SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: S-1
Document Type: EX-10.11
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/ex10-11.htm

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Exhibit 10.11

SECURITIES
PURCHASE AGREEMENT

This
Securities Purchase Agreement (this “Agreement”) is entered into and made effective as of April 1, 2026, by and among
Ambitious Entertainment, Inc., a Nevada corporation (the “Company”), each purchaser identified on the signature pages
hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).

RECITALS

WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to an exemption from the registration requirements of Section
5 of the Securities Act contained in Section 4(a)(2) thereof and/or Rule 506(b) of Regulation D thereunder, the Company desires to issue
and sell to each Purchaser, and each Purchaser, severally and not jointly, desires to purchase from the Company, securities of the Company
as more fully described in this Agreement;

WHEREAS,
the Company has authorized a new series of convertible preferred stock of the Company designated as Series A Convertible Preferred Stock,
par value $0.0001 per share (together with any convertible preferred shares issued in replacement thereof in accordance with the terms
thereof, the “Series A Preferred Stock”), the terms of which are set forth in the Certificate of Designations, Preferences
and Rights of the Series A Convertible Preferred Stock of the Company filed with the Secretary of State of the State of Nevada (the “Series
A COD”);

WHEREAS,
the Company desires to sell up to 69 units (each, a “Unit” and collectively, the “Units”), with
each unit consisting of (i) 10,000 shares of its Series A Preferred Stock; and (ii) 100,000 warrants to purchase 100,000 shares of its
Common Stock, par value $0.0001 per share (the “Common Stock”) (each a “Warrant” and collectively,
the “Warrants”), with each Warrant exercisable for up to 100,000 shares of Common Stock (each such share, a “Warrant
Share” and collectively, the “Warrant Shares”) at the exercise price set forth in such Warrant for a term
of three (3) years from the date of issuance, substantially in the form attached hereto as Exhibit “A”, at a purchase
price of US$32,000 per Unit (the “Purchase Price”), upon the terms and subject to the conditions contained in this
Agreement; and

WHEREAS,
each Purchaser desires to purchase, and the Company desires to sell, upon the terms and conditions set forth herein, such number of Units
as specified below such Purchaser’s name on the signature page of this Agreement.

AGREEMENT

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt
and adequacy of which are hereby acknowledged, the Company and each Purchaser agree as follows:

ARTICLE

DEFINITIONS

Definitions. For the purposes of this Agreement, the following words and phrases have the meanings set forth in this Section 1.1:

“Acquiring
Person” shall have the meaning ascribed to such term in Section 4.5.

“Action”
shall have the meaning ascribed to such term in Section 3.1(j).

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person as such terms are used in and construed under Rule 405 under the Securities Act.

“Agreement”
shall have the meaning ascribed to such term in the preamble.

“BHCA”
shall have the meaning ascribed to such term in Section 3.1(pp).

“Board
of Directors” or “Board” means the board of directors of the Company.

“Charter”
means the Certificate of Incorporation of the Company.

“Closing”
shall have the meaning ascribed to such term in Section 2.2.

“Closing
Date” means, as to each Purchaser, the date on which all of the Transaction Documents have been executed and delivered by the
applicable parties thereto and all conditions precedent to (i) such Purchasers’ obligations to pay the Subscription Amount and
(ii) the Company’s obligations to issue and deliver the Securities have been satisfied or waived, which date shall be no later
than the second (2nd) Business Day following the date hereof, unless otherwise agreed by the Company and such Purchasers.

“Closing
Price” means, for any security on any Trading Day, (i) the official closing price for such security on the Principal Market,
as reported by Bloomberg or, if not available, as reported by OTC Markets Group Inc. (or any successor), or (ii) if no such trade price
is available for that Trading Day, the fair market value of such security as determined in good faith by the Board of Directors of the
Company.

“Common
Stock” means the common stock of the Company, par value $0.0001 per share, and any other class of securities into which such
securities may hereafter be reclassified or changed.

