NCT GROUP INC
CONVERTIBLE NOTE (REFINANCING)
<DOCUMENT>
<TYPE>EX-10.2B
<SEQUENCE>3
<FILENAME>exh-10_2b.txt
<DESCRIPTION>CONVERTIBLE NOTE (REFINANCING)
<TEXT>


Exhibit 10.2(b)


          Schedule of Secured Convertible Note (refinancing) Issued by
               NCT Group, Inc. to Carole Salkind on April 14, 2005


                                                                   Conversion
      Issue Date           Due Date             Principal             Price
      ----------           --------             ---------             -----
       04/14/05            10/14/05           $457,970.18            $ 0.013


</TEXT>
</DOCUMENT>
