13D Filing: Lone Star Value Management and Superior Drilling Products Inc. (SDPI)

Page 8 of 11

Page 8 of 11 – SEC Filing

(c) Lone Star Value Co-Invest I has not entered into any
transactions in the Shares since the filing of Amendment No. 2 to the Schedule 13D.
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 1,300,000 Shares owned by Lone Star Value Investors.

Percentage: Approximately 5.4%

(b) 1. Sole power to vote or direct vote: 1,300,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,300,000
4. Shared power to dispose or direct the disposition: 0
(c) Lone Star Value GP has not entered into any transactions in the Shares since the filing of Amendment
No. 2 to the Schedule 13D. The transactions in the Shares on behalf of Lone Star Value Investors since the filing of Amendment
No. 2 to the Schedule 13D 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 12, 2017, no 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 1,300,000 Shares owned by Lone Star Value Investors.

Percentage: Approximately 5.4%

(b) 1. Sole power to vote or direct vote: 1,300,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,300,000
4. Shared power to dispose or direct the disposition: 0
(c) Lone Star Value Management has not entered into any transactions in the Shares since the filing
of Amendment No. 2 to the Schedule 13D. The transactions in the Shares on behalf of Lone Star Value Investors since the filing
of Amendment No. 2 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.
E. Mr. Eberwein
(a) Mr. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management,
may be deemed the beneficial owner of the 1,300,000 Shares owned by Lone Star Value Investors.

Percentage: Approximately 5.4%

8

Follow Superior Drilling Products Inc. (NYSEMKT:SDPI)

Page 8 of 11