| BANK      CREDIT NOTEWORKING      CAPITAL No.872936441                                                                                  | BRANCH      CODE: 403CLIENT’S      CURRENT ACCOUNT No. 0704691                                                                                                                         |
|-----------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| I – BANK                                                                                                                          | BANCO ABN AMRO REAL S/A,      headquartered in São Paulo/SP, at Avenida Paulista No. 1374 – 3rd      floor, corporate taxpayer register under CNPJ/MF No.      33.066.408/0001-15 |
| II      – CLIENT                                                                                                                  | Corporate      Name:TIM CELULAR      S.A.                                                                                                                                                    | CNPJ:004206050/0001-80 |
| Address:AV GIOVANNI      GRONCHI, 7143                                                                                                  | City:São      Paulo                                                                                                                                                                     | State:SP |
| III      - JOINT DEBTORS                                                                                                                | 1)      Name/Corporate Name                                                                                                                                                             | CPF/CNPJ  |
| Address:                                                                                                                           | City:                                                                                                                                                                                   | State:  |
| 2)      Name/Corporate Name                                                                                                        | CPF/CNPJ                                                                                                                                                                                |
| Address:                                                                                                                           | City:                                                                                                                                                                                   | Address:  |
| 3)      Name/Corporate Name                                                                                                        | CPF/CNPJ                                                                                                                                                                                |
| Address:                                                                                                                           | City:                                                                                                                                                                                   | Address:  |
| IV      – SPECIFICATION OF CREDIT TRANSACTION                                                                                     | 1. Amount of      Loan:R$      150,000,000.00                                                                                                                                                | 2. Maturity      of the first installment:10/15/2008 | 3. Amount of      installment (fixed installments) ACCORDING TO ATTACHED PAYMENT      FLOW |
| 4.Number of      installments: 6                                                                                                        | 5. Final      maturity:04/04/2011                                                                                                                                                            | 6.      Contracting Fee:R$ 150.00 paid in one      installment |
| 7. IOF      AMOUNT:R$ 2,820,000.00 paid in      one installment                                                                         | 8. Effective      Rate:0% p.m.,0% p.y.                                                                                                                                                       | 9. Place of      Payment:RIO      DE JANEIRO |
| 10. Interest      [X] Floating Rate:interest      equivalent to Effective Rate plus 110% of CDI (Interfinance Deposit      Certificate) |
| 11. Form of      payment: [X] Principal according to flow attached plus interest accruing      in period.                               |
| V-      SPECIFICATION OF THE GUARANTEE(S):                                                                                              | None      checked                                                                                                                                                                            |

----

| 1. | CLIENT issues      this Note and promises to pay to the BANK or to its order the amount      indicated in field 1 of Table IV of the preamble, plus the charges      indicated in fields 6, 7 and 10 of table IV of the preamble, in the      location and as form of payment, established in fields 9 and 11 of table      IV of the preamble to 16:00 h (Brasilia time) of each date of payment of      interest or due date, respectively, and in the other clauses below,      recognizing this debt as established, agreed and due on the due dates      contemplated in this Note. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | This Note      represents a loan transaction, for financing of CLIENT’S productive      activity, in the amount indicated in field 1 of table IV of the preamble,      effected by the BANK by credit undertaken, on this date, in the current      account of CLIENT indicated in thepreamble. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Interest,      capitalized daily, as permitted by the legislation in force, equivalent to      one of the rates below, as indicated in table IV of the preamble, shall      accrue on the balances due: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | Prefixed: equivalent to      the effective rate set forth on table IV.                                                                              |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|   | b) | Postfixed: equivalent      to the effective rate set forth in table IV plus the variation of the TR      (Reference Rate), in the accrual period;or |

|   | c) | Floating: equivalent to      the effective rate set forth in table IV, plus a floating rate      corresponding to the percentage indicted in table IV of the preamble of      the CDI rate (average rate for funding in the Brazilian interfinance      market for extragroup transactions, referred to as DI – over, published by      CETIP – Custody and Liquidation Chamber, accumulated in the accrual      period. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.  | In addition      to the interest mentioned above, CLIENT will be due to pay the      following: |
|----------|-------------------------------------------------------------------------------------------------|

