activities, assets or liabilities. Cybernet AG was organized in December 1995 under the laws of Germany and commenced significant operations in 1996. The terms "Cybernet", "we", "us" and "our" refer to Cybernet Delaware and its subsidiaries, except where its use is such that it is clear that such term means only Cybernet Delaware. In this document, all references to monetary amounts are to "Euros", the lawful currency adopted by most members of the European Union (the "EU"), unless otherwise stated, and "E" refers to Euros.