Document:

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                                                                    EXHIBIT 10.2

               FORM OF LETTER AGREEMENT WITH DAVID A. R. DULLUM

June [__], 2005

Harbor Acquisition Corporation
One Boston Place - Suite 3630
Boston, Massachusetts 02108

Ferris, Baker Watts, Incorporated
100 Light Street, 8th Floor
Baltimore, Maryland 21202

Re: Initial public offering
    -----------------------

Gentlemen:

     The undersigned officer and director and stockholder of Harbor Acquisition
Corporation ("COMPANY"), in consideration of Ferris, Baker Watts, Incorporated
("FBW") entering into a letter of intent ("LETTER OF INTENT") to underwrite an
initial public offering of the securities of the Company ("IPO") and embarking
on the IPO process, hereby agrees as follows (certain capitalized terms used
herein are defined in paragraph 11 hereof):

     1.   If the Company solicits approval of its stockholders of a Business
Combination, the undersigned will vote all Insider Shares owned by him in
accordance with the majority of the votes cast by the holders of the IPO Shares.

     2.   The undersigned will escrow his Insider Shares until six months after
the consummation of a Business Combination subject to the terms of a Stock
Escrow Agreement which the Company will enter into with the undersigned and an
escrow agent acceptable to the Company.

     3.   In the event that the Company fails to consummate a Business
Combination within 18 months from the effective date ("EFFECTIVE DATE") of the
registration statement relating to the IPO (or 24 months under the circumstances
described in the prospectus relating to the IPO), the undersigned will take all
reasonable actions within his power to cause the Company to liquidate as soon as
reasonably practicable. The undersigned hereby waives any and all right, title,
interest or claim of any kind ("CLAIM") in or to any distribution of the Trust
Fund (as defined in the Letter of Intent) with respect to his Insider Shares and
waives any Claim the undersigned may have in the future as a result of, or
arising out of, any contracts or agreements with the Company and will not seek
recourse against the Trust Fund for any reason whatsoever. The undersigned
agrees to indemnify and hold harmless the Company against any and all loss,
liability, claims, damage and expense whatsoever (including, but not limited to,
any and all legal or other expenses reasonably incurred in investigating,
preparing or defending against any litigation, whether pending or threatened, or
any claim whatsoever) which the Company may become subject to as a result of any
claim by any vendor that is owed money by the Company for services rendered or
products sold but only to the extent necessary to ensure that such loss,
liability, claim, damage or expenses does not reduce the amount in the Trust
Fund.

     4.   In order to minimize potential conflicts of interest which may arise
from multiple affiliations, the undersigned agrees to present to the Company for
its consideration, prior to presentation to any other person or entity, any
suitable opportunity to acquire an operating business, until the earlier of the
consummation by the Company of a Business Combination, the liquidation of the
Company or until such time as the undersigned ceases to be an officer or
director of the Company, subject to any pre-existing fiduciary obligations the
undersigned might have, including, but not limited to, the undersigned's
obligation to present business opportunities to Gladstone Capital Corp.,
Gladstone Commercial Corp. and Gladstone Investment Corp.

     5.   The undersigned acknowledges and agrees that the Company will not
consummate any Business Combination which involves a company which is affiliated
with any of the Insiders unless the Company obtains an

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opinion from an independent investment banking firm reasonably acceptable to FBW
that the business combination is fair to the Company's stockholders from a
financial perspective.

     6.   Neither the undersigned, any member of the family of the undersigned,
or any affiliate of the undersigned will be entitled to receive or accept a
finder's fee or any other compensation in the event the undersigned, any member
of the family of the undersigned or any affiliate of the undersigned originates
a Business Combination.

