8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 24, 2005

LaCROSSE FOOTWEAR, INC.

(Exact name of registrant as specified in its charter)

Wisconsin	0-23800	39-1446816
(State or other jurisdiction of incorporation)	(Commission file number)	(IRS employer identification number)

18550 NE Riverside Parkway, Portland, Oregon 97230
(Address of principal executive offices, including zip code)

(503) 776-1010
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EXHIBIT 10.1

EXHIBIT 10.2

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

The disclosures contained under Item 2.03 below are incorporated into this Item 1.01 by reference.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF- BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

On October 24, 2005, LaCrosse Footwear, Inc. (the “Company”) executed a First Amendment to Credit Agreement (the “Amendment”) to its existing credit agreement with Wells Fargo Bank, National Association, along with a Revolving Line of Credit Note (the “Note”). The Amendment and Note have effective dates of October 1, 2005. Under the Amendment and Note, the maximum aggregate principal amount of borrowings from January 1 to May 31 will be amended from $30 million to $17.5 million. Also, the maximum aggregate principal amount of borrowings from June 1 to December 31 will be $30 million. With the Amendment, the credit agreement becomes a straight line of credit and borrowing base limitations were removed.

Copies of the First Amendment to Credit Agreement and the Revolving Line of Credit Note are attached as Exhibits 10.1 and 10.2, respectively, to this report and are incorporated herein. The foregoing descriptions of the First Amendment to Credit Agreement and Revolving Line of Credit Note do not purport to be complete and are qualified in their entirety by reference to such exhibits.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit No.	Description
10.1	First Amendment to Credit Agreement, by and between LaCrosse Footwear, Inc. and Wells Fargo Bank, National Association, dated effective October 1, 2005.
10.2	Revolving Line of Credit Note by LaCrosse Footwear, Inc., dated effective October 1, 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned thereunto duly authorized.

	LaCROSSE FOOTWEAR, INC.
Dated: October 27, 2005	By:	/s/ David P. Carlson
		David P. Carlson
		Executive Vice President and Chief Financial Officer

2

EXHIBIT INDEX

Exhibit No.	Description
10.1	First Amendment to Credit Agreement, by and between LaCrosse Footwear, Inc. and Wells Fargo Bank, National Association, dated effective October 1, 2005.
10.2	Revolving Line of Credit Note by LaCrosse Footwear, Inc., dated effective October 1, 2005.

3

EX-10.1

                                                                    EXHIBIT 10.1

                       FIRST AMENDMENT TO CREDIT AGREEMENT

      THIS AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as
of October 1, 2005, by and between LACROSSE FOOTWEAR, INC., a Wisconsin
corporation ("Borrower"), and WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank").

                                    RECITALS

      WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and
conditions of that certain Credit Agreement between Borrower and Bank dated as
of April 15, 2004, as amended from time to time ("Credit Agreement").

      WHEREAS, Bank and Borrower have agreed to certain changes in the terms and
conditions set forth in the Credit Agreement and have agreed to amend the Credit
Agreement to reflect said changes.

      NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree that the Credit
Agreement shall be amended as follows:

      1. Section 1.1(a) is hereby amended to read as follows:

            "(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, 2007, 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
      ("Subsidiary"). Borrower's obligation to repay advances under the Line of
      Credit shall be evidenced by a promissory note dated as of October 1, 2005
      in the form attached hereto as Exhibit A ("Line of Credit Note"), all
      terms of which are incorporated herein by this reference.

      2. Section 1.1(b) (entitled "Limitation on Borrowings") is hereby deleted
in its entirety, without substitution.

      3. Section 1.1(c) is hereby amended to delete the phrase", subject to the
Borrowing Base limitation" from the end of the first sentence.

