CONSENT AND WAIVER

     CONSENT AND WAIVER dated as of February 28, 2005, among NationsHealth, Inc.
(the “Company”) and the stockholders of the Company named on the signature pages
hereto (collectively, the “Stockholders”).

     WHEREAS, concurrently herewith, the Company is entering into that certain
Investment Unit Purchase Agreement (the “Unit Purchase Agreement”) by and among,
the Company, NationsHealth Holdings, L.L.C., a Florida limited liability company
and a wholly-owned subsidiary of the Company (“NH LLC”), United States
Pharmaceutical Group, L.L.C., a Delaware limited liability company and an
indirect wholly-owned subsidiary of the Company (“USPG” and together with the
Company and NH LLC, the “Issuers”), and MHR Capital Partners LP, OTQ LLC and MHR
Capital Partners (100) LP (the “Investors”), pursuant to which the Issuers will
sell to the Investors, and the Investors will purchase from the Issuers,
investment units consisting in the aggregate of (x) $15,000,000 in principal
amount of 7 3/4% Convertible Secured Notes and (y) 1,785,714 shares of common
stock, $0.0001 par value per share, of the Company;

     WHEREAS, concurrently herewith, the parties to the Unit Purchase Agreement
are entering into that certain Registration Rights Agreement (the “New
Registration Rights Agreement”);

     WHEREAS, the Company and certain stockholders entered into that certain
Registration Rights Agreement of July 22, 2003, as amended on March 9, 2004 (the
“First Existing Registration Rights Agreement”);

     WHEREAS, the Company and certain stockholders entered into that certain
Registration Rights Agreement of March 9, 2004, as amended on June 2, 2004 (the
“Second Existing Registration Rights Agreement”, and together with the First
Existing Registration Rights Agreement, the “Existing Registration Rights
Agreements”);

     WHEREAS, under Section 6.9 of each of the Existing Registration Rights
Agreements, any provision of each such Existing Registration Rights Agreement
may be amended or waived only by a written instrument, that refers specifically
to such Existing Registration Rights Agreement and is executed by the party
waiving such right or rights;

     WHEREAS, the Stockholders wish to waive certain rights under the Existing
Registration Rights Agreements and execute this Consent and Waiver to induce the
Investors to invest in the Company pursuant to the Unit Purchase Agreement; and

     NOW, THEREFORE, for good and valuable consideration the receipt of which is
hereby acknowledged, and intending to be legally bound, the parties hereby agree
as follows:

     1. Subject to the consummation of the transactions contemplated by the Unit
Purchase Agreement, the Stockholders hereby agree and consent to the execution
and performance by the Company of the New Registration Rights Agreement and
hereby agree that, notwithstanding anything to the contrary in the Existing
Registration Rights Agreements, the New Registration Rights Agreement shall
control the allocation of rights as among the Investors,

 

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on the one hand, and the Stockholders and the Company, on the other hand, and
the Existing Registration Rights Agreements shall control the allocation of
rights as among the Stockholders and the Company.

     2. The Company and the Stockholders hereby consent to, and waive the
lock-up provisions set forth in Section 2.4 of the Second Existing Registration
Rights Agreement in respect of, the transfer by RGGPLS Holding, Inc. and GRH
Holdings, L.L.C. of an aggregate of 1,611,068 shares of common stock of the
Company to USPG, provided that such shares are thereafter included in the Units
sold by the Issuers to the Investors pursuant to the Unit Purchase Agreement.

     3. The Company and the Stockholders hereby agree to amend Section 2.2.2(i)
of the Second Existing Registration Rights Agreement to have the following
clause (C) replace the existing clause (C) and to add the following clause (D):
“(C) third, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clauses (A) and (B), additional shares of Common Stock, if
any, as to which registration is requested by any of the Stockholders, to be
allocated pro rata based on the number of shares for which such Stockholders
have requested registration; and (D) fourth, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clauses (A), (B) and
(C), the shares of Common Stock, if any, as to which registration has been
requested pursuant to written contractual piggy-back registration rights which
such other shareholders desire to sell that can be sold without exceeding the
Maximum Number of Shares.”

     4. Except as specified herein, the terms and provisions of the Existing
Registration Rights Agreements will continue to remain in full force and effect.

     5. This Consent and Waiver may be executed in one or more counterparts, all
of which shall be considered one and the same instrument.

     6. This Consent and Waiver shall be governed by, and construed in
accordance with, the laws of the State of New York, without giving effect to any
conflict or choice of law provision which would require the application of the
laws of any other jurisdiction.

[signature page follows]

 

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     IN WITNESS WHEREOF, the parties have caused this Consent and Waiver to be
duly executed as of the date first written above.

              COMPANY:
 
            NATIONSHEALTH, INC., a Delaware corporation
 
       

  By:    
 
       

      /s/ Glenn Parker

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Name: Glenn Parker, M.D.
Title:
 
       
 
            STOCKHOLDERS:
 
       
 
            /s/ Arthur Spector

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Arthur Spector
 
       
 
            /s/ Jeremy D. Spector

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Spector Family Trust
Name: Jeremy D. Spector
Title: Co-Trustee
 
       
 
            /s/ Robert E. Keith

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Robert E. Keith, Jr.
 
       
 
            /s/ Don K. Rice

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Don K. Rice
 
       
 
            /s/ Heinz C. Schimmelbusch

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Heinz C. Schimmelbusch

 

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                      /s/ J. Brian O’Neill

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J. Brian O’Neill
 
               
 
                    RGGPLS HOLDING, INC.
 
               
 
                    By:   /s/ Glenn Parker

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Name: Glenn M. Parker, M.D.
Title: President
 
               
 
                    GRH HOLDINGS, L.L.C.
 
                    By:   Viaura Holdings, Ltd.
 
                        By:   Viaura, Inc.
 
               

          By:   /s/ Michael Gusky

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Name: Michael Gusky
Title: President
 
               
 
                    BECTON, DICKINSON AND COMPANY
 
               
 
                    By:   /s/ William Marshall

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Name: William Marshall
Title: