Document:

Exhibit 10.3

                                List of Investors

<TABLE>
<CAPTION>
                                                                        Number         Number
Name of Investor                                                      of Shares     of Warrants
----------------                                                      ---------     -----------
<S>                                                                   <C>             <C>
Heartland Value Fund                                                  1,500,000       375,000

Southwell Partners LP                                                   133,334        33,334

Hilltop Holding Company L.P.                                            133,333        33,333

Nite Capital LP                                                          66,667        16,667

D.B. Zwirn Special Opportunities Fund, Ltd.                              39,334         9,834

D.B. Zwirn Special Opportunities Fund, L.P.                              22,000         5,500

D.B. Zwirn Special Opportunities Fund (TE) L.P.                           5,333         1,333

Knoll Capital Fund II                                                    66,667        16,667

Europa International, Inc.                                               66,667        16,667

Goldman Sachs Asset Management, L.P.                                     80,000        20,000

SEI Institutional Investments Trust, Small/Mid Cap Fund                  58,000        14,500

Optimix Investment Management Limited                                     8,500         2,125

SEI U.S. Small Companies Fund                                            10,000         2,500

J B Were Global Small Companies Fund                                     17,000         4,250

SEI Institutional Investments Trust, Small Cap Fund                      33,000         8,250

Pension Plan for Management and Professionals of TELUS Corp-Beta          2,000           500

Pension Fund for Management and Professionals of TELUS Corp-Alpha         3,500           875

Wellington Management Portfolios (Dublin) - Global Smaller                8,000         2,000
Companies Equity Portfolio

J B Were Global Small Companies Pooled Fund                              77,000        19,250

Telstra Super Pty Ltd                                                     9,000         2,250

Goldman Sachs GMS Small Cap Advisers 2                                    6,500         1,625

Talvest Small Cap Cdn. Equity Fund                                        9,500         2,375

Australian Retirement Fund                                               18,000         4,500
</TABLE>THIS
      OPTION AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THE OPTION
      HAVE
      NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
      SECURITIES LAWS. THIS OPTION AND THE COMMON STOCK ISSUABLE UPON EXERCISE OF
      THIS
      OPTION MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
      OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS OPTION UNDER SAID ACT AND
      ANY
      APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO CONVERSION SERVICES INTERNATIONAL, INC.THAT SUCH REGISTRATION
      IS
      NOT REQUIRED.

     

    Right
      to Purchase up to 3,080,000 Shares of Common Stock of 

     

    CONVERSION
      SERVICES INTERNATIONAL, INC.

    (subject
      to adjustment as provided herein)

     

    OPTION

     

    
      	 No. _________________ 	
               Issue
                Date: February 1,
                2006

            

    

     

    CONVERSION
      SERVICES INTERNATIONAL, INC., a corporation organized under the laws of the
      State of Delaware (“Company”), hereby certifies that, for value received, LAURUS
      MASTER FUND, LTD., or assigns (the “Holder”), is entitled, subject to the terms
      set forth below, to purchase from the Company (as defined herein) from and
      after
      the Issue Date of this Option and at any time or from time to time, up to
      3,080,000 fully paid and nonassessable shares of Common Stock (as hereinafter
      defined), $0.001 par value per share, at the applicable Exercise Price per
      share
      (as defined below). The number and character of such shares of Common Stock
      and
      the applicable Exercise Price per share are subject to adjustment as provided
      herein.

     

    As
      used
      herein the following terms, unless the context otherwise requires, have the
      following respective meanings: 

     

    (a) The
      term
“Company” shall include CONVERSION SERVICES INTERNATIONAL, INC. and any
      corporation that shall succeed, or assume the obligations of, CONVERSION
      SERVICES INTERNATIONAL, INC. hereunder. 

     

    (b) The
      term
“Common Stock” includes (i) the Company’s Common Stock, $0.001 per value per
      share; and (ii) any other securities into which or for which any of the
      securities described in (a) may be converted or exchanged pursuant to a plan
      of
      recapitalization, reorganization, merger, sale of assets or
      otherwise.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (c) The
      “Exercise Price” applicable under this Option shall be a price of $0.001 per
      share.

