Sylebra Capital LLC

Item 5: Fees and Compensation

The fees applicable to each of the Funds are set forth in detail in the corresponding Offering
Documents. Investors should refer to the relevant offering documents for a complete
understanding of how the Firm is compensated for its advisory services.

The following table identifies each Fund’s management fee:

                     Fund                                 Fee Terms (Management fee)
 Sylebra Capital Partners Master Fund, Ltd         The fund will pay a management fee
 Sylebra Capital Partners (Offshore), Ltd.         equivalent to 1/12 of 2.0% of the net asset
 Sylebra Capital Partners (Onshore), Ltd.          value of Series A, B, H and I shares

                                                      (approximately a 2.0% annual rate) after
                                                      subscriptions and redemptions.

                                                      There are no management fees in respect of
                                                      Series M Shares, Series N Shares and Series
                                                      Z Shares.
 Sylebra Capital Menlo Master Fund                    The fund will pay a management fee
 Sylebra Capital Menlo Offshore Fund                  equivalent to 1% of the net asset value of
                                                      Series A and B shares before deduction for
                                                      any accrued profit allocation and that
                                                      month’s management fee.

                                                      There are no management fees in respect of
                                                      Series S shares.

Management fees are separately negotiated for the stand-alone 3(c)7 funds.
The Funds may issue different classes of participating shares and as such the management fee
and/or the performance fee may be further reduced or waived and may permit certain
shareholders to participate in the funds on different terms.
Each of the Sub-Advisers will be paid a fee as agreed between the Manager and each Sub-
Adviser. This fee is payable out of the Management Fee and will be paid directly by the Fund
and/or the Master Fund to each Sub-Adviser. It does not represent an additional cost to the
Fund and/or the Master Fund.

Other Types of Fees or Expenses

In addition to the fees payable to the Manager and its Sub-Advisers, the Advisory Clients (and
therefore Investors) will pay a variety of eligible expenses related to each Fund and Advisory
Client’s investments and operations, including, without limitation (i) management fees; (ii) all
general investment expenses (i.e. expenses which the Manager reasonably determines to be
directly related to the investment of the Advisory Client’s assets); (iii) all administrative, legal,
accounting, auditing, recordkeeping, and tax form preparation expenses; (iv) and fees, costs,
and expenses of third-party services providers that provide such services. The Fund also bears,
as an investor of the Master Fund, its pro rata share of the Master Fund’s operational
expenses, including the types of Fund expenses described above as well as research expenses,
including costs associated with company visits, consultants and research-related travel
expenses.

The Manager and its delegates will bear the costs of providing services to the Fund and the
Master Fund, as applicable, including its general overhead, salary, bonuses and office
expenses. The Sub-Advisers and its delegates will bear the costs of providing services to the
Manager, including its general overhead, salary, bonuses and office expenses.

Currently, the Manager and the Sub-Advisers do not have any formal arrangements or
commission sharing agreements in place to use client commission dollars (i.e. “soft dollars”).
However, the Manager and the Sub-Advisers have received certain services provided by the
brokers and dealers (including Prime Brokers and Execution Brokers) such as capital
introduction, corporate access and research, which may be deemed as “soft dollar
arrangements”. To the extent such usage is deemed to be using “soft dollars”, it would fall
within the safe harbor for fiduciaries’ use of dollar payments established by Section 28(e) of
U.S. Securities Exchange Act of 1934 (the “Exchange Act”).

The expenses to be paid by the Advisory Clients (and therefore Investors) are set forth in detail
in the applicable offering documents. Thus, although the foregoing is a brief summary of the
types of expenses, the Advisory Clients (and therefore Investors) will generally bear; it is not
an exhaustive or complete list. Investors and prospective investors should therefore review
the applicable offering documents carefully because such documents, and not this Brochure
summary, describe the exact expenses the Advisory Clients (and therefore Investors) will bear.

Item 7: Types of Clients

As previously described in Item 4, the Manager provides investment advice and management
to the Funds and stand-alone 3(c)7 funds and may in the future provide the same or similar
services to other privately placed investment funds and/or separately managed accounts.

With respect to the Funds, the Manager intends to offer Interests only through non-public
transactions in order to maintain the Funds’ exclusion from “investment company” status
under the Investment Company Act of 1940, as amended (the “Investment Company Act”).
Prospective Investors must meet eligibility criteria and are subject to certain withdrawal
requirements and limitations.

Prospective Investors are encouraged to thoroughly review the applicable Governing
Documents, which set forth all of the terms in detail. Though the Advisory Clients generally
pursue the same strategy, offering terms may differ.

The Funds are open to any investors who are able to acquire participating shares without
violating applicable laws. All investors that are US Persons (as such term is defined in
Regulation S promulgated under the Securities Act) must be accredited investors (as such term is
defined under the Securities Act) and qualified purchasers or knowledgeable employees (as
such terms are defined under the Investment Company Act) to participate in the Fund.

The Manager also provides investment advisory services via stand-alone 3(c)7 funds to
Advisory Clients that consist of institutional investors and endowments. Going forward new
Advisory Clients may also consist of other sophisticated investors including high net worth
individuals, family offices and foundations. SMAs established on behalf of sophisticated and
institutional investors will involve a significant minimum investment that is individually
negotiated in each Agreement with the applicable Advisory Client. The Manager, in its sole
discretion, will have the ability to reduce, waive or negotiate different minimum investment
requirements with its Clients.