Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-196-10-33  10-1T5604
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    67%          100%

Location:                                         Federal Project:
10-SJ-99-7.9/7.9                                  NONE
10-SJ-99-33.5/33.5
10-STA-99-16.8/16.8

Progress payment No. 003                     Payment period ending: 07-02-25
VALENTINE CORPORATION
111 PELICAN WAY
SAN RAFAEL CA 94901

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              493,419.69          74,489.61
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                493,419.69          74,489.61
 5. Mobilization
 6. Total Work Completed        493,419.69
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    493,419.69          74,489.61
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                        74,489.61