Exhibit
10.3


 


NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.


 


Right
to Purchase 8,250,000 shares of Common Stock of


QUANTA,
INC. (subject to adjustment as provided herein)


 


No. _1


 


Issue
Date:November 12, 2021


 


COMMON
STOCK PURCHASE WARRANT


 


THIS
CERTIFIES THAT, for value received, TRILLIUM PARTNERS L.P., a Delaware limited partnership, or its registered assigns, is entitled
to purchase from QUANTA, INC., a Nevada corporation (the “Company”), at any time or from time to time during the period
specified in Paragraph 2 hereof, 8,250,000 fully paid and nonassessable shares of the Company’s Common Stock, par value $0.001
per share (the “Common Stock”), at an exercise price per share equal to $0.01 (the “Exercise Price”). The term
“Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder. The Warrant Shares and the
Exercise Price are subject to adjustment as provided in Paragraph 5 hereof. The term “Warrants” means this Warrant and the
other warrants issued pursuant to that certain Secured Advance Agreement, dated the date hereof, by and among the Company and the Buyer
(the “Agreement”).


 


This
Warrant is subject to the following terms, provisions, and conditions:


 


1. Manner
of Exercise; Issuance of Certificates; Payment for Shares. Subject to the provisions hereof, this Warrant may be exercised by
the holder hereof, in whole or in part, by the surrender of this Warrant, together with a completed exercise agreement in the form attached
hereto (the “Exercise Agreement”), to the Company during normal business hours on any business day at the Company’s
principal executive offices (or such other office or agency of the Company as it may designate by notice to the holder hereof), and upon
payment to the Company in cash, by certified or official bank check or by wire transfer for the account of the Company of the Exercise
Price for the Warrant Shares specified in the Exercise Agreement. The Warrant Shares so purchased shall be deemed to be issued to the
holder hereof or such holder’s designee, as the record owner of such shares, as of the close of business on the date on which this
Warrant shall have been surrendered, the completed Exercise Agreement shall have been delivered, and payment shall have been made for
such shares as set forth above. Certificates for the Warrant Shares so purchased, representing the aggregate number of shares specified
in the Exercise Agreement, shall be delivered to the holder hereof within a reasonable time, not exceeding three (3) business days, after
this Warrant shall have been so exercised. The certificates so delivered shall be in such denominations as may be requested by the holder
hereof and shall be registered in the name of such holder or such other name as shall be designated by such holder. If this Warrant shall
have been exercised only in part, then, unless this Warrant has expired, the Company shall, at its expense, at the time of delivery of
such certificates, deliver to the holder a new Warrant representing the number of shares with respect to which this Warrant shall not
then have been exercised. In addition to all other available remedies at law or in equity, if the Company fails to deliver certificates
for the Warrant Shares within three (3) business days after this Warrant is exercised, then the Company shall pay to the holder in cash
a penalty (the “Penalty”) equal to 2% of the number of Warrant Shares that the holder is entitled to multiplied by the Market
Price (as hereinafter defined) for each day that the Company fails to deliver certificates for the Warrant Shares.


 




    	 



     


    

 


2. Period
of Exercise. This Warrant is exercisable at any time or from time to time on or after the date on which this Warrant is issued and
delivered pursuant to the terms of the Agreement and before 6:00 p.m., New York, New York time on the fifth (5th) anniversary of the
date of issuance (the “Exercise Period”).


 


3. Certain
Agreements of the Company. The Company hereby covenants and agrees as follows:


 


(a) Shares
to be Fully Paid. All Warrant Shares will, upon issuance in accordance with the terms of this Warrant, be validly issued, fully paid,
and nonassessable and free from all taxes, liens, and charges with respect to the issue thereof.


 


(b) Reservation
of Shares. During the Exercise Period, the Company shall at all times have authorized, and reserved for the purpose of issuance upon
exercise of this Warrant, a suf- ficient number of shares of Common Stock to provide for the exercise of this Warrant.


 


(c) Certain
Actions Prohibited. The Company will not, by amendment of its charter or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed by it hereunder, but will at all times in good faith assist in the carrying out of all
the provisions of this Warrant and in the taking of all such action as may reasonably be requested by the holder of this Warrant in order
to protect the exercise privilege of the holder of this Warrant against dilution or other impairment, consistent with the tenor and purpose
of this Warrant. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any shares of Common
Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect, and (ii) will take all such actions as may
be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock
upon the exercise of this Warrant.


