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|  | A. | Tenant                  previously leased the property commonly known as 6135-6161 Atlantic                  Boulevard, Maywood, California 90270 (the "premises") from Landlord's                  predecessor pursuant to a Standard Industrial Lease---Net dated                  November                  11, 1985 (the "Lease"); |
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|   | B. | The                  Lease was previously amended by that certain letter agreement by                  and                  between Landlord and Tenant dated as of April 27, 1996 (the "First                  Amendment"); |
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|   | C. | The                  Landlord and Tenant desire to amend the Lease further, as expressly                  described herein, and subject to the condition of subsequent approval                  by                  the Board of Directors of Tenant, all as described                  below; |
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|   | 1. | **Term                  Extension.**                  The term is agreed to be extended to January 31, 2010. Landlord                  hereby                  grants Tenant two successive options, each for a term of five (5)                  years,                  to extend the term of the Lease. Each such option shall be exercised,                  if                  at all, by written notice from the Tenant to Landlord delivered                  not less                  than six (6) months prior to the expiration of the then current                  term of                  the Lease. If Tenant fails to exercise the first option, then the                  term                  shall expire on January 31, 2010 and the second option shall have no                  force or effect. |
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|   | 2. | **Rent.**The                  monthly rent payable for the period of the term from January 1,                  2005                  through and including January 31, 2010 shall be the sum of Twelve                  Thousand                  Dollars ($12,000) per month. The monthly rent payable for each                  month                  during the first option term shall be the sum of Thirteen Thousand                  Two                  Hundred Dollars ($13,200) per month. The monthly rent payable for                  each                  month during the second option term shall be the sum of Fourteen                  Thousand                  Five Hundred Twenty Dollars ($15,520) per month. Each payment of                  monthly                  rent shall be due and payable on or before the first day of each                  successive month during the term of the Lease as the term may be                  extended                  pursuant to the provisions of this                  Amendment. |
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|   | 3. | **Security                  Deposit.**                  The parties acknowledge there is no security deposit presently                  held by the                  Landlord and that notwithstanding any contrary provision of the                  Lease no                  security deposit is required. |
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|   | 4. | **Pro                  Rata Share.**                  The parties acknowledge that Tenant’s pro rata share of certain common                  area costs and expenses (as described in the First Amendment) is                  calculated to be 30.10% |
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| December                  11,2005 | 1 |
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|   | 5. | **Miscellaneous.**                  Except as expressly modified herein, the Lease as previously amended                  by                  the First Amendment remains unmodified and in full force and effect.                  Tenant acknowledges that it has occupied the property continuously                  since                  the Lease was executed and delivered and that Landlord makes no                  representations or warranties of any kind or nature regarding the                  Premises. |
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|   | 6. | **Required                  Board Approval.**                  Landlord and Tenant acknowledge that two of the members of the                  partnership                  constituting Landlord, Dave and Sherry Gold, are insiders of the                  Tenant                  and that by reason of the fact this Amendment is subject to the                  subsequent                  approval of the Board of Directors of Tenant. If for any reason                  whatsoever                  that approval is not made and communicated by Tenant to Landlord                  on or                  before March 1, 2006 then this Amendments shall have no force or                  effect                  whatsoever except with respect to rent and other obligations which                  accrued                  or arose prior to the earlier to occur of March 1, 2006 or the                  date when                  Tenant notifies Landlord that the Board of Directors of Tenant                  has elected                  not to approve this Amendment. If this Amendment is not approved                  on or                  before March 1, 2006, or if prior to said date the Board of Directors                  elects not to approve this Amendment and the Landlord is so notified,                  then                  this Lease shall be and become a month to month tenancy, upon the                  same                  terms and condition other than term as set forth in the Lease as                  amended                  hereby, but subject to termination by either Landlord or Tenant                  upon 30                  days prior written notice of one party to the                  other. |
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| “Tenant”                          |   | “Landlord”                                    |
|-----------------------------------------------|--------|-----------------------------------------------------------|
| 99                  Cents Only Stores         |   | 6135-6161                  Atlantic Boulevard Partnership |
| a                  California corporation     |   | a                  California general partnership         |
| By:                                           |   | By:                                                       |
|                                          |   |                                                           |
| /s/                Richard J. Frick           |   | /s/                Dave Gold                              |
| Richard                  J. Frick             |   | Dave                  Gold                                |
| Its                  Assistant Vice President |   | A                  general partner                        |

| December                  11, 2005 | 2 |
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