X0202 3 2004-10-09 0 0001103406 PARAMCO FINANCIAL GROUP INC PFDE 0001311199 REYNA MICHAEL R 2535 SLICKROCK WAY SAN ANTONIO TX 782758 1 1 0 0 President & CEO Redeemable Convertable Promissory Notes 2003-07-10 Common Stock D Redeemable Convertable 12% Promissory Notes for $35,605.19 (plus unpaid accrued interest) The notes were due on 06/10/2004 and are in default. The notes are convertible into Common Stock at any time. Conversion price is equal to 10-day average closing bid price. /s/ R. Michael Reyna 2004-12-14