Document:

Exhibit 10.1

                              CONSULTING AGREEMENT

                     This Consulting Agreement ("AGREEMENT") is entered into by
and between Michael E. Faherty ("CONSULTANT") and Giga Information Group, Inc.
("COMPANY") dated as of July 18, 2001.

                     CONSULTANT has been requested by COMPANY to provide
consulting services and advice as requested by COMPANY in accordance with the
terms, covenants and conditions set forth below.

                     In consideration of the following terms, covenants and
conditions, the parties agree as follows:

                     1. Term. The term of this AGREEMENT shall be the period
commencing on July 18, 2001 and ending on July 17, 2003, or until completion of
the project/assignment set forth in paragraph 2, whichever date is earlier.
Either party may also terminate this AGREEMENT upon not less than sixty (60)
days' prior written notice to the other.

                     2. Services. CONSULTANT agrees to serve as a consultant to
COMPANY during the term of this AGREEMENT, to provide advice, guidance and
knowledge related to strategy and executive management as reasonably required by
COMPANY. CONSULTANT shall allocate an average minimum of 15 hours per month to
his consulting services hereunder. Nothing contained herein shall preclude
CONSULTANT from representing, performing services for or being employed by such
additional clients, persons or companies (other than a competitor of COMPANY as
CONSULTANT in his sole discretion sees fit, so long as such activities do not
conflict or interfere with CONSULTANT'S performance under this AGREEMENT.

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                     3. Independent Contractor. CONSULTANT shall be an
independent contractor in the making and performance of this AGREEMENT and is
not, and shall not be construed to be, an employee, agent or servant of COMPANY.
COMPANY shall have no liability whatsoever for withholding, collection or
payment of income taxes or for taxes of any other nature on behalf of
CONSULTANT, and CONSULTANT hereby agrees to indemnify COMPANY for any liability,
cost or expense incurred by COMPANY as a result of COMPANY's failure to
withhold. Under no circumstances shall CONSULTANT have or claim to have power of
decision hereunder in any activity on behalf of COMPANY, nor shall he have the
power or authority hereunder to obligate, bind or commit COMPANY in any respect.
It is specifically understood that COMPANY shall not, with respect to
CONSULTANT'S services, exercise or have the power to exercise such control over
CONSULTANT as would indicate or establish that a relationship of employer and
employee exists between CONSULTANT and COMPANY. CONSULTANT is free to engage at
CONSULTANT'S expense such other employees or agents of CONSULTANT that
CONSULTANT deems necessary for the satisfactory completion of the
project/assignment set forth in Paragraph 2, provided that any such employees or
agents first execute COMPANY'S standard form of Confidential and Proprietary
Information, Trade Secrets and Non-Solicitation Agreement. The parties further
agree that CONSULTANT shall have the right to control the manner and means by
which the contracted project/assignment is achieved, subject only to the
satisfaction of COMPANY as to the quality, effectiveness and timeliness of the
required results.

                     4. Expenses. COMPANY agrees to reimburse CONSULTANT for
reasonable travel, living and related expenses incurred by CONSULTANT when

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requested by Company to travel hereunder, upon submission of appropriate
documentation. Airplane travel may be First Class.

                     5. Stock Option. CONSULTANT shall receive on the date
hereof a five-year, non-qualified stock option for 15,000 shares of COMPANY
Common Stock under COMPANY's 1999 Share Incentive Plan, having an exercise price
equal to the Fair Market Value of the Common Stock at the time of grant, and in
accordance with a customary grant letter to be entered into with CONSULTANT. The
option will provide for immediate vesting and be subject to the terms and
conditions of COMPANY'S 1999 Share Incentive Plan.

