Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.24    
    

 
 

Integration Bonus Plan    
    

        Integration Bonus Plan adopted August 5, 2003 by the Compensation Committee of the Board of Directors of Registrant providing for one-half of
the annual bonus payout based on the previous year's bonus formulas and assuming that 100% of the target goals had been met. This bonus was paid to former Gart Sports Company employees. 

QuickLinks

Exhibit 10.24

Integration Bonus PlanQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.25    
    

	

 	 	2003 EXECUTIVE INCENTIVE PLAN

        This
document contains the terms and conditions of the Fiscal Year 2003 Executive Incentive Plan (hereinafter called the "Plan") of The Sports Authority (hereinafter called the
"Company") effective February 2, 2003. 

I.     Objectives  

        The objectives of the Executive Incentive Plan are to: 

	A.
	improve
Company and individual performance through annual financial incentives which provide rewards to executives whose activities significantly affect the Company's growth and
profitability;

	B.
	support
the Company's planning efforts and encourage cooperation and group effort towards the attainment of business goals;

	C.
	help
attract and retain outstanding executives. 

II.    Eligibility  

        Eligibility under the Plan is limited to Executives as approved annually by the Chief Executive Officer of the Company and the Board of Directors. The following
positions are eligible under the 2003 Executive Incentive Plan: 

Chairman &
CEO

President & Chief Merchandising Officer

Vice Chairman & Chief Administrative Officer

Executive Vice President—Store Operations 

See
Section VI "Administration" for further eligibility information. 

Total Incentive Target Opportunities  

        All amounts are expressed as a percentage of assigned salary grade midpoint for FY2003. 

	Grade
 
	 	Target %
	 
	76	 	50	%
	77	 	55	%
	79	 	70	%

III.  Performance Criteria  

        The performance criteria used under the Plan for determining annual incentive awards will be based on corporate measures as approved by the Board of Directors.
Performance Criteria and their weighting for the Plan are: 

	Performance Criteria
 
	 	Weight
	 
	Actual pre-tax Earnings per Share (EPS) for Fiscal Year 2003 vs. Budgeted pre-tax EPS Fiscal Year 2003	 	80	%
	Actual Comp Sales for Fiscal 2003 vs. Budgeted Comp Sales for Fiscal 2003	 	10	%
	(Shrink)	 	10	%

        A
matrix displaying the target, as well as the minimum and maximum attainment as a percentage of the target, is included as Appendix 1.

 

        For the Plan to be funded the Company must achieve the EPS Threshold.

IV.    Determination of Awards  

        After the close of the fiscal business plan year a determination of awards will be made. 

V. Payment of Awards  

        Awards will be paid as soon as practical following the end of the fiscal business year. Incentive payments will be made through payroll, less legally required and
voluntary deductions. 

VI.   Administration  

	A.
	Newly
eligible participants will receive pro-rated payments, based on full months of participation. Participants transferring to an ineligible position within The Sports
Authority may be considered for a pro-rata award for that portion of the year in which he or she was functioning in an eligible position for the incentive award.

	B.
	A
participant's 2003 annual performance rating must be above 2.50 to be eligible for the Plan.

	C.
	The
Participant must be an active employee of The Sports Authority on the date on which incentive payments are made, and not have given notice of intention to resign from The Sports
Authority, to be eligible to receive payment.

	D.
	A
participant whose employment with the Company is terminated due to retirement, permanent disability or death will be eligible for a pro-rated share, based on the full
weeks worked in the fiscal year in which such termination occurred. Such payment will be calculated and paid at the same time as all other payments under the Plan are calculated and paid.

	E.
	A
participant whose employment is terminated for any reason other than retirement, permanent disability or death will not be eligible for an incentive award for the fiscal year in
which his/her service is terminated. Additionally, such terminating employee will not be eligible for payment of an incentive award for any prior fiscal year when notice of termination is given by the
employee prior to such time as awards for that prior year are paid. In the case of death, the payment will be made to the participant's estate.

