Document:

Third Amendment to the January 1, 2006 Restatement

 EXHIBIT 10.50 
 MATTEL, INC. 
 PERSONAL INVESTMENT PLAN 

THIRD AMENDMENT TO THE JANUARY 1, 2006 RESTATEMENT 
 WHEREAS, Mattel, Inc. (the “Company”) desires to amend the Plan to reflect recent regulatory and legislative changes required by the Pension Protection Act of 2006, and the Worker, Retiree and
Employer Recovery Act of 2008; 
 NOW THEREFORE, the Plan is hereby amended effective as of January 1, 2008 unless
otherwise specified herein, as follows: 
 1. Section 3.2(b) shall be amended to read as follows: 

“(b) Each Eligible Employee shall be entitled to commence participation in this Plan with respect to Company
Contributions, Before-Tax Contributions, Company Matching Contributions and After-Tax Contributions as of the date he satisfies the eligibility requirements of Section 3.1.” 

2. The first sentence of Section 5.6(b) is amended to read as follows: 

“If in any calendar year a Participant makes Before-Tax Contributions under this Plan and additional elective deferrals, within the
meaning of Code Section 402(g)(3), under any other plan maintained by the Company or an Affiliated Company, and the total amount of the Participant’s elective deferrals under this Plan and all such other plans exceed the Deferral
Limitation, the Company and each Affiliated Company maintaining a plan under which the Participant made any elective deferrals shall notify the affected plans in writing, and corrective distributions of the excess elective deferrals, and any income
allocable to such amount for such Plan Year (and, to the extent required by the Code, income allocable to such amount for the Plan Year in which distributed) shall be made from one or more such plans, to the extent determined by the Company and each
Affiliated Company.” 
 3. Section 6.6(v) shall be amended to read as follows: 

“(v) In the case of a Participant who fails to make an effective election, for any reason whatsoever, as to how all
or any portion of his interest therein shall be invested, the Committee shall prescribe rules which shall require that the Accounts of such Participant be invested in a default fund selected by the Committee for such purpose.” 

4. The table in Section 8.1(e) with regard to the Tyco Plan, the Print-Paks Plan and the Pleasant Plan shall be amended as of the
effective dates in the following table to read as follows: 

					
	 Plan Name/Division Location
	  	Date	  	                             
           Account                            
            
	 Tyco Plan
	  	1/1/98	  	 Tyco Before –Tax Contributions Account
 Tyco Matching Contributions Account

			
	 Print Paks Plan
	  	1/31/99	  	 Print Paks Before-Tax Contributions Account
 Print Paks Matching Contributions Account

			
	 Pleasant Plan
	  	9/30/01	  	Pleasant Plan Matching Contributions Account

 5. Effective January 1, 2009, the following new paragraph shall be added to the end of Section 8.5(a): 
 “Notwithstanding the foregoing, a Participant or Beneficiary who would have been required to receive required minimum distributions for a year as described in this Section 8.5(a) but for the
enactment of Code Section 401(a)(9)(H) (“Waived Distributions”), and who would have satisfied that requirement by receiving such Waived Distributions, will not receive those distributions for any calendar year in which such
distributions are waived pursuant to Code Section 401(a)(9)(H) unless the Participant or Beneficiary chooses to receive such distributions. Participants and Beneficiaries described in the preceding sentence will be given the opportunity to
elect to receive the Waived Distributions. Participants and Beneficiaries may not elect to receive Waived Distributions in a direct rollover as described in Section 8.8.” 

