ex10_1.htm


     

    
      EXHIBIT
10.1

       

      
        
          GREENTREE FINANCIAL GROUP,
INC.

          
 

        

        


        
          ã

        

        
          “Catch
the Vision........”

        

         

      

      June 13,
2008

      


      


      PERSONAL AND
CONFIDENTIAL

      


      GARMAN
CABINET & MILLWORK, INC.

      15019
Beatties Ford Road

      Huntersville,
North Carolina 28078

      Attn:
Valerie A. Garman, President

      


      Dear Mrs.
Garman:

      


      This
letter agreement ("Agreement") confirms the terms and conditions of the
engagement of Greentree Financial Group, Inc. ("Greentree") by Garman Cabinet
& Millwork, Inc., (the "Company") to render certain professional services to
the Company in connection with the Company's proposed registration
statements.

      


      1.           Services.  Greentree
agrees to perform the following services:

      


      
        	
                (a)  

              	
                Assist
      with the preparation of Form S-1, including answering comments from the
      Securities and Exchange Commission, if
any;

              


      

      


      
        	
                (b)  

              	
                Assist
      with EDGARizing the aforementioned document as required by the Securities
      and Exchange Commission, including any applicable
    amendments;

              


      

      


      
        	
                (c)  

              	
                Assist
      with amendment of articles of incorporation for the name change, change in
      par value and increase in the authorized common
  shares;

              


      

      


      
        	
                (d)  

              	
                Assist
      with the preparation of SEC Form D;

              


      

      


      
        	
                (e)  

              	
                Advise
      and assist the Company as to the capital structure of a publicly traded
      company;

              


      

      


      
        	
                (f)  

              	
                Assist
      with the preparation of Form 15c-211, which will be filed by sponsoring
      market maker, and answer FINRA
comments;

              


      

      


      
        	
                (g)  

              	
                Perform
      such other services as the Company and Greentree shall mutually agree to
      in writing.

              


      

      


            2.                      Fees.  The
Company agrees to pay Greentree for its services a professional service fee of
$50,000 cash plus 1,000,000 shares of the Company, which will be registered in
the aforementioned Form S-1, ("Service Fee") during the Term, payable as
follows. (Note: Auditing and quarterly auditor review fees are not included in
this agreement and should be paid directly by the Company to their independent
auditors.)

      


      The
Company agrees to pay the Greentree Service Fee as per the following payment
terms. Such terms relate only to the timing of payment, and not to the existence
of the Company’s obligation to pay, which is set forth above:

       

                                (1) A
non-refundable payment of $10,000 was already made upon signing thisAgreement
and we acknowledge receipt hereof;

      
        	
                (2)  

              	
                A
      non-refundable progress payment of $10,000 shall be made on or before July
      13, 2008;

              


      

      
        	
                (3)  

              	
                A
      non-refundable progress payment of $10,000 shall be made on or before
      August 13, 2008;

              


      

      
        	
                (4)  

              	
                A
      non-refundable progress payment of $10,000 shall be made on or before
      September 13, 2008;

              


      

      
        	
                (5)  

              	
                A
      final non-refundable progress payment of $10,000 shall be made on or
      before October 13, 2008;

              


      

      
        	
                (6)  

              	
                1,000,000
      shares of the Company shall be issued to Greentree Financial Group, Inc.
      before initially filing Form S-1 with Securities and Exchange
      Commission.

              


      

      


      In
addition to any fees that may be payable to Greentree under this letter, the
Company agrees to reimburse Greentree, upon request made from time to time, for
its reasonable out-of-pocket expenses incurred in connection with Greentree’s
activities under this letter, including the reasonable fees and disbursements of
its legal counsel.

      


      3.           Term.  The
term of this Agreement shall commence on June 13, 2008, and end on the effective
date of Form S-1 (the "Term").  This Agreement may be renewed upon
mutual written agreement of the parties hereto.  This agreement may be
terminated by the Company prior to its expiration or services being rendered
with 45 days prior written notice to Greentree. Any obligation pursuant to this
Paragraph 3, and pursuant to Paragraphs 2 (fees), 4 (indemnification), 5
(matters relating to engagement), 6 (governing law) and 9 (miscellaneous)
hereof, shall survive the termination or expiration of this
Agreement.

      


      4.           Indemnification  In
addition to the payment of fees and reimbursement of fees and expenses provided
for above, the Company agrees to indemnify Greentree and its affiliates with
regard to the matters contemplated herein, as set forth in Exhibit A, attached
hereto, which is incorporated by reference as if fully set forth
herein.