	F.
	Time
in Position, expressed in full weeks, will be used to prorate payments of newly eligible/hired employees. Plan calculations will be done based on Time in Position report generated
from the Payroll/HR system. Changes to these calculations will be made only in exceptional circumstances, when it can be demonstrated that there is a bona fide reason the system is incorrect. Appeals
of calculations can be addressed to the Senior Vice President, Human Resources.

	G.
	Leaves
of Absence

	

	An
eligible employee who is on a Company approve leave of absence longer than 4 weeks during the Plan Year will be eligible for an incentive on a
pro-rata basis based on the number of full weeks worked in the incentive eligible position.

	H.
	Participation
in the Plan does not in any way represent an explicit or implied right to receive an incentive award payment pursuant to the terms of the Plan.

	I.
	Incentive
Award payments are based on the sole discretion of the Compensation Committee of the Board and may be increased, reduced or canceled based on the recommendation of the Chief
Executive Officer.

	J.
	No
participant has any right to an incentive award payment until such payment has been authorized by the Compensation Committee of the Board. 

 

	K.
	Incentive
award payments will be computed on the basis of the Company's financial statements prepared in accordance with acceptable accounting practices. Financial statements and
resulting incentive award payments will be subject to audit by the Company's certified public accountants.

	L.
	The
Compensation Committee of the Board shall have full power and final authority to construe, interpret and administer the Plan and determine all questions as to the status and rights
of participants under the Plan.

	M.
	The
Board of Directors of the Company and its committees and management are not liable for any action taken or omitted under the Plan because of their reliance on financial statements
and computations.

	N.
	No
benefit payable under the Plan shall be subject in any manner to assignment, sale, transfer, pledge, garnishment, attachment, execution, sequestration, levy or any other legal or
equitable encumbrance or process of any kind, and any attempt to do so shall be void and of no force or effect.

	O.
	Participation
in the plan does not alter the nature of the participant's employment relationship nor does it represent an employment contract.

	P.
	The
Chief Executive Officer of the Company may award discretionary incentive awards. 

VII. Amendments and Termination  

        The Board of Directors may at any time, or from time to time, amend, suspend or terminate the Plan, including the current Plan year, with or without prior notice. 

VIII.     Definitions  

        As used in the Plan, the terms below shall have the following meanings ascribed to them: 

	A.
	"Award"
and "Incentive Award" shall mean a payment made to a Participant pursuant to Plan provisions contingent upon or measured by the attainment of the specified performance
objective.

	B.
	"Board"
shall mean the Board of Directors of The Sports Authority, Inc.

	C.
	"Company"
shall mean The Sports Authority, Inc., or any successor company or subsidiary company designated by the Board for which employees could be included in the Plan.

	D.
	"Disability"
shall mean permanent disability as determined by the Compensation Committee in accordance with standards and procedures similar to those under The Sports Authority's
long-term disability plan.

	E.
	"Participant"
shall mean an employee of the Company, who is granted an award under the plan.

	F.
	"Retirement"
shall mean the voluntary termination of employment by an employee at or after the age of 65 for reasons other than the violation of company policy or unsatisfactory
performance. 

        APPENDIX 1    2003 Executive Incentive Plan Criteria Targets and Weighting 

 

        ACKNOWLEDGEMENT FORM

        I
acknowledge that I have received a copy of the Fiscal Year 2003 Executive Incentive Plan and that I am expected to read and understand its content. I understand that participation in
this Plan does not change the "at-will" nature of my employment with The Sports Authority and is not a guarantee that any payment will be made to me under the plan. I also understand that
if I fail to meet the eligibility requirements and conditions specified in the Executive Incentive Plan I will not receive an incentive plan payout. 

	

	Signature	 	Date            
	

	Print Name	 	Social Security #        

Please
return this form to Corporate Human Resources. Thank you. 

