Chief Financial Officer Employment Agreement

Exhibit 10.27 EMPLOYMENT AGREEMENT Chief Financial Officer THIS EMPLOYMENT AGREEMENT (" Agreement" ) is made and entered into effective as of the 28 th day of April, 2008 (" Effective Date" ), by and between E Energy Adams, LLC, a Nebraska limited liability company (" E ENERGY" ) and Jonathan Cosby (" Employee" ). Employee' s hire start date will be determined by E ENERGY and Employee. WHEREAS, the parties acknowledge that E ENERGY was formed for the purpose of developing a project to build and operate a 50 million gallon dry mill corn-processing ethanol plant in Gage County, Nebraska near Adams (the " Business of E ENERGY" ); and WHEREAS, the parties agree and acknowledge the Business of E ENERGY is a highly competitive one, both inside of and outside the state of Nebraska; and WHEREAS, the parties agree and acknowledge E ENERGY has, is and will likely continue to develop valuable confidential techniques and valuable proprietary and confidential information, forms and methods for use in the Business of E ENERGY; and WHEREAS, Employee agrees and acknowledges that Employee will have access to said valuable techniques and employ said valuable proprietary and confidential information, forms and methods in earning income in the employ of E ENERGY; and WHEREAS, the parties further agree and acknowledge that Employee' s position is one of considerable responsibility and requires considerable experience and requires Employee to develop and maintain good relationships with E ENERGY: (i) suppliers and potential suppliers, (ii) customers and potential customers and (iii) employees, and that E ENERGY will incur substantial time and expense to replace an employee who has the experience and relationships of Employee; and WHEREAS, as a condition of employment and continued employment of Employee by E ENERGY, the parties mutually agree that confidentiality is required in connection with the Business of E ENERGY and in connection with the identity of E ENERGY' S suppliers and customers, and that accordingly, it is vital that E ENERGY be protected from direct or indirect competition from Employee during his employment and for a reasonable period of time thereafter; and WHEREAS, E ENERGY and Employee now desire to provide for the employment of Employee by E ENERGY, after the effective date of this Agreement, upon the terms and conditions set forth in this Agreement./s/ JC

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NOW THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:AGREEMENT1. Employment and Duties . Effective as of the Effective Date, E ENERGY will employ Employee and Employee will accept such employment upon the terms and conditions set forth in this Agreement. Employee shall be the Chief Financial Officer for E ENERGY and shall report directly to the CEO and Board of Directors. Employee shall devote substantially his entire time and attention to the Business of E ENERGY. In so doing, Employee agrees to contribute his best skills and services at all times for the business and benefit of E ENERGY. Employee hereby represents and confirms that he is under no contractual or legal commitment that would prevent him from fulfilling his duties and responsibilities as set forth in this Agreement. During his employment with E ENERGY, Employee may participate in charitable activities and personal investment activities to a reasonable extent and he may serve as a director of business and civic organizations so long as such activities do not interfere with the performance of his duties and responsibilities hereunder. Employee may participate in other business activities that do not otherwise interfere with his duties under this Agreement with the prior consent of the CEO.2. Term and Termination of Employment . The term of Employee' s employment under this Agreement shall commence on the Effective Date of this Agreement and shall continue thereafter until terminated as follows: a. E ENERGY may terminate this Agreement without cause by notifying Employee of such termination at least 30 days in advance of the effective date of such termination. E ENERGY may terminate this Agreement for cause at any time without prior notice to Employee. b. This Agreement shall automatically terminate upon the death or permanent disability (as determined in good faith by the Board of Directors) of Employee. c. Employee may terminate this Agreement by notifying the CEO of such termination at least 60 days in advance of the effective date of such termination; however, in the event Employee terminates this Agreement prior to one year from the Effective Date, Employee will be required to repay all reasonable recruiting costs incurred by E ENERGY in recruiting him.Except as provided herein, all of Employee' s right to compensation and other benefits hereunder shall terminate upon the date his employment terminates, except: as may be mandated by law with respect to health insurance or other benefits. d. E ENERGY may terminate this Agreement immediately based on Employee' s failure to pass a post-offer alcohol and drug test, and background checks./s/ JC

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3. Position and Duties . Employee shall be the Chief Financial Officer of E ENERGY and shall have the authority, duties, and responsibilities commensurate and consistent with such position and title as designated by the CEO and the Board of Directors from time to time, including, within established limitations, (a) budgeting, managing and controlling departmental or office-specific expenditures, as applicable; (b) planning, developing and implementing strategy for operational management and development so as to meet such performance plans, budgets and timescales as may be adopted by the Board; (c) establishing and maintaining appropriate systems for measuring key aspects of operational management and development; (d) monitoring, measuring and reporting on operational issues; (e) ensuring compliance with any relevant requirements for quality management, health and safety, legal stipulations, and general duties of care and (f) seeking and evaluating business development opportunities including evaluating strategic options, mergers, acquisitions and other corporate transactions. Employee additionally will be responsible for all such duties as listed in E ENERGY' S job description for the Chief Financial Officer position.4. Compensation . a. Base Salary . For all services rendered by Employee to E ENERGY hereunder, Employee shall be paid an annual base salary of One Hundred Five Thousand Dollars ($105,000). Base salary payments shall be paid in accordance with E ENERGY' S payroll policies and procedures as established from time to time. During each year after the first year of Employee' s employment hereunder, the CEO and Board of Directions will conduct an annual performance review of Employee and thereafter establish Employee' s base salary for the upcoming year. b. Sign-On Bonus . Employee will receive a $3,000 sign-on bonus, to be paid within two weeks from the Employee' s start date. c. Annual Performance Bonus . As per E ENERGY' S Employee Bonus Structure, Employee will be eligible for an annual performance bonus up to and including, but not greater than, 50% of his base salary at the discretion of the CEO and Board of Directors. Such bonus will be based upon achievement of certain profitability, operational efficiencies relative to the industry, Employee' s performance evaluation and such other criteria that the CEO and Board of Directors from time to time determine in good faith and at their sole discretion. The Employee' s first annual bonus will be prorated based on length of employment in 2008 (i.e., from start date to December 31, 2008). d. Employee Benefits . While Employee is employed by E ENERGY hereunder, Employee will be entitled to participate in all employee benefit plans and programs of E ENERGY, including without limitations, a 401(K) plan, Section 125 Cafeteria Plan, and medical, dental, life, long term disability, and disability insurance plans, to the extent E ENERGY offers such plans , in its sole discretion, and to the extent that Employee meets the eligibility requirements of each individual plan or program as generally applicable to/s/ JC

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other employees of E ENERGY provided, however, that except as herein otherwise provided E ENERGY provides no assurance as to the adoption or continuance of any particular employee benefit plan or program and Employee' s participation in such plan or program is subject to the provisions, rules and regulations generally applicable to other employees of E ENERGY. e. Expenses . While Employee is employed by E ENERGY hereunder, E ENERGY will reimburse Employee for reasonable and necessary out-of-pocket business, travel and educational expenses incurred by him in the performance of his duties and responsibilities hereunder, subject to E ENERGY' S policies and procedures for expense verification and documentation in effect from time to time f. Relocation Expense . Upon moving family to the local area, Employee will receive reimbursement for relocation costs as per E ENERGY' S New Hire Relocation Policy. g. Paid Time Off and Holidays . While Employee is employed by E ENERGY hereunder, Employee shall be entitled to paid PTO days as follows:Year 0 (1 st year of employment) -10 days per year
Years 1 to 4 of employm ...