Common use of Waiver of Right of First Refusal Clause in Contracts

Waiver of Right of First Refusal. Upon the prior written request of the WFOE, the Grantor shall waive any and all of his right of first refusal or other preemptive rights provided under the PRC laws or the articles of association of the VIE Company with respect to the equity transfer conducted by any other shareholder of the VIE Company.