Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-057-06-00  01-0Q9904
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    51%           43%

Location:                                         Federal Project:
01-MEN-1-196.0/19.6                               NONE

Progress payment No. 001                     Payment period ending: 02-20-26
ARGONAUT CONSTRUCTORS, INC.
360 SUTTON PLACE
SANTA ROSA, CA 95407

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              453,017.37         453,017.37
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                453,017.37         453,017.37
 5. Mobilization
 6. Total Work Completed        453,017.37
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    453,017.37         453,017.37
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       453,017.37