This is a modified version of one of the forms of Postmoney SAFE distributed by Y-Combinator and available at http://ycombinator.com/documents. The original SAFE is governed by US laws. This modified version of the SAFE is tailored for use by Estonian companies in Estonia and, accordingly, a number of changes have been, taking into consideration the laws and legal concepts in Estonia.
Please note that this modified version of the SAFE has not been disseminated or approved in any way by Y Combinator Management LLC or any of its affiliates.
There is a separate PDF version available on this site titled “Postmoney Safe – Valuation Cap and Discount v 1.1 (Estonia) (comparison with YC Postmoney SAFE)” which shows all changes made to the original version together with explanations for each material change.
PLEASE CONSULT WITH AN ATTORNEY OR LAWYER IN ESTONIA BEFORE USING THIS DOCUMENT.