Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-294-15-50  11-2N2334
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    63%           84%

Location:                                         Federal Project:
11-VAR                                            NONE

Progress payment No. 002                     Payment period ending: 10-20-25
PAVEMENT COATINGS CO.
10240 SAN SEVAINE WAY
JURUPA VALLEY CA 91752

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.               640,976.56         415,745.40
 2. a. Extra Work
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                640,976.56         415,745.40
 5. Mobilization                                50,000.00           2,500.00
 6. Total Work Completed        690,976.56
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    690,976.56         418,245.40
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       418,245.40