|   | a) | Contracting fee, in the      amount set forth in the table (See preamble, published in the branches of      the BANK or posted on its website  (www.bancoreal.com.br); |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | In addition      to the events contemplated in the law, this Note, shall be due      automatically and early, the total balance due becoming immediately      enforceable, if the CLIENT and/or JOINTDEBTORS: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | do not comply      with any of the monetary obligations assumed herein or in the guarantee      instruments, if any, unless (a) this monetary failure is caused by a      technical or administrative error, (b) this amount is paid within 5 (five)      days counting from the due date and (c) the non-monetary failure continues      without remedy for a period of 30 (thirty) days counting from the date on      which the CLIENT in question becomes aware of    noncompliance; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | have provided      any declaration, guarantee or affirmation made or considered as made by      CLIENT pursuant to the terms of this Note, which is or is evidenced to be      incorrect or misleading, in any respected, when made or considered as      made, unless the circumstances that gave origin to this declaration are      (a) subject to being remedied (b) are remedied in the period of 30 days      after the CLIENT in question becomes aware of the      circumstances. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | do not comply      with any of the obligations resulting from other contracts signed with the      BANK or third parties for an amount equal or superior to R$ 75,000,000.00      (seventy-five million reais). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | sustain      protests of financial instruments and/or documents representative of the      debt in an amount superior to R$ 15,000,000.00 (fifteen million reais) for      whose payment it is responsible, except if CLIENT proves that the protest      occurred through errors or bad faith of the protestor or if the protest is      cancelled in the period of 72 (seventy-two) hours after the BANK has      become aware of it. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | e) | sustain any      judicial or extrajudicial measure, which, at the discretion of the BANK,      may affect its capacity to honor its obligations assumed in this Note, or      in the instruments of guarantee, ifany. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f) | propose, or      any member of the Restricted Group proposes, judicial or extrajudicial      recovery, or have their bankruptcy required or decreed, including by any      member of the Restricted Group. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g) | terminate      their activities or have their corporate control modified or transferred      directly or indirectly to third parties, without the BANK’S      authorization. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i) | have, or any      member of the Restricted Group has, any license or concession issued      revoked, cancelled or due, which is necessary for the conducting of their      business, except by the long distance telecommunications      business. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j) | suffer a      process of execution of execution of the guarantee against goods of the      Restricted Group, in which the individual book value or the market value      of these assets, whichever is largest, exceeds R$ 75,000,000.00      (seventy-five million reais) and that is not declared groundless or      suspended within a period of 30 days or a judicial measure is rendered      against the Restricted Group, pursuant to the terms of any bankruptcy,      insolvency or other similar law in force on this date or subsequently,      with the exception, however, that this event of maturity may not be      opposed to CLIENT if the process in question is (i) incoherent or shameful      and is being challenged in good faith by duly brought proceedings and (ii)      it is considered groundless or suspended in the period of 60 days after      valid notification of the execution of if a judicial measure is rendered      against the Restricted Group, pursuant to the terms of any bankruptcy,      insolvency or other similar law, in force on this or a subsequent      date. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k) | do not      effect, or any member of the Restricted Group do not effect, the payment      on the due date of any amount due by it pursuant to the terms of an      unapeallable sentence for an amount equal or superior to R$ 75,000,000.00      (seventy-five million reais). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | l) | dispose of,      hold in guarantee third parties or constitute any kind of lien or      encumbrance on any of its goods or rights, without previous consent by the      BANK, except those that refer to long distance  services. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | m) | suffer, or      any member of the Restricted Group suffers, by any governmental authority,      conviction, confiscation, intervention or misappropriation or      expropriation of all or a significant part of the goods or revenues, with      the exception of the license and of the goods related to the provision of      long distance telecommunicationsservices. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | n) | do not      maintain their assets, which are subject to being insured, insured against      the risks of deterioration orperishing. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | o) | suffer a      relevant change in its economic-financial condition, which, at the      discretion of the BANK, may compromise its capacity to honor the      obligations assumed in this Note or in the guarantee instruments, if      any. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | p) | do no confer      to the BANK the same rights and privileges that any other creditor,      present and future, of CLIENT, which has the same credit rating, being      treated, therefore, in an egalitarian way, in all respects, CLIENT being      bound, when necessary, to execute all the instruments necessary, including      postponements to this Note, so as to ensure egalitarian treatment to the      BANK, except those resulting from loan transactions executed with BNDES or      securitized credits. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | “Restricted      Group” means the CLIENT,      the JOINT DEBTOR, TIM Participações S.A. and TIM Nordeste    S.A. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | ratio between      “Consolidated Net Debt” (defined below) and maximum “Consolidated EBITDA”      (defined below), to be verified from June 2008, of  2.0. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b)  | Minimum      Interest Cover Ratio of 2.25. |
|--|----------|--------------------------------------------|

