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

Summary

NCT Group, Inc. issued warrants to Carole Salkind during the first quarter of 2006, allowing her to purchase up to 1,224,000,000 shares of NCT common stock at an exercise price of $0.01 per share or the par value at the time of exercise, whichever is higher. The warrants were granted on three dates in January and February 2006 and expire five years from each grant date. This schedule documents the terms and quantities of the warrants issued as part of refinancing activities.

EX-10.4(B) 5 exh_10-4b.txt SCHEDULE OF WARRANTS Exhibit 10.4(b) Schedule of Warrants (refinancings after October 31, 2005) issued by NCT Group, Inc. to Carole Salkind during the three months ended March 31, 2006 Exercise Shares Grant Date Expiration Date Price(a) Granted ---------- --------------- --------- ----------- 01/12/06 01/12/11 $0.0100 521,000,000 02/07/06 02/07/11 $0.0100 257,750,000 02/13/06 02/13/11 $0.0100 445,250,000 ---------------- 1,224,000,000 ================ (a) Warrant exercise 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 warrant, date preceding and three dates following; or (ii) the par value of NCT's common stock on the date the warrant is exercised. Page 1 of 1