Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 42

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 42
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aking and liquidate our tokens. This lock-up                  
 period limits our ability to react to adverse market conditions, subjecting us to significant market timing risk and potential illiquidity 
 during periods of volatility.                                                                                                              |

| ● | Operational and Validator Risks: Our                                                                                                         
 ability to earn rewards is dependent on the performance and reliability of the third-party validators we delegate to. If a validator fails   
 to perform its functions (e.g., through downtime or malicious activity), our share of staking rewards may be reduced or slashed (penalized). 
 We bear costs for this service, typically validator commissions of 0-10% of rewards earned.                                                  |

26

| ● | Custodial                                                                                        
 and Security Risks: All our SOL holdings are custodied with OSL Group Limited (“OSL”),           
 a Hong Kong Stock Exchange listed company (0863.HK). We have opened a corporate account          
 with OSL, and our custody arrangements are in accordance with OSL’s general terms and            
 conditions. Under the general terms and conditions, OSL’s associated entity, OSL Custody         
 Services Limited (“OCSL”), a wholly owned subsidiary of OSL with a trust or company              
 service provider licence under the Anti-Money Laundering and Counter-Terrorist Financing         
 Ordinance (Cap. 615 of the Laws of Hong Kong), holds our virtual assets on trust for us in       
 a segregated omnibus account designated as a client or trust account established for the         
 purpose of holding client assets. OCSL has the duty to convey the assets under trust to us       
 as per our instructions, and is required to maintain records which identify our assets, While    
 OSL is a qualified third-party custodian that provides segregated accounts and comprehensive     
 cold storage insurance, the loss of private keys, a security breach, operational failure,        
 or insolvency of the custodian could lead to a partial or total loss of our assets. In addition, 
 although OSL provides institutional-grade proprietary insurance coverage of up to USD 1 billion, 
 in compliance with Hong Kong Securities and Futures Commission requirements, this insurance      
 coverage is shared by its other customers and could result in the coverage being insufficient    
 to compensate us for our losses.                                                                 |

| ● | Regulatory Uncertainty: The regulatory                                                                                                         
 landscape for digital assets and staking activities, particularly in the U.S., is evolving rapidly. New laws, regulations, or regulatory       
 interpretations could deem our activities non-compliant, subject us to penalties, or force us