Document:

REGISTRATION RIGHTS AGREEMENT

 

EXHIBIT 10.2

REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (this “Agreement”) is made and entered into as of August
18, 2005, by NationsHealth, Inc., a Delaware corporation (the “Company”) and US Bioservices
Corporation, a Delaware corporation (“Investor”).

Recitals

     A. The Company and Investor are parties to the Stock Purchase Agreement dated as of even date
herewith (the “Purchase Agreement”), pursuant to which (i) the Company has agreed to sell, and
Investor has agreed to purchase, that number of shares of the Company’s common stock, par value
$0.0001 per share (“Common Stock”), equal to (a) $1,500,000 divided by (b) the average closing
price per share of Common Stock, as reported by Nasdaq, for the twenty (20) consecutive trading
days immediately prior to the Closing (as such term is defined in the Purchase Agreement). The
shares of Common Stock that Investor is purchasing under the Purchase Agreement are referred to as
the “Shares”.

     B. The respective obligations of the Company and Investor under the Purchase Agreement are
conditioned upon the execution and delivery of this Agreement.

     C. Investor acknowledges that the Company is a party to Existing Registration Rights
Agreements (as defined below) with Existing Holders (as defined below) and that any demand
registration requested by the Investor will likely include shares of the Company’s common stock
held by such Existing Holders. In addition, Investor acknowledges that certain provisions
contained in the Existing Registration Rights Agreements may impact the Investor’s ability to
include a requested number of shares of the Common Stock in any particular registration.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows:

Agreement

Article I

Registration Rights

     1.1 Definitions. For purposes of this Agreement:

     (a) “Affiliate” means, with respect to any Person, (i) any other Person of which securities or
other ownership interests representing more than fifty percent (50%) of the voting interests are,
at the time such determination is being made, owned, Controlled or held, directly or indirectly, by
such Person or (ii) any other Person which, at the time such determination is being made, is
Controlling, Controlled by or under common Control with, such Person. As used herein, “Control”,
whether used as a noun or verb, refers to the possession, directly or indirectly, of the power to
direct, or cause the direction of, the management or policies of a Person, whether through the
ownership of voting securities or otherwise.

 

 

     (b) “Existing Holders” means any holders of shares of common stock, or securities convertible
or exercisable into shares of common stock, of the Company that are a party to any of the Existing
Registration Rights Agreements.

     (c) “Existing Registration Rights Agreements” means (i) the Registration Rights Agreement
relating to the Securities Purchase Agreement dated as of May 4, 2005, among the Company and the
investor parties listed on the signature pages thereto, (ii) the Registration Rights Agreement
dated as of February 28, 2005, among the Company and the investor parties listed on the signature
pages thereto, (iii) the Registration Rights Agreement dated as of March 9, 2004, as amended as of
June 2, 2004, among the Company and the investor parties listed on the signature pages thereto, and
(iv) the Registration Rights Agreement dated as of July 22, 2003, among the Company and the
investor parties listed on the signature pages thereto.

     (d) “Holder” means a Person that (i) is a party to this Agreement (or a permitted transferee
under Section 1.10 hereof) and (ii) owns Registrable Securities;.

     (e) “NASD” means the National Association of Securities Dealers, Inc.

     (f) “Person” means any individual, firm, corporation, company, partnership, trust,
incorporated or unincorporated association, limited liability company, joint venture, joint stock
company, government (or an agency or political subdivision thereof) or other entity of any kind,
and shall include any successor (by merger or otherwise) of any such entity.

     (g) “Registrable Securities” means (i) the Shares and (ii) any additional shares of Common
Stock issued or issuable with respect to the Shares by virtue of any stock split, combination,
stock dividend, merger, consolidation or other similar event; provided, however, that
shares of Common Stock that are considered to be Registrable Securities shall cease to be
Registrable Securities (A) upon the sale thereof pursuant to an effective registration statement
or Rule 144 under the Securities Act, (B) upon the transfer thereof in a private transaction where
the transferor’s rights under this Agreement are not assigned, (C) when such securities cease to be
outstanding, or (D) such Shares may be sold or transferred by the beneficial owner thereof in a
single transaction under Rule 144.

     (h) “Registration Expenses” mean all expenses (other than underwriting discounts and
commissions ) arising from or incident to the performance of, or compliance with, this Agreement,
including, without limitation, (i) SEC, stock exchange, NASD and other registration and filing
fees, (ii) all fees and expenses incurred in connection with complying with any securities or blue
sky laws (including, without limitation, fees, charges and disbursements of counsel in connection
with blue sky qualifications of the Registrable Securities), (iii) all printing, messenger and
delivery expenses, (iv) the fees, charges and disbursements of counsel to the Company and of its
independent public accountants and any other accounting and legal fees, charges and expenses
incurred by the Company (including, without limitation, any expenses arising from any special
audits or “comfort letters” required in connection with or incident to any registration), (v) the
fees, charges and disbursements of any special experts retained by the Company in connection with
any registration pursuant to the terms of this Agreement, (vi) all internal expenses of the Company
(including, without limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties), (vii) the fees and expenses

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incurred in connection with the listing of the Registrable Securities on any securities
exchange or Nasdaq and (viii) Securities Act liability insurance (if the Company elects to obtain
such insurance), regardless of whether any Registration Statement filed in connection with such
registration is declared effective. Registration expenses shall also include fees, charges and
disbursements of one (1) firm of counsel to the Holder participating in any underwritten public
offering pursuant to this Agreement, not to exceed $15,000 in connection with a Demand Registration
or $5,000 in connection with a Piggyback Registration.

     (i) “Registration Statement” shall mean any Registration Statement of the Company filed with
the SEC on the appropriate form pursuant to the Securities Act that covers any of the Registrable
Securities pursuant to the provisions of this Agreement and all amendments and supplements to any
such Registration Statement, including post-effective amendments, in each case including the
prospectus contained therein, all exhibits thereto and all materials incorporated by reference
therein.

     (j) “SEC” or “Commission” means the United States Securities and Exchange Commission.

     (k) “Securities Act” means the Securities Act of 1933, as amended.

     (l) “Selling Expenses” shall mean the underwriting fees, discounts, selling commissions and
stock transfer taxes applicable to the Registrable Securities registered by the Holder.

     1.2 Demand Registration..

     (a) Request by Holder. If the Company receives at any time within two years of the
date of this Agreement a written request from the Holder that the Company register the Registrable
Securities held by Holder (a “Demand Request”), which Demand Request shall (x) specify the number
of Registrable Securities that the Holder intends to sell or dispose of, (y) state the intended
method or methods of sale or disposition of the Registrable Securities and (z) specify the expected
price range (net of underwriting discounts and commissions) acceptable to the Holder to be received
for such Registrable Securities, then the Company shall:

          (i) cause to be filed, as soon as practicable, but within ninety (90) days of the date of
delivery to the Company of the Demand Request, a Registration Statement covering such Registrable
Securities that the Company has been so requested to register by the Holder and other Persons,
providing for the registration under the Securities Act of such Registrable Securities to the
extent necessary to permit the disposition of such Registrable Securities in accordance with the
intended method of distribution specified in the Demand Request;

          (ii) use its best efforts to have such Registration Statement declared effective by the SEC as
soon as practicable thereafter; and

          (iii) refrain from filing any other Registration Statements, other than pursuant to a
Registration Statement on Form S-4 or S-8 (or similar or successor forms) or Registration
Statements pursuant to Existing Registration Rights Agreements, with respect to any other

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securities of the Company until such date which is sixty (60) days following effectiveness of
the Registration Statement filed in response to the Demand Request.

     (b) Effective Registration Statement. A registration requested pursuant to this
Agreement shall not be deemed to have been effected (i) unless a Registration Statement with
respect thereto has become effective and remained effective in compliance with the provisions of
the Securities Act with respect to the disposition of all Registrable Securities covered by such
Registration Statement for 180 days after it has become effective or until such time as all of such
Registrable Securities have been disposed of in accordance with the intended methods of disposition
by the Holder thereof set forth in such Registration Statement, whichever is shorter; (ii) if,
after it has become effective, such registration is interfered with by any stop order, injunction
or other order or requirement of the SEC or other governmental agency or court and has not
thereafter become effective, or if the offering of Registrable Securities is not consummated for
any reason other than the Holder unilaterally deciding not to sell the Registrable Securities for a
reason other than those set forth in Section 1.2(f), including, without limitation, if the
underwriters of an underwritten public offering advise the Holder that the Registrable Securities
cannot be sold at a net price per share equal to or above the net price disclosed in the
preliminary prospectus; (iii) if the conditions to closing specified in the underwriting agreement,
if any, entered into in connection with such registration are not satisfied or waived; or (iv) if
the Holder is cut back regarding the Registrable Securities requested to be registered by more than
50%.

     (c) Selection of Underwriters. In the event that the Company is required to file a
Registration Statement covering any Registrable Securities of the Holder pursuant to Section
1.2(a) hereof and the proposed public offering is to be an underwritten public offering, the
managing underwriter shall be one or more reputable nationally recognized investment banks selected
by a the Holder and reasonably acceptable to the Company, which consent shall not be unreasonably
withheld, delayed or conditioned.

     (d) Priority for Demand Registration.

