Exhibit 10.3(b)
Schedule of Warrants Issued by NCT Group, Inc. to Carole Salkind in conjunction
with Financings and Outstanding As of March 31, 2005
Grant Date Expiration Date Exercise Price Granted
---------- --------------- -------------- --------
02/13/01 02/13/06 $ 0.0710 7,042,254
05/14/01 05/14/06 0.0710 500,000
08/22/01 08/22/06 0.0710 625,000
09/28/01 09/28/06 0.0710 1,000,000
12/20/01 12/20/06 0.0710 1,250,000
01/11/02 01/11/07 0.0790 2,789,082
01/25/02 01/25/07 0.0900 812,500
01/25/02 01/25/07 0.0900 312,500
02/27/02 02/27/07 0.0790 1,034,266
03/01/02 03/01/07 0.0790 437,500
05/02/02 05/02/07 0.0940 3,188,708
05/02/02 05/02/07 0.0940 3,562,500
05/29/02 05/29/07 0.0950 1,500,000
06/02/02 06/02/07 0.0970 1,500,000
07/03/02 07/03/07 0.0780 1,500,000
07/12/02 07/12/07 0.0750 20,000,000
07/15/02 07/15/07 0.0750 1,500,000
07/23/02 07/23/07 0.0590 2,250,000
08/14/02 08/14/07 0.0820 1,500,000
08/29/02 08/29/07 0.0760 2,100,000
09/09/02 09/09/07 0.0770 1,500,000
09/30/02 09/30/07 0.0700 10,000,000
09/30/02 09/30/07 0.0700 16,157,565
11/07/02 11/07/07 0.0720 1,750,000
11/20/02 11/20/07 0.0540 1,750,000
11/21/02 11/21/07 0.0535 6,271,926
12/02/02 12/02/07 0.0480 1,500,000
12/16/02 12/16/07 0.0420 1,750,000
12/26/02 12/26/07 0.0420 10,206,373
12/30/02 12/30/07 0.0412 1,500,000
01/15/03 01/15/08 0.0410 2,000,000
01/23/03 01/23/08 0.0400 11,775,579
01/30/03 01/30/08 0.0410 1,500,000
02/11/03 02/11/08 0.0400 5,500,000
03/04/03 03/04/08 0.0350 2,000,000
03/13/03 03/13/08 0.0310 4,250,000
03/13/03 03/13/08 0.0310 3,750,000
04/02/03 04/02/08 0.0290 2,000,000
04/11/03 04/11/08 0.0310 2,000,000
04/21/03 04/21/08 0.0370 2,000,000
05/15/03 05/15/08 0.0460 2,000,000
05/22/03 05/22/08 0.0420 7,500,000
05/28/03 05/28/08 0.0440 1,900,000
06/12/03 06/12/08 0.0440 10,500,000
06/12/03 06/12/08 0.0440 2,000,000
06/28/03 06/28/08 0.0380 2,000,000
07/14/03 07/14/08 0.0312 2,000,000
07/14/03 07/14/08 0.0312 2,000,000
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07/28/03 07/28/08 0.0420 2,000,000
07/28/03 07/28/08 0.0420 2,000,000
08/07/03 08/07/08 0.0539 2,750,000
08/18/03 08/18/08 0.0450 2,000,000
08/28/03 08/28/08 0.0550 2,000,000
08/28/03 08/28/08 0.0550 2,000,000
09/11/03 09/11/08 0.0500 2,500,000
09/12/03 09/12/08 0.0500 2,000,000
10/14/03 10/14/08 0.0440 2,000,000
11/03/03 11/03/08 0.0440 2,000,000
11/21/03 11/21/08 0.0410 2,250,000
11/21/03 11/21/08 0.0410 2,500,000
11/22/03 11/22/08 0.0410 2,500,000
12/15/03 12/15/08 0.0370 2,500,000
12/31/03 12/31/08 0.0400 5,500,000
02/13/04 02/13/09 0.0500 6,750,000
03/05/04 03/05/09 0.0490 6,750,000
03/15/04 03/15/09 0.0470 6,750,000
03/15/04 03/15/09 0.0470 5,000,000
04/01/04 04/01/09 0.0530 6,750,000
04/14/04 04/14/09 0.0501 6,750,000
05/07/04 05/07/09 0.0410 6,750,000
05/21/04 05/21/09 0.0340 6,750,000
06/04/04 06/04/09 0.0310 6,750,000
06/16/04 06/21/09 0.0270 7,500,000
06/16/04 06/16/09 0.0270 6,750,000
07/16/04 07/16/09 0.0290 6,750,000
08/02/04 08/02/09 0.0270 7,500,000
08/10/04 08/10/09 0.0211 6,750,000
09/02/04 09/02/09 0.0210 6,750,000
09/14/04 09/14/09 0.0200 6,750,000
10/01/04 10/01/09 0.0200 6,750,000
10/15/04 10/15/09 0.0190 7,500,000
11/08/04 11/08/09 0.0190 7,500,000
11/23/04 11/23/09 0.0180 6,750,000
12/02/04 12/02/09 0.0170 8,250,000
12/17/04 12/17/09 0.0166 6,750,000
12/31/04 12/31/09 0.0180 6,750,000
01/26/05 01/26/10 0.0172 6,750,000
02/09/05 02/09/10 0.0180 6,750,000
02/16/05 02/16/10 0.0184 6,750,000
03/08/05 03/08/10 0.0180 7,000,000
03/29/05 03/29/10 0.0180 7,000,000
----------------
402,215,753
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