MICHAELS STORES, INC. $200,000,000 7¾% Senior Notes due 2018 PURCHASE AGREEMENTPurchase Agreement • September 25th, 2012 • Michaels Stores Inc • Retail-hobby, toy & game shops • New York
Michaels Stores, Inc., a Delaware corporation (the “Issuer”), will issue and sell to the several parties named in Schedule I hereto (each an “Initial Purchaser” and, together, the “Initial Purchasers”) $200,000,000 aggregate principal amount of its 7¾% Senior Notes due 2018 (the “Securities”). The Securities will be issued by the Issuer pursuant to that certain indenture, dated as of October 21, 2010 (as supplemented to the date hereof, the “Base Indenture”), among the Issuer, the Guarantors (as defined herein) and Law Debenture Trust Company of New York, as trustee (the “Trustee”), as supplemented by a supplemental indenture to be dated as of the Closing Date (as defined below) (the “Supplemental Indenture” and, together with the Base Indenture, collectively, the “Indenture”). The Securities will be guaranteed (the “Guarantees”) on a senior unsecured basis by each of the guarantors listed on Annex A-1 hereto (together, the “Guarantors”). The Securities and the Issuer’s $800,000,000 7¾
