Document:

Exhibit 10.2

                            INDEMNIFICATION AGREEMENT

        This  INDEMNIFICATION  AGREEMENT (this  "Agreement") is made and entered
into  this  ____ day of  ______,  2007 (the  "Effective  Date")  by and  between
ENTHRUST FINANCIAL SERVICES,  INC., a Delaware corporation (the "Company"),  and
_______________ (the "Indemnitee").

        WHEREAS,  the  Company  believes it is  essential  to retain and attract
qualified directors and officers;

        WHEREAS, the Indemnitee is a director and/or officer of the Company;

        WHEREAS,  both the Company and the  Indemnitee  recognize  the increased
risk of  litigation  and other  claims  being  asserted  against  directors  and
officers of public companies;

        WHEREAS, the Company's Certificate of Incorporation (the "Certificate of
Incorporation")  and Bylaws (the "Bylaws")  require the Company to indemnify and
advance  expenses to its directors  and officers to the extent  permitted by the
DGCL (as hereinafter defined);

        WHEREAS, the Indemnitee has been serving and intends to continue serving
as a  director  and/or  officer  of the  Company  in  part  in  reliance  on the
Certificate of Incorporation and Bylaws; and

        WHEREAS,  in recognition of the  Indemnitee's  need for (i)  substantial
protection against personal liability based on the Indemnitee's  reliance on the
Certificate  of  Incorporation  and Bylaws,  (ii)  specific  assurance  that the
protection  promised  by the  Certificate  of  Incorporation  and Bylaws will be
available to the Indemnitee, regardless of, among other things, any amendment to
or  revocation of the Bylaws or any change in the  composition  of the Company's
Board of Directors  (the  "Board") or  acquisition  transaction  relating to the
Company,  and (iii) an inducement to continue to provide  effective  services to
the Company as a director and/or officer thereof,  the Company wishes to provide
for  the  indemnification  of the  Indemnitee  and to  advance  expenses  to the
Indemnitee  to the  fullest  extent  permitted  by law and as set  forth in this
Agreement, and, to the extent insurance is maintained by the Company, to provide
for the continued coverage of the Indemnitee under the Company's  directors' and
officers' liability insurance policies.

        NOW, THEREFORE, in consideration of the premises contained herein and of
the Indemnitee continuing to serve the Company directly or, at its request, with
another enterprise, and intending to be legally bound hereby, the parties hereto
agree as follows:

        1.      CERTAIN DEFINITIONS.

                (a)     A "Change in Control"  shall be deemed to have  occurred
if:

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                        (i)     any  "person,"  as such term is used in Sections
13(d) and 14(d) of the  Securities  Exchange  Act of 1934,  as amended,  and the
rules and regulations  thereunder (the "Exchange Act"), other than (a) a trustee
or other  fiduciary  holding  securities  under an employee  benefit plan of the
Company; (b) a corporation owned, directly or indirectly, by the stockholders of
the Company in substantially the same proportions as their ownership of stock of
the Company;  or (c) any current beneficial  stockholder or group, as defined by
Rule 13d-5 of the Exchange  Act,  including  the heirs,  assigns and  successors
thereof,  of  beneficial  ownership,  within  the  meaning  of Rule 13d-3 of the
Exchange  Act,  of  securities  possessing  more than 50% of the total  combined
voting power of the  Company's  outstanding  securities;  hereafter  becomes the
"beneficial  owner," as defined in rule 13d-3 of the Exchange  Act,  directly or
indirectly,  of securities of the Company  representing 20% or more of the total
combined  voting power  represented  by the Company's  then  outstanding  Voting
Securities;

                        (ii)    during  any  period  of two  consecutive  years,
individuals who at the beginning of such period constitute the Board and any new
director whose election by the Board or nomination for election by the Company's
stockholders was approved by a vote of at least two-thirds of the directors then
in office who either  were  directors  at the  beginning  of the period or whose
election or nomination  for election was  previously so approved,  cease for any
reason to constitute a majority thereof; or

                        (iii)   the stockholders of the Company approve a merger
or consolidation of the Company with any other corporation,  other than a merger
or  consolidation  which would  result in the Voting  Securities  of the Company
outstanding  immediately  prior  thereto  continuing  to  represent  (either  by
remaining  outstanding  or by being  converted  into  Voting  Securities  of the
surviving  entity) at least 80% of the total  voting  power  represented  by the
Voting   Securities  of  the  Company  or  such  surviving  entity   outstanding
immediately  after such  merger or  consolidation,  or the  stockholders  of the
Company  approve a plan of complete  liquidation  of the Company or an agreement
for the sale or  disposition by the Company,  in one  transaction or a series of
transactions, of all or substantially all of the Company's assets.

