Item 1.02. Termination of a Material Definitive Agreement.
By letter dated January 13, 2009, Altera Corporation ("Altera") notified Arrow
Electronics Inc. ("Arrow") that effective January 20, 2009, Altera is
terminating the Inventory Advances Arrangement Letter Agreement dated
October 15, 2004 between Altera and Arrow (the "Agreement"). The Agreement was
filed as Exhibit 10.35 to Altera's Annual Report on Form 10-K filed March 11,
2005. Pursuant to the Agreement, Altera made certain non-interest bearing cash
advances to Arrow, its distributor. The Agreement was terminated as the original
purpose is no longer relevant. Arrow continues to be Altera's distributor.
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