<SEC-DOCUMENT>0001062993-16-010388.txt : 20160630
<SEC-HEADER>0001062993-16-010388.hdr.sgml : 20160630
<ACCEPTANCE-DATETIME>20160630172013
ACCESSION NUMBER:		0001062993-16-010388
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20160630
DATE AS OF CHANGE:		20160630
GROUP MEMBERS:		CHARLES DE LARDEMELLE
GROUP MEMBERS:		CHARLES DE VAULX

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEVRY EDUCATION GROUP INC.
		CENTRAL INDEX KEY:			0000730464
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				363150143
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0811

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43087
		FILM NUMBER:		161743922

	BUSINESS ADDRESS:	
		STREET 1:		3005 HIGHLAND PARKWAY
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515
		BUSINESS PHONE:		6305157700

	MAIL ADDRESS:	
		STREET 1:		3005 HIGHLAND PARKWAY
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEVRY EDUCATION GROUP
		DATE OF NAME CHANGE:	20131105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEVRY INC
		DATE OF NAME CHANGE:	19940218

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			International Value Advisers, LLC
		CENTRAL INDEX KEY:			0001456417
		IRS NUMBER:				412253838

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-584-3570

	MAIL ADDRESS:	
		STREET 1:		717 FIFTH AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sched13da.htm
<DESCRIPTION>FORM SC 13D/A
<TEXT>
<HTML>
<HEAD>
   <TITLE>International Value Advisers, LLC - Schedule 13D/A - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C. 20549
</P>
<P align=center><B><FONT size=5>SCHEDULE 13D </FONT></B></P>
<P align=center><B>INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
</B><BR><B>TO &#167; 240.13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO &#167; 240.13d
-2(a) </B><BR><B>(Amendment No. 1)* </B><BR></P>
<P align=center><B><U><FONT size=5>DEVRY EDUCATION GROUP INC.
</FONT></U></B><BR>(Name of Issuer) </P>
<P align=center><B><U>Common Stock, par value $0.01</U></B><B> </B><BR>(Title
of Class of Securities) </P>
<P align=center><B><U>251893103 </U></B><BR>(CUSIP Number) </P>
<P align=center><B>Shanda Scibilia </B><BR><B>International Value Advisers, LLC
</B><BR><B>717 Fifth Avenue, 10th Floor </B><BR><B>New York, NY 10022
</B><BR><B><U>(212) 584-3570</U></B><B> </B><BR>(Name, Address and Telephone
Number of Person Authorized to Receive Notices and Communications) </P>
<P align=center><B><U>June 29, 2016</U></B><B> </B><BR>(Date of Event Which
Requires Filing of This Statement) </P>
<P align=justify>If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
13d-1(g), check the following box [&nbsp;&nbsp; ]. </P>
<P align=justify><B>Note. </B>Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. <I>See
</I>&#167; 240.13d -7 for other parties to whom copies are to be sent. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>
      <P align=justify>* </P></TD>
    <TD align=left width="95%" >
      <P align=justify>The remainder of this cover page shall be filled out for
      a reporting person&#146;s initial filing on this form with respect to the
      subject class of securities, and for any subsequent amendment containing
      information which would alter disclosures provided in a prior cover page.
      </P></TD></TR></TABLE>
<P align=justify>The information required on the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, <I>see </I>the <I>Notes.</I>) </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify>CUSIP No. 251893103 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0 BCLLIST>

  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">1. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid">
      <P align=justify>Names of Reporting Persons.</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;&nbsp;</TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>I.R.S. Identification Nos. of above persons (entities
      only).</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>International Value Advisers, LLC</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">2. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check the Appropriate Box if a Member of a Group (See
      Instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">3. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>SEC Use Only</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%" >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    >&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">4. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Source of Funds</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>AF</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">5. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check Box if Disclosure of Legal Proceeding is Required
      Pursuant to Items 2(d) or 2(e) <BR>[&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">6. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Citizenship or Place of Organization</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>Delaware, United States</P></TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >7. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%">Sole Voting Power </TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >Number of </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%">0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >Shares </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >8. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%">Shared Voting Power </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >Beneficially </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >owned by </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%">11,414,354 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >Each </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >9. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%">Sole Dispositive Power </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >Reporting </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >Person </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%">0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center >With: </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >10. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%">Shared Dispositive Power </TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%">12,221,652 </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0 BCLLIST>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">11. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Aggregate Amount Beneficially Owned by Each Reporting
      Person</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>12,221,652</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">12. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check if the Aggregate Amount in Row (9) Excludes Certain
      Shares (See Instructions)</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>[&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">13. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Percent of Class Represented by Amount in Row (11)
      <BR>19.5%</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">14. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Type of Reporting Person (See Instructions)</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>IA</P></TD></TR></TABLE></DIV><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify>CUSIP No. 251893103 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0 BCLLIST>

  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">1. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid">
      <P align=justify>Names of Reporting Persons.</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top>I.R.S. Identification Nos. of above persons (entities
  only).</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>Charles de Vaulx</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">2. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check the Appropriate Box if a Member of a Group (See
      Instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">3. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>SEC Use Only</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%" >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    >&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">4. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Source of Funds</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top>OO </TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">5. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check Box if Disclosure of Legal Proceeding is Required
      Pursuant to Items 2(d) or 2(e) <BR>[&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">6. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Citizenship or Place of Organization</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>France</P></TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >7. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Sole Voting Power </TD></TR>
  <TR>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;
    </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Number of </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Shares </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >8. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Shared Voting Power </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Beneficially </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>owned by </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >11,414,354 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Each </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >9. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Sole Dispositive Power </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Reporting </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Person </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>With: </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >10. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Shared Dispositive Power </TD></TR>