     

    (d) The
      term
“Other Securities” refers to any stock (other than Common Stock) and other
      securities of the Company or any other person (corporate or otherwise) which
      the
      Holder at any time shall be entitled to receive, or shall have received, on
      the
      exercise of the Option, in lieu of or in addition to Common Stock, or which
      at
      any time shall be issuable or shall have been issued in exchange for or in
      replacement of Common Stock or Other Securities pursuant to Section 4 or
      otherwise.

     

    1. Exercise
      of Option.
      

     

    1.1 Number
      of Shares Issuable upon Exercise.
      From
      and after the date hereof, the Holder shall be entitled to receive, upon
      exercise of this Option in whole or in part, by delivery of an original or
      fax
      copy of an exercise notice in the form attached hereto as Exhibit A (the
“Exercise Notice”), shares of Common Stock of the Company, subject to adjustment
      pursuant to Section 4. Notwithstanding anything contained herein to the
      contrary, the Holder shall not be entitled to exercise this Option in connection
      with that number of shares of Common Stock which would exceed the difference
      between (i) 4.99% of the issued and outstanding shares of Common Stock and
      (ii)
      the number of shares of Common Stock beneficially owned by the Holder. For
      the
      purposes of the immediately preceding sentence, beneficial ownership shall
      be
      determined in accordance with Section 13(d) of the Exchange Act and Regulation
      13d-3 thereunder. The limitation described in the second sentence of this
      Section 1.1 shall automatically become null and void following notice to the
      Company upon the occurrence and during the continuance beyond any applicable
      grace period of an Event of Default under and as defined in that certain Note
      dated as of the date hereof among the Holder and the Company, or upon 75 days
      prior written notice to the Company.

     

     

    1.2 Fair
      Market Value.
      For
      purposes hereof, the “Fair Market Value” of a share of Common Stock as of a
      particular date (the “Determination Date”) shall mean: 

     

    (a) If
      the
      Company’s Common Stock is traded on the American Stock Exchange or another
      national exchange or is quoted on the National or SmallCap Market of The Nasdaq
      Stock Market, Inc. (“Nasdaq”), then the closing or last sale price,
      respectively, reported for the last business day immediately preceding the
      Determination Date.

     

    (b) If
      the
      Company’s Common Stock is not traded on the American Stock Exchange or another
      national exchange or on the Nasdaq but is quoted on the NASD Over The Counter
      Bulletin Board, then the mean of the average of the closing bid and asked prices
      reported for the last business day immediately preceding the Determination
      Date.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (c) Except
      as
      provided in clause (d) below, if the Company’s Common Stock is not publicly
      traded, then as the Holder and the Company agree or in the absence of agreement
      by arbitration in accordance with the rules then in effect of the American
      Arbitration Association, before a single arbitrator to be chosen from a panel
      of
      persons qualified by education and training to pass on the matter to be
      decided.

     

    (d) If
      the
      Determination Date is the date of a liquidation, dissolution or winding up,
      or
      any event deemed to be a liquidation, dissolution or winding up pursuant to
      the
      Company’s charter, then all amounts to be payable per share to holders of the
      Common Stock pursuant to the charter in the event of such liquidation,
      dissolution or winding up, plus all other amounts to be payable per share in
      respect of the Common Stock in liquidation under the charter, assuming for
      the
      purposes of this clause (d) that all of the shares of Common Stock then issuable
      upon exercise of the Option are outstanding at the Determination
      Date.

     

    1.3 Company
      Acknowledgment.
      The
      Company will, at the time of the exercise of the Option, upon the request of
      the
      Holder hereof acknowledge in writing its continuing obligation to afford to
      such
      Holder any rights to which such Holder shall continue to be entitled after
      such
      exercise in accordance with the provisions of the Option. If the Holder shall
      fail to make any such request, such failure shall not affect the continuing
      obligation of the Company to afford to such Holder any such rights.

     

    1.4 Trustee
      for Option Holders.
      In the
      event that a bank or trust company shall have been appointed as trustee for
      the
      Holder of the Option pursuant to Subsection 3.2, such bank or trust company
      shall have all the powers and duties of an option agent (as hereinafter
      described) and shall accept, in its own name for the account of the Company
      or
      such successor person as may be entitled thereto, all amounts otherwise payable
      to the Company or such successor, as the case may be, on exercise of this Option
      pursuant to this Section 1.

