Quanta, Inc. announced that it has entered into a securities purchase agreement for a private placement of convertible note for gross proceeds of $75,000 on November 12, 2021. The transaction included participation from returning investor Trillium Partners LP. The company also issued warrants to purchase Common Shares of the Company in favor of Investor exercisable into 8,250,000 shares of Common Shares.

The notes are issued at a Principal Amount of $82,500 and issued at an original discount of 9.090%. 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 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.