Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 19

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 19
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 4 - COMMON STOCK

On January 26, 2007, the majority stockholders of
the Company voted in favor of amending and restating the Company’s Articles of Incorporation to change the total number of shares
which the corporation shall be authorized to issue to 60,000,000 shares of capital stock, such total number of shares shall consist of50,000,000shares of $0.0001par value common voting stock and10,000,000shares of preferred stock, having a par value of $0.0001per
share.

NOTE 5 - RELATED PARTY TRANSACTIONS

Expenses during the years ended December 31, 2007
through December 31, 2024 were paid by Mirabella Holdings, LLC, the Company's majority shareholder, and recorded as loans related party
totaling $762,407at December
31, 2024. Expenses of $48,754were
paid during the year ended December 31, 2024. The accrued interest related to the outstanding loans was $1,126,269as of December 31, 2024, and $951,413as of
December 31, 2023. The loans are evidenced by a promissory note, are unsecured, are due on demand and accrue interest at the rate of10% per annum,
compounded quarterly. No payments were made during the year ended December 31, 2024. Accrued interest for the year ended December 31,
2007 was immaterial and has been accrued in each of the years ended December 31, 2008 through December 31, 2023. The note was issued
by the Company on April 29, 2009 and covers all loans made by Mirabella Holdings, LLC to the Company since November 6, 2007, as well
as all loans made since that date and any such loans that may be made by Mirabella Holdings, LLC in the future. A copy of the note was
filed as an exhibit to our Annual Report for the year ended December 31, 2008; see Part IV, Item 15 of this Report.

Pursuant to the Management Services Agreement (the “ Management Services
Agreement”) with Richland, Gordon & Company, (“ Richland”) accrued management fees payable to Richland totaling
$120,000during the year ended December 31, 2024, which fees, along with any other management fees