     

    1.5 Common
      Stock Sale Limitation.
      Notwithstanding anything contained herein to the contrary, the Holder shall
      not
      be entitled to sell any shares of Common Stock issued upon exercise of this
      Option, in whole or in part, prior to the date that is three
      hundred sixty five (365) days after the date hereof. The
      limitation described in this Section 1.5 shall automatically become null and
      void without any notice to any Company upon the occurrence and during the
      continuance of an Event of Default. 

     

    2. Procedure
      for Exercise.

     

    2.1 Delivery
      of Stock Certificates, Etc., on Exercise.
      The
      Company agrees that the shares of Common Stock purchased upon exercise of this
      Option shall be deemed to be issued to the Holder as the record owner of such
      shares as of the close of business on the date on which this Option shall have
      been surrendered and payment made for such shares in accordance herewith. As
      soon as practicable after the exercise of this Option in full or in part, and
      in
      any event within three (3) business days thereafter, the Company at its expense
      (including the payment by it of any applicable issue taxes) will cause to be
      issued in the name of and delivered to the Holder, or as such Holder (upon
      payment by such Holder of any applicable transfer taxes) may direct in
      compliance with applicable securities laws, a certificate or certificates for
      the number of duly and validly issued, fully paid and nonassessable shares
      of
      Common Stock (or Other Securities) to which such Holder shall be entitled on
      such exercise, plus, in lieu of any fractional share to which such Holder would
      otherwise be entitled, cash equal to such fraction multiplied by the then Fair
      Market Value of one full share, together with any other stock or other
      securities and property (including cash, where applicable) to which such Holder
      is entitled upon such exercise pursuant to Section 1 or otherwise.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    2.2 Exercise.

     

    (a) Subject
      to subsection (b) below, payment shall be made in cash or by certified or
      official bank check payable to the order of the Company equal to the applicable
      aggregate Exercise Price for the number of Common Shares specified in such
      Exercise Notice (as such exercise number shall be adjusted to reflect any
      adjustment in the total number of shares of Common Stock issuable to the Holder
      per the terms of this Option) and the Holder shall thereupon be entitled to
      receive the number of duly authorized, validly issued, fully-paid and
      non-assessable shares of Common Stock (or Other Securities) determined as
      provided herein.

     

    (b) Notwithstanding
      any provisions herein to the contrary, in the event there is no effective
      registration statement with respect to the shares issuable upon exercise of
      this
      Option or a Default or an Event of Default (as such terms are defined in the
      Security Agreement dated as of the date hereof among the Holder and the Company,
      as amended, modified, restated and/or supplemented from time to time),) has
      occurred and is continuing, if the Fair Market Value of one share of Common
      Stock is greater than the Exercise Price (at the date of calculation as set
      forth below), in lieu of exercising this Option for cash, the Holder may elect
      to receive shares equal to the value (as determined below) of this Option (or
      the portion thereof being exercised) by surrender of this Option at the
      principal office of the Company together with the properly endorsed Exercise
      Notice in which event the Company shall issue to the Holder a number of shares
      of Common Stock computed using the following formula:

     

    X=Y  (A-B) 

         A

     

    
      	
            	Where
              X =	
              the
                number of shares of Common Stock to be issued to the
                Holder

            

      	 	 	 

      	 	Y =	the number of shares of Common Stock
              purchasable under the Option or, if only a portion of the Option is
              being
              exercised, the portion of the Option being exercised (at the date
              of such calculation)

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      
        	
              	A
                =	
                the
                  Fair Market Value of one share of the Company’s Common Stock (at the date
                  of such calculation)

              

        	 	 	 

        	 	B =	Exercise Price (as adjusted to the
                date of
                such calculation)

      

       

    

    3. Effect
      of Reorganization, Etc.; Adjustment of Exercise Price.

     

    3.1 Reorganization,
      Consolidation, Merger, Etc.
      In case
      at any time or from time to time, the Company shall (a) effect a reorganization,
      (b) consolidate with or merge into any other person, or (c) transfer all or
      substantially all of its properties or assets to any other person under any
      plan
      or arrangement contemplating the dissolution of the Company, then, in each
      such
      case, as a condition to the consummation of such a transaction, proper and
      adequate provision shall be made by the Company whereby the Holder, on the
      exercise hereof as provided in Section 1 at any time after the consummation
      of
      such reorganization, consolidation or merger or the effective date of such
      dissolution, as the case may be, shall receive, in lieu of the Common Stock
      (or
      Other Securities) issuable on such exercise prior to such consummation or such
      effective date, the stock and other securities and property (including cash)
      to
      which such Holder would have been entitled upon such consummation or in
      connection with such dissolution, as the case may be, if such Holder had so
      exercised this Option, immediately prior thereto, all subject to further
      adjustment thereafter as provided in Section 4.

