Exhibit 10.27

BOISE CASCADE HOLDINGS, L.L.C.
DIRECTORS DEFERRED COMPENSATION PLAN
(As Amended through December 12, 2007)

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BOISE CASCADE HOLDINGS, L.L.C.
DIRECTORS DEFERRED COMPENSATION PLAN

1.    Purpose
of the Plan.    The purpose of the Boise Cascade Holdings, L.L.C. Directors Deferred Compensation Plan (the "Plan") is to
further the growth and development of Boise Cascade Holdings, L.L.C. (the "Company") by providing directors the opportunity to defer a portion of their cash compensation and thereby encourage their
efforts on behalf of the Company. The Plan is also intended to provide Participants with an opportunity to supplement their retirement income through deferral of current compensation. The Plan is an
unfunded plan.

2.    Definitions.

2.1    Board.    The
Board of Directors of Boise Cascade Holdings, L.L.C.

2.2    Compensation.    A
Participant's fees, payable in cash, for services rendered by a Participant as a Director of the
Company during a calendar year. Compensation shall not include any amounts paid by the Company to a Participant that are not strictly in consideration for personal services, such as expense
reimbursements. Compensation shall not include any taxable income realized by, or payments made to, a director as a result of the grant, exercise, or payment of any equity award issued by the Company
or any subsidiary or affiliate or as a result of the disposition of such equity award, unless the Board determines that the award shall be included in Compensation for purposes of this Plan.

2.3    Deferral
Election.    A Participant's election to defer all or part of his or her Compensation.

2.4    Deferred
Account.    The record maintained by the Company for each Participant of the cumulative amount of
Compensation deferred pursuant to this Plan and imputed interest, gains or losses on those amounts accrued as provided in Section 4.6.

2.5    Deferred
Compensation Agreement.    Collectively, a Participant's Deferral Election and Distribution Election.

2.6    Director.    For
purposes of this Plan, an individual who is a member of the Board and who receives a cash retainer
and meeting fees in connection with the performance of services as a member of the Board.

2.7    Distribution
Election.    A Participant's election of the method and timing of distribution of his or her Deferred
Account.

2.8    Investment
Account.    Any of the accounts identified by the Board from time to time, described in Exhibit A,
to which Participants may allocate all or any portion of their Deferred Accounts for purposes of determining the gains or losses to be assigned to the Deferred Accounts.

2.9    Normal
Retirement Date.    The date specified in the Company's Bylaws for the retirement of any Director.

2.10    Participant.    A
Director who has entered into a Deferred Compensation Agreement with the Company in accordance
with the provisions of the Plan.

2.11    Termination.    The
Participant's ceasing to be a member of the board of directors of the Company for any reason
whatsoever, whether voluntarily or involuntarily.

2.12    Unforeseeable
Emergency.    A severe financial hardship to the Participant resulting from (a) an illness or
accident of the Participant or his or her spouse, beneficiary or dependent (as defined in Internal Revenue Code section 152, without regard to sections 152(b)(1), (b)(2) and (d)(1)(B));
(b) loss of the Participant's property due to casualty; or (c) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the Participant's control,
such as medical expenses or funeral expenses for the Participant's spouse, beneficiary or dependent (as defined earlier in this subsection). The determination of whether an event constitutes

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an
Unforeseeable Emergency shall be made based on the facts and circumstances of the specific event.

3.    Administration
and Interpretation.    The Board shall have final discretion, responsibility, and authority to administer and
interpret the Plan. This includes the discretion and authority to determine all questions of fact, eligibility, or benefits relating to the Plan. The Board may also adopt any rules it deems necessary
to administer the Plan. The Board may delegate its administration responsibilities to any committee of the Board, and if the Board does so, references to the Board in this Plan shall be deemed to be
references to the designated committee. The Board's responsibilities for day-to-day administration and interpretation of the Plan shall be exercised by employees of the Company
or a subsidiary who have been assigned those responsibilities by management. Any employee exercising responsibilities relating to the Plan in accordance with this section shall be deemed to have been
delegated the discretionary authority vested in the Board with respect to those responsibilities, unless limited in writing by the Board. Claims for benefits under the Plan and appeals of claim
denials shall be in accordance with Sections 10 and 11.

