0000950152-08-003692 Sample Contracts

To: Date: March 3, 2008 Subject: The Andersons, Inc.
Andersons Inc • May 9th, 2008 • Wholesale-farm product raw materials

You have been selected to receive a 2008 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 March 1, 2008.

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To: Date: March 3, 2008 Subject: The Andersons, Inc.
Andersons Inc • May 9th, 2008 • 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, 2008.

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