0000950123-11-046507 Sample Contracts

To: Date: March 2, 2011 Subject: The Andersons, Inc.
Performance Share Unit Grant Agreement • May 6th, 2011 • Andersons Inc • Wholesale-farm product raw materials

You have been selected to receive a Performance Share Unit (the “PSUs”) grant subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the PSUs granted to you as of March 1, 2011.

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To: Date: March 2, 2011 Subject: The Andersons, Inc.
Restricted Share Award Agreement • May 6th, 2011 • Andersons Inc • Wholesale-farm product raw materials

You have been selected to receive a Restricted Share Award (the “Shares”) subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the Shares awarded to you as of March 1, 2011.

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