Schedule of Secured Convertible Notes (Refinancings after October 31, 2005) to Carole Salkind

Contract Categories: Business Finance › Note Agreements
Summary

This document lists a secured convertible note issued by NCT to Carole Salkind during the three months ending June 30, 2006. The note, dated April 7, 2006, has a principal amount of $1,164,838 and is due on October 7, 2006. The conversion price for the note is set as the greater of either the lowest last sale price of NCT's common stock on the note or preceding date, or the par value of the stock on the date the conversion notice is delivered.

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EX-10.6(B) 7 exh_10-6b.txt SCHEDULE OF SECURED CONVERTIBLE NOTES Exhibit 10.6(b) Schedule of Secured Convertible Notes (refinancings after October 31, 2005) 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 $ 1,164,838 $0.0100 ---------------- $ 1,164,838 (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.