Document:

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                                  EXHIBIT 10.1
                       AMENDED AND RESTATED LOAN AGREEMENT

         This AMENDED AND RESTATED LOAN AGREEMENT (this "Agreement") is dated as
of this 7TH day of May, 2003 between VISUAL DATA CORPORATION, a Florida
corporation (the "Borrower"), and Frederick A. DeLuca (the "Lender").

                                    RECITALS

         A. Borrower and Lender entered into that certain Loan Agreement, dated
as of December 5, 2001, (the "First Loan Agreement"), pursuant to which Lender
has made a loan of $3,000,000 to Borrower.

         B. The loan under the First Loan Agreement (the "Loan") is evidenced by
a Promissory Note in the principal amount of Three Million Dollars ($3,000,000)
made by Borrower in favor of Lender (the "First Note") pursuant to the terms and
conditions of the First Loan Agreement.

         C. In connection with the Loan, Borrower and Lender also entered into a
security agreement and UCC-1 financing statement (the First Loan Agreement, the
First Note, the security agreement and UCC-1 financing statement, and all other
documents, instruments, certificates and agreements executed and/or delivered by
Borrower in connection with the First Loan Agreement, are sometimes hereinafter
collectively referred to as the "First Loan Documents").

         D. As of the date of this Agreement, the aggregate unpaid aggregate
principal balance of the First Note is $1,050,000, which amount, plus all
accrued and unpaid interest as of the date hereof, and any and all other amounts
payable under the First Loan Documents, are outstanding without setoff,
counterclaim, dispute, defense or right of recoupment (the "Borrower
Obligations"). The outstanding amount under the First Note shall be applied to
the New Note and become part of the obligations under the New Note and the New
Loan Documents.

         E. On the 4th day of April, 2003, Lender advanced to Borrower $250,000
pursuant to a promissory note which was secured pursuant to the security
agreement under the First Loan Documents, the Lender has also advanced to
Borrower $200,000 pursuant to a promissory note which was secured pursuant to
the security agreement under the First Loan Documents and additionally Lender
has advanced to Borrower $150,000 pursuant to a promissory note which was
secured pursuant to the security agreement under the First Loan Documents
(collectively the "Bridge Loan"). The outstanding obligation under the Bridge
Loan shall be applied to the New Note and become part of the obligations under
the New Note and the New Loan Documents.

         F. Borrower acknowledges that the obligations under the First Loan
Documents and the Bridge Loan are enforceable according to their respective
terms and constitute binding obligations of the respective parties thereto for
which there is no setoff, counterclaim, dispute, defense or right of recoupment,
that Lender holds valid liens upon, and/or valid perfected security interests
in, the Collateral pledged to secure the obligations under the First Loan
Documents and Bridge Loan (collectively, the "Existing Collateral"), and that
such liens and
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security interests are enforceable against Borrower, are of first priority and
secure the Borrower Obligations.

         G. The Borrower has requested that Lender renew and modify the
agreements represented by the First Loan Documents and the Bridge Loan, and
extend a new loan to the Borrower in the amount of One Million Three Hundred
Fifty Thousand Dollars ($1,350,000) (the "New Loan"). The outstanding balance of
the First Note, the outstanding balance of the Bridge Loan and the New Loan
amount shall be evidenced by the New Note, in the principal amount of Three
Million Dollars ($3,000,000), which is attached hereto as Exhibit A.

         H. In order to induce Lender to renew and modify the agreements
represented by the First Loan Documents and the Bridge Loan and to extend the
New Loan to the Borrower, Borrower is willing to enter into and perform this
Agreement and certain other New Loan Documents (as such term is hereinafter
defined) with the understanding that the Existing Collateral and the New
Collateral (as such term is hereinafter defined) will secure not only Borrower's
present and future obligations under the First Loan Documents, the Bridge Loan
and this Agreement, but also (i) all present and future obligations of the
Borrower with respect to the New Loan, and (ii) all present and future
obligations of the Borrower with respect to the New Loan Documents.

         I. On this date and in connection with the New Loan, the Borrower will
execute and deliver to Lender: (i) an Amended and Restated Loan Agreement (the
"New Loan Agreement"), (ii) a Pledge and Security Agreement (the "New Security
Agreement"), (iii) a Promissory Note (the "New Note"), (iv) an Escrow Agreement
(the "Escrow Agreement"), (v) an Account Control Agreement (the "Control
Agreement"), (vi) a certificate representing 250,000 shares of Class A-8
Preferred Stock (the "Preferred Shares") and (vii) such other documents as
Lender may reasonably request (the New Loan Agreement, the New Security
Agreement, the New Note, the Escrow Agreement, the Preferred Shares and such
other documents are sometimes hereinafter collectively referred to in this
Agreement as the "New Loan Documents"). The New Loan Documents are attached
hereto and shall each be incorporated by reference into this New Loan Agreement.

         J. On this date and in connection with the New Loan, the Lender will
exchange all of its common stock which is presently owned by Lender and deliver
to Borrower certificates representing same.

         K. This Agreement amends, restates and renews the First Loan Agreement,
but does not terminate, release or discharge the Existing Borrower Obligations
or operate as a novation with respect thereto. This Agreement and the New Loan
Documents to which Borrower is a party amend and restate in their entirety the
First Loan Documents, except as otherwise provided in the New Loan Documents,
but do not terminate, release or discharge any of the obligations under the
First Loan Documents or the Bridge Loan, or any right, remedy, lien or security
interest created thereunder.

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         L. Borrower will obtain benefits as a result of Lender renewing and
modifying the First Loan Agreement. Accordingly, Borrower desires to execute and
deliver this Agreement and the other New Loan Documents to which it is a party
in order to satisfy the conditions described in the preceding paragraphs.

         NOW THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, the parties do hereby covenant and agree as
follows:

Section 1. Definitions.

         "Bankruptcy Code" shall mean 11 U.S.C. Section 101 et seq.

         "Business Day" shall mean any day on which commercial Lenders are not
authorized or required to close in the State of Florida.

         "Closing Date" or "Closing" shall mean the date of this Agreement.

         "Common Stock" shall mean shares of the Borrower's Common Stock, par
value $.0001.

         "Default" shall mean any Event of Default or any event or condition
specified in Section 8 hereof, which with the giving of notice or lapse of time
or both would constitute an Event of Default.

         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

         "Lien" shall mean any mortgage, pledge, security interest, encumbrance,
lien or charge of any kind (including any agreement to give any of the
foregoing, any conditional sale or other title retention agreement, and the
filing of or agreement to give any financing statement or other similar form of
public notice under the laws of any jurisdiction).

         "Material Adverse Effect" shall have the meaning set forth in Section
4.01 hereof.

         "Maturity Date" shall mean the date that is thirty-six (36) months from
the Closing Date or, if such date shall not be a Business Day, the Maturity Date
shall be the next Business Day after such date.

         "New Note" shall mean the secured promissory note provided for in
Section 2 hereof and in substantially the form of Exhibit A hereto, and any note
or notes issued in exchange or substitution therefor.

         "Post-Default Rate" shall mean, in respect of any principal of or
interest on the New Loan or any other amount payable by the Borrower under this
Agreement or the New Note that is not paid when due (whether at stated maturity,
by acceleration or otherwise), a rate per annum during the period from and
including the due date to but excluding the date such amount is paid in full,
equal to twelve percent (12%).

         "SEC" shall mean the United States Securities and Exchange Commission.

         "Securities" shall mean the shares of Preferred Stock issued pursuant
to Section 6.01 hereof.

         "Securities Act" shall mean the Securities Act of 1933, as amended.

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Section 2. The New Loan.

              2.01 New Loan. On the terms and conditions hereof, the Lender
hereby agrees to make the New Loan in the principal amount of $1,350,000.
$1,000,000 shall be made payable to the Escrow Account on the Closing Date and
the remaining principal amount shall be advanced to the Borrower at such time.

