Document:

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                                                                 EXHIBIT 10.13.1

RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:

WELLS FARGO BANK, NATIONAL ASSOCIATION
Real Estate Merchant Banking (AU 2034)
555 Montgomery Street, 16th Floor
San Francisco, CA 94111

Attn:   Robin Dixon
Loan #:  1440

================================================================================

                      MEMORANDUM OF MODIFICATION AGREEMENT
                             AMENDING DEED OF TRUST

The undersigned declare that they have entered into a modification agreement
dated of even date herewith, wherein provision is made for (a) amendment of that
certain deed of trust dated December 22, 2000 and executed by COMMUNICATIONS &
POWER INDUSTRIES HOLDING CORPORATION, a Delaware corporation, as Trustor, to
AMERICAN SECURITIES COMPANY, a corporation, as Trustee, in favor of WELLS FARGO
BANK, NATIONAL ASSOCIATION, as Beneficiary, which was recorded on December 22,
2000, as Document No. 2000-16276, in the Official Records of San Mateo County,
California, and/or (b) amendment of certain obligations secured by that deed of
trust. This instrument is a memorandum of the modification agreement, and the
same is incorporated herein by this reference with the same effect and as though
set forth herein in its entirety.

This Memorandum may be executed in any number of counterparts. All counterparts
shall collectively constitute a single document.

Dated as of: June 1, 2002

                                      "LENDER"

                                      WELLS FARGO BANK,
                                      NATIONAL ASSOCIATION

                                      By:
                                              --------------------------------
                                              Jay Rosenberg
                                      Its:    Vice President

                                      "TRUSTOR/BORROWER"

                                      COMMUNICATIONS & POWER INDUSTRIES
                                      HOLDING CORPORATION,
                                      a Delaware corporation

                                      By:
                                              --------------------------------

                                      Its:
                                              --------------------------------

                      (ALL SIGNATURES MUST BE ACKNOWLEDGED)

                                  Page 1 of 3

<PAGE>

               JUNIOR LIENOR'S CONSENT AND SUBORDINATION AGREEMENT

        NOTICE: THIS JUNIOR LIENOR CONSENT AND SUBORDINATION AGREEMENT RESULTS
        IN YOUR SECURITY INTEREST IN THE PROPERTY REMAINING SUBJECT TO AND OF A
        LOWER PRIORITY THAN THE LIEN OF THE DEED OF TRUST AS MODIFIED BY THE
        FOREGOING MODIFICATION AGREEMENT.

The undersigned ("Junior Lienor"), as owner and holder of a security interest
("Junior Security Interest") evidenced by that certain unrecorded lease dated
December 1, 2000, which is junior, subordinate and subject to the terms,
covenants, conditions and restrictions of the Deed of Trust, as modified by the
foregoing Modification Agreement, hereby acknowledges its consent to the terms
and provisions of the foregoing Modification Agreement and the transactions
contemplated thereby. The undersigned further reaffirms the full force and
effectiveness of that certain Subordination Agreement, dated December 22, 2000,
between the undersigned and Communications and Power Industries Holding
Corporation, a Delaware corporation, and acknowledges that the Junior Security
Interest is junior, subordinate and subject to the Deed of Trust, as modified by
the foregoing Modification Agreement.

        NOTICE: THE LOAN DOCUMENTS MAY CONTAIN A PROVISION WHICH MAY ALLOW THE
        PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO EXPEND A PORTION OF
        THE LOAN FOR OTHER PURPOSES THAN IMPROVEMENT OF THE PROPERTY.

Agreed and Acknowledged:

Dated as of:  June 1, 2002             "JUNIOR LIENOR"

                                       COMMUNICATIONS & POWER INDUSTRIES, INC.,
                                        a Delaware corporation

                                       By:
                                            --------------------------------
                                       Its:
                                             -------------------------------

                      (ALL SIGNATURES MUST BE ACKNOWLEDGED)

                                  Page 2 of 3

<PAGE>
STATE OF CALIFORNIA
COUNTY OF                          SS.
          ------------------------

On this _______ day of _______________ , 20__ , before me, __________________ a
Notary Public in and for the State of California, personally appeared
__________________ personally known to me (or proved on the basis of
satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.

WITNESS my hand and official seal

Signature
         ---------------------------
My commission expires               .
                      --------------

STATE OF CALIFORNIA
COUNTY OF                          SS.
          ------------------------

On this _______ day of _______________ , 20__ , before me, __________________ a
a Notary Public in and for the State of California, personally appeared
__________________ personally known to me (or proved on the basis of
satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.

WITNESS my hand and official seal

Signature
         ---------------------------
My commission expires               .
                      --------------

STATE OF CALIFORNIA
COUNTY OF                          SS.
          ------------------------

On this _______ day of _______________ , 20__ , before me, __________________ a
a Notary Public in and for the State of California, personally appeared
__________________ personally known to me (or proved on the basis of
satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.

