Transition Agreement of Patrick J. Allin
 
This Transition Agreement (this “Agreement”) is effective as of May 5, 2015 (the
“Effective Date”), by and between Textura Corporation (the “Company”) and
Patrick J. Allin (the “Executive”).
 
RECITALS
 
A.Until April 30, 2015 (the “Transition Date”) the Executive was employed by the
Company as its Chief Executive Officer (“CEO”) pursuant to an employment
agreement dated March 28, 2013 (the “Prior Agreement”) and also served as
Chairman of its Board of Directors (the “Board”).

B.The Company and the Executive have agreed that upon the execution of this
Agreement the Prior Agreement shall be terminated in its entirety and of no
further force and effect.

C.As of the Transition Date, the Executive no longer served as Chief Executive
Officer of the Company but instead has served and will continue to serve,
subject to the terms of this Agreement, as Executive Chairman of the Company and
as a director.

D.In the course of his employment with the Company, the Executive has had, and
will continue to have, access to certain Secret or Confidential Information (as
defined in Section 8 below) that relates to the business of the Company.

E.The Company desires that any such Secret or Confidential Information not be
disclosed to other parties or otherwise used for unauthorized purposes.
 
NOW, THEREFORE, in consideration of the mutual terms, covenants and conditions
stated in this Agreement, the Company and the Executive hereby agree as follows:
 
1.
Employment. As of the Transition Date, the Executive ceased serving as the
Company’s Chief Executive Officer. The Company shall continue to employ the
Executive for the Term (as defined in Section 2 below), and the Executive hereby
accepts continued employment with the Company for the Term, as Executive
Chairman. During the Term, the Executive shall have the title of Executive
Chairman and shall report directly to the Board. It is the parties’ intention
that during the Term, Executive shall continue to provide a level of services to
the Company so that he will not be deemed to have experienced a “separation from
service” within the meaning of Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”) and the regulations promulgated thereunder. The
Executive’s principal business office shall be located in Deerfield, Illinois or
such other location as determined by the Board, and the Executive shall maintain
a residence within seventy-five (75) miles of the Company’s principal business
office for the duration of the Term.

 
2.
Term. The term of employment under this Agreement (the “Term”) commenced on the
Transition Date and shall continue thereafter until the earlier of (a) December
31, 2015 (the “Initial Expiration Date”), and (b) the resignation, death or
Disability of the Executive. The Term shall be extended for a one-year period
commencing January 1, 2016 and for one-year periods thereafter unless, in each
case, on or before December 1 prior to the Initial Expiration Date or expiration
of any one-year extension, either the Executive or the Company delivers to the
other notice of the Executive’s or the Company’s intention not to continue this
Agreement in effect, in which case the Agreement shall terminate as of the
December 31 of the year in which notice is given (the “Expiration Date”).

3.
Duties. During the Term:

 
(a)
The Executive shall perform those duties expressly assigned by the Board or the
individual then serving as CEO.

 
(b)
During the Term, the Executive shall work closely with the person then serving
as CEO to effectuate an appropriate transition of the CEO position, including
introducing the individual then serving as CEO, to key customers, partners and
investors, as well as such other activities as may be requested by the Board or
the individual then serving as CEO. During the term, the Executive may devote
reasonable time to activities such as supervision of personal investments and
activities involving professional, charitable, educational, religious, civic,
and similar types of activities, speaking engagements and membership on other
boards of directors, subject to Section 3(c) below, provided that such
activities, engagements, and

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memberships do not interfere in any material way with the business of the
Company or the ability of the Executive to perform his duties as Executive
Chairman. The time involved in such activities, engagements, and memberships
shall not be treated as vacation time. The Executive shall be entitled to keep
any amounts paid to the Executive in connection with such activities,
engagements, and memberships (e.g., director fees and honoraria).
 
(c)
The Executive shall perform the Executive’s duties diligently and competently
and shall act in conformity with the Company’s written and oral policies and
within the limits, budgets and business plans set by the Company. The Executive
shall at all times strictly adhere to and obey all of the rules, regulations and
policies in effect from time to time relating to the conduct of executives of
the Company. The Executive shall not engage in consulting work or any trade or
business on behalf of any other person, firm or company that competes with the
Company or conflicts or interferes with the performance of the Executive’s
duties hereunder in any way.

 
4.
Compensation and Benefits. During the Term, the Company shall provide to the
Executive, and the Executive shall accept from the Company as full compensation
for the Executive’s services hereunder, compensation and benefits as follows:

(a)
Base Salary. The Company shall pay the Executive a salary at an annual rate of
five hundred thirty-five thousand dollars ($535,000) (“Base Salary”). The
Company shall pay the Executive’s Base Salary according to payroll practices
then in effect for all officers of the Company.

(b)
Restricted Stock Unit Award. Subject to approval by the Board, the Executive
shall be granted time-based restricted stock units within thirty (30) days
following the Effective Date with a value equal to one million seven hundred
thousand dollars ($1,700,000) using the form of Restricted Stock Unit Award
Agreement typically used by the Company for time-based restricted stock unit
awards to senior executives (the “2015 RSU Award”) which award will fully vest
on April 1, 2016, whether or not Executive’s employment has terminated prior to
that date, provided that if the Company terminates the Executive’s employment
for Cause or the Executive terminates his employment other than for Good Reason
prior to December 31, 2015, the 2015 RSU Award will not vest and will instead be
terminated and forfeited in its entirety. During the Term, the Executive shall
not be entitled to any further equity awards under any equity plan maintained by
the Company.

(c)
2015 Short-Term Incentive. The Executive shall be eligible to participate in the
Company’s annual bonus plan for the 2015 fiscal year, subject to the terms
thereof, with a target bonus equal to one hundred twenty-five percent (125%) of
the Executive’s Base Salary, provided that the actual amount of such bonus may
range from thirty-two percent (32%) to two hundred sixteen percent (216%) of the
Executive’s target bonus, contingent upon the achievement of performance goals
set by the Company as approved by the Board on February 9, 2015. The Company
shall pay the Executive’s performance bonus in cash provided the Company has
adequate cash to make the payment and adequate cash reserves after making the
payment (as the Board determines in its discretion after consulting with the
Executive). The Executive’s performance bonus shall be paid at the same time as
performance bonus payments for such year (if any) are made to other participants
with respect to such fiscal year, and in all events within the two and one-half
(2½) months following the end of the fiscal year in respect of which the bonus
is earned, provided that the Executive’s performance bonus (if any) for a fiscal
year shall be considered earned on the final day of the performance period
applicable to such bonus. Performance bonuses are intended to qualify for the
short-term deferral exception to Section 409A of the Code.

(d)
Executive Benefit Plans. The Executive shall be eligible to participate in any
benefit plans offered by the Company to similarly situated executive employees
including, without limitation, medical, dental, short-term and long-term
disability, life insurance, pension, profit sharing and nonqualified deferred
compensation arrangements, as the Board may determine from time to time in its
discretion. The Company reserves the right to modify, suspend or discontinue any
and all of its plans, practices, policies and programs at any time without
recourse by the Executive, so long as the Company takes such action generally
with respect to other similarly situated officers.

(e)
Business Expenses. The Company shall reimburse the Executive for all reasonable
and necessary business expenses the Executive incurs in the performance of
services with the Company, according to the Company’s policies and upon the
Executive’s presentation of an itemized written statement and such

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verification as the Company may require. The Company shall use its best efforts
to reimburse such expenses no later than sixty (60) days following the
Executive’s submission of such expenses; provided that such expenses shall be
reimbursed no later than December 15 of the year following the fiscal year in
which the expenses were incurred.

