What is a Convertible Promissory Note?

A convertible promissory note is a debt instrument that converts to equity in the company that issues it when certain conditions are met.
There’s a Contract in Everything You Sign

Everything you sign is a promissory note, debt instrument, and credit agreement in the form of a Credit Application contract according to the Uniform Commercial Code of Contract STATUTES under Color of Law.
A Hidden Secret of Contract Money!

Secret of Contract Money! A dirty little secret that all Private Federal Reserve Banks want and need you to believe. Learn more here!
What is the Validity of a Promissory Note?

A promissory note is only valid if it is for a monetary transaction to create money and debt as banks and lenders do or to pay off money or debt with a Credit Agreement Payoff Security Instrument Promissory Note.