SECOND AMENDED AND RESTATED CREDIT AGREEMENT
THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as
of March 1, 2009, by and between LACROSSE FOOTWEAR, INC., a Wisconsin corporation (“Borrower”),
and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
Borrower has requested that Bank extend or continue credit to Borrower as described below, and Bank has
agreed to provide such credit to Borrower on the terms and conditions contained herein.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Bank and Borrower hereby agree as follows:
SECTION 1.1. LINE OF CREDIT.
(a) Line of Credit . Subject to the terms and conditions of this Agreement, Bank hereby agrees to make
advances to Borrower from time to time under a revolving line of credit (“ Line of Credit ”) up to and including
June 30, 2012, not to exceed (i) at any time (other than during each Reduction Period, as defined below), the
aggregate principal amount of Thirty Million Dollars ($30,000,000.00), and (ii) from and including each January 1
to and including each May 31 (with each such period referred to as a “ Reduction Period ”), the aggregate
principal amount of Seventeen Million Five Hundred Thousand Dollars ($17,500,000.00), the proceeds of which
shall be used to finance the working capital requirements of Borrower and Danner, Inc., a Wisconsin corporation
(“ Danner ”) including transactions that are authorized herein. Borrower’s obligation to repay advances under the
Line of Credit shall be evidenced by a promissory note dated as of March 1, 2009 in the form attached hereto as
Exhibit A (“ Line of Credit Note ”), all terms of which are incorporated herein by this reference. Bank represents
and warrants to Borrower that Bank has not assigned, endorsed or transferred the promissory note dated as of
$30,000,000.00 dated as of October 1, 2005 or the promissory note dated as of $30