                (b)     "DGCL"  shall mean the  General  Corporation  Law of the
State  of  Delaware,  as  the  same  exists  or  may  hereafter  be  amended  or
interpreted;  provided,  however,  that in the  case of any  such  amendment  or
interpretation, only to the extent that such amendment or interpretation permits
the Company to provide broader  indemnification rights than were permitted prior
thereto.

                (c)     "Expense"  shall  mean  attorneys'  fees  and all  other
costs,   expenses  and   obligations   paid  or  incurred  in  connection   with
investigating,  defending,  being a witness in or participating in (including on
appeal),  or preparing for any of the foregoing,  any Proceeding relating to any
Indemnifiable Event.

                (d)     "Indemnifiable Event" shall mean any event or occurrence
that takes  place  either  prior to or after the  execution  of this  Agreement,
related to the fact that the  Indemnitee  is or was a director or officer of the
Company,  or is or was  serving  at the  request of the  Company as a  director,
officer,  employee,  or agent of another corporation or of a partnership,  joint
venture,

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trust or other  enterprise,  including  service with respect to employee benefit
plans,  or by reason of anything done or not done by the  Indemnitee in any such
capacity.

                (e)     "Potential  Change in Control"  shall be deemed to occur
if (i) the Company enters into an agreement or arrangement,  the consummation of
which would  result in the  occurrence  of a Change in Control;  (ii) any person
(including the Company)  publicly  announces an intention to take or to consider
taking  actions which,  if  consummated,  would  constitute a Change in Control;
(iii) any person  (other than a trustee or other  fiduciary  holding  securities
under an  employee  benefit  plan of the  Company  acting in such  capacity or a
corporation owned, directly or indirectly, by the stockholders of the Company in
substantially  the same  proportions as their ownership of stock of the Company)
who is or becomes the beneficial owner, directly or indirectly, of securities of
the  Company  representing  10% or  more of the  combined  voting  power  of the
Company's then outstanding  Voting  Securities,  increases his or her beneficial
ownership of such  securities by 5% or more over the percentage so owned by such
person on the date hereof;  or (iv) the Board adopts a resolution  to the effect
that,  for  purposes  of this  Agreement,  a  Potential  Change in  Control  has
occurred.

                (f)     "Proceeding"  shall  mean  any  threatened,  pending  or
completed  action,  suit,  investigation or proceeding,  and any appeal thereof,
whether civil,  criminal,  administrative or investigative and/or any inquiry or
investigation,  whether  conducted by the Company or any other  party,  that the
Indemnitee  in good faith  believes  might lead to the  institution  of any such
action.

                (g)     "Reviewing  Party" shall mean any appropriate  person or
body  consisting  of a member or  members  of the  Company's  Board or any other
person or body appointed by the Board (including the special independent counsel
referred to in Section 6) who is not a party to the particular  Proceeding  with
respect to which the Indemnitee is seeking indemnification.

                (h)     "Voting  Securities"  shall mean any  securities  of the
Company which vote generally in the election of directors.

        2.      INDEMNIFICATION.  In the event the  Indemnitee was or is a party
to or is involved (as a party,  witness,  or  otherwise)  in any  Proceeding  by
reason of (or arising in part out of) an Indemnifiable  Event, whether the basis
of the Proceeding is the Indemnitee's  alleged action in an official capacity as
a director or officer or in any other  capacity  while  serving as a director or
officer,  the Company  shall  indemnify  the  Indemnitee  to the fullest  extent
permitted  by the  DGCL  against  any  and all  Expenses,  liability,  and  loss
(including judgments,  fines, ERISA excise taxes or penalties,  and amounts paid
or to be paid in  settlement,  and any interest,  assessments,  or other charges
imposed thereon, and any federal,  state, local, or foreign taxes imposed on any
director or officer as a result of the actual or deemed  receipt of any payments
under this  Agreement)  (collectively,  "Liabilities")  reasonably  incurred  or
suffered by such person in connection  with such  Proceeding.  The Company shall
provide indemnification  pursuant to this Section 2 as soon as practicable,  but
in no  event  later  than 30 days  after it  receives  written  demand  from the
Indemnitee.  Notwithstanding  anything in this  Agreement  to the  contrary  and
except as provided in Section 5 below,  the Indemnitee  shall not be entitled to
indemnification pursuant to this Agreement (i) in connection with any Proceeding
initiated  by the  Indemnitee  against the

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Company or any director or officer of the Company  unless the Company has joined
in or consented to the  initiation of such  Proceeding or (ii) on account of any
suit in which judgment is rendered  against the  Indemnitee  pursuant to Section
16(b) of the Exchange Act for an accounting of profits made from the purchase or
sale by the Indemnitee of securities of the Company.

