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

Page 14 of 19 SEC Filing

(a) This Schedule 13D is being filed with respect to the shares
of the Issuer’s Common Stock held by Alesia Asset Management LLC
and Jeremy K. Gold.

(b) The business address of the undersigned is:
22287 Mulholland Highway, Suite 180
Calabasas, CA 91302

(c) Alesia Value Fund LLC is a limited liability company engaged
in the business of investing in securities. Alesia Asset Management
LLC is a limited liability company that is the managing member of
Alesia Value Fund LLC. Jeremy K. Gold and Christopher E. Olin are
the managing members of Alesia Asset Management LLC.

(d) During the last five years, the undersigned have not been

convicted in a criminal proceeding (excluding traffic violations

or similar misdemeanors)

(e) The undersigned have not, during the last five years, been

a party to a civil proceeding of a judicial or administrative body

of competent jurisdiction where, as a result of such proceeding,

they were or they became subject to a judgement, decree, or final

order, enjoining future violations of or prohibiting, or mandating

activities subject to, federal or state securities laws or finding

any violation with respect to such laws.

(f) Jeremy K. Gold and Christopher E. Olin are citizens of the
United States of America. Alesia Value Fund LLC and Alesia Asset
Management LLC are organized under the laws of California.

Item 3. Source and Amount of Funds or Other Consideration

Each acquisition of shares of Common Stock by the undersigned (or
on their behalf and at their direction) was in open market
transactions with working capital or personal funds. The aggregate
purchase price of the 80,000 shares owned directly by Jeremy K.
Gold is approximately $2,010, including brokerage commissions. The
aggregate purchase price of the 3,008,183 shares owned directly by
Alesia Value Fund LLC is approximately $115,796, including
brokerage commissions.

Item 4. Purpose of Transaction

Settlement Agreement: On February 6, 2015, the Issuer entered into

a Settlement Agreement with certain of its stockholders and

directors. The Settlement agreement settles and resolves certain

matters relating to a stockholder lawsuit. Jeremy K. Gold is a

member of the board of directors of the Issuer.

Voting Agreement: In connection with the Settlement Agreement,

on February 6, 2015, the parties to the settlement agreement

entered into the Voting Agreement with respect to the election of

directors (including Mr. Gold). The Voting Agreement also provides

that the authorized number of seats on the Board will be fixed at

six during the term of the Voting Agreement. Unless extended by

the parties, the Voting Agreement will remain in effect until the
earlier of 12 months after the date of the Settlement Agreement
or the date of the next annual meeting of Company Stockholders,
but will not be applicable to any vote taken at such meeting.