  <TR>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;
    </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >12,221,652 </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0 BCLLIST>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">11. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Aggregate Amount Beneficially Owned by Each Reporting
      Person</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>12,221,652</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">12. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check if the Aggregate Amount in Row (9) Excludes Certain
      Shares (See Instructions)</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>[&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">13. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Percent of Class Represented by Amount in Row (11)
      <BR>19.5%</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">14. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Type of Reporting Person (See Instructions)</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>IN</P></TD></TR></TABLE></DIV><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=justify>CUSIP No. 251893103 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0 BCLLIST>

  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">1. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>Names of Reporting Persons.</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top align=left>I. R.S. Identification Nos. of above persons
      (entities only).</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp;</TD>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>Charles de Lardemelle</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">2. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>Check the Appropriate Box if a Member of a Group (See
      Instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [&nbsp;&nbsp; ]</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">3. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>SEC Use Only</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">4. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>Source of Funds</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=left>OO </TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">5. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>Check Box if Disclosure of Legal Proceeding is Required
      Pursuant to Items 2(d) or 2(e)<BR>[&nbsp;&nbsp; ]</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">6. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>Citizenship or Place of Organization</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>United States</TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >7. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Sole Voting Power </TD></TR>
  <TR>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;
    </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Number of </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Shares </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >8. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Shared Voting Power </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Beneficially </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>owned by </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Each </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >9. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Sole Dispositive Power </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Reporting </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>Person </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >0 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center>With: </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="5%" >10. </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left width="85%" >Shared Dispositive Power </TD></TR>
  <TR>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;
    </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%" >&nbsp; </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="85%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%" >&nbsp; </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="85%" >12,221,652 </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0 BCLLIST>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">11. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Aggregate Amount Beneficially Owned by Each Reporting
      Person</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>12,221,652</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">12. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Check if the Aggregate Amount in Row (9) Excludes Certain
      Shares (See Instructions)</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>[&nbsp;&nbsp; ]</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">13. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Percent of Class Represented by Amount in Row (11)
      <BR>19.5%</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    vAlign=top width="5%">14. </TD>
    <TD
      style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P
      align=justify>Type of Reporting Person (See Instructions)</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="5%">&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>IN</P></TD></TR></TABLE></DIV><BR>
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<A name=page_5></A>
<P align=center><B>EXPLANATORY NOTE </B></P>
<P align=justify>This Amendment No. 1 to Schedule 13D (the &#147;Amendment&#148;) is being
filed with respect to the Reporting Persons&#146; beneficial ownership in DeVry
Education Group Inc. (&#147;DeVry&#148; or the &#147;Issuer&#148;). This Amendment supplements the
Schedule 13D as previously filed on June 22, 2016 (as amended, the &#147;Schedule
13D&#148;). Each Item below amends and supplements the information disclosed under
the corresponding Item of the Schedule 13D. Unless otherwise indicated herein,
capitalized terms used but not defined in this Amendment shall have the same
meaning herein as are ascribed to such terms in Schedule 13D.</P>
<P align=justify><B>Item 4. Purpose of Transaction </B></P>
<P align=justify>Item 4 is hereby amended to add the following: </P>
<P align=justify>On June 29, 2016, the Issuer entered into a Support Agreement
with International Value Advisers, LLC (&#147;IVA&#148;), Michael W. Malafronte, the
Managing Partner of IVA, and certain other parties related to IVA (the
&#147;Agreement&#148;). In connection with the execution of the Agreement, Mr. Malafronte
was appointed to the Issuer&#146;s board of directors as the &#147;IVA Designee&#148; under the
Agreement. The Agreement provides that unless the IVA Designee has resigned from
the board of directors, the Issuer&#146;s slate of nominees for election as directors
at the Issuer&#146;s 2016 annual meeting of stockholders shall include the IVA
Designee. The Agreement further provides that for any annual meeting at which
the IVA Designee is nominated by the Issuer, the Issuer will use reasonable best
efforts to cause the election of the IVA Designee to the board of directors at
such annual meeting. In addition, subject to certain exceptions, if the IVA
Designee resigns from the board of directors or for any other reason is not
serving on the Issuer&#146;s board of directors, then IVA shall be entitled to
designate a replacement board member for such IVA Designee that is reasonably
satisfactory to the Issuer&#146;s board of directors (and such replacement shall be
deemed to be a &#147;IVA Designee&#148; under the Agreement). The Agreement also provides
that so long as the IVA Designee serves on the board of directors (subject to
the Issuer&#146;s compliance with NYSE listing requirements and similar rules
regarding independence of directors and committee members), the IVA Designee
shall be, and concurrently with the execution of the Agreement the IVA Designee
has been, appointed to (i) the compensation committee of the board of directors,
(ii) the nominating committee of the board of directors and (iii) the external
relations committee of the board of directors. The Issuer has agreed that for so
long as the IVA Designee is on the Issuer&#146;s board of directors, the Issuer shall
notify IVA, in writing, as to the board&#146;s decision whether or not to nominate
the IVA Designee for election at any annual meeting of stockholders following
the 2016 annual meeting not later than 30 days prior to the advance notice
deadline for making director nominations at such annual meeting. </P>
<P align=justify>The Issuer shall have no further obligations with respect to
the nominating and election of an IVA Designee, and the IVA Designee shall
resign from the board of directors, if at any time after the date of the
Agreement (a) IVA, together with IVA affiliates, ceases collectively to
beneficially own at least 10% of the Issuer&#146;s outstanding shares of common
stock, or (b) IVA or the IVA Designee materially breaches any obligation under
the Agreement and fails to cure such breach within 10 business days after
receipt by IVA of written notice from the Issuer specifying any such breach.