6. Section 8.8(a) is amended to read as follows: 

“(a) To the extent required by Section 401(a)(31) of the Code, a Participant who is eligible to receive payment
of his Distributable Benefit shall be entitled to elect a direct rollover of all or part of his Distributable Benefit to an eligible retirement plan. For purposes of this Section, an “eligible retirement plan” shall mean any plan described
in Code Section 402(c)(8)(B), which, effective for distributions on and after December 31, 2007 shall include a Roth IRA described in Code Section 408A(b), the terms of which permit the acceptance of a direct rollover from a qualified
plan. The portion of a Participant’s Distributable Benefit consisting of after-tax contributions which are not includible in income shall be eligible for a direct rollover in accordance with this Section; provided that, prior to January 1,
2007, such portion may be transferred only to an individual retirement account or annuity described in Section 408(a) or (b) of the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code.
Effective on and after December 31, 2006, the portion of a Participant’s Distributable Benefit consisting of after-tax contributions which are not includible in income shall also be eligible for a direct rollover to a defined benefit plan
described in Section 401(a) or 403(a) of the Code or to an annuity contract described in Code Section 403(b). Notwithstanding the foregoing, a direct rollover of a Participant’s Distributable Benefit consisting of after-tax

  
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contributions which are not includible in income may be made only to an account or plan that agrees to separately account for amounts so transferred, including separately accounting for the
portion of such Distributable Benefit which is includible in gross income and the portion of such Distributable Benefit which is not so includible in gross income.” 
 7. The first sentence of Section 8.8(c) is amended to read as follows: 

“At least thirty (30) days, but not more than ninety (90) days, prior to the date a Participant’s Distributable
Benefit becomes payable, the Participant shall be given written notice of any right he may have to elect a direct rollover of his Distributable Benefit to an eligible retirement plan.” 

8. The subparagraphs of Section 8.8 shall be renumbered to correct the duplicate Section 8.8(d) such that after the first
Section 8.8(d) the remaining Sections shall be numbered 8.8(e), 8.8(f) and 8.8(g) respectively. 
 9. The following new
Section 8.8(h) is added to the Plan effective as of January 1, 2007: 
 “(h) For distributions
after December 31, 2006, a non-spouse beneficiary who is a “designated beneficiary” under Code Section 401(a)(9)(E) and the regulations thereunder may elect a direct rollover, of all or any portion of an eligible rollover
distribution within the meaning of Code Section 402(c)(4) to such non-spouse beneficiary, to an individual retirement account established for this purpose. Any such distribution made prior to January 1, 2010 is not subject to the direct
rollover requirements of Code Section 401(a)(31), including Code Section 401(a)(31)(B), the notice requirements of Code Section 402(f) or the mandatory withholding requirements of Code Section 3405(c). A non-spouse beneficiary
who receives a distribution from the Plan is not eligible for a 60-day rollover.” 
 10. Except as expressly or by
necessary implication amended hereby, the Plan shall continue in full force and effect. 

  
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 IN WITNESS WHEREOF, Mattel, Inc. has caused this instrument to be executed by its duly
authorized officer this 15th day of December, 2009, effective as of the date set forth above. 
  

			
	MATTEL, INC.
		
	By:	 	 /s/ Alan Kaye

	Name:	 	 Alan Kaye

	Title:	 	 SVP Human Resources

  
 4Fourth Amendment to the January 1, 2006 Restatement

 EXHIBIT 10.51 
 MATTEL, INC. 
 PERSONAL INVESTMENT PLAN 

FOURTH AMENDMENT TO THE JANUARY 1, 2006 RESTATEMENT 
 WHEREAS, Mattel, Inc. (the “Company”) desires to amend the Plan to clarify the provisions for correction in the event of a failure of the ACP test and to provide for distributions to military
personnel called to active duty in accordance with the Heroes Earnings Assistance & Relief Act of 2008; 
 NOW
THEREFORE, the Plan is hereby amended effective as of January 1, 2010, or as otherwise specified herein, as follows: 
 1.
Section 6.4(a) shall be deleted in its entirety and replaced with the following: 
  

	 	“6.4	Provision for Return of Excess After-Tax Contributions and Company Matching Contributions on Behalf of Highly Compensated Employees. 

