Mark T. Kim

Pebble U.S. Market Fund, L.L.C. ('Fund'), a Louisiana limited liability company, is offering a series of limited liability company units ('Units') of up to a maximum value of $100,000,000. Throughout the initial offering period, the net asset value of a Unit is $1,000.00. Units will be sold at net asset value thereafter. Pebble Management Group, L.L.C. (PMG) and additional soliciting advisors are offering the Fund's Units at a price of month-end net asset value per Unit. The offering will be conducted on a continuous basis until all Units have been sold or the Fund is closed by the commodity pool operator, Pebble Asset Management, L.L.C. (PAM), who reserves the right to close the fund prior to all units being sold. No up-front underwriting discount or commissions apply. The soliciting advisors are not required to sell any specific number of Units or dollar amount of the Fund but will use their best efforts to sell Units of the Fund. Subscription proceeds are held in a segregated account at Capital One (Bank), NA until released to the Fund. There is no minimum number of Units that must be sold for Units to be issued at the end of each month.

Duke University is an academic university that offers undergraduate, graduate and professional programs. It also has publications and research services. The university was founded in 1838 and is headquartered in Durham, NC.

Goldman Sachs & Co. LLC (GS&Co.) is a securities brokerage firm headquartered in New York City. Founded in 1927, the firm is a subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS). GS&Co. provides services to help hedge funds manage risk, monitor portfolios, maintain liquidity and build their businesses. They offer clients access to global equity and derivatives markets, as well as foreign exchange, commodities, European Lefts, rates and credit across the Americas, Europe and Asia. The firm proactively monitors capital markets, searching for pockets of liquidity and news that may require changes to those strategies. Integration with the Goldman Sachs network gives clients access to the firm's sectored block trades and their insights into price discovery. Their electronic trading program provides clients with tools to manage their trades from pre-trade analytics to post-trade analysis.

Artemis Capital Group, Inc. engages in financial and managerial activities. The private company is based in New York, NY. The company was founded by Robin L. Wiessmann.

Northwestern University is a private institution founded in 1851 to serve the Northwest Territory, an area that now includes the states of Ohio, Indiana, Illinois, Michigan, Wisconsin and parts of Minnesota. Northwestern has three campuses

Founded by the Illinois state legislature in 1895, the Public School Teachers Retirement Fund of Chicago is a pension fund located in Chicago. They are also known as the Chicago Teachers Pension Fund.

TD Banknorth, Inc. provides banking and financial services. It also offers insurance, wealth management, merchant services, mortgage and government banking, private label credit cards, and other financial services. The company is headquartered in Portland, ME.

Foundation for a Healthy St. Petersburg operates hospitals. The medical center also provides Bayflite, one of the hospital-based flight programs in the Southeast. The firm’s services include critical care medicine, diagnostic imaging, digestive health and ear, nose and throat care. The company was founded in 1906 and is headquartered in St. Petersburg, FL.

The Securities Investor Protection Corporation either acts as trustee or works with an independent court-appointed trustee in a missing asset case to recover funds. The statute that created SIPC provides that customers of a failed brokerage firm receive all non-negotiable securities that are already registered in their names or in the process of being registered. Recovered funds are used to replenish SIPC's reserve in the event that the reserve is tapped in the early stages of a liquidation proceeding.

The Chicago Policemens Annuity & Benefit Fund is the administrator of a defined-benefit, single employer pension plan. The Fund was founded in 1922 and is located in Chicago, Illinois.

Public Resources Advisory Group, Inc. is an independent financial and investment advisory firm that has been serving the municipal community since 1985. The private company is based in New York, NY, and has subsidiaries in the United States. The company provides financial planning and advisory services, debt issuance and management, quantitative modeling and analytics, derivatives and swaps, and investment advisory services. The company specializes in affordable housing, economic development, environmental utilities, higher education, general municipal, public power, public-private partnerships (P3s), and transportation. The company is registered as a municipal advisor with the Municipal Securities Rulemaking Board and the U.S. Securities and Exchange Commission and are a registered investment adviser. The company is employee-owned and managed and does not engage in any form of underwriting, trading, marketing, or investing in securities.