     

    3.2 Dissolution.
      In the
      event of any dissolution of the Company following the transfer of all or
      substantially all of its properties or assets, the Company, concurrently with
      any distributions made to holders of its Common Stock, shall at its expense
      deliver or cause to be delivered to the Holder the stock and other securities
      and property (including cash, where applicable) receivable by the Holder
      pursuant to Section 3.1, or, if the Holder shall so instruct the Company, to
      a
      bank or trust company specified by the Holder and having its principal office
      in
      New York, NY as trustee for the Holder (the “Trustee”).

     

    3.3 Continuation
      of Terms.
      Upon
      any reorganization, consolidation, merger or transfer (and any dissolution
      following any transfer) referred to in this Section 3, this Option shall
      continue in full force and effect and the terms hereof shall be applicable
      to
      the shares of stock and other securities and property receivable on the exercise
      of this Option after the consummation of such reorganization, consolidation
      or
      merger or the effective date of dissolution following any such transfer, as
      the
      case may be, and shall be binding upon the issuer of any such stock or other
      securities, including, in the case of any such transfer, the person acquiring
      all or substantially all of the properties or assets of the Company, whether
      or
      not such person shall have expressly assumed the terms of this Option as
      provided in Section 4. In the event this Option does not continue in full force
      and effect after the consummation of the transactions described in this Section
      3, then the Company’s securities and property (including cash, where applicable)
      receivable by the Holders will be delivered to Holder or the Trustee as
      contemplated by Section 3.2.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

       

    

    4. Extraordinary
      Events Regarding Common Stock.
      In the
      event that the Company shall (a) issue additional shares of the Common Stock
      as
      a dividend or other distribution on all outstanding Common Stock or preferred
      stock, (b) subdivide its outstanding shares of Common Stock, or (c) combine
      its
      outstanding shares of the Common Stock into a smaller number of shares of the
      Common Stock (each of the preceding clauses (a) through (c), inclusive, an
      “Event”), then, in each such event, the number of shares of Common Stock that
      the Holder shall thereafter, on the exercise hereof as provided in Section
      1, be
      entitled to receive shall be increased or decreased to a number determined
      by
      multiplying the number of shares of Common Stock that would, immediately prior
      to such Event, be issuable upon the exercise of this Option by a fraction of
      which (a) the numerator is the number of issued and outstanding shares of Common
      Stock immediately after such Event, and (b) the denominator is the number of
      issued and outstanding shares of Common Stock immediately prior to such
      Event.

     

    5. Certificate
      as to Adjustments.
      In each
      case of any adjustment or readjustment in the shares of Common Stock (or Other
      Securities) issuable on the exercise of the Option, the Company at its expense
      will promptly cause its Chief Financial Officer or other appropriate designee
      to
      compute such adjustment or readjustment in accordance with the terms of the
      Option and prepare a certificate setting forth such adjustment or readjustment
      and showing in detail the facts upon which such adjustment or readjustment
      is
      based, including a statement of (a) the consideration received or receivable
      by
      the Company for any additional shares of Common Stock (or Other Securities)
      issued or sold or deemed to have been issued or sold, (b) the number of shares
      of Common Stock (or Other Securities) outstanding or deemed to be outstanding,
      and (c) the Exercise Price and the number of shares of Common Stock to be
      received upon exercise of this Option, in effect immediately prior to such
      adjustment or readjustment and as adjusted or readjusted as provided in this
      Option. The Company will forthwith mail a copy of each such certificate to
      the
      Holder and any Option agent of the Company (appointed pursuant to Section 10
      hereof).

     

    6. Reservation
      of Stock, Etc., Issuable on Exercise of Option.
      The
      Company will at all times reserve and keep available, solely for issuance and
      delivery on the exercise of the Option, shares of Common Stock (or Other
      Securities) from time to time issuable on the exercise of the
      Option.

