Company: NIVFW
Filing Date: 2025-05-15
Form Type: 20-F/A
Source: 0001213900-25-043940
Chunk: 34

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-15
Form: 20-F/A
Chunk 34
---
 following outstanding
convertible notes:

| Note Holders             |     | Principal 
 Amount    |           |     | Conversion 
 Price      |       |     | Coupon 
 Rate   |       |   |     | Issuance          
 Date              |     | Maturity         
 Date             |
|:-------------------------|:----|:----------|----------:|:----|:-----------|------:|:----|:-------|------:|:--|:----|:------------------|:----|:-----------------|
| JAK & affiliated holders |     | $         |    50,000 |     |            | 0.830 |     |        | 14.75 | % |     | April 3, 2024     |     | October 2, 2028  |
| JAK & affiliated holders |     |           | 1,100,000 |     |            | 0.830 |     |        | 14.75 | % |     | August 3, 2024    |     | February 2, 2029 |
| JAK & affiliated holders |     |           |   500,000 |     |            | 0.950 |     |        | 14.75 | % |     | August 30, 2024   |     | March 1, 2029    |
| JAK & affiliated holders |     |           | 1,500,000 |     |            | 0.686 |     |        | 14.75 | % |     | November 11, 2024 |     | May 10, 2029     |
| Total                    |     |           | 3,150,000 |     |            |       |     |        |       |   |     |                   |     |                  |

During the year ended December 31, 2024, a total
of $ of convertible promissory notes were issued with a discount of %. These Notes are to be settled by way of cash or may be
converted to Class A ordinary shares. The conversion of these notes are subject to certain criterions as mentioned in the Convertible
Note Agreements, which include a beneficiary cap of % of shareholdings in the Company by JAK.

F-21

As of December 31, 2024,
$ of convertible notes were converted into ordinary shares by the note holder, thereby increasing our shareholder equity
by the same amount.