Please be advised that on December 6, 2016, Pebble Industries, Inc. and Pebble Technology, Corp. (collectively, the “Company” or “Pebble”) entered into an Assignment for the Benefit of Creditors (“Assignment”) and appointed Pebble Tech (assignment for the benefit of creditors), LLC as assignee (“Assignee”). An Assignment is a state level insolvency proceeding undertaken under state law, in this case California, with the primary governing law found in California Code of Civil Procedure sections 493.010 to 493.060, sections 1800 to 1802, and section 1204.



Shortly following the Assignment, also on December 6, 2016, the Assignee sold certain assets, including intellectual property related to software and firmware development (the “Acquired Assets”), to Fitbit, Inc. (NYSE:FIT) (“Fitbit”), the leader of the connected health and fitness category. As part of its purchase of the Acquired Assets from Pebble, Fitbit hired certain personnel and assumed from Pebble a limited set of Pebble’s liabilities. These “Assumed Liabilities” relate solely to certain contracts Fitbit is assuming from the Company and certain employee, tax, and other obligations that arise after the Assignment and the closing of the sale to Fitbit. All other liabilities are “Retained Liabilities” of Pebble to be addressed through the Assignment process as described below and in the embedded links.



Under California law, creditors will be notified within 30 days of the Assignment by a written notice. This notice will outline the process by which creditors may file a proof of claim to establish a claim for any obligations due and includes a link to an automated claim filing site www.proofofclaims.com/PebbleTech; a copy of the notice is included on this web site for your information, and the deadline to file a claim is approximately 180 days (as required by law) from the date of the Assignment.



For the Company, the Assignee continues to monetize any remaining assets and will compile all claims of creditors and distribute recoveries, if any, on a pro-rata basis to creditors based on each claim’s priority following the filing deadline.



Please note that Pebble is no longer promoting, manufacturing, or selling any devices, and that Pebble functionality or service quality may be reduced in the future. Orders from www.pebble.com are no longer being accepted or fulfilled, including any pre-orders which have not yet been charged or shipped. Warranty support is no longer available for Pebble watches. How-to information and troubleshooting can still be found on the Company’s support website at help.getpebble.com and in the Pebble user forum at forums.pebble.com. Pebble watches purchased at retail may be returned or exchanged based on the retailer’s return policy.



Other user-related information and information related to the Company’s sale of certain assets to Fitbit may be found via the Company’s blog post at blog.getpebble.com/2016/12/07/fitbit.



The Assignment entity is a California limited liability company, Pebble Tech (assignment for the benefit of creditors), LLC (“Assignee”). The Assignee is a special purpose entity established to liquidate the assets of the Company, compile claims, and distribute proceeds, if any, to creditors according to the priority established in the California Code. You should note that with the exception of the relationship created by the Assignment, the Company and Assignee have no corporate affiliations to each other.



The Assignee may be contacted at:

Pebble Tech (assignment for the benefit of creditors), LLC

P.O. Box 391600

Mountain View, CA 94039-1600

650-412-2521 Fax

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