| A.   | Borrower      and Bank have entered into that certain Loan and Security Agreement dated      as of July 3, 2008 (the “Loan      Agreement”), pursuant to which the Bank has agreed to extend and      make available to Borrower certain advances of  money. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| B.   | Borrower      desires that Bank amend the Loan Agreement upon the terms and conditions      more fully set forth herein. |
|----------------|--------------------------------------------------------------------------------------------------------------------------|

| C.   | Subject      to the representations and warranties of Borrower herein and upon the      terms and conditions set forth in this Amendment, Bank is willing to amend      the Loan Agreement. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.   | Amendments      to Loan Agreement. |
|----------------|------------------------------------|

| 1.1   | Section 13.1      (Definitions).  Subsection (e) of the definition of      Permitted Investments is amended in its entirety and replaced by the      following: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2   | Exhibit E to Loan Agreement      (Compliance Certificate).  Exhibit E (“Compliance      Certificate”) of the Loan Agreement is amended in its entirety by deleting      it and replacing it with Exhibit E      attached hereto. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Borrower’s      Representations And Warranties. |
|----------------|-------------------------------------------------------|

| 2.1   | Borrower      represents and warrants that: |
|-----------------|---------------------------------------------|

| (a)   | immediately      upon giving effect to this Amendment (i) the representations and      warranties contained in the Loan Documents are true, accurate and complete      in all material respects as of the date hereof (except to the extent such      representations and warranties relate to an earlier date, in which case      they are true and correct as of such date), and (ii) no Event of      Default has occurred and iscontinuing; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Borrower      has the corporate power and authority to execute and deliver this      Amendment and to perform its obligations under the Loan Agreement, as      amended by this Amendment; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | the      certificate of incorporation, bylaws and other organizational documents of      Borrower delivered to Bank in connection with the execution of the Loan      Agreement, remain true, accurate and complete and have not been amended,      supplemented or restated and are and continue to be in full force and      effect; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (d)   | the      execution and delivery by Borrower of this Amendment and the performance      by Borrower of its obligations under the Loan Agreement, as amended by      this Amendment, have been duly authorized by all necessary corporate      action on the part of Borrower; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | this      Amendment has been duly executed and delivered by the Borrower and is the      binding obligation of Borrower, enforceable against it in accordance with      its terms, except as such enforceability may be limited by bankruptcy,      insolvency, reorganization, liquidation, moratorium or other similar laws      of general application and equitable principles relating to or affecting      creditors’ rights; and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | as      of the date hereof, it has no defenses against the obligations to pay any      amounts under the Obligations.  Borrower acknowledges that Bank      has acted in good faith and has conducted in a commercially reasonable      manner its relationships with Borrower in connection with this Amendment      and in connection with the LoanDocuments. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2   | Borrower      understands and acknowledges that Bank is entering into this Amendment in      reliance upon, and in partial consideration for, the representations and      warranties in Section 2.1, and agrees that such reliance is reasonable and      appropriate. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Limitation.  The      amendments set forth in this Amendment shall be limited precisely as      written and shall not be deemed (a) to be a waiver or modification of any      other term or condition of the Loan Agreement or of any other instrument      or agreement referred to therein or to prejudice any right or remedy which      Bank may now have or may have in the future under or in connection with      the Loan Agreement or any instrument or agreement referred to therein; or      (b) to be a consent to any future amendment or modification or waiver to      any instrument or agreement the execution and delivery of which is      consented to hereby, or to any waiver of any of the provisions      thereof.  Except as expressly amended hereby, the Loan Agreement      shall continue in full force andeffect. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Effectiveness.  This      Amendment shall become effective upon the satisfaction of all the      following conditions precedent: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1   | Amendment.  Borrower      and Bank shall have duly executed and delivered this Amendment to      Bank. |
|-----------------|------------------------------------------------------------------------------------------------------------------|

| 4.2   | Variance      Fee.  Borrower shall have paid to Bank a variance fee in      the amount of $2,500. |
|-----------------|-------------------------------------------------------------------------------------------------------------|