          (i) In any Registration Statement filed as a result of Demand Request, the Investor
acknowledges that some or all of the Existing Holders are entitled to include shares of common
stock in such Registration Statement pro rata with the Investor based on the number of shares
requested to be included in the Registration Statement, on a basis no less favorable to the
Existing Holders than that of the Holder.

          (ii) In addition to the limitations set forth in Section 1.2(d)(i) above, if the managing
underwriter of an underwritten public offering determines and advises the Holder and the Company in
writing that the inclusion of all securities proposed to be included by the Company, the Holder and
any other stockholders who may be exercising piggyback registration rights in the underwritten
public offering would materially and adversely interfere with the successful marketing of the
Holder’s Registrable Securities, then the Company shall not be permitted to include any securities
in excess of the amount, if any, of securities which the managing underwriter of such underwritten
public offering shall reasonably and in good faith agree in writing to include in such public
offering in addition to the amount of Registrable Securities to be registered for the Holder. It
is acknowledged by the parties hereto that the

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Existing Registration Rights Agreements may require specific methods for determining the
reduction of shares included in a Registration Statement. To the extent not inconsistent with
Existing Registration Rights Agreements, the securities to be included in a registration requested
by the Holder pursuant to Section 1.2 shall be allocated:

               (1) first, to the Holder; and

               (2) second, to the Company and any other stockholders of the Company requesting piggyback
registration of securities of the Company.

     (e) Limitations on Demand Registration.

          (i) The Company may delay making a filing of a Registration Statement or taking action in
connection therewith by not more than ninety (90) days in addition to the 90 days permitted by
paragraph 1.5(a) if (A) the Company provides a written certificate signed by the President or Chief
Executive Officer of the Company to the Holder, prior to the time it would otherwise have been
required to file such Registration Statement or take such action pursuant to this Section
1.2, stating that the Board of Directors of the Company has determined in good faith that the
filing of such Registration Statement would be seriously detrimental to the Company or would
otherwise materially adversely affect a financing, acquisition, disposition, merger or other
material transaction (collectively, a “Valid Business Reason”) and that it is therefore essential
to defer the filing of the Registration Statement; provided, however, that such right to
delay a Demand Request shall be exercised by the Company not more than once in any twelve (12)
month period and the Company shall only have the right to delay a Demand Request so long as such
Valid Business Reason exists, and during such time, the Company may not file a Registration
Statement for securities to be issued and sold for its own account or for that of anyone other than
the Holder; or (B) the Company has filed a registration statement (other than on Form S-4 or S-8)
within ninety (90) days prior to the date of such Demand Request.

          (ii) The Company shall only be obligated to effect one (1) Demand Request pursuant to this
Section 1.2.

          (iii) The Company shall not be required to comply with a Demand Request unless the reasonably
anticipated aggregate gross proceeds to be raised (before any underwriting discounts and
commissions) would be equal to or exceed $1,000,000.

     (f) Cancellation of Registration. The Holder shall have the right to cancel a
proposed registration of Registrable Securities pursuant to this Section 1.2 when, (i) in
its discretion, market conditions are so unfavorable as to be seriously detrimental to an offering
pursuant to such registration or (ii) the request for cancellation is based upon material adverse
information relating to the Company that is different from the information known to the Holder at
the time of the Demand Request. Such cancellation of a registration shall not be counted as the
one (1) Demand Request and notwithstanding anything to the contrary in the Agreement, the Company
shall be responsible for the Registration Expenses of the Holder incurred in connection with the
registration prior to the time of cancellation.

     1.3 Piggyback Registrations.

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     (a) Right to Include Registrable Securities. Each time that the Company proposes for
any reason to register any of its Common Stock under the Securities Act, either for its own account
or for the account of a stockholder or stockholders exercising demand registration rights other
than Demand Request pursuant to Section 1.2 hereof (“Other Stockholders”) other than
pursuant to a Registration Statement on Forms S-4 or S-8 (or similar or successor forms) (a
“Proposed Registration”), the Company shall promptly give written notice of such Proposed
Registration to the Holder (which notice shall be given not less than thirty (30) days prior to the
expected effective date of the Company’s Registration Statement) and shall offer the Holder the
right to request inclusion of any of the Holder’s Registrable Securities in the Proposed
Registration. No registration pursuant to this Section 1.3 shall relieve the Company of
its obligation to register Registrable Securities pursuant to a Demand Request, as contemplated by
Section 1.2 hereof. The rights to piggyback registration may be exercised an unlimited
number of occasions.

     (b) Piggyback Procedure. The Holder shall have twenty (20) days from the date of
receipt of the Company’s notice referred to in Section 1.3(a) above to deliver to the
Company a written request specifying the number of Registrable Securities the Holder intends to
sell and the Holder’s intended method of disposition. The Holder shall have the right to withdraw
its request for inclusion of its Registrable Securities in any Registration Statement pursuant to
this Section 1.3 by giving written notice to the Company of such withdrawal. Subject to
Section 1.3(d) below, the Company shall use its best efforts to include in such
Registration Statement all such Registrable Securities so requested to be included therein;
provided, however, that the Company may at any time withdraw or cease proceeding
with registration of the Registrable Securities if it shall at the same time withdraw or cease
proceeding with the Proposed Registration.

     (c) Selection of Underwriters. The managing underwriter for any Proposed Registration
that involves an underwritten public offering shall be one or more reputable nationally recognized
investment banks selected by the Company.

     (d) Priority for Piggyback Registration. Notwithstanding any other provision of this
Agreement, if the managing underwriter of an underwritten public offering determines and advises
the Company and the Holder in writing that the inclusion of all Registrable Securities proposed to
be included by the Holder in the underwritten public offering would materially and adversely
interfere with the successful marketing of the Company’s securities, then the Holder shall not be
permitted to include any Registrable Securities in excess of the amount, if any, of Registrable
Securities that the managing underwriter of such underwritten public offering shall reasonably and
in good faith agree in writing to include in such public offering in addition to the amount of
securities to be registered for the Company and/or the Other Stockholders. The Company will be
obligated to include in such Registration Statement, as to the Holder, only a portion of the
Registrable Securities the Holder has requested be registered equal to the ratio which such
Holder’s requested Registrable Securities bears to the total shares of Common Stock requested to be
included in such Registration Statement by all Persons other than the Company and the Other
Stockholders who have requested that their shares of Common Stock be included in such Registration
Statement. The Holder acknowledges that pursuant to the foregoing provision, the securities to be
included in a registration initiated by the Company shall be allocated:

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          (i) first, to the Company and/or the Other Stockholders; and

          (ii) second, among the Holder and all other holders of securities of the Company with
piggyback registration rights.

     If as a result of the provisions of this Section 1.3(d), the Holder shall not be
entitled to include all of its Registrable Securities in a registration that it has requested to be
so included, the Holder may withdraw its request to include Registrable Securities in such
Registration Statement.

     (e) Underwritten Offering. In the event that the Proposed Registration by the Company
is, in whole or in part, an underwritten public offering of securities of the Company, any request
under this Section 1.3 shall specify that the Registrable Securities be included in the
underwriting on the same terms and conditions as the shares, if any, otherwise being sold through
underwriters under such registration.

     1.4 Form S-3 Registration. The Holder may make a one time request at any time that
the Company file a Registration Statement under the Securities Act on Form S-3 (or similar or
successor form), within thirty (30) days of such demand, covering the sale or other distribution of
all or any portion of the Registrable Securities held by the Holder pursuant to Rule 415 under the
Securities Act (“Form S-3 Demand”) if (i) the reasonably anticipated aggregate gross proceeds would
equal or exceed $5,000,000, (ii) the Company is a registrant qualified to use Form S-3 (or any
similar or successor form) to register such Registrable Securities and (iii) the plan of
distribution of the Registrable Securities is other than pursuant to an underwritten public
offering. If such conditions are met, the Company shall use its best efforts to register under the
Securities Act on Form S-3 (or any similar or successor form) at the earliest practicable date, for
sale in accordance with the method of disposition specified in the Form S-3 Demand, the number of
Registrable Securities specified in such Form S-3 Demand. In connection with a Form S-3 Demand,
the Company agrees to include in the prospectus included in any Registration Statement on Form S-3,
such material describing the Company and intended to facilitate the sale of securities being so
registered as is reasonably requested for inclusion therein by the Holder, whether or not the rules
applicable to preparation of Form S-3 require the inclusion of such information. In any
Registration Statement filed on Form S-3 (or similar or successor form), the Investor acknowledges
that some or all of the Existing Holders are entitled to include shares of common stock in such
Registration Statement pro rata with the Investor based on the number of shares requested to be
included in the Registration Statement, on a basis no less favorable to the Existing Holders than
that of the Holder. Notwithstanding the foregoing, if the Company shall furnish to the Holder a
certificate signed by the Chief Executive Officer and Chief Financial Officer of the Company
stating that in the good faith opinion of the Board of Directors of the Company, a Valid Business
Reason exists, the Company shall have the right to delay or defer taking action with respect to
such filing for a period of ninety (90) days after receipt of the Form S-3 Demand;
provided, however, that such right to delay or defer a Form S-3 Demand shall be
exercised by the Company not more than once in any twelve (12) month period, the Company shall only
have the right to delay a Form S-3 Demand so long as such Valid Business Reason exists, and during
such time the Company may not file a Registration Statement for securities to be issued and sold
for its own account or for that of anyone other than the Holder. A Form S-3 Demand will not be
deemed to be a Demand Request as described in Section 1.2 hereof.

