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                                                                    EXHIBIT 10.3

                         SECURITIES REPURCHASE AGREEMENT

         THIS SECURITIES REPURCHASE AGREEMENT (this "Agreement"), dated as of
June 5, 2003, is entered into by and among Cooperative Computing Holding
Company, Inc., a Delaware corporation (the "Company"), Cooperative Computing,
Inc., a Delaware corporation and wholly-owned subsidiary of the Company ("CCI"),
Glenn E. Staats ("G. Staats"), Preston W. Staats, Jr. ("P. Staats" and, together
with G. Staats, the "Sellers"), solely for the purpose of Sections 5.1, 5.4(b),
5.6, 5.7 and 8.2, Hicks, Muse, Tate & Furst Equity Fund III, L.P. and HM3
Coinvestors, L.P. (collectively, "HMTF") and, solely for the purpose of Sections
5.4(b), 5.6, 5.7, and 8.2, Hicks, Muse, Tate & Furst Incorporated and HMTF
Operating, L.P. (collectively, "Hicks Muse").

         WHEREAS, the Sellers are the record and beneficial owners of an
aggregate 16,000,000 shares (the "Shares") of common stock, par value $.000125
per share (the "Common Stock"), of the Company;

         WHEREAS, the Company desires to purchase from each of the Sellers all
of the Shares owned by such Seller as set forth on Exhibit A attached hereto;

         WHEREAS, the Company, the Sellers, HMTF and A. Laurence Jones are
parties to a Stockholders Agreement dated as of May 26, 1999 (the "Stockholders
Agreement");

         WHEREAS, Section 9.7.2 of the Stockholders Agreement provides that any
provision of the Stockholders Agreement may be amended or waived if such
amendment or waiver is in writing and is signed by the Company and holders of
Common Stock who then own beneficially more than 66 2/3% of the aggregate number
of shares of Common Stock subject to the Stockholders Agreement ("Required
Holders");

         WHEREAS, the Sellers and HMTF constitute Required Holders;

         WHEREAS, as more particularly described herein, the Company, the
Sellers and HMTF desire to waive the applicability of any notice requirements or
other provisions of the Stockholders Agreement to the transactions contemplated
by this Agreement;

         WHEREAS, following the consummation of the transactions contemplated by
this Agreement, the Sellers will no longer own any shares of Common Stock and
desire to terminate any rights or obligations they may have under the
Stockholders Agreement;

         WHEREAS, P. Staats filed suit against CCI in the case styled Preston W.
Staats, Jr. v. Cooperative Computing, Inc., Cause No. A-02-CA-787-JN, United
States District Court for the Western District of Texas, Austin Division (the
"Litigation");

         WHEREAS, conditioned upon, and effective at, the Closing, the Sellers,
on the one hand, and CCI, the Company, HMTF and Hicks Muse on the other hand,
desire to enter into mutual releases with respect to any Claims (as hereinafter
defined) and the Litigation; and

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         WHEREAS, HMTF, the Sellers and each other stockholder of the Company
has concurrently herewith executed a Unanimous Written Consent of Stockholders
in the form attached hereto as Exhibit B, pursuant to which such stockholders
authorized and approved this Agreement and the transactions contemplated hereby.

         NOW, THEREFORE, in consideration of the premises, mutual covenants and
agreements hereinafter contained and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties hereto
hereby agree as follows:

                                    ARTICLE I

                         PURCHASE AND SALE OF SECURITIES

         1.1      Commitments to Sell and Purchase. At the Closing, upon the
terms and subject to the conditions contained herein, each of the Sellers shall
sell, assign, transfer, convey and deliver to the Company, and the Company shall
purchase from each of the Sellers the Shares owned by such Seller as set forth
opposite such Seller's name on Exhibit A hereto, in each case free and clear of
all liens, claims, encumbrances, security interests or other restrictions of any
kind ("Liens").

         1.2      Purchase Price; Payment of Purchase Price. The aggregate
consideration to be paid by the Company to the Sellers for the Shares shall be
$30 million, consisting of (i) $28 million in cash and (ii) unsecured promissory
notes (the "Notes") in the aggregate principal amount of $2 million, with
interest payable during the ninety (90) days immediately following the Closing
at the applicable federal rate and thereafter at ten percent (10%) per annum,
and maturing at such time as the indenture governing the CCI's 9% Senior
Subordinated Notes due 2008 (the "Existing Notes") in aggregate principal amount
of $100,000,000 and applicable Delaware law permit CCI to dividend to the
Company the funds necessary to repay the Notes (the "Purchase Price"). The
Purchase Price shall be allocated among the Sellers as set forth on Exhibit A
hereto. At the Closing, the Company shall execute and deliver the Notes and pay
to each Seller the cash portion of the Purchase Price allocable to such Seller
as set forth on Exhibit A by wire transfer of immediately available funds to
accounts designated by each of the Sellers in writing to Company not later than
two (2) business days prior to the Closing Date; provided, however, that in the
case of the $4,666,666.67 cash payment owing to P. Staats, (a) $3,666,666.67
shall be paid at the Closing and (b) $1,000,000 shall be paid on the later to
occur of the Closing Date or the date the ADEA Revocation Period (as defined in
Section 8.12) expires without P. Staats revoking the release contained in
Section 5.4(a)(iii)(A) of this Agreement pursuant to Section 8.12 hereof, it
being understood that if P. Staats revokes such provisions pursuant to such
Section 8.12 he will not be entitled to receive such additional $1,000,000
payment, and any amounts being held in escrow pursuant to the following sentence
shall be released to the Company. To the extent that $1,000,000 is required to
be held back from the payment to be made to P. Staats at the Closing pursuant to
the proviso contained in the preceding sentence, the Company shall deposit such
$1,000,000 into escrow with a third party escrow agent, which $1,000,000

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shall be released to P. Staats upon (x) notification by the Company to the
Escrow Agent that the ADEA Revocation Period has expired and (y) P. Staats'
execution and delivery to the Company of the release in the form attached hereto
as Exhibit C.

                                   ARTICLE II

                             CLOSING AND TERMINATION

         2.1      Closing. The purchase and sale of the Shares will take place
at a closing (the "Closing") to be held at the offices of Weil, Gotshal & Manges
LLP, 100 Crescent Court, Suite 1300, Dallas, Texas 75201, at 10:00 a.m., Dallas
time, on the second business day after the conditions set forth in Article VI
(other than conditions with respect to actions the respective parties will take
at the Closing) have been satisfied or waived by the party entitled to do so, or
on such other date, or at such other place and time as the parties shall
mutually agree. The date on which the Closing is held is referred to as the
"Closing Date". As used herein, the phrase "effective as of the Closing Date"
means the time when all conditions to Closing set forth in Article VI have
either been satisfied or waived by the party entitled to do so (including,
without limitation, the payment of the Purchase Price by the Company in
accordance with Section 1.2).

         2.2      Termination. This Agreement may be terminated prior to the
Closing as follows:

                  (a)      by the written agreement of the Company and the
Sellers; or

                  (b)      by either the Company or the Sellers if the Closing
shall not have occurred on or prior to the 180th day after the date of this
Agreement; provided, however, that the right to terminate this Agreement
pursuant to this Section 2.2(b) shall not be available to any party whose
conditions to Closing as set forth in Sections 6.1 and 6.2 have been satisfied
and such party has nevertheless refused to consummate the transactions
contemplated by this Agreement; or

                  (c) by the Sellers if on or prior to the pricing date of CCI's
pending senior notes offering, (i) the Board of Directors of CCI has not
determined that the conditions to Closing set forth in Sections 6.2(d) and (e)
can be satisfied and (ii) the Company has not waived compliance with such
conditions.

                                   ARTICLE III

                  REPRESENTATIONS AND WARRANTIES OF THE SELLERS

                  Each Seller, as to himself only, makes the following
representations and warranties to the Company and CCI:

         3.1      Authorization. Each Seller has all requisite power, authority
and legal capacity to execute and deliver this Agreement and to consummate the
transactions

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contemplated hereby. This Agreement has been duly and validly executed and
delivered by each Seller and (assuming the due authorization, execution and
delivery by the other parties hereto) this Agreement constitutes legal, valid
and binding obligations of each Seller, enforceable against each Seller in
accordance with its terms, subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and similar laws affecting
creditors' rights and remedies generally, and subject, as to enforceability, to
general principles of equity, including principles of commercial reasonableness,
good faith and fair dealing (regardless of whether enforcement is sought in a
proceeding at law or in equity).

         3.2      Ownership and Transfer of Shares. Each Seller is the sole
record and beneficial owner of the Shares indicated as being owned by such
Seller on Exhibit A attached hereto, free and clear of any and all Liens. Each
Seller has the power and authority to sell, transfer, assign and deliver such
Shares as provided in this Agreement, and such delivery will convey to the
Company good title to such Shares, free and clear of any and all Liens. Except
for this Agreement and the Stockholders Agreement, no Seller is a party to any
voting, trust, proxy or other agreement or understanding with respect to the
voting, purchase, sale or other disposition of the Shares or any interest
therein.

                                   ARTICLE IV

              REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND CCI

         Each of the Company and CCI makes the following representations and
warranties to the Sellers:

         4.1      Organization and Good Standing. Each of the Company and CCI is
validly existing and in good standing under the laws of the State of Delaware.
Each of the Company, CCI and their respective subsidiaries has the requisite
corporate power and authority to own, lease or otherwise hold the assets owned,
leased or otherwise held by it and to carry on its business as now being
conducted.

         4.2      Authorization. Each of the Company and CCI has all requisite
corporate power and authority to enter into this Agreement and to perform its
obligations hereunder. The execution, delivery and performance of this Agreement
have been duly authorized by all necessary corporate action on the part of the
Company and CCI, and this Agreement has been duly executed and delivered by the
Company and CCI. This Agreement constitutes the legal, valid and binding
obligation of the Company and CCI, enforceable against the Company and CCI in
accordance with its terms subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and similar laws affecting
creditors' rights and remedies generally, and subject, as to enforceability, to
general principles of equity, including principles of commercial reasonableness,
good faith and fair dealing (regardless of whether enforcement is sought in a
proceeding at law or in equity).

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                                    ARTICLE V

                                    COVENANTS

         5.1      Stockholders Agreement. In accordance with Section 9.7.2 of
the Stockholders Agreement, each of the Company, the Sellers and HMTF hereby
waive the applicability of any of the provisions of the Stockholders Agreement
to any of the transactions contemplated by this Agreement, including, without
limitation, Sections 4.2 (Tag Along Rights), 5.1 (Restrictions on Transfer) and
5.3 (Notice of Proposed Transfers). In addition, conditioned upon, and effective
at, the Closing pursuant to Section 2.1.4 of the Stockholders Agreement, the
Sellers hereby elect to terminate their rights under Article 2 of the
Stockholders Agreement with respect to the designation of directors to the
Company's and CCI's Boards of Directors. Conditioned upon, and effective at, the
Closing, each of the Sellers, the Company and HMTF acknowledges and agrees that
the Stockholders Agreement (including, without limitation, all of the
obligations set forth in Section 8.1 of the Stockholders Agreement) shall
terminate as to each of the Sellers, and that upon such termination neither of
the Sellers shall have any further rights or obligations under the Stockholders
Agreement from and after such termination.

         5.2      Proprietary Information; Nonsolicitation; Covenant Not to
Compete.

                  (a)      Each Seller acknowledges and agrees that he has had
access to and may have created or developed (either alone or with others)
Proprietary Information. For purposes of this Agreement, "Proprietary
Information" means, unless known generally to the public, specifications,
computer source codes, passwords, data bases, technical documentation, programs,
strategic or technical research data and product research and development data
of the Company, CCI and the respective subsidiaries, and any other information
previously specifically identified by the Company, CCI or their respective
subsidiaries as confidential or proprietary information of the Company, CCI, or
their respective subsidiaries.

