Document:

THIS
          WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE
          NOT BEEN
          REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED,
          SOLD OR
          OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
          UNDER SUCH ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE
          COMPANY
          THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT.

        

        CONVERSION
          SERVICES INTERNATIONAL, INC.

        

        COMMON
          STOCK PURCHASE WARRANT

        

        October
          19, 2007

        

        THIS
          COMMON STOCK PURCHASE WARRANT (this “Warrant”)
          of
          Conversion Services International, Inc., a corporation duly organized and
          validly existing under the laws of the State of Delaware (the “Company”),
          is
          issued to the Holder (as defined below).

        

        FOR
          VALUE
          RECEIVED, the Company hereby certifies that the registered holder hereof
          and its
          successors and assigns, _____________ (the “Holder”)
          is
          entitled to purchase from the Company _________ duly authorized, validly
          issued,
          fully paid and nonassessable shares of common stock of the Company, par
          value
          $0.001 per share (the “Common
          Stock”),
          at a
          purchase price per share equal to $0.22, as may be adjusted to the anti-dilution
          provisions set forth herein (the “Warrant
          Price”).
          The
          person or entity in whose name this Warrant (or one or more predecessor
          Warrants) is registered on the records of the Company regarding registration
          and
          transfers of the Warrant (the “Warrant
          Register”)
          is the
          owner and holder thereof for all purposes, except as described in Section
          11
          hereof.

        

        1. Vesting
          of Warrant.
          This
          Warrant shall vest and become exercisable as of the date hereof.

        

        2.
           Expiration
          of Warrant.
          This
          Warrant shall expire on October 18, 2012 (the “Expiration
          Date”).

        

        3.
           Exercise
          of Warrant.
          This
          Warrant shall be exercisable pursuant to the terms of Section
          1
          and this
Section
          3
          hereof.

        

                    3.1   
          Manner
          of
          Exercise. This Warrant may only be exercised by the Holder hereof, in accordance
          with the terms and conditions hereof, in whole or in part with respect
          to any
          portion of the Warrant, into shares of Common Stock, during normal business
          hours on any day other than a Saturday or a Sunday or a day on which commercial
          banking institutions in New York, New York are authorized by law to be
          closed (a
“Business
          Day”)
          on or
          prior to the Expiration Date with respect to such portion of the Warrant,
          by
          surrender of this Warrant to the Company at its office maintained pursuant
          to
Section
          11.2(a)
          hereof,
          accompanied by an exercise notice in substantially the form attached to
          this
          Warrant as Exhibit
          A
          (or a
          reasonable facsimile thereof) duly executed by the Holder, together with
          the
          payment of the Warrant Price. Anything to the contrary not withstanding,
          at
          any
          time that a Registration Statement under the Securities Act of 1933 (the
          “Act”)
          covering the shares issuable upon exercise of this Warrant is not
          effective,
          the
          Holder shall have the right, at his election exercised in his sole discretion,
          to exercise the Warrant, in whole or in part, and, in lieu of making the
          cash
          payment otherwise contemplated to be made to the Company upon such exercise
          in
          payment of the Exercise Price, elect instead to receive upon such exercise
          the
          "Net Number" of shares of Common Stock determined according to the following
          formula (a "Cashless
          Exercise"):
          

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        Net
          Number =   (A x B) - (A x C)

               ---------------------

                                              
          B

         

        For
          purposes of the foregoing formula: 

        

        A
          = the
          total number of shares with respect to which this Warrant is then being
          exercised.

         

        B
          = the
          Closing Sale Price of the Common Stock on the trading day immediately preceding
          the date of the Exercise Notice. 

         

        C
          = the
          Warrant Exercise Price then in effect for the applicable Warrant Shares
          at the
          time of such exercise.

         

                    3.2
  When
          Exercise Effective. Each exercise of this Warrant shall be deemed to have
          been
          effected immediately prior to the close of business on the Business Day
          on which
          this Warrant shall have been surrendered to the Company as provided in
          Section
          3.1
          hereof,
          and, at such time, the corporation, association, partnership, organization,
          business, individual, government or political subdivision thereof or a
          governmental agency (a “Person”
or
          the
“Persons”)
          in
          whose name or names any certificate or certificates for shares of Common
          Stock
          shall be issuable upon exercise as provided in Section
          3.3
          hereof
          shall be deemed to have become the holder or holders of record thereof.
          

        

        3.3
            Delivery
          of Stock Certificates. As soon as practicable after each exercise of this
          Warrant, in whole or in part, and in any event within fifteen (15) 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 hereof or, subject to Section
          10
          hereof,
          as the Holder (upon payment by the Holder of any applicable transfer taxes)
          may
          direct:

        

        (a)
          a
          certificate or certificates (with appropriate restrictive legends, as
          applicable) for the number of duly authorized, validly issued, fully paid
          and
          nonassessable shares of Common Stock to which the Holder shall be entitled
          upon
          exercise plus, in lieu of any fractional share to which the Holder would
          otherwise be entitled, all issuances of Common Stock shall be rounded up
          to the
          nearest whole share.

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

        (b)
          in
          case exercise is in part only, a new Warrant of like tenor, dated the date
          hereof and calling in the aggregate on the face thereof for the number
          of shares
          of Common Stock equal to the number of shares called for on the face of
          this
          Warrant minus the number of shares designated by the Holder upon exercise
          as
          provided in Section
          3.1
          hereof
          (without giving effect to any adjustment thereof).

        

        3.4   
          Company
          to Reaffirm Obligations. The Company will, at the time of each exercise
          of this
          Warrant, upon the written request of the Holder hereof, acknowledge in
          writing
          its continuing obligation to afford to the Holder all rights (including
          without
          limitation any rights to registration of the shares of Common Stock issued
          upon
          exercise) to which the Holder shall continue to be entitled after exercise
          in
          accordance with the terms of this Warrant; provided,
          however,
          that if
          the Holder shall fail to make a request, the failure shall not affect the
          continuing obligation of the Company to afford the rights to such
          Holder.