(f)
Vacation. The Executive shall be entitled to a maximum of twenty-five (25) paid
vacation days per calendar year accrued on a pro rata basis throughout the
calendar year. The Executive’s maximum vacation accrual that can be carried over
to any subsequent year shall not exceed twenty-five (25) vacation days. Once the
maximum vacation accrual of twenty-five (25) days is reached, the Executive
shall no longer accrue vacation until the unused amount accrued is below such
maximum level allowed.

5.
Payments on Termination of Employment.

 
(a)
Definition of Termination of Employment. For purposes of this Agreement, the
Executive’s employment with the Company shall be deemed to be terminated when
the Executive has a separation from service (as such term is defined under Code
Section 409A), and references to termination of employment shall be deemed to
refer to a separation from service.

(b)
Termination of Employment for any Reason, including Cause. The following
payments shall be made upon the Executive’s termination of employment for any
reason, including Cause:

(i)
Earned but unpaid Base Salary through the date of termination, payable according
to payroll practices then in effect for all officers of the Company;

(ii)
Any annual incentive plan bonus for which the performance measurement period has
ended, but that is unpaid at the time of termination, payable at the same time
that annual incentive plan bonus payments for such year (if any) are made to
other participants with respect to such year, and in all events within the two
and one-half (2½) months following the end of the year in respect of which the
bonus is earned;

(iii)
Any accrued but unpaid vacation, payable according to payroll practices then in
effect for all officers of the Company;

(iv)
Any amounts payable under any of the Company’s benefit plans in accordance with
the terms of those plans, except as may be required under Code Section
401(a)(13); and

(v)
Unreimbursed business expenses incurred prior to the date of termination and
appropriately documented by the Executive on the Company’s behalf, payable
within thirty (30) days following submission of appropriate documentation, but
in no event later than sixty (60) days following the date of termination.

(c)
Termination of Employment for Death or Disability. In addition to the amounts
determined under Section 5(b) above, if the Executive’s termination of
employment occurs by reason of death or Disability (as defined below), the
Executive (or the Executive’s estate) shall receive a lump sum payment equal to
the higher of (i) the actual annual bonus paid for the bonus plan year
immediately preceding such termination, and (ii) the target bonus for the bonus
plan year in which such termination occurs, and payable within sixty (60) days
following the date of termination of employment. If any question arises as to
whether the Executive has incurred a Disability, upon request therefore by the
Board, the Executive shall submit to medical examination for the purpose of
determining the existence, nature and extent of any such Disability. In the
event the Executive incurs a Disability, until the date of the Executive’s
termination of employment, the amount of Base Salary payable to the Executive
under Section 4 above shall be reduced dollar-for-dollar by the amount of
disability benefits paid to the Executive under any short- or long-term
disability plan, policy or program of the Company. For purposes of this
Agreement, “Disability” shall mean, in the written opinion of a qualified
physician selected by the Company subject to the approval of the Executive which
approval will not be reasonably withheld, the Executive is by reason of any
medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less
than twelve (12) months, (A) unable to engage in any substantial gainful
activity, or (B) receiving income replacement benefits for a period of not less
than three (3) months under a Company disability plan. Either the Company or the
Executive may initiate a termination due to

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Disability pursuant to this Section 5(c).

(d)
Other Specified Terminations. If the Executive’s employment terminates upon the
Initial Expiration Date or a subsequent Expiration Date, or, if prior to the
Initial Expiration Date or a subsequent Expiration Date, the Executive’s
employment is either terminated by the Company without Cause or by the Executive
for Good Reason, in addition to the benefits payable under Section 5(b) above,
subject to the Executive’s continued compliance with Sections 7 and 8 of this
Agreement, the Company shall pay the following amounts and provide the following
severance benefits, it being recognized that Executive would have been eligible
to receive these benefits under the Prior Agreement in connection with the
termination of his service as Chief Executive Officer, had he not entered into
this Agreement:

(i)
Continued payment of Base Salary for a period of twenty-four (24) months
following the Executive’s termination of employment, payable according to
payroll practices then in effect for all officers of the Company, provided that
any payments that would otherwise be made during the first sixty (60) days
following the Executive’s termination of employment will be made on the sixtieth
(60th) day;

(ii)
On the one (1) year anniversary of the Executive’s termination of employment, a
lump sum payment in an amount equal to the greater of (A) the Executive’s target
bonus for the bonus plan year in which such termination occurred, and (B) six
hundred eighty-four thousand dollars ($684,000), representing the average bonus
actually received by the Executive for the three (3) completed bonus plan years
preceding 2015;

(iii)
Continued coverage under the Company’s medical, dental, and vision plans, if the
Company continues to maintain such plans, for a period of up to twenty-four (24)
months following the Executive’s termination of employment, at the same cost to
the Executive as in effect on the date of the Executive’s termination of
employment; provided that the Company may, at its election, reimburse an
equivalent portion of the Executive’s substantiated medical, dental, and vision
coverage insurance premiums with a third party insurer, as approved by the
Company, in satisfaction of its obligation under this Section 5(d)(iii), if any;
and provided further that the Company’s obligation under this Section 5(d)(iii),
if any, shall cease on the date the Executive becomes eligible for coverage
under other group medical, dental and visions plans, as applicable. Nothing in
this Section 5(d)(iii) shall be construed to extend the period over which COBRA
continuation coverage must be provided to the Executive or the Executive’s
dependents beyond that mandated by law;

(iv)
Immediate vesting of any outstanding stock options, restricted stock or other
equity-based compensation awards upon the date of the Executive’s termination of
employment; provided that the 2015 RSU Award shall not accelerate pursuant to
this Section 5(d)(iv) and shall vest on April 1, 2016. Any such vested stock
options shall be exercisable immediately at any time prior to the earlier of (A)
four (4) years from the Executive’s termination of employment, or (B) the stock
option expiration or other termination date, subject to the terms of the
applicable equity-based compensation awards and plans and applicable insider
trading policies and regulations. Notwithstanding the foregoing, any restricted
stock or other equity-based compensation awards that were intended to satisfy
the requirements for performance-based compensation under Code Section 162(m),
and would become vested only upon the attainment of specified performance goals,
shall vest only if (and at the time that) such performance goals are achieved;
and

 
(v)
Outplacement services, as elected by the Executive (and with a firm selected by
the Executive), not to exceed twenty-five thousand dollars ($25,000) in total.
Such outplacement services must be incurred by the Executive no later than the
end of the calendar year that includes the second anniversary of the Executive’s
termination of employment. If applicable, the Company shall use its best efforts
to reimburse such expenses within sixty (60) days after the Executive submits
written documentation or other proof of expenses acceptable to the Company;
provided, that the reimbursement of such expenses shall be made to the Executive
no later than the end of the fiscal year that includes the third (3rd)
anniversary of the Executive’s termination of employment.

 
(e)
Termination by the Company For Cause. In the event the Company terminates
Executive’s employment for Cause, as defined in Section 5(g), he shall be
entitled only to the amounts determined under Section 5

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(b).