                  Effective as of the Closing Date, for a period of seven years
from the Closing Date, each Seller shall hold in confidence and not directly or
indirectly disclose, use or copy or make lists of any Proprietary Information or
other confidential information of the Company, CCI or any of their respective
subsidiaries, except to the extent (i) authorized in writing by the Board of
Directors of the Company or CCI or (ii) required by any court or administrative
agency. Notwithstanding anything to the contrary contained in this Section
5.2(a), nothing in this Section 5.2(a) shall prohibit G. Staats or P. Staats
from using any such Proprietary Information on behalf of Internet Autoparts,
Inc. ("IAP") to the extent, but only to the extent, that it is expressly
permitted to be used by IAP for the purposes permitted by the terms of that
certain Software and Data License and Service Agreement, dated as of May 31,
2000, between IAP and CCI (the "IAP License Agreement").

                  All Proprietary Information, other confidential information
and all records, files, documents and materials, or copies thereof, relating to
the business of the

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Company, CCI and their respective subsidiaries which such Seller has prepared,
or has used, or has come into contact with, or now has or shall have in its
possession or control (collectively, "Company Materials"), shall be and remain
the sole property of the Company, CCI or their respective subsidiaries, as the
case may be. On the Closing Date, each Seller shall promptly destroy or return
to the Company or CCI any and all computer source codes, passwords, confidential
customer or prospect lists, data bases, technical documentation and programs in
the possession or control of such Seller and in any way related to any of the
Company's or CCI's products, data or software and, to the extent any other types
of Company Materials are specifically identified in writing from time to time by
the Company to the Sellers, each Seller shall promptly destroy or return to the
Company or CCI any such Company Material in the possession or control of such
Seller and so identified by the Company. The failure of the Company to identify
specific types of Company Materials that the Company requires to be returned or
destroyed pursuant to the immediately preceding sentence shall not reduce or
diminish the obligations of the Sellers to comply with the remaining terms of
this Section 5.2(a).

                  (b)      Effective as of the Closing Date, except with the
prior written approval of the Board of Directors of the Company or CCI, for a
period of seven years from the Closing Date, each Seller agrees that he shall
not, directly or indirectly:

                           (i)      solicit, entice, persuade or induce any
         employee of the Company, CCI or any of their respective subsidiaries
         (each, a "Company Employee") to terminate his employment by the
         Company, CCI or any of their respective subsidiaries or to become
         employed by any person or entity other than the Company, CCI or any of
         their respective subsidiaries;

                           (ii)     solicit, induce or attempt to induce any
         customer or supplier of the Company, CCI or any of their respective
         subsidiaries with whom the Company, CCI or any of their respective
         subsidiaries does business to cease doing business in whole or in part
         or alter in any way, terminate or breach his, her or its relationship
         with the Company, CCI or any of their respective subsidiaries; and

                           (iii)    authorize or assist in the taking of such
         actions by any third party.

                  Notwithstanding the foregoing, (A) neither Section 5.2(b)(i)
nor Section 5.2(b)(iii) shall prohibit (i) any advertisement or general
solicitation (or hiring as a result thereof) by a Seller or Seller Affiliate (as
hereinafter defined) that is not specifically targeted at the Company Employees,
(ii) the solicitation or hiring by a Seller or any Seller Affiliate of any
Company Employee who initiates employment discussions with such Seller or Seller
Affiliate or (iii) a Seller or any Seller Affiliate from writing letters of
recommendation or giving verbal recommendation for any Company Employee; and (B)
neither Section 5.2(b)(ii) nor Section 5.2(b)(iii) shall prohibit either Seller
or any Seller Affiliate from engaging in lawful competitive activities that are
not precluded by Section 5.2(c) below.

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                  (c)      Effective as of the Closing Date, for a period of
seven years from the Closing Date, each Seller agrees that he shall not,
directly or indirectly, engage, participate, make any financial investment in,
or become employed by or render advisory or other services to or for any person
or other business enterprise which is engaged, directly or indirectly, (i) in
the business of designing, licensing or selling management information systems
and/or services or portions thereof (including business management, inventory
control, communications, estimating, database content and content delivery,
supply chain management, and business intelligence and analytics), catalog and
associated database and content management systems and services, data
warehousing systems and services, and database products and services (including
catalog, pricing, bar codes, images, labor, repair, interchange, service
specifications, service intervals, tune up specifications, tire and tire fitment
information), and of providing associated support, training, and other related
services, to the automotive aftermarket parts industry, the medium and heavy
duty truck industry, the motorcycle industry, the marine industry and the
building supply industry or (ii) in any other business that the Company, CCI, or
any of their respective current subsidiaries is engaged in as of the Closing
Date. Notwithstanding any other provisions of this Agreement to the contrary,
the foregoing covenant shall not preclude (A) G. Staats from continuing to be
employed as the Chief Executive Officer or serving on the Board of Directors of
IAP, or either Seller from serving in any other capacity with IAP (including the
performance of all duties associated with such capacity) or maintaining an
ownership interest in IAP; provided that, in the case of the Sellers' employment
by IAP or the Sellers' rendering services to IAP in any capacity, other than as
a director, IAP does not otherwise engage in any activities that would violate
any of the provisions of Section 10.2 of the IAP License Agreement; (B) either
Seller or any Seller Affiliate from engaging in the business of designing,
licensing, managing, supporting, training, renting, leasing or selling
technology solutions to automate repair and maintenance activities (including
part lookup and ordering, service bay productivity, technician productivity, job
cost estimating, service reminders, repair and maintenance invoicing, vehicle
maintenance history, and repair and procedure profitability, accounting and
other closely related activities) to commercial enterprises engaged in the
business of repair or maintenance of automobiles and/or trucks; provided that to
the extent such commercial enterprises are involved in multiple business lines,
the foregoing clause (B) shall only permit Seller and the Seller Affiliates to
engage in the businesses specified in such clause (B) to the segment of such
commercial enterprise that is actually engaged in the business of repair or
maintenance of automobiles and/or trucks (for example if an automotive
aftermarket parts distributor acquired a service dealer chain, Seller or Seller
Affiliates will be permitted to engage in such businesses with the service
dealer chain, but not with the automotive aftermarket parts distributor). For
the avoidance of doubt, Seller and the Seller Affiliates are expressly
prohibited from developing or owning an automotive aftermarket hard parts
catalog, but are permitted to develop or own other related databases solely and
exclusively for the purpose of furthering the business described in this
subsection 5.2(c)(B); provided, that, in connection with this subsection
5.2(c)(B), either Seller or any Seller Affiliate may utilize, rent, lease,
license or sell any automotive aftermarket hard parts catalog obtained from CCI
(through a separately negotiated agreement) or any other person or entity but
may not otherwise develop or own such a catalog. In addition, notwithstanding
any other

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provisions of this Agreement to the contrary, the foregoing covenant shall not
preclude either Seller or any Seller Affiliate from making any investments in
the securities of any company, whether or not engaged in competition with the
Company, CCI or any of their respective subsidiaries, to the extent that such
securities are actively traded on a national securities exchange or in the
over-the-counter market in the United States or any foreign securities exchange
and such investment does not exceed five percent (5%) of the issued and
outstanding shares of such company or give either Seller or any Seller Affiliate
the right or power to control or participate directly in making the policy
decisions of such company. In the event that CCI believes that IAP has acted in
a manner that would violate Section 10.2 of the License Agreement, CCI shall
inform any Seller then providing services to IAP in any capacity (other than as
a director) in writing of the breach (each, a "Violation Notice"). In the event
that within thirty (30) days after receipt of a Violation Notice either (i) such
Seller resigns from all positions with IAP (other than as a director) or (ii)
IAP shall have ceased to engage in the activities identified in the Violation
Notice (and shall have compensated CCI for any damages resulting from such
competitive activities), then, in either such event, such Seller shall have no
personal liability for any violation of this Section 5.2(c) identified in the
Violation Notice.

                  (d)      Each Seller expressly acknowledges and agrees that
the duration and scope of this Section 5.2 are reasonable in light of the
circumstances as they exist on the date of this Agreement. However, should any
court of competent jurisdiction determine that any portion of this Section 5.2
is invalid, unreasonable, or unenforceable, the remainder of this Section 5.2
shall not thereby be affected and shall be given full effect without regard to
the invalid provisions. If any court construes any of the provisions of this
Section 5.2, or any part thereof, to be unreasonable because of the duration or
scope of such provision, such court shall have the power to reduce the duration
or scope of such provision and to enforce such provision as so reduced.

                  (e)      The parties hereto agree that (i) any breach by any
Seller of any of the provisions contained in this Section 5.2 would cause
irreparable damage to Company, CCI, and their respective subsidiaries for which
monetary damages and other remedies of law may be inadequate and (ii) the
Company or CCI will be entitled to obtain, without posting any bond whatsoever,
a restraining order, injunction, specific performance or other equitable or
extra ordinary relief from any court of competent jurisdiction to restrain any
threatened or further breach of such provisions or to require any Seller to
perform his or its obligations under this Section 5.2 at law, or in equity
(including the right to recover monetary damages).

                  (f)      In the event either Seller violates any provision of
this Section 5.2, the running of the time period of such provision so violated
shall be automatically suspended as to such Seller upon the date of such
violation and shall resume on the date such violation ceases. Accordingly, the
term of such provision shall automatically be extended by the period during
which such violation exists.

                  (g)      For purposes of this Agreement, the term "Seller
Affiliate" shall mean an entity, any portion of which is owned, directly or
indirectly, by either or both of

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the Sellers but shall not include IAP or any entity in which IAP or any of its
subsidiaries is a joint venture partner, investor or participant.

                  (h)      At any time, and from time to time, during the seven
(7) year term of the covenant set forth in Section 5.2(c) (the "Noncompete
Covenant"), either of Sellers or any Seller Affiliate may make inquiry of CCI by
written notice (each a "Compliance Inquiry") as to whether a specific business
activity specifically identified in the Compliance Inquiry (the "Proposed
Activity") will violate the Noncompete Covenant. Within sixty (60) days of any
Compliance Inquiry, CCI shall respond to the same by written notice (each a
"Response Notice") as to whether the Proposed Activity will be regarded by it as
violating the Noncompete Covenant, and the basis for any determination that the
Proposed Activity would violate the Noncompete Covenant. If CCI either (i) fails
to respond on a timely basis to any Compliance Inquiry, or (ii) responds that
the Proposed Activity described in the Compliance Inquiry will not violate the
Noncompete Covenant, the Sellers and any Seller Affiliate may engage in the
Proposed Activity and the same shall not be deemed to violate the Noncompete
Covenant and, rather, shall be deemed permitted by such covenant.

         5.3      Litigation Standstill. Each of P. Staats, the Company, and CCI
agree to stay all activities in the Litigation, including, without limitation,
refraining from seeking any discovery, filing any motions or amendments to
pleadings or previous motions, and to further postpone any deadlines, discovery
cut-offs, response dates, or similar matters which have not expired prior to the
date of this Agreement. P. Staats, CCI, and the Company shall cooperate in
taking all reasonable steps to ensure a stay of all activities in the Litigation
and to ensure that the Litigation, to the extent within the control of P.
Staats, CCI and the Company, remains inactive. Promptly following the Closing,
P. Staats shall cause his attorneys of record to file with the court a Motion to
Dismiss with Prejudice dismissing the Litigation with prejudice. Notwithstanding
anything to the contrary contained in this Section 5.3, in the event this
Agreement is terminated in accordance with the provisions of Section 2.2, this
Section 5.3 shall be of no further force or effect.

