X0203 3 2008-09-02 0 0001417451 Paragon Semitech USA, Inc. None 0000937862 KUHNS JOHN D 558 LIME ROCK RD LIME ROCK CT 06039 1 1 1 0 Chairman, President, CEO, CFO Series A Convertible Preferred Stock 2008-09-02 2013-09-01 Common Stock 171028 I through New World Power, LLC Warrant 0.125 2008-09-02 2011-09-01 Common Stock 4275690 I through New World Power, LLC Each Series A Convertible Preferred Stock can be initially converted into 100 shares of common stock, subject to certain adjustments. The Series A was purchased at $10.038 per share. There is no additional consideration in connection with the conversion. Mr. Kuhns is the owner of 100% of the membership interests and the sole manager of New World Power, LLC and therefore controls such company. By virtue of such control he may be deemed to beneficially own all of the issuer's securities issued to New World Power, LLC. Darren Ofsink, attorney-in-fact 2008-10-03