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                                                                    EXHIBIT 10.2

                    AGREEMENT OF MODIFICATION WITH MR. DELUCA

                            AGREEMENT OF MODIFICATION

         The Parties, executing this Agreement of Modification as of this __ day
of February, 2002, agree as follows:

         WHEREAS, Visual Data Corporation ("VDAT") and Frederick A. Deluca
("Deluca") (collectively the "Parties") entered into that certain Loan Agreement
(the "Loan Agreement") dated as of December 5, 2001, and that certain Secured
Promissory Note (the "Note") dated as of December 4, 2001, (both Loan Agreement
and Note attached hereto).

         WHEREAS, Deluca agreed to advance to VDAT up to an additional
$1,500,000 for a total advance of $3,000,000.

         WHEREAS, pursuant to Section 9.04 of the Loan Agreement and Paragraph 7
of the Note, the Parties may modify the provisions therein and agree to do so as
follows:

         1. The parties agree that as of the date this Agreement of
Modification, VDAT has made total principal payments to DeLuca under the Note in
the amount of $293,760.96 against the initial $1,500,000 of principal DeLuca
advanced to VDAT under the Loan Agreement. Notwithstanding terms of the Loan
Agreement to the contrary, DeLuca hereby agrees to advance to VDAT the sum of
$793,760.90 (the "Second Advance") as of the date of this Agreement of
Modification is executed, which sum represents the entire second $1,500,000
installment of the total $3,000,000 loan amount reduced by the amount of
$706,239.10, which the parties agree to treat as principal repaid by VDAT on the
initial $1,500,000 advance. The parties agree that after the Second Advance, the
total outstanding principal amount owed to DeLuca shall be $2,000,000.00.

         2. As a result of the aforementioned acknowledgments, VDAT hereby
unconditionally promises to pay to the order of DeLuca $2,000,000 (the total
outstanding principal balance due as of the date this Agreement of Modification
is executed), to be payable according to the Schedule attached hereto.

         3. Pursuant to Section 2.03 of the Loan Agreement, all Interest to date
has been prepaid to DeLuca in the form of restricted common stock of the VDAT.
DeLuca hereby agrees that any Interest due on the total outstanding principal
balance due as of the date this Agreement of Modification is executed will be
prepaid in the form of 500,000 shares of restricted common stock of VDAT.

         4. All terms and conditions contained in the Loan Agreement and Note
not otherwise modified hereby shall remain in full force and effect.
Notwithstanding the aforementioned sentence, to the extent any terms herein
conflict with the Loan Agreement or the Note, this Agreement of Modification
shall control.

                                       VISUAL DATA CORPORATION

                                       By: /s/ Randy S. Selman
                                           -------------------------------------
                                           Randy S. Selman

                                           -------------------------------------
                                           Frederick A. Deluca<PAGE>

                                                                    EXHIBIT 10.3

                   FINANCIAL ADVISORY AND CONSULTING AGREEMENT
                      WITH NATIONAL SECURITIES CORPORATION

                         NATIONAL SECURITIES CORPORATION
                         875 N. Michigan Ave, Suite 1560
                                Chicago, IL 60611
                            Telephone: (312) 751-8833
                               Fax: (312) 751-0760

         Member Chicago Stock Exchange - Member National Association of
                            Securities Dealers, Inc.

                   FINANCIAL ADVISORY AND CONSULTING AGREEMENT

         This agreement ("Agreement") is made and entered into this 18th day of
April, 2002 between Visual Data Corporation, a Florida corporation (the
"Company"), and National Securities Corporation (the "Consultant"). For good and
valuable consideration (the sufficiency and receipt of which is hereby
acknowledged) the Company and National hereto mutually agree and intend to be
legally bound for themselves and their respective heirs, legal representatives,
successors and assigns to the terms of this Agreement.

         1.       PURPOSE. The Company hereby retains the Consultant on a
                  non-exclusive basis during the term specified to render
                  consulting advice to the Company relating to financial and
                  similar matters, upon the terms and conditions as set forth
                  herein.

         2.       TERMS AND CONSIDERATION. This Agreement shall be effective for
                  a period of twelve months commencing on the date first written
                  above (the "Engagement Period"). The Company shall issue to
                  Consultant 100,000 shares of common stock of the Company (the
                  "Common Stock"). The Common Stock shall be issued as follows:
                  50,000 shares upon the execution of this agreement; 25,000
                  shares 90 days from this agreement; 12,500 shares 180 days
                  from this agreement, and 12,500 shares 270 days from this
                  agreement. The Company shall issue to Consultant 200,000
                  common stock purchase warrants (the "Warrants") exercisable
                  for a period of five (5) years exercisable at 120% of the
                  market price of the common stock at the execution of this
                  agreement. The Warrants shall be issued in four tranches of
                  50,000 warrants per tranch, as follows: the first tranche
                  shall be issued upon execution of this agreement, the second
                  tranche shall be issued 90 days from the execution of this
                  agreement, the third tranche shall be issued 180 days from the
                  execution of this agreement, and the final tranche shall be
                  issued 270 days from the execution of this agreement. The
                  market price will be determined by the average last five
                  trading days closing price prior to the execution of this
                  agreement. The Company has the right to terminate this
                  Agreement at any time. If the agreement is terminated the

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                  unissued Common Stock and Warrants shall not be issued to
                  Consultant. The Company will file a registration statement for
                  the Common Stock and the common stock underlying the Warrants
                  within 120 days from the execution of this agreement and the
                  Company will use its best efforts to have the registration
                  declared effective 180 days from the execution of this
                  agreement. The Warrants shall provide piggyback registration
                  rights.