              2.02 New Note. The New Loan, the Bridge Loan and the outstanding
balance of the First Note collectively shall be evidenced by the New Note of the
Borrower in the form of Exhibit A hereto, secured by the New Security Agreement,
dated as of the Closing Date, payable to the order of the Lender in the
principal amount set forth thereon and otherwise duly completed.

              2.03 Interest. The Borrower hereby promises to pay to the Lender
interest on the unpaid principal amount of the New Note, from and including the
Closing Date but excluding the Maturity Date, at a rate per annum equal to Five
and one-quarter percent (5 1/4 %). The Borrower shall pay interest quarterly on
or before the 15th day of the month following the end of the quarter, beginning
with the first payment on July 15, 2003. Interest shall be paid in cash.

         2.04 Principal. The Borrower hereby promises to pay the principal
amount of the New Note as follows:

                  (a) All principal shall be payable, in full, at the Maturity
Date (subject to subsections (d) and (e) below.

                  (b) Beginning with the first interest payment and continuing
through the Maturity Date, Borrower shall deliver to the Lender (on a quarterly
basis and independent of whether a payment is made by the Borrower) a statement,
signed by an executive officer of Borrower, setting forth the collected revenue
collected for the prior month (the "Collection Statement").

                  (c) The Collection Statement shall be final and binding on the
Lender unless, within thirty (30) days following date of delivery to the Lender
of the Collection Statement, the Lender shall have notified Borrower in writing,
including the basis of contestation (the "Notice of Objection") that Lender does
not accept as correct any calculation reflected in the Collection Statement. If
the Lender timely delivers the Notice of Objection to Borrower, then the
Borrower and Lender shall attempt to reach a mutual agreement as to the disputed
calculation made in the Collection Statement. If such parties fail to reach
agreement to the disputed calculation within fifteen (15) days after the Notice
of Objection has been received, then Borrower's accounting firm shall be
instructed by Borrower and the Lender to make, as soon as practical after the
matter is referred to such firm, all calculations that were in dispute and the
determination of such accounting firm shall be final and binding on the parties.
The cost of the accounting firm to be paid one-half (1/2) by Borrower and
one-half (1/2) by Lender.

                  (d) Notwithstanding anything to the contrary contained in this
Section 2.04, in the event Borrower receives equity or strategic financing, in
an amount in excess of

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$2,000,000, 35% of the net proceeds of such funds raised or received by
Borrower, above such $2,000,000, shall be used to pay the principal amount then
outstanding on the New Note.

                  (e) Notwithstanding anything to the contrary contained in this
Section 2.04, in the event Borrower is EBITDA positive, 35% of EBITDA shall be
used to pay the principal amount then outstanding on the New Note.

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                  2.05 Prepayments. The Borrower may prepay all or any part of
the principal amount of the New Note before the Maturity Date without penalty,
except no credit shall be given for prepaid interest.

Section 3. Payments; Computations; Etc.

                  3.01 Payments. All payments of principal, interest and other
amounts to be made by the Borrower under this Agreement or the New Note shall be
made, in immediately available funds, to the Lender no later than 3:00 p.m.
Florida time on the date on which such payment shall become due (each such
payment made after such time on such due date to be deemed to have been made on
the next succeeding Business Day). If a Default has occurred and is continuing,
the Lender may apply any such payment to interest and principal, and then fees
and expenses. If the due date of any payment under this Agreement or the New
Note would otherwise fall on a day that is not a Business Day, such date shall
be extended to the next succeeding Business Day and interest shall be payable
for any principal so extended for the period of such extension. Any amount of
principal not paid when due hereunder shall accrue interest at the Post-Default
Rate.

                  3.02 Computations. Interest shall be computed on the basis of
the actual days elapsed (including the first day but excluding the last day)
occurring in the period for which payable, relative to a year of 365 or 366
days, as the case may be.

Section 4. Representations and Warranties of the Borrower. Except as set forth
on the Borrower Disclosure Schedule attached hereto as Exhibit B, (the "Borrower
Disclosure Schedule"), the Borrower represents and warrants to the Lender, as of
the Closing Date and at any time reaffirmed pursuant to the terms hereof, that:

              4.01 Organization, Good Standing and Qualification. The Borrower
is a corporation duly organized, validly existing and in good standing under the
laws of the state of Florida. The Borrower has all requisite corporate power and
authority to own and operate its properties and assets, to execute and deliver
each of the Loan Documents, to issue the Note and to carry out the provisions of
each of the Loan Documents and to carry on its business as presently conducted.
The Borrower is duly qualified and is authorized to do business and is in good
standing as a foreign corporation in all jurisdictions in which the nature of
its activities and of its properties makes such qualification necessary, except
for those jurisdictions in which failure to do so could not have, individually
or in the aggregate, a material adverse effect on the business, properties,
assets, financial condition, or operations of the Borrower (a "Material Adverse
Effect").

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                  4.02 Subsidiaries. The Borrower Disclosure Schedule contains a
list of each other corporation, limited partnership or similar entity in which
the Borrower owns equity securities of any kind, with a brief description of the
nature of each such equity interest.

                  4.03 Capitalization; Voting Rights. The authorized capital
stock of the Borrower consists of 75,000,000 shares of Common Stock (the
"Borrower's Common Stock"), 34,600,000 shares of which are issued and
outstanding as of March 31, 2003, and 5,000,000 shares of Preferred Stock (the
"Borrower's Preferred Stock"), 116,832 of which are issued and outstanding as of
March 31, 2003. All issued and outstanding shares of the Borrower's Preferred
Stock have been duly authorized and validly issued and are fully paid and
non-assessable. All issued and outstanding shares of the Borrower's Common Stock
have been duly authorized and validly issued and are fully paid and
nonassessable. The rights, preferences, privileges and restrictions of the
Borrower's Common Stock are as stated in the Borrower's articles of
incorporation, as amended. The shares of Borrower's Common Stock issuable upon
conversion of the Preferred Shares have been duly and validly reserved for
issuance. When issued in compliance with the provisions of this Agreement and
the Borrower's articles of incorporation, as amended,, the shares of Borrower's
Common Stock issuable upon conversion of the Preferred Shares will be duly
authorized, validly issued, fully paid and nonassessable, and will be free of
any restrictions, limitations, claims or other encumbrances (except those
imposed by federal and state securities laws).

                  4.04 Authorization; Binding Obligations. All actions on the
part of the Borrower, its officers, directors and shareholders necessary for the
authorization, execution and delivery of each of the New Loan Documents, the
performance of all obligations of the Borrower hereunder and thereunder at the
Closing and after the Closing and the authorization, sale, issuance and delivery
of the Preferred Shares issuable herein and the authorization, sale, issuance
and delivery of the shares of Common Stock issuable upon conversion of the
Preferred Shares has been taken or will be taken prior to the Closing, except as
set forth on the Borrower Disclosure Schedule. Each of the New Loan Documents,
when executed and delivered, will be valid and binding obligations of the
Borrower enforceable in accordance with their respective terms, except (a) as
limited by applicable Bankruptcy, insolvency, reorganization, moratorium or
other laws of general application affecting enforcement of creditors' rights;
and (b) general principles of equity that restrict the availability of equitable
remedies.

                  4.05 Financial Condition. The balance sheets and financial
statements of the Borrower as of December 31, 2002 (the "Statement Date")
heretofore furnished to the Lender or made available to the Lender
(collectively, the "Financial Statement") is correct in all material respects
and fairly present the financial condition of the Borrower at such date.

                  4.06 Liabilities. The Borrower has no material liabilities
and, to the best of its knowledge, knows of no material contingent liabilities
not disclosed in the Financial Statements, except liabilities incurred in the
ordinary course of business subsequent to the Statement Date.

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                  4.07 Obligations to Related Parties. Except as set forth in
the SEC Documents (as defined in Section 4.15 hereof) or the Borrower Disclosure
Schedule, there are no obligations of the Borrower to executive officers, or
directors of the Borrower other than (a) for payment of salary for services
rendered, (b) reimbursement for reasonable expenses incurred on behalf of the
Borrower, (c) for other reasonable and customary employee benefits (including
stock option agreements outstanding), and (d) reasonable and customary directors
fees.

