Document:

Execution Version

                               SECURITY AGREEMENT

            This SECURITY AGREEMENT, dated as of December 15, 2004 (the
"Agreement") is by and among Visual Data Corporation, a corporation duly
organized and validly existing under the laws of the State of Florida (the
"Company"), the Purchasers identified on the signature pages hereto (each, a
"Purchaser" and collectively, the "Purchasers") and Vertical Ventures, LLC, as
agent for the Purchasers (in such capacity, together with its successors in such
capacity, the "Agent").

            The Company and each of the Purchasers are parties to a Securities
Purchase Agreement dated as of June 8, 2004 (as modified and supplemented and in
effect from time to time, the "Purchase Agreement"), that provides, subject to
the terms and conditions thereof, for the issuance and sale by the Company to
each of the Purchasers, severally and not jointly, Notes, Warrants and
Additional Investment Rights as more fully described in the Purchase Agreement.

            To induce each of the Purchasers to enter into the Purchase
Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company has agreed to pledge
and grant a security interest in the Collateral (as hereinafter defined) as
security for the Secured Obligations (as hereinafter defined). Accordingly, the
parties hereto agree as follows:

            Section 1. Definitions. Each capitalized term used herein and not
otherwise defined shall have the meaning assigned to such term in the Purchase
Agreement. In addition, as used herein:

            "Accounts" shall have the meaning ascribed thereto in Section 3(d)
hereof.

            "Business" shall mean the businesses from time to time, now or
hereafter, conducted by the Company and its Subsidiaries.

            "Collateral" shall have the meaning ascribed thereto in Section 3
hereof.

            "Copyright Collateral" shall mean all Copyrights, whether now owned
or hereafter acquired by the Company, that are associated with the Business.

            "Copyrights" shall mean all copyrights, copyright registrations and
applications for copyright registrations, including, without limitation, all
renewals and extensions thereof, the right to recover for all past, present and
future infringements thereof, and all other rights of any kind whatsoever
accruing thereunder or pertaining thereto.

            "Documents" shall have the meaning ascribed thereto in Section 3(j)
hereof.

            "Equipment" shall have the meaning ascribed thereto in Section 3(h)
hereof.

            "Event of Default" shall have the meaning ascribed thereto in
Section 10 of the Notes.
<PAGE>

            "Excluded Collateral" shall mean the assets of the Company which
secure the Permitted Indebtedness and the assets listed on Annex 2 hereto.

            "Instruments" shall have the meaning ascribed thereto in Section
3(e) hereof.

            "Intellectual Property" shall mean, collectively, all Copyright
Collateral, all Patent Collateral and all Trademark Collateral, together with
(a) all inventions, processes, production methods, proprietary information,
know-how and trade secrets used or useful in the Business; (b) all licenses or
user or other agreements granted to the Company with respect to any of the
foregoing, in each case whether now or hereafter owned or used including,
without limitation, the licenses or other agreements with respect to the
Copyright Collateral, the Patent Collateral or the Trademark Collateral; (c) all
customer lists, identification of suppliers, data, plans, blueprints,
specifications, designs, drawings, recorded knowledge, surveys, manuals,
materials standards, processing standards, catalogs, computer and automatic
machinery software and programs, and the like pertaining to the operation by the
Company of the Business; (d) all sales data and other information relating to
sales now or hereafter collected and/or maintained by the Company that pertain
to the Business; (e) all accounting information which pertains to the Business
and all media in which or on which any of the information or knowledge or data
or records which pertain to the Business may be recorded or stored and all
computer programs used for the compilation or printout of such information,
knowledge, records or data; (f) all licenses, consents, permits, variances,
certifications and approvals of governmental agencies now or hereafter held by
the Company pertaining to the operation by the Company and its Subsidiaries of
the Business; and (g) all causes of action, claims and warranties now or
hereafter owned or acquired by the Company in respect of any of the items listed
above.

            "Inventory" shall have the meaning ascribed thereto in Section 3(f)
hereof.

            "Issuers" shall mean, collectively, the respective entities
identified on Annex 1 hereto, and all other entities formed by the Company or
entities in which the Company owns or acquires any capital stock or similar
interest.

            "Motor Vehicles" shall mean motor vehicles, tractors, trailers and
other like property, whether or not the title thereto is governed by a
certificate of title or ownership.

            "Patent Collateral" shall mean all Patents, whether now owned or
hereafter acquired by the Company that are associated with the Business.

            "Patents" shall mean all patents and patent applications, including,
without limitation, the inventions and improvements described and claimed
therein together with the reissues, divisions, continuations, renewals,
extensions and continuations-in-part thereof, all income, royalties, damages and
payments now or hereafter due and/or payable under and with respect thereto,
including, without limitation, damages and payments for past or future
infringements thereof, the right to sue for past, present and future
infringements thereof, and all rights corresponding thereto throughout the
world.

            "Permitted Indebtedness" shall mean the Company's existing
indebtedness, liabilities and obligations as disclosed on Annex 5 hereto and any
future capitalized leases, purchase money indebtedness and the Notes provided
that "Permitted Indebtedness" shall not include indebtedness in excess of
$1,500,000, senior to the Notes.

                                       2
<PAGE>

            "Permitted Liens" shall mean (i) the Company's existing Liens as
disclosed in the Current SEC Report or Annex 6 hereto, (ii) the security
interests created by this Agreement and the Pledge Agreement, (iii) Liens of
local or state authorities for franchise, real estate or other like taxes, (iv)
statutory Liens of landlords and liens of carriers, warehousemen, bailees,
mechanics, materialmen and other like Liens imposed by law, created in the
ordinary course of business and for amounts not yet due, (v) tax Liens not yet
due and payable and (vi) existing Liens which do not materially affect the value
of the Company's property and do not materially interfere with the use made and
proposed to be made of such property by the Company and the Subsidiaries.

            "Pledged Stock" shall have the meaning ascribed thereto in Section
3(a) hereof.

            "Real Estate" shall have the meaning ascribed thereto in Section
3(l) hereof.

            "Secured Obligations" shall mean, collectively, (a) the principal of
and interest on the Notes issued or issuable (as applicable) by the Company and
held by the applicable Purchaser and all other amounts from time to time owing
to such Purchasers by the Company under the Purchase Agreement and the Notes and
(b) all obligations of the Company to such Purchasers thereunder.

            "Stock Collateral" shall mean, collectively, the Collateral
described in clauses (a) through (c) of Section 3 hereof and the proceeds of and
to any such property and, to the extent related to any such property or such
proceeds, all books, correspondence, credit files, records, invoices and other
papers.

            "Trademark Collateral" shall mean all Trademarks, whether now owned
or hereafter acquired by the Company, that are associated with the Business.
Notwithstanding the foregoing, the Trademark Collateral does not and shall not
include any Trademark which would be rendered invalid, abandoned, void or
unenforceable by reason of its being included as part of the Trademark
Collateral.

            "Trademarks" shall mean all trade names, trademarks and service
marks, logos, trademark and service mark registrations, and applications for
trademark and service mark registrations, including, without limitation, all
renewals of trademark and service mark registrations, all rights corresponding
thereto throughout the world, the right to recover for all past, present and
future infringements thereof, all other rights of any kind whatsoever accruing
thereunder or pertaining thereto, together, in each case, with the product lines
and goodwill of the business connected with the use of, and symbolized by, each
such trade name, trademark and service mark.

            "Uniform Commercial Code" shall mean the Uniform Commercial Code as
in effect in the State of New York from time to time.

                                       3
<PAGE>

            Section 2. Representations and Warranties. The Company represents
and warrants to each of the Purchasers that:

            a.    the Company is the sole beneficial owner of the Collateral and
                  no Lien exists or will exist upon any Collateral at any time
                  (and, with respect to the Stock Collateral, no right or option
                  to acquire the same exists in favor of any other Person),
                  except for Permitted Liens and the pledge and security
                  interest in favor of each of the Purchasers created or
                  provided for herein which pledge and security interest
                  constitutes a first priority perfected pledge and security
                  interest in and to all of the Collateral (other than
                  Intellectual Property registered or otherwise located outside
                  of the United States of America);

            b.    the Pledged Stock directly or indirectly owned by the Company
                  in the entities identified in Annex 1 hereto is, and all other
                  Pledged Stock, whether issued now or in the future, will be,
                  duly authorized, validly issued, fully paid and nonassessable,
                  free and clear of all Liens other than Permitted Liens and
                  none of such Pledged Stock is or will be subject to any
                  contractual restriction, preemptive and similar rights, or any
                  restriction under the charter or by-laws of the respective
                  Issuers of such Pledged Stock, upon the transfer of such
                  Pledged Stock (except for any such restriction contained
                  herein);

            c.    the Pledged Stock directly or indirectly owned by the Company
                  in the entities identified in Annex 1 hereto constitutes all
                  of the issued and outstanding shares of capital stock of any
                  class of such Issuers beneficially owned by the Company on the
                  date hereof (whether or not registered in the name of the
                  Company) and said Annex 1 correctly identifies, as at the date
                  hereof, the respective Issuers of such Pledged Stock;

            d.    the Company owns and possesses the right to use, and has done
                  nothing to authorize or enable any other Person to use, all of
                  its Copyrights, Patents and Trademarks, and all registrations
                  of its material Copyrights, Patents and Trademarks are valid
                  and in full force and effect. Except as may be set forth in
                  said Annex 3, the Company owns and possesses the right to use
                  all material Copyrights, Patents and Trademarks, necessary for
                  the operation of the Business;

            e.    to the Company's knowledge, (i) except as set forth in Annex 3
                  hereto, there is no violation by others of any right of the
                  Company with respect to any material Copyrights, Patents or
                  Trademarks, respectively, and (ii) the Company is not, in
                  connection with the Business, infringing in any respect upon
                  any Copyrights, Patents or Trademarks of any other Person; and
                  no proceedings have been instituted or are pending against the
                  Company or, to the Company's knowledge, threatened, and no
                  claim against the Company has been received by the Company,
                  alleging any such violation, except as may be set forth in
                  said Annex 3;
<PAGE>

            f.    the Company does not own any material Trademarks registered in
                  the United States of America to which the last sentence of the
                  definition of Trademark Collateral applies; and

