OFFERING MEMORANDUMOFFERING MEMORANDUM

PART II OF OFFERING STATEMENT (EXHIBIT A TO FORM C)PART II OF OFFERING STATEMENT (EXHIBIT A TO FORM C)

Persona Network, Inc.Persona Network, Inc.

182 Howard St. 119182 Howard St. 119San Francisco, CA 94105San Francisco, CA 94105

https://persona.iohttps://persona.io

133 shares of Common Stock133 shares of Common Stock

A crowdfunding investment involves risk. You should not invest any funds in thisA crowdfunding investment involves risk. You should not invest any funds in thisoffering unless you can afford to lose your entire investment.offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination ofIn making an investment decision, investors must rely on their own examination ofthe issuer and the terms of the offering, including the merits and risks involved. Thesethe issuer and the terms of the offering, including the merits and risks involved. Thesesecurities have not been recommended or approved by any federal or state securitiessecurities have not been recommended or approved by any federal or state securitiescommission or regulatory authority. Furthermore, these authorities have not passedcommission or regulatory authority. Furthermore, these authorities have not passed

upon the accuracy or adequacy of this document.upon the accuracy or adequacy of this document.

The U.S. Securities and Exchange Commission does not pass upon the merits of anyThe U.S. Securities and Exchange Commission does not pass upon the merits of anysecurities offered or the terms of the offering, nor does it pass upon the accuracy orsecurities offered or the terms of the offering, nor does it pass upon the accuracy or

completeness of any offering document or literature.completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S.These securities are offered under an exemption from registration; however, the U.S.Securities and Exchange Commission has not made an independent determinationSecurities and Exchange Commission has not made an independent determination

that these securities are exempt from registration.that these securities are exempt from registration.

CompanyCompany Persona Network, Inc.

Corporate AddressCorporate Address 182 Howard St. 119, San Francisco, CA 94105

Description of BusinessDescription of Business Persona Network, Inc. - Persona, already with a browserextension for seamless password management thatdifferentiates itself from competitors, is finishing

development on the next stage of our product. Thisincludes mobile app support as well as data syncing and

truly comprehensive online identity management.

Type of Security OfferedType of Security Offered Common Stock

Purchase Price of SecurityPurchase Price of SecurityOfferedOffered

$75.00 per share

Minimum InvestmentMinimum InvestmentAmount (per investor) Amount (per investor)

$150.00

THE OFFERINGTHE OFFERING

Maximum 1,426 shares* of Common Stock ($106,950)

*Maximum subject to adjustment for bonus shares. See 10% Bonus below

Minimum 133 share of Common Stock ($9,975)

Perks*Perks*

$300 — If you invest $300, you will receive:

One (1) free three-year subscription of Persona unlimited

$600 — If you invest $600, you will receive:

One (1) free three-year subscription of Persona unlimited

Persona Bronze Swag Pack: 1 t-shirt, 1 magnet, 5 stickers, 1 pen

Two (2) annual subscription packages to give to friends and family

$1,500 — If you invest $1,500, you will receive:

Two (2) free three-year subscriptions of Persona unlimited

Persona Silver Swag Pack: 2 t-shirts (pick any sizes), 2 magnets, 10 stickers, 2 pens, 1mug

Five (5) annual subscription packages to give to friends and family

$3,000 — If you invest $3,000, you will receive:

Three (3) free three-year subscriptions of Persona unlimited

Persona Silver Swag Pack: 3 t-shirts (pick any sizes), 5 magnets, 25 stickers, 5 pens, 2mugs

Ten (10) annual subscription packages to give to friends and family

$6,000 — If you invest $6,000 you will receive:

Four (4) free three-year subscriptions of Persona unlimited

Persona Silver Swag Pack: 5 t-shirts (pick any sizes), 10 magnets, 50 stickers, 10 pens,4 mugs

Twenty-five (25) annual subscription packages to give to friends and family

If you're interested in perks for investments exceeding $10,000 then please contact us.

*All perks occur after the offering is completed.

The 10% Bonus for StartEngine ShareholdersThe 10% Bonus for StartEngine Shareholders

Persona Network, Inc. will offer 10% additional bonus shares for all investments thatare committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000invested in the StartEngine Reg A+ campaign) within 24 hours of this offering goinglive.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+campaign will receive a 10% bonus on this offering within a 24-hour window of theircampaign launch date. This means you will receive a bonus for any shares youpurchase. For example, if you buy 10 shares of Common Stock at $75 / share, you willreceive 1 bonus share, meaning you'll own 11 shares for $750. Fractional shares will

not be distributed and share bonuses will be determined by rounding down to thenearest whole share.

This 10% Bonus is only valid for one year from the time StartEngine CrowdfundingInc. investors receive their countersigned StartEngine Crowdfunding Inc. subscriptionagreement

Multiple ClosingsMultiple Closings

If we reach the target offering amount prior to the offering deadline, we may conductthe first of multiple closings of the offering early, if we provide notice about the newoffering deadline at least five business days prior (absent a material change thatwould require an extension of the offering and reconfirmation of the investmentcommitment).

