13D Filing: Alesia Value Fund LLC Reveals Activist Stake in Sitestar Corp (SYTE)

Page 15 of 19 SEC Filing

The aggregate percentage of shares reported owned by the
undersigned herein is based upon 74,085,705 shares outstanding,
as of November 13, 2015, which is the total number of shares
outstanding as reported in the Issuer’s Quarterly Report on
Form 10-Q, filed with the Securities and Exchange Commission
on November 16, 2015.

A. Alesia Value Fund LLC directly owns 3,008,183 shares
constituting 4.1% of the Issuer’s outstanding shares with shared
voting power for 3,008,183 shares. No transactions have been
entered into over the past 60 days.

B. Alesia Asset Management LLC is the managing member of Alesia
Value Fund LLC and may be deemed to be the beneficial owner of
the 3,008,183 shares owned by Alesia Value Fund LLC. This
ownership constitutes 4.1% of the Issuer’s outstanding shares
with shared voting power for 3,008,183 shares. No transactions
have been entered into over the past 60 days.

C. Jeremy K. Gold is the managing member of Alesia Asset
Management LLC and may be deemed to be the beneficial owner of
the 3,008,183 shares owned by Alesia Value Fund LLC. This
ownership constitutes 4.1% of the Issuer’s outstanding shares
with shared voting power for 3,008,183 shares. He also directly
owns and has sole voting power over 80,000 shares, constituting
0.1% of the Issuer’s outstanding shares. No transactions have
been entered into over the past 60 days.

D. Christopher E. Olin is the managing member of Alesia Asset
Management LLC and may be deemed to be the beneficial owner of
the 3,008,183 shares owned by Alesia Value Fund LLC. This
ownership constitutes 4.1% of the Issuer’s outstanding shares
with shared voting power for 3,008,183 shares. No transactions
have been entered into over the past 60 days.

The undersigned disclaim any beneficial ownership of the shares
held by the other parties to the Settlement Agreement.