Schedule of Secured Convertible Notes (Demand) between NCT Group, Inc. and Carole Salkind as of February 28, 2006

Summary

This document lists secured convertible notes issued by NCT Group, Inc. to Carole Salkind, totaling $2,350,000 and outstanding as of February 28, 2006. Each note has a specific issue date, due date, and principal amount, and is payable upon demand or by the due date, whichever comes first. The notes can be converted into NCT common stock at a price determined by the lowest sale price within a specified period or the stock's par value at conversion, whichever is higher.

EX-10.16(B) 9 exh-10_16b.txt SCHEDULE OF SECURED CONVERTIBLE NOTES Exhibit 10.16(b) Schedule of Secured Convertible Notes (demand) issued by NCT Group, Inc. to Carole Salkind and outstanding as of February 28, 2006 Conversion Issue Date Due Date*(a) Principal Price(b) ---------- ------------ ----------------- -------- 12/22/05 06/22/06 $ 375,000 $0.0100 01/11/06 07/11/06 375,000 $0.0100 01/24/06 07/24/06 375,000 $0.0100 02/13/06 08/13/06 375,000 $0.0100 02/27/06 08/27/06 850,000 $0.0100 ----------------- $ 2,350,000 ================= (a) Note is payable upon the earlier of demand or the due date (b) Note conversion price will be the greater of: (i) the lowest last sale price of NCT's common stock during the five-day period comprised of the date of the note, date preceding and three dates following; or (ii) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.