Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 26

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 26
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 Phnom Penh Center entered into a Lease and Services Agreement with MicroSort International to use MicroSort equipment in
Cambodia (together, the “Lease and Services Agreements”). Pursuant to the Lease and Services Agreements, First Fertility PGS
and Phnom Penh Center each had the exclusive right to utilize the MicroSort equipment and to market and sell MicroSort sperm sorting services
in Thailand and Cambodia, respectively. MicroSort International was responsible for the maintenance of MicroSort equipment and technical
and engineering support. The term of each Lease and Service Agreements was initially from 2019 to 2024, which shall be automatically renewed
for one year unless a written notice of at least 180 days prior to the intended termination date is provided. The consideration under
each of the Lease and Services Agreements was US$9,000 per month after six months.

On January 21, 2025, the Company
entered into a Purchase Agreement with Genetics & IVF Institute, Inc. (“Purchase Agreement”), pursuant to which the
Company purchased all of the Assets (as defined in the Purchase Agreement) and IP Licenses (as defined in the Purchase Agreement) relating
to the MicroSort Business (as defined in the Purchase Agreement) from Genetics & IVF Institute, Inc. for a cash consideration of $750,000
and a share consideration of 125,000 Class A Ordinary Shares (“Share Consideration” and equivalent to 2,500 Class A Ordinary
Shares after Third Reverse Stock Split). The Purchase Agreement is filed as Exhibit 10.30 in this registration statement. MicroSort Lab
Services, LLC (“MicroSort”) was incorporated by Genetics & IVF Institute, Inc. in January 2025 to hold all of the
Assets (as defined in the Purchase Agreement) to be transferred to the Company at closing. The Company’s acquisition of MicroSort
was completed on February 28, 2025, and the Share Consideration was issued to GIVF on the same day.

The flow chart below shows
the process involved in MicroSort:

<div align='center'>10</div>

Preimplantation Genetic Screening

PGS is used in parallel with
an IVF treatment cycle. PGS is the practice of determining the presence of aneuploidy (either too many or too few chromosomes) in a developing
embryo. PGS improves success rates of in vitro fertilization by ensuring the transfer of euploid embryos that have a higher chance of