        

        4.
           Adjustment
          of Common Stock Issuable Upon Exercise.
          The
          Warrant Price shall be subject to be adjusted and re-adjusted from time
          to time
          as provided in this Section
          4
          and, as
          so adjusted or re-adjusted, shall remain in effect until a further adjustment
          or
          re-adjustment thereof is required by this Section
          4:

        

        4.1
            Stock
          Dividends; Stock Splits. In case the Company at any time or from time to
          time
          after the date hereof shall declare or pay any dividend on the Common Stock
          payable in Common Stock, or shall effect a subdivision of the outstanding
          shares
          of Common Stock into a greater number of shares of Common Stock (by
          reclassification or otherwise than by payment of a dividend in Common Stock),
          then, and in each case, subject to Section
          4.3
          hereof,
          the Warrant Price shall be reduced, concurrently with the dividend or
          subdivision, to a price determined by multiplying the Warrant Price by
          a
          fraction:

        

        (a)
          the
          numerator of which shall be the number of shares of Common Stock outstanding
          immediately prior to the dividend or subdivision; and 

        

        (b)
          the
          denominator of which shall be the number of shares of Common Stock outstanding
          immediately after the dividend or subdivision.

        

           Additional
          shares of Common Stock shall be deemed to have been issued and to be outstanding
          (a) in the case of any dividend, immediately after the close of business
          on the
          record date for the determination of holders of any class of securities
          entitled
          to receive the dividend, or (b) in the case of any subdivision, at the
          close of
          business on the day immediately prior to the day upon which the corporate
          action
          becomes effective. Additional shares of Common Stock deemed to have been
          issued
          pursuant to this Section
          4.1
          shall be
          deemed to have been issued for no consideration.

        

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

         

        4.2  
           Subscription
          Offerings. In case the Company shall issue to stockholders or otherwise
          rights,
          options, or warrants entitling the holders thereof to subscribe for or
          purchase
          Common Stock (or securities convertible into or exchangeable for Common
          Stock)
          at a price per share (or having a conversion price per share, in the case
          of a
          security convertible into or exchangeable for Common Stock) less than the
          lower
          of the then Exercise Price or the Current Market Price per share (as defined
          in
Paragraph
          4.4
          below)
          on the record date for the determination of stockholders entitled to receive
          such rights, or otherwise on the granting date, as the case may be, then
          in each
          such case the Exercise Price shall be adjusted by multiplying the Exercise
          Price
          in effect immediately prior to such record or granting date, as the case
          may be,
          by a fraction, of which the numerator shall be the number of shares of
          Common
          Stock outstanding on such record or granting date plus the number of shares
          of
          Common Stock which the aggregate offering price of the total number of
          shares of
          Common Stock so to be offered (or the aggregate initial conversion price
          of the
          convertible securities so to be offered) would purchase at such Exercise
          Price
          or Current Market Price, as the case may be, and of which the denominator
          shall
          be the number of shares of Common Stock outstanding on such record or granting
          date plus the number of additional shares of Common Stock to be offered
          for
          subscription or purchase (or into which the convertible or exchangeable
          securities so to be offered are initially convertible or exchangeable).
          Such
          adjustment shall become effective at the close of business on such record
          date
          or granting date, as the case may be; provided,
          however,
          that,
          to the extent the shares of Common Stock (or securities convertible into
          or
          exchangeable for shares of Common Stock) are not delivered, the Exercise
          Price
          shall be readjusted after the expiration of such rights, options, or warrants
          (but only to the extent that the Warrants are not exercised after such
          expiration), to the Exercise Price which would then be in effect had the
          adjustments made upon the issuance of such rights or warrants been made
          upon the
          basis of delivery of only the number of shares of Common Stock (or securities
          convertible into or exchangeable for shares of Common Stock) actually issued.
          In
          case any subscription price may be paid in a consideration part or all
          of which
          shall be in a form other than cash, the value of such consideration shall
          be as
          determined in good faith by the Company's Board of Directors. Shares of
          Common
          Stock owned by or held for the account of the Company or any majority-owned
          subsidiary shall not be deemed outstanding for the purpose of any such
          computation. 

        

        4.3   
          Other
          Rights to Acquire Common Stock. In case the Company shall distribute to
          all
          holders of its Common Stock evidences of its indebtedness or assets (excluding
          cash dividends or distributions paid from retained earnings of Maker) or
          rights
          or warrants to subscribe or purchase Common stock (excluding those referred
          to
          in Paragraph
          4.2
          above),
          then in each such case the Exercise Price shall be adjusted so that the
          same
          shall equal the price determined by multiplying the Exercise Price in effect
          immediately prior to the date of such distribution by a fraction of which
          the
          numerator shall be the Current Market Price per share (as defined in
Paragraph
          4.4
          below)
          of the Common Stock on the Record Date mentioned below less the then fair
          market
          value (as determined in good faith by the Board of Directors of the Company)
          of
          the portion of the assets or evidences of indebtedness so distributed or
          of such
          rights or warrants applicable to one share of Common Stock, and the denominator
          shall be the Current Market Price per share of the Common Stock. Such adjustment
          shall become effective immediately after the Record Date for the determination
          of shareholders entitled to receive such distribution. 

         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

         

        4.4   
          For
          the
          purpose of any computation under Paragraph
          4.2 and 3
          of this
Section
          4,
          the
          Current Market Price per share of Common Stock on any date shall be deemed
          to be
          the average of the daily closing prices for the 30 consecutive trading
          days
          commencing 45 trading days before such date. The closing price for each
          day
          shall be the last reported sales price regular way or, in case no such
          reported
          sale takes place on such day, the closing bid price regular way, in either
          case
          on the principal national securities exchange on which the Common Stock
          is
          listed or admitted to trading or, if the Common Stock is not listed or
          admitted
          to trading on any national securities exchange, the highest reported bid
          price
          as furnished by the National Association of Securities Dealers, Inc. through
          NASDAQ or similar organization if NASDAQ is no longer reporting such
          information, or by the Pink Sheets, LLC or similar organization if the
          Common
          Stock is not then quoted on an inter-dealer quotation system. If on any
          such
          date the Common Stock is not quoted by any such organization, the fair
          value of
          the Common Stock on such date, as determined in good faith by the Company's
          Board of Directors, shall be used.

        

        4.5   
          Adjustments
          for Combinations. In case the outstanding shares of Common Stock shall
          be
          combined or consolidated, by reclassification or otherwise, into a lesser
          number
          of shares of Common Stock, the Warrant Price in effect immediately prior
          to the
          combination or consolidation shall, concurrently with the effectiveness
          of such
          combination or consolidation, be proportionately increased. Adjustment
          under
          this Section
          4.5
          shall
          become effective at the close of business on the day immediately prior
          to the
          day upon which the corporate action becomes effective.

