Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - LACROSSE FOOTWEAR INC | v55126e10vk.htm |
| EX-21.1 - EX-21.1 - LACROSSE FOOTWEAR INC | v55126exv21w1.htm |
| EX-32.1 - EX-32.1 - LACROSSE FOOTWEAR INC | v55126exv32w1.htm |
| EX-31.2 - EX-31.2 - LACROSSE FOOTWEAR INC | v55126exv31w2.htm |
| EX-31.1 - EX-31.1 - LACROSSE FOOTWEAR INC | v55126exv31w1.htm |
| EX-23.1 - EX-23.1 - LACROSSE FOOTWEAR INC | v55126exv23w1.htm |
| EX-10.15 - EX-10.15 - LACROSSE FOOTWEAR INC | v55126exv10w15.htm |
| EX-10.29 - EX-10.29 - LACROSSE FOOTWEAR INC | v55126exv10w29.htm |
| EX-10.30 - EX-10.30 - LACROSSE FOOTWEAR INC | v55126exv10w30.htm |
| EX-10.28 - EX-10.28 - LACROSSE FOOTWEAR INC | v55126exv10w28.htm |
| EX-32.2 - EX-32.2 - LACROSSE FOOTWEAR INC | v55126exv32w2.htm |
EXHIBIT 10.31
SECOND AMENDMENT TO SECURITY AGREEMENT
THIS SECOND AMENDMENT TO THIRD PARTY SECURITY AGREEMENT (this “Amendment”) is entered into as
of January 26, 2010, by and between DANNER, INC., a Wisconsin corporation (“Grantor”) and WELLS
FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
RECITALS
WHEREAS, Grantor is the grantor of a Third Party Security Agreement granted in favor of Bank
dated as of April 15, 2004 (as amended, the “Security Agreement”).
WHEREAS, Grantor is currently indebted to Bank pursuant to the terms and conditions of that
certain Second Amended and Restated Credit Agreement between Grantor and Bank dated as of March 1,
2009, as amended from time to time, which is the “Credit Agreement” as that term is used in the
Security Agreement.
WHEREAS, Bank and Grantor have agreed to certain changes in the terms and conditions set forth
in the Security Agreement and have agreed to amend the Security Agreement to reflect said changes.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
| 1. | The final two paragraphs of the Security Agreement are hereby amended to read as follows in their entirety: | |
| Debtor warrants that the address of its chief executive office is 17634 NE Airport Way, Portland OR 97230, or such other address of which the Debtor notifies the Bank from time to time. | ||
| Debtor warrants that the tangible Collateral (except goods in transit or in possession of repairmen) is or will be located or domiciled at the following additional addresses: 12021 NE Airport Way, Suite B, Portland, OR 97220 (this location is in preparation); 18201 NE Portal Way, Portland, OR 97230 (this location is in preparation); 12722 NE Airport Way, Portland, OR 97230; 5352 Performance Way, Whitestown, IN 46075; and 17634 NE Airport Way, Portland, OR 97230. Debtor sells inventory in the ordinary course of business to LaCrosse Denmark, which stores it at Niels Ebbesens Vej 19 DK-1911 Frederiksberg, Denmark or at Scan Global Logistics, True Mollevej 1,8381 Tilst, Denmark, or in transit, and which ships inventory under customary sale and shipping terms to its customers, and to vendors as samples, and which disposes of defective or out of date inventory in the ordinary course of business. |
2. In all other respects, the Security Agreement, as amended by the First Amendment to Third Party
Security Agreement between the parties hereto dated as of March 1, 2009, remains in full force and
effect.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day
and year first written above.
DANNER, INC.
| By: | /s/ Joseph P. Schneider | |||
| Joseph P. Schneider | ||||
| President/Chief Executive Officer | ||||
| By: | /s/ David P. Carlson | |||
| David P. Carlson | ||||
| Executive Vice President/Chief Financial Officer/Secretary | ||||
WELLS FARGO BANK,
NATIONAL ASSOCIATION
NATIONAL ASSOCIATION
| By: | /s/ James R. Bednark | |||
| James R. Bednark | ||||
| Senior Vice President | ||||
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