         5.4      General Release and Covenant Not to Sue by the Sellers.

                  (a)      Effective as of the Closing Date, each Seller, on
behalf of himself, his attorneys, heirs, executors, administrators, assigns, and
trusts, partnerships and other entities under such Seller's control (the "Seller
Parties"), hereby generally RELEASES AND FOREVER DISCHARGES the Company, CCI and
their respective predecessors, successors, assigns and subsidiaries, and each of
their respective affiliates, officers, directors, employees, agents,
representatives, employee benefit plans and fiduciaries, principals and
attorneys (the "Company Parties") from any and all claims, demands, liabilities,
suits, damages, losses, expenses, attorneys' fees, obligations or causes of
action, KNOWN OR UNKNOWN of any kind and every nature whatsoever, and whether or
not accrued or matured (collectively, "Claims"), which any of them may now have
or may in the future have arising out of or relating to any omission, acts or
facts that have occurred up and until and including the Closing Date, including,
without limitation, (i) any and all Claims relating to, arising from, or in
connection with the Litigation; (ii) any

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and all Claims for wrongful discharge of employment; fraud (including fraudulent
inducement to enter into this Agreement); misrepresentation; termination in
violation of public policy; discrimination; breach of contract, both express and
implied; breach of a covenant of good faith and fair dealing, both express and
implied; promissory estoppel; negligent or intentional infliction of emotional
distress; negligent or intentional misrepresentation; negligent or intentional
interference with contract or prospective economic advantage; breach of
fiduciary duty; unfair business practices; breach of confidentiality provision,
defamation; libel; slander; negligence; personal injury; assault; battery;
invasion of privacy; false imprisonment; tortious interference, theft,
embezzlement, and conversion; and (iii) any and all Claims for violation of (A)
the Age Discrimination in Employment Act of 1967 or (B) any other federal, state
or municipal statute, including, but not limited to, Title VII of the Civil
Rights Act of 1964, the Civil Rights Act of 1991, the Family Medical Leave Act,
the Americans with Disabilities Act of 1990, the Fair Labor Standards Act, the
Employee Retirement Income Security Act of 1974, The Worker Adjustment and
Retraining Notification Act, Older Workers Benefit Protection Act, and the Texas
Commission on Human Rights Act. Notwithstanding the foregoing, this release does
not in any way release, impair, or limit (i) any obligations incurred by or
owing from the Company or CCI to the Sellers under this Agreement, the Notes or
under any of the agreements between or among any of the Company Parties, on the
one hand, and any of the Sellers, on the other hand, related to IAP (the "IAP
Agreements") or (ii) any of Company's insurers from covering the Sellers for any
conduct, acts, injuries, or actions arising from, in connection with, or related
to the time period any such Seller was employed by or serving as an officer or
director of Company of CCI. Effective as of the Closing Date, each Seller, on
behalf of such Seller and the Seller Parties, hereby covenants forever NOT TO
ASSERT, FILE, PROSECUTE, MAINTAIN, COMMENCE, INSTITUTE (or sponsor or purposely
facilitate any person in connection with the foregoing), any complaint or
lawsuit or any legal, equitable or administrative proceeding of any nature,
against any of the Company Parties in connection with any matter released in
this Section 5.4(a), including, without limitation, the Litigation, and
represents and warrants that no other person or entity has or will initiate any
such proceeding on behalf of such Seller or any Seller Party.

                  (b)      Effective as of the Closing Date, each Seller, on
behalf of himself and the Seller Parties, hereby generally RELEASES AND FOREVER
DISCHARGES HMTF, Hicks Muse, and each of their respective predecessors,
successors, assigns, affiliates, direct or indirect shareholders, partners,
members, or other equity owners, and each of their respective officers,
directors, managers, employees, agents, representatives, principals and
attorneys (the "HMTF Parties"), from any and all Claims, which any of them may
now have or may in the future have arising out of or relating to any omission,
acts or facts that have occurred up and until and including the Closing Date
related to the Company or CCI and the Sellers' and HMTF's investment therein,
including, without limitation, (i) any and all Claims for wrongful discharge of
employment; fraud (including fraudulent inducement to enter into this
Agreement); misrepresentation; termination in violation of public policy;
discrimination; breach of contract, both express and implied; breach of a
covenant of good faith and fair dealing, both express and implied; promissory
estoppel; negligent or intentional infliction of emotional distress; negligent
or intentional misrepresentation; negligent or intentional interference with
contract or prospective

                                       10

<PAGE>

economic advantage; breach of fiduciary duty; unfair business practices; breach
of confidentiality provision, defamation; libel; slander; negligence; personal
injury; assault; battery; invasion of privacy; false imprisonment; tortious
interference, theft, embezzlement, and conversion; and (ii) any and all Claims
for violation of any federal, state or municipal statute. Notwithstanding the
foregoing, this release does not in any way release, impair, or limit any
obligations incurred by or owing from HMTF to the Sellers under this Agreement
or under the IAP Agreements. Effective as of the Closing Date, each Seller, on
behalf of such Seller and the Seller Parties, hereby covenants forever NOT TO
ASSERT, FILE, PROSECUTE, MAINTAIN, COMMENCE, INSTITUTE (or sponsor or purposely
facilitate any person in connection with the foregoing), any complaint or
lawsuit or any legal, equitable or administrative proceeding of any nature,
against any of the HMTF Parties in connection with any matter released in this
Section 5.4(b), and represents and warrants that no other person or entity has
or will initiate any such proceeding on behalf of such Seller or any Seller
Party.

         5.5      General Release and Covenant Not to Sue by the Company and
CCI. Effective as of the Closing Date, each of the Company and CCI, on behalf of
itself and the Company Parties under its control (collectively, the "Company
Controlled Parties"), hereby generally RELEASES AND FOREVER DISCHARGES each
Seller and the Seller Parties from any and all Claims, which any of them may now
have or may in the future have, arising out of or relating to any omission, acts
or facts that have occurred up and until and including the Closing Date,
including without limitation, the Litigation. Notwithstanding the foregoing,
this release does not in any way release, impair, or limit any obligations
incurred by or owing from any Seller to the Company or CCI under this Agreement
or the IAP Agreements. Effective as of the Closing Date, each of the Company and
CCI, on behalf of itself and the Company Controlled Parties, hereby covenants
FOREVER NOT TO ASSERT, FILE, PROSECUTE, MAINTAIN, COMMENCE, INSTITUTE (or
sponsor or purposely facilitate any person in connection with the foregoing),
any complaint or lawsuit or any legal, equitable or administrative proceeding of
any nature, against any of the Seller Parties in connection with any matter
released in Section 5.5, including, without limitation, the Litigation, and
represents and warrants that, to the extent within its control, no other person
or entity has initiated or will initiate any such proceeding on its or their
behalf.

         5.6      General Release and Covenant Not to Sue by HMTF. \ Effective
as of the Closing Date, HMTF and Hicks Muse on behalf of themselves and each of
the HMTF Parties under their control (the "HMTF Controlled Parties"), hereby
generally RELEASES AND FOREVER DISCHARGES each Seller and the Seller Parties
from any and all Claims, which any of them may now have or may in the future
have, arising out of or relating to any omission, acts or facts that have
occurred up and until and including the Closing Date related to the Company or
CCI and the Sellers' and HMTF's investment therein. Notwithstanding the
foregoing, this release does not in any way release, impair, or limit any
obligations incurred by or owing from any Seller under this Agreement or the IAP
Agreements. Effective as of the Closing Date, HMTF and Hicks Muse, on behalf of
themselves and each of the HMTF Controlled Parties, hereby covenants FOREVER NOT
TO ASSERT, FILE, PROSECUTE, MAINTAIN, COMMENCE, INSTITUTE (or sponsor or
purposely facilitate any person in connection with the foregoing), any

                                       11

<PAGE>

complaint or lawsuit or any legal, equitable or administrative proceeding of any
nature, against any of the Seller Parties in connection with any matter released
in this Section 5.6, and represents and warrants that, to the extent within its
control, no other person or entity has initiated or will initiate any such
proceeding on its or their behalf.

         5.7      Authority to Release and Settle. Each of the Company, CCI,
HMTF, Hicks Muse and the Sellers hereby expressly represents and warrants that:
(i) it is the lawful owner of all Claims herein released by it; (ii) it has full
power and express authority to settle and release the Claims released on behalf
of itself or others as set forth in this Agreement; (iii) it has not made any
assignment or transfer of those Claims, including but not limited to assignment
or transfer by subrogation or by operation of law; (iv) it knows of no person or
entity that intends to assert any Claim by, through, under, or on behalf of such
party; (v) it is not relying upon any statements, understandings,
representations, expectations, or agreements other than those expressly set
forth in this Agreement; (vi) it is represented and has been advised by counsel
in connection with this Agreement, which such party executes wholly voluntarily
and of its own choice, volition, judgment, belief and knowledge, after
consultation with such counsel and not under coercion or duress; (vii) it has
made its own investigation of the facts and is relying solely upon its own
knowledge and the advice of its counsel; (viii) it has no expectation that the
other party will disclose facts material to this Agreement; and (ix) it
knowingly waives any Claim that this Agreement was induced by any
misrepresentation or nondisclosure and any right to rescind or avoid this
Agreement based upon presently existing facts, known or unknown. The Company,
CCI, HMTF, Hicks Muse and the Sellers agree and stipulate that each party is
relying upon these representations and warranties in entering into this
Agreement.

         5.8      Intended Beneficiaries. The general releases set forth in
Sections 5.4, 5.5 and 5.6 shall be binding upon each of the parties hereto and
run to the benefit of all of the present and former predecessors, successors,
subsidiaries, affiliates, servants, attorneys, agents, employees, officers,
directors, shareholders, partners, principals, heirs, assigns, representatives,
and employee benefit plans and fiduciaries of the parties hereto and the other
persons and entities listed in this provision.

         5.9      Further Assurances. Each of the Company and the Sellers shall
do and perform or cause to be done and performed all such further acts and
things and shall execute and deliver all such other agreements, certificates,
instruments, or documents as any other party shall reasonably request from time
to time in order to carry out the intent and purposes of this Agreement. Neither
the Company nor the Sellers shall voluntarily undertake any course of action
inconsistent with satisfaction of the requirements applicable to such party as
set forth in this Agreement, and each party shall promptly do all acts and take
all measures as may be appropriate or necessary to enable such party to perform,
as early as practicable, the obligations required to be performed by such party
under this Agreement.

         5.10     Health Insurance. From and after the Closing Date, CCI or its
successors will provide group health insurance coverage (including through self
insurance) to the Sellers and their current spouses as of the date of this
Agreement until their death on the

                                       12

<PAGE>

same basis as provided from time to time to executive officers of CCI or its
successors generally; provided, however, that such coverage is secondary to any
and all other health insurance coverage or prescription plans applicable to the
Sellers and their current spouses, including, without limitation, Medicare; and
provided further that, as to each Seller, such Seller is not in breach of his
obligations under Section 5.2 of this Agreement.

         5.11     Acknowledgement of Termination. Effective as of the Closing
Date, Sellers acknowledge and agree that, (i) on the last day of the last pay
period in the calendar month succeeding the Closing Date, CCI may discontinue
the employment of Charles Baker and (ii) Sellers shall continue to reimburse CCI
for any payroll or other related costs incurred by CCI with respect to Charles
Baker through and including the date CCI discontinues the employment of Charles
Baker.

         5.12     Senior Notes Offering. CCI acknowledges and agrees that it
will not consummate its pending senior notes offering unless and until the
conditions to Closing set forth in Sections 6.2(d) and (e) have been satisfied
or waived.

                                   ARTICLE VI

                              CONDITIONS TO CLOSING

         6.1      Conditions Precedent to the Sellers' Obligations. The
obligation of the Sellers to consummate the transactions contemplated by this
Agreement is subject to the fulfillment, on or prior to the Closing Date, of
each of the following conditions (any or all of which may be waived by the
Sellers in whole or in part):

                  (a)      The representations and warranties of the Company
contained herein shall be true and correct in all material respects on and as of
the Closing Date as though made on and as of such date;

                  (b)      There shall not be in effect any order, injunction,
judgment, decree, ruling, writ, assessment or arbitration award (an "Order") by
any governmental body of competent jurisdiction restraining, enjoining or
otherwise prohibiting the consummation of the transactions contemplated hereby;
and

                  (c)      The Company shall have executed and delivered or
caused to have been executed and delivered, to the Sellers at the Closing all of
the items and documents required to be delivered by it pursuant to Section 7.1.