        

        4.6   
          Minimum
          Adjustment of Warrant Price. If the amount of any adjustment of the Warrant
          Price required pursuant to this Section
          4
          would be
          less than one percent (1%) of the Warrant Price in effect at the time of
          the
          adjustment is otherwise so required to be made, the amount shall be carried
          forward and adjustment with respect thereto made at the time of and together
          with any subsequent adjustment which, together with the amount and any
          other
          amount or amounts so carried forward, shall aggregate at least one percent
          (1%)
          of the Warrant Price.

        

        5.  Adjustments
          for Consolidation, Merger, Sale of Assets or Reorganization.
          In case
          the Company after the date hereof (a) shall consolidate with or merge into
          any
          other Person and shall not be the continuing or surviving corporation following
          the consolidation or merger, or (b) shall permit any other Person to consolidate
          with or merge into the Company and the Company shall be the continuing
          or
          surviving Person but, in connection with the consolidation or merger, the
          Common
          Stock shall be changed into or exchanged for stock or other securities
          of any
          other Person or cash or any other property, or (c) shall transfer all or
          substantially all of its properties or assets to any other Person, or (d)
          shall
          effect a capital reorganization or reclassification of the Common Stock,
          then,
          and in the case of each such transaction, proper provision shall be made
          so
          that, upon the basis and the terms and in the manner provided in this Warrant,
          the Holder, upon the exercise hereof at any time after the consummation
          of the
          transaction, shall be entitled to receive (at the aggregate Warrant Price
          in
          effect at the time of such consummation for all Common Stock issuable upon
          exercise immediately prior to the consummation), in lieu of the Common
          Stock
          issuable upon exercise prior to the consummation, the greatest amount of
          securities, cash or other property to which the Holder would actually have
          been
          entitled as a stockholder upon such consummation if the Holder had exercised
          the
          rights represented by this Warrant immediately prior thereto, subject to
          adjustments (subsequent to the consummation) as nearly equivalent as possible
          to
          the adjustments provided for in Sections
          4
          and
5
          hereof.

         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

         

        6.
           No
          Dilution or Impairment.

        

        6.1   
          The
          Company will not, by amendment of its certificate of incorporation or through
          any consolidation, merger, reorganization, transfer of assets, dissolution,
          issue or sale of securities or any other voluntary action, avoid or seek
          to
          avoid the observance or performance of any of the terms of this Warrant,
          but
          will at all times in good faith assist in the carrying out of all of the
          terms
          and in the taking of all actions necessary or appropriate in order to protect
          the rights of the Holder. Without limiting the generality of the foregoing,
          the
          Company (a) will not permit the par value of any shares of Common Stock
          receivable upon the exercise of this Warrant to exceed the amount payable
          therefor upon exercise, (b) will take all actions necessary or appropriate
          in
          order that the Company may validly and legally issue fully paid and
          nonassessable shares of Common Stock on the exercise of the Warrant and
          (c) will
          not take any action which results in any adjustment of the Warrant Price
          if the
          total number of shares of Common Stock issuable after the action upon the
          exercise of the Warrant would exceed the total number of shares of Common
          Stock
          then authorized by the Company's certificate of incorporation and available
          for
          the purpose of issuance upon exercise.

        

        6.2   
          The
          Company acknowledges that its obligation to issue shares of Common Stock
          issuable upon exercise of this Warrant is binding upon it and enforceable
          regardless of the dilution that such issuance may have on the ownership
          interests of other stockholders.

        

        7.
           Chief
          Financial Officer’s Report as to Adjustments.
          In the
          case of any adjustment or re-adjustment in the shares of Common Stock issuable
          upon the exercise of this Warrant, the Company at its expense will promptly
          compute the adjustment or re-adjustment in accordance with the terms of
          this
          Warrant 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 Warrant Price in effect
          immediately prior to the deemed issuance or sale and as adjusted and re-adjusted
          (if required by Section
          4
          hereof)
          on account thereof. The Company will forthwith mail a copy of each report
          to
          each holder of a Warrant and will, upon the written request at any time
          of any
          holder of a Warrant, furnish to the holder a like report setting forth
          the
          Warrant 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 office
          maintained pursuant to Section
          11.2(a)
          hereof
          and will cause them to be available for inspection at the office during
          normal
          business hours upon reasonable notice by any holder of a Warrant or any
          prospective purchaser of a Warrant designated by the holder
          thereof.

         

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

         

        8. Reservation
          of Shares.
          The
          Company shall at all times reserve and keep available out of its authorized
          but
          unissued shares of Common Stock, free from all taxes, liens and charges
          with
          respect to the issue thereof and not be subject to preemptive rights or
          other
          similar rights of stockholders of the Company, solely for the purpose of
          effecting the exercise of this Warrant, such number of its shares of Common
          Stock as shall from time to time be sufficient to effect the exercise thereof,
          and if at any time the number of authorized but unissued shares of Common
          Stock
          shall not be sufficient to effect the exercise of this Warrant, in addition
          to
          such other remedies as shall be available to Holder, the Company will take
          such
          corporate action as may, in the opinion of its counsel, be necessary to
          increase
          the number of authorized but unissued shares of Common Stock to such number
          of
          shares as shall be sufficient for such purposes, including without limitation,
          using its best efforts to obtain the requisite stockholder approval necessary
          to
          increase the number of authorized shares of the Company’s Common Stock. All
          shares of Common Stock issuable upon exercise of the Warrant shall be duly
          authorized and, when issued upon exercise, shall be validly issued and,
          in the
          case of shares, fully paid and nonassessable.

        

        9. Listing.
          The
          Company shall at all times comply in all respects with the Company’s reporting,
          filing and other obligations under the by-laws or rules of the upon each
          national securities exchange or automated quotation system upon which shares
          of
          Common Stock are then listed and shall list the shares issuable upon the
          exercise of this Warrant on such national securities exchange.

        

        10.
           Restrictions
          on Transfer.

        

        10.1   
          Restrictive
          Legends. This Warrant and each Warrant issued upon transfer or in substitution
          for this Warrant pursuant to Section
          11,
          each
          certificate for Common Stock issued upon the exercise of any Warrant and
          each
          certificate issued upon the transfer of any such Common Stock shall be
          transferable only upon satisfaction of the conditions specified in this
          Section
          10.
          Each of
          the foregoing securities shall be stamped or otherwise imprinted with a
          legend
          reflecting the restrictions on transfer set forth in Section
          10
          hereof
          and any restrictions required under the Act.