“Common
Stock Equivalents” means any securities of the Company or its Subsidiaries which would entitle the holder thereof to acquire
Common Stock at any time, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is
at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

“Company”
shall have the meaning ascribed to such term in the preamble. “Consent” shall have the meaning ascribed to such term
in Section 4.6.

“Conversion
Shares” means the shares of Common Stock issuable upon conversion of the Series A Shares.

“Disqualification
Event” shall have the meaning ascribed to such term in Section 3.1(ll).

“DTC”
shall have the meaning ascribed to such term in Section 3.1(w).

“Effective
Date” shall have the meaning ascribed to such term in Section 4.1(c).

“Environmental
Laws” shall have the meaning ascribed to such term in Section 3.1(m).

“Evaluation
Date” shall have the meaning ascribed to such term in Section 3.1(s).

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

“Exempt
Issuance” means (a) equity securities issued by reason of a dividend, stock split, split-up or other distribution on Common
Stock, (b) Common Stock or rights, warrants or options to purchase Common Stock issued to employees or directors of, or consultants or
advisors to, the Company or any of its Subsidiaries pursuant to a plan, agreement or arrangement approved by the Board of Directors,
(c) Common Stock or rights, warrants or options to purchase Common Stock issued to a seller of stock or assets to the Company or any
of its subsidiaries as acquisition consideration pursuant to the acquisition of another corporation by the Company by merger, purchase
of substantially all of the assets or other reorganization or to a joint venture agreement, (d) Common Stock or rights, warrants or options
to purchase Common Stock issued to banks, equipment lessors or other financial institutions, or to real property lessors, pursuant to
a debt financing, equipment leasing or real property leasing transaction resulting in aggregate proceeds, in a single or multiple transactions,
not to exceed $1,000,000.00, or (e) securities issued or issuable pursuant to this Agreement or any other Transaction Document, including,
without limitation, (i) the issuance of Series A Preferred Stock, (ii) the issuance of Conversion Shares upon conversion of shares of
Series A Preferred Stock, and (iii) the issuance of Warrant Shares upon the exercise of the Warrants, in each case in accordance with
the terms of the applicable Transaction Documents, as in effect on the date hereof, provided, that, in the case of clauses (d) and (e),
such securities shall not constitute an Exempt Issuance if the terms of such securities have been amended to increase the number of shares
issuable thereunder, decrease the applicable exercise, exchange or conversion price, or extend the term thereof.

“FCPA”
means the Foreign Corrupt Practices Act of 1977, as amended.

“Federal
Reserve” shall have the meaning ascribed to such term in Section 3.1(pp).

“GAAP”
shall have the meaning ascribed to such term in Section 3.1(h).

“Hazardous
Materials” shall have the meaning ascribed to such term in Section 3.1(m).

“Indebtedness”
shall have the meaning ascribed to such term in Section 3.1(aa).

“Intellectual
Property” means all of the following in any jurisdiction throughout the world: (a) all inventions (whether patentable or
unpatentable and whether or not reduced to practice), all improvements thereto, and all U.S. and foreign patents, patent
applications, and patent disclosures, together with all reissuances, continuations, continuations-in-part, revisions, extensions,
and reexaminations thereof, (b) all trademarks, service marks, brand names, certification marks, trade dress, logos, trade names,
domain names, assumed names and corporate names, together with all colorable imitations thereof, and including all goodwill
associated therewith, and all applications, registrations, and renewals in connection therewith, (c) all copyrights, and all
applications, registrations, and renewals in connection therewith, (d) all trade secrets under applicable state laws and the common
law and know-how (including formulas, techniques, technical data, designs, drawings, specifications, customer and supplier lists,
pricing and cost information, and business and marketing plans and proposals), (e) all computer software (including source code,
object code, diagrams, data and related documentation), and (f) all copies and tangible embodiments of the foregoing (in whatever
form or medium).

“Issuer
Covered Person” and “Issuer Covered Persons” shall have the meanings ascribed to such terms in Section