THE COMPANY AND ITS BUSINESSTHE COMPANY AND ITS BUSINESS

The company's businessThe company's business

Description of BusinessDescription of Business

Persona Network, Inc. - Persona, already with a browser extension for seamlesspassword management that differentiates itself from competitors, is finishingdevelopment on the next stage of our product. This includes mobile app support aswell as data syncing and truly comprehensive online identity management.

Development Stage: Currently, Persona is in beta mode for individual consumers whohave been granted access. With the help of our campaign on StartEngine, we hope tohave enough resources to release our publicly available software and also generaterevenue through our user subscription services for identity management.

Sales, Supply Chain, & Customer BaseSales, Supply Chain, & Customer Base

While we will be eventually catering to businesses of all types (universities, software,retail, healthcare, etc.), the initial market focus is B2C with individual consumerspurchasing the product. Users may sign up for free and utilize benefits of our softwaresuch as free password management for 50 accounts, which is more than anycompetitor in that arena offers. Paid product includes the unlimited passwordmanagement and what makes Persona special - true identity management with datasyncing across all of your accounts.

CompetitionCompetition

Competitors within the password management arena are Lastpass, Dashlane and1Password. However, as you will read in our marketing analysis, in our opinion, thesearen't true competitors for identity management. On another end, there are singlesign-on solutions who provide a limited solution for integrated account access, mostlyfor employers. Persona comes in as the one and only true online identity management

solution.

Liabilities and LitigationLiabilities and Litigation

There are no pending liabilities or litigation against Persona Network, Inc.

The teamThe team

Officers and directorsOfficers and directors

Matthew Kerle Founder & CEO, Acting CTO, President on the Board, DirectorPatrick Holler Co-Founder & COO, Secretary on the Board, DirectorColby Schaeffer Co-Founder & CFO, Treasurer on the Board, Director

Matthew Kerle Silicon Valley software engineer Until full-time operations, Matthew is in a part-time(although significant working hours) role with Persona in which he worksapproximately 30-35 hours per week. His primary focus is as CEO overseeing allcompany activities but about 50% of his current responsibilities include being activeCTO and leading our team of engineers. Matthew has been with Persona since he firstfounded the company in June 2015. Recent three years' experience beyond role withPersona: Square - Software Engineer (May 2018 to Present). Primary role - SoftwareEngineer at Weebly, now part of Square (June 2016 to May 2018) - Software EngineerIntern (May 2015 to August 2015) Greenville University - IT Helpdesk Coordinator(August 2015 to May 2016)

Patrick Holler IT manager at a large university system Until full-time operations, Patrick is in a part-time (although significant working hours) role with Persona in which he worksapproximately 10-20 hours per week. Patrick joined Persona in October 2015. Recentthree years' experience beyond role with Persona: University of North Texas - ITManager at UNT Dallas (November 2017 to Present). Primary role - IT SupportSpecialist Lead at UNT System (January 2016 to November 2017) ARCHIVEX3D - Co-Founder (March 2013 to January 2016) Greenville University - Manager of TechnicalServices (August 2012 to January 2016)

Colby Schaeffer VP and actuary at global risk consulting firm Until full-time operations, Colby is in apart-time (although significant working hours) role with Persona in which he worksapproximately 20-25 hours per week. Colby joined Persona in March 2017. Recentthree years' experience beyond role with Persona: Aon - Vice President (April 2018 toPresent). Primary role - Assistant Vice President (June 2015 to April 2018)

Number of Employees: 3

Related party transactionsRelated party transactions

The company has not conducted any related party transactions aside from personalcontributions of money from the founders to the company.

RISK FACTORSRISK FACTORS

These are the principal risks that related to the company and its business:

