AMERICAN ACCESS TECHNOLOGIES INC
AMENDMENT DATED MARCH 13, 2007 TO AGREEMENT AND PLAN OF MERGER
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<DESCRIPTION>AMENDMENT DATED MARCH 13, 2007 TO AGREEMENT AND PLAN OF MERGER
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<TITLE>Amendment dated March 13, 2007 to Agreement and Plan of Merger</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This First Amendment to Agreement and Plan of
Merger (the &#147;Amendment&#148;) dated as of March&nbsp;13, 2007, is entered into by and among American Access Technologies, Inc., a Florida corporation (&#147;AAT&#148;), AAT Merger Sub, Inc., a Florida corporation and a wholly-owned subsidiary
of AAT (&#147;Merger Sub&#148;) and M&nbsp;&amp;&nbsp;I Electric Industries, Inc., a Texas corporation (&#147;M&nbsp;&amp;&nbsp;I&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">WHEREAS, AAT, Merger Sub and M&nbsp;&amp;&nbsp;I have previously entered into that certain Agreement and Plan of Merger dated as of December&nbsp;1, 2006 providing for the merger of M&nbsp;&amp;&nbsp;I with and into Merger Sub in accordance
with the terms and provisions more specifically set forth therein (the &#147;Merger Agreement&#148;); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, AAT, Merger Sub and
M&nbsp;&amp;&nbsp;I desire to amend the Merger Agreement pursuant to the terms and conditions of this Amendment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE, in
consideration of the mutual covenants and agreements contained herein and in the Merger Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Capitalized terms used herein and not defined herein shall have the meanings set forth in the Merger Agreement. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. The undersigned parties hereby expressly agree to amend the Merger Agreement as follows: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.1 The introductory paragraph of Section&nbsp;6.1 is deleted in its entirety and replaced by the following: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<B>6.1 <U>Conduct of Business by AAT and M&nbsp;&amp;&nbsp;I</U></B>. During the period from the date of this Agreement and
continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing, AAT and M &amp; I shall (and M &amp; I shall cause each of its Subsidiaries to), except to the extent that the other party shall otherwise
consent either in writing or by electronic transmission to a designated email address (which consent may be given by either the President or at the direction of the Board of Directors of the respective party), carry on its business, in the usual,
regular and ordinary course consistent with past practices, in substantially the same manner as heretofore conducted and in compliance with all applicable laws and regulations, pay its debts and Taxes when due subject to good faith disputes over
such debts or Taxes, pay or perform other material obligations when due, and use its commercially reasonable efforts consistent with past practices and policies to (a)&nbsp;preserve substantially intact its present business organization,
(b)&nbsp;keep available the services of its present officers and key employees and (c)&nbsp;preserve its relationships with customers, suppliers, distributors, contractors, and others with which it has significant business dealings. In addition,
except as contemplated by the terms of this Agreement or set forth in the Disclosure Manual of a party delivered hereby, without the prior </FONT>
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<FONT FACE="Times New Roman" SIZE="2">consent of the other party (which may either be in writing or by electronic transmission to a designated email address given by either the President or at
the direction of the Board of Directors of the respective party), during the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Closing, each of AAT and M &amp; I
shall not (and M &amp; I shall cause each of its Subsidiaries to not) do any of the following:&#148; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2 Section&nbsp;7.9 is hereby deleted
in its entirety and replaced by the following: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;7.9 [Intentionally deleted.]&#148; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.3 Section&nbsp;8.4(b) is hereby deleted in its entirety and replaced by the following: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;(b) [Intentionally deleted.]&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">2.4 Section&nbsp;8.10 is hereby deleted in its entirety and replaced by the following: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;8.10 [Intentionally deleted.]&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.5 Section&nbsp;8.11(a) is amended to delete the reference therein to
Section&nbsp;8.10. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.6 Section&nbsp;9.1(a)(vi) is amended to change the date set forth therein from March&nbsp;15, 2007 to April&nbsp;30,
2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. AAT acknowledges that M&nbsp;&amp;&nbsp;I has hired Charles Dauber as M&nbsp;&amp;&nbsp;I&#146;s Senior Vice President of
Marketing and AAT further consents to such employment and agrees that the M&nbsp;&amp;&nbsp;I Disclosure Manual may be amended to reflect such action. M&nbsp;&amp;&nbsp;I acknowledges that AAT has entered into a written employment agreement with
Erik Wiisanen dated November&nbsp;27, 2006 and agrees that the AAT Disclosure Manual may be amended to reflect such action. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. Except as
herein provided, the terms of the Merger Agreement shall remain in full force and effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. This Amendment may be executed in several
counterparts, and all such counterparts, when so executed and delivered, shall constitute but one and the same agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS
WHEREOF, the parties have executed this Amendment as of the date first written above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="3" NOWRAP><FONT FACE="Times New Roman" SIZE="2"><B>AMERICAN ACCESS TECHNOLOGIES, INC.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>M &amp; I ELECTRIC INDUSTRIES, INC.</B></FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Timothy Adams</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Neal T. Hare</FONT></P></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></TD>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">President</FONT></TD>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></TD>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President and COO</FONT></TD></TR>
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