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                                                                    EXHIBIT 10.3

                  FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT

     This Agreement is made as of _______ __, 2006 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. 333-126300
("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, $57,800,000 of the
gross proceeds of the IPO ($66,350,000 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, a portion of the Property consists of $1,350,000 attributable to
the underwriters' non-accountable expense allowance which FBW has agreed to
deposit in the Trust Account; and

     WHEREAS, a portion of the Property consists of $1,300,000 attributable to
the private placement of warrants issued by the Company to certain of its
initial stockholders; and

     WHEREAS, a portion of the Property consists of a loan in the principal
amount of $150,000 from certain of the initial stockholders of the Company; 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 JPMorgan Chase Bank, N.A.
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;

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          (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;

          (i)  As of the date of the consummation of a business combination
("BUSINESS COMBINATION"), commence liquidation of the Trust Account upon receipt
of the Officers' Certificate signed by the Chief Executive Officer and Chief
Financial Officer of the Company and in accordance with the terms of a letter
("Termination Letter"), in a form substantially similar to that attached hereto
as EXHIBIT A, signed on behalf of the Company by its President or Chairman of
the Board and Secretary or Assistant Secretary. The Trustee shall complete the
liquidation of the Trust Account and distribute the Property in the Trust
Account to the Beneficiaries as directed in the Termination Letter and the other
documents referred to therein. The Trustee understands and agrees that, except
as provided in Section 2, disbursements from the Trust Account shall be made
only pursuant to a duly executed Termination Letter, together with the other
documents referenced herein, including, without limitation, an independently
certified oath and report of inspector of election in respect of the shareholder
vote for a Business Combination. In all cases, the Trustee shall provide FBW
with a copy of any Termination Letters, Officers' Certificates and/or any other
correspondence that it receives with respect to any proposed withdrawal from the
Trust Account promptly after it receives same; and

          (j)  As of the date 18 months from the date of this Agreement (the
"LOI TERMINATION DATE") (or 24 months from the date hereof ("SECOND TERMINATION
DATE") provided the Trustee receives a bona fide, executed letter of intent or
engagement letter (the "LETTER OF INTENT") for a Business Combination), commence
liquidation of the Trust Account in accordance with the terms of a Termination
Letter, in a form substantially similar to that attached hereto as EXHIBIT B,
signed on behalf of the Company by its President or Chairman of the Board and
Secretary of Assistant Secretary. The Trustee, upon consultation with the
Company and FBW, shall file a press release immediately to notify the Public
Stockholders of such event and take such other actions as it may deem necessary
to inform the Beneficiaries. In addition, the Trustee shall deliver the Property
against satisfactory evidence of delivery of the stock certificates by the
Public Stockholders to the Company through the Depository Trust Company, its
Deposit Withdraw Agent Commission (DWAC) system or otherwise. Notwithstanding
the foregoing, if the Trustee receives an executed Letter of Intent prior to the
LOI Termination Date accompanied by an Officers' Certificate as described in
Paragraph 2(e) hereof, then the Trustee shall forego or suspend any liquidation
of the Trust Account until the earlier of a Business Combination or 24 months
from the date hereof.

     2.   LIMITED DISTRIBUTIONS OF INCOME FROM TRUST ACCOUNT.

          (a)  Upon receipt by the Trustee of an Officer's Certificate signed by
the Chief Executive Officer and Chief Financial Officer of the Company
certifying as true, accurate and complete a copy of any tax returns required to
be filed on behalf of the Trust Account and the Company in respect of income
earned on the Trust Account and certifying the amount of tax allocable to said
income, the Trustee shall deliver to the Company for submission to the
appropriate taxing authority a check made payable to the order of such taxing
authority in the amount required to pay such taxes.

          (b)  Upon written request from the Company, which may be given not
more than once in any calendar month, the Trustee shall distribute to the
Company an amount equal to the income earned on the Trust Account; less any
amounts previously distributed; PROVIDED, HOWEVER, that the maximum amount of
distributions, net of taxes, that the Company may request and the Trustee shall
distribute pursuant to this Section 2(b) shall be $1,650,000 or $1,850,000 if
the over-allotment is exercised by the underwriters.

          (c)  Except as provided in Section 2(a) and 2(b) above, no other
distributions from the Trust Account shall be permitted except in accordance
with Sections 1(i) and 1(j) hereof.