        

        10.2   
          Notice
          of
          Proposed Transfer; Opinion of Counsel. Prior to any transfer of any securities
          that are not registered under an effective registration statement under
          the Act
          (“Restricted
          Securities”),
          the
          Holder will give written notice to the Company of the Holder's intention
          to
          affect a transfer and to comply in all other respects with this Section
          10.2.
          Each
          notice (a) shall describe the manner and circumstances of the proposed
          transfer,
          and (b) shall designate counsel for the Holder giving the notice (who may
          be
          in-house counsel for the Holder). The Holder giving notice will submit
          a copy
          thereof to the counsel designated in the notice. The following provisions
          shall
          then apply:

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

         

        (i)
          If in
          the opinion of counsel for the Holder reasonably satisfactory to the Company
          the
          proposed transfer (i.e. private sale of Restricted Securities) may be effected
          without registration of Restricted Securities under the Act (which opinion
          shall
          state the basis of the legal conclusions reached therein), the Holder shall
          thereupon be entitled to transfer the Restricted Securities in accordance
          with
          the terms of the notice delivered by the Holder to the Company. Each certificate
          representing the Restricted Securities issued upon or in connection with
          any
          transfer shall bear the restrictive legends required by Section
          10.1
          hereof.

        

        (ii)
          If
          the opinion called for in (i) above is not delivered, the Holder shall
          not be
          entitled to transfer the Restricted Securities until either (x) receipt
          by the
          Company of a further notice from such Holder pursuant to the foregoing
          provisions of this Section
          10.2
          and
          fulfillment of the provisions of clause (i) above, or (y) such Restricted
          Securities have been effectively registered under the Act.

         

        10.3   
          Termination
          of Restrictions. The restrictions imposed by this Section
          10
          upon the
          transferability of Restricted Securities shall cease and terminate as to
          any
          particular Restricted Securities: (a) which Restricted Securities shall
          have
          been effectively registered under the Act, or (b) when, in the opinions
          of both
          counsel for the holder thereof and counsel for the Company, which opinion
          shall
          not be unreasonably withheld, such restrictions are no longer required
          in order
          to insure compliance with the Act or Section
          10
          hereof.
          Whenever such restrictions shall cease and terminate as to any Restricted
          Securities, the Holder thereof shall be entitled to receive from the Company,
          without expense (other than applicable transfer taxes, if any), new securities
          of like tenor not bearing the applicable legends required by Section
          10.1
          hereof.

        

        11.
           Ownership,
          Transfer and Substitution of Warrant.

        

        11.1   
          Ownership
          of Warrant. The Company may treat the person in whose name this Warrant
          is
          registered to in the Warrant Register maintained pursuant to Section
          11.2(b)
          hereof
          as the owner and holder thereof for all purposes, notwithstanding any notice
          to
          the contrary, except that, if and when any Warrant is properly assigned
          by a
          notice in substantially the form attached to this Warrant as Exhibit
          C
          (or a
          reasonable facsimile thereof) duly executed by the Holder in blank, the
          Company
          shall treat the bearer thereof as the owner of such Warrant for all purposes,
          notwithstanding any notice to the contrary. Subject to Section
          10
          hereof,
          this Warrant, if properly assigned, may be exercised by a new holder without
          a
          new Warrant first having been issued.

        

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

         

        11.2   
          Office;
          Transfer and Exchange of Warrant.

        

        (a)
          The
          Company will maintain an office (which may be an agency maintained at a
          bank) at
          100 Eagle Rock Avenue, East Hanover, New Jersey 07936 (until the Company
          notifies the Holder of any change of location of the office) where notices,
          presentations and demands in respect of this Warrant may be made upon
          it.

        

        (b)
          The
          Company shall cause to be kept at its office maintained pursuant to Section
          11.2(a)
          hereof a
          Warrant Register for the registration and transfer of the Warrant. The
          names and
          addresses of holders of the Warrant, the transfers thereof and the names
          and
          addresses of transferees of the Warrant shall be registered in such Warrant
          Register. The Person in whose name any Warrant shall be so registered shall
          be
          deemed and treated as the owner and holder thereof for all purposes of
          this
          Warrant, and the Company shall not be affected by any notice or knowledge
          to the
          contrary.

        

        (c)
          Upon
          the surrender of this Warrant, properly endorsed, for registration of transfer
          or for exchange at the office of the Company maintained pursuant to Section
          11.2(a)
          hereof,
          the Company at its expense will (subject to compliance with Section
          10
          hereof,
          if applicable) execute and deliver to or upon the order of the Holder thereof
          a
          new Warrant of like tenor, in the name of such holder or as such holder
          (upon
          payment by such holder of any applicable transfer taxes) may direct, calling
          in
          the aggregate on the face thereof for the number of shares of Common Stock
          called for on the face of the Warrant so surrendered.

        

        11.3   
          Replacement
          of Warrant. Upon receipt of evidence reasonably satisfactory to the Company
          of
          the loss, theft, destruction or mutilation of the Warrant and, in the case
          of
          any such loss, theft or destruction of the Warrant, upon delivery of indemnity
          reasonably satisfactory to the Company in form and amount or, in the case
          of any
          mutilation, upon surrender of the Warrant for cancellation at the office
          of the
          Company maintained pursuant to Section
          11.2(a)
          hereof,
          the Company at its expense will execute and deliver, in lieu thereof, a
          new
          Warrant of like tenor and dated the date hereof.

        

        12.
           No
          Rights or Liabilities as Stockholder.
          Except
          as
          may otherwise be provided herein, no Holder shall be entitled to vote or
          receive
          dividends or be deemed the holder of any shares of Common Stock or any
          other
          securities of the Company which may at any time be issuable on the exercise
          hereof for any purpose, nor shall anything contained herein be construed
          to
          confer upon the Holder, as such, any of the rights of a stockholder of
          the
          Company or any right to vote for the election of directors or upon any
          matter
          submitted to stockholders at any meeting thereof, or to give or withhold
          consent
          to any corporate action (whether upon any recapitalization, issuance of
          stock,
          reclassification of stock, change of par value, consolidation, merger,
          conveyance, or otherwise) or to receive notice of meetings, or to receive
          dividends or subscription rights or otherwise until the Warrant shall have
          been
          exercised and the shares of Common Stock purchasable upon the exercise
          hereof
          shall have become deliverable, as provided herein. The Holder will not
          be
          entitled to share in the assets of the Company in the event of liquidation,
          dissolution or the winding up of the Company.

