Document:

Exhibit
      4.1

    

    CERTIFICATE
      OF DESIGNATIONS

    

    OF
      PREFERENCES, RIGHTS AND LIMITATIONS

    

    OF

    

    SERIES
      A CONVERTIBLE PREFERRED STOCK

     

    OF

    

    CONVERSION
      SERVICES INTERNATIONAL, INC.,

    

    a
      Delaware Corporation

    

    ___________________________

     

    PURSUANT
      TO SECTION 151 OF THE GENERAL

    CORPORATION
      LAW OF THE STATE OF DELAWARE

    ___________________________

    

    The
      undersigned, Scott Newman, does hereby certify that:

    

    1. He
      is the
      President and Chief Executive Officer, of CONVERSION SERVICES INTERNATIONAL,
      INC., a Delaware corporation (the “Company”).

    

    2. The
      Company is authorized to twenty million (20,000,000) shares of preferred
      stock.

    

    3. The
      following resolutions were duly adopted by the Board of Directors:

    

    WHEREAS,
      the Certificate of Incorporation of the Company provides for a class of its
      authorized stock known as preferred stock, comprised of twenty million
      (20,000,000) shares, $.001 par value, issuable from time to time in one or
      more
      series;

    

    WHEREAS,
      the Board of Directors of the Company is authorized to fix the dividend rights,
      dividend rate, voting rights, conversion rights, rights and terms of redemption
      and liquidation preferences of any wholly unissued series of preferred stock
      and
      the number of shares constituting any series and the designation thereof, of
      any
      of them; and

    

    WHEREAS,
      it is the desire of the Board of Directors of the Company, pursuant to its
      authority as aforesaid, to established a series of authorized preferred stock
      having a par value of $.001 per share, which series shall be designated as
      “Series A Convertible Preferred Stock” and to fix the rights, preferences,
      restrictions and other matters relating to the such series of preferred stock
      as
      follows:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    NOW,
      THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby establish
      a
      series of authorized preferred stock having a par value of $.001 per share,
      which series shall consist of nineteen thousand 19,000 shares and be designated
      as “Series A Convertible Preferred Stock,” and does hereby fix and determine the
      rights, preferences, restrictions and other matters relating to such series
      of
      preferred stock as follows:

    

    Section
      1.  Designation,
      Amount and Par Value.
      The
      series of preferred stock shall be designated as its Series A Convertible
      Preferred Stock (the “Preferred
      Stock”)
      and
      the number of shares so designated shall be 19,000 (which shall not be subject
      to increase without the consent of the holders of a majority of the Preferred
      Stock (each, a “Holder”
and
      collectively, the “Holders”)).
      Each
      share of Preferred Stock shall have a par value of $.001 per share and a stated
      value equal to the sum of $100 per share plus all accrued and unpaid dividends
      to the date of determination to the extent not previously paid in cash or common
      stock, par value $.001 per share (“Common
      Stock”)
      of the
      Company in accordance with the terms hereof (the “Stated
      Value”).

     

    Section
      2.  Dividends.
      Holders
      shall be entitled to receive, out of funds legally available therefor, and
      the
      Company shall pay, cumulative dividends at the rate per share (as a percentage
      of the Stated Value per share) of 5% per annum, payable semiannually on January
      1 and July 1, beginning with the first such date after the Original Issue Date
      (as defined in Section 7) and on any Conversion Date (as defined herein) for
      such share (“Dividend
      Payment Date”),
      in
      cash, or in shares of Common Stock. Subject to the terms and conditions herein,
      the decision whether to pay for dividends in cash or in shares of Common Stock
      shall be at the discretion of the Company. The Company shall provide the Holders
      written notice of its intention to pay dividends in cash or shares of Common
      Stock not less than ten days prior to each Dividend Payment Date for so long
      as
      shares of Preferred Stock are outstanding (the Company may indicate in such
      notice that the election contained in such notice shall continue for later
      periods until revised).. Dividends on the Preferred Stock shall be calculated
      on
      the basis of a 360-day year, shall accrue daily commencing on the Original
      Issue
      Date, and shall be deemed to accrue from such date whether or not earned or
      declared and whether or not there are profits, surplus or other funds of the
      Company legally available for the payment of dividends. Except as otherwise
      provided herein, if at any time the Company pays less than the total amount
      of
      dividends then accrued on account of the Preferred Stock, such payment shall
      be
      distributed ratably among the Holders based upon the number of shares of
      Preferred Stock held by each Holder. In the event the Company elects to pay
      all
      or some of the dividends in shares of Common Stock, the shares of Common Stock
      to be delivered to the Holders shall be valued at the lower of (i) the
      then-current Conversion Price (as defined in Section 5(c)), and (ii) the
      Fifteen-Day VWAP on the Dividend Payment Date.

     

    Section
      3.  Voting
      Rights.
      Except
      as otherwise provided herein and as otherwise required by law, the Preferred
      Stock shall have no voting rights. However, so long as any shares of Preferred
      Stock are outstanding, the Company shall not, without the affirmative vote
      of
      the Holders of a majority of the shares of the Preferred Stock then outstanding,
      (a) alter or change adversely the powers, preferences or rights given to the
      Preferred Stock or alter or amend this Certificate of Designation, (b) authorize
      or create any class of stock ranking as to dividends or distribution of assets
      upon a Liquidation (as defined in Section 4) senior to the Preferred Stock,
      (c)
      amend its certificate of incorporation or other charter documents so as to
      affect adversely any rights of the Holders, or (d) enter into any agreement
      with
      respect to the foregoing.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Section
      4.  Liquidation.
      Upon
      any liquidation, dissolution or winding up of the Company, whether voluntary
      or
      involuntary (a “Liquidation”),
      the
      Holders shall be entitled to receive out of the assets of the Company, whether
      such assets are capital or surplus, for each share of Preferred Stock an amount
      equal to the Stated Value per share before any distribution or payment shall
      be
      made to the holders of any Junior Securities, and if the assets of the Company
      shall be insufficient to pay in full such amounts, then the entire assets to
      be
      distributed to the Holders shall be distributed among the Holders ratably in
      accordance with the respective amounts that would be payable on such shares
      if
      all amounts payable thereon were paid in full. A Change of Control Transaction
      shall be treated as a Liquidation within the meaning of this Section 4;
provided,
      however,
      that
      each Holder shall have the right to elect the benefits of the provisions of
      Section 5 hereof in lieu of receiving payment in Liquidation pursuant to this
      Section 4. Each Holder shall notify the Company in advance of its election
      to
      obtain the benefits of this Section 4 or of Section 5, which notification shall
      be given not later than a date specified in writing to each Holder by the
      Company to be at least five (5) days prior to the payment date. If a Holder
      fails to make any election, the Holder shall be deemed to have elected the
      benefits of this Section 4. The Company shall mail written notice of any such
      Liquidation, not less than 30 days prior to the payment date stated therein,
      to
      each record Holder.