                     6. Confidential Information. CONSULTANT understands and
acknowledges that during the term of this AGREEMENT he may have access to and
become acquainted with certain confidential information and trade secrets, which
are private or confidential in that they are not generally known or available to
the public, or give COMPANY, and its subsidiaries and related companies, an
opportunity to obtain an advantage over competitors who do not know or use such
information. CONSULTANT agrees that he shall not disclose any such confidential
information or trade secrets to any person or entity, either directly or
indirectly, or use said confidential information or trade secrets for his
personal benefit or in any other way, except in the performance of CONSULTANT'S
responsibilities set forth in this AGREEMENT. However, this obligation will not
apply to information which is or becomes publicly available without fault on the
part of CONSULTANT, is already in CONSULTANT'S possession prior to the time
CONSULTANT gains access to the data under this AGREEMENT, is independently
developed by CONSULTANT, or is rightfully obtained from third parties. Upon

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termination of this AGREEMENT, CONSULTANT shall return to COMPANY all copies of
all data, materials and documents that belong to COMPANY (whether or not such
data, materials or documents were prepared by COMPANY, the CONSULTANT or
others).

                     7. Proprietary Rights. (a) CONSULTANT agrees that if any
inventions, discoveries or improvements are conceived, first reduced to
practice, made or developed in anticipation of, in the course of, or as a result
of, work performed under this AGREEMENT, CONSULTANT will assign to COMPANY the
CONSULTANT'S entire right, title and interest in and to such inventions,
discoveries and improvements, and any patents that may be granted in any country
of the world. CONSULTANT further agrees that, without charge to COMPANY or its
designee, CONSULTANT will sign all papers and do all acts which may be
necessary, desirable or convenient to enable COMPANY at its expense to file and
prosecute applications for patents on such inventions, discoveries and
improvements, and to maintain any such patents granted.

                     (b) The entire right, title and interest, including
copyright, in all original works of authorship fixed in any tangible medium or
expression originated and developed by CONSULTANT as a part of the work covered
by this AGREEMENT shall be transferred to and vested in COMPANY. The parties
expressly agree to consider as works made for hire those works ordered or
commissioned by COMPANY which qualify as such in accordance with the copyright
laws. For all such original works, CONSULTANT agrees to provide documentation
satisfactory to COMPANY to assure the conveyance of all such right, title and
interest, including copyright, to COMPANY. The cost of conveying such rights
shall be at COMPANY'S expense. In the event the work is deemed not to be a work

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for hire, CONSULTANT irrevocably transfers, assigns and conveys the exclusive
copyright ownership to COMPANY, free and clear of any liens, claims, or other
encumbrances to the fullest extent permitted by law.

                     (c) CONSULTANT agrees to disclose and furnish promptly to
COMPANY any and all technical information, computer or other apparatus programs,
specifications, drawings, records, documentation, works of authorship or other
creative works, ideas, knowledge or data, written, oral or otherwise expressed,
originated or developed by CONSULTANT, as a result of work performed under or in
anticipation of this AGREEMENT. CONSULTANT further agrees that all such
information shall be the property of COMPANY, shall be used only in providing
services under this AGREEMENT, and may not be used for other purposes, except
upon such terms as may be agreed upon by COMPANY in writing.

                     (d) CONSULTANT warrants the originality of the work
prepared for COMPANY under this AGREEMENT, its disclosure to COMPANY
exclusively, and that no portion of the work prepared for COMPANY under this
AGREEMENT is derived from any work owned by another party. If such information
includes materials previously developed or copyrighted by CONSULTANT and not
originated or developed under this AGREEMENT, CONSULTANT grants and agrees to
grant to COMPANY any unrestricted, royalty-free license to use and copy such
materials.

                     (e) CONSULTANT warrants that the use of any work product,
or any part thereof, furnished under this AGREEMENT by CONSULTANT to COMPANY,
will not infringe any U.S. patent, copyright, trade secret or other proprietary
right and that he is not currently bound by any other agreement, restriction or

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obligation and will not assume such obligation or restriction which would in any
way interfere or would be inconsistent with the services to be provided to
COMPANY under this AGREEMENT.

