Company: ALDA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001548123-25-000049
Chunk: 7

Company: ATLANTICA INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 amount of the initial transaction-based fee payable to Richland is reduced by the amount of all accrued
but unpaid management fees earned by Richland under the agreement. To date, no transaction-based fee has accrued or is otherwise payable
by the Company to Richland.

Under the Management Services Agreement, the Company
also reimburses Richland for all reasonable out-of-pocket expenses incurred by Richland in providing its services to the Company and indemnifies
Richland and its agents and affiliates for any liabilities that they may incur in connection with providing these services. This expense
reimbursement is payable on April 15, July 15, October 15 and January 15 of each year, with respect to expenses incurred by Richland during
the immediately preceding calendar quarter. To date, no such expenses have been incurred by Richland and, accordingly, no expenses have
been reimbursed by the Company to Richland and no expense reimbursement obligation has been accrued or is otherwise payable by the Company.

A copy of the Management Services Agreement was filed
as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2008; see Part IV, Item 15 of that Report. A copy of the
First Amendment to the Management Services Agreement, which extends the term to April 29, 2029, was filed as an exhibit to our June 30,
2018 Quarterly Report, see Part II, Item 6 of this Report.

ATLANTICA, INC.

Notes to Condensed Unaudited Financial
Statements

June 30, 2025

NOTE 7 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events pursuant
to ASC Topic 855 from the balance sheet date through the date the financial statements were issued, and determined there are no other
events to disclose.

Item 2. Management’s Discussions and Analysis of
Financial Condition and Results of Operations.

Forward-looking Statements

Statements made in this Quarterly Report, which are
not purely historical, are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial
condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital,
and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,”
“expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,”
“intends,” “targets” or similar expressions