Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          04-324-09-15  04-0A3904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  52%           6%                             
04-MRN-101-4.8/8.3                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 02            Payment period ending: 11-20-04                      
VALENTINE CORPORATION                                                                   
P O BOX 9337                                                                            
SAN RAFAEL CA 94912                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.          54,532.00       45,032.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention           54,532.00       45,032.00                      
5. Mobilization                           8,330.55        3,946.05                      
6. Total Work Completed       62,862.55                                                 
7. Deductions                            -1,000.00            0.00                      
8. a.Contract Retentions                 -2,726.60       -1,776.60                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor               59,135.95       47,201.45                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              47,201.45