Exhibit 10.1

 

March 24, 2009

 

Barclays Bank PLC

200 Cedar Knolls Road

Whippany, New Jersey  07981

Attention:  May Wong

Fax:  973-576-3014

Email:  May.Wong@barcap.com

 

Barclays Capital

200 Park Avenue

New York, New York  10166

Attention:  David E. Barton

Fax:  212-412-7600

Email:  DavidE.Barton@barcap.com

 

Re:

Credit Agreement, dated April 1, 2008, by and among Staples, Inc., Barclays Bank
PLC, as successor Administrative Agent, and the co-syndication agents and
lenders party thereto, as amended from time to time through the date hereof (the
“Credit Agreement”)

 

Ladies and Gentlemen:

 

Reference is hereby made to Section 2.6(a) (“Mandatory Commitment Reductions”)
of the Credit Agreement.  Terms used herein but not defined herein shall have
the meanings assigned thereto in the Credit Agreement.

 

Please take notice that, in accordance with Section 2.6(a) of the Credit
Agreement in connection with the issuance of certain Indebtedness, Staples, Inc.
hereby gives notice that, effective March 27, 2009, the Total Commitment shall
be reduced by $500,000,000 resulting in a remaining Total Commitment of
$761,000,000.

 

Please give notice to the Lenders of this reduction of the Total Commitment in
accordance with Section 2.6(a) of the Credit Agreement.

 

 

 

Regards,

 

 

 

 

 

STAPLES, INC.

 

 

 

 

 

 

 

By:

/s/ Marci Jo Lerner

 

Name:

Marci Jo Lerner

 

Title:

Vice President, Assistant Treasurer

 

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