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Exhibit 10.22
 
The Gold Family

March 22, 2007

To: 99¢ Only Stores

Each of (1) HKJ Gold, Inc., (2) 14139 Paramount Properties, (3) Howard Gold,
Jeff Gold and Eric J. Schiffer and Karen R. Schiffer, (4) Howard Gold, Karen
Schiffer and Jeff Gold dba 14901 Hawthorn Boulevard Partnership, (5) David &
Sherry Gold, (6) 6135-6161 Atlantic Boulevard and (7) and Au Zone Investments
#2, L.P., (the “Lessors”), hereby acknowledges that, to the extent that 99¢ Only
Stores (the “Company”) did not pay rent increases as originally stipulated in
the terms of the real property lease agreements between the Company and the
Lessors set forth on Exhibit A hereto during calendar years 1995 through and
including 2006, such amounts are not owing to the Lessors and the Lessors hereby
waive any rights they may have, under such lease agreements or otherwise, to
collect such amounts, or any related costs or other damages, from the Company,
and fully and unconditionally release the Company from any claims for such
amounts, costs or other damages.

HKJ Gold, Inc., a California Corporation

/s/ Jeff Gold
 
3/22/07
 
By Jeff Gold, President
 
Date:
 

14319 Paramount Properties, a California General Partnership

/s/ Jeff Gold
 
3/22/07
 
By Jeff Gold
 
Date:
 

Howard Gold, Jeff Gold and Eric J. Schiffer and Karen R. Schiffer

/s/ Howard Gold
 
/s/ Jeff Gold
 
/s/ Eric Schiffer
 
/s/ Karen Schiffer
 
3/22/07
 
Howard Gold
 
Jeff Gold
 
Eric Schiffer
 
Karen Schiffer
 
Date
 

Howard Gold, Karen Schiffer and Jeff Gold dba 14901 Hawthorne Boulevard
Partnership

/s/ Howard Gold
 
/s/ Jeff Gold
 
/s/ Karen Schiffer
 
3/22/07
   
Howard Gold
 
Jeff Gold
 
Karen Schiffer
 
Date
   

David Gold & Sherry Gold

/s/ David Gold
 
/s/ Sherry Gold
 
3/23/07
 
David Gold
 
Sherry Gold
 
Date
 

6135-6161 Atlantic Boulevard Partnership

/s/ David Gold
 
/s/ Sherry Gold
 
3/23/07
 
David Gold
 
Sherry Gold
 
Date
 

Au Zone Investments #2, L.P.
 

 
By Au Zone Investments #3, LLC
                             
/s/ Jeff Gold
       
3/22/07
   
Jeff Gold, Authorized Representative
 
Date
 

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The Gold Family/99¢ Only Stores/Lease Acknowledgment/Waiver
Exhibit A
March 22, 2007

99¢ Only Stores #0006 - Hawthorne, California
 
Lease dated April 1, 1994 between HKJ Gold, Inc., a California Corporation (the
“Landlord”), and 99¢ Only Stores, a California Corporation (the “Tenant”), for
that certain real property commonly known as 13023 Hawthorne Boulevard,
Hawthorne, California, as Amended.
99¢ Only Stores #0014 - Maywood, California
 
Lease dated November 11, 1985 between Dave and Sherry Gold (Currently payable to
6135-6161 Atlantic Blvd. Partnership, a California General Partnership), (the
“Landlord”) and 99¢ Only Stores, a California Corporation (the “Tenant”) for
that certain real property commonly known as 6161 Atlantic Boulevard, Maywood,
California, as Amended.
99¢ Only Stores #0027 - Paramount, California
 
Lease dated march 1, 1996 between 14139 Paramount Properties, a California
General Partnership (Currently payable to Dave and Sherry Gold) (the “Landlord”)
and 99¢ Only Stores, a California Corporation (the “Tenant”) for that certain
real property commonly known as 14139 Paramount Boulevard, Paramount,
California, as Amended.
99¢ Only Stores #0033 - Huntington Park, California
 