         6.2      Conditions Precedent to the Company's Obligations. The
obligations of the Company to consummate the transactions contemplated by this
Agreement are subject to the fulfillment, prior to or on the Closing Date, of
each of the following conditions (any or all of which may be waived by the
Company in whole or in part):

                  (a)      The representations and warranties of the Sellers
contained herein shall be true and correct in all material respects on and as of
the Closing Date as though made on and as of such date;

                                       13

<PAGE>

                  (b)      There shall not be in effect any Order by any
governmental body of competent jurisdiction restraining, enjoining or otherwise
prohibiting the consummation of the transactions contemplated hereby;

                  (c)      CCI shall have consummated its pending senior notes
offering;

                  (d)      Each of the Company and CCI shall have, on the
Closing Date, sufficient surplus or net profits to (i) in the case of the
Company, purchase the Shares (the "Repurchase") in compliance with the Delaware
General Corporation Law and (ii) in the case of CCI, pay a dividend to the
Company in an amount necessary to purchase the Shares (the "Dividend");

                  (e)      The Dividend and the Repurchase shall be permitted
under the Company's and its subsidiaries' (including CCI) agreements and other
documents governing their indebtedness and CCI shall have declared and paid such
Dividend to the Company;

                  (f)      P. Staats shall not have revoked, pursuant to Section
8.12 hereof, the release contained in Section 5.4(a)(ii)(A) of this Agreement;

                  (g)      Neither Seller shall have materially and
intentionally breached the provisions of Section 8.1 of the Stockholders
Agreement; and

                  (h)      The Sellers shall have executed and delivered or
caused to have been executed and delivered, to the Company at the Closing all of
the items and documents required to be delivered by them pursuant to Section
7.2.

                                   ARTICLE VII

                      DOCUMENTS TO BE DELIVERED AT CLOSING

         7.1      Documents to Be Delivered by the Company. At the
Closing, the Company shall deliver the following items and documents to the
Sellers:

                  (a)      the cash portion of the Purchase Price;

                  (b)      duly executed Notes representing the Notes portion of
the Purchase Price; and

                  (c)      a certificate, dated the Closing Date, executed on
behalf of the Company by a duly authorized officer of the Company, certifying
that the condition specified in Section 6.1(a) has been fulfilled.

         7.2      Documents to Be Delivered by the Sellers. At the Closing, the
Sellers shall deliver the following items and documents to the Company:

                                       14

<PAGE>

                  (a)      the stock certificates representing the Shares, duly
endorsed in blank or accompanied by stock transfer powers in a form reasonably
acceptable to the Company;

                  (b)      a duly executed Motion to Dismiss with Prejudice with
respect to the Litigation;

                  (c)      duly executed letters of resignation from any and all
officer or director positions held by either of the Sellers in the Company, CCI,
or any of their respective subsidiaries; and

                  (d)      a certificate, dated the Closing Date, executed by
each Seller, certifying that the condition specified in Section 6.2(a) has been
fulfilled.

                                  ARTICLE VIII

                                  MISCELLANEOUS

         8.1      Notices. Any notices or other communications required or
permitted hereunder shall be in writing, and shall be sufficiently given if made
by hand delivery, by telecopier or registered or certified mail, postage
prepaid, return receipt requested, addressed as follows (or at such other
address as may be substituted by notice given as herein provided); provided that
in the case of any notice required to be delivered to CCI pursuant to Section
5.2(h), notwithstanding the following, such notice shall be addressed to the
Chief Executive Officer, Chief Financial Officer, and General Counsel (with
copies to Weil, Gotshal & Manges LLP and Hicks Muse, Tate & Furst Incorporated),
shall require proof of actual delivery, and shall indicate in bold type on the
face of such notice that such notice contains a sixty (60) day deemed acceptance
provision and provided, further, that in the case of any Violation Notice
delivered to either Seller in accordance with Section 5.2(c), notwithstanding
the foregoing, such notice shall require actual proof of delivery, and shall
indicate in bold type on the face of such notice that the recipient may lose
important rights if responsive action is not taken within thirty (30) days from
receipt of the notice:

         If to the Company or CCI:

                  Cooperative Computing Holding Company, Inc.
                  804 Las Cimas Parkway, Suite 200
                  Austin, Texas 78746
                  Attention: Michael A. Aviles
                  Facsimile: (512) 330-9273

                  with a copy to (which shall not constitute notice):

                  Weil, Gotshal & Manges LLP
                  100 Crescent Court, Suite 300
                  Dallas, Texas 75201

                                       15

<PAGE>

                  Attention: Glenn D. West, Esq.
                  Facsimile: (214) 746-7777

                  and

                  Hicks, Muse, Tate & Furst Incorporated
                  200 Crescent Court, Suite 1600
                  Dallas, Texas 75201
                  Attention: Peter S. Brodsky
                  Facsimile: (214) 740-7313

         If to the Sellers:

                  to the addresses set forth on the signature pages hereof.

                  with a copy to (which shall not constitute notice):

                  Graves, Dougherty, Hearon & Moody, PC
                  515 Congress Avenue, Suite 2300
                  Austin, Texas 78701
                  Attention: Clarke Heidrick
                  Facsimile: (512) 478-1976

         Any notice or communication hereunder shall be deemed to have been
given or made as of the date so delivered, if personally delivered; when receipt
is acknowledged, if telecopied; and three calendar days after mailing if sent by
registered or certified mail (except that a notice of change of address shall
not be deemed to have been given until actually received by the addressee).

         8.2      Review by Separate Counsel. Each Seller, HMTF and Hicks Muse
acknowledges and agrees that Weil, Gotshal & Manges LLP represents the Company
in connection with negotiation and preparation of this Agreement, and that each
such Seller has had the opportunity to retain separate counsel to review this
Agreement and consult with the Company and its counsel regarding the content and
legal effect of this Agreement.

         8.3      Construction. Words used in the Agreement of any gender or
neuter shall be construed to include any other gender or neuter where
appropriate. Words used in this Agreement that are either singular or plural
shall be construed to include the other where appropriate. No provisions of this
Agreement will be interpreted in favor of, or against, any of the parties hereto
by reason of the extent to which any such party or its counsel participated in
the drafting thereof or by reason of the extent to which any such provisions in
inconsistent with any prior draft hereof or thereof.

         8.4      Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO
PRINCIPLES OF CONFLICT OF LAWS. EXCLUSIVE VENUE SHALL LIE IN TRAVIS COUNTY,
TEXAS.

                                       16

<PAGE>

         8.5      Successors and Assigns. This Agreement shall be binding upon
the Company and the Purchaser and each of their respective successors and
assigns.

         8.6      Duplicate Originals. All parties may sign any number of copies
of this Agreement. Each signed copy shall be an original, but all of them
together shall represent the same agreement.

         8.7      Severability and Savings Clause. Should any clause, sentence,
provision, paragraph or part of this Agreement for any reason whatsoever be
adjudged by any court of competent jurisdiction, or be held by any other
competent governmental authority having jurisdiction, to be invalid,
unenforceable, or illegal, such judgment or holding shall not affect, impair or
invalidate the remainder of this Agreement, but shall be confined in its
operation to the specific clause, sentence, provision, paragraph or part of this
Agreement directly involved, and the remainder of this Agreement, wherever
practicable, shall remain in full force and effect.

         8.8      No Waivers; Amendments.

                  (a)      No failure or delay on the part of the Company or
Sellers in exercising any right, power or remedy hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right,
power or remedy preclude any other or further exercise thereof or the exercise
of any other right, power or remedy at law or in equity or otherwise.

                  (b)      Any provision of this Agreement may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed by
the parties hereto.

         8.9      Entire Agreement; No Third Party Beneficiaries. This Agreement
constitutes the entire agreement, and supercedes all prior agreements and
understandings, both written and oral, among the parties hereto with respect to
the subject matter hereof. Except as provided in Section 5.8, this Agreement is
not intended to confer upon any person other than the parties hereto any rights
or remedies hereunder.

         8.10     Fees and Expenses. The parties hereby agree that each party
shall be solely responsible for its own attorneys' fees and costs incurred in
connection with the Litigation and the negotiations leading to the execution of
this Agreement.

         8.11     Specific Performance. Each party acknowledges and agrees that
the breach of this Agreement by such party would cause irreparable damage to the
other parties to this Agreement and that such other parties will not have an
adequate remedy at law. Therefore, subject to any conditions to Closing
applicable to a party to this Agreement, the obligations of each such party
under this Agreement, including, without limitation, the obligation of the
Sellers to sell the Shares to the Company, shall be enforceable by a decree of
specific performance issued by any court of competent jurisdiction, and
appropriate injunctive relief may be applied for and granted in connection
therewith. Such remedies shall, however, be cumulative and not exclusive and
shall be in addition to any other remedies which any party may have under this
Agreement or otherwise.

                                       17

<PAGE>

         8.12     Waiver of Age Discrimination Claim. P. STAATS ACKNOWLEDGES
THAT SECTION 5.4(a)(iii)(A) OF THIS AGREEMENT INCLUDES A WAIVER OF ANY RIGHTS
AND CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT, AS AMENDED
(THE "ADEA RELEASE"). P. STAATS ACKNOWLEDGES THAT THE CONSIDERATION THAT HE IS
RECEIVING IN EXCHANGE FOR HIS WAIVER OF THE RIGHTS AND CLAIMS SPECIFIED HEREIN
EXCEEDS ANYTHING OF VALUE TO WHICH HE ALREADY IS ENTITLED. P. STAATS
ACKNOWLEDGES THAT HE WAS ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO
EXECUTING THIS AGREEMENT. P. STAATS REPRESENTS AND AGREES THAT HE FULLY
UNDERSTANDS HIS RIGHT TO DISCUSS ALL ASPECTS OF THIS AGREEMENT WITH LEGAL
COUNSEL AND, TO THE EXTENT HE DEEMS APPROPRIATE, HE HAS FULLY AVAILED HIMSELF OF
THIS RIGHT. P. STAATS ACKNOWLEDGES THAT HE HAS ENTERED INTO THIS AGREEMENT
KNOWINGLY AND VOLUNTARILY WITH FULL UNDERSTANDING OF ITS TERMS AND AFTER HAVING
BEEN ADVISED AND HAD THE OPPORTUNITY TO SEEK AND RECEIVE ADVICE AND COUNSEL FROM
HIS ATTORNEY. P. STAATS ACKNOWLEDGES THAT HE HAS BEEN GIVEN A PERIOD OF AT LEAST
TWENTY-ONE (21) DAYS WITHIN WHICH TO CONSIDER THE RELEASE CONTAINED IN SECTION
5.4(a)(iii)(A) OF THIS AGREEMENT. P. STAATS UNDERSTANDS THAT HE MAY REVOKE SUCH
RELEASE DURING THE SEVEN (7) DAYS FOLLOWING THE EXECUTION OF THIS AGREEMENT AND
THAT SUCH PROVISION OF THIS AGREEMENT WILL NOT BECOME EFFECTIVE UNTIL THAT
SEVEN-DAY REVOCATION PERIOD HAS EXPIRED (THE "ADEA REVOCATION PERIOD"). P.
STAATS AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS
AGREEMENT AND THE GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE
ORIGINAL TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.

         8.13     Spousal Joinder. The spouse of each Seller joins in the
execution of this Agreement for the purpose of evidencing her knowledge of its
existence, her acknowledgment that she agrees to the provisions of this
Agreement and her agreement to bind her community interest, if any, in any of
the Shares to the performance of this Agreement, and she further agrees that the
covenants in this Agreement shall be, and hereby are, accepted as binding on her
individually and upon all persons ever to claim under her as though such Shares
were held of record by her; provided, however, nothing contained in this Section
8.13 is intended to, nor shall be deemed to, confer or create any community
property interest in the Shares upon her.

