<PAGE>
<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 10.10</FONT></P>

<br>
<FONT FACE="Times New Roman, Times, Serif" SIZE=3><CENTER>FIRST<BR>
MODIFICATION OF MORTGAGE NOTE, ASSIGNMENT OF RENTS<BR>
<U>AND SECURITY AGREEMENT, AND LOAN AGREEMENT</U></CENTER></FONT>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        THIS
FIRST MODIFICATION OF MORTGAGE NOTE, MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY
AGREEMENT, AND LOAN AGREEMENT (“Modification”), dated as of the 1st
day of April, 2002, by and among KEYBANK NATIONAL ASSOCIATION, a national
banking association, having an office and place of business at 88 East Broad
Street, Columbus, Ohio 43215 (“Lender”), GALYAN’S TRADING
COMPANY, INC., an Indiana corporation, having an office and place of business at
2437 East Main Street, Plainfield, Indiana 46168 (“Borrower”). </FONT></P>

<BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=3><CENTER>WITNESSETH:</center>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        WHEREAS,
Lender and Borrower are parties to a certain Building Loan Agreement dated
October 29, 1999, filed in <U>Filed Documents Book 00071, Page 4072</U>, on November
22, 1999, Erie County Clerks Office, New York (“Loan Agreement”)
pursuant to which Lender agreed to loan to Borrower an amount not to exceed Five
Million Two Hundred Fifty Thousand Dollars ($5,250,000.00) (“Loan”); </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        WHEREAS,
the Loan is evidenced by a certain Mortgage Note dated October 29, 1999, by
Borrower to Lender (“Note”); </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        WHEREAS,
the Note is secured by a certain Mortgage, Assignment of Rents and Security
Agreement (“Mortgage”) dated October 29, 1999, and recorded in <U>Deed
Libor Book 10960, Page 0779</U>, Clerks Office, Erie County, New York, from Borrower
to Lender (the Loan Agreement, Note, and Mortgage, together with all other
instruments, affidavits, agreements, security agreements, financing statements
and documents executed and delivered in connection therewith, are hereinafter
sometimes referred to collectively as “Loan Documents”); </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        WHEREAS,
the Note matured on April 1, 2002; and</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        WHEREAS,
Borrower now desires Lender to extend the term of the Loan;</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        NOW,
THEREFORE, in consideration of the foregoing promises and the covenants
contained herein, the parties hereto agree as follows: </FONT></P>

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<TD WIDTH=3%> </TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        1.
<U>Liability of Borrower.</U> Borrower hereby ratifies and
reconfirms Borrower’s obligations and all liability to Lender under the
terms and conditions of the Loan Documents, and acknowledges that Borrower has
no defenses to or rights of setoff against Borrower’s obligations and all
liability to Lender thereunder. Borrower hereby further acknowledges that Lender
has performed all of Lender’s obligations under the Loan Documents.
Borrower hereby further acknowledges and agrees that the current principal
amount outstanding under the Note as of the date hereof is Five Million Two
Hundred Fifty Thousand Dollars ($5,250,000.00). </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=3%> </TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        2.
<U>Extension of Term.</U> The Loan Documents are hereby modified
to provide that all principal and other sums payable to Lender thereunder shall
be due and payable on July 1, 2002. During the extension period, interest shall
be due and payable monthly at the rate and upon the terms provided for in the
Note. Borrower shall pay all costs and expenses incurred by Lender in connection
with this Modification, including, without limitation, all title insurance
costs, recording fees and attorney’s fees. </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=3%> </TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        3.
<U>Ratification of Loan Documents.</U> The Loan Documents
are in all respects ratified and confirmed by the parties hereto, including the
warrants of attorney authorizing any attorney at law to appear in any court and
to confess a judgment against Borrower and incorporated by reference herein, and
the Loan Documents and this Modification shall be read, taken and construed as
one and the same instrument. Borrower further acknowledges and agrees that all
security agreements, financing statements, documents, instruments, certificates,
affidavits and other security documents taken as collateral for the Note are
intended to and shall continue to secure the Loan and shall remain in full force
and effect. </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=3%> </TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        4.
<U>Continuation of Mortgage Lien and
Security Interests.</U> This Modification does not constitute the
creation of a new debt or the extinguishment of the debt evidenced by the Note,
nor does it in any manner affect or impair the Mortgage or any security
agreement executed in connection with the Note or applicable to the Note.
Borrower agrees the Mortgage and all other security interests granted by
Borrower to Lender continue to be a valid and existing liens on the property
described in the Mortgage and the Loan Documents. </FONT>
</TD>
</TR>
</TABLE>
<BR>
<PAGE>
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<TD WIDTH=3%> </TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        5.
<U>Jury Waiver.</U> BORROWER AND GUARANTORS HEREBY VOLUNTARILY,
IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN
LENDER, BORROWER AND GUARANTORS, OR ANY ONE OR MORE OF THEM, ARISING OUT OF, IN
CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
BETWEEN BORROWER, GUARANTORS AND LENDER IN CONNECTION WITH THE LOAN DOCUMENTS,
THIS MODIFICATION, OR ANY OTHER AGREEMENT OR DOCUMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS RELATED HERETO. THIS PROVISION IS A
MATERIAL INDUCEMENT TO LENDER TO ENTER INTO THIS MODIFICATION. IT SHALL NOT IN
ANY WAY AFFECT, WAIVE, LIMIT, AMEND OR MODIFY LENDER’S ABILITY TO PURSUE
ITS REMEDIES INCLUDING, BUT NOT LIMITED TO, ANY CONFESSION OF JUDGMENT OR
COGNOVIT PROVISION CONTAINED IN THE LOAN DOCUMENTS, THIS MODIFICATION, THE NOTE,
THE GUARANTY OR ANY OTHER DOCUMENT OR AGREEMENT RELATED HERETO. </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=3%> </TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        6.
<U>No Course of Dealing Waiver.</U> Borrower
expressly acknowledges and agrees that the execution of this Modification shall
not constitute a waiver of, and shall not preclude the exercise of, any right,
power or remedy granted to Lender in any of the Loan Documents, or as provided
by law, except to the extent expressly provided herein. No previous
modification, extension, or compromise entered into with respect to any
indebtedness of Borrower to Lender shall constitute a course of dealing or be
inferred or construed as constituting an express or implied understanding to
enter into any future modification, extension or compromise. No delay on the
part of Lender in exercising any right, power or remedy shall operate as a
waiver thereof or otherwise prejudice Lender’s rights, powers or remedies. </FONT>
</TD>
</TR>
</TABLE>
<BR>
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<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        7.
<U>Governing Law.</U> This Agreement shall be interpreted and
construed in accordance with and governed by the laws of the State of
New York.</FONT>
</TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        IN
WITNESS WHEREOF, the undersigned have caused this Modification to be executed by
their duly authorized representatives as of the day and year first above
written. </FONT></P>

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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>BORROWER:</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>

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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>GALYAN'S TRADING COMPANY, INC.,<BR>
an Indiana corporation</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>


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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:     <U>/S/ C. David Zoba</U><BR>
          C. David Zoba</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>


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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Its:     <U>Executive Vice President</U></FONT></TD>
</TR>
</TABLE>
<BR>
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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>LENDER:</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>


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<TD WIDTH=50%> </TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>KEYBANK NATIONAL ASSOCIATION,<BR>
a national banking association</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>


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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:     <U>/S/ Cheryl A. Bullock</U><BR>
          Cheryl A. Bullock</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>


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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Its:     <U>Closing Officer</U></FONT></TD>
</TR>
</TABLE>