     7.   The undersigned agrees to be President, Secretary and a director of
the Company until the earlier of the consummation by the Company of a Business
Combination or the liquidation of the Company. The undersigned's biographical
information furnished to the Company and FBW and attached hereto as EXHIBIT A is
true and accurate in all respects, does not omit any material information with
respect to the undersigned's background and contains all of the information
required to be disclosed pursuant to Section 401 of Regulation S-K, promulgated
under the Securities Act of 1933. The undersigned's Questionnaire furnished to
the Company and FBW and annexed as EXHIBIT B hereto is true and accurate in all
respects. The undersigned represents and warrants that:

          (a)  he is not subject to or a respondent in any legal action for, any
               injunction cease-and-desist order or order or stipulation to
               desist or refrain from any act or practice relating to the
               offering of securities in any jurisdiction;

          (b)  he has never been convicted of or pleaded guilty to any crime (i)
               involving any fraud or (ii) relating to any financial transaction
               or handling of funds of another person, or (iii) pertaining to
               any dealings in any securities and he is not currently a
               defendant in any such criminal proceeding; and

          (c)  he has never been suspended or expelled from membership in any
               securities or commodities exchange or association or had a
               securities or commodities license or registration denied,
               suspended or revoked.

     8.   The undersigned has full right and power, without violating any
agreement by which he is bound, to enter into this letter agreement and to serve
as Chief Executive Officer, Chairman of the Board of Directors and Treasurer of
the Company.

     9.   Neither the undersigned, any member of the family of the undersigned,
nor any affiliate of the undersigned will be entitled to receive and will not
accept any compensation for services rendered to the Company prior to the
consummation of the Business Combination; provided that commencing on the
Effective Date, Grand Cru Management, LLC ("RELATED PARTY"), shall be allowed to
charge the Company an allocable share of Related Party's overhead, $7,500.00 per
month, to compensate it for certain limited administrative, technology and
secretarial services, as well as the use of certain limited office space,
including a conference room, in Boston, Massachusetts, that it will provide to
the Company. Related Party and the undersigned shall also be entitled to
reimbursement from the Company for their out-of-pocket expenses incurred in
connection with seeking and consummating a Business Combination.

     10.  The undersigned authorizes any employer, financial institution, or
consumer credit reporting agency to release to FBW and its legal representatives
or agents (including any investigative search firm retained by FBW) any
information they may have about the undersigned's background and finances
("INFORMATION"), purely for the purposes of the Company's IPO (and shall
thereafter hold such information confidential). Neither FBW nor its agents shall
be violating the undersigned's right of privacy in any manner in requesting and
obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection.

     11.  As used herein, (i) a "Business Combination" shall mean an acquisition
by merger, capital stock exchange, asset or stock acquisition, reorganization or
otherwise, of an operating business selected by the Company; (ii) "Insiders"
shall mean all officers, directors and stockholders of the Company immediately
prior to the IPO; (iii) "Insider Shares" shall mean all of the shares of Common
Stock of the Company owned by an Insider prior to the IPO; and (iv) "IPO Shares"
shall mean the shares of Common Stock issued in the Company's IPO.

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     If the foregoing terms and conditions are acceptable to you, kindly
indicate your acceptance below, whereupon this letter shall be a binding legal
agreement among us.

                                                 -------------------------------
                                                     David A. R. Dullum

Accepted and agreed as aforesaid:

HARBOR ACQUISITION CORPORATION

By:
  ------------------------------------------
    Robert J. Hanks, Chief Executive Officer

FERRIS, BAKER WATTS, INCORPORATED

By:
   -----------------------------------------
         Duly Authorized

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                                                                    EXHIBIT 10.3

                  FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT

     This Agreement is made as of June __, 2005 by and between Harbor
Acquisition Corporation (the "COMPANY") and Continental Stock Transfer & Trust
Company ("TRUSTEE").

