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<DIV style=margin-left:54pt;width:504pt><HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;line-height:1pt;margin-top:1pt;margin-bottom:0pt;color:#000000'><FONT style=line-height:1pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;line-height:1pt;margin-top:1pt;margin-bottom:0pt;color:#000000'><FONT style=line-height:1pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>UNITED STATES </B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;color:#000000'><B>Washington, D.C. 20549 </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:10pt;margin-left:216pt;margin-right:216pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>FORM 8-K</B></P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:216pt;margin-right:216pt;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>CURRENT REPORT </B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Pursuant to Section 13 or 15(d) of </B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>The Securities Exchange Act of 1934 </B></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;color:#000000'><B>Date of Report (Date of earliest event reported): &nbsp;February 20, 2018</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><FONT style=font-size:10pt><B>SUMMER ENERGY HOLDINGS, INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>(Exact name of registrant as specified in its charter)</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Nevada</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>(State or other jurisdiction of incorporation)</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<TABLE align=center style='border-collapse:collapse;margin-left:90.9pt;border:0.5pt solid #000000'><TR><TD valign=top style='width:153.9pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>001-35496</B></P>
</TD><TD valign=top style='width:179.55pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-left:3.6pt;color:#000000'><B>20-2722022</B></P>
</TD></TR>
<TR><TD valign=top style='width:153.9pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Commission File Number)</P>
</TD><TD valign=top style='width:179.55pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-left:3.6pt;color:#000000'>(I.R.S. The Company Identification No.)</P>
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<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><FONT style='border-bottom:1px solid #000000'>5847 San Felipe Street #3700</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><FONT style='border-bottom:1px solid #000000'>Houston, Texas 77057</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>(Address of principal executive offices)</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><FONT style='border-bottom:1px solid #000000'>(713) 375-2790</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>(Registrant&#8217;s telephone number, including area code)</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><FONT style='border-bottom:1px solid #000000'>800 Bering Drive, Suite 260</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><FONT style='border-bottom:1px solid #000000'>Houston, Texas 77057</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'> (Former name or former address, if changed since last report) </P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;margin-left:216pt;margin-right:216pt;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:29.15pt;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-29.15pt'><FONT face=Wingdings>&#168;</FONT></KBD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:29.15pt;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-29.15pt'><FONT face=Wingdings>&#168;</FONT></KBD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:29.15pt;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-29.15pt'><FONT face=Wingdings>&#168;</FONT></KBD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:29.15pt;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-29.15pt'><FONT face=Wingdings>&#168;</FONT></KBD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
<TABLE align=center style=border-collapse:collapse;width:170.25pt><TR><TD valign=middle style=width:155.2pt;padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:15.05pt;padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
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<TR><TD valign=top style=padding:1.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Emerging growth company</P>
</TD><TD valign=top style=padding:1.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#9744;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
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<P style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;&#160;&#9744;</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=right style='font:10pt Times New Roman;margin:0'><A name=_iDocIDField589df657-e0d1-4fb2-8fa3-679c /><FONT style=font-size:10pt>4815-3767-5101</FONT></P>
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<DIV style=margin-left:72pt;width:468pt><HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P style='font:10pt Times New Roman;margin:0;margin-left:72pt;color:#000000'><B><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-72pt'>Item 1.01</KBD>Entry into a Material Definitive Agreement</B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:72pt;color:#000000'><B><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-72pt'>Item 5.02 </KBD>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:72pt;color:#000000'><B><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-72pt'>Item 2.03 &nbsp;</KBD>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:72pt;color:#000000'><B><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-72pt'>Item 3.02 </KBD>Unregistered Sales of Equity Securities.</B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-72pt;margin-left:72pt;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-72pt;margin-left:72pt;color:#000000'><FONT style='border-bottom:1px solid #000000'><I>Stock Option and Stock Award Plan</I></FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>Effective February 20, 2018, the Board of Directors (the &#8220;<FONT style='border-bottom:1px solid #000000'>Board</FONT>&#8221;) of Summer Energy Holdings, Inc. (the &#8220;<FONT style='border-bottom:1px solid #000000'>Company</FONT>&#8221;) approved and adopted the Summer Energy Holdings, Inc. 2018 Stock Option and Stock Award Plan (&#8220;<FONT style='border-bottom:1px solid #000000'>2018 Plan</FONT>&#8221;) which was established to advance the interest of the Company and its stockholders by providing an incentive to attract, retain and reward persons performing services for the Company and by motivating such persons to contribute to the growth and profitability of the Company. The Company&#8217;s named executive officers are eligible for grants or awards under the 2018 Plan.