Exhibit 10.3
 
GUARANTY

THIS GUARANTY (the "Guaranty") is made effective as of June 29, 2016, by SUMMER
ENERGY HOLDINGS, INC., a Nevada corporation (the "Guarantor"), for the benefit
of BLUE WATER CAPITAL FUNDING, LLC, a Florida limited liability company
("Lender"), with reference to the following facts:

A. Lender has agreed to make a loan (the "Loan") to SUMMER ENERGY, LLC, a Texas
limited liability company ("Borrower"), as evidenced by that certain Revolving
Promissory Note dated of even date herewith in the principal amount of
$5,000,000.00 ("Revolving Note"), which Note is secured by, inter alia, that
certain Security Agreement, dated June 29, 2016, given by Borrower to Lender
(collectively, the "Loan Documents").
B. The Loan Documents are hereby made a part of this Guaranty by reference
thereto with the same force and effect as if fully set forth herein and, to the
best of the Guarantor's knowledge, all representations and warranties made by
the Borrower in the Loan Documents are true and correct.  Unless otherwise
defined herein, all terms shall have the same meaning given to them in the Loan
Documents.

C. As a condition of the making of the Loan and as additional security for the
Loan, Lender has required that Guarantor guarantee the obligations of Borrower
under the Revolving Note in accordance with the terms of this Guaranty.

D. The Guarantor, is the sole member of Borrower, and as a result will derive
direct and indirect benefits from the Loan given by Lender to Borrower.

NOW, THEREFORE, in consideration of Lender's agreement to make the Loan and as
an inducement to Lender to do so, Guarantor covenants and agrees with Lender,
for the benefit of the holder from time to time of the Notes, as follows:

ARTICLE ONE - REPRESENTATIONS AND WARRANTIES

Guarantor makes the following representations and warranties which shall be
continuing representations and warranties until this Guaranty expires in
accordance with the provisions contained herein:

1.01 Guaranty Authorized and Binding.  The execution, delivery and performance
of this Guaranty do not require the consent or approval of any governmental body
or other regulatory authority; are not in contravention of, or in conflict with,
any law or regulation; and this Guaranty is a valid and legally binding
obligation of Guarantor enforceable in accordance with its terms.

1.02 No Conflict. The execution and delivery of this Guaranty are not, and the
performance of this Guaranty will not be, in contravention of, or in conflict
with, any agreement, indenture or undertaking to which Guarantor is a party or
by which Guarantor or Guarantor's property is or may be bound or affected and do
not, and will not cause any security interest, lien or other encumbrance to be
created or imposed upon any such property.
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1.03 Solvency. The execution and delivery of this Guaranty will not (i) render
Guarantor insolvent under generally accepted accounting principles nor render
Guarantor Insolvent (as defined below), (ii) leave Guarantor with remaining
assets which constitute unreasonably small capital given the nature of
Guarantor's business, or (iii) result in the incurrence of Debts beyond
Guarantor's ability to pay them when and as they mature. For the purposes of
this Section, "Insolvent" means that the present fair saleable value of assets
is less than the amount that will be required to pay the probable liability on
existing Debts as they become absolute and matured. For the purposes of this
Section, "Debts" includes any legal liability for indebtedness, whether matured
or unmatured, liquidated or unliquidated, absolute, fixed or contingent.

1.04 Financial or Other Benefit or Advantage. Guarantor hereby acknowledges and
warrants that Guarantor has derived or expects to derive a financial or other
benefit or advantage from the Loan and from each and every renewal, extension,
release of collateral or other relinquishment of legal rights made or granted or
to be made or granted by Lender to Borrower in connection with the Loan.

1.05 Bankruptcy.  There are no: (i) bankruptcy proceedings involving Guarantor
and none is contemplated; (ii) unsatisfied judgments of record against
Guarantor; or (iii) tax liens filed against Guarantor.

