5) Review the Capitalization table and client email below. Please identify any errors you see in the email (assume everything noted in the cap table is correct): Shareholder Equity Type Grant Date Vesting Terms of Shares % of Total Dennis Rodman Option 1/1/2018 1/1/18 Start date, 12 months 125,000 19 Lance Armstrong Option 7/23/2016 Fully Vested 175,000 2% Beyonce Common 6/1/2017 NA 250.000 3% Private Equity I LLC Preferred 1/1/2016 NA 4,000,000 45% Bob Weir Preferred 1/1/2016 NA 4,356,000 49% Total 8,906,000 100% Hi Bobby Here is the updated cap table showing ownership in your music studio. As you can see, Dennis's 125 options were added as of 1/1/17 and he'll be fully vested in November. Your current 4,365,000 shares equates to 49% ownership -- Reach out to us before you sell any additional shares Prvate Equity IV as you want to be careful not to lose majority control. Note You have 9 million authorized shares, you'll need to amend our articles of organization if you issue more than 94,000 additional shares. Let us know if you have any questions