Document:

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                                                            Exhibit 10.5

                               LEASE AND SUBLEASE

         THIS LEASE, made and entered into effective as of June 1, 1998 by and
between CARGILL, INCORPORATED, a Delaware corporation, with principal offices
and place of business at 15407 McGinty Road West, Wayzata, Minnesota 55391
("Landlord"), and THE ANDERSONS, INC., an Ohio corporation with principal
offices and place of business at 480 W. Dussel Drive, P. O. Box 119, Maumee, OH
43537 ("Tenant").

                                   WITNESSETH:

         WHEREAS, Landlord is the owner of that certain real property described
in the attached Exhibit A, together with a grain facility and other buildings,
fixtures, improvements, machinery, equipment, rolling stock, and trackage in the
City of Maumee, Lucas County, Ohio (hereinafter referred to as the "Maumee
Facility"); and

         WHEREAS, Landlord owns a leasehold interest in the real estate
described in the attached Exhibit B, together with a grain facility and other
buildings, fixtures, improvements, machinery, equipment, rolling stock, located
thereon, located in the City of Toledo, Lucas County, Ohio (hereinafter referred
to as the "Toledo Facility") (the Maumee Facility and the Toledo Facility shall
collectively be referred to as the "Facilities") under the terms of a certain
Lease dated April 1, 1978 by and between Cargill, Incorporated, as lessee, and
the Toledo-Lucas County Port Authority, as lessor, as supplemented by a
Supplemental Lease dated March 1, 1982, by a Second Supplemental Lease dated as
of June 1, 1983, by a Third Supplemental of Lease dated as of April 1, 1992 and
by a Fourth Supplemental Lease dated as of May 15, 1993 (hereinafter
collectively referred to as the "IRB Lease") as assigned to National City Bank,
Northwest as Trustee, (successor to Ohio Citizens Bank which was formerly known
as The Ohio Citizens Trust Company) (the "IRB Lease Trustee"); and

         WHEREAS, Landlord leases certain real property located adjacent to the
Toledo Facility, consisting of approximately 3.08 acres, as shown on the site
plan attached hereto as Exhibit C (hereinafter referred to as the "Toledo
Railroad Property"), under the terms of that certain lease dated May 1, 1979,
Property No. 52168, by and between the Norfolk and Western Railway Company, as
lessor, and Cargill, Incorporated, as lessee (hereinafter referred to as the
"Toledo Railroad Lease"); and

         WHEREAS, Landlord desires to lease to Tenant and Tenant desires to
lease from Landlord, the Maumee Facility on the terms, covenants and conditions
hereinafter set forth; and

         WHEREAS, Landlord desires to sublease to Tenant and Tenant desires to
sublease from Landlord the Toledo Facility and the Railroad Property, on the
terms, covenants and conditions hereinafter set forth; and

         WHEREAS, Landlord and Tenant have entered into a Marketing Agreement
dated June 1, 1998 (the "Marketing Agreement"), under which Tenant shall use the
Facilities for the primary purpose of originating grain in the Toledo and
Maumee, Ohio area;

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         NOW, THEREFORE, in consideration of the mutual covenants, terms and
conditions hereinafter set forth, the parties agree as follows:

      1. DEMISE

                  (a) Lease of the Maumee Facility. Landlord hereby leases the
Maumee Facility (which includes the real estate described in Exhibits A) and the
buildings, fixtures, improvements, machinery, equipment, rolling stock, and
trackage located thereon, including, but not limited to, the personal property
listed on Exhibit D attached hereto, (the "Maumee Personal Property") and
Landlord hereby subleases to Tenant the personal property, described on the
attached Exhibit D, which is subject to the IRB Lease (the "Maumee IRB Personal
Property") and is located on that certain real property in Maumee, Ohio
described on the attached Exhibit A as Parcel I and Parcel II, to Tenant, and
Tenant hereby leases and subleases, respectively, the same from Landlord,
subject however, to:

                           (i) Any state of facts an accurate survey may show.

                           (ii) Covenants, restrictions, easements, agreements
                  and reservations listed in Exhibit E, whether or not of record
                  (the "Maumee Permitted Exceptions"), and the standard
                  exceptions contained in a standard title policy;

                           (iii) Building, platting and zoning ordinances, State
                  and Federal regulations;

                           (iv) Minerals and mineral rights reserved to the
                  State of Ohio or other parties;

                           (v) Taxes and installments of special assessments not
                  delinquent provided the same shall be paid as hereinafter
                  provided; and

                           (vi) Permitted encumbrances hereinafter described,

to be used primarily for the purpose of grain handling, and related activities,
and for no other purpose, without the express prior written consent of Landlord.

                  (b) Assiqnment of Maumee Aqreements. During the term hereof,
Landlord hereby assigns to Tenant, its rights, title and interest to those
certain railroad agreements, copies of which are attached hereto as Exhibit F
(the "Maumee Railroad Agreements"), relating to the use, operation and
maintenance of railroad tracks servicing the Maumee Facility. Tenant hereby
accepts and assumes the Maumee Railroad Agreements and agrees to carry out,
perform and complete all obligations and liabilities created or arising under
the Maumee Railroad Agreements during the term of this Lease including, but not
limited to, all charges and rent due under the Maumee Railroad Agreements.

                  (c) Sublease of the Toledo Facility. Landlord hereby subleases
the Toledo Facility (which includes the real estate described in Exhibit B)
including the buildings, fixtures, improvements, machinery, equipment and
rolling stock located thereon, and Landlord hereby leases

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to Tenant the personal property listed on Exhibit D (which is not subject to the
IRB Lease) (the "Toledo Personal Property"), and Tenant hereby subleases and
leases, respectively, the same from Landlord, subject, however, to:

                           (i) Any state of facts an accurate survey may show.

                           (ii) Covenants, restrictions, easements, agreements
                  and reservations listed in Exhibit E, whether or not of record
                  (the "Toledo Permitted Exceptions"), and the standard
                  exceptions contained in a standard title policy;

                           (iii) Building, platting and zoning ordinances, State
                  and Federal regulations;

                           (iv) Minerals and mineral rights reserved to the
                  State of Ohio or other parties;

                           (v) Taxes and installments of special assessments not
                  delinquent provided the same shall be paid as hereinafter
                  provided; and

                           (vi) Permitted encumbrances hereinafter described,

to be used primarily for the purpose of grain handling, and related activities,
and for no other purpose, without the express prior written consent of Landlord.
The Maumee Personal Property, the Maumee IRB Personal Property and the Toledo
Personal Property shall be collectively referred to as the "Personal Property".

         (d) Sublease of the Railroad Lease. Landlord hereby subleases the
Railroad Property to Tenant, and Tenant agrees to sublease the Railroad Property
from Landlord. Tenant hereby acknowledges that the terms and conditions of the
Railroad Lease are hereby incorporated into this Agreement as Exhibit G. Tenant
hereby covenants and agrees: (i) to perform all covenants and obligations of
"Lessee" as set forth in the Railroad Lease, and (ii) that in the event of a
conflict between the terms and conditions of this Agreement and the terms and
conditions of the Railroad Lease, the terms and conditions of the Railroad Lease
shall govern and control. Landlord represents that it has obtained oral consent
from the Railroad for the sublease of the Railroad Lease, and Landlord shall use
best efforts to obtain such consent in writing.

         (e) Assignment of Toledo Aqreements. During the term hereof, Landlord
hereby assigns to Tenant, its rights, title and interest to those certain
agreements copies of which are attached hereto as Exhibit F (the "Toledo
Railroad Agreements"), relating to the use, operation and maintenance of
railroad tracks servicing the Toledo Facility. Tenant hereby accepts and assumes
the Toledo Railroad Agreements and agrees to carry out, perform and complete all
obligations and liabilities created or arising under the Agreements during the
term of this Lease including, but not limited to, all charges and rent due under
the Toledo Railroad Agreements.

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         2.       TERM.

                  (a) The term of this Lease shall be for a period of five (5)
years, commencing on the 1st day of June, 1998, ("Commencement Date") and
expiring on the 31st day of May, 2003 ("Expiration Date"); provided, however, in
the event the Marketing Agreement is terminated prior to the Expiration Date
hereof, then this Lease shall be coterminous with the termination of the
Marketing Agreement without further action by either party. Further, in the
event that the Marketing Agreement is not executed by both parties within five
(5) business days of execution of this Lease, this Lease shall terminate without
further action by either party.

                  (b) In the event either party desires to extend or renew the
Marketing Agreement beyond the Expiration Date of this Lease, such party shall
give the other party written notice of its intent to extend or renew this Lease
at least ninety (90) days prior to the expiration of this Lease, and the
parties hereby agree to negotiate in good faith the terms of the extension or
renewal of this Lease.

         3.       RENT.

                  (a) Tenant agrees to pay to Landlord as and for rent for the
Facilities the sum of * ( * ) per annum which sum shall be payable on a
semi-annual basis and which shall be due upon the first day of the term hereof
and thereafter upon the first day of each semi-annual period of the term of this
Lease. Said rent shall be payable in cash or by wire transfer at Landlord's
address given hereinbelow or at such other place as Landlord may, from time to
time, designate in writing. In the event Tenant shall fail to pay Landlord any
part of the aforesaid rental or any other sum required herein to be paid to
Landlord, within five (5) days of the due date thereof, Tenant shall pay to
Landlord a delinquent payment charge from the expiration of such five (5) day
period until the rental or other required sums are fully paid at the rate of 10%
per month or at the highest lawful contract rate allowed by the State of Ohio,
whichever is lower.

                  (b) In addition to the annual fixed rent set forth in (a)
above, Tenant shall pay Landlord as additional rent for the Facilities, upon
thirty (30) days after receipt of the tax bill from Landlord, all real estate
taxes (including any tax in lieu of ad valorem tax), personal property taxes,
assessments, use and occupancy taxes, levies, license and permit fees and other
charges, general and special, of any kind and nature whatsoever which shall or
may be, during the term of this Lease, assessed or levied against the Facilities
and which shall accrue during the term of the Lease. All such taxes assessed or
levied against the Facilities accruing during the initial year and final year of
the lease shall be prorated between Tenant and Landlord, as of the commencement
and expiration date of the Lease for the initial and final years, respectively.
Landlord may submit a tax bill to Tenant for such prorated amounts at the
earliest time that the Landlord is able to determine such prorated amount.

                  (c) Tenant shall pay all sales or use taxes imposed upon all
payments made pursuant to the Lease or otherwise imposed by any tax authority.

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

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                  (d) Rebates. All rebates on account of any such taxes, rates,
levies, charges, or assessments required to be paid and paid by Tenant under the
provisions hereof shall belong to Tenant, and Landlord will, on the request of
Tenant, execute any receipts, assignments, or other acquittances that may be
necessary in order to secure the recovery of any such rebates, and will pay
promptly over to Tenant any such rebates that may be received by Landlord.

                  (e) Personal Property Taxes. Tenant shall bear the burden for
any Imposition levied against the personal property belonging to Tenant,
including the Personal Property, stored, kept or maintained in or upon the
Facilities.

                  (f) Nothing contained herein shall require Tenant to satisfy
the bonds which are the subject of the IRB Lease or to pay any income tax or any
taxes in lieu thereof of Landlord, or the Rent (as defined in the IRB Lease) due
under the IRB Lease.

                  As hereinafter used, the term "rent" shall collectively mean
the fixed rent and additional rent.

         4.       UTILITIES.

                  Tenant shall initiate, contract for, and obtain, in its name,
all utility or other services it desires for the Facilities, and Tenant shall
pay all such charges for such utility services as they become due.

         5.       USE OF FACILITIES

                  (a) Use of the Toledo Facility. Tenant shall not do, permit or
suffer any event or omission as a result of which there could occur a default of
the IRB lease or an acceleration of the payments thereunder or which could cause
the interest on the bonds issued in connection with the IRB Lease to become
taxable. Specifically, Tenant shall abide by, perform on behalf of Landlord or
be subject to the IRB Lease. Specifically, Tenant shall comply with the
following sections of the IRB Lease:

                  1.0      (Definitions)

                  2.2      (Purposes)

                  4.5      (Installation of Own Personal Property)

                  6.1      (Maintenance and Modifications of Leased Premises)

                  6.2      (Removal of Portions of the Project)

                  6.3      (Removal of Company's Own Personal Property)

                  6.4      (Documents to be Provided)

                  6.5      (Taxes, Other Governmental Charges and Utility
                           Charges)

                  6.6      (Property Insurance)

                  6.7      (Additional Provisions Respecting Insurance)

                  6.8      (Public Liability Insurance)

                  6.9      (Workers' Compensation Coverage)

                  7.1      (Damage Destruction and Condemnation)

                  7.2      (Eminent Domain)

                  8.1      (Mechanics' and Other Liens)

                  9.9      (Right of Access)

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                  9.10     (Indemnification)

                  9.11     (Company Not to Adversely Affect Tax Exempt Status of
                           Bonds' Interest)

                  11.1     (Assignment and Subleasing by Company)

and to the following section of the Second Supplemental Lease: 4. Representation
Covenant as to 1983 Addition.

                  Tenant shall not use the Toledo Facility in any manner which
would materially impair the fulfillment of the purposes of the Act (as that term
is defined under the IRB Lease) to be accomplished by operation of the Toledo
Facility.

                  Hereinafter any breach of the above is collectively referred
to as an "IRB Default"

                  Tenant shall keep all information and documentation relative
to this Lease confidential and shall not disclose any information to any third
party without the prior written consent of Landlord. Notwithstanding the
foregoing, Tenant may provide a copy of this Lease to any grain licensing agency
or office, or to any insurance company, to the extent that Tenant is required to
do so by such grain licensing agency or office or insurance company; provided,
however, that Tenant shall redact all such copies of this Lease to the extent
that the redacted information is not required by the grain licensing agency or
office or insurance company. Tenant also may file a memorandum of lease with any
appropriate court or governmental agency or office.

