Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 153

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 153
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 as described above, the Company has agreed that it will issue to White Lion 700,000 Class A Ordinary Shares (“Commitment
Shares” and equivalent to 700 Post Third Reverse Stock Split). Additional Ordinary Shares may be issued to White Lion under certain
conditions, including in connection with material transactions or upon achieving specified investment thresholds. The Commitment Shares
will be fully earned by White Lion regardless of termination of the White Lion Purchase Agreement.

The White Lion Purchase Agreement
and the RRA contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations,
warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely
for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties.

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Business Model

With a focus on providing
fertility treatments to fulfil couples and individuals’ dreams of raising children, NewGenIvf offers mainly two services, namely:
(i) IVF treatment service, comprising traditional IVF and egg donation; and (ii) surrogacy and ancillary caring services. The
following table sets forth NewGenIvf’s revenue by service offerings and as a percentage of total revenue for the periods indicated:

|                                         |     | For the Year ended December 31, |      2024 |     |   |       |     |     |      2023 |     |   |       |
|:----------------------------------------|:----|:--------------------------------|----------:|:----|:--|------:|:----|:----|----------:|:----|:--|------:|
|                                         |     | US$                             |           |     | % |       |     | US$ |           |     | % |       |
| IVF Treatment Service                   |     |                                 | 5,433,375 |     |   | 100.0 |     |     | 4,021,696 |     |   |  78.3 |
| Surrogacy and Ancillary Caring Services |     |                                 |         — |     |   |     — |     |     | 1,114,457 |     |   |  21.7 |
| Total Revenue                           |     |                                 | 5,433,375 |     |   | 100.0 |     |     | 5,136,153 |     |   | 100