Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 275

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 275
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 |     | Principal 
 Amount    |           |     | Conversion 
 Price      |       |     | Coupon 
 Rate   |       |   |     | Issuance     
 Date         |     | Maturity     
 Date         |
|:-------------------------|:----|:----------|----------:|:----|:-----------|------:|:----|:-------|------:|:--|:----|:-------------|:----|:-------------|
| JAK & affiliated holders |     | $         | 3,150,000 |     |            | 0.830 |     |        | 10.00 | % |     | June 3, 2025 |     | June 3, 2028 |

During the six months period
ended June 30, 2025, a total of $5,200,000 of convertible promissory notes were issued with a discount of 7%. These Notes are to be settled
by way of cash or may be converted to Class A ordinary shares. The conversion of these notes is subject to certain criterions as mentioned
in the Convertible Note Agreements, which include a beneficiary cap of 9.9% of shareholdings in the Company by JAK.

Subsequently, on July 16,
2025, a total of $2,000,000 of convertible notes were issued with a discount of 7%, interest rate of 14.75% with a maturity date at January
16, 2030.

<div align='center'>F-53</div>

During the year ended December
31, 2024, a total of $2,650,000 of convertible notes were converted into 7,021 (adjusted by three Reverse Stock Splits in 2025) ordinary
shares by the note holder, thereby increasing our shareholder equity by the same amount.

During the six months period
ended June 30, 2025, a total of $4,600,000 of convertible notes were converted into 360,965 ordinary shares by the note holder, thereby
increasing our shareholder equity by the same amount.

The effective interest expense
calculated at 16.96 % amounted to $125,489 and $765,177 for the period ended June 30, 2025 and December 31, 2024 respectively.

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

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