Document:

exv10w15

EXHIBIT 10.15

THIRD AMENDMENT TO LEASE

     This THIRD AMENDMENT TO LEASE (this “Amendment”) is entered into as of December 4, 2009 (the
“Effective Date”) by and between JEPCO DEVELOPMENT COMPANY LLC, an Oregon limited liability
company, as successor-in-interest to Jepco Development Company, a general partnership (“Lessor”),
and LACROSSE FOOTWEAR, INC., a Wisconsin corporation (“Lessee”).

RECITALS

     A. Lessor and Lessee are parties to that certain Lease, dated as of March 14, 1994, as amended
by a Lease Amendment and Option Exercise dated as of April 17, 1998, and a Second Amendment to
Lease dated as of November 24, 2008 (the “Second Amendment”) (as amended, the “Lease”), pursuant to
which Lessor leases to Lessee, and Lessee leases from Lessor, certain real property located at
12722 NE Airport Way in the City of Portland, Oregon and more particularly described in the Lease
(the “Premises”).

     B. Pursuant to the Second Amendment, the Lease is currently set to expire on May 31, 2010.

     C. Lessor and Lessee now desire to extend the First Extended Term of the Lease to July 31,
2010 based on the terms and conditions set forth herein.

AGREEMENT

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Lessor and Lessee agree as follows:

1. Lease Amendments.

     a. Two-Month Extension of First Extended Term. Section 2(a) of the Lease is hereby
amended to provide that the First Extended Term of the Lease shall be extended for two months to
July 31, 2010, at which time the Lease shall terminate.

     b. Rent For Two-Month Extension Period. Lessee shall pay the same base monthly rent
that it is currently paying to Lessor during the two month extension period (June 1, 2009 — July
31, 2009).

     c. Condition of Premises. Upon expiration or earlier termination of the First
Extended Term, Lessee shall vacate the Premises and deliver possession thereof to Lessor in the
condition required under the Lease including, without limitation, Section 21(c) of the Lease.

     d. Vacating Premises Prior to July 31, 2010. Lessee shall have no obligation to move
out of the Premises prior to July 31, 2010, but if Lessee voluntarily elects to vacate the Premises
before July 31, 2010, then Lessor shall have the right (upon receipt of notice from

Page 1  —  THIRD AMENDMENT TO LEASE

 

 

Lessee that it has fully vacated the Premises) to terminate the Lease at any time thereafter and
take possession of the Premises, provided Lessor prorates the rent and refunds to Lessee any rent
that Lessee has previously paid to Lessor for any period of time after the date of termination. In
such event, Lessee shall have no obligation to pay rent to Lessor for any period of time after the
date on which Lessor has terminated the Lease.

2. Capitalized Terms.

     All capitalized terms used in this Amendment, which are not defined herein, shall have the
same meaning as in the Lease.

3. Miscellaneous.

     Except as set forth herein, the Lease remains in full force and effect. This Amendment may be
executed in multiple counterparts, each of which shall be deemed an original. Delivery of an
executed signature page to this Amendment by facsimile transmission shall be as effective as
delivery of a manually signed counterpart hereto.

     IN WITNESS WHEREOF, Lessor and Lessee have executed this Third Amendment to Lease as of the
date first set forth above.

	 	 	 	 	 	 	 	 	 	 	 
	LESSEE	 	 	 	LESSOR	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	LACROSSE FOOTWEAR, INC.,	 	 	 	JEPCO DEVELOPMENT COMPANY LLC,	 	 
	a Wisconsin corporation	 	 	 	an Oregon limited liability company	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By: /s/ Joseph P. Schneider	 	 	 	By: /s/ John Herman	 	 
	 

	 	 

Name: Joseph P. Schneider
	 	 	 	 	 	 

Name: John Herman
	 	 
	 

	 	Its: President, CEO
	 	 	 	 	 	Its: Partner	 	 

Page 2  —  THIRD AMENDMENT TO LEASEexv10w28

EXHIBIT 10.28

November 30, 2009

Mr. David Carlson

Chief Financial Officer

LaCrosse Footwear, Inc.

17634 NE Airport Way

Portland, OR 97230

	 	 	 	 	 
	 

	 	Re:
	 	Amended and Restated Credit Agreement between LaCrosse Footwear, Inc.
	 

	 	 	 	(“Borrower”) and Wells Fargo Bank, National Association (“Lender”), dated as of
March 1, 2009, as amended (“Credit Agreement”)

Dear Dave:

     This letter confirms that, the provisions of the Loan Documents to the contrary
notwithstanding, the additional investment by Borrower or Danner of up to $2,900,000 in connection
with a new factory for Danner (the “Danner Factory”) that is referred to in Section 5.3 of the
Credit Agreement may be made in 2009, 2010, or spread between both years, provided, however, that
the amount by which aggregate capital expenditures for the two years exceeds the $5,000,000 annual
limitation referred to in Section 5.3 is not greater than $2,500,0000, inclusive of investments
made in connections with the Danner Factory. In all other respects, the Loan Documents remain in
full force and effect without change.

     Terms that are used in this letter are defined in the Credit Agreement have the same meaning
in this letter that they are given in the Credit Agreement.

     The foregoing consent shall take effect when we receive an original or photocopy of a
signature of an authorized officer of Danner where indicated below.

	 	 	 	 	 
	 	Very truly yours,

WELLS FARGO BANK, 

NATIONAL ASSOCIATION

 	 
	 	/s/ James R. Bednark
 	 
	 	James R. Bednark 	 
	 	Senior Vice President 	 

 

 

	 	 	 	 	 

The undersigned acknowledged and consents to the foregoing, and agrees that it shall not prejudice
its obligations and the security interest granted under the Third Part Security Agreement granted
by the undersigned in favor of Wells Fargo Bank, National Association, dated as of April 15, 2004,
as amended, which are hereby reaffirmed in all respects.