      


      5.           Matters Relating to
Engagement   The Company acknowledges that Greentree has
been retained solely to provide the services set forth in this
Agreement.  In rendering such services, Greentree shall act as an
independent contractor, and any duties of Greentree arising out of its
engagement hereunder shall be owed solely to the Company. The Company further
acknowledges that Greentree may perform certain of the services described herein
through one or more of its affiliates.

      


      The
Company acknowledges that Greentree is a consulting firm that is engaged in
providing consulting services. The Company acknowledges and agrees that in
connection with the performance of Greentree's services hereunder (or any other
services) that neither Greentree nor any of its employees will be providing the
Company with legal, tax or accounting advice or guidance (and no advice or
guidance provided by Greentree or its employees to the Company should be
construed as such) and that neither Greentree nor its employees hold itself or
themselves out to be advisors as to legal, tax, accounting or regulatory matters
in any jurisdiction. Greentree may retain attorneys and accountants that are for
Greentree’s benefit, and Greentree may recommend a particular law firm or
accounting firm to be engaged by the Company and may pay the legal expenses or
non-audit accounting expenses associated with that referral on behalf of the
Company, after full disclosure to the Company and the Company’s consent that
Greentree make such payment on its behalf. However, Greentree makes no
recommendation as to the outcome of such referrals. The Company shall consult
with its own legal, tax, accounting and other advisors concerning all matters
and advice rendered by Greentree to the Company, and the Company shall be
responsible for making its own independent investigation and appraisal of the
risks, benefits and suitability of the advice and guidance given by Greentree to
the Company. Neither Greentree nor its employees shall have any responsibility
or liability whatsoever to the Company or its affiliates with respect
thereto.

      


      The
Company recognizes and confirms that in performing its duties pursuant to this
Agreement, Greentree will be using and relying on data, material, and other
information furnished by the Company, a third party provider, or their
respective employees and representatives (“the Information”). The Company will
cooperate with Greentree and will furnish Greentree with all Information
concerning the Company and any financial information or organizational or
transactional information which Greentree deems appropriate, and Company will
provide Greentree with access to the Company's officers, directors, employees,
independent accountants and legal counsel for the purpose of performing
Greentree's obligations pursuant to this Agreement.   The Company
hereby agrees and represents that all Information furnished to Greentree
pursuant to this Agreement shall be accurate and complete in all material
respects at the time provided, and that, if the Information becomes materially
inaccurate, incomplete or misleading during the term of Greentree's engagement
hereunder, the Company shall promptly advise Greentree in
writing.  Accordingly, Greentree assumes no responsibility for the
accuracy and completeness of the Information. In rendering its services,
Greentree will be using and relying upon the Information without independent
verification or evaluation thereof.

       

      6.           Governing Law and Consent to
Jurisdiction  This Agreement shall be governed by and construed
in accordance with the laws of the State of Florida, without regard to conflict
of laws provisions. All disputes arising out of or in connection with this
agreement, or in respect of any legal relationship associated with or derived
from this agreement, shall only be heard in any competent court residing in
Broward County Florida.  Company agrees that a final judgment in any
such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any manner provided by law. The
Company further waives any objection to venue in any such action or proceeding
on the basis of inconvenient forum. The Company agrees that any action on or
proceeding brought against the Greentree shall only be brought in such
courts.

       

      7.           No
Brokers  The Company represents and warrants to Greentree that
there are no brokers, representatives or other persons which have an interest in
compensation due to Greentree from any services contemplated
herein.

      


      8.           Authorization.  The
Company and Greentree represent and warrant that each has all requisite power
and authority, and all necessary authorizations, to enter into and carry out the
terms and provisions of this Agreement and the execution, delivery and
performance of this Agreement does not breach or conflict with any agreement,
document or instrument (including contracts, wills, agreements, records and wire
receipts, etc.) to which it is a party or bound.