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

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          (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).

          (d)  In the event that the Company consummates a Business Combination
and the Trust Account is liquidated in accordance with Paragraph 1(i) hereof,
the Trustee or another independent party designated by FBW shall act as the
inspector of election to certify the results of the shareholder vote.

          (e)  The Officers' Certificate referenced in Section 1(i) hereof shall
require the Chief Executive Officer and Chief Financial Officer of the Company
to each certify either of the following: (1) prior to the LOI Termination Date,
the Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; or (2)(A) prior to the LOI Termination Date, the Company
has entered into a bona fide Letter of Intent with a target business, and (B)
prior to the Second Termination Date, the Company has entered into a Business
Combination with a target business, the terms of which are consistent with the
requirements set forth in the Registration Statement.

          (f)  The Company hereby agrees, in connection with the vote of the
Company's stockholders regarding a Business Combination, to provide to the
Trustee an affidavit or certificate of a firm regularly engaged in the business
of soliciting proxies and tabulating stockholder votes (which firm may be the
Trustee) verifying the vote of the Company's stockholders regarding such
Business Combination.

     4.   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;

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          (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;

          (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; and

          (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.

     5.   CERTAIN RIGHTS OF TRUSTEE.

          (a)  Before the Trustee acts or refrains from acting, it may require
an Officers' Certificate or opinion of counsel or both. The Trustee shall not be
liable for any action it takes or omits to take in good faith in reliance on
such Officers' Certificate or opinion of counsel. The Trustee may consult with
counsel and the advice of such counsel or any opinion of counsel shall be full
and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon.

          (b)  The Trustee may act through its attorneys and agents and shall
not be responsible for the misconduct or negligence of any agent appointed with
due care.

          (c)  The Trustee shall not be liable for ay action it takes or omits
to take in good faith that it believes to be authorized or within the rights or
powers conferred upon it by this Agreement.

          (d)  The Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Agreement; it shall not be
accountable for the Company's use of the proceeds from the Trust Account.
Notwithstanding the effective date of this Agreement or anything to the contrary
contained in this Agreement, the Trustee shall have no liability or
responsibility for any act or event relating to this Agreement or the
transactions related thereto which occurs prior to the date of this Agreement,
and shall have no contractual obligations or fiduciary duties to the
Beneficiaries until the date of this Agreement.

     6.   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

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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 ______, 2008, 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) or (j) hereof.

     7.   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.

          (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: Felix Orihuela
               Fax No.: (212) 509-5150

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               if to the Company, to:

               Harbor Acquisition Corporation
               One Boston Place - Suite 3630
               Boston, Massachusetts 02108
               Attn: Chief Executive Officer
               Fax No.: (617) 624-8416

               in either case with a copy to:

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

          (f)  This Agreement may not be assigned by the Trustee without the
prior consent of the Company and FBW. This Agreement may be assigned by the
Company upon written notice to the Trustee. The parties acknowledge that the
Company intends to assign its rights hereunder to a wholly-owned subsidiary
qualifying as a "security corporation" under Massachusetts tax law.

          (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.

          (i)  The parties hereto acknowledge that the trust established hereby
shall be a "grantor" trust within the meaning of Sections 671-679 of the
Internal Revenue Code of 1986, as amended, and that as result, the Company shall
be taxable on the income of the Trust Account during all or a portion of the
term hereof. The parties agree that all Federal, state and local income taxes
upon the income of the Trust Account shall be allocated entirely to the Trust
Account and paid by the Trustee pursuant to Section 2(a) hereof, and that the
Trustee may conclusively rely upon the Officers' Certificate referred to in said
Section 2(a) as to the computation and amount of all taxes allocable to the
Trust Account pursuant hereto.

     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 , 2006 ("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") and provide you
with an Officer's Certificate in accordance with Paragraphs 1(i) and 3(e) of the
Trust Agreement.