DATED as of November 30, 2009.

	 	 	 	 	 
	 	DANNER INC.

 	 
	 	/s/ Joseph P. Schneider
 	 
	 	Joseph P. Schneider 	 
	 	President /Chief Executive Officer 	 
	 
	 	 	 
	 	     /s/ David Carlson
 	 
	 	David Carlson 	 
	 	Executive Vice President, Chief Financial Officer
And Secretaryexv10w29

	 	 	 	 	 

EXHIBIT 10.29

January 26, 2010

Mr. David Carlson

Chief Financial Officer

LaCrosse Footwear, Inc.

17634 NE Airport Way

Portland, OR 97230

Mr. David Carlson

Chief Financial Officer

Danner, Inc.

17634 NE Airport Way

Portland, OR 97230

	 	 	 	 	 
	 

	 	Re:
	 	Amended and Restated Credit Agreement between LaCrosse Footwear, Inc.
	 

	 	 	 	(“Borrower”) and Wells Fargo Bank, National Association (“Lender”),
dated as of March 1, 2009, as amended (“Credit Agreement”)

Dear Dave:

     This letter confirms that, the provisions of the Loan Documents to the contrary
notwithstanding:

     (a) We hereby grant our approval of the payment in calendar year 2010 of regular and special
dividends not exceeding $10,000,000 in total.

     (b) We hereby grant our approval to Borrower and/or Danner, Inc. (“Danner”) making investments
in tenant improvements and other fixed assets in calendar year 2010 in connection with the move of
the Borrower/Danner Portland factory to a new facility at 18201 NE Portal Way, Portland, Oregon
97230, and the move of the Portland factory outlet store to a new facility at 12021 NE Airport Way,
Suite B, Portland, Oregon 97220, and making investments in other fixed assets; provided,
the total investments in fixed assets by Borrower, Danner and Borrower’s other Material
Subsidiaries, for all purposes in calendar years 2009 and 2010, shall not exceed $15,000,000
combined for the two years.

     (c) DP Partners Portland I, LLC (“DP Partners”), which is leasing the new factory facility at
18201 NE Portal Way, Portland, Oregon 97230, to Borrower and Danner, will be obtaining a loan from
the Portland Development Commission (“PDC”) in the approximate amount of $800,000. DP Partners
will be using the proceeds of such loan for purposes of (i) acquiring a perpetual, exclusive
easement over an adjoining 1.17 acre parcel of property, and (ii) constructing a parking lot
thereon for Borrower and Danner (as the factory facility does not have sufficient parking). We
hereby grant our approval to Borrower and Danner entering into a Parking Lot Lease with DP
Partners, wherein DP Partners will be leasing the new parking lot to Borrower and Danner and
passing through to them (as rent for the new parking lot) all costs associated with the parking lot
loan, including the following:

 

 

     (1) Borrower and Danner will be paying to DP Partners, as an initial rent
payment, the sum of $100,000, which represents the approximate amount that DP
Partners will be paying to PDC as a down payment to acquire the perpetual easement
and obtain the parking lot loan;

     (2) Borrower and LaCrosse will be paying to DP Partners, as monthly rent, an
amount equal to the total monthly payment of principal and interest required to be
paid by DP Partners under the parking lot loan, which will be fully amortized over
20 years at an interest rate of between 1%-3% per annum; and

     (3) In the event of the expiration, termination, non-renewal or non-extension
of the Parking Lot Lease prior to payment in full of the parking lot loan, then
Borrower and Danner will pay to DP Partners, as accelerated rent, an amount equal to
the total outstanding principal, and all accrued unpaid interest, due on the parking
lot loan.

     Dividends paid, investments made, and leases signed in compliance with the foregoing shall not
constitute Events of Default or an event which, with the passage of time, the giving of notice, or
both, would constitute Events of Default. We are separately executing amendments to the Borrower
and Danner Security Agreements to reflect new locations where Collateral is located. In all other
respects, the Loan Documents remain in full force and effect without change.

     Terms that are used in this letter that are defined in the Credit Agreement have the same
meaning in this letter that they are given in the Credit Agreement.

     The foregoing consent shall take effect when we receive an original or photocopy of a
signature of an authorized officer of Borrower and Danner where indicated below.

	 	 	 	 	 
	 	Very truly yours, 

WELLS FARGO BANK, NATIONAL ASSOCIATION

	 
	 	/s/ James R. Bednark
 	 
	 	James R. Bednark 	 
	 	Senior Vice President 	 

 

 

	 	 	 	 	 

CONSENT

     The undersigned acknowledged and consent to the foregoing, and Danner, Inc. agrees that the
foregoing shall not prejudice its obligations and the security interest granted under the Third
Party Security Agreement granted by the undersigned in favor of Wells Fargo Bank, National
Association, dated as of April 15, 2004, as amended, which are hereby reaffirmed in all respects.

     DATED as of January 26, 2010.

	 	 	 	 	 
	LACROSSE FOOTWEAR, INC.

	 	 	 	DANNER, INC.
	 
	 	 	 	 
	/s/ Joseph P. Schneider

	 	 	 	/s/ Joseph P. Schneider
	 

	 	 	 	 
	Joseph P. Schneider

	 	 	 	Joseph P. Schneider
	President/Chief Executive Officer

	 	 	 	President/Chief Executive Officer
	 
	 	 	 	 
	/s/ David Carlson

	 	 	 	/s/ David Carslon
	 

	 	 	 	 
	David Carlson

	 	 	 	David Carlson
	Executive Vice President, Chief

	 	 	 	Executive Vice President, Chief
	Financial Officer and Secretary

	 	 	 	Financial Officer and Secretary

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