Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-169-17-31  10-1F9604
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    35%           29%

Location:                                         Federal Project:
10-VAR                                            NONE

Progress payment No. 004                     Payment period ending: 06-20-25
STUDEBAKER ELECTRIC INC
3237 RIPPEY RD #100
LOOMIS CA 95650

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             2,044,748.00         430,959.50
 2. a. Extra Work
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention              2,044,748.00         430,959.50
 5. Mobilization                               146,300.00               0.00
 6. Total Work Completed      2,191,048.00
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  2,191,048.00         430,959.50
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       430,959.50