                  4.08 Changes. Since the Statement Date, except as disclosed in
the Borrower's Schedule, there has not been to the Borrower's knowledge:

                       (a) Any change in the assets, liabilities, financial
condition or operations of the Borrower from that reflected in the Financial
Statements, other than changes in the ordinary course of business;

                       (b) Any resignation or termination of any executive
officers of the Borrower; and the Borrower, to the best of its knowledge, does
not know of the impending resignation or termination of employment of any such
officer;

                       (c) Any material change in the contingent obligations of
the Borrower by way of guaranty, endorsement, indemnity or warranty;

                       (d) Any damage, destruction or loss, whether or not
covered by insurance, materially and adversely affecting the properties, or
financial condition of the Borrower; or

                       (e) Any sale, assignment or transfer of any material
patents, trademarks, copyrights, trade secrets or other material intangible
assets.

                  4.09 Title to Properties and Assets; Liens, Etc. The Borrower
has good and marketable title to its properties and assets, including the
properties and assets reflected in the most recent balance sheet included in the
Financial Statements, other than (a) those resulting from taxes which have not
yet become due and payable, (b) minor Liens and encumbrances which do not
materially detract from the value of the property subject thereto or materially
impair the use thereof or the operations of the Borrower and (c) Liens set forth
on the Borrower's Disclosure Schedule.

                  4.10 Litigation. Except as disclosed in the SEC Documents or
Borrower's Schedule, there is no action, suit, proceeding or investigation
pending or, to the Borrower's knowledge, threatened against the Borrower that
questions the validity of any of the New Loan Documents or the right of the
Borrower to enter into any of such agreements, or to consummate the transactions
contemplated hereby or thereby, or which could have a Material Adverse Effect.

                  4.11 Tax Returns and Payments. Since December 31, 2002,
Borrower has timely filed all tax returns (federal, state and local) required to
be filed by it. All taxes shown to be due and payable on such returns, any
assessments imposed, and to the Borrower's knowledge all other taxes due and
payable by the Borrower on or before the Closing have been paid or will be paid
prior to the time they become delinquent.

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                  4.12 Employees. The Borrower has no collective bargaining
agreements with any of its employees. There is no labor union organizing
activity pending or, to the Borrower's knowledge, threatened with respect to the
Borrower. To the Borrower's knowledge, no employee of the Borrower, nor any
consultant with whom the Borrower has contracted, is in material violation of
any term of any employment contract, proprietary information agreement or any
other agreement relating to the right of any such individual to be employed by,
or to contract with, the Borrower because of the nature of the business to be
conducted by the Borrower; and to the Borrower's knowledge the continued
employment by the Borrower of its present employees, and the performance of the
Borrower's contracts with its independent contractors, will not result in any
such violation. The Borrower has not received any notice alleging that any such
violation has occurred. The Borrower is not aware that any executive officer
intends to terminate their employment with the Borrower.

                  4.13 Compliance with Laws; Permits. To the best of its
knowledge, the Borrower is not in violation of any applicable statute, rule,
regulation, order or restriction of any domestic government or any
instrumentality or agency thereof in respect of the conduct of its business or
the ownership of its assets or properties which violation could have a Material
Adverse Effect. Except as set forth on Borrower Disclosure Schedule, no
governmental orders, permissions, consents, approvals or authorizations are
required to be obtained and no registrations or declarations are required to be
filed in connection with the execution and delivery of each of the New Loan
Documents and the issuance of the New Note or the shares of the Preferred Stock
or Common Stock issuable upon conversion of the Preferred Stock. The Borrower
has all franchises, permits, licenses, rights and any similar authority and
approvals necessary for the conduct of its business as now being conducted, the
lack of which could have a Material Adverse Effect.

                  4.14 Environmental and Safety Laws. To its knowledge, the
Borrower is not in violation of any applicable statute, law or regulation
relating to the environment or occupational health and safety, the violation of
which could have a Material Adverse Effect, and to its knowledge, no material
expenditures are or will be required in order to comply with any such existing
statute, law or regulation.

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              4.15 SEC Reports and Filings. The Borrower has made available to
the Lender through publicly available sources a complete and accurate copy of
each Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB, Form 8-K,
definitive proxy statement, registration statement and annual report filed by
the Borrower with the SEC on or after January 1, 2000 (collectively, the "SEC
Documents"), and all amendments and supplements to each of the foregoing. The
SEC Documents, including the financial statements contained therein, (i)
complied with the requirements of the Securities Act or the Exchange Act, as the
case may be, at and as of the times they were filed (or, if amended,
supplemented or superseded by a filing prior to the date of this Agreement, then
on the date of such filing) in all material respects and (ii) did not at and as
of the time they were filed (or, if amended, supplemented or superseded by a
filing prior to the date of this Agreement, then on the date of such filing)
contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not
misleading.

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Section 5. Representations and Warranties of the Lender. The Lender represents
and warrants to the Borrower, as of the Closing Date and at any time reaffirmed
pursuant to the terms hereof, that:

                  5.01 Authority. The Lender has all requisite power and
authority to execute and deliver this Agreement, to own and hold the Note and
the Securities and to carry out the provisions of this Agreement and the Note.

                  5.02 Investment Representations. The Lender understands that
the Securities have not been registered under the Securities Act. The Lender
also understands that the Securities are being offered and sold pursuant to an
exemption from registration contained in the Securities Act based in part upon
the Lender's representations contained in this Agreement. The Lender hereby
represents and warrants as follows:

                       (a) The Lender Bears Economic Risk. The Lender has
substantial experience in evaluating and investing in private placement
transactions of securities in companies similar to the Borrower so that it is
capable of evaluating the merits and risks of its investment in the Borrower and
has the capacity to protect its own interests. The Lender must bear the economic
risk of this investment indefinitely unless the Securities (or the shares of
Borrower's Common Stock underlying the Securities) are registered pursuant to
the Securities Act, or an exemption from registration is available. The Lender
understands that, unless the Securities (or the shares of Borrower's Common
Stock underlying the Securities) are registered under the Securities Act, there
is no assurance that any exemption from registration under the Securities Act
will be available and that, even if available, such exemption may not allow the
Lender to transfer all or any portion of the Securities (or the shares of
Borrower's Common Stock underlying the Securities) under the circumstances, in
the amounts or at the times the Lender might propose.

                       (b) Acquisition for Own Account. The Lender is acquiring
the Securities for the Lender's own account for investment only, and not with a
view towards their distribution within the meaning of the Securities Act.

                       (c) Accredited Investor. The Lender represents that it is
an accredited investor within the meaning of Regulation D under the Securities
Act.

Section 6. Conditions Precedent.

                  6.01 Conditions to the Loan. The obligation of the Lender to
make the New Loan hereunder is subject to the receipt by the Lender of the
following documents on the Closing Date, each of which shall be satisfactory in
form and substance to the Lender:

a                      (a) The New Note, duly completed and executed.

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                       (b) The Pledge and Security Agreement, duly completed and
executed.

                       (c) The Escrow Agreement, duly completed and executed.

                       (d) The Account Control Agreement, duly completed and
executed.

2                      (e) A stock certificate, duly completed and executed,
representing 250,000 shares of Class A-8 Preferred Stock issued to the Borrower
(140,000 of which shall be in consideration for entering into this Agreement and
110,000 of which shall be in consideration of Lender's exchange of all of its
presently held common stock.

3                      (f) Certified copies of the articles of incorporation, as
amended, and bylaws of the Borrower.

                       (g) A Certificate of Good Standing of the Borrower
certified by the appropriate governmental officer.

                       (h) A UCC-1 shall have been filed in the jurisdictions
determined by Lender.

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                  6.02 General Conditions. The obligation of the Lender to make
the New Loan is further subject to all of the following additional conditions
precedent:

                       (a) No Event of Default shall have occurred and be
continuing either immediately prior to the making of the New Loan or immediately
after the making of the New Loan.