QuickLinks

Exhibit 10.25QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.33.1    
    

 
 

FIRST AMENDMENT TO
  AMENDED AND RESTATED LICENSE AGREEMENT    
    

        THIS FIRST AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT ("Amendment") is made and entered into as of the
            2            day of April, 2004 (the "Effective Date") by and between TSA STORES, INC., a corporation organized
and existing under the laws of the State of Delaware, United
States of America ("U.S.A.") with its principal place of business at 1050 W. Hampden Avenue, Englewood, Colorado 80110, U.S.A. (formerly The Sports Authority, Inc.) and THE SPORTS AUTHORITY
MICHIGAN, INC. a corporation organized and existing under the laws of the State of Michigan with its principal place of business at 1050 W. Hampden Avenue, Englewood, Colorado 80110, U.S.A.
(collectively, "Licensor"), and MEGA SPORTS CO., LTD., a corporation organized and existing under the laws of Japan, with its principal office at 1-36-5, Nihonbashi
Kakigara-cho, Chuo-ku, Tokyo, 103-0014 Japan ("Licensee"). 

        WHEREAS,
Licensor and Licensee entered into a certain Amended and Restated License Agreement effective March 26, 1999 concerning
Licensee's use of the "Licensed Property" in connection with the "TSA Stores" in the "Territory," as such terms are defined therein (the "Original
Agreement"); 

        WHEREAS,
Licensor and Licensee entered into a certain Internet Supplement to Amended and Restated License Agreement effective
December 20, 1999 to permit Licensee to use the certain aspects of the Licensed Property in a limited fashion on the Internet; and 

        WHEREAS,
Licensor and Licensee wish to terminate the Internet Supplement to Amended and Restated License Agreement and to amend certain
terms of the Original Agreement as of the Effective Date; 

        NOW,
THEREFORE, in consideration of the mutual promises, undertakings and covenants herein, and for other valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows: 

ARTICLE I

DEFINITIONS  

        The following defined terms shall have the meanings set forth below. In any conflict between a definition in this  Amendment and a
definition in the Original Agreement, the definition that appears herein shall govern.
 

	1.1
	"Agreement"
when used by itself, shall mean the Original Agreement,as modified by this  Amendment.

	1.2
	"Customer"
or "Customers" shall mean any individual person, consumer, organization, business or other entity situated located in Japan, that accesses, purchases, obtains or otherwise
receives any merchandise, services or information furnished by Licensee from the TSA Stores as permitted hereunder.

	1.3
	"E-Commerce
Business" shall mean the business of creating, developing, operating, advertising and promoting the Sportsauthority.co.jp Site, including, without limitation,
the solicitation and fulfillment of E-Commerce Orders, as further set forth herein.

	1.4
	"E-Commerce
Orders" shall mean any orders placed by any Customer for any merchandise or services offered and/or sold by Licensee directly or indirectly on, by or through
the Sportsauthority.co.jp Site.

	1.5
	"Internet"
shall mean a global network of interconnected computer networks, each using the TCP/IP (Transmission Control Protocol/Internet Protocol), WAP (Wireless Application
Protocol), and/or such other standard network interconnection protocols as may be adopted from time to time, which is used to transmit content that is directly or indirectly delivered to a computer,
telephone 

 

or
other digital electronic device for display to an end-user, whether such content is delivered through online browsers, offline browsers, or through "push" technology, electronic mail,
broadband distribution, satellite, wireless, telephone connection or other successor technologies or means. "Internet" shall also mean online services such as AOL, CompuServe, Prodigy and the like. 

	1.6
	"Licensed
Property" shall mean the Marks, Technology and, subject to Article 2.2 of this Amendment, the TSA Content.

	1.7
	"Materials"
shall mean the TSA Content, Web pages, Web banners, buttons and links, Web page source code and tags, exterior and interior signs, flags, banners, packaging,
labels, print, electronic and broadcast advertising and promotional media, manuals, brochures, flyers, posters, sales literature, business forms, gift certificates, credit cards, debit cards,
membership or consumer loyalty program cards, stationery, employee uniforms, badges, store bags and boxes, baskets, trolleys and carts, sales receipts and charge slips, tickets and tags, and the like,
bearing any of the Marks and used on or in connection with the Products or Services or the TSA Stores, the TSA Ltd. Departments, and/or the Sportsauthority.co.jp Site.