        3.      ADVANCEMENT OF EXPENSES.  The Company shall advance  Expenses to
the Indemnitee  within 30 business days of such request (an "Expense  Advance");
provided,  however,  that if required by applicable corporate laws such Expenses
shall be advanced only upon delivery to the Company of an  undertaking  by or on
behalf of the  Indemnitee  to repay such amount if it is  ultimately  determined
that the  Indemnitee  is not  entitled to be  indemnified  by the  Company;  and
provided  further,  that the Company shall make such advances only to the extent
permitted  by law.  Expenses  incurred  by the  Indemnitee  while not  acting in
his/her  capacity as a director or officer,  including  service  with respect to
employee  benefit  plans,  may be advanced upon such terms and conditions as the
Board, in its sole discretion, deems appropriate.

        4.      REVIEW  PROCEDURE  FOR   INDEMNIFICATION.   Notwithstanding  the
foregoing, (i) the obligations of the Company under Sections 2 and 3 above shall
be subject to the condition that the Reviewing  Party shall not have  determined
(in a written  opinion,  in any case in which the  special  independent  counsel
referred to in Section 6 hereof is involved)  that the  Indemnitee  would not be
permitted to be indemnified under applicable law, and (ii) the obligation of the
Company to make an Expense Advance  pursuant to Section 3 above shall be subject
to the  condition  that,  if,  when and to the extent that the  Reviewing  Party
determines that the Indemnitee would not be permitted to be so indemnified under
applicable law, the Company shall be entitled to be reimbursed by the Indemnitee
(who hereby  agrees to reimburse  the Company) for all such amounts  theretofore
paid; provided,  however, that if the Indemnitee has commenced legal proceedings
in a court of  competent  jurisdiction  pursuant  to Section 5 below to secure a
determination  that the Indemnitee  should be indemnified  under applicable law,
any  determination  made by the Reviewing Party that the Indemnitee would not be
permitted to be  indemnified  under  applicable law shall not be binding and the
Indemnitee  shall not be  required  to  reimburse  the  Company  for any Expense
Advance until a final judicial determination is made with respect thereto (as to
which all rights of appeal  therefrom have been  exhausted or have lapsed).  The
Indemnitee's  obligation to reimburse the Company for Expense Advances  pursuant
to this Section 4 shall be unsecured and no interest  shall be charged  thereon.
The  Reviewing  Party shall be selected  by the Board,  unless  there has been a
Change in Control,  other than a Change in Control  which has been approved by a
majority of the Company's  Board who were  directors  immediately  prior to such
Change in  Control,  in which  case the  Reviewing  Party  shall be the  special
independent counsel referred to in Section 6 hereof.

        5.      ENFORCEMENT OF  INDEMNIFICATION  RIGHTS.  If the Reviewing Party
determines  that the  Indemnitee  substantively  would  not be  permitted  to be
indemnified in whole or in part under  applicable  law, or if the Indemnitee has
not  otherwise  been paid in full  pursuant to Sections 2 and 3 above  within 30
days after a written  demand has been  received by the Company,  the  Indemnitee
shall  have the  right  to  commence  litigation  in any  court in the  State of
Delaware having subject matter jurisdiction thereof and in which venue is proper
to recover the unpaid amount of the demand (an "Enforcement Proceeding") and, if
successful in whole or in part, the Indemnitee  shall be entitled to be paid any
and all Expenses in connection  with such

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Enforcement  Proceeding.  The Company hereby  consents to service of process for
such Enforcement  Proceeding and to appear in any such  Enforcement  Proceeding.
Any  determination  by the Reviewing  Party  otherwise  shall be conclusive  and
binding on the Company and the Indemnitee.

