SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: S-1
Document Type: EX-10.7
Date Filed: 2026-05-15
Accession Number: 0001493152-26-023581
Exchange: 
SIC Code: 7812
SIC Description: Services-Motion Picture & Video Tape Production
URL: https://www.sec.gov/Archives/edgar/data/1900851/000149315226023581/ex10-7.htm

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appointment under this Agreement shall be without payment of damages or compensation (except that you shall be entitled to any accrued Compensation or Expenses properly incurred prior to the date of such termination pursuant to Section 2 of this Agreement). On termination of your appointment under this Agreement, you shall return all property belonging to the Company, any of its subsidiaries or any of its affiliated entities, together with all documents, papers, disks and information, howsoever stored, relating to any of them and used by you in connection with your position with the Company. SECTION 4. Non-Competition. Subject to the proper performance of your obligations to the Company under this Agreement, the articles of incorporation of the Company, its bylaws any applicable law, the Company agrees that Director will be free to accept other appointments and directorships provided that: (a) Prior written approval is obtained from the Board of Directors;

(b)	Such
other appointments and/or directorships do not in any way conflict with the interests of
the Company, its subsidiaries or its affiliated entities and do not restrict the Director
from devoting the necessary time and attention properly to services to be performed under
this Agreement; and

the event that you become aware of any potential conflicts of interest, these must be disclosed
to the Chairman of the Board of Directors as soon as they become apparent.

SECTION
5. Confidential Information.

You agree to maintain in strict confidentiality all trade, business, technical or other information regarding the Company, its subsidiaries,
its affiliated entities and their business affairs including, without limitation, all marketing, sales, technical and business know-how,
intellectual property, trade secrets, identity and requirements of customers and prospective customers, the Company’s methods of
doing business and any and all other information relating to the operation of the Company (collectively, “Confidential Information”).
You shall at no time disclose any Confidential Information to any person, firm, or entity, for any purpose unless such disclosure is
required in order to fulfill your responsibilities as director. You further undertake that you shall not use such Confidential Information
for personal gain.

“Confidential Information” shall not include information that (i) is or becomes part of the public domain other than
as a result of disclosure by you, (ii) becomes available to you on a non-confidential basis from a source other than the Company, provided
that the source is not bound with respect to that information by a confidentiality agreement with the Company, its subsidiaries or its
affiliated entities or is otherwise prohibited from transmitting that information by a contractual legal or fiduciary obligation, or
(iii) can be proven by you to have been in your possession prior to disclosure of the information by the Company. In the even that you
are requested or required (by oral questions, interrogators, requests for information or documents, subpoena, civil investigative demand
or other process) to disclose any Confidential Information, it is agreed that you, to the extent practicable under the circumstances,
will provide the Company with prompt notice of any such request or requirement so that the Company may seek an appropriate protective
order or waive compliance with this Section 5(b). If a protective order or the receipt of a waiver hereunder has not been obtained, you
may disclose only that portion of the Confidential Information which you are legally compelled to disclose.

The obligations of confidentiality under this Section 5 shall survive for a period of one (1) years following the termination of this
Agreement, except with respect to trade secrets, which shall remain subject to confidentiality for so long as they remain trade secrets
under applicable law.

SECTION
6. Company Policies.

Insider Trading Policy. You understand that the Company has adopted an Insider Trading Policy to, among other things, ensure that
trading of the Company’s securities by directors, officers and employees of the Company remains in compliance with applicable securities
and other laws and regulations. Pursuant to this policy, no officer, director or employee may engage in transactions in shares of our
Common Stock during a “quiet period”, which will normally commence on the last day of an interim or annual financial period
and end on the trading day following the issuance of a press release or other document disclosing the results for the period. If you
have information concerning our financial results at any time as a consequence of being a member of any of the committees of the Board
of Directors, you may not engage in transactions in our securities until the information is publicly disclosed. You recognize that some
or all of the Confidential Information may be relevant to the price or value of the Company’s securities, and you will not use
any such Confidential Information in any way that breaches insider trading provisions of any applicable securities laws.

Code of Business Conduct and Ethics. You understand that the Company has adopted a Code of Business Conduct and Ethics to deter
wrongdoing and to promote, among other things, honest and ethical conduct and to ensure to the greatest possible extent that the Company’s
business is conducted in a consistently legal and ethical manner.

Clawback Policy. You understand that the Company has adopted a Policy for Recoupment of Incentive Compensation (the “Clawback
Policy”) relating to annual or short-term incentive compensation, performance-based restricted stock, other performance-based
compensation, and such other compensation as may be designated by resolution of the Board as being subject to the terms of the Clawback
Policy and that all such compensation or remuneration shall be subject to such policy, a copy of which you hereby acknowledge receipt,
and whose terms are hereby incorporated by reference, as such policy may be amended from time to time.

Compliance. You shall procure that you comply at all times with the Company’s Insider Trading Policy, the Company’s
the Code of Business Conduct and Ethics and such other policies as the Board of Directors of the Company may adopt from time to time,
each as in effect from time to time.

SECTION
7. Indemnification. The Company will indemnify and defend Director and hold Director harmless against any liability incurred in
the performance of Director’s service on the Board of Directors pursuant to this Agreement to the fullest extent authorized in
Company’s articles of incorporation, as amended, bylaws, as amended, applicable law and as provided in any indemnification agreements
the Company may enter into with the Director. The Company has or will in a timely manner purchase Director’s and Officer’s
liability insurance, and Director shall be entitled to the protection of any insurance policies the Company maintains for the benefit
of its directors and officers against all costs, charges and expenses in connection with any action, suite or proceeding to which the
Director may be made a party by reason of affiliation with the Company, its subsidiaries, or affiliates or the performance by Director
of the services as a director of the Company pursuant to this Agreement.

SECTION
8. Insurance. The Company will procure and maintain, upon such terms and in such amounts as the Company shall from time to time
determine, directors’ and officers’ liability insurance as soon as possible after the date of this Agreement and will use
commercial reasonable effort to maintain such coverage for the full term of your appointment. Such insurance and tail coverage shall
be maintained at levels at least as favorable as those provided to any other director or officer of the Company.

SECTION
9. Representations on Authority of Parties/Signatories. Each party represents and warrants to the other that:

or it has legal capacity to execute and deliver this Agreement, and

(b)	has
duly executed and delivered this Agreement and that this Agreement constitutes the legal,
valid and binding obligation of such party, enforceable against such party in accordance
with its terms.

SECTION
10. Entire Agreement. This Agreement constitutes the entire agreement between you and the Company and supersedes all previous
agreements, promises, representations and undertakings between both parties, whether written or oral, relating to its subject matter.

SECTION
11. Waivers. The failure of any party at any time to require performance of any provision or to resort to any remedy provided
under this Agreement shall in no way affect the right of that party to require performance or to resort to a remedy at any time thereafter,
nor shall the waiver by any party of a breach be deemed to be a waiver of any subsequent breach. A waiver shall not be effective unless
it is in writing and signed by the party against whom the waiver is being enforced.

SECTION
12. Amendments. This Agreement may be amended or modified only by a written instrument signed by the Director and by a duly authorized
representative of the Company.