                  (b) Use: General. No use shall be made of the Facilities which
is a violation of any applicable law, regulation or ordinance or the
restrictions contained in the deeds to the Facilities, and no use shall be made
which causes a cancellation of any insurance covering the Facilities. Tenant
shall use the Facilities in a careful, safe and proper manner.

                  Landlord has terminated any employment relationship it
previously had with each of its employees at the Facilities. Landlord shall have
no further supervisory function whatsoever with respect to any of its former
employees at the Facilities. Tenant has sole authority to operate the Facilities
for the purposes of the relationship contemplated by the Marketing Agreement
entered into by the Landlord and Tenant. Accordingly, Tenant shall be solely
responsible for the direction of its agents, servants and employees, including
all former employees of Landlord hired by Tenant. In particular and without
limitation, Tenant shall be solely responsible for its employees' selection,
hiring, firing, supervision, wages and benefits, hours, performance standards,
training and discipline. Tenant shall also be solely responsible for compliance
with all applicable local, state and federal laws and regulatory requirements
relating to its employees.

         6.       MAINTENANCE AND REPAIRS

                  During the term of this Lease, Tenant shall, at its own cost
and expense, keep and maintain the Facilities and any improvements thereon in
good order and condition, and will make all necessary repairs, structural or
nonstructural, to the Facilities and improvements, to the end that the
Facilities and improvements shall at all times be kept in good and tenantable
condition for the purposes for which the Facilities are being used. Tenant will
not do or suffer any waste or damage or injury to the Facilities or any
improvement thereon, or any part thereof. All repairs made by Tenant shall be
equal in quality and class to the original work. Tenant hereby assumes the full
and

<PAGE>

sole responsibility for the condition, operation, repair, replacement,
maintenance and management of the Facilities and any improvements thereon. In
addition to the foregoing, Tenant shall also keep sidewalks and parking areas
free and clear of snow, ice or other obstructions to travel and shall maintain
lawn and parking areas in a clear and sightly condition, free of debris and
waste. Landlord shall not have any responsibility for the maintenance or repair
of the Facilities. Upon the expiration or termination of this Lease, Tenant
shall surrender the Premises to Landlord in as good condition as of the
Commencement Date, loss by fire or other casualty covered by insurance, ordinary
wear and tear, and obsolescence excepted.

         7.       ALTERATIONS, ADDITIONS AND IMPROVEMENTS

                  (a) During the term of this Lease, Tenant may, at its own
expense, make alterations, additions or improvements to the Facilities with the
prior written consent of Landlord, provided that such alterations or additions
to the Toledo Facility will not result in an IRB Default. Tenant shall procure
all applicable permits and authorizations. All work shall be done in a good and
workmanlike manner and in compliance with all laws.

                  (b) Except as otherwise provided by the IRB Lease, all
alterations, additions and improvements to the Facilities shall immediately,
upon completion thereof, be and become the property of Tenant for the duration
of this Lease; provided, however, that upon termination of this Lease, Tenant
shall sell to Landlord and Landlord shall purchase from Tenant all such
alterations, additions and improvements at the then current book value of such
alterations, additions and improvements.

                  (c) Tenant shall keep the Facilities free of liens and
covenants and agrees to hold harmless and indemnify Landlord from and against
any costs, expenses and liabilities from any mechanic's, laborers' or
materialmen's or other liens, of whatsoever nature, which may be filed against
the Facilities during the term of this Lease. Tenant shall discharge any such
liens within thirty (30) days of the filing thereof. However, Tenant shall have
the right to contest in the name of Landlord, any such liens as Tenant may deem
necessary; provided that all expenses incurred by reason thereof shall be paid
by Tenant, Tenant provides written notice to Landlord of its intent to contest
such lien within three (3) days after the filing of such lien and Tenant, at
Landlord's request, gives reasonable security to insure payment thereof and to
prevent any sale, foreclosure or forfeiture of the Premises by reason of such
nonpayment.

                  (d) Compliance With Laws. Tenant agrees to comply with all
governmental laws and regulations relative to the use and operation of the
Facilities including without limiting the generality of the foregoing any OSHA,
EPA or other safety or environmental laws and regulations. Tenant agrees to
obtain and comply with all operating permits that are required for operating the
Facilities in accordance with the terms of this Lease and the Marketing
Agreement. Tenant shall not store hazardous materials or hazardous substances on
the Facilities. Tenant shall store all material on the Facilities according to
prudent and standard industry practice and label instructions, if any, even if
such are more restrictive than the aforesaid governmental laws and regulations.
The Tenant warrants that at all times during the course of this Lease the Tenant
will be fully responsible for compliance with the Public Accommodation/
Commercial Facilities disability access rules and regulations under the American
with Disabilities Act and with The Clean Air Act Amendments of 1990 (hereinafter
the "Acts") and shall indemnify and hold Landlord harmless from and against any

<PAGE>

and all claims, demands, damages, liabilities, costs and expenses arising out of
said Acts as amended from time to time and their corresponding regulations;
provided, however, that Landlord shall reimburse Tenant for all costs and
expenses required to bring the Facilities into compliance with the Acts to the
extent the Facilities are not in compliance as of the Commencement Date of this
Lease.

         8.       INSURANCE.

                  (a) Tenant shall, at no cost or expense to Landlord but for
the mutual benefit of Landlord and Tenant, maintain Commercial General Liability
(including contractual liability) and auto liability with combined single limits
of liability of * per occurrence.

                  (b) Tenant, at its sole cost and expense, but for the mutual
benefit of Landlord and Tenant, shall insure against all risks of loss or damage
to the Facilities in an amount equal to the full replacement cost of the
Facilities.

                  (c) Tenant shall, at no cost or expense to Landlord, but for
the mutual benefit of Landlord and Tenant, maintain boiler and machinery
insurance on all boilers, air conditioning equipment, and other pressure vessels
and systems located in, on or about the Facilities.

                  (d) Tenant shall, at no cost or expense to Landlord, maintain
Workers' Compensation, Employer's Liability Insurance and any other legally
required employer's insurance in accordance with and meeting all statutory
requirements.

                  (e) Property policies shall be so written or endorsed as to
make losses, if any, in excess of * per occurrence, payable directly to the IRB
Lease Trustee to the extent required by the IRB Lease. Property policies shall
be on an occurrence rather than claims-made basis and shall provide that they
will not be canceled without thirty (30) days prior written notice to all
persons named as insured or additional insured. Tenant's policies shall be
primary without right of contribution from Landlord or Landlord's insurance
policies. Landlord shall be named as an additional insured for the Maumee
Facility, and Landlord, and the Toledo-Lucas County Port Authority shall be
named as additional insureds as their interest may appear for the Toledo
facility. The IRB Lease Trustee shall also be named as an additional insured
pursuant to a standard mortgagee clause, as its interests may appear, regarding
the Toledo Facility. Tenant's insurance policies shall contain a waiver of
subrogation against Landlord. Certificates of insurance evidencing such coverage
for the respective Facilities shall be sent to Landlord, the Toledo-Lucas County
Port Authority and the IRB Lease Trustee on the Commencement Date and any
renewals thereof at least thirty (30) days prior to the expiration thereof.

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

         9.       INDEMNITY.

                  (a) Tenant shall hold Landlord harmless and indemnify Landlord
from and against all liabilities, injuries, losses, claims, expenses (including,
without limitation, attorneys' fees) or damages directly or indirectly arising
out of (i) Tenant's, its employees', agents', licensees', invitees',
contractors' or customers' use, presence, operation and occupancy of the
Facilities; (ii) any events on the Facilities; (iii) any breach of this Lease by
Tenant; (iv) any act or omission of Tenant or any of the foregoing parties on
the Facilities taking place in, on or about the Facilities or on public land or
waters adjoining the same; (v) any failure of Tenant, its employees, agents,
licensees, invitees, contractors or customers to comply and conform with all
federal, state and local laws, statutes, regulations, rules and ordinances, or
any directive, rule, regulation or request of Landlord; or (vi) any
environmental liabilities and any landfill; provided, however, that the same
shall have occurred on the Facilities after the date of this Lease, except to
the extent such liabilities, injuries, losses, claims, expenses or damages are
the result of the negligent or otherwise wrongful acts or omissions of the
Landlord, its employees, agents, licensees, invitees, contractors or customers.

                  (b) Tenant specifically agrees to indemnify, defend and hold
harmless Landlord from and against all claims, actions, damages, liabilities and
expenses (including attorneys' fees) arising out of or in connection with any
IRB Default caused by Tenant.

                  (c) Landlord shall hold Tenant harmless and indemnify Tenant
from and against all liabilities, injuries, losses, claims, expenses (including,
without limitation, attorneys' fees and any pending litigation) or damages
directly or indirectly arising out of or in any manner connected with the
operation or ownership of the Facilities and the conduct of business therein,
thereabout, thereon or with regard thereto, including any landfill that has
occurred on the Facilities, prior to the Commencement Date, including, without
limiting the generality of the foregoing, environmental and patent infringement
claims, suits, cases or charges.

                  (d) Landlord agrees to indemnify, defend and hold harmless
Tenant from and against all claims, actions, damages, liabilities and expenses
(including attorneys' fees) arising out of or in connection with Landlord's
failure to perform under the IRB Lease, provided that Tenant is not in breach of
any term of this Lease, which breach has contributed to Landlord's default under
the IRB Lease.

         10.      DAMAGE OR DESTRUCTION.

                  (a) Tenant agrees that in the event of damage to or
destruction of the Facilities, or any part thereof, by fire or other casualty,
Tenant shall immediately notify Landlord. Tenant agrees that in the event of
damage to or destruction of the Toledo Facility, or any part thereof, by fire or
other casualty, Tenant shall immediately notify Landlord, the Toledo-Lucas
County Port Authority and the IRB Lease Trustee.

                  (b) Tenant shall effect the prompt repair and restoration of
the Facilities to a condition at least equal to the condition immediately prior
to such damage or destruction.

                  (c) In the event of damage or destruction to the Toledo
Facility, all insurance

<PAGE>

money paid on account of such damage or destruction shall be applied to the
repair, rebuilding or restoration of the Premises by the Tenant. If the
insurance money is insufficient to pay all costs of restoration, Tenant shall
pay the deficiency and proceed to complete the restoration and pay the cost
thereof. Any balance of the insurance proceeds remaining over and above the
cost of the restoration shall be paid into the Bond Fund (as such term is
defined in the IRB Lease) pursuant to the IRB Lease.

                  (d) Tenant's obligation to make payment of the rent and all
other covenants to be performed by Tenant shall not be affected by any such
damage or destruction. Tenant hereby waives the provisions of any statute now or
hereafter in effect contrary to such obligation or which releases Tenant
therefrom. Notwithstanding the foregoing, in the event that the Threshold (as
defined in the Marketing Agreement) is renegotiated or adjusted pursuant to
Section 6.6 of the Marketing Agreement, Tenant's obligation to make payment of
rent shall be reduced by the same percentage as applied to the Threshold under
Section 6.6 of the Marketing Agreement.

         11.      CONDEMNATION.

                  In the event that one or both of the Facilities in its
entirety shall be taken in condemnation proceedings or by the exercise of any
right of eminent domain or by agreement between Landlord, Tenant and those
authorized to exercise such right ("Condemnation"), then this Lease shall
terminate and neither party shall have any obligation to the other except that
Landlord shall pay to Tenant a prorated refund of unearned, prepaid rentals, if
any. Tenant hereby waives any right to any condemnation awards. In the event
that any part of either Facility shall become subject to Condemnation, Landlord
and Tenant shall renegotiate in good faith the rent for the Facilities and shall
continue this Lease to the extent that such continuance is not inconsistent with
Section 7.2 of the IRB Lease.

         12.      ENTRY AND INSPECTION OF THE FACILITY.

                  Tenant, at any time during the term of this Lease Agreement,
shall permit reasonable inspection of the Facilities during reasonable hours by
Landlord. Landlord shall give notice at least 48 hours in advance of its
inspection. In addition, Tenant, at any time during the term of this Lease
Agreement, shall permit reasonable inspection of the Toledo Facility during
reasonable hours by the Toledo-Lucas County Port Authority, the IRB Lease
Trustee, and by their respective agents or representatives.

         13.      ASSIGNMENT, MORTGAGING AND SUBLETTING.

                  This Lease shall not be assigned by either party without the
prior written consent of the other party. Neither party shall mortgage or
otherwise encumber this Lease or the Facilities without the prior written
consent of the other party. Tenant shall not sublet the whole or any part of the
Facilities without Landlord's prior written consent. Neither party shall
unreasonably withhold its consent.

                  In the event that one or more third parties purchases Tenant's
stock in an amount sufficient to significantly affect or change control of
Tenant, or one or more third parties takes any action that does significantly
affect the control of Tenant, Landlord may in its sole discretion either

<PAGE>

continue or terminate this Lease. For purposes of this Agreement, "control"
shall mean (a) the direct or indirect ownership of more than fifty percent (50%)
of the total voting securities of every class or other voting evidences of
ownership interest of Tenant, or (b) the possession, directly or indirectly, of
the power to direct or cause the direction of the management and policies of
Tenant. If Landlord elects to terminate this Lease, Landlord must provide
written notice to Tenant of its election to terminate not more than fifteen (15)
days after public announcement or after Tenant has provided written notice to
Cargill of any public filing with the Securities Exchange Commission. Tenant
shall have no right to terminate this Agreement under this Section 13.

         14.      TENANT'S DEFAULT.

                  (a) The following shall constitute events of default by
         Tenant:

                           (i) Tenant shall fail to pay the rent or other
          charges on or before the same become due and payable and the same
          continues for fifteen (15) days after receipt of Landlord's written
          notice by Tenant;

                           (ii) Tenant shall fail to perform or observe any
          other term or condition contained in this Lease and Tenant shall not
          cure or commence to cure such failure within thirty (30) days after
          receipt of Landlord's written notice by Tenant;

                           (iii) Tenant shall do, permit or suffer any action,
          event or omission which would cause an IRB Default, if Tenant shall
          fail to cure or commence to cure such default (to the extent that such
          cure may be made under the IRB Lease) within thirty (30) days after
          written notice from Landlord (provided, however, that Tenant shall
          provide Landlord with prompt notice of any IRB Default of Tenant when
          Tenant becomes aware of such default);

                           (iv) Tenant shall permit this Lease or any estate of
          Tenant hereunder to be sold under any attachment or execution.