        6.      CHANGE IN CONTROL.  The Company agrees that if there is a Change
in  Control  of the  Company,  other  than a Change  in  Control  which has been
approved by a majority of the  Company's  Board who were  directors  immediately
prior to such Change in  Control,  then with  respect to all matters  thereafter
arising  concerning  the rights of the  Indemnitee  to  indemnity  payments  and
Expense Advances under this Agreement or any other agreement or under applicable
law or the Company's  Certificate of Incorporation or Bylaws now or hereafter in
effect relating to indemnification  for Indemnifiable  Events, the Company shall
seek  legal  advice  only  from  special  independent  counsel  selected  by the
Indemnitee and approved by the Company, which approval shall not be unreasonably
withheld.  Such special  independent  counsel shall not have otherwise performed
services for the Company or the  Indemnitee,  other than in connection with such
matters,  within the last five years. Such independent counsel shall not include
any person who,  under the  applicable  standards of  professional  conduct then
prevailing, would have a conflict of interest in representing either the Company
or the Indemnitee in an action to determine the  Indemnitee's  rights under this
Agreement. Such counsel, among other things, shall render its written opinion to
the Company and the  Indemnitee as to whether and to what extent the  Indemnitee
would be permitted to be indemnified under applicable law. The Company agrees to
pay the reasonable fees of the special independent counsel referred to above and
to  indemnify  fully  such  counsel  against  any  and all  expenses  (including
attorneys' fees), claims,  liabilities and damages arising out of or relating to
this Agreement or the engagement of special independent counsel pursuant to this
Agreement.

        7.      ESTABLISHMENT  OF TRUST.  In the event of a Potential  Change in
Control,  the Company shall,  upon written request by the  Indemnitee,  create a
trust (the  "Trust")  for the benefit of the  Indemnitee,  and from time to time
upon  written  request of the  Indemnitee  shall fund such Trust,  to the extent
permitted  by law,  in any amount  sufficient  to satisfy  any and all  Expenses
reasonably  anticipated  at the time of each  such  request  to be  incurred  in
connection  with  investigating,  preparing  for and  defending  any  proceeding
relating to an Indemnifiable Event, and any and all judgments,  fines, penalties
and settlement  amounts of any and all Proceedings  relating to an Indemnifiable
Event from time to time  actually  paid or claimed,  reasonably  anticipated  or
proposed to be paid. The amount or amounts to be deposited in the Trust pursuant
to the foregoing funding  obligation shall be determined by the Reviewing Party,
in any case in which the special independent counsel referred to in Section 6 is
involved. The terms of the Trust shall provide that upon a Change in Control (i)
the Trust shall not be revoked or the  principal  thereof  invaded,  without the
written consent of the Indemnitee, (ii) the trustee of the Trust (the "Trustee")
shall advance, within ten business days of a request by the Indemnitee,  any and
all  Expenses  to the  Indemnitee,  to the  extent  permitted  by law,  (and the
Indemnitee  hereby agrees to reimburse the Trust under the  circumstances  under
which the Indemnitee  would be required to reimburse the Company under Section 4
of this  Agreement),  (iii) the Trust shall continue to be funded by the Company
in  accordance  with the funding  obligation  set forth above,  (iv) the Trustee
shall promptly pay to the Indemnitee all amounts for which the Indemnitee  shall
be entitled to indemnification  pursuant to this Agreement or otherwise, and (v)
all  unexpended

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funds in the Trust shall revert to the Company upon a final determination by the
Reviewing Party or a court of competent  jurisdiction,  as the case may be, that
the Indemnitee has been fully indemnified under the terms of this Agreement. The
Trustee shall be a bank or trust company or other individual or entity chosen by
the Indemnitee and acceptable to and approved of by the Company. Nothing in this
Section  7 shall  relieve  the  Company  of any of its  obligations  under  this
Agreement.  All income  earned on the assets held in the Trust shall be reported
as income by the Company for federal, state, local and foreign tax purposes.

        8.      PARTIAL  INDEMNITY.  If the  Indemnitee  is  entitled  under any
provision  of this  Agreement  to  indemnification  by the Company for some or a
portion of the Expenses and Liabilities, but not, however, for the entire amount
thereof, the Company shall nevertheless indemnify the Indemnitee for the portion
thereof to which the Indemnitee is entitled. Moreover, notwithstanding any other
provision  of this  Agreement,  to the  extent  that  the  Indemnitee  has  been
successful  on the merits or  otherwise  in  defense  of any or all  Proceedings
relating  in whole or in part to an  Indemnifiable  Event or in  defense  of any
issue or matter therein,  including dismissal without prejudice,  the Indemnitee
shall be indemnified against all Expenses incurred in connection  therewith.  In
connection  with any  determination  by the  Reviewing  Party or otherwise as to
whether the  Indemnitee is entitled to be indemnified  hereunder,  the burden of
proof  shall  be on the  Company  to  establish  that the  Indemnitee  is not so
entitled.