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     Notwithstanding the foregoing, the Company shall not be obligated to file more than one (1)
Registration Statement on Form S-3 pursuant to this Section 1.4 in any given one (1) year
period.

     1.5 Registration Procedures.

     (a) Obligations of the Company. Whenever registration of Registrable Securities is
required pursuant to this Agreement, the Company shall use its best efforts to effect the
registration and sale of such Registrable Securities in accordance with the intended method of
distribution thereof as promptly as possible, and in connection with any such request, the Company
shall, as expeditiously as possible:

          (i) Preparation of Registration Statement; Effectiveness. Prepare and file with the
SEC (in any event not later than ninety (90) days after receipt of a Demand Request to file a
Registration Statement with respect to Registrable Securities, except as set forth in Section 1.2
(e)) a Registration Statement on any form on which the Company then qualifies, which counsel for
the Company shall deem appropriate and pursuant to which such offering may be made in accordance
with the intended method of distribution thereof (except that the Registration Statement shall
contain such information as may reasonably be requested for marketing or other purposes by the
managing underwriter), and use its best efforts to cause any registration required hereunder to
become effective as soon as practicable after the initial filing thereof and remain effective for a
period of not less than one hundred and eighty (180) days (or such shorter period in which all
Registrable Securities have been sold in accordance with the methods of distribution set forth in
the Registration Statement); provided, however, that, in the case of any
registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous
or delayed basis, such one hundred eighty (180) day period shall be extended, if necessary, to keep
the Registration Statement effective until all such Registrable Securities are sold,
provided that Rule 415, or any successor rule under the Securities Act, permits an offering
on a continuous or delayed basis;

          (ii) Participation in Preparation. Provide the Holder, any underwriter participating
in any disposition pursuant to a Registration Statement, and any attorney, accountant or other
agent retained by the Holder or underwriter in connection with the Registration Statement (each, an
“Inspector” and, collectively, the “Inspectors”), the opportunity to reasonably participate
(including, but not limited to, reviewing, commenting on and attending all meetings) in the
preparation of such Registration Statement, each prospectus included therein or filed with the SEC
and each amendment or supplement thereto (each Inspector shall act without unreasonable delay in
connection with its participation of the Registration Statement);

          (iii) Due Diligence. For a reasonable period prior to the filing of any Registration
Statement pursuant to this Agreement, make available for inspection and copying by the Inspectors
such financial and other information and books and records, pertinent corporate documents and
properties of the Company and its subsidiaries and cause the officers, directors, employees,
counsel and independent certified public accountants of the Company and its subsidiaries to respond
to such inquiries and to supply all information reasonably requested by any such Inspector in
connection with such Registration Statement, as shall be reasonably necessary, in the judgment of
the respective counsel referred to in Section 1.5(a)(ii), to conduct a reasonable
investigation within the meaning of the Securities Act;

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          (iv) General Notifications. Promptly notify in writing the Holder, the sales or
placement agent, if any, therefor and the managing underwriter of the securities being sold, (A)
when such Registration Statement or the prospectus included therein or any prospectus amendment or
supplement or post-effective amendment has been filed, and, with respect to any such Registration
Statement or any post-effective amendment, when the same has become effective, (B) when the SEC
notifies the Company whether there will be a “review” of such Registration Statement and (C) of any
comments (oral or written) by the SEC and by the blue sky or securities commissioner or regulator
of any state with respect thereto or (D) of any request by the SEC for any amendments or supplements to such Registration Statement or the
prospectus or for additional information;

          (v) 10b-5 Notification. Promptly notify in writing the Holder, the sales or placement
agent, if any, therefor and the managing underwriter of the securities being sold pursuant to any
Registration Statement at any time when a prospectus relating thereto is required to be delivered
under the Securities Act upon discovery that, or upon the happening of any event as a result of
which, any prospectus included in such Registration Statement (or amendment or supplement thereto)
contains an untrue statement of a material fact or omits to state any material fact required to be
stated therein or necessary to make the statements therein not misleading in light of the
circumstances under which they were made, and the Company shall promptly prepare a supplement or
amendment to such prospectus and file it with the SEC (in any event no later than ten (10) days
following notice of the occurrence of such event to the Holder, the sales or placement agent and
the managing underwriter) so that after delivery of such prospectus, as so amended or supplemented,
to investors of such Registrable Securities, such prospectus, as so amended or supplemented, shall
not contain an untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein not misleading in light of the
circumstances under which they were made;

          (vi) Notification of Stop Orders; Suspensions of Qualifications and Exemptions.
Promptly notify in writing the Holder, the sales or placement agent, if any, therefor and the
managing underwriter of the securities being sold of the issuance by the SEC of (A) any stop order
issued or threatened to be issued by the SEC or (B) any notification with respect to the suspension
of the qualification or exemption from qualification of any of the Registrable Securities for sale
in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and the
Company agrees to use commercially reasonable best efforts to (x) prevent the issuance of any such
stop order, and in the event of such issuance, to obtain the withdrawal of any such stop order and
(y) obtain the withdrawal of any order suspending or preventing the use of any related prospectus
or suspending the qualification of any Registrable Securities included in such Registration
Statement for sale in any jurisdiction at the earliest practicable date;

          (vii) Amendments and Supplements; Acceleration. Prepare and file with the SEC such
amendments, including post-effective amendments to each Registration Statement as may be necessary
to keep such Registration Statement continuously effective for the applicable time period required
hereunder and if applicable, file any Registration Statements pursuant to Rule 462(b) under the
Securities Act; cause the related prospectus to be supplemented by any required prospectus
supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then
in force) promulgated under the Securities Act; and comply with the provisions of the Securities
Act and the Exchange Act with respect to the disposition of all

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securities covered by such Registration Statement during such period in accordance with the
intended methods of disposition by the sellers thereof set forth in such Registration Statement as
so amended or in such prospectus as so supplemented. If the Holder so requests, to request
acceleration of effectiveness of the Registration Statement from the SEC and any post-effective
amendments thereto, if any are filed; provided that at the time of such request, the
Company does not in good faith believe that it is necessary to amend further the Registration
Statement in order to comply with the provisions of this subparagraph. If the Company wishes to
further amend the Registration Statement prior to requesting acceleration, it shall have five (5)
days to so amend prior to requesting acceleration;

          (viii) Copies. Furnish as promptly as practicable to the Holder and Inspector prior
to filing a Registration Statement or any supplement or amendment thereto, copies of such
Registration Statement, supplement or amendment as it is proposed to be filed, and after such
filing such number of copies of such Registration Statement, each amendment and supplement thereto
(in each case including all exhibits thereto), the prospectus included in such Registration
Statement (including each preliminary prospectus) and such other documents as the Holder or
underwriter may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by the Holder;

          (ix) Blue Sky. Use commercially reasonable efforts to, prior to any public offering
of the Registrable Securities, register or qualify (or seek an exemption from registration or
qualifications) such Registrable Securities under such other securities or blue sky laws of such
jurisdictions as the Holder or underwriter may request, and to continue such qualification in
effect in each such jurisdiction for as long as is permissible pursuant to the laws of such
jurisdiction, or for as long as the Holder or underwriter requests or until all of such Registrable
Securities are sold, whichever is shortest, and do any and all other acts and things which may be
reasonably necessary or advisable to enable the Holder to consummate the disposition in such
jurisdictions of the Registrable Securities;

          (x) Other Approvals. Use commercially reasonable efforts to obtain all other
approvals, consents, exemptions or authorizations from such governmental agencies or authorities as
may be necessary to enable the Holder and underwriters to consummate the disposition of Registrable
Securities;

          (xi) Agreements. Enter into customary agreements (including any underwriting
agreements in customary form), and take such other actions as may be reasonably required in order
to expedite or facilitate the disposition of Registrable Securities;

          (xii) “Cold Comfort” Letter. Obtain a “cold comfort” letter from the Company’s
independent public accountants in customary form and covering such matters of the type customarily
covered by “cold comfort” letters as the managing underwriter may reasonably request, and
reasonably satisfactory to the Holder;

          (xiii) Legal Opinion. Furnish, at the request of any underwriter of Registrable
Securities on the date such securities are delivered to the underwriters for sale pursuant to such
registration, an opinion, dated such date, of counsel representing the Company for the purposes of
such registration, addressed to the Holder, and the placement agent or sales agent, if any,

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thereof and the underwriters, if any, thereof, covering such legal matters with respect to the
registration in respect of which such opinion is being given as such underwriter may reasonably
request and as are customarily included in such opinions, and reasonably satisfactory to the
Holder;

          (xiv) SEC Compliance, Earnings Statement. Use its best efforts to comply with all
applicable rules and regulations of the SEC and make available to its shareholders, as soon as
reasonably practicable, but no later than fifteen (15) months after the effective date of any
Registration Statement, an earnings statement covering a period of twelve (12) months beginning
after the effective date of such Registration Statement, in a manner which satisfies the provisions
of Section 11(a) of the Securities Act and Rule 158 thereunder;

          (xv) Certificates, Closing. Provide officers’ certificates and other customary
closing documents reasonably necessary in connection with the Registration Statement, and in the
event of an underwritten offering, in connection with the delivery of the shares;

          (xvi) NASD. Cooperate with the Holder and each underwriter participating in the
disposition of such Registrable Securities and underwriters’ counsel in connection with any filings
required to be made with the NASD;

          (xvii) Listing. Use its best efforts to cause all such Registrable Securities to be
listed on each securities exchange on which similar securities issued by the Company are then
listed and if not so listed, to be listed on the NASD automated quotation system;

          (xviii) Transfer Agent, Registrar and CUSIP. Provide a transfer agent and registrar
for all Registrable Securities registered pursuant hereto and a CUSIP number for all such
Registrable Securities, in each case, no later than the effective date of such registration;

          (xix) Private Sales. Use its best efforts to assist the Holder in facilitating
private sales of Registrable Securities by, among other things, providing officers’ certificates
and other customary closing documents; and

          (xx) Commercially Reasonable Efforts. Use commercially reasonable efforts to take all
other actions necessary to effect the registration of the Registrable Securities contemplated
hereby.