     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 in writing 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, (ii)
the Company shall deliver the oath and report of inspector of election certified
by an independent inspector which may be the Trustee or as otherwise appointed
by FBW (collectively, the "Report"); and (iii) the Company and FBW shall deliver
to you written instructions with respect to the transfer of the funds held in
the Trust Account ("Instruction Letter") along with satisfactory evidence of
delivery of the stock certificates from the Public Stockholders through the
Depository Trust Company, its Deposit Withdraw agent Commission (DWAC) system or
otherwise (the "Stock Certificates"). You are hereby directed and authorized to
transfer the funds held in the Trust Account immediately upon your receipt of
the counsel's letter, the Report, evidence of delivery of the Stock
Certificates, the Officers' Certificates 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 and FBW of the same and the
Company and FBW shall issue joint written instructions directing you as to
whether such funds should remain in the Trust Account and distributed after the
Consummation Date to the Company and/or FBW. 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 , 2006 ("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. All terms not defined herein shall have the meanings ascribed to them in
the Trust Agreement.

     In accordance with the terms of the Trust Agreement, we hereby acknowledge
and agree that you have full authority to commence liquidation of the Trust
Account immediately on the LOI Termination Date (unless certain conditions have
been satisfied in accordance with the terms of the Trust Agreement) or Second
Termination Date, whichever is applicable. You will notify the Company, FBW and
JPMorgan Chase Bank, N.A. ("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; provided, however, that satisfactory evidence of delivery of the
stock certificates from the Public Stockholders through the Depository Trust
Company, its Deposit Withdraw Agent Commission (DWAC) system or otherwise. 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 of 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
     (617) 624-8409

FBW:

     Ferris, Baker Watts, Incorporated
     100 Light Street
     Baltimore, Maryland 21202
     Attn: Richard K. Prins
     (410) 659-4385

TRUSTEE:

     Continental Stock Transfer & Trust Company
     17 Battery Place
     New York, New York 10004
     Attn: Felix Orihuela
     (212) 845-3215<Page>

                                                                   EXHIBIT 10.12

                           WARRANT PLACEMENT AGREEMENT

          WARRANT PLACEMENT AGREEMENT (this "Agreement") made as of this ___ day
of ______ 2006 among Harbor Acquisition Corporation, a Delaware corporation (the
"Company") and the undersigned (the "Purchasers").

          WHEREAS, the Company has filed with the Securities and Exchange
Commission ("SEC") a registration statement on Form S-1, as amended (File No.
333-126300) (the "Registration Statement"), in connection with the Company's
initial public offering (the "IPO") of up to 11,500,000 units, each unit
("Unit") consisting of one share of the Company's common stock, $.0001 par value
(the "Common Stock"), and (ii) two warrants (the "Warrants"), each Warrant to
purchase one share of Common Stock; and

          WHEREAS, the Company desires to sell in a private placement to the
Purchasers (the "Placement") an aggregate of 2,000,000 warrants (the "Placement
Warrants") substantially identical to the Warrants being issued in the IPO
pursuant to the terms and conditions hereof and as set forth in the Registration
Statement, except that the Placement Warrants to be issued in the Placement
shall not be registered under the Securities Act of 1933, as amended (the
"Securities Act");

          WHEREAS, each Purchaser desires to acquire the number of Placement
Warrants set forth opposite his name on SCHEDULE A hereto;

          WHEREAS, the Placement Warrants shall be governed by the Warrant
Agreement filed as an exhibit to the Registration Statement; and

          WHEREAS, the Purchasers are entitled to registration rights with
respect to the Placement Warrants and the Common Stock underlying such Placement
Warrants (collectively, the "Registrable Securities") on the terms set forth in
this Agreement.

          NOW, THEREFORE, for and in consideration of the premises and the
mutual covenants hereinafter set forth, the parties hereto do hereby agree as
follows:

     1.   PURCHASE OF WARRANTS. The Purchasers hereby agree, directly or through
          nominees, to purchase an aggregate of 2,000,000 Placement Warrants at
          a purchase price of $0.65 per Placement Warrant, or an aggregate of
          $1,300,000 (the "Purchase Price"). Such purchases shall be in the
          names and amounts set forth on SCHEDULE A hereto.

     2.   CLOSING. The closing of the purchase and sale of the Placement
          Warrants (the "Closing") will take place at such time and place as the
          parties may agree (the "Closing Date"), but in no event later than the
          date on which the SEC declares the Registration Statement effective
          (the "Effective Date"). On the Effective Date, the Purchasers shall
          pay the Purchase Price by wire transfer of funds to an account
          maintained by the Company. Immediately prior to the closing of the
          IPO, the Company shall deposit $1,300,000 of the Purchase Price into
          the trust account described in the Registration Statement (the "Trust
          Account"). The certificates for the Placement Warrants shall be
          delivered to the Purchasers promptly after the closing of the IPO.

