Document:

NAVARRE CORPORATION

                                 EXHIBIT 10.8.6

As of May 21, 2000

Congress Financial Corporation
  (Central)
150 South Wacker Drive
Chicago, Illinois 60606

                   RE: AMENDMENT NO. 6 TO FINANCING AGREEMENTS

Gentlemen:

         Reference is made to the Loan and Security Agreement, dated June 12,
1997 (the "Loan Agreement") between Congress Financial Corporation (Central)
("Lender") and Navarre Corporation ("Borrower"), as amended by Amendment No. 1
to Financing Agreements, dated as of September 19, 1997, Amendment No. 2 to
Financing Agreements, dated as of October 29, 1997, Amendment No. 3 to Financing
Agreements, dated as of May 1, 1998, Amendment No. 4 to Financing Agreements
dated as of March 1, 1999 and Amendment No. 5 to Financing Agreements dated as
of May 31, 1999, together with all other agreements, documents, supplements and
instruments now or at any time hereafter executed and/or delivered by Borrower
or any other person, with, to or in favor of Lender in connection therewith (all
of the foregoing, together with this Amendment and the other agreements and
instruments delivered hereunder, as the same now exist or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced,
collectively, the "Financing Agreements"). All capitalized terms used herein and
not otherwise defined herein shall have the meanings given to them in the Loan
Agreement.

         Borrower has requested that Lender (a) extend the term of the Financing
Agreements and (b) amend certain terms and provisions of the Financing
Agreements, which Lender is willing to do so to the extent and subject to the
terms and conditions set forth in this Amendment No. 6 to Financing Agreements
(the "Amendment"). In consideration of the foregoing, the mutual agreements and
covenants contained in this Amendment and other good and valuable consideration,
the adequacy and sufficiency of which are hereby acknowledged, Borrower and
Lender agree as follows:

         1. The Loan Agreement is hereby amended as follows:

         (a) Section 1.24 of the Loan Agreement is hereby amended and restated
in its entirety as follows:

                "1.24 "Maximum Credit" shall mean the amount of $25,000,000."

         (b) Section 3.3 of the Loan Agreement is hereby deleted in its
entirety.

         (c) Section 3.4 of the Loan Agreement is hereby amended and restated in
its entirety as follows:

                "Unused Line Fee. Borrower shall pay to Lender monthly unused
line fee at a rate equal to three-eighths (3/8 %) percent per annum calculated
upon the amount by which $25,000,000 exceeds the average daily principal balance
of the outstanding Revolving Loans and Letter of Credit Accommodations during
the immediately preceding month (or part thereof) while this Agreement is in
effect and for so long thereafter as any of the Obligations are outstanding,
which fee shall be payable on the first day of each month in arrears."

         2. Conditions Precedent. The effectiveness of the consent, waiver and
amendments set forth herein shall be subject to the receipt by Lender of each of
the following, in for and substance satisfactory to Lender:

<PAGE>

            (1) an original of this Amendment, duly authorized, executed and
delivered by Borrower; and

            (2) after giving effect to the amendments to the Loan Agreement
provided in this Amendment, no Event of Default shall exist or have occurred and
no event or conditions shall have occurred or exist which with notice or passage
of time or both would constitute an Event of Default.

         3. Effect of this Amendment. This Agreement and any instruments and
agreements delivered pursuant hereto constitute the entire agreement of the
parties with respect to the subject matter hereof and thereof, and supersede all
prior oral or written communications, memoranda, proposals, negotiations,
discussions, term sheets and commitments with respect to the subject matter
hereof and thereof. Except for the specific amendments expressly set forth
herein, no other changes or modifications to or consents or waivers under the
Financing Agreements are hereby specifically ratified, restated and confirmed by
all parties hereto as of the effective date hereof. To the extent of conflict
between the terms of this Amendment and the other Financing Agreements, the
terms of this Amendment shall control. The Loan Agreement and this Amendment
shall be read and construed as one agreement.

         4. Further Assurances. Borrower shall execute and deliver such
additional documents and take such additional action as may be reasonably
requested by Lender to effectuate the provisions and purposes of this Amendment.

         5. Governing Law. The rights and obligations hereunder of each of the
parties hereto shall be governed by and interpreted and determined in accordance
with the internal laws of the State of Illinois (without giving effect to
principles of conflicts of law).

         6. Binding Effect. This Amendment shall be binding upon and inure to
the benefit of each of the parties hereto and their respective successors and
assigns.