      4. Section 1.1(d) is hereby amended to read as follows:

            "(d) Borrowing and Repayment. Borrower may from time to time during
      the term of the Line of Credit borrow, partially or wholly repay its
      outstanding borrowings, and reborrow, subject to all of the limitations,
      terms and conditions contained herein or in the Line of Credit Note;
      provided however, that the total outstanding borrowings, Letters of Credit
      and Usance Drafts under the Line of Credit shall not at any time exceed
      the

                                      -1-



      applicable maximum principal amount available thereunder, as set forth in
      Section 1.1(a) above. The provisions of the Line of Credit Note (as
      modified, replaced, renewed, or restated from time to time) are
      incorporated by this reference herein."

      5. Section 1.2(d) is hereby amended to read as follows:

            "(d) Annual Fee. Borrower shall pay to Bank a periodic
      non-refundable commitment fee for the Line of Credit equal to Ten Thousand
      Dollars ($10,000.00)."

Such fee shall be payable on the date of Borrower's execution of this Amendment,
and thereafter on each June 1 until Bank has no further commitments to make Line
of Credit Advances under the Loan Documents.

      6. The second paragraph of Section 1.3 is hereby amended by deleting
therefrom the phrase "including the pre-loan feasibility audit, the initial
collateral audit and annual collateral audits."

      7. Section 2.5 is hereby amended by (a) deleting the phrase "September 27,
2003" and replacing it with "June 25, 2005, and (b) by adding at the end of the
first sentence the phrase: "; all subject to normal year-end audit adjustments
and the absence of footnotes"."

      8. Section 2.12 is hereby amended and restated in its entirely as follows:

            "SECTION 2.12. SUBSIDIARY. Subsidiary and Lacrosse International,
      Inc. are the only entities in existence as of October 17, 2005 in which
      Borrower owns all or a majority or a controlling share of the equity
      interests."

      9. Section 4.3(c) is hereby deleted in its entirety, without substitution:

      10. Section 4.3(d) is amended and restated in its entirety as follows:

            "(d) Contemporaneously with each annual and quarterly financial
      statement of Borrower required hereby, a certificate of the president or
      chief financial officer of Borrower that (a) said financial statements
      fairly present in all material respects the financial conditions, results
      of operations, and cash flows of the Borrower (and in the case of
      financial statements presented for the first, second, and third fiscal
      quarters of the Borrower, subject to normal year-end audit adjustments and
      the absence of footnotes), and (b) to the knowledge of such officer there
      exists no Event of Default nor any condition, act or event which with the
      giving of notice or the passage of time or both would constitute an Event
      of Default."

      11. Section 4.9(a) is hereby deleted in its entirety, and the following
substituted therefor:

            "(a) Tangible Net Worth not less than $30,000,000.00 determined as
      of the end of each fiscal quarter, with "Tangible Net Worth" defined as
      the aggregate of total stockholders' equity plus Subordinated Debt less
      any intangible assets, and with "Subordinated Debt" defined as
      indebtedness subordinated in right of payment to Borrower's indebtedness
      to Bank pursuant to subordination agreements satisfactory to Bank."

                                      -2-



      12. The following is hereby added to the Credit Agreement as Section
4.9(d).

            "(d) Current Ratio not less than 1.75 to 1.0, determined as of the
      end of each fiscal quarter end, with "Current Ratio" defined as the ratio
      of current assets to total current liabilities, and with current
      liabilities hereby deemed to include, without limitation, the then
      outstanding principal amount of all liabilities, contingent or liquidated,
      under the Line of Credit."

      13. Borrower shall promptly notify Bank in the event that the assets or
revenues of Lacrosse International, Inc. ("New Subsidiary") represent 5% or more
of Borrower's consolidated assets or consolidated revenues, respectively,
following which Bank and Borrower shall enter into a further amendment to the
Credit Agreement whereby all affirmative and negative covenants and Events of
Default which at such time apply to Subsidiary shall be also made applicable to
New Subsidiary, on terms reasonably acceptable to Bank and Borrower.

