Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 181

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 181
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 will be long-term capital gain or loss if the holder’s holding period in
the Class A Ordinary Shares or Warrants exceeds one year at the time of the disposition. Preferential tax rates may apply to long-term
capital gains of non-corporate U.S. Holders (including individuals). The deductibility of capital losses is subject to limitations.
Any gain or loss recognized by a U.S. Holder on the sale or exchange of the Class A Ordinary Shares or the Warrants will generally
be treated as U.S. source gain or loss.

Exercise or Lapse of a Warrant

Except as discussed below
with respect to the cashless exercise of a Warrant, a U.S. Holder generally will not recognize gain or loss upon the acquisition
of an ordinary share of the Company on the exercise of a Warrant for cash. A U.S. Holder’s tax basis in an ordinary share received
upon exercise of the Warrant generally will be an amount equal to the sum of the U.S. Holder’s tax basis in the Warrant exchanged
therefor and the exercise price. The U.S. Holder’s holding period for an ordinary share received upon exercise of the Warrant
will begin on the date following the date of exercise (or possibly the date of exercise) of the Warrants and will not include the period
during which the U.S. Holder held the Warrants. If a Warrant is allowed to lapse unexercised, a U.S. Holder generally will recognize
a capital loss equal to such holder’s tax basis in the Warrant.

<div align='center'>106</div>

The tax consequences of a
cashless exercise of a warrant are not clear under current tax law. A cashless exercise may be tax-free, either because the exercise is
not a gain realization event or because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either
tax-free situation, a U.S. Holder’s basis in the Class A Ordinary Shares received would equal the holder’s basis in the
Warrant. If the cashless exercise were treated as not being a gain recognition event, a U.S. Holder’s holding period in the
Class A Ordinary Shares would be treated as commencing on the date following the date of exercise (or possibly the date of exercise) of
the Warrant. If the cashless exercise were treated as a recapitalization, the holding period of the Class A Ordinary Share would include
the holding period of the Warrant.