 


(d) Successors
and Assigns. This Warrant will be binding upon any entity succeeding to the Company by merger, consolidation, or acquisition of all or
substantially all the Company’s assets.


 


4. Market
Price. Market Price of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:


 


(a) If
the Company’s Common Stock is traded on an exchange or is quoted on the NASDAQ or the New York Stock Exchange, then the average
of the lowest closing bid price for the Common Stock during the ten (10) trading day period ending one trading day prior to the Determination
Date;


 




    	 



     


    

 


(b) If
the Company’s Common Stock is not traded on an exchange or on the NASDAQ or the New York Stock Exchange, but is traded on the OTC
Bulletin Board or in the over-the- counter market or Pink Sheets, then the lowest closing bid price for the Common Stock during the ten


(10)
trading day period ending one trading day prior to the Determination Date;


 


(c) Except
as provided in clause (d) below, if the Company’s Common Stock is not publicly traded, then as the Holder and the Company agree,
or in the absence of such an agreement, by arbitration in accordance with the rules then standing of the American Arbitration Association,
before a single arbitrator to be chosen from a panel of persons qualified by education and training to pass on the matter to be decided;
or


 


(d)
If the Determination Date is the date of a liquidation, dissolution or winding up, or any event deemed to be a liquidation,
dissolution or winding up pursuant to the Company’s charter, then all amounts to be payable per share to holders of the Common
Stock pursuant to the charter in the event of such liquidation, dissolution or winding up, plus all other amounts to be payable per
share in respect of the Common Stock in liquidation under the charter, assuming for the purposes of this clause (d) that all
of the shares of Common Stock then issuable upon exercise of all of the Warrants are outstanding at the Determination Date.


 


5. Anti-dilution
Provisions. During the Exercise Period, the Exercise Price and the number of Warrant Shares shall be subject to adjustment from time
to time as provided in this Paragraph 5.


 


In
the event that any adjustment of the Exercise Price as required herein results in a fraction of a cent, such Exercise Price shall be
rounded up to the nearest cent.


 


(a) Adjustment
of Exercise Price and Number of Shares upon Issuance of Common Stock. Except as otherwise provided in Paragraphs 5(c) and 5(e) hereof,
if and whenever on or after the date of issuance of this Warrant, the Company issues or sells, or in accordance with Paragraph 5(b) hereof
is deemed to have issued or sold, any shares of Common Stock for no consideration or for a consideration per share (before deduction
of reasonable expenses or commissions or underwriting discounts or allowances in connection therewith) less than the Market Price on
the date of issuance (a “Dilutive Issuance”), then immediately upon the Dilutive Issuance, the Exercise Price will be reduced
to a price determined by multiplying the Exercise Price in effect immediately prior to the Dilutive Issuance by a fraction, (i) the numerator
of which is an amount equal to the sum of (x) the number of shares of Common Stock actually outstanding immediately prior to the Dilutive
Issuance, plus (y) the quotient of the aggregate consideration, calculated as set forth in Paragraph 5(b) hereof, received by the Company
upon such Dilutive Issuance divided by the Market Price in effect immediately prior to the Dilutive Issuance, and (ii) the denominator
of which is the total number of shares of Common Stock Deemed Outstanding (as defined below) immediately after the Dilutive Issuance.


 




    	 



     


    

 


(b) Effect
on Exercise Price of Certain Events. For purposes of determining the adjusted Exercise Price under Paragraph 5(a) hereof, the following
will be applicable:


 