      14. Except as specifically provided herein, all terms and conditions of
the Credit Agreement remain in full force and effect, without waiver or
modification. All terms defined in the Credit Agreement shall have the same
meaning when used in this Amendment. This Amendment and the Credit Agreement
shall be read together, as one document.

      15. Borrower hereby remakes all representations and warranties contained
in the Credit Agreement and reaffirms all covenants set forth therein. Borrower
further certifies that as of the date of this Amendment there exists no Event of
Default as defined in the Credit Agreement, nor any condition, act or event
which with the giving of notice or the passage of time or both would constitute
any such Event of Default.

UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK
CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY
OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER'S RESIDENCE MUST BE IN
WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE.

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

                                                     WELLS FARGO BANK,
LACROSSE FOOTWEAR, INC.                               NATIONAL ASSOCIATION

By: /s/ Joseph P. Schneider                        By:  /s/ James R. Bednark
    _______________________                             ______________________
    Joseph P. Schneider                                 James R. Bednark
    President/chief Executive Officer                   Relationship Manager

By: /s/ David P. Carlson
    _____________________
    David P. Carlson
    Executive Vice President/Chief Financial Officer

                                      -3-

EX-10.2

                                                                    EXHIBIT 10.2

                          REVOLVING LINE OF CREDIT NOTE

$30,000,000.00                                                  PORTLAND, OREGON
                                                                 OCTOBER 1, 2005

      FOR VALUE RECEIVED, the undersigned LACROSSE FOOTWEAR, INC. ("Borrower")
promises to pay to the order of Wells Fargo Bank, NATIONAL ASSOCIATION ("Bank")
at its office at PORTLAND RCBO, 1300 S.W. FIFTH AVENUE, PORTLAND, OR 97201, or
at such other place as the holder hereof may designate, in lawful money of the
United States of America and in immediately available funds, the principal sum
of $30,000,000.00, or so much thereof as may be advanced and be outstanding,
with interest thereon, to be computed on each advance from the date of its
disbursement as set forth herein.

DEFINITIONS:

      As used herein, the following terms shall have the meanings set forth
after each, and any other term defined in this Note shall have the meaning set
forth at the place defined:

      (a) "Business Day" means any day except a Saturday, Sunday or any other
day on which commercial banks in Oregon are authorized or required by law to
close.

      (b) "Fixed Rate Term" means a period commencing on a Business Day and
continuing for 1, 2, 3 OR 6 MONTHS, as designated by Borrower, during which all
or a portion of the outstanding principal balance of this Note bears interest
determined in relation to LIBOR; provided however, that no Fixed Rate Term may
be selected for a principal amount less than $250,000.00; and provided further,
that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof,
however, if any Fixed Rate Term would end on a day which is not a Business Day,
then such Fixed Rate Term shall be extended to the next succeeding Business Day.

      (c) "LIBOR" means the rate per annum (rounded upward, if necessary, to the
nearest whole 1/8 of 1%) and determined pursuant to the following formula:

            LIBOR =                   Base LIBOR
                     ----------------------------------------------
                            100% - LIBOR Reserve Percentage

      (i) "Base LIBOR" means the rate per annum for United States dollar
deposits quoted by Bank as the Inter-Bank Market Offered Rate, with the
understanding that such rate is quoted by Bank to its borrowers (whose loans
bear interest in relation to such rate) generally for the purpose of calculating
effective rates of interest for loans making reference thereto, on the first day
of a Fixed Rate Term for delivery of funds on said date for a period of time
approximately equal to the number of days in such Fixed Rate Term and in an
amount approximately equal to the principal amount to which such Fixed Rate Term
applies. Borrower understands and agrees that Bank may base its quotation of the
Inter-Bank Market Offered Rate upon such offers or other market indicators of
the Inter-Bank Market as Bank in its

                                      -1-



discretion deems appropriate including, but not limited to, the rate offered for
U.S. dollar deposits on the London Inter-Bank Market.