     3.   VOTING OF SHARES. If the Company solicits approval of its stockholders
          of a Business Combination, the Purchasers shall vote all of the shares
          of the Common Stock acquired by the Purchasers (i) in the IPO and (ii)
          in the aftermarket in favor of the Business Combination and therefore
          waive any redemption rights they might have with respect to certain of
          such shares. As used herein, a "Business Combination" shall mean an
          acquisition by merger, capital stock exchange, asset or stock
          acquisition of, or similar business combination with, one or more
          entities with agreements to acquire an operating business in the
          consumer or industrial products sectors selected by the Company.

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     4.   WAIVER OF LIQUIDATION DISTRIBUTIONS. The Purchasers hereby waive any
          and all right, title, interest or claim of any kind in or to any
          liquidating distributions by the Company in the event of a liquidation
          of the Company upon the Company's failure to timely complete a
          Business Combination. For purposes of clarity, any shares of Common
          Stock purchased in the IPO or the aftermarket by the Purchasers shall
          be eligible to receive any liquidating distributions by the Company.

     5.   LOCK-UP AGREEMENT. The Purchasers shall not sell, assign, hypothecate,
          or transfer any of the Placement Warrants purchased pursuant to this
          Agreement until the earlier of consummation of a Business Combination
          or liquidation of the Company. In order to enforce this covenant, the
          undersigned agrees, if requested by FBW, to deposit the certificates
          representing the Placement Warrants in an account to be established at
          FBW.

     6.   REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS. Each Purchaser
          hereby represents and warrants to the Company that:

          6.1  The Purchaser is an "accredited investor" as that term is defined
               in Rule 501 of Regulation D promulgated under the Securities Act.

          6.2  The Placement Warrants are being acquired for the Purchaser's own
               account, only for investment purposes and not with a view to, or
               for resale in connection with, any distribution or public
               offering thereof within the meaning of the Securities Act.

          6.3  The Purchaser has the full right, power and authority to enter
               into this Agreement and this Agreement is a valid and legally
               binding obligation of the Purchaser enforceable against the
               Purchaser in accordance with its terms.

     7.   REGISTRATION RIGHTS.

          7.1  DEMAND REGISTRATION. Upon the consummation of a Business
               Combination, the Purchasers or their transferees holding a
               majority in interest of the Registrable Securities may make a
               written demand for registration under the Securities Act of all
               or part of their Registrable Securities (a "Demand
               Registration"). Any demand for a Demand Registration shall
               specify the number of Registrable Securities proposed to be sold
               and the intended method(s) of distribution thereof. The Company
               will notify all holders of Registrable Securities of the demand,
               and each holder of Registrable Securities who wishes to include
               all or a portion of such holder's Registrable Securities in the
               Demand Registration (each such holder including shares of
               Registrable Securities in such registration, a "Demanding
               Holder") shall so notify the Company within fifteen (15) days
               after the receipt by the holder of the notice from the Company.
               Upon any such request, the Demanding Holders shall be entitled to
               have their Registrable Securities included in the Demand
               Registration.

               The Company shall, as expeditiously as possible and in any event
               within sixty (60) days after receipt of a request for a Demand,
               prepare and file with the SEC a Registration Statement on any
               form for which the Company then qualifies or which counsel for
               the Company shall deem appropriate and which form shall be
               available for the sale of all Registrable Securities to be
               registered thereunder in accordance with the intended method(s)
               of distribution thereof, and shall use its best efforts to cause
               such Registration Statement to become effective as promptly as
               practicable, but in no event prior to the consummation of the
               Business Combination.

               The Company shall not be obligated to effect more than two Demand
               Registrations in respect of Registrable Securities.