(f)
Good Reason. For purposes of this Agreement, “Good Reason” shall mean the
occurrence of any of the following without Executive’s consent: (i) a material
diminution of Executive’s base compensation, (ii) a change in the geographic
location at which the Executive must perform his services to a place beyond
seventy-five (75) miles from the Company’s principal business office, or (iii)
any other action or inaction that constitutes a material breach by the Company
of this Agreement. The Executive must provide notice to the Company of the
existence of a condition constituting Good Reason within a period not to exceed
ninety (90) days of the initial existence of such condition, and the Company
shall have a period of at least thirty (30) days following the notice during
which it may remedy the condition. Any termination for Good Reason must occur
within six (6) months following the initial existence of one (1) or more of the
foregoing Good Reason conditions.

(g)
Cause. For purposes of this Agreement, “Cause” shall mean: (i) the Executive’s
willful and continued failure to satisfactorily perform the Executive’s duties
in accordance with Section 3 of this Agreement as an executive of the Company
(other than any such failure resulting from incapacity due to physical or mental
illness) after a written demand for performance is delivered to the Executive,
which demand specifically identifies the manner in which the Executive has not
satisfactorily performed the Executive’s duties, and which gives the Executive
at least thirty (30) days to cure such alleged deficiencies, (ii) the
Executive’s willful misconduct or dishonesty, which is demonstrably and
materially injurious to the Company or an affiliate, monetarily, reputationally,
or otherwise, (iii) the Executive’s engaging in egregious misconduct involving
serious moral turpitude that results in the Executive’s credibility and
reputation no longer conforming to the standard of officers of the Company, (iv)
the Executive’s refusal or failure to substantially comply with the Company’s
human resources rules, policies, directions or restrictions relating to
harassment or discrimination, or to substantially comply with the Company’s Code
of Business Conduct and, in addition, any applicable written rules, policies,
directions or restrictions relating to compliance or risk management, (v) the
Executive’s commission of any act that could result in the legal
disqualification of the Executive from being employed by the Company or an
affiliate, (vi) the Executive’s failure to reasonably cooperate with the Company
or an affiliate in any internal investigation or administrative, regulatory or
judicial proceeding, or (vii) the Executive’s conviction of, or plea of nolo
contendere to, a felony or other crime involving moral turpitude. In addition,
the Executive’s employment shall be deemed to have terminated for Cause if,
after the Executive’s employment has terminated, facts and circumstances are
discovered that would have justified a termination for Cause. For purposes of
this Section 5(g) an action shall not be “willful” if the Executive reasonably
believed that such action was in the best interests of the Company.

(h)
Six (6) Month Delay. If, at the time the Executive becomes entitled to a
termination payment under this Section 5, the Executive is a “specified
employee” (as defined under Code Section 409A), then, notwithstanding any other
provision in this Agreement to the contrary, the following provisions shall
apply:

(i)
No such termination payment considered deferred compensation under Code Section
409A and not subject to an exception or exemption thereunder shall be paid to
the Executive until the date that is six (6) months after the Executive’s
termination or, if earlier, the date of the Executive’s death (the “Six Month
Delay Rule”). Any such termination payment that otherwise would have been paid
to the Executive during this six (6) month period (the “Six Month Delay”) shall
instead be aggregated and paid to the Executive no later than ten (10) days
following the date that is six (6) months after the Executive’s termination. Any
termination payment to which the Executive is entitled to be paid under this
Section 5 after the date that is six (6) months after the Executive’s
termination shall be paid to the Executive in accordance with the applicable
terms of this Section 5.

(ii)
During the Six Month Delay, the Company shall pay to the Executive the
applicable payments set forth in this Section 5, to the extent any of the
following exceptions to the Six Month Delay Rule apply (A) the short-term
deferral rule of Code Section 409A and Treasury Regulation §1.409A-1(b)(4) (or
any similar or successor provisions) including the treatment of each payment as
one of a series of separate payments for purposes of Code Section 409A and
Treasury Regulation §1.409A-2(b)(2)(iii)) (or any similar or successor
provisions); (B) payments permitted under the separation pay exception of Code
Section 409A and Treasury Regulation §1.409A-1(b)(9)(iii) (or any similar or
successor provisions); and (C) payments permitted under the limited payments
exception of Code Section 409A and Treasury

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Regulation §1.409A-1(b)(9)(v)(D) (or any similar or successor provisions);
provided that the amount paid under this Section 5 shall count toward, and shall
not be in addition to, the total payment amount required to be made to the
Executive by the Company under this Section 5 on account of the separation from
service and any applicable Company benefit plan.

(i)
Release Upon Termination. The Company shall deliver to the Executive an
effective general release and waiver of claims in favor of the Company, its
shareholders, officers and related parties, substantially in the form of Exhibit
A (the “Release”) within ten (10) days following the Executive’s termination of
employment, and the Executive shall deliver an original, signed Release to the
Company within twenty-one (21) business days (or such longer period as may be
required by applicable law to constitute an effective release of all claims)
after receipt of the same from the Company. Notwithstanding anything in this
Agreement to the contrary, no payments pursuant to Section 5(c) or Section 5(d)
above shall be made prior to the date that both (i) the Executive has delivered
an original, signed Release to the Company and (ii) the revocability period (if
any) has elapsed, and provided that any payments that would otherwise be made
during the first sixty (60) days following the Executive’s termination of
employment will be made on the sixtieth (60th) day. If the Executive does not
deliver an original, signed Release to the Company within twenty-one (21)
business days (or such longer period as may be required by applicable law to
constitute an effective release of all claims) after receipt of the same from
the Company, (A) the Executive’s rights shall be limited to those made available
to the Executive under Section 5(b) above, and (B) the Company shall have no
obligation to pay or provide to the Executive any amount or benefits described
in Section 5(c) or Section 5(d) above, or any other monies on account of the
termination of the Executive’s employment.

(j)
Removal from any Boards and Positions. Upon the Executive’s termination of
employment for any reason under this Agreement, the Executive shall be deemed to
resign from the Board. Further as of the Transition Date, the Executive shall be
deemed to have resigned from (i) if a member, from the board of directors of any
affiliate or any other board to which the Executive has been appointed or
nominated by or on behalf of the Company, (ii) from any position with the
Company or any affiliate, including, without limitation, as an officer of the
Company or any of its affiliates, and (iii) as a fiduciary of any employee
benefit plan of the Company.

(k)
No Further Obligations under Agreement. Except as specifically provided in this
Section 5 and Section 25, the Company shall have no further obligation to the
Executive under this Agreement in the event of the Executive’s termination of
employment for any reason.

  
6.
Recapture of Certain Incentive Compensation. If the Company is required to
prepare an accounting restatement during the Term, due to the material
noncompliance of the Company with any financial reporting requirement under the
federal securities laws, which is a result of misconduct, the Executive shall
reimburse the Company, promptly upon notice and demand, for (a) any bonus or
other incentive-based or equity-based compensation received from the Company
during the twelve (12) month period following the first public issuance or
filing with the Securities and Exchange Commission, whichever occurs first, of
the financial document embodying such financial reporting requirement; and (b)
any profits realized from the sale of securities of the Company during that
twelve (12) month period. Further, any payments made by the Company to the
Executive in connection with his employment by the Company shall be subject to
any compensation recovery policy adopted by the Company to comply with
applicable law, including, without limitation, the Dodd-Frank Wall Street Reform
and Consumer Protection Act, or to comport with good corporate governances
practices, as such policy may be amended from time to time.