            Section 3. Collateral. As collateral security for the prompt payment
in full when due (whether at stated maturity, by acceleration or otherwise) of
the Secured Obligations, the Company hereby pledges and grants to each of the
Purchasers as hereinafter provided, a security interest in all of the Company's
right, title and interest in the following property, whether now owned by the
Company or hereafter acquired and whether now existing or hereafter coming into
existence, and wherever located, except for the Excluded Collateral, (all being
collectively referred to herein as "Collateral"):

            a.    the Company's direct or indirect ownership interest in the
                  respective shares of capital stock of the Issuers and all
                  other shares of capital stock of whatever class of the
                  Issuers, now or hereafter owned by the Company, together with
                  in each case the certificates evidencing the same
                  (collectively, the "Pledged Stock");

            b.    all shares, securities, moneys or property representing a
                  dividend on any of the Pledged Stock, or representing a
                  distribution or return of capital upon or in respect of the
                  Pledged Stock, or resulting from a split-up, revision,
                  reclassification or other like change of the Pledged Stock or
                  otherwise received in exchange therefor, and any subscription
                  warrants, rights or options issued to the holders of, or
                  otherwise in respect of, the Pledged Stock;

            c.    without affecting the obligations of the Company under any
                  provision prohibiting such action hereunder or under the
                  Purchase Agreement or the Notes, in the event of any
                  consolidation or merger in which any Issuer is not the
                  surviving corporation, all shares of each class of the capital
                  stock of the successor corporation (unless such successor
                  corporation is the Company itself) formed by or resulting from
                  such consolidation or merger (the Pledged Stock, together with
                  all other certificates, shares, securities, properties or
                  moneys as may from time to time be pledged hereunder pursuant
                  to clause (a) or (b) above and this clause (c) being herein
                  collectively called the "Stock Collateral");

            d.    all accounts and general intangibles (each as defined in the
                  Uniform Commercial Code) of the Company constituting any right
                  to the payment of money, including (but not limited to) all
                  moneys due and to become due to the Company in respect of any
                  loans or advances for the purchase price of Inventory or
                  Equipment or other goods sold or leased or for services
                  rendered, all moneys due and to become due to the Company
                  under any guarantee (including a letter of credit) of the
                  purchase price of Inventory or Equipment sold by the Company
                  and all tax refunds (such accounts, general intangibles and
                  moneys due and to become due being herein called collectively
                  "Accounts");
<PAGE>

            e.    all instruments, chattel paper or letters of credit (each as
                  defined in the Uniform Commercial Code) of the Company
                  evidencing, representing, arising from or existing in respect
                  of, relating to, securing or otherwise supporting the payment
                  of, any of the Accounts, including (but not limited to)
                  promissory notes, drafts, bills of exchange and trade
                  acceptances (herein collectively called "Instruments");

            f.    all inventory (as defined in the Uniform Commercial Code) of
                  the Company and all goods obtained by the Company in exchange
                  for such inventory (herein collectively called "Inventory");

            g.    all Intellectual Property and all other accounts or general
                  intangibles of the Company not constituting Intellectual
                  Property or Accounts;

            h.    all equipment (as defined in the Uniform Commercial Code) of
                  the Company (herein collectively called "Equipment");

            i.    each contract and other agreement of the Company relating to
                  the sale or other disposition of Inventory or Equipment;

            j.    all documents of title (as defined in the Uniform Commercial
                  Code) or other receipts of the Company covering, evidencing or
                  representing Inventory or Equipment (herein collectively
                  called "Documents");

            k.    all rights, claims and benefits of the Company against any
                  Person arising out of, relating to or in connection with
                  Inventory or Equipment purchased by the Company, including,
                  without limitation, any such rights, claims or benefits
                  against any Person storing or transporting such Inventory or
                  Equipment;

            l.    all estates in land together with all improvements and other
                  structures now or hereafter situated thereon, together with
                  all rights, privileges, tenements, hereditaments,
                  appurtenances, easements, including, but not limited to,
                  rights and easements for access and egress and utility
                  connections, and other rights now or hereafter appurtenant
                  thereto ("Real Estate");

            m.    all other tangible or intangible property of the Company,
                  including, without limitation, all proceeds, products and
                  accessions of and to any of the property of the Company
                  described in clauses (a) through (l) above in this Section 3
                  (including, without limitation, any proceeds of insurance
                  thereon), and, to the extent related to any property described
                  in said clauses or such proceeds, products and accessions, all
                  books, correspondence, credit files, records, invoices and
                  other papers, including without limitation all tapes, cards,
                  computer runs and other papers and documents in the possession
                  or under the control of the Company or any computer bureau or
                  service company from time to time acting for the Company.
<PAGE>

            Section 4. Further Assurances; Remedies. In furtherance of the grant
of the pledge and security interest pursuant to Section 3 hereof, the Company
hereby agrees with each of the Purchasers as follows:

            4.01 Delivery and Other Perfection. The Company shall:

            a.    if any of the above-described shares, securities, monies or
                  property required to be pledged by the Company under clauses
                  (a), (b) and (c) of Section 3 hereof are received by the
                  Company, forthwith either (x) transfer and deliver to the
                  Agent such shares or securities so received by the Company
                  (together with the certificates for any such shares and
                  securities duly endorsed in blank or accompanied by undated
                  stock powers duly executed in blank) all of which thereafter
                  shall be held by the Agent, pursuant to the terms of this
                  Agreement, as part of the Collateral or (y) take such other
                  action as the Agent shall reasonably deem necessary or
                  appropriate to duly record the Lien created hereunder in such
                  shares, securities, monies or property referred to in said
                  clauses (a), (b) and (c) of Section 3;

            b.    deliver and pledge to the Agent any and all Instruments,
                  endorsed and/or accompanied by such instruments of assignment
                  and transfer in such form and substance as the Agent may
                  request; provided, that so long as no Event of Default shall
                  have occurred and be continuing, the Company may retain for
                  collection in the ordinary course any Instruments received by
                  it in the ordinary course of business and the Purchasers
                  shall, promptly upon request of the Company, make appropriate
                  arrangements for making any other Instrument pledged by the
                  Company available to it for purposes of presentation,
                  collection or renewal (any such arrangement to be effected, to
                  the extent deemed appropriate by the Purchasers, against trust
                  receipt or like document);

            c.    give, execute, deliver, file and/or record any financing
                  statement, notice, instrument, document, agreement or other
                  papers that may be necessary or desirable (in the reasonable
                  judgment of the Agent) to create, preserve, perfect or
                  validate any security interest granted pursuant hereto or to
                  enable the Agent to exercise and enforce their rights
                  hereunder with respect to such security interest, including,
                  without limitation, causing any or all of the Stock Collateral
                  to be transferred of record into the name of the Agent or its
                  nominee (and the Agent agrees that if any Stock Collateral is
                  transferred into its name or the name of its nominee, the
                  Agent will thereafter promptly give to the Company copies of
                  any notices and communications received by it with respect to
                  the Stock Collateral), provided that notices to account
                  debtors in respect of any Accounts or Instruments shall be
                  subject to the provisions of Section 4.09 below;

            d.    upon the acquisition after the date hereof by the Company of
                  any Equipment covered by a certificate of title or ownership
                  cause the Agent to be listed as the lienholder on such
                  certificate of title and within 120 days of the acquisition
                  thereof deliver evidence of the same to the Agent;

<PAGE>

            e.    keep accurate books and records relating to the Collateral,
                  and stamp or otherwise mark such books and records in such
                  manner as the Agent may reasonably require in order to reflect
                  the security interests granted by this Agreement;

            f.    furnish to the Agent from time to time (but, unless an Event
                  of Default shall have occurred and be continuing, no more
                  frequently than quarterly) statements and schedules further
                  identifying and describing the Copyright Collateral, the
                  Patent Collateral and the Trademark Collateral, respectively,
                  and such other reports in connection with the Copyright
                  Collateral, the Patent Collateral and the Trademark
                  Collateral, as the Agent may reasonably request, all in
                  reasonable detail;

            g.    permit representatives of the Agent, upon reasonable notice,
                  at any time during normal business hours to inspect and make
                  abstracts from its books and records pertaining to the
                  Collateral, and permit representatives of the Agent to be
                  present at the Company's place of business to receive copies
                  of all communications and remittances relating to the
                  Collateral, and forward copies of any notices or
                  communications by the Company with respect to the Collateral,
                  all in such manner as the Agent may reasonably require; and

            h.    upon the occurrence and during the continuance of any Event of
                  Default, upon request of the Agent, promptly notify each
                  account debtor in respect of any Accounts or Instruments that
                  such Collateral has been assigned to the Agent hereunder, and
                  that any payments due or to become due in respect of such
                  Collateral are to be made directly to the Agent.