          7.2  "PIGGYBACK" REGISTRATION RIGHTS. Subject to the last sentence of
               this Section 7.2, at any time after a Business Combination, if
               the Company shall determine to proceed with the actual
               preparation and filing of a new registration statement under the
               Securities Act in connection with the proposed offer and sale of
               any of its securities by it or any of its security holders (other
               than a registration statement on Form S-4, S-8 or other limited
               purpose form), the Company will give written notice of its

                                        2
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               determination to the Purchasers or their nominees. Upon the
               written request from a majority-in-interest of the Purchasers,
               within 15 days after receipt of any such notice from the Company,
               the Company will, except as herein provided, cause all of the
               Registrable Securities covered by such request (the "Requested
               Stock") held by the Purchasers making such request (the
               "Requesting Holders") to be included in such registration
               statement (each, a "Piggy-Back Registration"), all to the extent
               requisite to permit the sale or other disposition by the
               prospective seller or sellers of the Requested Stock; provided,
               further, that nothing herein shall prevent the Company from, at
               any time, abandoning or delaying any registration. If any
               registration pursuant to this Section 7.2 shall be underwritten
               in whole or in part, the Company may require that the Requested
               Stock be included in the underwriting on the same terms and
               conditions as the securities otherwise being sold through the
               underwriters. In such event, the Requesting Holders shall, if
               requested by the underwriters, execute an underwriting agreement
               containing customary representations and warranties by selling
               stockholders and a lock-up on Registrable Securities not being
               sold. If in the good faith judgment of the managing underwriter
               of such public offering the inclusion of all of the Requested
               Stock would reduce the number of shares to be offered by the
               Company or interfere with the successful marketing of the shares
               of stock offered by the Company, the number of shares of
               Requested Stock otherwise to be included in the underwritten
               public offering may be reduced pro rata (by number of shares)
               among the Requesting Holders and all other holders of
               registration rights who have requested inclusion of their
               securities or excluded in their entirety if so required by the
               underwriter. To the extent only a portion of the Requested Stock
               is included in the underwritten public offering, those shares of
               Requested Stock which are thus excluded from the underwritten
               public offering and any other securities of the Company held by
               such holders shall be withheld from the market by the Holders
               thereof for a period, not to exceed 90 days, which the managing
               underwriter reasonably determines is necessary in order to effect
               the underwritten public offering. At such time as the provisions
               of the registration rights agreement filed as an exhibit to the
               Registration Statement covering the shares of Common Stock
               acquired by the Purchasers prior to the IPO may be exercised, the
               exercise and procedural provisions of such agreement, rather than
               the provisions of Sections 7.2, 7.3 and 7.4 hereof, shall govern
               the Registrable Securities with respect to Piggy-Back
               Registrations.

          7.3  REGISTRATION PROCEDURES. To the extent required by Sections 7.1
               or 7.2, the Company will:

               (a)  prepare and file with the SEC a registration statement with
                    respect to such securities, and use its best efforts to
                    cause such registration statement to become and remain
                    effective until the earlier of the date on which all of the
                    Registrable Securities included in the registration
                    statement have been disposed of in accordance with the
                    intended method(s) of distribution set forth in such
                    Registration Statement or three years from the effective
                    date;

               (b)  prepare and file with the SEC such amendments to such
                    registration statement and supplements to the prospectus
                    contained therein as may be necessary to keep such
                    registration statement effective until the earlier of the
                    date on which all of the Registrable Securities included in
                    the registration statement have been disposed of in
                    accordance with the intended method(s) of distribution set
                    forth in such Registration Statement or three years from the
                    effective date;

               (c)  furnish to the holders participating in such registration
                    and to the underwriters of the securities being registered
                    such reasonable number of copies of the registration
                    statement, preliminary prospectus, final prospectus and such
                    other documents as such underwriters may reasonably request
                    in order to facilitate the public offering of such
                    securities;

               (d)  use its best efforts to register or qualify the securities
                    covered by such registration statement under such state
                    securities or blue sky laws of such jurisdictions as the
                    holders may reasonably request in writing within 20 days
                    following the original filing of such registration
                    statement, except that the Company shall not for any purpose
                    be required to execute a general consent to service of
                    process or to qualify to do business as a foreign
                    corporation in any jurisdiction wherein it is not so
                    qualified;

               (e)  notify the holders, promptly after it shall receive notice
                    thereof, of the time when such registration statement has
                    become effective or a supplement to any prospectus forming a
                    part of such registration statement has been filed;

                                        3
<Page>

               (f)  notify the holders promptly of any request by the SEC for
                    the amending or supplementing of such registration statement
                    or prospectus or for additional information;

               (g)  prepare and promptly file with the SEC and promptly notify
                    such holders of the filing of such amendment or supplement
                    to such registration statement or prospectus as may be
                    necessary to correct any statements or omissions if, at the
                    time when a prospectus relating to such securities is
                    required to be delivered under the Securities Act, any event
                    shall have occurred as the result of which any such
                    prospectus or any other prospectus as then in effect would
                    include an untrue statement of a material fact or omit to
                    state any material fact necessary to make the statements
                    therein, in the light of the circumstances in which they
                    were made, not misleading; and

               (h)  advise the holders, promptly after it shall receive notice
                    or obtain knowledge thereof, of the issuance of any stop
                    order by the SEC suspending the effectiveness of such
                    registration statement or the initiation or threatening of
                    any proceeding for that purpose and promptly use its best
                    efforts to prevent the issuance of any stop order or to
                    obtain its withdrawal if such stop order should be issued.

