0001047469-04-028192 Sample Contracts

DIRECTOR'S STOCK OPTION AGREEMENT (Initial Grant) under the MIPS TECHNOLOGIES, INC. DIRECTORS' STOCK OPTION PLAN
S Stock Option Agreement • September 8th, 2004 • Mips Technologies Inc • Semiconductors & related devices • Delaware

MIPS Technologies, Inc., a Delaware corporation (the "Company"), has granted to (the "Optionee"), as of (the "Grant Date"), an option (the "Option") to purchase a total of 40,000 shares of the Company's Common Stock ("Common Stock"), at the price determined as provided herein, and in all respects subject to the terms, definitions and provisions of the Company's Directors' Stock Option Plan (the "Plan") which is incorporated herein by reference. The terms defined in the Plan shall have the same defined meanings herein. In the event of any conflict between the terms and conditions of the Plan and the terms and conditions of this Director's Stock Option Agreement, the terms and conditions of the Plan shall prevail.

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STOCK OPTION AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLAN
Director Agreement Stock Option Agreement • September 8th, 2004 • Mips Technologies Inc • Semiconductors & related devices • Delaware

This Stock Option Agreement (the "Option Agreement") together with the accompanying Notice of Stock Option Grant (the "Notice") which is incorporated herein by reference, constitutes the Award Document pursuant to which the Administrator of the MIPS Technologies, Inc. 1998 Long-Term Incentive Plan (the "Plan") has granted to the Optionee named in the attached Notice an option (the "Option") to purchase the total number of shares of Common Stock as set forth in the Notice at the exercise price per share set forth in the Notice, subject to the terms and conditions of the Plan, which is incorporated herein by this reference and the Award Document. Terms defined in the Plan but not in the Award Document shall have the meanings set forth in the Plan. In the event of any conflict between the terms and conditions of the Plan and the terms and conditions of the Award Document, the terms and conditions of the Plan (including, but not limited to, Section 16) shall prevail. Any dispute regarding

STOCK OPTION AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLAN
Officer Agreement Stock Option Agreement • September 8th, 2004 • Mips Technologies Inc • Semiconductors & related devices • Delaware

This Stock Option Agreement (the "Option Agreement") together with the accompanying Notice of Stock Option Grant (the "Notice") which is incorporated herein by reference, constitutes the Award Document pursuant to which the Administrator of the MIPS Technologies, Inc. 1998 Long-Term Incentive Plan (the "Plan") has granted to the Optionee named in the attached Notice an option (the "Option") to purchase the total number of shares of Common Stock as set forth in the Notice at the exercise price per share set forth in the Notice, subject to the terms and conditions of the Plan, which is incorporated herein by this reference, and the Award Document. Terms defined in the Plan but not in the Award Document shall have the meanings set forth in the Plan. In the event of any conflict between the terms and conditions of the Plan and the terms and conditions of the Award Document, the terms and conditions of the Plan (including, but not limited to, Section 16) shall prevail. Any dispute regarding

STOCK OPTION AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLAN
Employee Agreement Stock Option Agreement • September 8th, 2004 • Mips Technologies Inc • Semiconductors & related devices • Delaware

This Stock Option Agreement (the "Option Agreement") together with the accompanying Notice of Stock Option Grant (the "Notice") which is incorporated herein by reference, constitutes the Award Document pursuant to which the Administrator of the MIPS Technologies, Inc. 1998 Long-Term Incentive Plan (the "Plan") has granted to the Optionee named in the attached Notice an option (the "Option") to purchase the total number of shares of Common Stock as set forth in the Notice at the exercise price per share set forth in the Notice, subject to the terms and conditions of the Plan, which is incorporated herein by this reference, and the Award Document. Terms defined in the Plan but not in the Award Document shall have the meanings set forth in the Plan. In the event of any conflict between the terms and conditions of the Plan and the terms and conditions of the Award Document, the terms and conditions of the Plan (including, but not limited to, Section 16) shall prevail. Any dispute regarding

RESTRICTED STOCK PURCHASE AGREEMENT under the MIPS TECHNOLOGIES, INC. 1998 LONG-TERM INCENTIVE PLAN
Restricted Stock Purchase Agreement • September 8th, 2004 • Mips Technologies Inc • Semiconductors & related devices • Delaware

This Restricted Stock Purchase Agreement (this "Agreement") constitutes the Award Document pursuant to which MIPS Technologies, Inc., a Delaware corporation (the "Company"), has awarded to [Insert Name] ("Purchaser") the right to purchase [Insert #] shares of the Company's Common Stock subject to the terms, definitions and provisions of the Company's 1998 Long-Term Incentive Plan (the "Plan"), which is incorporated herein by reference, and this Agreement (the "Award"). The terms defined in the Plan but not in this Agreement shall have the meanings set forth in the Plan.

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