            4.02 Other Financing Statements and Liens. Except with respect to
Permitted Indebtedness or as otherwise permitted under Schedule 3.1(a) of the
Purchase Agreement, without the prior written consent of the Agent, the Company
shall not file or suffer to be on file, or authorize or permit to be filed or to
be on file, in any jurisdiction, any financing statement or like instrument with
respect to the Collateral in which the Agent is not named as the sole secured
party for the benefit of each of the Purchasers.

            4.03 Preservation of Rights. The Agent shall not be required to take
steps necessary to preserve any rights against prior parties to any of the
Collateral.

            4.04 Special Provisions Relating to Certain Collateral.

            a.    Stock Collateral.

                  (1)   The Company will cause the Stock Collateral to
                        constitute at all times 100% of the total number of
                        shares of each class of capital stock of each Issuer
                        then outstanding that is owned directly or indirectly by
                        the Company.
<PAGE>

                  (2)   So long as no Event of Default shall have occurred and
                        be continuing, the Company shall have the right to
                        exercise all voting, consensual and other powers of
                        ownership pertaining to the Stock Collateral for all
                        purposes not inconsistent with the terms of this
                        Agreement, the Purchase Agreement, the Notes or any
                        other instrument or agreement referred to herein or
                        therein, provided that the Company agrees that it will
                        not vote the Stock Collateral in any manner that is
                        inconsistent with the terms of this Agreement, the
                        Purchase Agreement, the Notes or any such other
                        instrument or agreement; and the Agent shall execute and
                        deliver to the Company or cause to be executed and
                        delivered to the Company all such proxies, powers of
                        attorney, dividend and other orders, and all such
                        instruments, without recourse, as the Company may
                        reasonably request for the purpose of enabling the
                        Company to exercise the rights and powers which it is
                        entitled to exercise pursuant to this Section
                        4.04(a)(2).

                  (3)   Unless and until an Event of Default has occurred and is
                        continuing, the Company shall be entitled to receive and
                        retain any dividends on the Stock Collateral paid in
                        cash out of earned surplus.

                  (4)   If any Event of Default shall have occurred, then so
                        long as such Event of Default shall continue, and
                        whether or not the Agent exercises any available right
                        to declare any Secured Obligations due and payable or
                        seeks or pursues any other relief or remedy available to
                        it under applicable law or under this Agreement, the
                        Purchase Agreement, the Notes or any other agreement
                        relating to such Secured Obligations, all dividends and
                        other distributions on the Stock Collateral shall be
                        paid directly to the Agent and retained by it as part of
                        the Stock Collateral, subject to the terms of this
                        Agreement, and, if the Agent shall so request in
                        writing, the Company agrees to execute and deliver to
                        the Agent appropriate additional dividend, distribution
                        and other orders and documents to that end, provided
                        that if such Event of Default is cured, any such
                        dividend or distribution theretofore paid to the Agent
                        shall, upon request of the Company (except to the extent
                        theretofore applied to the Secured Obligations) be
                        returned by the Agent to the Company.

            b.    Intellectual Property.

                  (1)   For the purpose of enabling the Agent to exercise rights
                        and remedies under Section 4.05 hereof at such time as
                        the Agent shall be lawfully entitled to exercise such
                        rights and remedies, and for no other purpose, the
                        Company hereby grants to the Agent, to the extent
                        assignable, an irrevocable, non-exclusive license
                        (exercisable without payment of royalty or other
                        compensation to the Company) to use, assign, license or
                        sublicense any of the Intellectual Property (other than
                        the Trademark Collateral or goodwill associated
                        therewith) now owned or hereafter acquired by the
                        Company, wherever the same may be located, including in
                        such license reasonable access to all media in which any
                        of the licensed items may be recorded or stored and to
                        all computer programs used for the compilation or
                        printout thereof.
<PAGE>

                  (2)   Notwithstanding anything contained herein to the
                        contrary, so long as no Event of Default shall have
                        occurred and be continuing, the Company will be
                        permitted to exploit, use, enjoy, protect, license,
                        sublicense, assign, sell, dispose of or take other
                        actions with respect to the Intellectual Property in the
                        ordinary course of the business of the Company. In
                        furtherance of the foregoing, unless an Event of Default
                        shall have occurred and is continuing, the Agent shall
                        from time to time, upon the request of the Company,
                        execute and deliver any instruments, certificates or
                        other documents, in the form so requested, which the
                        Company shall have certified are appropriate (in its
                        judgment) to allow it to take any action permitted above
                        (including relinquishment of the license provided
                        pursuant to clause (1) immediately above as to any
                        specific Intellectual Property). Further, upon the
                        payment in full of all of the Secured Obligations or
                        earlier expiration of this Agreement or release of the
                        Collateral, the Agent shall grant back to the Company
                        the license granted pursuant to clause (1) immediately
                        above. The exercise of rights and remedies under Section
                        4.05 hereof by the Agent shall not terminate the rights
                        of the holders of any licenses or sublicenses
                        theretofore granted by the Company in accordance with
                        the first sentence of this clause (2).

            4.05        Events of Default, etc. During the period during which
                        an Event of Default shall have occurred and be
                        continuing:

            a.    the Company shall, at the request of the Agent, assemble the
                  Collateral owned by it at such place or places, reasonably
                  convenient to both the Agent and the Company, designated in
                  its request;

            b.    the Agent may make any reasonable compromise or settlement
                  deemed desirable with respect to any of the Collateral and may
                  extend the time of payment, arrange for payment in
                  installments, or otherwise modify the terms of, any of the
                  Collateral;
<PAGE>

            c.    the Agent shall have all of the rights and remedies with
                  respect to the Collateral of a secured party under the Uniform
                  Commercial Code (whether or not said Code is in effect in the
                  jurisdiction where the rights and remedies are asserted) and
                  such additional rights and remedies to which a secured party
                  is entitled under the laws in effect in any jurisdiction where
                  any rights and remedies hereunder may be asserted, including,
                  without limitation, the right, to the maximum extent permitted
                  by law, to exercise all voting, consensual and other powers of
                  ownership pertaining to the Collateral as if the Agent were
                  the sole and absolute owner thereof (and the Company agrees to
                  take all such action as may be appropriate to give effect to
                  such right);

            d.    the Agent in its discretion may, in its name or in the name of
                  the Company or otherwise, demand, sue for, collect or receive
                  any money or property at any time payable or receivable on
                  account of or in exchange for any of the Collateral, but shall
                  be under no obligation to do so; and

            e.    the Agent may, upon 10 Business Days, prior written notice to
                  the Company of the time and place, with respect to the
                  Collateral or any part thereof which shall then be or shall
                  thereafter come into the possession, custody or control of the
                  Agent, or any of its respective agents, sell, lease, assign or
                  otherwise dispose of all or any of such Collateral, at such
                  place or places as the Agent deems best, and for cash or on
                  credit or for future delivery (without thereby assuming any
                  credit risk), at public or private sale, without demand of
                  performance or notice of intention to effect any such
                  disposition or of time or place thereof (except such notice as
                  is required above or by applicable statute and cannot be
                  waived) and the Agent or anyone else may be the purchaser,
                  lessee, assignee or recipient of any or all of the Collateral
                  so disposed of at any public sale (or, to the extent permitted
                  by law, at any private sale), and thereafter hold the same
                  absolutely, free from any claim or right of whatsoever kind,
                  including any right or equity of redemption (statutory or
                  otherwise), of the Company, any such demand, notice or right
                  and equity being hereby expressly waived and released. In the
                  event of any sale, assignment, or other disposition of any of
                  the Trademark Collateral, the goodwill of the Business
                  connected with and symbolized by the Trademark Collateral
                  subject to such disposition shall be included, and the Company
                  shall supply to the Agent or its designee, for inclusion in
                  such sale, assignment or other disposition, all Intellectual
                  Property relating to such Trademark Collateral. The Agent may,
                  without notice or publication, adjourn any public or private
                  sale or cause the same to be adjourned from time to time by
                  announcement at the time and place fixed for the sale, and
                  such sale may be made at any time or place to which the same
                  may be so adjourned.

The proceeds of each collection, sale or other disposition under this Section
4.05, including by virtue of the exercise of the license granted to the Agent in
Section 4.04(b)(1) hereof, shall be applied in accordance with Section 4.09
hereof.
<PAGE>

            The Company recognizes that, by reason of certain prohibitions
contained in the Securities Act of 1933, as amended, and applicable state
securities laws, the Agent may be compelled, with respect to any sale of all or
any part of the Collateral, to limit purchasers to those who will agree, among
other things, to acquire the Collateral for their own account, for investment
and not with a view to the distribution or resale thereof. The Company
acknowledges that any such private sales to an unrelated third party in an arm's
length transaction may be at prices and on terms less favorable to the Agent
than those obtainable through a public sale without such restrictions, and,
notwithstanding such circumstances, agrees that any such private sale shall be
deemed to have been made in a commercially reasonable manner and that the Agent
shall have no obligation to engage in public sales and no obligation to delay
the sale of any Collateral for the period of time necessary to permit the
respective Issuer thereof to register it for public sale.