     

    Section
      5.  Conversion.

     

    (a)  Conversions
      at Option of Holder.
      Each
      share of Preferred Stock shall be convertible into shares of Common Stock at
      the
      Conversion Ratio (as defined in Section 7), at the option of the Holder, at
      any
      time and from time to time from and after the Original Issue Date. Holders
      shall
      effect conversions by providing the Company with the form of conversion notice
      attached hereto as Exhibit
      A
      (a
“Conversion Notice”). Each Conversion Notice shall specify the number of shares
      of Preferred Stock to be converted, the number of shares of Preferred Stock
      owned prior to the conversion at issue, number of shares of Preferred Stock
      owned subsequent to the conversion at issue and the date on which such
      conversion is to be effected, which date may not be prior to the date the Holder
      delivers such Conversion Notice by facsimile (the “Conversion
      Date”).
      If no
      Conversion Date is specified in a Conversion Notice, the Conversion Date shall
      be the date that such Conversion Notice is deemed delivered hereunder. To effect
      conversions of shares of Preferred Stock, a Holder shall not be required to
      surrender the certificate(s) representing such shares of Preferred Stock to
      the
      Company unless all of the shares of Preferred Stock represented thereby are
      so
      converted, in which case the Holder shall deliver the certificate representing
      such share of Preferred Stock promptly following the Conversion Date at issue.
      The calculations and entries set forth in the Conversion Notice shall control
      in
      the absence of manifest or mathematical error.

    

    (b)  Delivery
      of Certificate Upon Conversion.
      Not
      later than five Trading Days after each Conversion Date (the “Share
      Delivery Date”),
      the
      Company will deliver to the Holder (A) a certificate or certificates which
      shall
      be free of restrictive legends and trading restrictions (other than those
      required by the Purchase Agreement) representing the number of shares of Common
      Stock being acquired upon the conversion of shares of Preferred Stock, and
      (B) a
      bank check in the amount of accrued and unpaid dividends (if the Company has
      elected or is required to pay accrued dividends in cash).

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (c)   (i)
      The
      conversion price for each share of Preferred Stock (the “Conversion
      Price”)
      shall
      be $0.50, subject to adjustment as provided herein. 

    

    (ii) If
      the
      Company, at any time while any shares of Preferred Stock are outstanding, shall
      (a) pay a stock dividend or otherwise make a distribution or distributions
      on
      shares of its Junior Securities or pari
      passu
      securities payable in shares of Common Stock, (b) subdivide outstanding shares
      of Common Stock into a larger number of shares, (c) combine (including by way
      of
      reverse stock split) outstanding shares of Common Stock into a smaller number
      of
      shares, or (d) issue by reclassification and exchange of the Common Stock any
      shares of capital stock of the Company, then the Conversion Price shall be
      adjusted by multiplying the Conversion Price by a fraction of which the
      numerator shall be the number of shares of Common Stock (excluding treasury
      shares, if any) outstanding before such event and of which the denominator
      shall
      be the number of shares of Common Stock outstanding after such event. Any
      adjustment made pursuant to this Section 5(c)(ii) shall become effective
      immediately after the effective date in the case of a subdivision, combination
      or reclassification.

    

    (iii) All
      calculations under this Section 5 shall be made to the nearest cent or the
      nearest 1/100th of a share, as the case may be. The number of shares of Common
      Stock outstanding at any given time shall not include shares owned or held
      by or
      for the account of the Company, and the disposition of any such shares shall
      be
      considered an issue or sale of Common Stock.

     

    (iv) Whenever
      the Conversion Price is adjusted pursuant to Section 5(c)(ii), the Company
      at
      its expense will promptly compute the adjustment or re-adjustment in accordance
      with the terms hereof and cause its Chief Financial Officer to certify the
      computation (other than any computation of the fair value of property as
      determined in good faith by the Board of Directors of the Company) and prepare
      a
      report setting forth the adjustment or re-adjustment and showing in reasonable
      detail the method of calculation thereof and the facts upon which the adjustment
      or re-adjustment is based, including a statement of (a) the number of shares
      of
      Common Stock outstanding or deemed to be outstanding and (b) the Conversion
      Price in effect immediately prior to the deemed issuance or sale and as adjusted
      and re-adjusted (if required by Section 5 hereof) on account thereof. The
      Company will forthwith mail a copy of each report to each Holder and will,
      upon
      the written request at any time of any Holder, furnish to the Holder a like
      report setting forth the Conversion Price at the time in effect and showing
      in
      reasonable detail how it was calculated. The Company will also keep copies
      of
      all reports at its executive office and will cause them to be available for
      inspection at the office during normal business hours upon reasonable notice
      by
      any Holder or any prospective purchaser of shares of Preferred Stock designated
      by the Holder thereof.

     

    (v) In
      case
      of any reclassification of the Common Stock, or any compulsory share exchange
      pursuant to which the Common Stock is converted into other securities, cash
      or
      property (other than compulsory share exchanges which constitute Change of
      Control Transactions), the Holders of the Preferred Stock then outstanding
      shall
      have the right thereafter to convert such shares only into the shares of stock
      and other securities, cash and property receivable upon or deemed to be held
      by
      holders of Common Stock following such reclassification or share exchange,
      and
      the Holders of the Preferred Stock shall be entitled upon such event to receive
      such amount of securities, cash or property as a holder of the number of shares
      of Common Stock of the Company into which such shares of Preferred Stock could
      have been converted immediately prior to such reclassification or share exchange
      would have been entitled. This provision shall similarly apply to successive
      reclassifications or share exchanges.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (vi)
      In
      case of any merger or consolidation of the Company with or into another Person,
      or sale by the Company of more than one-half of the assets of the Company (on
      an
      as valued basis) in one or a series of related transactions, a Holder shall
      have
      the right thereafter to (A) convert its shares of Preferred Stock into the
      shares of stock and other securities, cash and property receivable upon or
      deemed to be held by holders of Common Stock following such merger,
      consolidation or sale, and such Holder shall be entitled upon such event or
      series of related events to receive such amount of securities, cash and property
      as the shares of Common Stock into which such shares of Preferred Stock could
      have been converted immediately prior to such merger, consolidation or sales
      would have been entitled or (B) in the case of a merger or consolidation, (x)
      require the surviving entity to issue shares of convertible preferred stock
      or
      convertible debentures with such aggregate stated value or in such face amount,
      as the case may be, equal to the Stated Value of the shares of Preferred Stock
      then held by such Holder, plus all accrued and unpaid dividends and other
      amounts owing thereon, which newly issued shares of preferred stock or
      debentures shall have terms identical (including with respect to conversion)
      to
      the terms of the Preferred Stock (except, in the case of debentures, as may
      be
      required to reflect the differences between debt and equity) and shall be
      entitled to all of the rights and privileges of a Holder of Preferred Stock
      set
      forth herein and the agreements pursuant to which the Preferred Stock was issued
      (including, without limitation, as such rights relate to the acquisition,
      transferability, registration and listing of such shares of stock other
      securities issuable upon conversion thereof), and (y) simultaneously with the
      issuance of such convertible preferred stock or convertible debentures, shall
      have the right to convert such instrument only into shares of stock and other
      securities, cash and property receivable upon or deemed to be held by holders
      of
      Common Stock following such merger, consolidation or sale. In the case of clause
      (B), the conversion price applicable for the newly issued shares of convertible
      preferred stock or convertible debentures shall be based upon the amount of
      securities, cash and property that each share of Common Stock would receive
      in
      such transaction, the Conversion Ratio immediately prior to the effectiveness
      or
      closing date for such transaction and the Conversion Price stated herein. The
      terms of any such merger, sale or consolidation shall include such terms so
      as
      continue to give the Holders the right to receive the securities, cash and
      property set forth in this Section upon any conversion or redemption following
      such event. This provision shall similarly apply to successive such events.
      The
      rights set forth in this Section 5(c)(ix) shall not alter the rights of a Holder
      set forth in Section 7, provided, that, a Holder may only exercise the rights
      set forth in this Section 5(c)(ix) or the rights set forth in Section 7 with
      respect to a single event giving rise to such rights.