1.06 Other Obligations.  Guarantor is not: (i) in default in the payment or
performance of any of Guarantor's obligations in connection with borrowed money
or any other major obligation; or (ii) in default under any other material
contract or agreement to which Guarantor is a party.

ARTICLE TWO - AGREEMENTS

2.01 Guaranty. Guarantor hereby unconditionally and irrevocably guarantees the
due and punctual payment of the principal due under the Revolving Note up to the
amount of Five Million and 00/100 Dollars ($5,000,00.00), plus interest, late
fees, reasonable attorneys' fees and costs (and all renewals, extensions,
modifications and rearrangements thereof (the "Guaranteed Obligations") and
whether or not the Guaranteed Obligations are valid and enforceable against the
Borrower, whenever the Guaranteed Obligations become due, whether on demand, at
maturity or by reason of acceleration, or at the time the Borrower or the
Guarantor shall become the subject of any bankruptcy or insolvency proceeding.
This is a guaranty of payment and not of collection only.

2.02 Obligations Absolute. The obligations of Guarantor hereunder shall remain
in full force and effect without regard to, and shall not be affected or
impaired by the following, any of which may occur or be taken without the
consent of, or notice to, Guarantor, nor shall any of the following give
Guarantor any recourse or right of action against Lender:
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(a) Any express or implied amendment, modification, renewal, addition,
supplement, extension (including, without limitation, extensions beyond the
original term) or acceleration of or to any of the Loan Documents;

(b) Any exercise or non-exercise by Lender of any right or privilege under this
Guaranty or any of the Loan Documents;

(c) Any bankruptcy, insolvency, reorganization, composition, adjustment,
dissolution, liquidation or other like proceeding relating to Guarantor or
Borrower, or any guarantor (which term shall include any other party at any time
directly or contingently liable for any of the Borrower's obligations under the
Loan Documents or any affiliate of Borrower), or any action taken with respect
to this Guaranty by any trustee or receiver, or by any court, in any such
proceeding, whether or not Guarantor shall have had notice or knowledge of any
of the foregoing;

(d) Any release or discharge of the Borrower from its liability under any of the
Loan Documents or any release or discharge of any endorser or guarantor or of
any other party at any time directly or contingently liable for the Guaranteed
Obligations or any compromise or settlement by Lender of any of its claims
against any of them;

(e) Any subordination, compromise, release (by operation of law or otherwise),
discharge, compound, collection, or liquidation of any or all of the Collateral
or otherwise in any manner, or any substitution with respect thereto;

(f) Any assignment or other transfer of this Guaranty in whole or in part or of
any of the Loan Documents;

(g) Any acceptance of partial performance of the Guaranteed Obligations;

(h) Any consent to the transfer of, or actual transfer of, the Collateral which
is not in conformity with such agreements or otherwise;

(i) Any bid or purchase at any sale of the Collateral, or any portion thereof;

(j) Any taking and/or acceptance of any additional guarantees, collateral or
security; and

(k) Any failure to perfect or to continue the perfection of any security.

2.03 Waivers. Guarantor unconditionally waives any defense to the enforcement of
this Guaranty, including, without limitation:

(a) All presentments, demands for performance, notices of nonperformance,
protests, notices of protest, notices of dishonor, and notices of acceptance of
this Guaranty;
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(b) Any right to require Lender to proceed against Borrower or any guarantor at
any time or to proceed against or exhaust any security held by Lender at any
time or to pursue any other remedy whatsoever at any time;

(c) The defense of any statute of limitations affecting the liability of
Guarantor hereunder, the liability of Borrower or any guarantor under the Loan
Documents, or the enforcement hereof; to the extent permitted by law;

(d) Any defense arising by reason of any invalidity or unenforceability of any
of the Loan Documents or any disability of Borrower or any guarantor or of any
manner in which Lender has exercised its rights and remedies under the Loan
Documents, or by any cessation from any cause whatsoever of the liability of
Borrower or any guarantor;