         7. Counterparts. This Amendment may be executed in any number of
counterparts, but all of such counterparts shall together constitute but one and
the same agreement. In making proof of this Amendment, it shall not be necessary
to produce or account for more than one counterpart thereof signed by each of
the parties hereto.

     Please sign in the space provided below and return a counterpart of this
Amendment, whereupon this Amendment, as so agreed to and accepted, shall become
a binding agreement between Borrower and Lender.

                                       Very truly yours,

                                       NAVARRE CORPORATION

                                       By:

                                       Title:

AGREED AND ACCEPTED:

CONGRESS FINANCIAL CORPORATION
  (CENTRAL)

By:

Title:NAVARRE CORPORATION

                                  EXHIBIT 10.11

                                    TERM NOTE

$9,596,827.00                                                New Hope, Minnesota
                                                                October 14, 1999

1. FOR VALUE RECEIVED, NETRADIO CORPORATION, a Minnesota corporation, its
successors and assigns (the "Borrower") promises to pay to the order of NAVARRE
CORPORATION, a Minnesota corporation (the "Lender"), at its address at 7400 49th
Avenue North, New Hope, Minnesota 55428, the principal sum of NINE MILLION FIVE
HUNDRED NINETY-SIX THOUSAND EIGHT HUNDRED TWENTY-SEVEN AND 00/100 DOLLARS
($9,596,827.00), in lawful money of the United States and immediately available
funds, together with interest on the unpaid balance accruing as of the date
hereof at an initial rate equal at all times to one-half percent (0.5%) in
excess of the "Prime Rate of Interest" (as hereinafter defined) as the same
changes from time to time and is adjusted in the manner hereinafter set forth.

2. Accrued interest on this Note shall be payable in consecutive monthly
installments commencing on November 14, 1999, and continuing on the fourteenth
(14th) day of each month thereafter. The principal balance hereof, plus accrued
interest thereon, shall be due and payable on the earlier of (i) November 14,
2001, or (ii) the occurrence of an "Event of Default" (as hereinafter defined)
(the earlier of said dates hereinafter referred to as (the "Maturity Date").

3. The term "Prime Rate of Interest" shall mean the prime rate of interest or
reference rate of interest (or equivalent successor rate) published in the
Midwest Edition of the WALL STREET JOURNAL as a basis for determining the rate
of interest on commercial borrowing, whether or not the Lender makes loans to
other parties at, above or below said base rate of interest.

4. The rate of interest due hereunder shall initially be determined as of the
date hereof and shall thereafter be adjusted on the first day of each month
(each such day hereinafter being referred to as an "Adjustment Date") to the
Prime Rate of Interest in effect on such Adjustment Date. All such adjustments
to said rate shall be made and become effective as of the Adjustment Date and
said rate as adjusted shall remain in effect until and including the day
immediately preceding the next Adjustment Date. Interest hereunder shall be
computed on the basis of a year of three hundred sixty (360) days but charged
for actual days principal is unpaid.

5. All payments and prepayments shall, at the option of the Lender, be applied
first to any costs of collection, second to any late charges, third to accrued
interest and the remainder thereof to principal (and, in the case of prepayment
of principal, to installments of principal in the inverse order of their
maturity).

6. Any one or more of the following events shall constitute an "Event of
Default" hereunder and under the documents related hereto:

         (a) the Borrower shall fail to pay when due, any amounts required to be
         paid by the Borrower under this Note or any other indebtedness of the
         Borrower to the Lender whether any such indebtedness is now existing or
         hereafter arises and whether direct or indirect, due or to become due,
         absolute or contingent, primary or secondary or joint or joint and
         several; or

         (b) the Borrower shall file a petition in bankruptcy or for
         reorganization or for an arrangement pursuant to any present or future
         state or federal bankruptcy act or under any similar federal or state
         law, or shall be adjudicated a bankrupt or insolvent, or shall make a
         general assignment for the benefit of its creditors, or shall be unable
         to pay its debts generally as they become due; or if an order for
         relief under any present or future federal bankruptcy act or similar

<PAGE>

         state or federal law shall be entered against the Borrower; or if a
         petition or answer requesting or proposing the entry of such order for
         relief or the adjudication of the Borrower as a debtor or a bankrupt or
         its reorganization under any present or future state or federal
         bankruptcy act or any similar federal or state law shall be filed in
         any court and such petition or answer shall not be discharged or denied
         within thirty (30) days after the filing thereof; or if a receiver,
         trustee or liquidator of the Borrower of all or substantially all of
         the assets of the Borrower or of the collateral or any part thereof,
         shall be appointed in any proceeding brought against the Borrower and
         shall not be discharged within thirty (30) days of such appointment; or
         if the Borrower shall consent to or acquiesce in such appointment; or
         if any property of the Borrower (including without limitation the
         estate or interest of the Borrower in the collateral or any part
         thereof) shall be levied upon or attached in any proceeding; or

