AGENT’S WARRANT TO PURCHASE 171,000 SHARES OF COMMON STOCK OF NAVARRE CORPORATIONSecurities Agreement • June 27th, 2006 • Navarre Corp /Mn/ • Wholesale-computers & peripheral equipment & software
THIS CERTIFIES THAT, for good and valuable consideration, Craig-Hallum Capital Group LLC (the “Agent”), or its registered assigns, is entitled to subscribe for and purchase from Navarre Corporation, a Minnesota corporation (the “Company”), at any time and from time to time on and after the six month anniversary of the date hereof and up to and including 5:00 p.m. Minneapolis, Minnesota time on March ___, 2008 (the “Expiration Date”), One Hundred Seventy-One Thousand (171,000) fully paid and nonassessable shares of the Common Stock of the Company at the price of $5.00 per share (the “Warrant Exercise Price”), subject to the antidilution provisions of this Warrant. The shares which may be acquired upon exercise of this Warrant are referred to herein as the “Warrant Shares.” As used herein, the term “Holder” means the Agent or any party who acquires all or a part of this Warrant as a registered transferee of the Agent. As used herein, the term “Common Stock” means and includes the Company
