CONVERTIBLE NOTES (NEW FINANCINGS)

Convertible Promissory Note

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Title: CONVERTIBLE NOTES (NEW FINANCINGS)
Date: 5/16/2005
Industry: Communications Equipment Sector: Technology

Exhibit 10.1(b)

Schedule of Secured Convertible Notes (new financings) issued by NCT Group, Inc.

to Carole Salkind and Outstanding as of March 31, 2005

Conversion

Issue Date Due Date Principal Price

---------- -------- --------- ------

10/01/04 04/01/05 $ 400,000

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