Buildablock Corp (BABL)

[Ecomike]

What is the status of this note?

B. Promissory and Convertible Notes

On May 15, 2021, the Issuer caused a non-interest-bearing promissory note in the principal amount of $100,000 to be issued to Synergy Management Group, LLC as consideration for services rendered to the Issuer. The note was subsequently sold to Peter Smith on June 4, 2021. The Note matures upon the closing of the custodianship proceedings, cause number 2020-022548-CA-01. The note is convertible at the lesser of (a) the average price at which the Issuer sells its common stock during the sixty (60) days prior to the conversion or (b) the par value of the Issuer’s common stock.

And was/is the Par value of the common stock?

Is the note paid off?