Persona is a young company that is pre-revenue. Persona is a young company that is pre-revenue. Persona has had minor revenueto date. As a SaaS business, we do not currently have recurring subscriptionrevenue since the product is not fully finished for launch to the public. If you areinvesting in Persona, it's because you think our software is a great idea, thatPersona will be able to secure the intellectual property rights to our proprietaryapproach to identity management, that our leadership will be able tosuccessfully market, manufacture and sell Persona's software, and that we canprice it right and sell it to enough people so that the company will succeed.Further, we have never turned a profit and there is no assurance that we willever be profitableValuations at this stage is pure speculation. Valuations at this stage is pure speculation. No one is saying the company isworth a specific amount. It's a question of whether you, the investor, want to paythis price for this security. While we recognize this speculation risk, we note thatour pre-money valuation, prior to seed round, is based on market research andreasonable expectations. This crowd funding campaign bridges the gap betweenour current pre-seed stage and the seed raise.Our business projections are merely estimates. Our business projections are merely estimates. There can be no assurance thatPersona will meet those projections. There can be no assurance that thecompany (and you will only make money) if there is sufficient demand forproduct, people think its a better option than the competition and Persona haspriced the services at a level that allows the company to make a profit and stillattract business. Ultimately, the projections are based on our market analysisand what lesser quality products have done in their first couple years ofoperations.Marketing capabilities Marketing capabilities Persona's hyper growth ambitions are fueled by anexpectation that the marketing strategy will work. While we have secured theservices of a proven SaaS marketing expert, we cannot fully guarantee thestrategy.This is a new and unproven industry This is a new and unproven industry While online identity management is notnew and there are bandaid attempts to the problem with password managers andsingle sign-on solutions, the market for identifiable information data syncing iscompletely new with Persona. Like any unproven industry, there is a product-market fit risk until enough data on that market is obtained, which is the plan (toprove the market) with Persona after this campaign.Technology risk Technology risk We have proven we can build the technology and address manyof the edge cases in syncing data across different online accounts. However,Persona has not proved 100% of this so there is slight risk in the scalability of ourproduct. However, we are confident that no account integration will be too tallof a task for our team to handle as we have addressed every technical hurdle thatwe have faced.

Funding needs Funding needs The ultimate goal after this crowd funding campaign is to raise amulti-million-dollar seed round. If we are unable to secure this then velocity isseverely decreased risking the further development and marketing of theproduct.Cyber security risk Cyber security risk Any online data platform or where personal information isused is susceptible to cyber security concerns. Persona addresses this withindustry leading security protocols, 256-bit AES encryption, a national expert incyber security on our advisory board, and a focus on the product and theprotection of the data. For Persona, users are not the product, their data is notthe product, the seamless and secure management of their identity is theproduct.Uncertain Risk Uncertain Risk An investment in the Company (also referred to as “we”, “us”,“our”, or “Company”) involves a high degree of risk and should only beconsidered by those who can afford the loss of their entire investment.Furthermore, the purchase of any of the Common Stock should only beundertaken by persons whose financial resources are sufficient to enable themto indefinitely retain an illiquid investment. Each investor in the Companyshould consider all of the information provided to such potential investorregarding the Company as well as the following risk factors, in addition to theother information listed in the Company’s Form C. The following risk factors arenot intended, and shall not be deemed to be, a complete description of thecommercial and other risks inherent in the investment in the Company.Our business projections are only projections Our business projections are only projections There can be no assurance that thecompany will meet our projections. There can be no assurance that the companywill be able to find sufficient demand for our product, that people think it’s abetter option than a competing product, or that we will able to provide theservice at a level that allows the company to make a profit and still attractbusiness.The transferability of the Securities you are buying is limited. The transferability of the Securities you are buying is limited. Any CommonStock purchased through this crowdfunding campaign is subject to SEClimitations of transfer. This means that the Common Stock that you purchasecannot be resold for a period of one year. The exception to this rule is if you aretransferring the stock back to the Company, to an “accredited investor,” as partof an offering registered with the Commission, to a member of your family, trustcreated for the benefit of your family, or in connection with your death ordivorce.This offering involves “rolling closings,” which may mean that earlier investorsThis offering involves “rolling closings,” which may mean that earlier investorsmay not have the benefit of information that later investors have. may not have the benefit of information that later investors have. Once we meetour target amount for this offering, we may request that StartEngine instruct theescrow agent to disburse offering funds to us. At that point, investors whosesubscription agreements have been accepted will become our shareholders. Allearly-stage companies are subject to a number of risks and uncertainties, and itis not uncommon for material changes to be made to the offering terms, or tocompanies’ businesses, plans or prospects, sometimes on short notice. Whensuch changes happen during the course of an offering, we must file an amendedto our Form C with the SEC, and investors whose subscriptions have not yet been

accepted will have the right to withdraw their subscriptions and get their moneyback. Investors whose subscriptions have already been accepted, however, willalready be our shareholders and will have no such right

OWNERSHIP AND CAPITAL STRUCTURE; RIGHTS OF THE SECURITIESOWNERSHIP AND CAPITAL STRUCTURE; RIGHTS OF THE SECURITIES

OwnershipOwnership

Matthew Kerle, 48.65% ownership, Series A Preferred StockPatrick Holler, 39.81% ownership, Series A Preferred Stock

Classes of securitiesClasses of securities

Series A Preferred Stock: 100,000

Voting RightsVoting Rights

The holders of shares of the Company's Series A Preferred stock, $0.001 par valueper share are entitled to tenten votes votes for each share held of record on all matterssubmitted to a vote of the shareholders.

Dividend RightsDividend Rights

Subject to ANY preferences that may be granted to any future class of preferredstock, holders of shares of Common Stock and Series A Preferred Stock areentitled to receive ratably such dividends as may be declared by the Board out offunds legally available therefore as well as any distribution to the shareholders.The payment of dividends on the Common Stock and Series A Preferred Stockwill be a business decision to be made by the Board from time to time basedupon the results of our operations and our financial condition and any otherfactors that the Board considers relevant. Payment of dividends on the CommonStock and Series A Preferred Stock may be restricted by law and by loanagreements, indentures and other transactions entered into by us from time totime. The Company has never paid a dividend and does not intend to paydividends in the foreseeable future, which means that shareholders may notreceive any return on their investment from dividends.