     

    (vii) If
      (a)
      the Company shall declare a dividend (or any other distribution) on the Common
      Stock, (b) the Company shall declare a special nonrecurring cash dividend on
      or
      a redemption of the Common Stock, (c) the Company shall authorize the granting
      to all holders of Common Stock rights or warrants to subscribe for or purchase
      any shares of capital stock of any class or of any rights, (d) the approval
      of
      any stockholders of the Company shall be required in connection with any
      reclassification of the Common Stock, any consolidation or merger to which
      the
      Company is a party, any sale or transfer of all or substantially all of the
      assets of the Company, or any compulsory share of exchange whereby the Common
      Stock is converted into other securities, cash or property, or (e) the Company
      shall authorize the voluntary or involuntary dissolution, liquidation or winding
      up of the affairs of the Company; then the Company shall notify the Holders
      at
      their last addresses as they shall appear upon the stock books of the Company,
      at least 10 calendar days prior to the applicable record or effective date
      hereinafter specified, a notice stating (x) the date on which a record is to
      be
      taken for the purpose of such dividend, distribution, redemption, rights or
      warrants, or if a record is not to be taken, the date as of which the holders
      of
      Common Stock of record to be entitled to such dividend, distributions,
      redemption, rights or warrants are to be determined or (y) the date on which
      such reclassification, consolidation, merger, sale, transfer or share exchange
      is expected to become effective or close, and the date as of which it is
      expected that holders of Common Stock of record shall be entitled to exchange
      their Common Stock for securities, cash or other property deliverable upon
      such
      reclassification, consolidation, merger, sale, transfer or share exchange.
      Holders are entitled to convert shares of Preferred Stock during the 20-day
      period commencing the date of such notice to the effective date of the event
      triggering such notice. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d)  The
      Company covenants that it will at all times reserve and keep available out
      of
      its authorized and unissued shares of Common Stock solely for the purpose of
      issuance upon conversion of Preferred Stock, each as herein provided, free
      from
      preemptive rights or any other actual contingent purchase rights of persons
      other than the Holders, not less than such number of shares of Common Stock
      as
      shall be issuable (taking into account the provisions of Section 5(a) and
      Section 5(c)) upon the conversion of all outstanding shares of Preferred Stock.
      The Company covenants that all shares of Common Stock that shall be so issuable
      shall, upon issue, be duly and validly authorized, issued and fully paid and
      nonassessable and that upon issuance such shares shall be listed on each
      securities exchange, if any, on which the other shares of outstanding Common
      Stock of the Company are then listed..

     

    (e)  Upon
      a
      conversion hereunder the Company shall not be required to issue stock
      certificates representing fractions of shares of Common Stock, but may if
      otherwise permitted, make a cash payment in respect of any final fraction of
      a
      share based on the Per Share Market Value at such time or issue one additional
      share of Common Stock. If any fraction of an Underlying Share would, except
      for
      the provisions of this Section, be issuable upon a conversion hereunder, the
      Company shall pay an amount in cash equal to the Conversion Ratio multiplied
      by
      such fraction.

     

    (f)  The
      issuance of certificates for Common Stock on conversion of Preferred Stock
      shall
      be made without charge to the Holders thereof for any documentary stamp or
      similar taxes that may be payable in respect of the issue or delivery of such
      certificate, provided that the Company shall not be required to pay any tax
      that
      may be payable in respect of any transfer involved in the issuance and delivery
      of any such certificate upon conversion in a name other than that of the Holder
      of such shares of Preferred Stock so converted.

     

    (g)  Shares
      of
      Preferred Stock converted into Common Stock or redeemed in accordance with
      the
      terms hereof shall be canceled and may not be reissued.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (h)  Any
      and
      all notices or other communications or deliveries to be provided by the Holders
      of the Preferred Stock hereunder, including, without limitation, any Conversion
      Notice, shall be in writing and delivered personally, by facsimile or sent
      by a
      nationally recognized overnight courier service, addressed to the attention
      of
      the Chief Financial Officer of the Company addressed to 100 Eagle Rock Avenue,
      East Hanover, New Jersey 07936, Facsimile No.: (973) 560-9500, attention Chief
      Financial Officer, or to such other address or facsimile number as shall be
      specified in writing by the Company for such purpose. Any and all notices or
      other communications or deliveries to be provided by the Company hereunder
      shall
      be in writing and delivered personally, by facsimile or sent by a nationally
      recognized overnight courier service, addressed to each Holder at the facsimile
      telephone number or address of such Holder appearing on the books of the
      Company, or if no such facsimile telephone number or address appears, at the
      principal place of business of the Holder. Any notice or other communication
      or
      deliveries hereunder shall be deemed given and effective on the earliest of
      (i)
      the date of transmission, if such notice or communication is delivered via
      facsimile at the facsimile telephone number specified in this Section at or
      prior to 5:00 p.m. (Eastern Time) (with confirmation of transmission) on a
      Trading Day, (ii) the Trading Day after the date of transmission, if such notice
      or communication is delivered via facsimile at the facsimile telephone number
      specified in this Section later than 5:00 p.m. (Eastern Time) on any date and
      earlier than 11:59 p.m. (Eastern Time) on such date (with confirmation of
      transmission), (iii) the next Trading Day, if sent by a nationally recognized
      overnight courier service, or (iv) upon actual receipt by the party to whom
      such
      notice is required to be given. 