</P>
<P align=justify>IVA has agreed to certain standstill provisions in the
Agreement, including without limitation that IVA will not, during the standstill
period, acquire beneficial ownership of any voting securities such that IVA and
IVA affiliates would collectively beneficially own more than 19.9% of the
Issuer&#146;s issued and outstanding voting securities at such time. In addition,
until the end of the standstill period, IVA has agreed that IVA and IVA
affiliates shall cause all voting securities of the Issuer owned by IVA or IVA
affiliates directly or indirectly as of the record date for any annual or
special meeting of the Issuer&#146;s stockholders within the standstill period not to
be voted at such stockholders meetings to cause a majority of the board of
directors of the Issuer to be comprised of directors that were not nominated by
the Issuer&#146;s board for election as a director. The standstill period is from the
date of the Agreement until such time as the IVA Designee (or his replacement)
is no longer a member of the board of directors.</P>
<P align=justify>The foregoing description of the Agreement does not purport to
be complete and is qualified in its entirety by reference to the Agreement, a
copy of which is attached hereto as <U>Exhibit C</U> and is incorporated herein
by reference. </P>
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<A name=page_6></A>
<P align=justify><B>Item 7. Material to be Filed as Exhibits </B></P>
<P align=justify>Item 7 is hereby amended to add the following:</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>
    <P align=justify><a href="exhibitc.htm"><U>Exhibit C</U> </a></P></TD>
    <TD align=left width="85%" bgColor=#eeeeee>
      <P align=justify><a href="exhibitc.htm">Support Agreement, dated June 29, 2016, by and among
      DeVry Education Group, Inc., International Value Advisers, LLC (&#147;IVA&#148;),
  and Michael W. Malafronte. </a></P></TD></TR></TABLE>
<BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_7></A>
<P align=center><B>SIGNATURE</B> </P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of his
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.</P>
<P align=justify>Dated: June 30, 2016</P>
<P style="MARGIN-LEFT: 50%" align=justify><B>International Value Advisers, LLC
</B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="10%" >By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >/s/ Michael W. Malafronte </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="10%" >Name: </TD>
    <TD align=left width="40%" >Michael W. Malafronte </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="10%" >Title: </TD>
    <TD align=left width="40%" >Managing Partner
</TD></TR></TABLE>
<P>&nbsp;</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%"><B>Charles de Vaulx</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">/s/
      Charles de Vaulx </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%"><B>Charles de Lardemelle</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">/s/
      Charles de Lardemelle </TD></TR></TABLE><BR>
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<P align=center><B>EXHIBIT INDEX </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>Exhibit A </TD>
    <TD align=left width="85%" bgColor=#eeeeee>Transactions in Shares that
      were effected by IVA during the past sixty days* </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="85%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>Exhibit B </TD>
    <TD align=left width="85%" bgColor=#eeeeee>Joint Filing Agreement* </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="85%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>
    <P align=justify><a href="exhibitc.htm">Exhibit C </a></P></TD>
    <TD align=left width="85%" bgColor=#eeeeee>
      <P align=justify><a href="exhibitc.htm">Support Agreement, dated June 29, 2016, by and among
      DeVry Education Group, Inc., International Value Advisers, LLC (&#147;IVA&#148;),
  and Michael W. Malafronte. </a></P></TD></TR></TABLE>
<P align=justify>*Previously Filed </P>
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</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.C
<SEQUENCE>2
<FILENAME>exhibitc.htm
<DESCRIPTION>EXHIBIT C
<TEXT>
<HTML>
<HEAD>
   <TITLE>International Value Advisers, LLC - Exhibit C - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=right><U>EXECUTION VERSION</U> </P>
<P align=center><B>SUPPORT AGREEMENT </B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Support Agreement, dated as of June 29, 2016
(this &#147;<U>Agreement</U>&#148;), is by and among the Persons (as defined herein)
listed on <U>Schedule A</U> hereto (collectively, &#147;<U>IVA</U>,&#148; and each
individually, a &#147;<U>member</U>&#148; of IVA), DeVry Education Group Inc., a Delaware
corporation (the &#147;<U>Company</U>&#148;), and Michael W. Malafronte, in his individual
capacity and as a member of IVA (the &#147;<U>IVA Designee</U>&#148;).</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
IVA and its Affiliates (as defined herein) collectively beneficially own, an
aggregate of 12,221,652 shares of common stock of the Company, par value $0.01
(the &#147;<U>Common Stock</U>&#148;); </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Company has determined that it is in the best interests of the Company and
its stockholders, and IVA and the IVA Designee have determined that it is in
their respective best interests, to come to an agreement with respect to certain
matters in respect of the Company&#146;s Board of Directors (the &#147;<U>Board</U>&#148;) and
certain other matters, as provided in this Agreement; and </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Nominating &amp; Governance Committee of the Board (the &#147;<U>Nominating</U>
<U>Committee</U>&#148;) and the Board have considered the qualifications of the IVA
Designee and conducted such review as they have deemed appropriate, including as
to (i) reviewing materials provided by the IVA Designee and IVA and (ii)
conducting interviews between the IVA Designee and certain members of the
Nominating Committee and the Board; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of and reliance upon the mutual covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Board Representation and Board Matters</U>. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Concurrently with the execution of this Agreement, the Company has (i) increased
the size of the Board by one (1) director to ten (10) directors and (ii)
appointed the IVA Designee to serve as a director of the Company. Prior to the
date hereof, the IVA Designee has delivered and the Company has accepted (x) a
completed standard director and officer questionnaire of the Company (the
&#147;<U>D&amp;O Questionnaire</U>&#148;), (y) an executed letter in the form attached
hereto as <U>Exhibit A</U> (the &#147;<U>IVA Designee Letter</U>&#148;) and (z) the
executed irrevocable resignation in the form attached hereto as <U>Exhibit B</U>
(the &#147;<U>IVA Designee Resignation</U>,&#148; and together with the D&amp;O
Questionnaire and the 2016 Nominee Letter, the &#147;<U>IVA Designee</U>
<U>Nomination Documents</U>&#148;). </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Unless the IVA Designee has resigned from the Board, the Company&#146;s slate of
nominees for election as directors of the Company at the 2016 Annual Meeting
shall include the IVA Designee. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For any annual meeting at which the IVA Designee is nominated by the Company and
agrees to serve (including if the Company&#146;s slate of nominees for election as
directors of the Company at the 2016 Annual Meeting includes the IVA Designee
pursuant to <U>Section 1(b)</U> above), the Company will use reasonable best efforts to cause
the election of the IVA Designee to the Board at such annual meeting (including
recommending that the Company&#146;s stockholders vote in favor of the election of
the IVA Designee (along with all of the Company&#146;s nominees) and otherwise
supporting the IVA Designee for election in the same manner in which the Company
supports its other nominees in the aggregate). </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For so long as the IVA Designee serves on the Board, but subject to (x)
compliance with New York Stock Exchange listing requirements regarding
independence of directors and committee members, including applicable enhanced
requirements with respect to certain committees and (y) compliance with changes
in applicable law after the date of this Agreement (collectively, the
&#147;<U>Independence Requirements</U>&#148;), the IVA Designee shall be, and concurrently
with the execution of this Agreement has been, appointed to (i) the Compensation
Committee of the Board, (ii) the Nominating Committee and (iii) the External
Relations Committee; provided that such IVA Designee, in his sole discretion,
may decline to serve on any such committee at any time. The Board, based on
information provided by the IVA Designee has determined that, as of the date