         

        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

         

        13.
           Notices.
          Any
          notice or other communication in connection with this Warrant shall be
          deemed to
          be given if in writing (or in the form of a facsimile) addressed as hereinafter
          provided and actually delivered at such address: (a) if to any Holder,
          at the
          registered address of such holder as set forth in the Warrant Register
          kept at
          the office of the Company maintained pursuant to Section
          11.2(a)
          hereof,
          or (b)
          if to
          the Company, to the attention of its Chief Financial Officer at its office
          maintained pursuant to Section
          11.2(a)
          hereof;
provided,
          however,
          that
          the exercise of any Warrant shall be effective in the manner provided in
          Section
          3
          hereof.

        

        14. Payment
          of Taxes.
          The
          Company will pay all documentary stamp taxes attributable to the issuance
          of
          shares of Common Stock underlying this Warrant upon exercise of this Warrant;
          provided,
          however,
          that
          the Company shall not be required to pay any tax which may be payable in
          respect
          of any transfer involved in the registration of any certificate for shares
          of
          Common Stock underlying this Warrant in a name other that of the Holder.
          The
          Holder is responsible for all other tax liability that may arise as a result
          of
          holding or transferring this Warrant or receiving shares of Common Stock
          underlying this Warrant upon exercise hereof.

        

        15. Warrant
          Agent.
          The
          Company shall serve as warrant agent under this Warrant. Upon thirty (30)
          days
          notice to the Holder, the Company may appoint a new warrant agent. Any
          corporation into which the Company or any new warrant agent may be merged
          or any
          corporation resulting from any consolidation to which the Company or any
          new
          warrant agent shall be a party or any corporation to which the Company
          or any
          new warrant agent transfers substantially all of its corporate trust or
          stockholders services business shall be successor warrant agent under this
          Warrant without any further act. Any such successor warrant agent shall
          promptly
          cause notice of its succession as warrant agent to be mailed (by first
          class
          mail, postage prepaid) to the Holder at the Holder’s last address as shown on
          the Warrant Register.

        

        16. Miscellaneous.
          This
          Warrant 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 the change, waiver, discharge or termination is sought. This Warrant
          shall be
          construed and enforced in accordance with and governed by the laws of the
          State
          of Delaware. The section headings in this Warrant are for purposes of
          convenience only and shall not constitute a part hereof.

        

        IN
          WITNESS WHEREOF, the Company has caused this Common Stock Purchase Warrant
          to be
          duly executed as of the date first above written.

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

        

         

        
          
            
            

          

          
            10

            
              

            

          

          
            
            

          

        

        
EXHIBIT
          A

        

        FORM
          OF
          EXERCISE NOTICE

        

        [To
          be
          executed only upon conversion of Warrant]

        

        

        To
          CONVERSION SERVICES INTERNATIONAL, INC.:

        

        The
          undersigned registered holder of the within Warrant hereby irrevocably
          exercises
          the Warrant pursuant to Section
          3.1
          of the
          Warrant with respect to __________(1) shares of the Common Stock, at an
          exercise
          price per share of Common Stock of $____, which the holder would be entitled
          to
          receive upon the cash exercise hereof, and requests that the certificates
          for
          the shares be issued in the name of, and delivered to, whose address
          is:

        

        

          
            	
                    Dated:
                      _______________

                  	 
	 	 
	 	 
	 	
                    ________________________________________

                  
	 	
                    Print
                      or Type Name

                  
	 	 
	 	
                    ________________________________________

                  
	 	
                    (Signature
                      must conform in all respects to name of 

                  
	 	
                    holder
                      as specified on the face of Warrant)

                  
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (Street
                      Address)

                  
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (City)         (State)     (Zip
                      Code)

                  

          

        

        
 

        _______________________

        (1)
          Insert here the number of shares called for on the face of this Warrant
          (or, in
          the case of a partial exercise, the portion thereof as to which this Warrant
          is
          being exercised), in either case without making any adjustment of shares
          of
          Common Stock or any other stock or other securities or property or cash
          which,
          pursuant to the adjustment provisions of this Warrant, may be delivered
          upon
          exercise. In the case of a partial exercise, a new Warrant or Warrants
          will be
          issued and delivered, representing the unconverted portion of the Warrant,
          to
          the holder surrendering the Warrant.

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      
         

        EXHIBIT
          C

        FORM
          OF
          ASSIGNMENT

        

        [To
          be
          executed only upon transfer of Warrant]

        

        For
          value
          received, the undersigned registered holder of the within Warrant hereby
          sells,
          assigns and transfers unto _____________________ the right represented
          by the
          Warrant to purchase __________(1) shares of Common Stock of CONVERSION
          SERVICES
          INTERNATIONAL, INC. to which the Warrant relates, and appoints
          _____________________ Attorney to make such transfer on the books of CONVERSION
          SERVICES INTERNATIONAL, INC. maintained for the purpose, with full power
          of
          substitution in the premises.

        

        

          
            	
                    Dated:

                  	________________________________________
	
                     

                  	
                    (Signature
                      must conform in all respects 

                  
	
                     

                  	
                    to
                      name of holder as specified on the

                  
	
                     

                  	
                    face
                      of Warrant)

                  
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (Street
                      Address)

                  
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (City)     (State)     (Zip
                      Code)

                  
	 	 
	
                    Signed
                      in the presence of:

                  	 
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (Signature
                      of Transferee)

                  
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (Street
                      Address)

                  
	 	 
	
                     

                  	
                    ________________________________________

                  
	
                     

                  	
                    (City)     (State)     (Zip
                      Code)

                  
	
                    Signed
                      in the presence of:

                  	 

          

        

         

         

        _______________________

        (1)
          Insert here the number of shares called for on the face of this Warrant
          (or, in
          the case of a partial exercise, the portion thereof as to which this Warrant
          is
          being exercised), in either case without making any adjustment of shares
          of
          Common Stock or any other stock or other securities or property or cash
          which,
          pursuant to the adjustment provisions of this Warrant, may be delivered
          upon
          exercise. In the case of a partial exercise, a new Warrant or Warrants
          will be
          issued and delivered, representing the unexercised portion of the Warrant,
          to
          the holder surrendering the Warrant.

         

        
          
            
            

          

          
            12STOCK
      PURCHASE AGREEMENT

     

        This
      COMMON
      STOCK PURCHASE AGREEMENT (this “Agreement”),
      dated
      as of August 24, 2007, is entered into by and between Conversion Services
      International, Inc., a Delaware corporation (“CSI”),
      and
Stanley
      A. Star,
      with an
      address at c/o TAG
      Virgin Islands, Inc.,
      The
      Tunick Building,
      1336
      Beltjen Road, Suite 202, St. Thomas, USVI 00802 
      (the
“Purchaser”).

