X0202 4 2004-08-30 0 0000029006 DIONICS INC DION 0001302604 Kravitz Bernard L 65 RUSHMORE STREET WESTBURY NY 11590 1 1 1 0 President, Sec., Treas. COMMON 2004-08-30 4 P 0 1000000 0.05 A 1687036 D COMMON 17515 I BY SPOUSE COMMON STOCK WARRANTS 0.05 2004-08-30 4 P 0 1000000 A 2004-08-30 2007-08-29 COMMON STOCK 1000000 1000000 D See Explanation of Responses below. All of the securities indicated as being acquired herein represent shares and warrants resulting from the automatic conversion of a convertible promissory note in the principal amount of $50,000 (the "Note") which had been issued which purusant to an agreement dated May 18, 2004 the Reporting Person had agreed to purchase. Pursuant to the terms thereof, upon the Issuer effecting an increase in its authorized shares of capital stock which was completed on August 30, 2004, the Note would automatically convert into 1,000,000 shares of common stock and the Reporting Person would be issued warrants to acquire 1,000,000 shares. /s/ Bernard L. Kravitz 2004-09-14