THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Midas, Inc. (MDS)

4/1/2005 and 3/31/2006 Proxy Information

No related party transactions or special relationships reported for this company. Director relationships marked "Outside Related" at this firm will most often be former executives of the company. Additional information regarding these relationships will be added during our regular updates.

4/7/2004 Proxy Information

In connection with Midas’ Executive Stock Ownership Program, Wendel H. Province, Midas’ former Chairman and Chief Executive Officer, and Mr. Warzecha were previously indebted to Midas solely for the purpose of purchasing shares of Midas’ Common Stock. Each individual was an executive officer of Midas at the time of the loan. Both loans bore interest at a rate of 6% per annum and had a four-year term that was accelerated upon a termination of employment. Midas agreed to waive all interest that accrued while the borrowers were employed by Midas. Neither of these loans made by Midas remains outstanding as of the date of this proxy statement.

On March 17, 2003, in order to better effectuate the original purposes of the Executive Stock Ownership Program, Midas agreed to forgive $269,093.60 of Mr. Warzecha’s then outstanding loan balance of $400,004.00, which loan had a maturity date of March 17, 2003. This forgiveness amount represented the shortfall between (i) the outstanding principal balance under the promissory note executed by Mr. Warzecha in favor of Midas in 1999 (under Midas’ Executive Stock Ownership Program) and (ii) the market value of the shares of Midas’ Common Stock purchased by Mr. Warzecha pursuant to the note (as of the note’s maturity date). However, this forgiveness was expressly contingent upon his immediate payment to Midas of the remainder of the outstanding balance (i.e., $130,910.40). Midas also agreed to pay to Mr. Warzecha an amount equal to the taxes resulting from the forgiveness described above.

In addition, subsequent to his resignation on September 21, 2002, Mr. Province was provided a severance package which, among other things, extended his loan from Midas, which loan had a maturity date of October 21, 2002, for an additional three years. However, this extension was expressly contingent upon Mr. Province’s immediate payment to Midas of a substantial portion (i.e., $750,000) of his then outstanding loan balance. The remaining principal balance under the loan, after application of the $750,000 payment described above, was $1,749,992. Mr. Province was required to retire the remaining loan balance pursuant to three equal installments, payable on the first, second and third anniversaries of the original loan maturity date (i.e., October 21, 2002). During the extension period, interest continued to accrue on the unpaid principal balance at the rate of 6% per annum, and all interest accruing after the resignation date was to be paid by Mr. Province. As collateral for these payment obligations, Mr. Province pledged to Midas all of the shares of Midas’ Common Stock that he acquired with the original loan proceeds. In November 2003, the Board reached an agreement with Mr. Province whereby, in exchange for his agreement to pay $1,735,279 to Midas, Midas agreed to forgive the remaining principal balance under the loan of $14,713, as well as approximately $105,000 in accrued interest.

In accordance with the Sarbanes-Oxley Act of 2002, Midas will not, in the future, provide any new loans to its executive officers.

4/2/2003 Proxy Information

In connection with Midas’ Executive Stock Ownership Program, Messrs. Province, Warzecha and Ronald J. McEvoy, Midas’ former Executive Vice President and Chief Information Officer, were previously indebted to Midas solely for the purpose of purchasing shares of Midas’ common stock. Each individual was an executive officer of Midas at the time of the loan, with Mr. Province being the former Chairman of the Board. Of these three individuals, only Mr. Warzecha remains an executive officer of Midas as of the date of this proxy statement. Each loan bore interest at a rate of 6% per annum and had a four-year term that was accelerated upon a termination of employment. Midas agreed to waive all interest that accrued while the borrower was employed by Midas.

Only the loan made by Midas to Mr. Province remains outstanding as of the date of this proxy statement. Subsequent to his resignation as Midas’ Chairman and Chief Executive Officer on September 21, 2002, Mr. Province was provided a severance package which, among other things, extended his loan from Midas for an additional three years. However, this extension was expressly contingent upon Mr. Province’s immediate payment to Midas of a substantial portion (i.e., $750,000) of his then outstanding loan balance. The remaining principal balance under the loan, after application of the $750,000 payment described above, is $1,749,992. Mr. Province is required to retire the remaining loan balance pursuant to three equal installments, payable on the first, second and third anniversaries of the original loan maturity date (i.e., October 21, 2002). During the extension period, interest continues to accrue on the unpaid principal balance at the rate of 6% per annum, and all interest accruing after the resignation date must be paid by Mr. Province. As collateral for these payment obligations, Mr. Province has pledged to Midas all of the shares of common stock that he acquired with the original loan proceeds. In accordance with the Sarbanes-Oxley Act of 2002, Midas will not, in the future, provide any new loans to its executive officers.

As part of the severance package given to Mr. McEvoy in connection with his resignation as Midas’ Chief Information Officer on May 28, 2002, Midas agreed to forgive $564,686 of his then outstanding loan balance of $800,009. This forgiveness amount represented the shortfall between (i) the outstanding principal balance under the promissory note executed by Mr. McEvoy in favor of Midas in 1999 (under Midas’ Executive Stock Ownership Program) and (ii) the market value of the shares of Midas common stock purchased by Mr. McEvoy pursuant to the note (as of the date of sale of such shares by Mr. McEvoy). However, this forgiveness was expressly contingent upon his immediate payment to Midas of a substantial portion (i.e., $235,323) of the outstanding balance. Midas also agreed to pay to Mr. McEvoy an amount equal to the taxes resulting from the forgiveness described above.

On March 17, 2003, in order to better effectuate the original purposes of the Executive Stock Ownership Program, Midas agreed to forgive $269,093.60 of Mr. Warzecha’s then outstanding loan balance of $400,004. This forgiveness amount represented the shortfall between (i) the outstanding principal balance under the promissory note executed by Mr. Warzecha in favor of Midas in 1999 (under Midas’ Executive Stock Ownership Program) and (ii) the market value of the shares of Midas common stock purchased by Mr. Warzecha pursuant to the note (as of the note’s maturity date). However, this forgiveness was expressly contingent upon his immediate payment to Midas of a substantial portion (i.e., $130,910.40) of the outstanding balance. Midas also agreed to pay to Mr. Warzecha an amount equal to the taxes resulting from the forgiveness described above.