                     8. Governing Law. This AGREEMENT shall in all respects be
interpreted, enforced and governed under the laws of the Commonwealth of
Massachusetts.

                     9. Arbitration. (a) All disputes between CONSULTANT (and
his attorneys, successors and assigns) and COMPANY (and its affiliates,
shareholders, directors, officers, employees, agents, successors, attorneys, and
assigns) relating in any manner to any and all disputes arising out of or
relating to this AGREEMENT or the interpretation or breach thereof ("Arbitrable
Claims") shall be resolved by arbitration. All persons and entities specified in
the preceding sentence (other than COMPANY and CONSULTANT) shall be considered
third-party beneficiaries of the rights and obligations created by this Section
on Arbitration. Arbitrable Claims shall include, but are not limited to,
contract (express or implied) and tort claims of all kinds, as well as all
claims based on any federal, state, or local law, statute, or regulation,
excepting only claims under applicable workers' compensation law and
unemployment insurance claims. Arbitration shall be final and binding upon the
parties and shall be the exclusive remedy for all Arbitrable Claims, except that
COMPANY may, at its option, seek injunctive relief and damages in court for any
breach of Sections 6 and 7 of this AGREEMENT. Subject to the foregoing sentence,
THE PARTIES HEREBY WAIVE ANY RIGHTS THEY MAY HAVE TO TRIAL BY JURY IN REGARD TO
ARBITRABLE CLAIMS.

                     (b) Arbitration of Arbitrable Claims shall be in accordance
with the Employment Dispute Resolution Rules of the American Arbitration
Association ("AAA Employment Rules"), except as provided otherwise in this

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AGREEMENT. In any arbitration, the burden of proof shall be allocated as
provided by applicable law. Either party may bring an action in court to compel
arbitration under this AGREEMENT and to enforce an arbitration award. Otherwise,
neither party shall initiate or prosecute any lawsuit or administrative action
in any way related to any Arbitrable Claim. All arbitration hearings under this
AGREEMENT shall be conducted at the COMPANY office or branch where this
AGREEMENT was executed or, in the event the branch is no longer in operation, at
the COMPANY office geographically closest to the place where this Agreement was
executed. The Federal Arbitration Act shall govern the interpretation and
enforcement of this Section. The fees of the arbitrator shall be split between
both parties equally. All proceedings and all documents prepared in connection
with any Arbitrable Claim shall be confidential and, unless otherwise required
by law, the subject matter thereof shall nor be disclosed to any person other
than the parties to the proceedings, their counsel, witnesses and experts, the
arbitrator, and, if involved, the court and court staff.

                     10. Survival. The rights and obligations of CONSULTANT and
COMPANY set forth in Sections 4, 6, 7 and 9 shall survive the expiration or
termination of this AGREEMENT.

                     11. Entire Agreement; Amendments. This AGREEMENT sets forth
the entire agreement between the parties and fully supersedes any and all prior
agreements or understandings between the parties relating to the subject matter
hereof. Any amendment or modification to this AGREEMENT must be made in writing
and signed by both parties. Nothing contained herein shall affect CONSULTANT'S

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rights or obligations as a director of COMPANY or any other compensation he may
receive in such capacity.

                     12. Counterparts. This AGREEMENT may be executed in several
counterparts, each of which shall be deemed to be an original but all of which
taken together shall constitute one and the same instrument.