                       (b) The representations and warranties made by the
Borrower in Section 4 hereof shall be true and correct in all material respects
as of the Closing Date with the same force and effect as if they had been made
pursuant to this Agreement as of the Closing Date (except for those
representations and warranties which refer to dates other than the Closing Date,
which representations and warranties relate only to the referred dates).

                       (c) On the Closing Date, the issuance of the New Note
shall be legally permitted by all laws and regulations to which the Borrower and
the Lender are subject.

                       (d) The Borrower shall have obtained any and all
consents, permits and waivers necessary or appropriate for consummation of the
transactions contemplated by each of the New Loan Documents (except for such as
may be properly obtained subsequent to the Closing).

                       (e) The shares of Borrower's Preferred Stock issued shall
have been duly authorized and reserved for issuance upon such conversion.

                       (f) The Borrower shall have delivered to the Lender a
compliance certificate, executed by the President of the Borrower, dated the
Closing Date, to the effect that the conditions specified in subsections (a),
(b), (d) and (e) in this Section 6.02 have been satisfied.

                       (g) All corporate and other proceedings in connection
with the transactions contemplated at the Closing hereby and all documents and
instruments incident to such transactions shall be reasonably satisfactory in
substance and form to the Lender, and the Lender shall have received all such
counterpart originals or certified or other copies of such documents as it may
reasonably request. Section 7. Covenants of the Borrower. The Borrower agrees
that from the date hereof, until payment in full of the New Loan, all interest
thereon and all other amounts payable by the Borrower under the New Loan
Documents:

                  7.01 Information. The Borrower shall deliver to the Lender:

                       (a) Promptly after the Borrower knows that any Event of
Default has occurred, a notice of such Event of Default, describing the same in
detail; and

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                       (b) From time to time such other information regarding
the business, affairs or financial condition of the Borrower as the Lender may
reasonably request.

                  7.02 Basic Financial Information and Reporting.

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                       (a) The Borrower will maintain true books and records of
account in which true and correct entries will be made of all its business
transactions pursuant to a system of accounting established and administered in
accordance with generally accepted accounting principles consistently applied.

                       (b) As soon as practicable after the end of each fiscal
year of the Borrower, and in any event within one hundred five (105) days
thereafter, the Borrower will furnish the Lender with a consolidated balance
sheet of the Borrower, as at the end of such fiscal year, and a consolidated
statement of income and a consolidated statement of cash flows of the Borrower,
for such year, all prepared in accordance with generally accepted accounting
principles consistently applied and setting forth in each case in comparative
form the figures for the previous fiscal year, all in reasonable detail. Such
financial statements shall be accompanied by a report and opinion thereon by
independent public accountants selected by the Borrower's Board of Directors.

                       (c) The Borrower will furnish the Lender, as soon as
practicable after the end of the first, second and third quarterly accounting
periods in each fiscal year of the Borrower, and in any event within fifty (50)
days thereafter, a consolidated balance sheet of the Borrower as of the end of
each such quarterly period, and a consolidated statement of income and a
consolidated statement of cash flows of the Borrower for such period and for the
current fiscal year to date, prepared in accordance with generally accepted
accounting principles, with the exception that no notes need be attached to such
statements and normal year-end audit adjustments may not have been made.

                  7.03 SEC Filings. The Borrower shall deliver to the Lender (or
make available to the Lender through publicly available sources) a complete and
accurate copy of each report, schedule, registration statement and definitive
proxy statement filed by the Borrower with the SEC on or after the Closing Date
and all amendments and supplements to each of the foregoing (collectively, the
"Borrower SEC Reports"). The Borrower SEC Reports (i) will constitute all the
forms, reports and documents required to be filed by the Borrower with the SEC
under the Securities Act and the Exchange Act, as applicable, and the rules and
regulations promulgated thereunder from and after the Closing Date, (ii) will
comply with the requirements of the Securities Act the Exchange Act, as the case
may be, at and as of the times they are filed, and (iii) will not at and as of
the time they are filed contain any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to
make the statements therein, in light of the circumstances under which they are
made, not misleading.

                  7.04 Reservation of Common Stock. The Borrower will at all
times reserve and keep available, solely for issuance and delivery upon the
conversion of the Preferred Shares, all Common Stock issuable from time to time
upon such exercise.

                                       15
<PAGE>
                  7.05 Compliance with Laws. The Borrower shall use its
reasonable best efforts to preserve and maintain its existence and all of its
material rights and privileges; comply with the requirements of all applicable
laws, rules, regulations and orders of governmental or regulatory authorities if
failure to comply with such requirements could result in a Material Adverse
Effect; and pay and discharge all taxes, assessments and governmental charges or
levies imposed on it or on its income or profits or on any of its property prior
to the date on which penalties attach thereto, except for any such tax,
assessment, charge or levy the payment of which is being contested in good faith
and by proper proceedings.

                                       16
<PAGE>
Section 8. Events of Default. If one or more of the following events or
conditions shall occur and be continuing, it shall be deemed to be an event of
default under this Agreement (an "Event of Default"):

                  (a) The Borrower shall be in default for more than fifteen
(15) days in the payment when due of any principal of or interest under the New
Note;

                  (b) Any representation or warranty made in any of the New Loan
Documents or in any document furnished in connection herewith or therewith by
the Borrower shall prove to have been false or misleading as of the time made or
furnished in any material respect;

                  (c) The Borrower shall default in the performance of any of
its obligations under Section 7 hereof;

                  (d) The Borrower shall (i) apply for or consent to the
appointment of, or the taking of a position by, a receiver, custodian, trustee
or liquidator of itself or of all or a substantial part of its property; (ii)
make a general assignment for the benefit of its creditors; (iii) commence a
voluntary case under the Bankruptcy Code (as now or hereafter in effect); (iv)
file a petition seeking to take advantage of any other law relating to
Bankruptcy, insolvency, reorganization, winding-up, or composition or
readjustment of debts; (v) fail to controvert in a timely and appropriate
manner, or acquiesce in writing to, any petition filed against it in any
involuntary case under the Bankruptcy Code; or (vi) take any action for the
purpose of effecting any of the foregoing; and

                  (e) A proceeding or case shall be commenced, without the
application or consent of the Borrower in any court of competent jurisdiction,
seeking (i) liquidation, reorganization, dissolution or winding-up, or the
composition or readjustment of debts of the Borrower; (ii) the appointment of a
trustee, receiver, custodian, liquidator or the like of the Borrower or of all
or any substantial part of any of the Borrower's assets; or (iii) similar relief
in respect of the Borrower under any law relating to Bankruptcy, insolvency,
reorganization, winding-up, or composition or adjustment of debts, and such
proceeding or case shall continue undismissed for a period of forty-five (45)
days, or an order, judgment or decree approving or ordering any of the foregoing
shall be entered or an order for relief against the Borrower shall be entered in
an involuntary case under the Bankruptcy Code and such order a judgment shall be
final and non-appealable; and

         THEREUPON in the case of an Event of Default, the Lender may, by notice
to the Borrower, declare the principal amount then outstanding of, and the
interest on all amounts payable by the Borrower under this Agreement and the New
Note to be forthwith due and payable, whereupon such amounts shall be
immediately due and payable without presentment, demand, protest or other
formalities of any kind, all of which are hereby waived by the Borrower.

Section 9. Miscellaneous.

                                       17
<PAGE>
                  9.01 Waiver. No failure on the part of the Lender to exercise
and no delay in exercising, and no course of dealing with respect to any right,
power or privilege under any of the New Loan Documents shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power or
privilege under any of the New Loan Documents preclude any other or further
exercise thereof or the exercise of any other right, power or privilege.