(e) Any defense based upon an election of remedies by Lender, including, without
limitation, any election to proceed by judicial or nonjudicial foreclosure of
any security, whether real property or personal property security, or by deed in
lieu thereof; and whether or not every aspect of any foreclosure sale is
commercially reasonable, or any election of remedies, including but not limited
to remedies relating to real property or personal property security, which
destroys or otherwise impairs the subrogation rights of Guarantor or the rights
of Guarantor to proceed against Borrower or any other guarantor for
reimbursement, or both;

(f) Any duty of Lender to advise Guarantor of any information known to Lender
regarding the financial condition of Borrower and all other circumstances
affecting Borrower's ability to perform its obligations to Lender, it being
agreed that Guarantor assumes the responsibility for being and keeping informed
regarding such condition or any such circumstances; and

(g) Any rights of subrogation, reimbursement, exoneration, contribution and
indemnity, and any rights or claims of any kind or nature against Borrower which
arise out of or are caused by this Guaranty, and any rights to enforce any
remedy which Lender now has or may hereafter have against Borrower and any
benefit of; and any right to participate in, any security now or hereafter held
by Lender, until all of the Guaranteed Obligations have been fully paid and
performed.

2.04 Subrogation. Guarantor understands that the exercise by Lender of certain
rights and remedies may affect or eliminate Guarantor's right of subrogation
against Borrower or any guarantor and that Guarantor may therefore incur
partially or totally nonreimbursable liability hereunder. Nevertheless,
Guarantor hereby authorizes and empowers Lender, its successors, endorsees
and/or assigns, to exercise in its or their sole discretion, any rights and
remedies, or any combination thereof; which may then be available, it being the
purpose and intent of Guarantor that the obligations hereunder shall be
absolute, continuing, independent and unconditional under any and all
circumstances.

2.05 Additional Waivers. No Guarantor shall be released or discharged, either in
whole or in part, by  Lender's failure or delay to (i) perfect or continue the
perfection of any lien or security interest in any collateral which secures the
obligations of the Borrower or Guarantor, or (ii) protect the property covered
by such lien or security interest.
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2.06 Independent and Separate Obligations. The obligation of Guarantor hereunder
is independent of the obligation of Borrower and, in the event of any default
hereunder, a separate action or actions may be brought and prosecuted against
Guarantor whether or not Guarantor is the alter ego of Borrower and whether or
not Borrower is joined therein or a separate action or actions are brought
against Borrower. Lender's rights hereunder shall not be exhausted until all of
the Guaranteed Obligations have been fully paid and performed.

2.07 Bankruptcy No Discharge; Repayments. So long as any of the Guaranteed
Obligations guaranteed hereunder shall be owing to Lender, Guarantor shall not,
without the prior written consent of Lender, commence or join with any other
party in commencing any bankruptcy, reorganization or insolvency proceedings of
or against Borrower. Guarantor understands and acknowledges that by virtue of
this Guaranty, it has specifically assumed any and all risks of a bankruptcy or
reorganization case or proceeding with respect to Borrower. As an example and
not in any way of limitation, a subsequent modification of the Guaranteed
Obligations in any reorganization case concerning Borrower shall not affect the
obligation of Guarantor to pay and perform the Guaranteed Obligations in
accordance with their respective original terms. If claim is ever made upon
Lender for repayment of the obligations under the Loan Documents and Lender
repays all or any part of said amount, then, notwithstanding any revocation or
termination of this Guaranty or the cancellation of the Revolving Note or any
other instrument evidencing the Loan, Guarantor shall be and remain jointly and
severally liable to Lender for the amount so repaid to the same extent as if
such amount had never originally been received by Lender.