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>The maximum aggregate number of (i) shares of stock that may be issued under the 2018 Plan and (ii) shares of stock with respect to which stock appreciation rights may be granted, is&#160;1,500,000&#160;and consists of authorized but unissued or reacquired shares of stock or any combination thereof.&#160; Such number of shares of stock may be issued under the 2018 Plan pursuant to incentive stock options, non-statutory stock options, restricted stock grants, restricted stock units, stock appreciation right grants or any combination thereof, so long as the aggregate number of shares so issued does not exceed such number of shares, as adjusted. The 2018 Plan or any increase in the maximum aggregate number of shares of stock issuable thereunder shall be approved by the stockholders of the Company within twelve (12) months of the date of adoption by the Board.&#160;&#160;Awards granted prior to stockholder approval of the 2018 Plan shall become exercisable no earlier than the date of stockholder approval of the 2018 Plan.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>The 2018 Plan continues in effect until the earlier of its termination by the Board or the date on which all shares of stock available for issuance under the 2018 Plan have been issued and all restrictions on such shares under the terms on the 2018 Plan and the agreement evidencing awards granted under the 2018 Plan have lapsed. &nbsp;However, all awards shall be granted, if at all, within ten years from the earlier of the date the 2018 Plan is adopted by the Board or the date the 2018 Plan is duly approved by the stockholders of the Company.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>The foregoing summary of the terms and conditions of the 2018 Plan does not purport to be complete, and is qualified in its entirety by reference to the full text of the 2018 Plan, attached as Exhibit 10.1 hereto.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>On February 20, 2018, the Company granted the following options to purchase our common stock under the 2018 Plan:</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=bottom style='padding-left:1.8pt;padding-right:1.8pt;border-bottom:1pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Name</B></P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style='padding-left:1.8pt;padding-right:1.8pt;border-bottom:1pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>No. of Options</B></P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style='padding-left:1.8pt;padding-right:1.8pt;border-bottom:1pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Exercise Price</B></P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='padding-left:1.8pt;padding-right:1.8pt;border-bottom:1pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Expiration</B></P>
</TD><TD valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD colspan=2 valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=3 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=3 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD colspan=2 valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=top bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Angela Hanley</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>150,000</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>2.50</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=middle bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Ten Years</P>
</TD><TD valign=middle bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=top style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Jaleea George</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>85,000</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>2.50</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Ten Years</P>
</TD><TD valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=top bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Angela Hanley</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>15,000</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>2.50</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=middle bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Ten Years</P>
</TD><TD valign=middle bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=top style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Jaleea George</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>15,000</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>$ </P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>2.50</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=top style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Ten Years</P>
</TD><TD valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=top bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Neil Leibman</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>15,000</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>2.50</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=top bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Ten Years</P>
</TD><TD valign=middle bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=middle style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