                           (v) Tenant shall file or have filed against it,
          voluntarily or involuntarily a petition in bankruptcy or shall be
          adjudicated a bankrupt or insolvent, or shall take the benefit of any
          relevant legislation that may be in force for bankrupt or insolvent
          debtors or shall file or have filed against it, voluntarily or
          involuntarily, any petition or answer seeking any reorganization,
          arrangement, composition, readjustment, liquidation, dissolution or
          similar relief for itself under any present or future federal, state
          or other statute, law or regulation, or if Tenant shall seek or
          consent to or acquiesce in the appointment of any trustee, receiver or
          liquidator of Tenant or of any substantial part of its properties, or
          shall make any general assignment for the benefit of creditors.

                  (b) In the event any one or more of the above shall occur,
Landlord shall have the right to terminate this Lease upon the expiration of
fifteen (15) days after receipt of Landlord's written notice by Tenant.

                  (c) Should Landlord at any time terminate this Lease for any
breach, Landlord shall still have such remedies as are available at law.

         15.      LANDLORD'S DEFAULT.

<PAGE>
                  (a) The following shall constitute events of default by
         Landlord:

                           (i) Landlord default under the IRB Lease, if Landlord
         shall fail to cure or commence to cure such default (to the extent that
         such cure may be made under the IRB Lease) within thirty (30) days
         after written notice from Tenant (provided, however, that Landlord
         shall provide Tenant with prompt notice of any IRB default of Landlord
         when Landlord becomes aware of such default);

                           (ii) Landlord shall file or have filed against it,
         voluntarily or involuntarily, a petition in bankruptcy or shall be
         adjudicated a bankrupt or insolvent, or shall take the benefit of any
         relevant legislation that may be in force for bankrupt or insolvent
         debtors or shall file or have filed against it, voluntarily or
         involuntarily, any petition or answer seeking any reorganization,
         arrangement, composition, readjustment, liquidation, dissolution or
         similar relief for itself under any present or future federal, state or
         other statute, law or regulation, or if Landlord shall seek or consent
         to or acquiesce in the appointment of any trustee, receiver or
         liquidator of Landlord or of any substantial part of its properties, or
         shall make any general assignment for the benefit of creditors.

                           (iii) Landlord shall fail to perform or observe any
         other term or condition contained in this Lease and Landlord shall not
         cure or commence to cure such failure within thirty (30) days after
         receipt of Landlord's written notice by Tenant.

                  (b) In the event any one or more of the above shall occur,
Tenant shall have the right to terminate this Lease upon the expiration of
fifteen (15) days after receipt of Tenant's written notice by Landlord.

                  (c) Should Tenant at any time terminate this Lease for any
breach, Tenant shall still have such remedies as are available at law.

         16.      LANDLORD MAY PERFORM TENANT'S OBLIGATIONS.

                 If Tenant shall fail to keep or perform any of its obligations
as provided hereunder, Landlord may (but shall not be obligated to do so),
without waiving or releasing Tenant from any obligation, as an additional but
not exclusive remedy, make any such payment or perform any such obligation, and
all sums so paid by Landlord plus all necessary and incidental costs and
expenses incurred by Landlord shall be deemed additional rent and shall be paid
to Landlord on demand and if not so paid by Tenant, Landlord shall have the same
rights and remedies as in the case of default by Tenant.

         17.      SURRENDER.

                  (a) Title to Improvements/Surrender. Except as otherwise
required by the IRB Lease, Landlord and Tenant agree that title to and ownership
of the buildings, structures, equipment, machinery and appurtenances presently
located on the Facilities and all repairs, replacements, additions and
reconstructions thereof made by Tenant (hereinafter collectively
"Improvements"), shall, upon the termination of this Lease, whether pursuant to
the expiration of the term hereof or pursuant to the exercise of any right of
termination herein contained or otherwise, vest immediately in Landlord, without
further instrument of conveyance whatsoever subject to the provisions set forth

<PAGE>

in Section 7(b) herein. Tenant shall, upon the termination of this Lease,
peacefully and quietly surrender and deliver the Facilities to Landlord.

                  (b) Right to Remove. Notwithstanding the terms of Section
17(a) above, any and all trade fixtures and personal property, which are or have
been built, supplied or used by Tenant in the conduct of its business may be
removed by Tenant at any time prior to or upon the termination of the Lease;
provided, however, that Tenant shall have discharged any encumbrance suffered or
permitted by Tenant against the Facilities. Tenant shall have a period of thirty
(30) days after termination within which to remove all trade fixtures and
personal property and shall, within such period, restore the Facilities to a
sightly and attractive condition. Tenant shall pay any and all costs of removal
and restoration.

                  (c) Any holding over by Tenant after the expiration or
termination of this Lease shall be treated as a daily tenancy at sufferance at a
rate equal to twice the fixed rent plus all other charges, prorated on a daily
basis, and shall otherwise be on the terms and conditions set forth in this
Lease as far as applicable. Tenant's exercise of its right to remove trade
fixtures and personal property under Section 17(b) herein shall not be
considered "holding over" for purposes of this Section 17(c).

         18.      DISCLAIMER OF WARRANTIES.

                  The Facilities are leased on an "AS IS, WHERE IS" and "WITH
ALL FAULTS" basis. Tenant acknowledges that Landlord SPECIFICALLY DISCLAIMS ALL
WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY
WARRANTY OF MERCHANTABILITY OR FITNESS FOR INTENDED OR PARTICULAR PURPOSE, ANY
WARRANTY AS TO THE DESIGN OR CONDITION OF THE PROPERTY, QUALITY OR CAPACITY OF
THE FACILITIES, OR ANY WARRANTY WITH RESPECT TO PATENT INFRINGEMENT OR THE
ABSENCE OF ANY LATENT DEFECT. In making this Lease, Tenant has not been induced
by and has not relied upon representations, warranties or statements, whether
express or implied, made by Landlord or any broker or any other person
representing or purporting to represent Landlord, except such representations,
warranties or statements which are included herein. Landlord and Tenant
acknowledge that the parties have inspected the Facilities for the purpose of
denoting the then current condition of the Facilities including but not limited
to the roof, plumbing, lighting, air-conditioning, heating, loading and personal
doors, scales and electrical services and sprinkler system.

         19.      ENVIRONMENTAL MATTERS.

                  Landlord and Tenant shall jointly perform an internal
environmental inspection and audit of the Facilities prior to the term of this
Lease to establish the current environmental condition of the Facilities.
Subject to the other parties' consent, which shall not be unreasonably withheld,
if either party desires to have a Phase II environmental assessment prepared,
then an independent environmental consultant shall be chosen and directed
mutually by both Landlord and Tenant. The scope, timing and sequence of the
Phase II assessment are to be mutually determined by Landlord and Tenant, with
the costs of the Phase II assessment to be shared equally between the parties.
All inspections and auditing activities shall not unreasonably interfere with
Landlord's operations at the Facilities.

<PAGE>

         20.      LANDLORD'S REPRESENTATIONS AND WARRANTIES

                 Landlord represents and warrants as follows to Tenant, such
representations and warranties to be true and correct on the Commencement Date,
that:

                  (a) Landlord is a corporation duly incorporated, validly
existing and in good standing under the laws of the State of Delaware, and is
registered to do business and in good standing under the laws of the State of
Ohio.

                  (b) Landlord has full power and authority, corporate and
otherwise, to execute and perform this Lease Agreement and to consummate and
perform the transactions contemplated hereby. This Lease Agreement, when
executed, will be a legal, binding and valid obligation of Landlord enforceable
against it in accordance with its terms. Execution of this Lease Agreement shall
not constitute a default of the IRB Lease. Landlord will provide Tenant with
documentation confirming that Landlord is in good standing under the IRB Lease
as of the effective date of this Lease Agreement.

                  (c) The execution, delivery and performance of this Lease
Agreement and compliance with the provisions hereof by Landlord will not
conflict with or result in the breach or violation of any term or provision of
its Certificate of Incorporation or By-laws.

                  (d) Landlord's execution, delivery and performance of this
Lease Agreement will not constitute a default under the IRB Lease, or any other
loan document.

                  (e) Landlord owns good and marketable title to the leasehold
estate described in Exhibit B free and clear of all liens and encumbrances,
except those set forth in Exhibit E.

                  (f) Landlord owns good and marketable fee title to the real
estate described in Exhibit A free and clear of all liens and encumbrances,
except those set forth in Exhibit E.

                  (g) Landlord has delivered to Tenant true and complete copies
of the following documents relating to the IRB Lease:

                  Lease between Toledo-Lucas County Port Authority and Cargill,
                  Incorporated dated April 1, 1978 and Assignment of Lease to
                  Ohio Citizens Trust Company dated April 1, 1978.

                  Supplemental Lease between Toledo-Lucas County Port Authority
                  and Cargill, Incorporated dated March 1, 1982 and Assignment
                  of Supplemental Lease to Ohio Citizens Bank dated March 1,
                  1982.

                  Second Supplemental Lease between Toledo-Lucas County Port
                  Authority and Cargill, Incorporated dated June 1, 1983 and
                  Assignment of Second Supplemental Lease to Ohio Citizens Bank
                  dated June 1, 1983.

                  Third Supplemental Lease between Toledo-Lucas County Port
                  Authority and Cargill, Incorporated dated April 1, 1992 and
                  Assignment of Third Supplemental Lease to Ohio Citizens Bank
                  dated April 1, 1992.

<PAGE>

                  Fourth Supplemental Lease between Toledo-Lucas County Port
                  Authority and Cargill, Incorporated dated May 15, 1993 and
                  Assignment of Fourth Supplemental Lease to Ohio Citizens Bank
                  dated May 15, 1993.

         21.      TENANT'S REPRESENTATIONS AND WARRANTIES.

                  Tenant represents and warrants as follows to Landlord, such
representations and warranties to be true and correct on the Commencement Date,
that:

                  (a) Tenant is a corporation duly incorporated, validly
existing and in good standing under the laws of the State of Ohio, and is
registered to do business and in good standing under the laws of the State of
Ohio.

                  (b) Tenant has full power and authority, corporate and
otherwise, to execute and perform this Lease and to consummate and perform the
transactions contemplated hereby. This Lease, when executed, will be a legal,
binding and valid obligation of Tenant enforceable against it in accordance with
its terms.

                  (c) The execution, delivery and performance of this Lease and
compliance with the provisions hereof by Tenant will not conflict with or result
in the breach or violation of any term or provision of its Certificate of
Incorporation or By-laws or any agreements or contracts to which Tenant is a
party.

                  (d) No consent or approval of any governmental agency or
commission or other public authority is necessary for the due execution,
delivery, performance or enforceability of this Lease and no consent of any
other party is required to be obtained by Tenant to permit the consummation of
the transactions contemplated hereby.

                  (e) Tenant has received from Landlord copies of the following
documents relating to the IRB Lease:

                  Lease between Toledo-Lucas County Port Authority and Cargill,
                  Incorporated dated April 1, 1978 and Assignment of Lease to
                  Ohio Citizens Trust Company dated April 1, 1978.

                  Supplemental Lease between Toledo-Lucas County Port Authority
                  and Cargill, Incorporated dated March 1, 1982 and Assignment
                  of Supplemental Lease to Ohio Citizens Bank dated March 1,
                  1982.

                  Second Supplemental Lease between Toledo-Lucas County Port
                  Authority and Cargill, Incorporated dated June 1, 1983 and
                  Assignment of Second Supplemental Lease to Ohio Citizens Bank
                  dated June 1, 1983.

                  Third Supplemental Lease between Toledo-Lucas County Port
                  Authority and
<PAGE>

                  Cargill, Incorporated dated April 1, 1992 and

                  Assignment of Third Supplemental Lease to Ohio Citizens Bank
                  dated April 1, 1992.

                  Fourth Supplemental Lease between Toledo-Lucas County Port
                  Authority and Cargill, Incorporated dated May 15, 1993 and
                  Assignment of Fourth Supplemental Lease to Ohio Citizens Bank
                  dated May 15, 1993.

                  (f) Tenant shall not do, permit or suffer any event or
omission which could cause an IRB Default.

                  All of these representations and warranties shall survive the
Commencement Date.

         22.      SUBORDINATION.

                  This Lease is expressly subject to the IRB Lease, as more
specifically enumerated in Section 5(a) hereof. It is not the intention of
Landlord and Tenant to obligate Tenant to satisfy the bonds which are the
subject of the IRB Lease.

         23.      QUIET ENJOYMENT.

                  Landlord covenants that Tenant, upon paying the rent and
performing the covenants herein, shall peaceably and quietly have, hold and
enjoy the Facilities during the term of the Lease.

         24.      ARBITRATION OF DISPUTES.

                  In the event a dispute arises under this Agreement, such
dispute shall be resolved by a board of three arbitrators, one selected by each
party, and the third selected by the two so appointed. Each party may invoke
this provision by written notice to the other party and, upon receipt of such
notice, both parties agree to proceed diligently to complete such arbitration
and to be bound by the decision of the arbitrators. Any such arbitration shall
be conducted in accordance with the Uniform Arbitration Act, and the Rules of
the American Arbitration Association shall govern. Judgment upon the award
rendered may be entered in any court having jurisdiction thereof.

         25.      NOTICES.

                  Any notice required or permitted under this Lease shall be in
writing and sent by registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

           If to Landlord:              Cargill, Incorporated
                                        15407 McGinty Road West
                                        P. O. 5602
                                        Wayzata, Minnesota 55391-2399
                                        Attn: Daniel P.  Dye
                                        With copy to: CGD Attorney

          If to Tenant:                 The Andersons, Inc.

