Item 4 — Purpose of Transaction
The acquisition of shares of Common Stock by each Reporting Person was made for investment purposes. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of shares of Common Stock at prices that would make the purchase or sale of shares of Common Stock desirable, either Reporting Person may endeavor to increase or decrease his or her position in the Company through, among other things, the purchase or sale of shares of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as such Reporting Person may deem advisable. Neither Reporting Person has present plans or proposals that would relate to, or result in, any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D, except as set forth herein or as would reasonably occur upon or in connection with completion of, or following, any of the actions discussed herein. Each Reporting Person intends to review his or her investment in the Company regularly. Depending on various factors including, without limitation, the Company's financial position and investment strategy, the price level of the shares of Common Stock, conditions in the securities markets and general economic and industry conditions, either Reporting Person may in the future take such actions with respect to his or her investment in the Company as he or she deems appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Company, engaging in discussions with stockholders of the Company or other third parties about the Company and such Reporting Person's investment, making recommendations to the Company concerning business matters or suggestions for improving the Company's financial and/or operational performance, purchasing additional shares of Common Stock, selling some or all of the Reporting Person's shares of Common Stock, engaging in short selling of, or any hedging or similar transaction with respect to, the Reporting Person's shares of Common Stock, including swaps and other derivative instruments, or changing his intention with respect to any and all matters referred to in Item 4.