     

    RECITALS

     

        WHEREAS,
      the
      Purchaser desire to purchase and acquire, and CSI desires to issue and sell
      to
      the Purchaser, shares of common stock, par value $0.001 (the “Common
      Stock”)
      of CSI
      and issue warrants to purchase Common Stock in the form attached as Exhibit
      A
      hereto
      (the “Warrants”);
      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 Common Stock; Issuance of Warrants; Registration Rights.

     

            1.1  Sale
      and
      Issuance of Common Stock. Subject
      to the terms and conditions of this Agreement, at the Closing, CSI will sell
      and
      issue to the Purchaser, and the Purchaser will purchase from CSI, 550,000 shares
      of Common Stock (the “Shares”)
      at the
      purchase price of $0.21 per share for an aggregate purchase price of
$115,500.

     

            1.2  Issuance
      of Warrants. The Company shall issue to the Purchaser the Warrants to purchase,
      subject to applicable anti-dilution provisions, an aggregate of 550,000 shares
      of Common Stock at $0.22 per share until August 23, 2012, subject to the
      compliance with applicable securities laws.

     

            1.3 Registration
      Rights Agreement.
      As
      additional consideration for the Purchaser agreeing to purchase the Shares
      and
      acquire the Warrants, CSI will enter into the Registration
      Rights Agreement
      with the
      Purchaser in the form appended hereto as Exhibit
      B.

     

        2.  Closing.

     

            2.1  Closing
      Date. The purchase and sale of the Shares and the Warrants hereunder shall
      take
      place at a closing (the “Closing”),
      which
      shall be held at such time and place upon which CSI and the Purchaser shall
      agree.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

              2.2  Actions
        by CSI at the Closing. CSI shall deliver to the Purchaser a
        stock
        certificate or certificates for the Shares and the Warrants, registered in
        the
        name of Stanley A. Star and the executed Registration Rights Agreement.

    

     

            2.3 Actions
      by the Purchaser at the Closing. The Purchaser shall deliver to CSI the
$115,500
      purchase price for the Shares and the Warrants.

     

        3. Representations
      and Warranties of CSI.
      CSI
      hereby represents and warrants to the Purchaser that:

     

            3.1
 Organization;
      Good Standing; Qualification and Corporate Power.

     

                (a)
 CSI
      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. CSI 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 CSI Certificate of
      Incorporation, as amended (the "Certificate
      of Incorporation")
      and
      Bylaws have been provided to the Purchaser or made available via the SEC EDGAR
      website.

     

                (b)
 CSI
      has
      all requisite legal and corporate power and authority to execute and deliver
      this Agreement, to issue the Shares and the Warrants 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 CSI with respect to the execution, delivery and performance by
      CSI
      of this Agreement and the consummation of the transactions contemplated hereby
      and thereby. The Shares, when issued in
      accordance pursuant to the terms of the Agreement,
      will be
      legally issued, fully paid and non assessable and each Purchaser will own the
      Shares purchased by such Purchaser, free and clear of all liens and
      encumbrances. The Warrant, when issued in accordance with the terms of the
      Agreement, will constitute the legally binding obligation of CSI in accordance
      with its terms. 

     

            3.2
 Capitalization
      and Voting Rights. The authorized capital of the Company consists
      of:

     

                (a)
      Common Stock.
      200,000,000 shares of Common Stock, of which 72,149,557 shares are issued and
      outstanding as of the date hereof. The Common Stock is currently accepted for
      trading on the American Stock Exchange. 

     

                (b)
      Preferred Stock.
      20,000,000 shares of preferred stock (the "Preferred
      Stock"),
      of
      which, as of the date hereof, an aggregate of 39,000 shares are issued and
      outstanding, 19,000
      as
      Series A Convertible Preferred Stock
      and
      20,000 as Series B Convertible Preferred Stock. 

     

            3.3
 Subsidiaries;
      Interests of the Company. Except as set forth in the SEC Documents, as defined
      in Section
      3.5
      below,
      the Company does not currently own or control, directly or indirectly, any
      interest in any other partnership, limited liability company, corporation,
      joint
      stock company, trust, estate, joint venture, association or unincorporated
      organization, or any other form of business or professional entity.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

            3.4
 Authorization.
      This Agreement and all other agreements executed and delivered by CSI in
      connection therewith, have been duly authorized, executed and delivered by
      CSI
      and constitute the legal, valid and binding obligations of CSI, 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.

     

            3.5 SEC
      Documents. CSI has filed all reports, schedules, forms, statements and other
      documents required to be filed by it with the Securities and Exchange Commission
      (the “Commission”)
      pursuant to the Securities Act of 1933 (the “Securities
      Act”)
      and
      the Securities Exchange Act of 1934 (the “Exchange
      Act”)
      (the
“SEC
      Documents”),
      and
      during the 12 calendar months prior to the date hereof all such SEC Documents
      have been filed in a timely manner. CSI is currently eligible to use Form S-3
      for stockholder registration statements under the Securities Act. The SEC
      Documents have complied in all material respects with the requirements of the
      Securities Act or the Exchange Act, as the case may be, and the rules and
      regulations of the Commission promulgated thereunder applicable to the SEC
      Documents, and none of the SEC Documents, at the time they were filed with
      the
      Commission, contained any untrue statement of a material fact or omitted to
      state a material fact required to be stated therein or necessary in order to
      make the statements therein, in light of the circumstances under which they
      were
      made, not misleading. As of their respective dates, to the best of CSI’s
      knowledge during those respective dates, the financial statements of CSI
      included in the SEC Documents complied as to form in all material respects
      with
      applicable accounting requirements and the published rules and regulations
      of
      the Commission with respect thereto. Such financial statements have been
      prepared in accordance with accounting principles generally accepted in the
      United States as in effect from time to time (“GAAP”),
      consistently applied, during the periods involved (except (a) as may be
      otherwise indicated in such financial statements or the notes thereto, or (b)
      in
      the case of unaudited interim statements, to the extent they may exclude
      footnotes or may be condensed or summary statements) and fairly present in
      all
      material respects the financial condition of CSI as of the respective dates
      thereof and the results of its operations and cash flows for the respective
      periods then ended (subject, in the case of unaudited statements, to normal
      year-end audit adjustments). Except as set forth in the SEC Documents, CSI
      has
      not received notification from the Commission, the American Stock Exchange
      and/or any federal or state securities bureaus that any investigation (informal
      or formal), inquiry or claim is pending, threatened or in process against CSI
      and/or relating to any of CSI’s securities. A comment letter was received from
      the Securities and Exchange Commission relating to the Company’s December 31,
      2006 filing on Form 10-K to which the Company is currently
      responding.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

            3.6
 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 CSI is required in
      connection with the consummation of the transactions contemplated by this
      Agreement. CSI 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.

