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Exhibit 10.1

Execution Copy

SECOND AMENDMENT TO SECOND AMENDED AND RESTATED
CREDIT AGREEMENT

This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), made and entered into as of December 11th, 2009, is among Cabela’s
Incorporated, a Delaware corporation, Van Dyke’s Restorers, Inc. (formerly Van
Dyke Supply Company, Inc.), a South Dakota corporation, Cabela’s Ventures, Inc.,
a Nebraska corporation, Cabela’s Outdoor Adventures, Inc., a Nebraska
corporation, Cabela’s Wholesale, Inc., a Nebraska corporation (for itself and as
successor in interest to Cabela’s Catalog, Inc., Cabela’s Retail, Inc. and
Cabelas.com, Inc.), Cabela’s Marketing and Brand Management, Inc., a Nebraska
corporation, WW Acquisition Company, LLC (formerly Wild Wings, LLC), a Minnesota
limited liability company, Cabela’s Retail LA, LLC, a Nebraska limited liability
company, Cabela’s Trophy Properties, LLC, a Nebraska limited liability company,
Original Creations, LLC, a Minnesota limited liability company, Cabela’s Retail
TX, L.P., a Nebraska limited partnership, Cabela’s Retail GP, LLC, a Nebraska
limited liability company, CRLP, LLC, a Nebraska limited liability company,
Legacy Trading Company, a South Dakota corporation, Cabela’s Retail MO, LLC, a
Nebraska limited liability company and Cabela’s Retail IL, Inc., an Illinois
corporation (individually, a “Borrower” and, collectively, the “Borrowers”), the
banks which are signatories to the Credit Agreement (as defined below)
(individually, a “Bank” and, collectively, the “Banks”), and U.S. Bank National
Association, one of the Banks, as agent for the Banks (in such capacity, the
“Agent”).

RECITALS

1.           The Borrowers, the Banks and the Agent entered into a Second
Amended and Restated Credit Agreement dated as of July 15, 2005, as amended by a
First Amendment to Second Amended and Restated Credit Agreement dated as of
August 15, 2007 (as the same may  be amended, restated, or modified from time to
time, the “Credit Agreement”); and

2.           The Borrowers desire to amend certain provisions of the Credit
Agreement, and the Banks have agreed to make such amendments, subject to the
terms and conditions set forth in this Amendment.

AGREEMENT

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto hereby covenant and agree to
be bound as follows:

Section 1.   Capitalized Terms.  Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned to them in the Credit Agreement,
unless the context shall otherwise require.

 
 

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1.1           Amendments.  Section 6.11(k) of the Credit Agreement is amended to
read in its entirety as follows:

(k)           Contributions of capital by any Borrower or any Subsidiary to WFB
(i) in an amount not to exceed $25,000,000 in any fiscal year plus (ii) in an
amount not to exceed $225,000,000 in calendar year 2010 if any capital
contribution is required due to changes in GAAP and regulatory requirements for
WFB to remain well capitalized in accordance with the capital guidelines and
ratios set forth by the  Federal Deposit Insurance Corporation.

Section 2.   Effectiveness of Amendments.  The amendments contained in this
Amendment shall become effective (the “Effective Date”) upon delivery by the
Borrowers of, and compliance by the Borrowers with, the following:

2.1           This Amendment, duly executed by the Borrowers.

2.2           A certificate executed by an officer or designated representative
of a partner of each Borrower (i) certifying that, except as set forth in the
certificate attached as Exhibit A, there has been no amendment to the Articles
of Incorporation and Bylaws or Operating Agreement, as applicable, of such
Borrower since true and accurate copies of the same were delivered to the Banks
with a certificate of a properly designated representative of such Borrower
dated July 15, 2005, February 22, 2006 or June 15, 2007, as applicable, (ii)
certifying that the resolutions previously delivered to the Banks with a
certificate of a properly designated representative of such Borrower dated July
15, 2005, February 22, 2006 or June 15, 2007, as applicable, are still
effective, and (iii) certifying that the individual signing the certificate is
authorized to execute this Amendment and any other instrument or agreement
executed by such Borrower in connection with this Amendment  (collectively, the
“Amendment Documents”), all in a form as set forth on Exhibit A hereto.

2.3           Certified copies of all documents evidencing any necessary
corporate action, consent or governmental or regulatory approval (if any) with
respect to this Amendment.

2.4           The Administrative Agent shall have received the fees set forth in
the separate letter agreement dated as of the date hereof between the
Administrative Agent and the Borrowers’ Agent.

