0001558370-17-004689 Sample Contracts

THE MICHAELS COMPANIES, INC. RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • June 6th, 2017 • Michaels Companies, Inc. • Retail-hobby, toy & game shops • Texas

This agreement (this “Agreement”) evidences the grant of restricted stock units (the “Restricted Stock Units”) by The Michaels Companies, Inc. (the “Company”) to the individual named above (the “Grantee”), pursuant to and subject to the terms of The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan (as amended from time to time, the “Plan”), which is incorporated herein by reference.

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The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan
Stock Option Agreement • June 6th, 2017 • Michaels Companies, Inc. • Retail-hobby, toy & game shops • Texas

This agreement (this “Agreement”) evidences a stock option granted by The Michaels Companies, Inc. (the “Company”) to the individual named above (the “Optionee”) pursuant to and subject to the terms of The Michaels Companies, Inc. 2014 Omnibus Long-Term Incentive Plan (as amended from time to time, the “Plan”), which is incorporated herein by reference.

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