PROJECT
      DEVELOPMENT AND CONSULTING AGREEMENT

    


    THIS
      PROJECT DEVELOPMENT AND CONSULTING AGREEMENT ("Agreement")
      is entered into as of this lst day of September 2007 ("Effective Date"), by
      and
      between Dr. Randy Hudson, an individual ("Hudson"), and East Coast Ethanol,
      LLC
      (the "Company"), a Delaware limited liability company.

    


    WHEREAS,
      the
      Company desires to engage Hudson for the purpose of providing project
      development and consulting services to the Company relating to the Company's
      development, construction and ownership of four (4) 100 million gallon per
      year
      dry mill ethanol plants to be located in the southeastern United States (the
      "Project" or "Ethanol Plants"); and

    


    WHEREAS,
      Hudson
      desires to provide such services to the Company in exchange for
      compensation;

    


    WHEREAS,
      the
      Company's Board of Directors (the "Board") desires to memorialize the agreement
      between the Company and Hudson for the purpose of setting forth the manner
      in
      which Hudson shall render services to the Company and the manner in which the
      Company shall pay compensation to Hudson for such services.

    


    NOW,
      THEREFORE, in
      consideration of the mutual covenants and agreements set forth herein, and
      for
      other good and valuable consideration, the receipt of which is hereby
      acknowledged, the parties hereby agree as follows:

    


    1. DEVELOPMENT
      and CONSULTING SERVICES.Company
      hereby retains Hudson for the purpose of providing developmental and consulting
      services with respect to the Project throughout the construction and initial
      start-up period ("Development and Consulting Services"). Development and
      Consulting Services shall include all services performed on behalf of and at
      the
      reasonable request of the Company from the Effective Date of this Agreement
      through its termination. Hudson's duties shall include, but not be limited
      to,
      responsibility for public relations relating to the Company's communications
      concerning the Project, apprising the Board of the status of the Project and
      of
      any material events and assisting the Company's Board in developing policies
      regarding development and construction of the Project and coordinating any
      and
      all development activities relating to the Ethanol Plants. Development and
      Consulting Services shall not include effecting or attempting to effect
      purchases or sales of the Company's securities.

    


    2. COMPENSATION
      FOR DEVELOPMENT and CONSULTING SERVICES.In
      consideration solely for the Development and Consulting Services to be provided
      to Company, Company shall pay Hudson a development and consulting fee equal
      to
      $150,000 ("Development and Consulting Fee"). The Development and Consulting
      Fee
      shall be paid in twelve (12) equal monthly installments commencing with the
      month of the Effective Date and continuing through the month in which this
      Agreement is terminated or until the total amount of the Development and
      Consulting Fee has been paid in full, whichever occurs earlier.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3.
      EXPENSES.Company
      shall reimburse Hudson for all reasonable, ordinary and necessary expenses
      incurred by Hudson in performance of his duties hereunder including without
      limitation, reimbursement for hotel expenses, business meals, travel expenses,
      educational expenses, and automobile mileage at a rate per mile as periodically
      set by the Internal Revenue Service. Notwithstanding the above, Company shall
      reimburse Hudson for any expenses in excess of $5,000 only if such expenses
      were
      pre-approved in writing by the Company's Board of Directors or by the Executive
      Committee of the Board of Directors.

    


    4. SUPPORT
      SERVICES.Company
      will provide the following support services for the benefit of Hudson, as
      approved by Company: office space, secretarial support, telephone service,
      and
      office supplies.

    


    5. TERM
      AND TERMINATION OF AGREEMENT.The
      term
      of this Agreement shall commence as of the Effective Date and shall terminate
      upon the earlier of any of the events enumerated below ("Termination
      Event").