<PAGE>

                                        480 W.  Dussel Drive
                                        P. O. Box 119
                                        Maumee, Ohio 43537
                                        Attn: Hal Reed
                                        With copy to: Beverly McBride

          If to IRB Lease Trustee       National City Bank
                                        Corporate Trust Department Locator 3116
                                        629 Euclid Avenue
                                        Cleveland, Ohio 44114-3484
                                        Attn: Holly Pattison

          If to Toledo-Lucas            Toledo-Lucas County Port Authority
          County Port                   One Maritime Plaza
          Authority                     Toledo, Ohio 43604
                                        Attn: Jerry Arkebauer

or to such other address as any of the above may hereafter furnish in writing to
the others.

         26.      MAUMEE, OHIO PARKING LEASE.

                  The parties have entered into that certain lease dated June
30, 1987 (the "Truck Staging Lease"), for the purposes of allowing Landlord to
use Tenant's land for the purpose of a truck staging area and for such other
purposes incidental thereto. The parties hereto agree that said Truck Staging
Lease shall be terminated as of the date of this Lease and Landlord shall
receive from Tenant a refund of any unearned paid rent pursuant to the terms of
the Truck Staging Lease.

         27.      MISCELLANEOUS PROVISIONS.

                  (a) Entire Agreement. This Lease and Exhibits attached hereto
contain the entire understanding and agreement of the parties hereto and shall
not be modified in any manner except by an instrument in writing executed by
both parties. In the event any term, covenant or condition herein contained is
held invalid or void by any court of competent jurisdiction, the invalidity of
any such term, covenant or condition shall in no way affect any other term,
covenant or condition herein contained. Notwithstanding the foregoing, this
Lease and Exhibits attached hereto shall be read and construed together and
consistently with the Marketing Agreement.

                  (b) Successors and Assigns. All the terms, covenants, and
conditions of this Lease shall be binding upon, and inure to the benefit of and
be enforceable by the parties hereto and their respective successors, heirs,
executors and assigns.

                  (c) Governing Law. This Lease shall be governed, construed,
and interpreted in accordance with the laws of the State of Ohio.

                  (d) Headings. The headings contained in this Lease are for
reference purposes only and shall not affect the meaning or interpretations of
this Lease.

<PAGE>

                  (e) Incorporation by Reference. Exhibits A through G attached
 hereto are hereby incorporated by reference and made a part hereof.

                  (f) Waivers and Amendments. This Lease and the other
instruments to be executed pursuant hereto may be amended, superseded, canceled,
renewed or extended, and their terms or covenants hereof may be waived, only by
a written instrument executed by the parties hereto or in the case of a waiver,
by the party waiving compliance. The failure of any party at any time or times
to require performance of any provision hereof shall in no manner affect its
right at a later time to enforce the same. No waiver by any party of the breach
of any term or covenant contained in this Lease or in any other such instrument,
whether by conduct or otherwise, in anyone or more instances, shall be deemed to
be, or construed as, a further or continuing waiver of any breach, or a waiver
of the breach of any other term or covenant contained herein. The parties
reserve the right by mutual written consent to amend, modify, supersede and
cancel this Lease, or waive the terms or conditions hereof, without the consent
of any third person (natural or otherwise).

                  (g) Cooperation. Tenant shall cooperate with Landlord, at
Landlord's expense, in the performance of any requirements under the IRB Lease
regarding the furnishing of information.

                  (h) No Third Party Beneficiary. No person or entity shall be
deemed to be a third party beneficiary of the Agreement and nothing expressed or
implied in this Agreement shall be deemed to confer upon any person or entity or
any heir, successor, assign or legal representative thereof any rights or
remedies, of any nature or kind whatsoever, including without limitation, any
right to contract or any right to employment or continued employment.

         IN WITNESS WHEREOF, the parties have executed this Lease Agreement
effective on the day and year first above written.

                                      CARGILL, INCORPORATED

                                      By:   /s/Daniel P. Dye
                                            ------------------------------------

                                      Its:  Vice President - Grain Division
                                            ------------------------------------

                                      THE ANDERSONS, INC.

                                      By    /s/Joseph L. Braker
                                            ------------------------------------

                                      Its:  President, Agriculture Group
                                            ------------------------------------

<PAGE>

                                    EXHIBIT A

                Legal Description of the Maumee. OH Real Property

                                    PARCEL I

That part of Fractional Section 36, Town 2, U. S. R. of 12 miles square at the
foot of the rapids of Miami of Lake Erie in the City of Maumee, Lucas County,
Ohio, described as follows: BEGINNING at a point on the center line of Conant
Street, said point being 1900 feet northwesterly of a concrete monument at the
intersection of the center line of Indiana Avenue approaching Conant Street from
the northeast and the center line of Conant Street; thence north 22 degrees, 30
minutes west along the center line of Conant Street, a distance of 590.82 feet
to a point; thence south 67 degrees 30 minutes west, a distance of 293.76 feet
to a point; thence north 22 degrees, 26 minutes west, a distance of 403.36 feet
to a point; thence south 67 degrees, 34 minutes west, a distance of 32.5 feet to
a point; thence south 22 degrees 17 minutes east, a distance of 454.5 feet to a
point; thence south 67 degrees, 59 minutes west, a distance of 24 feet to a
point; thence south 22 degrees, 28 minutes east, a distance of 118.16 feet to a
point; thence south 67 degrees, 32 minutes west, a distance of 36 feet to a
point; thence south 22 degrees, 28 minutes east, a distance of 417.8 feet to a
point; thence north 67 degrees, 32 minutes east, a distance of 11.52 feet to a
point; thence south 22 degrees, 13 minutes east, a distance of 358.7 feet to a
point; thence north 67 degrees, 42 minutes east, a distance of 176.46 feet to a
point; thence north 22 degrees, 35 minutes west, a distance of 354.98 feet to a
point; thence north 67 degrees, 25 minutes east, a distance of 202.27 feet to
the point of beginning. Also that part of said Section 36 lying between the
southerly line of the above described property and a line 30 feet westerly of
the most westerly rail of spur tracks serving the above property and a line 30
feet easterly of the most easterly rail of said tracks and extending to the
Wabash Railroad right-of-way.

         PARCEL II

That part of Fractional Section thirty-six (36), Town two (2), United States
Reserve, of twelve (12) miles square at the foot of the rapids of Miami of Lake
Erie in the City of Maumee, Lucas County, Ohio; described as follows:

             Starting at a concrete monument at the intersection of the center
line of Conant Street and the center line of Indiana Avenue approaching from the
northeast; thence north twenty-two degrees (22 degrees) thirty minutes (30')
west along the center line of Conant Street a distance of nineteen hundred and
no tenths (1900.0) feet; thence south sixty-seven degrees (67 degrees)
twenty-five minutes (25') west a distance of one hundred two and twenty-seven
hundredths (102.27) feet to the point of beginning of the herein described
parcel; thence continuing south sixty-seven degrees (67 degrees) twenty-five
minutes (25') west a distance of one hundred and no tenths (100.0) feet; thence
south twenty-two degrees (22 degrees) thirty-five minutes (35') east a distance
of three hundred fifty-four and ninety-eight hundredths (354.98) feet; thence
north sixty-seven degrees (67 degrees) forty-two minutes (42') east a distance
of one hundred and no tenths (100.0) feet; thence north twenty-two degrees (22
degrees) thirty-five minutes (35') west a distance of three hundred fifty-five
and forty-eight hundredths (355.48) feet to the point of beginning.

         PARCEL III

That part of Fractional Section thirty-six (36), Town Two (2), United States
Reserve of twelve miles square at the foot of the rapids of Miami of Lake Erie
in the City of Maumee, Lucas County, Ohio; described as follows:

             Starting at a concrete monument at the intersection of the center
line of Conant Street and the center line of Indiana Avenue approaching from the
northeast; thence north twenty-two degrees (22 degrees) thirty minutes (30')
west along the center line of Conant Street a distance of fifteen hundred
forty-four and two hundredths (1544.02) feet; thence south sixty-seven degrees
(67 degrees) forty-two minutes (42') west a distance of three hundred
seventy-eight and twenty-two

<PAGE>

hundredths (378.22) feet to the point of beginning of the herein described
parcel; thence north twenty-two degrees (22 degrees) thirteen minutes (13') west
a distance of three hundred fifty-eight and seven tenths (358.7) feet; thence
south sixty-seven degrees (67 degrees) thirty-two minutes (32') west a distance
of eleven and fifty-two hundredths (11.52) feet; thence north twenty-two degrees
(22 degrees) twenty-eight minutes (28') west a distance of four hundred
seventeen and eight tenths (417.8) feet; thence north sixty-seven degrees (67
degrees) thirty-two minutes (32') east a distance of thirty-six and no tenths
(36.0) feet; thence north twenty-two degrees (22 degrees) twenty-eight minutes
(28') west a distance of one hundred eighteen and sixteen hundredths (118.16)
feet; thence south sixty-seven degrees (67 degrees) fifty-nine minutes (59')
west a distance of one hundred ninety-seven and no tenths (197.0) feet; thence
south twenty-two degrees (22 degrees) twenty-eight minutes (28') east a distance
of eight hundred ninety-four and sixteen hundredths (894.16) feet; thence north
sixty-seven degrees (67(Degree)) forty-two minutes (42') east a distance of one
hundred seventy and ninety-six hundredths (170.96) feet to the point of
beginning.

         PARCEL IV

The northerly 40 feet of the following described property:

         That part of Fractional Section 36, Town 2 of the United States Reserve
of 12 miles square at the foot of the Rapids of the Miami of Lake Erie, in the
CITY of MAUMEE, LUCAS COUNTY, OHIO, bounded and described as follows:

          Beginning at a point on the centerline of Conant Street that is
1353.58 feet southeasterly from a brass plate set in a concrete monument at the
intersection of the centerline of the Perrysburg-Holland Road and said Conant
Street, said brass plate being 1081.83 feet southeasterly of the intersection of
the centerline of Reynolds Road with the centerline of the Perrysburg-Holland
Road; thence south 22 degrees 30 minutes east along the centerline of said
Conant Street a distance of 200.0 feet; thence south 67 degrees 30 minutes west
a distance of 293.49 feet; thence north 22 degrees 26 minutes west a distance of
169.16 feet; thence south 67 degrees 34 minutes west a distance of 26.55 feet;
thence north 22 degrees 30 minutes west and parallel with the centerline of said
Conant Street a distance of 37.84 feet; thence north 67 degrees 30 minutes east
a distance of 30.0 feet; thence south 22 degrees 30 minutes east and parallel
with the centerline of said Conant Street a distance of 7.0 feet; thence north
67 degrees 30 minutes east a distance of 290.0 feet to the place of beginning.
Subject to a perpetual easement for highway purposes granted to the State of
Ohio by instrument recorded in Volume 1863 of Deeds, page 609.

Subject to a perpetual easement and right of way for public highway and roadway
purposes to the State of Ohio of the following described property:

Being a parcel of land lying on the Right side of the centerline of a survey,
made by the Department of Highways, and recorded in Book ___, Page ____, of the
records of Lucas County and being located within the following described points
in the boundary thereof; All that part of lots 41, 42 and 43 of the Assessor's
Plat (as recorded in Volume 2A of Plats, Page 46) of fractional Section 36, Town
2, U.S. Reserve, City of Maumee, Lucas County, Ohio, bounded and described as
follows:

Commencing at the point of intersection of the centerline of Conant Street with
the east and west centerline of fractional Section 36, Town 2, U.S. Reserve,
City of Maumee, Lucas County, Ohio, said east and west centerline of fractional
Section 36 also being the South line of lot 43 of the said Assessor's Plat, said
point of intersection being Station 960 plus 07.09 in the centerline of a survey
made in 1962, by the Ohio Department of Highways of U.S. 20, Section 17.25 in
Lucas County, also known as Conant Street, thence North 25(Degree) 11' 15": West
along the centerline of Conant Street, a distance of 740.36 feet to the grantors
northwest property line, said point being Station 952 plus 66.73 in said
centerline of survey of U.S. 20 and being the true point of beginning of the
herein described parcel; thence South 25(Degree) 11' 15" East along the
centerline of Conant Street, a distance of 590.68 feet to a point on grantors
southeast property line, said point being Station 958 plus 57.41 in said
centerline of survey of U.S. 20; thence South 64(Degree) 43' 45" West along said
property line and passing through the existing southwest Right-of-Way line of
Conant Street, a distance of 45.00 feet to a point 45.00 feet right of Station
958 plus 57.48 in said centerline

<PAGE>

of survey of U.S. 20; thence North 25(Degree) 11' 15" West a distance of 590.75
feet to a point on the grantors northwest property line, said point being 45.00
feet right of Station 952 plus 66.73 in said center line of survey of U.S. 20;
thence North 64(Degree) 48' 45" East along said property line and passing
through the existing southwest Right-of-Way line of Conant Street, a distance of
45.00 feet to the true point of beginning.