     (b) Seller Information. The Company may require the Holder as to which any
registration of the Holder’s Registrable Securities is being effected to furnish to the Company
with such information regarding the Holder and the Holder’s method of distribution of such
Registrable Securities as the Company may from time to time reasonably request in writing.

     (c) Notice to Discontinue. The Holder whose Registrable Securities are covered by a
Registration Statement filed pursuant to this Agreement agrees that, upon receipt of written notice
from the Company of the happening of any event of the kind described in Section 1.5(a)(v),
the Holder shall forthwith discontinue the disposition of Registrable Securities until the Holder’s
receipt of the copies of the supplemented or amended prospectus contemplated by Section
1.5(a)(v) or until it is advised in writing by the Company that the use of the prospectus may
be resumed and has received copies of any additional or supplemental filings

11

 

which are incorporated by reference into the prospectus, and, if so directed by the Company in
the case of an event described in Section 1.5(a)(v), such Participating Holder shall
deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then
in the Holder’s possession, of the prospectus covering such Registrable Securities which is current
at the time of receipt of such notice. If the Company shall give any such notice, the Company
shall extend, if necessary to sell any remaining Registrable Securities, the period during which
such Registration Statement is to be maintained effective by the number of days during the period
from and including the date of the giving of such notice pursuant to Section 1.5(a)(v) to
and including the date when the Holder shall have received the copies of the supplemented or
amended prospectus contemplated by, and meeting the requirements of, Section 1.5(a)(v).

     1.6. Registration Expenses. Except as otherwise provided herein, all Registration
Expenses shall be borne by the Company. All Selling Expenses relating to Registrable Securities
registered by the Holder shall be borne by the Holder.

     1.7. Indemnification.

     (a) Indemnification by the Company. The Company agrees, notwithstanding termination
of this Agreement, to indemnify and hold harmless to the fullest extent permitted by law, the
Holder, each of its directors, officers, employees, advisors, agents and general or limited
partners (and the directors, officers, employees, advisors and agents thereof), their respective
Affiliates and each Person who controls (within the meaning of the Securities Act or the Exchange
Act) any of such Persons, and each underwriter and each Person who controls (within the meaning of
the Securities Act or the Exchange Act) any underwriter (collectively, “Holder Indemnified
Parties”) from and against any and all losses, claims, damages, expenses (including, without
limitation, reasonable costs of investigation and fees, disbursements and other charges of counsel,
any amounts paid in settlement effected with the Company’s consent, which consent shall not be
unreasonably withheld or delayed and any costs incurred in enforcing the Company’s indemnification
obligations hereunder) or other liabilities (collectively, “Losses”) to which any such Holder
Indemnified Party may become subject under the Securities Act, Exchange Act, any other federal law,
any state or common law or any rule or regulation promulgated thereunder or otherwise, insofar as
such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) are
resulting from or arising out of or based upon (i) any untrue, or alleged untrue, statement of a
material fact contained in any Registration Statement, prospectus or preliminary prospectus (as
amended or supplemented) or any document incorporated by reference in any of the foregoing or
resulting from or arising out of or based upon any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein (in the
case of a prospectus, in light of the circumstances under which they were made), not misleading or
(ii) any violation by the Company of the Securities Act, Exchange Act, any other federal law, any
state or common law or any rule or regulation promulgated thereunder or otherwise incident to any
registration, qualification or compliance and in any such case, the Company will promptly reimburse
each such Holder Indemnified Party for any legal and any other Losses reasonably incurred in
connection with investigating, preparing or defending any such claim, loss, damage, liability,
action or investigation or proceeding (collectively, a “Claim”); provided, however,
that the Company shall not be liable to any Holder Indemnified Party for any Losses that arise out
of or are based upon written information provided by a Holder Indemnified Party for use in the

12

 

Registration Statement. Such indemnity obligation shall remain in full force and effect
regardless of any investigation made by or on behalf of the Holder Indemnified Parties and shall
survive the transfer of Registrable Securities by such Holder Indemnified Parties.

     (b) Indemnification by Holder. In connection with any proposed registration in which
the Holder is participating pursuant to this Agreement, the Holder shall furnish to the Company in
writing such information with respect to the Holder as the Company may reasonably request or as may
be required by law for use in connection with any Registration Statement or prospectus or
preliminary prospectus to be used in connection with such registration and the Holder agrees to
indemnify and hold harmless the Company, any underwriter retained by the Company and their
respective directors, officers, employees, advisors, agents and general or limited partners (and
the directors, officers, employees, advisors and agents thereof), their respective Affiliates and
each Person who controls (within the meaning of the Securities Act or the Exchange Act) any of such
Persons to the same extent as the foregoing indemnity from the Company to the Holder as set forth
in Section 1.7(a) (subject to the exceptions set forth in the foregoing indemnity, the
proviso to this sentence and applicable law), but only with respect to any such information
furnished by the Holder in writing for use in the Registration Statement; provided,
however, that the liability of the Holder under this Section 1.7(b) shall be
limited to the amount of the net proceeds received by the Holder in the offering giving rise to
such liability. Such indemnity obligation shall remain in full force and effect regardless of any
investigation made by or on behalf of the Holder Indemnified Parties and shall survive the transfer
of Registrable Securities by the Holder.

     (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification
hereunder (the “Indemnified Party”) agrees to give prompt written notice to the indemnifying party
(the “Indemnifying Party”) after the receipt by the Indemnified Party of any written notice of the
commencement of any action, suit, proceeding or investigation or threat thereof made in writing for
which the Indemnified Party intends to claim indemnification or contribution pursuant to this
Agreement; provided, however, that, the failure so to notify the Indemnifying Party
shall not relieve the Indemnifying Party of any liability that it may have to the Indemnified Party
hereunder unless and to the extent such Indemnifying Party is materially prejudiced by such
failure. If notice of commencement of any such action is given to the Indemnifying Party as above
provided, the Indemnifying Party shall be entitled to participate in and, to the extent it may
wish, jointly with any other Indemnifying Party similarly notified, to assume the defense of such
action at its own expense, with counsel chosen by it and reasonably satisfactory to such
Indemnified Party. The Indemnified Party shall have the right to employ separate counsel in any
such action and participate in the defense thereof, but the fees and expenses of such counsel shall
be paid by the Indemnified Party unless (i) the Indemnifying Party agrees to pay the same, (ii) the
Indemnifying Party fails to assume the defense of such action with counsel satisfactory to the
Indemnified Party in its reasonable judgment or (iii) the named parties to any such action
(including, but not limited to, any impleaded parties) reasonably believe that the representation
of such Indemnified Party and the Indemnifying Party by the same counsel would be inappropriate
under applicable standards of professional conduct. In the case of clause (ii) above and (iii)
above, the Indemnifying Party shall not have the right to assume the defense of such action on
behalf of such Indemnified Party. No Indemnifying Party shall be liable for any settlement entered
into without its written consent, which consent shall not be unreasonably withheld. No
Indemnifying Party shall, without the written consent of the Indemnified Party,

13

 

effect the settlement or compromise of, or consent to the entry of any judgment with respect
to, any pending or threatened action or claim in respect of which indemnification or contribution
may be sought hereunder (whether or not the Indemnified Party is an actual or potential party to
such action or claim) unless such settlement, compromise or judgment (A) includes an unconditional
release of the Indemnified Party from all liability arising out of such action or claim and (B)
does not include a statement as to, or an admission of, fault, culpability or a failure to act by
or on behalf of any Indemnified Party. The rights afforded to any Indemnified Party hereunder
shall be in addition to any rights that such Indemnified Party may have at common law, by separate
agreement or otherwise.

     (d) Contribution. If the indemnification provided for in this Section 1.7
from the Indemnifying Party is unavailable or insufficient to hold harmless an Indemnified Party in
respect of any Losses referred to herein, then the Indemnifying Party, in lieu of indemnifying the
Indemnified Party, shall contribute to the amount paid or payable by the Indemnified Party as a
result of such Losses in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party and the Indemnified Party, as well as any other relevant equitable
considerations. The relative faults of the Indemnifying Party and Indemnified Party shall be
determined by reference to, among other things, whether any action in question, including any
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact, was made by, or relates to information supplied by, such Indemnifying Party or
Indemnified Party, and the Indemnifying Party’s and Indemnified Party’s relative intent, knowledge,
access to information and opportunity to correct or prevent such action; provided,
however, that the liability of the Holder under this Section 1.7(d) shall be
limited to the amount of the net proceeds received by the Holder in the offering giving rise to
such liability. The amount paid or payable by a party as a result of the Losses or other
liabilities referred to above shall be deemed to include, subject to the limitations set forth in
Sections 1.7(a), 1.7(b) and 1.7(c), any legal or other fees, charges or
expenses reasonably incurred by such party in connection with any investigation or proceeding.