    


    
      	
            	(a)	
              Payment
                in full of the Development and Consulting
                Fee;

            


    

    


    
      	
            	(b)	
              Dissolution,
                bankruptcy or insolvency of the Company, or the inability or failure
                of
                the Company generally to pay debts as they become due, or an assignment
                by
                the Company for the benefit of creditors, or the commencement of
                any case
                or proceeding in respect of the Company under any bankruptcy, insolvency
                or similar laws;

            


    

    


    
      	 	
              (c)

            	
              Hudson's
                voluntary resignation as a member of the Board or his removal from
                the
                Board;

            


    

    


    
      	
            	(d)	
              Mutual
                written agreement of the parties;

            


    

    


    
      	
            	(e)	
              Completion
                of one calendar year from the Effective Date;
                or

            


    

    


    
      	 	
              (f)

            	
              Hudson's
                death or disability such that he is unable to perform the Development
                and
                Consulting Services hereunder as determined in good faith by the
                Company's
                Board of Directors.

            


    

    


    6. INDEMNIFICATION.The
      Company shall indemnify, defend against and advance to Hudson all expenses
      actually and reasonably incurred in connection with the defense of any
      threatened, pending or completed action, suit or proceeding, whether civil,
      criminal, administrative, arbitrative or investigative (a "Proceeding"), in
      which Hudson is made a party by reason of performing services for Company or
      acting in any manner pursuant to this Agreement, except that Company shall
      have
      no obligation to indemnify and defend Hudson or his agents for their act or
      omission that involves gross negligence, intentional misconduct or a known
      violation of the law. Hudson shall indemnify and defend Company and its
      employees, members, directors, officers and agents against expenses actually
      and
      reasonably incurred in connection with the defense of any Proceeding in which
      Company and/or its employees, members, directors, officers or agents are made
      a
      party by reason of Hudson committing an act or omission that involves gross
      negligence, intentional misconduct or a known violation of the law.

     

    
      
         

      

      
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    7. DEFAULT.In
      the
      event of the failure of either of the parties to comply with any of the terms
      and provisions of this Agreement, or in the event either party has violated
      any
      of the warranties and representations made herein by that party, then such
      party
      shall be deemed to be in default hereunder and the other party shall be given
      written notice of such noncompliance and shall give the defaulting party thirty
      (30) days from the date of such notice within which to correct such
      noncompliance. If such default has not been corrected, or an arrangement
      satisfactory to the complaining party has not been made by the end of the notice
      period, then the complaining party may take whatever action is necessary, and
      exercise all remedies available in order to protect the complaining party's
      rights under the terms and conditions of this Agreement. The parties agree
      that
      the remedies set forth in this Section 7 shall not be exclusive, but they shall
      be cumulative with all other rights and remedies available, at law or in equity,
      to the parties. In the event of any dispute between the parties resulting from
      this Agreement or any provisions hereunder, the prevailing party in any such
      dispute shall be entitled to recover reasonable attorneys' fees and related
      costs and such other costs incurred therewith.

    


    8. VENTURES/CORPORATE
      OPPORTUNITY.If
      during
      the term of this Agreement, Hudson is engaged in or associated with the planning
      or implementing of any project, program or venture involving the Company and
      a
      third party or parties, all rights in such project, program or venture shall
      belong to the Company. Except as approved in writing by the Board of Directors,
      Hudson shall not be entitled to any interest in any such project, program,
      or
      venture or to any commission, finder's fee or other compensation in connection
      therewith, other than the compensation to be paid to Hudson by the Company
      as
      provided herein. Hudson shall nave no interest, direct or indirect, in any
      customer or supplier that conducts business with the Company, unless such
      interest has been disclosed in writing to and approved by the Board of Directors
      before such customer or supplier seeks to do business with the
      Company.

    


    9. SUCCESSORS
      AND ASSIGNS BOUND.This
      Agreement shall be binding upon the Company, Hudson, their respective heirs,
      executors, administrators, successors in interest or permitted assigns,
      including without limitation. any partnership, corporation or other entity
      into
      which the Company may be merged or by which it may be acquired (whether
      directly, indirectly or by operation of law), or to which it may assign its
      rights under this Agreement.

