Schedule of Secured Convertible Notes between NCT Group, Inc. and Carole Salkind (Exhibit 10.15(b))

Summary

This document lists secured convertible notes issued by NCT Group, Inc. to Carole Salkind after October 31, 2005, and outstanding as of February 28, 2006. It details the issue dates, due dates, principal amounts, and conversion pricing terms for each note. The notes are convertible into NCT common stock at a price determined by the greater of the lowest last sale price during a specified two-day period or the par value at the time of conversion notice. The total outstanding principal is $77,363,080.

EX-10.15(B) 8 exh-10_15b.txt SCHEDULE OF SECURED CONVERTIBLE NOTES Exhibit 10.15(b) Schedule of Secured Convertible Notes (refinancings after October 31, 2005) issued by NCT Group, Inc. to Carole Salkind and outstanding February 28, 2006 Conversion Issue Date Due Date Principal Price (a) ---------- -------- -------------- --------- 12/07/05 06/07/06 $ 959,384 $0.0100 12/22/05 06/22/06 2,077,979 $0.0100 01/12/06 07/12/06 31,637,249 $0.0100 02/07/06 08/07/06 15,653,600 $0.0100 02/13/06 08/13/06 27,034,868 $0.0100 ----------------- $ 77,363,080 ================= (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.