Document:

Exhibit 10.1

<PAGE>

                              WAIVER AND AMENDMENT
                              --------------------

     WAIVER AND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment") is entered into as of June 25, 2002, by and among HAUSER, INC., a
Delaware corporation (the "Company"), HAUSER TECHNICAL SERVICES, INC., a
Delaware corporation, BOTANICALS INTERNATIONAL EXTRACTS, INC., a Delaware
corporation, and ZETAPHARM, INC., a New York corporation, (collectively, the
"Borrowers"), and WELLS FARGO BANK, N.A. (the "Lender").

                                    RECITALS
                                    --------

     WHEREAS, the Borrowers are currently indebted to the Lender pursuant to the
terms and conditions of that certain Amended and Restated Credit Agreement dated
as of December 7, 2001 (the "Current Agreement"; as amended hereby and from time
to time, the "Agreement"); and

     WHEREAS, the Lender and the Borrowers have agreed to certain changes in the
terms and conditions set forth in the Current Agreement and have agreed to amend
the Current Agreement to reflect said changes.

     NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree that the Current
Agreement shall be amended as follows:

     A. Amendments.

     1. In Section 1.01 of the Current Agreement, the defined term "Maturity
Date" is amended by replacing the phrase "August 31, 2003" with the phrase
"August 31, 2002" and by replacing the phrase "June 30, 2002" with the phrase
"August 31, 2002".

     2. In Section 1.01 of the Current Agreement, the defined term "Revolving
Credit Facility Availability Period" is amended by replacing the phrase "August
31, 2003" with the phrase "August 31, 2002".

     3. Section 2.06 of the Current Agreement is amended by replacing the phrase
"August 31, 2003" with the phrase "August 31, 2002".

     4. Section 6.07(a) of the Current Agreement shall be deleted in its
entirety and replaced with the following:

          "The Borrowers shall not permit the Consolidated
          Tangible Net Worth (i) at the end of the fiscal
          quarter

<PAGE>

          of the Company ending December 31, 2001 to be less
          than $2,400,000; at the end of the fiscal quarter
          of the Company ending March 31, 2002 to be less
          than $2,300,000; and at the end of the fiscal
          quarter of the Company ending June 30, 2002 to be
          less than $1,900,000".

     5. Section 6.07(b) of the Current Agreement shall be deleted in its
entirety and replaced with the following:

          "The Borrowers will not permit the Consolidated
          Operating Cash Flow to be less than: negative
          $1,900,000 at the end of the fiscal quarter of the
          Company ending December 31, 2001; negative
          $1,400,000 at the end of the fiscal quarter of the
          Company ending March 31, 2002; and negative
          $100,000 at the end of the fiscal quarter of the
          Company ending June 30, 2002".

     B. Waivers.
        -------

     1. The Lender hereby waives, for the Company's fiscal quarters ending
December 31, 2001 and March 31, 2002 only, compliance by the Borrowers with
their covenant contained in Section 6.07(b) of the Agreement, as in effect prior
to this Amendment.

     2. The Lender hereby waives compliance by the Borrowers with their covenant
contained in Section 2.07 of the Credit Agreement as in effect prior to this
Amendment.

     C. Conditions. This Amendment shall not become effective until the date on
which the Borrowers shall have (i) delivered to the Lender a duly executed Term
Note and duly executed Revolving Credit Note, each substantially in the form
attached hereto as Exhibit A and Exhibit B, respectively, and (ii) paid or
reimbursed the Lender for all of the Lender's costs and expenses, including a
restructuring fee of $22,000, and fees and disbursements of outside counsel and
allocated in-house counsel, in connection with, or related to, the negotiating
and execution and effectiveness of this Agreement, other than the Additional
Restructuring Fee described below.

     D. Additional Restructuring Fee. On or prior to July 31, 2002, the
Borrowers shall pay the Lender an additional restructuring fee of $22,000 (the
"Additional Restructuring Fee"); provided that if the Borrowers, on or after the
date hereof and on or prior to July 31, 2002, have made a principal pre-payment
to Lender under the Term Note in the amount of $6,000,000, the Additional
Restructuring Fee shall be waived.

<PAGE>

Borrowers acknowledge that a failure to pay the Additional Restructuring Fee,
unless it is waived in accordance with the preceding sentence, shall constitute
an Event of Default under the Credit Agreement.

     E. General. Except as specifically provided herein, all terms and
conditions of the Agreement remain in full force and effect, without waiver or
modification. All terms defined in the Agreement shall have the same meaning
when used in this Amendment. This Amendment shall be effective upon delivery by
the Lender to the Borrowers of an executed counterpart original or facsimile
copy.

     The Borrowers hereby remake all representations and warranties contained in
the Agreement and reaffirm all covenants set forth therein. The Borrowers
further certify that as of the date of this Amendment, giving effect to the
provisions hereof, there exists no Event of Default as defined in the Agreement,
nor any condition, act or event which with the giving of notice or the passage
of time or both would constitute any such Event of Default.

                           [INTENTIONALLY LEFT BLANK]

<PAGE>

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

HAUSER, INC.                             WELLS FARGO BANK, N.A.