    


    10. RELATIONSHIP
      OF THE PARTIES.The
      parties understand that Hudson is an independent contractor with respect to
      Company, and not an employee of the Company. Company will not provide fringe
      benefits, including health insurance benefits, paid vacation, or any other
      employee benefits for the benefit of Hudson. Notwithstanding the above, should
      the Company's Board establish a board of directors' compensation policy, Hudson,
      as a director of the Company, may receive reasonable compensation for his
      services as a director and may be reimbursed for his expenses in attending
      Board
      meetings.

    


    11. AUTHORITY.Each
      of
      the signatories hereto certifies that such party has all necessary authority
      to
      execute this Agreement.

    


    12. AMENDMENTS.This
      Agreement sets forth the entire understanding of the parties and supersedes
      any
      prior agreements, oral or written, as to the subject matter hereof. This
      Agreement may be amended or modified by, and only by, a written instrument
      executed by the parties hereto.

     

    
      
         

      

      
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    13. ASSIGNMENT.This
      Agreement shall not be assigned by any party hereto except as permitted by
      its
      express terms or upon the written consent of the other party. Nothing in this
      Agreement, express or implied, its intended to confer upon any other person
      any
      rights or remedies under or by reason of this Agreement.

    


    14. SEVERABILITY.Any
      term
      or provision of this Agreement which is invalid or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such invalidity or unenforceability without rendering invalid or unenforceable
      the remaining terms and provisions of this Agreement, or affecting the validity
      or enforceability of any of the terms or provisions of this Agreement in any
      other jurisdiction.

    


    15. WAIVER.The
      failure of any party hereto to insist in any one of more instances upon
      performance of any term or condition of this Agreement shall not be construed
      as
      a waiver of future performance of any such term, covenant or condition, but
      the
      obligation of such party with respect thereto shall continue in full force and
      effect.

    


    16. CAPTIONS.The
      captions herein are inserted for convenience of reference only and shall be
      ignored in the construction or interpretation hereof.

    


    17. NOTICES.Any
      notice required to be given hereunder shall be in writing and shall be deemed
      to
      be sufficiently served by either party on the other party if such notice is
      delivered personally or is sent by certified or first class mail addressed
      as
      follows:

    


    
      	
              To
                Hudson:

            	
              Randy
                Hudson

            
	 	
              P.O.
                Box 527

            
	 	
              528
                Vo-Tech Drive

            
	 	
              Ocilla,
                GA 31774

            
	 	 
	
              To
                Company:

            	
              East
                Coast Ethanol, LLC

            
	 	
              c/o
                BrownWinick PLC

            
	 	
              Attention:
                Valerie D. Bandstra

            
	 	
              666
                Grand Avenue, Suite 2000

            
	 	
              Des
                Moines, Iowa 50309

            


    

    


    18. GOVERNING
      LAW.This
      Agreement shall be governed and construed in accordance with the law of the
      State of Georgia without reference to its conflict of law rules. Each of the
      parties hereto irrevocably submits to the jurisdiction of any state or federal
      court sitting in the State of Georgia in any action or proceeding brought to
      enforce or otherwise arising out of or relating to this Agreement.

    


    19. INTERPRETATION.The
      parties agree that each has had an opportunity to negotiate fully the terms
      of
      this Agreement and that this Agreement shall not be interpreted in favor of
      or
      against the party drafting the Agreement.

     

    
      
         

      

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

     

    
      	 	 	
              EAST
                COAST ETHANOL, LLC

            
	 	 	 	 
	
              /s/
                Randy D. Hudson

            	 	
              By:
                

            	
              /s/
                Keith Parrish

            
	
              Dr.
                Randy Hudson, Individually

            	 	 	
              Keith
                Parrish, Vice Chairman

            


    

    


    
      
         

      

      
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