        9.      NON-EXCLUSIVITY. The rights of the Indemnitee hereunder shall be
in  addition  to any other  rights the  Indemnitee  may have under any  statute,
provision of the  Company's  Certificate  of  Incorporation  or Bylaws,  vote of
stockholders or  disinterested  directors or otherwise,  both as to action in an
official  capacity  and as to action in  another  capacity  while  holding  such
office. To the extent that a change in the DGCL permits greater  indemnification
by agreement than would be afforded currently under the Company's Certificate of
Incorporation  and Bylaws and this  Agreement,  it is the intent of the  parties
hereto that the Indemnitee  shall enjoy by this Agreement the grater benefits so
afforded by such change.

        10.     LIABILITY  INSURANCE.  To the extent the  Company  maintains  an
insurance  policy or  policies  providing  directors'  and  officers'  liability
insurance,  the  Indemnitee  shall be covered  by such  policy or  policies,  in
accordance  with its or their  terms,  to the  maximum  extent  of the  coverage
available for any director or officer of the Company.

        11.     SETTLEMENT  OF  CLAIMS.  The  Company  shall  not be  liable  to
indemnify  the  Indemnitee  under this  Agreement  (a) for any  amounts  paid in
settlement  of any  action  or claim  effected  without  the  Company's  written
consent,  which  consent  shall  not be  unreasonably  withheld;  or (b) for any
judicial award if the Company was not given a reasonable and timely opportunity,
at its expense, to participate in the defense of such action.

        12.     NO PRESUMPTION.  For purposes of this Agreement,  to the fullest
extent  permitted by law, the  termination of any  Proceeding,  action,  suit or
claim, by judgment,  order,  settlement (whether with or without court approval)
or conviction, or upon a plea of nolo contendere,  or its equivalent,  shall not
create a presumption that the Indemnitee did not meet any particular standard of
conduct  or have any  particular  belief  or that a court  has  determined  that
indemnification is not permitted by applicable law.

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        13.     PERIOD OF  LIMITATIONS.  No legal action shall be brought and no
cause  of  action  shall be  asserted  by or on  behalf  of the  Company  or any
affiliate of the Company against the Indemnitee, the Indemnitee's spouse, heirs,
executors or personal or legal representatives after the expiration of two years
form the date of accrual of such cause of action,  or such longer  period as may
be  required  by state law under  the  circumstances,  and any claim or cause of
action of the Company or its affiliate shall be extinguished and deemed released
unless  asserted by the timely  filing of a legal  action  within  such  period;
provided,  however,  that if any  shorter  period of  limitations  is  otherwise
applicable to any such cause of action, such shorter period shall govern.

        14.     CONSENT  AND  WAIVER BY THIRD  PARTIES.  The  Indemnitee  hereby
represents and warrants that he or she has obtained all waivers and/or  consents
from  third  parties  which are  necessary  for his or her  employment  with the
Company on the terms and  conditions set forth herein and to execute and perform
this Agreement without being in conflict with any other agreement, obligation or
understanding  with any such third party.  The Indemnitee  represents that he or
she is not bound by any  agreement  or any other  existing or previous  business
relationship  which conflicts with, or may conflict with, the performance of his
or her  obligations  hereunder  or prevent  the full  performance  of his or her
duties and obligations hereunder.

        15.     AMENDMENT OF THIS  AGREEMENT.  No  supplement,  modification  or
amendment of this Agreement  shall be binding unless executed in writing by both
of the parties  hereto.  No waiver of any of the  provisions  of this  Agreement
shall be deemed or shall  constitute  a waiver  of any other  provisions  hereof
(whether or not similar),  nor shall such waiver constitute a continuing waiver.
Except as specifically  provided herein,  no failure to exercise or any delay in
exercising any right or remedy hereunder, shall constitute a waiver thereof.

        16.     SUBROGATION.  In the event of payment under this Agreement,  the
Company  shall be  subrogated to the extent of such payment to all of the rights
of recovery of the  Indemnitee,  who shall execute all papers required and shall
do  everything  that may be  necessary  to secure  such  rights,  including  the
execution of such documents necessary to enable the Company effectively to bring
suit to enforce such rights.

        17.     NO  DUPLICATION  OF  PAYMENTS.  The Company  shall not be liable
under  this  Agreement  to make any  payment in  connection  with any claim made
against  Indemnitee to the extent the Indemnitee has otherwise actually received
payment (under any insurance policy, Bylaw, vote, agreement or otherwise) of the
amounts otherwise indemnifiable hereunder.