         8.14     Terms of Agreement Confidential. Each party to this Agreement
shall not disclose the terms of this Agreement to any third person except to
such party's directors, officers, employees, agents, legal advisors,
accountants, financial sources, financial institutions, business and/or
investment advisors or consultants (collectively "Advisors"). Except as
otherwise provided herein, each party hereto shall direct the Advisors not to
disclose to any third person any of the terms of this Agreement. Notwithstanding
the foregoing, the terms of this Agreement shall not be deemed confidential, and
a party shall

                                       18

<PAGE>

not be precluded from disclosing the terms of this Agreement to any third
person, if such terms were or became generally available to the public (other
than as a result of its disclosure by the Company, CCI or HMTF, on the one hand,
or the Sellers, on the other hand (in breach of this Agreement)). Nothing in
this Section 8.14 shall be deemed to prevent the disclosure of the terms of this
Agreement (i) by any person if, in the reasonable opinion of the legal counsel
to the such person, such disclosure is required to be made by law, judicial or
governmental process or order, administrative proceeding, discovery request or
similar process; provided, however, that prior to making any such disclosure,
the disclosing party shall give the other parties to this Agreement reasonable
notice of such disclosure so that such other parties may seek protective order
or (ii) by the Company, CCI or HMTF and their Advisors in connection with any
financing necessary to provide funds for the payment of the Purchase Price or
(iii) by any person at any time after the Closing.

         8.15     Attorney Fees. In the event of any suit, arbitration or other
proceeding between or among any of the parties to this Agreement with respect to
this Agreement, the prevailing party or parties in connection with such
proceeding shall be entitled to recover from the non prevailing party or
parties, in addition to any other relief to which the prevailing parties are
entitled, all of the costs and expenses of such prevailing parties in connection
with such proceeding, including, without limitation, legal fees and expenses,
court costs, and expert witness fees and costs.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                       19

<PAGE>

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

                                         COOPERATIVE COMPUTING
                                         HOLDING COMPANY, INC.

                                         By: /s/ Peter S. Brodsky
                                             --------------------
                                         Name:  Peter S. Brodsky
                                         Title: Assistant Secretary

                                         COOPERATIVE COMPUTING, INC.

                                         By: /s/ Peter S. Brodsky
                                             --------------------
                                         Name:  Peter S. Brodsky
                                         Title: Assistant Secretary

                                         /s/ Glenn E. Staats
                                         -------------------
                                            Glenn E. Staats

                                         Address: 2311 Island Wood Road
                                                  Austin, Texas 78733

                                         /s/ Marsha Staats
                                         -----------------
                                            Marsha Staats

                                         /s/ Preston W. Staats, Jr.
                                         --------------------------
                                            Preston W. Staats, Jr.

                                         Address: 5200 Green Falls Court
                                                  Austin, Texas 78746

                                         /s/ Sharon W. Staats
                                         --------------------
                                            Sharon W. Staats

<PAGE>

                  The undersigned hereby join in this Agreement solely with
respect to Sections 5.1. 5.4(b), 5.6, 5.7 and 8.2 of the Agreement.

                                         HICKS, MUSE, TATE & FURST EQUITY
                                          FUND III, L.P.

                                         By: HM3/GP Partners III, L.P.,
                                             its general partner

                                         By: Hicks, Muse GP Partners, L.P.,
                                             its general partner

                                         By: Hicks, Muse Fund III, Incorporated,
                                             its general partner

                                         By: /s/ Jack D. Furst
                                             -----------------
                                         Name:  Jack D. Furst
                                         Title: Chief Operating Officer

                                         HM3 COINVESTORS, L.P.

                                         By: Hicks Muse GP Partners III, L.P.,
                                             its General Partner

                                         By: Hicks Muse Fund III Incorporated,
                                         its General Partner

                                         By: /s/ Jack D. Furst
                                             -----------------
                                         Name:  Jack D. Furst
                                         Title: Chief Operating Officer

<PAGE>

                  The undersigned hereby join in this Agreement solely with
respect to Sections 5.4(b), 5.6, 5.7 and 8.2 of the Agreement.

                                         HICKS, MUSE, TATE & FURST
                                         INCORPORATED

                                         By: /s/ Jack D. Furst
                                             -----------------
                                         Name:  Jack D. Furst
                                         Title: Chief Operating Officer

                                         HMTF OPERATING, L.P.

                                         By: TOH/Ranger LLC, its general
                                             partner

                                         By: /s/ Jack D. Furst
                                             -----------------
                                         Name:  Jack D. Furst
                                         Title: Chief Operating Officer

<PAGE>

                                                                       EXHIBIT A

                  SHARE OWNERSHIP/ALLOCATION OF PURCHASE PRICE

<TABLE>
<CAPTION>
                                                                          PURCHASE PRICE
                                 SHARES OWNED BY                          --------------
      SELLER                         SELLERS                   CASH PORTION           NOTE PORTION
      ------                         ------                    ------------           ------------
<S>                              <C>                           <C>                    <C>
Glenn E. Staats                    13,333,334                  23,333,333.33          1,666,666.67
Preston W. Staats, Jr.              2,666,666                   4,666,666.67            333,333.33
</TABLE>

<PAGE>

                                                                       EXHIBIT B

                     FORM OF UNANIMOUS STOCKHOLDERS CONSENT

                                    UNANIMOUS
                                 WRITTEN CONSENT
                               OF THE STOCKHOLDERS
                                       OF
                   COOPERATIVE COMPUTING HOLDING COMPANY, INC.

         The undersigned, being all of the stockholders of Cooperative Computing
Holding Company, Inc., a Delaware corporation (the "Corporation"), hereby,
pursuant to the provisions of Section 228(a) of the General Corporation Law of
the State of Delaware, consent to and approve the following resolutions and each
and every action effected thereby:

         WHEREAS, Glenn E. Staats and Preston W. Staats, Jr. (collectively, the
"Sellers") are the record and beneficial owners of an aggregate 16,000,000
shares (the "Shares") of common stock, par value $.000125 per share (the "Common
Stock"), of the Corporation;

         WHEREAS, the Corporation desires to purchase from the Sellers for an
aggregate purchase price of $30 million all of the Shares pursuant to a
Securities Repurchase Agreement, dated as of June 5, 2003 (the "Agreement"),
among the Corporation, Cooperative Computing, Inc., a wholly owned subsidiary of
the Corporation ("CCI"), the Sellers, Hicks, Muse, Tate & Furst Equity Fund III,
L.P. and HM3 Coinvestors, L.P. (collectively, "HMTF"), in the form attached
hereto as Exhibit A;

         WHEREAS, the Corporation also desires to cause CCI to purchase from
HMTF its interest in HM Coop LLC, which owns 1,750,000 shares of common stock of
Internet AutoParts, Inc., for an aggregate purchase price of $1,820,000 (the
"IAP Purchase"); and

         WHEREAS, the undersigned stockholders believe that the purchase of the
Shares, and the consummation of the other transactions contemplated by the
Agreement, and the IAP Purchase are in the best interests of, and fair to, the
Corporation and the undersigned stockholders.

         NOW, THEREFORE, BE IT RESOLVED, that the undersigned stockholders of
the Corporation hereby authorize and approve the Agreement and the transactions
contemplated thereby and the IAP Purchase.

                  This Unanimous Written Consent may be executed in multiple
counterparts, each of which will be deemed to be an original but all of which
when taken together will constitute one Unanimous Written Consent.

<PAGE>

         IN WITNESS WHEREOF, the undersigned stockholders have executed this
Unanimous Written Consent as of the ____ day of June, 2003.

Date: June ___, 2003                       _____________________________________
                                           Glenn E. Staats

Date: June ___, 2003                       _____________________________________
                                           Preston W. Staats, Jr.

Date: June ___, 2003                       _____________________________________
                                           A. Laurence Jones

Date: June ___, 2003                HICKS, MUSE, TATE & FURST EQUITY FUND
                                    III, L.P.

                                           By: HM3/GP Partners III, L.P.,
                                               as General Partner

                                           By: Hicks, Muse GP Partners,
                                               L.P., its General Partner

                                           By: Hicks, Muse Fund III
                                               Incorporated, its
                                               General Partner

                                           By: _________________________________
                                               Jack D. Furst
                                               Managing Director and
                                               Principal

<PAGE>

Date: June __, 2003                        HM3 COINVESTORS, L.P.

                                           By: Hicks Muse GP Partners III, L.P.,
                                               its General Partner

                                           By: Hicks Muse Fund III
                                               Incorporated, its
                                               General Partner

                                           By: _________________________________
                                               Jack D. Furst,
                                               Managing Director and
                                               Principal

<PAGE>

                                                            EXHIBIT A TO CONSENT

                         SECURITIES REPURCHASE AGREEMENT

<PAGE>

                                                                       EXHIBIT C

                                     RELEASE

         On June 5, 2003, I executed a Securities Repurchase Agreement (the
"Agreement") by and among Cooperative Computing Holding, Inc. (the "Company"),
Cooperative Computing, Inc., Hicks, Muse, Tate & Furst Equity Fund III, L.P.,
HM3 Coinvestors, L.P. and me. I was advised by the Company in writing, to
consult with an attorney of my choosing, prior to executing the Agreement. More
than seven (7) calendar days have elapsed since I executed the Agreement. I have
at no time revoked my acceptance or execution of the Agreement and hereby
reaffirm my acceptance of the Agreement. Therefore, in accordance with the terms
of the Agreement, I hereby request payment of the Purchase Price in accordance
with Section 1.2 of the Agreement.

                                                  ______________________________
                                                  Preston W. Staats, Jr.<PAGE>
                                                                    EXHIBIT 10.1

         SECURITIES PURCHASE AGREEMENT, dated as of June ___, 2003, by and among
CHARTER CAPITAL, RESOURCES INC., a Delaware limited liability company with
offices at 2058 Rockaway Parkway, Suite 154, Brooklyn, NY 11236 ("Charter
Capital") and TRINHTT BUI, an individual residing at 420 East 55th Street, #4L,
New York, NY 10022 ("Bui" and together with Charter Capital, the "Purchasers")
and VISUAL DATA CORPORATION, a Florida corporation with executive offices at
1291 SW 29 Avenue, Pompano Beach, Florida 33069 (the "Company").

                              W I T N E S S E T H :
                               - - - - - - - - - -

         WHEREAS, the Purchasers desire to acquire from the Company, and the
Company desires to sell to Purchaser, an aggregate of Fifty Thousand (50,000)
shares (the "Shares") of Series A-9 Convertible Preferred Stock, par value
$0.0001 per share, of the Company having the rights, designations and
preferences set forth on EXHIBIT A hereto ("Series A-9 Preferred") in two
tranches in accordance with, and subject to, the terms and conditions
hereinafter set forth; and

         WHEREAS, in order to induce the Purchaser to execute this Agreement and
to purchase the Shares, the Company desires to issue to the Purchasers warrants
(the "Warrants"), the form of which is attached hereto as EXHIBIT B, exercisable
for an aggregate of Sixteen Thousand Six Hundred Sixty Six (16,666) shares (the
"Warrant Shares") of Common Stock, par value $.0001 per share of the Company
(the "Common Stock"), and the Company desires to issue such securities, in each
case in accordance with, and subject to the terms and conditions hereinafter set
forth.

         NOW THEREFORE, in consideration of respective covenants, promises, and
obligations contained herein, the parties hereto hereby agree as follows:

I.       DEFINITIONS

         CLOSINGS. As defined in Section 4.02(b) hereof.

         CODE. The Internal Revenue Code of 1986, as amended.

         COMMON STOCK. As defined in the recitals hereto.

         COMPANY. As defined in the introductory paragraph hereto.

         CONVERSION SHARES. The shares of Common Stock issuable upon conversion
of the Shares and such other shares of Class A-9 Preferred Stock hereafter
acquired by the Purchasers.

         EMPLOYEE BENEFIT PLAN. As defined in Section 3(3) of ERISA.

         ERISA. Employee Retirement Income Security Act of 1974, as amended.

         EXCHANGE ACT. Securities Exchange Act of 1934, as amended.

         INDEMNITEES. As defined in Section 4.04 hereof.

