Deemed Dilution

Deemed Dilution. The difference of (x) .4115728 (Loeb and the Loeb Affiliates' current percentage interest) minus (y) the quotient of (i) 3912 (Loeb and the Loeb Affiliates' current number of shares) divided by (ii) the sum of 9505 (current outstanding shares of 8792 plus 713 reserved for issuance pursuant to the Company's option plan) plus the Deemed Number of GA Shares.