RGM Capital LLC

Item 5.        Fees and Compensation

 The Adviser’s normal practice is to charge each client an investment management fee, generally 1.0% per annum,
 based on the value of the client’s assets under management. Investment management fees are charged each
 quarter in advance or in arrears based on the total market value of the assets in the client account (including net
 unrealized appreciation or depreciation of investments and cash, cash equivalents and accrued interest) on the
 first day of the quarter. If a new client account is established during a quarter or a client makes an addition to its
 account during a quarter, the investment management fee will be charged as of the effective date of the
 investment management agreement or the date of the additional contribution based on the value of the assets as
 of the applicable date and will be prorated for the number of days remaining in the quarter.

 The Adviser is also eligible to receive performance-based allocations from its clients that are private pooled
 investment vehicles. Such performance allocations that the Adviser is eligible to receive would be equal to 20%
 of each limited partner’s share of net profits for any year, payable after year end. Under certain circumstances,
 receipt of the aforementioned performance-based allocations may be subject to net profits above an index
 benchmark hurdle rate. The Adviser is also eligible to receive performance fees from other clients that are not
 private pooled investment vehicles.

 The investment management fee and the performance-based allocation applicable to private pooled investment
 vehicles are generally not negotiable; provided that the Adviser may waive or reduce such fees and allocations
 for certain investors in a private pooled investment vehicle that are members, principals, employees or affiliates
 of the Adviser, relatives of such persons and for certain large or strategic investors. Investment management and
 performance fees attributable to clients that have entered into an investment management agreement with the
 Adviser are generally negotiable.

 The Adviser is paid investment management fees from client accounts that are private pooled investment vehicles
 by instructing the clients’ custodians on a quarterly basis. Similarly, if entitled to a performance allocation from
 client accounts that are private pooled investment vehicles, the Adviser instructs the clients’ custodians after year
 end (or other applicable period). The Adviser submits management fee and performance fee invoices directly to
 separately managed account clients.

 In addition to paying investment management fees and performance fees or allocations (as applicable for any
 period), client accounts will also be subject to other expenses associated with investing, including custodial
 charges, brokerage fees, commissions and related transaction costs, interest expenses, taxes, duties and other
 governmental charges, transfer and registration fees or similar expenses, costs associated with foreign exchange
 transactions, other portfolio expenses and costs, expenses and fees (including investment advisory and other
 fees charged by investment advisers to vehicles in which the client’s account invests) associated with products
 or services that may be necessary or incidental to investments. In cases of pooled investment vehicles, clients
 will bear their pro rata share of the underlying vehicle’s operating and other expenses including, in addition to
 those listed above: internal and external accounting, audit and tax preparation expenses and organizational
 expenses. In cases of separately managed accounts, clients will bear the accounts’ operating and other expenses
 including, in addition to those listed above: internal and external accounting and audit and tax preparation
 expenses to the extent applicable. Please refer to Item 12 of this Brochure for a discussion of the Adviser’s

Item 7.        Types of Clients

 The Adviser’s clients generally consist of private pooled investment vehicles in the form of private limited
 partnerships (RGM Value Opportunity Fund, LP; RGM Value Opportunity Fund II, LP; and RGM Value
 Opportunity IV, LP; which may be collectively referred to herein as the “RGM Funds”), and institutional investors,
 pension and profit-sharing plans and charitable organizations.

 The Adviser generally requires that clients maintain a minimum account size of $50,000,000 for separately
 managed accounts.

 With respect to an RGM Fund, any initial and additional subscription minimums are disclosed in the offering
 memorandum for the private pooled investment vehicle; provided that the minimum investment amount is
 generally $1 million. The Adviser may waive the investment minimum for investors that are members, principals,
 employees or affiliates of the Adviser, relatives of such persons and for certain large or strategic investors.