     

    7. Assignment;
      Exchange of Option.
      Subject
      to compliance with applicable securities laws, this Option, and the rights
      evidenced hereby, may be transferred by any registered holder hereof (a
“Transferor”) in whole or in part. On the surrender for exchange of this Option,
      with the Transferor’s endorsement in the form of Exhibit B attached hereto (the
“Transferor Endorsement Form”) and together with evidence reasonably
      satisfactory to the Company demonstrating compliance with applicable securities
      laws, which shall include, without limitation, the provision of a legal opinion
      from the Transferor’s counsel (at the Company’s expense) that such transfer is
      exempt from the registration requirements of applicable securities laws, and
      with payment by the Transferor of any applicable transfer taxes) will issue
      and
      deliver to or on the order of the Transferor thereof a new Option of like tenor,
      in the name of the Transferor and/or the transferee(s) specified in such
      Transferor Endorsement Form (each a “Transferee”), calling in the aggregate on
      the face or faces thereof for the number of shares of Common Stock called for
      on
      the face or faces of the Option so surrendered by the Transferor.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

       

    

    8. Replacement
      of Option.
      On
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Option and, in the case of any such loss,
      theft or destruction of this Option, on delivery of an indemnity agreement
      or
      security reasonably satisfactory in form and amount to the Company or, in the
      case of any such mutilation, on surrender and cancellation of this Option,
      the
      Company at its expense will execute and deliver, in lieu thereof, a new Option
      of like tenor.

     

    9. Registration
      Rights.
      The
      Holder has been granted certain registration rights by the Company. These
      registration rights are set forth in a Registration Rights Agreement entered
      into by the Company and Holder dated as of even date of this
      Option.

     

    10. Option
      Agent.
      The
      Company may, by written notice to each Holder of the Option, appoint an agent
      for the purpose of issuing Common Stock (or Other Securities) on the exercise
      of
      this Option pursuant to Section 1, exchanging this Option pursuant to Section
      7,
      and replacing this Option pursuant to Section 8, or any of the foregoing, and
      thereafter any such issuance, exchange or replacement, as the case may be,
      shall
      be made at such office by such agent.

     

    11. Transfer
      on the Company’s Books.
      Until
      this Option is transferred on the books of the Company, the Company may treat
      the registered holder hereof as the absolute owner hereof for all purposes,
      notwithstanding any notice to the contrary.

     

    12. Notices,
      Etc.
      All
      notices and other communications from the Company to the Holder shall be mailed
      by first class registered or certified mail, postage prepaid, at such address
      as
      may have been furnished to the Company in writing by such Holder or, until
      any
      such Holder furnishes to the Company an address, then to, and at the address
      of,
      the last Holder who has so furnished an address to the Company.

     

    13. Miscellaneous.
      THIS
      OPTION AND ANY TERM HEREOF MAY BE CHANGED, WAIVED, DISCHARGED OR TERMINATED
      ONLY
      BY AN INSTRUMENT IN WRITING SIGNED BY THE PARTY AGAINST WHICH ENFORCEMENT OF
      SUCH CHANGE, WAIVER, DISCHARGE OR TERMINATION IS SOUGHT. THIS OPTION SHALL
      BE
      GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF STATE OF NEW YORK
      WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. Any action brought concerning
      the transactions contemplated by this Option shall be brought only in the state
      courts of New York or in the federal courts located in the state of New York;
      provided, however, that the Holder may choose to waive this provision and bring
      an action outside the state of New York. The individuals executing this Option
      on behalf of the Company agree to submit to the jurisdiction of such courts
      and
      waive trial by jury. The prevailing party shall be entitled to recover from
      the
      other party its reasonable attorney’s fees and costs. In the event that any
      provision of this Option is invalid or unenforceable under any applicable
      statute or rule of law, then such provision shall be deemed inoperative to
      the

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    extent
      that it may conflict therewith and shall be deemed modified to conform with
      such
      statute or rule of law. Any such provision which may prove invalid or
      unenforceable under any law shall not affect the validity or enforceability
      of
      any other provision of this Option. The headings in this Option are for purposes
      of reference only, and shall not limit or otherwise affect any of the terms
      hereof. The invalidity or unenforceability of any provision hereof shall in
      no
      way affect the validity or enforceability of any other provision hereof. The
      Company acknowledges that legal counsel participated in the preparation of
      this
      Option and, therefore, stipulates that the rule of construction that ambiguities
      are to be resolved against the drafting party shall not be applied in the
      interpretation of this Option to favor any party against the other
      party.

     

    [BALANCE
      OF PAGE INTENTIONALLY LEFT BLANK;

     

    SIGNATURE
      PAGE FOLLOWS.]

