Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 109

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 109
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 may have the right to seek damages in the Company’s
name if a duty owed by the Company’s directors is breached. The functions and powers of the Board include, among other things,
(i) convening shareholder meetings at such times and in such manner and places as the director considers necessary or desirable,
(ii) declaring dividends, (iii) appointing directors or officers and determining their terms of offices and responsibilities,
and (iv) approving the transfer of shares of the Company, including the registering of such shares in the Company’s share
register.

Terms of Directors and Officers

The Company’s officers
are elected by and serve at the discretion of the Board. Each director holds office for the term fixed by the resolution of shareholders
or the resolution of directors appointing him until such time as his successor takes office or until the earlier of his death, resignation
or removal from office by resolution of directors with or without cause or be removed by the shareholders for cause only by a resolution
approved at a duly convened and constituted meeting of the shareholders of the Company by the affirmative vote of not less than 75% of
the votes of the shares entitled to vote thereon which were present at the meeting and were voted. The directors may at any time appoint
any person to be a director either to fill a vacancy or as an addition to the existing directors. Where the directors appoint a person
as director to fill a vacancy, the term shall not exceed the term that remained when the person who has ceased to be a director ceased
to hold office. A vacancy in relation to directors occurs if a director dies or otherwise ceases to hold office prior to the expiration
of his term of office.

Interested Transactions

A director may, subject to
any separate requirements for Audit Committee approval under applicable laws or applicable Nasdaq Stock Market Listing Rules, vote on
a matter relating to the transaction in which he or she is interested, provided that the interest of any directors in such transaction
is disclosed by him or her to all other directors.

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Director Agreements

We have entered into director
agreements with our directors, which require us to maintain director and officer liability insurance for our directors, provide reimbursements
for business related travel and accommodation and other reasonable expenses, and an annual remuneration of between $20,000 to $25,000
for our independent directors, and a total of $250,000 and $380,000 for both of our executive directors in the years of 2023