hereof, the IVA Designee satisfies the Independence Requirements. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Should the IVA Designee resign from the Board or be rendered unable to, or
refuse to, be appointed to, or for any other reason fail to serve or is not
serving on, the Board (other than (i) as a result of not being nominated by the
Company at an annual meeting at which such IVA Designee would be required to
stand for re-election pursuant to the Company&#146;s certificate of incorporation to
remain on the Board (such meeting, the &#147;<U>Re-election Meeting</U>&#148;), except if
the Company was required to so nominate such IVA Designee pursuant to this
Agreement, or (ii) as a result of the application of <U>Section 1(f)</U> below),
IVA shall be entitled to designate a replacement board member for such IVA
Designee that is reasonably satisfactory to the Board, consistent with the
standards and processes followed in connection with the initial appointment of
the IVA Designee, including with respect to Independence Requirements (a
&#147;<U>Replacement</U>&#148;), and the Company shall take all necessary action to
implement the foregoing as promptly as practicable, and in no event later than
twenty (20) calendar days after designation of the replacement by IVA. Any such
Replacement who becomes a Board member in replacement of an IVA Designee shall
be deemed to be an IVA Designee for all purposes under this Agreement and, prior
to his or her appointment to the Board, shall be required to (1) execute and
deliver to the Company the IVA Designee Nomination Documents and (2) otherwise
satisfy the evaluation procedures of the Nominating Committee in accordance with
the practices of the Nominating Committee and the Board. If IVA designates a
Replacement as contemplated by this <U>Section 1(e)</U>, IVA acknowledges and
agrees that all provisions of this Agreement applicable to IVA shall remain in
full force and effect. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the foregoing <U>Sections 1(a)</U> through <U>1(e)</U>, if at
any time after the date of this Agreement (A) IVA, together with the IVA
Affiliates (as defined below), ceases collectively to beneficially own or have
other ownership interest in aggregate Net Long Positions of at least ten percent
(10%) of the outstanding shares of Common Stock, or (B) IVA or the IVA Designee
materially breaches any obligation under this Agreement and fails to cure such
breach (to the extent it is curable) within ten (10) business days after receipt
by IVA of written notice from the Company specifying any such breach then, in
the case of (A) or (B), (x) the IVA Designee Resignation shall become immediately effective, and
(y) the Company shall have no further obligations under this <U>Section 1</U> or <U>Section 2(b)</U>. In furtherance of this <U>Section 1(f)</U>, the IVA
Designee shall have, prior to the date of this Agreement, executed and delivered
the IVA Designee Resignation to the Company. IVA shall keep the Company
regularly apprised of its (and the IVA Affiliates&#146;) ownership position in
respect of the Common Stock (including Net Long Positions) to the extent such
positions differ materially from the ownership positions publicly reported on
IVA&#146;s Schedule 13D (including amendments thereto). For purposes of this
Agreement, the term &#147;<U>Affiliate</U>&#148; shall have the meaning set forth in Rule
12b-2 promulgated by the Securities and Exchange Commission (the &#147;<U>SEC</U>&#148;)
under the Securities Exchange Act of 1934, as amended (the &#147;<U>Exchange
Act</U>&#148;); provided<I> </I>that &#147;Affiliate&#148; shall not include any entity whose
equity securities are registered under the Exchange Act (or are publicly traded
in a foreign jurisdiction), solely by reason of the fact that a principal of IVA
serves as a member of its board of directors or similar governing body, unless
IVA otherwise controls such entity (as the term &#147;control&#148; is defined in Rule
12b-2 promulgated by the SEC under the Exchange Act), and the term
&#147;<U>Persons</U>&#148; or &#147;<U>Person</U>&#148; shall mean any individual, corporation
(including not-for-profit), general or limited partnership, limited liability or
unlimited liability company, joint venture, estate, trust, association,
organization or other entity of any kind or nature. </P>
<P align=center>2 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At all times while serving as a member of the Board, except as otherwise agreed
to by the IVA Designee and the Board, the IVA Designee shall comply in all
material respects with all policies, procedures, processes, codes, rules,
standards and guidelines generally applicable to Board members, including the
Company&#146;s code of conduct, securities trading policies, anti-hedging policies,
Regulation FD-related policies, director confidentiality policies and corporate
governance guidelines, copies of which, in each case, have been provided to IVA
and the IVA Designee, and preserve the confidentiality of the Company&#146;s business
and information, including discussions or matters considered in meetings of the
Board or Board committees. The IVA Designee&#146;s obligations under this Agreement
are in addition to the fiduciary and common law duties of any director of a
Delaware corporation. The Company represents that all members of the Board are
or will be subject to materially similar policies, procedures, processes, codes,
rules, standards and guidelines. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Certain Other Matters</U>. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The IVA Designee shall be entitled to resign from the Board at any time in his
discretion and, upon resignation, shall have no obligations thereafter imposed
under this Section 2 on the IVA Designee or IVA. For purposes of this Agreement,
the &#147;<U>Standstill Period</U>&#148; shall mean the period from the date of this
Agreement until such time as the IVA Designee (or his Replacement, if
applicable) is no longer a member of the Board. If the IVA Designee (or his or
her Replacement, if applicable) agrees to be included as a director nominee for
election at any Stockholders Meeting other than as a director nominated by the
Board for election at such Stockholders Meeting, the IVA Designee Resignation
previously provided by such IVA Designee shall become effective. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company agrees that for so long as the IVA Designee (or any Replacement) is
on the Board, the Company shall forthwith notify IVA, in writing, as to the
Board&#146;s decision whether or not to nominate the IVA Designee (or any
Replacement) for election at a Re-election Meeting (which written notice from
the Company, if any, shall in any event be delivered to IVA not later than thirty (30) days prior to the advance notice
deadline for making director nominations at the Re-election Meeting). </P>
<P align=center>3 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except as set forth in <U>Section 2(d)</U>, during the Standstill Period, no
member of IVA shall, directly or indirectly, and each member of IVA shall cause
each IVA Affiliate not to, directly or indirectly: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(A) solicit proxies or written consents of stockholders or conduct any other
type of referendum (binding or nonbinding) with respect to, or from the holders
of, the Voting Securities (as defined below), or become a &#147;participant&#148; (as such
term is defined in Instruction 3 to Item 4 of Schedule 14A promulgated under the
Exchange Act) in or assist any Person not a party to this Agreement (a &#147;<U>Third
Party</U>&#148;) in any &#147;solicitation&#148; of any proxy, consent or other authority (as
such terms are defined under the Exchange Act) to vote any shares of the Voting
Securities (other than such encouragement, advice or influence that is
consistent with Company management&#146;s recommendation in connection with such
matter), or (B) control or exert influence over or seek to control or exert
influence over the voting of any Voting Securities as to which a Third Party
that is counterparty to any Net Long Position of IVA possesses power to vote or
direct the voting (other than such control or influence that is consistent with
Company management&#146;s recommendation in connection with such matter); </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
encourage, advise or influence any other Person or assist any Third Party in so
encouraging, assisting or influencing any Person with respect to the giving or
withholding of any proxy, consent or other authority to vote or in conducting
any type of referendum (other than such encouragement, advice or influence that
is consistent with Company management&#146;s recommendation in connection with such
matter); </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
form or join in a partnership, limited partnership, syndicate or other group,
including a &#147;group&#148; as defined under Section 13(d) of the Exchange Act, with
respect to the Voting Securities (including any Net Long Position) (for the
avoidance of doubt, excluding any group composed solely of IVA and the IVA
