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EXHIBIT 4.31  

 
 

NOTARIAL DEED
  
    PURCHASE AND TRANSFER AGREEMENT    
  

between

INFINEON
Technologies AG

Munich 

represented
by its attorney-in-fact Stephan Reiter, 

("INFINEON")

and 

OSRAM
GmbH

Munich 

represented
by its attorney-in-fact Klaus Hornung, 

("OSRAM") 

hereby
agree as follows: 

Preamble  

The
limited partnership OSRAM Opto Semiconductors GmbH & Co. OHG, with its corporate seat in Regensburg ("OHG"), is registered in the commercial register of the local court of Regensburg under
the number HRA 6036. The currently valid partnership agreement is dated December 23, 1998, and was last amended on February 10, 2000. 

OSRAM
Unternehmensverwaltung GmbH, with its corporate seat in Munich (the "General Partner"), is registered in the commercial register of the local court of Munich under the number HRB 123984. Its
currently valid corporate charter is dated December 23, 1998, and was last amended on February 10, 2000. 

INFINEON
holds EUR 2,239,300 in the partnership capital of the OHG. OSRAM holds EUR 2,330,700 in the partnership capital of the OHG. The capital holdings have been fully paid in by cash
or contribution in kind. The General Partner holds no shares in the capital of the OHG. 

In
addition, INFINEON holds an interest of EUR 17,150 in the EUR 35,000 aggregate nominal capital of the General Partner. OSRAM holds an interest of EUR 17,850 in the nominal
capital of the General Partner. The nominal capital of the General Partner consists of cash contributions. The cash contributions have been fully paid in. 

§1

Sale and Transfer of the Shares in the OHG  

	1.
	INFINEON
hereby sells and transfers to OSRAM its interest in the OHG described in the preamble, with all rights and obligations attaching thereto, with economic and factual effect
from August 14, 2001 (the "Effective Date"). From the Effective Date OSRAM is entitled to all profits and losses. OSRAM expressly accepts this transfer.

	2.
	With
effect from the transfer of the shares in the OHG, INFINEON's Capital Accounts Nos. 1 through 3 shall be transferred to OSRAM. Any possible balancing adjustment to the
balancing 

1

 

account
of INFINEON as of the Effective Date will be paid to INFINEON. Any potential liability in the balancing account of INFINEON as of the Effective Date will be settled by INFINEON. 

	3.
	50%
of the net income for the financial year 2000/2001, pro-rata through August 13, 2001, will, in accordance with §17 para. 5 of the
partnership agreement, be credited to Capital Account No. 3; the remaining 50% of the net income for the financial year 2000/2001, pro-rata through August 13, 2001, will be
credited as follows: 51% to the balancing account of OSRAM, and 49% to the balancing account of INFINEON; such 49% shall be paid out to INFINEON.

	4.
	The
purchase price for the interest to be sold in accordance with §1 para. 1 above shall be EUR 528,463,000 (Euro Five Hundred Twenty Eight Million Four
Hundred Sixty Three Thousand).

	5.
	Any
client base of INFINEON in the field of the business of the OHG is transferred to the OHG and is included in the purchase price. 

§2

Sale and Transfer of the GmbH Shares of the General Partner  

	1.
	INFINEON
hereby sells and transfers to OSRAM its interest in the General Partner described in the preamble, with all rights and obligations, with economic and factual effect from
the Effective Date. OSRAM is entitled to all profits and losses arising after the Effective Date. OSRAM expressly accepts the transfer.

	2.
	The
pro-rata portion of the potential net income for the financial year 2000/2001 through August 13, 2001 belongs to INFINEON and OSRAM in proportion to their
interest in the General Partner as of August 13, 2001, and will accordingly be paid as dividends in the proportion of 51% to OSRAM and 49% to INFINEON.

	3.
	The
purchase price for the interest transferred in accordance with §2 para. 1 shall be EUR 37,387,000 (Euro Thirty Seven Million Three Hundred Eighty Seven
Thousand). 

§3

Payment of Purchase Price  

The
purchase price due in accordance with §1 para. 4 and §2 para. 3 shall be payable as of the Effective Date. The payment shall be made to Account
No. 153087200 with Commerzbank Munich (BLZ 700 400 41). 

§4

Warranty, Liability  

	1.
	INFINEON
hereby warrants that its interest in the OHG described in the preamble and its interest in the General Partner described in the preamble are legally valid; its
contributions to the General Partner and payment into the share capital of the OHG have been fully paid or made by contribution in kind; INFINEON may freely dispose of its interests; and such
interests are not encumbered by the interests of any third parties.

	2.
	Further
warranties are expressly excluded.

	3.
	OSRAM
undertakes to hold INFINEON harmless from any liabilities of the OHG. 

§5  

INFINEON
consents to the continued use of the business name. 