      (ii) "LIBOR Reserve Percentage" means the reserve percentage prescribed by
the Board of Governors of the Federal Reserve System (or any successor) for
"Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve
Board, as amended), adjusted by Bank for expected changes in such reserve
percentage during the applicable Fixed Rate Term.

      (d) "Prime Rate" means at any time the rate of interest most recently
announced within Bank at its principal office as its Prime Rate, with the
understanding that the Prime Rate is one of Bank's base rates and serves as the
basis upon which effective rates of interest are calculated for those loans
making reference thereto, and is evidenced by the recording thereof after its
announcement in such internal publication or publications as Bank may designate.

INTEREST:

      (a) Interest. The outstanding principal balance of this Note shall bear
interest (computed on the basis of a 360-day year, actual days elapsed) either
(i) at a fluctuating rate per annum EQUAL TO the Prime Rate in effect from time
to time, or (ii) at a fixed rate per annum determined by Bank to be 1.50000%
above LIBOR in effect on the first day of the applicable Fixed Rate Term. When
interest is determined in relation to the Prime Rate, each change in the rate of
interest hereunder shall become effective on the date each Prime Rate change is
announced within Bank. With respect to each LIBOR selection hereunder, Bank is
hereby authorized to note the date, principal amount, interest rate and Fixed
Rate Term applicable thereto and any payments made thereon on Bank's books and
records (either manually or by electronic entry) and/or on any schedule attached
to this Note, which notations shall be prima facie evidence of the accuracy of
the information noted.

      (b) Selection of Interest Rate Options. At any time any portion of this
Note bears interest determined in relation to LIBOR, it may be continued by
Borrower at the end of the Fixed Rate Term applicable thereto so that all or a
portion thereof bears interest determined in relation to the Prime Rate or to
LIBOR for a new Fixed Rate Term designated by Borrower. At any time any portion
of this Note bears interest determined in relation to the Prime Rate, Borrower
may convert all or a portion thereof so that it bears interest determined in
relation to LIBOR for a Fixed Rate Term designated by Borrower. At such time as
Borrower requests an advance hereunder or wishes to select a LIBOR option for
all or a portion of the outstanding principal balance hereof, and at the end of
each Fixed Rate Term, Borrower shall give Bank notice specifying: (i) the
interest rate option selected by Borrower; (ii) the principal amount subject
thereto; and (iii) for each LIBOR selection, the length of the applicable Fixed
Rate Term. Any such notice may be given by telephone (or such other electronic
method as Bank may permit) so long as, with respect to each LIBOR selection, (A)
if requested by Bank, Borrower provides to Bank written confirmation thereof not
later than three (3) Business Days after such notice is given, and (B) such
notice is given to Bank prior to 10:00 a.m. on the first day of the Fixed Rate
Term, or at a later time during any Business Day if Bank, at it's sole option
but without obligation to do so, accepts Borrower's notice and quotes a fixed
rate to Borrower. If Borrower does not immediately accept a fixed rate when
quoted by Bank, the quoted rate shall expire and any subsequent LIBOR request
from Borrower shall be subject to a redetermination

                                      -2-



by Bank of the applicable fixed rate. If no specific designation of interest is
made at the time any advance is requested hereunder or at the end of any Fixed
Rate Term, Borrower shall be deemed to have made a Prime Rate interest selection
for such advance or the principal amount to which such Fixed Rate Term applied.

      (c) Taxes and Regulatory Costs. Borrower shall pay to Bank immediately
upon demand, in addition to any other amounts due or to become due hereunder,
any and all (i) withholdings, interest equalization taxes, stamp taxes or other
taxes (except income and franchise taxes) imposed by any domestic or foreign
governmental authority and related in any manner to LIBOR, and (ii) costs
incurred by Bank as a result of future supplemental, emergency or other changes
in the LIBOR Reserve Percentage, increases in assessment rates imposed by the
Federal Deposit Insurance Corporation, or similar requirements or costs imposed
by any domestic or foreign governmental authority or resulting from compliance
by Bank with any future request or directive (whether or not having the force of
law) from any central bank or other governmental authority and related in any
manner to LIBOR to the extent they are not included in the calculation of LIBOR.
In determining which of the foregoing are attributable to any LIBOR option
available to Borrower hereunder, any reasonable allocation made by Bank among
its operations shall be conclusive and binding upon Borrower.