                     13. Notices. All notices under this AGREEMENT shall be in
writing and delivered in person or sent by telefax or by registered mail,
charges prepaid. Any notice given hereunder shall be deemed to be received and
effective (i) on the date of such delivery or (ii) on the date of receipt of
confirmation by answerback, in the case of telefax, in each case to the
appropriate address or telefax number set forth below (or to such other
addresses or telefax numbers as a party may designate as to itself by notice to
the other party):

                     If to COMPANY:

                               Giga Information Group, Inc.
                               One Longwater Circle
                               Norwell, Massachusetts  02061
                               Telefax:  (781) 871-4098
                               Attention:  Victoria M. Lynch

                     If to CONSULTANT:

                               6133 Highgate Lane
                               Dallas, TX  75214
                               Telefax:  214-691-4420

                     14. Assignability. CONSULTANT may not assign, transfer,
pledge, encumber or hypothecate this AGREEMENT, or any of his rights hereunder
(whether by operation of law or otherwise), and this AGREEMENT shall not be
subject to execution, attachment or similar proceeding. Any attempted
assignment, transfer, pledge, encumbrance, hypothecation or other disposition of

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this AGREEMENT, contrary to the provisions hereof, and the levy of any
attachment or similar proceeding upon this AGREEMENT, or CONSULTANT'S rights
hereunder, shall be null and void and without effect, but the benefits and
obligations of CONSULTANT hereunder shall inure to the benefit of and shall be
binding upon his heirs, executors, administrators, and legal representatives.
This AGREEMENT shall inure to the benefit of and shall be binding upon COMPANY
and its successors.

                     IN WITNESS WHEREOF, the parties hereto have executed this
AGREEMENT on the day and year first above written, subject to ratification by
the Board of Directors of the COMPANY.

Michael E. Faherty

6133 Highgate Lane
Dallas, TX  75214

/s/ M.E. FAHERTY
----------------------------------------
Date:  7/18/01
       ---------------------------------

Giga Information Group, Inc.
One Longwater Circle
Norwell, Massachusetts  02061

By:  /s/ V.M. LYNCH
     -----------------------------------
Name:  Victoria M. Lynch
       ---------------------------------
Title:  Sr. V.P. CFO
        --------------------------------
Date:  7/18/01
       ---------------------------------

                                       9Exhibit 10.2

                   LOAN MODIFICATION AND FORBEARANCE AGREEMENT

                     This Loan Modification and Forbearance Agreement (this
"Agreement") is entered into as of August 31, 2001, by and between GIGA
INFORMATION GROUP, INC. ("Borrower") and Silicon Valley Bank ("Bank").

1. DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be
owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other
documents, an Accounts Receivable Financing Agreement dated April 7, 2000, as
may be amended from time to time, (the "Loan Agreement"). Hereinafter the Loan
Agreement shall be referred to as the "Loan Agreement." Defined terms used but
not otherwise defined herein shall have the same meanings as in the Loan
Agreement.

Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as
the "Indebtedness."

2. DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is
secured by the Collateral as described in the Loan Agreement.

Hereinafter, the above-described security documents and guaranties, together
with all other documents securing repayment of the Indebtedness shall be
referred to as the "Security Documents." Hereinafter, the Security Documents,
together with all other documents evidencing or securing the Indebtedness shall
be referred to as the "Existing Loan Documents."

3. FORBEARANCE. Bank agrees to forebear until October 31, 2001 from exercising
its remedies under the Existing Loan Documents, notwithstanding Borrower's
existing default under the Loan Agreement as a result of Borrower's failure to
(i) maintain the Adjusted Quick Ratio and (ii) increase the annual value of its
contract value of subscriptions on a quarterly basis (the foregoing being
referred to as "Existing Defaults") or any future breaches under the Existing
Loan Documents, as modified by this Loan Modification and Forbearance Agreement
(as so modified, the "Loan Documents").

By signing below, the Borrower acknowledges that they are currently in default
and as a result of such default, (i) effective September 1, 2001 and until the
earlier of Borrower being in compliance with the Existing Defaults or Bank's
waiver of the Existing Defaults the Finance Charge and Collateral Handling Fee
shall be increased to the default rates defined in Sections 3.2 and 3.5 and (ii)
Bank is entitled to exercise its remedies as provided in the Existing Loan
Documents and as provided under applicable law. Nothing in this Agreement in any
way shall constitute Bank's waiver of Borrower's Existing Defaults.