2

 
§6  

OSRAM
and INFINEON shall make arrangements between themselves to each bear half of any potential acquisition taxes incurred by the OHG in connection with the transfer of the interests in the OHG or
the GmbH. To the extent that any tax liabilities in accordance with the previous sentence arise from actions or omissions that are in the sole power of one of the parties, such party shall bear such
tax liability itself and shall hold the other party, the OHG and the GmbH harmless therefrom. Tax benefits to any of the parties that result from such tax liabilities will be appropriately offset.
Corporation tax and solidarity surcharge shall be unlimitedly borne by the party on which they fall. 

§7

Arbitration  

	1.
	Any
disputes that arise in connection with this Agreement or its validity shall be finally decided in accordance with the rules of arbitration of the German Institute for
Arbitration e.V., with exclusion of recourse to the courts of law. The arbitral tribunal may also reach a binding decision as to the validity of this agreement to arbitrate.

	2.
	The
place of arbitration shall be Munich. 

§8

Miscellaneous Provisions  

	1.
	Changes
and additions to this Agreement must be made in writing, even if no notarial deed is required by law.

	2.
	If
any provision of this Agreement shall be found to be invalid, the validity of the other provisions shall not be thereby affected. The parties are obligated to replace such
invalid provision with another provision most closely designed to achieve the same commercial result.

	3.
	The
costs of this document and its execution shall be borne by the parties equally.

	4.
	The
OHG owns no real property.

	5.1
	INFINEON
agrees, for itself and its subsidiaries, to work to ensure that employees of the OHG or its subsidiaries, or of OSRAM or its subsidiaries, shall not actively be solicited,
such that they terminate their employment and enter into an employment contract or other service contract with INFINEON or its subsidiaries.

	5.2
	OSRAM
and the OHG, as well as their respective subsidiaries, likewise agree not to solicit any employees of INFINEON.

	5.3
	The
obligations of §8 para. 5.1 and para. 5.2 shall cease upon termination of the non-competition agreement executed in accordance with the
charter of the OHG.

	6.1
	The
parties hereby agree that all intellectual property rights indicated on Annex B to the Contribution Agreement of December 23, 1998 between Siemens AG and
the OHG are the sole property of the OHG, to the extent that such rights have not in individual cases been re-transferred to Siemens AG or to INFINEON. To the extent that any other
allocations of such intellectual property rights to INFINEON or its subsidiaries are effected, INFINEON will, with the co-operation of OSRAM, take all steps necessary to secure the rights
of the OHG in such intellectual property rights and to document the same.

	6.2
	Any
further existing intellectual property rights or invention applications worldwide, as well as potential future intellectual property rights and invention applications to the
extent the same arise out of research activities funded by the OHG and have been applied for in the name of 

3

 

INFINEON
or its subsidiaries, shall be treated in the same fashion. The OHG shall have sole interest in such intellectual property rights. 

	6.3
	§8
para. 6.2 shall also apply, mutatis mutandis, to any intellectual property rights that INFINEON claims against the OHG. 

§9

Execution  

Each
party shall receive one original and two certified copies of this document; the General Partner and the OHG, as well as the partners' responsible tax authorities in Munich and Regensburg, shall
each receive one certified copy. 

Zurich,
August 14, 2001 

	/s/ STEPHAN REITER   
 INFINEON Technologies AG	 	/s/ KLAUS HORNUNG   
 OSRAM Gesellschaft mit beschränkter Haftung

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The foregoing document captures the intent of the parties as explained to me. It has been read aloud to Stephan Reiter and Klaus Hornung as representatives of the two contracting parties, acknowledged
by them as correct and as corresponding to the intent of the parties represented by them, and signed. 

Zurich,
August 14, 2001, 14h20 

NOTARIAT
HOTTINGEN-ZÜRICH 

Hans
Rudolf Sulzer, Notary 

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NOTARIAL DEED PURCHASE AND TRANSFER AGREEMENTPrepared by MERRILL CORPORATION

   EXHIBIT 4.32  

Supplement to the

Partnership Agreement dated February 10, 2000 between

Infineon Technologies AG and OSRAM GmbH 

    

Non Compete Agreement

between

OSRAM Gesellschaft mit beschränkter Haftung, Munich

and

Infineon Technologies AG, Munich

	Art. 1	Infineon and its "Affiliated Companies" will not engage in or carry out research or development, production or distribution of "Optoelectronic Semiconductor Devices" as defined in Art. 2.
	