     The parties agree that it would not be just and equitable if contribution pursuant to this
Section 1.7(d) were determined by pro rata allocation or by any other method of allocation
which does not take account of the equitable considerations referred to in the immediately
preceding paragraph. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this Section
1.7(d).

     1.8 Rule 144 and Rule 144A; Other Exemptions. With a view to making available to the
Holder the benefits of Rule 144 and Rule 144A promulgated under the Securities Act and other rules
and regulations of the SEC that may at any time permit the Holder to sell securities of the Company
to the public without registration, the Company covenants that it shall (i) file in a timely manner
all reports and other documents required to be filed by it under the Securities Act and the
Exchange Act and the rules and regulations adopted by the SEC thereunder and (ii) take such further
action as the Holder may reasonably request (including, but not limited to, providing any
information necessary to comply with Rule 144 and Rule 144A, if available with respect to resales
of the Registrable Securities under the Securities Act), all to the extent required from time to
time to enable such Holder to sell Registrable Securities without

14

 

registration under the Securities Act within the limitation of the exemptions provided by (x) Rule
144 and Rule 144A (if available with respect to resales of the Registrable Securities) under the
Securities Act, as such rules may be amended from time to time or (y) any other rules or
regulations now existing or hereafter adopted by the SEC. Upon the written request of the Holder,
the Company shall deliver to the Holder a written statement as to whether it has complied with such
requirements.

     1.9 Certain Limitations On Registration Rights. The Holder may not participate in any
Registration Statement hereunder unless the Holder completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements, and other documents reasonably required
under the terms of such underwriting arrangements and agrees to sell the Holder’s Registrable
Securities on the basis provided in any underwriting agreement approved by the Holder entitled
hereunder to approve such arrangements; provided, however, that the Holder shall
not be required to make any representations or warranties to the Company or the underwriters in
connection with any such registration other than representations and warranties as to (i) the
Holder’s ownership of its Registrable Securities to be sold or transferred, (ii) the Holder’s
power and authority to effect such transfer and (iii) such matters pertaining to compliance with
securities laws as may be reasonably requested. The Holder of Registrable Securities to be sold by
such underwriters may, at their option, require that any or all of the representations and
warranties by, and the other agreements on the part of the Company to and for the benefit of such
underwriters, shall also be made to and for the benefit of the Holder and that any or all of the
conditions precedent to the obligations of the underwriters under the underwriting agreement be
conditions precedent to the obligations of the Holder.

     1.10 Transfer of Registration Rights. The rights of the Holder hereunder may be
transferred or assigned in connection with a transfer of Registrable Securities to (i) any
Affiliate of the Holder, (ii) any successor, subsidiary, parent, partner, limited partner,
shareholder or member of the Holder or (iii) any single party to a transaction who, after such
transaction, holds all of the Registrable Securities held by the Holder (as adjusted for any stock
dividends, stock splits, combinations and reorganizations and similar events). Notwithstanding the
foregoing, such rights may only be transferred or assigned provided that all of the following
additional conditions are satisfied: (a) such transfer or assignment is effected in accordance
with applicable securities laws; (b) such transferee or assignee agrees in writing to become
subject to the terms of this Agreement; and (c) the Company is given written notice by the Holder
of such transfer or assignment, stating the name and address of the transferee or assignee and
identifying the Registrable Securities with respect to which such rights are being transferred or
assigned.

     1.11 Restriction on Public Sales. Investor agrees that it shall not effect any public
sale or distribution of any securities of the Company from the date the Company receives a written
demand from any of the Existing Holders to file a demand registration statement until permitted by
the underwriter participating in such demand registration statement, but not more than ninety (90)
days from the effective date of such demand registration statement, provided that the Company is
subject to such restrictions. The forgoing restriction shall not apply to the extent that shares
of Common Stock owned by the Investor are included in such demand registration statement.

15

 

Article II

Miscellaneous Provisions

     2.1 Notices. Except as expressly set forth to the contrary in this Agreement, all
notices, requests, or consents provided for or permitted to be given under this Agreement must be
in writing and must be given either by depositing that writing in the United States mail, addressed
to the recipient, postage paid, and registered or certified with return receipt requested or by
delivering that writing to the recipient in person, by overnight delivery or courier, or by
facsimile transmission; and a notice, request, or consent given under this Agreement is effective
on receipt by the party to receive it. All notices, requests, and consents to be sent to a party
must be sent to or made at the address previously given by that party or such other address as that
party may specify by notice to the other party. Any notice, request, or consent must be given at
the following addresses:

	 	 	 
	If to the Company:

	 	NationsHealth, Inc.

Attn: Chief Executive Officer

13650 NW 8th Street

Suite 109

Sunrise, FL 33325
	 
	 	 
	with a copy to:

	 	Ira J. Coleman, Esq.

McDermott Will & Emery

201 South Biscayne Boulevard, 22nd Floor

Miami, FL 33131
	 
	 	 
	If to Investor:

	 	US Bioservices Corporation

Attn: President

309 Henderson Drive

Sharon Hill, PA 19079
	 
	 	 
	with a copy to:

	 	AmerisourceBergen Corporation

Attn: General Counsel

1300 Morris Drive, Suite 100

Chesterbrook, PA 19087

Whenever any notice is required to be given by law or this Agreement, a written waiver thereof,
signed by the party entitled to notice, whether before or after the time stated therein, shall be
deemed equivalent to the giving of such notice.

     2.2 Entire Agreement. Each of the parties agrees that this Agreement, including the
other documents referred to herein, (i) constitutes the entire agreement and supersedes all prior
and contemporaneous agreements, understandings, negotiations and discussions, whether oral or
written, among the parties with respect to the subject matter of this Agreement, and (ii) is not
intended to confer any rights or remedies, or impose any obligations, on any person other than the
parties hereto. Each of the parties expressly agrees and acknowledges that, other than those
statements expressly set forth in this Agreement, it is not relying on any statement, whether oral

16

 

or written, of any person or entity with respect to its entry into this Agreement or to the
consummation of the transactions contemplated by this Agreement.

     2.3 Effect of Waiver or Consent. A waiver or consent, express or implied, to or of
any breach or default by any party in the performance by that party of its obligations is not a
consent or waiver to or of any other breach or default in the performance by that party of any
other obligations of that party. Failure on the part of a party to complain of any act of any
party or to declare any party in default, irrespective of how long that failure continues, does not
constitute a waiver by that party of its rights with respect to that default until the applicable
statute of limitations period has run.

     2.4 Amendment or Modification. This Agreement may be amended or modified from time to
time only by a written instrument executed by the Company and Investor.

     2.5 Governing Law. This Agreement is governed by and shall be construed in accordance
with the law of the State of Delaware, excluding any conflict of laws rule or principle that might
refer the governance or the construction of this Agreement to the law of another jurisdiction.

     2.6 Illegal or Invalid Provisions. If any provision of this Agreement is held to be
illegal, invalid, or unenforceable under present or future laws, such provision shall be fully
severable. This Agreement shall be construed and enforced as if such illegal, invalid, or
unenforceable provision had never comprised a part of this Agreement, and the remaining provisions
of this Agreement shall remain in full force and effect and shall not be affected by the illegal,
invalid, or unenforceable provision or by its severance from this Agreement. Furthermore, in lieu
of each such illegal, invalid, or unenforceable provision, there shall be added automatically, as a
part of this Agreement, a provision as similar in terms to such illegal, invalid, or unenforceable
provision as may be possible and be legal, valid and enforceable.

     2.7 Further Assurances. In connection with this Agreement and the transactions
contemplated hereby, each party shall execute and deliver any additional documents and instruments
and perform any additional acts that may be necessary or appropriate to effectuate and perform the
provisions of this Agreement and those transactions.

     2.8 Attorneys’ Fees. If any action at law or in equity is necessary to enforce or
interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable
attorneys’ fees, costs and disbursements in addition to any other relief to which such party may be
entitled.

     2.9 Counterparts. This Agreement may be executed in any number of counterparts with
the same effect as if all signing parties had signed the same document. All counterparts shall be
construed together and constitute the same instrument.

17

 

     IN WITNESS WHEREOF, the undersigned have executed this Agreement effective as of the Closing.

	 	 	 	 	 
	US Bioservices Corporation 

 	 
	By:  	/s/ Mike Mullen
 	 
	 	Name:  	Mike Mullen                                  	 
	 	Title:  	President 	 
	 

	 	 	 	 	 
	NationsHealth, Inc.

