EXHIBIT 10.2 FORM OF SUBORDINATION AGREEMENT DATED FEBRUARY 1, 2007 SUBORDINATION AGREEMENT This SUBORDINATION AGREEMENT (this "AGREEMENT"), dated as of February 1, 2007 is among GALAXY ENERGY CORPORATION, a Colorado corporation ("BORROWER"), DOLPHIN...Subordination Agreement • February 1st, 2007 • Galaxy Energy Corp • Crude petroleum & natural gas
EXHIBIT 10.1 SUBORDINATED UNSECURED PROMISSORY NOTE DATED FEBRUARY 1, 2007 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...Galaxy Energy Corp • February 1st, 2007 • Crude petroleum & natural gas • Colorado
