This document outlines the agenda for a focus group on private investment policy in Georgia. It includes presentations on intrastate securities offerings in Georgia and other states, technology industry statistics from TAG, Atlanta's startup ecosystem report, perspectives from the Association for Corporate Growth, Venture Atlanta's 2015 numbers, and proposals to update Georgia's securities laws and expand the angel investor tax credit. The focus group aims to discuss these topics and next steps to support investment and innovation.

1. Focus Group RE: Private
Investment Policy in GA
Presented by: Dar’shun Kendrick, Esq./M.B.A., State Representative from
House District 93
(404) 697-8006
dkendrick@kendrickforgeorgia.com

2. AGENDA
 Welcome, Recognition of Elected Officials and Reason for Occasion, Rep. Dar’shun Kendrick (District 93)- 9:15-9:20 p.m.
 Introductions of Focus Group, Chair of Focus Group- 9:20-9:30 a.m.
 Remarks from the Secretary of State Division- 9:30 a.m.-9:45 a.m.
 Preliminary Presentations:
 IGE comparison with other states- (and SOS comparison in excel) Dar’shun Kendrick (State House District 93)- 9:45 a.m.-10:00 a.m.
 TAG Industry Stats: Tino Mantella (President of the Technology Association of Georgia) 10:00 a.m.-10:30 a.m.
 State of Atlanta StartUp Ecosystem Report , Adam Harrell (Executive Director of StartUp Atlanta) 10:30-11:00 a.m
 Association for Corporate Growth, Melanie Brandt (Executive Director of ACG Atlanta, Inc.) - 11:00-11:30 a.m.
 2015 By the Numbers- Allyson Eman (Executive Director with Venture Atlanta)- 11:30-12:00 p.m.
 Agenda Items, Rep. Dar’shun Kendrick (District 93)
 Overview of Hearings from Ad Hoc Committee (March 2016) and (May 2016) 12:00-12:30 p.m.
 Proposal No.1: Update to Securities Laws General Overview- 1:00-1:45 p.m.
 Proposal No. 1: Angel Investor Tax Credit /Stats, FAQs and proposals- 1:45 p.m.-2:30 p.m.
 Innovation That Matters Report- 2:30-3:00 p.m.
 Lunch (12:30-1:00)
 Where do we go from here?- 3:00-3:30 p.m.
 Follow up meeting via call or in person

3. INTRASTATE OFFERINGS
(Exemptions to federal registration)
Agenda
Invest Georgia Exemption
(“IGE”)
 $5MM cap (raised from $1MM in fall
of last year)
 3 page form
 No portal required
 $10,000 per unaccredited investor
Other States
 Range: $250k [Oregon]-$4M [Illinois]
with independently reviewed
financials AND officer certified docs
 Investment Amount Per Investor:
$100 [Maryland]-10% of net worth if
$100k+ income [Florida]
 Other Considerations: Many states
demand exclusive use of C portals,
escrow provisions and disclosure
requirements. Also differences on
marketing and advertising and
disqualifications.

4. TAG
(TECHNOLOGY ASSOCIATION OF GEORGIA)
Agenda
 Main Site
 http://tagstateoftheindustry.com/2016/
 Venture Capital Links
 http://tagstateoftheindustry.com/2016/key-
findings/key-finding-5.html
 http://tagstateoftheindustry.com/2016/key-
findings/key-finding-6.html
 http://tagstateoftheindustry.com/2016/key-
findings/key-finding-7.html
 http://tagstateoftheindustry.com/2016/gap-
analysis/gr106-annual-capital-invested.html
 http://tagstateoftheindustry.com/2016/gap-
analysis/gr107-annual-capital-deals.html
 http://tagstateoftheindustry.com/2016/gap-
analysis/gr108-capital-surges-access.html

5. STARTUP ATLANTA
Agenda
2016
Report

6. ASSOCIATION FOR CORPORATE GROWTH
ATLANTA, INC.
Agenda
Letter to Ad Hoc
Committee in
March of 2016

7. Allyson Eman with Venture Atlanta
Agenda
2015 Report by
the Numbers

8. AD HOC COMMITTEE HEARINGS
(Agenda)
March 2016
 Blog
May
 SBIC (Small Business Investment
Corporations)
 Access to capital for minorities
who are not in college/tech
 Network for connecting and
supporting entrepreneurs looking
for capital (Ch. Stephens: What
about the foundations of the
university systems?)

9. PROPOSAL No. 1:
UPDATE TO SECURITIES LAWS
Agenda
 Last updated in 2009 modeled
after the Uniform Securities Act
 Since that time, the Uniform
Securities Act has been revised as
of 2015
 Generally speaking, updates to
include:
 Consistency with new federal JOBS
Act (Title II, Title III, and Title IV)
 Costs?
 Stylistic changes
My
Proposals

10. PROPOSAL NO. 2: ANGEL INVESTOR TAX
CREDIT (“Opportunity for All” Act”)
(Agenda)
 Overview: This bill would EXPAND the current, just
recently expanded (2015) Angel Investor Tax Credit to
be applicable and able to be used by "non-accredited"
investors, not just "accredited investors".
 Current Regulations
 Proposed Regulations (2015 legislation)
 Article on Adopted Regulations
 My Bill (HB 109 formerly)
 Cheat Sheet

11. THE FUTURE: INNOVATION THAT MATTERS
REPORT
(Agenda)
REPORT

12. Join me on social media!
www.kendrickforgeorgia.com
(404) 656-0109
(404) 697-8006 (cell)