Affiliates) or otherwise support or participate in any effort by a Third Party
with respect to the matters set forth in clauses (i), (vi), (vii) or (ix) of
this <U>Section 2(c)</U>; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;present
at any annual meeting or any special meeting of the Company&#146;s stockholders any
proposal for consideration for action by stockholders or seek the removal of any
member of the Board or (except as expressly permitted in this Agreement with
respect to a Replacement) propose any nominee for election to the Board or seek
representation on the Board; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
make any request for stockholders list materials or other books and records of
the Company under Section 220 of the Delaware General Corporation Law or
otherwise; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
institute, solicit or join, as a party, any litigation, arbitration or other
proceeding against the Company or any of its Subsidiaries (as defined below) or
any of their respective current or former directors or officers (including
derivative actions), other than litigation by IVA to enforce the provisions of
this Agreement; <U>provided</U>, that this clause (vi) shall not require IVA to opt-out of any class action lawsuit against
the Company or any of its Subsidiaries; </P>
<P align=center>4 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
without the prior written approval of the Board, separately or in conjunction
with any other Person in which it is or proposes to be either a principal,
partner or financing source or is acting or proposes to act as broker or agent
for compensation, propose (publicly, privately or to the Company) or effect any
merger, consolidation, business combination, tender or exchange offer, sale or
purchase of assets, sale or purchase of securities, dissolution, liquidation,
reorganization, restructuring, recapitalization, extraordinary dividend,
significant share repurchase or similar transaction of or involving the Company
or any of its Affiliates or a material amount of the assets or businesses of the
Company or actively encourage, initiate or support any other Third Party in any
such activity; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;&nbsp;&nbsp;&nbsp;
purchase or cause to be purchased or otherwise acquire or agree to acquire
Beneficial Ownership of any Voting Securities (including adding to any Net Long
Position and, for purposes of this calculation, including any Synthetic
Positions) such that IVA and the IVA Affiliates would collectively beneficially
own (including for purposes of this calculation, any net long Synthetic
Positions as beneficial ownership of the associated Voting Securities) more than
nineteen and nine-tenths percent (19.9%) of the Company&#146;s issued and outstanding
Voting Securities at such time; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
except as set forth herein, take any action in support of or make any proposal
or request that constitutes (A) controlling, changing or influencing the Board
or management of the Company, including any plans or proposals to change the
number or term of directors or to fill any vacancies on the Board, (B) any
material change in the capitalization, stock repurchase programs and practices,
capital allocation programs and practices or dividend policy of the Company, (C)
any other material change in the Company&#146;s management, business or corporate
structure or (D) seeking to have the Company waive or make amendments or
modifications to the Company&#146;s certificate of incorporation or by-laws; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
enter into any negotiations, agreements, arrangements or understandings with any
Third Party with respect to the matters set forth in this <U>Section 2</U>; or
</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;request,
directly or indirectly, any amendment or waiver of the foregoing in a manner
that would be reasonably likely to require public disclosure by IVA (or any of
its Affiliates) or the Company. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
used in this Agreement, the term &#147;<U>Voting Securities</U>&#148; shall mean the
Common Stock, and any other securities of the Company entitled to vote in the
election of directors, or securities convertible into, or exercisable or
exchangeable for, Common Stock or other securities, whether or not subject to
the passage of time or other contingencies. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
used in this Agreement, the term &#147;<U>Beneficial Ownership</U>&#148; of Voting
Securities means ownership of (i) Voting Securities and (ii) rights or options
to own or acquire any Voting Securities (whether such right or option is
exercisable immediately or only after the passage of time or upon the
satisfaction of one or more conditions (whether or not within the control of
such Person), compliance with regulatory requirements or otherwise). For
purposes of this <U>Section 2</U>, no Person shall be, or be deemed to be, the &#147;<U>Beneficial
Owner</U>&#148; of, or to &#147;<U>beneficially own</U>,&#148; any securities beneficially
owned by any director of the Company to the extent such securities were acquired
directly from the Company by such director as or pursuant to director
compensation for serving as a director of the Company. </P>
<P align=center>5 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything to the contrary in this Agreement, including this Section 2, nothing in
this Agreement shall be deemed to prohibit IVA from (A) voting for or against
(1) any acquisition of any material assets or businesses of the Company or any
of its subsidiaries, (2) any tender offer or exchange offer, merger, acquisition
or other business combination involving the Company or any of its subsidiaries,
or (3) any recapitalization, restructuring, liquidation, dissolution or other
extraordinary transaction with respect to the Company or any of its
subsidiaries, (B) communicating privately with the Board or the Chief Executive
Officer of the Company regarding any matter in a manner that would not be
reasonably likely to require public disclosure by IVA (or any of its Affiliates)
or the Company, (C) making any public statement or announcement with respect to
a transaction as described in clause (A) of this paragraph proposed by the
Company that requires a vote of the stockholders and that is publicly announced
by the Company after the date of this Agreement, or (D) other than as provided
by <U>Section 2(c)</U> and <U>2(e)</U>, voting for or against any matter
requiring shareholder approval. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
It is understood and agreed that the restrictions set forth in <U>Section
2(c)</U> shall not apply to the actions of the IVA Designee in respect of such
IVA Designee&#146;s participation in Board and Board committee meetings (including
votes on and discussions regarding matters at such meetings) in such IVA
Designee&#146;s capacity as a director of the Company.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Until the end of the Standstill Period, IVA together with all controlled
Affiliates of the members of IVA (such controlled Affiliates, collectively and
individually, the &#147;<U>IVA</U> <U>Affiliates</U>&#148;) shall cause all Voting
Securities owned by them directly or indirectly, whether owned of record or
beneficially owned, as of the record date for any annual or special meeting of
stockholders (each, a &#147;<U>Stockholders Meeting</U>&#148;) within the Standstill
Period, in each case that are entitled to vote at any such Stockholders Meeting,
not to be voted at all such Stockholders Meetings or at any adjournments or
postponements thereof to cause a majority of the Board to be comprised of
directors that were not nominated by the Board for election as a director. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Compensation</U>. The IVA Designee shall be compensated for his services as a
director and shall be reimbursed for his expenses on the same basis as all other
non-employee directors of the Company and shall be eligible to be granted
equity-based compensation on the same basis as all other non-employee directors
of the Company. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Indemnification and Insurance</U>. The IVA Designee shall be entitled to the
same rights of indemnification and directors&#146; and officers&#146; liability insurance
coverage as the other non-employee directors of the Company as such rights may
exist from time to time. The form indemnification agreement for directors is
attached hereto as Exhibit D. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Non-Disparagement</U>. During the Standstill Period, neither the Company nor
IVA shall in any manner, directly or indirectly, make, or cause to be made, any
statement, announcement or disclosure negatively commenting upon the Company,
IVA or any of IVA&#146;s affiliates (including through any press release or other
publicly available format, the filing or furnishing of any document or report with any regulatory or
