Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          10-048-14-47  01-432604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-LAK-20-R9.4/R12.1                    Federal Project:                                
                                     OTS-05(18)                                         
                                                                                        
                                                                                        
Progress payment No. 16            Payment period ending: 12-29-09                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,233,541.67     -106,688.00                      
2.a. Extra Work                         628,961.73      103,871.46                      
  b. Adjustment Comp.                  -175,048.69     -212,422.73                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        6,687,454.71     -215,239.27                      
5. Mobilization                         600,000.00            0.00                      
6. Total Work Completed    7,287,454.71                                                 
7. Deductions                          -516,000.00       43,736.98                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,771,454.71     -171,502.29                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                            -171,502.29