NCT GROUP INC
CONVERTIBLE NOTE (NEW FINANCING)
<DOCUMENT>
<TYPE>EX-10.1(B)
<SEQUENCE>2
<FILENAME>exh-10_1b.txt
<DESCRIPTION>CONVERTIBLE NOTE (NEW FINANCING)
<TEXT>
Exhibit 10.1(b)


         Schedule of Secured Convertible Note (new financing) Issued by
              NCT Group, Inc. to Carole Salkind on August 24, 2005


                                                                     Conversion
        Issue Date           Due Date           Principal              Price
      -------------      --------------      ---------------       -------------
        08/24/05            02/24/06          $  300,000             $ 0.008



</TEXT>
</DOCUMENT>