4.    Participant
Deferral and Distribution Elections.

4.1    Execution
of Agreement.    A Director who wishes to participate in the Plan must execute a Deferred Compensation
Agreement either (a) for newly eligible individuals, within 30 days after first becoming eligible to participate in the Plan, or (b) prior to January 1 of the calendar year
for which the Deferred Compensation Agreement will be effective.

4.2    Deferral
Election.    When a Director first becomes eligible to participate, he or she shall have the opportunity to
make a Deferral Election which shall apply to Compensation earned beginning the first calendar quarter after such election is made. Each year thereafter, the Director shall have the opportunity to
make a Deferral Election with respect to his or her Compensation earned in the
following calendar year. Deferral Elections shall be made either by submission of a written Deferral Election Form in substantially the form provided in Appendix A or by completion of an online
enrollment process, as designated by the Company. The Compensation otherwise earned by a Participant during the calendar year beginning after receipt of the Participant's Deferral Election shall be
reduced by the amount elected to be deferred. Deferral Elections are irrevocable as of the end of the period for executing the Deferred Compensation Agreement under Section 4.1 with respect to
initial Deferral Elections, and as of the end of the annual enrollment period established by the Company pursuant to Section 4.3 with respect to subsequent Deferral Elections, except as
otherwise provided in this Plan.

4.3    Change
of Deferral Election.    A Participant who wishes to change an election to defer Compensation for a future
year may do so at any time by submitting a new Deferral Election during the annual enrollment period established by the Company prior to January 1 of the year for which the change in election
is to be effective.

4.4    Distribution
Election.    At the time a Participant first elects to defer Compensation under Section 4.2, he
or she must elect a distribution option for his or her Deferred Account either by submission of a written Distribution Election Form in substantially the form provided in Appendix A or by
completion of an online enrollment process, as designated by the Company. Distribution Elections are irrevocable when made except as otherwise provided in this Plan.

4.5    Change
of Distribution Election.    A Participant may request, in writing, a change of his or her Distribution
Election at any time. The new election must (a) defer commencement of distribution for at least 5 years from the date distribution would have commenced under the original Distribution
Election and (b) be received by the Board at least 12 months prior to the commencement of distribution of the Participant's Deferred Account under the original Distribution Election. The
Board shall approve the request if it meets the requirements of this section. Approved requests shall not take effect until 12 months after the date the request was submitted.

4.6    Deferred
Account Allocations and Adjustments.    The Company shall maintain a record of each Participant's Deferred
Account balance, including deferrals and adjustments. Each

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Participant's
Deferred Account shall be adjusted on a monthly basis to reflect the imputed interest, gains or losses attributable to the applicable Investment Account(s). Imputed interest will be
credited to a Participant's account on the last day of each month. Computation of the imputed interest, gains or losses with respect to any Investment Account shall be at the Company's sole
discretion.

4.7    Investment
Accounts.    If the only Investment Account offered is the Stable Value Account, Participants' deferrals
will be automatically allocated to the Stable Value Account. If more than one Investment Account is offered, the following terms apply:

4.7.1    Each
Participant must allocate his or her current deferrals of Compensation to one or more of the offered Investment Accounts, either by submission of a written
allocation form or by completion of an online allocation process, as designated by the Company and subject to any restrictions established by the Company.

4.7.2    Participants
who are active Directors may from time to time change the allocation of prospective deferrals to or from any Investment Account on any business day, with
any change effective as of the first calendar quarter beginning after the date of the change.

4.7.3    Participants
who are active Directors may move all or any portion of their Deferred Account balance among any of the Investment Accounts, other than the Stable Value
Account, on any business day, with any change effective as of the next business day.