(i) Issuance
of Rights or Options. If the Company in any manner issues or grants any warrants, rights or options, whether or not immediately exercisable,
to subscribe for or to purchase Common Stock or other securities convertible into or exchangeable for Common Stock (“Convertible
Securities”) (such warrants, rights and options to purchase Common Stock or Convertible Securities are hereinafter referred to
as “Options”) and the price per share for which Common Stock is issuable upon the exercise of such Options is less than the
Market Price on the date of issuance or grant of such Options, then the maximum total number of shares of Common Stock issuable upon
the exercise of all such Options will, as of the date of the issuance or grant of such Options, be deemed to be outstanding and to have
been issued and sold by the Company for such price per share. For purposes of the preceding sentence, the “price per share for
which Common Stock is issuable upon the exercise of such Options” is determined by dividing (i) the total amount, if any, received
or receivable by the Company as consideration for the issuance or granting of all such Options, plus the minimum aggregate amount of
additional consideration, if any, payable to the Company upon the exercise of all such Options, plus, in the case of Convertible Securities
issuable upon the exercise of such Options, the minimum aggregate amount of additional consideration payable upon the conversion or exchange
thereof at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares
of Common Stock issuable upon the exercise of all such Options (assuming full conversion of Convertible Securities, if applicable). No
further adjustment to the Exercise Price will be made upon the actual issuance of such Common Stock upon the exercise of such Options
or upon the conversion or exchange of Convertible Securities issuable upon exercise of such Options.


 


(ii) Issuance
of Convertible Securities. If the Company in any manner issues or sells any Convertible Securities, whether or not immediately convertible
(other than where the same are issuable upon the exercise of Options) and the price per share for which Common Stock is issuable upon
such conversion or exchange is less than the Market Price on the date of issuance, then the maximum total number of shares of Common
Stock issuable upon the conversion or exchange of all such Convertible Securities will, as of the date of the issuance of such Convertible
Securities, be deemed to be outstanding and to have been issued and sold by the Company for such price per share. For the purposes of
the preceding sentence, the “price per share for which Common Stock is issuable upon such conversion or exchange” is determined
by dividing (i) the total amount, if any, received or receivable by the Company as consideration for the issuance or sale of all such
Convertible Securities, plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the conversion
or exchange thereof at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number
of shares of Common Stock issuable upon the conversion or exchange of all such Convertible Securities. No further adjustment to the Exercise
Price will be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.


 


(iii) Change
in Option Price or Conversion Rate. If there is a change at any time in (i) the amount of additional consideration payable to the Company
upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or
exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for
Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the
time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible
Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the
time initially granted, issued or sold.


 


(iv) Treatment
of Expired Options and Unexercised Convertible Securities. If, in any case, the total number of shares of Common Stock issuable upon
exercise of any Option or upon conversion or exchange of any Convertible Securities is not, in fact, issued and the rights to exercise
such Option or to convert or exchange such Convertible Securities shall have expired or terminated, the Exercise Price then in effect
will be readjusted to the Exercise Price which would have been in effect at the time of such expiration or termination had such Option
or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination (other than in respect of the
actual number of shares of Common Stock issued upon exercise or conversion thereof), never been issued.


 




    	 



     


    

 


(v) Calculation
of Consideration Received. If any Common Stock, Options or Convertible Securities are issued, granted or sold for cash, the consideration
received therefor for purposes of this Warrant will be the amount received by the Company therefor, before deduction of reasonable commissions,
underwriting discounts or allowances or other reasonable expenses paid or incurred by the Company in connection with such issuance, grant
or sale. In case any Common Stock, Options or Convertible Securities are issued or sold for a consideration part or all of which shall
be other than cash, the amount of the consideration other than cash received by the Company will be the fair value of such consideration,
except where such consideration consists of securities, in which case the amount of consideration received by the Company will be the
Market Price thereof as of the date of receipt. In case any Common Stock, Options or Convertible Securities are issued in connection
with any acquisition, merger or consolidation in which the Company is the surviving corporation, the amount of consideration therefor
will be deemed to be the fair value of such portion of the net assets and business of the non-surviving corporation as is attributable
to such Common Stock, Options or Convertible Securities, as the case may be. The fair value of any consideration other than cash or securities
will be determined in good faith by the Board of Directors of the Company.


 


(vi) Exceptions
to Adjustments of Exercise. No adjustment to the Exercise Price will be made (i) upon the exercise of any warrants, options or convertible
securities granted, issued and outstanding on the date of issuance of this Warrant; (ii) upon the grant or exercise of any stock or options
which may hereafter be granted or exercised to officers, directors, employees, consultants, vendors and other service providers of the
Company, so long as the issuance of such stock or options is approved by a majority of the independent members of the Board of Directors
of the Company or a majority of the members of a committee of independent directors established for such purpose; or (iii) upon the exercise
of the Warrants.