----

----

|   | 5.3.1. | The provision      of the audit services shall contemplate the full analysis of the financial      statements of the CLIENT with the presentation of the quarterly balance      sheets within 60 days after termination of each quarter and annual audited      balance sheet within 90 days after closure of the fiscal year, as well as      verification of compliance with the financial parameters established in      Clause 5.2 to the maturity date of the transaction represented in this      Note. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.3.2. | The CLIENT      hereby authorizes the Bank, through its representatives and agents, by      notice to the Beneficiary, of at least 24 (twenty-four) hours, in business      hours, free access to all its facilities and to the accounting records,      for assessment of the economic-financial performance of CLIENT and      verification of compliance with the obligations assumed in this      Note. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | In the event      of lack of punctuality in compliance with the monetary obligations      resulting from this Note, on the amounts due shall accrue, from the date      of the default to the date of effective payment: a) arrears interest of 1%      (one percent) per month or fraction; b) remuneration interest collected      per day of delay, calculated according to the interest rate in force on      the payment date, practiced by the Bank in its credit transactions,      published on the BANK’S website (www.bancoreal.com.br – page Loans      –Interest Items – Table of Charges and Default), and c) arrears interest      of 2% (two percent). |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | In the event      of CLIENT requesting the early liquidation, total or partial, of this      debt, it shall pay the amount equivalent to the value of the principal to      be amortized, plus interest due to the end of the contractual period,      deducting the percentage equivalent to the market rate contemplated for      the remaining period at the time of the  liquidation. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.1. | CLIENT      undertakes, moreover, to give minimum notice to the BANK of 1 (one) day,      in the case of intending to amortize or liquidate early the balance due      resulting from this Note. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | CLIENT and/or      the JOINT DEBTORS authorize the BANK, irrevocably and irreversibly, to      debit from their current account, as much as the funds allow, all the      monetary obligations, principal and accessory, resulting from this Note,      including the portions due not yet paid, plus the arrears charges      covenanted herein, CLIENT and/or JOINT DEBTORS undertaking to maintain in      their current account available and sufficient funds to accept such      debits. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | To ensure      compliance with the obligations of this Note, the guarantees set forth in      table V of the preamble, instrumentalized in separate documents, shall be      constituted in favor of the bank, and will be an integral part of this      Note. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | The JOINT      DEBTORS, co-issuers of this Note, declare to be jointly responsible with      CLIENT for compliance with all the monetary obligations, principal and      accessory, contemplated in this Note, promising to pay this debt, which      they recognize as established, agreed and enforceable, pursuant to the      terms of Clause 1. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | CLIENT will      responsible for the expenses incurred by the BANK, with the contracting of      the professional services of lawyers, or collection      company to recover its credits, until legal limits, ensuring equal right      to the CLIENT, if the latter has to collect any amount due to it by      the BANK. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 12. | Tolerance by      any of the parties with noncompliance with the contractual obligations by      the adversary party will be considered mere liberality and will not lead      to novation, pardon or contractualalteration. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | The BANK may      assign or transfer, as a whole or in part, in any form permitted by law,      including by the issue of the Certificates of Bank Credit Note, the      rights, obligations and guarantees of this Note. For such, they may,      deliver to the assignee all the documentation pertaining to credit,      provided that authorized previously byCLIENT. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | CLIENT may      assign or transfer, as a whole or in part, in any form permitted by law,      the rights, obligations and guarantees of this Note to Tim Nordeste S/A      (if this is not CLIENT) or to Tim Celular S;A (if this is not CLIENT),      upon previous notification to theBANK. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | The CLIENT      and/or JOINT DEBTORS authorize the BANK to consult and include the      relevant information to active and passive and guarantee financial      transactions under its liability in the credit information system and      register of the Central Bank ofBrazil. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | CLIENT      declares that the resources resulting from this Clause shall not be      destined to any purposes and/or projects, which may cause social damages      and which do not strictly comply with the legal and regulatory rules that      govern the National EnvironmentalPolicy. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17. | The Parties      hereby recognize that the CLIENT, its directors, administrators, employees      and eventual subcontractors, are subject to observance and compliance with      the “TIM Code of Ethics”, which provides that all the business of CLIENT,      including this Contract, will be marked by respect: (i) for the      environment, including regarding the disposal of batteries, emission of      pollutants, recycling of waste (ii) to the safety and health rules in the      workplace; (iii) to honesty and transparency to its partners, suppliers,      contractors, the market and governmental bodies, (iv) to the interests of      society and of the Parties, above the individual interests of its      employees, representatives and service providers, which may not obtain for      themselves or for another, information, opportunities, business,      advantages, gifts or benefits using the name and reputation of the CLIENT,      or as a result of the performance of the activities. The TIM Ethics Code      is available on the website of TIM Participações S.A. (www.timpatri.com.br      – Area: Corporate Governance, Ethics Code) and filed at its headquarters      and in all of its establishments, available for public      consultation. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18. | The forums of      the Judiciary District of São Paulo or the domicile of the defendant, at      the discretion of the plaintiff, is hereby elected to settle any issues      arising out of this Note. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19. | If any item      or clause of this Note is considered illegal, unenforceable or      ineffective, for any reason, all the other items and clauses shall remain      fully valid and effective. The BANK and the CLIENT hereby undertake to      negotiate, in the shortest possible period, an item or clause, which,      according to the case, substitutes the item or illegal, unenforceable or      ineffective clause. In this negotiation, the objective of the parties on      the date of execution of this instrument shall be considered, as well as      the context in which the item or illegal, unenforceable or ineffective      clause was entered. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.  | The effects of this Note      retroact to 04/18/2008. |
|-----------|-------------------------------------------------------|