      


      9.           Miscellaneous.  This
Agreement constitutes the entire understanding and agreement between the Company
and Greentree with respect to the subject matter hereof and supersedes all prior
understandings or agreements between the parties with respect thereto, whether
oral or written, express or implied.  Any amendments or modifications
must be executed in writing by both parties.  This Agreement and all
rights, liabilities and obligations hereunder shall be binding upon and inure to
the benefit of each party’s successors but may not be assigned without the prior
written approval of the other party.  If any provision of this
Agreement shall be held or made invalid by a statute, rule, regulation, decision
of a tribunal or otherwise, the remainder of this Agreement shall not be
affected thereby and, to this extent, the provisions of this Agreement shall be
deemed to be severable.  This Agreement may be executed in any number
of counterparts, each of which, shall be deemed to be an original, but such
counterparts shall, together, constitute only one instrument.  The
descriptive headings of the Paragraphs of this Agreement are inserted for
convenience only, do not constitute a part of this Agreement and shall not
affect in any way the meaning or interpretation of this Agreement.

      


      Please
confirm that the foregoing correctly sets forth our agreement by signing below
in the space provided and returning this Agreement to Greentree for execution,
which shall constitute a binding agreement as of the date first above
written.

      


      Thank
you. We look forward to a mutually rewarding relationship.

      


      GREENTREE
FINANCIAL GROUP, INC.

       

      
        By:______________________________

      

      
        
        

      

      Name:
Michael J. Bongiovanni

      Title:   President

       

      AGREED TO
AND ACCEPTED

      AS OF
June 13, 2008

       

      GARMAN
CABINET & MILLWORK, INC.

       

      By:______________________________

      Name:
Valerie A. Garman

      Title:   President

      


      


      
        
          
             


          

          
             


            
              

            

          

          
             


          

        

      

      


      EXHIBIT
A: INDEMNIFICATION

      


      The
Company agrees to indemnify Greentree, its employees, directors, officers,
agents, affiliates, and each person, if any, who controls it within the meaning
of either Section 20 of the Securities Exchange Act of 1934 or Section 15 of the
Securities Act of 1933 (each such person, including Greentree is referred to as
"Indemnified Party") from and against any losses, claims, damages and
liabilities, joint or several (including all legal or other expenses reasonably
incurred by an Indemnified Party in connection with the preparation for or
defense of any threatened or pending claim, action or proceeding, whether or not
resulting in any liability) ("Damages"), to which such Indemnified Party, in
connection with providing its services or arising out of its engagement
hereunder, may become subject under any applicable Federal or state law or
otherwise, including but not limited to liability or loss (i) caused by or
arising out of an untrue statement or an alleged untrue statement of a material
fact or omission or alleged omission to state a material fact necessary in order
to make a statement not misleading in light of the circumstances under which it
was made, (ii) caused by or arising out of any act or failure to act, or (iii)
arising out of Greentree's engagement or the rendering by any Indemnified Party
of its services under this Agreement; provided, however, that the Company will
not be liable to the Indemnified Party hereunder to the extent that any Damages
are found in a final non-appealable judgment by a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct of
the Indemnified Party seeking indemnification hereunder.

      


      These
indemnification provisions shall be in addition to any liability which the
Company may otherwise have to any Indemnified Party.

      


      If for
any reason, other than a final non-appealable judgment finding an Indemnified
Party liable for Damages for its gross negligence or willful misconduct the
foregoing indemnity is unavailable to an Indemnified Party or insufficient to
hold an Indemnified Party harmless, then the Company shall contribute to the
amount paid or payable by an Indemnified Party as a result of such Damages in
such proportion as is appropriate to reflect not only the relative benefits
received by the Company and its shareholders on the one hand and the Indemnified
Party on the other, but also the relative fault of the Company and the
Indemnified Party as well as any relevant equitable considerations.

      


      Promptly after receipt by
the Indemnified Party of notice of any claim or of the commencement of any
action in respect of which indemnity may be sought, the Indemnified Party will
notify the Company in writing of the receipt or commencement thereof and the
Company shall have the right to assume the defense of such claim or action
(including the employment of counsel reasonably satisfactory to the Indemnified
Party and the payment of fees and expenses of such counsel), provided that the
Indemnified Party shall have the right to control its defense if, in the opinion
of its counsel, the Indemnified Party's defense is unique or separate to it as
the case may be, as opposed to a defense pertaining to the
Company.  In any event, the Indemnified Party shall have the right to
retain counsel reasonably satisfactory to the Company, at the Company's sole
expense, to represent it in any claim or action in respect of which indemnity
may be sought and agrees to cooperate with the Company and the Company's counsel
in the defense of such claim or action.  In the event that the Company
does not promptly assume the defense of a claim or action, the Indemnified Party
shall have the right to employ counsel to defend such claim or action. Any
obligation pursuant to this Annex shall survive the termination or expiration of
the Agreement.