Exhibit 25

CONFORMED COPY


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM T‑1
STATEMENT OF ELIGIBILITY UNDER THE TRUST
INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)

HSBC Bank USA, National Association
(Exact name of trustee as specified in its charter)
N/A                 20-1177241
(Jurisdiction of incorporation             (I.R.S. Employer
or organization if not a U.S.                 Identification No.)
national bank)

1800 Tyson's Boulevard, Ste 50
McLean, VA                         22102
(Address of principal executive offices)            (Zip Code)

Thomas Musarra, SVP
HSBC Bank USA, National Association
452 Fifth Avenue
New York, New York 10018-2706
Tel: (212) 525-1311
(Name, address and telephone number of agent for service)
    
STAPLES, INC.
(Exact name of obligor as specified in its charter)

DELAWARE             04-2896127                
(State or other jurisdiction                (I.R.S. Employer
of incorporation or organization)            Identification No.)
       
500 Staples Drive
Framingham, Massachusetts             01702
(Address of principal executive offices)         (Zip Code)
   
SEE TABLE OF ADDITIONAL REGISTRANTS
Christine T. Komola
Senior Vice President and Chief Financial Officer
Five Hundred Staples Drive
Framingham, Massachusetts 01702
(508) 253-5000






Copy To:
                 
Mark G. Borden, Esq.
Erika L. Robinson, Esq.
                   Wilmer Cutler Pickering Hale and Dorr LLP
60 State Street
Boston, MA 02109
(617) 526-6000
Cynthia Pevehouse, Esq.
Senior Vice President and General Counsel
Staples, Inc.
500 Staples Drive
Framingham, MA 01702
(508) 253-5000

                                                       
9.750% Senior Notes due January 15, 2014
(Title of Indenture Securities)
    












General
Item 1. General Information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervisory
authority to which it is subject.

Comptroller of the Currency, New York, NY.

Federal Deposit Insurance Corporation, Washington, D.C.

Board of Governors of the Federal Reserve System,
Washington, D.C.

(b) Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe
each such affiliation.

None.

Items 3-15.    Not Applicable






Item 16. List of Exhibits

Exhibit

T1A(i)
(1)
Copy of the Articles of Association of HSBC Bank USA, National Association.
 
 
 
T1A(ii)
(1)
Certificate of the Comptroller of the Currency dated July 1, 2004 as to the authority of HSBC Bank USA, National Association to commence business.
 
 
 
T1A(iii)
(2)
Certificate of Fiduciary Powers dated August 18, 2004 for HSBC Bank USA, National Association
 
 
 
T1A(iv)
(1)
Copy of the existing By-Laws of HSBC Bank USA, National Association.
 
 
 
T1A(v)
 
Not applicable.
 
 
 
T1A(vi)
(2)
Consent of HSBC Bank USA, National Association required by Section 321(b) of the Trust Indenture Act of 1939.
 
 
 
T1A(vii)
 
Copy of the latest report of condition of the trustee
( June 30, 2011), published pursuant to law or the requirement of its supervisory or examining authority.
 
 
 
T1A(viii)
 
Not applicable.
 
 
 
T1A(ix)
 
Not applicable.


(1)
Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-118523 and incorporated herein by reference thereto.
(2)
Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-125197 and incorporated herein by reference thereto.


















SIGNATURE


Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, HSBC Bank USA, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 17th day of February, 2012.


HSBC BANK USA, NATIONAL ASSOCIATION


By: /s/                                                                       Herawattee Alli
Vice President






Exhibit T1A (vii)

Board of Governors of the Federal Reserve System
OMB Number: 7100‑0036
Federal Deposit Insurance Corporation
OMB Number: 3064‑0052
Office of the Comptroller of the Currency
OMB Number: 1557‑0081

Federal Financial Institutions Examination Council        Expires March 31, 2011

Please refer to page i,
Table of Contents, for
the required disclosure
of estimated burden.


Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices-FFIEC 031
Report at the close of business June 30, 2011

This report is required by law; 12 U.S.C. §324 (State member banks); 12 U.S.C. § 1817 (State nonmember banks); and 12 U.S.C. §161 (National banks).
 


This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities.
 