| 4.3   | Bank      Expenses.  Borrower shall have paid all Bank Expenses      incurred through the date of thisAmendment. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------|

| 5.   | Counterparts.  This      Amendment may be signed in any number of counterparts, and by different      parties hereto in separate counterparts, with the same effect as if the      signatures to each such counterpart were upon a single      instrument.  All counterparts shall be deemed an original of      this Amendment. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Integration.  This      Amendment and any documents executed in connection herewith or pursuant      hereto contain the entire agreement between the parties with respect to      the subject matter hereof and supersede all prior agreements,      understandings, offers and negotiations, oral or written, with respect      thereto and no extrinsic evidence whatsoever may be introduced in any      judicial or arbitration proceeding, if any, involving this Amendment;      except that any financing statements or other agreements or instruments      filed by Bank with respect to Borrower shall remain in full force and      effect. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Governing      Law; Venue.  THIS      AMENDMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN      ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.  Borrower      and Bank each submit to the exclusive jurisdiction of the State and      Federal courts in Santa Clara County,  California. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  Borrower: | MIPS      Technologies, Inc.      |                       |
|-----------------|-----------------------------------|----------------------------|
|            |                              |                       |
|            |  a      Delaware corporation |                       |
|            |                              |                       |   |
|            | By:                               | /s/ MAURY      AUSTIN |   |
|            |  Printed Name:               |  Maury      Austin    |   |
|            |  Title:                      |  CFO                  |   |
|            |                              |                       |   |

| Bank:  | Silicon      Valley Bank |                          |
|--------|--------------------------|-------------------------------|
|   |                     |                          |
|   |                     |                          |   |
|   | By:                      | /s/ NICK      TSIAGKAS   |   |
|   |  Printed Name:      |  Nick      Tsiagkas      |   |
|   |  Title:             |  Relationship    Manager |   |
|   |                     |                          |   |

----

| Please      indicate compliance or qualification status by circling Yes/No under      “Complies” or ”Qualifies” column.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Reporting      Covenants                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Required      by* | Complies |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| Borrowing      Base Certificate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | If any amount is outstanding      under the Revolving Line:30      days after month endOtherwise:5      days prior to borrowing under the Revolving Line | Yes   No |
| A/R      & A/P Agings plus Deferred Revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | With      every Borrowing Base Certificate | Yes   No |
| 10K      (or link thereto)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 5      days after SEC filing or 90 days after FYE | Yes   No |
| 10Q      (or link thereto)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 5      days after SEC filing or 45 days after FQE | Yes   No |
| Compliance      Certificate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | With      every 10K or 10Q report | Yes   No |
| Consolidating      Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | With      every 10K or 10Q report | Yes   No |
| Royalty      Trend Report                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 30      days after FQE | Yes   No |
| Annual      financial projections                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 90      days after FYE or 10 days after Board  approval | Yes   No |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| FYE=Fiscal      Year End     FQE=Fiscal Quarter      End                                                                                     *      If more than one deadline is indicated, the earlier deadline is the      required deadline. |

| Financial      Covenants                                                          | Required                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Actual     | Complies                |
|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|-------------------------|
| Maintain      at the end of each quarter:                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |       |                    |
| Minimum Fixed Charge      Coverage(rolling      two fiscal quarters’ basis) | FQE      09/30/08:                                1.25      to 1.00FQE      12/31/08:                                1.25      to 1.00Following      FQEs:                                1.50      to 1.00                                                                                                                                                                                                                                    | _____:1.00 | Yes   No |
| Maximum      Senior Debt Leverage Ratio                                           | 2.00 to 1.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | _____:1.00 | Yes   No |
| Minimum      Adjusted Quick Ratio                                                 | FQE      09/30/08:                                0.65      to 1.00FQE      12/31/08:                                0.75      to 1.00FQE      03/31/09:                                0.75      to 1.00Following      FQEs:                                1.00      to 1.00 | _____:1.00 | Yes   No |

| Other      Items                               | Required      to Qualify                                           | Actual       | Qualifies               |
|------------------------------------------------|--------------------------------------------------------------------|--------------|-------------------------|
| Increase      in Permitted Investments (e)(ii) | Consolidated      cash + Cash Equivalents at FQE >= $14,000,000 | $___________ | Yes   No |

