Document:

HPIP Remedial Amendment to the January 1, 2006 Restatement

 Exhibit 10.48 
 MATTEL, INC. 
 HOURLY EMPLOYEE PERSONAL INVESTMENT PLAN

 REMEDIAL AMENDMENT TO THE JANUARY 1, 2006 RESTATEMENT 
 WHEREAS, Mattel, Inc. (the “Company”) sponsors the Mattel, Inc. Hourly Employee Personal Investment Plan; and 
 WHEREAS the Company currently has pending an application for a determination from the Internal Revenue Service that the Plan is qualified
under Section 401(a) of the Code and the Internal Revenue Service has requested certain remedial amendments to the Plan in connection with its review of the application and as a condition for the issuance of a favorable determination with
respect to the continued qualified status of the Plan; and 
 WHEREAS the Company intends to preserve the qualified status of
the Plan, and this Amendment sets forth the remedial amendments request by the Internal Revenue Service; and 
 WHEREAS, in
Section 16.1of the Plan, the Company reserved the right to amend the Plan at any time in whole or in part; 
 NOW
THEREFORE, to effect the foregoing, the Company does hereby declare that the Plan be, and hereby is, amended effective as of January 1, 2008, unless otherwise specified herein, as follows: 
 1. The following sentence is added to the end of Section 2.15(b): 
 “Effective for Plan Years beginning on and after January 1, 2008, Compensation for purposes of Article XIV of the
Plan shall include Compensation paid after the date of the Employee’s severance from employment with the Company, provided such Compensation is paid by the later of (i) 2-1/2 months after the date of the Employee’s severance from
employment, or (ii) the last day of the Plan Year that includes such date of severance from employment, to the extent required by Treasury Regulation Section 1.415(c)-2(e)(3).” 
 2. The following new Section 5.4(i) shall be added to the Plan to read as follows: 
 “(i) If on account of administrative error or otherwise any limitation of this Section 5.4 may be exceeded, the
Committee shall cause to be taken such of the actions permitted by Section 5.5 and Section 5.6 as, and to the extent, it determines necessary so that the limitation shall be satisfied, which actions shall not include the contribution of
qualified non-elective contributions.” 

 3. The following new Section 6.3(h) shall be added to the Plan to read as follows:

 “(h) If on account of administrative error or otherwise any limitation of this Section 6.3 may be
exceeded, the Committee shall cause to be taken such of the actions permitted by Section 6.4 as, and to the extent, it determines necessary so that the limitation shall be satisfied, which actions shall not include the contribution of qualified
non-elective contributions.” 
 4. Section 14.5 of the Plan shall be deleted in its entirety and replaced with the
following: 
 “14.5 Disposition of Excess Amounts. 
 Effective for Plan Years beginning before July 1, 2007, in the event the Annual Addition with respect to a Participant
for a Limitation Year exceeds the limitation provided in Section 14.1, after application of the provisions of Section 14.4, as a result of the allocation of forfeitures, a reasonable error in estimating a Participant’s annual
compensation, or a reasonable error in determining the amount of elective deferrals under Code Section 402(g)(3), any excess amounts contributed by a Participating Company on behalf of such Participant for any Plan Year (other than Before-Tax
Contributions) shall be held unallocated in a suspense account for the Plan Year and applied, to the extent possible, first to reduce the Participating Company contributions for the Plan Year, and next, to reduce the Participating Company
contributions for the succeeding Plan Year, or Years, if necessary. No investment gains or losses shall be allocated to a suspense account.” 
 5. Effective as of January 1, 2002, the last sentence of the tenth paragraph of Section 17.2 shall be amended to read as follows: 
 “In the case of a distribution made for a reason other than severance from employment, death or disability, this paragraph shall be
applied by substituting “five year period” for “one year period.” 
  

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 IN WITNESS WHEREOF, Mattel, Inc. has caused this instrument to be
executed by its duly authorized officer this 22nd day of
May, 2009, effective as of the dates set forth above. 
  

			
	MATTEL, INC.
		