7.
Restrictive Covenants. The Executive understands the global nature of the
Company’s businesses and the effort the Company and its affiliates undertake to
develop and protect their business and their competitive advantage. Accordingly,
the Executive agrees that the scope and duration of the restrictions described
in this Agreement are reasonable and necessary to protect the legitimate
business interests of the Company and its affiliates. The Executive further
agrees that during the period of his employment and for a period of two (2)
years following a termination of the Executive’s employment for any reason, the
Executive shall not:

(a)
singly, jointly, or in any other capacity, in a manner that contributes to any
research, technology, development, account, trading, marketing, promotion, or
sales and that relates to the Executive’s service with the Company or an
affiliate, directly or beneficially, manage, join, participate in the
management, operation or control of, or provide services to (as an employee,
consultant, independent contractor, or otherwise), or permit the use of his name
by, or provide financial or other assistance to, or be connected in

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any manner with, any other company, individual or business entity that directly
competes with the Company or its affiliates, without the express written
approval of the Board;

(b)
provide any service or assistance that (i) is of the general type of service or
assistance provided by the Executive to the Company or an affiliate, (ii)
relates to any technology, account, product, project or piece of work, with
which the Executive was involved during his employment with the Company or an
affiliate, and (iii) contributes to causing an entity to come within the
definition described in paragraph (a) above;

(c)
solicit or accept if offered to him, with or without solicitation, on his own
behalf or on behalf of any other person, the services of any person who is a
then current employee of the Company or an affiliate (or was an employee of the
Company or an affiliate during the two (2) years preceding such solicitation),
nor solicit any of the Company’s or an affiliate’s then current employees (or an
individual who was employed by or engaged by the Company or an affiliate during
the two (2) years preceding such solicitation) to terminate employment or an
engagement with the Company or an affiliate, nor agree to hire any then current
employee (or an individual who was an employee of the Company or an affiliate
during the year preceding such hire) of the Company or an affiliate into
employment with himself or any other company, individual or other business
entity;

 
(d)
directly or indirectly divert or attempt to divert from the Company any business
in which the Company has been actively engaged during the Term, nor interfere
with the relationships of the Company with its sources of business; or

(e)
make any statement, written or verbal, in any forum or media, or take any other
action, in disparagement of the Company or an affiliate. The statements
prohibited by this Section 7(e) include, without limitation, negative references
to the Company’s or an affiliate’s products, services, corporate policies,
officers and/or directors.

 
8.
Confidentiality. The Executive acknowledges that the Company or an affiliate may
disclose Secret or Confidential Information to the Executive during the Term to
enable him to perform his duties hereunder. The Executive agrees that, subject
to the following sentence, he shall not during the Term (except in connection
with the proper performance of his duties hereunder) and thereafter, without the
prior written consent of the Company, disclose to any person or entity any
material or significant Secret or Confidential Information concerning the
business of the Company or an affiliate. This paragraph shall not be applicable
if and to the extent the Executive is required to testify in a legislative,
judicial or regulatory proceeding pursuant to an order of Congress, any state or
local legislature, a judge, or an administrative law judge, or if such Secret or
Confidential Information is required to be disclosed by the Executive by any
law, regulation or order of any court or regulatory commission, department or
agency; provided that nothing in this Agreement shall be construed to limit the
Executive’s ability to provide information to any governmental agency. The
Executive further agrees that if his employment by the Company is terminated for
any reason, he shall not take with him, but shall leave with the Company, all
records and papers and all matter of whatever nature that bears Secret or
Confidential Information. For purposes of this Agreement, the term “Secret or
Confidential Information” shall include, without limitation, any and all
records, notes, memoranda, data, writings, research, personnel information,
customer information, clearing members’ information, the Company’s and any
affiliates’ financial information and plans, processes, methods, techniques,
systems, formulas, patents, models, devices, compilations, or any other
information of whatever nature in the possession or control of the Company or an
affiliate, that has not been published or disclosed to the general public or the
construction industry, provided that such term shall not include knowledge,
skills, and information that is common to the trade or profession of the
Executive.

9.
Release by the Executive. The Executive hereby releases and forever discharges
the Company and its past, present and future partners, affiliates, successors,
officers, directors, attorneys, agents and employees (collectively, the
“Employer Parties”) from any and all claims or causes of action that he had, has
or may have, known or unknown, relating to his employment with and/or
termination from the Company up until the date of this Agreement, including but
not limited to, any claims arising under Title VII of the Civil Rights Act of
1964 as amended by the Civil Rights Act of 1991 and the Lilly Ledbetter Fair Pay
Act of 2009, 42 U.S.C. § 2000(e), et seq.; the Federal Age Discrimination in
Employment Act as amended by the Older Workers Benefit Protection Act of 1990,
29 U.S.C. § 623, et seq.; the Americans with Disability Act, 42 U.S.C. § 12101,
et seq.; the Civil Rights Act of 1866 (42 U.S.C. § 1981); the Fair Labor
Standards Act of 1938, 29 U.S.C. § 201, et seq.; the Health Insurance
Portability and Accountability Act, 42 U.S.C. 1320, et seq.; the Consolidated
Omnibus Budget Reconciliation Act of 1985, 42 U.S.C. § 1395(c); Employee Order
11246; § 503 of the Rehabilitation Act of 1973, 29 U.S.C. §§ 701, et seq.; the
Family and Medical Leave Act, 29 U.S.C. §§ 2601, et seq.; the Employee
Retirement Income Security Act of 1974, as amended, 29 U.S.C. §§ 1132(a)(1)(B),
et seq.; the Fair Credit Reporting Act,

--------------------------------------------------------------------------------

15 U.S.C. § 1681, et seq.; the Worker Adjustment and Retraining Notification
Act, 29 U.S.C. § 2101, et seq.; Sarbanes-Oxley Act of 2002, Public Law 107-204,
including whistleblowing claims under 18 U.S.C. §§ 1514A and 1513(e); the
Illinois Human Rights Act, 775 ILCS 5/1-103, et seq.; the Cook County Human
Rights Ordinance, Ord. No. 93-0-13; the Illinois Wage Payment and Collection
Act, 820 ILCS 115/1, et seq.; the United States Constitution, including any
rights of privacy thereunder; claims for breach of express or implied contract,
including breach of the covenant of good faith and fair dealing; claims for
discrimination, retaliation or harassment of any kind; claims for defamation or
other personal or business injury of any kind; claims for unpaid wages, medical
expenses, or other benefits or compensation; any claims arising out of any and
all employee handbooks, policy and procedure manuals, and other policies and
practices of the Company and the Employer Parties; claims for attorneys’ fees
and costs; and any and all claims arising under any other federal, state, local,
foreign or international laws, statutes, regulations, or ordinances, as well as
any and all common law legal or equitable claims to any form of legal or
equitable relief, damages, compensation or benefits (except as set forth in
Section 9(b) below).

(a)
No Pending Claims. The Executive represents that, as of the date he signs this
Agreement, he has no charges, claims or lawsuits of any kind pending against the
Company or any of the Employer Parties that would fall within the scope of the
release set forth in Section 9.

(b)
Exclusion for Certain Claims. Notwithstanding the foregoing, the Company and the
Executive agree that the release set forth in Section 9 shall not apply to any
claims arising after the date the Executive signs this Agreement, nor shall
anything herein prevent the Executive or the Company from instituting any action
to enforce the terms of this Agreement. In addition, the Executive and the
Company agree that nothing herein shall be construed to prevent the Executive
from enforcing his rights, if any, under the Employee Retirement Income Security
Act of 1974, to recover any vested benefits. Further, the Executive and the
Company agree that nothing herein shall preclude the Executive from challenging
the validity of the Agreement under the ADEA. Finally, the parties agree and
acknowledge that the release set forth in Section 9 shall not be construed to
prevent the Executive from participating in or cooperating with any state or
federal agency investigation or charge of discrimination. However, the Executive
understands and agrees that he is releasing the Company from any and all claims
by which he is giving up the opportunity to recover any compensation, damages,
or any other form of relief in any proceeding brought by him or on his behalf.