| [signature]                                       |   | [signature]              |   | [signature]                  |   |  [signature]           |
|---------------------------------------------------|--------|--------------------------|--------|------------------------------|--------|-----------------------------|
| TIM      CELULAR S.A.                             |   |                     |   | BANCO      ABN AMRO REAL S/A |   |                        |
| Gianandrea      Castelli Rivolta                  |   | Mario Cesar      Pereira |   | Luiza (illegible)            |   | José Carlos      Lopes |
| Administration,      Finance and Control Director |   | President                |   | CPF: 044.6      (illegible)  |   | Manager                     |
|                                              |   |                     |   |                         |   |                        |

| 1._______________________________  | 2._________________________ |   |
|------------------------------------|-----------------------------|--------|
| Name:                              | Name:                       |   |
|                               |                        |   |
| 3.________________________________ |                        |   |
| Name:                              |                        |   |

----

| INSTALLMENT | DATE       | INSTALLMENT      VALUE + CHARGES |
|-------------|------------|----------------------------------|
| 01          | 10/15/2008 | R$      1.00                     |
| 02          | 04/13/2009 | R$      1.00                     |
| 03          | 10/13/2009 | R$      1.00                     |
| 04          | 08/04/2010 | R$      1.00                     |
| 05          | 10/05/2010 | R$      1.00                     |
| 06          | 04/04/2011 | R$      149,999,995.00           |

