SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: S-1
Document Type: EX-10.13
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/ex10-13.htm

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of Common Stock that would have vested through the end of the then-current fiscal quarter. If the Company terminates this Agreement for Cause, then, the Advisor shall earn such number of shares of Common Stock pro-rated for the number of days he served on the Advisory Board during the applicable fiscal quarter prior to termination, divided by the total number of days in such fiscal quarter. “Termination for Cause” means, at the Company’s option, immediately upon notice to the Advisor, upon the occurrence of any of the following events: i. the Advisor’s conviction of, or guilty plea or a plan of nolo contendere or “no contest” or confession of a felony (other than traffic violations) or other criminal act involving moral turpitude or any other criminal act which adversely affects the business or reputation of Company or its subsidiaries (regardless of whether against the Company or its subsidiaries or affiliates);

material failure of the Advisor to perform his duties after ten (10) days written notice
given by an executive officer of the Company to the Advisor, which notice shall identify
the Advisor’s failure in sufficient detail and grant to the Advisor an opportunity
to cure such failure within such ten (10) day period;

iii.	a
material breach by the Advisor of any of his obligations under the Agreement;

iv.	any
material act of dishonesty or other misconduct by the Advisor against the Company or any
of its subsidiaries or affiliates; or

material violation by the Advisor of any of the policies or procedures of the Company or
any of its subsidiaries or affiliates as such may in effect from time to time; provided,
however, that if such violation is curable, then the Advisor will be given ten (10) days’
written notice and the opportunity to cure such violation.

Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the law of the State of Nevada.
The Advisor irrevocably agrees that the courts of the State of Nevada shall have exclusive jurisdiction in relation to any claim, dispute
or difference concerning this Agreement, the Advisor’s appointment, and any matter arising therefrom and the Advisor irrevocably
waive any right that the Advisor may have to object to an action being brought in those courts, or to claim that the action has been
brought in an inconvenient forum, or that those courts do not have jurisdiction.

Arbitration. Notwithstanding the foregoing, either the Advisor or the Company may elect to resolve any claims and disputes arising
under or relating to this Agreement by binding arbitration in the State of Nevada or another location mutually agreeable to the Advisor
and the Company. The arbitration shall be conducted on a confidential basis pursuant to the Commercial Arbitration Rules of the American
Arbitration Association. The seat of arbitration shall be Las Vegas, State of Nevada. The arbitration shall be conducted before a single
arbitrator, experienced in corporate law matters and mutually agreed to by the Advisor and the Company. An award of arbitration may be
confirmed in a court of competent jurisdiction. Any decision or award as a result of any such arbitration proceeding shall be in writing
and shall provide an explanation for all conclusions of law and fact and shall include the assessment of costs, expenses, and reasonable
attorneys’ fees. Any arbitration pursuant to this Section may, at Advisor’s election, be conducted by video conference or
other remote means to the fullest extent permitted by the Commercial Arbitration Rules of the American Arbitration Association, and the
arbitrator shall award the prevailing party its reasonable attorneys’ fees and costs.

Entire Agreement; Amendment and Waiver; Survival. This Agreement constitutes the entire agreement between the parties hereto with
respect to the Advisor’s engagement and supersedes all prior verbal and written agreements and understandings related thereto.
This Agreement may be amended only by a written agreement executed by all of the parties hereto. Waiver of or failure to exercise any
rights provided by this Agreement and in any respect shall not be deemed a waiver of any further or future rights. The provisions of
this Agreement shall survive the termination of this Agreement.

Assignment. Any assignment of this Agreement without the express written consent of all parties hereto, which consent shall not
be unreasonably conditioned, withheld or delayed, shall be void.

Notices. Any notice, request, instruction, or other document required by the terms of this Agreement, or deemed by any of the
parties hereto to be desirable, to be given to any other party hereto shall be in writing and shall be given by personal delivery, overnight
delivery, mailed by registered or certified mail, postage prepaid, with return receipt requested, or sent by electronic mail (with receipt
confirmed) to the addresses or email address of the parties as follows:

to the Company:

Ambitious
Entertainment, Inc.

W 6th Avenue

Vancouver,
British Columbia V5Y 1K6

Canada

Attention:
Kirk E. Shaw, Co-President and Interim Chief Executive Officer

E-mail:

to the Advisor:

Ira
Kurgan

E-mail:

The
persons and addresses set forth above may be changed from time to time by a notice sent as aforesaid. If notice is given by personal
delivery or overnight delivery in accordance with the provisions of this Section, such notice shall be conclusively deemed given at the
time of such delivery provided a receipt is obtained from the recipient. If notice is given by mail in accordance with the provisions
of this Section, such notice shall be conclusively deemed given upon receipt and delivery or refusal. If notice is given by electronic
mail transmission in accordance with the provisions of this Section, such notice shall be conclusively deemed given at the time of delivery
if between the hours of 9:00 a.m. and 5:00 p.m. Pacific time on a business day and if not during such times on a business day, at 9:00
a.m. on the next business day following delivery, provided a delivery confirmation is obtained by the sender.

Severability. If any provision hereof is held to be illegal, invalid, or unenforceable during the term hereof, such provision
shall be fully severable. This Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision had
never comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not be affected by
the illegal, invalid, or unenforceable provision or by its severance wherefrom.

Indemnification. The Company shall indemnify, defend, protect and forever hold harmless
the Advisor (the “Indemnified Party”) from and against any and all losses, claims, actions, damages, and liabilities,
joint or several, to which such Indemnified Party may become subject under any applicable statute, law, ordinance, regulation, rule,
code, order, constitution, treaty, common law, judgment, or decree, made by any third party or otherwise, relating to or arising out
of the services or other matters referred to in or contemplated by this Agreement or the engagement of such Indemnified Party pursuant
to, and the performance by such Indemnified Party of, the services or other matters referred to or contemplated by this Agreement, and
the Company will reimburse any Indemnified Party for all costs and expenses, including, without limitation, attorneys’ fees and
expenses, as they are incurred in connection with the investigation of, preparation for, or defense of any pending or threatened claim,
or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. Notwithstanding the foregoing,
such indemnification shall apply to the fullest extent permitted by law and shall include, without limitation, any losses, claims, actions,
damages, and liabilities, joint or several, arising from Advisor’s good faith performance of duties under this Agreement, except
to the extent resulting from Advisor’s gross negligence or willful misconduct. The Company shall advance expenses, including attorneys’
fees, incurred by Advisor in connection with any claim covered by this Section 14, upon receipt of Advisor’s written undertaking
to repay such advances if it is ultimately determined by a final, non-appealable judgment of a court of competent jurisdiction that Advisor
is not entitled to indemnification under this Section 14. This indemnification shall survive termination of this Agreement and shall
be in addition to any rights to indemnification the Advisor may have under applicable law, the Company’s governing documents, or
otherwise. To the maximum extent permitted by applicable law, in no event shall the Advisor’s aggregate liability to the Company
or any of its affiliates arising out of or relating to this Agreement or the services performed under this Agreement exceed the aggregate
amount of Compensation actually paid to the Advisor hereunder; provided that this limitation shall not apply to any damages finally determined
by a court of competent jurisdiction to have resulted from the Advisor’s gross negligence or willful misconduct.