Common use of Certain Agreements and Arrangements Clause in Contracts

Certain Agreements and Arrangements. Regis shall not, and shall not permit any of its Subsidiaries to, enter into any Contracts that limit or otherwise restrict Regis or any of its Subsidiaries or any of their respective Affiliates or any successor thereto, or that would, after the Effective Time, limit or restrict Spinco or any of its Subsidiaries or any of their respective Affiliates or any successor thereto, from engaging or competing in any line of business in any geographic area other than the entry into franchise agreements in the ordinary course of business consistent with past practice. Regis shall not, and shall not permit any of its Subsidiaries to, except in the ordinary course of business consistent with past practice, modify, amend or terminate any Regis Material Contract to which it is a party or waive, release or assign any material rights or claims it may have under any such Regis Material Contract. Regis and its Subsidiaries shall not Knowingly engage in any Diversion.