 	 
	By:  	/s/ Glenn M. Parker
 	 
	 	Name:  	Glenn M. Parker 	 
	 	Title:  	CEO 	 
	 

18<PAGE>

                                                                  EXHIBIT 10.108

                      LIMITED WAIVER AND JOINDER AGREEMENT

      This LIMITED WAIVER AND JOINDER AGREEMENT (this "Agreement"), dated as of
July 31, 2005 (the "Effective Date"), is made and entered into by and among
GOODY'S FAMILY CLOTHING, INC., a Tennessee corporation ("GFC"), SYDOOG, LLC, a
Delaware limited liability company ("SYDOOG"), TREBOR OF TN, LLC, a Tennessee
limited liability company ("TREBOR"), GOFAMCLO, LLC, a Delaware limited
liability company ("GOFAMCLO"), GFCFS, LLC, a Delaware limited liability company
("GFCFS"), GOODY'S MS, L.P., a Tennessee limited partnership ("GMS"), GOODY'S
IN, L.P., a Tennessee limited partnership ("GIN"), GFCTX, L.P., a Tennessee
limited partnership ("GFCTX"), GFCTN, L.P., a Tennessee limited partnership
("GFCTN"), GFCGA, L.P., a Tennessee limited partnership ("GFCGA" and together
with GFC, SYDOOG, TREBOR, GOFAMCLO, GFCFS, GMS, GIN, GFCTX and GFCTN,
collectively, the "Borrowers"), GOODY'S HOLDING TN, LLC, a Tennessee limited
liability company ("GFCH"), GOODY'S TNDC, L.P., a Tennessee limited partnership
("TNDC"), GOODY'S ARDC, L.P., a Tennessee limited partnership ("ARDC"), GOODY'S
RETAIL MS, L.P., a Tennessee limited partnership ("GRMS," and together with
GFCH, TNDC and ARDC, collectively, the "New Borrowers"), GOODY'S GIFTCO, LLC, a
Virginia limited liability company ("Giftco"), GFC AIRCRAFT HOLDINGS, INC., a
Tennessee corporation ("GFC-Holdings"), GFC AIRCRAFT LEASING, LLC, a Delaware
limited liability company ("GFC-Leasing"), GFC PROFESSIONAL SERVICES, LLC, a
Tennessee limited liability company ("GFC-Services"), GFC AIRCRAFT MANAGEMENT,
LLC, a Tennessee limited liability company ("GFC-Management," and together with
Giftco, GFC-Holdings, GFC-Leasing and GFC-Services, collectively, the
"Guarantors," and Borrowers, the New Borrowers and the Guarantors shall be
referred to herein collectively as the "Credit Parties"), the financial
institutions party to the Loan Agreement (as hereinafter defined) from time to
time (collectively, the "Lenders"), and THE CIT GROUP/BUSINESS CREDIT INC., a
New York corporation, as Lender and Agent for the Lenders ("Agent").

                                   WITNESSETH:

      WHEREAS, Borrowers, the Lenders and Agent are parties to that certain Loan
and Security Agreement, dated as of May 31, 2001 (as amended by (i) the First
Amendment, (ii) the Second Amendment, (iii) the Third Amendment, and (iv) that
certain Joinder Agreement and Fourth Amendment, dated as of March 16, 2005,
collectively, the "Loan Agreement"; capitalized terms used but not otherwise
defined herein shall have the respective meanings ascribed to such terms in the
Loan Agreement), pursuant to which the Lenders have extended a revolving credit
loan facility to Borrowers in the principal amount of $130,000,000, secured by
the Collateral;

      WHEREAS, Borrowers desire for Agent and the Lenders to waive any Defaults
and/or Events of Default arising, or which may hereafter arise, pursuant to
Section 9.1 of the Loan Agreement in connection with the conversion by TREBOR
from a corporation into a limited liability company (the "TREBOR Conversion"),
and Agent and the Lenders are willing to grant such waiver, subject to the terms
and conditions set forth herein; and

                                       1
<PAGE>

                                                                  EXHIBIT 10.108

      WHEREAS, Borrowers desire for Agent and the Lenders to waive any Defaults
and/or Events of Default arising, or which may hereafter arise, pursuant to
Section 9.1 of the Loan Agreement in connection with the conversion by SYDOOG
from a corporation into a limited liability company (the "SYDOOG Conversion"),
and Agent and the Lenders are willing to grant such waiver, subject to the terms
and conditions set forth herein; and

      WHEREAS, Borrowers desire for Agent and the Lenders to waive any Defaults
and/or Events of Default arising, or which may hereafter arise, pursuant to
Section 9.1 of the Loan Agreement in connection with the conversion by GOFAMCLO
from a corporation into a limited liability company (the "GOFAMCLO Conversion"
and together with the TREBOR Conversion and the SYDOOG Conversion, collectively,
the "LLC Conversions"), and Agent and the Lenders are willing to grant such
waiver, subject to the terms and conditions set forth herein; and

      WHEREAS, Borrowers desire for Agent and the Lenders to waive any Defaults
and/or Events of Default arising, or which may hereafter arise, pursuant to
Section 11.7 of the Loan Agreement in connection with GFC's transfer and/or
distribution of certain of its assets more particularly described on Schedule 1
hereto to GMS (the "GFC Asset Transfer"), and Agent and the Lenders are willing
to grant such waiver, subject to the terms and conditions set forth herein; and

      WHEREAS, Borrowers desire for Agent and the Lenders to waive any Defaults
and/or Events of Default arising, or which may hereafter arise, pursuant to
Section 11.7 of the Loan Agreement in connection with GMS' transfer and/or
distribution of (i) certain of its assets more particularly described on
Schedule 2 hereto to GRMS, (ii) certain of its assets more particularly
described on Schedule 3 hereto to TNDC, and (iii) certain of its assets more
particularly described on Schedule 4 hereto to ARDC (collectively, the "GMS
Asset Transfers" and together with the GFC Asset Transfer, collectively, the
"Asset Transfers"), and Agent and the Lenders are willing to grant such waiver,
subject to the terms and conditions set forth herein; and

      WHEREAS, Borrowers desire for Agent to confirm, pursuant to the definition
of "Permitted Investments" and Section 11.4 of the Loan Agreement, that
Borrowers have executed and delivered to Agent all of the documents, and have
taken all of the actions, requested by Agent in connection with GMS' formation
and capitalization of GFCH (such formation and capitalization, the "GFCH
Formation"), and Agent is willing to so confirm, subject to the terms and
conditions set forth herein; and

      WHEREAS, Borrowers desire for Agent to confirm, pursuant to the definition
of "Permitted Investments" and Section 11.4 of the Loan Agreement, that
Borrowers have executed and delivered to Agent all of the documents, and have
taken all of the actions, requested by Agent in connection with GMS' and GFCH's
formation and capitalization of TNDC (such formation and capitalization, the
"TNDC Formation"), and Agent is willing to so confirm, subject to the terms and
conditions set forth herein; and

         WHEREAS, Borrowers desire for Agent to confirm, pursuant to the
definition of "Permitted Investments" and Section 11.4 of the Loan Agreement,
that Borrowers have executed and delivered to Agent all of the documents, and
have taken all of the actions, requested by

                                       2
<PAGE>

                                                                  EXHIBIT 10.108

Agent in connection with GMS' and TREBOR's formation and capitalization of ARDC
(such formation and capitalization, the "ARDC Formation"), and Agent is willing
to so confirm, subject to the terms and conditions set forth herein; and

      WHEREAS, Borrowers desire for Agent to confirm, pursuant to the definition
of "Permitted Investments" and Section 11.4 of the Loan Agreement, that
Borrowers have executed and delivered to Agent all of the documents, and have
taken all of the actions, requested by Agent in connection with GMS' and
TREBOR's formation and capitalization of GRMS (such formation and
capitalization, the "GRMS Formation"), and Agent is willing to so confirm,
subject to the terms and conditions set forth herein; and

      WHEREAS, each New Borrower has derived or expects to derive a financial or
other benefit from the obligations incurred and to be incurred by Borrowers
under the Loan Documents, and as a result thereof, each New Borrower has agreed
to become obligated to Agent and Lenders under the Loan Agreement and the other
Loan Documents, all in accordance with the terms and conditions set forth
herein;

      NOW, THEREFORE, for and in consideration of the foregoing premises, and
other good and valuable consideration, the receipt, sufficiency and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows:

      1.    Limited Waivers.

      (a)   Specified Waivers. Subject to the terms and conditions set forth
herein (including, without limitation, the conditions precedent set forth in
Section 4 herein), Agent and Lenders hereby waive any Defaults and/or Events of
Default arising, or which may hereafter arise, solely as a result of Borrowers'
failure to comply with the following (collectively, the "Specified Waivers"):

            (i) Section 9.1 of the Loan Agreement solely as a result of the LLC
      Conversions, provided that (A) the LLC Conversions are consummated in
      accordance with the articles of incorporation, by-laws and other governing
      documents of each of TREBOR, GOFAMCLO and SYDOOG and applicable law
      (including without limitation, (I) the corporate code of the State of
      Tennessee, with respect to TREBOR, and (II) the corporate code of the
      State of Delaware, with respect to GOFAMCLO and SYDOOG), (B) not more than
      five (5) Business Days after the consummation of the LLC Conversions, each
      of TREBOR, GOFAMCLO and SYDOOG (in each case, as converted) shall deliver
      to Agent a Manager's Certificate, substantially in the form of Exhibit A
      attached hereto, with an original execution signature thereon from the
      manager or the sole member, as the case may be, of each of TREBOR,
      GOFAMCLO and SYDOOG, and (C) not more than five (5) Business Days after
      the consummation of the LLC Conversions, each of TREBOR, GOFAMCLO and
      SYDOOG (in each case, as converted) shall deliver to Agent a Reaffirmation
      Agreement, substantially in the form of Exhibit C attached hereto, with an
      original execution signature thereon from each of TREBOR, GOFAMCLO and
      SYDOOG; and

                                       3
<PAGE>

                                                                  EXHIBIT 10.108

            (ii) Section 11.7 of the Loan Agreement solely as a result of the
      Asset Transfers, provided that (A) GFC transfers and/or distributes
      certain of its assets more particularly described on Schedule 1 hereto to
      GMS, (B) GMS transfers and/or distributes certain of its assets more
      particularly described on Schedule 2 hereto to GRMS, (C) GMS transfers
      and/or distributes certain of its assets more particularly described on
      Schedule 3 hereto to TNDC, and (D) GMS transfers and/or distributes
      certain of its assets more particularly described on Schedule 4 hereto to
      ARDC.