            4.06 Deficiency. If the proceeds of sale, collection or other
realization of or upon the Collateral pursuant to Section 4.05 hereof are
insufficient to cover the costs and expenses of such realization and the payment
in full of the Secured Obligations, the Company shall remain liable for any
deficiency.

            4.07 Removals, etc. Without at least 30 days' prior written notice
to the Agent, the Company shall not (i) maintain any of its books or records
with respect to the Collateral at any office or maintain its chief executive
office or its principal place of business at any place, or permit any Inventory
or Equipment to be located anywhere other than at the address indicated for the
Company in Section 7.4 of the Purchase Agreement or at one of the locations
identified in Annex 4 hereto or in transit from one of such locations to another
or (ii) change its corporate name, or the name under which it does business,
from the name shown on the signature page hereto.

            4.08 Private Sale. The Agent shall incur no liability as a result of
the sale of the Collateral, or any part thereof, at any private sale to an
unrelated third party in an arm's length transaction pursuant to Section 4.05
hereof conducted in a commercially reasonable manner. The Company hereby waives
any claims against the Agent arising by reason of the fact that the price at
which the Collateral may have been sold at such a private sale was less than the
price which might have been obtained at a public sale or was less than the
aggregate amount of the Secured Obligations, even if the Agent accepts the first
offer received and does not offer the Collateral to more than one offeree.

            4.09 Application of Proceeds. Except as otherwise herein expressly
provided, the proceeds of any collection, sale or other realization of all or
any part of the Collateral pursuant hereto, and any other cash at the time held
by the Agent under this Section 4, shall be applied by the Agent:

            First, to the payment of the costs and expenses of such collection,
sale or other realization, including reasonable out-of-pocket costs and expenses
of the Agent and the fees and expenses of its agents and counsel, and all
expenses, and advances made or incurred by the Agent in connection therewith;
<PAGE>

            Next, to the payment in full of the Secured Obligations in each case
equally and ratably in accordance with the respective amounts thereof then due
and owing to each of the Purchasers; and

            Finally, to the payment to the Company, or its successors or
assigns, or as a court of competent jurisdiction may direct, of any surplus then
remaining.

As used in this Section 4, "proceeds" of Collateral shall mean cash, securities
and other property realized in respect of, and distributions in kind of,
Collateral, including any thereof received under any reorganization, liquidation
or adjustment of debt of the Company or any issuer of or obligor on any of the
Collateral.

            4.10 Attorney-in-Fact. Without limiting any rights or powers granted
by this Agreement to the Agent while no Event of Default has occurred and is
continuing, upon the occurrence and during the continuance of any Event of
Default, the Agent is hereby appointed the attorney-in-fact of the Company for
the purpose of carrying out the provisions of this Section 4 and taking any
action and executing any instruments which the Agent may deem necessary or
advisable to accomplish the purposes hereof, which appointment as
attorney-in-fact is irrevocable and coupled with an interest. Without limiting
the generality of the foregoing, so long as the Purchasers shall be entitled
under this Section 4 to make collections in respect of the Collateral, the Agent
shall have the right and power to receive, endorse and collect all checks made
payable to the order of the Company representing any dividend, payment, or other
distribution in respect of the Collateral or any part thereof and to give full
discharge for the same.

            4.11 Perfection. Prior to or concurrently with the execution and
delivery of this Agreement, the Company shall (i) file such financing statements
and other documents in such offices as the Agent may request to perfect the
security interests granted by Section 3 of this Agreement, and (ii) deliver to
the Agent all share certificates of capital stock directly or indirectly owned
by the Company in the entities identified in Annex 1 hereto, accompanied by
undated stock powers duly executed in blank.

            4.12 Termination. When all Secured Obligations shall have been paid
in full under the Purchase Agreement, this Agreement shall terminate, and the
Agent shall forthwith cause to be assigned, transferred and delivered, against
receipt but without any recourse, warranty or representation whatsoever, any
remaining Collateral and money received in respect thereof, to or on the order
of the Company and to be released and cancelled all licenses and rights referred
to in Section 4.04(b)(1) hereof. The Agent shall also execute and deliver to the
Company upon such termination such Uniform Commercial Code termination
statements, certificates for terminating the Liens on the Motor Vehicles and
such other documentation as shall be reasonably requested by the Company to
effect the termination and release of the Liens on the Collateral.

            4.13 Expenses. The Company agrees to pay to the Agent all
out-of-pocket expenses (including reasonable expenses for legal services of
every kind) of, or incident to, the enforcement of any of the provisions of this
Section 4, or performance by the Agent of any obligations of the Company in
respect of the Collateral which the Company has failed or refused to perform
upon reasonable notice, or any actual or attempted sale, or any exchange,
enforcement, collection, compromise or settlement in respect of any of the
Collateral, and for the care of the Collateral and defending or asserting rights
and claims of the Agent in respect thereof, by litigation or otherwise,
including expenses of insurance, and all such expenses shall be Secured
Obligations to the Agent secured under Section 3 hereof.
<PAGE>

            4.14 Further Assurances. The Company agrees that, from time to time
upon the written request of the Agent, the Company will execute and deliver such
further documents and do such other acts and things as the Agent may reasonably
request in order fully to effect the purposes of this Agreement.

            4.15 Indemnity. Each of the Purchasers hereby jointly and severally
covenants and agrees to reimburse, indemnify and hold the Agent harmless from
and against any and all claims, actions, judgments, damages, losses,
liabilities, costs, transfer or other taxes, and expenses (including, without
limitation, reasonable attorneys' fees and expenses) incurred or suffered
without any bad faith or willful misconduct by the Agent, arising out of or
incident to this Agreement or the administration of the Agent's duties
hereunder, or resulting from its actions or inactions as Agent.

            Section 5. Miscellaneous.

            5.01 No Waiver. No failure on the part of the Agent or any of its
agents to exercise, and no course of dealing with respect to, and no delay in
exercising, any right, power or remedy hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise by the Agent or any of its
agents of any right, power or remedy hereunder preclude any other or further
exercise thereof or the exercise of any other right, power or remedy. The
remedies herein are cumulative and are not exclusive of any remedies provided by
law.

            5.02 Governing Law. This Agreement shall be governed by, and
construed in accordance with, the law of the State of New York.

            5.03 Notices. All notices, requests, consents and demands hereunder
shall be in writing and facsimile (facsimile confirmation required) or delivered
to the intended recipient at its address or telex number specified pursuant to
Section 7.4 of the Purchase Agreement and shall be deemed to have been given at
the times specified in said Section 7.4.

            5.04 Waivers, etc. The terms of this Agreement may be waived,
altered or amended only by an instrument in writing duly executed by the Company
and the Agent. Any such amendment or waiver shall be binding upon each of the
Purchasers and the Company.

            5.05 Successors and Assigns. This Agreement shall be binding upon
and inure to the benefit of the respective successors and assigns of the Company
and each of the Purchasers (provided, however, that the Company shall not assign
or transfer its rights hereunder without the prior written consent of the
Agent).

            5.06 Counterparts. This Agreement may be executed in any number of
counterparts, all of which together shall constitute one and the same instrument
and any of the parties hereto may execute this Agreement by signing any such
counterpart.
<PAGE>

            5.07 Agent. Each Purchaser agrees to appoint Vertical Ventures, LLC
as its Agent for purposes of this Agreement. The Agent may employ agents and
attorneys-in-fact in connection herewith and shall not be responsible for the
negligence or misconduct of any such agents or attorneys-in-fact selected by it
in good faith.

            5.08 Severability. If any provision hereof is invalid and
unenforceable in any jurisdiction, then, to the fullest extent permitted by law,
(i) the other provisions hereof shall remain in full force and effect in such
jurisdiction and shall be liberally construed in favor of the Purchasers in
order to carry out the intentions of the parties hereto as nearly as may be
possible and (ii) the invalidity or unenforceability of any provision hereof in
any jurisdiction shall not affect the validity or enforceability of such
provision in any other jurisdiction.
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have caused this Security
Agreement to be duly executed as of the day and year first above written.