         (c) final judgment(s) for the payment of money shall be rendered
         against the Borrower and shall remain undischarged for a period of
         thirty (30) days during which execution shall not be effectively
         stayed; or

         (d) the Borrower shall be or become insolvent (whether in the equity or
         bankruptcy sense) or shall liquidate, dissolve, terminate or suspend
         its business operations or otherwise fail to operate its business in
         the ordinary course, or sell all or substantially all of its assets,
         without the prior written consent of the Lender; or

         (e) any representation or warranty made by the Borrower herein or in
         other any document related hereto shall prove to be untrue or
         misleading in any material respect, or any statement, certificate or
         report furnished hereunder or under any of the foregoing documents by
         or on behalf of the Borrower shall prove to be untrue or misleading in
         any material respect on the date when the facts set forth and recited
         therein are stated or certified; or

         (f) any material adverse change in the condition of the Borrower
         (financial or otherwise) which, in the reasonable opinion of the
         Lender, increases its risk with respect to this Note or any other
         obligations, or the Lender otherwise in good faith deems itself
         insecure for any reason with respect to the payment of this Note, any
         other obligations of the Lender; or

         (g) the Borrower shall fail to pay, withhold, collect or remit any tax
         or tax deficiency when assessed or due (other than any tax or tax
         deficiency which is being contested in good faith and by proper
         proceedings and for which it shall have set aside on its books adequate
         reserves therefor) or notice of any state or federal tax liens shall be
         filed or issued; or

         (h) any property of the Borrower shall be garnished, levied upon, or
         attached in any proceeding and such garnishment or attachment shall
         remain undischarged for a period of thirty (30) days during which
         execution has not been effectively stayed.

7. Notwithstanding anything to the contrary contained herein, if and for so long
as an Event of Default, or an event or condition which with the passage of time
or the giving of notice or both would constitute an Event of Default, has
occurred and continues or exists, the rate of interest hereunder shall be four
and one-half percent (4.5%) per annum in excess of the Reference Rate of
Interest in effect at the time such increased rate of interest is imposed. Such
increased rate of interest is intended to compensate the Lender for (i) the
resulting increased cost of servicing and monitoring the credit facility; and
(ii) the increased risk to the Lender.

8. Upon the occurrence of any Event of Default or at any time thereafter, the
outstanding principal balance hereof and accrued interest and all other amounts
due hereon shall become immediately due and payable, without formal notice or
demand.

9. Upon the occurrence at any time of an Event of Default, the Lender shall have
the right to set off any and all amounts due hereunder by the Borrower to the
Lender against any indebtedness or obligation of the Lender to the Borrower and
while such Event of Default is continuing.

<PAGE>

10. Upon the occurrence at any time of an Event of Default, the Borrower
promises to pay all costs of collection of this Note, including but not limited
to attorneys' fees, paid or incurred by the Lender on account of such
collection, whether or not suit is filed with respect thereto and whether or not
such costs are paid or incurred, or to be paid or incurred, prior to or after
the entry of judgment.

11. Demand, presentment, protest and notice of nonpayment and dishonor of this
Note are hereby waived.

12. This Note shall be governed by and construed in accordance with the laws of
the State of Minnesota.

13. The Borrower irrevocably submits to the jurisdiction of any Minnesota state
court or federal court over any action or proceeding arising out of or relating
to this Note, and any instrument, agreement or document related hereto, and the
Borrower hereby irrevocably agree that all claims in respect of such action or
proceeding may be heard and determined in such Minnesota state or federal court.
The Borrower hereby irrevocably waives, to the fullest extent it may effectively
do so, the defense of an inconvenient forum to the maintenance of such action or
proceeding. The Borrower agrees that judgment final by appeal, or expiration of
time to appeal without an appeal being taken, in any such action or proceeding
shall be conclusive and may be enforced in any other jurisdictions by suit on
the judgment or in any other manner provided by law. Nothing in this paragraph
shall affect the right of the Lender to serve legal process in any other manner
permitted by law or affect the right of the Lender to bring any action or
proceeding against the Borrower or its property in the courts of any other
jurisdiction to the extent permitted by law.

                                       NETRADIO CORPORATION

                                       By:
                                           -----------------------------

                                       Its
                                           -----------------------------

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