2.5           The Administrative Agent shall have received a closing fee equal
to 0.50% of the Revolving Commitment Amount, as of the Effective Date, of each
Bank which executes this Amendment.

 
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2.6           The Borrowers shall have satisfied such other conditions as
specified by the Agent, including payment of all unpaid legal fees and expenses
incurred by the Agent through the date of this Amendment in connection with the
Credit Agreement and the Amendment Documents.

Section 3.   Representations, Warranties, Authority, No Adverse Claim.

3.1           Reassertion of Representations and Warranties, No Default.  Each
Borrower hereby represents that on and as of the date hereof and after giving
effect to this Amendment (a) all of the representations and warranties contained
in the Credit Agreement are true, correct and complete in all respects as of the
date hereof as though made on and as of such date, except for changes permitted
by the terms of the Credit Agreement, and (b) there will exist no Default or
Event of Default under the Credit Agreement as amended by this Amendment on such
date which has not been waived by the Banks.

3.2           Authority, No Conflict, No Consent Required.  Each Borrower
represents and warrants that such Borrower has the power and legal right and
authority to enter into the Amendment Documents and has duly authorized as
appropriate the execution and delivery of the Amendment Documents and other
agreements and documents executed and delivered by such Borrower in connection
herewith or therewith by proper corporate action, and none of the Amendment
Documents nor the agreements contained herein or therein contravenes or
constitutes a default under any agreement, instrument or indenture to which such
Borrower is a party or a signatory or a provision of the Borrower’s Articles of
Incorporation, Bylaws, Operating Agreement, or any other agreement or
requirement of law, or result in the imposition of any Lien on any of its
property under any agreement binding on or applicable to such Borrower or any of
its property except, if any, in favor of the Banks.  Each Borrower represents
and warrants that no consent, approval or authorization of or registration or
declaration with any Person, including but not limited to any governmental
authority, is required in connection with the execution and delivery by such
Borrower of the Amendment Documents or other agreements and documents executed
and delivered by such Borrower in connection therewith or the performance of
obligations of such Borrower therein described, except for those which such
Borrower has obtained or provided and as to which such Borrower has delivered
certified copies of documents evidencing each such action to the Banks.

3.3           No Adverse Claim. Each Borrower warrants, acknowledges and agrees
that no events have taken place and no circumstances exist at the date hereof
which would give such Borrower a basis to assert a defense, offset or
counterclaim to any claim of the Banks with respect to the Obligations.

 
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Section 4.   Affirmation of Credit Agreement, Further References.  Each Bank and
each Borrower each acknowledge and affirm that the Credit Agreement, as hereby
amended, is hereby ratified and confirmed in all respects and all terms,
conditions and provisions of the Credit Agreement, except as amended by this
Amendment, shall remain unmodified and in full force and effect.  All references
in any document or instrument to the Credit Agreement are hereby amended and
shall refer to the Credit Agreement as amended by this Amendment.

Section 5.   Merger and Integration, Superseding Effect.  This Amendment, from
and after the date hereof, embodies the entire agreement and understanding
between the parties hereto and supersedes and has merged into this Amendment all
prior oral and written agreements on the same subjects by and between the
parties hereto with the effect that this Amendment shall control with respect to
the specific subjects hereof and thereof.

Section 6.   Severability.  Whenever possible, each provision of this Amendment
and the other Amendment Documents and any other statement, instrument or
transaction contemplated hereby or thereby or relating hereto or thereto shall
be interpreted in such manner as to be effective, valid and enforceable under
the applicable law of any jurisdiction, but, if any provision of this Amendment,
the other Amendment Documents or any other statement, instrument or transaction
contemplated hereby or thereby or relating hereto or thereto shall be held to be
prohibited, invalid or unenforceable under the applicable law, such provision
shall be ineffective in such jurisdiction only to the extent of such
prohibition, invalidity or unenforceability, without invalidating or rendering
unenforceable the remainder of such provision or the remaining provisions of
this Amendment, the other Amendment Documents or any other statement, instrument
or transaction contemplated hereby or thereby or relating hereto or thereto in
such jurisdiction, or affecting the effectiveness, validity or enforceability of
such provision in any other jurisdiction.

Section 7.   Successors.  The Amendment Documents shall be binding upon the
Borrowers and the Banks and their respective successors and assigns, and shall
inure to the benefit of the Borrowers and the Banks and the successors and
assigns of the Banks.

