Document:

EXHIBIT
10.2

 

SHARE
CANCELLATION AGREEMENT

 

THIS
SHARE CANCELLATION AGREEMENT (“Agreement”) is made effective as of this 16th day of November, 2020 by and between
QUANTA, INC., a Nevada corporation with an address at 3606 W. Magnolia Blvd., Burbank, CA 91505 (“Pubco”)
and Eric Rice, a shareholder in Pubco (“Shareholder”)

 

WHEREAS:

 

	A.	The
    Shareholder is the registered and beneficial owner of 18,030,032 shares of common stock in Pubco;
	 	 
	B.	Shareholder
    has agreed to cancel and return to treasury 17,030,032 shares (the “Shares”) of the Shareholder’s
    common stock in order to assist the Company with its plans to attract experienced management, reorganize into a holding company,
    while transitioning the Company’s existing CBD business operations into a newly formed operating subsidiary, without
    requiring QNTA to further dilute its stock through the issuance of new shares; and
	 	 
	C.	The
    Shareholder is expressly retaining beneficial ownership in the remaining 1,000,000 additional shares in QNTA held in his own
    name, and believes in good faith that by cancelling the Shares, QNTA will have a greater chance of success and by extension,
    the Shareholder will benefit over time due to an increased stock price and expanded market for QNTA stock; and

 

THEREFORE,
in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration (the receipt
and sufficiency of which are hereby acknowledged), the parties covenant and agree as follows:

 

	3.	REPRESENTATIONS
    AND WARRANTIES OF Shareholder and pubco
	 	 
	3.1	Title
    and Authority of Shareholder. The Shareholder is and will be as of the Closing, the registered and beneficial owner of
    and will have good and marketable title to all of 17,030,032 shares held by him and will hold such free and clear of all liens,
    charges and encumbrances whatsoever; and such shares of QNTA Stock held by the Shareholder have been duly and validly issued
    and are fully paid and non-assessable. The Shareholder has due and sufficient right and authority to enter into this Agreement
    on the terms and conditions herein set forth and to cancel the registered, legal and beneficial title and ownership of the
    17,030,032 shares of QNTA Stock held by the Shareholder.
	 	 
	3.2	Capitalization.
    The entire authorized common stock of Pubco consists of 100,000,000 shares of common stock par value $0.001 (the “Pubco
    Common Stock”). All of the issued and outstanding shares of Pubco Common Stock have been duly authorized, are validly
    issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive
    rights and were issued in full compliance with all federal, state, and local laws, rules and regulations.
	 	 
	4.	MISCELLANEOUS
    PROVISIONS
	 	 
	4.1	Further
    Assurances. Each of the parties hereto will co-operate with the others and execute and deliver to the other parties hereto
    such other instruments and documents and take such other actions as may be reasonably requested from time to time by any other
    party hereto as necessary to carry out, evidence, and confirm the intended purposes of this Agreement.
	 	 
	4.2	Amendment.
    This Agreement may not be amended except by an instrument in writing signed by each of the parties.
	 	 
	4.3	Expenses.
    Each party will bear their own respective costs incurred in connection with the preparation, execution and performance of
    this Agreement, including the legal fees, all fees and expenses of agents, representatives and accountants, and other costs
    incurred in connection with the preparation, execution and performance of this Agreement.
	 	 
	4.4	Entire
    Agreement. This Agreement, and the other documents in connection with the Transition to a Holding Company contain the
    entire agreement between the parties with respect to the subject matter hereof and supersede all prior arrangements and understandings,
    both written and oral, expressed or implied, with respect thereto. Any preceding correspondence or offers are expressly superseded
    and terminated by this Agreement.
	 	 
	4.5	Notices.
    All notices and other communications required or permitted under to this Agreement must be in writing and will be deemed given
    if sent by personal delivery, faxed with electronic confirmation of delivery, internationally-recognized express courier or
    registered or certified mail (return receipt requested), postage prepaid, to the parties at the addresses for the parties
    on file with QNTA’s transfer agent.
	 	 
	4.6	Headings.
    The headings contained in this Agreement are for convenience purposes only and will not affect in any way the meaning or interpretation
    of this Agreement.
	 	 
