EXHIBIT 10.2



                   FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT



     THIS FIRST AMENDMENT TO STOCK PURCHASE  AGREEMENT (this "First  Amendment")
is made by and between Capco Energy, Inc., a Colorado corporation  ("Purchaser")
and Meteor Industries, Inc., a Colorado corporation ("Seller").

     WHEREAS,  Meteor Industries,  Inc. and Capco Energy,  Inc. executed a Stock
Purchase  Agreement,  dated January 30, 2001 (the "Stock  Purchase  Agreement"),
pursuant  to which  Purchaser  is to acquire  all of the issued and  outstanding
stock of Meteor Enterprises, Inc. ("MEI"), a wholly owned subsidiary of Seller;

     WHEREAS,  Purchaser  now desires to pay a certain  portion of the  Purchase
Price (as defined in the Stock Purchase Agreement) with a note instead of cash;

     WHEREAS,  the parties have  discovered that Exhibit B to the Stock Purchase
Agreement is incomplete and does not include the property, currently operated by
Meteor  Marketing,  Inc.,  located at 28599  Highway 34, Brush,  Colorado,  also
referred to as "Petrostop"  and whereas the parties now wish to add Petrostop to
Exhibit B;

     WHEREAS, Purchaser and Seller now wish to amend the provisions of the Stock
Purchase Agreement as set forth below:

     NOW  THEREFORE,  in  consideration  of  the  mutual  promises,   covenants,
provisions  and  representations  contained  herein  and in the  Stock  Purchase
Agreement, the parties hereto agree as follows:

     1) Capitalized terms shall have the meanings set forth herein.  Capitalized
terms not defined herein shall have the meanings set forth in the Stock Purchase
Agreement.

     2)  Section  1.2 of the Stock  Purchase  Agreement  is hereby  amended  and
restated in its entirety to read as follows:

     1.2 EFFECTIVE DATE AND CLOSING.  The effective date (the "Effective  Date")
     of this  transaction  shall be  immediately  preceding  the  closing of the
     merger between  activeIQ  Technologies,  Inc. and the Seller (the "Merger")
     pursuant to an  Agreement  and Plan of Merger dated  January 11, 2001.  The
     closing of the transactions contemplated herein (the "Closing") shall occur
     at a mutually  agreeable  time and place,  but in no event later than April
     30, 2001 or such later date as Seller and Purchaser may mutually agree.


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     3)  Section  1.4 of the Stock  Purchase  Agreement  is hereby  amended  and
restated in its entirety to read as follows:

     1.4 PAYMENT OF PURCHASE  PRICE.  The total  Purchase Price shall be paid as
     follows:

     1.4(a) At Closing,  Purchaser  shall  deliver to Seller (i) a note,  in the
     principal  amount of  $500,000  and  bearing  interest at a rate of 10% per
     annum,  together with a stock pledge agreement in  substantially  the forms
     attached  to this  First  Amendment  as Annex A, (ii) cash in the amount of
     $4,697,501  by certified  check or wire transfer of  immediately  available
     funds, and (iii) 100,833 shares of Meteor  Industries,  Inc.,  common stock
     owned by Purchaser.

     4) Exhibit B to the Stock  Purchase  Agreement is hereby  replaced with the
Revised Exhibit B attached hereto.

     5) Except as specifically  modified  herein,  the parties agree to abide by
and be bound by all the  original  terms and  conditions  of the Stock  Purchase
Agreement including any attachments thereto.

     6) This First Amendment may be executed by the parties hereto in any number
of  counterparts,  each of which shall be deemed an  original,  but all of which
shall constitute one and the same instrument.


          AGREED TO AND ACCEPTED this 27th day of April, 2001.

                                   PURCHASER:

                                   CAPCO ENERGY, INC.

                               By: /s/Ilyas Chaudhary
                                   ----------------------
                                   Ilyas Chaudhary, President


                                   SELLER:

                                   METEOR INDUSTRIES, INC.

                               By: /s/Edward J. Names
                                   -----------------------
                                   Edward J. Names, President