                  9.02 Notices. All notices and other communications provided
for herein shall be in writing and shall be delivered to the intended recipient
at the "Address for Notices" specified below or at such other address as shall
be designated by a party in a notice to each other party. All notices and other
communications hereunder shall be deemed to have been duly given, in the case of
hand delivery, when received, or in the case of mail, three Business Days after
the date deposited in the mail, addressed as aforesaid. Addresses for Notices:

If to the Borrower:                      with a copy to:

Visual Data Corporation                  Adorno & Yoss, P.A.
1291 S.W. 29th Avenue                    350 East Las Olas Boulevard, Suite 1700
Pompano Beach, Florida 33069             Fort Lauderdale, Florida 33301
Attn:  Randy S. Selman                   Attn: Joel D. Mayersohn, Esq.
Fax:   (954) 917-6655                    Fax:  (954) 766-7800
Phone: (954) 917-6660                    Tele: (954) 763-1200

If to the Lender:                        With a copy to:

Frederick A. DeLuca                      Joe Esposito, Esq.
c/o Doctor's Associates, Inc.            Legal Department
325 Bic Drive                            Doctor's Associates, Inc.
Milford, Connecticut  06460              325 Bic Drive
Attn:  David Worroll, Controller         Milford, Connecticut 06460
Fax:   (203) 788-7161                    Fax:  (203) 876-6690
Tele:  (203) 877-4281, ext 1195          Tele: (203) 877-4281 (ext. 1468)

                                       18
<PAGE>
                  9.03 Expenses, Etc. Except as set forth in this Section 9.03,
all costs and expenses incurred in connection with the New Loan Documents shall
be paid by the party incurring such costs and expenses. The Borrower agrees to
promptly pay on demand (a) all costs and expenses of the Lender, including
counsels' fees, in connection with the enforcement of the New Loan Documents;
(b) all expenses of the Lender, including counsels' fees, in connection with any
actual or proposed waiver or amendment requested by the Borrower to any of the
foregoing, whether or not such waiver or amendment shall become effective; and
(c) all transfer, stamp, documentary or other similar taxes, assessments or
charges levied by any governmental or revenue authority in respect of any of the
foregoing or any other document referred to herein.

                  9.04. Amendments, Etc. Any provision of this Agreement may be
modified or waived by an instrument or instruments in writing signed by the
Borrower and the Lender.

                  9.05. Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns except that the Borrower may not assign its rights or
delegate its obligations hereunder or under the Note without the prior written
consent of Lender.

                  9.06. Survival of Representations and Warranties. The
representations, warranties, covenants and agreements made herein shall survive
any investigation made by the Lender and the closing of the transactions
contemplated hereby.

                  9.07. Confidentiality. Other than as required by law (and
then, only upon advance notice with a reasonably opportunity for the other party
to comment), without the prior written consent of the other party, no party to
this Agreement shall make, or cause to be made, any press release or public
announcement in respect of this Agreement, the transactions contemplated hereby
or any other discussions or negotiations between the parties, or otherwise
communicate with any news media regarding this Agreement or the transactions
contemplated hereby or any other discussions or negotiations between the
parties. The parties shall cooperate as to the timing and contents of any such
press release, public announcement or other communication.

                                       19
<PAGE>
                  9.08. Counterparts. This Agreement may be executed in
counterparts.

                  9.09. GOVERNING LAW. THE NEW LOAN DOCUMENTS SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE FLORIDA.

                  9.10 Jurisdiction and Consent to Suit. Any proceeding to
enforce any of the New Loan Documents may be brought in any state or federal
court of competent jurisdiction in the State of Florida. The Borrower hereby
irrevocably waives any present and future objection to any such venue, and
irrevocably consents and submits unconditionally to the non-exclusive
jurisdiction for itself and in respect of any of its property in such court.

                  9.11 Severability. If any terms or provisions of this
Agreement or application thereof to any person or circumstance shall to any
extent be invalid or unenforceable, the remainder of this Agreement, or the
application of such terms or provisions to persons or circumstances other than
those as to which it is invalid or unenforceable, shall not be affected thereby,
and each term and provision of this Agreement shall be valid and enforceable to
the fullest extent permitted by law.

                  9.12 Entire Agreement. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof.

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

                                          VISUAL DATA CORPORATION

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

                                                /s/ Frederick A. DeLuca
                                                --------------------------------
                                                Name: Frederick A. DeLuca

                                       20<PAGE>
                                  EXHIBIT 10.2

                          PLEDGE AND SECURITY AGREEMENT

         This PLEDGE AND SECURITY AGREEMENT dated as of this 7TH day of May,
2003 ("Security Agreement"), is between Visual Data Corporation, a Florida
corporation (the "Company") and Frederick A. DeLuca, ("DeLuca"). Terms not
otherwise defined herein shall have the same meanings ascribed to them in the
Amended and Restated Loan Agreement (the "New Loan Agreement") dated as of even
date herewith and attached hereto as Exhibit A.

                             PRELIMINARY STATEMENTS

         WHEREAS, DeLuca has made a loan to the Company in the amount of
$1,350,000 (the "New Loan"), in consideration for which the Company has issued
and delivered to DeLuca the New Loan Agreement, a Promissory Note (the "New
Note"), an Account Control Agreement (the "Account Control Agreement") an Escrow
Agreement (the "Escrow Agreement") and this Pledge and Security Agreement
(collectively the "Agreements").

         WHEREAS, the New Loan Agreement of which the Company and DeLuca have
entered into as of even date herewith, a copy of which is attached hereto as
Exhibit "A", pursuant to which the Company has agreed to, among other things:
(i) add the outstanding amount under the First Note of $1,050,000 to the New
Note; (ii) add the principal amount of the Bridge Loan to the New Note (iii) pay
$350,000 of proceeds of the New Loan (at the discretion and direction of DeLuca)
to creditors; and (iv) deposit the remaining $1,000,000 into an escrow account
upon the terms and conditions set forth in this Escrow Agreement; and

         WHEREAS, The fulfillment of the terms and conditions by the Company
under the New Loan Agreement and the New Note is secured by the terms of this
Security Agreement.

         NOW, THEREFORE, in consideration of the mutual promises set forth
herein, and in order to induce DeLuca to make the New Loan, the Company hereby
agrees as follows:

         1. Grant of Security Interest and Pledge of Subsidiary Stock. DeLuca
acknowledges that the rights, remedies, representations and warranties contained
herein are subject to any prior secured interest in the Collateral (as defined
below). Company hereby grants to DeLuca a security interest in and on all of
Company's, and in and on all of the Company's subsidiaries (the "Subsidiaries")
(such Subsidiaries are listed on Schedule 3 which is attached hereto), right,
title and interest in and to all of the following, whether now owned or
hereafter acquired or existing (the "Collateral"):

                  a. All equipment (except any leased equipment) in all of its
forms, wherever located, including, without limitation, all machinery and other
goods, furniture, furnishings, fixtures, office supplies and all other similar
types of tangible personal property and all parts thereof and all accessions
thereto, together with all parts, fittings, special tools, alterations,
substitutions, replacements and accessions thereto (any and all such equipment,
parts and accessions being the "Equipment");
<PAGE>
                  b. All inventory in all of its forms, wherever located,
including, but not limited to, (i) all raw materials and work in progress,
finished goods, and materials used or consumed in manufacture or production,
(ii) goods in which Company has an interest in mass or a joint or other interest
or right of any kind (including, without limitation, goods in which Company has
an interest or right as consignee), and (iii) goods which are returned to or
repossessed by Company, and all accessions thereto and products thereof and all
documents and documents of title relating to or covering any of the foregoing or
any other assets ("Documents") (any and all such inventory, accessions, products
and Documents being the "Inventory");

                  c. All accounts, accounts receivable, deposit accounts, cash
or cash equivalents, contract rights, chattel paper, instruments, acceptances,
drafts, general intangibles, payment intangibles, letter-of-credit rights,
commercial torts claims, deposit accounts, consignments, promissory notes and
other obligations of any kind, whether or not arising out of or in connection
with the sale or lease of goods or the rendering of services, together with all
ledger sheets, files, records and documents relating to any of the foregoing,
including all computer records, programs, storage media and computer software
useful or required in connection therewith (the "Receivables"), and all rights
now or hereafter existing in and to all security agreements, leases, and other
contracts securing or otherwise relating to any such Receivables, and any and
all such leases, security agreements and other contracts (the "Related
Contracts");

