Schedule of Secured Convertible Notes Issued by NCT Group, Inc. to Carole Salkind (Q1 2006)

Summary

NCT Group, Inc. issued several secured convertible notes to Carole Salkind between January and March 2006, totaling $75,791,130 in principal. Each note specifies an issue date, due date, and a conversion price set at the higher of either the lowest last sale price of NCT's common stock during a specified two-day period or the stock's par value at the time of conversion. This schedule documents the terms and amounts for these refinancing transactions.

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 March 31, 2006 Conversion Issue Date Due Date Principal Price (a) ---------- -------- --------- ----------- 01/12/06 07/12/06 $ 31,637,249 $0.0100 02/07/06 08/07/06 15,653,600 $0.0100 02/13/06 08/13/06 27,034,868 $0.0100 03/10/06 09/10/06 1,465,413 $0.0100 ---------------- $ 75,791,130 ================ (a) Note conversion price will be the greater of: (i) the lowest last sale price of NCT's common stock during the two-day period comprised of the date of the note and the preceding date; or (ii) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.