        18.     BINDING  EFFECT.  This Agreement shall be binding upon and inure
to the benefit of and be enforceable by the parties hereto and their  respective
successors,  assigns,  including  any direct or indirect  successor by purchase,
merger,  consolidation or otherwise to all or substantially  all of the business
and/or  assets  of  the  Company,   spouses,   heirs,  and  personal  and  legal
representatives.  The Company  shall  require and cause any  successor  (whether
direct or indirect by purchase,  merger,  consolidation  or  otherwise)  to all,
substantially  all, or a substantial  part, of the business and/or assets of the
Company,  by  written  agreement  in  form  and  substance  satisfactory  to the
Indemnitee,  expressly to assume and agree to perform this Agreement in the same
manner and to the same extent  that the Company  would be required to perform if
no such

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succession had taken place.  This Agreement shall continue in effect  regardless
of whether  the  Indemnitee  continues  to serve as a director or officer of the
Company or of any other enterprise at the Company's request.

        19.     SEVERABILITY.   The  provisions  of  this  Agreement   shall  be
severable  in the  event  that  any  of the  provisions  hereof  (including  any
provision within a single section,  paragraph or sentence) is held by a court of
competent jurisdiction to be invalid, void or otherwise  unenforceable,  and the
remaining provisions shall remain enforceable to the fullest extent permitted by
law.  Furthermore,  to the  fullest  extent  possible,  the  provisions  of this
Agreement  (including,  without  limitation,  each  portion  of  this  Agreement
containing  any provision  held to be invalid,  void or otherwise  unenforceable
that is not itself invalid,  void or unenforceable)  shall be construed so as to
give effect to the intent  manifested by the provision held invalid,  illegal or
unenforceable.

        20.     GOVERNING LAW. This Agreement shall be governed by and construed
and enforced in accordance with the laws of the State of Delaware  applicable to
contracts  made and to be performed in such State  without  giving effect to the
principles of conflicts of laws.

        21.     COUNTERPARTS.  This  Agreement  may be  executed  in one or more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

        22.     NOTICES. All notices, demands, and other communications required
or permitted hereunder shall be made in writing and shall be deemed to have been
duly given if delivered by hand,  against receipt,  or mailed,  postage prepaid,
certified or registered  mail,  return receipt  requested,  and addressed to the
Company at:

                      1270 Avenue of the Americas, 16th floor
                      New York, NY 10020
                      Attention: Edward Rubin, President

        and to the Indemnitee at:

                      ----------------------------------

                      ----------------------------------

                      ----------------------------------

        Notice  of  change  of  address  shall be  effective  only  when done in
accordance with this Section.  All notices  complying with this Section shall be
deemed to have been  received on the date of  delivery or on the third  business
day after mailing.

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        IN WITNESS WHEREOF,  the parties hereto have duly executed and delivered
this Agreement as of the day first set forth above.

                                        THE COMPANY:

                                        ENTHRUST FINANCIAL SERVICES, INC.

                                        By: ____________________________________

                                        Name: __________________________________

                                        Title: _________________________________

                                        INDEMNITEE:

                                        ________________________________________

                                        Print Name: ____________________________

                                       9Exhibit 10.3

                             DISTRIBUTION AGREEMENT

        AGREEMENT made as of the __ day of July 2007 among Rodman & Renshaw
Holding, LLC, a Delaware limited liability company ("HOLDING"), Paul Revere,
LLC, a Delaware limited liability company ("PR"), R&R Capital Group, Inc.
("RRCG"), a Delaware corporation that has elected to be taxed under subchapter
"S" of the Internal Revenue Code of 1986, as amended (the "CODE") and the
persons listed on Schedule A hereto (the "STOCKHOLDERS"), who constitute all of
the present stockholders of RRCG.

                               W I T N E S S E T H
                               - - - - - - - - - -

        WHEREAS, PR and RRCG (each a "Member" and, collectively,  the "Members")
own all of the membership interests of Holding; and

        WHEREAS, pursuant to a Securities Purchase Agreement, dated as of March
1, 2007, Holding agreed not to make any cash distributions with respect to its
shares other than a Tax Payment Distribution as defined in the Amended and
Restated Limited Liability Operating Agreement of Holding (the "OPERATING
AGREEMENT"); and

        WHEREAS, pursuant to an Exchange Agreement, dated as of the date hereof
(the "EXCHANGE AGREEMENT"), PR has agreed to contribute its entire membership
interest in Holding to Enthrust Financial Services, Inc., a Delaware corporation
("ENTHRUST") in exchange for shares of Enthrust's common stock, par value $.001
per share (the "COMMON STOCK") and the Stockholders have agreed to contribute
their shares in RRCG to Enthrust in exchange for Common Stock (such transactions
being herein referred to as the "Exchange"); and

        WHEREAS, Holding intends to make a final Tax Payment Distribution to the
Members as set forth below; and

        WHEREAS, the parties hereto have agreed upon the following procedures
with respect to the final Tax Payment Distribution.

