Construction Draws Utilizing Electronic Signatures Saving Time

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Construction Draws Utilizing Electronic Signatures Saving Time & Money; Delivering Accurate Information; & Reducing Risk Presented By: Donohoe Construction Company & Textura Corporation

This presentation contains confidential information of Textura Corporation and is protected by all applicable patents, copyright, trademark trade secret and similar intellectual property laws. Neither this document nor any of the information contained in this document may be reproduced or disclosed to any person under any circumstances without the express written permission of Textura Corporation. Copyright 2008. All rights reserved. Textura Corporation. Processes and technologies described in this document have US and Global Patents Pending. © 2008 Textura Corporation 2

Agenda • Introductions • Current Construction & Development Monthly Payment Process • Textura Web-Based Construction Payment Process • Customer Study: Donohoe Construction • Benefits • Implementation Lessons • Textura Background Information © 2008 Textura Corporation 3

Introductions Mr. George Heacox, Donohoe Construction Company • Vice President, Finance Washington, D. C. Mr. Michael Egan, Textura Corporation • Executive Vice President Deerfield, Illinois Mr. Bill Brice, Alpha. Trust Corporation • Chief Executive Officer Dallas, Texas © 2008 Textura Corporation 4

Current Construction & Development Monthly Payment TODAY’S DRAW PRACTICES ARE INEFFICIENT & INSUFFICIENT Process Key Bank Week 1 -3: Subcontractors and Suppliers perform the work. Draw Documents / Lien Waivers Week 4: Subcontractors and Suppliers deliver invoices and lien waivers to the General Contractor for review. . Physical Checks (Disbursements) Week 5: Invoices sent back to the Subs for corrections. Week 6: GC / Soft Cost Vendors deliver invoices to owner. Week 7: Owner reviews / approves invoices and submits their pay application to the Lender. Week 9: Owner disburses to GC and Soft Cost Vendors. Based Access Automated General Contractor Notification Architect Week 10: GC disburses to subcontractors who then pay suppliers. Re Aud Interior sol it Contractor uti on s Other Subs Wk 1 Wk 2 Wk 3 © 2008 Textura Corporation Wk 4 Electronic Signatures Week 8: Bank reviews application and disburses to the owner. Owner/Developer Internet Consultants Concrete Contractor Wk 5 Wk 6 5 Wk 7 Supplier Wk 8 Wk 9 Wk 10

Textura Web-Based Construction Payment Process Textura utilizes advanced Internet technology to join together some or all of the participants involved in the project payment process. Consultants Banks Contractors Owner / Developer Project Manager / Contract Administrator Title Companies © 2008 Textura Corporation 6

Textura Web-Based Construction Payment Process Textura efficiently processes construction payment transactions including all aspects of payment applications, invoices and payment compliance. Construction Payment Process q Provides controlled, structured process Banks q Integrates each participant up/down the ‘payment chain’ Owner / Developer Payment Applications & Invoices Consultants Cash q Captures information into a common database q Applies applicable compliance requirements at each step q Configures each project uniquely to satisfy specific business requirements Main Contractor & Specialty Contractors © 2008 Textura Corporation q Automates document production 7 Page 6

Donohoe’s Textura Journey Began 2 Years Ago ä Donohoe began using Textura in mid-2006 on the Abingdon Heights condominium and townhouse development in Arlington. ä Donohoe now has 10 active projects in Textura, ranging in value from $5 M to $90 M. ä More than 200 Donohoe Subcontractors use Textura to electronically sign project documents. ä Over 20 internal Donohoe personnel (Project Management and Project Accounting staff) use Textura for the monthly draw process. © 2008 Textura Corporation 19

Donohoe Projects Currently on Textura Project Name Project Value # of Draws to Date Abingdon Heights $90 M 27 Park Place Office $13 M 13 Residence Inn $44 M 13 Hilton Garden Inn $33 M 12 GWU Pelham Hall $41 M 10 DOS Renovation $5 M 5 Camden South Capital $56 M 5 Yale Steam Apartment $42 M 2 ZOM Clarendon $58 M 1 2400 14 th St. , NW $55 M 1 © 2008 Textura Corporation 20

Case Study: Abingdon Heights Project Highlights: Abingdon Heights: Arlington, VA Overall Project Budget: $89 MM Subcontractors & Suppliers: 50 Number of Draws: 27 (to date) Electronic Signed Documents: 860+ © 2008 Textura Corporation 21

Case Study: Abingdon Heights 80 70 60 50 40 30 20 10 # of Subs in Draw # of Electronic Documents Signed Days between GC Invoice Signed and Disbursement 0 1 2 3 © 2008 Textura Corporation 4 5 6 7 8 9 10 11 12 Moving Average 13 22 14 15 16 17 18 19 20 21 22 23 24 25

Benefits For General Contractors With Textura Improvement • All subcontractor/project members’ billing documents and lien waivers are gathered electronically • Frees staff from reviewing, correcting, faxing & collecting Lien Waivers • Subs/Project Members create invoices – automatically uploaded to GC’s/Borrower’s accounting system via an interface • Eliminates data entry of subcontractor/ project member invoices freeing accounting staffs • Payments to Project Members can be made electronically • Eliminates preparing, signing and distributing checks • Pre-lien tracking centralized • Improves tracking of lien waivers; automatic emails/payment holds if missing • Textura system can track signed contracts, safety/insurance forms, EEO compliance forms, etc. • Automates tracking of documents; automatic emails/payment holds if missing; electronic submission & data filing • Electronic communication • Dramatically reduces faxes, scans, phone calls and meetings • Electronic document distribution • Saves Paper & copying documents • Electronic document storage and search • Saves on volumes of document storage; Improves retrieval ability © 2008 Textura Corporation 23

Benefits For Subcontractors & Material Suppliers Less paper, lower costs • Accurate automated generation of Subcontractors’ AIA G 702/703 s, Sworn Statements and Lien Waivers • Eliminates travel for document delivery & pick up – saving gas, parking fees, tolls, waiting time • Eliminates the need for Fed. Ex or wire transfer fees • Electronic document storage Direct electronic payments • Direct ACH payments – immediately available funds • Potentially faster disbursement of funds • Email notification when payment has been sent Lower risk; lower chance of delay • Lien Waivers matched with payment • Better project information and monitoring • Accurate math Reduced GC/Sub tension © 2008 Textura Corporation 24

Implementation Lessons • Change Management is key to adoption • It’s all about improving the process – Construction Payment Management • Each participant (General Contractor, Subcontractor, etc. ) has to realize some improvement/gain to willingly participate • Early adopters are key • Widespread adoption takes time • Each user must have the opportunity to learn without time pressure © 2008 Textura Corporation 25

Textura Background Information London, UK European Office Canada Phoenix, USA Head Office Existing Offices (end 2008) Additional Initiatives Chicago, USA Houston, USA Dubai, UAE Abu Dhabi, UAE Panama China India Brazil • Four years old with offices and initiatives around the world • Current clients represent nearly $200 Billion in total projects under development • Over 300 General Contractors & Developers and over 25, 000 Subcontractors use the Textura system in North America, Europe, Middle East and Africa • Projects in the system from $5, 000 to > $15 B • Textura processes over $100 M in construction payments monthly First to Market – Innovative Payment and Cost Management Offering © 2008 Textura Corporation 26