Common use of NOTICE OF PENDENCY OF CLASS ACTION Clause in Contracts

NOTICE OF PENDENCY OF CLASS ACTION. Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the Northern District of California (the “Court”), if you purchased or otherwise acquired Dropbox, Inc. (“Dropbox” or the “Company”) common stock pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dropbox’s March 22, 2018 initial public offering (the “IPO”). NOTICE OF SETTLEMENT: Please also be advised that the Court-appointed Lead Plaintiff ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and plaintiff ▇▇▇▇ ▇▇▇▇▇▇▇▇ (“Plaintiffs”), on behalf of themselves and the Settlement Class (as defined in ¶ 21 below), have reached a proposed settlement of the Action for $1,375,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).