    

    Section
      6.  Redemption.
      On the
      date that is 60 months from the Original Issue Date (the “Redemption
      Date”),
      all
      of the outstanding Preferred Stock shall be redeemed for a per share redemption
      price equal to the Stated Value on the Redemption Date (the “Redemption
      Price”).
      The
      Redemption Price is payable by the Company in cash and shall be paid within
      five
      Trading Days after the Redemption Date. In the event the Company elects to
      pay
      all or some of the Redemption Price in shares of Common Stock, the shares of
      Common Stock to be delivered to the Holders shall be valued at the Fifteen-Day
      VWAP on the Redemption Date.

     

    Section
      7.  Definitions.
      For the
      purposes hereof, the following terms shall have the following
      meanings:

    

    “Change
      of Control Transaction”
means
      the occurrence of any of (i) an acquisition after the date hereof by an
      individual or legal entity or “group” (as described in Rule 13d-5(b)(1)
      promulgated under the Exchange Act) of effective control (whether through legal
      or beneficial ownership of capital stock of the Company, by contract or
      otherwise) of in excess of 50% of the voting securities of the Company, (ii)
      a
      replacement at one time or over time of more than one-half of the members of
      the
      Company’s board of directors which is not approved by a majority of those
      individuals who are members of the board of directors on the date hereof (or
      by
      those individuals who are serving as members of the board of directors on any
      date whose nomination to the board of directors was approved by a majority
      of
      the members of the board of directors who are members on the date hereof),
      (iii)
      the merger of the Company with or into another entity that is not majority
      owned
      by the Company, consolidation or sale of all or substantially all of the assets
      of the Company in one or a series of related transactions, or (iv) the execution
      by the Company of an agreement to which the Company is a party or by which
      it is
      bound, providing for any of the events set forth above in (i), (ii) or (iii)
      above.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    “Commission”
means
      the Securities and Exchange Commission.

    

    “Common
      Stock”
means
      the Company’s common stock, par value $.001 per share, and stock of any other
      class into which such shares may hereafter have been reclassified or
      changed.

    

    “Conversion
      Ratio”
means,
      at any time, a fraction, the numerator of which is Stated Value and the
      denominator of which is the Conversion Price at such time.

    

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended.

    

    “Fifteen-Day
      VWAP”
means,
      for any date, the average daily volume weighted Market Price for the fifteen
      consecutive Trading Days ending on the Trading Day immediately prior to the
      date
      for which such price is determined. 

    

    “Junior
      Securities”
means
      the Common Stock and all other equity or equity equivalent securities of the
      Company other than those securities that are outstanding on the Original Issue
      Date and which are explicitly senior in rights or liquidation preference to
      the
      Preferred Stock.

     

    “Market
      Price”
means,
      with respect to the Common Stock, as of the date of determination, (a) the
      closing price of the Common Stock on a national securities exchange or as quoted
      on the Nasdaq National Market or the Nasdaq SmallCap Market on such day, as
      reported by the Wall Street Journal; or (b) if the Common Stock is quoted on
      the
      Nasdaq National Market or the Nasdaq SmallCap Market but no sale occurs on
      such
      day, the average of the closing bid and asked prices of the Common Stock on
      the
      Nasdaq National Market or the Nasdaq SmallCap Market on such day, as reported
      by
      the Wall Street Journal; or (c) if the Common Stock is not so listed or quoted,
      the average of the closing bid and asked prices of the Common Stock in the
      U.S.
      over-the-counter market; or (d) if none of (a), (b) or (c) is applicable, a
      market price per share determined by the Board of Directors (acting in good
      faith pursuant to the exercise of its fiduciary duties).

    

    “Original
      Issue Date”
shall
      mean the date of the first issuance of any shares of the Preferred Stock
      regardless of the number of transfers of any particular shares of Preferred
      Stock and regardless of the number of certificates which may be issued to
      evidence such Preferred Stock.

    

    “Per
      Share Market Value”
means
      on any particular date (a) the lowest sale price for a share of the Common
      Stock
      (other than a sale by the Holder) on such date on the market on which the Common
      Stock is then listed or quoted, or if there is no such price on such date,
      then
      the lowest sale price of the Common Stock (other than a sale by the Holder)
      on
      the market on the date nearest preceding such date, or (b) if the Common Stock
      is not then listed or quoted on a market, the lowest sale price of the Common
      Stock (other than a sale by the Holder) in the OTC, as reported by the Pink
      Sheets, LLC or similar organization or agency succeeding to its functions of
      reporting prices) at the close of business on such date, or (c) if the Common
      Stock is not then reported by the Pink Sheets, LLC (or similar organization
      or
      agency succeeding to its functions of reporting prices), then the lowest “Pink
      Sheet” quotes for the relevant conversion period, as determined in good faith by
      the Holder, or (d) if the Common Stock are not then publicly traded the fair
      market value of a share of Common Stock as determined by an Appraiser selected
      in good faith by the Holders of a majority of the shares of the Preferred Stock.
      

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    “Person”
means
      a
      corporation, an association, a partnership, an organization, a business, an
      individual, a government or political subdivision thereof or a governmental
      agency.

    

    “Purchase
      Agreement”
means
      the Stock Purchase Agreement, dated as of the Original Issue Date, to which
      the
      Company and the original Holders are parties, as amended, modified or
      supplemented from time to time in accordance with its terms.

    

    “Securities
      Act”
means
      the Securities Act of 1933, as amended.

    

    “Trading
      Day”
means
      (a) a day on which the Common Stock is traded on a national securities exchange,
      the Nasdaq National Market or the Nasdaq SmallCap Market, on which the Common
      Stock is then listed or quoted, as the case may be, or (b) if the Common Stock
      is not listed on a market listed in (a), a day on which the Common Stock is
      traded in the over the counter market, as reported by the OTC, or (c) if the
      Common Stock is not quoted on the OTC, a day on which the Common Stock is quoted
      in the over the counter market as reported by the Pink Sheets, LLC (or any
      similar organization or agency succeeding its functions of reporting prices);
      provided, however, that in the event that the Common Stock is not listed or
      quoted as set forth in (a), (b) and (c) hereof, then Trading Day shall mean
      any
      day except Saturday, Sunday and any day which shall be a legal holiday or a
      day
      on which banking institutions in the State of New York are authorized or
      required by law or other government action to close.

    

    RESOLVED
      FURTHER, that the Chairman, the President or any Vice President, and the
      Secretary, of the Company be and they hereby are authorized and directed to
      prepare and file a Certificate of Designation of Preferences, Rights and
      Limitations in accordance with the foregoing resolution and the provisions
      of
      Delaware law.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate this
      2nd
      day of
      February, 2006.