         PURCHASER. As defined in the introductory paragraph hereto.

<PAGE>

         SEC MATERIALS. The Definitive Proxy Statement of the Company on
Schedule 14A dated May 20, 2003, Annual Report on Form 10-KSB for the year ended
September 30, 2002, the Quarterly Report on Form 10-QSB of the Company for the
six ended March 31, 2003, the Quarterly Report on Form 10-QSB of the Company for
the three months ended December 31, 2002, Current Reports on Form 8-K of the
Company dated March 26, 2003, May 12, 2003, May 19, 2003, May 29, 2003 and June
23, 2003, collectively, as filed with the United States Securities and Exchange
Commission.

         SECURITIES ACT. Securities Act of 1933, as amended.

         SHARES. As defined in the recitals hereof.

         SUBSIDIARIES. Entertainment Digital Network, Inc.,
Hotelview(R)Corporation, ResortView Corporation, MediaOnDemand, Inc.,
TheFirstNews.com, Inc.

         TRANCHE 1 CLOSING. As defined in Section 4.2(a).

         TRANCHE 1 CLOSING DATE. As defined in Section 4.2(a).

         TRANCHE 2 CLOSING. As defined in Section 4.2(b).

         TRANCHE 2 CLOSING DATE. As defined in Section 4.2(b).

         TRANCHE 1 SHARES. 30,000 Shares.

         TRANCHE 2 SHARES. 20,000 Shares.

         TRANCHE 1 WARRANT. A Warrant to purchase 10,000 shares of Common Stock
dated as of the Tranche 1 Closing Date.

         TRANCHE 2 WARRANT. A Warrant to purchase 6,666 shares of Common Stock
dated as of the Tranche 2 Closing Date.

         TRANSACTION AGREEMENTS. This Agreement and the Warrants collectively.

         WARRANTS. As defined in the recitals hereof and collectively the
Tranche 1 Warrant and the Tranche 2 Warrant.

         WARRANT SHARES. As defined in the recitals hereof.

II.      REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company represents and warrants to the Purchaser as follows:

SECTION 2.01 ORGANIZATION AND QUALIFICATION.

         Each of the Company and each Subsidiary has been duly organized and is
validly existing as a corporation in good standing under the laws of the
jurisdiction of its incorporation, with full corporate power and authority to
own its properties and conduct its business as described in the SEC Materials
and is duly qualified or licensed to do business as a foreign corporation and is

                                       2
<PAGE>

in good standing in each other jurisdiction in which the nature of its business
or the character or location of its properties requires such qualification,
except where the failure to so qualify will not materially affect the financial
condition, business, properties, net worth or results of operations of the
Company and the Subsidiaries, taken as a whole. Except for the stock of its
subsidiaries and as set forth in the SEC Materials, the Company does not
control, directly or indirectly, any corporation, partnership, joint venture,
association or other business organization.

SECTION 2.02 CAPITALIZATION.

         The authorized capital stock of the Company consists of 75,000,000
shares of Common Stock, par value $.0001 per share, of which 2,467,608 shares
are outstanding, and 5,000,000 shares of preferred stock, par value $.0001 per
share, of which (i) 300,000 shares of Class A-6 Preferred Stock are authorized
of which none are outstanding, (ii) 162,500 shares of Class A-7 Preferred Stock
are authorized, of which 86,832 shares are outstanding, (iii) 300,000 shares of
Class A-8 Preferred Stock are authorized, of which 268,000 shares are
outstanding, (iv) 100,000 shares of Class A-9 Preferred Stock are authorized, of
which none are outstanding. Each of such outstanding shares of Common Stock and
Preferred Stock is validly authorized, validly issued, fully paid, and
nonassessable, has not been issued and is not owned or held in violation of any
preemptive or similar right of stockholders, and is owned, to the knowledge of
the Company, free and clear of all liens, security interests, pledges, charges,
encumbrances, stockholders' agreements, and voting trusts. Except as set forth
in the SEC Materials, there is no commitment, plan, or arrangement to issue, and
no outstanding option, warrant, or other right calling for the issuance of, any
share of capital stock of the Company or any security or other instrument
convertible into, exercisable for, or exchangeable for capital stock of the
Company. There is outstanding no security or other instrument convertible into
or exchangeable for capital stock of the Company.

SECTION 2.03 ENFORCEABILITY; VALIDITY.

         The Warrants, when executed and delivered pursuant to this Agreement,
will constitute the valid and binding obligations of the Company enforceable
against the Company in accordance with their terms, except as enforceability may
be limited by applicable bankruptcy, insolvency or other laws affecting the
rights of creditors generally and the discretion of the courts in granting
equitable remedies. The Conversion Shares and the Warrant Shares, when issued
and delivered pursuant to, and upon exercise or conversion, as the case may be,
of, the Shares or the Warrants, as the case may be, will be duly authorized and
issued, fully-paid, and nonassessable and free of preemptive rights of any
security holder of the Company. The Shares and the Warrants when executed and
delivered in accordance with the terms hereof will be duly authorized and
issued, fully-paid, and nonassessable and free of preemptive rights of any
security holder of the Company.

SECTION 2.04 AUTHORIZATION.

         Each of the Transaction Agreements has been duly and validly
authorized. Each of the Transaction Agreements has been executed and delivered
by the Company and, assuming due execution by the other party hereto and
thereto, as applicable, each constitutes the valid and binding obligation of the
Company enforceable against the Company in accordance with its respective terms,
except as enforceability may be limited by applicable bankruptcy, insolvency or
other laws affecting the rights of creditors generally and the discretion of the
courts in granting equitable remedies. The Company has full corporate power and
lawful authority to authorize, execute, and deliver the Shares and the
Conversion Shares upon the conversion thereof, the Warrants and the Warrant
Shares upon the exercise thereof on the terms and conditions set forth herein.
No consent, approval, authorization or order of, or any filing or declaration
with, any governmental authority is required for the consummation of the
transactions contemplated by this Agreement or in connection with the execution
and delivery of the Shares, the Conversion Shares, the Warrants or the Warrant
Shares by the Company, except such as may be required under Federal or state
securities or Blue Sky laws.

                                       3
<PAGE>

SECTION 2.05 NO CONFLICTS.

         Except as described in the SEC Materials, neither the Company nor any
of its Subsidiaries is in violation, breach, or default (which includes any
event that has occurred which, with notice or lapse of time or both, would
constitute a default) of or under, and consummation of the transactions herein
contemplated and the fulfillment of the terms of the Transaction Agreements will
not conflict with, or result in a breach of, any of the terms or provisions of,
or constitute a default under, or result in the creation or imposition of any
lien, charge or encumbrance upon any of the property or assets of the Company or
any of its Subsidiary pursuant to the terms of any material indenture, mortgage,
deed of trust, loan agreement, or other material agreement or material
instrument to which the Company or any Subsidiary is a party or by which the
Company or any Subsidiary may be bound or to which any of the material property
or assets of the Company or any Subsidiary is subject, nor will such action
result in any violation of the provisions of the articles of incorporation or
other constitutive documents or any order, rule, or regulation applicable to the
Company or any Subsidiary of any court or any regulatory authority or other
governmental body having jurisdiction over the Company or any Subsidiary.

SECTION 2.06 PROPERTIES.

         Subject to the qualifications set forth in the SEC Materials, each of
the Company and each Subsidiary has good and marketable title to all properties
and assets described in the SEC Materials as owned by them, free and clear of
all liens, charges, encumbrances or restrictions, except such as are not
materially significant or important in relation to its business; all of the
material leases and subleases under which the Company or any Subsidiary is the
lessor or sublessor of properties or assets or under which the Company or any
Subsidiary holds properties or assets as lessee or sublessee as described in the
SEC Materials are in full force and effect, and, except as described in the SEC
Materials, neither the Company nor any Subsidiary is in default in any material
respect with respect to any of the terms or provisions of any of such leases or
subleases, and, to the Company's knowledge, no claim has been asserted by anyone
adverse to rights of the Company or any Subsidiary as lessor, sublessor, lessee
or sublessee under any of the leases or subleases mentioned above, or affecting
or questioning the right of the Company or a Subsidiary to continued possession
of the leased or subleased premises or assets under any such lease or sublease,
except as described or referred to in the SEC Materials.

SECTION 2.07 FINANCIAL CONDITION; FINANCIAL MATTERS.

                  (a) The consolidated financial statements and the related
notes of the Company set forth in the SEC Materials present fairly the
consolidated financial position and results of operations and changes in
stockholders' equity and cash flows of the Company on a consistent basis at the
respective dates and for the respective periods to which they apply. Said
financial statements and notes have been prepared in accordance with generally
accepted accounting principles applied on a basis which is consistent during the
periods involved. There has been no material adverse change in the condition
(financial or otherwise), business, properties, net worth or results of
operations of the Company and its subsidiaries, taken as a whole, from the
latest information set forth in the SEC Materials, except as properly described
in the SEC Materials.

                  (b) Subsequent to the respective dates as of which information
is given in the SEC Materials and except as described therein, the Company has
not paid or declared any dividends or other distributions of any kind on any
class of its capital stock, other than amounts due under the Company's Series
A-7 Preferred which amounts to approximately $29,000 as of the date of this
Agreement and is expected to be paid primarily in Common Stock, nor has it
incurred any liabilities or obligations, direct or contingent, not in the
ordinary course of business, or entered into any transaction not in the ordinary
course of business, which is material to the business of the Company, and there
has not been any material change in the capital stock of, or any material

                                       4
<PAGE>

incurrence of long-term debt by the Company or its Subsidiaries or any material
issuance of options, warrants, or other rights to purchase the capital stock of
the Company or its Subsidiaries or any material adverse change or any material
development involving, so far as the Company or any Subsidiary can now
reasonably foresee, a prospective adverse change in the financial condition, net
worth, results of operations, business, key personnel, or properties of the
Company or its Subsidiaries which would be material to the business or financial
condition of the Company and its Subsidiaries, taken as a whole, and neither the
Company nor its Subsidiaries has become a party to, and neither the business nor
the property of the Company or its subsidiaries has become the subject of, any
material litigation whether or not in the ordinary course of business.

                  (c) The books, records and accounts and systems of internal
accounting controls of the Company currently comply in all material respects
with the requirements of Section 13(b)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange Act"). The Company maintains a system of
internal accounting controls sufficient to provide reasonable assurance that (1)
transactions are executed in accordance with management's general or specific
authorizations; (2) transactions are recorded as necessary to permit preparation
of financial statements in conformity with generally accepted accounting
principles and to maintain asset accountability; (3) access to assets is
permitted only in accordance with management's general or specific
authorization; and (4) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken with
respect to any differences.

SECTION 2.08 LITIGATION.

         Except as set forth in the SEC Materials, there is not now pending or,
to the knowledge of the Company, threatened, any action, suit, or proceeding to
which the Company or any Subsidiary is a party before or by any court or
governmental agency or body, which would result in any material adverse change
in the financial condition, business, properties, net worth, or results of
operations of the Company and its subsidiary, taken as a whole, nor are there
any actions, suits, or proceedings related to environmental matters or related
to discrimination on the basis of age, sex, religion, or race; and no labor
disputes involving the employees of the Company or any Subsidiary exist or, to
the Company's knowledge, are threatened which might be expected to materially
adversely affect the condition (financial or otherwise), business, properties,
net worth, or results of operations of the Company and its Subsidiaries, taken
as a whole.

SECTION 2.09 PERMITS; COMPLIANCE WITH LAWS.

         Except as disclosed in the SEC Materials, each of the Company and the
Subsidiaries has sufficient licenses, permits, certificates, and other
governmental authorizations as are reasonably required for the conduct of its
business or the ownership of its property as described in the SEC Materials and
are in all material respects complying therewith. Neither the Company nor any
Subsidiary has received any written notice of proceedings relating to the
revocation or modification of any such material certificate, authorization, or
permit nor, to the knowledge of the Company or the Subsidiaries, do any of the
activities or business of the Company or any Subsidiary cause the Company or any
Subsidiary to be in violation of, or cause the Company or any Subsidiary to
violate, any law, rule, regulation, or order of the United States, any state,
county, or locality, or of any agency or body of the United States or of any
state, county, or locality, the violation of which would have a material adverse
impact upon the financial condition, business, properties, net worth, or results
of operations of the Company and the Subsidiaries, taken as a whole.

