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<br />(ii) of Section 11.04 of the Agreement shall be hereby changed to <br />May 30, 1987 and the foregoing waiver shall not preclude <br />termination of the Agreement if construction does not commence by <br />May 30, 1987, and four out of the six parties to the Agreement do <br />not elect in writing not to terminate the Agreement. <br /> <br />This Waiver may be executed in one or more counterparts, all <br />of which counterparts shall constitute but one Waiver, provided, <br />however, that this Waiver shall not be effective until four of the <br />six parties set forth below have executed this Amendment or a <br />counterpart hereof and the Amendment of Section 11.04 of the <br />Agreement shall not be effective unless and until all six parties <br />set forth below have executed this waiver or a counterpart hereof. <br /> <br />IN WITNESS WHEREOF, the parties set forth below have executed <br />this Waiver as of the date set forth opposite such signature. <br /> <br />S B & K JOINT VENTURE <br /> <br />Date: <br /> <br />By: <br />Title: <br /> <br /> <br />Date: ¡lob /;,1 <br />/ / <br /> <br />Date: <br /> <br />ED SALINAS & JOHN ROCHFORD <br />JOINT VENTURE <br /> <br />Date: <br /> <br />By: <br />Ed Salinas, Venturer <br /> <br />Date: <br /> <br />By: <br />John Rochford, Venturer <br /> <br />RAKOR INC., a Texas corporation <br /> <br />Date: <br /> <br />By: <br />Stan Studer, President <br /> <br />GUY SHOWN COMPANY <br /> <br />Date: <br /> <br />By: <br />Title: <br /> <br />30/3496/2 <br />