 


(c) Subdivision
or Combination of Common Stock. If the Company at any time subdivides (by any stock split, stock dividend, recapitalization, reorganization,
reclassification or otherwise) the shares of Common Stock acquirable hereunder into a greater number of shares, then, after the date
of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately
reduced. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise)
the shares of Common Stock acquirable hereunder into a smaller number of shares, then, after the date of record for effecting such combination,
the Exercise Price in effect immediately prior to such combination will be proportionately increased.


 


(d) Adjustment
in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Paragraph 5, the number of shares
of Common Stock issuable upon exercise of this Warrant shall be adjusted by multiplying a number equal to the Exercise Price in effect
immediately prior to such adjustment by the number of shares of Common Stock issuable upon exercise of this Warrant immediately prior
to such adjustment and dividing the product so obtained by the adjusted Exercise Price.


 




    	 



     


    

 


(e) Consolidation,
Merger, or Sale. In case of any consolidation of the Company with, or merger of the Company into any other corporation, or in case of
any sale or conveyance of all or substantially all of the assets of the Company other than in connection with a plan of complete liquidation
of the Company, then as a condition of such consolidation, merger or sale or conveyance, adequate provision will be made whereby the
holder of this Warrant will have the right to acquire and receive upon exercise of this Warrant in lieu of the shares of Common Stock
immediately theretofore acquirable upon the exercise of this Warrant, such shares of stock, securities or assets as may be issued or
payable with respect to or in exchange for the number of shares of Common Stock immediately theretofore acquirable and receivable upon
exercise of this Warrant had such consolidation, merger or sale or conveyance not taken place. In any such case, the Company will make
appropriate provision to insure that the provisions of this Paragraph 5 hereof will thereafter be applicable as nearly as may be in relation
to any shares of stock or securities thereafter deliverable upon the exercise of this Warrant. The Company will not effect any consolidation,
merger or sale or conveyance unless prior to the consummation thereof, the successor corporation (if other than the Company) assumes
by written instrument the obligations under this Paragraph 5 and the obligations to deliver to the holder of this Warrant such shares
of stock, securities or assets as, in accordance with the foregoing provisions, the holder may be entitled to acquire.


 


(f) Distribution
of Assets. In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock as a
partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining shareholders entitled
to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise of this Warrant
for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets which would have been
payable to the holder had such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders
entitled to such distribution.


 


(g) Upon
the occurrence of any event which requires any adjustment of the Exercise Price, then, and in each such case, the Company shall give
notice thereof to the holder of this Warrant, which notice shall state the Exercise Price resulting from such adjustment and the increase
or decrease in the number of Warrant Shares purchasable at such price upon exercise, setting forth in reasonable detail the method of
calculation and the facts upon which such calculation is based. Such calculation shall be certified by the Chief Financial Officer of
the Company.


 


(h) No
Fractional Shares. No fractional shares of Common Stock are to be issued upon the exercise of this Warrant, but the Company shall pay
a cash adjustment in respect of any fractional share which would otherwise be issuable in an amount equal to the same fraction of the
Market Price of a share of Common Stock on the date of such exercise.


 


 (i) Other Notices. In case at any time:




 


(i) the
Company shall declare any dividend upon the Common Stock payable in shares of stock of any class or make any other distribution (including
dividends or distributions payable in cash out of retained earnings) to the holders of the Common Stock;


 


(ii) the
Company shall offer for subscription pro rata to the holders of the Common Stock any additional shares of stock of any class or other
rights;


 




    	 



     


    

 


(iii) there
shall be any capital reorganization of the Company, or reclassification of the Common Stock, or consolidation or merger of the Company
with or into, or sale of all or substantially all its assets to, another corporation or entity; or


 


(iv) there
shall be a voluntary or involuntary dissolution, liquidation or winding up of the Company; then, in each such case, the Company shall
give to the holder of this Warrant (a) notice of the date on which the books of the Company shall close or a record shall be taken for
determining the holders of Common Stock entitled to receive any such dividend, distribution, or subscription rights or for determining
the holders of Common Stock entitled to vote in respect of any such reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation or winding-up and (b) in the case of any such reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation or winding-up, notice of the date (or, if not then known, a reasonable approximation thereof by the Company) when the same
shall take place. Such notice shall also specify the date on which the holders of Common Stock shall be entitled to receive such dividend,
distribution, or subscription rights or to exchange their Common Stock for stock or other securities or property deliverable upon such
reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation, or winding-up, as the case may be. Such notice
shall be given at least 30 days prior to the record date or the date on which the Company’s books are closed in respect thereto.
Failure to give any such notice or any defect therein shall not affect the validity of the proceedings referred to in clauses (i), (ii),
(iii) and (iv) above.


