13D Filing: Lone Star Value Management and Edgewater Technology Inc (EDGW)

Percentage: Approximately 2.0%

(b)

1. Sole power to vote or direct vote: 264,312 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 264,312 4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Lone Star Value Investors during the past 60 days are set forth in Schedule A and are incorporated herein by reference.

B.

Lone Star Value Co-Invest I

(a)

As of the close of business on June 8, 2017, no Shares were beneficially owned by Lone Star Value Co-Invest I.

Percentage: 0%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0

(c)

Lone Star Value Co-Invest I has not entered into any transactions in the Shares during the past 60 days.

C.

Lone Star Value GP

(a)

Lone Star Value GP, as the general partner of Lone Star Value Investors and Lone Star Value Co-Invest I, may be deemed the beneficial owner of the 264,312 Shares owned by Lone Star Value Investors.

Percentage: Approximately 2.0%

(b)

1. Sole power to vote or direct vote: 264,312 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 264,312 4. Shared power to dispose or direct the disposition: 0

(c)

Lone Star Value GP has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of Lone Star Value Investors during the past 60 days are set forth in Schedule A and are incorporated herein by reference.

D.

Lone Star Value Management

(a)

As of the close of business on June 8, 2017, 50,000 Shares were held in the Separately Managed Account. Lone Star Value Management, as the investment manager of Lone Star Value Investors, Lone Star Value Co-Invest I and the Separately Managed Account, may be deemed the beneficial owner of the (i) 264,312 Shares owned by Lone Star Value Investors and (ii) 50,000 Shares held in the Separately Managed Account.

Percentage: Approximately 2.3%