0001193125-12-222155 Sample Contracts

Standard Contracts

To: John J. Granato Date: May 1, 2012 Subject: The Andersons, Inc. 2012 Performance Share Unit Grant Letter of Agreement
Performance Share Unit Grant Agreement • May 9th, 2012 • 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 April 30, 2012.

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To: Date: March 2, 2012 Subject: The Andersons, Inc.
Restricted Share Award Agreement • May 9th, 2012 • 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, 2012.

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