10.
Remedies. The Executive consents and agrees that if he violates any provisions
of Sections 7 or 8 above, the Company shall be entitled, in addition to any
other remedies that they may have, including money damages, to an injunction to
be issued by a court of competent jurisdiction, restraining him from committing
or continuing any violation of Sections 7 or 8 above. If, at any time, the
Executive violates or threatens to violate, to any material extent, any of the
covenants or agreements set forth in Sections 7 or 8 above, the Company shall
have the right to terminate the employment of the Executive for Cause in
accordance with the provisions of Section 5 above. In the event that the
Executive is found to have breached any provision set forth in Section 7 above,
the time period provided for in that provision shall be deemed tolled (i.e., it
shall not begin to run) for so long as the Executive was in violation of that
provision.

 
11.
Assignment; Successors. This Agreement shall inure to the benefit of and be
binding upon the Company and its successors. The Company may not assign this
Agreement without the Executive’s written consent, except that the Company’s
obligations under this Agreement shall be the binding legal obligations of any
successor to the Company by sale, and in the event of any transaction that
results in the transfer of substantially all of the assets or business of the
Company, the Company shall use its best efforts to cause the transferee to
assume the obligations of the Company under this Agreement. The Executive may
not assign this Agreement during the Executive’s life. Upon the Executive’s
death, this Agreement shall inure to the benefit of the Executive’s heirs,
legatees and legal representatives of the Executive’s estate.

12.
Interpretation. The laws of the State of Illinois shall govern the validity,
interpretation, construction and performance of this Agreement, without regard
to the conflict of laws principles thereof. The Company and the Executive agree
that the jurisdiction and venue for any disputes arising under, or any action
brought to enforce, or otherwise relating to, this Agreement shall be
exclusively by arbitration, or in the courts (as provided by Section 26 below)
in the State of Illinois, Cook County, including the federal courts located
therein or responsible therefor (should federal jurisdiction exist), and the
Company and the Executive hereby submit and consent to said jurisdiction and
venue.

13.
Withholding. The Company may withhold from any payment that it is required to
make under this Agreement amounts sufficient to satisfy applicable withholding
requirements under any federal, state or local law. The Company may, at its
option (a) require the Executive to pay to the Company in cash such amount as
may be required to satisfy such withholding obligations or (b) make other
satisfactory arrangements with the Executive to satisfy such withholding
obligations.

--------------------------------------------------------------------------------

14.
Amendment or Termination. This Agreement may be amended at any time by written
agreement between the Company and the Executive.

15.
Notices. Notices given pursuant to this Agreement shall be in writing and shall
be deemed received when personally delivered, or on the date of written
confirmation of receipt by (a) overnight carrier, (b) telecopy, (c) registered
or certified mail, return receipt requested, addressee only, postage prepaid, or
(d) such other method of delivery that provides a written confirmation of
delivery. Notice to the Company shall be directed to:

 
Lead Director
Textura Corporation
1405 Lake Cook Road
Deerfield, Illinois 60015
 
With a copy to:
Ryan R. Lawrence
Textura Corporation
1405 Lake Cook Road
Deerfield, Illinois 60015

The Company may change the person(s) and/or address(es) to which the Executive
must give notice under this Section 15 by giving the Executive written notice of
such change, in accordance with the procedures described above. Notices to or
with respect to the Executive shall be directed to the Executive, or to the
Executive’s executors, personal representatives or distributees, if the
Executive is deceased, at the Executive’s home address on the records of the
Company.
 
16.
Severability. If any provisions(s) of this Agreement shall be found invalid or
unenforceable, in whole or in part, then it is the parties’ mutual desire that
such provision(s) be modified to the extent and in the manner necessary to
render the same valid and enforceable, and this Agreement shall be construed and
enforced to the maximum extent permitted by law, as if such provision(s) had
been originally incorporated herein as so modified or restricted, or as if such
provision(s) had not been originally incorporated herein, as the case may be.

17.
Entire Agreement. This Agreement sets forth the entire agreement and
understanding between the Company and the Executive and supersedes all prior
agreements and understandings, written or oral, relating to the subject matter
hereof, including, without limitation, the Prior Agreement, which is hereby
terminated.

18.
Consultation With Counsel; Attorney’s Fees. The Executive acknowledges that the
Executive has had a full and complete opportunity to consult with counsel of the
Executive’s own choosing concerning the terms, enforceability and implications
of this Agreement, and the Company has made no representations or warranties to
the Executive concerning the terms, enforceability or implications of this
Agreement other than as are reflected in this Agreement. The Company shall
reimburse the Executive reasonable attorney’s fees and expenses incurred in
conjunction with the negotiation of the terms of this Agreement, not to exceed
twenty-five thousand dollars ($25,000) in total. The Company shall use its best
efforts to reimburse such expenses no later than sixty (60) days following the
Executive’s submission of such expenses; provided, that such expenses shall be
reimbursed no later than December 15 of the year following the fiscal year in
which the expenses were incurred.

19.
No Waiver. No failure or delay by the Company or the Executive in enforcing or
exercising any right or remedy hereunder shall operate as a waiver thereof. No
modification, amendment or waiver of this Agreement or consent to any departure
by the Executive from any of the terms or conditions thereof, shall be effective
unless in writing and signed by the Chairman of the Board Compensation
Committee. Any such waiver or consent shall be effective only in the specific
instance and for the purpose for which given.

20.
Survival. All Sections of this Agreement survive beyond the Term except as
otherwise specifically stated.

 
21.
Headings and Certain Words. The headings in this Agreement are for convenience
of reference only and shall not limit or otherwise affect the meaning thereof.
All personal pronouns used in this Agreement, whether used in the masculine,
feminine, or neuter gender, include all other genders where the context so
requires. The singular includes the plural, and vice versa, where the context so
requires. “Includes,” “including,” and variations thereof mean without
limitation unless expressly stated otherwise. “Hereof,” “herein,” and variations
thereof refer to this entire Agreement unless the context requires otherwise.

--------------------------------------------------------------------------------

22.
Counterparts. The parties may execute this Agreement in one or more
counterparts, all of which together shall constitute but one Agreement.

23.
409A Compliance. To the extent any provision of this Agreement or action by the
Company would subject the Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent
permitted by law and deemed advisable by the Company. It is intended that this
Agreement will comply with Code Section 409A and the interpretive guidance
thereunder, including the exceptions for short-term deferrals, separation pay
arrangements, reimbursements, and in-kind distributions, and this Agreement
shall be administered accordingly, and interpreted and construed on a basis
consistent with such intent. Each payment under Section 5 above or any Company
benefit plan is intended to be treated as one of a series of separate payments
for purposes of Code Section 409A and Treasury Regulation §1.409A-2(b)(2)(iii)
(or any similar or successor provisions). To the extent any reimbursements or
in-kind benefit payments under this Agreement are subject to Code Section 409A,
such reimbursements and in-kind benefit payments shall be made in accordance
with Treasury Regulation §1.409A-3(i)(1)(iv) (or any similar or successor
provisions). This Agreement may be amended to the extent necessary (including
retroactively) by the Company in order to preserve compliance with Code Section
409A. The preceding shall not be construed as a guarantee of any particular tax
effect for the Executive’s compensation and benefits and the Company does not
guarantee that any compensation or benefits provided under this Agreement will
satisfy the provisions of Code Section 409A.