	1.8
	"Party"
shall mean Licensor or Licensee; "Parties" shall mean all of them.

	1.9
	"Royalties"
shall mean the following (except with respect to Gross Sales from the TSA Ltd. Departments): 

	Period
 
	 	Royalty Rate

	In Fiscal Year 2003	 	ONE and TWO TENTHS of ONE PERCENT (1.2%) of any and all Gross Sales.
	In Fiscal Year 2004	 	ONE and ONE TENTH of ONE PERCENT (1.1%) of any and all Gross Sales.
	In Fiscal Year 2005	 	ONE PERCENT (1.0%) of any and all Gross Sales.
	In Fiscal Year 2006	 	NINE TENTHS of ONE PERCENT (0.9%) of any and all Gross Sales.
	In Fiscal Year 2007	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2008	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2009	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2010	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2011	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2012	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2013	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In Fiscal Year 2014	 	EIGHT TENTHS of ONE PERCENT (0.8%) of any and all Gross Sales.
	In each subsequent Fiscal Year during the Term and any Renewal Term	 	To be negotiated; provided, however, that it shall not exceed FIVE TENTHS of ONE PERCENT (0.5%) of any and all Gross Sales.

 

        With
respect to Gross Sales from the TSA Ltd. Departments, "Royalties" shall mean with respect to Fiscal Years from 2003 to 2014 (both inclusive) FIVE TENTHS of ONE PERCENT (0.5%)
of any and all Gross Sales and with respect to each subsequent Fiscal Year during the Term and any Renewal Term the Royalties shall be negotiated provided, however, that it shall not exceed FIVE
TENTHS of ONE PERCENT (0.5%) of any and all Gross Sales. 

	1.10
	"Sportsauthority.co.jp
Site" shall mean that certain Internet Web site currently accessible through the URL (as defined below), and any necessary backup or mirror Internet site.

	1.11
	"Territory"
shall mean Japan.

	1.12
	"Term"
shall mean the period commencing with the Effective Date and continuing approximately eleven (11) years through January 31, 2015 unless this Agreement is
otherwise renewed or earlier terminated as provided below.

	1.13
	"TSA
Content" shall mean any text, graphics, photographs, video, audio and/or other data or information relating to any subject furnished by Licensor to Licensee and used in
connection with the Sportsauthority.co.jp Site, which may be furnished by Licensor to Licensee for use in the E-Commerce Business, subject to the terms of this  Amendment and the Original Agreement.

	1.14
	"TSA Ltd.
Departments" shall mean any sporting goods department or area within any JUSCO store, that is operated by Licensee and is signed, advertised or promoted under or in
connection with the Marks or Materials, and devoted in whole or in part to the advertising, promotion or sale of any Products and/or an assortment of sporting goods and equipment, footwear and
apparel, and/or to provision of the Services.

	1.15
	"TSA
Stores" shall mean: (a) any sporting goods retail outlet established and/or operated by Licensee in the Territory devoted to the sale of an assortment of sporting goods
and equipment, footwear and apparel, and/or to provision of the Services; (b) the Sportsauthority.co.jp Site, and the E-Commerce Business operated in connection with the same; and
(c) the TSA Ltd. Departments as operated by Licensee as permitted hereunder.

	1.16
	"URL"
shall mean the uniform resource locator of the Sportsauthority.co.jp Site on the Internet, and any replacement uniform resource locator registered by Licensee as
provided hereunder.

	1.17
	"Web"
or "web" shall mean the World Wide Web, a network protocol for accessing and viewing text, graphics, sound and other media and engaging in e-commerce via the
Internet. 

        Additional
defined terms that are used herein but not defined above are set forth in the Original Agreement. 