A breach by Borrower of any of the terms set forth in this Agreement or the
occurrence of any default (other than the Existing Defaults) under the Existing
Loan Documents shall result in immediate termination of Bank's forbearance,
whereupon Bank, at its option, without any notice to Borrower, may immediately

<PAGE>
cease making any Advances and may immediately exercise any remedies available to
Bank under the Existing Loan Documents and this Agreement, and under applicable
law.

Upon termination of the Forbearance Period described above, without any notice
to Borrower, Bank may exercise any remedies available to Bank under the Loan
Documents and under applicable law. In addition, Bank's agreement to continue to
forbear from enforcing its remedies under the Existing Loan Documents until the
end of the Forbearance Period, notwithstanding Borrower's Existing Defaults
under the Existing Loan Documents, (a) in no way shall be deemed an agreement by
Bank to waive Borrower's compliance with all other terms of the Existing Loan
Documents, as modified by this Loan Modification and Forbearance Agreement and
(b) shall not limit or impair Bank's right to demand strict performance of all
other terms and covenants as of any date. The Borrower further agrees that the
exercise of any rights or remedies allowed to Bank when an Event of Default
occurs, as provided for in the Existing Loan Documents (the "Default Rights")
upon termination of the Forbearance Period shall not be affected by reason of
this Agreement and the Borrower shall not assert as a defense thereto the
passage of time, estoppel, laches or any statute of limitations to the extent
that the exercise of any Default Rights was precluded by this Agreement.

4. DESCRIPTION OF CHANGE IN TERMS.

         A.       Modification to Loan Agreement.

                  1. The defined term "FACILITY AMOUNT" is hereby amended to
                  read as follows"

                  "FACILITY AMOUNT" is $5,000,000, however, capped at $4,000,000
                  for the remainder of the Facility Period. Effective September
                  17, 2001 and the first Monday of each week thereafter, the
                  Facility Amount shall be reduced by $312,500.

5. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever
necessary to reflect the changes described above.

6. PAYMENT OF FORBEARANCE FEE. Borrower shall pay Bank a fee in the amount of
TEN THOUSAND Dollars ($10,000.00) ("Forbearance Fee") plus all out-of-pocket
expenses.

7. CONCERNING REVISED ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE. The Borrower
affirms and reaffirms that notwithstanding the terms of the Security Documents
to the contrary, (i) that the definition of "Code", "UCC" or "Uniform Commercial
Code" as set forth in the Security Documents shall be deemed to mean and refer
to the Uniform Commercial Code as adopted by the State of California, as may be
amended and in effect from time to time and (ii) the Collateral is all assets of
the Borrower as set forth in the Loan Agreement. In connection therewith, the

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Collateral shall include, without limitation, the following categories of assets
as defined in the Code: goods (including inventory, equipment and any accessions
thereto), instruments (including promissory notes), documents, accounts
(including health-care-insurance receivables, and license fees), chattel paper
(whether tangible or electronic), deposit accounts, letter-of-credit rights
(whether or not the letter of credit is evidenced by a writing), commercial tort
claims, securities and all other investment property, general intangibles
(including payment intangibles and software), as set forth in the Loan
Agreement, supporting obligations and any and all proceeds of any thereof,
wherever located, whether now owned or hereafter acquired.

8. NO DEFENSES OF BORROWER. Borrower (and each guarantor and pledgor signing
below) agrees that, as of the date hereof, it has no defenses against the
obligations to pay any amounts under the Indebtedness.