    

    
      
        	 	 	 
	 	 
	 
 	 
 	 
 
	 	  	 
	 	
                
Scott
                Newman
	 	President
                and
                Chief Executive Officer

      

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    NOTICE
      OF
      CONVERSION

    

    The
      undersigned hereby elects to convert the number of shares of Series A
      Convertible Preferred Stock indicated below, into shares of common stock, par
      value $.001 per share (the “Common
      Stock”),
      of
      Conversion Services International, Inc., a Delaware corporation (the
“Company”),
      according to the conditions hereof, as of the date written below. If shares
      are
      to be issued in the name of a person other than undersigned, the undersigned
      will pay all transfer taxes payable with respect thereto and is delivering
      herewith such certificates and opinions as reasonably requested by the Company
      in accordance therewith. No fee will be charged to the Holder for any
      conversion, except for such transfer taxes, if any. By tendering this Notice
      of
      Conversion, the undersigned hereby covenants to comply with the prospectus
      delivery requirements under the Securities Act of 1933, as amended, applicable
      to it with respect to resales of the shares of Common Stock issuable upon the
      conversion requested hereby pursuant to a registration statement and, in
      connection therewith, covenants that, unless otherwise specified below, such
      shares have been or are intended to be sold in ordinary brokerage
      transactions.

    

    Conversion
      calculations: 

                                                   
      _________________________________________________________________________

    Date
      to
      Effect Conversion

    

                                                   
_________________________________________________________________________

    Number
      of
      shares of Preferred Stock owned prior to Conversion 

    

                                                   
_________________________________________________________________________

    Number
      of
      shares of Preferred Stock to be Converted

    

                                                   
_________________________________________________________________________

    Stated
      Value of shares of Preferred Stock to be Converted

    

                                                   
_________________________________________________________________________

    Number
      of
      shares of Common Stock to be Issued

    

                                                   
_________________________________________________________________________

    Applicable
      Conversion Price 

    

                                                   
_________________________________________________________________________

    Number
      of
      shares of Preferred Stock subsequent to Conversion

    

                                                   
_________________________________________________________________________

    Signature
      

     

                                                   
_________________________________________________________________________

    Name
      

    

                                                   
_________________________________________________________________________

    Address

     

    Accepted
      and Agreed: 

    Conversion
      Services International, Inc.

    

    By:
      _____________________________________

          
      Name:

          
      Title:

     

    
      
        
        

      

      11Exhibit
      10.1

    

    STOCK
      PURCHASE AGREEMENT

    

    THIS
      STOCK PURCHASE AGREEMENT (this “Agreement”)
      is
      made as of February 2, 2006, by and among Conversion Services International,
      Inc., a Delaware corporation (the “Company”),
      with
      an address of 100 Eagle Rock Avenue, East Hanover, New Jersey 07936, and Taurus
      Advisory Group, LLC, a ____ limited liability company, with an address of 2
      Landmark Square, Suite 211, Stamford, CT 06901, along with each additional
      party
      set forth on Schedule A hereto (each an “Investor”)
      that
      enters into this Agreement pursuant to an Additional Closing (as defined
      below).

    

    RECITALS

     

    WHEREAS,
      the Investor desires to purchase and acquire, and the Company desires to issue
      and sell to the Investor, shares of shares of the Company's Series A Convertible
      Preferred Stock (the “Series
      A Preferred Stock”)
      in the
      form of the Certificate of Designations of Preferences, Rights and Limitations
      of Series A Convertible Preferred Stock appended hereto as Exhibit
      A (the
      "Series
      A Certificate of Designations"),
      and a
      warrant to purchase Common Stock, the form of which is attached as Exhibit
      B
      hereto
      (the “Warrant”);
      and

     

    WHEREAS,
      the parties hereto desire to enter into this Agreement.

     

    AGREEMENT

     

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      in
      this Agreement and other good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, the parties hereto agree as
      follows:

     

    1. Sale
      of
      Series A Convertible Preferred Stock.

    

    1.1
       Sale
      and
      Issuance of Series A Convertible Preferred Stock.

    

    Subject
      to the terms and conditions of this Agreement, the Investor agrees to purchase
      at the Closing (as defined below), and the Company agrees to sell and issue
      to
      the Investor at the Closing, 19,000 shares of the Company's Series A Convertible
      Preferred Stock (the “Series
      A Preferred Stock”),
      $.001
      par value per share and stated value $100.00 per share, at a purchase price
      of
      $100 per share. Each share of shall be convertible, subject to applicable
      anti-dilution provisions, into 200 shares of Common Stock. 

    

    1.2 Warrant.
      The
      Company shall issue to the Investor the Warrant to purchase, subject to
      applicable anti-dilution provisions, an aggregate of 1,900,000 shares of Common
      Stock at $0.60 cents per share until January [__], 2011, subject to the
      compliance with applicable securities laws.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    1.3
       Closing.

    

    (a)
      The
      purchase and sale of the Series A Preferred Stock and the Warrant shall take
      place at such time and place as shall be mutually agreed upon between the
      Investors and the Company (the “Closing”).

     

    (b)
      At
      the Closing, the Investor shall deliver to the Company the amount of its
      investment in immediately available funds by certified check or wire transfer
      to
      an account of the Company designated by the Company or such other manner
      reasonably acceptable to the Company.

    

    (c)
      At
      the Closing, the Company shall deliver to the Investor a certificate for the
      shares of Series A Preferred Stock to be issued to the Investor in definitive
      form and duly registered in the name of the Investor, and the
      Warrant.

    

    2. Representations
      and Warranties of the Company. [Except for the exceptions set forth on the
      Schedule of Exceptions attached hereto and furnished to the Investor, which
      exceptions shall be deemed to be representations and warranties as if made
      hereunder, t]he Company hereby represents and warrants to the Investor
      that:

    

    2.1
      Organization; Good Standing; Qualification and Corporate Power.

    

    (a)
      The
      Company and each of its subsidiaries is a corporation duly organized, validly
      existing and in good standing under the laws of its jurisdiction of
      incorporation and has all requisite corporate power and authority to carry
      on
      its business as now conducted and as proposed to be conducted. The Company
      and
      each of its subsidiaries is duly qualified to transact business and is in good
      standing in each jurisdiction in which the failure so to qualify would have
      a
      material adverse effect on its business or properties. True and correct copies
      of the Company's Certificate of Incorporation, as amended (the "Certificate
      of Incorporation")
      and
      Bylaws have been provided to the Investor or made available via the SEC EDGAR
      website.

    

    (b)
      The
      Company has all requisite legal and corporate power and authority to execute
      and
      deliver this Agreement among the Company and the Investor, to issue and sell
      the
      Series A Preferred Stock and the Warrant and to carry out and perform its
      obligations under the terms of this Agreement and to consummate the transactions
      contemplated hereby and thereby. All necessary corporate action has been taken
      by the Company with respect to the execution, delivery and performance by the
      Company of this Agreement and the consummation of the transactions contemplated
      hereby and thereby. The Series A Preferred Stock, when issued in
      accordance pursuant to the terms of the Agreement,
      will be
      legally issued, fully paid and non assessable and the purchasers thereof will
      own the Series A Preferred Stock, free and clear of all liens and encumbrances.
      The Warrant, when in accordance pursuant to the terms of the Agreement, will
      constitute the legally binding obligation of the Company in accordance with
      its
      terms. 

