EXHIBIT 10.2 SUBORDINATION AGREEMENT DATED NOVEMBER 1, 2006 SUBORDINATION AGREEMENT This SUBORDINATION AGREEMENT (this "AGREEMENT"), dated as of November 1, 2006 is among GALAXY ENERGY CORPORATION, a Colorado corporation ("BORROWER"), DOLPHIN ENERGY...Subordination Agreement • November 2nd, 2006 • Galaxy Energy Corp • Crude petroleum & natural gas • New York
EXHIBIT 10.1 SUBORDINATED UNSECURED PROMISSORY NOTE DATED NOVEMBER 1, 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 • November 2nd, 2006 • Galaxy Energy Corp • Crude petroleum & natural gas • Colorado
