X0202 4 2005-06-29 0 0001069322 MOBILE REACH INTERNATIONAL INC MBRI 0001320581 STEFANSKY DAVID C/O MOBILE REACH INTERNATIONAL, INC. 2054 KILDAIRE FARM RD. #353 CARY NC 27511 1 0 0 0 8% Convertible Promissory Note 2005-06-29 4 P 0 0 A 2005-06-29 2010-06-29 Common Stock 0 0 I Harborview Master Fund LP Warrants 2005-06-29 4 P 0 0 A 2005-06-29 2010-06-29 Common Stock 0 0 I Harborview Master Fund LP The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section16 or for any other purpose. On June 28, 2005, Harborview Master Fund LP ("Harborview") purchased $25,000 of principal amount of 8% convertible promissory notes of the Company (the "Note"), convertible at Harborview's option, into shares of the Company's Common Stock at a per share conversion price equal to the lesser of (i) $0.0077 (the "Closing Date Conversion Price"), or (ii) the average of the three lowest closing bid prices for the ten trading days preceding the conversion date. In connection with the issuance of the Note, the Company issued to Harborview five-year common stock purchase warrants (the "Warrants") to purchase the number of shares of Common Stock which would be issued on the closing date assuming the conversion of all other 8% convertible promissory notes issued in connection with the financing on the closing date at the Closing Date Conversion Price. The exercise price of the Warrants is equal to the Closing Date Conversion Price. David Stefansky 2005-06-29