                  d. All rights under all contracts or agreements to which
Company is a party (other than contracts or agreements entered into prior to the
date of this Agreement which by their terms expressly prohibit the granting of
any lien, charge, claim or encumbrance of any nature whatsoever ("Lien")
thereon; all contracts and agreements entered into by Company during the term of
this Agreement shall permit the attachment of the Lien provided for under this
Agreement);

                  e. All trademarks, trade names, trade styles, service marks,
prints and labels on which said trademarks, trade names, trade styles and
service marks have appeared or appear, designs and general intangibles of like
nature, now existing or hereafter adopted, all right, title and interest therein
and thereto, and all registrations and recordings thereof, including, without
limitation, applications, registrations and recordings in the United States
Patent and Trademark Office or in any similar office or agency of the United
States, any State thereof, or any other country or any political subdivision
thereof, together with the goodwill associated therewith, and all reissues,
amendments, extensions or renewals thereof and all licenses thereof (the
"Trademarks");

                  f. All copyrights, copyrighted works or any item which
embodies such copyrighted work of the United States or any other country, all
applications therefor, all right, title and interest therein and thereto, and
all registrations and recordings thereof, including, without limitation,
applications, registrations and recordings in the United States Copyright Office
or in any similar office or agency of the United States, any State thereof or
any other country or any political subdivision thereof, and all derivative
works, extensions or renewals thereof (the "Copyrights");
<PAGE>
                  g. All letters patent of the United States or any other
country, and all applications therefor, all right, title and interest therein
and thereto, and all registrations and recordings thereof, including, without
limitation, applications, registrations and recordings in the United States
Patent and Trademark Office or in any similar office or agency of the United
States, any State thereof or any other country or any political subdivision
thereof, and all reissues, continuations, divisionals, continuations-in-part or
extensions thereof and all licenses thereof (the "Patents");

                  8.       All other tangible and intangible personal property
                           and fixtures;

                                    9. The Stock of the Subsidiaries of the
                           Company as listed on Schedule 3 to this Agreement.
                           Such stock certificates of the Subsidiaries will be
                           delivered to DeLuca at the execution of this
                           Agreement.

                  j. All proceeds of any and all of the foregoing Collateral
(including, without limitation, proceeds which constitute property of the types
described in clauses (a) through (i) of this Section 1) and, to the extent not
otherwise included, all payments under insurance (whether or not DeLuca is the
loss payees thereof), or any indemnity, warranty or guaranty, payable by reason
of loss or damage to or otherwise with respect to any of the foregoing items.

                  All of the terms used in the above definition of Collateral
shall have the meanings given to such terms under the Uniform Commercial Code of
the applicable jurisdiction as amended from time to time.

         2. Security for Obligations. Subject to any prior secured interest in
the Collateral, the Collateral secures the obligations under the New Loan
Agreement.

         3. Company Remains Liable. Anything herein to the contrary
notwithstanding, (a) Company shall remain liable under the contracts and
agreements included in the Collateral to the extent set forth therein to perform
all of its duties and obligations thereunder to the same extent as if this
Security Agreement had not been executed, (b) the exercise by DeLuca of any of
the rights hereunder shall not release Company from any of its duties or
obligations under the contracts and agreements included in the Collateral, and
(c) DeLuca shall not have any obligation or liability under the contracts and
agreements included in the Collateral by reason of this Security Agreement, nor
shall DeLuca be obligated to perform any of the obligations or duties of Company
thereunder or to take any action to collect or enforce any claim for payment
assigned hereunder.

         4. Representations and Warranties. Company represents and warrants to
DeLuca as follows:

                  a. All of the Equipment and Inventory (i) were acquired in the
ordinary

3
<PAGE>
course of business and (ii) are located at the places specified in Schedule 1
hereto. The chief place of business and chief executive office of Company and
the office where Company keeps its records concerning Receivables are located at
the address specified on Schedule 1 hereto. None of the Receivables is evidenced
by a promissory note or other instrument.

                  b. Company owns the Collateral free and clear of any Lien,
except for (i) the security interest created by this Security Agreement, and
(ii) capital leases obligations of approximately $75,000.

                  c. Company conducts no business under any name or trade name
other than its proper corporate name except as set forth on Schedule 2.

                  d. Company has exclusive possession and control of the
Equipment and Inventory.

                  e. All of Company's material Related Contracts are in full
force and effect, and Company and, to Company's knowledge, the other persons to
each such Related Contract have performed in all material respects their
respective obligations under each such Related Contract.

                  f. Schedule 2 sets forth a complete and correct list of all
Patents, Trademarks and Copyrights owned by Company on the date hereof. Company
has the right to use all Patents, Trademarks, and Copyrights and all computer
programs and other rights, free from materially burdensome restrictions, which
are necessary for the operation of its business as presently conducted. There is
not pending or threatened any claim or litigation against or affecting Company
contesting the validity of any of the Patents, Trademarks or Copyrights or
computer program or other right.

                  g. This Security Agreement creates a valid Lien in the
Collateral, securing the obligations under the New Loan Agreement, and all other
actions necessary or desirable to perfect and protect such security interest
have been duly taken.

                  h. No authorization, approval or other action by, and no
notice to or filing with, any governmental or regulatory agency or authority is
required (i) for the grant by Company of the security interest granted hereby or
(ii) for the execution, delivery or performance of this Security Agreement by
Company or (iii) for the perfection of or the exercise by DeLuca of its rights
and remedies hereunder.

         5. Further Assurances.

                  a. Company agrees that from time to time, at the expense of
Company, Company will promptly execute and deliver all further instruments and
documents, and take all further action, that may be necessary or desirable, or
that DeLuca may reasonably

4
<PAGE>
request, in order to perfect and protect any security interest granted or
purported to be granted hereby or to enable DeLuca to exercise and enforce its
rights and remedies hereunder with respect to any Collateral. Without limiting
the generality of the foregoing, Company will: (i) mark conspicuously each
document and agreement included in the Collateral and, at the request of DeLuca,
each of its records pertaining to the Collateral with a legend, in form and
substance satisfactory to DeLuca indicating that such Collateral is subject to
the security interest granted hereby; (ii) if any Receivable shall be evidenced
by a promissory note or other instrument or chattel paper, deliver such
promissory note or other instrument or chattel paper to DeLuca duly endorsed and
accompanied by duly executed instruments of transfer or assignment, all in form
and substance satisfactory to DeLuca; and (iii) execute and file such financing
or continuation statements, or amendments thereto, and such other instruments or
notices, as may be necessary or desirable, or as DeLuca may request, in order to
perfect and preserve the security interest granted or purported to be granted
hereby.

                  b. Company hereby authorizes DeLuca to file one or more
financing or continuation statements, and amendments thereto, relative to all or
any part of the Collateral without the signature of Company where permitted by
law. A carbon, photographic or other reproduction of this Security Agreement or
any financing statement covering the Collateral or any part thereof shall be
sufficient as a financing statement where permitted by law.

                  c. Company will furnish to DeLuca from time to time statements
and schedules further identifying and describing the Collateral and such other
reports in connection with the Collateral as DeLuca may reasonably request, all
in reasonable detail.

                  d. Company will defend the Collateral against all claims and
demands of all persons (other than DeLuca) claiming an interest therein. Company
will pay promptly when due all property and other taxes, assessments and
governmental charges or levies imposed upon, and all claims (including claims
for labor, materials and supplies) against, the Collateral, except to the extent
where there is a good faith contest to the validity thereof. In connection with
any such good faith contest Company will, at the request of DeLuca, promptly
provide a bond, cash deposit or other security reasonably satisfactory to
protect the security interest of DeLuca should such good faith contest be
unsuccessful.

                  e. DeLuca acknowledges that to the extent required by any bank
or lender providing purchase money financing to Company (each a "Bank", and
together the "Banks"), the obligations under the New Loan Agreement will be
junior in payment to all amounts due pursuant to secured loans made by such
Bank(s) to Company. DeLuca shall enter into such subordination agreements as may
be reasonably requested by any such Bank or Banks.