COMPANY:                              VISUAL DATA CORPORATION

                                      By: ______________________________
                                          Name:
                                          Title:

AGENT:                                VERTICAL VENTURES, LLC

                                      By: ______________________________
                                          Name:
                                          Title:
<PAGE>

PURCHASERS:                           VERTICAL VENTURES, LLC

                                      By: ______________________________
                                           Name:
                                           Title:
<PAGE>

                                      _________________________________

                                      By: ______________________________
                                           Name:
                                           Title:
<PAGE>

                                                                         ANNEX 1

           ENTITIES IN WHICH THE COMPANY IS PLEDGING ITS CAPITAL STOCK

                                                             Approximate
             Entity                                      Percentage Interest
             ------                                      -------------------

    Media On Demand, Inc.                                 100% ownership
    Entertainment Digital Network, Inc.                   100% ownership
    HotelView Corporation                                 100% ownership
    Onstream Media Corporation                            28% ownership
<PAGE>

                                                                         ANNEX 2

                               EXCLUDED COLLATERAL

                  NONE
<PAGE>

                                                                         ANNEX 3

                EXCEPTIONS FOR COPYRIGHTS, PATENTS AND TRADEMARKS

                  NONE
<PAGE>

                                                                         ANNEX 4

                                LIST OF LOCATIONS

                  Pompano Beach, Florida

                  San Francisco, California

                  New York, New York
<PAGE>

                                                                         ANNEX 5

                              EXISTING INDEBTEDNESS

                  DeLuca Loan amount $1,000,000
                  Redemption of A-11 Preferred $500,000
                  Repayment of J&C Resources $300,000
                  Virage Note of $206,250
                  Virage Note of $1,406,250 for Onstream Media
                  Trinity Financing Investments Corp. Note of $100,000
                  Eric Jacobs Note of $150,000
                  (See Securities Purchase Agreement Schedules)
<PAGE>

                                                                         ANNEX 6

                                 EXISTING LIENS

                  On May 7, 2003 we entered into an Amended and Restated Loan
                  Agreement with Mr. Fred Deluca and issued a three-year
                  promissory note in the principal amount of $3,000,000
                  collateralized by a blanket security interest in our assets
                  and a pledge of the stock of our subsidiaries. As part of the
                  Transaction discussed in this Securities Purchase Agreement,
                  Mr. DeLuca's debt would be paid in full.EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT ("Agreement") dated December 29, 2004 and
effective as of December 31, 2004 (the "Effective Date"), between InfoSearch
Media, Inc., a Delaware corporation, with its principal place of business
located at 4086 Del Rey Avenue, Marina Del Rey, California 90292 its affiliates,
subsidiaries, successors and assigns (the "Company"), and Steve Lazuka, an
individual residing at 9319 Hermitage Road, Chardon, OH 44024 (the "Executive").

      1. Employment Period. As of the Effective Date, the Company shall employ
the Executive, and the Executive agrees to be employed by Company in the
positions of President and Director in accordance with the terms and subject to
the conditions of this Agreement, commencing on the Effective Date and
terminating on December 31, 2006 (the "Scheduled Termination Date"), unless
terminated in accordance with the provisions of paragraph 12 below, in which
case the provisions of paragraph 12 shall control (the "Term"). Upon expiration
of the Term and thereafter, it shall automatically renew itself and continue in
full force and effect from year to year unless written notice of election not to
renew, or written notice of election to modify any provision of this Agreement,
is given by one party, and received by the other not later than sixty (60) days
prior to the expiration of this Agreement or any extension hereto.

      The Executive affirms that, except as otherwise set forth herein, no
obligation exists between the Executive and any other entity which would prevent
or impede the Executive's immediate and full performance of every obligation of
this Agreement.

      2. Position and Duties. During the Term of the Executive's employment
hereunder, the Executive shall continue to serve in, and assume duties and
responsibilities consistent with, the position of President, unless and until
otherwise instructed by the Company, and shall also serve as a member of the
Company's Board of Directors. The Executive agrees to devote his working time,
as set forth in Paragraph 5 hereof, utilizing his skill, energy and best
business efforts on behalf of the Company. Notwithstanding anything to the
contrary contained herein, upon written notice to the Board of Directors the
Executive may hold officer and non-executive director positions (or the
equivalent position) in or at other entities not inconsistent with the best
interests of the Company so long as the Board of Directors has not provided
Executive written notice that it has determined that such activities will
interfere with his ability to perform his duties and responsibilities hereunder.

      3. No Conflicts. The Executive covenants and agrees that for so long as he
is employed by the Company, he shall inform the Company of each and every
business opportunity related to the business of the Company of which he becomes
aware, and that he will not, directly or indirectly, exploit any such
opportunity for his own account, nor will he render any services to any other
person or business, acquire any interest of any type in any other business or
engage in any activities that conflict with the Company's best interests or
which is in competition with the Company.

      4. Days/Hours of Work and Work Week. The Executive shall normally work
five (5) days per week and his hours of work shall be appropriate to the nature
of the Executive's duties and responsibilities with the Company, it being
recognized that such duties and responsibilities require flexibility in the
Executive's work schedule.

      5. Location. The locus of the Executive's employment with the Company
shall be the Company's office located at 4086 Del Rey Avenue, Marina Del Rey,
California 90292. The Company acknowledges that the Executive shall be entitled
to perform his duties and obligations under the Agreement from the Executive's
office located in the vicinity of Cleveland, Ohio. The Executive shall be
required to spend the amount of time at the Company's office located in Marinia
Del Rey, California as is reasonably necessary to effectively manage the
operations of the Company.
<PAGE>

      6. Compensation.

            (a) Base Salary. During the Term of this Agreement, the Company
shall pay, and the Executive agrees to accept, in consideration for the
Executive's services hereunder, pro rata bi-weekly payments of the annual salary
of $175,000, less all applicable taxes and other appropriate deductions. The
Executive's base salary shall be increased annually, effective on January 1 of
each calendar year, in an amount no less than 10%. In addition, the Company's
Board of Directors (the "Board") shall review the Executive's base salary
annually to determine whether it should be increased more than 10%. The decision
to increase the Executive's base salary more than 10% and the amount of any such
increase shall be within the Board's sole discretion.

            (b) Annual Bonus. During the Term of this Agreement, the Executive
shall be entitled to an annual bonus in an amount not to exceed $175,000 for
each calendar year (or pro-rata portion thereof in the case of a period of less
than twelve (12) months within the Board's sole discretion based on its review
of the operating performance of the Company during the fiscal year to which the
bonus pertains. Such review by the Board shall be based on an evaluation of the
Company's results of operations relative to the Company's achievement of certain
milestones established for the Company's fiscal year budget and milestones
established for the Executive's performance that shall be agreed to by each of
the Executive and the Board. Each annual bonus shall be paid by the Company to
the Executive promptly after the first meeting of the Board following the
previous calendar year, but in no case later than March 30th of each year.

      7. Business Expenses. During the Term of this Agreement, the Executive
shall be entitled to payment or reimbursement of any and all reasonable expenses
paid or incurred by him in connection with and related to the performance of his
duties and responsibilities hereunder for the Company including travel related
expenses incurred in connection with commuting to and from the Executive's
office in the vicinity of Cleveland, Ohio. All requests by the Executive for
payment of reimbursement of such expenses shall be supported by appropriate
invoices, vouchers, receipts or such other supporting documentation in such form
and containing such information as the Company may from time to time reasonably
require, evidencing that the Executive, in fact, incurred or paid said expenses.

      8. Vacation. During the Term of this Agreement, the Executive shall be
entitled to accrue 20 vacation days, per year. The Executive shall be entitled
to carry over any accrued, unused vacation days from year to year without
limitation.

      9. Stock Options/Warrants.

            (a) Grant of Options. The Company shall issue the Executive options
to acquire 600,000 shares of common stock. The per share exercise price of
options to be granted pursuant to this paragraph 9(a) shall be $1.00, the fair
market value per share of Company common voting stock on the date of this
Agreement. Such grant and each subsequent grant of options to the Executive
during the Term shall be evidenced by an Option Agreement in a form
substantially similar to Exhibit A, attached hereto and made a part hereof.

                                      -2-
<PAGE>

            (b) Vesting and Exercise. The options to be granted pursuant to the
terms of this paragraph 9 shall vest and become exercisable as follows: 1/3 upon
the six month anniversary of the grant date, 1/3 upon the one year anniversary
of the grant date and the remainder upon the second anniversary of the grant
date. The options granted shall be exercisable for a period of 10 years
following the grant date. Subsequent grants of stock options shall vest and be
exercisable pursuant to the terms and conditions of the Company's 2004 Stock
Option Plan.

            (c) Accelerated Vesting. In the event the Executive's employment
with the Company is terminated by reason of Death, Disability or by the Company
without Cause, all as defined in paragraph 11 hereof, or in the event that the
Executive terminates this Agreement for Good Reason, as defined in paragraph 12
hereof, all of Executive's granted and unvested options and warrants shall
immediately vest and become immediately exercisable by the Executive. Said
options and warrants may be exercised by the Executive, or in the event of Death
or Disability by the Executive's legal representative, as appropriate, for a
period of one year following the date of termination of the Executive's
employment with the Company.

            (d) Payment. The full consideration for any shares purchased by the
Executive shall be paid in cash or on such other terms as the Company may agree.

      10. Other Benefits.

            (a) During the Term of this Agreement, the Executive shall be
eligible to participate in incentive, savings, retirement (401(k)), and welfare
benefit plans, including, without limitation, health, medical, dental, vision,
life (including accidental death and dismemberment) and disability insurance
plans (collectively, "Benefit Plans"), in substantially the same manner and at
substantially the same levels as the Company makes such opportunities available
to the Company's executive employees.

            (b) Notwithstanding anything contained in paragraph 10(a) above to
the contrary, the Company shall use its commercial best efforts to obtain on or
before March 31, 2005, a directors and officers liability insurance policy
covering the Executive in an amount of at least $3,000,000.

      11. Termination of Employment.

            (a) "Death." In the event that, during the Term of this Agreement,
the Executive dies, this Agreement and the Executive's employment with the
Company shall automatically terminate and the Company shall have no further
obligations to the Executive or his heirs, administrators or executors with
respect to compensation and benefits accruing thereafter, except for the
obligation to pay the Executor's heirs, administrators or executors any earned
but unpaid base salary, unpaid pro rata annual bonus and unused vacation days
accrued through the date of death, including any carryover days. The Company
shall deduct, from all payments made hereunder, all applicable taxes, including
income tax, FICA and FUTA, and other appropriate deductions.

