Company: NIVFW
Filing Date: 2025-09-18
Form Type: F-1
Source: 0001213900-25-088927
Chunk: 161

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-18
Form: F-1
Chunk 161
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 Thailand and
in March 2019, 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 February 28, 2025, NewGenIvf
completed its acquisition of the MicroSort technology from Genetics & IVF Institute, Inc. (“GIVF”). Pursuant to a Purchase
Agreement dated January 21, 2025 between NewGenIvf and GIVF (“Purchase Agreement”), NewGenIvf purchased all of the Assets
(as defined in the Purchase Agreement) and IP Licenses (as defined in the Purchase Agreement) relating to the MicroSort technology from
GIVF for a cash consideration of $750,000 and a share consideration of 125,000 Ordinary Shares (equivalent to 12,500 Ordinary Shares post
Second Reverse Stock Split) (“MicroSort Acquisition”).

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Prior to the closing of the
MicroSort Acquisition, NewGenIvf held an exclusive license granted by a division of GIVF, MicroSort International, to use the MicroSort
technology in Thailand and Cambodia. MicroSort’s licenses for NewGenIvf’s operation in Thailand and Cambodia were each provided
under a lease and service agreement. In April 2019, First Fertility PGS entered into a Lease and Services Agreement with MicroSort International
to use MicroSort equipment in Thailand and in March 2019, 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