     

            3.7
 Litigation.
      Except as set forth in the SEC Documents, (i) there is no action, suit,
      proceeding, or investigation pending or currently threatened against CSI, and
      (ii) in CSI’s reasonable judgment, none of such disclosures are likely to
      question the validity of this Agreement, or the right of CSI 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 CSI,
      financially or otherwise, or any change in the current equity ownership of
      CSI,
      including, without limitation, actions pending or to CSI’s knowledge threatened
      involving the prior employment of any of CSI’s employees, their use in
      connection with CSI’s business of any information or techniques allegedly
      proprietary to any of their former employers, or their obligations under any
      agreements with prior employers.

     

            3.8
 Compliance
      with Other Instruments. CSI 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 CSI, the violation or default
      of
      which would have a material adverse effect on CSI. 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 CSI.

     

        4.  Representations
      and Warranties of the Purchaser.
      The
      Purchaser represents and warrants to CSI as follows:

     

            4.1  Review
      and Inspection. The Purchaser is relying on his own analysis regarding CSI’s
      operations, financial condition, assets, liabilities and other relevant matters
      as the Purchaser deemed necessary or desirable in order to evaluate the merits
      and risks of the prospective investment contemplated herein. The
      Purchaser acknowledges
      that he has not relied upon any information given to the Purchaser, or any
      statements made, by CSI or any officers or directors of CSI, except for the
      representations and warranties of CSI expressly made herein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

            4.2  Purchaser
      Due Diligence. The Purchaser and his representatives are solely responsible
      for
      the Purchaser’s own “due diligence” investigation of CSI and its management and
      business and for the Purchaser’s analysis of the financial future and viability
      of CSI and desirability of the terms of this investment. The Purchaser
      acknowledges that neither CSI nor any officer or director of CSI is making
      any
      representation or warranty regarding any financial projections previously given
      to the Purchaser or the assumptions underlying such financial projections,
      as
      such financial projections are subject to significant business, economic and
      other uncertainties and contingencies. The Purchaser acknowledges that if CSI
      is
      not able to operate profitably or generate positive cash flows, CSI may have
      difficulty meeting its obligations and may not be able to continue to operate
      its business, and the Purchaser could lose all of his investment. The Purchaser
      has such knowledge and experience in financial and business matters that he
      is
      capable of evaluating the merits and risks of the purchase of the Shares
      pursuant to the terms of this Agreement and of protecting his interest in
      connection therewith.

     

            4.3  Accredited
      Investor Status.
      The
      Purchaser is an “Accredited Investor” as that term is defined in Rule 501 of
      Regulation D promulgated under the Securities Act and the Purchaser is able
      to
      bear the economic risk of the purchase of the Shares pursuant to the terms
      of
      this Agreement, including a complete loss of his investment in the
      Shares.

     

            4.4  Authority
      for Agreement.
      The
      Purchaser has the full right, power and authority to enter into and perform
      his
      obligations under the Agreement, and the Agreement constitutes the valid and
      binding obligations of the Purchaser enforceable in accordance with its 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..

     

            4.5  Governmental
      Consents.
      To the
      Purchaser’s knowledge, no consent, approval or authorization of or designation,
      declaration or filing with any governmental authority on the part of the
      Purchaser is required in connection with the valid execution, delivery and
      performance of the Agreement.

     

            4.6  Taxes.
      The
      Purchaser has not relied on any statements or representations of CSI or any
      of
      its agents (other than the representations and warranties set forth herein)
      with
      respect to the federal, state, local and foreign tax consequences of this
      investment and the federal, state, local and foreign tax consequences of
      transactions contemplated by this Agreement. With respect to such matters,
      the
      Purchaser understands that he (and not CSI) shall be responsible for his own
      tax
      liability that may arise as a result of this investment or the transactions
      contemplated by this Agreement.

     

            4.7
 Restricted
      Securities.
      The
      Purchaser understands that the Shares and the Common Stock issuable upon
      exercise of the Warrants 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
      and the Common Stock issuable upon exercise of the Warrants, the Purchaser
      will
      sell or transfer, or otherwise dispose of, the Shares to be acquired by him
      only
      in a manner consistent with his representations and agreements set forth herein
      and any applicable federal and state securities laws.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
        4.8
 Legends.
      It is
      understood that the certificates evidencing the Shares may bear the following
      legend:

     

                (a)
      THE SECURITIES
      REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT OF 1933 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 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 securities (“Blue Sky”) laws of any state.

    

    The
      legend referred to in clause (a) above shall be removed by CSI from any
      certificate at such time as the holder of the securities represented by the
      certificate delivers an opinion of counsel reasonably satisfactory to CSI 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 CSI has received from the holder a written
      representation that (i) such holder is not an affiliate of CSI and has not
      been
      an affiliate during the preceding three months, (ii) such holder has
      beneficially owned the shares represented by the certificate for a period of
      at
      least two 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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

        5.  Conditions
      to the Obligations of the Purchaser.
      The
      obligation of the Purchaser to purchase the Shares at the Closing is subject
      to
      the fulfillment, or the written waiver, of each of the following conditions
      on
      or before the Closing:

     

            5.1  Accuracy
      of Representations and Warranties. Each representation and warranty of CSI
      contained in Section
      3
      hereof
      shall be true on and as of the Closing Date with the same effect as though
      such
      representation and warranty had been made on and as of that date.

     

            5.2  Performance.
      CSI shall have performed and complied with all covenants, agreements and
      conditions contained in this Agreement and required to be performed or complied
      with by CSI prior to or at the Closing.

     

            5.3  Proceedings
      and Documents. All documents and instruments incident to the transactions
      contemplated at the Closing shall be reasonably satisfactory in substance and
      form to the Purchaser and his counsel.

     

            5.4
 Share
      Certificates and Warrants. The Purchaser shall have received a certificate
      or
      certificates representing such number of Shares of his investment and the
      Warrants registered in his name.

     

            5.6 Execution
      of Registration Rights Agreement. CSI shall have executed and delivered to
      the
      Registration Rights Agreement in the form appended hereto as Exhibit
      B.

