Schedule of 12% Secured Convertible Notes Issued by NCT Group, Inc. to Carole Salkind
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Summary
This document lists a 12% secured convertible note issued by NCT Group, Inc. to Carole Salkind, with a principal amount of $652,655. The note was issued on February 13, 2006, and is due on August 13, 2006. The conversion price for the note is set as the greater of either the lowest last sale price of NCT's common stock during the two-day period around the note's date or the par value of the stock at the time of conversion notice.
EX-10.11(B) 4 exh-10_11b.txt SCHEDULE OF 12% SECURED CONVERTIBLE NOTES Exhibit 10.11(b) Schedule of 12% Secured Convertible Notes issued by NCT Group, Inc. to Carole Salkind and outstanding as of February 28, 2006 Conversion Issue Date Due Date Principal Price(a) ---------- -------- --------- -------- 02/13/06 08/13/06 $652,655 $0.0100 ----------------- $652,655 ================= (a) Note conversion price will be the greater of: (i) the lowest last sale price of NCT's common stock during the two-day period comprised of the date of the note and the preceding date; or (ii) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.