----

| BANK      CREDIT NOTEWORKING      CAPITAL No.872936777                                                                                    | BRANCH      CODE: 403CLIENT’S      CURRENT ACCOUNT No. 0704691                                                                                                                         |
|-------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| I – BANK                                                                                                                            | BANCO ABN AMRO REAL S/A,      headquartered in São Paulo/SP, at Avenida Paulista No. 1374 – 3rd      floor, corporate taxpayer register under CNPJ/MF No.      33.066.408/0001-15 |
| II      – CLIENT                                                                                                                    | Corporate      Name:TIM CELULAR      S.A.                                                                                                                                                    | CNPJ:004206050/0001-80 |
| Address:AV GIOVANNI      GRONCHI, 7143                                                                                                    | City:São      Paulo                                                                                                                                                                     | State:SP |
| III      - JOINT DEBTORS                                                                                                                  | 1)      Name/Corporate Name                                                                                                                                                             | CPF/CNPJ  |
| Address:                                                                                                                             | City:                                                                                                                                                                                   | State:  |
| 2)      Name/Corporate Name                                                                                                          | CPF/CNPJ                                                                                                                                                                                |
| Address:                                                                                                                             | City:                                                                                                                                                                                   | Address:  |
| 3)      Name/Corporate Name                                                                                                          | CPF/CNPJ                                                                                                                                                                                |
| Address:                                                                                                                             | City:                                                                                                                                                                                   | Address:  |
| IV      – SPECIFICATION OF CREDIT TRANSACTION                                                                                       | 1. Amount of      Loan:R$      -50,000,000.00                                                                                                                                                | 2. Maturity      of the first installment:11/04/2008 | 3. Amount of      installment (fixed installments) ACCORDING TO ATTACHED PAYMENT      FLOW |
| 4.Number of      installments: 6                                                                                                          | 5. Final      maturity:25/04/2011                                                                                                                                                            | 6.      Contracting Fee:R$ 200.00 paid in one      installment |
| 7. IOF      AMOUNT:R$ 938,249,99paid in one      installment                                                                              | 8. Effective      Rate:0% p.m.,0% p.y.                                                                                                                                                       | 9. Place of      Payment:RIO      DE JANEIRO |
| 10. Interest      [X] Floating Rate:interest      equivalent to Effective Rate plus 109,6% of CDI (Interfinance Deposit      Certificate) |
| 11. Form of      payment: [X] Principal according to flow attached plus interest accruing      in period.                                 |
| V-      SPECIFICATION OF THE GUARANTEE(S):                                                                                                | None      checked                                                                                                                                                                            |

----

| 1. | CLIENT issues      this Note and promises to pay to the BANK or to its order the amount      indicated in field 1 of Table IV of the preamble, plus the charges      indicated in fields 6, 7 and 10 of table IV of the preamble, in the      location and as form of payment, established in fields 9 and 11 of table      IV of the preamble to 16:00 h (Brasilia time) of each date of payment of      interest or due date, respectively, and in the other clauses below,      recognizing this debt as established, agreed and due on the due dates      contemplated in this Note. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | This Note      represents a loan transaction, for financing of CLIENT’S productive      activity, in the amount indicated in field 1 of table IV of the preamble,      effected by the BANK by credit undertaken, on this date, in the current      account of CLIENT indicated in thepreamble. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Interest,      capitalized daily, as permitted by the legislation in force, equivalent to      one of the rates below, as indicated in table IV of the preamble, shall      accrue on the balances due: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a)  | Prefixed: equivalent to      the effective rate set forth on table IV.                                                                              |
|--------|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|   | b)       | Postfixed: equivalent      to the effective rate set forth in table IV plus the variation of the TR      (Reference Rate), in the accrual period;or |

|   | c) | Floating: equivalent to      the effective rate set forth in table IV, plus a floating rate      corresponding to the percentage indicted in table IV of the preamble of      the CDI rate (average rate for funding in the Brazilian interfinance      market for extragroup transactions, referred to as DI – over, published by      CETIP – Custody and Liquidation Chamber, accumulated in the accrual      period. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.  | In addition      to the interest mentioned above, CLIENT will be due to pay the      following: |
|----------|-------------------------------------------------------------------------------------------------|