<PAGE>

                                    EXHIBIT B

                Legal Description of the Toledo. OH Real Property

                     That part of River Tract No.7, and its extension, and part
of the Lower Island (so called) in the Maumee River
(also known as Grassy Point, Baldwin's Point and Middle Ground ), in Town 3,
United States Reserve, CITY OF TOLEDO, LUCAS COUNTY, OHIO, bounded and described
as follows, bearings being based on and derived from those on the maps of Toledo
Harbor, Ohio Established Harbor Lines by the U.S. Corps of Engineers:

                           Commencing at the intersection of the centerline of
                                    Sumner Street with the North line of said
                                    River Tract No.7 extended (also the
                                    centerline of original South Avenue); then
                                    South 89 degrees 48 minutes 27 seconds East
                                    1099.41 feet, on said north line of River
                                    Tract No.7, and its extension, to the point
                                    of beginning at an intersection with a line
                                    that is parallel to and a perpendicular
                                    distance of 80.00 feet southeastward from
                                    the southeasterly line of the Norfolk and
                                    Western Railroad right-of-way; then
                                    continuing South 89 degrees 48 minutes 27
                                    seconds East 306.66 feet on said river tract
                                    line, which line along said 306.66 feet
                                    thereof is also the southerly line of Edwin
                                    Drive, a public street; then South 9 degrees
                                    44 minutes 08 seconds East 1206.71 feet to
                                    intersect the northerly harbor line of the
                                    Maumee River as established by the U.S.
                                    Corps of Engineers and approved by the
                                    Assistant Secretary of War on April 17,
                                    1917, said intersection being South 80
                                    degrees 15 minutes 52 seconds West 1047.40
                                    feet, along said harbor line, from Harbor
                                    Line Point F-2; then South 80 degrees 15
                                    minutes 52 seconds West 868.12 feet, on said
                                    harbor line, to the east limited-access
                                    right-of-way line of Interstate Route 75;
                                    then North 0 degrees 35 minutes 56 seconds
                                    West 1131.94 feet, on said Limited Access
                                    Right-of-Way line, to intersect said line
                                    that is parallel to and a perpendicular
                                    distance of 80.00 feet southeastward from
                                    the southeasterly line of the Norfolk and
                                    Western Railroad Right-of-way; then North 60
                                    degrees 04 minutes 59 seconds East 411.59
                                    feet, parallel to said railroad
                                    right-of-way, to the point of beginning;
                                    containing 21.398 acres of land, more or
                                    less.

<PAGE>

                                    EXHIBIT C

                            TOLEDO RAILROAD PROPERTY

<PAGE>

                                    EXHIBIT D

                            PERSONAL PROPERTY

         Maumee Personal Property

Five Thousand Three Hundred Ninety (5,390) feet of track, being the portions of
Track Nos. 3706, 3707, 4101 and 4105, on Plan No. D-1277, dated Revised February
18, 1983, excluding the crossing diamonds located at Station 3+29 on Track No.
5713 and Station r+66 on Track No. 5713. (A copy is attached hereto as Exhibit
D-1).

         Maumee IRB Personal Property

a.       130 foot diameter steel grain storage tank with 72 foot straight
sidewall height and a capacity of 877,000 bushels. The 1983 Addition is
designated tank #603 and is located between tanks #601 and #602.

b.       36 inch enclosed belt drawoff conveyor from #603 that feeds the #601
drawoff conveyor.

c.       42 inch enclosed belt feed conveyor into #603 that is fed from the#602
feed conveyor.

d.       Various other structures and machinery and electrical systems
pertaining to tank #603.

         Toledo Personal Property

7,299 feet of track shown in yellow in print dated March 15, 1979. (A copy is
attached hereto as Exhibit D-2.)

<PAGE>

                                            EXHIBIT D-2

                  Toledo Personal Property

<PAGE>

                                    EXHIBIT E

                              Permitted Exceptions

MAUMEE PERMITTED EXCEPTIONS

         PARCEL I

1.       Legal highways

2.       Taxes now due and payable or hereafter to become due and payable

3.       Zoning ordinances, restrictions of record and public utility or other
         easements now in use or of record.

         PARCEL II

         PARCEL III

Zoning ordinances, restrictions of record and public utilities or other
easements now in use or of record, and the rights of the Wabash Railroad Company
under Agreements set forth in the deed recorded in Volume 1430 of Deeds, page
125.

         PARCEL IV

Subject to legal highways.

1.       Restrictions contained in deed from The Andersons, dated September 1,
         1961 and recorded on Volume 1796 of Deeds, page 1.

2.       Excepting and reserving to Mary B. Stengle, the grantor, her heirs,
         assigns, tenants, licensees, employees, visitors and all persons for
         the benefit or advantage of grantor, her heirs, assigns, tenants,
         licensees, employees, visitors a RIGHT OF WAY over, across and upon
         said premises forever.

3.       Zoning ordinances, other restrictions of record, public utility or
         other easements of record, and taxes and assessments due and payable
         after the date hereof.

GENERAL:

1.       Siding Agreement dated August 15, 1996 between Norfolk and Western
         Railway Company and Cargill, Incorporated.

2.       License dated January 1, 1958 between Cargill, Incorporated and Wabash
         Railroad Company.

         TOLEDO PERMITTED EXCEPTIONS

A.       Excepting and reserving unto Kuhlman Corporation ("Grantor"), and
its successors and assigns, a non-exclusive easement over the following
described property:

<PAGE>

That part of River Tract No.7, and its extension, and part of the Lower Island
(so called) in the Maumee River (also known as Grassy Point, Baldwin's Point and
Middle Ground), in Town 3, United States Reserve, City of Toledo, Lucas County,
Ohio, bounded and described as follows, bearings being based on and derived from
those on the maps of Toledo Harbor, Ohio Established Harbor lines by the U.S.
Corps of Engineers;

Commencing at the intersection of the centerline of Sumner Street with the North
line of said River Tract No.7 (also the centerline of original South Avenue);
then South 89 degrees 48' 27" East 1141.07 feet, on said north line of River
Tract No.7, and its extension, to the Point of Beginning; then continuing South
89 degrees 48' 27" East 265.00 feet, on said River Tract line; then South 9
degrees 44' 08" East 22.33 feet to a line that is parallel to and a
perpendicular distance of 22.00 feet southward from said River Tract line; then
North 89 degrees 48' 27" West 203.85 feet, parallel to said River Tract line;
then North 71 degrees 06' 31" West 68.62 feet to the Point of Beginning;
containing 0.118 acres of land, more or less.

The easement herein reserved is subject to the following terms and conditions:

   1. The foregoing easement shall be used by the Grantor and Cargill,
Incorporated ("Grantee"), their respective successors and assigns, agents,
servants, employees, tenants, visitors, licensees, invitees, and all other
persons for the benefit of the Grantor, the Grantee and their respective
successors and assigns, to freely pass and repass on foot or in vehicles of any
kind and description or with animals to and from the adjoining lands owned by
the Grantor and Grantee and public streets and right-of-ways.

   2. Neither the Grantor nor the Grantee, nor their respective successors and
assigns, will park objects or vehicles upon said easement or otherwise obstruct
or block the same.

   3. The Grantor may maintain the existing railroad sidetrack on said easement.
So long as said sidetrack is used for the exclusive benefit of the Grantor, the
cost of the maintenance thereof shall be the sole responsibility of the Grantor,
its successors and assigns. The Grantee and its successors and assigns shall,
however, have the right and privilege of building spur or sidetracks extending
from the sidetrack to the land of the Grantee. From and after the time that the
Grantee or its successors or assigns use said sidetrack, the Grantor, the
Grantee and their respective successors and assigns shall each thereafter pay
their equitable portions of the costs of the maintenance thereof.

   4. No one using said sidetrack will permit cars to be moved or stand on the
sidetrack in such manner or for such periods of time that they will unreasonably
interfere with the free use of the tracks by the others entitled to use the
same.

5. The easement reserved shall inure to the benefit of and be binding upon the
parties, their successors and assigns, and all others hereafter acquiring any
interest or ownership in or right to use the lands of the Grantor served by such
easement and the land conveyed to the Grantee.

B. Agreement dated May 1, 1979 between Norfolk and Western Railway Company and
Cargill for driveway and occupation of Lessee's sidetrack.

C. Siding Agreement dated January 2, 1980 between Norfolk and Western Railway
Company, Wabash Railroad Company and Cargill, Inc. for the use, operation and
maintenance of five side tracts.

D. Private Side Track Agreement dated December 26, 1961 between The New York
Central Railroad Company and Cargill, Incorporated, as supplemented by that
certain Supplemental Side Track Agreement dated April 11, 1963.

<PAGE>

                                    EXHIBIT F

                               Railroad Agreements

         Maumee Railroad Agreements

1. Siding Agreement dated August 15, 1996 between Norfolk and Western Railway
Company and Cargill, Incorporated.

2. License dated January 1, 1958 between Cargill, Incorporated and Wabash
Railroad Company.

         Toledo Railroad Agreements

1. Agreement dated May 1, 1979 between Norfolk and Western Railway Company and
Cargill for driveway and occupation of Lessee's sidetrack.

2. Siding Agreement dated January 2, 1980 between Norfolk and Western Railway
Company, Wabash Railroad Company and Cargill, Inc. for the use, operation and
maintenance of five side tracts.

3. Private Side Track Agreement dated December 26, 1961 between The New York
Central Railroad Company and Cargill, Incorporated, as supplemented by that
certain Supplemental Side Track Agreement dated April 11, 1963 between The New
York Central Railroad Company and Cargill, Incorporated.

<PAGE>

                                    EXHIBIT G

                             RAILROAD LEASE - TOLEDO

1. Agreement dated May 1, 1979 between Norfolk and Western Railway Company and
Cargill for driveway and occupation of Lessee's sidetrack.<PAGE>
                                                                    EXHIBIT 10.6

                    AMENDED AND RESTATED MARKETING AGREEMENT

        THIS AGREEMENT, is made and entered into effective as of June 1, 2003 by
and between CARGILL, INCORPORATED, a Delaware corporation with principal offices
and place of business at 15407 McGinty Road West, Wayzata, Minnesota 55391
("Cargill"), THE ANDERSONS, INC., an Ohio corporation with principal offices and
place of business at 480 W. Dussel Drive, P.O. Box 119, Maumee, Ohio 43537
("TAI") and The Andersons Agriculture Group, L.P., an Ohio limited partnership
with principal offices and place of business at 480 W. Dussel Drive, Maumee,
Ohio 43537 ("TAAG," or "TAI" with respect to all time periods after May 1, 2000)
..

        WHEREAS, Cargill and TAI entered into that certain Marketing Agreement
dated June 1, 1998;

        WHEREAS, the Marketing Agreement was assigned by TAI to TAAG, without
releasing TAI of its rights, obligations and responsibilities, and to which
Cargill gave its consent, effective as of May 1, 2000;

        WHEREAS, the Initial Term of the Marketing Agreement has transpired, and
the parties wish to extend such Marketing Agreement for another five (5) year
term with certain amendments to apply to such subsequent term, and any future
subsequent terms, if any, as set forth in this Amended and Restated Marketing
Agreement;

        WHEREAS, Cargill has leased its two grain handling facilities located in
Toledo and Maumee, Ohio (the "Leased Facilities") to TAI by lease agreement
dated June 1, 1998, and extended by Letter Agreement dated May 30, 2003 and by
electronic mail dated July 2, 2003 (the "Lease Agreement");

        WHEREAS, TAI intends to use TAI's existing two grain handling facilities
at Toledo and Maumee, Ohio (the "TAI Facilities") and the Leased Facilities
(collectively, the "Facilities") for the primary purpose of originating grain in
the Toledo and Maumee, Ohio area (the "Toledo Grain"); and

        WHEREAS, TAI intends to sell the Toledo Grain to Cargill, and Cargill
intends to purchase from TAI and merchandise the Toledo Grain;

        NOW, THEREFORE, in consideration of the foregoing and the mutual terms
and conditions hereinafter set forth, Cargill and TAI mutually agree as follows:

                                    ARTICLE I
                              TERM AND TERMINATION

        1.1 TERM. The initial term of this Agreement shall commence on June 1,
1998 (the "Effective Date") and shall continue through May 31, 2003 (the
"Initial Term"), subject to the termination provisions below. The second term of
this Agreement shall commence on June 1, 2003, and shall continue through May
31, 2008 (the "Second Term"), subject to the termination provisions below. This
Agreement shall automatically renew for consecutive five (5) year periods unless
either party provides notice to the other party at least six (6) months prior to
the expiration of the then current term of such party's intent to terminate or
modify this Agreement. If a party provides such notice of its intent to modify
the Agreement for purposes of renewal, and the other party has not provided
notice of termination pursuant to this Section 1.1, then the parties shall
negotiate in good faith a renewal of this Agreement. In the event that the
parties are unable to negotiate a mutually agreeable renewal prior to the
expiration of

<PAGE>

the Initial Term, Second Term or the then current term, as applicable, this
Agreement shall terminate without further notice at the expiration of such term.

    1.2 TERMINATION.

        (a) If the Lease Agreement is terminated for any reason, the Initial
Term, Second Term or the then current term of this Agreement, as applicable,
shall automatically terminate without notice. The Lease Agreement, which is
incorporated herein by this reference, is attached hereto as Exhibit A.

        (b) Either party may terminate this Agreement prior to the expiration
of the Initial Term, Second Term or renewal term, if any, following any
material breach of this Agreement by the other party if the breaching party
fails to remedy such breach within thirty (30) days after receiving from the
non-breaching party written notice of the breach specifying the basis on which
such breach is claimed.

        (c) This Agreement shall terminate upon written notice by either party
to the other in the event that the notified party shall file a voluntary
petition in bankruptcy, or shall be adjudicated as a bankrupt pursuant to an
involuntary petition, or shall suffer appointment of a temporary or permanent
receiver, custodian, or trustee for its business or for all or substantially
all of its assets, or shall make an assignment for the benefit of creditors.

        (d) In the event that one or more third parties purchases TAI's stock
in an amount sufficient to significantly affect or change control of TAI, or
one or more third parties takes any action that does significantly affect the
control of TAI, Cargill may in its sole discretion either continue or terminate
this Agreement. For purposes of this Agreement, "control" shall mean (a) the
direct or indirect ownership of more than fifty percent (50%) of the total
voting securities of every class or other voting evidences of ownership
interest of TAI, or (b) the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of TAI. If Cargill
elects to terminate this Agreement under this provision, Cargill must provide
written notice to TAI of its election to terminate not more than fifteen (15)
days after public announcement or after TAI has provided written notice to
Cargill of any public filing with the Securities Exchange Commission. TAI shall
have no right to terminate this Agreement under this Section 1.2 (d) herein.

        (e) Termination of this Agreement shall not affect any obligation of
either party accrued prior to the effective date of such termination.

