This document summarizes a convertible note offering by iConsumer, an ecommerce loyalty program company. iConsumer has grown from 15,000 to 40,000 members in the past year and estimates it will reach cash flow positive status once it has 250,000 members. The company is seeking to raise $1 million through an 8% interest, 3-year convertible note that would help iConsumer achieve its goal of 1 million members within 2 years. Key assumptions outlined include estimated revenue, costs, and valuation per member as the company continues to grow its member base and work towards an up-listing to an exchange.