     WHEREAS, the Company's Registration Statement on Form S-1, No.
333-_________ ("REGISTRATION STATEMENT"), for its initial public offering of
securities ("IPO") has been declared effective as of the date hereof by the
Securities and Exchange Commission ("EFFECTIVE DATE"); and

     WHEREAS, Ferris, Baker Watts, Incorporated ("FBW") is acting as the lead
underwriter in the IPO; and

     WHEREAS, as described in the Company's Registration Statement, and in
accordance with the Company's Certificate of Incorporation, $__________________
of the gross proceeds of the IPO ($_______________ if the underwriters
over-allotment option is exercised in full) will be delivered to the Trustee to
be deposited and held in a trust account for the benefit of the Company and the
holders of the Company's common stock, par value $0.0001 per share, issued in
the IPO as hereinafter provided (the amount to be delivered to the Trustee will
be referred to herein as the "PROPERTY"; the stockholders for whose benefit the
Trustee shall hold the Property will be referred to as the "PUBLIC
STOCKHOLDERS," and the Public Stockholders and the Company will be referred to
together as the "BENEFICIARIES"); and

     WHEREAS, the Company and the Trustee desire to enter into this Agreement to
set forth the terms and conditions pursuant to which the Trustee shall hold the
Property;

     IT IS AGREED:

     1.   AGREEMENTS AND COVENANTS OF TRUSTEE. The Trustee hereby agrees and
covenants to:

          (a)  Hold the Property in trust for the Beneficiaries in accordance
with the terms of this Agreement, in a segregated trust account ("TRUST
ACCOUNT") established by the Trustee at a branch of Mellon Bank selected by the
Company;

          (b)  Manage, supervise and administer the Trust Account subject to the
terms and conditions set forth herein;

          (c)  In a timely manner, upon the instruction of the Company, to
invest and reinvest the Property in any "GOVERNMENT SECURITY." As used herein,
Government Security means any Treasury Bill issued by the United States, having
a maturity of one hundred and eighty days or less;

          (d)  Collect and receive, when due, all principal and income arising
from the Property, which shall become part of the "Property," as such term is
used herein;

          (e)  Notify the Company of all communications received by it with
respect to any Property requiring action by the Company;

          (f)  Supply any necessary information or documents as may be requested
by the Company in connection with the Company's preparation of the tax returns
for the Trust Account;

          (g)  Participate in any plan or proceeding for protecting or enforcing
any right or interest arising from the Property if, as and when instructed by
the Company and/ or FBW to do so;

          (h)  Render to the Company and to FBW, and to such other person as the
Company may instruct, monthly written statements of the activities of and
amounts in the Trust Account reflecting all receipts and disbursements of the
Trust Account; and

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          (i)  Commence liquidation of the Trust Account only after receipt of
and only in accordance with the terms of a letter ("TERMINATION LETTER"), in a
form substantially similar to that attached hereto as either EXHIBIT A or
EXHIBIT B, signed on behalf of the Company by its Chief Executive Officer or
Chairman of the Board and Secretary, and complete the liquidation of the Trust
Account and distribute the Property in the Trust Account only as directed in the
Termination Letter and the other documents referred to therein.

     2.   AGREEMENTS AND COVENANTS OF THE COMPANY. The Company hereby agrees and
covenants to:

          (a)  Give all instructions to the Trustee hereunder in writing, signed
by the Company's Chief Executive Officer, President or Chairman of the Board. In
addition, except with respect to its duties under paragraph 1(i) above, the
Trustee shall be entitled to rely on, and shall be protected in relying on, any
verbal or telephonic advice or instruction which it in good faith believes to be
given by any one of the persons authorized above to give written instructions,
provided that the Company shall promptly confirm such instructions in writing;

          (b)  Hold the Trustee harmless and indemnify the Trustee from and
against, any and all expenses, including reasonable counsel fees and
disbursements, or loss suffered by the Trustee in connection with any action,
suit or other proceeding brought against the Trustee involving any claim, or in
connection with any claim or demand which in any way arises out of or relates to
this Agreement, the services of the Trustee hereunder, or the Property or any
income earned from investment of the Property, except for expenses and losses
resulting from the Trustee's gross negligence or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the
commencement of any action, suit or proceeding, pursuant to which the Trustee
intends to seek indemnification under this paragraph, it shall notify the
Company in writing of such claim (hereinafter referred to as the "INDEMNIFIED
CLAIM"). The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim, provided, that the Trustee shall obtain the
consent of the Company with respect to the selection of counsel, which consent
shall not be unreasonably withheld. The Company may participate in such action
with its own counsel; and

