Schedule of Secured Convertible Notes between NCT Group, Inc. and Carole Salkind (July–August 2006)

Contract Categories: Business Finance › Note Agreements
Summary

NCT Group, Inc. issued two secured convertible notes to Carole Salkind on July 31, 2006, and August 2, 2006, each for $800,000. The notes are due on January 31, 2007, and February 2, 2007, respectively. The conversion price for each note is the greater of $0.0019 or the par value of NCT Group, Inc. common stock at the time of conversion. This agreement outlines the principal amounts, issue dates, due dates, and conversion terms for these refinancing notes.

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EX-10.2(B) 3 exh-10_2b.txt SCHEDULE OF SECURED CONVERTIBLE NOTE Exhibit 10.2(b) Schedule of Secured Convertible Note (refinancings after October 31, 2005) Issued by NCT Group, Inc. to Carole Salkind on July 31, 2006 and August 2, 2006 Issue Date Due Date Principal Conversion Price ---------- -------- --------- ---------------- 07/31/06 01/31/07 $800,000 Greater of: (i) $0.0019; or (ii) the par value of NCT Group, Inc. common stock on the date of conversion 08/02/06 02/02/07 $800,000 Greater of: (i) $0.0019; or (ii) the par value of NCT Group, Inc. common stock on the date of conversion