      (b)   Limited Effect. The limited waivers granted herein shall be limited
to those Defaults and/or Events of Default, if any, arising, or which may
hereafter arise, solely as a result of the Specified Waivers and shall not apply
to any past, present or future Defaults or Events of Default caused by any other
breach or violation of any provision of the Loan Agreement or any other Loan
Document. Agent's and Lenders' agreement to grant the waivers set forth herein
does not and shall not create (nor shall any Credit Party rely upon the
existence of or claim or assert that there exists) any obligation of Agent or
any Lender to consider or agree to any further waivers. In the event that Agent
or any Lender subsequently agree to consider any further waiver, neither the
waivers set forth herein nor any other conduct of Agent or any Lender shall be
of any force or effect on Agent's or any Lender's consideration or decision with
respect thereto, and Agent and Lenders shall have no further obligation
whatsoever to consider or agree to further waivers. Except for the Specified
Waivers, Agent and Lenders expressly reserve the right to require strict
compliance with the terms of the Loan Agreement and the other Loan Documents in
all respects. The waivers granted herein shall not constitute a course of
dealing at variance with the Loan Agreement or the other Loan Documents so as to
require further notice by Agent or any Lender to require strict compliance with
the terms of the Loan Agreement and the other Loan Documents in the future.

      2.    Confirmation. Subject to the terms and conditions set forth herein
(including, without limitation, the conditions precedent set forth in Section 4
herein), Agent hereby confirms, pursuant to the definition of "Permitted
Investments" and Section 11.4 of the Loan Agreement, that Borrowers have
executed and delivered to Agent all of the documents, and have taken all of the
actions, requested by Agent in connection with the GFCH Formation, the TNDC
Formation, the ARDC Formation and the GRMS Formation.

      3.    Joinder of New Borrowers. Each New Borrower hereby irrevocably
acknowledges and agrees that (a) it is a "Borrower" within the meaning of, and
subject to, the Loan Agreement and each other Loan Document, and (b) each
reference to "Borrower" or "Borrowers" in the Loan Agreement or any other Loan
Document shall include such New Borrower. Each New Borrower shall be and hereby
agrees to be bound by each Loan Document as if a signatory to each such Loan
Document on the Closing Date (or on any other date on which any other Loan
Document was executed), and each New Borrower shall comply with, and be subject
to, all of the terms, conditions, covenants, agreements and obligations set
forth in each such Loan Document. Each New Borrower acknowledges that it has
received a copy of each of the Loan Documents and that it has read and
understands the terms thereof. Without limiting the foregoing, each New Borrower
hereby acknowledges and agrees that, pursuant to and subject to the conditions
of Section 7.2(c) of the Loan Agreement, Agent is hereby authorized to file one
or more financing statements, without the signature of such New Borrower, naming
such New

                                       4
<PAGE>

                                                                  EXHIBIT 10.108

Borrower as "debtor," Agent and/or Lenders as "secured party," and describing
the "collateral" therein as the Collateral, in each New Borrower's jurisdiction
of organization and any other jurisdictions that Agent determines, in its
reasonable discretion, are necessary to perfect Agent's and the Lenders'
security interests in and Lien upon the Collateral.

      4.    Conditions Precedent. The effectiveness of this Agreement is subject
to the following conditions precedent:

      (a)   Executed Agreement. Each Borrower (including each New Borrower) and
each Guarantor shall have delivered to Agent an original execution signature
hereon from each Credit Party.

      (b)   GFCH Manager's Certificate. GFCH shall have delivered to Agent a
Manager's Certificate, substantially in the form of Exhibit A attached hereto,
with an original execution signature thereon from the manager or the sole
member, as the case may be, of GFCH, dated as of the Effective Date.

      (c)   TNDC General Partner's Certificate. TNDC shall have delivered to
Agent a General Partner's Certificate, substantially in the form of Exhibit B
attached hereto, with an original execution signature thereon from the general
partner of TNDC, dated as of the Effective Date.

      (d)   ARDC General Partner's Certificate. ARDC shall have delivered to
Agent a General Partner's Certificate, substantially in the form of Exhibit B
attached hereto, with an original execution signature thereon from the general
partner of ARDC, dated as of the Effective Date.

      (e)   GRMS General Partner's Certificate. GRMS shall have delivered to
Agent a General Partner's Certificate, substantially in the form of Exhibit B
attached hereto, with an original execution signature thereon from the general
partner of GRMS, dated as of the Effective Date.

      (f)   Original Revolving Credit Notes. Borrowers (including New Borrowers)
shall have delivered to Agent a Revolving Credit Note payable to the order of
each Lender in the principal amount of each Lender's Commitment Percentage with
original execution signatures thereon from each Borrower (including each New
Borrower).

      (g)   Insurance. Borrowers shall have delivered to Agent evidence
reasonably satisfactory to Agent that each New Borrower is covered by the
insurance required to be maintained under Section 8.6 of the Loan Agreement.

      (h)   Disclosure Schedules. Borrowers (including New Borrowers) shall have
delivered to Agent any amendments, supplements or modifications to the
disclosure schedules to the Loan Agreement required by the transactions
contemplated hereunder (the "New Schedules"), which shall be in form and
substance satisfactory to Agent and shall be incorporated in and made a part of
the disclosure schedules to the Loan Agreement.

                                       5
<PAGE>

                                                                  EXHIBIT 10.108

      (i)   Opinion of Counsel. Borrowers shall have delivered to Agent an
opinion letter, in form and substance reasonably satisfactory to Agent, from New
Borrower's counsel.

      5.    Further Assurances. Each Credit Party agrees to execute and deliver
all other documents and to take all other actions that Agent or any Lender may
reasonably request from time to time to evidence and/or accomplish the
agreements set forth herein. Without limiting the foregoing, in the event that
any New Schedules reflect matters that, in Agent's sole discretion, require
further amendment, supplementation or modification of the Loan Agreement or any
other Loan Document or any new Loan Documents (including, without limitation,
(i) any new Blocked Account Agreements or amendments to any existing Blocked
Account Agreements, and (ii) any new Warehouseman Agreements or amendments to
any existing Warehouseman Agreements) (each, a "Further Document"), then
Borrowers (including New Borrowers), upon the request of Agent from time to
time, shall execute and deliver to Agent any such Further Document, which shall
be in form and substance reasonably satisfactory to Agent.

      6.    Representations and Warranties.

      (a)   Each Credit Party hereby confirms that each representation and
warranty made or deemed made by it under the Loan Documents is true, complete
and correct in all material respects as of the Effective Date, except to the
extent such representations and warranties (i) expressly relate solely to an
earlier date, in which case such representations and warranties shall have been
true, complete and correct on and as of such earlier date, and (ii) are subject
to qualification from the New Schedules, in which case, after the delivery
thereof, such representations and warranties shall be true, complete and
correct.

      (b)   Each Credit Party hereby represents and warrants to Agent and each
Lender that, (i) both before and after giving effect to this Agreement, no
Default or Event of Default has occurred and is continuing under the Loan
Documents; (ii) as of the Effective Date, there are no known claims or offsets
against or defenses or counterclaims to any of the Secured Obligations; and
(iii) this Agreement, the Loan Agreement and the other Loan Documents evidence
and contain the legal, valid and binding obligations of such Credit Party,
enforceable against such Credit Party in accordance with their respective terms,
except as enforceability may be limited by bankruptcy or similar proceedings and
by general principles of equity.