      (d) Payment of Interest. Interest accrued on this Note shall be payable on
the LAST day of each MONTH, commencing OCTOBER 31, 2005.

      (e) Default Interest. From and after the maturity date of this Note, or
such earlier date as all principal owing hereunder becomes due and payable by
acceleration or otherwise, the outstanding principal balance of this Note shall
bear interest until paid in full at an increased rate per annum (computed on the
basis of a 360-day year, actual days elapsed) equal to 2% above the Prime Rate
in effect from time to time.

BORROWING AND REPAYMENT:

      (a) Borrowing and Repayment. Borrower may from time to time during the
term of this Note borrow, partially or wholly repay its outstanding borrowings,
and reborrow, subject to all of the limitations, terms and conditions of this
Note and of any document executed in connection with or governing this Note;
provided however, that the total outstanding borrowings under this Note shall
not at any time exceed the principal amount available at such time under the
Line of Credit as defined in and as set forth in the Credit Agreement (defined
below) . The unpaid principal balance of this obligation at any time shall be
the total amounts advanced hereunder by the holder hereof less the amount of
principal payments made hereon by or for any Borrower, which balance may be
endorsed hereon from time to time by the holder. The outstanding principal
balance of this Note shall be due and payable in full on JUNE 30, 2007.

      (b) Advances. Advances hereunder, to the total amount of the principal sum
stated above, may be made by the holder at the oral or written request of (i)
DAVID P. CARLSON, JOSEPH P. SCHNEIDER, JAMES FONTAINE, KRIS JOHNSON, SHERYL
WOLFE OR GREG INMAN, any one acting alone (or such other individuals as the
president or chief financial officer of Borrower shall designate from time to
time by written notice to Bank), who are authorized to request advances and
direct the disposition of any advances until written notice of the revocation of

                                      -3-



such authority is received by the holder at the office designated above, or (ii)
any person, with respect to advances deposited to the credit of any deposit
account of Borrower that is maintained with Bank, which advances, when so
deposited, shall be conclusively presumed to have been made to or for the
benefit of each Borrower regardless of the fact that persons other than those
authorized to request advances may have authority to draw against such account.
The holder shall have no obligation to determine whether any person requesting
an advance is or has been authorized by Borrower.

      (c) Application of Payments. Each payment made on this Note shall be
credited first, to any interest then due and second, to the outstanding
principal balance hereof. All payments credited to principal shall be applied
first, to the outstanding principal balance of this Note which bears interest
determined in relation to the Prime Rate, if any, and second, to the outstanding
principal balance of this Note which bears interest determined in relation to
LIBOR, with such payments applied in succession to the Fixed Rate Term advances
in order of their successive maturities from the payment date.

PREPAYMENT:

      (a) Prime Rate. Borrower may prepay principal on any portion of this Note
which bears interest determined in relation to the Prime Rate at any time, in
any amount and without any penalty or prepayment fee.

      (b) LIBOR. Borrower may prepay principal on any LIBOR-based advance which
bears interest determined in relation to LIBOR at any time and in the minimum
amount of $100,000.00; provided however, that if the outstanding principal
balance of such portion of this Note is less than said amount, the minimum
prepayment amount shall be the entire outstanding principal balance thereof. In
consideration of Bank providing this prepayment option to Borrower, or if any
such portion of this Note shall become due and payable at any time prior to the
last day of the Fixed Rate Term applicable thereto by acceleration or otherwise,
Borrower shall pay to Bank immediately upon demand a fee which is the sum of the
discounted differences for the period from the day of prepayment through the day
on which such Fixed Rate Term matures, calculated as follows for each such
month:

      (i)   Determine the amount of remaining interest which would have accrued
            on the amount prepaid at the interest rate applicable to such amount
            had it remained outstanding until the last day of the Fixed Rate
            Term applicable thereto.