4.7.4    Deferred
Account balances allocated to the Stable Value Account may not be moved to any other Investment Account.

4.7.5    After
Termination, a Participant may not change the allocation of his or her Deferred Account among Investment Accounts.

5.    Distributions.

5.1    Distributions
in General.    The Company shall distribute a Participant's Deferred Account balance according to the
Participant's Distribution Election, except as otherwise provided in this Section 5. The designated payment date for purposes of Internal Revenue Code Section 409A shall be the date
stated in the Participant's Distribution Election, except as otherwise provided in this Section 5.

5.2    Interest,
Gains and Losses after Termination.    Unpaid balances shall continue to be credited with imputed
interest, gains or losses based on the applicable Investment Account prospectively from the date of Termination until such amounts are distributed from the Plan.

5.3    Hardship
Distribution.    If an Unforeseeable Emergency occurs, a Participant may request a lump-sum
distribution of an amount reasonably necessary to satisfy the emergency need plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the
extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant's assets (to the extent the liquidation of such
assets would not itself cause severe financial hardship). Determination of the amount reasonably necessary to satisfy the emergency need must take into account any additional compensation available
due to the cancellation of the Participant's Deferral Election pursuant to this Section 5.3. The Participant shall document, to the Board's satisfaction, that distribution of all or part of his
or her account is necessary to satisfy the Unforeseeable Emergency. A Participant requesting a distribution under this Section must not have access to other funds, including proceeds of any loans,
sufficient to satisfy the need. Upon receipt of a request under this Section, the Board may, in its sole discretion, direct the distribution of all or a portion of the Participant's account balance in
a lump sum, to the extent necessary to satisfy the financial need. Any distribution will be made within 90 days of the Board's receipt of such request. The Participant shall sign all
documentation requested by the Board relating to the distribution. If a Participant receives a distribution from the Plan under this Section, his or her current Deferral Election shall be cancelled,
and he or she shall not be eligible to shall not be eligible to participate in this Plan or

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any
other nonqualified deferred compensation plan maintained by the Company or any subsidiary for a period of 12 months following the date of the distribution. The Participant may make a new
Deferral Election during the next annual enrollment period following the conclusion of the 12-month period.

5.4    Small
Account Distributions.    If a Participant's Deferred Account balance is less than $10,000 on the date of
Termination, the Company shall promptly distribute the entire Deferred Account balance in a lump sum to the Participant within 90 days following the date of Termination, regardless of the
Participant's Distribution Election, and the Participant shall have no further rights or benefits under this Plan.

5.5    Distributions
Following Participant Death; Designation of Beneficiary.    The Company shall make all payments to the
Participant, if living. A Participant shall designate a beneficiary by filing a beneficiary designation in the form and manner prescribed by the Board. A Participant may change his or her beneficiary
at any time by filing a new beneficiary designation in the form and manner prescribed by the Board. If a Participant dies either before benefit payments have commenced under this Plan or after
benefits have commenced but before his or her entire Deferred Account has been distributed, his or her designated beneficiary shall receive any benefit payments in accordance with the Participant's
Distribution Election. If no designation is in effect when any benefits payable under this Plan become due, the beneficiary shall be the spouse of the Participant, or if no spouse is then living, the
Participant's estate. The designated payment date for distributions under this Section shall be the date of the Participant's death.

5.6    Distributions
Pursuant to a Domestic Relations Order.

5.6.1    A
domestic relations order relating to benefits under this Plan shall be reviewed by the Company's senior human resources officer or his or her delegate. The
individual shall determine whether the order satisfies the definition in Internal Revenue Code Section 414(p). The Company may establish procedures for reviewing and processing a domestic
relations order similar to the processing of domestic relations orders under the Company's qualified plans.

5.6.2    The
order must specify the name and last known mailing address and social security number of the Participant and each alternate payee. It must name the plan to which
it applies. It must specify the percentage or amount of the Participant's benefit which is payable to an alternate payee and the date as of which the amount or percentage is determined. The order
cannot require the Plan to (a) pay any form of benefit not permitted under the Plan, (b) provide a benefit greater than the benefit to which the Participant is entitled, or
(c) affect the benefits of another alternate payee with respect to whom a domestic relations order has previously been accepted by the Plan.