----

| MIPS      Technologies, Inc.  By:Name:Title:  | BANK      USE ONLY Received      by: ________________________authorized      signerDate:      ____________________________ Verified:      ____________________________authorized      signerDate:           __________________________ Compliance      Status:                               Yes     No |
|--------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| A.     | Aggregate      value of the unrestricted cash and Cash Equivalents of Borrower and its      Subsidiaries (not less than 50% of which are held in the US)  |     $____________       |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|
| B.     | Aggregate      value of the gross accounts receivable of Borrower and its      Subsidiaries                                                                    |     $____________  |
| C.     | Aggregate      value of the Investments with maturities of fewer than 12 months      of      Borrower and it Subsidiaries                                 |     $____________       |
| D.     | Quick      Assets (the sum of lines A through C)                                                                                                               |     $____________       |
|   |                                                                                                                                                           |                                        |

| A.     | Net      Income                                                                                                                                                                                                | $____________ |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
| B.     | To      the extent included in the determination of Net Income                                                                                                                                                 |          |
|   | 1.           Interest      Expense                                                                                                                 | $____________ |
|   | 2.           Consolidated      income taxes                                                                                                        | $____________ |
|   | 3.           Amortization      expense                                                                                                             | $____________ |
|   | 4.           Depreciation      expense                                                                                                             | $____________ |
|   | 5.                 All other non-cash charges (including non-cash stock compensation      expense)                                                 | $____________ |
|   | 6.           Non-cash      charges for amortization of amounts in the Founders Deferral Escrow      Account if constituting employee compensation  | $____________ |
|   | 7.           The      sum of lines 1 through 6                                                                                                     | $____________ |
| C.     | EBITDA      (line A plus line B.7)                                                                                                                                                                             | $____________ |

----

| Fiscal Quarter Ending         | Fixed Charge Coverage  Ratio |
|------------------------------------|------------------------------|
| September      30, 2008            | 1.25:1.00                    |
| December      31, 2008             | 1.25:1.00                    |
| March      31, 2009 and thereafter | 1.50:1.00                    |

| A. | EBITDA      (from Line II.C above)                                                                                                                                                                                                | $____________    |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
| B. | Unfunded      capital expenditures                                                                                                                                                                                                | $____________    |
| C. | Line      A minus Line B                                                                                                                                                                                                          | $____________    |
| D. | Scheduled      payments of principal and interest on all Indebtedness (for the same two      rolling quarters, but excluding the pay-off or pre-payment of Indebtedness      to Jefferies Finance LLC on or before July 3, 2008)  | $____________    |
| E. | Fixed      Charge Coverage Ratio                                                                                                                                                                                                       | _____:1.00  |

| A. | All      Indebtedness (including Advances and Term Loans)  owed to      banks  | $____________                         |
|----|-----------------------------------------------------------------------------------------------|---------------------------------------|
| B. | Capital      lease obligations                                                           | $____________                         |
| C. | Sum      of Line A plus Line B                                                           | $____________                         |
| D. | EBITDA      (line II.C above) annualized                                                 |     $____________ |
| E. | Senior      Debt Leverage Ratio (line C divided by line D)                               | _____:1.00                            |

----

| Fiscal Quarter Ending        | Adjusted Quick Ratio |
|-----------------------------------|----------------------|
| September      30, 2008           | 0.65:1.00            |
| December      31, 2008            | 0.75:1.00            |
| March      31, 2009               | 0.75:1.00            |
| June      30, 2009 and thereafter | 1.00:1.00            |

| A. | Quick      Assets (Line I.D above)                      | $____________ |
|----|--------------------------------------------------------------|---------------|
| B. | Current      Liabilities (as defined in the Agreement)  | $____________ |
| C. | Deferred      Revenue                                   | $____________ |
| D. | Line      B minus line C                                | $____________ |
| E. | Adjusted      Quick Ratio (line A divided by line D)    | _____:1.00    |

----