	4.7	Benefits.
    This Agreement is and will only be construed as for the benefit of or enforceable by those persons party to this Agreement.
	 	 
	4.8	Assignment.
    This Agreement may not be assigned (except by operation of law) by any party without the consent of the other parties.
	 	 
	4.9	Governing
    Law. This Agreement will be governed by and construed in accordance with the laws of the State of Nevada applicable to
    contracts made and to be performed therein.
	 	 
	4.10	Counterparts.
    This Agreement may be executed in one or more counterparts, all of which will be considered one and the same agreement and
    will become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties,
    it being understood that all parties need not sign the same counterpart.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF the parties hereto have executed this Share Cancellation Agreement as of the day and year first above written.

 

	QUANTA,
    INC.	 
	 	 	 
	By:	/s/
    Eric Rice	 
	 	Authorized
    Signatory	 
	Name:	Eric
    Rice	 
	Title:	Chief
    Executive Officer	 

 

	SHAREHOLDER	 
	 	 
	/s/
    Eric Rice	 
	Eric
    Rice, holder of 18,030,032	 
	shares
    of Pubco Common StockEXHIBIT
10.3

 

ACTION
BY WRITTEN CONSENT

 

OF
DIRECTORS

 

(Nevada
Revised Statutes 78.315(2))

 

OF

 

QUANTA,
INC.

 

A
Nevada Corporation

 

 

 

The
undersigned Directors of Quanta, Inc., a Nevada Corporation (the “Company”) pursuant to the Nevada Revised Statutes,
hereby consent to the following actions of the Corporation as of the date set forth below:

 

	1.	APPOINTMENT
    OF PHIL SANDS AS CEO
	 	 
	 	RESOLVED:
    That pursuant to the Company’s Transition to a Holding Company, Phil Sands was previously appointed as a member of the
    Company’s Board of Directors. Mr. Sands is hereby also appointed as the Company’s Chief Executive Officer, with
    such appointment as CEO to be effective ten days following the mailing of a Schedule 14F Information Statement to the Company’s
    Shareholders.
	 	 
	2.	RESIGNATION
    OF ERIC RICE FROM ALL OFFICER AND DIRECTOR POSITIONS
	 	 
	 	RESOLVED:
    That pursuant to the closing of the Company’s Transition to a Holding Company, and following the appointment of Mr.
    Sands as CEO, the Company has today received and hereby accepts the attached resignation letter of Eric Rice from all officer
    and director positions with the Company, to be effective ten days following the mailing of the Schedule 14F Information Statement
    to the Company’s Shareholders.
	 	 
	3.
    	OMNIBUS
    RESOLUTION
	 	 
	 	RESOLVED
    FURTHER, that the officers of the Company, and each of them, and such persons appointed to act on their behalf pursuant to
    the foregoing resolutions, are hereby authorized and directed in the name of the Company and on its behalf, to execute any
    additional certificates (including any officer’s certificates), agreements, instruments or documents, or any amendments
    or supplements thereto, or to do or to cause to be done any and all other acts as they shall deem necessary, appropriate or
    in furtherance of the full effectuation of the purposes of each of the foregoing resolutions.

 

Dated:
November 13, 2020

 

	/s/
    Eric Rice	 	/s/
    Phil Sands
	Eric
    Rice, Director	 	Phil
    Sands, Director

 

    	 

    	 

    

 

November
13, 2020

 

To
the Board of Directors of Quanta, Inc.

 

As
Phil Sands was today appointed by the Board of Directors of Quanta, Inc. (the “Company”) as Chief Executive Officer,
(which appointment shall become effective ten days following the mailing of the Schedule 14F to the Company’s Shareholders)
I, Eric Rice, hereby resign from all officer and director positions with the Company (which shall become effective ten days following
the mailing of the Schedule 14F to the Company’s Shareholders), leaving Phil Sands as the Company’s sole officer and
director.

 

My
resignation therefrom was a condition of the Company’s Transition to a Holding Company, and is not due to any disagreement
with the Company or its Board of Directors.

 

Sincerely,

 

	/s/
    Eric Rice	 
	Eric
    Rice	

                                                           

	Eric
    Rice – President & CEOEX-10.1

 Exhibit 10.1 

November 12, 2020 
 Organogenesis Holdings Inc. 