            (b) "Disability." In the event that, during the Term of this
Agreement, the Executive shall be prevented from performing his duties and
responsibilities hereunder to the full extent required by the Company by reason
of Disability, as defined hereinbelow, this Agreement and the Executive's
employment with the Company shall automatically terminate and the Company shall
have no further obligations to the Executive or his heirs, administrators or
executors with respect to compensation and benefits accruing thereafter, except
for the obligation to pay the Executor's heirs, administrators or executors any
earned but unpaid base salary, unpaid pro rata annual bonus and unused vacation
days accrued through the date of Disability, including any carryover days. The

                                      -3-
<PAGE>

Company shall deduct, from all payments made hereunder, all applicable taxes,
including income tax, FICA and FUTA, and other appropriate deductions through
the last date of the Executive's employment with the Company. For purposes of
this Agreement, "Disability" shall mean a physical or mental disability that, in
the Board's discretion, based upon the medical opinions of two qualified
physicians specializing in the area or areas of the Executive's affliction, one
of whom shall be chosen by the Board and one of whom shall be chosen by the
Executive, prevents the performance by the Executive, with or without reasonable
accommodation, of his duties and responsibilities hereunder for a continuous
period of not less than six consecutive months.

            (c) "Cause."

                  (i) At any time during the Term of this Agreement, the Company
may terminate this Agreement and the Executive's employment hereunder for
"Cause." For purposes of this Agreement, "Cause" shall mean: (a) the willful and
continued failure of the Executive to perform substantially his duties and
responsibilities for the Company (other than any such failure resulting from a
Disability) after a written demand by the Board for substantial performance is
delivered to the Executive by the Company, which specifically identifies the
manner in which the Board believes that the Executive has not substantially
performed his duties and responsibilities, which willful and continued failure
is not cured by the Executive within thirty (30) days of his receipt of said
written demand; (b) the conviction of, or plea of guilty or nolo contendere to a
felony; or (c) fraud, dishonesty, competition with the Company, unauthorized use
of any of the Company's or any subsidiary's trade secrets or confidential
information, or gross misconduct which is materially and demonstratively
injurious to the Company. Termination under sections 11(c)(i)(b) and 11(c)(i)(c)
above shall not be subject to cure.

                  (ii) Termination of the Executive for "Cause" pursuant to
paragraph 12(c)(i)(a) shall be made by delivery to the Executive of a copy of
the written demand referred to in paragraph 12(c)(i)(a), or pursuant to
paragraphs 11(c)(i)(b) or (c) by delivery to the Executive of a written notice
from the Board, either of which shall specify the basis of such termination, the
conduct justifying such termination, and the particulars thereof and finding
that in the reasonable judgment of the Board, the conduct set forth in paragraph
11(c)(i)(a), 11(c)(i)(b) or 11(c)(i)(c), as applicable, has occurred and that
such occurrence warrants the Executive's termination of employment. Upon receipt
of such demand or notice, the Executive, shall be entitled to appear before the
Board for the purpose of demonstrating that "Cause" for termination does not
exist or that the circumstances which may have constituted "Cause" have been
cured in accordance with the provisions of paragraph 11(c)(i). No termination
shall be final until the Board has reached a determination regarding "Cause"
following such appearance.

                  (iii) Upon termination of this Agreement for "Cause," the
Company shall have no further obligations or liability to the Executive or his
heirs, administrators or executors with respect to compensation and benefits
thereafter, except for the obligation to pay the Executive any earned but unpaid
base salary, unpaid pro rata annual bonus and unused vacation days accrued
through the Executive's last day of employment with the Company, including any
carryover days. The Company shall deduct, from all payments made hereunder, all
applicable taxes, including income tax, FICA and FUTA, and other appropriate
deductions.

                                      -4-
<PAGE>

            (d) "Good Reason."

                  (i) At any time during the Term of this Agreement, subject to
the conditions set forth in paragraph 11(d)(iii) below, the Executive may
terminate this Agreement and the Executive's employment with the Company for
"Good Reason." For purposes of this Agreement, "Good Reason" shall mean the
occurrence, without the Executive's consent, of any of the following events: (a)
the assignment to the Executive of duties that are significantly different from,
and that result in a substantial diminution of, the duties that he assumed on
the Start Date; (b) a Change of Control (as defined in paragraph 11(d)(ii)
herein below) that results in the termination of the Executive's employment with
the Company or a material adverse change in Executives duties and
responsibilities; or (c) a material breach of this Agreement by the Company. The
Executive acknowledges that the Company contemplates hiring additional executive
management and in such an event the Executive's title and duties may be modified
by the Board, accordingly. Such a modification will not be deemed a "Good
Reason" by which the Executive may terminate this Agreement.

                  (ii) For purposes of this Agreement, "Change of Control" means
the Company's Board votes to approve: (a) any consolidation or merger of the
Company pursuant to which 50 percent or more of the outstanding voting
securities of the surviving or resulting company are not owned collectively by
the common share and warrant holders of the Company as of December 31, 2004 (the
"Current Control Group"); (b) any sale, lease, exchange or other transfer (in
one transaction or a series of related transactions) of all, or substantially
all, of the assets of the Company other than any sale, lease, exchange or other
transfer to any company where the Company owns, directly or indirectly, 100
percent of the outstanding voting securities of such company after any such
transfer; (c) any person or persons (as such term is used in Section 13(d) of
the Exchange Act of 1934, as amended), other than the Current Control Group,
shall acquire or become the beneficial owner (within the meaning of Rule 13d-3
under the Exchange Act) whether directly, indirectly, beneficially or of record,
of 50 percent or more of outstanding voting securities of the Company; or (d)
commencement by any entity, person, or group (including any affiliate thereof,
other than the Company) of a tender offer or exchange offer where the offeree
acquires more than 50 percent of the then outstanding voting securities of the
Company.

                  (iii) The Executive shall be entitled to terminate this
Agreement and his employment with the Company for "Good Reason" provided that he
has delivered written notice to the Company of his intention to terminate this
Agreement and his employment with the Company for "Good Reason" within five (5)
business days after either (a) the date on which the Executive receives written
notice from the Company of the occurrence of any event included within the
meaning of "Good Reason" under paragraph 11(d)(i) hereof or (b) the date on
which the Executive obtains actual knowledge of the occurrence of any event
included within the meaning of "Good Reason" under paragraph 11(d)(i) hereof.
Such notice, if given by the Executive pursuant to subparagraph 11(d)(iii)(b)
hereof, shall specify in reasonable detail the circumstances claimed to provide
the basis for such termination for "Good Reason." Notwithstanding the foregoing,
the Executive shall not be entitled to terminate this Agreement and his
employment with the Company if the Company has eliminated the circumstances
constituting "Good Reason" within 30 days of its receipt from the Executive of
the written notice described in this paragraph 11(d)(iii).

                                      -5-
<PAGE>

                  (iv) In the event that the Executive terminates this Agreement
and his employment with the Company for "Good Reason," the Company shall pay or
provide to the Executive (or, following his death, to the Executive's heirs,
administrators or executors): (a) any earned but unpaid base salary, unpaid pro
rata annual bonus and unused vacation days accrued through the Executive's last
day of employment with the Company, including any carryover days; (b) the
Executive's full base salary (including guaranteed annual 10% increases) through
the Benefit Termination Date; (c) the Executive's annual bonuses that he would
have been awarded through the Benefit Termination Date; (d) the value of
vacation days that the Executive would have accrued through the Benefit
Termination Date; and (e) continued coverage, at the Company's expense, under
all Benefits Plans in which the Executive was a participant immediately prior to
his last date of employment with the Company, or, in the event that any such
Benefit Plans do not permit coverage of the Executive following his last date of
employment with the Company, under benefit plans that provide no less coverage
than such Benefit Plans, through the Benefit Termination Date ("Continued
Benefits"). The Company shall deduct, from all payments made hereunder, all
applicable taxes, including income tax, FICA and FUTA, and other appropriate
deductions. For purposes of this subparagraph (d), "Benefit Termination Date"
shall mean the period commencing on the last day of employment of the Executive
with the Company and ending on the one year anniversary of the Executive's last
day of employment with the Company.

                  (v) At the Executive's option, the amounts described in
paragraphs 11(d)(iv)(b) and (c) hereinabove shall be paid to the Executive in
the same manner as they would have been paid, in accordance with the provisions
of paragraphs 6(a) and (b), had the Executive remained employed by the Company.
To exercise such option, the Executive shall deliver to the Company written
notice electing such option within ten (10) business days after his last date of
employment with the Company. If the Executive fails to deliver such written
notice within ten (10) business days after his last date of employment with the
Company, the Executive shall be entitled to receive the amounts described in
paragraphs 11(d)(iv)(b) and (c) hereinabove in a lump sum within forty-five (45)
days of his last date of employment with the Company. The amount described in
paragraph 11(d)(iv)(b) shall be paid to the Executive within forty-five (45)
days of the Executive's last date of employment with the Company.

                  (vi) The Executive shall have no duty to mitigate his damages,
except that Continued Benefits shall be canceled or reduced to the extent of any
comparable benefit coverage offered to the Executive during the period prior to
the Scheduled Termination Date by a subsequent employer or other person or
entity for which the Executive performs services, including but not limited to
consulting services.

            (e) Without "Cause."

