Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-021-12-31  11-2N2304
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    72%           62%

Location:                                         Federal Project:
11-IMP-86-4.5/L8.5                                NONE
11-IMP-86-20.4/R21.9

Progress payment No. 002                     Payment period ending: 01-20-26
PAVEMENT COATINGS CO.
PO BOX 849485
LOS ANGELES CA 90084-9485

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             1,465,562.45         530,865.99
 2. a. Extra Work
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention              1,465,562.45         530,865.99
 5. Mobilization                               110,000.00           5,500.00
 6. Total Work Completed      1,575,562.45
 7. Deductions                                 -90,142.41         -90,142.41
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  1,485,420.04         446,223.58
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       446,223.58