    1.3 CONTINUING OBLIGATIONS. Upon the expiration or termination of this
Agreement, for a period of two (2) years from the date of such expiration or
termination, Cargill shall have both a right of first refusal and a right of
last refusal to purchase from TAI at a mutually agreed market price, 50% of the
grain put through the TAI Facilities for the first year of the two year period,
and 25% of the grain put through the TAI Facilities for the second year of the
two year period; provided, however, that this provision shall not apply to grain
sold to those customers with whom TAI maintains direct trading relationships
during the term of this Agreement. If the parties cannot mutually agree to the
market price, the market price shall be determined by an independent third
party, mutually agreeable to both parties.

                                   ARTICLE II
                       GRAIN ORIGINATION AND MERCHANDISING

    2.1 OBLIGATION OF BOTH PARTIES. Both parties have the obligation to maximize
net income of the Facilities. As a means to this, Cargill will maintain control
of the grain merchandising function, while TAI will maintain control of the
grain origination and facility operation functions. Communications between the
parties regarding such obligation of both parties shall be conducted in
accordance with the Guidelines as defined in Section 8.1 herein.

<PAGE>

    2.2 ORIGINATION. TAI shall use its best efforts throughout the duration of
the Initial Term, Second Term, and all subsequent renewal terms, if any, to
maximize origination of the Toledo Grain. TAI shall use the Facilities for the
primary purpose of originating the Toledo Grain. Any other intended use by TAI
of the Facilities to generate income shall be promptly communicated to Cargill
and shall be subject to Cargill's approval, which shall not be unreasonably
withheld. For purposes of this Section 2.2, it shall not be unreasonable for
Cargill to withhold approval if TAI's intended use may cause a default in the
IRB Lease as defined in the Lease Agreement. TAI shall have sole discretion to
establish the price at which TAI purchases the Toledo Grain in connection with
TAI's origination activities.

    2.3 SALE/PURCHASE OF THE TOLEDO GRAIN. Subject to the terms and conditions
set forth in this Agreement, TAI agrees to sell to Cargill and Cargill agrees to
purchase from TAI the Toledo Grain for the duration of the Initial Term and all
subsequent renewal terms, if any. Cargill shall have sole discretion to
determine when Cargill shall purchase and at what price Cargill shall purchase
the Toledo Grain from TAI. These decisions shall be made with full consideration
of origination, logistic and grain quality factors as represented in good faith
by TAI. During the term of this Agreement, TAI will not sell the Toledo Grain to
any person or entity other than Cargill pursuant to the terms of this Agreement.
Cargill and TAI shall execute Cargill's standard purchase contract ("Purchase
Contract") to effectuate each respective sale of the Toledo Grain. The terms and
conditions on the front and back sides of the Purchase Contract shall govern the
transaction to the extent that such terms and conditions do not conflict with
the terms of this Agreement in which case this Agreement shall govern. A copy of
the Purchase Contract is attached hereto as Exhibit B.

    2.4 TOLEDO GRAIN EXCEPTIONS. TAI will remain fully active in the NS rail
markets as such markets relate to facilities other than the Facilities which are
the subject of this Agreement, and no NS rail sales will be offered by TAI for
the Toledo Grain. Should an opportunity arise wherein TAI desires to purchase
certain amounts of Toledo Grain, TAI may contact Cargill's merchandising contact
for this Agreement with a bid. Further, TAI may direct trading relationships
with certain customers as mutually agreed by the parties.

    2.5 GRAIN MERCHANDISING. Cargill shall use its best efforts throughout the
duration of the Initial Term, Second Term, and all subsequent renewal terms, if
any, to promote the sale of and to merchandise the Toledo Grain. Except as
otherwise provided herein, Cargill shall have sole authority to merchandise the
Toledo Grain into both export and domestic markets, and accordingly TAI shall
not communicate with any of Cargill's customers regarding the sale of the Toledo
Grain except as provided herein, or as mutually agreed by the parties.

                                   ARTICLE III
                                 OPEN CONTRACTS

    3.1 Cargill agrees to assign, deliver, and transfer to TAI on the Effective
Date, and TAI agrees to accept from Cargill, on the Effective Date, all right,
title, and interest of Cargill in and to all executory contracts for the
purchase of grain (the "Open Contracts") by Cargill from various sellers, which
Open Contracts are in existence on the Effective Date. TAI shall purchase the
Open Contracts at the TAI truck bid on the Effective Date. If the parties cannot
mutually agree to the TAI truck bid, the price shall be determined by an
independent third party, mutually agreeable to both parties. Cargill shall
indemnify and hold harmless TAI against all claims, damages, liabilities, costs,
suits, obligations or penalties (including attorneys' fees) arising from
Cargill's breach of or negligent administration or handling of any open
hedge-to-arrive grain contracts which are assigned from Cargill to TAI ("HTA
Contracts"), or arising from any questions of legality of such HTA Contracts to
the extent that such questions of legality do not arise from TAI's breach of or
negligent administration or handling of the HTA Contracts. TAI shall indemnify
and hold harmless Cargill against all claims, damages, liabilities,

<PAGE>

costs, suits, obligations, or penalties (including attorneys' fees) arising from
TAI's breach of or negligent administration or handling of the HTA Contracts.

                                   ARTICLE IV
                        DISPOSITION OF THIRD PARTY GRAIN

    4.1 ASSIGNMENT. On the Effective Date, Cargill anticipates having in storage
at the Leased Facilities certain quantities of grain belonging to third parties
(the "Cargill Third Party Grain"). The Cargill Third Party Grain is stored in
the Leased Facilities under warehouse receipts, storage receipts or scale
tickets ("Cargill Receipt Obligations"). On the Effective Date, Cargill shall
assign to TAI the Cargill Receipt Obligations and warrants that sufficient
quantity and quality of grain will remain in the Leased Facilities over and
above the Cargill Inventory (as defined in Section 5.1 herein) on the Effective
Date to satisfy the Cargill Receipt Obligations.

    4.2 PRORATION. Cargill and TAI agree that storage charges due under the
Cargill Receipt Obligations shall be apportioned between them, Cargill to
receive all storage charges accrued up to the Effective Date, TAI to receive all
charges accruing thereafter, which charges shall be included on the P&L as
defined in Section 6.3 herein. Any prepaid storage or other charges shall be
prorated between Cargill and TAI as of the Effective Date. If TAI should receive
payment for storage charges to which Cargill is entitled, TAI shall promptly
forward such amounts to Cargill. Should it be necessary for either party to
execute an assignment to the other to collect such charges, it shall do so.

    4.3 TAI THIRD PARTY GRAIN. On the Effective Date, TAI anticipates having in
storage at the TAI Facilities certain quantities of grain belonging to third
parties (the "TAI Third Party Grain"). The TAI Third Party Grain is stored in
the TAI Facilities under warehouse receipts, storage receipts or scale tickets
("TAI Receipt Obligations"). All storage charges due under the TAI Receipt
Obligations accrued on or after the Effective Date shall be included in the P&L.
Any prepaid storage or other charges shall be prorated accordingly as of the
Effective Date.

                                    ARTICLE V
                                    INVENTORY

    5.1 LEASED FACILITIES. On the Effective Date, Cargill will have in storage
at the Leased Facilities inventories of grain (the "Cargill Inventory"). TAI
will purchase the Cargill Inventory at the FOB Toledo value less * on the
Effective Date (the "Inventory Price"). Prior to or on the Effective Date,
representatives of Cargill and TAI shall determine by weigh-up/measurement the
quantity and quality of the Cargill Inventory (and thereby the Cargill Third
Party Grain). Quality of grain will be at market scale of discount. The cost of
said weigh-up/measurement and grading shall be borne equally by Cargill and TAI.
Should the representatives of Cargill and TAI be unable to agree on the quantity
or quality of the Cargill Inventory or any portion thereof or the Third Party
Grain, the matter shall be resolved in accordance with Article XIV of this
Agreement. If the parties cannot mutually agree to the FOB Toledo value less *
such value shall be determined by an independent third party, mutually agreeable
to both parties.

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

    5.2 TAI FACILITIES. On the Effective Date, TAI will have in storage at the
TAI Facilities inventories of grain (the "TAI Inventory"). The parties shall
mutually agree to a FOB Toledo value less * of the TAI Inventory as of the
Effective Date, which amount shall be included on the P&L as defined in Section
6.3 herein. Prior to or on the Effective Date, representatives of Cargill and
TAI shall determine by weigh-up/measurement the quantity and quality of the TAI
Inventory. Quality of grain will be at market scale of discount. The cost of
said weigh-up/measurement and grading shall be borne equally by Cargill and TAI,
of which TAI's respective cost shall not be included on the P&L. Should the
representatives of Cargill and TAI be unable to agree on the quantity or quality
of the TAI Inventory or any portion thereof, the matter shall be resolved in
accordance with Article XIV of this Agreement. If the parties cannot mutually
agree to the FOB Toledo value less * , such value shall be determined by an
independent third party, mutually agreeable to both parties .

                                   ARTICLE VI
                                FINANCIAL MATTERS

    6.1 EARNINGS THRESHOLD. -

        (a) INITIAL TERM. With respect to the Initial Term, the parties hereby
establish a five-year cumulative earnings before long-term interest and income
tax ("EBIT") threshold of * * ( * ) (the "Threshold"). In the event that the
actual five-year cumulative EBIT of the Facilities is greater than the
Threshold, the amount over the Threshold shall be distributed equally between
the parties. If the actual five-year cumulative EBIT is below the Threshold,
Cargill shall pay TAI the difference between the Threshold and the actual
five-year cumulative EBIT, less all absorbed losses as described herein. TAI
shall absorb fifty percent (50%) of each individual year's loss where the EBIT
for the individual year is less than zero. In no event shall the sum of TAI's
absorbed losses exceed the total actual five-year cumulative EBIT shortfall
from the Threshold. If this Agreement is terminated before the expiration of
the Initial Term, or before the expiration of the then current term, the
Threshold shall be adjusted on a prorated basis. By way of example, if this
Agreement is terminated 3 years 3 months into the Initial Term, the Threshold
would be adjusted from * to * .

        (b) SECOND TERM. With respect to the Second Term, and any subsequent
renewal terms, except as otherwise agreed in writing by the parties, the
parties hereby establish a five-year cumulative EBIT threshold of * ( * ) (the
"Second Term Threshold"). In the event that the actual five-year cumulative
EBIT of the Facilities is greater than the Second Term Threshold, the amount
over the Second Term Threshold shall be distributed equally between the
parties. Unlike Section 6.1(a) above, Cargill shall not be obligated to pay TAI
any difference between the Second Term Threshold and the actual five-year
cumulative EBIT If the actual five-year cumulative EBIT is below the Second
Term Threshold; provided, however, that at the end of the Second Term, Cargill
will pay TAI 50% of any shortfall between the five-year cumulative EBIT and * ,
if any, up to a total of * ; by way of example, if the cumulative EBIT at the
end of the Second Term is * , and consequently there is a * shortfall ( * minus
* ), Cargill would pay 50% of the * shortfall up to a total of * , which would
be * in this example. If this Agreement is terminated before the expiration of
the Second Term, or before the expiration of the then current term, the Second
Term Threshold shall be adjusted on a prorated basis. By way of example, if
this Agreement is terminated 3 years 3 months into the Second Term, the Second
Term Threshold would be adjusted from * to * .

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

    6.2 SETTLEMENT. In order to reconcile the distributions to which each party
is entitled pursuant to Section 6.1 herein, the parties shall conduct interim
tentative settlements on an annual basis as of May 31. Such settlements shall be
based on interim annual thresholds of (a) * , * , * , * , and * for years one
through five of this Agreement (i.e., the Initial Term), respectively, and (b) *
, * , * , * , and * for years six through ten of this Agreement (i.e., the
Second Term), respectively. Annual settlement payments shall be treated as a
purchase price adjustment to all grain sold and purchased pursuant to Section
2.3 of this Agreement.

    By way of example, settlement would occur in the following manner:

    Example One (applying the provisions of 6.1(a) relating to the Initial Term)

    YEAR ONE: P&L states a profit of * . The interim threshold for year one is *
.. The parties split equally the excess over the interim threshold, which excess
is * in this example; therefore, TAI pays Cargill * . Accordingly, at end of
year one, TAI's account is * , and Cargill's account is * .

    YEAR TWO: P&L states a loss of * . The interim threshold for year two is * .
Because of the * loss, TAI's account is at * , and consequently requires an
additional * * to match the interim threshold. However, because TAI and Cargill
absorb the * loss on an equal basis, Cargill pays TAI * . Accordingly, at end of
year two, TAI's account is * , and Cargill's account is negative * .

    YEAR THREE: P&L states a profit of * . The interim threshold for year three
is $ * * . TAI's account is now at * , while Cargill's account is at negative *
.. In order to reconcile the accounts to the interim threshold, TAI pays Cargill
* . Accordingly, at end of year three, TAI's account is * , and Cargill's
account is * .

    YEAR FOUR: P&L states a loss of * . The interim threshold is * . Because of
the * * loss, TAI's account is now at * , and consequently requires an
additional * to match the interim threshold. However, because TAI and Cargill
absorb the cumulative losses on an equal basis, Cargill pays TAI * ( * ) less *
in cumulative losses). Accordingly, at end of year four, TAI's account is * ,
and Cargill's account is negative * .

    YEAR FIVE: P&L states a profit of * . The final threshold is * . TAI's
account is now at * , while Cargill's account is at negative * . In order to
reconcile the accounts to the final threshold, TAI pays Cargill * . Accordingly,
at end of year five, TAI's account is * , and Cargill's account is negative * .

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

    Example Two (applying the provisions of 6.1(a) relating to the Initial Term)

(All dollar figures are in millions)

<TABLE>
<CAPTION>
YEAR                ACTUAL             INTERMIN           PAYMENT            CARGILL            TAI
----                EARNINGS           THRESHOLD          TO/(FROM)          CUMULATIVE         CUMULATIVE
                    --------           ---------          CARGILL            ACCOUNT            ACCOUNT
                                                          -------            -------            -------

<S>                        <C>                <C>                <C>                <C>               <C>
1                           *                  *                  *                  *                  *
2                           *                  *                  *                  *                  *
3                           *                  *                  *                  *                  *
4                           *                  *                  *                  *                  *
5                           *                  *                  *                  *                  *
</TABLE>

    6.3 PROFIT AND LOSS STATEMENT. TAI shall include the Leased Facilities in
TAI's profit and loss statement currently dedicated by TAI to the TAI Facilities
(the "P&L").

