Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-295-13-50  10-1H7004
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    12%            2%

Location:                                         Federal Project:
10-CAL-49-7.5/9.4                                 ACNH-P049(192)

Progress payment No. 003                     Payment period ending: 10-20-25
GEORGE REED INC
PO BOX 4760
MODESTO CA 95352

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.               747,486.10         285,265.00
 2. a. Extra Work                               45,796.43          45,796.43
    b. Adustment Comp.
 3. Materials on Hand                           32,511.00               0.00
 4. Earned Subject to Retention                825,793.53         331,061.43
 5. Mobilization                                75,000.00          25,000.00
 6. Total Work Completed        868,282.53
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    900,793.53         356,061.43
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       356,061.43