Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-147-10-50  02-0K6104
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    80%           56%

Location:                                         Federal Project:
02-PLU-70-32.9/33.2                               NONE
02-PLU-89-8.7/33.2

Progress payment No. 004                     Payment period ending: 05-20-26
STUDEBAKER ELECTRIC INC
3237 RIPPEY RD #100
LOOMIS CA 95650

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.               602,369.40         576,783.40
 2. a. Extra Work
    b. Adustment Comp.
 3. Materials on Hand                                0.00         -46,067.08
 4. Earned Subject to Retention                602,369.40         530,716.32
 5. Mobilization                                57,000.00          28,500.00
 6. Total Work Completed        659,369.40
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    659,369.40         559,216.32
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       559,216.32