         6. As to Equipment, Inventory and Trademarks. Company shall:

5
<PAGE>
                  a. Keep the Equipment and Inventory (other than Inventory sold
in the ordinary course of business) at the places therefor specified in Schedule
1 hereto or, upon 30 days' prior written notice to DeLuca, at such other places
in jurisdictions where all action required by Section 5 shall have been taken
with respect to the Equipment and Inventory;

                  b. Cause the Equipment necessary for the conduct of its
business to be maintained and preserved in the same condition, repair and
working order as when new, ordinary wear and tear excepted, and shall forthwith,
or in the case of any loss or damage to any of the Equipment as quickly as
practicable after the occurrence thereof, make or cause to be made all repairs,
replacements, and other improvements in connection therewith which are necessary
or desirable to such end;

                  c. Permit DeLuca or any agent thereof to have access to the
Inventory and Equipment for purposes of inspection during normal business hours
and upon reasonable notice to Company;

                  d. Promptly notify DeLuca in writing of any material loss or
damage to the Inventory or Equipment;

                  e. Not sell, assign, lease, mortgage, transfer or otherwise
dispose of any interest in the Inventory or Equipment, except in the ordinary
course of business;

                  f. Not use or permit the Inventory or Equipment to be used for
any unlawful purpose or in violation of any law or for hire;

                  g. Not permit the Equipment to become a part of or to be
affixed to any real property of any person;

                  h. Advise DeLuca of all Trademarks, Patents and Copyrights or
applications for or registration of the same, created or obtained by Company on
or after the date of this Security Agreement; and

                  i. Take all reasonable steps to maintain and enforce the
Trademarks, Patents and Copyrights material to the conduct of its business,
including but not limited to (1) payment of all fees, (2) prosecuting infringers
if failure to do so would materially and adversely affect the business of
Company and (3) diligently pursuing any application or registration material to
the business of Company.

         7. Insurance.

                  a. Company shall, at its own expense, maintain insurance with
respect to the Equipment and Inventory in such amounts, against such risks, in
such form and with such insurers, as is reasonable for a company of like size
and like business.

6
<PAGE>
                  b. Reimbursement under any liability insurance maintained by
Company pursuant to this Section 7 may be paid directly to the person who shall
have incurred liability covered by such insurance. In case of any loss involving
damage to Equipment or Inventory when subsection (c) of this Section 7 is not
applicable, Company shall make or cause to be made the necessary repairs to or
replacements of such Equipment or Inventory, and any proceeds of insurance
maintained by Company pursuant to this Section 7 shall be paid to Company as
reimbursement for the costs of such repairs or replacements.

                  c. Upon the occurrence of an Event of Default under the New
Loan Agreement, the New Note or herein (an "Event of Default"), all insurance
payments in respect of such Equipment or Inventory shall be paid to DeLuca.

         8. As to Receivables.

                  a. Company shall keep the Receivables at its chief place of
business and chief executive office and the office where it keeps its records
concerning the Receivables, at the location therefor specified in Schedule 1
hereto or, upon 30 days' prior written notice to DeLuca, at such other locations
in a jurisdiction where all action required by Section 5 shall have been taken
with respect to Receivables. Company will hold and preserve such records and
will permit representatives of DeLuca to inspect and make abstracts from such
records.

                  b. Except as otherwise provided in this subsection (b),
Company shall continue to collect, at its own expense, all amounts due or to
become due to Company under the Receivables. In connection with such
collections, Company may take (and, at the discretion of DeLuca, shall take)
such action as Company or DeLuca may deem necessary or advisable to enforce
collection of the Receivables; provided, however, that DeLuca shall have the
right at any time, upon the occurrence and during the continuance of an Event of
Default under the New Loan Agreement, the New Note or herein, upon written
notice to Company of its intention to do so, to notify the account debtors or
obligors under any Receivables of the assignment of such Receivables to DeLuca
and to direct such account debtors or obligors to make payment of all amounts
due or to become due to Company thereunder directly to DeLuca and, upon such
notification and at the expense of Company, to enforce collection of any such
Receivables, and to adjust, settle or compromise the amount or payment thereof,
in the same manner and to the same extent as Company might have done. After
receipt by Company of the notice from DeLuca referred to in the proviso to the
preceding sentence and as long as there is an Event of Default under the New
Loan Agreement, the New Note or herein, (i) all amounts and proceeds (including
instruments) received by Company in respect of the Receivables shall be received
in trust for the benefit of DeLuca hereunder, shall be segregated from other
funds of Company and shall be forthwith paid over to DeLuca in the same form as
so received (with any necessary endorsement) to be held as cash collateral, or
be applied as provided by Section 13(b), as determined by DeLuca, and (ii)
Company shall not adjust,

7
<PAGE>
settle or compromise the amount or payment of any Receivable, or release wholly
or partly any account debtor or obligor thereof, or allow any credit or discount
thereon, other than any discount allowed for prompt payment.

         9. Transfer and Other Liens. Company shall not:

                  a. Sell, assign (by operation of law or otherwise) or
otherwise dispose of any of the Collateral, except in the ordinary course of
business.

                  b. Except for purchase money financing liens in the ordinary
course of business or statutory liens in the ordinary course of business, create
or suffer to exist any Lien upon or with respect to any of the Collateral to
secure debt of any person.

         10. DeLuca Appointed Attorney-in-Fact. Company hereby irrevocably
appoints DeLuca as Company's attorney-in-fact, with full authority in the place
and stead of Company and in the name of Company, DeLuca or otherwise, to, after
the occurrence and during the continuance of an Event of Default under the New
Loan Agreement, the New Note or herein, take any action and to execute any
instrument which DeLuca may deem necessary or advisable to accomplish the
purposes of this Security Agreement, including, without limitation:

                  a. to obtain and adjust insurance required to be paid to
DeLuca pursuant to Section 7;

                  b. to ask, demand, collect, sue for, recover, compromise,
receive and give acquittance and receipts for moneys due and to become due under
or in respect of any of the Collateral;

                  c. to receive, endorse, assign, and collect any and all
checks, notes, drafts and other negotiable and non-negotiable instruments,
documents and chattel paper, in connection with clause (a) or (b) above, and
Company waives notice of presentment, protest and non-payment of any instrument,
document or chattel paper so endorsed or assigned;

                  d. to file any claims or take any action or institute any
proceedings which DeLuca may deem necessary or desirable for the collection of
any of the Collateral or otherwise to enforce the rights of DeLuca with respect
to any of the Collateral; and

                  e. to sell, transfer, assign or otherwise deal in or with the
Collateral or the proceeds or avails thereof, as fully and effectually as if
DeLuca were the absolute owner thereof.

                  Company hereby ratifies and approves all acts, other than
those which result from DeLuca's gross negligence or willful misconduct, of
DeLuca, as its attorney in-fact,

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<PAGE>
pursuant to this Section 10; and DeLuca, as its attorney in-fact, will not be
liable for any acts of commission or omission, nor for any error of judgment or
mistake of fact or law other than those which result from DeLuca's gross
negligence or willful misconduct. This power, being coupled with an interest, is
irrevocable so long as this Security Agreement remains in effect.

                  Company also authorizes DeLuca, at any time and from time to
time, after the occurrence and during the continuance of an Event of Default
under the New Loan Agreement, the New Note or herein, to communicate in its own
name with any party to any contract, agreement or instrument included in the
Collateral with regard to the assignment of such contract, agreement or
instrument and other matters relating thereto.

         11. DeLuca May Perform. If Company fails to perform any agreement
contained herein, DeLuca may itself perform, or cause performance of, such
agreement, and the expenses of DeLuca incurred in connection therewith shall be
payable by Company under Section 14(b).

         12. DeLuca's Duties. The powers conferred on DeLuca hereunder are
solely to protect its interest in the Collateral and shall not impose any duty
upon it to exercise any such powers. Except for the safe custody of any
Collateral in its possession and the accounting for moneys actually received by
it hereunder, DeLuca shall not have any duty as to any Collateral or as to the
taking of any necessary steps to preserve rights against prior parties or any
other rights pertaining to any Collateral.

