Schedule of Secured Convertible Notes Issued by NCT Group, Inc. to Carole Salkind (April–June 2006)

Summary

NCT Group, Inc. issued a series of secured convertible notes to Carole Salkind between April and June 2006, totaling $16,454,289. Each note specifies an issue date, due date, principal amount, and a conversion price. The conversion price is set as the greater of either the lowest sale price of NCT's common stock on the note date or the preceding day, or the par value of the stock at the time of conversion. The notes are due six months after issuance and can be converted into NCT common stock under these terms.

EX-10.2(B) 3 exh_10-2b.txt SCHEDULE OF SECURED CONVERTIBLE NOTES Exhibit 10.2(b) Schedule of Secured Convertible Notes (refinancings after October 31, 2005) issued by NCT Group, Inc. to Carole Salkind during the three months ended June 30, 2006 Conversion Issue Date Due Date Principal Price (a) ---------- -------- ------------ ---------- 04/07/06 10/07/06 $ 4,633,723 $0.0100 04/21/06 10/21/06 1,447,275 $0.0100 05/10/06 11/10/06 2,230,279 $0.0100 05/25/06 11/25/06 343,012 $0.0100 06/09/06 12/09/06 2,650,000 $0.0100 06/23/06 12/23/06 5,150,000 $0.0100 ---------------- $ 16,454,289 ================ (a) Note conversion price will be the greater of: (i) the lower last sale price of NCT's common stock on the date of the note or the preceding date; or (ii) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.