         3.       DUTIES OF CONSULTANT. During the term of this Agreement, the
                  Consultant will provide the Company with such regular and
                  customary consulting advice as is reasonably requested by the
                  Company, provided that the Consultant shall not be required to
                  undertake duties not reasonably within the scope of the
                  consulting advisory services contemplated by this Agreement.
                  In performance of these duties, the Consultant shall provide
                  the Company with the benefits of its best judgment and
                  efforts. lt is understood and acknowledged by the parties that
                  the value of the Consultant's advice is not measurable in any
                  quantitative manner, and that the Consultant shall not be
                  obligated to spend any specific amount of time doing so. The
                  Consultant's duties may include, but not be limited to:

                  A.       Providing sponsorship and exposure in connection with
                           the dissemination of corporate information regarding
                           the Company to the investment community at large.

                  B.       Assisting in the Company's financial public
                           relations, including discussions between the Company
                           and the financial community.

                  C.       Advice regarding the financial structure of the
                           Company and its divisions or subsidiaries or any
                           programs and projects, as such issues relate to the
                           public market for the Company's equity securities.

                  D.       Rendering advice with respect to any acquisition
                           program of the Company, as such program relates to
                           the public market for the Company's equity
                           securities.

                  E.       Rendering advice regarding the public market for the
                           Company's securities and the timing and structure of
                           any future public offering or private placement of
                           the Company's equity securities.

         4.       OPTIONAL SERVICES. At the request of the Company, Consultant
                  shall provide a Valuation Analysis of the Company for a fee of
                  $25,000. At the request of the Company, Consultant shall
                  provide an Industry White Paper for a fee of $15,000. The fee
                  for the Valuation Analysis or Industry White Paper is payable
                  in cash or at the Company's sole discretion in the Company's
                  common stock. The use of these services shall be subject to an
                  additional engagement letter to be executed by the parties
                  hereto at such time as is appropriate.

         5.       RELATIONSHIPS WITH OTHERS. The Company acknowledges that the
                  Consultant or its affiliates is in the business of providing
                  financial service and consulting advice (of all types
                  contemplated by this Agreement) to others. Nothing contained
                  herein

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                  shall be construed to limit or restrict the Consultant in
                  conducting such business with respect to others, or in
                  rendering such advise to others. In connection with the
                  rendering of services hereunder, Consultant has been or will
                  be furnished with confidential information concerning the
                  Company including, but not limited to, financial statements
                  and information, cost and expense data, production data, trade
                  secrets, marketing and customer data, and such other
                  information not generally obtained from public or published
                  information or trade sources. Such information shall he deemed
                  "Confidential Material" and, except as specifically provided
                  herein, shall not be disclosed by Consultant without prior
                  written consent of the Company. In the event Consultant is
                  required by applicable law or legal process to disclose any of
                  the Confidential Material, it is agreed that Consultant will
                  deliver to the Company prompt notice of such requirement prior
                  to disclosure of same to permit the Company to seek an
                  appropriate protective order and/or waive compliance of this
                  provision. If, in the absence of a protective order or receipt
                  of written waiver, Consultant is nonetheless, in the written
                  opinion of counsel, compelled to disclose any Confidential
                  Material, Consultant may do so without liability hereunder
                  provided that notice of such prospective disclosure is
                  delivered to the Company prior to actual disclosure. Following
                  the termination of this Agreement, Consultant shall deliver to
                  the Company all Confidential Material.

         6.       CONSULTANT'S LIABILITY. In the absence of gross negligence or
                  willful misconduct on the part of National or National's
                  material breach of this Agreement, National shall not be
                  liable to the Company or to any officer, director, employee,
                  agent, representative, stockholder or creditor of the Company
                  for any action or omission of National or any of its officers,
                  directors, employees, agents, representatives or stockholders
                  in the course of, or in connection with, rendering or
                  performing any services hereunder. The liability of National
                  pursuant to this Engagement Letter shall be limited to the
                  aggregate fees received by National hereunder, which shall not
                  include any liability for incidental, consequential or
                  punitive damages. The Company agrees to indemnify National in
                  accordance with the provisions of Annex A hereto, which is
                  incorporated by reference and made a part hereof.

