0000950152-06-004220 Sample Contracts

Form of Performance Share Award Agreement
Performance Share Award Agreement • May 10th, 2006 • Andersons Inc • Wholesale-farm product raw materials

You have been selected to receive a Performance Share Unit (the “PSUs”) award 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 awarded to you as of April 1, 2006.

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Form of Stock Only Stock Appreciation Rights Agreement
Stock Appreciation Rights Agreement • May 10th, 2006 • Andersons Inc • Wholesale-farm product raw materials

You have been selected to receive a 2006 Stock Only Stock Appreciation Rights Grant (the “SOSARs”) under the Long Term Performance Compensation Plan (the “Plan”). This Letter of Agreement (the “Agreement”) will document the key provisions relating to the SOSARs granted to you effective as of April 1, 2006.

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