          (c)  Pay the Trustee an initial acceptance fee of [$_____] and an
annual fee of [$______] (it being expressly understood that the Property shall
not be used to pay such fee). The Company shall pay the Trustee the initial
acceptance fee and first year's fee at the consummation of the IPO and
thereafter on the anniversary of the Effective Date. The Trustee shall refund to
the Company the fee (on a pro rata basis) with respect to any period after the
liquidation of the Trust Fund. The Company shall not be responsible for any
other fees or charges of the Trustee except as may be provided in paragraph 2(b)
hereof (it being expressly understood that the Property shall not be used to
make any payments to the Trustee under such paragraph).

     3.   LIMITATIONS OF LIABILITY. The Trustee shall have no responsibility or
liability to:

          (a)  Take any action with respect to the Property, other than as
directed in paragraph 1 hereof and the Trustee shall have no liability to any
party except for liability arising out of its own gross negligence or willful
misconduct;

          (b)  Institute any proceeding for the collection of any principal and
income arising from, or institute, appear in or defend any proceeding of any
kind with respect to, any of the Property unless and until it shall have
received instructions from the Company given as provided herein to do so and the
Company shall have advanced or guaranteed to it funds sufficient to pay any
expenses incident thereto;

          (c)  Change the investment of any Property, other than in compliance
with paragraph 1(c);

          (d)  Refund any depreciation in principal of any Property;

          (e)  Assume that the authority of any person designated by the Company
to give instructions hereunder shall not be continuing unless provided otherwise
in such designation, or unless the Company shall have delivered a written
revocation of such authority to the Trustee;

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          (f)  The other parties hereto or to anyone else for any action taken
or omitted by it, or any action suffered by it to be taken or omitted, in good
faith and in the exercise of its own best judgment, except for its gross
negligence or willful misconduct. The Trustee may rely conclusively and shall be
protected in acting upon any order, notice, demand, certificate, opinion or
advice of counsel (including counsel chosen by the Trustee), statement,
instrument, report or other paper or document (not only as to its due execution
and the validity and effectiveness of its provisions, but also as to the truth
and acceptability of any information therein contained) which is believed by the
Trustee, in good faith, to be genuine and to be signed or presented by the
proper person or persons. The Trustee shall not be bound by any notice or
demand, or any waiver, modification, termination or rescission of this agreement
or any of the terms hereof, unless evidenced by a written instrument delivered
to the Trustee signed by the proper party or parties and, if the duties or
rights of the Trustee are affected, unless it shall give its prior written
consent thereto;

          (g)  Verify the correctness of the information set forth in the
Registration Statement or to confirm or assure that any acquisition made by the
Company or any other action taken by it is as contemplated by the Registration
Statement; and

          (h)  Pay any taxes on behalf of the Trust Account (it being expressly
understood that the Property shall not be used to pay any such taxes and that
such taxes, if any, shall be paid by the Company from funds not held in the
Trust Account).

     4.   TERMINATION. This Agreement shall terminate as follows:

          (a)  If the Trustee gives written notice to the Company that it
desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee. At such time that the Company notifies
the Trustee that a successor trustee has been appointed by the Company and has
agreed to become subject to the terms of this Agreement, the Trustee shall
transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating
to the Trust Account, whereupon this Agreement shall terminate; provided,
however, that, in the event that the Company does not locate a successor trustee
within ninety days of receipt of the resignation notice from the Trustee, the
Trustee may submit an application to have the Property deposited with the United
States District Court for the Southern District of New York and upon such
deposit, the Trustee shall be immune from any liability whatsoever;

          (b)  At such time that the Trustee has completed the liquidation of
the Trust Account in accordance with the provisions of paragraph 1(i) hereof,
and distributed the Property in accordance with the provisions of the
Termination Letter, this Agreement shall terminate except with respect to
Paragraph 2(b); or

          (c)  On such date after ______, 2007, when the Trustee deposits the
Property with the United States District Court for the Southern District of New
York in the event that, prior to such date, the Trustee has not received a
Termination Letter from the Company pursuant to paragraph 1(i).

