X0201 5 2003-08-31 0 1 0 0000769591 RESCON TECHNOLOGY CORP RCTC 0001264337 NIGOHOSSIAN CHRISTIAN 1500 MARKET STREET 12TH FL., EAST TOWER PHILADELPHIA PA 19102 0 0 1 0 Common 3 5416000 D On June 10, 2003, Speed of Thought Trading Corporation licensed certain software and technology and leased certain equipment to ResCon Technology Corporation. The consideration for the license and lease agreements were a one time payment by ResCon of 5,416,000 restricted share of its common stock. The shares were valued at $.08, the closing price at which ResCon's common shares traded on the OTCBB on the date of the transaction. Christian Nigohossian 2004-01-29