9. WAIVER AND RELEASE OF CLAIMS. (a) Borrower and each Guarantor signing below
(each of the foregoing being a "Releasing Party") hereby releases, acquits, and
discharges Bank and Bank's employees, agents, representative, consultants,
attorneys, fiduciaries, servants, officers, directors, partners, predecessors,
successors and assigns, subsidiary corporations, parent corporations, and
related corporate divisions (all of the foregoing hereinafter called the
"Released Parties"), from all actions and causes at action, judgments,
executions, suits, debts, claims, demands, liabilities, obligations, damages,
and expenses of any and every character, known or unknown, direct and/or
indirect, at law or in equity, of whatsoever kind or nature, whether heretofore
or hereafter arising, for or because of any matter or things done, omitted or
suffered to be done by any of the Released Parties prior to and including the
date of execution hereof, and in any way directly or indirectly arising out of
or in any way connect to this Agreement and the Existing Loan Documents,
including, but not limited to, claims relating to any settlement negotiation
(all of the foregoing hereinafter called the "Released Maters"). Each Releasing
Party acknowledges that the agreements in this section are intended to be in
full satisfaction of all or any alleged injuries or damages arising in
connection with the Released Matters.

(b) Each Releasing Party acknowledges that it has not relied, in executing the
release set forth in this section, upon any representations, warranties, or
conditions by Bank or any other entity except as are specifically set forth in
this Agreement.

(c) Nothing contained herein shall be construed at any time as an admission by
Bank of any liability to Borrower or any other entity.

(d) Each Releasing Party warrants to Bank that it has not purported to transfer,
assign, or otherwise convey any right, title or interest of such Releasing Party
in any Released Matter to any other entity, and that the foregoing constitutes a
full and complete release of all Released Matters.

(e) Each Releasing Party hereby waives all rights which it may have under the
provisions of California Civil Code Section 1542, which reads as follows:

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                     A general release does not extend to claims which the
                     creditor does not know or suspect to exist in his favor at
                     the time of executing the release, which if known by him
                     must have materially affected his settlement with the
                     debtor.

10. CONTINUING VALIDITY. Borrower (and each Guarantor signing below) understands
and agrees that in modifying the existing Indebtedness, Bank is relying upon
Borrower's representations, warranties, and agreements, as set forth in the
Existing Loan Documents. Except as expressly modified pursuant to this
Agreement, the terms of the Existing Loan Documents remain unchanged and in full
force and effect. Bank's agreement to modifications to the existing Indebtedness
pursuant to this Agreement in no way shall obligate Bank to make any future
modifications to the Indebtedness. Nothing in this Agreement shall constitute a
satisfaction of the Indebtedness. It is the intention of Bank and Borrower to
retain as liable parties all makers and endorsers of Existing Loan Documents,
unless the party is expressly released by Bank in writing. No maker, endorser,
or guarantor will be released by virtue of this Agreement. The terms of this
Paragraph apply not only to this Agreement, but also to all subsequent loan
modification agreements.

11. INTEGRATION. This Agreement, together with the Existing Loan Documents,
constitutes the entire agreement and understanding among the parties relating to
the subject matter hereof, and supersedes all prior and contemporaneous
proposals, negotiations, agreements, and understandings relating to the subject
matter. In entering this Agreement, Borrower acknowledges that it is relying on
no statement, representation, warranty, covenant, or agreement of any kind made
by the Bank or any employee or agent of Bank, except for the agreements of Bank
set forth herein. No modification, rescission, waiver, release, or amendment of
any provision of this Agreement shall be made, except by a written agreement
signed by Bank and Borrower.

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12. CONDITIONS. The effectiveness of this Agreement is conditioned upon payment
of the Forbearance Fee.

                     This Forbearance Agreement is executed as of the date first
written above.

BORROWER:                                       BANK:
GIGA INFORMATION GROUP, INC.                    SILICON VALLEY BANK
By:    /s/ VM LYNCH                             By:  /s/ David Reich
     --------------------------------                -------------------------
Name:    Victoria M. Lynch                      Name:  David Reich
       ------------------------------                 ------------------------
Title:    Sr. VP and CFO                        Title: Senior Vice President
        -----------------------------                  -----------------------

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