|   | a) | Contracting fee, in the      amount set forth in the table (See preamble, published in the branches of      the BANK or posted on its website  (www.bancoreal.com.br); |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b)  | IOF (Tax on Credit Transactions),      in the amount corresponding to table IV of the      preamble. |
|--|----------|------------------------------------------------------------------------------------------------------|

| 5. | In addition      to the events contemplated in the law, this Note, shall be due      automatically and early, the total balance due becoming immediately      enforceable, if the CLIENT and/or JOINTDEBTORS: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | do not comply      with any of the monetary obligations assumed herein or in the guarantee      instruments, if any, unless (a) this monetary failure is caused by a      technical or administrative error, (b) this amount is paid within 5 (five)      days counting from the due date and (c) the non-monetary failure continues      without remedy for a period of 30 (thirty) days counting from the date on      which the CLIENT in question becomes aware of    noncompliance; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | have provided      any declaration, guarantee or affirmation made or considered as made by      CLIENT pursuant to the terms of this Note, which is or is evidenced to be      incorrect or misleading, in any respected, when made or considered as      made, unless the circumstances that gave origin to this declaration are      (a) subject to being remedied (b) are remedied in the period of 30 days      after the CLIENT in question becomes aware of the      circumstances. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | do not comply      with any of the obligations resulting from other contracts signed with the      BANK or third parties for an amount equal or superior to R$ 75,000,000.00      (seventy-five million reais). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | sustain      protests of financial instruments and/or documents representative of the      debt in an amount superior to R$ 15,000,000.00 (fifteen million reais) for      whose payment it is responsible, except if CLIENT proves that the protest      occurred through errors or bad faith of the protestor or if the protest is      cancelled in the period of 72 (seventy-two) hours after the BANK has      become aware of it. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | e) | sustain any      judicial or extrajudicial measure, which, at the discretion of the BANK,      may affect its capacity to honor its obligations assumed in this Note, or      in the instruments of guarantee, ifany. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f) | propose, or      any member of the Restricted Group proposes, judicial or extrajudicial      recovery, or have their bankruptcy required or decreed, including by any      member of the Restricted Group. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g) | terminate      their activities or have their corporate control modified or transferred      directly or indirectly to third parties, without the BANK’S      authorization. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i) | have, or any      member of the Restricted Group has, any license or concession issued      revoked, cancelled or due, which is necessary for the conducting of their      business, except by the long distance telecommunications      business. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j) | suffer a      process of execution of execution of the guarantee against goods of the      Restricted Group, in which the individual book value or the market value      of these assets, whichever is largest, exceeds R$ 75,000,000.00      (seventy-five million reais) and that is not declared groundless or      suspended within a period of 30 days or a judicial measure is rendered      against the Restricted Group, pursuant to the terms of any bankruptcy,      insolvency or other similar law in force on this date or subsequently,      with the exception, however, that this event of maturity may not be      opposed to CLIENT if the process in question is (i) incoherent or shameful      and is being challenged in good faith by duly brought proceedings and (ii)      it is considered groundless or suspended in the period of 60 days after      valid notification of the execution of if a judicial measure is rendered      against the Restricted Group, pursuant to the terms of any bankruptcy,      insolvency or other similar law, in force on this or a subsequent      date. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k) | do not      effect, or any member of the Restricted Group do not effect, the payment      on the due date of any amount due by it pursuant to the terms of an      unapeallable sentence for an amount equal or superior to R$ 75,000,000.00      (seventy-five million reais). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | l) | dispose of,      hold in guarantee third parties or constitute any kind of lien or      encumbrance on any of its goods or rights, without previous consent by the      BANK, except those that refer to long distance  services. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | m) | suffer, or      any member of the Restricted Group suffers, by any governmental authority,      conviction, confiscation, intervention or misappropriation or      expropriation of all or a significant part of the goods or revenues, with      the exception of the license and of the goods related to the provision of      long distance telecommunicationsservices. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | n) | do not      maintain their assets, which are subject to being insured, insured against      the risks of deterioration orperishing. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | o) | suffer a      relevant change in its economic-financial condition, which, at the      discretion of the BANK, may compromise its capacity to honor the      obligations assumed in this Note or in the guarantee instruments, if      any. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | p) | do no confer      to the BANK the same rights and privileges that any other creditor,      present and future, of CLIENT, which has the same credit rating, being      treated, therefore, in an egalitarian way, in all respects, CLIENT being      bound, when necessary, to execute all the instruments necessary, including      postponements to this Note, so as to ensure egalitarian treatment to the      BANK, except those resulting from loan transactions executed with BNDES or      securitized credits. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | ratio between      “Consolidated Net Debt” (defined below) and maximum “Consolidated EBITDA”      (defined below), to be verified from June 2008, of  2.0. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b)  | Minimum      Interest Cover Ratio of 2.25. |
|--|----------|--------------------------------------------|

