Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-327-10-28  07-4H8004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  32%         100%                             
07-LA-39-28.0/44.0                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 02            Payment period ending: 11-20-02                      
MODERN ALLOYS, INC.                                                                     
11172 WESTERN AVENUE                                                                    
STANTON, CA 90680                                                                       
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.          13,800.00            0.00                      
2.a. Extra Work                         680,424.07      413,194.58                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          694,224.07      413,194.58                      
5. Mobilization                                                                         
6. Total Work Completed      694,224.07                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -44,000.00      -15,897.05                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              650,224.07      397,297.53                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             397,297.53