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

       

    

    IN
      WITNESS WHEREOF, the Company has executed this Option as of the date first
      written above. 

    
      	 	 	
               

              CONVERSION
                SERVICES INTERNATIONAL, INC.

            
	
               

              WITNESS:

            	 	 
	 	 	
              By:

            	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 

    

     

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

     

    EXHIBIT
      A

     

    FORM
      OF SUBSCRIPTION

    (To
      Be
      Signed Only On Exercise Of Options)

     

    
      	
              TO:

            	
              CONVERSION
                SERVICES INTERNATIONAL, INC.

            

    

     

     

    
      	
            	
              Attention:

            	
              Chief
                Financial Officer

            

    

     

    The
      undersigned, pursuant to the provisions set forth in the attached Option (No.
      ____), hereby irrevocably elects to purchase (check applicable
      box):

     

    
      	
              ________    

            	
              ________
                shares of the Common Stock covered by such Option;
                or

            

    

     

    
      
        	
                ________    

              	
                the
                  maximum number of shares of Common Stock covered by such Option
                  pursuant
                  to the cashless exercise procedure set forth in Section
                  2.

              

      

       

    

    The
      undersigned herewith makes payment of the full Exercise Price for such shares
      at
      the price per share provided for in such Option, which is $___________. Such
      payment takes the form of (check applicable box or boxes):

     

    
      	
              ________    

            	
              $__________
                in lawful money
                of
                the United States; and/or

            

    

     

    
      
        	
                ________    

              	
                the
                  cancellation of such portion of the attached Option as is exercisable
                  for
                  a total of _______ shares of Common Stock (using a Fair Market
                  Value of
                  $_______ per share for purposes of this calculation);
                  and/or

              

      

       

    

    
       

      
        
          	
                  ________    

                	
                  the
                    cancellation of such number of shares of Common Stock as is necessary,
                    in
                    accordance with the formula set forth in Section 2.2, to exercise
                    this
                    Option with respect to the maximum number of shares of Common
                    Stock
                    purchasable pursuant to the cashless exercise procedure set forth
                    in
                    Section 2.

                

        

         

      

    

    The
      undersigned requests that the certificates for such shares be issued in the
      name
      of, and delivered to ____________________________________________ whose address
      is ___________________________________________________________.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

       

    

    The
      undersigned represents and warrants that all offers and sales by the undersigned
      of the securities issuable upon exercise of the within Option shall be made
      pursuant to registration of the Common Stock under the Securities Act of 1933,
      as amended (the “Securities Act”) or pursuant to an exemption from registration
      under the Securities Act.

    
      	
               

              Dated:

            	 	 	 
	 	 	 	
              (Signature
                must conform to name of Holder as specified on the face of the
                Option)

            
	 	 	 	
               

              Address:

            	 
	 	 	 	 	 

    

    
 

    
      
         

      

      
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    EXHIBIT
      B

     

    FORM
      OF TRANSFEROR ENDORSEMENT

    (To
      Be
      Signed Only On Transfer Of Option)

     

    For
      value
      received, the undersigned hereby sells, assigns, and transfers unto the
      person(s) named below under the heading “Transferees” the right represented by
      the within Option to purchase the percentage and number of shares of Common
      Stock of CONVERSION SERVICES INTERNATIONAL, INC.into which the within Option
      relates specified under the headings “Percentage Transferred” and “Number
      Transferred,” respectively, opposite the name(s) of such person(s) and appoints
      each such person Attorney to transfer its respective right on the books of
      CONVERSION SERVICES INTERNATIONAL, INC.with full power of substitution in the
      premises.

    
      	
               

              Transferees

            	 	
               

              Address

            	 	
               

              Percentage
                Transferred

            	 	
               

              Number

              Transferred

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

    

    
      	
               

              Dated

            	 	 	 
	 	 	 	
              (Signature
                must conform to name of Holder as specified on the face of the
                Option)

            
	 	 	 	
               

              Address:

            	 
	 	 	 	 	 
	 	 	 	
               

              SIGNED
                IN THE PRESENCE OF:

            
	 	 	 	 
	 	 	 	
              (Name)

            

    

     

    ACCEPTED
      AND AGREED:

    [TRANSFEREE]

     

    _____________________________

          (Name)

     

     

    
      
         

      

      
        12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]