        NOW, THEREFORE, for good and valuable consideration, the sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:

        1.      On or  before  the  date  hereof,  Holding  has  calculated,  in
conjunction with its tax advisors,  an estimate of Holding's  taxable income for
the period beginning on January 1, 2007 and ending on the projected closing date
(such  period being  herein  referred to as the "SHORT  PERIOD") of the Exchange
(such amount being herein  referred to as the  "ESTIMATED  SHORT PERIOD  TAXABLE
INCOME").

        2.      Immediately  prior to the consummation of the Exchange,  Holding
will  distribute  to PR and RRCG,  70% and 30%,  respectively,  an  amount  (the
"PRELIMINARY  FINAL  DISTRIBUTION")  not to  exceed  80% of the  product  of (a)
45.498% (which is the maximum combined  individual,  Federal, New York State and
New York City  income tax rate as  determined  by  Holding's  tax  advisor,  and
referred to herein as the  "APPLICABLE  TAX RATE") and (b) the  Estimated  Short
Period Taxable Income.

        3.      Following  the date on which the  Exchange is  consummated,  and
within the periods  required by  applicable  federal,  state and local tax laws,
Holding will prepare and file final tax returns  (federal,  state and local) for
the Short-Period (the "FINAL TAX RETURNS"), which shall
<PAGE>

set forth all of the items of income, gain, deduction, loss and credit making up
Holding's consolidated taxable income for the Short Period ("ACTUAL SHORT PERIOD
TAXABLE INCOME") and shall deliver Schedules K-1 to each of PR and RRCG as filed
with the Final Tax Returns.

        4.      Within  10 days  after the  filing  of the  Final  Tax  Returns,
Holding shall make a supplemental  payment to PR and the  Stockholders,  70% and
30%,  respectively,  in an amount equal to (a) the product of (i) the Applicable
Tax Rate and (ii) the Actual Short Period Income  ("ACTUAL  TAXES") less (b) the
Preliminary  Final  Distribution.  Any  amount  determined  to  be  due  to  the
Stockholders shall be paid to them in accordance with their respective interests
as set forth on Schedule A hereto.

        5.      In the event that the Preliminary Final Distribution exceeds the
Actual Taxes (the  "EXCESS  DISTRIBUTION"),  Holding  shall so notify PR and the
Stockholders  and,  within thirty (30) days of receipt of such notice,  PR shall
reimburse  Holding 70% of such Excess  Distribution and the  Stockholders  shall
reimburse  Holding 30% of such Excess  Distribution,  in  accordance  with their
respective interests as set forth on Schedule A hereto.

        6.      Miscellaneous

        (a)     All notices,  consents,  waivers and other  communications under
this  Agreement  must be in  writing  and will be deemed to have been duly given
when (a) delivered by hand (with written  confirmation of receipt),  (b) sent by
telecopier (with written  confirmation of receipt),  or (c) when received by the
addressee,  if  sent  by a  nationally  recognized  overnight  delivery  service
(receipt  requested),  in each case to the appropriate  addresses and telecopier
numbers set forth below (or to such other addresses and telecopier  numbers as a
party may designate by written notice to the other parties):

If to Holding:

                1270 Avenue of the Americas, 16th Floor
                New York, NY 10020
                Attention: Thomas Pinou, Chief Financial Officer
                Facsimile No.:  212-356-0532

If to PR:

                c/o Rodman & Renshaw, LLC
                1270 Avenue of the Americas, 16th Floor
                New York, NY 10020
                Attention: Mr. Edward Rubin
                Facsimile No.:  212-356-0537

If to any Stockholder to the
address set forth next to such Stockholder's
name on Schedule A

                                       2
<PAGE>

In each case, with a copy to:

                Morse Zelnick Rose & Lander, LLP
                405 Park Avenue, Suite 1401
                New York, New York 10022
                Attention:  Kenneth S. Rose, Esq.
                Facsimile No.:  212-838-9190

        (b)     Any dispute or controversy under this Agreement shall be settled
exclusively  by  arbitration  in the  City of New  York,  County  of New York in
accordance  with  the  rules of the  American  Arbitration  Association  then in
effect.  Judgment  may be entered on the  arbitration  award in any court having
jurisdiction.