 	

"Affiliated Companies", as used herein, shall mean any existing or future corporation, partnership or other entity, (i) of which more than 50 (fifty) percent of its outstanding shares or securities entitled to vote for the election of directors
or similar managing authority is directly or indirectly owned or controlled by a party, or (ii) that does not have outstanding shares or securities but more than 50 (fifty) percent of whose ownership interest representing the right to make the
decisions for such entity is directly or indirectly owned or controlled by a party, provided, however, that in each case such corporation, partnership or other entity shall be deemed to be an Affiliated Company only so long as such ownership or
control exists and is more than fifty percent (50%).
	

Art. 2	

"Optoelectronic Semiconductor Devices" means any kind of luminescent diodes, laser diodes, organic radiation emitting devices, lamp and/or display modules, signal modules, high power laser diodes, ultraviolet or visible radiation emitting devices,
infrared emitting or detecting devices, but excluding (a) any devices, modules and systems, which are designed or used for any kind of data transmission purposes and (b) any materials, devices or systems based on
indium-phosphide.
	

Art. 3	

The non compete obligation of Infineon and its Affiliated Companies according to Art. 1 (hereinafter referred to as the "Non Compete Obligation") shall not apply:

	(i)
	to
the resale of Optoelectronic Semiconductor Devices as stand-alone products bought by Infineon and/or its Affiliated Companies (hereinafter
collectively referred to as "Infineon Group") from OSRAM Opto Semiconductors OHG and/or its Affiliated Companies ("OOS") during the term of the existing distribution agreement between the OOS and
Infineon.

	(ii)
	to
the procurement, including the technical cooperation with the respective suppliers, of Optoelectronic Semiconductor Devices which Infineon
intends to incorporate into any of its chipsets or systems for sale only as integrated part of such chipsets or systems.

	(iii)
	to
the licensing or sublicensing of the OOS' patents in accordance with the Patent and Know-how License Agreement dated January 01,
1999.

	(iv)
	to
activities of a participation of Infineon Group in any company or other entity, the consolidated revenues from the Optoelectronic Semiconductor
Devices-related activities of which (its "Opto Semiconductor Revenues") do not exceed thirty percent (30%) of the company's consolidated revenues in the Company's most recent financial year or do not 

6

 

exceed EURO 30 Million of the company's consolidated revenues in the Company's most recent financial year (the "Materiality Threshold"). If Infineon Group should, at any time that this
Non-Competition Obligation remains in force, acquire any such company or other entity the Opto Semiconductor Devices Revenues of which exceed the Materiality Threshold, 

	(a)
	Infineon
shall notify OOS and the OSRAM GmbH of such acquisition without undue delay;

	(b)
	OSRAM
GmbH and the Infineon Group shall negotiate in good faith the sale of the Optoelectronic Semiconductor Devices-related activities of such company or entity to OSRAM GmbH or if
so directed by OSRAM GmbH to OOS on mutually agreeable terms; and

	(c)
	if
the Infineon Group and OSRAM GmbH do not agree to such sale within eight weeks following notification delivered pursuant to paragraph (iv)(a), OSRAM GmbH may request
Infineon to sell the Optoelectronic Semiconductor Devices-related activities of such company or entity to OSRAM GmbH or if so directed by OSRAM GmbH to OOS under terms and conditions and for a
purchase price which correspond, to the extent reasonably feasible, to the terms and conditions and the purchase price paid by Infineon when it acquired the Company or entity. The purchase price for
the Optoelectronic Semiconductor Devices-related activities shall then be determined by independent auditors applying the same principles of valuation as apply when Infineon acquired the company or
entity. If OSRAM GmbH decides not to buy the Optoelectronic Semiconductor Devices-related activities, such activities shall be exempt from the non-compete obligations. 

	(v)
	to
any minority investment by the Infineon Group which does not exceed 20% of the outstanding shares and options in the respective company or
entity. 

	Art. 4	This Non-Compete Obligation shall remain in force:

	(i)
	for
so long as Infineon remains an Affiliated Company of Siemens AG or in case that Infineon ceases to be an Affiliated Company of Siemens AG before
the termination of the Partnership Agreement during the duration of the Partnership Agreement.

	(ii)
	in
the event that Infineon ceases to be an Affiliated Company of the Siemens Group or in the event that the Partnership Agreement will terminate
later, the Non-Compete Obligation of Infineon will continue to be in force for so long as is enforceable under applicable German and European competition law; provided, however, that this
Non-Compete Obligation will terminate in any event not later than two years after the latest of (i) the date on which Infineon ceases to be an Affiliated Company of Siemens AG or
(ii) the date on which the Partnership Agreement was terminated.

	(iii)
	no
longer than four years from the date of the initial public offering of Infineon.

Munich, April 03, 2001 

	/s/ HAWLICZEK         /s/ DR. MEYER   

Infineon Technologies AG	 	/s/ SEEBERG         /s/ POKORNY   

OSRAM GmbH
	

Hawliczek            Dr. Meyer	
 	

 

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