         13. Remedies. If any Event of Default shall have occurred under the
Loan Agreement, the New Note or herein, then during the continuance of such
Event of Default:

                  a. DeLuca may exercise in respect of the Collateral, in
addition to other rights and remedies provided for herein or otherwise available
to it, all the rights and remedies of a DeLuca on default under the Uniform
Commercial Code (the "Code") (whether or not the Code applies to the affected
Collateral) and also may (i) require Company to, and Company hereby agrees that
it will at its expense and upon the request of DeLuca forthwith, assemble all or
part of the Collateral as directed by DeLuca and make it available to DeLuca at
a place to be designated by DeLuca which is reasonably convenient to both
parties and (ii) to enter the premises where any of the Collateral is located
and take and carry away the same, by any of its representatives, with or without
legal process, to DeLuca's place of storage, and (iii) without notice except as
specified below, sell the Collateral or any part thereof in one or more parcels
at public or private sale, at any of DeLuca's offices or elsewhere, for cash, on
credit or for future delivery and upon such other terms as DeLuca may deem
commercially reasonable. Company agrees that, to the extent notice of sale shall
be required by law, at least five (5) days' notice to Company of the time and
place of any public or private sale is to be made shall constitute reasonable
notification. DeLuca shall not be obligated to make any sale of Collateral
regardless of notice of sale having been given. DeLuca may adjourn any public or
private

9
<PAGE>
sale from time to time by announcement at the time and place fixed
therefor, and such sale may, without further notice, be made at the time and
place it was so adjourned.

                  b. All cash proceeds received by DeLuca in respect of any sale
of, collection from, or other realization upon all or any part of the Collateral
may, in the discretion of DeLuca, be held by DeLuca as collateral for, and/or
then or at any time thereafter applied (after payment of any amounts payable to
DeLuca pursuant to Section 14) in whole or in part by DeLuca against, all or any
part of the obligations under the New Loan Agreement and the New Note in such
order as DeLuca shall elect. Any surplus of such cash or cash proceeds held by
DeLuca and remaining after the obligations under the New Loan Agreement and the
New Note have been satisfied shall be paid over to Company. If the proceeds of
the sale of the Collateral are insufficient to satisfy the obligations under the
New Loan Agreement, the Company agrees to pay upon demand any deficiency to
DeLuca.

         14. Indemnity and Expenses.

                  a. Company agrees to indemnify DeLuca from and against any and
all claims, losses and liabilities arising out of or resulting from this
Security Agreement (including, without limitation, enforcement of this Security
Agreement), except claims, losses or liabilities resulting from DeLuca's gross
negligence or willful misconduct.

                  b. Company will upon demand pay to DeLuca the amount of any
and all expenses, including the reasonable fees and out of pocket disbursements
of its counsel and of any experts and agents, which DeLuca may incur in
connection with (i) filing or recording fees incurred in connection with this
Security Agreement, (ii) the custody, preservation, use or operation of, or the
sale of, collection from, or other realization upon, any of the Collateral,
(iii) the exercise or enforcement of any of the rights of DeLuca, or (iv) the
failure by Company to perform or observe any of the provisions hereof. DeLuca
shall not be liable to Company for damages as a result of delays, temporary
withdrawals of the Equipment from service or other causes other than those
caused by DeLuca's gross negligence or willful misconduct.

         15. Continuing Security Interest. This Security Agreement shall create
a continuing security interest in the Collateral and shall (a) remain in full
force and effect until satisfaction of the obligations under the New Loan
Agreement and the New Note, (b) be binding upon Company, its successors and
assigns, and (c) inure to the benefit of DeLuca and its successors, transferees
and assigns. Upon the satisfaction of all obligations under the New Loan
Agreement and the New Note, the security interest granted hereby shall terminate
and all rights to the Collateral shall revert to Company. Upon any such
termination, DeLuca will, at Company's expense, execute and deliver to Company
such Uniform Commercial Code termination statements and such other documentation
as Company shall reasonably request to effect the termination and release of the
Liens on the Collateral.

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<PAGE>
         16. No Third-Party Beneficiaries. This Security Agreement shall not
confer any rights or remedies upon any person other than the parties and their
respective successors and permitted assigns.

         17. Entire Agreement. This Security Agreement (including the documents
referred to herein) constitutes the entire agreement among the parties and
supersedes any prior understandings, agreements, or representations by or among
the parties, written or oral, to the extent they have related in any way to the
subject matter hereof.

         18. Succession and Assignment. This Security Agreement shall be binding
upon and inure to the benefit of the parties named herein and their respective
successors and permitted assigns. No party may assign the New Loan Agreement,
this Security Agreement, or any of the rights, interests, or obligations
thereunder or hereunder without the prior written approval of the other party.

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

         20. Headings. The section headings contained in this Security Agreement
are inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Security Agreement.

         21. Notices. All notices, requests, demands, claims, and other
communications hereunder will be in writing. Any notice, request, demand, claim,
or other communication hereunder shall be deemed duly given if (and then two
business days after) it is sent by registered or certified mail, return receipt
requested, postage prepaid, and addressed to the intended recipient as set forth
below:

         If to Company:                     Copy to:

         Visual Data Corporation            Adorno & Yoss, P.A.
         1291 SW 29th Avenue                Suite 1700
         Pompano Beach, Florida 33069       350 East Las Olas Boulevard
         Facsimile: (954) 917-6660          Fort Lauderdale, FL 33301
         Attn:  Randy Selman                Facsimile:  (954) 766-7800
                                            Attn:  Joel D. Mayersohn, Esq.

         If to DeLuca:                      Copy to:

         Frederick A. DeLuca                Legal Department
         c/o Doctor's Associates, Inc.      Doctor's Associates,Inc.
         325 Bic Drive                      325 Bic Drive

11
<PAGE>
         Milford, Connecticut  06460        Milford, Connecticut 06460
         Attn:                              (203) 876-6690

Any party may send any notice, request, demand, claim, or other communication
hereunder to the intended recipient at the address set forth above using any
other means (including personal delivery, expedited courier, messenger service,
telecopy, ordinary mail, or electronic mail), but no such notice, request,
demand, claim, or other communication shall be deemed to have been duly given
unless and until it actually is received by the intended recipient. Any party
may change the address to which notices, requests, demands, claims, and other
communications hereunder are to be delivered by giving the other parties notice
in the manner herein set forth.

         22. Governing Law. This Security Agreement shall be governed by and
construed in accordance with the domestic laws of the State of Florida and any
action shall be brought in a federal or state court located in Broward County,
Florida.

         23. Amendments and Waivers. No amendment of any provision of this
Security Agreement shall be valid unless the same shall be in writing and signed
by both Company and DeLuca. No waiver by any party of any default,
misrepresentation, or breach of warranty or covenant hereunder, whether
intentional or not, shall be deemed to extend to any prior or subsequent
default, misrepresentation, or breach of warranty or covenant hereunder or
affect in any way any rights arising by virtue of any prior or subsequent such
occurrence.

         24. Severability. Any term or provision of this Security Agreement that
is invalid or unenforceable in any situation in any jurisdiction shall not
affect the validity or enforceability of the remaining terms and provisions
hereof or the validity or enforceability of the offending term or provision in
any other situation or in any other jurisdiction.

         25. Construction. The parties have participated jointly in the
negotiation and drafting of this Security Agreement. In the event an ambiguity
or question of intent or interpretation arises, this Security Agreement shall be
construed as if drafted jointly by the parties and no presumption or burden of
proof shall arise favoring or disfavoring any party by virtue of the authorship
of any of the provisions of this Security Agreement.

         IN WITNESS WHEREOF, the parties hereto have executed this Security
Agreement on the date first above written.

                                              Visual Data Corporation

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

                                              /s/ Frederick A. DeLuca
                                              -----------------------------
                                              Frederick A. DeLuca

12

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