**UPDATE**
I did recieave a new Bios chip which had an updated bios firmware on it, which worked with my fx-8120. I decided to swap my motherboard for a GA-990FXA-UD7. Sorry for the late notice.
Finally received the Bios chip from Asus. This shows how to replace the chip. This bios chip should be the most recently updated bios for your Asus Crosshair V Formula.