<TR><TD valign=top bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Total</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>280,000</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=middle bgcolor=#CCEEFF style=padding-left:1.8pt;padding-right:1.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>All of the option grants were to members of our executive management team. The issuances were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, since the recipients are our executive management team, employees, or independent consultants, and they are either accredited or sophisticated investors, and familiar with our operations.&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=right style='font:10pt Times New Roman;margin:0'><A name=_iDocIDField76bdcbbb-8012-4a95-b0fa-5204 /><FONT style=font-size:10pt>4815-3767-5101</FONT></P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='border-bottom:1px solid #000000'><I>EDF ISDA Transaction</I></FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>On February 21, 2018, Summer Energy Northeast, LLC (&#8220;<FONT style='border-bottom:1px solid #000000'>Northeast</FONT>&#8221;), a Texas limited liability company and a wholly-owned subsidiary of the Company, entered into a transaction with EDF Energy Services, LLC, a Delaware limited liability company (&#8220;<FONT style='border-bottom:1px solid #000000'>EDF</FONT>&#8221;), whereby EDF becomes Northeast&#8217;s primary provider for the purchase and sale of electricity and would, subject to certain limitations, provide supply finance and third party credit support on behalf of Northeast (the &#8220;<FONT style='border-bottom:1px solid #000000'>Transaction</FONT>&#8221;).&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style=margin-left:36pt></KBD>The Transaction is governed by the 1992 ISDA Master Agreement, as well as a Schedule and Credit Support Annex thereto (the &#8220;<FONT style='border-bottom:1px solid #000000'>ISDA Documents</FONT>&#8221;). In conjunction therewith, Northeast and EDF also entered into a Security Agreement securing Northeast&#8217;s obligations under the ISDA Documents and whereby Northeast grants EDF a continuing security interest in all of the assets of Northeast, including but not limited to its accounts receivable.  Also in conjunction with the Transaction, the Company entered into a Guaranty in favor of EDF whereby the Company acts as guarantor for Northeast&#8217;s obligations under the ISDA Documents.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style=margin-left:36pt></KBD>The foregoing summaries of the terms and conditions of the Transaction and related documents do not purport to be complete, and are qualified in their entirety by reference to the full text of the ISDA Documents, the Security Agreement and the Guaranty, which are attached as Exhibits 10.2, 10.3, 10.4 and 10.5, respectively.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Item 9.01&#160; Financial Statements and Exhibits.</B></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>(d)</KBD><KBD style=margin-left:36pt></KBD>Exhibits&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style='border-bottom:1px solid #000000'>Exhibit No.</FONT></KBD><KBD style=margin-left:108pt></KBD><FONT style='border-bottom:1px solid #000000'>Description</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>10.1</KBD><A href=sume_ex10z1.htm style=text-decoration:none><KBD style=margin-left:72pt></KBD><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>2018 Stock Option and Stock Award Plan &#160;</FONT></A>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>10.2</KBD><A href=sume_ex10z2.htm style=text-decoration:none><KBD style=margin-left:72pt></KBD><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>ISDA Master Agreement and Schedule</FONT></A> &#160;&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>10.3</KBD><A href=sume_ex10z3.htm style=text-decoration:none><KBD style=margin-left:72pt></KBD><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>ISDA Credit Support Annex&#160;</FONT></A>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>10.4</KBD><A href=sume_ex10z4.htm style=text-decoration:none><KBD style=margin-left:72pt></KBD><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>Security Agreement &#160;</FONT></A>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>10.5</KBD><A href=sume_ex10z5.htm style=text-decoration:none><KBD style=margin-left:72pt></KBD><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>Guaranty</FONT></A>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>Dated: &nbsp;February 22, 2018</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:144pt;color:#000000'>SUMMER ENERGY HOLDINGS, INC.</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</KBD><KBD style='margin-left:144pt;border-bottom:1px solid #000000'></KBD>By: &#160;<FONT style='border-bottom:1px solid #000000'>/s/ Jaleea P. George</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;</KBD><KBD style='position:absolute;font:10pt Times New Roman;margin-left:72pt'>&#160;</KBD><KBD style=margin-left:180pt></KBD>Jaleea P. George&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</KBD><KBD style=margin-left:180pt></KBD>Chief Financial Officer&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=right style='font:10pt Times New Roman;margin:0'><A name=_iDocIDField7fd03367-d557-42dc-962d-2adf /><FONT style=font-size:10pt>4837-2497-1868.v3</FONT></P>
<P align=right style='font:10pt Times New Roman;margin:0'><A name=_iDocIDField20fb27b5-a5ad-48e6-88df-91c5 /><FONT style=font-size:10pt>4815-3767-5101</FONT></P>
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[{"type": "8-K", "sequence": "1", "filename": "sume_8k.htm", "description": "8-K", "secsgml_size_bytes": 38838}]
{"company-data": {"conformed-name": "SUMMER ENERGY HOLDINGS INC", "cik": "0001396633", "assigned-sic": "4911", "irs-number": "202722022", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35496", "film-number": "18637642"}, "business-address": {"street1": "800 BERING DRIVE", "street2": "SUITE 260", "city": "HOUSTON", "state": "TX", "zip": "77057", "phone": "(713) 375-2790"}, "mail-address": {"street1": "800 BERING DRIVE", "street2": "SUITE 260", "city": "HOUSTON", "state": "TX", "zip": "77057"}, "former-company": [{"former-conformed-name": "Castwell Precast Corp", "date-changed": "20100816"}, {"former-conformed-name": "Castwell Precast CORP", "date-changed": "20070417"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  February 20, 2018
SUMMER ENERGY HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
001-35496
20-2722022
(Commission File Number)
(I.R.S. The Company Identification No.)
5847 San Felipe Street #3700
Houston, Texas 77057
(Address of principal executive offices)
(713) 375-2790
(Registrant's telephone number, including area code)
800 Bering Drive, Suite 260
Houston, Texas 77057
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
4815-3767-5101
Item 1.01
Entry into a Material Definitive Agreement
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Item 3.02
Unregistered Sales of Equity Securities.