     

        6.  Condition
      to the Obligations of CSI.
      The
      obligation of CSI to sell the Shares and deliver the Warrants at the Closing
      is
      subject to fulfillment, or the written waiver, of each of the following
      conditions on or before the Closing:

     

            6.1  Accuracy
      of Representations and Warranties. Each representation and warranty of the
      Purchaser contained in Section
      4
      hereof
      shall be true on and as of the Closing Date with the same effect as though
      such
      representation and warranty had been made on and as of that date.

     

            6.2  Performance.
      All covenants, agreements and conditions contained in this Agreement and
      required to be performed by the Purchaser on or prior to the Closing Date shall
      have been performed or complied within all material respects.

     

        7.
       Covenants
      of CSI.
      In
      addition to the covenants set forth in CSI's Certificate of Incorporation,
      CSI
      agrees that, so long as the Purchaser and/or an affiliate thereof beneficially
      owns any Shares and/or a Warrant remains outstanding:

     

            7.1
 Maintenance
      of Existence. CSI 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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

            7.2 Payment
      of Obligations. CSI 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.

     

            7.3 Reservation
      of Shares. CSI shall at all times duly reserve for issuance the shares of Common
      Stock issuable upon exercise of the Warrants. 

     

        8.
       Indemnity.
      CSI
      shall, with respect to the representations, warranties, covenants and agreements
      made by it herein indemnify, defend and hold the Purchaser and his employees,
      partners, agents, counsel and affiliates (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 CSI 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. CSI 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 CSI of the Securities Act or state Blue Sky
      laws applicable to CSI relating to action or inaction required of CSI in
      connection with the Securities Act or registration or qualification under such
      state 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 a Purchaser of any
      of
      the representations and warrants set forth in Section
      4
      hereof.
      In case any such action is brought against an Indemnified Party, CSI will be
      entitled to participate in and assume the defense thereof with counsel
      reasonably satisfactory to such Indemnified Party, and after notice from CSI
      to
      such Indemnified Party of its election to assume the defense thereof, CSI 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 CSI, or that such claims or litigation involves
      or could have an effect upon matters beyond the scope of the indemnity provided
      by this Section
      8,
      CSI
      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 CSI shall
      reimburse each such Indemnified Party and any individual, partnership, limited
      liability company, corporation, joint stock company, trust, estate, joint
      venture, association or unincorporated organization, or any other form of
      business or professional entity (“Person”) controlling such Indemnified Party
      for that portion of the reasonable fees and expenses of any counsel retained
      by
      the Indemnified Party. CSI 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
      8
      with
      respect to representations and warranties must be made not later than the end
      of
      the 12-month survival period set forth in Section
      9.2.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

        9.  Miscellaneous.

     

            9.1  Assignment.
      This Agreement and all of the provisions hereof will be binding upon and inure
      to the benefit of the parties hereto and their respective successors and
      permitted assigns. Except as provided in Section
      8,
      neither
      this Agreement nor any of the rights, interests or obligations hereunder may
      be
      assigned by any party without prior written consent of the other
      party.

     

            9.2  Survival
      of Representations and Warranties. The warranties, representations and covenants
      of CSI and the Purchaser 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 Purchaser or
      CSI..

     

            9.3  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 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:

     

    If
      to
      CSI:

    

    Conversion
      Services International, Inc.

    100
      Eagle
      Rock Avenue

    East
      Hanover, NJ 07936

    Attn: Scott
      Newman, President and Chief Executive Officer

    

    If
      to the
      Purchaser:

    

    Stanley
      A. Star

    c/o
      TAG
      Virgin Islands, Inc.

    The
      Tunick Building

    1336
      Beltjen Road, Suite 202

    St.
      Thomas, VI 00802

    Attn: James
      Tagliaferri, President 

    

    With
      a
      copy to:

    

    Barry
      Feiner, Esq.

    170
      Harrison Avenue

    Harrison,
      New York 10528

    .

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

            9.4  Brokers.
      The Purchaser, on the one hand, and CSI, on the other hand (a) represents
      and warrants to the other party that he/it has not retained any finders or
      brokers in connection with the transactions contemplated by this Agreement,
      and
      (b) will indemnify and save the other party harmless from and against any
      and all claims, liabilities or obligations with respect to brokerage or finders’
fees or commissions, or consulting fees in connection with the transactions
      contemplated by this Agreement asserted by any Person on the basis of any
      statement or representation alleged to have been made by him/it.

     

            9.5  Expenses.
      CSI and the Purchaser shall bear their own expenses incurred with respect to
      this Agreement and the transactions contemplated hereby except that CSI shall
      pay the reasonable fees and expenses incurred by the Purchaser for the legal
      services rendered to him with respect to this Agreement and the transactions
      contemplated hereby. 

     

            9.6  Entire
      Agreement. This Agreement and the other documents delivered pursuant to the
      Agreement at the Closing embody the entire agreement and understanding between
      the parties hereto with respect to the subject matter hereof and supersede
      all
      prior agreements and understandings relating to such subject
      matter.

     

            9.7  Amendments
      and Waivers. 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 CSI and the Purchaser. No waivers of or exceptions to any term,
      condition or provision of this Agreement, in any one or more instances, shall
      be
      deemed to be, or construed as, a further or continuing waiver of any such term,
      condition or provision.

     

            9.8  Counterparts.
      This Agreement may be executed in one or more counterparts, each of which shall
      be deemed to be an original, but all of which shall be one and the same
      document.

     

            9.9  Section
      Headings. The Section headings are for the convenience of the parties and in
      no
      way alter, modify, amend, limit, or restrict the contractual obligations of
      the
      parties.

     

            9.10  Severability.
      Any part, provision, representation or warranty of this Agreement that is
      prohibited or that is held to be void or unenforceable shall be ineffective
      solely to the extent of such prohibition or unenforceability without
      invalidating the remaining provisions hereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

            9.11  Governing
      Law. This Agreement shall be governed by and construed in accordance with the
      laws of the State of Delaware (without regard to its conflict of laws
      principles). The parties hereto irrevocably consent to the exclusive personal
      jurisdiction of the federal and state courts located in the New York County,
      New
      York, as applicable, for any matter arising out of or relating to this
      Agreement. 

     

        IN
      WITNESS
      WHEREOF, the parties have executed this Agreement as of the date first above
      written.

     

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

      	 	 	 
	 	
              TAG
                VIRGIN ISLANDS, INC.,

              as
                agent for Stanley A. Star

            
	 
 	 
 	 
 
	 	By:  	/s/
              James Tagliaferri
	 	
              
Name: James
              Tagliaferri
	 	Title: President

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