                  (i) By The Executive. At any time during the Term of this
Agreement, the Executive shall be entitled to terminate this Agreement and the
Executive's employment with the Company without "Cause" or "Good Reason" as
these terms are defined hereinabove, by providing prior written notice of at
least thirty (30) days to the Company. Upon termination by the Executive of this
Agreement and the Executive's employment with the Company pursuant to this
paragraph 11(e)(i), the Company shall have no further obligations to the
Executive or his heirs, administrators or executors with respect to compensation
and benefits thereafter, except for the obligation to pay the Executive (or,
following his death, to the Executive's heirs, administrators or executors) any
earned but unpaid base salary, pro rata annual bonus and unused vacation days
accrued through the Executive's last day of employment with the Company,
including any carryover days. The Company shall deduct, from all payments made
hereunder, all applicable taxes, including income tax, FICA and FUTA, and other
appropriate deductions.

                                      -6-
<PAGE>

                  (ii) By The Company. At any time during the Term of this
Agreement, the Company shall be entitled to terminate this Agreement and the
Executive's employment with the Company without "Cause," as that term is defined
in paragraph 11(c)(i) hereinabove, by providing prior written notice of at least
ninety (90) days to the Executive. Upon termination by the Company of this
Agreement and the Executive's employment with the Company without Cause, the
Company shall pay or provide to the Executive (or, following his death, to the
Executive's heirs, administrators or executors): any earned but unpaid base
salary, unpaid pro rata annual bonus and unused vacation days accrued through
the Executive's last day of employment with the Company, including any carryover
days. In addition, so long as Executive has not and does not violate the
provisions of paragraphs 12, 13 and 14 of this Agreement, the Company shall pay
or provide to the Executive (a) the Executive's full base salary (including
guaranteed annual 10% increases) through the Benefit Termination Date; (b) the
Executive's annual bonuses that he would have been awarded through the Benefit
Termination Date; (c) the value of vacation days that the Executive would have
accrued through the Benefit Termination Date; (d) continued coverage, at the
Company's expense, under all Benefits Plans in which the Executive was a
participant immediately prior to his last date of employment with the Company,
or, in the event that any such Benefit Plans do not permit coverage of the
Executive following his last date of employment with the Company, under benefit
plans that provide no less coverage than such Benefit Plans, through the Benefit
Termination Date ("Continued Benefits"). The Company shall deduct, from all
payments made hereunder, all applicable taxes, including income tax, FICA and
FUTA, and other appropriate deductions. For purposes of this subparagraph (b),
"Benefit Termination Date" shall mean the period commencing on the last day of
employment of the Executive with the Company and ending on the one year
anniversary of the Executive's last day of employment with the Company.

                  (iii) At the Executive's option, the amounts described in
paragraphs 11(d)(iv)(b) and (c) hereinabove shall be paid to the Executive in
the same manner as they would have been paid, in accordance with the provisions
of paragraphs 6(a) and (b), had the Executive remained employed by the Company.
To exercise such option, the Executive shall deliver to the Company written
notice electing such option within ten (10) business days after his last date of
employment with the Company. If the Executive fails to deliver such written
notice within ten (10) business days after his last date of employment with the
Company, the Executive shall be entitled to receive the amounts described in
paragraphs 11(d)(iv)(b) and (c) hereinabove in a lump sum within forty-five (45)
days of his last date of employment with the Company.

      12. Confidential Information.

            (a) The Executive expressly acknowledges that, in the performance of
his duties and responsibilities with the Company, he has been exposed, and will
be exposed, to the trade secrets, business and/or financial secrets and
confidential and proprietary information of the Company, its affiliates and/or
its clients or customers ("Confidential Information"). The term "Confidential
Information" means, without limitation, information or material that has actual
or potential commercial value to the Company, its affiliates and/or its clients
or customers and is not generally known to and is not readily ascertainable by
proper means to persons outside the Company, its affiliates and/or its clients
or customers.

                                      -7-
<PAGE>

            (b) Except as authorized in writing by the Board, during the
performance of the Executive's duties and responsibilities for the Company and
until such time as any such Confidential Information becomes generally known to
and readily ascertainable by proper means to persons outside the Company, its
affiliates and/or its clients or customers, the Executive agrees to keep
strictly confidential and not use for his personal benefit or the benefit to any
other person or entity the Confidential Information, whether or not prepared or
developed by the Executive. Confidential Information includes, without
limitation, the following, whether or not expressed in a document or medium,
regardless of the form in which it is communicated, and whether or not marked
"trade secret" or "confidential" or any similar legend: (i) lists of and/or
information concerning customers, suppliers, employees, consultants, and/or
co-venturers of the Company, its affiliates or its clients or customers; (ii)
information submitted by customers, suppliers, employees, consultants and/or
co-venturers of the Company, its affiliates and/or its clients or customers;
(iii) information concerning the business of the Company, its affiliates and/or
its clients or customers, including, without limitation, cost information,
profits, sales information, prices, accounting, unpublished financial
information, business plans or proposals, markets and marketing methods,
advertising and marketing strategies, administrative procedures and manuals, the
terms and conditions of the Company's contracts and trademarks and patents under
consideration, distribution channels, franchises, investors, sponsors and
advertisers; (iv) technical information concerning products and services of the
Company, its affiliates and/or its clients or customers, including, without
limitation, product data and specifications, diagrams, flow charts, know how,
processes, designs, formulae, inventions and product development; (v) lists of
and/or information concerning applicants, candidates or other prospects for
employment, independent contractor or consultant positions at or with any actual
or prospective customer or client of Company and/or its affiliates, any and all
confidential processes, inventions or methods of conducting business of the
Company, its affiliates and/or its clients or customers; (vi) any and all
versions of proprietary computer software (including source and object code),
hardware, firmware, code, discs, tapes, data listings and documentation of the
Company, its affiliates and/or its clients or customers; (vii) any other
information disclosed to the Executive by, or which the Executive obtained under
a duty of confidence from, the Company, its affiliates and/or its clients or
customers; (viii) all other information concerning the Company not generally
known to the public which, if misused or disclosed, could reasonably be expected
to adversely affect the business of the Company, its affiliates and/or its
clients or customers.

            (c) The Executive affirms that he does not possess and will not rely
upon the protected trade secrets or confidential or proprietary information of
his prior employer(s) in providing services to the Company.

            (d) In the event that the Executive's employment with the Company
terminates for any reason, the Executive shall deliver forthwith to the Company
any and all originals and copies of Confidential Information.

      13. Ownership and Assignment of Inventions.

            (a) The Executive acknowledges that, in connection with his duties
and responsibilities relating to his employment with the Company, he and/or
other employees of the Company working with him, without him or under his
supervision, may create, conceive of, make, prepare, work on or contribute to
the creation of, or may be asked by the Company or its affiliates to create,
conceive of, make, prepare, work on or contribute to the creation of, without
limitation, lists, business diaries, business address books (except for business
addresses and business address books not related to the Company), documentation,
ideas, concepts, inventions, designs, works of authorship, computer programs,

                                      -8-
<PAGE>

audio/visual works, developments, proposals, works for hire or other materials
("Inventions"). To the extent that any such Inventions relate to any actual or
reasonably anticipated business of the Company or any of its affiliates, or
falls within, is suggested by or results from any tasks assigned to the
Executive for or on behalf of the Company or any of its affiliates, the
Executive expressly acknowledges that all of his activities and efforts relating
to any Inventions, whether or not performed during his or the Company's regular
business hours, are within the scope of his employment with the Company and that
the Company owns all right, title and interest in and to all Inventions,
including, to the extent that they exist, all intellectual property rights
thereto, including, without limitation, copyrights, patents and trademarks in
and to all Inventions. The Executive also acknowledges and agrees that the
Company owns and is entitled to sole ownership of all rights and proceeds to all
Inventions.

            (b) The Executive expressly acknowledges and agrees to assign to the
Company, and hereby assigns to the Company, all of the Executive's right, title
and interest in and to all Inventions, including, to the extent they exist, all
intellectual property rights thereto, including, without limitation, copyrights,
patents and trademarks in and to all Inventions.

            (c) In connection with all Inventions, the Executive agrees to
disclose any Invention promptly to the Company and to no other person or entity.
The Executive further agrees to execute promptly, at the Company's request,
specific written assignments of the Executive's right, title and interest in any
Inventions, and do anything else reasonably necessary to enable the Company to
secure or obtain a copyright, patent, trademark or other form of protection in
or for any Invention in the United States or other countries.

            (d) The Executive acknowledges that all rights, waivers, releases
and/or assignments granted in this paragraph 13 by the Executive are freely
assignable by the Company and are made for the benefit of the Company and its
Affiliates, subsidiaries, licensees, successors and assigns.

      14. Non-Competition And Non-Solicitation.

            (a) The Executive agrees and acknowledges that the Confidential
Information that the Executive has already received and will receive are
valuable to the Company, its affiliates and/or its clients or customers, and
that its protection and maintenance constitutes a legitimate business interest
of Company, its affiliates and/or its clients or customers to be protected by
the non-competition restrictions set forth herein. The Executive agrees and
acknowledges that the non-competition restrictions set forth herein are
reasonable and necessary and do not impose undue hardship or burdens on the
Executive. The Executive also acknowledges that the products and services
developed or provided by the Company, its affiliates and/or its clients or
customers are or are intended to be sold, provided, licensed and/or distributed
to customers and clients in and throughout the United States ("the Geographic
Boundary"), and that the Geographic Boundary, scope of prohibited competition,
and time duration set forth in the non-competition restrictions set forth below
are reasonable and necessary to maintain the value of the Confidential
Information of, and to protect the goodwill and other legitimate business
interests of, the Company, its affiliates and/or its clients or customers. The
Executive also acknowledges that the business of the Company is providing search
engine marketing services, online media and web analytic software (the "Business
of the Company").