      7.    Release. As a material inducement to Agent and Lenders to enter into
this Agreement and to continue to make Revolving Credit Loans under the
Revolving Credit Facility, all in accordance with and subject to the terms and
conditions of this Agreement and the Loan Documents, and all of which are to the
direct advantage and benefit of each Credit Party, each Credit Party, for itself
and its successors and assigns, (a) hereby remises, releases, waives,
relinquishes, acquits, satisfies and forever discharges Agent and each Lender,
and all of their respective past, present and future officers, directors,
employees, agents, attorneys, representatives, participants, heirs, successors
and assigns (collectively, the "Discharged Parties" and each, a "Discharged
Party"), from, other than the gross negligence or willful misconduct of any
Discharged Party as finally determined by a court of competent jurisdiction, any
and all manner of debts, accountings, bonds, warranties, representations,
covenants, promises, contracts,

                                       6
<PAGE>

                                                                  EXHIBIT 10.108

controversies, agreements, liabilities, obligations, expenses, damages,
judgments, executions, actions, claims, counterclaims, demands, defenses,
setoffs, objections and causes of action of any nature whatsoever, whether at
law or in equity, either now accrued or hereafter maturing and whether known or
unknown (including, but not limited to, any and all claims which may be based on
allegations of breach of contract, failure to lend, fraud, promissory estoppel,
libel, slander, usury, negligence, misrepresentation, breach of fiduciary duty,
lender malpractice, undue influence, duress, tortious interference with
contractual relations, interference with management, or misuse of control) which
any Credit Party now has or hereafter can, shall or may have by reason of any
matter, cause or thing occurring on or prior to the Effective Date arising out
of, in connection with or relating to (i) the Secured Obligations, including,
but not limited to, the administration or funding thereof, (ii) any of the Loan
Documents or the indebtedness evidenced and secured thereby, or (iii) any other
agreement or transaction between any Credit Party and any Discharged Party
relating to or in connection with the Loan Documents or the transactions
contemplated therein; and (b) hereby covenants and agrees never to institute or
cause to be instituted or continue prosecution of any suit or other form of
action or proceeding of any kind or nature whatsoever against any Discharged
Party, by reason of or in connection with any of the foregoing (other than the
gross negligence or willful misconduct of any Discharged Party as finally
determined by a court of competent jurisdiction); provided, however, that the
foregoing release and covenant not to sue shall not apply to any claims arising
after the Effective Date with respect to acts, occurrences or events after the
Effective Date.

      8.    Expenses. Borrowers (including New Borrowers) jointly and severally
agree to pay on demand all reasonable costs and expenses of Agent and Lenders in
connection with the preparation, execution, delivery and enforcement of this
Agreement and all other documents and any other transactions contemplated hereby
(including, without limitation, the reasonable fees and expenses of legal
counsel to Agent and Lenders). Borrowers (including New Borrowers) authorize
Agent to charge the foregoing costs and expenses to Borrowers' Loan Account by
increasing the principal amount of the Revolving Credit Loans by the amount of
such costs and expenses.

      9.    Miscellaneous. Except as expressly set forth herein, the Loan
Agreement and the other Loan Documents shall be and remain in full force and
effect. This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of, and the decisions of the courts in, the State of
Georgia, excluding the application of its conflicts of law provisions. Whenever
possible, each provision of this Agreement shall be interpreted in a manner so
as to be valid and enforceable under applicable law, but if any provision of
this Agreement shall be determined by a court of competent jurisdiction to be
invalid or unenforceable under applicable law, such provision shall be
ineffective to the extent so determined, without affecting the remainder of such
provision or the remaining provisions of this Agreement. This Agreement shall be
binding upon, and inure to the benefit of, the successors and permitted assigns
of the parties hereto; provided, however, that no Credit Party may assign or
otherwise transfer this Agreement, or any of its rights hereunder, without the
prior written consent of Agent. The headings used in this Agreement are inserted
for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement. This Agreement may be executed in multiple
counterparts and by different parties hereto in separate counterparts (any of
which may be delivered via facsimile), each of which, when so executed and
delivered, shall be deemed to

                                       7
<PAGE>

                                                                  EXHIBIT 10.108

be an original and all of which counterparts, when taken together, shall
constitute one and the same Agreement.

                   [signatures appear on the following pages]

                                       8
<PAGE>

                                                                  EXHIBIT 10.108

      IN WITNESS WHEREOF, Borrowers (including New Borrowers), Guarantors, Agent
and Lenders have caused this Agreement to be executed and delivered by their
respective duly authorized representatives as of the Effective Date.

                                       BORROWERS:

                                       GOODY'S FAMILY CLOTHING, INC.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       SYDOOG, LLC

                                       By: _________________________________
                                       Name: _______________________________
                                       Title: _______________________________

                                       TREBOR OF TN, LLC

                                       By: _________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       GOFAMCLO, LLC

                                       By: _________________________________
                                       Name: _______________________________
                                       Title: _______________________________

                                       GFCFS, LLC

                                       By: _________________________________
                                       Name: _______________________________
                                       Title: _______________________________

                  [signatures continue on the following pages]

                                     Page 1
<PAGE>

                                                                  EXHIBIT 10.108

                                       BORROWERS (continued):

                                       GOODY'S MS, L.P.

                                       By: TREBOR OF TN, LLC
                                       Its: General Partner

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                       GOODY'S IN, L.P.

                                       By: TREBOR OF TN, LLC
                                       Its: General Partner

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                       GFCTX, L.P.

                                       By: TREBOR OF TN, LLC
                                       Its: General Partner

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                       GFCTN, L.P.

                                       By: TREBOR OF TN, LLC
                                       Its: General Partner

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                  [signatures continue on the following pages]

                                     Page 2
<PAGE>

                                                                  EXHIBIT 10.108

                                       BORROWERS (continued):

                                       GFCGA, L.P.

                                       By: TREBOR OF TN, LLC
                                       Its: General Partner

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                       NEW BORROWERS:

                                       GOODY'S HOLDING TN, LLC

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       GOODY'S TNDC, L.P.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       GOODY'S ARDC, L.P.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                  [signatures continue on the following pages]

                                     Page 3
<PAGE>

                                                                  EXHIBIT 10.108

                                       NEW BORROWERS (continued):

                                       GOODY'S RETAIL MS, L.P.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       GUARANTORS:

                                       GOODY'S GIFTCO, LLC

                                       By: GOODY'S FAMILY CLOTHING, INC.
                                       Its: Sole Member

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                       GFC AIRCRAFT HOLDINGS, INC.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       GFC AIRCRAFT LEASING, LLC

                                       By: GFC AIRCRAFT HOLDINGS, INC.
                                       Its: General Partner

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                  [signatures continue on the following pages]

                                     Page 4
<PAGE>

                                                                  EXHIBIT 10.108

                                       GUARANTORS (continued):

                                       GFC PROFESSIONAL SERVICES, LLC

                                       By: GFC AIRCRAFT HOLDINGS, INC.
                                       Its: Sole Member

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                       GFC AIRCRAFT MANAGEMENT, LLC

                                       By: GFC AIRCRAFT HOLDINGS, INC.
                                       Its: Member

                                           By: _______________________________
                                           Name: _____________________________
                                           Title: ____________________________

                  [signatures continue on the following pages]

                                     Page 5
<PAGE>

                                                                  EXHIBIT 10.108

                                       AGENT:

                                       THE CIT GROUP/BUSINESS CREDIT, INC.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       CO-AGENT:

                                       GMAC COMMERCIAL FINANCE LLC, as successor
                                       by merger to GMAC COMMERCIAL CREDIT LLC

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       LENDERS:

                                       THE CIT GROUP/BUSINESS CREDIT, INC.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       GMAC COMMERCIAL FINANCE LLC, as successor
                                       by merger to GMAC COMMERCIAL CREDIT LLC

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                   [signatures continue on the following page]

                                     Page 6
<PAGE>

                                                                  EXHIBIT 10.108

                                       LENDERS (continued):

                                       AMSOUTH BANK

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       PNC BANK, NATIONAL ASSOCIATION

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       FIRST TENNESSEE BANK NATIONAL ASSOCIATION

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                       ORIX FINANCIAL SERVICES, INC.

                                       By: __________________________________
                                       Name: ________________________________
                                       Title: _______________________________

                                     Page 7
<PAGE>

                                                                  EXHIBIT 10.108

                                   Schedule 1

                       Assets Transferred from GFC to GMS

All Intellectual Property of GFC, except for the "Goody's" name.

                                   Schedule 1
<PAGE>

                                                                  EXHIBIT 10.108

                                   Schedule 2

                       Assets Transferred from GMS to GRMS

Lease for Store #70 located in Columbus, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #183 located in Corinth, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #310 located in Greenville, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #248 located in Gulfport, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #153 located in Hattiesburg, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #110 located in Meridian, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #127 located in Oxford, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #169 located in Pascagoula, MS and all furniture, fixtures,
leasehold improvements (if any) and inventory located at such store.

Lease for Store #39 located in Tupelo, MS and all furniture, fixtures, leasehold
improvements (if any) and inventory located at such store.

                                   Schedule 2
<PAGE>

                                                                  EXHIBIT 10.108

                                   Schedule 3

                       Assets Transferred from GMS to TNDC

All the land, buildings, equipment and merchandise located at the property
commonly known as the GFC's distribution center on Parkside Drive in Knoxville,
Tennessee 37922, and identified on Tax Map Part of CLT 131J, Group A, parcels 1
and 1.04.

                                   Schedule 3
<PAGE>

                                                                  EXHIBIT 10.108

                                   Schedule 4

                       Assets Transferred from GMS to ARDC

All the land, buildings, equipment, and merchandise located at 500 Industrial
Blvd. in Russellville, Arkansas 72802, containing approximately 29.80 acres.

                                   Schedule 4
<PAGE>

                                                                  EXHIBIT 10.108

                                    Exhibit A

                          Form of Manager's Certificate

                                    Attached.

                                    Exhibit A
<PAGE>

                                                                  EXHIBIT 10.108

                                    Exhibit B

                      Form of General Partner's Certificate

                                    Attached.

                                    Exhibit B
<PAGE>

                                                                  EXHIBIT 10.108

                                    Exhibit C

                         Form of Reaffirmation Agreement

                                    Attached.

                                    Exhibit C

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