Michaels Stores Inc.

Mr. Jones was named Senior Vice President Chief Information Officer in September 2004. Prior to joining Michaels, he served in various management positions at Hollywood Entertainment Corporation from March 2002 to August 2004, most recently as Senior Vice President and Chief Information Officer. Prior to joining Hollywood, Mr. Jones served in various management positions at KMart Corporation from February 1996 to July 2001, most recently as Vice President for Information Technology and Change Management.

Mr. Pappas was named Executive Vice President Category Management in February 2009. Prior to joining Michaels, he served as Chief Merchandising Officer at Tweeter Home Entertainment Group, Inc. from April 2003 to October 2008. On June 11, 2007, Tweeter and each of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in Wilmington, Delaware. Prior to joining Tweeter, Mr. Pappas served in various management positions at Staples, Inc. from November 1994 to April 2003, most recently as Senior Vice President of Merchandising.

David Abelman, senior vice president of marketing, joined Michaels in August 2005. Abelman previously held the position of vice president of retail marketing at Office Depot where he oversaw marketing and advertising for North American retail stores. Abelman joined Office Depot from 4SURE.com, a direct marketer of computer and technology products, which was acquired by Office Depot. With over 25 years of retail marketing experience, Abelman held senior marketing positions with other companies including Daymon Associates and The Great Atlantic & Pacific Tea Company (A&P).

Mr. Hearn was named Senior Vice President Human Resources in February 2007. Prior to his promotion, Mr. Hearn had served as Vice President, Field Human Resources since joining Michaels in November 2002. Prior to joining Michaels, he served in various operations, marketing, and human resource management positions at KMart Corporation from August 1981 to October 2002, most recently as Vice President, Advertising.

Jonathan A. Siegel, Partner, joined Open Realty Advisors in 1996. As the leader of the tenant advisory business, Mr. Siegel is responsible for all aspects of the retail roll out and asset management strategies for our clients. During his career, Mr. Siegel has negotiated real estate transactions in every major U.S. and Canadian market and traveled to 45 states, Canada and Europe while having had primary responsibility for over a half a billion dollars worth of leases. He is currently the lead real estate consultant for the roll out of stores for Apple Computer, J. Crew and Restoration Hardware having honed his management and real estate skills for these expansions during a period of explosive growth for Michaels Stores, Inc. where he was Director of Real Estate Legal Affairs and a Real Estate Director. While at Michaels, Mr. Siegel was personally responsible for the legal negotiations of over 275 real estate transactions in less than four years and was in charge of excess store disposition. Michaels' rapid expansion program was the impetus for Mr. Siegel developing a computerized tracking system for managing the critical aspects of retail rollouts. Prior to joining Open Realty Advisors and Michaels, Mr. Siegel practiced real estate and corporate law in Dallas for five years. Mr. Siegel is a graduate of the University of Texas at Austin with a Bachelor of Business Administration in Finance and the University of Texas School of Law with a Doctor of Jurisprudence.

Mr. Murphy is a senior managing director at The Blackstone Group in the private equity group, which he joined in 2008. Before joining Blackstone, Mr. Murphy spent five years as CEO of Kingfisher, a FTSE 100 company and the leading home improvement retailer in Europe and Asia. He has also served as CEO of Carlton Communications plc, Exel plc and Greencore Group plc. Mr. Murphy serves as a director of United Biscuits Topco Limited, Kleopatra Acquisition Corp., Abbey National plc, Reckitt Benckiser Group plc, Hornbach Holding AG and for the Advisory Board of KP Germany Zweite GmbH. Mr. Murphy received his BSc and PhD in food technology from University College Cork and a 1st Class MBS in marketing from University College Dublin.

Mr. Bekenstein joined Bain Capital at its inception in 1984. He has been a Managing Director since 1986. Prior to joining Bain Capital, Mr. Bekenstein spent several years at Bain & Company where he was involved with companies in a variety of industries.

Ms. Minyard became a director of Michaels in March 2002. From 1988 to 2004, Ms. Minyard served as Co-Chairman of the Board and, from 1998 to 2004, as Co-Chief Executive Officer of Minyard Food Stores, Inc., a family-owned regional retail grocer. She is currently an advisory director to TXU Corp.

Senior Vice President General Counsel and Secretary Mr. Cornell was named Chief Executive Officer in June 2007. Prior to joining Michaels, he served as Executive Vice President and Chief Marketing Officer of Safeway, Inc. since April 2004. Prior to joining Safeway, Mr. Cornell served as President of Pepsi-Cola North America s ( PCNA ) Food Services Division and Senior Vice President of Sales for PCNA, a role he assumed in March 2003. Prior to joining PCNA, Mr. Cornell was Regional President of PepsiCo Beverages International s European business and President of Tropicana Products International based in Belgium. Mr. Cornell joined PepsiCo, Inc. when it acquired Tropicana from Seagram Company in 1998. Mr. Cornell serves on the Board of Directors of Home Depot, Inc. Ms. Broader was named President and Chief Operating Officer in June 2008. Prior to joining Michaels, she served as President and Chief Executive Officer of Sweetbay Supermarkets, Inc., formerly doing business as Kash n Karry Food Stores, Inc., part of the U.S. division of Brussels based Delhaize Group since March 2006. Ms. Broader previously served as President and Chief Operating Officer of Sweetbay Supermarkets from June 2003 to March 2006. Prior to joining Sweetbay Supermarkets, Ms Broader served in various management positions at Hannaford Bros. Co. from April 1991 to June 2003, most recently as Senior Vice President, Business Strategy, Marketing and Communications. She serves on the Board of Directors, and is a member of the Audit Committee, of Raymond James Financial, Inc. Ms. Crowley was named Executive Vice President Chief Financial Officer in August 2008. Prior to joining Michaels, she served in various capacities at The Bombay Company, Inc. since August 1990, including as Chief Financial Officer and Treasurer since December 2000 and as Senior Vice President, Chief Financial Officer and Treasurer since February 2002. On September 20, 2007, The Bombay Company, Inc. and its U.S. wholly-owed subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, Northern District of Texas, Fort Worth Division. Prior to joining The Bombay Company, Ms. Crowley was with Price Waterhouse from 1981 to 1990. Mr. Aitken was promoted to Executive Vice President Chief Marketing Officer in May 2008. Prior to his promotion, Mr. Aitken had served as Senior Vice President Consumer Strategy and Marketing since joining the Company in December 2007. Prior to joining Michaels, Mr. Aitken served in various management positions at Safeway, Inc. from May 1999 to December 2007, most recently as Group Vice President of Marketing Strategies with responsibilities that included loyalty marketing, category management strategy, space planning, datamining, segmentation and innovation. Mr. Crombie was promoted to Executive Vice President Store Operations in May 2007. Prior to his promotion, he served as Zone Vice President of Stores for Michaels Stores, Inc. since January 2002. Prior to joining the Company, Mr. Crombie was Area Vice President, Mid-South for CVS from February 1999 to January 2002. From January 1996 until February 1999, he was employed by Caldor, Inc. with store operations responsibilities, including Regional Vice President. From November 1988 to January 1996, he was Director of Sales and Marketing and General Merchandising Manager for Major Appliances at Lechmere, Inc.