5.6.3    If
the order is acceptable, a distribution to the alternate payee pursuant to the terms of the order shall be authorized as soon as administratively practicable
without regard to the time distribution would be made to the affected Participant. If the order is not acceptable, that shall be communicated in writing to the Participant and the alternate payee,
including identification of the provisions of the order that cause it to be unacceptable.

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6.    Miscellaneous.

6.1    Assignability.    A
Participant's rights and interests under the Plan may not be assigned or transferred except in
the event of the Participant's death, as described in Section 5.5.

6.2    Taxes.    The
Company shall deduct from all payments made under this Plan all applicable federal or state taxes
required by law to be withheld.

6.3    Form
of Communication.    Deferral Elections and Distribution Elections shall be made as provided in
Sections 4.1 through 4.5. Beneficiary designations shall be made as provided in Section 5.5. Any other application, claim, notice, or other communication required or permitted to be made
by a Participant to the Board or the Company shall be made in writing and in such form as the Board or Company may prescribe. Such communication shall be effective upon receipt by the Company's
corporate secretary at 1111 West Jefferson Street, PO Box 50, Boise, Idaho 83728.

6.4    Service
Providers.    The Company may, in its sole discretion, retain one or more independent entities to provide
services to the Company in connection with the operation and administration of the Plan. Except as specifically delegated or assigned to any such entity in writing, the Board shall retain all
discretionary authority under this Plan. No Participant or other person shall be a third party beneficiary with respect to, or have any rights or recourse under, any contractual arrangement between
the Board, the Company or the Company's subsidiary or affiliate and any such service provider.

7.    Amendment
and Termination.    The Board may, at its sole discretion, amend or terminate the Plan at any time, provided that the
amendment or termination shall not adversely affect the vested or accrued rights or benefits of any Participant without the Participant's prior consent.

8.    Unsecured
General Creditor.    Participants and their beneficiaries, heirs, successors, and assigns shall have no legal or
equitable rights, interest, or claims in any property or assets of the Company. The assets of the Company shall not be held under any trust for the benefit of Participants, their beneficiaries, heirs,
successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all Company assets shall be, and remain, the general,
unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company to pay money in the future.

9.    Claims
Procedure.    Claims for benefits under the Plan shall be filed in writing, within 90 days after the event giving
rise to a claim, with the Company's corporate secretary, who shall forward such claims to Boise Cascade, L.L.C.'s compensation manager. The compensation manager shall have discretion to interpret and
apply the Plan, evaluate the facts and circumstances, and make a determination with respect to the claim in the name and on behalf of the Board. The claim shall include a statement of all facts the
claimant believes relevant to the claim and copies of all documents, materials, or other evidence that the claimant believes relevant to the claim. Written notice of the disposition of a claim shall
be furnished to the claimant within 90 days after the application is filed. This 90-day period may be extended an additional 90 days by the compensation manager, in his or
her sole discretion, by providing written notice of the extension to the claimant prior to the expiration of the original 90-day period.

10.    Claims
Review Procedure.    Any claimant who has been denied a benefit claim shall be entitled, upon written request to the Board,
to a review of the denied claim. A request for review, together with a written statement of the claimant's position and any other comments, documents, records or information that the claimant believes
relevant to his or her claim, shall be filed with the Board no later than 60 days after receipt of the written notification provided pursuant to Section 9. The Board shall make its
decision, in writing, within 60 days after receipt of the claimant's request for review. This 60-day period may be extended an additional 60 days if the Board provides
written notice of the extension to the claimant prior to the expiration of the original 60-day period. The written decision shall be final and binding on all parties.