24.
Payments to Estate. The executor of the Executive’s estate shall be entitled to
receive all amounts owing to the Executive at the time of death under this
Agreement in full settlement and satisfaction of all claims and demands on
behalf of the Executive. Such payments shall be in addition to any other death
benefits of the Company and in full settlement and satisfaction of all severance
benefit payments provided for in this Agreement. In the event of the Executive’s
death or a judicial determination of the Executive’s incompetence, reference in
this Agreement to the “Executive” shall be deemed to refer, where appropriate,
to the Executive’s estate or other legal representative.

25.
Insurance; Indemnification. To the fullest extent permitted by law, the Company
shall indemnify the Executive (including the advancement of expenses) for any
judgments, fines, amounts paid in settlement and reasonable expenses, including
attorneys’ fees, incurred by the Executive in connection with the defense of any
lawsuit or other claim to which the Executive is made a party by reason of being
or having been an officer, director or employee of the Company or any of its
affiliates. In addition, the Executive shall be covered by director and officer
liability insurance to the maximum extent that such insurance maintained by the
Company from time to time covers any officer or director (or former officer or
director) of the Company. Any costs and expenses that are to be paid or
reimbursed pursuant to the preceding provisions of this Section 25 shall be
reimbursed in accordance with the requirements of Code Section 409A and Treasury
Regulation §1.409A-3(i)(1)(iv) (or any similar or successor provisions).

 
26.
Dispute Resolution. In the event of any dispute or claim relating to or arising
out of this Agreement, the Executive and Company agree that all such claims or
disputes shall be fully and finally resolved by confidential binding arbitration
conducted by the American Arbitration Association (“AAA”) in Chicago, Illinois
in accordance with the AAA’s National Rules for the Resolution of Employment
Disputes, provided that this arbitration provision shall not apply to, and
Company shall be free to seek, injunctive or other equitable relief with respect
to any actual or threatened breach or violation by the Executive of any
applicable non-compete, non-solicitation, confidentiality or similar restrictive
covenants with respect to the Executive, in any court having appropriate
jurisdiction. The Executive acknowledges that by accepting this arbitration
provision he is waiving any right to a jury trial in the event of a covered
dispute. The arbitrator may, but is not required to, order that the prevailing
party shall be entitled to recover from the losing party its attorneys’ fees and
costs incurred in any arbitration arising out of this Agreement. The arbitrator
shall have the right only to interpret and apply the provisions of this
Agreement and may not change any of its provisions. The arbitrator shall permit
reasonable pre-hearing discovery of facts, to the extent necessary to establish
a claim or a defense to a claim, subject to supervision by the arbitrator. The
determination of the arbitrator shall be conclusive and binding upon the parties
and judgment upon the same may be entered in any court having jurisdiction
thereof. The arbitrator shall give written notice to the parties stating the
arbitrator’s determination, and shall furnish to each party a signed copy of
such determination. Any arbitration or action pursuant to this Section 26 shall
be governed by and construed in accordance with the substantive laws of the
State of Illinois and, where applicable, federal law, without giving effect to
the principles of conflict of laws of Illinois. The Company shall not be
required to seek or participate in arbitration regarding any actual or
threatened breach of any applicable non-compete, non-solicitation,
confidentiality or similar restrictive covenants with respect to the Executive,
but may pursue its remedies, including injunctive relief, for such breach in a
court of competent jurisdiction in Chicago, Illinois, or in the sole discretion
of the Company, in a court of competent jurisdiction where the Executive has
committed or is threatening to commit a breach of the Executive’s covenants, and
no arbitrator may make any ruling inconsistent with the findings or rulings of
such court. The Company and the Executive agree that all aspects of any
arbitration procedure under this Agreement,

--------------------------------------------------------------------------------

including the hearing and the record of the proceedings, shall be confidential
and will not be open to the public, except to the extent the parties agree
otherwise in writing, or as may be appropriate in any subsequent proceedings
between the parties, or as may otherwise be appropriate in response to a
governmental agency or legal process or as may be required to be disclosed by
the Company pursuant to applicable law, rule or regulation to which the Company
is subject, including requirements of the Securities and Exchange Commission and
any stock exchanges on which the Company’s securities are listed.
 

IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the
date first written above.

EXECUTIVE
 
 
 
TEXTURA CORPORATION
 
 
 
 
 
 
 
 
 
 
 
 
 
 /s/ Patrick J. Allin
 
 
By:
 /s/ R. Michael Murray, Jr.
Patrick J. Allin
 
 
 
 
R. Michael Murray, Jr. 
 
 
 
 
Its:
 Lead Director
 
 
 
 
 
 
 
 
 
 
 
 
 
Date: May 5, 2015
Date: May 5, 2015

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EXHIBIT A
Form of Confidential Separation Agreement And General Release
This Confidential Separation Agreement and General Release (this “Agreement”) is
entered into by and between Patrick J. Allin (the “Executive”) and Textura
Corporation (the “Company”). In consideration of the promises, conditions and
obligations set forth in this Agreement, the Executive and the Company agree as
follows:
1.    Departure Date. The parties agree and acknowledge that the Executive’s
employment with the Company terminated effective [Insert Date] (the “Departure
Date”). Except as otherwise provided in this Agreement, the Executive
acknowledges that, as of the Departure Date, his participation in all of the
Company’s benefit and compensation plans ceased in accordance with the terms of
the applicable plan. As of the Departure Date, the Executive will have no
authority to make and will not make any representations, offers, promises,
commitments, obligations, agreements, adjustments, or contracts on behalf of the
Company. In addition, the Company will pay to the Executive all vested and
accrued benefits which accrued prior to the Departure Date.
2.    No Reemployment. The Executive agrees that he will not, at any time or in
any manner, knowingly seek or apply for employment, reinstatement, reemployment
or placement by or with the Company.
3.    Separation Amount. In consideration for the Executive entering into this
Agreement and abiding by all of its terms, the Company agrees to provide him
with the separation payments and benefits set forth in Section 5 of the
Transition Agreement by and between the Company and the Executive dated
[________, 2015] (the “Transition Agreement”), which the Executive acknowledges
and agrees is consideration to which he is not otherwise entitled (the
“Separation Amount”). The parties agree and acknowledge that the Separation
Amount constitutes sufficient consideration for the promises, releases and other
obligations in this Agreement.
4.    Notices and Vacation Pay. The Company agrees to pay to the Executive all
earned vacation or paid time off that accrued but remained unused as of the
Departure Date. The Executive further acknowledges that the Company has advised
him of his rights under COBRA, under separate cover.
5.    No Other Compensation or Benefits. The Executive acknowledges and agrees
that, except as otherwise provided for in this Agreement and the Transition
Agreement, he is not and will not be owed any other compensation or benefits.
6.    No Other Promises. The Executive agrees that no promise or inducement has
been offered or made to him except as set forth in this Agreement and the
Transition Agreement and that he is not relying on any other statement or
representation by the Company or any person(s) acting on its behalf.
7.    Non-Assignment of Rights. The Executive represents and warrants that he
has not sold, assigned, transferred, conveyed or otherwise disposed of to any
third party, any action, lawsuit, debt, obligation, agreement, guarantee,
judgment, damage, or claim of any nature whatsoever relating to any matter
covered in this Agreement.
8.    Non-Admission of Liability. The Executive and the Company agree that this
Agreement does not and shall not be deemed or construed as an admission of
liability or responsibility by the Executive or the Company for any purpose.
9.    Release by the Executive. In consideration of the Separation Amount, the
Executive hereby releases and forever discharges the Company and its past,
present and future partners, affiliates, successors, officers, directors,
attorneys, agents and employees (collectively, the “Employer Parties”) from any
and all claims or causes of action that he had, has or may have, known or
unknown, relating to his employment with and/or termination from the Company up
until the date of this Agreement, including but not limited to, any claims
arising under Title VII of the Civil Rights Act of 1964 as amended by the Civil
Rights Act of 1991 and the Lilly Ledbetter Fair Pay Act of 2009, 42 U.S.C. §
2000(e), et seq.; the Federal Age Discrimination in Employment Act as amended by
the Older Workers Benefit Protection Act of 1990, 29 U.S.C. § 623, et seq.; the
Americans with Disability Act, 42 U.S.C. § 12101, et seq.; the Civil Rights Act
of 1866 (42 U.S.C. § 1981); the Fair Labor Standards Act of 1938, 29 U.S.C. §
201, et seq.; the Health Insurance Portability and Accountability Act, 42 U.S.C.
1320, et seq.; the Consolidated Omnibus Budget Reconciliation Act of 1985, 42
U.S.C. § 1395(c); Employee Order 11246; § 503 of the Rehabilitation Act of 1973,
29 U.S.C. §§ 701, et seq.; the Family and Medical Leave Act, 29 U.S.C. §§ 2601,
et seq.; the Employee Retirement Income Security Act of 1974, as amended, 29
U.S.C. §§ 1132(a)(1)(B), et seq.; the Fair Credit Reporting Act, 15 U.S.C. §
1681, et seq.; the Worker Adjustment and Retraining Notification Act, 29 U.S.C.
§ 2101, et seq.; Sarbanes-Oxley Act of 2002, Public Law 107-204, including
whistleblowing claims under 18 U.S.C. §§ 1514A and 1513(e); the Illinois