         Except as set forth in the SEC Materials, the business and operations
of the Company and each of its Subsidiaries have been operated in compliance
with all laws applicable thereto, except for any instances of non-compliance
which, individually or in the aggregate, have not had and would not be
reasonably likely in the future to have a material adverse effect on the
business prospects, financial condition or results of operations of the Company
and its Subsidiaries, taken as a whole.

                                       5
<PAGE>

SECTION 2.10 QUESTIONABLE PAYMENTS.

         Neither the Company nor any Subsidiary has directly or indirectly, at
any time (i) made any contributions to any candidate for political office, or
failed to disclose fully any such contribution in violation of law or (ii) made
any payment to any state, federal, or foreign governmental officer or official,
or other person charged with similar public or quasi-public duties, other than
payments or contributions required or allowed by applicable law. The Company's
internal accounting controls and procedures are sufficient to cause the Company
to comply in all material respects with the Foreign Corrupt Practices Act of
1977, as amended.

SECTION 2.11 TRANSFER TAXES.

         At the date of this Agreement, all transfer or other taxes (including
franchise, capital stock, or other tax, other than income taxes, imposed by any
jurisdiction), if any, which are required to be paid in connection with the
execution and delivery of the Shares and the Warrants to the Purchaser hereunder
will have been fully paid or provided for by the Company and all laws imposing
such taxes will have been fully complied with in all material respects.

SECTION 2.12 BROKERS; FINDERS.

         Except as set forth in Schedule 2.12, the Company has not entered into
any agreement pursuant to which any person is entitled, either directly or
indirectly, to compensation from the Company for services as a finder in
connection with the offering referred to herein.

SECTION 2.13 EMPLOYMENT MATTERS.

                  (a) The Company has entered into employment contracts with its
principal executive officers, including Randy Selman, Alan Saperstein, George
Stemper and Gail Babitt, and the description of such employment agreements in
the SEC Materials is true, correct, and complete in all material respects.

                  (b) No labor dispute with the employees of the Company or its
Subsidiaries exists or is threatened or imminent that could result in a material
adverse change in the financial condition, business, properties, net worth or
results of operations of the Company, except as described in or contemplated by
the SEC Materials.

SECTION 2.14 INTELLECTUAL PROPERTY.

         The Company owns or possesses, or can acquire on reasonable terms, all
material patents, patent applications, trademarks, service marks, trade names,
licenses, copyrights and proprietary or other confidential information currently
employed by them in connection with their respective businesses, and the Company
has not received any written notice of infringement of or conflict with asserted
rights of any third party with respect to any of the foregoing, which, singly or
in the aggregate, if the subject of an unfavorable decision, ruling or funding,
would result in a material adverse change in the financial condition, business,
properties, net worth or results of operations of the Company and the
Subsidiaries, taken as a whole, except as described in or contemplated by the
SEC Materials.

SECTION 2.15 INSURANCE.

         The Company is insured against such losses and risks and in such amount
as the Company believes are prudent.

SECTION 2.16 INVESTMENT COMPANY.

         The Company is not and will conduct its operations in a manner that it
will not be subject to registration as an investment company under the
Investment Company Act of 1940, as amended.

                                       6
<PAGE>

SECTION 2.17 TAX RETURNS.

         The Company has filed all foreign, federal, state, and local tax
returns that are required to be filed or has requested extensions thereof
(except in any case in which the failure so to file would not have a material
adverse effect on the Company and the Subsidiary, taken as a whole) and has paid
all taxes required to be paid and any other assessment, fine, or penalty levied,
to the extent that any of the foregoing is due and payable, except for any such
assessment, fine or penalty that is currently being contested in good faith or
as described in or contemplated by the SEC Materials.

SECTION 2.18 QUOTATION OF COMMON STOCK.

         The Common Stock is listed on the Nasdaq SmallCap Market under the
symbol "VDATC". Other than as dislcosed in the SEC Materials, the Company has
not received any communication (written or oral) regarding its continued listing
eligibility on the Nasdaq SmallCap Market.

SECTION 2.19 SECURITIES FILINGS.

         The Company, and to the extent applicable, each of its Subsidiaries,
has filed all forms, reports, statements and documents required to be filed with
the Securities and Exchange Commission since May 2000, each of which has
complied in all material respects with the applicable requirements of the
Securities Act or the Exchange Act. As of their respect dates, or as of the date
of the last amendment thereof, if amended after filing, none of the SEC
Materials contained any untrue statement of a material fact or omitted to state
a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading.

III.     REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

         Each Purchaser, severally but not jointly, represents and warrants to
the Company as follows:

SECTION 3.01 ORGANIZATION AND QUALIFICATION.

         The Purchaser is an individual or a limited liability company duly
organized, validly existing, and in good standing under the laws of its state of
formation, as the case may be, with all requisite power and authority (limited
liability company and otherwise), and all necessary consents, authorizations,
approvals, orders, licenses, certificates, and permits of and from, and
declarations and filings with, all federal, state, local, and other governmental
authorities and all courts and other tribunals, to own, lease, license, and use
its properties and assets and to carry on the business in which it is now
engaged and the respective business in which it contemplates engaging. The
Purchaser is duly qualified to transact the respective business in which it is
engaged and is, if not an individual, in good standing as a foreign limited
liability company in every jurisdiction in which its ownership, leasing,
licensing, or use of property or assets or the conduct of its business makes
such qualification necessary.

SECTION 3.02 AUTHORIZATION.

         Each of the Transaction Agreements have been duly and validly
authorized by the Purchaser. Each of the Transaction Agreements has been
executed and delivered by the Purchaser, as appropriate, and, assuming due
execution by the other party hereto and thereto, as applicable, each constitutes
the valid and binding obligation of the Purchaser enforceable against the
Purchaser in accordance with its respective terms, except as enforceability may
be limited by applicable bankruptcy, insolvency or other laws affecting the
rights of creditors generally and the discretion of the courts in granting
equitable remedies. No consent, approval, authorization or order of, or any
filing or declaration with, any governmental authority is required for the
consummation of the transactions contemplated by the Transaction Agreements,
except such as may be required under Federal or state securities or Blue Sky
laws.

                                       7
<PAGE>

SECTION 3.03 NON-DISTRIBUTIVE INTENT.

         The Purchaser is acquiring the Shares, the Conversion Shares issuable
upon conversion thereof, the Warrants, and the Warrant Shares issuable upon the
exercise thereof, for its own account (and not for the account of others) for
investment and not with a view to the distribution thereof. The Purchaser will
not sell or otherwise dispose of such securities without registration under the
Securities Act or an exemption therefrom, and registration or qualification
under applicable state securities or "blue sky" laws, or an exemption therefrom,
and the certificate or certificates representing such securities may contain a
legend to the foregoing effect. By virtue of its position, the Purchaser has
access to the kind of financial and other information about the Company as would
be contained in a registration statement filed under the Securities Act. The
Purchaser understands that it may not sell or otherwise dispose of such
securities in the absence of either a registration statement under the
Securities Act and compliance with such state securities or "blue sky" laws or
an exemption from the registration provisions of the Securities Act and the
registration or qualification provisions of such state securities or "blue sky"
laws.

SECTION 3.04 COMPLETENESS OF DISCLOSURE.

         No representation or warranty by the Purchaser in any Transaction
Agreement contains an untrue statement of material fact or omits to state a
material fact required to be stated therein or necessary to make the statements
made therein not misleading.

SECTION 3.05 ACCREDITED INVESTOR.

         The Purchaser is an "accredited investor" as defined in Rule 501 under
the Securities Act.

SECTION 3.06 NO CONFLICTS.

         The Purchaser is not in violation, breach, or default (which includes
any event that has occurred which, with notice or lapse of time or both, would
constitute a default) of or under, and consummation of the transactions herein
contemplated and the fulfillment of the terms of the Transaction Agreements will
not conflict with, or result in a breach of, any of the terms or provisions of,
or constitute a default under, or result in the creation or imposition of any
lien, charge or encumbrance upon any of the property or assets of the Purchaser
pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement,
or other agreement or instrument to which the Purchaser is a party or by which
the Purchaser may be bound or to which any of the property or assets of the
Purchaser is subject, nor will such action result in any violation of the
provisions of the articles of incorporation or other constitutive documents or
any order, rule, or regulation applicable to the Purchaser of any court or any
regulatory authority or other governmental body having jurisdiction over the
Purchaser.

IV.      PURCHASE AND SALE

SECTION 4.01 PURCHASES OF THE SHARES AND WARRANTS.

         On the basis of the representations, warranties, covenants, and
agreements contained in this Agreement and subject to the terms and conditions
of this Agreement:

         (a)      TRANCHE 1 PURCHASE

                  (i) Simultaneous with the execution hereof, the Company shall
(i) issue to the Purchasers the Tranche 1 Shares and the Tranche 1 Warrants in
such numbers set forth opposite each Purchaser's name on SCHEDULE 1 hereto, and
(ii) each of the Transaction Agreements.

                                       8
<PAGE>

                  (ii) Simultaneous with the execution hereof, each Purchaser
shall execute and deliver to the Company (i) the portion of the Tranche 1
Purchase Price set forth opposite such Purchaser's name on SCHEDULE 1 hereto, by
bank check or wire transfer of immediately available funds to such account as
the Company may designate in writing in advance to such Purchaser, and (ii) each
of the Transaction Agreements.

         (b)      TRANCHE 2 PURCHASE

                  (i) Subject to satisfaction or waiver of the conditions to
closing set forth in Section 4.03, on the Tranche 2 Closing Date, the Company
shall issue to each Purchaser the Tranche 2 Shares and the Tranche 2 Warrants in
such numbers set forth opposite each Purchaser's name on SCHEDULE 1 hereto.

                  (ii)Subject to the satisfaction or waiver of the conditions to
closing set forth in Section 4.03, on the Tranche 2 Closing Date, each Purchaser
shall deliver to the Company the portion of the Tranche 2 Purchase Price set
forth opposite such Purchaser's name on SCHEDULE 1 hereto by bank check or wire
transfer of immediately available funds.

SECTION 4.02 THE CLOSINGS.

         (a) The closing (the "Tranche 1 Closing") of the Tranche 1 transactions
contemplated by Section 4.01 shall take place at the offices of Reitler Brown
LLC, 800 Third Avenue, 21st floor, New York, New York 10022, at 10:00 a.m.,
local time, on the date of this Agreement or at such different place, such
different time, or such different date or a combination thereof as the Company
and the Purchasers agree in writing (the "Tranche 1 Closing Date").

         (b) The closing (the "Tranche 2 Closing") of the Tranche 2 transactions
contemplated by Section 4.01 shall take place at the offices of Reitler Brown
LLC, 800 Third Avenue, 21st floor, New York, New York 10022, at 10:00 a.m.,
local time, on the date which is 5 business days after the conditions in Section
4.3 have been satisfied (the "Tranche 2 Closing Date"). The Tranche 1 Closing
and the Tranche 2 Closing are herein collectively referred to as the "Closings."

SECTION 4.03 CONDITIONS TO TRANCHE 2 CLOSING.

         (a) The Purchasers' obligation to purchase the Tranche 2 Shares and the
Tranche 2 Warrants is conditioned upon:

                  (i) the representations and warranties of the Company set
forth herein being true and correct in all material respects as of the Tranche 2
Closing Date; provided, however that, for purposes of such condition, the
definition of SEC Materials shall be automatically amended to include any
quarterly report on Form 10-Q, any Current report on Form 8-K or any other
filing by the Company with the Securities and Exchange Commission filed by the
Company after the date hereof;

                  (ii) there having been no material adverse change in the
business prospects, financial condition or results of operations of the Company
and its Subsidiaries taken as a whole since the Tranche 1 Closing Date; and

                  (iii) the Company being in full compliance with its covenant
obligations under this Agreement.