WITNESS my hand and official seal

Signature
         ---------------------------
My commission expires               .
                      --------------<PAGE>
                                                                 EXHIBIT 10.14.1

                                                                   Loan No. 1440

              JUNIOR LIENOR'S CONSENT AND SUBORDINATION AGREEMENT

        NOTICE: THIS JUNIOR LIENOR CONSENT AND SUBORDINATION AGREEMENT RESULTS
        IN YOUR SECURITY INTEREST IN THE PROPERTY REMAINING SUBJECT TO AND OF A
        LOWER PRIORITY THAN THE LIEN OF THE DEED OF TRUST AS MODIFIED BY THE
        FOREGOING MODIFICATION AGREEMENT.

The undersigned ("Junior Lienor"), as owner and holder of a security interest
("Junior Security Interest") evidenced by that certain unrecorded Lease, which
is junior, subordinate and subject to the terms, covenants, conditions and
restrictions of the Deed of Trust, as modified by the foregoing Modification
Agreement, hereby acknowledges its consent to the terms and provisions of the
foregoing Modification Agreement and the transactions contemplated thereby. The
undersigned further reaffirms the full force and effectiveness of that certain
Subordination Agreement, dated December 22, 2000, between the undersigned and
Communications & Power Industries Holding Corporation, a Delaware corporation
and acknowledges that the Junior Security Interest is junior, subordinate and
subject to the Deed of Trust, as modified by the foregoing Modification
Agreement.

        NOTICE: THE LOAN DOCUMENTS MAY CONTAIN A PROVISION WHICH MAY ALLOW THE
        PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO EXPEND A PORTION OF
        THE LOAN FOR OTHER PURPOSES THAN IMPROVEMENT OF THE PROPERTY.

Agreed and Acknowledged:

Dated as of:  June 1, 2002              "JUNIOR LIENOR"

                                        COMMUNICATIONS & POWER INDUSTRIES, INC.,
                                        a Delaware corporation

                                        By:
                                             --------------------------------
                                        Its:
                                              -------------------------------<PAGE>

                                                                   EXHIBIT 10.22

                                                                  March 21, 2002

Matthew R. Perry, Ph.D.
Austin, TX

        Re:  Offer of Employment as President and Chief Executive Officer

Dear Dr. Perry:

        Transmeta Corporation ("Transmeta" or the "Company") is very pleased to
offer you a position as President and Chief Executive Officer of the Company,
and as a member of the Company's Board of Directors. On behalf of the Company
and its Board of Directors, I am delighted to welcome you and look forward to
working with you.

        Your position would be full time, with an annual base salary of $330,000
and participation in the Company's executive bonus plan, with a target bonus of
50 percent of your base salary. In addition, you would receive a starting bonus
of $150,000 and certain relocation benefits, including home loan assistance in
an amount up to $1 million.

        You would also be granted an option to purchase up to 2,000,000 shares
of Transmeta common stock at fair market value measured by the market closing
price on your starting date. Your stock option would be fully vested as to
200,000 of those shares, and your stock option as to the other 1.8 million
shares would vest over a four-year period as follows: the first 25 percent of
your option would vest upon your first anniversary with the Company, after which
the remaining 75 percent would vest monthly (at an approximate rate of 2.08
percent per month) over the next three years, unless and until your employment
relationship with the Company should terminate.

        In the event that the Company were to experience a change of control
(including but not limited to an acquisition or merger), and in the further
event that your employment were terminated without cause or otherwise eliminated
as a result of that change of control, your stock option would accelerate such
that you would be entitled to exercise one half of the remaining unvested
portion of your stock option. This stock option is not a promise of compensation
and is not intended to create any employment obligation on the part of the
Company.

        As an employee of Transmeta, you would also be eligible to participate
in several Company-sponsored benefits, including medical, dental, vision, life,
and short-term/long-term disability insurance, a Flexible Spending Plan, and a
401K Plan.

<PAGE>

Matthew R. Perry, Ph.D.
March 21, 2002
Page 2

    This offer contemplates an at-will employment relationship, which can be
terminated by you or by Transmeta for any reason, with or without cause, without
further obligation or liability (except that Transmeta will pay you salary and
related compensation through the last date worked).

    Your employment is also contingent upon (1) your executing the enclosed
Proprietary Information and Inventions Agreement, and (2) your providing the
legally required proof of identity and eligibility to work in the United States.

        To confirm your acceptance of this offer, please sign and date one copy
of this letter and return it to me. Sign and retain the other copy for your
records. This letter, along with the other agreements referred to above, set out
the terms of your employment relationship with Transmeta. This agreement
supersedes any prior representations or agreements between you and Transmeta,
whether written or oral.

        Congratulations on joining Transmeta. We all look forward to working
with you.

                                        Very truly yours,

                                        Hugh Barnes
                                        President & Chief Operating Officer

Accepted By: /s/ Matthew R. Perry                 Date: March 27, 2002
            --------------------------------           -------------------------

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