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|   | 5.3.1. | The provision      of the audit services shall contemplate the full analysis of the financial      statements of the CLIENT with the presentation of the quarterly balance      sheets within 60 days after termination of each quarter and annual audited      balance sheet within 90 days after closure of the fiscal year, as well as      verification of compliance with the financial parameters established in      Clause 5.2 to the maturity date of the transaction represented in this      Note. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.3.2. | The CLIENT      hereby authorizes the Bank, through its representatives and agents, by      notice to the Beneficiary, of at least 24 (twenty-four) hours, in business      hours, free access to all its facilities and to the accounting records,      for assessment of the economic-financial performance of CLIENT and      verification of compliance with the obligations assumed in this      Note. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | In the event      of lack of punctuality in compliance with the monetary obligations      resulting from this Note, on the amounts due shall accrue, from the date      of the default to the date of effective payment: a) arrears interest of 1%      (one percent) per month or fraction; b) remuneration interest collected      per day of delay, calculated according to the interest rate in force on      the payment date, practiced by the Bank in its credit transactions,      published on the BANK’S website (www.bancoreal.com.br – page Loans      –Interest Items – Table of Charges and Default), and c) arrears interest      of 2% (two percent). |
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| 7. | In the event      of CLIENT requesting the early liquidation, total or partial, of this      debt, it shall pay the amount equivalent to the value of the principal to      be amortized, plus interest due to the end of the contractual period,      deducting the percentage equivalent to the market rate contemplated for      the remaining period at the time of the  liquidation. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.1. | CLIENT      undertakes, moreover, to give minimum notice to the BANK of 1 (one) day,      in the case of intending to amortize or liquidate early the balance due      resulting from this Note. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | CLIENT and/or      the JOINT DEBTORS authorize the BANK, irrevocably and irreversibly, to      debit from their current account, as much as the funds allow, all the      monetary obligations, principal and accessory, resulting from this Note,      including the portions due not yet paid, plus the arrears charges      covenanted herein, CLIENT and/or JOINT DEBTORS undertaking to maintain in      their current account available and sufficient funds to accept such      debits. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | To ensure      compliance with the obligations of this Note, the guarantees set forth in      table V of the preamble, instrumentalized in separate documents, shall be      constituted in favor of the bank, and will be an integral part of this      Note. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | The JOINT      DEBTORS, co-issuers of this Note, declare to be jointly responsible with      CLIENT for compliance with all the monetary obligations, principal and      accessory, contemplated in this Note, promising to pay this debt, which      they recognize as established, agreed and enforceable, pursuant to the      terms of Clause 1. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | CLIENT will      responsible for the expenses incurred by the BANK, with the contracting of      the professional services of lawyers, or collection      company to recover its credits, until legal limits, ensuring equal right      to the CLIENT,  f the latter has to collect any amount      due to it by the BANK. |
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| 12. | Tolerance by      any of the parties with noncompliance with the contractual obligations by      the adversary party will be considered mere liberality and will not lead      to novation, pardon or contractualalteration. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | The BANK may      assign or transfer, as a whole or in part, in any form permitted by law,      including by the issue of the Certificates of Bank Credit Note, the      rights, obligations and guarantees of this Note. For such, they may,      deliver to the assignee all the documentation pertaining to credit,      provided that authorized previously byCLIENT. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | CLIENT may      assign or transfer, as a whole or in part, in any form permitted by law,      the rights, obligations and guarantees of this Note to Tim Nordeste S/A      (if this is not CLIENT) or to Tim Celular S;A (if this is not CLIENT),      upon previous notification to theBANK. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | The CLIENT      and/or JOINT DEBTORS authorize the BANK to consult and include the      relevant information to active and passive and guarantee financial      transactions under its liability in the credit information system and      register of the Central Bank ofBrazil. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | CLIENT      declares that the resources resulting from this Clause shall not be      destined to any purposes and/or projects, which may cause social damages      and which do not strictly comply with the legal and regulatory rules that      govern the National EnvironmentalPolicy. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17. | The Parties      hereby recognize that the CLIENT, its directors, administrators, employees      and eventual subcontractors, are subject to observance and compliance with      the “TIM Code of Ethics”, which provides that all the business of CLIENT,      including this Contract, will be marked by respect: (i) for the      environment, including regarding the disposal of batteries, emission of      pollutants, recycling of waste (ii) to the safety and health rules in the      workplace; (iii) to honesty and transparency to its partners, suppliers,      contractors, the market and governmental bodies, (iv) to the interests of      society and of the Parties, above the individual interests of its      employees, representatives and service providers, which may not obtain for      themselves or for another, information, opportunities, business,      advantages, gifts or benefits using the name and reputation of the CLIENT,      or as a result of the performance of the activities. The TIM Ethics Code      is available on the website of TIM Participações S.A.      (www.timpatri.com.br) – Area: Corporate Governance, Ethics Code) and filed      at its headquarters and in all of its establishments, available for public      consultation. |
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| 18. | The forums of      the Judiciary District of São Paulo or the domicile of the defendant, at      the discretion of the plaintiff, is hereby elected to settle any issues      arising out of this Note. |
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| 19. | If any item      or clause of this Note is considered illegal, unenforceable or      ineffective, for any reason, all the other items and clauses shall remain      fully valid and effective. The BANK and the CLIENT hereby undertake to      negotiate, in the shortest possible period, an item or clause, which,      according to the case, substitutes the item or illegal, unenforceable or      ineffective clause. In this negotiation, the objective of the parties on      the date of execution of this instrument shall be considered, as well as      the context in which the item or illegal, unenforceable or ineffective      clause was entered. |
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| 20.  | The effects of this Note      retroact to 04/18/2008. |
|-----------|-------------------------------------------------------|