ARTICLE II

TRADEMARK AND SERVICE MARK LICENSE  

	2.1
	Article 2.1
of the Original Agreement is deleted in its entirety and replaced by the following provision:

	2.1
	Grant of License. Subject to the terms and conditions set forth in this Agreement, Licensor hereby grants to Licensee, for the Term and
any Renewal Term only, and Licensee accepts from Licensor, upon the terms and conditions specified herein, the exclusive (except as set forth in Articles 2.3 (d) and subject to (e) and
(f) of the Original Agreement as modified by the Amendment), nontransferable right and license in
the Territory only, to use the Marks on and in connection with the Products, Materials and Services furnished in or in connection with the TSA Stores if, and only if, such Products, Materials and
Services comply with the quality standards set forth herein and those approved and issued by Licensor from time to time. The scope of the license granted in the Original
Agreement is hereby enlarged to permit Licensee 

 

to
conduct the E-Commerce Business, and to permit Licensee to advertise, promote and operate the TSA Ltd. Departments. Further, this license includes the temporary right for
Licensee to register the URL in its own name as permitted herein; otherwise, Licensee is prohibited from using the Marks or any name or mark confusingly similar to the Marks, including any
abbreviations of the Marks, as part of its registered corporate or business name, or as part of any Internet domain name. No other, further or different license is granted or implied and no assignment
of any right or interest is made or intended herein. In particular, no license is granted to permit any third party to use the Marks, and Licensee may only use the Marks on or in connection with
Products, Materials and Services subject to the terms and conditions of this Agreement. Licensor shall monitor and control the nature and quality of the Products, Materials and Services, and Licensor
may appoint one or more representatives to monitor and exercise such control on Licensor's behalf. Such monitoring shall in no way lessen or limit Licensee's obligation to use the Marks only as set
forth herein. 

	2.2
	Article 2.3(d) of
the Original Agreement is deleted in its entirety and replaced by the following provisions: 

        (d)   The TSA Content. From time to time Licensee may request the right to use, reproduce or create derivative works from
certain TSA Content for use and display on the Sportsauthority.co.jp Site. Licensee shall make such requests in writing to Licensor, describing the desired TSA Content and its intended transformation
(if any) and use. Licensor shall use commercially reasonable efforts to respond to such requests promptly. If Licensor grants permission to use, reproduce or create derivative works from the subject
TSA Content, it shall do so in writing, and such permission shall be subject to the terms and conditions set forth in this Amendment as well as in the  Original
Agreement. In particular, with respect to such approved TSA Content, Licensor hereby grants to Licensee, for the Term and any Renewal Term
only, and Licensee accepts from Licensor, upon the terms and conditions specified herein and in the Original Agreement, the
non-transferable, non-exclusive right and license in the Territory only, to use certain approved TSA Content solely in connection with the Sportsauthority.co.jp Site if, and
only if, such use complies with the restrictions set forth herein.
Licensor may monitor and control the nature and quality of Licensee's use of the TSA Content, and Licensor may appoint one or more representatives to monitor and exercise such control on Licensor's
behalf. Such monitoring shall in no way lessen or limit Licensee's obligation to use the TSA Content only as set forth herein. No other, further or different license is granted or implied and no
assignment of any right or interest is made or intended herein. In particular, no license is granted to sublicense or otherwise permit any third party to use the TSA Content. All derivative works
created from the TSA Content shall be the exclusive property of Licensor. 

        (e)   Nothing
contained herein shall prevent or restrict Licensor or third parties licensed by Licensor from using the Marks or the TSA Content to offer, sell, furnish or
deliver goods or services via the Internet, including to any Customer, consumer, business or other entity situated in Japan, so long as the Japan portion of such sales is a minor portion of the
subject enterprise's overall sales volume, and the targeting of any consumer or business or other entities located in Japan is not a principal or primary objective of any such enterprise. 

        (f)    Licensee
shall use the Sportsauthority.co.jp Site to target only Customers within the Territory. Licensee shall primarily use the Japanese language in all of the
Sportsauthority.co.jp Site's Web pages, and use only communications systems and servers located within the Territory to host and mirror the Sportsauthority.co.jp Site. E-Commerce Orders
may be delivered to Customers only within the Territory.

