Item 4 — Purpose of Transaction
The Reporting Persons acquired the shares of Common Stock reported herein for investment purposes. The Reporting Persons believe that the shares represent an attractive investment opportunity. The Reporting Persons may, from time to time and depending upon market conditions, the business and financial condition of the Issuer, and other factors, acquire additional shares of Common Stock, dispose of all or a portion of the shares of Common Stock beneficially owned by the Reporting Persons, or engage in any combination thereof, in each case in the open market, in privately negotiated transactions, or otherwise. The Reporting Persons may engage in discussions with management, the Board of Directors, other shareholders, or third parties regarding the business, operations, governance, management, strategy, or future direction of the Issuer, including discussions regarding the Reporting Persons or their affiliates becoming members of the Issuer's Board of Directors. The Reporting Persons reserve the right to change their plans at any time depending upon market conditions, the business and financial condition of the Issuer, availability of shares at prices that would make the purchase or sale of shares desirable, actions taken by the Board of Directors of the Issuer, and other factors, including general economic and stock market conditions. The Reporting Persons may formulate other plans or proposals to the extent deemed advisable or take other actions with respect to their investment in the Issuer. Except as set forth above, the Reporting Persons have no present plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board of Directors; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) causing a class of equity securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to those enumerated above.