Depends on the terms - it could convert to equity, get paid back, or have it's maturity date extended... More here: http://www.startupcompanylawyer.com/2007/04

Depends on the terms - it could convert to equity, get paid back, or have it's maturity date extended... More here: http://www.startupcompanylawyer.com/2007/04/29/what-happens-to-the-convertible-promissory-note-if-the-maturity-date-is-reached-and-there-hasnt-been-a-financing/ http://www.startupcompanylawyer.com/2007/04/29/what-happens-...