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11.    Lawsuits,
Jurisdiction, and Venue.    No lawsuit claiming entitlement to benefits under this Plan may be filed prior to exhausting
the claims and claims review procedures described in Sections 9 and 10. Any such lawsuit must be initiated no later than the earlier of (a) one year after the event(s) giving rise to the
claim occurred or (b) 60 days after a final written decision was provided to the claimant under Section 10. Any legal action involving benefits claimed or legal obligations
relating to or arising under this Plan may be filed only in Federal District Court in the city of Boise, Idaho. Federal law shall be applied in the interpretation and application of this Plan and the
resolution of any legal action. To the extent not preempted by federal law, the laws of the state of Delaware shall apply.

12.    Effective
Date of Plan.    This Plan shall become effective as of January 1, 2006.

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EXHIBIT A

INVESTMENT
ACCOUNTS

Stable Value Account.    Deferred Accounts allocated to this account shall be credited with imputed
interest according to the regular method and rate established for the Stable Value Account under the Boise Cascade, L.L.C. Deferred Compensation Plan or any successor to that plan (the "Employee
Plan"), without taking into account any changes to that method or rate caused by an event other than amendment of the Employee Plan (e.g., reduction in the rate due to a participant's
termination of employment or other event, such as a change in control). If at any time the Employee Plan ceases to have an investment account designated as a Stable Value Account, the Board shall
designate the method and rate for calculating imputed interest under this account.

Note:As of October 31, 2006, the interest crediting rate under the Stable Value Account of the Employee Plan is Moody's times 130%.
The Company shall inform Participants if the rate under the Employee Plan changes at any time.

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APPENDIX A
Boise Cascade Holdings, L.L.C.
Form of Deferral Election Form

This form constitutes my election to participate in the Boise Cascade Holdings, L.L.C. Directors Deferred Compensation Plan, subject to the provisions of that
plan. I agree that my request to defer cash compensation into the plan is irrevocable by me for compensation to be earned in 200, except as provided in the
plan.

I
wish to receive my cash compensation (retainer and meeting fees) as follows:

|                                     |  | 200 ELECTIONS |   | NEW
200 ELECTIONS |  
|------------------------------------ |  | ------------- | - | ----------------- | -
|Director Deferred Compensation Plan* |  |               | % |                   | %
|Cash                                 |  |               | % |                   | %
|                                     |  |               |   |                   |  
|                                     |  | 100           | % | 100               | %
|                                     |  |               |   |                   |  

|Signed: |  | 
|------- |  | 
|        |  | 

|
|

|Date: |  |  |  | Printed Name: |  | 
|----- |  |  |  | ------------- |  | 
|      |  |  |  |               |  | 

This form must be returned before December 31, 200, to:

Karen
E. Gowland
Corporate Secretary
Boise Cascade Holdings, L.L.C.
P.O. Box 50
Boise, ID 83728
FAX: 208/384-4961

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Boise Cascade Holdings, L.L.C.  Form of Distribution Election Form

THIS DISTRIBUTION ELECTION applies to my Deferred Account balance under the Boise Cascade Holdings, L.L.C. Directors Deferred Compensation Plan (the "Plan"),
which is incorporated into this Agreement. I understand that this election is irrevocable except as provided in the Plan.

|I elect the followingform of distributionof my Deferred Account balance:                                                        
|--------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                
|                                                                                                                                
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|I elect the followingdistribution beginning date:                                                                               
|                                                                                                                                
|                                                                                                                                
|                                                                                                                                
|                                                                                                                                
|If I diebeforedistributions from the Plan begin, the Company will pay my designated beneficiary the Deferred Account balance as:
|                                                                                                                                
|                                                                                                                                
|                                                                                                                                
|If I choose installment payments and I dieafterinstallment payments have begun, the Company will pay my designated beneficiary: 
|                                                                                                                                
|                                                                                                                                

|
|

|Signed: |  | 
|------- |  | 
|        |  | 

|
|

|Date: |  |  |  | Printed Name: |  | 
|----- |  |  |  | ------------- |  | 
|      |  |  |  |               |  | 

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