Soggy Bottom, inc. has received a term sheet from WeBeFunding Ventures for a $$4,000,000$ investment. Use the following cap table and facts to answer the questions below:

The pre$-$money valuation is $$8,000,000.$

Jolly Angels invested $$2,000,000$ with conversion terms of the lesser of a$.20\%$ discount off the qualified financing, and b$.$ valuation cap of $$6,000,000.$ The notes are interest free.

WeBefunding term sheet requires establishment of an option pool of $500,000$ shares immediately prior to funding.

$\backslash$table$[[$Round$,$Founders,$\{$

$\backslash$table$[[$Angel Round$],[\frac{9}{1}\frac{?}{2022}$