Rights to Receive Liquidation DistributionsRights to Receive Liquidation Distributions

In the event of our liquidation, dissolution, or winding up, holders of CommonStock and Series A Preferred Stock are entitled to share ratably in all of ourassets remaining after payment of liabilities and the liquidation preference ofany applicable future class of preferred stock.

Conversion RightsConversion Rights

In some limited situations, shares of Series A Preferred Stock may be converted /convertible into shares of Common Stock on a one-to-one (1:1) basis, as furtherdescribed in the amended articles of incorporation.

Rights and PreferencesRights and Preferences

The rights, preferences and privileges of the holders of the company’s CommonStock and Series A Preferred Stock are identical, except that (1) each share ofCommon Stock is entitled to one vote and each share of Series A Preferred Stockis entitled to ten votes, and (2) in some limited situations, shares of Series APreferred Stock may be converted / convertible into shares of Common Stock ona one-to-one (1:1) basis.

Common Stock: 490

Voting RightsVoting Rights

The holders of shares of the Company's Common Stock, $0.001 par value pershare, are entitled to oneone vote vote for each share held of record on all matterssubmitted to a vote of the shareholders.

Dividend RightsDividend Rights

Subject to any preferences that may be granted to any future class of preferredstock, holders of shares of Common Stock and Series A Preferred Stock areentitled to receive ratably such dividends as may be declared by the Board out offunds legally available therefore as well as any distribution to the shareholders.The payment of dividends on the Common Stock and Series A Preferred Stockwill be a business decision to be made by the Board from time to time basedupon the results of our operations and our financial condition and any otherfactors that the Board considers relevant. Payment of dividends on the CommonStock and Series A Preferred Stock may be restricted by law and by loanagreements, indentures and other transactions entered into by us from time totime. The Company has never paid a dividend and does not intend to paydividends in the foreseeable future, which means that shareholders may notreceive any return on their investment from dividends.

Rights to Receive Liquidation DistributionsRights to Receive Liquidation Distributions

In the event of our liquidation, dissolution, or winding up, holders of CommonStock and Series A Preferred Stock are entitled to share ratably in all of ourassets remaining after payment of liabilities and the liquidation preference ofany applicable future class of preferred stock.

Rights and PreferencesRights and Preferences

The rights, preferences and privileges of the holders of the company’s CommonStock and Series A Preferred Stock are identical, except that (1) each share ofCommon Stock is entitled to one vote and each share of Series A Preferred Stockis entitled to ten votes, and (2) in some limited situations, shares of Series APreferred Stock may be converted / convertible into shares of Common Stock ona one-to-one (1:1) basis.

Convertible Note: 100,000

Upon qualified financing, the $100,000 in convertible notes, signed in May 2018,convert to equity with a 20% discount and 0% interest on a valuation cap of$8,000,000. While the maturity date of these is not until May 31, 2021, the notesare converted into equity based on qualified financing of $1,500,000. Based onthat cap, the amount of Common shares to be issued would be 1,264 shares.

What it means to be a Minority HolderWhat it means to be a Minority Holder

As a minority holder of Common Stock, you will have limited ability, if all, toinfluence our policies or any other corporate matter, including the election ofdirectors, changes to the Company's governance documents, additional issuances ofsecurities, company repurchases of securities, a sale of the Company or of assets ofthe Company, or transactions with related parties. Our Common Stock does haveOur Common Stock does havevoting rights but less than our special class of Series A Preferred Stock. Furthermore,voting rights but less than our special class of Series A Preferred Stock. Furthermore,the percentage of voting that is available to acquire through this campaign is no morethe percentage of voting that is available to acquire through this campaign is no morethan 0.15% of all votes.than 0.15% of all votes.

DilutionDilution

Investors should understand the potential for dilution. Each Investor's stake in theCompany, could be diluted due to the Company issuing additional shares. In otherwords, when the Company issues more shares, the percentage of the Company thatyou own will decrease, even though the value of the Company may increase. You willown a smaller piece of a larger company. This increases in number of sharesoutstanding could result from a stock offering (such as an initial public offering,another crowdfunding round, a venture capital round or angel investment), employeesexercising stock options, or by conversion of certain instruments (e.g., convertiblenotes, preferred shares or warrants) into stock.

If we decide to issue more shares, an Investor could experience value dilution, witheach share being worth less than before, and control dilution, with the totalpercentage an investor owns being less than before. There may also be earningsdilution, with a reduction in the amount earned per share (although this typicallyoccurs only if we offer dividends, and most early stage companies are unlikely to offerdividends, referring to invest any earnings into the Company).