	By:	 	/s/    Alan Kaye        
		
	Name:	 	Alan Kaye
		
	Title:	 	SVP Human Resources

  

 3HPIP Second Amendment to the January 1, 2006 Restatement

 Exhibit 10.49 
 MATTEL, INC. 
 HOURLY EMPLOYEE PERSONAL INVESTMENT PLAN

 SECOND AMENDMENT TO THE JANUARY 1, 2006 RESTATEMENT 
 WHEREAS, Mattel, Inc. (the “Company”) desires to amend the Plan to clarify the provisions of the automatic enrollment feature;

 NOW THEREFORE, the Plan is hereby amended effective as of January 1, 2008, as follows: 
 1. Section 5.1(b) is amended and a new Section 5.1(c) and a new Section 5.1(d) are added to read as follows: 
 “(b) Except as provided in Section 5.1(d), a Participant who is first hired, or newly rehired on or after
January 1, 2008 who has not elected to have Compensation reduced in accordance with Section 5.1(a) shall be deemed to have elected under Section 5.1(a) to have Compensation reduced by two percent (2%) beginning as soon as
administratively practicable following the date the Eligible Employee becomes a Participant. Effective for Plan Years beginning on and after January 1, 2008, except as provided in Section 5.1(d), a Participant who was not first hired or
newly rehired during such Plan Year and who has not elected to have Compensation reduced in accordance with Section 5.1(a) shall be deemed to have elected under Section 5.1(a) to have Compensation reduced by two percent (2%) beginning
as soon as administratively practicable on or following April 1 of such Plan Year. Each affected Participant may elect at any time, in accordance with procedures established by the Committee or its designee, not to have Compensation so reduced,
or to have Compensation reduced by a different percentage allowed under Section 5.2, which election shall become effective as soon as administratively practicable following receipt of the Participant election. Before-Tax Contributions made
pursuant to this automatic election shall be invested in a default investment fund designated for such purpose by the Committee, unless the Participant elects to have such contributions invested otherwise in accordance with Article IV. 

(c) Unless a Participant elects otherwise and except as provided in Section 5.1(d), any affirmative election or
deemed election to have Compensation reduced by less than six percent (6%) shall be automatically increased by one percent (1%), effective as soon as administratively practicable on or following the first April 1 that is at least 90 days
after such initial affirmative or deemed deferral election and as soon as administratively practicable on or following each April 1 thereafter until such election has been increased to a deemed deferral election of six percent (6%) of
Compensation. 
 (d) The Committee may provide that certain divisions, organizational units or classifications of
Employees will not be subject to the automatic enrollment provisions of Section 5.1(b) or the automatic escalation provisions of Section 5.1(c)

 
and shall establish rules and procedures regarding such designations, which rules and related procedures shall be binding upon Participants.” 
 IN WITNESS WHEREOF, Mattel, Inc. has caused this instrument to be executed by its duly authorized officer this
22nd day of May, 2009, effective as of the date set forth
above. 
  

			
	MATTEL, INC.
		
	By:	 	/s/    Alan Kaye        
		
	Name:	 	Alan Kaye
		
	Title:	 	SVP Human Resources

  

 2HPIP Third Amendment to the January 1, 2006 Restatement

 Exhibit 10.50 
 MATTEL, INC. 
 HOURLY EMPLOYEE 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. The following sentence
shall be added to the end of Section 3.1(a): 
 “For purposes of determining satisfaction of the service requirements,
a requirement of six (6) months of service shall be deemed to be a requirement of one hundred eighty (180) days of service.” 
 2. 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.” 
 3. The first sentence of Section 5.6(a) is amended to
read as follows: 
 “In the event that due to error or otherwise, a Participant’s Before-Tax Contributions under this
Plan exceed the Deferral Limitation for any calendar year (but without regard to amounts of compensation deferred under any other plan), the excess Before-Tax Contributions for the Plan Year, if any, together with 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 distributed to the Participant on or before the first April 15 following the close of the calendar year in
which such excess contribution is made.” 
 4. 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.” 
 5. The following sentence shall be added to the end of
Section 6.4(c): 
 “Any distribution of an excess contribution pursuant to this Section 6.4 shall include any
Trust gains or other income allocable to the distributed contribution while held in the Trust but need not include Trust gains and income for the Plan Year in which distributed except to the extent required by the Code.” 
 6. 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.” 
 7. 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.” 
 8. 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;

  

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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 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.” 
 9. 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.” 
 10. 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. 
 11. 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.” 
 12. 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

  

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