Stock Option and Stock Award Plan
Effective February 20, 2018, the Board of Directors (the "
Board
") of Summer Energy Holdings, Inc. (the "
Company
") approved and adopted the Summer Energy Holdings, Inc. 2018 Stock Option and Stock Award Plan ("
2018 Plan
") which was established to advance the interest of the Company and its stockholders by providing an incentive to attract, retain and reward persons performing services for the Company and by motivating such persons to contribute to the growth and profitability of the Company. The Company's named executive officers are eligible for grants or awards under the 2018 Plan.
The maximum aggregate number of (i) shares of stock that may be issued under the 2018 Plan and (ii) shares of stock with respect to which stock appreciation rights may be granted, is 1,500,000 and consists of authorized but unissued or reacquired shares of stock or any combination thereof.  Such number of shares of stock may be issued under the 2018 Plan pursuant to incentive stock options, non-statutory stock options, restricted stock grants, restricted stock units, stock appreciation right grants or any combination thereof, so long as the aggregate number of shares so issued does not exceed such number of shares, as adjusted. The 2018 Plan or any increase in the maximum aggregate number of shares of stock issuable thereunder shall be approved by the stockholders of the Company within twelve (12) months of the date of adoption by the Board.  Awards granted prior to stockholder approval of the 2018 Plan shall become exercisable no earlier than the date of stockholder approval of the 2018 Plan.
The 2018 Plan continues in effect until the earlier of its termination by the Board or the date on which all shares of stock available for issuance under the 2018 Plan have been issued and all restrictions on such shares under the terms on the 2018 Plan and the agreement evidencing awards granted under the 2018 Plan have lapsed.  However, all awards shall be granted, if at all, within ten years from the earlier of the date the 2018 Plan is adopted by the Board or the date the 2018 Plan is duly approved by the stockholders of the Company.
The foregoing summary of the terms and conditions of the 2018 Plan does not purport to be complete, and is qualified in its entirety by reference to the full text of the 2018 Plan, attached as Exhibit 10.1 hereto.
On February 20, 2018, the Company granted the following options to purchase our common stock under the 2018 Plan:
Name
No. of Options
Exercise Price
Expiration
Angela Hanley
150,000
$
2.50
Ten Years
Jaleea George
85,000
$
2.50
Ten Years
Angela Hanley
15,000
$
2.50
Ten Years
Jaleea George
15,000
$
2.50
Ten Years
Neil Leibman
15,000
$
2.50
Ten Years
Total
280,000
All of the option grants were to members of our executive management team. The issuances were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, since the recipients are our executive management team, employees, or independent consultants, and they are either accredited or sophisticated investors, and familiar with our operations.
4815-3767-5101
EDF ISDA Transaction
On February 21, 2018, Summer Energy Northeast, LLC ("
Northeast
"), a Texas limited liability company and a wholly-owned subsidiary of the Company, entered into a transaction with EDF Energy Services, LLC, a Delaware limited liability company ("
EDF
"), whereby EDF becomes Northeast's primary provider for the purchase and sale of electricity and would, subject to certain limitations, provide supply finance and third party credit support on behalf of Northeast (the "
Transaction
").
The Transaction is governed by the 1992 ISDA Master Agreement, as well as a Schedule and Credit Support Annex thereto (the "
ISDA Documents
"). In conjunction therewith, Northeast and EDF also entered into a Security Agreement securing Northeast's obligations under the ISDA Documents and whereby Northeast grants EDF a continuing security interest in all of the assets of Northeast, including but not limited to its accounts receivable.  Also in conjunction with the Transaction, the Company entered into a Guaranty in favor of EDF whereby the Company acts as guarantor for Northeast's obligations under the ISDA Documents.
The foregoing summaries of the terms and conditions of the Transaction and related documents do not purport to be complete, and are qualified in their entirety by reference to the full text of the ISDA Documents, the Security Agreement and the Guaranty, which are attached as Exhibits 10.2, 10.3, 10.4 and 10.5, respectively.
Item 9.01  Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
10.1
2018 Stock Option and Stock Award Plan
10.2
ISDA Master Agreement and Schedule
10.3
ISDA Credit Support Annex
10.4
Security Agreement
10.5
Guaranty
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:  February 22, 2018
SUMMER ENERGY HOLDINGS, INC.
By:
/s/ Jaleea P. George
Jaleea P. George
Chief Financial Officer
4837-2497-1868.v3
4815-3767-5101