governmental agency or stock exchange, any Internet posting, or any public or
private disclosure to any journalist or member of the media (including in a
television, radio, newspaper, online, magazine or other interview, regardless of
format), shareholder, securities analyst or other person); provided, that
neither the Company nor IVA shall be deemed in breach of this Section by virtue
of an unpremeditated, private, informal remark that is not part of any
coordinated communication or campaign and is not intended or designed to
circumvent, directly or indirectly, the restrictions contemplated by this
Section. </P>
<P align=center>6 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Public Announcements</U>. Promptly following the execution of this Agreement,
the Company and IVA shall announce this Agreement by means of jointly issued
press release in the form attached hereto as <U>Exhibit C</U> (the &#147;<U>Press
Release</U>&#148;). Neither the Company (and the Company shall cause each of its
subsidiaries, directors and officers not to) nor IVA or any IVA Affiliate shall
make or cause to be made any public announcement or statement with respect to
the subject of this Agreement that is contrary to the statements made in the
Press Release, except as required by law or the rules of any stock exchange or
with the prior written consent of the other party. The Company acknowledges that
IVA intends to file this Agreement and the Press Release as exhibits to its
Schedule 13D pursuant to an amendment. The Company shall have reasonable advance
review and consultation rights upon any Schedule 13D filing (or amendment
thereto) made by IVA with respect to this Agreement. IVA acknowledges and agrees
that the Company intends to file this Agreement and file or furnish the Press
Release with the SEC as exhibits to a Current Report on Form 8-K and to file
this Agreement as an exhibit to future filings with the SEC . IVA shall have
reasonable advance review and consultation rights upon any Current Report on
Form 8-K filing (or amendment thereto) made by the Company with respect to this
Agreement.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>IVA Designee and IVA; Company Information; No Use of Non-Public</U>
<U>Information</U>. The parties acknowledge and agree that IVA and the IVA
Designee shall remain subject to all applicable securities laws. The IVA
Designee shall keep all non-public information of the Company (including
discussions or matters considered in meetings of the Board or Board committees)
strictly confidential and shall not disclose any such information to IVA or any
IVA Affiliates. IVA shall at all times during the term of this Agreement have in
place adequate protocols (including &#147;Chinese walls&#148; and other appropriate
policies and procedures) to ensure that non-public information concerning the
Company that is in the possession or control of the IVA Designee is not used by
or shared with IVA or any IVA Affiliates. IVA acknowledges and agrees that (i)
IVA and the IVA Affiliates shall not solicit or obtain any non-public
information of the Company from the IVA Designee, (ii) IVA shall be responsible
for, and shall monitor the adequacy of, protocols implemented to ensure
compliance with this Section 7, and shall promptly take all appropriate actions
to remediate any deficiencies in such protocols, and (iii) IVA shall promptly
notify the Company of any breach of this Section 7 by IVA or any IVA Affiliate.
IVA shall be liable for any breach of this Section 7 by any IVA Affiliate and
shall indemnify the Company for any damages, costs and expenses suffered or
incurred by the Company in connection with any such breach. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Representations and Warranties of All Parties</U>. Each of the parties
represents and warrants to the other party that: (a) such party has all
requisite power and authority to execute and deliver this Agreement and to perform its obligations
hereunder; (b) this Agreement has been duly and validly authorized, executed and
delivered by it and is a valid and binding obligation of such party, enforceable
against such party in accordance with its terms; and (c) this Agreement will not
result in a violation of any terms or conditions of any agreements to which such
Person is a party or by which such party may otherwise be bound or of any law,
rule, license, regulation, judgment, order or decree governing or affecting such
party. </P>
<P align=center>7</P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Representations and Warranties of IVA</U>. IVA represents and warrants that,
as of the date of this Agreement: (a) IVA, together with all of the IVA
Affiliates, collectively beneficially own an aggregate of 12,221,652 shares of
Common Stock; (b) except for such ownership, no member of IVA, individually or
in the aggregate with all other members of IVA and the IVA Affiliates, has any
other Beneficial Ownership of any Voting Securities or any Net Long Position in
any other Voting Securities; (c) IVA has not provided or agreed to provide, and
will not provide, any compensation in cash or otherwise to any New Director,
solely, in his or her capacity as a director or director nominee of the Company
in connection with such New Director&#146;s nomination and appointment to, or service
on, the Board; and (d) IVA, collectively with the IVA Affiliates, except as
described above, has no Synthetic Positions. The term &#147;<U>Net</U> <U>Long
Position</U>&#148; shall mean such Person&#146;s net long position, as defined in Rule
14e-4 under the Exchange Act, <I>mutatis mutandis</I>, in respect of the Voting
Securities. The term &#147;<U>Synthetic</U> <U>Position</U>&#148; shall mean either of (i)
any short sale or any purchase, sale or grant of any option, warrant,
convertible security, stock appreciation right, or other security, contract
right or derivative position or similar right (including any put or call option
or &#147;swap&#148; transaction with respect to any security, other than a broad based
market basket or index), whether or not presently exercisable, that has an
exercise or conversion privilege or a settlement payment or mechanism at a price
related to the value of the Voting Securities or a value determined in whole or
in part with reference to, or derived in whole or in part from, the value of the
Voting Securities and that increases in value as the market price or value of
the Voting Securities decreases or that provides to the holder an opportunity,
directly or indirectly, to profit or share in any profit derived from any
decrease in the value of the Voting Securities or (ii) any purchase, sale or
grant of any option, warrant, convertible security, stock appreciation right, or
other security, contract right or derivative position or similar right
(including any put or call option or &#147;swap&#148; transaction with respect to any
security, other than a broad based market basket or index), whether or not
presently exercisable, that has an exercise or conversion privilege or a
settlement payment or mechanism at a price related to the value of the Voting
Securities or a value determined in whole or in part with reference to, or
derived in whole or in part from, the value of the Voting Securities and that
increases in value as the market price or value of the Voting Securities
increases or that provides to the holder an opportunity, directly or indirectly,
to profit or share in any profit derived from any increase in the value of the
Voting Securities, in each case of (i) and (ii), regardless of whether (x) such
derivative conveys any voting rights in such Voting Securities to such Person or
any of such Person&#146;s Affiliates, (y) such derivative is required to be, or
capable of being, settled through delivery of such securities, or (z) such
Person or any of such Person&#146;s Affiliates may have entered into other
transactions that hedge the economic effect of such derivative. A Synthetic
Position shall not include (1) any interests, rights, options or other
securities set forth in Rule 16a-1(c)(1)-(5) or (7) of the General Rules and
Regulations under the Exchange Act or (2) any Voting Securities beneficially
owned (as defined in Rule 13d-3 under the Exchange Act) by such Person or its
Affiliates or any Net Long Position held by such Person or its Affiliates.</P>
<P align=center>8 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Miscellaneous</U>. The parties hereto recognize and agree that if for any
reason any of the provisions of this Agreement are not performed in accordance
with their specific terms or are otherwise breached, immediate and irreparable
harm or injury would be caused for which money damages would not be an adequate
remedy. Accordingly, each party agrees that in addition to other remedies the
other party shall be entitled to at law or equity, the other party shall be
entitled to seek an injunction or injunctions to prevent breaches of this
Agreement and to enforce specifically the terms and provisions of this Agreement
exclusively in the Court of Chancery or, if the Court of Chancery does not have
jurisdiction, other federal or state courts of the State of Delaware.