The Purchasers shall cooperate with the Company in providing the information
necessary to effect the registration of the Registrable Securities, including
completion of customary questionnaires.

          7.4  EXPENSES. The Company shall bear all costs and expenses incurred
               in connection with any Demand Registration pursuant to Section
               7.1, any Piggy-Back Registration pursuant to Section 7.2, and all
               expenses incurred in performing or complying with its other
               obligations under this Agreement, whether or not the Registration
               Statement becomes effective, including, without limitation: (i)
               all registration and filing fees; (ii) fees and expenses of
               compliance with securities or "blue sky" laws (including fees and
               disbursements of counsel in connection with blue sky
               qualifications of the Registrable Securities); (iii) printing
               expenses; (iv) the Company's internal expenses (including,
               without limitation, all salaries and expenses of its officers and
               employees); (v) the fees and expenses incurred in connection with
               the exchange listing of the Registrable Securities; (vi) National
               Association of Securities Dealers, Inc. fees; (vii) fees and
               disbursements of counsel for the Company and fees and expenses
               for independent certified public accountants retained by the
               Company (including the expenses or costs associated with the
               delivery of any opinions or comfort letters); (viii) the fees and
               expenses of any special experts retained by the Company in
               connection with such registration and (ix) the fees and expenses
               of one legal counsel selected by the holders of a
               majority-in-interest of the Registrable Securities included in
               such registration. The Company shall have no obligation to pay
               any underwriting discounts or selling commissions attributable to
               the Registrable Securities being sold by the holders thereof,
               which underwriting discounts or selling commissions shall be
               borne by such holders. Additionally, in an underwritten offering,
               all selling shareholders and the Company shall bear the expenses
               of the underwriter pro rata in proportion to the respective
               amount of shares each is selling in such offering.

     8.   WAIVER OF CLAIMS; INDEMNIFICATION. The Purchasers hereby waive any and
          all rights to assert any present or future claims, including any right
          of rescission, against the Company, FBW or the other underwriters in
          the IPO with respect to their purchase of the Placement Warrants, and
          each Purchaser agrees jointly and severally to indemnify and hold the
          Company, FBW and the other underwriters in the IPO harmless from all
          losses, damages or expenses that relate to claims or proceedings
          brought against the Company, FBW or such other underwriters by any
          Purchaser of the Placement Warrants or their transferees, heirs,
          assigns or any subsequent holders of the Placement Warrants.

     9.   COUNTERPARTS; FACSIMILE. This Agreement may be executed in any number
          of counterparts, each of which when so executed shall be deemed to be
          an original and all of which taken together shall constitute one and
          the same instrument. This Agreement or any counterpart may be executed
          via facsimile transmission, and any such executed facsimile copy shall
          be treated as an original.

     10.  GOVERNING LAW. This Agreement shall for all purposes be deemed to be
          made under and shall be construed in accordance with the laws of the
          State of Maryland. Each of the parties hereby agrees that any action,
          proceeding or claim against it arising out of or relating in any way
          to this Agreement shall be brought and

                                        4
<Page>

          enforced in the courts of the State of Maryland or the United States
          District Court for the District of Maryland, and irrevocably submits
          to such jurisdiction, which jurisdiction shall be exclusive. Each of
          the parties hereby waives any objection to such exclusive jurisdiction
          and that such courts represent an inconvenient forum.

   [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS.]

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<Page>

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
___ day of _______ 2006.

                           HARBOR ACQUISITION CORPORATION

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

                           PURCHASERS:

                           --------------------------------------------------
                           Name:
                                 --------------------------------------------

                           --------------------------------------------------
                           Name:
                                 --------------------------------------------

                                        6
<Page>

                                   SCHEDULE A

                                        7

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