    

    2.2
       Capitalization
      and Voting Rights. The authorized capital of the Company consists
      of:

    

    (a)
      Common Stock. 85,000,000 shares of common stock, $.001 par value per share
      (the
      "Common Stock"), of which 54,093,916 shares are issued and outstanding as of
      the
      date hereof.

    

    (b)
      Preferred Stock. 20,000,000 shares of preferred stock (the "Preferred
      Stock"),
      of
      which 0 shares are issued and outstanding as of the date hereof.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.3
       Subsidiaries;
      Interests of the Company. Except as set forth in the Company’s public filings
      with the Securities and Exchange Commission (the “SEC
      Documents”),
      the
      Company does not currently own or control, directly or indirectly, any interest
      in any other Person.

    

    2.4
       Authorization.
      This Agreement and all other agreements executed and delivered by the Company
      in
      connection therewith, have been duly authorized, executed and delivered by
      the
      Company and constitute the legal, valid and binding obligations of the Company,
      enforceable in accordance with their respective terms, subject to (i) applicable
      bankruptcy, insolvency, reorganization and moratorium laws, (ii) other laws
      of
      general application affecting the enforcement of creditors' rights generally
      and
      general principles of equity, (iii) the discretion of the court before which
      any
      proceeding therefor may be brought, and (iv) as rights to indemnity may be
      limited by federal or state securities laws or by public policy.

    

    2.5
       Governmental
      Consents. No consent, approval, order, or authorization of, or
      registration,

    qualification,
      designation, declaration or filing with, any federal, state, local or provincial
      governmental authority on the part of the Company is required in connection
      with
      the consummation of the transactions contemplated by this Agreement. The Company
      and each of its subsidiaries has obtained all federal, state, local and foreign
      governmental licenses and permits material to and necessary in the conduct
      of
      its business, such licenses and permits are in full force and effect, no
      material violations are or have been recorded in respect of any such licenses
      or
      permits, and no proceeding is pending or threatened to revoke or limit any
      thereof. There are no consents or waivers necessary for the consummation of
      the
      transactions contemplated by this Agreement.

    

    2.6
       Litigation.
      Except as set forth in the SEC Documents, (i) there is no action, suit,
      proceeding, or investigation pending or currently threatened against the
      Company, and (ii) in the Company's reasonable judgment, none of such disclosures
      are likely to question the validity of this Agreement, or the right of the
      Company to enter into such agreements, or to consummate the transactions
      contemplated hereby or thereby, or which might result, either individually
      or in
      the aggregate, in any material adverse change in the assets, condition, affairs,
      or property of the Company, financially or otherwise, or any change in the
      current equity ownership of the Company, including, without limitation, actions
      pending or to the Company's knowledge threatened involving the prior employment
      of any of the Company's employees, their use in connection with the Company's
      business of any information or techniques allegedly proprietary to any of their
      former employers, or their obligations under any agreements with prior
      employers.

    

    2.7
       Compliance
      with Other Instruments. The Company is not in violation or default of any
      provisions of its Certificate of Incorporation or Bylaws or of any instrument,
      judgment, order, writ, decree, or contract to which it is a party or by which
      it
      is bound or, to its knowledge, of any provision of Federal or state statute,
      rule or regulation, license, or permit applicable to the Company, the violation
      or default of which would have a material adverse effect on the Company. The
      execution, delivery, and performance of this Agreement and the consummation
      of
      the transactions contemplated hereby and thereby will not result in any such
      violation or be in conflict with or constitute, with or without the passage
      of
      time and giving of notice, either a default under any such provision,
      instrument, judgment, order, writ, decree, or material contract or an event
      which results in the creation of any lien, charge, or encumbrance upon any
      assets of the Company.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.8 Finders'
      Fees. There is no investment banker, broker, finder or other intermediary that
      has been retained by or is authorized to act on behalf of the Company who might
      be entitled to any fee or commission from the Investor upon consummation of
      the
      transactions contemplated by this Agreement.

    

    3.
       Representations
      and Warranties of the Investor. Each Investor, severally and not jointly, hereby
      represents and warrants to the Company that:

    

    3.1
       Organization
      and Existence. To the extent indicated on the signature pages hereto, the
      Investor is either (i) a limited partnership duly organized and validly existing
      under the laws of its respective state of formation, (ii) a limited liability
      company duly organized and validly existing under the laws of its respective
      state of formation, (iii) a corporation duly organized and validly existing
      under the laws of its respective state of incorporation or (iv) an individual.
      The Investor represents that it was not

    organized
      for the purpose of making an investment in the Company.

    

    3.2
       Authorization.
      The execution, delivery and performance of this Agreement and any applicable
      ancillary agreements by the Investor and the consummation by the Investor of
      the
      transactions contemplated hereby and thereby are within the powers of the
      Investor and have been duly authorized by all necessary individual, corporate,
      partnership or limited liability company action, as appropriate, on the part
      of
      the Investor. This Agreement and any applicable ancillary agreements constitute
      valid and binding agreements of the Investor, enforceable in accordance with
      their respective terms, subject to (i) applicable bankruptcy, insolvency,
      reorganization and moratorium laws, (ii) other laws of general application
      affecting the enforcement of creditors' rights generally and general principles
      of equity, (iii) the discretion of the court before which any proceeding
      therefor may be brought, and (iv) as rights to indemnity may be limited by
      federal or state securities laws or by public policy. All action required for
      the lawful execution and delivery of this Agreement and any applicable ancillary
      agreements has been taken.

    

    3.3
       Finders'
      Fees. There is no investment banker, broker, finder or other intermediary that
      has been retained by or is authorized to act on behalf of the Investor who
      might
      be entitled to any fee or commission from the Company upon consummation of
      the
      transactions contemplated by this Agreement.

    

    3.4
       Purchase
      Entirely for Own Account. The Series A Preferred Stock to be received by the
      Investor pursuant to the terms hereof will be acquired for investment for the
      Investor's own account, not as a nominee or agent, and not with a view to the
      resale or distribution of any part thereof. The Investor has no current
      intention of selling, granting any participation in, or otherwise distributing
      the shares of Series A Preferred Stock acquired by the Investor except in
      compliance with applicable securities laws. The Investor has no contract,
      undertaking, agreement or arrangement with any Person to sell or transfer,
      or
      grant any participation to such Person or to any third Person, with respect
      to
      any shares of Series A Preferred Stock to be acquired by the
      Investor.