 

        (g)   Licensee
and Licensor shall negotiate and cooperate in good faith to establish hyperlinks between the Sportsauthority.co.jp Site and Licensor's existing Internet
e-commerce enterprise located at the URL http://www.sportsauthority.com. 

        (h)   Any
copyright which may exist or be created in any TSA Content provided by Licensor hereunder including, without limitation, any sketch, design, drawing, print,
advertisement, sign, jingle, musical composition, packaging, label, tag or the like designed or approved by Licensor, shall be the exclusive property of Licensor. Licensee shall not, at any time, do
or suffer to be done any act or thing which may adversely affect any rights of Licensor in such TSA Content, including, without limitation, disclosing such information or filing any application in
Licensee's name to record any claims to copyrights in TSA Content, and Licensee shall do all things reasonably required by Licensor to preserve and protect such rights, including, without limitation,
placing Licensor's copyright notice on all TSA Content and any derivative works. 

        (i)    Prohibitions. The Sportsauthority.co.jp Site shall not engage in directly or indirectly, permit or be associated (through
links or otherwise) with gambling activities, and shall not depict or be associated with nudity, sexually explicit conduct or pornography, graphic violence or abusive behavior. Further,
Licensee shall not advertise or promote the Sportsauthority.co.jp Site (through links or otherwise) in any way associated, or thought to be associated, with any illegal, vulgar, obscene, immoral,
unsavory or offensive activities, nor cause material embarrassment to be suffered by Licensor by reason of acts or omissions of Licensee which are illegal, immoral or scandalous. 

ARTICLE III

OTHER AMENDMENTS  

	3.1
	The
Internet Supplement to Amended and Restated License Agreement is terminated as of the Effective Date.

	3.2
	All
references to "Canada" that appear in the Original Agreement are deleted in their entirety.

	3.3
	Article 4.1
of the Original Agreement is deleted in its entirety and replaced by the following provision:

	4.1
	Payments. 

        (a)   Beginning
with the Effective Date, during the initial Term and any Renewal Term, and if applicable, after termination of the Agreement to the extent any amounts are
accrued and unpaid, Licensee shall pay the Royalties to Licensor in the manner and at the times specified below. 

        (b)   The
Royalties may be only amended by mutual written agreement of the Parties. Beginning in Fiscal Year 2015, the Royalties shall be determined through the Parties' good
faith negotiations provided that in no event shall the Royalties exceed five tenths of one percent (.5%) of Gross Sales in a given Fiscal Year. Further, without limiting the foregoing, if at any time
during the initial Term and any Renewal Term, after two (2) consecutive Fiscal Years in which Licensee has suffered an annual net operating loss by a margin greater than the applicable
Royalties due and paid by Licensee for the two (2) subject Fiscal Years, and provided that such loss is due solely to Licensee's obligation to pay such Royalties, then upon request from
Licensee, Licensor agrees to confer and negotiate in good faith with Licensee regarding a reduction in the Royalties for the purpose of improving Licensee's financial performance in the subsequent
Fiscal Year or Fiscal Years. With any such request, Licensee shall furnish audited financial statements and a pro forma financial analysis based solely on the business of operating the TSA Stores as
permitted hereunder. Licensor may request and

 
Licensee shall furnish any additional information reasonably necessary to evaluate such request. 

