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EXHIBIT 10.2    
  

 
  CONSULTING AGREEMENT    
  

        THIS CONSULTING AGREEMENT (the "Agreement") is entered into and effective as of January 1, 1999 by and between WOO YOUNG KIM (the "CONSULTANT"), and
E-WORLD SECURITY, INC., a Nevada corporation ("E-WORLD"). 

1. RECITALS  

        This Agreement is entered into with reference to and in contemplation of the following facts, circumstances and representations: 

	1.
	E-WORLD
desires to engage the services of the CONSULTANT to assist it with respect to the implementation of its Business Plan.

	2.
	The
CONSULTANT desires to provide such consulting and management services to E-WORLD as an independent contractor and pursuant to the terms and conditions set forth herein. 

2. NATURE AND EXTENT OF CONSULTING SERVICES  

        2.1  Term of Agreement: This Agreement shall be for a term of three (3) years and shall terminate on December 31, 2001. 

        2.2  Duties of Consultant: CONSULTANT shall be required to render consulting and management services in connection with the
E-WORLD Business Plan. Such services shall include but not necessarily be limited to consulting with the Board of Directors, officers And advisors of E-WORLD
concerning the Business Plan in general, to assist E-WORLD in locating and evaluating business opportunities and proprietary technologies, and to provide cultural assistance and translation services
with respect to Korean business affairs. 

        2.3  Devotion to duty: CONSULTANT agrees to devote such time as is reasonable on an "as needed" basis with respect to the
subject consulting and management services. CONSULTANT is free to represent or perform services for other clients, provided it does not interfere with his duties under this Agreement. 

        2.4  Compensation: In consideration of the services rendered pursuant to this Agreement, E-WORLD agrees to issue to CONSULTANT
a total of FOUR HUNDRED THOUSAND (400,000) shares of E-WORLD common stock (the "E-WORLD Shares"). 

        2.5  Nature of e-World Shares: The E-WORLD Shares shall be issued pursuant to Regulation D, Rule 504 of the Securities
Act of 1933 as amended. 

        2.6  Private sale acknowledgment: The parties acknowledge and agree that the issuance of the E-WORLD Shares is being
undertaken as a private sale pursuant to Regulation D, Rule 504 of the Securities Act of 1933, as amended, and Nevada Revised Statutes Chapters 78 and 90, and is not being transacted via a
broker-dealer and/or in the public market place. 

        2.7  Capacity and Status of Consultant: The capacity and status of CONSULTANT with respect to E-WORLD is that of an
independent contractor and CONSULTANT is not to be considered as either an agent. officer or employee of E-WORLD for any purpose whatsoever. 

        2.8  Nondisclosure of information: CONSULTANT agrees that it will not at any time, in any fashion, form or manner, either
directly or indirectly, divulge, disclose or communicate to any person, firm or corporation, in any manner whatsoever, any information of any kind, nature, or description concerning any matters
affecting or relating to the business of E-WORLD. 

        2.9  Assignment of Agreement: Due to the personal nature of the services to be rendered by the CONSULTANT, this Agreement may
not be assigned by the CONSULTANT without the prior written 

consent of E-WORLD but said Agreement will inure to the benefit of and be binding on the E-WORLD successors and assigns. 

3. COOPERATION, ARBITRATION, INTERPRETATION,

MODIFICATION AND ATTORNEY FEES  

        3.1  Cooperation of parties: The parties further agree that they will do all things necessary to accomplish and facilitate the
purpose of this Agreement and that they will sign and execute any and all documents necessary to bring about and perfect the purposes of this Agreement. 

        3.2  Arbitration: The parties hereby submit all controversies, claims and matters of difference arising out of this Agreement
to arbitration in San Diego, California according to the rules and practices of the American Arbitration Association from time to time in force. This submission and agreement to arbitrate shall
de specifically enforceable. The Agreement shall further be governed by the laws of the State of Nevada. 

        3.3  Interpretation of Agreement: The parties agree that should any provision of this Agreement be found to be ambiguous in
any way, such ambiguity shall not be resolved by construing such provisions or any part of or the entire Agreement in favor of or against any party herein, but rather by construing the terms of this
Agreement fairly and reasonable in accordance with their generally accepted meaning. 

        3.4  Modification of Agreement: This Agreement may be amended or modified in any way at anytime by an instrument in writing
stating the manner in which it is amended or modified and signed by each of the parties hereto. Any such writing amending or modifying this Agreement shall be attached to and kept with this Agreement. 

        3.3  Attorney fees: If any legal action or any arbitration or other proceeding is brought for the enforcement of this
Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of the Agreement, the successful or prevailing party shall be entitled to
recover reasonable attorneys' fees and other costs incurred in that action or proceeding, in addition to any other relief to which it may be entitled. 

        3.6  Entire Agreement: This Agreement constitutes the entire Agreement and understanding of the parties hereto with respect to
the matters herein set forth, and all prior negotiations, writings and understandings relating to the subject matter of this Agreement are merged herein and are superseded and canceled by this
Agreement. 

        3.7  Counterparts: This Agreement may be signed in one or more counterparts. 

        3.8  Facsimile transmission signature: A signature received pursuant to a facsimile transmission shall be sufficient to bind a
party to this Agreement. 

	

Dated:                        , 1999	
 	

By:	

/s/  WOO YOUNG KIM      
 Woo Young Kim
	

 	
 	
E-WORLD SECURITY, INC.
	