    

    3.5
       Investor
      Address, Access to Information, Experience, Etc.

    

    (a)
      The
      address set forth on the signature pages of this Agreement is the Investor's
      true and correct business, residence or domicile address. The Investor has
      received and read and is familiar with this Agreement. The Investor has had
      an
      opportunity to ask questions of and receive answers from representatives of
      the
      Company concerning the terms and conditions of this investment. The Investor
      has
      substantial experience in evaluating non-liquid investments such as the Series
      A
      Preferred Stock and is capable of evaluating the merits and risks of an
      investment in the Company. The Investor is an “accredited investor” as that term
      is defined in Rule 501 of Regulation D promulgated under the Securities Act
      of
      1933, as amended (the “Securities
      Act”).

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)
      The
      Investor has been furnished access to the business records of the Company and
      such additional information and documents as the Investor has requested and
      has
      been afforded an opportunity to ask questions of, and receive answers from,
      representatives of the Company concerning the terms and conditions of this
      Agreement, the purchase of the Series A Preferred Stock, the business,
      operations, market potential, capitalization, financial condition and prospects
      of the Company, and all other matters deemed relevant to the
      Investor.

    

    (c)
      The
      Investor acknowledges that it has had an opportunity to evaluate all information
      regarding the Company as it has deemed necessary or desirable in connection
      with
      the transactions contemplated by this Agreement, has independently evaluated
      the
      transactions contemplated by this Agreement and has reached its own decision
      to
      enter into this Agreement.

    

    3.6
       Restricted
      Securities. The Investor understands that the shares of Series A Preferred
      Stock
      to be acquired by the Investor and the Common Stock issuable upon conversion
      of
      the shares of Series A Preferred Stock and exercise of the Warrant have not
      been
      registered under the Securities Act or the laws of any state and may not be
      sold
      or transferred, or otherwise disposed of, without registration under the
      Securities Act and applicable state securities laws, or pursuant to an exemption
      therefrom. In the absence of an effective registration statement or an exemption
      therefrom covering the shares of Series A Preferred Stock to be acquired by
      the
      Investor and the Common Stock issuable upon conversion of the shares of Series
      A
      Preferred Stock and exercise of the Warrant, the Investor will not sell or
      transfer, or otherwise dispose of, the shares of Series A Preferred Stock to
      be
      acquired by the Investor only in a manner consistent with its representations
      and agreements set forth herein, the terms and conditions set forth in the
      ancillary agreements and any applicable Federal and state securities
      laws.

    

    3.7
       Legends.
      It is understood that the certificates evidencing the shares of Series A
      Preferred Stock may bear one or all of the following legends:

    

           
      (a) THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE

    SECURITIES
      LAWS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF IN THE ABSENCE
      OF
      AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT TO THE SECURITIES EVIDENCED
      BY
      THIS CERTIFICATE, FILED AND MADE EFFECTIVE UNDER THE SECURITIES ACT OF 1933,
      AS
      AMENDED, AND SUCH APPLICABLE STATE SECURITIES LAWS OR, UNLESS REASONABLY
      REQUESTED BY THE COMPANY, THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH ACT
      AND
      SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

    

          
      (b)  Any
      legend required by the Blue Sky laws of any state.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      legend referred to in clause (a) above shall be removed by the Company from
      any
      certificate at such time as the holder of the securities represented by the
      certificate delivers an opinion of counsel reasonably satisfactory to the
      Company to the effect that such legend is not required in order to establish
      compliance with any provisions of the Securities Act, or at such time as the
      holder of such shares satisfies the requirements of Rule 144(k) or such other
      substantially similar rule promulgated under the Securities Act then in effect
      under the Securities Act; provided, that the Company has received from the
      holder a written representation that (i) such holder is not an affiliate of
      the
      Company and has not been an affiliate during the preceding three (3) months,
      (ii) such holder has beneficially owned the shares represented by the
      certificate for a period of at least two (2) years (or the period of time then
      required by Rule 144(k) or such other substantially similar rule promulgated
      under the Securities Act then in effect), and (iii) such holder otherwise
      satisfies the requirements of Rule 144(k) as then in effect with respect to
      such
      shares.

    

    4. Conditions
      of the Investor's Obligations at Closing. The obligations of the Investor under
      Sections 1.1 and 1.3(b) of this Agreement are subject to the fulfillment on
      or
      before the Closing of each of the following conditions, the waiver of which
      shall not be effective against the Investor unless the Investor has consented
      in
      writing thereto:

    

    4.1 Representations
      and Warranties. The representations and warranties of the Company contained
      in
      Section 2 shall be true on and as of the Closing with the same effect as though
      such representations and warranties had been made on and as of the date of
      the
      Closing.

    

    4.2
       Performance.
      The Company shall have performed and complied with all agreements, obligations,
      and conditions contained in this Agreement that are required to be performed
      or
      complied with by it on or before the Closing.

    

    4.3
       Filing
      with the Secretary of the State of Delaware. The Company shall have filed with
      the Secretary of the State of Delaware the Series A Certificate of
      Designations.

    

    4.4
       Share
      Certificates and Warrant. The Investor shall have received a certificate or
      certificates representing such number of Series a Preferred Shares of their
      investment and the Warrant with all such certificates and the Warrant registered
      in the name of each such respective Investor.

    

    4.5
       Consents
      and Waivers. The Company shall have obtained any and all consents and waivers
      necessary or appropriate for consummation of the transactions contemplated
      by
      this Agreement and any ancillary agreements.

    

    4.6 Execution
      of Registration Rights Agreement. The Company shall have executed and delivered
      to the Investor the Registration Rights Agreement in the form appended hereto
      as
Exhibit
      C.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.
       Conditions
      of the Company's Obligations at Closing. The obligations of the Company under
      Sections 1.1 and 1.2(c) of this Agreement are subject to the fulfillment on
      or
      before the Closing of each of the following conditions, the waiver of which
      shall not be effective unless the Company has consented in writing
      thereto:

    

    5.1
       Representations
      and Warranties. The representations and warranties of the Investor contained
      in
      Section 3 shall be true on and as of the Closing with the same effect as though
      such representations and warranties had been made on and as of the date of
      the
      Closing.

    

    5.2
       Performance.
      The Investor shall have performed and complied with all agreements, obligations,
      and conditions contained in this Agreement that are required to be performed
      or
      complied with by it on or before the Closing.

    

    6.
       Covenants
      of the Company. In addition to the covenants set forth in the Company's
      Certificate of Incorporation, the Company agrees that, so long as any shares
      of
      Series a Preferred Stock remain outstanding:

    

    6.1
       Maintenance
      of Existence. The Company shall at all times (a) preserve, renew and keep in
      full force and effect its legal existence and rights and franchises with respect
      thereto; and (b) maintain in full force and effect all permits, licenses,
      trademarks, trade names, approvals, authorizations, leases and contracts
      necessary to carry on the business as presently or proposed to be
      conducted.

    

    6.2 Payment
      of Obligations. The Company shall pay and discharge at or before maturity,
      all
      of its material obligations and liabilities, including, without limitation,
      tax
      liabilities, except where the same may be contested in good faith by appropriate
      proceedings or as waived, forgiven or modified by the creditor, and will
      maintain, in accordance with generally accepted accounting principles as they
      then exist, appropriate reserves for the accrual of any of the
      same.

