Schedule of Secured Convertible Notes (Demand) Issued by NCT Group, Inc. to Carole Salkind

Summary

This document lists a series of secured convertible notes issued by NCT Group, Inc. to Carole Salkind between January and March 2006, totaling $3,075,000. Each note is payable on demand or by a specified due date and can be converted into NCT common stock at a price determined by the lowest sale price within a set period or the stock's par value at conversion. The schedule outlines the issue dates, due dates, principal amounts, and conversion terms for each note.

EX-10.1(B) 2 exh_10-1b.txt SCHEDULE OF SECURED CONVERTIBLE NOTES Exhibit 10.1(b) Schedule of Secured Convertible Notes (demand) issued by NCT Group, Inc. to Carole Salkind during the three months ended March 31, 2006 Conversion Issue Date Due Date (a) Principal Price (b) ---------- ------------ --------- ----------- 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 03/10/06 09/10/06 550,000 $0.0100 03/24/06 09/24/06 550,000 $0.0100 --------------- $ 3,075,000 =============== (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.