        The P&L SHALL INCLUDE the following items:

        (a) Rent paid by TAI pursuant to the Lease Agreement for the Leased
            Facilities;

        (b) TAI's purchases of the Toledo Grain;

        (c) Sales of the Toledo Grain by TAI to Cargill;

        (d) Certain allocated administrative and general operating costs
            mutually agreeable to the parties, including identified and
            quantified costs that relate specifically to the parties'
            origination, operation, and merchandising functions under this
            Agreement, including without limitation an annual fee in the amount
            of * to be paid to Cargill for each year during the Second Term;

        (e) Storage and other charges for Cargill Third Party Grain and TAI
            Third Party Grain pursuant to Article IV herein accrued on or after
            the Effective Date;

        (f) The market value of the TAI Inventory as of the Effective Date;

        (g) Depreciation of capital improvements made in accordance with Section
            6.4 of this Agreement; and

        (h) Such other items as may be mutually agreed by the parties.

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

    The P&L SHALL NOT INCLUDE the following items:

        (a) Claims, damages, liabilities, costs, expenses, suits, obligations or
            penalties (including attorneys' fees and costs of defense) of any
            and every nature whatsoever arising out of or in any manner
            connected with any grossly negligent act or omission by TAI or
            Cargill, including without limitation TAI's grossly negligent
            operation of the Facilities;

        (b) Claims, damages, liabilities, costs, expenses, suits, obligations or
            penalties (including attorneys' fees and costs of defense) of any
            and every nature whatsoever arising out of or in any manner
            connected with TAI's or Cargill's failure or alleged failure to
            comply with all applicable laws, rules, regulations, orders and
            decrees of the United States and the State of Ohio;

        (c) Claims, damages, liabilities, costs, expenses, suits, obligations or
            penalties (including attorneys' fees and costs of defense) of any
            and every nature whatsoever arising out of or in any manner
            connected with TAI's or Cargill's failure or alleged failure to
            comply materially with its contractual obligations;

        (d) Claims, damages, liabilities, costs, expenses, suits, obligations or
            penalties (including attorneys' fees and costs of defense) of any
            and every nature whatsoever arising out of or in any manner
            connected with any environmental condition at the Facilities to the
            extent that such environmental condition arises from, relates to or
            results from (i) the use, operation or ownership of the Facilities
            and the conduct of business therein, thereon, thereabout or with
            regard thereto at all times prior to the Effective Date, (ii) any
            deviation by TAI from standard business practices, or (iii) any
            violation of the law.

        (e) Claims, damages, liabilities, costs, expenses, suits, obligations or
            penalties (including attorneys' fees and costs of defense) of any
            and every nature whatsoever arising out of or in any manner
            connected with TAI's or Cargill's deviations from grain industry
            standards;

        (f) Such other items as may be mutually agreed by the parties.

    6.4 CAPITAL IMPROVEMENTS.

        (a) Each party is entering into this Agreement with a solid trust in the
respective condition of the other's facilities, as well as the past operating
standards that each party employed in the operation of each party's respective
facilities. The Lease Agreement represents a strong vote of confidence by
Cargill in TAI's ability to operate the Cargill facilities in conformance with
high standards for safety, maintenance and recapitalization.

        In defining the guidelines for capital spending and depreciation
recovery, neither party should benefit at the expense of the other party. While
each party retains absolute accountability for its asset investment, Cargill is
entrusting TAI with oversight responsibility as the Lessee, to manage the
Cargill assets with the same degree of vigilance as extended to their own
assets, and in accordance with the Lease Agreement.

        TAI will annually assemble a Capital Spending Plan for each of the
Facilities. The Capital Spending Plan ("Plan") shall be submitted to Cargill for
review in advance of the June-July fiscal year. Review and approval by each
party is required. This will establish the basic framework for capital spending
against which each party can measure and decide on appropriate deviations from
the Plan.

<PAGE>

        (b) MINOR CAPITAL SPENDING:

        "Minor Capital Spending" is defined as any project with a total
project cost of less than * but greater than * and considered an acceptable and
appropriate expenditure to be capitalized under the Internal Revenue Tax Code.

        "Profit Maintaining Minor Capital Spending" is defined as any capital
expenditures necessary to maintain the continued operating standards and
serviceability of the Facilities.

        "Profit Adding Minor Capital Spending" is defined as any capital
expenditures that add minor amounts of revenue and profit to the P&L.

        Minor Capital Spending may also include expenditures for safety and/or
environmental facility upgrades in order to comply with state and federal
regulations and/or best operating standards and practices.

        (c) MAJOR CAPITAL SPENDING:

        "Major Capital Spending" is defined as any project with a total cost
equal to or greater than * .

        "Profit Maintaining Major Capital Spending" is defined as any capital
expenditure equal to or in excess of * that serves to return the facility to its
original operating level of serviceability and does not increase revenues and
operating net income by a marked degree. Profit Maintaining Major Capital
Spending may also include expenditures on Safety and Environmental projects
required by State or Federal law or best operating practices.

        "Profit Adding Major Capital Spending" is defined as any capital
expenditure equal to or in excess of * that will increase operating revenues,
net income and EBIT by a marked degree.

        (d) RULES AND GUIDELINES:

            (i)   TAI shall be required to pay for all Capital Spending related
                  to or affecting the Facilities.

            (ii)  TAI has authority to approve all Minor Capital Spending in the
                  Plan less than * per project, so long as such expenditures are
                  consistent with the Plan.

            (iii) Proposed expenditures of * per project or more related to or
                  affecting the Cargill Facilities will be submitted to Cargill
                  for prior approval, including all expenditures within the
                  Plan.

            (iv)  TAI's capital spending approval procedures will govern TAI's
                  decision-making process for Minor Capital Spending.

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

            (v)    Substitutions within the framework of the Plan will be
                   allowed for expenditures less than * . Substituted
                   expenditures of amounts greater than * will require the
                   approval of the owner of the affected Facility.

            (vi)   All Major Capital Spending in excess of * per project will
                   require prior approval by both parties regardless of the
                   affected Facility.

            (vii)  All capital spending in excess of or outside of the Plan will
                   require prior approval by both parties.

            (viii) Upon termination of the Lease Agreement, Cargill shall
                   purchase from TAI, and TAI shall sell to Cargill, all
                   alterations, additions and improvements to the Cargill
                   Facilities at the then current book value of such
                   alterations, additions and improvements, consistent with
                   Section 7(b) of the Lease Agreement.

    6.5 RIGHT TO AUDIT DOCUMENTS. Both parties shall have the right at any time
and upon reasonable notice to the other party to audit the other party's
financial records relating to and generated pursuant to this Agreement. Such
review shall be subject, however, to the Guidelines (as defined in Section 8.1
herein) provided to the parties by joint legal counsel.

    6.6 EFFECT OF DEFICIENCY ON THRESHOLD. In the event that TAI's capability to
maximize origination pursuant to this Agreement is materially restricted,
limited or in any way deficient in any respect as a result of a force majeure,
any grossly negligent act or omission by TAI, or by any significant event that
substantially interferes with all or part of the normal business activities of
the Facilities, which event could not reasonably be foreseen by the parties
(including by way of example, but not limited to, an explosion, a shutdown of
the Great Lakes market, or a facility-related weather disaster), the Threshold
shall be renegotiated to reflect such deficiency. The parties shall assign a
percentage to the loss in capability, and the Threshold shall be reduced
accordingly by such percentage for the duration of the deficiency. If the
parties are unable to agree on a percentage loss in capability, the matter will
be resolved pursuant to Article XIV herein.

                                   ARTICLE VII
                        RELATIONSHIP BETWEEN THE PARTIES

    7.1 TAI shall conduct its business under this Agreement in the purchase and
sale to Cargill of the Toledo Grain as a principal for its own account and at
its own expense and risk, subject to the terms and conditions of this Agreement.
Cargill shall conduct its business under this Agreement in the purchase from TAI
and the merchandising of the Toledo Grain as a principal for its own account and
at its own expense and risk, subject to the terms and conditions of this
Agreement

    7.2 TAI shall have no power to make, and shall not make, any representations
on behalf of Cargill. TAI warrants that it will not act or attempt to act as
agent for or representative of Cargill, and will not create or attempt to create
any obligation binding upon Cargill, or assert or compromise or attempt to
assert or compromise any right of Cargill. Cargill shall have no power to make,
and shall not make, any representations on behalf of TAI. Cargill warrants that
it will not act or attempt to act as agent for or representative of TAI, and
will not create or attempt to create any obligation binding upon TAI, or assert
or compromise or attempt to assert or compromise any right of TAI.

*CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC

<PAGE>

                                  ARTICLE VIII
                                  COMMUNICATION

    8.1 GENERAL. Prior to the Effective Date, joint legal counsel for the
parties shall furnish the parties with specific guidelines relating to future
communications between the parties and each party's right to audit the other
party's financial records pursuant to Section 6.5 herein (the "Guidelines"). The
parties shall strictly follow the Guidelines in all future communications
between the parties and in conducting all audits pursuant to Section 6.5 herein.
The parties acknowledge that the communication guidelines currently in effect
are entitled 'Cargill and The Andersons Communication Guidelines for the
Business Alliance at Toledo/Maumee, Ohio,' which were distributed to the parties
by their respective legal counsel in April 15, 2002.

    8.2 ADVISORY PANEL. An advisory panel consisting of approximately three (3)
representatives, unless the parties otherwise mutually agree, from each party
(the "Panel") shall be established as soon as reasonably practicable after
commencement of the Initial Term. The Panel shall meet on a quarterly basis,
unless otherwise agreed, to address issues relating to the origination and
merchandising of the Toledo Grain; provided, however, that the parties shall
strictly follow the Guidelines in all communications between representatives of
the Panel.

                                   ARTICLE IX
                            CONFIDENTIAL INFORMATION

    9.1 Cargill and TAI hereby agree that they each will keep the terms and
conditions of this Agreement confidential and proprietary, will only disclose
the contents of this Agreement with those of their employees and others who are
on a need-to-know basis, and will ensure that reasonable procedures are
implemented to maintain the confidential nature of this Agreement with care
equal to that given to confidential information of its own respective business,
but in no event less than a reasonable degree of care. Cargill and TAI assume
liability for any breach of this Article by it or any of its employees, agents
or representatives. The obligations set forth in this Article shall survive any
termination of this Agreement.

    9.2 TAI shall keep confidential any Cargill information (whether business
marketing, technical or other data) known to it to be, or designated by Cargill
as being, confidential ("Confidential Information"), and shall use such care as
TAI would use in maintaining the confidentiality of its own confidential
information. TAI shall use such information only to the extent needed and for
the purpose of performing its obligations under this Agreement. TAI's
obligations under this Section 9.02 shall survive any termination of this
Agreement, except that the obligation of confidentiality under this Section 9.02
shall not apply:

        (a) to information known to TAI, as evidenced by TAI, at the time of
TAI's receipt thereof from Cargill; or

        (b) to information received by TAI from a third party under no
obligation of confidentiality to Cargill.

    9.3 Cargill shall keep confidential any TAI information (whether business
marketing, technical or other data) known to it to be, or designated by TAI as
being, confidential ("Confidential Information"), and shall use such care as
Cargill would use in maintaining the confidentiality of its own confidential
information. Cargill shall use such information only to the extent needed and
for the purpose of performing its obligations under this Agreement. Cargill's
obligations under this Section 9.03 shall survive any termination of this
Agreement, except that the obligation of confidentiality under this Section 9.03
shall not apply:

<PAGE>

        (a) to information known to Cargill, as evidenced by Cargill, at the
time of Cargill's receipt thereof from TAI; or

        (b) to information received by Cargill from a third party under no
obligation of confidentiality to TAI.

                                    ARTICLE X
                               EMPLOYMENT MATTERS

    10.1 Any persons who are employed by Cargill at the Leased Facilities
immediately prior to the Effective Date and who are terminated in anticipation
of this Agreement shall be considered for employment by TAI. It is mutually
understood and agreed, however, that TAI is under no obligation to hire and
provide employment for any such employees.

    10.2 Cargill has terminated any employment relationship it previously had
with certain of its employees at the Leased Facilities. Cargill shall have no
further supervisory function whatsoever with respect to any of such former
employees at the Leased Facilities. TAI has sole authority to operate the Leased
Facilities for the purposes of the relationship contemplated in this Agreement.
Accordingly, TAI shall be solely responsible for the direction of its agents,
servants and employees, including all former employees of Cargill hired by TAI.
In particular and without limitation, TAI shall be solely responsible for its
employees' selection, hiring, firing, supervision, wages and benefits, hours,
performance standards, training and discipline. TAI shall also be solely
responsible for compliance with all applicable local, state and federal laws and
regulatory requirements relating to its employees.

    10.3 Notwithstanding the foregoing, if TAI hires any Cargill employees, TAI
shall recognize past service of such employees for vacation and sick pay
eligibility purposes only. TAI will also waive the one year waiting period for
participation in its RSIP (401K Plan). Further, such employees shall be subject
to the applicable vesting schedules under the pension benefit plans, based on
the employment date of such employees with TAI. Health insurance coverage will
commence on the date of hire of such employees as TAI employees, and there will
be no exclusions for pre-existing conditions. Such former employees'
participation in Cargill's employee welfare, pension, fringe benefit and profit
sharing plans shall terminate on the Effective Date.

                                   ARTICLE XI
                         REPRESENTATIONS AND WARRANTIES

    11.1 REPRESENTATIONS AND WARRANTIES OF CARGILL. Cargill represents and
warrants as follows to TAI, such representations and warranties to be true and
correct on the Effective Date, that:

        (a) ORGANIZATION, QUALIFICATION AND GOOD STANDING. Cargill is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware and is registered to do business in and is in good
standing under the laws of the State of Ohio. All corporate proceedings required
to be taken by Cargill to authorize the execution, delivery and consummation of
this Agreement have been duly and validly taken and will be in full force and
effect on the Effective Date.