85 Dan Road 
 Canton, Massachusetts 02021 

Attn: Gary S. Gillheeney, Sr., President and Chief Executive Officer 
  

	 	Re:	 Fee Letter Agreement 

Ladies and Gentlemen: 
 This fee letter agreement
(the “Agreement”) confirms the agreement by and among Organogenesis Holdings Inc. (the “Company”), Avista Capital Partners IV, L.P. (“Avista IV”), Avista Capital Partners
(Offshore) IV, L.P. (“Avista IV Offshore” and together with Avista IV, the “Avista Funds”) and Avista Capital Holdings, L.P., an affiliate of the Avista Funds (the “Management
Company”), pursuant to which the Company hereby agrees to pay the Management Company a fee in consideration for certain services rendered in connection with Investments (as defined below) in the Company that may be made by the Avista
Funds. In connection with the Proposed Offering (as defined below), the Company’s underwriters have agreed that they shall not be entitled to a discount or fee for the portion of the aggregate gross proceeds of the Investments sold to the
Avista Funds. In consideration of the valuable services provided by the Management Company in connection with the Proposed Offering, if the Avista Funds participate in the Proposed Offering, the Company shall pay the Management Company a fee in an
amount equal to the portion of the aggregate gross proceeds of the Investments sold to the Avista Funds, if any, multiplied by a rate equal to the rate of the underwriters’ discount or spread in the Proposed Offering without giving effect to
any Investments sold to the Avista Funds. It being understood that no fee shall be payable hereunder if the Avista Funds do not participate in the Proposed Offering or if the Proposed Offering does not close on or before December 31, 2020. As
used herein, “Investments” are defined as the purchase of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), for cash pursuant to a proposed offering of
Common Stock to be made by the Company pursuant to a registration statement on Form S-1 (No. 333-249531) (the “Proposed Offering”). Any fee
payable to the Management Company by the Company hereunder, if any, shall be due and payable within five business days of the closing of the Proposed Offering. 

The Company represents and warrants to the Avista Funds and the Management Company that it has the requisite corporate power and authority and
power to enter into this Agreement and to consummate the transactions contemplated hereby and that such transactions shall not contravene any contractual, regulatory, statutory or other obligation or restriction applicable to the Company. 

Each of the Avista Funds and the Management Company, as to itself only, represents and warrants to the Company that it has the requisite power
and authority to enter into this Agreement and consummate the transactions contemplated hereby and that such transactions shall not contravene any contractual, regulatory, statutory or other obligation or restriction applicable to it. 

This agreement, and any action or proceeding arising out of or relating to this Agreement, shall be exclusively governed by the laws of the
State of Delaware. 
 In the event that any part of this Agreement is declared by any court or other judicial or administrative body to be
null, void or unenforceable, said provision shall survive to the extent it is not so declared, and all of the other provisions of this agreement shall remain in full force and effect. In such an event, the Avista Funds and the Company shall endeavor
in good faith negotiations to modify this agreement so as to affect the original intent of the parties as closely as possible. 

 This Agreement may be executed in two or more counterparts, each of which shall constitute
an original, but all of which, when taken together, shall constitute but one instrument, and shall become effective when one or more counterparts have been signed by each party hereto and delivered to the other parties. 

Please sign to acknowledge agreement with the above terms and return to the undersigned. 

 

			
	Avista Funds:
	
	Avista Capital Partners IV, L.P.
		
	By:	 	 /s/ Robert Girardi

	Name:	 	Robert Girardi
	Title:	 	Partner
	
	Avista Capital Partners (Offshore) IV, L.P.
		
	By:	 	 /s/ Robert Girardi

	Name:	 	Robert Girardi
	Title:	 	Partner
	
	Avista Capital Holdings, L.P.
		
	By:	 	 /s/ Benjamin Silbert

	Name:	 	Benjamin Silbert
	Title:	 	General Counsel

 Acknowledged and agreed to: 

Company: 
 Organogenesis Holdings Inc. 

 

			
	By:	 	 /s/ Henry Hagopian

	Name:	 	Henry Hagopian
	Title:	 	Interim Chief Financial Officer

 Signature Page to Fee Letter Agreement 

  
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