Furthermore, each of the parties hereto: (a) consents to submit itself to the
personal jurisdiction of the Court of Chancery or, if the Court of Chancery does
not have jurisdiction, other federal or state courts of the State of Delaware in
the event any dispute arises out of this Agreement or the transactions
contemplated by this Agreement; (b) agrees that it shall not attempt to deny or
defeat such personal jurisdiction by motion or other request for leave from any
such court; (c) agrees that it shall not bring any action relating to this
Agreement or the transactions contemplated by this Agreement in any court other
than the Court of Chancery or, if the Court of Chancery does not have
jurisdiction, other federal or state courts of the State of Delaware, and each
of the parties irrevocably waives the right to trial by jury with respect to any
matter arising under or related to this Agreement; and (d) irrevocably consents
to service of process by a reputable overnight mail delivery service, signature
requested, to the address of such party&#146;s principal place of business or as
otherwise provided by applicable law. THIS AGREEMENT SHALL BE GOVERNED IN ALL
RESPECTS, INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE
STATE OF DELAWARE APPLICABLE TO CONTRACTS EXECUTED AND TO BE PERFORMED WHOLLY
WITHIN SUCH STATE WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES OF SUCH
STATE. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>No Waiver</U>. Any waiver by any party of a breach of any provision of
this Agreement shall not operate as or be construed to be a waiver of any other
breach of such provision or of any breach of any other provision of this
Agreement. The failure of a party to insist upon strict adherence to any term of
this Agreement on one or more occasions shall not be considered a waiver or
deprive that party of the right thereafter to insist upon strict adherence to
that term or any other term of this Agreement. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Entire Agreement</U>. This Agreement contains the entire understanding
of the parties with respect to the subject matter hereof and may be amended only
by an agreement in writing executed by the parties hereto. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Notices</U>. All notices, consents, requests, instructions, approvals
and other communications provided for herein and all legal process in regard
hereto shall be in writing and shall be deemed validly given, made or served, if
(a) given by email, when such email is sent to the email address set forth below
during normal business hours and the appropriate confirmation is received or (b)
if given by any other means, when actually received during normal business hours
at the address specified in this subsection: </P>
<P align=center>9 </P>
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<P style="MARGIN-LEFT: 10%" align=justify>if to the Company: </P>
<P style="MARGIN-LEFT: 15%" align=justify>DeVry Education Group Inc. <BR>3005
Highland Parkway <BR>Downers Grove, Illinois 60515
<BR>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gregory S. Davis
<BR>Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
gsdavis@devrygroup.com<BR></P>
<P style="MARGIN-LEFT: 10%" align=justify>With a copy (which shall not
constitute notice) to: </P>
<P style="MARGIN-LEFT: 15%" align=justify>Skadden, Arps, Slate, Meagher &amp;
Flom LLP <BR>155 N. Wacker Drive <BR>Suite 2700 <BR>Chicago, Illinois 60606
<BR>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charles W. Mulaney, Jr.
<BR>Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
charles.mulaney@skadden.com
<BR></P>
<P style="MARGIN-LEFT: 10%" align=justify>if to IVA: </P>
<P style="MARGIN-LEFT: 15%" align=justify>International Value Advisers, LLC
<BR>717 5<SUP>th</SUP> Avenue, 10<SUP>th</SUP> Floor <BR>New York, New York
10022 <BR>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shanda Scibilia
<BR>Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
shanda.scibilia@ivafunds.com
<BR></P>
<P style="MARGIN-LEFT: 10%" align=justify>With a copy (which shall not
constitute notice) to: </P>
<P style="MARGIN-LEFT: 15%" align=justify>Morrison &amp; Foerster LLP <BR>425
Market Street <BR>San Francisco, California 94105
<BR>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Murray A. Indick
<BR>Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mindick@mofo.com
<BR></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Severability</U>. If at any time subsequent to the date of this
Agreement, any provision of this Agreement shall be held by any court of
competent jurisdiction to be illegal, void or unenforceable, such provision
shall be of no force and effect, but the illegality or unenforceability of such
provision shall have no effect upon the legality or enforceability of any other
provision of this Agreement. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Counterparts</U>. This Agreement may be executed in two or more counterparts
which together shall constitute a single agreement. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Successors and Assigns</U>. This Agreement shall not be assignable by
any of the parties to this Agreement. This Agreement, however, shall be binding
on successors of the parties hereto. </P>
<P align=center>10 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Third Party Beneficiaries</U>. This Agreement is solely for the benefit of
the parties hereto and is not enforceable by any other Persons. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Fees and Expenses</U>. Neither the Company, on the one hand, nor IVA, on the
other hand, will be responsible for any fees or expenses of the other in
connection with this Agreement, except that the Company shall reimburse IVA, in
an amount not to exceed $30,000, for its attorneys fees and costs arising in
connection with the negotiation of this Agreement and all related securities
filings. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Interpretation and Construction</U>. Each of the parties hereto acknowledges
that it has been represented by counsel of its choice throughout all
negotiations that have preceded the execution of this Agreement, and that it has
executed the same with the advice of said independent counsel. Each party and
its counsel cooperated and participated in the drafting and preparation of this
Agreement and the documents referred to herein, and any and all drafts relating
thereto exchanged among the parties shall be deemed the work product of all of
the parties and may not be construed against any party by reason of its drafting
or preparation. Accordingly, any rule of law or any legal decision that would
require interpretation of any ambiguities in this Agreement against any party
that drafted or prepared it is of no application and is hereby expressly waived
by each of the parties hereto, and any controversy over interpretations of this
Agreement shall be decided without regards to events of drafting or preparation.