ARTICLE THREE - MISCELLANEOUS

3.01 Expenses. In addition to the Guaranteed Obligations, Guarantor agrees to
pay all costs and expenses, including reasonable attorneys' fees, which may be
incurred by Lender in any effort to collect or enforce any of the Loan Documents
or the obligations of Guarantor hereunder, whether or not any lawsuit is filed
including, without limitation, all costs and reasonable attorneys' fees incurred
by Lender in any bankruptcy proceeding (including, without limitation, any
action for relief from the automatic stay of any bankruptcy proceeding, whether
or not Lender prevails therein) and in any judicial or nonjudicial foreclosure
action. Such amounts shall bear interest until paid at a rate equal to the
Interest Rate, as defined in the Revolving Note.

3.02 Amendments; Successors. Neither this instrument nor any term hereof may be
changed, waived, discharged or terminated orally, but only by an instrument in
writing signed by the party against which enforcement of the change, waiver,
discharge or termination is sought. All of the terms of this instrument shall be
binding upon and shall inure to the benefit of the parties hereto and their
respective heirs, executors, administrators, personal representatives,
successors and assigns. In the event of the death of any individual person
included in the term "Guarantor," this Guaranty shall be enforceable as a claim
against that individual's estate or otherwise against the representatives of the
individual's estate, the individual's heirs-at-law, the devisees and
beneficiaries of the individual's total estate and each of them. The term
"Borrower" shall mean both the named Borrower and any other person or entity at
any time assuming or otherwise becoming primarily liable on all or any part of
the obligations set forth in the Loan Documents. No delay or failure by Lender
to exercise any remedy against Borrower or Guarantor will be construed as a
waiver of that right or remedy. All remedies of Lender are cumulative and may be
exercised singly, simultaneously, consecutively and in any order. In the event
that the provisions of this Guaranty are claimed or held to be inconsistent with
any other instrument evidencing or securing the Loan, or the obligations of
Guarantor, the terms of this Guaranty shall remain fully valid and effective. 
When the context in which the words are used in this Guaranty indicates that
such is the intent, words in the singular number shall include the plural and
vice-versa. All references to "Guarantor" shall be interpreted to include
Guarantor. If any one or more of the provisions of this Guaranty should be
determined to be illegal or unenforceable, all other provisions shall remain
effective. Guarantor shall not have the right to assign any of its rights or
obligations under this Guaranty.
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3.03 Governing Law. This Guaranty shall be governed by and be construed pursuant
to the laws of the State of Minnesota applicable to contracts made and performed
in the State of Minnesota without reference to any conflict or choice of law
rules that would otherwise apply. Any suit, action or proceeding arising out of
or in connection with this Agreement may be brought in any state or federal
court in Hennepin County, Minnesota, as Lender elects, and the parties hereto
irrevocably submit and consent to the jurisdiction of each such court and agree
that any summons, complaint, writ, judgment or other notice or service or legal
process may be sufficiently served upon it in connection with any such suit,
action or proceeding, if sent to the last known address of the applicable party
in accordance with the provisions of Section 3.07 hereof. The submission to said
jurisdiction shall not (and shall not be construed so as to) limit the right of
the Lender to take proceedings against the Guarantor, in whatsoever
jurisdictions shall be appropriate nor shall the taking of proceedings in any
one or more jurisdictions preclude the taking of proceedings in any other
jurisdiction, whether concurrently or not.

THE LENDER BY ITS ACCEPTANCE HEREOF AND THE GUARANTOR HEREBY VOLUNTARILY,
KNOWINGLY AND INTENTIONALLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING ARISING UNDER THIS GUARANTY OR CONCERNING THE
GUARANTEED OBLIGATIONS AND/OR ANY COLLATERAL CONTEMPLATED THEREBY, REGARDLESS OF
WHETHER SUCH ACTION OR PROCEEDING CONCERNS ANY CONTRACTUAL OR TORTIOUS OR OTHER
CLAIM.  THE GUARANTOR ACKNOWLEDGES THAT THIS WAIVER OF JURY TRIAL IS A MATERIAL
INDUCEMENT TO THE LENDER IN EXTENDING THE TO THE BORROWER, THAT THE LENDER WOULD
NOT HAVE EXTENDED THE LOAN WITHOUT THIS JURY TRIAL WAIVER, AND THAT THE
GUARANTOR HAS BEEN REPRESENTED BY AN ATTORNEY OR HAS HAD AN OPPORTUNITY TO
CONSULT WITH AN ATTORNEY IN CONNECTION WITH THIS JURY TRIAL WAIVER AND
UNDERSTANDS THE LEGAL EFFECT OF THIS WAIVER.

