JAMES I. BLACK & COMPANY BUSINESS CONTINUITY PLAN DISCLOSURE STATEMENT

James I Black & Co has a business continuity plan (BCP) in place that is reasonably designed to allow the firm to continue serving clients and provide them with access to their funds and securities in the event that our facilities are damaged or otherwise inaccessible. In these cases, James I Black & Co' BCP would result in associates working from another firm location in the same general locale. In addition, we have a data center in another office. In the event of damage to either office, we would move technological support to the unaffected site, with a short¬ term interruption in service. The firm's response is dependent upon whether its utilities and the industry exchanges have been affected. If a situation were to materially affect James I Black & Co' operations, the firm's investment representatives would be able to keep clients apprised of the situation and any impact on them. If clients are, for any reason, unable to contact their investment representative, they may call our emergency support line at 1-863-660-5765. While the firm believes the above to be a fair and accurate representation of its business continuity plan, it may, from time to time, amend or revise the plan as necessary to support current business needs.