Item 4 — Purpose of Transaction
The Reporting Persons believe that the Issuer is an attractive investment opportunity. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. In connection therewith, and with a view of enhancing shareholder value, the Reporting Persons and their respective representatives expect, from time to time, to engage in discussions with the Issuer's management and the board of directors of the Issuer (the "Issuer Board"), with other current or prospective shareholders and other third parties regarding business strategy, operating performance and corporate governance of the Issuer. The Reporting Persons may exchange information with the Issuer or other persons pursuant to confidentiality or similar agreements. The Reporting Persons intend to consider, explore and/or develop plans and/or make proposals with respect to, among other things, the foregoing matters, as well as pursue other plans or proposals that relate to or could result in any of the matters set forth in clauses (a)-(j) of Item 4 of Schedule 13D. The Reporting Persons may also take steps to explore and prepare for various plans and actions regarding the foregoing matters, before forming an intention to engage in such plans or actions. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer's financial position, results and strategic direction, actions taken by the Issuer's management and the Issuer Board, price levels of the Common Stock, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, acquiring additional shares of Common Stock, including through exercise of the Warrants and/or other equity, debt, notes, instruments or other securities of the Issuer (collectively, "Securities") or disposing of some or all the Shares and Warrants beneficially owned by them, in the public market, in privately negotiated transactions or otherwise with respect to their investment in the Issuer.