Schedule of Warrants Issued by NCT Group, Inc. to Carole Salkind (April 2006)

Contract Categories: Business Finance › Warrant Agreements
Summary

NCT Group, Inc. issued warrants to Carole Salkind in April 2006, allowing her to purchase up to 30,000,000 shares of NCT's common stock at an exercise price of $0.01 per share. The warrants are valid for five years, expiring on April 21, 2011. The exercise price will be the greater of the lowest last sale price of NCT's common stock on the grant or preceding date, or the par value at the time of exercise.

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EX-10.3(B) 4 exh_10-3b.txt SCHEDULE OF WARRANTS Exhibit 10.3(b) Schedule of Warrants (new financings after October 31, 2005) issued by NCT Group, Inc. to Carole Salkind during the three months ended as of June 30, 2006 Shares Grant Date Expiration Date Exercise Price(a) Granted ---------- --------------- ----------------- ------------ 04/21/06 04/21/11 $0.0100 19,250,000 04/21/06 04/21/11 $0.0100 10,750,000 ------------- 30,000,000 ============= (a) Warrant exercise price will be the greater of: (i) the lower last sale price of NCT's common stock on the date of the warrant or date preceding; or (ii) the par value of NCT's common stock on the date the warrant is exercised.