Company: NIVFW
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038045
Chunk: 204

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-01
Form: F-1/A
Chunk 204
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4   |     | March 1, 2029    |
| JAK & affiliated holders |     |           | 1,500,000 |     |            | 0.686 |     |        | 14.75 | % |     | November 11, 2024 |     | May 10, 2029     |
| Total                    |     |           | 3,150,000 |     |            |       |     |        |       |   |     |                   |     |                  |

During the year ended December 31, 2024, a total
of $ of convertible promissory notes were issued with a discount of %. These Notes are to be settled by way of cash or may be
converted to Class A ordinary shares. The conversion of these notes are subject to certain criterions as mentioned in the Convertible
Note Agreements, which include a beneficiary cap of % of shareholdings in the Company by JAK.

F-21

As of December 31, 2024,
$ of convertible notes were converted into ordinary shares by the note holder, thereby increasing our shareholder equity
by the same amount.

The effective interest expense calculated at % amounted to $
and $nil for the year ended December 31, 2024 and December 31, 2023 respectively.

The transaction costs incurred
on issuance of the Notes are capitalized and amortised over the term of the Notes as follows:

| Transaction costs on issuance of Notes |     | December 31, 
 2024         |          |   |     | 2023 |   |
|:---------------------------------------|:----|:-------------|---------:|:--|:----|:-----|:--|
| Balance at beginning of the year       |     | $            |        - |   |     | $    | - |
| Add: capitalized during the year       |     |              |  929,500 |   |     |      | - |
| Less: amortized during the year        |     |              | (281,268 | ) |     |      | - |
| Ending balance                         |     | $            |  648,232 |   |     | $    | - |

The following table sets
forth the Company’s contractual obligations as of December 31, 2024 relating to the convertible notes:

|                    |     | 2024 |           |
| Convertible bonds- |     |      |           |
|