Section 8.   Legal Expenses.  As provided in Section 9.2 of the Credit
Agreement, the Borrowers agree to pay or reimburse the Agent, upon execution of
this Amendment, for all reasonable out-of-pocket expenses paid or incurred by
the Agent, including filing and recording costs and fees, charges and
disbursements of outside counsel to the Agent (determined on the basis of such
counsel’s generally applicable rates, which may be higher than the rates such
counsel charges the Agent in certain matters) and/or the allocated costs of
in-house counsel incurred from time to time, in connection with the Credit
Agreement, including in connection with the negotiation, preparation, execution,
collection and enforcement of the Amendment Documents and all other documents
negotiated, prepared and executed in connection with the Amendment Documents,
and in enforcing the obligations of the Borrowers under the Amendment Documents,
and to pay and save the Banks harmless from all liability for, any stamp or
other taxes which may be payable with respect to the execution or delivery of
the Amendment Documents, which obligations of the Borrowers shall survive any
termination of the Credit Agreement.

 
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Section 9.   Headings.  The headings of various sections of this Amendment have
been inserted for reference only and shall not be deemed to be a part of this
Amendment.

Section 10.         Counterparts.  The Amendment Documents may be executed in
several counterparts as deemed necessary or convenient, each of which, when so
executed, shall be deemed an original, provided that all such counterparts shall
be regarded as one and the same document, and either party to the Amendment
Documents may execute any such agreement by executing a counterpart of such
agreement.

Section 11.        Governing Law.  THE AMENDMENT DOCUMENTS SHALL BE GOVERNED BY
THE INTERNAL LAWS OF THE STATE OF NEBRASKA, WITHOUT GIVING EFFECT TO CONFLICT OF
LAW PRINCIPLES THEREOF, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL
BANKS, THEIR HOLDING COMPANIES AND THEIR AFFILIATES.

[The remainder of this page intentionally left blank; signature pages follow.]

 
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
as of the date and year first above written.

 
CABELA’S INCORPORATED
CABELA’S OUTDOOR ADVENTURES, INC.
CABELA’S WHOLESALE, INC.
CABELA’S VENTURES, INC.
WW ACQUISITION COMPANY, LLC (FORMERLY WILD WINGS, LLC)
LEGACY TRADING COMPANY
CABELA’S TROPHY PROPERTIES, LLC
CABELA’S MARKETING AND BRAND MANAGEMENT, INC.
CABELA’S RETAIL LA, LLC
ORIGINAL CREATIONS, LLC
CABELA’S RETAIL GP, LLC
CRLP, LLC
CABELA’S RETAIL MO, LLC
             
By:
/s/ Ralph W. Castner
 
Name:
Ralph W. Castner
 
Title:
Vice President, CFO
Secretary or Treasurer
       
VAN DYKE’S RESTORERS, INC. (FORMERLY VAN DYKE SUPPLY COMPANY, INC.)
       
By:
/s/ Jeff Jung
 
Name:
Jeff Jung
 
Title:
Secretary and Treasurer
             
CABELA’S RETAIL TX, L.P.
       
By:
Cabela’s Retail GP, LLC
Its: General Partner
       
By:
/s/ Ralph W. Castner
 
Name:
Ralph W. Castner
 
Title:
Secretary and Treasurer

 
[Signature Page 1 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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CABELA’S RETAIL IL, INC.
       
By:
/s/ Ralph W. Castner
 
Name:
Ralph W. Castner
 
Title:
Secretary and Treasurer

[Signature Page 2 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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U.S. BANK NATIONAL ASSOCIATION,
in its individual corporate capacity and as
Administrative Agent
       
By:
/s/ Patrick Spethman
 
Name:
Patrick Spethman
 
Title:
Vice President

[Signature Page 3 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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BANK OF AMERICA, N.A.
       
By:
/s/ Michael T. Letsch
 
Name:
Michael T. Letsch
 
Title:
Vice President

[Signature Page 4 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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COMERICA BANK
       
By:
/s/ Timothy O’Rourke
 
Name:
Timothy O’Rourke
 
Title:
Vice President

[Signature Page 5 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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WELLS FARGO BANK, NATIONAL ASSOCIATION
       
By:
/s/ Michael V. Hinrichs
 
Name:
Michael V. Hinrichs
 
Title:
Vice President

[Signature Page 6 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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JPMORGAN CHASE BANK, N.A.
       
By:
/s/ Eric Pratt
 
Name:
Eric Pratt
 
Title:
Vice President

[Signature Page 7 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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SOVEREIGN BANK
       
By:
/s/ Jeffrey N. Kauffman
 
Name:
Jeffrey N. Kauffman
 
Title:
Vice President

[Signature Page 8 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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BANK OF THE WEST
       
By:
/s/ William Honke
 
Name:
William Honke
 
Title:
Vice President

[Signature Page 9 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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SUNTRUST BANKS, INC.
       
