X0303 4 2009-09-16 0 0000911650 NAVARRE CORP /MN/ NAVR 0001469348 Green Frederick C IV 7400 49TH AVENUE NORTH. NEW HOPE MN 55428 1 0 0 0 Stock Option (right to buy) 1.85 2010-09-16 2019-09-15 Common Stock 50000 50000 D Director nonqualified stock option covering 50,000 shares of Common Stock granted pursuant to the formula terms contained in the Company's Amended and Restated 2004 Stock Plan, as approved by the shareholders, and exercisable in three annual installments of 16,666, 16,667, and 16,667 shares on September 16, 2010, 2011 and 2012, respectively. /s/ Frederick C. Green IV 2009-09-17