EX-25.1 52 dex251.htm STATEMENT OF ELIGIBILITY ON FORM T-1 OF TRUSTEE UNDER THE INDENTURE Statement of Eligibility on Form T-1 of Trustee under the Indenture

Exhibit 25.1

 


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)

 


WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 


 

A National Banking Association   94-1347393

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

101 North Phillips Avenue  
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

 


BROOKSTONE COMPANY, INC.1

(Exact name of obligor as specified in its charter)

 


 

New Hampshire   04-2423478

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

One Innovation Way

Merrimack, New Hampshire 03054

(Address of principal executive offices)

 


12.00% Second Lien Senior Secured Notes due 2012

(Title of the indenture securities)

 


 

1 See Table 1 – List of additional obligors


Table 1

 

      

Guarantor

  State of Incorporation    Federal EIN
1.     

Brookstone, Inc.

  Delaware    06-1182895
2.     

Brookstone International Holdings, Inc.

  New Hampshire    20-1208382
3.     

Brookstone Purchasing, Inc.

  New Hampshire    02-0482514
4.     

Brookstone Stores, Inc.

  New Hampshire    02-0482513
5.     

Brookstone Retail Puerto Rico, Inc.

  Puerto Rico    66-0575552
6.     

Brookstone Holdings, Inc.

  New Hampshire    02-0482515
7.     

Brookstone Properties, Inc.

  New Hampshire    02-0482517
8.     

Advanced Audio Concepts, Limited

  Hong Kong    n/a
9.     

Gardeners Eden, Inc.

  New Hampshire    02-0507793


Item 1. General Information. Furnish the following information as to the trustee:

 

(a)    Name and address of each examining or supervising authority to which it is subject.
   Comptroller of the Currency
   Treasury Department
   Washington, D.C.
   Federal Deposit Insurance Corporation
   Washington, D.C.
   Federal Reserve Bank of San Francisco
   San Francisco, California 94120
(b)    Whether it is authorized to exercise corporate trust powers.
   The trustee is authorized to exercise corporate trust powers.

Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee. Not applicable.

Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*
Exhibit 2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
Exhibit 3.   See Exhibit 2
Exhibit 4.   Copy of By-laws of the trustee as now in effect.***
Exhibit 5.   Not applicable.
Exhibit 6.   The consent of the trustee required by Section 321(b) of the Act.
Exhibit 7.   A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
Exhibit 8.   Not applicable.
Exhibit 9.   Not applicable.

* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.
** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25.1 to the Form S-4 dated May 26, 2005 of Penn National Gaming, Inc. file number 333-125274.


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, 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 Middletown and State of Connecticut on the 9th day of March 2006.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Joseph P. O’Donnell

Joseph P. O’Donnell
Vice President


EXHIBIT 6

March 9, 2006

Securities and Exchange Commission

Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Very truly yours,
WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Joseph P. O’Donnell

Joseph P. O’Donnell
Vice President


Exhibit 7

Consolidated Report of Condition of Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business December 31, 2005, filed in accordance with 12 U.S.C. §161 for National Banks.

 

          Dollar Amounts
In Millions

ASSETS

     

Cash and balances due from depository institutions:

     

Noninterest-bearing balances and currency and coin

      $ 15,347

Interest-bearing balances

        1,496

Securities:

     

Held-to-maturity securities

        0

Available-for-sale securities

        37,327

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        2,394

Securities purchased under agreements to resell

        950

Loans and lease financing receivables:

     

Loans and leases held for sale

        37,316

Loans and leases, net of unearned income

   255,460   

LESS: Allowance for loan and lease losses

   2,122   

Loans and leases, net of unearned income and allowance

        253,338

Trading Assets

        6,375

Premises and fixed assets (including capitalized leases)

        3,846

Other real estate owned

        173

Investments in unconsolidated subsidiaries and associated companies

        377

Customers’ liability to this bank on acceptances outstanding

        70

Intangible assets

     

Goodwill

        8,735

Other intangible assets

        13,074

Other assets

        22,440
         

Total assets

      $ 403,258
         

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 295,315

Noninterest-bearing

   82,045   

Interest-bearing

   213,270   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        24,081

Noninterest-bearing

   5   

Interest-bearing

   24,076   

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        12,959

Securities sold under agreements to repurchase

        4,684


      Dollar Amounts
In Millions
  

Trading liabilities

     5,276

Other borrowed money

  

(includes mortgage indebtedness and obligations under capitalized leases)

     5,267

Bank’s liability on acceptances executed and outstanding

     70

Subordinated notes and debentures

     7,830

Other liabilities

     11,951
      

Total liabilities

   $ 367,433

Minority interest in consolidated subsidiaries

     54

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0

Common stock

     520

Surplus (exclude all surplus related to preferred stock)

     24,671

Retained earnings

     10,249

Accumulated other comprehensive income

     331

Other equity capital components

     0
      

Total equity capital

     35,771
      

Total liabilities, minority interest, and equity capital

   $ 403,258
      

I, Karen B. Martin, Vice President of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

Karen B. Martin

Vice President

We, the undersigned directors, attest to the correctness of this Report of Condition 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.

 

Dave Munio
John Stumpf                                                                         Directors
Avid Modjtabai