The New York City Housing Development Corporation (HDC) issues bonds for multi-family housing. Established as a public benefit corporation by the State of New York in 1971, HDC is responsible for financing the creation and preservation of affordable housing within the five boroughs of New York City. Its programs are designed for multi-family rental housing and cooperative developments and serve a wide range of income segments from very-low to middle-income tenants. The company is headquartered in New York, NY.

EnerTech Capital Partners (EnerTech Capital) is a venture capital firm founded in 1996 by Scott Ungerer. The firm is headquartered in Ambler, Pennsylvania.

YMCA of Greater New York operates as a community service organization. The company was founded in 1852 and is headquartered in New York, NY.

Citizens Budget Commission, Inc. operates an organization that influences constructive changes in the finances and services. It researches and analyzes the city's finances and fiscal affairs of state government and evaluates the management of city government. The company was founded in 1932 and is headquartered in New York, NY.

Financial Industry Regulatory Authority, Inc. engages in the provision of securities regulation, complementary compliance, and technology-based services. Its services include writing and enforcing rules governing the activities of securities firms with brokers, examining firms for compliance with those rules, fostering market transparency, and educating investors. The company was founded in 2007 and is headquartered in Washington, DC.

Alliance for Downtown New York, Inc. provides physical and economic environmental services. The film's services include supplemental security, sanitation, streetscape, design, transportation, economic development and incentives such as business assistance, recruitment, research, data collection and business development. The firm also provides marketing and tourism services which include special events, promotions, tourism programming as well as guides, brochures and publications. It provides neighborhood services including public safety, downtown connection, environmental improvements and beautification. The company was founded in 1995 and is headquartered in New York, NY.

The Catholic Charities of the Archdiocese of New York operates as non-profit organization. It protects and nurtures children and youth; feeds the hungry and shelters the homeless; strengthens families and resolving crisis; supports the physically and emotionally challenged; and welcomes and integrates immigrants and refugees. The company was founded in 1917 and is headquartered in New York, NY.

National Council of State Housing Agencies operates as a non-profit organization that provides affordable housing. It offers housing bonds, housing credit, and home investment partnerships. The company is headquartered in Washington, DC.

The James A. Michener Art Museum is a non-profit organization that operates as a museum with collections of paintings, exhibitions, public programs, and art classes. The company was founded by Herman Silverman in 1988 and is headquartered in Doylestown, PA.

Erikson Institute provides child development services. It offers academic advising, center and pick writing program, multicultural student affairs, services for students with disabilities, computers and technology, student accounts, and health insurance. The company was founded in 1966 and is headquartered in Chicago, IL.

The Conference of State Bank Supervisors is a nationwide organization of financial regulators from all 50 states, American Samoa, and the Virgin Islands. The non-profit company is based in Washington. The American company conducts, sponsor, and support research initiatives, as well as offer in-person and online programs such as the Mortgage Origination Examinations Training. James M. Cooper has been the CEO of the company since 2013.

TD Bank NA provides investing and banking services. Its offerings include personal, small banking, and commercial services through online banking, bills payments, mobile banking, savings & deposit, digital payments, loans and lines of credit, treasury and management services, checking accounts, government banking, and leasing and equipment finance. The company was founded in 1852 and is headquartered in Cherry Hill, NJ.

The Nelson A. Rockefeller Institute of Government is the public policy research arm of the State University of New York. It conducts nonpartisan, data-driven research and analysis on state and local government and finance, American federalism, public management, and New York State issues. The company was founded in 1981 and is headquartered in Albany, NY.

JPMorgan Chase Bank provides investment banking services. The company is headquartered in Toronto, Canada.