 
 
NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks.

I,  John T. McGinnis, CFO
Name and Title of Officer Authorized to Sign Report

Of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and believe.

   /s/ John T. McGinnis
Signature of Officer Authorized to Sign Report

             8/4/2011       
Date of Signature
 
The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions.

We, the undersigned directors (trustees), attest to the correctness of this Report of Condition (including the supporting schedules) and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.



  /s/ Irene Dorney
 Director (Trustee)
  /s/ Niall Booker
    Director (Trustee)
       /s/ Richard Jalkut
Director (Trustee)
 
 
 






Submission of Reports

Each Bank must prepare its Reports of Condition and Income either:

in electronic form and then file the computer data file directly with the banking agencies' collection agent, Electronic Data System Corporation (EDS), by modem or computer diskette; or

b)in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank's computer data file to EDS.
 


For electronic filing assistance, contact EDS Call report Services, 2150 N. Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.

To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy f the completed report that the bank places in its files.

FDIC Certificate Number
5
7
8
9
 
 
 
 
(RCRI 9030)
 
 
 
 

http://WWW.BANKING.US.HSBC.COM
      Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)
       (Example: www.examplebank.com) 
HSBC Bank USA, NATIONAL ASSOCIATION
Legal Title of Bank (TEXT 9010)

McLean
City (TEXT 9130)

VA 22102
State Abbrev. (TEXT 9200) ZIP Code (TEXT 9220)

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency
 
 
 
REPORT OF CONDITION
 
 
 
 
 
Consolidated domestic subsidiaries
 
 
HSBC Bank USA, National Association of Buffalo
 
 
  Name of Bank City
 
 
 
 
 
in the state of New York, at the close of business June 30, 2011
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
Thousands of dollars
Cash and balances due from depository institutions:
 
 
 a. Non-interest-bearing balances currency and coin
 
1,543.193

 b. Interest-bearing balances
 
28,483,841

   Held-to-maturity securities
 
2,144,710

   Available-for-sale securities
 
44,393,256

   Federal funds sold and securities purchased under agreements to resell:
 
 
a. Federal funds sold in domestic offices
 

b. Securities purchased under agreements to resell
 
4,292,755

Loans and lease financing receivables:
 
 
   Loans and leases held for sale
 
1,572,613

   Loans and leases net of unearned income
68,825,493

 
   LESS: Allowance for loan and lease losses
1,459,722

 
   Loans and lease, net of unearned income, allowance, and reserve
 
67,365,771

   Trading assets
 
33,935,938

   Premises and fixed assets
 
504,844

Other real estate owned
 
213,244

Investments in unconsolidated subsidiaries
 
14,445

Customers' liability to this bank on acceptances outstanding
 
14,886

Intangible assets: Goodwill
 
2,035,445

Intangible assets: Other intangible assets
 
390,272






Other assets
 
8,196,154

Total assets
 
195,101,367

 
 
 
 
 
 
LIABILITIES
 
 
 
 
 
Deposits:
 
 
   In domestic offices
 
98,701,717

   Non-interest-bearing
23,929,938

 
   Interest-bearing
74,771,779

 
In foreign offices
 
40,012,510

   Non-interest-bearing
1,698,099

 
   Interest-bearing
38,314,411

 
 
 
 
Federal funds purchased and securities sold under agreements to repurchase:
 
 
 a. Federal funds purchased in domestic offices
 
387,700

 b. Securities sold under agreements to repurchase
 
8,463,487

 
 
 
Trading Liabilities
 
12,565,920

Other borrowed money
 
4,351,225

Bank's liability on acceptances
 
NA

Subordinated notes and debentures
 
6,141,384

Other liabilities
 
5,970,088

Total liabilities
 
176,594,031

Minority Interests in consolidated Subsidiaries
 
N/A

EQUITY CAPITAL
 
 
 
 
 
Perpetual preferred stock and related surplus
 

Common Stock
 
2,002

Surplus
 
16,055,004

Retained earnings
 
2,327,192

Accumulated other comprehensive income
 
122,838

Other equity capital components
 

Total equity capital
 
18,507,336

Total liabilities, minority interests and equity capital
 
195,101,367