Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-204-12-40  03-3G4904
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    81%          100%

Location:                                         Federal Project:
03-VAR                                            NONE

Progress payment No. 001                     Payment period ending: 07-20-26
STUDEBAKER ELECTRIC INC
3237 RIPPEY RD #100
LOOMIS CA 95650

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.               709,210.00         709,210.00
 2. a. Extra Work
    b. Adustment Comp.                        -215,177.90        -215,177.90
 3. Materials on Hand
 4. Earned Subject to Retention                494,032.10         494,032.10
 5. Mobilization
 6. Total Work Completed        494,032.10
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions               -49,403.21         -49,403.21
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    444,628.89         444,628.89
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       444,628.89