The winner of the tournament received a berth in the second qualifying round of the 2010–11 UEFA Europa League.
The defending champions were Petrovac, who beat Lovćen in the final of the 2008–09 competition.
It started on 16 September 2009 and ended with the final on 19 May 2010.
[1] The 14 winners from the First Round and last year's cup finalists, Petrovac and Lovćen, competed in this round.
[1] The four winners from the Quarter-finals competed in this round.