What is the priority of the notes?
The notes are subordinate to all other existing and future secured, unsecured, senior and subordinate debt obligations of Zanett, Inc. If the company encounters serious financial difficulties, principal and interest payments to secured and higher priority creditors would take precedence over payments to the note holders. The company currently has substantial debt and is likely to incur or issue additional debt that would rank senior in priority of repayment to the notes. See the prospectus for more details.