         (b) The Company's obligation to sell the Tranche 2 Shares and the
Tranche 2 Warrants to each Purchaser shall be at the Company's sole discretion
and is further conditioned upon:

                                       9
<PAGE>

                  (i) the representations and warranties of such Purchaser set
forth herein being true and correct in all material respects as of the Tranche 2
Closing Date; and

                  (ii) such Purchaser being in full compliance with its covenant
obligations under this Agreement. Notwithstanding the foregoing, if the
conditions set forth in (i) and (ii) above are met and the closing of the sale
of the Tranche 2 Shares shall not have occurred within 5 business days thereof,
the Company, in any event, shall issue the Tranche 2 Warrants to the Purchasers
pro rata according to the amounts the Purchasers were willing to purchase of the
Tranche 2 Shares (to be set forth in a writing signed by the Purchasers) or, in
the absence of such writing, pro rata based on the Purchasers' respective
investments in the Tranche 1 Shares, which Tranche 2 Warrants shall be dated as
of such date 5 business days after the fulfillment of such conditions (which
date shall be deemed, for purposes of determining the issue date of the Tranche
2 Warrant, the "Tranche 2 Closing Date").

SECTION 4.04 INDEMNITY AGAINST LIABILITIES

         Each party hereto agrees to indemnify and hold harmless the other and
their respective officers, directors, employees, counsel, agents, and
stockholders, in each case past, present, or as they may exist at any time after
the date of this Agreement, and each person, if any, who controls, controlled,
or will control any of them within the meaning of Section 15 of the Securities
Act or Section 20(a) of the Exchange Act (the "Indemnitees"), against any and
all losses, liabilities, damages, and expenses whatsoever (which shall include,
for all purposes of this Section 4.04, but not be limited to, reasonable counsel
fees and any and all reasonable expenses whatsoever incurred in investigating,
preparing, or defending against any litigation, commenced or threatened, or any
claim whatsoever, and any and all amounts paid in settlement of any claim or
litigation) as and when incurred arising out of, based upon, or in connection
with any breach of any representation, warranty, covenant, or agreement of the
indemnifying party contained in this Agreement.

         The foregoing agreement to indemnify shall be in addition to any
liability the parties hereto may otherwise have, including liabilities arising
under this Agreement.

V.       COVENANTS AND AGREEMENTS OF THE COMPANY

         The Company covenants and agrees as follows:

SECTION 5.01 PUBLIC STATEMENTS.

         Before the Company shall release any information concerning this
Agreement or the transactions contemplated by this Agreement which is intended
for or may result in public dissemination thereof, it shall cooperate with the
Purchaser, shall furnish drafts of all documents or proposed oral statements to
the Purchaser, for comments, and shall not release any such information without
the prior written consent of the Purchaser. Nothing contained herein shall
prevent the Company from releasing any information to any governmental authority
if required to do so by law.

SECTION 5.02 REGISTRATION OF CONVERSION SHARES AND WARRANT SHARES.

         The Company has granted certain registration rights to the Purchasers
set forth in its Articles of Amendment to the Articles of Incorporation of the
Company, filed with the Secretary of State of the State of Florida on or about
the date hereof, relating to the registration of the Conversion Shares, which
provisions are hereby incorporated by reference herein. In addition, the Company
agrees to use its best efforts to cause a registration statement on Form S-3
(or, if not eligible to use Form S-3, such other form for which the Company may
be eligible) covering the resale of (i) the Conversion Shares underlying the
Tranche 1 Shares, (ii) the Warrant Shares underlying the Tranche 1 Warrants, and
(iii) such other shares of Common Stock held directly or underlying equity
securities acquired directly from the Company prior to the effective date of

                                       10
<PAGE>

such registration statement (collectively, the "Registrable Securities"), to be
filed with the Securities and Exchange Commission within thirty days of the
Tranche 1 Closing Date and declared effective as soon as practicable thereafter;
provided, however, to the extent such registration statement is not filed within
60 days of the date hereof, the Company shall be obligated to issue additional
shares of Common Stock in an amount equal to 4% of the Registrable Securities
(or pro rata amount thereof) for each month (or pro rata portion thereof) after
such 60-day period in which no such filing is made, issuable on the earlier of
the last day of each such month and the filing date of such registration
statement. The Company further agrees to use its best efforts to maintain the
effectiveness of such registration statement until the earlier to occur of (i)
the sale of all of the Registrable Securities under such registration statement
and (ii) such time as the Registrable Securities are all eligible for resale
pursuant to Rule 144 promulgated under the Securities Act without being subject
to the limitations of Rule 144(e). As provided in the Articles of Amendment, the
Purchasers shall have a demand registration right and piggy-back rights if and
to the extent not all of the Conversion Shares are registered pursuant to the
above-referenced registration statement, which demand registration right shall
be exercisable by the holders of a majority of the shares of unregistered
Preferred Stock purchased under this Agreement from and after the earlier to
occur of (i) the date which is 180 days from the date of this Agreement and (ii)
the date which is 90 days from any subsequent tranches.

VI.      COVENANTS AND AGREEMENTS OF THE PURCHASER

         Each Purchaser covenants and agrees as follows:

SECTION 6.01 CONFIDENTIALITY.

         Such Purchaser shall insure that all confidential information which
such Purchaser, any of its respective officers, directors, employees, counsel,
agents, investment bankers, or accountants may now possess or may hereafter
create or obtain relating to the financial condition, results of operations,
business, properties, assets, liabilities, or future prospects of the Company,
any affiliate thereof, or any customer or supplier thereof or any such affiliate
shall not be published, disclosed, or made accessible by any of them to any
other person or entity at any time or used by any of them. Notwithstanding the
foregoing, the restrictions of the immediately preceding sentence shall not
apply (a) as may otherwise be required by law, (b) as may be necessary or
appropriate in connection with the enforcement of this Agreement, or (c) to the
extent such information shall have otherwise become publicly available.

SECTION 6.02 PUBLIC STATEMENTS.

         Before such Purchaser shall release any information concerning this
Agreement or the transactions contemplated by this Agreement which is intended
for or may result in public dissemination thereof, they shall cooperate with the
Company shall furnish drafts of all documents or proposed oral statements to the
Company for comments. Nothing contained herein shall prevent such Purchaser from
releasing any information to any governmental authority if required to do so by
law.

VII.     MISCELLANEOUS

SECTION 7.01 FURTHER ACTIONS

         At any time and from time to time, each party agrees, at its or his
expense, to take such actions and to execute and deliver such documents as may
be reasonably necessary to effectuate the purposes of this Agreement.

SECTION 7.02 AVAILABILITY OF EQUITABLE REMEDIES.

         Since a breach of the provisions of this Agreement could not adequately
be compensated by money damages, any party shall be entitled, either before or
after a Closing, in addition to any other right or remedy available to it, to an

                                       11
<PAGE>

injunction restraining such breach or a threatened breach and to specific
performance of any such provision of this Agreement, and in either case no bond
or other security shall be required in connection therewith, and the parties
hereby consent to the issuance of such an injunction and to the ordering of
specific performance.

SECTION 7.03 SURVIVAL.

         The covenants, agreements, representations, and warranties contained in
or made pursuant to this Agreement shall survive the Closings and any delivery
of Shares, Conversion Shares, Warrants or Warrant Shares to the Purchasers,
irrespective of any investigation made by or on behalf of any party. The
statements contained in any statement, certificate, or other instrument executed
by the Company and relating hereto or delivered to the Purchasers in connection
with the transactions contemplated hereby or thereby shall be deemed
representations and warranties, covenants and agreements, or conditions, as the
case may be, of the Company hereunder for all purposes of this Agreement
(including all statements, certificates, or other instruments delivered pursuant
hereto or thereto or delivered in connection with the transactions contemplated
hereby or thereby). The statements contained in any statement, certificate, or
other instrument executed by a Purchaser and relating hereto or delivered to the
Company in connection with the transactions contemplated hereby or thereby shall
be deemed representations and warranties, covenants and agreements, or
conditions, as the case may be, of such Purchaser hereunder for all purposes of
this Agreement (including all statements, certificates, or other instruments
delivered pursuant hereto or thereto or delivered in connection with the
transactions contemplated hereby or thereby).

SECTION 7.04 MODIFICATION.

         This Agreement and the Schedules and Exhibits hereto (together with the
other Transaction Agreements) set forth the entire understanding of the parties
with respect to the subject matter hereof (except as provided in Section 7.03),
supersede all existing agreements among them concerning such subject matter, and
may be modified only by a written instrument duly executed by each party with
the approval of an authorized officer or partner of each party.

SECTION 7.05 NOTICES.

         Any notice or other communication required or permitted to be given
hereunder shall be in writing and shall be mailed by certified mail, return
receipt requested (or by the most nearly comparable method if mailed from or to
a location outside of the United States) or by Federal Express, Express Mail, or
similar overnight delivery or courier service or delivered (in person or by
telecopy, telex, or similar telecommunications equipment) against receipt to the
party to whom it is to be given at the address of such party set forth in the
preamble to this Agreement (or to such other address as the party shall have
furnished in writing in accordance with the provisions of this Section 7.05)
with a copy to each of the other parties hereto. Any notice given to any
corporate party shall be addressed to the attention of the Corporate Secretary.
Notice to the estate of any party shall be sufficient if addressed to the party
as provided in this Section 7.05. Any notice or other communication given by
certified mail (or by such comparable method) shall be deemed given at the time
of certification thereof (or comparable act), except for a notice changing a
party's address which will be deemed given at the time of receipt thereof. Any
notice given by other means permitted by this Section 7.05 shall be deemed given
at the time of receipt thereof. A copy of any and all notices to the Purchasers
shall be delivered in accordance with this section to Reitler Brown LLC, 800
Third Avenue, 21st floor, New York, NY 10022, Attention: Robert Steven Brown.

                                       12
<PAGE>

SECTION 7.06 WAIVER.

         Any waiver by any party of a breach of any term of this Agreement shall
not operate as or be construed to be a waiver of any other breach of that term
or of any breach of any other term of this Agreement. The failure of a party to
insist upon strict adherence to any term of this Agreement on one or more
occasions will not be considered a waiver or deprive that party of the right
thereafter to insist upon strict adherence to that term or any other term of
this Agreement. Any waiver must be in writing.

Section 7.07 BINDING EFFECT; SEPARATE AGREEMENTS.

         The provisions of this Agreement shall be binding upon and inure to the
benefit of the Company and the Purchasers and their respective successors and
assigns. Notwithstanding anything herein to the contrary, a breach by one
Purchaser shall not affect the obligation of the other Purchaser and the Company
to effect either the Tranche 1 Closing or the Tranche 2 Closing or the
enforceability of this Agreement as between the non-breaching parties.

SECTION 7.08 NO THIRD PARTY BENEFICIARIES.

         This Agreement does not create, and shall not be construed as creating,
any rights enforceable by any person not a party to this Agreement.

SECTION 7.09 SEPARABILITY.

         If any provision of this Agreement is invalid, illegal, or
unenforceable, the balance of this Agreement shall remain in effect, and if any
provision is inapplicable to any person or circumstance, it shall nevertheless
remain applicable to all other persons and circumstances.

SECTION 7.10 HEADINGS.

         The headings in this Agreement are solely for convenience of reference
and shall be given no effect in the construction or interpretation of this
Agreement.

SECTION 7.11 Counterparts; Governing Law.

         This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument. It shall be governed by and construed in accordance
with the laws of the State of New York.

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                                       13
<PAGE>

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

                                    VISUAL DATA CORPORATION

                                    By: /s/
                                       ---------------------------------------
                                       Name: Randy S. Selman
                                       Title: President

                                    CHARTER CAPITAL RESOURCES, INC.

                                    By: /s/
                                       ---------------------------------------
                                       Name:
                                       Title:

                                       14

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