EXHIBIT 4.7

AMENDMENT No. 2
TORIGHTS AGREEMENT

This AMENDMENT No. 2 TO RIGHTS AGREEMENT (the "Amendment") is entered into
as of the 14th day of July, 2008, between Mattson Technology, Inc., a Delaware corporation (the "Company"), and Mellon Investor
Services, LLC, a New Jersey limited liability company, as rights agent (the "Rights Agent").  Capitalized terms not defined herein
shall have the meanings given them in the Rights Agreements (as defined below).

RECITALS

A.	Pursuant to that certain Rights Agreement dated as of July 28, 2005, (the "Rights
Agreement"), the Board of Directors of the Company (i) authorized the issuance and declared a dividend of one right (a
"Right") for each share of the common stock, par value $0.001 per share, of the Company outstanding as of the close of business
on August 15, 2005 (the "Record Date"), each Right representing the right to purchase one one-thousandth of a share of
Series A Preferred Stock of the Company, having the rights, powers and preferences as set forth in a Certificate of Designation filed
with the Delaware Secretary of State and made a part of the Company's Certificate of Incorporation, upon the terms and subject to the
conditions set forth in the Rights Agreement, and (ii) further authorized the issuance of one Right with respect to each share of
common stock of the Company that shall become outstanding between the Record Date, and the Distribution Date.

B.	Pursuant to Section 27 of the Rights Agreement, the Company and the Rights Agent may, so long as the
Rights are then redeemable, amend any provision of the Rights Agreement, as determined by the Company in its sole discretion.

C.	To the knowledge of the Board of Directors of the Company, there has been no occurrence of a Flip-In Event,
nor has the Expiration Date occurred, and accordingly the Rights are currently redeemable pursuant to Section 23 of the Rights
Agreement.

D.	The Board of Directors of the Company has previously approved an Amendment No. 1 to the Rights
Agreement, which was approved on or around June 21, 2006.

E.	The Board of Directors of the Company has determined that it is in the best interest of the Company and its
stockholders to further amend the Rights Agreement as set forth herein.

F.	The Company has requested that the Rights Agreement be amended in accordance with Section 27 of
the Rights Agreement, as set forth herein, and the Rights Agent is willing to amend the Rights Agreement as set forth herein.

AGREEMENT

NOW, THEREFORE, the parties, intending to be legally bound, hereby agree as follows:

Section 1(a) of the Rights Agreement is hereby amended to read in its entirety as follows:

"Acquiring Person" shall mean any Person (as such term is hereinafter defined) who or which, together
with all Affiliates (as such term is hereinafter defined) and Associates (as such term is hereinafter defined) of such Person shall be the
Beneficial Owner (as such term is hereinafter defined) of fifteen percent (15%) or more of the outstanding Common Stock of the Company,
without the prior approval of the Company's Board of Directors; provided, however, that in no event shall a Person who or
which, together with all Affiliates and Associates of such Person, is the Beneficial Owner of less than 15% of the Company's outstanding
Common Stock, become an Acquiring Person solely as a result of a reduction of the number of shares of outstanding Common Stock,
including repurchases of outstanding shares of Common Stock by the Company, which reduction increases the percentage of outstanding
shares of Common Stock beneficially owned by such Person, provided, further, that if a Person shall become the Beneficial
Owner of 15% or more of the Company's outstanding Common Stock then outstanding solely by reason of a reduction of the number of
shares of outstanding Common Stock, and shall thereafter become the Beneficial Owner of any additional shares of Common Stock of the
Company, then such Person shall be deemed to be an Acquiring Person unless upon the consummation of the acquisition of such additional
shares of Common Stock such person does not own 15% or more of the shares of Common Stock then outstanding.  An Acquiring Person
shall not include an Exempt Person (as such term is hereinafter defined) or a Grandfathered Person (as such term is hereinafter defined);
provided further that a Grandfathered Person shall become an Acquiring Person if, (i) without the prior approval of
the Board of Directors, the Grandfathered Person becomes the Beneficial Owner of more than 20% of the Company's outstanding Common
Stock; but (ii) the Grandfathered Person shall not become an Acquiring Person solely by reason of a reduction of the number of shares of
outstanding Common Stock.  Notwithstanding the foregoing, if (i) either (X) the Board of Directors of the Company determines in
good faith that a Person who would otherwise be an Acquiring Person, as defined pursuant to the foregoing provisions of this
paragraph (a), has become such inadvertently (including, without limitation, because (A) such Person was unaware that it
beneficially owned a percentage of Common Stock that would otherwise cause such Person to be an

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Acquiring Person or (B) such
Person was aware of the extent of its Beneficial Ownership but had no actual knowledge of the consequences of such Beneficial Ownership
under this Rights Agreement) and without any intention of changing or influencing control of the Company, or (Y) within two Business
Days of being requested by the Company to advise the Company regarding same, such Person certifies in writing that such Person acquired
Beneficial Ownership of 15% or more of the Company's outstanding Common Stock (or, in the case of a Grandfathered Person, more than
20% of the Company's outstanding Common Stock) inadvertently or without knowledge of the terms of the Rights, and (ii) such Person
divests as promptly as practicable a sufficient number of shares of Common Stock so that such Person would no longer be an
"Acquiring Person," as defined pursuant to the foregoing provisions of this paragraph (a), then such Person shall not be
deemed to be or to have become an "Acquiring Person" for any purposes of this Rights Agreement.

Section 1(v) of the Rights Agreement is hereby amended to read in its entirety as follows:

"Grandfathered Person" shall mean NWQ Investment Management Company, LLC ("NWQ")
together with any Affiliate or Associate of NWQ whose Beneficial Ownership of the Company's Common Stock is required to be attributed to
NWQ under Section 13 of the Securities Exchange Act pursuant to Rules 13d-3 and 13d-5 and SEC interpretative releases thereunder,
including SEC Release No. 34-39538 (the "Attributed NWQ Persons").  For the elimination of doubt, and any provisions in
the definitions of Acquiring Person and of Beneficial Owner to the contrary notwithstanding, (i) in determining which shares of the
Company's Common Stock are Beneficially Owned by the Grandfathered Person, any Affiliates or Associates of NWQ which are not
Attributed NWQ Persons will be disregarded and excluded from the calculation, and Beneficial Ownership of Common Stock by such
excluded Persons will not be attributed to the Grandfathered Person and (ii) in determining which shares of the Company's Common
Stock are Beneficially Owned by any Affiliates or Associates of NWQ which are not Attributed NWQ Persons, the Grandfathered Person (that
is, NWQ together with the Attributed NWQ Persons) will be disregarded and excluded from the calculation, and Beneficial Ownership of
Common Stock by the Grandfathered Person will not be attributed to any Affiliate or Associate of NWQ which is not an Attributed NWQ
Person.  NWQ (together with the Attributed NWQ Persons) shall be and remain a Grandfathered Person whether or not it ceases to
Beneficially Own in excess of 15% of the Company's Common Stock.

This Amendment shall be deemed effective as of February 13, 2008, the date of approval by the Board of
Directors of the Company, as if executed by both parties on such date.  Except as amended hereby, the Rights Agreement shall remain
unchanged and shall remain in full force and effect.

This Amendment may be executed in any number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed, as of the date
and year first above written.

| | MATTSON TECHNOLOGY, INC.

By: ____________________
Name:  Andy Moring
Title: Executive Vice President - Finance and Chief Financial Officer
| | -------------------------------------------------------------------------------------------------------------------------------------------
| | MELLON INVESTOR SERVICES, LLC
As Rights Agent

By: ____________________
Name:
Title:                                                       

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