EXHIBIT 10.2

AMENDMENT NO. 3 TO

FIRST AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

This Amendment No. 3 to First Amended and Restated Receivables Purchase
Agreement (this “Amendment”) dated as of March 23, 2009 is made by and among
MATTEL FACTORING, INC., a Delaware corporation, as transferor (the
“Transferor”), MATTEL, INC., a Delaware corporation (“Mattel”), as servicer (the
“Servicer”), THE FINANCIAL INSTITUTIONS SIGNATORY HERETO as purchasers (together
with any successors and assigns, the “Purchasers”), and BANK OF AMERICA, N.A., a
national banking association, as agent for the Purchasers (in such capacity,
together with any successors and assigns, the “Administrative Agent”).
Capitalized terms used herein and not defined herein shall have the meanings
assigned to such terms in the Receivables Purchase Agreement (as defined below).

W I T N E S S E T H:

WHEREAS, the Transferor, the Servicer, the Purchasers and the Administrative
Agent entered into that certain First Amended and Restated Receivables Purchase
Agreement dated as of March 20, 2002, as amended by Amendment No. 1 to First
Amended and Restated Receivables Purchase Agreement dated as of March 19, 2004
and Amendment No. 2 to First Amended and Restated Receivables Purchase Agreement
dated as of Mach 23, 2005 (as the same has been and may be further amended,
restated, amended and restated, modified or supplemented from time to time, the
“Receivables Purchase Agreement”); and

WHEREAS, the Transferor, the Servicer, the Purchasers and the Administrative
Agent desire to and have agreed to amend the Receivables Purchase Agreement, in
order to, among other things, extend the Facility Termination Date, and to make
certain other amendments on the terms and conditions set forth herein, and the
Administrative Agent and Purchasers are agreeable to such amendments, subject to
the terms and conditions contained in this Amendment;

NOW, THEREFORE, in consideration of the premises and further valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

Section 1. Amendments to Receivables Purchase Agreement. Subject to the terms
and conditions set forth herein, the Receivables Purchase Agreement, including
all exhibits thereto, is hereby amended such that, after giving effect to all
such amendments, it shall read in its entirety as attached hereto as Exhibit A.

Section 2. Effectiveness; Conditions Precedent. The effectiveness of this
Amendment and the amendments to the Receivables Purchase Agreement herein
provided are subject to the satisfaction of the following conditions precedent:

(a) the Administrative Agent shall have received each of the following
documents, instruments or deliverables in form and substance reasonably
acceptable to the Administrative Agent:

(i) four (4) original counterparts of this Amendment, duly executed by each of
the Transferor, the Servicer, the Purchasers and the Administrative Agent,
together with all schedules and exhibits thereto duly completed;

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(ii) resolutions of the Board of Directors of the Transferor and the Servicer
authorizing the transactions contemplated hereby, certified by the Secretary or
Assistant Secretary of the Transferor and the Servicer, respectively;

(iii) a favorable opinion of a Senior Counsel of the Servicer and Latham &
Watkins LLP, as counsel to the Transferor and Servicer, relating to the
Transferor and Servicer and as to such other matters as the Administrative Agent
and the Purchasers may reasonably request; and

(iv) such other documents, instruments, opinions, certifications, undertakings,
further assurances and other matters as the Administrative Agent shall
reasonably request; and

(b) all actual and reasonable fees and expenses payable to the Administrative
Agent (including the actual and reasonable fees and expenses of counsel to the
Administrative Agent) estimated to date shall have been paid in full (without
prejudice to final settling of accounts for such fees and expenses).

Upon the satisfaction of the conditions precedent set forth in this Section 2,
the effectiveness of this Amendment and the effectiveness of the Mattel Credit
Agreement (as defined in Exhibit A) shall be deemed to occur simultaneously,
such that the Purchasers party hereto shall be deemed to be “Purchasers” party
to the Receivables Purchase Agreement (as amended hereby).

Section 3. Representations and Warranties. In order to induce the Administrative
Agent and the Purchasers to enter into this Amendment, the Transferor and the
Servicer represent and warrant to the Administrative Agent and the Purchasers as
follows:

(a) The representations and warranties made by each Seller Party in Section 5 of
the Receivables Purchase Agreement and in each of the other Transaction
Documents to which such Seller Party is a party are true and correct on and as
of the date hereof, except to the extent that such representations and
warranties expressly relate to an earlier date;

(b) This Amendment has been duly authorized, executed and delivered by the
Transferor and the Seller and constitutes a legal, valid and binding obligation
of such parties, except as may be limited by general principles of equity or by
the effect of any applicable bankruptcy, insolvency, reorganization, moratorium
or similar law affecting creditors’ rights generally; and

(c) No Termination Event has occurred and is continuing.

Section 4. Entire Agreement. This Amendment, together with all the Transaction
Documents (collectively, the “Relevant Documents”), sets forth the entire
understanding and

 

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agreement of the parties hereto in relation to the subject matter hereof and
supersedes any prior negotiations and agreements among the parties relating to
such subject matter. No promise, condition, representation or warranty, express
or implied, not set forth in the Relevant Documents shall bind any party hereto,
and no such party has relied on any such promise, condition, representation or
warranty. Each of the parties hereto acknowledges that, except as otherwise
expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other. None
of the terms or conditions of this Amendment may be changed, modified, waived or
canceled orally or otherwise, except in writing and in accordance with
Section 10.01 of the Receivables Purchase Agreement.

