Common use of Waiver of First Refusal Rights Clause in Contracts

Waiver of First Refusal Rights. With respect to the tender of Xxxxxx X. Xxxxxx'x shares under the Shareholder's Agreement dated of even date herewith among Xxxxxx X. Xxxxxx, Parent and Purchaser and to be acknowledged by the Company, the Company and Shareholder waive their respective rights of first refusal as set forth in Section 3 of the Stock Purchase Agreement dated March 28, 1988 among Xxxxxx Xxxxxx, Xxxxxx Xxxxxx, Xxxxxx X. Xxxxxx and the Company.