Dept. of Trans.         AFTER ACCEPTANCE          Serial No.    Contract No.
                                                  26-245-14-01  03-3G4904
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                   100%          100%

Location:                                         Federal Project:
03-VAR                                            NONE

Progress payment No. 002                     Payment period ending: 08-14-26
STUDEBAKER ELECTRIC INC
3237 RIPPEY RD #100
LOOMIS CA 95650

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.               821,980.00         112,770.00
 2. a. Extra Work
    b. Adustment Comp.                        -215,177.90               0.00
 3. Materials on Hand
 4. Earned Subject to Retention                606,802.10         112,770.00
 5. Mobilization
 6. Total Work Completed        606,802.10
 7. Deductions                                    -800.00            -800.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions                     0.00          49,403.21
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    606,002.10         161,373.21
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       161,373.21