EXHIBIT 10.2 SUBORDINATION AGREEMENT DATED SEPTEMBER 28, 2006 SUBORDINATION AGREEMENT This SUBORDINATION AGREEMENT (this "AGREEMENT"), dated as of September 28, 2006 is among GALAXY ENERGY CORPORATION, a Colorado corporation ("BORROWER"), DOLPHIN...Subordination Agreement • October 3rd, 2006 • Galaxy Energy Corp • Crude petroleum & natural gas • New York
EXHIBIT 10.1 SUBORDINATED UNSECURED PROMISSORY NOTE DATED SEPTEMBER 28, 2006 THIS SUBORDINATED UNSECURED PROMISSORY NOTE (THIS "NOTE") AND THE INDEBTEDNESS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET FORTH IN THAT CERTAIN...Subordinated Unsecured Promissory Note • October 3rd, 2006 • Galaxy Energy Corp • Crude petroleum & natural gas • Colorado