    

    6.3 Reservation
      of Shares. The Company shall at all times duly reserve for issuance the shares
      of Common Stock issuable upon conversion or exercise of the Series A Preferred
      Stock and the Warrant. The Company shall comply with the terms and conditions
      of
      the Series A Preferred Stock as set forth in the Company's Certificate of
      Incorporation including the Series A Certificate of Designations.

    

    7.
       Indemnity.
      The Company shall, with respect to the representations, warranties, covenants
      and agreements made by the Company herein indemnify, defend and hold the
      Investor (and their respective shareholders, directors, officers, employees,
      partners, agents, affiliates and controlling parties) (each, an “Indemnified
      Party”)
      harmless from and against all liability, loss or damage, together with all
      reasonable costs and expenses related thereto (including legal and accounting
      fees and expenses), arising from the untruth, inaccuracy or breach of any such
      representations, warranties, covenants or agreements of the Company contained
      in
      this Agreement or the assertion of any claims relating to the foregoing. Without
      limiting the generality of the foregoing, each Indemnified Party shall be deemed
      to have suffered liability,

    loss
      or
      damage as a result of the untruth, inaccuracy or breach of any such
      representations, warranties, covenants or agreements if such liability, loss
      or
      damage shall be suffered by the Indemnified Party as a result of, or in
      connection with, such untruth, inaccuracy or breach or any facts or
      circumstances constituting such untruth, inaccuracy or breach. The Company
      shall
      indemnify and hold harmless each Indemnified Party against any losses, claims,
      damages or liabilities, joint or several, to which any of the foregoing persons
      may become subject, insofar as such losses, claims, damages or liabilities
      (or
      actions in respect thereof) arise out of or are based upon any violations by
      the
      Company of the Securities Act or state securities or "blue sky" laws applicable
      to the Company relating to action or inaction required of the Company in
      connection with the Securities Act or registration or qualification under such
      state securities or blue sky laws; and shall reimburse each such Indemnified
      Party for any legal or any other expenses reasonably incurred by any of them
      in
      connection with investigating or defending any such loss, claim, damage,
      liability or action; provided, however, that no indemnification shall be
      required hereunder for the gross negligence or willful misconduct of any
      Indemnified Party or material breach by the Investor of any of the
      representations and warrants set forth in Section 3 hereof. In case any such
      action is brought against an Indemnified Party, the Company will be entitled
      to
      participate in and assume the defense thereof with counsel reasonably
      satisfactory to such Indemnified Party, and after notice from the Company to
      such Indemnified Party of its election to assume the defense thereof, the
      Company shall be responsible for any legal or other expenses subsequently
      incurred by the latter in connection with the defense thereof, provided that
      if
      any Indemnified Party shall have reasonably concluded that there may be one
      or
      more legal defenses available to such Indemnified Party that conflict in any
      material respect with those available to the Company, or that such claims or
      litigation involves or could have an effect upon matters beyond the scope of
      the
      indemnity provided by this Section 7, the Company shall reimburse such
      Indemnified Party and shall not have the right to assume the defense of such
      action on behalf of such Indemnified party and the Company shall reimburse
      each
      such Indemnified Party and any person controlling such Indemnified Party for
      that portion of the reasonable fees and expenses of any counsel retained by
      the
      Indemnified Party. The Company shall not make any settlement of any claims
      indemnified against hereunder without the written consent of the Indemnified
      Party or Parties, which consent shall not be unreasonably withheld. Any claim
      for indemnification under this Section 7 with respect to representations and
      warranties must be made not later than the end of the 12-month survival period
      set forth in Section 8.1.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    8.
       Miscellaneous.

    

    8.1
       Survival
      of Warranties. The warranties, representations, and covenants of the Company
      and
      the Investor contained in or made pursuant to this Agreement shall survive
      the
      execution and delivery of this Agreement and the Closing for a period of 12
      months and shall in no way be affected by any investigation of the subject
      matter thereof made by or on behalf of the Investor or the Company.

    

    8.2
       Successors
      and Assigns. The provisions of this Agreement shall be binding upon and inure
      to
      the benefit of the parties hereto and their respective successors and assigns.
      Except as provided under Section 7, neither this Agreement nor any provision
      hereof is intended to confer upon any Person other than the parties hereto
      any
      rights or remedies hereunder.

    

    8.3
       Governing
      Law. This Agreement shall be governed by and construed under the laws of the
      State of Delaware, without regard to principles of conflicts of laws and rules
      of such state.

    

    8.4
       Counterparts.
      This Agreement may be executed in two or more counterparts and by facsimile,
      each of which shall be deemed an original, but all of which together shall
      constitute one and the same instrument.

    

    8.5
       Titles
      and Subtitles. The titles and subtitles used in this Agreement are used for
      convenience only and are not to be considered in construing or interpreting
      this
      Agreement.

    

    8.6
       Notices.
      Unless otherwise provided, any notice required or permitted under this Agreement
      shall be given in writing and shall be deemed effectively given (i) upon
      personal delivery to the party to be notified, (ii) four (4) days after deposit
      with the United States Post Office, by registered or certified mail, postage
      prepaid, or (iii) one day after deposit with a reputable overnight courier
      service and addressed to the party to be notified at the address indicated
      for
      such party in the preamble above.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    8.7
       Entire
      Agreement; Amendments and Waivers. This Agreement constitutes the full and
      entire understanding and agreement among the parties with regard to the subjects
      hereof. Any term of this Agreement may be amended and the observance of any
      term
      of this Agreement may be waived (either generally or in a particular instance
      and either retroactively or prospectively), only with the written consent of
      the
      Company and Investors that represent in the aggregate at least a majority of
      the
      outstanding shares of Series A Preferred Stock (provided that no such amendment
      shall unfairly discriminate against a particular Investor relative to the other
      Investors). Any amendment or waiver effected in accordance with this Section
      8.7
      shall be binding upon each holder of any securities purchased under this
      Agreement at the time outstanding, each future holder of all such securities,
      and the Company.

    

    8.8
       Severability.
      If one or more provisions of this Agreement are held to be unenforceable under
      applicable law, such provision shall be excluded from this Agreement and the
      balance of the Agreement shall be interpreted as if such provision was so
      excluded and shall be enforceable in accordance with its terms.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Stock Purchase Agreement
      as of the day and year first above written.

    

    
      	 	 	 
	 	CONVERSION
              SERVICES INTERNATIONAL, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name: Scott
              Newman
	 	Title: President
              and Chief Executive Officer

    

     

     

    
      	 	 	 
	 	TAURUS
              ADVISORY GROUP, LLC
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name: 
	 	Title: 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
      A

    

    [As
      of
      [date], there were no additional investors.]

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"}]]