The type of dilution that hurts early-stage investors mostly occurs when the company

sells more shares in a "down round," meaning at a lower valuation than in earlierofferings.

If you are making an investment expecting to own a certain percentage of theCompany or expecting each share to hold a certain amount of value, it is important torealize how the value of those shares can decrease by actions taken by the Company.Dilution can make drastic changes to the value of each share, ownership percentage,voting control, and earnings per share.

Transferability of securitiesTransferability of securities

For a year, the securities can only be resold:

In an IPO;To the company;To an accredited investor; andTo a member of the family of the purchaser or the equivalent, to a trustcontrolled by the purchaser, to a trust created for the benefit of a member of thefamily of the purchaser or the equivalent, or in connection with the death ordivorce of the purchaser or other similar circumstance.

FINANCIAL STATEMENTS AND FINANCIAL CONDITION; MATERIALFINANCIAL STATEMENTS AND FINANCIAL CONDITION; MATERIALINDEBTEDNESSINDEBTEDNESS

Financial StatementsFinancial Statements

Our financial statements can be found attached to this document. The financialreview covers the period ending in 2017-12-31.

Financial ConditionFinancial Condition

Results of OperationResults of Operation

We have not yet generated any revenues and do not anticipate doing so until we havecompleted the public release of the Persona product, which we do not anticipateoccurring until November 2018, at the earliest. Prior to this campaign, much of 2018has been focused on building out our initial staff and developing a beta of our browserextension. Much of 2017 was finishing initial feasibility testing and developing theunderlying engine that powers Persona. For the first year and a half of operations(June 2015 - December 2016), expenses were quite limited and there was in-houseresearch and development on the problem and building out a prototype B2B solutionprior to a pivot in early 2017.

Based on our forecast, with the liquidity of the anticipated full raise amount, weanticipate that we can operate the business for 5 months without revenue generation.This gives us time to meet the requirements of potential future institutional investors(venture capital groups).

Financial MilestonesFinancial Milestones

We are at the traditional pre-seed stage of a SaaS tech startup. The company isinvesting for continued growth of the brand and the product, as is generating size-ableoperational net income losses as a result with raises supporting the early months ofoperation. We currently forecast 2019, 2020, and 2021 revenues of $0.7 million, $36million and $137 million, respectively, and believes the company will generatepositive net income beginning in 2020. Operational challenges that face Persona ingetting those revenues include ability to produce the final stages of the product,market it, gain users, and beat out potential competition.

Revenues are deducted by operating expenses driven mostly by labor expenses forengineers and designers to build our portions of the product and a marketing and salesteam to manage the growing business. We currently forecast annual operatingexpenses of $1.7 million in 2019, $5.5 million in 2020, and $11.2 million in 2021.

The rapid growth rates are supported by the pricing model, our marketingimplementation with a proven unicorn SaaS marketing expert, and the differentiationthat Persona provides in a market that has already produced similar revenues forlesser quality products like pure password managers.

Liquidity and Capital ResourcesLiquidity and Capital Resources

The company is currently generating operating losses and requires the continuedinfusion of new capital to continue business operations. If the company is successfulin this offering, we will likely seek to continue to raise capital under crowdfundingofferings, equity or debt issuances, or any other method available to the company.

For purposes of liquidity, this raise will provide us the additional capital needed tofund the development of our initial public release of software, which will takeapproximately 5 months. Note that the minimum level of funding provides an extramonth of operational support while we continue to be in contact with institutionalinvestors.

Other capital resources have included convertible note investors, optionalcontributions from shareholders, and continued sourcing of institutional investors.

IndebtednessIndebtedness

The company has outstanding promissory notes adding up to $100,000. The notes bearinterest of 15% per year, paid monthly in arrears, with payments starting in May 2019and the balance due at maturity on May 2021. There are two notes, each worth$50,000, held each by Michael Puchtler and Alice Schaeffer. Additional short term debtaccrued for more traditional methods such as credit cards and personal loans havebeen secured by the founders.

Recent offerings of securitiesRecent offerings of securities

2018-05-15, Section 4 (a)(2), 100000 Convertible Notes. Use of proceeds: Use ofProceeds: Marketing Advisor Contract (Indirect Labor Costs) = $80,000 DirectLabor = $12,477 Legal = $5,115 Vendors = $2,025 Recruiting = $371 OfficeInventory = $12 Total $100,000

