Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 148

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 148
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 price of the Ordinary Shares over
the most recent five business days immediately prior to the receipt of the notice. White Lion may waive such limits under any notice at
its discretion and purchase additional shares.

The price to be paid by White
Lion for any shares that the Company requires White Lion to purchase will depend on the type of purchase notice that the Company delivers.
For shares being issued pursuant to a Regular Purchase Notice, the purchase price per share will be the lower of (i) the closing price
of Ordinary Shares prior to the receipt of the applicable Purchase Notice, or (ii) the product of (a) the lowest daily VWAP of the Ordinary
Shares during the Regular Purchase Valuation Period (as defined in the White Lion Purchase Agreement), and (b) 98%.

For shares being issued pursuant
to a Rapid Purchase Notice, the Company may opt for the purchase price per share to be (i) equal to the lowest traded price of the Ordinary
Shares on the date that the notice is delivered, or (ii) 97% of the lowest traded price of the Ordinary Shares one hour following White
Lion’s written confirmation of the acceptance of the Rapid Purchase Notice.

No purchase notice shall result
in White Lion beneficially owning (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule
13d-3 thereunder) more than 4.99% (subject to increase, in the sole discretion of White Lion, to 9.99%) of the number of Class A Ordinary
Shares outstanding immediately prior to the issuance of Class A Ordinary Shares issuable pursuant to a purchase notice.

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The Company has the right
to terminate the White Lion Purchase Agreement in the event of a material breach of the White Lion Purchase Agreement by White Lion. The
White Lion Purchase Agreement also automatically terminates upon the earlier of (i) the end of the Commitment Period and (ii) the date
that the Company commences a voluntary bankruptcy proceeding, a custodian is appointed for the Company or for all or substantially all
of its property, or the Company makes a general assignment for the benefit of its creditors.

In consideration for the commitments
of White Lion, as described above, the Company has agreed that it will issue to White Lion 700,000 Class A Ordinary Shares (“Commitment
Shares” and equivalent to 700 Class A Ordinary Shares after Third Reverse Stock Split). Additional Ordinary Shares may be issued