Please provide detailed explanation of your answers. Part A A Venture Capitalist presents Arbuckle, Inc., the shoes manufacturer with the following term I sheet for a series A funding round: Amount Security Mandatory Conversion Price Liquidation Rights Option Pool (employees) Founder Shares Dividends/Redemption Anti-dilution $5 million Convertible Preferred Mandatory on IPO > $20m, > and price $4.00/share $1.50 per share 2x Liquidation preference on merger, sale, or liquidation. 3 million shares 3 million shares No Full Ratchet