EXHIBIT 10.2 FORM OF SUBORDINATION AGREEMENT DATED JUNE 29, 2007 SUBORDINATION AGREEMENT This SUBORDINATION AGREEMENT (this "AGREEMENT"), dated as of June 29, 2007 is among GALAXY ENERGY CORPORATION, a Colorado corporation ("BORROWER"), DOLPHIN ENERGY...Subordination Agreement • July 2nd, 2007 • Galaxy Energy Corp • Crude petroleum & natural gas
EXHIBIT 10.1 SUBORDINATED UNSECURED PROMISSORY NOTE DATED JUNE 29, 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 • July 2nd, 2007 • Crude petroleum & natural gas • Colorado