ValuationValuation

$7,631,550.00

The price of the shares merely reflects the opinion of the Company as to what wouldbe fair market value. This opinion has been developed based on comprehensiveanalysis of the market. VALUATION COMPARISONS Qualitative info: • During thefirst half of 2017, the median seed-stage valuation, for companies raising their firstround of financing, hit a new record of $6.2 million, nearly double what it was in 2010.Early-stage and late-stage startup valuations reached new highs as well—$20 millionand $65 million respectively (https://qz.com/1051121/the-median-value-of-seed-stage-startups-hits-their-highest-valuation-on-record-6-2-million/) • Average seedround for Software-as-a-Service (SaaS) tech startups is recent $1.7m to $2m(https://www.saastr.com/benchmarks-in-saas-for-seed-and-series-a-rounds/) •Median equity acquired in seed round is just under 20%(https://pitchbook.com/news/articles/11-charts-on-the-latest-trends-in-venture-valuations-and-financing-terms) • Suggested valuations for seed startups (from a guywho talks to B2B SaaS founders), “pre-product or alpha version of product: $3m-$6.5m. (Occasionally, exceptionally strong teams might raise at $8m-$10m with justan idea.)” (https://codingvc.com/an-algorithm-for-seed-round-valuations) •Conclusion – Summing up the above points suggests we should reasonably expect aseed-round valuation of at least $6.2m (recent median and also alpha product) butmore likely to be around $10m due to the strength of advisors and likely raise over$2m with common ratio of average seed round multiplied by factor of 5 (medianequity of 20%). What’s more interesting is seeing how comparative data looks in ourspace, or at least the band-aid attempts at identity/access management where Personawould come in and provide a truly more comprehensive solution to identitymanagement: • DashLane and PasswordBox are the more relevant examples for us tocompare to in terms of both initial valuation and user growth and likely initialvaluations well into the $15-20m range • Average expected valuation on the low-endfor seed rounds in this space is $16.9m • Conclusion – This sub-space seems to getbetter support than other SaaS companies. These are much more direct comparisonsfor Persona due to market validation. With a seed round raise of at least $2m and post-money valuation at least $10m, the pre-money valuation is around $8m. The valuationis calculated on a fully diluted basis, including 1,264 shares for the Convertible Note.See details in Legal section

USE OF PROCEEDSUSE OF PROCEEDS

Offering AmountOffering Amount

Sold (Min)Sold (Min)Offering Amount

Sold (Max)

Total Proceeds:Total Proceeds: $9,975 $106,950

Less: Offering Expenses

StartEngine Fees (6% totalfee)

$599 $6,417

Net ProceedsNet Proceeds $9,376 $100,533Use of Net Proceeds:Use of Net Proceeds:R& D & Production $9,376 $75,000

Marketing $0 $5,000Working Capital $0 $17,603Vendor Services $0 $4,000

Total Use of Net ProceedsTotal Use of Net Proceeds $9,376 $100,533

We are seeking to raise a minimum of $9,975 and a maximum of up to $106,950 in thisoffering through Regulation Crowdfunding. If we manage to raise the maximumamount, we believe the amount will last us 5 months and plan to use the net proceedsof $100,533 on mostly labor for a 15-20 person staff to build out the product for publiclaunch.

R&D: Labor expenses for five months to build out full release of product

Marketing: Geo-targeted advertising on select social media platforms

Working Capital: Additional capital to leverage another month of production plusmargin to cover ad hoc expenses

Vendor Services: Costs to maintain servers, developer applications, mailing systems,analytics, and other vendors

Irregular Use of ProceedsIrregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are notlimited to the following over $10,000: Vendor payments; Any expense labeled"Administration Expenses" that is not strictly for administrative purposes; Anyexpense labeled "Travel and Entertainment"; Any expense that is for the purposes ofinter-company debt or back payments.

REGULATORY INFORMATIONREGULATORY INFORMATION

DisqualificationDisqualification

No disqualifying event has been recorded in respect to the company or its officers ordirectors.

Compliance failureCompliance failure

The company has not previously failed to comply with Regulation CF. This our first CFcampaign.

Annual ReportAnnual Report

We will make annual reports available for request on our website fully available to allshareholders at https://persona.io/investors. The annual reports will be availablewithin 120 days of the end of the issuer's most recent fiscal year.

EXHIBIT B TO FORM CEXHIBIT B TO FORM C

FINANCIAL STATEMENTS AND INDEPENDENT ACCOUNTANT'S REVIEW FORFINANCIAL STATEMENTS AND INDEPENDENT ACCOUNTANT'S REVIEW FORPersona Network, Inc.Persona Network, Inc.

[See attached]

PERSONA NETWORK, INC.

FINANCIAL ATTESTATION I, Matthew Kerle, the Founder & CEO of Persona Network, Inc. (Persona), hereby certify that the financial statements of Persona Network, Inc. and notes thereto for the annual fiscal periods ending December 31, 2016 and December 31, 2017 included in this Form C offering statement are true and complete in all material respects and that the information below reflects accurately the information reported on our federal income tax returns. For the year 2017, the amounts reported on our tax returns were total income of $(-28,231) taxable income of $0 and total tax of $0. IN WITNESS THEREOF, this Principal Executive Officer's Financial Statement Certification has been executed as of the 31st day of October 2018. _______________________ (Signature) _______________________ (Title) _______________________ (Date)

2

PERSONA NETWORK, INC.

