Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-205-10-28  07-4Y7704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  69%          34%                             
07-VEN-118-R5.8/R21.8                    Federal Project:                               
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 07-20-12                      
VELARDE CONCRETE CONSTRUCTION                                                           
INC                                                                                     
523 S BRAND BLVD SUITE 201                                                              
SAN FERNANDO CA 91340                                                                   
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         637,181.12      538,542.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          637,181.12      538,542.00                      
5. Mobilization                          40,000.00       10,000.00                      
6. Total Work Completed      677,181.12                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              677,181.12      548,542.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             548,542.00