--------------------------------------------------------------------------------

Human Rights Act, 775 ILCS 5/1-103, et seq.; the Cook County Human Rights
Ordinance, Ord. No. 93-0-13; the Illinois Wage Payment and Collection Act, 820
ILCS 115/1, et seq.; the United States Constitution, including any rights of
privacy thereunder; claims for breach of express or implied contract, including
breach of the covenant of good faith and fair dealing; claims for
discrimination, retaliation or harassment of any kind; claims for defamation or
other personal or business injury of any kind; claims for unpaid wages, medical
expenses, or other benefits or compensation; any claims arising out of any and
all employee handbooks, policy and procedure manuals, and other policies and
practices of the Company and the Employer Parties; claims for attorneys’ fees
and costs; and any and all claims arising under any other federal, state, local,
foreign or international laws, statutes, regulations, or ordinances, as well as
any and all common law legal or equitable claims to any form of legal or
equitable relief, damages, compensation or benefits (except as set forth in
Section 9(b) below).
(a)    No Pending Claims. The Executive represents that, as of the date he signs
this Agreement, he has no charges, claims or lawsuits of any kind pending
against the Company or any of the Employer Parties that would fall within the
scope of the release set forth in Section 9.
(b)    Exclusion for Certain Claims. Notwithstanding the foregoing, the Company
and the Executive agree that the release set forth in Section 9 shall not apply
to any claims arising after the date the Executive signs this Agreement, nor
shall anything herein prevent the Executive or the Company from instituting any
action to enforce the terms of this Agreement. In addition, the Executive and
the Company agree that nothing herein shall be construed to prevent the
Executive from enforcing his rights, if any, under the Employee Retirement
Income Security Act of 1974, to recover any vested benefits. Further, the
Executive and the Company agree that nothing herein shall preclude the Executive
from challenging the validity of the Agreement under the ADEA. Finally, the
parties agree and acknowledge that the release set forth in Section 9 shall not
be construed to prevent the Executive from participating in or cooperating with
any state or federal agency investigation or charge of discrimination. However,
the Executive understands and agrees that he is releasing the Company from any
and all claims by which he is giving up the opportunity to recover any
compensation, damages, or any other form of relief in any proceeding brought by
him or on his behalf.
10.    Non-Disparagement. The Executive will not make, or cause to be made, any
statement or communicate any information (whether oral or written) that
disparages, reflects negatively upon or otherwise impairs the reputation,
goodwill or commercial interests of the Company or any of its employees or
officers. Neither the Company’s Board of Directors nor the senior executive
officers of the Company will make, or cause to be made, any statement or
communicate any information (whether oral or written) that disparages, reflects
negatively upon or otherwise impairs the reputation, goodwill or commercial
interests of the Executive.
11.    Confidentiality.
(a)    Confidentiality of Agreement. The Executive and the Company agree that
the terms of this Agreement are confidential and shall be accorded the utmost
confidentiality. The Executive agrees not to disclose these matters to any third
party except for his immediate family members, tax or legal advisor(s), or
except as disclosure of such matters may be required by law. The Executive
further agrees and declares that he, his agents, and anyone else he has told
have not and will not violate any of the conditions of this Section 11. The
Executive understands that a violation of this Section 11 would cause
irreparable harm to the Company in an amount incapable of precise determination.
(b)    Non-Disclosure of Company Confidential Information. The Executive agrees
that he shall not at any time use or disclose any Confidential Information (as
defined below) of the Company, its related companies or its affiliates, except
as may be required in the course of any litigation (including administrative
investigations, hearings and arbitrations), in which event the Executive agrees
to immediately notify the Company of the purported requirement and he agrees to
fully cooperate with the Company, its officers, attorneys, representatives, or
agents, as requested provided that nothing in this Agreement shall be construed
to limit the Executive’s ability to provide information to any governmental
agency. “Confidential Information” means information not generally known outside
of the Company, its related companies or affiliates, relating to their finances,
methods or manner of doing business, pricing, products, personnel policies or
information, planning, processes or other similar matters. This includes, but is
not limited to, any and all financial records and data; sales records and data;
customer lists; sales and/or marketing plans, forecasts and/or projections;
market data and/or studies; technical and other proprietary information,
including but not limited to formulas, proprietary manufacturing processes and
proprietary equipment; trade secrets; product lists and data; contracts;
personnel information; project or product development information; written
proposals and studies; other strategic business information; and proprietary
software developed by or for the benefit or use of the Company. The Executive
acknowledges that his breach of this provision would cause irreparable

--------------------------------------------------------------------------------

harm to the Company, incapable of being compensated solely by an award of money
damages and he therefore agrees that the Company shall be entitled to injunctive
relief and/or equitable relief (without the necessity of proving any actual
damages or that money damages would not afford an adequate remedy), and recovery
of such monetary relief as is able to prove at trial. The Executive agrees that,
should a court of competent jurisdiction determine that the Company has breached
this provision, the Company shall be entitled to recover the costs it incurred
(including but not limited to reasonable attorneys’ fees) to enforce this
provision.
12.    Notices. All notices, requests, demands and other communications
regarding this Agreement shall be in writing and delivered in person, sent by
registered or certified mail, postage prepaid, return receipt requested, or
facsimile, and addressed as follows:
To the Company:     Textura Corporation
              1405 Lake Cook Road
              Deerfield, Illinois 60015
              Attention: [__________________]
       
 
To Executive:         Patrick J. Allin
                     [Insert Address]

