Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 206

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 206
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 fees so that they may appoint their own surrogate mothers in countries in which the Company does not conduct business. The Company sent the funds to accounts dictated by the clients and terminated service contract with those clients. |

NOTE 10 — CONVERTIBLE NOTES, PROMISSORY NOTES, DERIVATIVE LIABILITY AND WARRANTS

Convertible Notes

| Convertible notes, at amortised cost are as follows: |     | December 31, 
 2024         |           |     | 2023 |   |
|:-----------------------------------------------------|:----|:-------------|----------:|:----|:-----|:--|
| Convertible notes at amortised cost                  |     | $            | 3,059,595 |     |      | - |
| Less: Deferred debt issuance cost                    |     | $            |   648,232 |     |      | - |
| Convertible notes, net                               |     | $            | 2,411,363 |     |      | - |

| The convertible notes are repayable as follows: |     | December 31, 
 2024         |           |     | 2023 |   |
|:------------------------------------------------|:----|:-------------|----------:|:----|:-----|:--|
| Current liability                               |     | $            |    82,447 |     |      | - |
| Non-current liability                           |     |              | 2,328,916 |     |      | - |
| Total                                           |     | $            | 2,411,363 |     |      |   |

As of December 31, 2024, the Company had the 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 &