FINANCIAL STATEMENTS (UNAUDITED)

AS OF AND FOR THE YEARS ENDED

December 31, 2016 and 2017

3

Persona Network, Inc.

Index to Financial Statements (unaudited)

Pages Balance Sheets as of December 31, 2017 and 2016 1 Statements of Operations for the years ended December 31, 2017 and 2016 2 Statements of Stockholders’ Equity the for years ended December 31, 2017 and 2016 3 Statements of Cash Flows for the years ended December 31, 2017 and 2016 4 Notes to the Financial Statements 5

4

PERSONA NETWORK, INC. BALANCE SHEETS

DECEMBER 31, 2017 AND 2016 (unaudited)

5

PERSONA NETWORK, INC. STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (unaudited)

CY2016 CY2017 Operating Revenue $0 $0 Investing Revenue $0 $0 Labor $0 $7,931 Vendor Services $0 $1,156 Property $0 $0 Recruiting Expenses $0 $0 Employee Travel $0 $0 Misc. Operating Expenses $0 $19,144 Operating Expenses $0 $28,231 Operating Income $0 ($28,231)

Note that for time periods prior to CY2017, there were no operating expenses (nor revenue).

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PERSONA NETWORK, INC. STATEMENTS OF STOCKHOLDERS’ EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (unaudited)

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PERSONA NETWORK, INC. STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (unaudited)

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NOTE 1 – NATURE OF OPERATIONS Persona Network, Inc. was formed on June 25, 2015 (“Inception”) in the State of Delaware. The financial statements of Persona Network, Inc. (which may be referred to as the "Company", "we," "us," or "our") are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s headquarters are located in Phoenix, AZ with primary mailing address in San Francisco, CA. [Persona Network, Inc.] Persona, already with a browser extension for seamless password management that differentiates itself from competitors, is finishing development on the next stage of our product. This includes mobile app support as well as data syncing and truly comprehensive online identity management. Currently, Persona is in beta mode for individual consumers who have been granted access. Persona will then be ready to release our publicly available software and also generate revenue through our user subscription services for identity management. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amount of expenses during the reporting periods. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term. Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value:

Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities

in active markets. Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity.

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

Fair-value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2016 and 2017. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. Cash and Cash Equivalents

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For purpose of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. Revenue Recognition The Company will recognize revenues from subscription agreements with customers in additional to investment revenue earned when (a) persuasive evidence that an agreement exists; (b) the service has been performed; (c) the prices are fixed and determinable and not subject to refund or adjustment; and (d) collection of the amounts due is reasonably assured. Stock Based Compensation The Company accounts for stock options issued to employees under ASC 718 Share-Based Payment. Under ASC 718, share-based compensation cost to employees is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense over the employee’s requisite vesting period. The fair value of each stock option or warrant award is estimated on the date of grant using the Black-Scholes option valuation model. The Company measures compensation expense for its non-employee stock-based compensation under ASC 505 Equity. The fair value of the option issued or committed to be issued is used to measure the transaction, as this is more reliable than the fair value of the services received. The fair value is measured at the value of the Company’s common stock on the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. The fair value of the equity instrument is charged directly to stock-based compensation expense and credited to additional paid-in capital. Income Taxes The Company applies ASC 740 Income Taxes (“ASC 740”). Deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax expense for the period, if any and the change during the period in deferred tax assets and liabilities. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. A tax benefit from an uncertain position is recognized only if it is “more likely than not” that the position is sustainable upon examination by the relevant taxing authority based on its technical merit. The Company is subject to tax in the United States (“U.S.”) and files tax returns in the U.S. Federal jurisdiction and Delaware state jurisdiction. The Company is subject to U.S. Federal, state and local income tax examinations by tax authorities for all periods since Inception. The Company currently is not under examination by any tax authority. Concentration of Credit Risk The Company maintains its cash with a major financial institution located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $250,000. At times, the Company may maintain balances in excess of the federally insured limits.

