EXHIBIT 10.24 SECOND ALLONGE TO 9% SENIOR SUBORDINATED NOTE DUE APRIL 1, 1997 ================================================================================ This Second Allonge to 9% Senior Subordinated Notes due April 1, 1997 (the "Notes"), made by Dollar Tree Stores, Inc. (the "Issuer"), is issued in accordance with Section Seven of the Notes with the written consent of the Issuer and the holders of at least a majority in aggregate principal amount of the Notes then outstanding and provides as follows: 1. Section 2.2 is hereby added to the Notes, providing as follows: Section 2.2. Optional Prepayment by Issuer. The Issuer may repay ------------------------------ this Note without penalty or premium, in whole or in part, at any time, so long as the Issuer funds such prepayment through a Public Offering; provided, however, that if such prepayment is in full, the Issuer simultaneously prepays in full all of its Senior 9% Notes and Junior 9% Notes, and if such prepayment is in part, the Issuer simultaneously prepays all of its Senior 9% Notes and Junior 9% Notes in the same proportion as the amount of prepayment tendered for this Note bears to the total outstanding principal sum of this Note. 2. This Allonge makes no other changes in the terms and conditions of the Notes. IN WITNESS WHEREOF, the Issuer has executed this Allonge under its corporate seal effective as of May 3, 1996. [SEAL] DOLLAR TREE STORES, INC. By: /s/ H. Ray Compton -------------------------------- Title: Executive Vice President --------------------------