	3.4
	Article 4.8(a) of
the Original Agreement is deleted in its entirety and replaced by the following provision: 

        (a)   Term; Renewal Term. Unless this Agreement is otherwise terminated by Licensor as provided in this Agreement, and provided
Licensee is in full compliance with its duties and obligations hereunder, the initial Term of this Agreement shall be extended automatically at the expiration of the initial Term for a first "Renewal
Term" unless Licensee gives Licensor written notice of termination between February 1, 2014 and July 31, 2014. The first Renewal Term shall commence on February 1, 2015 and
continue until January 31, 2025, unless terminated earlier in accordance with the terms and conditions hereof. Subject to the same conditions, the initial Renewal Term shall be extended
automatically upon its expiration for a second Renewal Term unless written notice of non-renewal is furnished to Licensor between February 1 and July 31 of the tenth year of
the first Renewal Term. The Second Renewal Term shall commence on February 1, 2025 and continue until January 31, 2035, unless terminated earlier in accordance with the terms and
conditions hereof. Subject to the same conditions, the second Renewal Term shall be extended automatically upon its expiration for successive five year Renewal Terms unless written notice of
non-renewal is furnished to Licensor between February 1 and July 31 preceding the final year of the current Renewal Term. All renewals shall be upon the same terms and
conditions as set forth in this Agreement, except as otherwise agreed to in writing by authorized officers of the Parties. If this Agreement remains in effect in 2040, the Parties agree to negotiate
in good faith that year in order to conclude and execute an updated version of this Agreement, one reasonably adapted to current circumstances, market conditions, and the like. 

	3.5
	Articles
4.8(e) and 4.8(h) of the Original Agreement are deleted in their entirety.

	3.6
	Article 4.10(a) of
the Original Agreement is deleted in its entirety and replaced by the following provision:

	4.10
	Notices.

	(a)
	Any
notice or request with respect to this Agreement shall be made personally, by registered mail, by airborne express courier, or by confirmed facsimile and shall be directed by each
Party to the other at its respective address as follows: 

If to Licensee, to:

Mega
Sports Co., Ltd.

1-36-5, Nihonbashi Kakigara-cho

Chuo-ku, Tokyo 103-0014, JAPAN

Tel: 011-81-3-5644-5716

Fax: 011-81-3-5644-3669

Attention: Chief Operating Officer 

With copy to:

AEON
Co., Ltd.

1-5-1, Nakase, Mihama-ku

Chiba-shi, Chiba-ken, 261, Japan

Tel: 011 81 (043) 212-6098

Fax: 011 81 (043) 212-6813

Attention: General Manager of International Business Department

 

If to Licensor, to:

The
Sports Authority Michigan, Inc.

TSA Stores, Inc.

1050 W. Hampden Avenue

Englewood, Colorado 80110 U.S.A.

Tel: 1 (303) 863-2205

Fax: 1 (720) 475-2721

Attention: Executive Vice President and General Counsel 

	3.7
	Article IV
of the Original Agreement is amended by adding the following new provision:

	4.22
	Merchandising Assistance. Upon request from Licensee, Licensor shall use commercially reasonable efforts to assist Licensee in
obtaining certain highly desirable (or otherwise unavailable or difficult to obtain in Japan) lines of U.S. merchandise from among those sold in Licensor's SPORTS AUTHORITY stores in the U.S.A., under
comparable terms and conditions as those between Licensor and its suppliers, taking into consideration conditions in Japan such as the products available in Japan, distribution systems in Japan,
competitive circumstances, any conditions imposed upon the sale of the products in Japan and transportation and other additional charges which must be added to the cost of the products. Such
assistance may include procuring import merchandise bearing trademarks owned by Licensor. To facilitate such efforts, both Licensor and Licensee shall hold strategic meetings together to decide on the
best and appropriate commercial means to accomplish the intent of this Section 4.22.

	3.8
	All
rights and obligations of Licensee under the Original Agreement are extended and shall apply to Licensee as expressly set forth
herein. In any conflict between the terms of this Amendment and the Original Agreement, the terms of
this Amendment shall govern. Except as set forth herein, the Original Agreement remains in full force
and effect and unmodified. 

        IN
WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized representatives as of the Effective
Date. 

	

TSA STORES, INC.	
 	

THE SPORTS AUTHORITY MICHIGAN, INC.
	

By:	
 	

	
 	

By:	
 	

	

Title:	
 	

	
 	

Title:	
 	

	

MEGA SPORTS CO., LTD.	
 	

 	
 	

 
	

By:	
 	

	
 	

 	
 	

 
	

Title:	
 	

	
 	

 	
 	

 

QuickLinks

Exhibit 10.33.1

FIRST AMENDMENT TO AMENDED AND RESTATED LICENSE AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]