Exhibit 10.33

# STAGED CERTIFICATE OF
ACCEPTANCE

Staged Certificate of Acceptance No.
01 to Progress Payment Agreement Rider to Lease Schedule No. 001, between General Electric
Capital Corporation (Lessor) and Duckwall-Alco Stores, Inc. (Lessee).

Lessor is authorized to pay the
sellers and other entities for the Equipment identified below, invoice copies of which are
attached hereto, under the Progress Payment Agreement Rider currently in effect between
Lessor and Lessee.

Dell Financial Services, 4293
Collections Center Drive, Chicago, IL 60693            $4,650,239.76

# EQUIPMENT DESCRIPTION

See Schedule A attached hereto and
made a part of.

Total Capitalized
Lessors Cost for all items of Equipment listed above: $4,650,239.76

# THE UNDERSIGNED
ACKNOWLEDGES THAT:

|1. | The Equipment and products described herein are delivered, available for use
                    and are placed in service as of the Acceptance Date indicated below.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | Such Equipment and products are in good operating condition and repair and are
                    accepted as satisfactory in all respects for the purpose of the Lease Agreement
                    and the Progress Payment Agreement Rider.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | The
      undersigned (1) will commence payment in accordance with the provisions
      of the Lease Agreement, as modified by the Progress Payment Agreement Rider,
      beginning on the Acceptance Date noted below, and (ii) confirms that all
      of the terms and conditions of the Lease Agreement, as modified by the Progress
      Payment Agreement Rider, are hereby in full force and effect in all respects,
      with respect to such Equipment.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | ACKNOWLEDGED                            |   |                               
| | --------------------------------------- | - | ------------------------------
| |                                         |   |                               
| | DUCKWALL-ALCO
      
      STORES, INC. |   |                               
| |                                         |   |                               
| | Acceptance
      Date:                  | X | 12-1-05                       
| | Authorized
      Signature:             | X | /s/
      Richard A. Mansfield
| | Name
      Typed or Printed:            |   | Richard
      A. Mansfield    
| | Title:                                  |   | V.P./CFO                      

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