     5.   MISCELLANEOUS.

          (a)  The Company and the Trustee each acknowledge that the Trustee
will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. Upon receipt of written instructions, the
Trustee will confirm such instructions with an Authorized Individual at an
Authorized Telephone Number listed on the attached EXHIBIT C. The Company and
the Trustee will each restrict access to confidential information relating to
such security procedures to authorized persons. Each party must notify the other
party immediately if it has reason to believe unauthorized persons may have
obtained access to such information, or of any change in its authorized
personnel. In executing funds transfers, the Trustee will rely upon account
numbers or other identifying numbers of a beneficiary, beneficiary's bank or
intermediary bank, rather than names. The Trustee shall not be liable for any
loss, liability or expense resulting from any error in an account number or
other identifying number, provided it has accurately transmitted the numbers
provided.

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          (b)  This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York, without giving effect to
conflict of laws. It may be executed in several counterparts, each one of which
shall constitute an original, and together shall constitute but one instrument.

          (c)  This Agreement contains the entire agreement and understanding of
the parties hereto with respect to the subject matter hereof. This Agreement or
any provision hereof may only be changed, amended or modified by a writing
signed by each of the parties hereto; provided, however, that no such change,
amendment or modification may be made without the prior written consent of FBW.
As to any claim, cross-claim or counterclaim in any way relating to this
Agreement, each party waives the right to trial by jury.

          (d)  The parties hereto consent to the jurisdiction and venue of any
state or federal court located in the City of New York for purposes of resolving
any disputes hereunder.

          (e)  Any notice, consent or request to be given in connection with any
of the terms or provisions of this Agreement shall be in writing and shall be
sent by express mail or similar private courier service, by certified mail
(return receipt requested), by hand delivery or by facsimile transmission:

               if to the Trustee, to:

               Continental Stock Transfer & Trust Company
               17 Battery Place
               New York, New York 10004
               Attn: ________________
               Fax No.: ________________

               if to the Company, to:

               Harbor Acquisition Corporation
               One Boston Place - Suite 3630
               Boston, Massachusetts 02108
               Attn: Chief Executive Officer
               Fax No.: _________________

               in either case with a copy to:

               Ferris, Baker Watts, Incorporated
               100 Light Street, 8th Floor
               Baltimore, MD 21202
               Attn: ___________________
               Fax No.: ________________

          (f)  This Agreement may not be assigned by the Trustee without the
prior consent of the Company and FBW.

          (g)  Each of the Trustee and the Company hereby represents that it has
the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder.

          (h)  The Trustee acknowledges and agrees that it shall not make any
claims or proceed against the Trust Account, including by way of set-off, and
shall not be entitled to any funds in the Trust Account under any circumstance.

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     IN WITNESS WHEREOF, the parties have duly executed this Investment
Management Trust Agreement as of the date first written above.

                                  CONTINENTAL STOCK TRANSFER &
                                  TRUST COMPANY, as Trustee

                                  By:
                                     -----------------------------------------
                                  Name:
                                  Title:

                                  HARBOR ACQUISITION CORPORATION

                                  By:
                                     -----------------------------------------
                                      Robert J. Hanks, Chief Executive Officer

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                                    EXHIBIT A

                             [LETTERHEAD OF COMPANY]

[INSERT DATE]

Continental Stock Transfer & Trust Company
17 Battery Place
New York, New York 10004
Attn: ________________

Re: Trust Account No. [__________] - Termination Letter

Gentlemen:

     Pursuant to paragraph 1(i) of the Investment Management Trust Agreement
between Harbor Acquisition Corporation ("COMPANY") and Continental Stock
Transfer & Trust Company ("TRUSTEE"), dated as of       , 2005 ("TRUST
AGREEMENT"), this is to advise you that the Company has entered into an
agreement ("BUSINESS AGREEMENT") with ("TARGET BUSINESS") to consummate a
business combination with Target Business ("BUSINESS COMBINATION") on or about
[Insert Date]. The Company shall notify you at least 48 hours in advance of the
actual date of the consummation of the Business Combination ("CONSUMMATION
DATE").

