Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 248

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 248
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 by reference.

Third Tranche

On November 11, 2024, the
Company closed on the third tranche of the 2024 Debt Financing pursuant to the terms of the Securities Purchase Agreement. Under the third tranche, the Company sold the Second Mandatory Additional Note in the aggregate principal amount of $1,500,000. The Second Mandatory Additional Note is in substantially similar form to the Initial Note.Upon issuance of the First
Mandatory Additional Note, the number of Class A Ordinary Shares issuable upon exercise of the Series A Warrant automatically increased
to 5,874,383 (equivalent to approximately 5,874 Class A Ordinary Shares post Reverse Stock Splits). The Second Mandatory Additional Note is included as Exhibit 4.1 in the Form 6-K filed on November 15, 2024, which is incorporated herein by reference.

Fourth Tranche

On April 2, 2025, the
Company closed on the fourth tranche of the 2024 Debt Financing pursuant to the terms of the Securities Purchase Agreement. Under the
fourth tranche, the Company sold a senior convertible note (the “Fourth Tranche Note”) in the original principal amount of
$2,000,000. The Fourth Tranche Note is in substantially similar form to the Initial Note. Upon issuance of the note, the number of Class
A Ordinary Shares issuable upon exercise of the Series A Warrant automatically increased to approximately 159,223 (on a post Reverse Stock
Splits basis). The Fourth Tranche Note is included as Exhibit 4.1 in the Form 6-K filed on April 3, 2025, which is incorporated herein by reference.

Fifth Tranche

On July 16, 2025, the Company
consummated the fifth tranche of the 2024 Debt Financing under the terms of the Securities
Purchase Agreement. At the closing of the fifth tranche, the Company sold to the Investor a senior convertible note (the “Fifth
Tranche Note”) in the original principal amount of $2,000,000. The Note bears an interest rate of 14.75% per annum. The maximum
number of Class A Ordinary Shares of the Company, no par value, which this note is issuable into is 6,923,990, based on a conversion price
of $0.63 and assuming an interest rate of 14.75% through the fifty-four (54) month maturity of the Notes.