        (b) AUTHORITY; BINDING EFFECT. Cargill has full power and authority to
execute and perform this Agreement, and this Agreement constitutes a legal,
valid and binding obligation of Cargill enforceable against Cargill in
accordance with its terms, subject to applicable bankruptcy or insolvency laws.
<PAGE>

        (c) COMPLIANCE WITH OTHER INSTRUMENTS. Cargill is neither a party to,
nor otherwise subject to, any agreement or other instrument which would prevent
or prohibit Cargill from or require any consent to, the execution or
consummation hereof.

    11.2 SURVIVAL OF WARRANTIES AND INDEMNIFICATION. All the warranties and
representations given by Cargill in Section 11.1 herein or elsewhere in this
Agreement, all of which are relied upon by the TAI, shall survive the Effective
Date hereof. Cargill agrees to indemnify and hold TAI harmless from and against
any loss, damage, claim, liability, cost, expense or penalty (including
reasonable attorneys' fees) which TAI may incur or sustain after the Effective
Date resulting from or arising out of any breach of any of said representations
and warranties.

    11.3 REPRESENTATIONS AND WARRANTIES OF TAI. TAI represents and warrants as
follows to Cargill, such representations and warranties to be true and correct
on the Effective Date, that:

        (a) ORGANIZATION, QUALIFICATION AND GOOD STANDING. TAI is a corporation
duly organized, validly existing and in good standing under the laws of the
State of Ohio and is registered to do business in and is in good standing under
the laws of the State of Ohio. All corporate proceedings required to be taken by
TAI to authorize the execution, delivery and consummation of this Agreement have
been duly and validly taken and will be in full force and effect on the
Effective Date.

        (b) AUTHORITY; BINDING EFFECT. TAI has full power and authority to
execute and perform this Agreement, and this Agreement constitutes a legal,
valid and binding obligation of TAI enforceable against TAI in accordance with
its terms, subject to applicable bankruptcy or insolvency laws.

        (c) COMPLIANCE WITH OTHER INSTRUMENTS. TAI is neither a party to, nor
otherwise subject to, any agreement or other instrument which would prevent or
prohibit TAI from or require any consent to, the execution or consummation
hereof.

        (d) CORPORATE DOCUMENTS. TAI has provided Cargill with all corporate
documents evidencing the provisions that TAI has in place which limit potential
changes in control of TAI.

    11.4 SURVIVAL OF WARRANTIES AND INDEMNIFICATION. All the warranties and
representations given by TAI in Section 11.3 herein or elsewhere in this
Agreement, all of which are relied upon by the Cargill, shall survive the
Effective Date hereof. TAI agrees to indemnify and hold Cargill harmless from
and against any loss, damage, claim, liability, cost, expense or penalty
(including reasonable attorneys' fees) which Cargill may incur or sustain after
the Effective Date resulting from or arising out of any breach of any of said
representations and warranties.

                                   ARTICLE XII
                                 INDEMNIFICATION

    12.1 INDEMNIFICATION BY CARGILL. Cargill shall defend, exonerate, indemnify
and hold harmless TAI, its officers, directors, employees and agents from and
against all claims, damages, liabilities, costs, and expenses, suits,
obligations or penalties (including attorneys' fees and costs of defense) of any
and every nature whatsoever arising out of or in any manner connected with (a)
any breach of this Agreement by Cargill; and (b) the operation or ownership of
the Leased Facilities and the conduct of its business therein, thereon,
thereabout or with regard thereto at all times prior to the Effective Date,
including without limiting the generality of the foregoing all environmental
liabilities.

    12.2 INDEMNIFICATION BY TAI. TAI shall defend, exonerate, indemnify and hold
harmless Cargill, its officers, directors, employees and agents from and against
all claims, damages, liabilities, costs, expenses, suits, obligations or
penalties (including attorneys' fees and costs of defense) of any and
<PAGE>

every nature whatsoever arising out of or in any manner connected with (a) any
breach of this Agreement by TAI; (b) the operation or ownership of the TAI
Facilities and the conduct of business therein, thereon, thereabout or with
regard thereto at all times prior to the Effective Date, including without
limiting the generality of the foregoing all environmental liabilities; (c) the
grossly negligent operation or ownership of the TAI Facilities and the grossly
negligent conduct of business therein, thereon, thereabout or with regard
thereto at all times on and after the Effective Date, including without limiting
the generality of the foregoing all environmental liabilities; (d) the grossly
negligent use, operation or occupancy of the Leased Facilities and the grossly
negligent conduct of business therein, thereon, thereabout or with regard
thereto at all times on and after the Effective Date, including without limiting
the generality of the foregoing all environmental liabilities; and (e) any
grossly negligent act or omission or willful misconduct by TAI.

    Notwithstanding the foregoing or anything to the contrary in the Lease
Agreement, the parties intend that the P&L shall include all customary items,
except as otherwise provided by Section 6.3 of this Agreement. TAI's failure to
follow, use, adopt, implement or recognize standard business practices,
including, without limitation, standard business practices of a grain handling
business, may be a factor in determining whether TAI is grossly negligent for
purposes of this Agreement; provided, however, that the mere fact that TAI is
found liable for negligence against a third party shall not be determinative in
and of itself as to whether TAI is grossly negligent for purposes of this
Agreement for the same conduct giving rise to TAI's negligence against such
third party.

    12.3 NOTICE. Each party agrees to promptly give the other party notice of
any claim or indemnification arising under this Section.

    12.4 SURVIVAL. The obligations of each party under the foregoing
indemnification provisions shall survive the termination of this Agreement.

                                  ARTICLE XIII
                                  FORCE MAJEURE

    13.1 The obligations of each party under this Agreement may be delayed or
suspended in the event of Act of God, war, riot, fire, explosion, accident,
flood, sabotage, inability to obtain fuel, power, raw material, labor,
containers or transportation, facilities, governmental laws, regulations, order
or action, breakage or failure of machinery or apparatus, national defense
requirements or any other event beyond the reasonable control of such party or
in the event of labor trouble, strike, lockout or injunction (whether or not
such labor event is within the reasonable control of such party), any of which
events prevents the sale, purchase or merchandising of the Toledo Grain. For
purposes of this Section 13.1, ordinary variations in weather conditions,
including without limitation prolonged periods of dryness or wetness, shall not
be considered an event of force majeure. If, because of any such event, either
party is unable to meet its obligations in part or in whole under this
Agreement, the obligations of the affected party shall be abated during the
period in which its performance is prevented by the event of force majeure upon
giving prompt notice of such event to the other party. The other party's
performance shall likewise be abated during such period, but this Agreement
shall otherwise remain unaffected.

                                   ARTICLE XIV
                               DISPUTE RESOLUTION

    14.1 In the event a dispute arises under this Agreement that cannot be
resolved by those with direct responsibility for the matter in dispute, such
dispute shall be resolved by way of the following process:

        (a) The Panel shall meet to discuss the basis for the dispute and shall
use its best efforts to reach a reasonable resolution to the dispute.

<PAGE>

        (b) If the Panel fails to resolve the dispute within 10 days of its
receipt of written notice of the dispute, the matter in dispute shall be brought
to the attention of senior management at Cargill and TAI. Said management shall
meet in person to negotiate a good faith resolution to the dispute within 20
days of their receipt of written notice of the dispute.

        (c) If such negotiations are unsuccessful, the matter may promptly be
submitted by either party to an individual or organization recognized in the
field of alternate dispute resolution as may be agreed upon by the parties
(collectively referred to as the "Mediator"). The Mediator shall, within thirty
(30) days after its receipt of a party's request for assistance, recommend to
the parties, in writing, a procedure for non-binding mediation ("Mediation") for
resolving such matter. The Mediator's recommendation shall also set forth rules
for the recommended process including without limitation: (i) a schedule for the
exchange of documents and short narrative statements summarizing each party's
position on the matter; (ii) if appropriate in the Mediator's view, an expedited
discovery schedule; (iii) the format and location of the Mediation; and (iv) the
time period in which the Mediation is to be completed. The Mediator shall
conduct the Mediation.

        (d) At the conclusion of the Mediation, the representatives shall meet
and attempt to resolve the matter. If the matter cannot be resolved within such
period as the Mediator deems reasonable (but not later than ninety (90) days
after the Mediator has issued its procedural recommendation for the Mediation),
the Mediator shall (upon request of either party) certify to the parties that
the matter is incapable of resolution through the Mediation process and the
matter shall, thereafter, promptly be submitted to and settled by arbitration in
accordance with the Commercial Arbitration Rules, then in effect, of the
American Arbitration Association ("AAA"), except to the extent modified herein.
The arbitration shall be held in Ohio. Judgment on the award rendered may be
entered in any court having jurisdiction thereof.

        (e) Each party shall within thirty (30) days of receipt of notice that
the matter has been referred to arbitration, appoint one arbitrator and, within
thirty (30) days of the appointment of the last of such two arbitrators, the two
arbitrators shall appoint a third arbitrator. If either party or the two
arbitrators fail to timely appoint an arbitrator, the said arbitrator shall be
appointed by AAA. The arbitrators shall not be empowered to award punitive or
exemplary damages.

        (f) Unless otherwise determined by the arbitration panel, the parties
shall bear their respective costs incurred in connection with the procedures
described in this Section, except that the parties shall share equally the fees
and expenses of any Mediation or arbitration.

        (g) Notwithstanding any other provision of this Agreement, each party
shall still be entitled to access the courts to obtain appropriate injunctive
relief.

        (h) During the pendency of any dispute resolution procedure pursuant to
this Section, the effectiveness of any notice of termination given pursuant to
this Agreement shall be suspended.

                                   ARTICLE XV
                            MISCELLANEOUS PROVISIONS

    15.1 ASSIGNMENT. Neither Cargill nor TAI may assign this Agreement without
the prior written consent of the other party.

    15.2 WAIVER. Failure by either party at any time to require performance by
the other party or to claim a breach of any provision of this Agreement will not
be construed as a waiver of any right accruing hereunder, nor will it affect any
subsequent breach or the effectiveness of this Agreement or any part hereof, or
prejudice either party as regards any subsequent action. A waiver of any right
accruing to either party pursuant to this Agreement shall not be effective
unless given in writing.

<PAGE>

    15.3 NOTICES. Whenever notice is required by the terms hereof, it shall be
given in writing by delivery in person, by recognized overnight delivery
service, or by certified or registered mail addressed to the other party at the
following address or such other address as a party shall designate by
appropriate notice:

          If to Cargill:                     Cargill, Incorporated
                                             15407 McGinty Road West
                                             Wayzata, MN  55391
                                             Attn:  Daniel P. Dye

          With a copy to:                    Cargill, Incorporated
                                             15407 McGinty Road West
                                             Wayzata, MN  55391
                                             Attn:  AgHorizons Attorney

          If to TAI or TAAG:                 The Andersons, Inc.
                                             480 W. Dussel Drive
                                             P.O. Box 119
                                             Maumee, OH  43537
                                             Attn:  Hal Reed

          With a copy to:                    The Andersons, Inc.
                                             480 W. Dussel Drive
                                             P.O. Box 119
                                             Maumee, OH  43537
                                             Attn: Beverly McBride

If notice is given by mail, it shall be effective three (3) days after mailing.

    15.4 CONSTRUCTION OF TERMS OF AGREEMENT; MODIFICATION. The language in all
parts of this Agreement shall be constructed as a whole according to its fair
meaning and not strictly for or against any party hereto. Headings in this
Agreement are for convenience only and are not construed as a part of this
Agreement or in any defining, limiting or amplifying the provisions hereof. This
Agreement contains the entire agreement, and supersedes and replaces any prior
agreements (either written or oral), between the parties with respect to the
subject matter hereof and shall not be modified in any manner except by an
instrument in writing executed by the parties hereto. In the event any term,
covenant or condition herein contained is held to be invalid or void by any
court of competent jurisdiction, the invalidity of any such term, covenant or
condition shall in no way affect any other term, covenant or condition herein
contained.

    15.5 SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the
successors and assigns of each of the parties hereto; provided, however, that
this Agreement shall not be assigned, transferred or sold by either party
without the prior written consent.

    15.6 COMPLIANCE WITH LAWS. Cargill and TAI each agrees to perform its
obligations under this Agreement in material compliance with all applicable
laws, rules, regulations, orders and decrees of the United States and the State
of Ohio.

    15.7 NO THIRD PARTY BENEFICIARY. No person or entity shall be deemed to be a
third party beneficiary of this Agreement and nothing expressed or implied in
this Agreement shall be deemed to confer upon any person or entity, or any heir,
successor, assign or legal representative thereof, any rights or remedies of any
nature or kind whatsoever, including without limitation any right to contract or
any right to employment or continued employment.

<PAGE>

    15.8 GOVERNING LAW. This Agreement is to be governed by, and construed in
accordance with, the laws of the State of Ohio, without reference to its
conflicts of law rules.

    15.9 COUNTERPARTS. This Agreement may be executed in counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

    IN WITNESS WHEREOF, Cargill, Incorporated and The Andersons, Inc. have
executed this Agreement effective the day and year first above written.

CARGILL, INCORPORATED                      THE ANDERSONS, INC.

By:      /s/Daniel P. Dye                  By:      /s/Hal Reed
         --------------------------------  ------------------------------------

Printed Name:  Daniel P. Dye               Printed Name: Hal Reed
               --------------------------                ----------------------

Its:     President, Cargill AgHorizons     Its:     President, Grain Division
         -----------------------------              ---------------------------

THE ANDERSONS AGRICULTURE GROUP, L.P.
BY:      THE ANDERSONS, INC., ITS SOLE GENERAL PARTNER

         By:      /s/Michael J. Anderson
                  --------------------------------------------

         Printed Name:  Michael J. Anderson
                        -----------------------------------

         Its:     President and CEO
                  -----------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]