Lease dated January 31, 1991 between Dave & Sherry Gold (Currently payable to AU
Zone Investments #2) (the “Landlord”) and 99¢ Only Stores, a California
Corporation (the “Tenant”) for that certain real property commonly known as 6124
Pacific Boulevard, Huntington Park, California, as Amended.
99¢ Only Stores #0034 - Lawndale, California
 
Lease dated November 1, 1991 between Howard Gold, Karen Schiffer (formerly Karen
Gold), and Jeff Gold, dba 14901 Hawthorne Blvd Partnership (Currently payable to
AU Zone Investments #2) ( the “ Landlord”) and 99¢ only Stores, a California
Corporation (the “Tenant”) for that certain real property commonly known as
14901 Hawthorne Boulevard, Lawndale, California, as Amended.
99¢ Only Stores #0038 - N. Long Beach, California
 
Lease dated August 13, 1992 between HKJ Gold, Inc., a California Corporation
(the “Landlord”), and 99¢ Only Stores, a California Corporation (the “Tenant”)
for that certain real property commonly known as 5599 Atlantic Avenue, North
Long Beach, California, as Amended.

Exhibit A
1 of 2

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The Gold Family/99¢ Only Stores/Lease Acknowledgment/Waiver
Exhibit A
March 22, 2007

99¢ Only Stores #0039 - Santa Ana, California
 
Lease dated November 12, 1993 between Howard Gold, Jeff Gold, and Eric J.
Schiffer and Karen R. Schiffer (Currently payable to Main and Main Properties)
(the “Landlord”) and 99¢ Only Stores, a California corporation (the “Tenant”)
for that certain real property commonly known as 1514 North Main Street, Santa
Ana, California.
99¢ Only Stores #0041 - LA-Wilshire, California
 
Lease July 1, 1993 between HKJ Gold, Inc., a California Corporation (the
“Landlord”) and 99¢ Only Stores, a California corporation (the “Tenant”) for
that certain real property commonly known as 6121 Wilshire Boulevard, Los
Angeles, California, as Amended
 
#0041 - LA-Wilshire, California - Parking Lot Agreement
 
Lease dated December 1, 1995 between David Gold and Sherry Gold (Currently
payable to AU Zone Investments #2, LP) (the “Landlord”) and 99¢ Only Stores, a
California Corporation (the “Tenant”) for that certain real property commonly
known as 6101 Wilshire Boulevard, Los Angeles, California.
99¢ Only Stores #0042 - Arleta-Woodman, California
 
Lease dated July, 8, 1993 between David Gold and Sherry Gold (Currently payable
to AU Zone Investments #2, LP) (the “Landlord”) and 99¢ Only Stores, a
California Corporation (the “Tenant”) for that certain real property commonly
known as 8625 Woodman Avenue, Arleta, California, as Amended.
99¢ Only Stores #0044 - Walnut Park, California
 
Lease dated April 18, 1994 between HKJ Gold, Inc., a California Corporation (the
“Landlord”) and 99¢ Only Stores, a California Corporation (the “Tenant”) for
that certain real property commonly known as 2566 East Florence Avenue, Walnut
Park, California, as Amended.
99¢ Only Stores #0050 - Anaheim - W. Lincoln, California
 
Lease dated March 1, 1996 between HKJ Gold, Inc., a California Corporation (the
“Landlord”) and 99¢ Only Stores, a California Corporation (the “Tenant”) for
that certain real property commonly known as 3420 West Lincoln Avenue, Anaheim,
California, as Amended.
99¢ Only Stores #0051 - L.A. - N. Broadway, California
 
Lease dated May 1, 1996 between HKJ Gold, Inc., a California Corporation (the
“Landlord”), and 99¢ Only Stores, a California Corporation (the “Tenant”) for
that certain real property commonly known as 2606 North Broadway, Los Angeles,
California, as Amended.

Exhibit A
2 of 2
 
 

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