. The Investor is entitled to, at its option, convert all or any the principal amount and any accrued but unpaid interest of the Note into shares of the Company's Common Stock at a conversion price of $0.01 per share. The Investor has contractually agreed to limit its conversion right so that no conversion may be made that would result in beneficial ownership by the Investor and/or its affiliates of more than 4.999% of the outstanding shares of Common Stock of the Company.

The Warrant is exercisable at a price per share equal to $0.01. The Warrant may also be exercised via cashless exercise by surrendering the Warrant for the number of shares of Common Stock determined by multiplying the number of Warrant Shares to which it would otherwise be entitled by a fraction, the numerator of which shall be the difference between the then current Market Price per share of the Common Stock and the Exercise Price, and the denominator of which shall be the then current Market Price per share of Common Stock.

The foregoing descriptions of the Purchase Agreement, the Note, and the Warrant do not purport to be complete and are qualified in their entirety by reference to the full text of the Purchase Agreement, the Note, and the Warrant, the forms of which are filed as Exhibits 10.1, 10.2, and 10.3, hereto.



Item 9.01 Exhibits.



Exhibit No.   Description
10.1            Securities Purchase Agreement between the Company and Trillium
              Partners L.P. dated November 12, 2021
10.2            Convertible Promissory Note issued to Trillium Partners L.P. dated
              November 12, 2021
10.3            Common Stock Purchase Warrant issued to Trillium Partners L.P.
              dated November 12, 2021
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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