The section headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement.
The term &#147;including&#148; shall be deemed to mean &#147;including without limitation&#148; in
all instances. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<U>Amendments</U>. This Agreement may only be amended pursuant to a
written agreement executed by the parties. </P>
<P align=center><I>[Signature Pages Follow] </I></P>
<P align=center>11 </P>
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<A name=page_12></A>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, each of the parties hereto has executed this Agreement, or
caused the same to be executed by its duly authorized representative as of the
date first above written. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">DEVRY EDUCATION GROUP INC. </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">By:
    <u>/s/ Gregory S. Davis&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name: Gregory S. Davis</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Title: SVP, General Counsel &amp; Secretary</TD>
  </TR></TABLE>
<P align=center>[<I>Signature Page to Support Agreement</I>] </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_13></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD colspan="2" align=left>INTERNATIONAL VALUE ADVISERS, LLC </TD>
    </TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="45%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%">/s/
      Chares de Vaulx </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="45%">Name: Charles de Vaulx <BR>Title: Chairman,
      Chief Investment Office </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="45%">&nbsp;</TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="45%">&nbsp;</TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="45%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD colspan="2" align=left>By: INTERNATIONAL VALUE ADVISERS, LLC, </TD>
    </TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD colspan="2" align=left>its investment manager </TD>
    </TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="45%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%">/s/
      Charles de Lardemelle </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="45%">Name: Charles &#147;Chuck&#148; de Lardemelle </TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="5%"></TD>
    <TD width="45%">Title: Portfolio Manager </TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="45%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD colspan="2" align=left>By: MICHAEL W. MALAFRONTE, individually </TD>
    </TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD colspan="2" align=left>and as a member of IVA, LLC </TD>
    </TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="45%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%">By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%">/s/
      Michael W. Malafronte </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="45%">Name: Michael W. Malafronte </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="45%">Title: Managing Partner </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="5%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%"
    >&nbsp;</TD></TR></TABLE>
<P align=center>[<I>Signature Page to Support Agreement</I>] </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<A name=page_14></A>
<P align=center><B>SCHEDULE A </B></P>
<P align=justify>International Value Advisers, LLC <BR>717 5<SUP>th</SUP>
Avenue, 10<SUP>th</SUP> Floor <BR>New York, New York 10022 <BR></P>
<P align=justify>&nbsp;</P>
<P align=justify>&nbsp;</P>
<P align=justify>&nbsp;</P>
<P align=center>Schedule A </P>
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<P align=center><B>EXHIBIT A </B></P>
<P align=center><B>FORM OF NOMINEE LETTER </B></P>
<P align=justify>_______________, 2016 </P>
<P align=justify>Attention: Board of Directors </P>
<P align=justify>DeVry Education Group Inc. <BR>3005 Highland Parkway
<BR>Downers Grove, Illinois 60515 <BR></P>
<P align=justify>Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent </P>
<P align=justify>Ladies and Gentlemen: </P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to (a) serve as a director of
DeVry Education Group Inc. (the &#147;<U>Company</U>&#148;), effective [DATE], (b) if
nominated by the Company, be named as a nominee for the position of director of
the Company in the Company&#146;s proxy statement for the Company&#146;s 2016 Annual
Meeting of Stockholders (the &#147;<U>2016 Annual Meeting</U>&#148;) and (c) serve as a
director if I am so elected at the 2016 Annual Meeting. I also agree that, after
the date hereof, I will provide to the Company, as requested by the Company from
time to time, such information as the Company is entitled to reasonably receive
from other members of the Company&#146;s Board of Directors (the &#147;<U>Board</U>&#148;) and
as is required to be disclosed in proxy statements or other reports or filings
under applicable law or securities exchange listing requirements. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
all times while serving as a member of the Board, except as otherwise agreed to
by myself and the Board, I agree to comply in all material respects with all
policies, procedures, processes, codes, rules, standards and guidelines
generally applicable to Board members, including the Company&#146;s code of conduct,
securities trading policies, anti-hedging policies, Regulation FD-related
policies, director confidentiality policies and corporate governance guidelines,
in each case that have been identified to me, and preserve the confidentiality
of the Company&#146;s business and information, including discussions or matters
considered in meetings of the Board or Board committees. I acknowledge and agree
that the foregoing obligations are in addition to the fiduciary and common law
duties of any director of a Delaware corporation. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Sincerely, </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name: </TD></TR></TABLE>
<P align=center>A-1 </P>
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<P align=center><B>EXHIBIT B </B></P>
<P align=center><B>IRREVOCABLE RESIGNATION </B></P>
<P align=justify>_______________, 2016 </P>
<P align=justify>Attention: Board of Directors </P>
<P align=justify>DeVry Education Group Inc. <BR>3005 Highland Parkway
<BR>Downers Grove, Illinois 60515 <BR></P>
<P align=justify>Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation </P>
<P align=justify>Ladies and Gentlemen: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
irrevocable resignation is delivered pursuant to <U>Section 1(a)</U>,
<U>1(f)</U> or <U>2(a)</U> of the Support Agreement, dated as of June 29, 2016
(the &#147;Agreement&#148;), by and among DeVry Education Group Inc., IVA (as defined
therein) and the IVA Designee (as defined therein). Capitalized terms used
herein but not defined shall have the meaning set forth in the Agreement. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
the date of the Agreement, but effective only upon the earliest to occur of (a)
such time as I agree to be included as a director nominee for election at any
Stockholders Meeting, other than as a director nominated by the Board for
election at such Stockholders Meeting, (b) IVA, together with all of the IVA
Affiliates, ceases collectively to beneficially own or have other ownership
interest in aggregate Net Long Positions of at least 10% of the outstanding
shares of Common Stock and (c) IVA or the IVA Designee materially breaches any
obligation under the Agreement and fails to cure such breach (to the extent it
is curable) within ten (10) business days after receipt by IVA of written notice
from the Company specifying any such breach, I hereby resign from my position as
a director of the Company and from any and all committees of the Board on which
I serve. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Sincerely, </TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%"
    >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name: </TD>
  </TR>
</TABLE>
<P align=center>B-1 </P>
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