         7.       TERMINATION. This Engagement Letter may be terminated at any
                  time during the Engagement Period by National upon five (5)
                  days prior written notice to the Company, in the event that
                  National becomes aware of (i) any change in the business or
                  operations of the Company which National reasonably believes
                  may adversely affect National's ability to render the services
                  contemplated hereunder, (ii) any misrepresentation by the
                  Company with respect to the business operations, assets,
                  condition (financial or otherwise), results of operations or
                  prospects of the Company, or (iii) any breach by the Company
                  of its obligations under this Engagement Letter. In the event
                  of termination (i) this Engagement Letter shall become void,
                  without liability on the part of National or its affiliates,
                  directors, officers or stockholders, and (ii) National shall
                  be entitled to retain or receive compensation for services it
                  has rendered, including payment for expenses it has incurred
                  up to the date of such termination. The Company has the right
                  to terminate this Agreement at any time. If the agreement is
                  terminated the unissued Common Stock and Warrants shall not be
                  issued to Consultant.

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         8.       EXPENSES. The Company, upon receipt of appropriate supporting
                  documentation, shall reimburse the Consultant for any and all
                  reasonable out-of- pocket expenses incurred in connection with
                  services provided to the Company, subject to prior approval of
                  the Company. All expenses must comply with the policies of the
                  Company.

         9.       SALES OR DISTRIBUTIONS OF SECURITIES. If the Consultant
                  assists the Company in the sale or distribution of securities,
                  the Consultant shall receive fees and other forms of
                  compensation as are customarily received by investment bankers
                  in similar transactions. Such public offering or private
                  placement, undertaken by the Consultant on behalf of the
                  Company, shall be subject to an additional engagement letter
                  to be executed by the parties hereto at such time as is
                  appropriate.

         10.      LIMITATION UPON THE USE OF ADVICE AND SERVICES.

                  (a) No person or entity, other than the Company or any of its
subsidiaries or directors or officers of each of the foregoing, shall be
entitled to make use of or rely upon the advice of the Consultant to be given
hereunder, and the Company shall not transmit such advice to, or encourage or
facilitate the use or reliance upon such advice by others without the prior
consent of the Consultant.

                  (b) The Company hereby acknowledges that the Consultant, for
services rendered under this Agreement, makes no commitment whatsoever as to
recommend or advise its clients to purchase the securities of the Company.
Research reports that may be prepared by the Consultant will, when and if
prepared, be based solely on the merits, and independent judgment of analysts of
the Consultant.

                  (c) The Company hereby acknowledges that the Consultant, for
services rendered under this Agreement, makes no commitment whatsoever to make a
market in any of the Company's securities, on any stock exchange or in any
electronic marketplace. Any decision by Consultant to make a market in any of
the Company's securities shall be based solely on the independent judgment of
Consultant's traders and related supervisory personnel.

                  (d) Use of the Consultant's name in annual reports or any
other report of the Company or releases by the Company must have the prior
approval of the Consultant unless the Company is required by law to include
Consultant's name in such annual reports, other report or release of the
Company, in which event Consultant will be furnished with copies of such annual
reports or other reports or releases using Consultant's name in advance of
publication by the Company.

         11. SEVERABILITY. Every provision of this Agreement is intended to be
severable. If any term or provision hereof is deemed unlawful or invalid for any
reason whatsoever, such unlawfulness or invalidity shall not affect the validity
of this Agreement.

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         12. MISCELLANEOUS.

                  (a) Any notice or other communication between parties hereto
shall be sufficiently given if sent by certified or registered mail, postage
prepaid, or faxed and confirmed if to the Company, addressed to it at Visual
Data Corporation, 1291 SW 29th Avenue, Pompano Beach, FL 33069, or if to the
Consultant, addressed to it at National Securities Corporation, 875 N. Michigan
Ave, Suite 1560, Chicago, IL 60611. Such notice or other communication shall be
deemed to be given on the date of receipt.

                  (b) If the Consultant shall cease to do business, the
provisions hereof relating to duties of the Consultant and compensation by the
Company as it applies to the Consultant shall thereupon cease to be in effect,
except for the Company's obligation of payment for services rendered prior
thereto. This Agreement shall survive any merger of, acquisition of, or
acquisition by the Consultant and after any such merger or acquisition shall be
binding upon the Company and the corporation surviving such merger or
acquisition.

                  (c) This Agreement embodies the entire Agreement and
understanding between the Company and the Consultant and supersedes any and all
negotiations, prior discussions and preliminary and prior agreements and
understandings related to the central subject matter hereof.

                  (d) This agreement has been duly authorized, executed and
delivered by and on behalf of the Company and the Consultant.

                  (e) This Agreement shall be construed and interpreted in
accordance with the laws of the State of Washington, without giving effect to
conflicts of laws.

                  (f) There is no relationship of partnership, agency,
employment, franchise or joint venture between the parties. Neither party has
the authority to bind the other or incur any obligation on its behalf.

                  (g) This Agreement and the rights hereunder may not be
assigned by either party (except by operation of law) and shall be binding upon
and inure to the benefit of the parties and their respective successors, assigns
and legal representatives.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date hereof.

                                       Visual Data Corporation

                                       By: /s/ Randy Selman
                                           -------------------------------------
                                       Name: Randy Selman
                                       Title: Chairman and CEO

                                       National Securities Corporation

                                       By: /s/ Michael Bresner
                                           -------------------------------------
                                       Name: Michael Bresner
                                       Title: President

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