        (c)     The parties agree (i) to furnish upon request to each other such
further  information,  (ii) to  execute  and  deliver  to each  other such other
documents,  and (iii) to do such other acts and  things,  all as any other party
may  reasonably  request  for the  purpose  of  carrying  out the intent of this
Agreement.

        (d)     This  Agreement  supersedes  all prior  agreements  between  the
parties  with  respect to its  subject  matter and  constitutes  a complete  and
exclusive  statement  of the terms of the  agreement  between the  parties  with
respect to its subject  matter.  This  Agreement may not be amended  except by a
written  agreement  executed by the party against whom the  enforcement  of such
amendment is sought.

        (e)     No party may  assign  any of its  rights  under  this  Agreement
without the prior consent of the other parties,  except that RRCG may assign any
of its rights to the  Stockholders.  Subject  to the  preceding  sentence,  this
Agreement  will  apply to, be  binding in all  respects  upon,  and inure to the
benefit of and be enforceable by the respective successors and permitted assigns
of the parties.  This Agreement and all of its provisions and conditions are for
the sole and  exclusive  benefit  of the  parties  to this  Agreement  and their
successors and assigns.

        (f)     If  any   provision  of  this   Agreement  is  held  invalid  or
unenforceable  by any court of competent  jurisdiction,  the other provisions of
this  Agreement  will remain in full force and  effect.  Any  provision  of this
Agreement  held invalid or  unenforceable  only in part or degree will remain in
full force and effect to the extent not held invalid or unenforceable.

        (g)     The  headings of Sections in this  Agreement  are  provided  for
convenience  only and will not affect its  construction or  interpretation.  All
references  to "Section" or  "Sections"  refer to the  corresponding  Section or
Sections of this  Agreement.  All words used in this Agreement will be construed
to be of such gender or number as the  circumstances  require.  Unless otherwise
expressly  provided,  the word "including" does not limit the preceding words or
terms.

        (h)     This  Agreement will be governed by the laws of the State of New
York without regard to conflicts of laws principles.

        (i)     This Agreement may be executed in one or more counterparts, each
of which  will be deemed to be an  original  copy of this  Agreement  and all of
which,  when  taken  together,  will be  deemed to  constitute  one and the same
agreement.

                                       3
<PAGE>

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first set forth above.

                                                RODMAN & RENSHAW HOLDING, LLC

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

                                                PAUL REVERE, LLC

                                                By:
                                                   -----------------------------
                                                   Name: Edward Rubin
                                                   Title: Authorized Member

                                                R&R Capital Group, Inc.

                                                By:
                                                   -----------------------------
                                                   John J. Borer, III.
                                                   Chief Executive Officer

                                                RRCG STOCKHOLDERS:

                                                --------------------------------
                                                John J. Borer III

                                                --------------------------------
                                                Barry Bryant

                                                --------------------------------
                                                John Gleason

                                                --------------------------------
                                                Arthur Herbert

                                                --------------------------------
                                                Lester Hochberg

                                                --------------------------------
                                                Stefanie Deoleo

                                                --------------------------------
                                                Katherine Hochberg

                                                --------------------------------
                                                George Kowski

                                                --------------------------------
                                                Timothy Papp

                                                --------------------------------
                                                Thomas Pinou

                                       4
<PAGE>

                                   SCHEDULE A
                                   ----------

                                  STOCKHOLDERS
                                  ------------

       NAME                            ADDRESS                         INTEREST
       ----                            -------                         --------
                               377 Ravine Drive
John J. Borer, III             South Orange, NJ 07079                   40.690%

                               147 South Windsor Avenue
Barry Bryant                   Brightwaters, NY 11718                    4.994%

                               13717 Shoal Summit Drive
John Gleason                   San Diego, CA 92128                       9.090%

                               531 Garden Street, Apt. 1
Arthur Herbert                 Hoboken, NJ 07030                         2.962%

                               45 East 89th Street, Apt. 21F
Lester Hochberg                New York, NY 10128                       18.218%

                               45 East 89th Street, Apt. 21F
Stefanie Deoleo                New York, NY 10128                        1.493%

                               45 East 89th Street, Apt. 21F
Katherine Hochberg             New York, NY 10128                        1.493%

                               39 Woods Road
                               P.O. Box 68
George Kowski                  Yulan, NY 12792                          13.750%

                               2037 Delancey Pl., Apt. 1F
Timothy Papp                   Philadelphia, PA 19103                    0.068%

                               31 Sunken Meadow Road
Thomas Pinou                   Fort Salonga, NY 11768                    7.243%

TOTAL                                                                   100.0%

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