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American Electric Technologies Inc – ‘10KSB’ for 12/31/02 – EX-22

On:  Friday, 3/28/03, at 5:00pm ET   ·   For:  12/31/02   ·   Accession #:  1021408-3-5279   ·   File #:  0-24575

Previous ‘10KSB’:  ‘10KSB’ on 4/3/01 for 12/31/00   ·   Next:  ‘10KSB’ on 3/22/04 for 12/31/03   ·   Latest:  ‘10KSB’ on 3/12/07 for 12/31/06

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/28/03  American Electric Techs Inc       10KSB      12/31/02    5:858K                                   Donnelley R… Fin’l/NY/FA

Annual Report — Small Business   —   Form 10-KSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10KSB       Annual Report -- Small Business                     HTML    700K 
 2: EX-22       Amendment of the Agreement for the Acquisition of      2      9K 
                          Product Rights                                         
 3: EX-23       Employment Agreement Executed by John Presley on       7     31K 
                          May 2, 2002.                                           
 4: EX-24       Employment Agreement Executed by Erik Wiisanen on      7     31K 
                          May 2, 2002.                                           
 5: EX-25       Employment Agreement Executed by Joseph McGuire on     7     31K 
                          May 2, 2002.                                           


EX-22   —   Amendment of the Agreement for the Acquisition of Product Rights

EX-221st Page of 2TOCTopPreviousNextBottomJust 1st
 

EXHIBIT 22 FIRST AMENDMENT TO AGREEMENT FOR ACQUISITION OF PRODUCT RIGHTS This First Amendment to Agreement for Acquisition of Product Rights is made as of this 1st day of October, 2002 by and among American Access Technologies, Inc., ("American Access") a corporation duly organized and existing under the laws of Florida, with offices at 6670 Spring Lake Road, Keystone Heights, Florida, 32656 and Bill Sherer Corporation, ("BSC") a corporation duly organized and existing under the laws of the State of Florida, with offices at P.O. Box 5184, Ocala, Florida, 34478, and Bill Sherer, an individual. RECITALS Whereas the parties entered into an Agreement for Acquisition of Product Rights dated January 11, 2002 (the "Agreement"); and Whereas, the parties have mutually agreed to amend the Agreement as set forth herein. NOW, THEREFORE, for and in consideration of the sum of Ten Dollars ($10.00), cash in hand paid, the mutual promises of the parties, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Section 2 of the Agreement is hereby amended to read as follows: 2. In exchange for relinquishing all rights and title to the Air Cleansing System "Northern Lights" and "Eclipse", BSC shall receive from American Access an initial cash payment of $50,000 (which has been paid prior to the date of this Amendment) and additional cash payments as follows (less $2,181.12 for an overpayment of commissions): Date Amount November 1, 2002 $25,000.00 February 1, 2003 $25,000.00 May 1, 2003 $25,000.00 1
EX-22Last Page of 2TOC1stPreviousNextBottomJust 2nd
August 1, 2003 $25,000.00 November 1, 2003 $25,000.00 2. The Agreement, as amended herein, shall remain in full force and effect. IN WITNESS WHEREOF, American Access Technologies, Inc., Bill Sherer Corporation and Bill Sherer have caused this Amendment to be signed by their duly authorized representatives as of the day and year first above written. American Access Technologies, Inc. Bill Sherer Corporation By:________________________ By:___________________________ Name: John E. Presley Name: Bill Sherer Title: President Title: President ______________________________ Bill Sherer 2

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘10KSB’ Filing    Date First  Last      Other Filings
11/1/032
8/1/032DEF 14A
5/1/0318-K
Filed on:3/28/03
2/1/031
For Period End:12/31/02
11/1/021
1/11/021
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Filing Submission 0001021408-03-005279   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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