                                      -9-
<PAGE>

            (b) The Executive hereby agrees and covenants that he shall not,
directly or indirectly, in any capacity whatsoever, including, without
limitation, as an employee, employer, consultant, principal, partner,
shareholder, officer, director or any other individual or representative
capacity (other than a holder of less than one percent (1%) of the outstanding
voting shares of any publicly held company), or whether on the Executive's own
behalf or on behalf of any other person or entity or otherwise howsoever, during
the Executive's employment with the Company and for a period of two years
following the termination of this Agreement and the Executive's employment with
the Company for any reason, in the Geographic Boundary:

                  (i) Engage, own, manage, operate, control, be employed by,
consult for, participate in, or be connected in any manner with the ownership,
management, operation or control of any business in competition with the
Business of the Company;

                  (ii) Solicit, persuade or induce any Customer: to terminate,
reduce or refrain from renewing, extending, or entering into contractual or
other relationships with the Company or to become a customer of or enter into
any contractual or other relationship with any other individual, person or
entity for the purpose of purchasing competitive products or services; or

                  (iii) Recruit, hire, induce, contact, divert or solicit, or
attempt to recruit, induce, contact, divert or solicit, any employee of the
Company to leave the employment thereof, whether or not any such employee is
party to an employment agreement.

      15. Indemnification. The Company hereby covenants and agrees to indemnify
the Executive to the fullest extent permitted by law and to hold the Executive
harmless fully, completely, and absolutely against and in any respects to any
and all actions, suits, proceedings, claims, demands, judgments, costs, expenses
(including attorneys' fees), losses, and damages resulting from the Executive's
good faith performance of his job duties pursuant to this Agreement. The Company
also hereby agrees to cover the Executive under a directors' and officers'
liability insurance policy at all times, with such coverage no less favorable
than that given to other executive employees of the Company.

      16. Dispute Resolution. The Parties agree that any dispute or claim,
whether based on contract, tort, discrimination, retaliation, or otherwise,
relating to, arising from, or connected in any manner with this Agreement and
the terms and conditions of the Executive's employment with the Company shall be
resolved exclusively through final and binding arbitration under the auspices of
the American Arbitration Association ("AAA"). The arbitration shall be held in
the Borough of Manhattan, New York, New York. The arbitration shall proceed in
accordance with the National Rules for the Resolution of Employment Disputes of
the American Arbitration Association ("AAA") in effect at the time the claim or
dispute arose, unless other rules are agreed upon by the parties. The
arbitration shall be conducted by one arbitrator who is a member of the AAA,
unless the parties mutually agree otherwise. The arbitrators shall have
jurisdiction to determine any claim, including the arbitrability of any claim,
submitted to them. The arbitrators may grant any relief authorized by law for
any properly established claim. The interpretation and enforceability of this
paragraph of this Agreement shall be governed and construed in accordance with
the United States Federal Arbitration Act, 9. U.S.C. ss.1, et seq. More
specifically, the parties agree to submit to binding arbitration any claims for
unpaid wages or benefits, or for alleged discrimination, harassment, or
retaliation, arising under Title VII of the Civil Rights Act of 1964, the Equal
Pay Act, the National Labor Relations Act, the Age Discrimination in Employment
Act, the Americans With Disabilities Act, the Employee Retirement Income
Security Act, the Civil Rights Act of 1991, the Family and Medical Leave Act,
the Fair Labor Standards Act, Sections 1981 through 1988 of Title 42 of the
United States Code, COBRA, the New York State Human Rights Law, the New York
City Human Rights Law, and any other federal, state, or local law, regulation,
or ordinance, and any common law claims, claims for breach of contract, or
claims for declaratory relief. The Executive acknowledges that the purpose and
effect of this paragraph is solely to elect private arbitration in lieu of any
judicial proceeding he might otherwise have available to him in the event of an
employment-related dispute between him and the Company. Therefore, the Executive
hereby waives his right to have any such employment-related dispute heard by a
court or jury, as the case may be, and agrees that his exclusive procedure to
redress any employment-related claims will be arbitration.

                                      -10-
<PAGE>

      Notwithstanding this agreement to arbitrate, the Parties agree that any
violation of paragraphs 12, 13 or 14 of this Agreement may be restrained by the
issuance of an injunction or other equitable relief by a court of competent
jurisdiction, in addition to other remedies provided by law or this Agreement.

      In the event of any legal action or other proceeding arising out of or
related to or for the enforcement of this Agreement, the prevailing party shall
be entitled to recover its reasonable attorneys' fees, costs and expenses
incurred in that action or proceeding, including attorneys' fees, costs and
expenses incurred on appeal, if any, in addition to any other relief to which
such party may be entitled, from the non-prevailing party.

      17. Notice. For purposes of this Agreement, notices and all other
communications provided for in this Agreement or contemplated hereby shall be in
writing and shall be deemed to have been duly given when personally delivered,
delivered by a nationally recognized overnight delivery service or when mailed
United States Certified or registered mail, return receipt requested, postage
prepaid, and addressed as follows:

                                      -11-
<PAGE>

                  If to the Company:

                                            InfoSearch Media, Inc.
                                            4086 Del Rey Avenue
                                            Marina Del Rey, California 90292

                  If to the Executive:

                                            Steve Lazuka
                                            4086 Del Rey Avenue
                                            Marina Del Rey, California 90292

      18. Miscellaneous.

            (a) Telephones, stationery, postage, e-mail, the internet and other
resources made available to the Executive by the Company, are solely for the
furtherance of the Company's business.

            (b) All issues and disputes concerning, relating to or arising out
of this Agreement and from the Executive's employment by the Company, including,
without limitation, the construction and interpretation of this Agreement, shall
be governed by and construed in accordance with the internal laws of the State
of New York, without giving effect to that State's principles of conflicts of
law. The Executive hereby consents to jurisdiction in the courts of New York.

            (c) The Parties agree that any provision of this Agreement deemed
unenforceable or invalid may be reformed to permit enforcement of the
objectionable provision to the fullest permissible extent. Any provision of this
Agreement deemed unenforceable after modification shall be deemed stricken from
this Agreement, with the remainder of the Agreement being given its full force
and effect.

            (d) The Company shall be entitled to equitable relief, including
injunctive relief and specific performance as against the Executive, for the
Executive's threatened or actual breach of paragraphs 12, 13 and 14 of this
Agreement, as money damages for a breach thereof would be incapable of precise
estimation, uncertain, and an insufficient remedy for an actual or threatened
breach of paragraphs 12, 13 and 14 of this Agreement. The Parties agree that any
pursuit of equitable relief in respect of paragraphs 12, 13 and 14 of this
Agreement shall have no effect whatsoever regarding the continued viability and
enforceability of paragraph 16 of this Agreement.

            (e) Any waiver or inaction by the Company or the Executive for any
breach of this Agreement shall not be deemed a waiver of any subsequent breach
of this Agreement.

            (f) The Parties independently have made all inquiries regarding the
qualifications and business affairs of the other which either party deems
necessary. The Executive affirms that he fully understands this Agreement's
meaning and legally binding effect. Each party has participated fully and
equally in the negotiation and drafting of this Agreement.

            (g) The Executive's obligations under this Agreement are personal in
nature and may not be assigned by the Executive to any other person or entity.
This Agreement shall be enforceable by the Company and its parents, affiliates,
successors and assigns.

                                      -12-
<PAGE>

            (h) This instrument constitutes the entire Agreement between the
parties regarding its subject matter. When signed by all parties, this Agreement
supersedes and nullifies all prior or contemporaneous conversations,
negotiations, or agreements, oral and written, regarding the subject matter of
this Agreement. In any future construction of this Agreement, this Agreement
should be given its plain meaning. This Agreement may be amended only by a
writing signed by the Parties.

            (i) This Agreement may be executed in counterparts, a counterpart
transmitted via facsimile, and all executed counterparts, when taken together,
shall constitute sufficient proof of the parties' entry into this Agreement. The
parties agree to execute any further or future documents which may be necessary
to allow the full performance of this Agreement. This Agreement contains
headings for ease of reference. The headings have no independent meaning.

THE EXECUTIVE STATES THAT HE HAS FREELY AND VOLUNTARILY ENTERED INTO THIS
AGREEMENT AND THAT HE HAS READ AND UNDERSTOOD EACH AND EVERY PROVISION THEREOF.
THIS AGREEMENT IS EFFECTIVE UPON THE EXECUTION OF THIS AGREEMENT BY BOTH
PARTIES. UNDERSTOOD, AGREED, AND ACCEPTED:

Steve Lazuka                                         InfoSearch Media, Inc.

/s/ Steve Lazuka                                     By: /s/ Steve Lazuka
--------------------------------                        ------------------------
                                                     Name:  Steve Lazuka
                                                          ----------------------
                                                     Title: Director
                                                           ---------------------

Date: 12/31/04                                       Date:  12/31/04
     ---------------------------                          ----------------------

                                      -13-

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