Dated:                        , 1999	
 	

By:	

/s/  EDWARD W. SAVARESE      
 Edward W. Savarese
 President

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EXHIBIT 10.2

CONSULTING AGREEMENTQuickLinks
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Exhibit 10.32    
  

 
 

FIRST AMENDMENT
  TO CREDIT AGREEMENT    
  

        THIS FIRST AMENDMENT TO CREDIT AGREEMENT (the "Amendment") is made and dated as of the 17th day of December, 2002 by and between DIEDRICH COFFEE, INC., a
Delaware corporation (the "Company"), and BANK OF THE WEST (the "Lender"). 

RECITALS  

        A.    Pursuant
to that certain Credit Agreement dated as of September 3, 2002 by and between the Company and the Lender (as amended, extended and replaced from time to
time, the "Credit Agreement," and with capitalized terms used herein and not otherwise defined used with the meanings given such terms in the Credit Agreement), the Lender agreed to extend credit to
the Company on the terms and subject to the conditions set forth therein. 

        B.    The
Company has requested the Lender to amend the Credit Agreement in certain respects and the Lender has agreed to do so on the terms and subject to the conditions set
forth herein. 

        NOW,
THEREFORE, in consideration of the above Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby
agree as follows: 

AGREEMENT  

        1.    Applicable LIBOR Interest.    To reflect the agreement of the parties hereto to modify the applicable interest
rate with respect to Loans bearing interest based on the LIBOR Rate, Paragraph 7(a)(2) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "(2)    The
LIBOR Rate for the selected Interest Period plus: (i) at any time up to but not including February 1,
2003, two and one-half percent (2.50%) and (ii) at all times thereafter, three percent (3.00%)." 

        2.    Minimum EBITDA.    To reflect the agreement of the parties hereto to modify the minimum EBITDA financial
covenant, Paragraph 13(m) of the Credit Agreement is hereby amended in to read in its entirety as follows: 

        "13(m)    Minimum EBITDA.    Permit as of the end of any fiscal quarter, calculated for such fiscal quarter and the
immediately preceding three fiscal quarters, EBITDA of the Company and its Subsidiaries on a consolidated basis to be less than $3,500,000.00." 

        3.    Effective Date. This Amendment shall be effective as of the date first written above upon the date that the Administrative
Agent shall have received: 

        (a)  This
Amendment, duly executed by all parties signatory hereto; 

        (b)  Such
corporate resolutions, incumbency certificates and other authorizing documentation for the Company and the Guarantors as the Lender may request; and 

        (c)  An
amendment fee in an amount equal to $5,000.00. 

        4.    Reaffirmation of the Loan Documents.    The Company and each of the Guarantors, by executing this Amendment as
provided below, hereby affirms and agrees that: (a) the execution and delivery by it of and the performance of its obligations under this Amendment shall not in any way amend, impair,
invalidate or otherwise affect any of its obligations under the Loan Documents to which 

1

 

it is party except to the extent expressly amended hereby, (b) the term "Obligations" as used in the Loan Documents include, without limitation, the Obligations of the Company under the Credit
Agreement as amended by this Amendment, and (c) except as expressly amended hereby, the Loan Documents remain in full force and effect as written. 

        5.    Representations and Warranties.    The Company and each of the Guarantors by executing this Amendment as
provided below, hereby represents and warrants to the Lenders that: 

        (a)  It
has the requisite power and authority and the legal right to execute, deliver and perform this Amendment and has taken all necessary corporate action to authorize the
execution, delivery and performance of this Amendment. 

        (b)  This
Amendment has been duly executed and delivered on its behalf and constitutes its legal, valid and binding obligation enforceable against it in accordance with its
terms. 

        (c)  There
does not exist a Event of Default or Potential Default. 

        (d)  None
of such Persons has any existing claims, counterclaims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to any of the Loan Documents,
and the Loan Documents, as amended hereby, constitute valid, legal, binding and enforceable obligations of such Persons, as appropriate. 

        6.    No Other Amendment.    Except as expressly amended hereby, the Credit Agreement and other Loan Documents shall
remain in full force and effect as written. 

        7.    Counterparts.    This Amendment may be executed in any number of counterparts, each of which when so executed
shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. 

        [Signatures
Page Following] 

2

 

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

	 	 	DIEDRICH COFFEE, INC.,

a Delaware corporation
	

 	
 	

By:	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer
	

 	
 	

By:	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary
	

 	
 	

BANK OF THE WEST
	

 	
 	

By:	

 Bruce Young, Vice President

       

	ACKNOWLEDGED AND AGREED TO:	 
	

COFFEE PEOPLE WORLDWIDE, INC.,

a Delaware corporation	

 
	

By:	
 	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer	

 
	

By:	
 	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary	

 

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	COFFEE PEOPLE, INC.,

an Oregon corporation	 
	

By:	
 	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer	

 
	

By:	
 	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary	

 
	

GLORIA JEAN'S, INC.,

a Delaware corporation	

 
	

By:	
 	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer	

 
	

By:	
 	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary	

 
	

EDGLO ENTERPRISES, INC.,

an Illinois corporation	

 
	

By:	
 	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer	

 
	

By:	
 	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary	

 

4

 

	GLORIA JEAN'S GOURMET COFFEES CORP.,

an Illinois corporation	 
	

By:	
 	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer	

 
	

By:	
 	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary	

 
	

GLORIA JEAN'S GOURMET COFFEES FRANCHISING CORP.,

an Illinois corporation	

 
	

By:	
 	

/s/  MATTHEW C. MCGUINNESS      
 Name: Matthew C. McGuinness

Title: Executive Vice President and Chief Financial Officer	

 
	

By:	
 	

/s/  PAMELA J. BRITTON      
 Name: Pamela J. Britton

Title: Secretary	

 

5

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Exhibit 10.32

FIRST AMENDMENT TO CREDIT AGREEMENT

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