      (ii)  Subtract from the amount determined in (i) above the amount of
            interest which would have accrued for the period on the amount
            prepaid for the remaining term of such Fixed Rate Term at LIBOR in
            effect on the date of prepayment for new loans made for such term
            and in a principal amount equal to the amount prepaid.

      (iii) If the result obtained in (ii) for any month is greater than zero,
            discount that difference by LIBOR used in (ii) above.

                                      -4-



Borrower acknowledges that prepayment of such amount may result in Bank
incurring additional costs, expenses and/or liabilities, and that it is
difficult to ascertain the full extent of such costs, expenses and/or
liabilities. Borrower, therefore, agrees to pay the above-described prepayment
fee and agrees that said amount represents a reasonable estimate of the
prepayment costs, expenses and/or liabilities of Bank. If Borrower fails to pay
any prepayment fee when due, the amount of such prepayment fee shall thereafter
bear interest until paid at a rate per annum 2.000% above the Prime Rate in
effect from time to time (computed on the basis of a 360-day year, actual days
elapsed). Each change in the rate of interest on any such past due prepayment
fee shall become effective on the date each Prime Rate change is announced
within Bank.

EVENTS OF DEFAULT:

      This Note is made pursuant to and is subject to the terms and conditions
of that certain Credit Agreement between Borrower and Bank dated as of APRIL 15,
2004, as amended from time to time (the "Credit Agreement"). Any default in the
payment or performance of any obligation under this Note, or any defined event
of default under the Credit Agreement, shall constitute an "Event of Default"
under this Note.

MISCELLANEOUS:

      (a) Remedies. Upon the occurrence of any Event of Default, the holder of
this Note, at the holder's option, may declare all sums of principal and
interest outstanding hereunder to be immediately due and payable without
presentment, demand, notice of nonperformance, notice of protest, protest or
notice of dishonor, all of which are expressly waived by each Borrower, and the
obligation, if any, of the holder to extend any further credit hereunder shall
immediately cease and terminate. The non-prevailing party shall pay to the
prevailing party immediately upon demand the full amount of all payments,
advances, charges, costs and expenses, including reasonable attorneys' fees (to
include outside counsel fees and all allocated costs of in-house counsel),
expended or incurred by the non-prevailing party in connection with (a) the
enforcement of Bank's rights and/or the collection of any amounts which become
due to Bank under this Note, and (b) the prosecution or defense of any action in
any way related to this Note, including without limitation, any action for
declaratory relief, whether incurred at the trial or appellate level, in an
arbitration proceeding or otherwise, and including any of the foregoing incurred
in connection with any bankruptcy proceeding (including without limitation, any
adversary proceeding, contested matter or motion brought by Bank or any other
person) relating to any Borrower or Subsidiary (as the term is defined in the
Credit Agreement).

      (b) Obligations Joint and Several. Should more than one person or entity
sign this Note as a Borrower, the obligations of each such Borrower shall be
joint and several.

      (c) Governing Law. This Note shall be governed by and construed in
accordance with the laws of the State of Oregon.

UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK AFTER
OCTOBER 3, 1989 CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR
PERSONAL, FAMILY OR HOUSEHOLD PURPOSES

                                      -5-



OR SECURED SOLELY BY THE BORROWER'S RESIDENCE MUST BE IN WRITING, EXPRESS
CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE.

This Note amends, replaces and supersedes the promissory note in the principal
amount of $30,000,000.00 dated as of April 15, 2004 executed by Borrower
pursuant to the Credit Agreement.

      IN WITNESS WHEREOF, the undersigned has executed this Note as of the date
first written above.

LACROSSE FOOTWEAR, 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

                                      -6-