By:
/s/ Michael J. Vegh
 
Name:
Michael J. Vegh
 
Title:
Vice President

[Signature Page 10 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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WACHOVIA BANK, NATIONAL ASSOCIATION
       
By:
/s/ Michael V. Hinrichs
 
Name:
Michael V. Hinrichs
 
Title:
Vice President

[Signature Page 11 to Second Amendment to
Second Amended and Restated Credit Agreement]

 
 

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EXHIBIT A TO
SECOND AMENDMENT TO
SECOND AMENDED AND RESTATED
CREDIT AGREEMENT

CERTIFICATE

This Certificate is executed and delivered pursuant to Section 2.2 of that
certain Second Amendment to Second Amended and Restated Credit Agreement
(“Second Amendment”), dated concurrently herewith, by and among each of the
undersigned, the banks which are signatories to the Credit Agreement (as defined
in the Second Amendment) (individually, a “Bank” and, collectively, the
“Banks”), and U.S. Bank National Association, one of the Banks, and as agent for
the Banks (in such capacity, the “Agent”).  Unless otherwise defined herein,
capitalized terms used herein have the meanings provided in the Second
Amendment.  The undersigned hereby certifies to the Agent and the Banks as
follows:

1.           Attached hereto as Exhibit A is a true and correct copy of the
Articles of Incorporation of Cabela’s Wholesale, Inc., certified by the Nebraska
Secretary of State, which Articles of Incorporation are in full force and effect
on the date hereof.

2.           Attached hereto as Exhibit B is a true and correct copy of the
Articles of Incorporation of Van Dyke’s Restorers, Inc., certified by the South
Dakota Secretary of State, which Articles of Incorporation are in full force and
effect on the date hereof.

3.           Attached hereto as Exhibit C is a true and correct copy of the
articles of dissolution of Cabela’s Lodging, LLC, certified by the Nebraska
Secretary of State.

4.           Attached hereto as Exhibit D is a true and correct copy of the
Articles of Organization of WW Acquisition Company, LLC, certified by the
Minnesota Secretary of State, which Articles of Organization are in full force
and effect on the date hereof.

5.           Except as set forth in paragraphs 1, 2, 3 and 4 above, there has
been no amendment to the Articles of Incorporation and Bylaws or Operating
Agreement, as applicable, of each of the undersigned Borrowers since true and
accurate copies of the same were delivered to the Banks with a certificate of an
officer or designated representative for a partner of such Borrower dated July
15, 2005, February 22, 2006 or June 15, 2007, as applicable.

6.           The resolutions previously delivered to the Banks with a
certificate of an officer or designated representative for a partner of such
Borrower dated July 15, 2005, February 22, 2006 or June 15, 2007, as applicable,
are still effective.

Ex A-1

 
 

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7.           The undersigned is (i) an officer or (ii) a designated
representative for a partner of each Borrower, and is authorized to execute the
Second Amendment and any other instrument or agreement executed by such Borrower
in connection with the Second Amendment.

[The remainder of this page intentionally left blank; signature page follows.]
 
Ex A-2

 
 

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IN WITNESS WHEREOF, this certificate has been executed as of December ___, 2009.

 
CABELA’S INCORPORATED
CABELA’S OUTDOOR ADVENTURES, INC.
CABELA’S WHOLESALE, INC.
CABELA’S VENTURES, INC.
WW ACQUISITION COMPANY, LLC (FORMERLY WILD WINGS, LLC)
LEGACY TRADING COMPANY
CABELA’S TROPHY PROPERTIES, LLC
CABELA’S MARKETING AND BRAND MANAGEMENT, INC.
CABELA’S RETAIL LA, LLC
ORIGINAL CREATIONS, LLC
CABELA’S RETAIL GP, LLC
CRLP, LLC
CABELA’S RETAIL MO, LLC
             
By:
   
Name:
Ralph W. Castner
 
Title:
Vice President, CFO
Secretary or Treasurer
       
VAN DYKE’S RESTORERS, INC. (FORMERLY VAN DYKE SUPPLY COMPANY, INC.)
       
By:
   
Name:
Jeff Jung
 
Title:
Secretary and Treasurer
             
CABELA’S RETAIL TX, L.P.
       
By:
Cabela’s Retail GP, LLC
Its: General Partner
       
By:
   
Name:
Ralph W. Castner
 
Title:
Secretary and Treasurer

 
Ex A-3

 
 

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CABELA’S RETAIL IL, INC.
       
By:
   
Name:
Ralph W. Castner
 
Title:
Secretary and Treasurer

 
Ex A-4

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