 


(j) Certain
Events. If any event occurs of the type contemplated by the adjustment provisions of this Paragraph 5 but not expressly provided for
by such provisions, the Company will give notice of such event as provided in Paragraph 5(g) hereof, and the Company’s Board of
Directors will make an appropriate adjustment in the Exercise Price and the number of shares of Common Stock acquirable upon exercise
of this Warrant so that the rights of the holder shall be neither enhanced nor diminished by such event.


 


 (k) Certain Definitions.




 


(i) “Common
Stock Deemed Outstanding” shall mean the number of shares of Common Stock actually outstanding (not including shares of Common
Stock held in the treasury of the Company), plus (x) pursuant to Paragraph 5(b)(i) hereof, the maximum total number of shares of Common
Stock issuable upon the exercise of Options, as of the date of such issuance or grant of such Options, if any, and (y) pursuant to Paragraph
5(b)(ii) hereof, the maximum total number of shares of Common Stock issuable upon conversion or exchange of Convertible Securities, as
of the date of issuance of such Convertible Securities, if any.


 


(ii) “Common
Stock,” for purposes of this Paragraph 5, includes the Common Stock and any additional class of stock of the Company having no
preference as to dividends or distributions on liquidation, provided that the shares purchasable pursuant to this Warrant shall include
only shares of Common Stock in respect of which this Warrant is exercisable, or shares resulting from any subdivision or combination
of such Common Stock, or in the case of any reorganization, reclassification, consolidation, merger, or sale of the character referred
to in Paragraph 5(e) hereof, the stock or other securities or property provided for in such Paragraph.


 


6. Issue
Tax. The issuance of certificates for Warrant Shares upon the exercise of this Warrant shall be made without charge to the holder
of this Warrant or such shares for any issuance tax or other costs in respect thereof, provided that the Company shall not be required
to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name other
than the holder of this Warrant.


 




    	 



     


    

 


7. No
Rights or Liabilities as a Shareholder. This Warrant shall not entitle the holder hereof to any voting rights or other rights as
a shareholder of the Company. No provision of this Warrant, in the absence of affirmative action by the holder hereof to purchase Warrant
Shares, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder
for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.


 


 8. Transfer, Exchange, and Replacement of Warrant.




 


(a) This
Warrant and the rights granted to the holder hereof are transferable, in whole or in part, upon surrender of this Warrant, together with
a properly executed assignment in the form attached hereto, at the office or agency of the Company referred to in Paragraph 8(e) below,
pro- vided, however, that any transfer or assignment shall be subject to the conditions set forth in Paragraph 8(f) hereof and to the
applicable provisions of the Agreement. Until due presentment for registration of transfer on the books of the Company, the Company may
treat the registered holder hereof as the owner and holder hereof for all purposes, and the Company shall not be affected by any notice
to the contrary.


 


(b) Warrant
Exchangeable for Different Denominations. This Warrant is exchange- able, upon the surrender hereof by the holder hereof at the office
or agency of the Company referred to in Paragraph 8(e) below, for new Warrants of like tenor representing in the aggregate the right
to purchase the number of shares of Common Stock which may be purchased hereunder, each of such new Warrants to represent the right to
purchase such number of shares as shall be designated by the holder hereof at the time of such surrender.


 


(c) Replacement
of Warrant. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant
and, in the case of any such loss, theft, or destruction, upon delivery of an indemnity agreement reasonably satisfactory in form and
amount to the Company, or, in the case of any such mutilation, upon surrender and cancellation of this Warrant, the Company, at its expense,
will execute and deliver, in lieu thereof, a new Warrant of like tenor.


 


(d) Cancellation;
Payment of Expenses. Upon the surrender of this Warrant in connection with any transfer, exchange, or replacement as provided in this
Paragraph 8, this Warrant shall be promptly canceled by the Company. The Company shall pay all taxes (other than securities transfer
taxes) and all other expenses (other than legal expenses, if any, incurred by the holder or transferees) and charges payable in connection
with the preparation, execution, and delivery of Warrants pursuant to this Paragraph 8.


