**Exhibit 10.29****CONSULTING AGREEMENT**     This Consulting Agreement (the “Agreement”) is entered into as of October 31, 2006, by andbetween Lester M. Crudele (“Crudele” or the “Consultant”) and Transmeta Corporation, a Delawarecorporation (“Transmeta” or the “Company”) (each a “Party” and, collectively, the “Parties”).**RECITALS**     WHEREAS, Crudele has substantial professional experience in the evaluation and planning ofprojects to develop advanced computing technologies, and has served as a member of the Company’sBoard of Directors since June 2005; and     WHEREAS, the Company now desires to engage the services of Crudele as a consultant, andCrudele is willing to render, and to hold himself available to render, consulting services to theCompany upon the terms and conditions herein set forth.**AGREEMENT**     NOW, THEREFORE, in consideration of the mutual promises set forth herein and other good andvaluable consideration, the receipt and sufficiency of which are hereby acknowledged, the Partiesagree as follows:     **1. Services.**For the term of this Agreement, Crudele shall serve as a consultant to theCompany, and shall be available to perform, and shall perform, for the Company consulting servicesrelating to the evaluation of business opportunities and the planning of potential projects todevelop advanced computing technologies as reasonably requested by the Company’s President andChief Executive Officer. Crudele shall personally perform all of the consulting services providedfor in this Agreement. For the sake of clarity, this Agreement shall not govern any of theservices provided by Crudele as a member of the Company’s Board of Directors or any committee ofthe Company’s Board of Directors.     **2. Compensation.**In consideration for Crudele’ performance of operational consultingservices described in paragraph 1, the Company shall pay Crudele a consulting fee of $2,500 perday, beginning immediately. Consultant shall maintain and submit to the Company periodicstatements for his consulting services rendered. The Company will pay such statements on a monthlybasis. Notwithstanding any other provision of this Agreement, however, the aggregate amount of theCompany’s payments to Consultant for consulting services rendered shall not exceed $59,999 duringany period of twelve (12) consecutive months commencing with the first date of this Agreement. TheCompany acknowledges that such payments shall be in addition to, and independent of, any retaineror other payments that Crudele receives for his service as a non-employee member of the Company’sBoard of Directors or any committee of the Company’s Board of Directors.
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     **3. Expenses.**The Company shall reimburse Consultant for his reasonable expenses inaccordance with the Company’s policies. Consultant shall keep and submit to the Company records ofsuch expenses.     **4. Term and Termination.**This Agreement shall terminate as of January 31, 2007 unlessextended by the Parties. Either Party may terminate this Agreement at any time for any reason,and, upon such termination, neither Party shall have any obligations hereunder to the other exceptfor payment for services previously rendered or expenses previously incurred.     **5. Relationship of the Parties.**Crudele’s consulting relationship to the Company will bethat of an independent contractor. Nothing in this Agreement is intended or shall be construed toconstitute Crudele as, and Crudele acknowledges that he is not, an employee of the Company.Crudele acknowledges that his performance of consulting services pursuant to this Agreement willnot entitle him to receive any vacation payments, or to participate in any of the Company’semployee benefits plans, arrangements, or distributions relating to any bonus, stock option,insurance or similar benefits provided for the Company’s employees. Crudele further acknowledgesthat he is, and continues to be bound by his obligations as, a non-employee member of the Company’sBoard of Directors.     **6. Indemnification.**If Crudele is made a party to, or is threatened to be made a party to,or is involved in any action, suit or proceeding, whether civil, criminal, administrative orinvestigative, by reason of the fact that he provided services under this Agreement, then Crudeleshall be indemnified and held harmless by the Company, to the fullest extent permitted byapplicable law, against all expenses, liability and loss (including attorneys’ fees, judgments,fines, excise taxes and penalties and amounts paid or to be paid in settlement) reasonably incurredor suffered by Crudele in connection therewith; provided, that Crudele shall not be so indemnifiedor held harmless in any action, suit or proceeding brought by the Company against Crudele or, withrespect to a criminal action or proceeding, if Crudele had a reasonable cause to believe that hisconduct in question was unlawful.     **7. Governing Law.**This Agreement shall be construed in accordance with the laws of the Stateof California, without giving effect to the principles of conflict of laws..   **CONSULTANT** **TRANSMETA CORPORATION**   /s/ LESTER M. CRUDELE /s/ ARTHUR L. SWIFT   Lester M. Crudele By Arthur L. Swift,  President and Chief Executive Officer
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