Section 5. Full Force and Effect of Agreement. Except as hereby specifically
amended, modified or supplemented, the Receivables Purchase Agreement and all
other Transaction Documents are hereby confirmed and ratified in all respects
and shall be and remain in full force and effect according to their respective
terms.

Section 6. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original as against any party
whose signature appears thereon, and all of which shall together constitute one
and the same instrument.

Section 7. Governing Law. THIS AMENDMENT SHALL IN ALL RESPECTS BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE
TO CONTRACTS EXECUTED AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, AND SHALL
BE FURTHER SUBJECT TO THE PROVISIONS OF SECTION 10.13 OF THE RECEIVABLES
PURCHASE AGREEMENT.

Section 8. Enforceability. Should any one or more of the provisions of this
Amendment be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and
binding on the parties hereto.

Section 9. References. All references in any of the Transaction Documents to the
“Receivables Purchase Agreement” or in the Receivables Purchase Agreement to
“this Agreement” shall mean the Receivables Purchase Agreement, as amended
hereby.

Section 10. Successors and Assigns. This Amendment shall be binding upon and
inure to the benefit of the Transferor, the Servicer, each of the Purchasers,
the Administrative Agent, the Syndication Agents and the Documentation Agents,
and their respective successors, legal representatives, and assignees to the
extent such assignees are permitted assignees as provided in the Receivables
Purchase Agreement.

[Signature pages follow.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made,
executed and delivered by their duly authorized officers as of the day and year
first above written.

 

TRANSFEROR:

MATTEL FACTORING, INC.

By:

 

/s/ Dianne Douglas

Name:

 

Dianne Douglas

Title:

 

SVP and Treasurer

SERVICER:

MATTEL, INC.

By:

 

/s/ Dianne Douglas

Name:

 

Dianne Douglas

Title:

 

SVP and Treasurer

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A., as

Administrative Agent

By:

 

/s/ Liliana Claar

Name:

  Liliana Claar

Title:

  Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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BANK OF AMERICA, N.A., as a Purchaser

By:

 

/s/ J. Casey Cosgrove

Name:

 

J. Casey Cosgrove

Title:

 

Vice President

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THE ROYAL BANK OF SCOTLAND PLC, as a Purchaser

By:

 

/s/ William McGinty

Name:

 

William McGinty

Title:

 

Senior Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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WELLS FARGO BANK, N.A., as a Purchaser

By:

 

/s/ Julius Young

Name:  

Julius Young

Title:  

Senior Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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SOCIÉTÉ GÉNÉRALE, as a Purchaser

By:

 

/s/ Nigel Elvey

Name:

 

Nigel Elvey

Title:

 

Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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CITICORP USA, INC., as a Purchaser

By:

 

/s/ Henry H. Schwake

Name:

 

Henry H. Schwake

Title:

 

Managing Director

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

 

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MIZUHO CORPORATE BANK, LTD., as a Purchaser

By:

 

/s/ Raymond Ventura

Name:

 

Raymond Ventura

Title:

 

Deputy General Manager

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

 

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MANUFACTURERS & TRADERS TRUST COMPANY, as a Purchaser

By:

 

/s/ Penelope J. Beckwith

Name:

 

Penelope J. Beckwith

Title:

 

Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

 

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UNION BANK, N.A., as a Purchaser

By:

 

/s/ Peter Thompson

Name:

 

Peter Thompson

Title:

 

Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

 

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KEYBANK NATIONAL ASSOCIATION, as a Purchaser

By:

 

/s/ Marianne T. Meil

Name:

 

Marianne T. Meil

Title:

 

Senior Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

 

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THE BANK OF NOVA SCOTIA, as a Purchaser

By:

 

/s/ Annabella Guo

Name:

 

Annabella Guo

Title:

 

Director

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

 

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U.S. BANK NATIONAL ASSOCIATION, as a Purchaser

By:

 

/s/ Conan Schleicher

Name:

 

Conan Schleicher

Title:

 

Vice President

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COMERICA BANK, as a Purchaser

By:

 

/s/ Fatima Arshad

Name:

 

Fatima Arshad

Title:

 

Assistant Vice President

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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FIRST COMMERCIAL BANK, LOS

ANGELES BRANCH, as a Purchaser

By:

 

/s/ Wen-Han Wu

Name:

 

Wen-Han Wu

Title:

 

Deputy General Manager

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page

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THE BANK OF EAST ASIA, LIMITED, LOS

ANGELES BRANCH, as a Purchaser

By:

 

/s/ Simon Keung

Name:

 

Simon Keung

Title:

 

EVP & CFO

By:

 

/s/ David Loh

Name:

 

David Loh

Title:

 

Chief Lending Officer

Amendment No. 3 to First Amended and Restated Receivables Purchase Agreement

Signature Page