2004 Notes and Warrants Sample Contracts

WAIVER AND FIRST AMENDMENT TO 2004 NOTES AND WARRANTS WAIVER AND FIRST AMENDMENT TO 2004 NOTES AND WARRANTS

2004 Notes and Warrants • June 2nd, 2005 • Galaxy Energy Corp • Mining & quarrying of nonmetallic minerals (no fuels) • New York

• Contract Type
  2004 Notes and Warrants
• Filed
  June 2nd, 2005
• Company
  Galaxy Energy Corp
• Industry
  Mining & quarrying of nonmetallic minerals (no fuels)
• Jurisdiction
  New York

THIS WAIVER AND FIRST AMENDMENT TO 2004 NOTES AND WARRANTS (this “Amendment”) is entered into as of May 31, 2005, by and among Galaxy Energy Corporation, a Colorado corporation (the “Company”), and the investors listed on the Schedule of Securities Holders attached hereto (collectively, the “Securities Holders”).