(a) The Committee shall determine, as soon as is reasonably possible following the close of the Plan Year, the extent (if
any) to which After-Tax and Company Matching Contributions on behalf of Highly Compensated Employees may cause the Plan to exceed the limitations of Section 6.3 for such Plan Year. If, pursuant to the determination by the Committee, After-Tax
and Company Matching Contributions on behalf of a Highly Compensated Employee may cause the Plan to exceed such limitations, then the Committee shall take the following steps: 

(i) First, any excess After-Tax Contributions that were not matched by Company Matching Contributions, and any Income
allocable thereto, shall be distributed to the Highly Compensated Employee (after withholding any applicable income taxes on such amounts). 
 (ii) Second, if any excess remains after the provisions of (i) above are applied, to the extent necessary to eliminate the excess, any excess After-Tax Contributions that were matched by Company
Matching Contributions, and any Income allocable thereto, shall be distributed to the Highly Compensated Employee (after withholding any applicable income taxes on such amounts). Any corresponding Company Matching Contributions on such refunded
After-Tax Contributions shall be forfeited. 
 (iii) Third, if any excess remains after the provisions of
(i) and (ii) above are applied, to the extent necessary to eliminate the excess, Company Matching Contributions on behalf of the Highly Compensated Employee, and any Income allocable thereto, shall be forfeited, to the extent forfeitable
under the Plan, or distributed to the Highly Compensated 

 
Employee, to the extent non-forfeitable under the Plan (after withholding any applicable income taxes on such amounts). 

(iv) If administratively feasible, excess After-Tax Contributions and Company Matching Contributions which are
nonforfeitable under the Plan, including any Income allocable thereto, shall be distributed to Highly Compensated Employees, or, to the extent forfeitable, forfeited, within two and one-half (2-1/2) months following the close of the Plan Year for
which the excess Contributions were made, but in any event no later than the end of the first Plan Year following the Plan Year for which the excess Contributions were made, notwithstanding any other provision in this Plan. Amounts of excess Company
Matching Contributions forfeited by Highly Compensated Employees under this Section, including any income allocable thereto, shall be applied, to the maximum extent practicable, to reduce Company Matching Contributions for the Plan Year for which
such excess Contributions were made and thereafter shall be applied as soon as possible to reduce Company Matching Contributions for succeeding Plan Years.” 
 2. The following sentence shall be added to the end of Section 8.3(a) effective as of January 1, 2007: 
 “A Participant who dies on or after January 1, 2007 while performing qualified military service, as defined in Code Section 414(u), shall be deemed to have died during his employment for
purposes of this subparagraph.” 
 3. The following phrase shall be added to the beginning of the first sentence in
Section 8.6(d): 
 “Except as otherwise provided in Section 8.6(j) or (k) below,” 

4. The following new Sections 8.6(j) and 8.6(k) shall be added to the Plan: 

“(j) Notwithstanding the foregoing, during any period the Participant is performing service in
the uniformed services described in Code Section 3401(h)(2)(A), such Participant shall be eligible to elect to receive a withdrawal from the Participant’s Before-Tax Contributions Account prior to attaining age 59 1/2. Such distribution shall be limited to the amount credited to the
Participant’s Before-Tax Contributions Account minus any earnings credited to such account after December 31, 1988. If a Participant elects to receive a distribution in accordance with this subparagraph, the Participant may not make
Before-Tax Contributions or After-Tax Contributions during the 6-month period beginning on the date of distribution. 
 (k) Notwithstanding the foregoing, effective on and after January 1, 2011, pursuant to Code Section 401(k)(2)(B)(i)(V), an individual who is a member

  
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of a reserve component who is called to active duty either for a period in excess of 179 days or for an indefinite period of time may elect to receive a “qualified reservist
distribution” as defined in Code Section 72(t)(2)(G)(iii) which distribution shall not be subject to the otherwise applicable 10-percent excise tax of Code Section 72(t)(1) on early distributions.” 

5. Except as expressly or by necessary implication amended hereby, the Plan shall continue in full force and effect. 

IN WITNESS WHEREOF, Mattel, Inc. has caused this instrument to be executed by its duly authorized officer this 20th day of December,
2010, effective as of the date set forth above. 
  

			
	MATTEL, INC.
		
	 By:
	 	 /s/ Alan Kaye

	 Name:
	 	 Alan Kaye

	 Title:
	 	 SVP Human Resources

  
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