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NOTE 3 – DEBT No outstanding debt as of the end of the most recent fiscal year. See below at Note 6 for related party transactions since the end of the most recent fiscal year. NOTE 4 – COMMITMENTS AND CONTINGENCIES We are currently not involved with or know of any pending or threatening litigation against the Company or any of its officers. NOTE 5 – STOCKHOLDERS’ EQUITY Common Stock As of January 1, 2018, we have authorized the issuance of 1,000,000 shares of our common stock with par value of $0.001 per share. Prior to that, there were only 1,500 shares of common stock authorized. As of December 31, 2017 the company had issued 0 shares of common stock. Note that as of October 31, 2018, the company has currently issued 490 shares of our common stock with an additional 1,264 expected to be issued in the convertible notes. This brings it to a total of 1,754 shares of our common stock that are essentially issued. Preferred Stock As of January 1, 2018, we have authorized the issuance of 1,000,000 shares of our preferred stock with par value of $0.001 per share. Prior to that, there were no shares of preferred stock authorized. There is currently only one class of preferred stock, called Series A Preferred. As of December 31, 2017 the company has issued 0 shares of preferred stock. Note that as of October 31, 2018, the company has currently issued 100,000 shares of our preferred stock, all Series A Preferred. NOTE 6 – RELATED PARTY TRANSACTIONS There are no related party transactions or debt as of the end of the most recent fiscal year. Note that as of October 31, 2018, the company has two convertible notes for which add up to $100,000 in total. While the maturity date of these is not until May 31, 2021, the notes are converted into equity based on qualified financing of $1,500,000. These notes carry a 20% discount, 0% interest on equity, and a $8,000,000 valuation cap. Based on that cap, the Company expects to issue 1,264 shares of common stock, as included in the total specified in Note 5. NOTE 7 – SUBSEQUENT EVENTS The Company has evaluated subsequent events that occurred after the fiscal year ending December 31, 2017 to October 31, 2018 for the issuance date of these financial statements. Other than what is listed above (see Note 5 and Note 6), there have been no other events or transactions during this time which would have a material effect on these financial statements.

EXHIBIT C TO FORM CEXHIBIT C TO FORM C

PROFILE SCREENSHOTSPROFILE SCREENSHOTS

[See attached]

VIDEO TRANSCRIPT (Exhibit D)VIDEO TRANSCRIPT (Exhibit D)

No Video Present.

STARTENGINE SUBSCRIPTION PROCESS (Exhibit E)STARTENGINE SUBSCRIPTION PROCESS (Exhibit E)

Platform Compensation

As compensation for the services provided by StartEngine Capital, the issuer is required topay to StartEngine Capital a fee consisting of a 6-8% (six to eight percent) commissionbased on the dollar amount of securities sold in the Offering and paid upon disbursementof funds from escrow at the time of a closing. The commission is paid in cash and insecurities of the Issuer identical to those offered to the public in the Offering at the solediscretion of StartEngine Capital. Additionally, the issuer must reimburse certainexpenses related to the Offering. The securities issued to StartEngine Capital, if any, willbe of the same class and have the same terms, conditions and rights as the securities beingoffered and sold by the issuer on StartEngine Capital’s website.

Information Regarding Length of Time of Offering

Investment Cancellations: Investors will have up to 48 hours prior to the end of theoffering period to change their minds and cancel their investment commitments for anyreason. Once within 48 hours of ending, investors will not be able to cancel for any reason,even if they make a commitment during this period.Material Changes: Material changes to an offering include but are not limited to: Achange in minimum offering amount, change in security price, change in management,material change to financial information, etc. If an issuer makes a material change to theoffering terms or other information disclosed, including a change to the offering deadline,investors will be given five business days to reconfirm their investment commitment. Ifinvestors do not reconfirm, their investment will be cancelled and the funds will bereturned.

Hitting The Target Goal Early & Oversubscriptions

StartEngine Capital will notify investors by email when the target offering amount has hit25%, 50% and 100% of the funding goal. If the issuer hits its goal early, and the minimumoffering period of 21 days has been met, the issuer can create a new target deadline atleast 5 business days out. Investors will be notified of the new target deadline via emailand will then have the opportunity to cancel up to 48 hours before new deadline.Oversubscriptions: We require all issuers to accept oversubscriptions. This may not bepossible if: 1) it vaults an issuer into a different category for financial statementrequirements (and they do not have the requisite financial statements); or 2) they reach$1.07M in investments. In the event of an oversubscription, shares will be allocated at thediscretion of the issuer.If the sum of the investment commitments does not equal or exceed the target offeringamount at the offering deadline, no securities will be sold in the offering, investmentcommitments will be cancelled and committed funds will be returned.If a StartEngine issuer reaches its target offering amount prior to the deadline, it mayconduct an initial closing of the offering early if they provide notice of the new offeringdeadline at least five business days prior to the new offering deadline (absent a materialchange that would require an extension of the offering and reconfirmation of theinvestment commitment). StartEngine will notify investors when the issuer meets its

target offering amount. Thereafter, the issuer may conduct additional closings until theoffering deadline.

Minimum and Maximum Investment Amounts

In order to invest, to commit to an investment or to communicate on our platform, usersmust open an account on StartEngine Capital and provide certain personal and non-personal information including information related to income, net worth, and otherinvestments.Investor Limitations: Investors are limited in how much they can invest on allcrowdfunding offerings during any 12-month period. The limitation on how much theycan invest depends on their net worth (excluding the value of their primary residence) andannual income. If either their annual income or net worth is less than $107,000, thenduring any 12-month period, they can invest up to the greater of either $2,200 or 5% of thelesser of their annual income or net worth. If both their annual income and net worth areequal to or more than $107,000, then during any 12-month period, they can invest up to10% of annual income or net worth, whichever is less, but their investments cannot exceed$107,000.

EXHIBIT F TO FORM C ADDITIONAL CORPORATE DOCUMENTS