SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: S-1
Document Type: EX-10.4
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/ex10-4.htm

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Exhibit

PROMISSORY
NOTE

(this
“Note”)

Date:
December 31st,2023

Borrower:	Ambitious
Entertainment Inc of, Vancouver,British Columbia (the “Borrower”)

Lender:	Kirk
Shaw. of, Vancouver, British Columbia (the “Lender”)

Principal
Amount:	$255,087.67
USD

1.	FOR
VALUE RECEIVED, The Borrower promises to pay to the Lender at such address as may be provided in writing to the Borrower, the principal
sum of $255,087.67 USD with interest payable on the unpaid principal at the rate of 10 . 00
percent per annum, calculated yearly not in advance, beginning on January 1st, 2024.

2.	This
Note will be repaid as following: when the company gets does a financing with 25% of any financing going towards loan repayment until
it is all paid, or December 31st, 2026 in full.

3.	All
costs, expenses and expenditures including, and without limitation, the complete legal costs incurred by the Lender in enforcing
this Note as a result of any default by the Borrower, will be added to the principal then outstanding and will immediately be paid
by the Borrower. In the case of the Borrower’s default and the acceleration of the amount due by the Lender all amounts outstanding
under this Note will bear interest at the rate of 10.00 percent per annum from the date of demand until paid.

any term, covenant, condition or provision of this Note is held by a court of competent jurisdiction to be invalid, void or unenforceable,
it is the parties’ intent that such provision be reduced in scope by the court only to the extent deemed necessary by that
court to render the provision reasonable and enforceable and the remainder of the provisions of this Note will in no way be affected,
impaired or invalidated as a result.

5.	This
Note will be construed in accordance with and governed by the laws of British Columbia.

Promissory Note

6.	This
Note will ensure to the benefit of and be binding upon the respective heirs, executors, administrators,
successors and assigns of the Borrower and the Lender. The Borrower waives presentment for
payment, notice of non-payment, protest and notice of protest.

the event the Company changes its business structure to a Corporation, it agrees to exchange
this Promissory Note for a Convertible Promissory Note within 10 days.

Kirk Shaw

By:	/s/ Kirk Shaw

Name:	Kirk Shaw

Its:	President

Ambitious
Entertainment Inc.

By:	/s/ Kirk Shaw

Name:	Kirk Shaw

Its:	President