EXHIBIT 10.2 FORM OF SUBORDINATION AGREEMENT DATED NOVEMBER 13, 2006 SUBORDINATION AGREEMENT This SUBORDINATION AGREEMENT (this "AGREEMENT"), dated as of November 13, 2006 is among GALAXY ENERGY CORPORATION, a Colorado corporation ("BORROWER"),...Subordination Agreement • November 16th, 2006 • Galaxy Energy Corp • Crude petroleum & natural gas • New York
EXHIBIT 10.1 SUBORDINATED UNSECURED PROMISSORY NOTE DATED NOVEMBER 13, 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 16th, 2006 • Galaxy Energy Corp • Crude petroleum & natural gas • Colorado