13.    General and Miscellaneous. The Executive and the Company agree that this
Agreement and the Transition Agreement constitute the entire agreement between
the Executive and the Company, and that this Agreement supersedes any and all
prior and/or contemporaneous written and/or oral agreements relating to the
Executive’s employment with the Company and termination therefrom, except to the
extent any provisions of the Transition Agreement survive past the Executive’s
termination of employment in accordance with their terms. This Agreement shall
be binding upon, enforceable by, and inure to the benefit of the Executive and
the Company and their successors and permitted assigns. This Agreement may not
be modified except by written document, signed by the Executive and the Company.
A waiver of any claim arising out of this Agreement must be in writing signed by
the party to be bound by such waiver.
14.    Severability. If any provision of this Agreement is found to be
unenforceable, in whole or in part, then that provision will be eliminated,
modified or restricted in whatever manner is necessary to make the provision
and/or the remaining provisions enforceable to the maximum extent allowable by
law.
15.    Applicable Law. The Executive and the Company agree that this Agreement
shall be governed by the laws of the State of Illinois, without reference to
conflict of law principles.
16.    Nonwaiver. The waiver by the Company of a breach of any provision of this
Agreement by the Executive shall not operate or be construed as a waiver of any
subsequent breach by the Executive, and the wavier by the Executive of a breach
of any provision of this Agreement by the Company shall not operate or be
construed as a waiver of any subsequent breach by the Company.
17.    Jurisdiction. In the event of any dispute or claim relating to or arising
out of this Agreement, the Executive and Company agree that all such claims or
disputes shall be fully and finally resolved by confidential binding arbitration
conducted by the American Arbitration Association (“AAA”) in Chicago, Illinois
in accordance with the AAA’s National Rules for the Resolution of Employment
Disputes, provided that this arbitration provision shall not apply to, and
Company shall be free to seek, injunctive or other equitable relief with respect
to any actual or threatened breach or violation by the Executive of any
applicable non-compete, non-solicitation, confidentiality or similar restrictive
covenants with respect to the Executive, in any court having appropriate
jurisdiction. The Executive acknowledges that by accepting this arbitration
provision he is waiving any right to a jury trial in the event of a covered
dispute. The arbitrator may, but is not required to, order that the prevailing
party shall be entitled to recover from the losing party its attorneys’ fees and
costs incurred in any arbitration arising out of this Agreement. The arbitrator
shall have the right only to interpret and apply the provisions of this
Agreement and may not change any of its provisions. The arbitrator shall permit
reasonable pre-hearing discovery of facts, to the extent necessary to establish
a claim or a defense to a claim, subject to supervision by the arbitrator. The
determination of the arbitrator shall be conclusive and binding upon the parties
and judgment upon the same may be entered in any court having jurisdiction
thereof. The arbitrator shall give written notice to the parties stating the
arbitrator’s determination, and shall furnish to each party a signed copy of
such determination. Any arbitration or action pursuant to this Section 17 shall
be governed by and construed in accordance with the substantive laws of the
State of Illinois and, where applicable, federal law, without giving effect to
the principles of conflict of laws of Illinois. The Company shall not be
required to seek or participate in arbitration regarding any actual or
threatened breach of any applicable non-compete, non-solicitation,
confidentiality or similar restrictive covenants with

--------------------------------------------------------------------------------

respect to the Executive, but may pursue its remedies, including injunctive
relief, for such breach in a court of competent jurisdiction in Chicago,
Illinois, or in the sole discretion of the Company, in a court of competent
jurisdiction where the Executive has committed or is threatening to commit a
breach of the Executive’s covenants, and no arbitrator may make any ruling
inconsistent with the findings or rulings of such court. The Company and the
Executive agree that all aspects of any arbitration procedure under this
Agreement, including the hearing and the record of the proceedings, shall be
confidential and will not be open to the public, except to the extent the
parties agree otherwise in writing, or as may be appropriate in any subsequent
proceedings between the parties, or as may otherwise be appropriate in response
to a governmental agency or legal process or as may be required to be disclosed
by the Company pursuant to applicable law, rule or regulation to which the
Company is subject, including requirements of the Securities and Exchange
Commission and any stock exchanges on which the Company’s securities are listed.
18.    Knowing and Voluntary Action. The Executive acknowledges that (a) he has
been advised in writing to consult an attorney before signing this Agreement;
(b) he has read this Agreement; (c) he has been given a sufficient period of
time, up to twenty-one (21) days as set forth below, to consider this Agreement;
(d) he understands the meaning and application of this Agreement; and (e) he is
signing this Agreement of his own free will, with the intent of being bound by
it.
19.    Consideration Period. The Executive acknowledges that he has been given a
period of at least twenty-one (21) days to consider the terms of this Agreement
and, if the Executive should execute it prior to the expiration of the
twenty-one day consideration period, the Executive knowingly waives his right to
consider this Agreement for twenty-one (21) days. The parties further agree that
any changes to the terms of the offer set forth in this Agreement, material or
immaterial, shall not restart the running of this twenty-one (21) day
consideration period. Upon the expiration of this twenty-one day (21)
consideration period, the offer set forth in this Agreement will expire and
terminate.
20.    Revocation Period. The Executive further acknowledges that the Executive
may, for a period of seven (7) days following the execution of this Agreement,
revoke acceptance thereof. This revocation must be done in writing and delivered
before the close of business on the seventh (7th) day to the individuals
identified in Section 12. This Agreement shall not become effective until the
expiration of this seven (7) day revocation period. If the Executive exercises
his right to revoke this Agreement within this seven (7) day revocation period,
all terms of this Agreement shall be void and of no effect, and the Company
shall have no obligations hereunder.
21.    Effective Date. The Executive agrees and acknowledges that this Agreement
shall become effective upon the expiration of the revocation period described in
Section 20, provided that the Executive has signed this Agreement within the
consideration period described in Section 19 and has not validly revoked that
acceptance within the revocation period described in Section 20.
22.    Counterparts. This Agreement may be signed in counterparts, each
counterpart being an original.
23.    Headings. Section, paragraph, and other captions or headings contained in
this Agreement are inserted as a matter of convenience and for reference, and in
no way define, limit, extend or otherwise describe the scope or intent of this
Agreement or any provision hereof and shall not affect in any way the meaning or
interpretation of this Agreement.
24.    Code Section 409A Compliance. To the extent any provision of this
Agreement or action by the Company would subject the Executive to liability for
interest or additional taxes under Section 409A of the Internal Revenue Code
(the “Code”), it shall be deemed null and void, to the extent permitted by law
and deemed advisable by the Company. It is intended that this Agreement will
comply with Code Section 409A and the interpretive guidance thereunder,
including the exceptions for short-term deferrals, separation pay arrangements,
reimbursements, and in-kind distributions, and this Agreement shall be
administered accordingly, and interpreted and construed on a basis consistent
with such intent. Each payment of any amount that constitutes a Separation
Amount or any Company benefit plan is intended to be treated as one of a series
of separate payments for purposes of Code Section 409A and Treasury Regulation
§1.409A-2(b)(2)(iii) (or any similar or successor provisions). To the extent any
reimbursements or in-kind benefit payments under this Agreement are subject to
Code Section 409A, such reimbursements and in-kind benefit payments shall be
made in accordance with Treasury Regulation §1.409A-3(i)(1)(iv) (or any similar
or successor provisions). The preceding shall not be construed as a guarantee of
any particular tax effect for the Executive’s compensation and benefits and the
Company does not guarantee that any compensation or benefits provided under this
Agreement will satisfy the provisions of Code Section 409A.