1248 Partners LLC

Item 5 – Fees and Compensation

Fees

The fees and expenses for each Fund are described in the Offering Documents for the respective
Fund. For Funds that charge an annual management fee, the fee is generally payable either
quarterly or annually in advance. Performance-based compensation is generally payable at the time
when the investor has received distributions equal to the amount of its capital contribution. Please
refer to the applicable Fund’s Offering Documents for more information.

In addition to the fees paid to 1248, to the extent a Fund invests in other funds, the Fund will bear
its pro rata share of the fees (including asset-based and performance-based compensation) and
expenses of such underlying funds.

Operating and Other Expenses

Funds managed by 1248 will either bear their own Organizational Expenses, Investment Expenses
and Operating Expenses or the Manager will bear these expenses. These fees are detailed in each
Fund’s Offering Documents. Please refer to a Fund’s Offering Documents for additional
information regarding fees and expenses, as these documents contain important information
specific to each respective Fund.

Item 7 – Types of Clients

1248 and its affiliates serve as general partner, managing member, or investment manager to
private investment funds. Any applicable investment minimums for a Fund are described in the
corresponding Offering Documents for such Fund. Investors in the Funds are required to meet
various suitability requirements.