Transmeta (Semiconductor) (TMTA)

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Item 1.01 Entry into a Material Definitive Agreement.
On June 5, 2006, Transmeta Corporation, a Delaware corporation ("Transmeta"), entered into an agreement with Advanced Micro Devices, Inc., a Delaware corporation ("AMD"), providing for AMD to distribute a special version of Transmeta's Efficeon microprocessor on an exclusive basis worldwide. Under the agreement, AMD has the exclusive rights to market, promote and sell the special Efficeon microprocessor product, which has been designed with secured processing capability for Microsoft's recently announced FlexGo technology. FlexGo is a proprietary Microsoft security technology designed to enable end users to use or access certain products, services or functionality for limited periods of time or specific tasks on a variety of business models, including customer services offered on a pre-paid or subscription basis. The agreement also grants to AMD certain limited licenses relating to the special Efficeon microprocessor, including a FlexGo-enabled version of Transmeta's Code Morphing software and the Efficeon trademark. The agreement has an initial term of 36 months and is renewable from year to year in incremental renewal terms of one year thereafter unless otherwise terminated by either Party, with or without cause, upon two months prior notice.

http://www.sec.gov/Archives/edgar/data/1001193/000095013406011152/f21180e8vk.htm