     In accordance with the terms of the Trust Agreement, we hereby authorize
you to commence liquidation of the Trust Account to the effect that, on the
Consummation Date, all of the funds held in the Trust Account will be
immediately available for transfer to the account or accounts that the Company
shall direct on the Consummation Date.

     On the Consummation Date (i) counsel for the Company shall deliver to you
written notification that the Business Combination has been consummated have
been met, and (ii) the Company shall deliver to you written instructions with
respect to the transfer of the funds held in the Trust Account ("INSTRUCTION
LETTER"). You are hereby directed and authorized to transfer the funds held in
the Trust Account immediately upon your receipt of the counsel's letter and the
Instruction Letter, in accordance with the terms of the Instruction Letter. In
the event that certain deposits held in the Trust Account may not be liquidated
by the Consummation Date without penalty, you will notify the Company of the
same and the Company shall direct you as to whether such funds should remain in
the Trust Account and distributed after the Consummation Date to the Company.
Upon the distribution of all the funds in the Trust Account pursuant to the
terms hereof, the Trust Agreement shall be terminated.

In the event that the Business Combination is not consummated on the
Consummation Date described in the notice thereof and we have not notified you
on or before the original Consummation Date of a new Consummation Date, then the
funds held in the Trust Account shall be reinvested as provided in the Trust
Agreement on the business day immediately following the Consummation Date as set
forth in the notice.

                                                 Very truly yours,

                                                 HARBOR ACQUISITION CORPORATION

                                                 By:
                                                     ---------------------------

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                                    EXHIBIT B
                             [LETTERHEAD OF COMPANY]

[INSERT DATE]

Continental Stock Transfer & Trust Company
17 Battery Place
New York, New York 10004
Attn: ________________

Re: Trust Account No. [__________] - Termination Letter

Gentlemen:

     Pursuant to paragraph 1(i) of the Investment Management Trust Agreement
between Harbor Acquisition Corporation. ("COMPANY") and Continental Stock
Transfer & Trust Company ("TRUSTEE"), dated as of , 2005 ("TRUST AGREEMENT"),
this is to advise you that the Board of Directors of the Company has voted to
dissolve and liquidate the Company. Attached hereto is a copy of the minutes of
the meeting of the Board of Directors of the Company relating thereto, certified
by the Secretary of the Company as true and correct and in full force and
effect.

     In accordance with the terms of the Trust Agreement, we hereby authorize
you, to commence liquidation of the Trust Account. You will notify the Company
and Mellon Bank ("DESIGNATED PAYING AGENT") in writing as to when all of the
funds in the Trust Account will be available for immediate transfer ("TRANSFER
DATE").

     The Designated Paying Agent shall thereafter notify you as to the account
or accounts of the Designated Paying Agent that the funds in the Trust Account
should be transferred to on the Transfer Date so that the Designated Paying
Agent may commence distribution of such funds in accordance with the Company's
instructions. You shall have no obligation to oversee the Designated Paying
Agent's distribution of the funds. Upon the payment to the Designated Paying
Agent of all the funds in the Trust Account, the Trust Agreement shall be
terminated.

                                            Very truly yours,

                                            HARBOR ACQUISITION CORPORATION

                                            By:
                                                ---------------------------

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                                    EXHIBIT C

                            AUTHORIZED INDIVIDUAL(S)
             AUTHORIZED FOR TELEPHONE CALL BACK TELEPHONE NUMBER(S)

COMPANY:

     Harbor Acquisition Corporation
     One Boston Place - Suite 3630
     Boston, Massachusetts 02108
     Attn: Chief Executive Officer

TRUSTEE:

     Continental Stock Transfer & Trust Company
     17 Battery Place
     New York, New York 10004
     Attn: ________________

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