THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Thomas Nelson, Inc. (TNM)

6/24/2005 Proxy Information

S. Joseph Moore is the son of Sam Moore.

7/9/2004 Proxy Information

S. Joseph Moore is the son of Sam Moore.

7/15/2003

S. Joseph Moore is the son of Sam Moore.

Effective October 31, 2001, the Company sold the assets of its gift division to CRG Acquisition Corp., now known as C. R. Gibson, Inc. for consideration of $30.5 million, subject to adjustment. At the date of the sale, S. Joseph Moore became the President of C. R. Gibson, Inc. Mr. Moore's employment with the Company terminated at the date of sale; however, he remains a member of the Company's board of directors. In connection with the sale transaction, the parties also entered into a Transition Services Agreement whereby the Company provided warehousing, accounting and other administrative services to C.R. Gibson, Inc. The Company received fees under this agreement totaling approximately $3.0 million in fiscal 2002 and approximately $2.3 million in fiscal 2003, until the agreement ended on July 31, 2002. These fees were approximately the same amount as the expenses incurred to provide the services and were recorded as an reduction to selling, general, and administrative expenses in the statements of operations. During the third quarter of fiscal 2003, the Company settled claims and working capital adjustments related to the sale of the gift assets for total consideration of $2.5 million in favor of C.R. Gibson, Inc., which had been fully accrued as a liability on the consolidated balance sheets.

During the third quarter of fiscal 2003, the Company paid $2.5 million to C.R. Gibson, Inc. to repurchase its former distribution center under the terms of a "put option" from the Asset Purchase Agreement for the sale of the Company's former gift segment. The Company has engaged the services of a commercial real estate broker to list the property for sale. The Company is carrying this property on the consolidated balance sheet as an asset held for sale valued at the estimated fair value, less cost to sell of ($1.8 million) at March 31, 2003.