By:  /s/  Kenneth C. Cleveland           By:  /s/  Art Brokx
   -----------------------------              -----------------
Name:   Kenneth Cleveland                 Name:   Art Brokx
Title:  President                         Title:  Vice President

HAUSER TECHNICAL SERVICES, INC.

By:  /s/  Thomas W. Hanlon
     ---------------------------
Name:   Thomas W. Hanlon
Title:  Secretary and Treasurer

BOTANICALS INTERNATIONAL EXTRACTS, INC.

By:  /s/  Kenneth C. Cleveland
     ---------------------------
Name:   Kenneth C. Cleveland
Title:  Chief Executive Officer

ZETAPHARM, INC.

By:  /s/  Thomas W. Hanlon
     ---------------------------
Name:   Thomas W. Hanlon
Title:  Secretary and TreasurerExhibit 10.2

<PAGE>

                                    TERM NOTE

$7,804,438                                               Los Angeles, California
                                                                   June 25, 2002

     FOR VALUE RECEIVED, the undersigned, HAUSER, INC., a Delaware corporation,
HAUSER TECHNICAL SERVICES, INC., a Delaware Corporation, BOTANICALS
INTERNATIONAL EXTRACTS, INC., a Delaware corporation, ZETAPHARM, INC., a New
York corporation, (collectively, the "Borrowers"), hereby jointly and severally,
unconditionally promise to pay to the order of Wells Fargo Bank, National
Association (the "Lender"), at c/o Wells Fargo HSBC Trade Bank, N.A., 333 South
Grand Avenue, 8th Floor, Los Angeles, California 90071, or at such other place
as the holder of this Note may direct, (i) on each of December 31, 2001, January
31, 2002, February 28, 2002, March 31, 2002, April 30, 2002, May 31, 2002, June
30, 2002, and July 31, 2002, the principal sum of TWENTY THOUSAND DOLLARS
($20,000); and (ii) on August 31, 2002 (the "Maturity Date") the principal
amount of SIX MILLION FOUR HUNDRED FORTY EIGHT THOUSAND SEVEN HUNDRED SEVENTY
DOLLARS ($6,448,770) or such other amount as represents the aggregate unpaid
principal amount of the Term Loan made by the Lender pursuant to the Credit
Agreement, in each case in lawful money of the United States of America and in
immediately available funds. The Borrowers further agree, jointly and severally,
to pay interest on the unpaid principal amount outstanding hereunder from time
to time from the date hereof in like money at such office at at a rate per annum
equal to the Prime Rate plus a margin of three percent (3%). Interest shall
accrue hereunder from the date of each advance until the date of payment, shall
be calculated on the basis of a year of three hundred sixty (360) days and shall
be payable for the actual number of days elapsed (including the first day but
excluding the last day). Interest shall be payable in arrears on the last day of
each calendar month and on the Maturity Date. In the event of any repayment or
prepayment of any Loan, accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment.

     If any principal of or interest on any Loan or any fee or other amount
payable by the Borrowers hereunder or under the Credit Agreement is not paid
when due, whether at stated maturity, upon acceleration or otherwise, such
overdue amount shall bear interest, after as well as before judgment, at a rate
per annum equal to two percent (2%) plus the rate provided above in this Note.

     This Note amends, restates and replaces the Term Note previously issued by
Borrower and referred to in the Amended and Restated Credit Agreement by and
between the Borrower and the Lender dated as of December 7, 2001, as amended
(the "Credit Agreement"), is secured as provided therein and in the Security
Documents and is subject to optional and mandatory prepayment as set forth in
the Credit Agreement.

<PAGE>

     Upon the occurrence of any one or more of the Events of Default specified
in the Credit Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable, all as provided
in the Credit Agreement.

     All parties now and hereafter liable with respect to this Note, whether
maker, principal, surety, guarantor, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.

     Terms defined in the Credit Agreement are used herein with their defined
meanings unless otherwise defined herein. This Note shall be governed by, and
construed and interpreted in accordance with, the laws of the State of
California.

     The holder of this Note is authorized from time to time to debit any
accounts maintained by any Borrower with such holder for any and all amounts
payable by the Borrowers hereunder.

     This Note may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a single contract.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Term Note to be
duly executed by their respective authorized officers as of the day and year
first above written.

HAUSER, INC.

By:  /s/  Kenneth C. Cleveland
     ---------------------------
Name:   Kenneth C. Cleveland
Title:  Chief Executive Officer

HAUSER TECHNICAL SERVICES, INC.

By:  /s/  Thomas W. Hanlon
     ---------------------------
Name:   Thomas W. Hanlon
Title:  Secretary and Treasurer

BOTANICALS INTERNATIONAL EXTRACTS, INC.

By:  /s/  Kenneth C. Cleveland
     ---------------------------
Name:   Kenneth C. Cleveland
Title:  Chief Executive Officer

ZETAPHARM, INC.

By:  /s/  Thomas W. Hanlon
     ---------------------------
 Name:   Thomas W. Hanlon
 Title:  Secretary and Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]