Item 4 — Purpose of Transaction
The shares reported herein were acquired for investment purposes, in the ordinary course of business and not for the purpose of changing or influencing the control of NFRX. The Reporting Persons may seek to acquire additional securities of NFRX (which may include rights or securities exercisable, exchangeable or convertible into securities of NFRX) and/or may dispose of some or all of their shares, from time to time, by selling such shares on the secondary market or otherwise, depending on price, market liquidity, developments affecting NFRX, NFRXs business and prospects, other investment and business opportunities available to the Reporting Persons, general stock market and economic conditions, tax considerations and other factors deemed relevant. The Reporting Persons intend to review their investment in NFRX on an ongoing basis and, in the course of their review, may take actions (including through their affiliates) with respect to their investment or NFRX, including communicating with the board of trustees of NFRX (the "Board"), members of management or other security-holders of NFRX, or other third parties from time to time, taking steps to implement a course of action, including, without limitation, engaging advisors, including legal, financial, regulatory, technical and/or industry advisors, to assist in any review, and evaluating strategic alternatives as they may become available. The Reporting Persons may engage in discussions with management, the Board, and other securityholders of NFRX and other relevant parties or encourage, cause or seek to cause NFRX or such persons to consider or explore extraordinary corporate transactions, such as: a merger, acquisition or reorganization which could in the future result in, among other things, a de-listing or de-registration of shares; security offerings and/or stock repurchases by NFRX; sales or acquisitions of assets; changes to the capitalization or dividend policy of NFRX; or other material changes to NFRX's business or corporate structure, including changes in management or the composition of the Board. HSPW acts as NFRX's investment adviser. HSPW is responsible for the day-to-day management of NFRX operating under the direction of the Board of Trustees. Except as described in this Schedule 13D, the Reporting Persons, and, to the best knowledge of each of the Reporting Persons, without independent verification, the persons identified in Item 2, do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, the Reporting Persons, at any time and from time to time, may review, reconsider and change their position and/or change their purpose and/or develop such plans.