Additional conditions for investing on behalf of a minor

When using investment services on behalf of a minor I hereby declare and confirm being aware that:

AS LHV Pank has informed me that, pursuant to law, a previous permission of the court is required for the acquisition of securities at the expense of the funds of a minor, and for the transfer of securities acquired in such a manner;

A previous permission of the court shall not be required, if:

• securities are acquired for a minor (including transfer of funds for the purpose) at the expense of the funds of the legal representative (e.g. parent) (i.e. in case of a gift), and
• the securities acquired for the minor in such a manner are transferred, and
• the proceeds from the transfer are retained by the minor;

I hereby take full proprietary liability for any damage caused to the minor or a third party (including AS LHV Pank) through breach of restrictions established by law for the acquisition or transfer of the securities of the minor, and oblige to compensate such damage. Any damage caused to AS LHV Pank shall be treated as debt, and shall be governed by the General Conditions of AS LHV Pank.