3.04 Assignability by Lender. Lender may, at any time and from time to time,
assign, conditionally or otherwise, all of the rights of Lender under the
Revolving Note and under this Guaranty, whereupon the assignee shall succeed to
all rights of Lender hereunder to the extent that such rights may be assigned to
it. Lender, or each successor holder of the Revolving Note, may give written
notice to Guarantor of any such assignment, but any failure to give, or delay in
giving, such notice shall not affect the validity or enforceability of any such
assignment.
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3.05 Demands. Each demand by Lender for performance or payment hereunder shall
be in writing and shall be made in the manner set forth in Section 3.07 below. A
dated statement signed by an officer of Lender setting forth the amount of
indebtedness at the time owing to Lender by Borrower under the Loan Documents
shall be presumptive evidence thereof (subject to rebuttal) as between Guarantor
and Lender in any legal proceedings against Guarantor in connection with this
Guaranty.

3.06 Term. The obligations of Guarantor under this Guaranty shall continue in
full force and effect until the obligations under the Loan Documents shall have
been fully paid and performed.

3.07 Notices. All notices and demands hereunder shall be deemed to have been
duly given if personally delivered or mailed by United States registered or
certified mail, with return receipt requested, postage prepaid to the parties at
the following addresses (or at such other addresses as shall be given by written
notice by any party to the others) and shall be deemed complete upon any such
mailing:

To Guarantor:                                        Summer Energy Holdings,
Inc.
Attn:  Jaleea P. George
800 Bering Drive, Suite 260
Houston, TX 77057

With a copy to:                                     Kirton McConkie, PC
 60 E. South Temple, Suite 1800
Salt Lake City, Utah 84111
Tel: (801) 328-3600
Fax: (801) 212-2006
Attention: Alexander N. Pearson
Email: apearson@kmclaw.com

To Lender:                                             Blue Water Capital
Funding, LLC
9855 West 78th Street, Suite 300
Eden Prairie, Minnesota 55344

3.08 Complete Agreement. This Guaranty supersedes any prior negotiations,
discussions or communications between Guarantor and Lender and constitutes the
entire agreement between Lender and Guarantor with respect to the Guaranteed
Obligations. This Guaranty may be executed in one or more counterparts, all of
which, taken together, shall constitute one and the same Guaranty.
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3.09 Obligation Absolute.  This Guaranty and the obligations of Guarantor
hereunder shall be effective upon delivery to the Guarantor, without further
act, condition or acceptance by the Lender, shall be binding upon the Guarantor
and the heirs, representatives, successors and assigns of the Guarantor, and
shall inure to the benefit of the Lender and its participants, successors and
assigns.  The Guarantor further waives notice of Lender's acceptance hereof.

3.10 Headings.  The captions and headings to the sections and paragraphs of this
Guaranty are for convenience only and shall not be deemed part of the text of
the respective sections or paragraphs and shall not vary, by implication or
otherwise, any of the provisions of this Guaranty.

[SIGNATURE PAGE FOLLOWS.]

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IN WITNESS WHEREOF, the undersigned Guarantor has executed this Guaranty as of
the date first above written.

GUARANTOR:
SUMMER ENERGY HOLDINGS, INC.,
a Nevada corporation

By:  /s/ Jaleea P. George 

Its:  CFO

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