 


(e) Register.
The Company shall maintain, at its principal executive offices (or such other office or agency of the Company as it may designate by
notice to the holder hereof), a register for this Warrant, in which the Company shall record the name and address of the person in whose
name this Warrant has been issued, as well as the name and address of each transferee and each prior owner of this Warrant.


 




    	 



     


    

 


(f) Exercise
or Transfer Without Registration. If, at the time of the surrender of this Warrant in connection with any exercise, transfer, or exchange
of this Warrant, this Warrant (or, in the case of any exercise, the Warrant Shares issuable hereunder), shall not be registered under
the Securities Act of 1933, as amended (the “Securities Act”) and under applicable state securities or blue sky laws, the
Company may require, as a condition of allowing such exercise, transfer, or exchange, (i) that the holder or transferee of this Warrant,
as the case may be, furnish to the Company a written opinion of counsel, which opinion and counsel are acceptable to the Company, to
the effect that such exercise, transfer, or exchange may be made without registration under said Securities Act and under applicable
state securities or blue sky laws, (ii) that the holder or transferee execute and deliver to the Company an investment letter in form
and substance acceptable to the Company and (iii) that the transferee be an “accredited investor” as defined in Rule 501(a)
promulgated under the Securities Act; provided that no such opinion, letter or status as an “accredited investor” shall be
required in connection with a transfer pursuant to Rule 144 under the Securities Act. The first holder of this Warrant, by taking and
holding the same, represents to the Company that such holder is acquiring this Warrant for investment and not with a view to the distribution
thereof.


 


9. Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt
requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery,
telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written
notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated
below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on
the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual
receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:


 


If
to the Company, to:


QUANTA, INC.


632
S. Glenwood Place


Burbank, CA 91505


Attn:
Arthur Mikaelian, Chief Executive Officer


artur@medolife.com


 


If
to the Holder:


TRILLIUM
PARTNERS L.P.


Executive
Pavilion


90 Grove Street


Ridgefield
CT 06877


Attn:
Stephen Hicks, Manager of General Partner


shicks@southridge.com


 




    	 



     


    

 


10. Governing
Law. This Warrant shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Warrant shall
be brought only in the state courts of Nevada or in the federal courts located in the state of Nevada. The parties to this Warrant hereby
irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on
lack of jurisdiction or venue or based upon forum non conveniens. The Company and Holder waive trial by jury. The prevailing party
shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of
this Warrant or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to
conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process
and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document
by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address
in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted
by law.


 


 11. Miscellaneous.




 


(a) Amendments.
This Warrant and any provision hereof may only be amended by an instrument in writing signed by the Company and the holder hereof.


 


(b) Descriptive
Headings. The descriptive headings of the several paragraphs of this Warrant are inserted for purposes of reference only, and shall not
affect the meaning or construction of any of the provisions hereof.


 


(c) Cashless
Exercise. Notwithstanding anything to the contrary contained in this Warrant, this Warrant may be exercised by presentation and surrender
of this Warrant to the Company at its principal executive offices with a written notice of the holder’s intention to effect a cashless
exercise, including a calculation of the number of shares of Common Stock to be issued upon such exercise in accordance with the terms
hereof (a “Cashless Exercise”). In the event of a Cashless Exercise, in lieu of paying the Exercise Price in cash, the holder
shall surrender this Warrant for that 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. For example, if the holder is exercising 100,000 Warrants with a per Warrant exercise price of $0.75 per share through a cashless
exercise when the Common Stock’s current Market Price per share is $2.00 per share, then upon such Cashless Exercise the holder
will receive 62,500 shares of Common Stock.


 


(d) Remedies.
The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the holder, by vitiating the
intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach
of its obligations under this Warrant will be inadequate and agrees, in the event of a breach or threatened breach by the Company of
the provisions of this Warrant, that the holder shall be entitled, in addition to all other available remedies at law or in equity, and
in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this
Warrant and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any
bond or other security being required.


 


IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above.


 


 QUANTA, INC.


 


	By: 		 
	 	Arthur
                                            Mikaelian
    	 
	 	Chief
Executive Officer