| [signature]                                       |   | [signature]              |   | [ignature]                   |   | [signature]                 |
|---------------------------------------------------|--------|--------------------------|--------|------------------------------|--------|-----------------------------|
| TIM      CELULAR S.A.                             |   |                     |   | BANCO      ABN AMRO REAL S/A |   |                        |
| Gianandrea      Castelli Rivolta                  |   | Mario Cesar      Pereira |   | Luiza (illegible)            |   | José Carlos      Lopes |
| Administration,      Finance and Control Director |   | President                |   | CPF: 044.6      (illegible)  |   | Manager                     |
|                                              |   |                     |   |                         |   |                        |

| 1._______________________________  | 2._________________________ |   |   |   |   |   |
|------------------------------------|-----------------------------|--------|--------|--------|--------|--------|
| Name:                              | Name:                       |   |   |   |   |   |
|                               |                        |   |   |   |   |   |
| 3.________________________________ |                        |   |   |   |   |   |
| Name:                              |                        |   |   |   |   |   |

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| INSTALLMENT | DATE       | INSTALLMENT      VALUE + CHARGES |
|-------------|------------|----------------------------------|
| 01          | 11/04/2008 | R$      1.00                     |
| 02          | 05/04/2009 | R$      1.00                     |
| 03          | 11/03/2009 | R$      1.00                     |
| 04          | 05/03/2010 | R$      1.00                     |
| 05          | 11/01/2010 | R$      1.00                     |
| 06          | 04/25/2011 | R$      49,999,995.00            |

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