Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 208

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 208
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   |     |      | - |
| Less: amortized during the year  |     |              | (281,268 | ) |     |      | - |
| Ending balance                   |     | $            |  648,232 |   |     | $    | - |

The following table sets
forth the Company’s contractual obligations as of December 31, 2024 relating to the convertible notes:

|                    |     | 2024 |           |
| Convertible bonds- |     |      |           |
| 2025               |     |      |   516,250 |
| 2026               |     |      |   457,250 |
| 2027               |     |      |   457,250 |
| 2028               |     |      |   507,250 |
| 2029               |     |      | 3,269,625 |
| Total              |     |      | 5,207,625 |

Promissory Notes

|                                  |     | December 31, 
 2024         |           |     | 2023 |   |
|:---------------------------------|:----|:-------------|----------:|:----|:-----|:--|
| Balance at beginning of the year |     | $            |         - |     | $    | - |
| Issued during the year           |     |              | 1,453,861 |     |      | - |
| Waiver of liability              |     |              |   953,861 |     |      | - |
| Ending balance                   |     | $            |   500,000 |     | $    | - |

As of December 31, 2024,
the Company has outstanding non-interest-bearing unsecured promissory notes with a total principal balance of US$, which was settled
fully in February 2025.

Derivative liability

Pursuant to ASC 815, a derivative
liability had arisen from the issuance of convertible bonds which have the option of being converted to or exchanged for Class A ordinary
shares at any time from date of issuance. The derivative liability is assessed to be a debt requiring to be bifurcated from the host contract
and recorded at the fair value.

However, the conversion to
ordinary shares is subject to certain terms and criteria as set within the Agreement, which includes restriction of conversion if the
shareholdings by the note holder before and after the conversion