Disclosure

• JSC Advisors, LLC is a registered investment advisor pursuant to the Investment Advisers Act of 1940 and commenced operation in August 2008 (the "Advisor") , as described in Form ADV Part II.

• The Advisor is an affiliate of JSC Municipal Bond Fund, LP, a Delaware Limited Partnership (the "Partnership") which had offered interests as described in a Confidential Private Placement Memorandum dated September 5, 2007 (the "Interests"). Parternship Interests are no longer available to any additional investors. The Partnership is not registered under the Investment Company Act of 1940, as amended (the "Investment Company Act"), in reliance upon Section 3 (1) therof. The Partnership Interests had not been registered under the Securities Act of 1933, as amended (the "1933 Act"), and have not been registered under the securities laws of any state, but were offered and sold for purposes of investment and in reliance on the statutory exemptions contained in Sections 4(2) and/or 3(b) of the 1933 Act in reliance on applicable exemptions under state securities law.

• JSC Advisors, LLC is an affiliate of Navaid Financial Services, Inc. a Delaware Corp., a member of NASD, SIPC, MSRB, and registered pursuant to applicable regulation of the Securities Exchange Commission and regulated by the Financial Industry Regulatory Authority ("FINRA") ("the Broker-Dealer").

• JSC Asset Management, LLC is the General Partner of the Partnership, the Advisor and the Broker-Dealer (the "GP").

• The Advisors fee is 1.00% of assets invested pursuant to the Investment Advisory Contract (the "Investment Agreement") calculated as of the last calendar day of each quarter during which the Investment Agreement is in effect., unless otherwise waived or amended in accordance with the terms and conditions of the Investment Agreement.

• Past investment performance is not a guarantee of future results. Historical rates of return may not be indicative of future performance or rates of return.

• Performance shown is net of legal, accounting and administrative fees charged by the Partnership, but does not include custodian fees charged to participants in the Partnership. The returns shown for the Partnership are audited through September 30, 2008. Information after September 30, 2008 are not audited nor reviewed by the Advisor, the GP, the Partnership or the Broker-Dealer, and are current as of December 31, 2008.

• MorningStar@ Information Index is one of the Capital Market Indexes developed by Morningstar Corp. as an index of exchange-traded funds, mutual funds and structured products using proprietary research and methodology to provide information on investment value.

• These materials do not constitute investment advice nor an offering to buy or sell any securities, nor a solicitation of securities , and may not be relied upon in the purchase or sale of any securities.

• The information contained in these materials is confidential and proprietary information of the Advisor and its affiliates, and may not be distributed or disclosed without the permission of D. Drew Siok who may be reached at dsiok@navaidfinancial.com or 215.985.9100 or M. Lisa P. Howard, Esq.