Ex. 10.2

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FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made and
entered into as of August 27, 2019, with an effective date of July 1, 2019, by
and between Summer Energy Holdings, Inc., a Nevada corporation (“Employer”), and
Travis Andrews (“Employee”). 

RECITALS

A. Employer and Employee are parties to that certain Employment Agreement dated
as of July 1, 2017 (the “Employment Agreement”).  Unless otherwise indicated,
all capitalized terms herein shall have the meanings assigned to them in the
Employment Agreement. 

 

B.Pursuant to Section 9 of the Employment Agreement, Employer and Employee
desire to amend the Employment Agreement pursuant to the terms and conditions of
this Amendment.   

 

AGREEMENT

NOW, THEREFORE, in consideration of the covenants and conditions set forth
herein, and for other good and valuable consideration, Employer and Employee
hereby agree as follows: 

1.Section 1(a) of the Employment Agreement is hereby amended by deleting such
section in its entirety and replacing it as follows: 

Term.  Subject to the terms and conditions of this Agreement, Employer agrees to
employ Employee, and Employee agrees to be employed by Employer, for a term of
two (2) years, commencing on July 1, 2019.    

2.Exhibit A to the Employment Agreement is hereby amended by deleting the first
bullet point in section 5 thereof in its entirety and replacing it as follows:
  

oEmployee shall be granted an option to purchase up to 150,000 shares of
Employer’s common stock (the “Common Stock”) which option vests as follows: (i)
as to the first 75,000 shares of Common Stock, on July 1, 2020 and, (ii) as to
the second 75,000 shares of Common Stock, on June 30, 2021, with an exercise
price equal to $1.50 per share, unless the price per share of Common Stock as
reported on the OTC Markets on the date such option is granted is greater than
$1.50, in which case the exercise price shall be equal to the price per share
quoted on the OTC Markets on the date such option is granted, all pursuant and
subject to the terms of a Stock Option Grant Agreement by and between Employer
and Employee.  

 

3.Exhibit A to the Employment Agreement is hereby amended by adding the
following states to the definition of “Restricted Territory” as described
therein:  

Ohio

Illinois

Pennsylvania

New Hampshire

Massachusetts

Connecticut

Rhode Island

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4.All other provisions of the Employment Agreement shall remain in full force
and effect. 

[Signature page follows]

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IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to
Employment Agreement as of the date set forth above.

 

EMPLOYER:EMPLOYEE: 

 

SUMMER ENERGY HOLDINGS, INC.

a Nevada corporation/s/ Travis Andrews 

Travis Andrews 

By: /s/ Neil Leibman__________

Name: Neil Leibman

Title: President and CEO

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