Document:

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                                                                    Exhibit 4.23
                                                              (Free Translation)

   QUOTA PLEDGE AGREEMENT WITH AN AMICABLE SALE CLAUSE AND OTHER COVENANTS

This Quota Pledge Agreement with an Amicable Sale Clause and Other Covenants
("AGREEMENT"), signed on [   ] 2005, is made by and between the following
parties ("PARTIES"):

      (a) NET SERVICOS DE COMUNICACAO S.A., a sociedade anonima, with
headquarters in the City of Sao Paulo, State of Sao Paulo, at Rua Verbo Divino,
No. 1356, enrolled in the National Register of Legal Entities (CNPJ) under No.
00.108.786/0001-65, herein represented according to its Bylaws ("NET SERVICOS");

      (b) each of the companies listed and identified in "Schedule 2" of this
Agreement, herein represented according to the terms of their respective Bylaws
and Articles of Association (together with Net Servicos, "NET COMPANIES",
namely, the companies making up the Pledge, as defined and specified below);

      (c) each of the institutions listed and identified in "Schedule 2" of this
Agreement (the "CREDITORS"), herein represented by the collateral agent
mentioned below;

      (d) each of the companies listed and identified in "Schedule 10", herein
represented according to its Articles of Association, as consenting intervening
parties ("INTERVENING PARTIES", namely, the companies issuers of the Pledged
Quotas, as specified below); and

      (e) BANCO ITAU S.A., a Brazilian financial institution, with headquarters
in the City of Sao Paulo, State of Sao Paulo, at Praca Alfredo Egydio Souza
Aranha No. 100, Torre Itausa, enrolled in CNPJ under No. 60.701.190/0001-04,
herein represented according to its Bylaws, as collateral agent (the "COLLATERAL
AGENT").

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WHEREAS:

      (1) Net Servicos and/or some of its controlled companies were originally
debtors in a number of loans contracted in Brazil and abroad ("DEBT"), which
were not paid according to the terms of their respective instruments; the total
loans integrating the Debt are listed in the Term Sheet mentioned in whereas
clause (2) below;

      (2) Net Servicos, on its own behalf and on behalf of some of its
controlled companies, and the Creditors negotiated in good faith a restructuring
plan for the Debt, as per the Term Sheet that integrates the Commitment Letters
executed by Net Servicos, certain companies controlled by Net Servicos and
several Creditors, which was the subject matter of the relevant fact published
by Net Servicos on June 28, 2004 ("RESTRUCTURING PLAN");

      (3) as part of the actual implementation of the Restructuring Plan, Net
Servicos and certain companies controlled by Net Servicos, on one part, and the
Creditors, on the other part, amended and/or formalized, or undertook to
formalize and/or amend, the substitution of the original debt instruments of the
Debt in order to reflect the terms of the Restructuring Plan, through the debt
instruments listed and identified in "Schedule 3" ("DEBT INSTRUMENTS");

      (4) in addition to the Debt Instruments and this Agreement, as part of the
Restructuring Plan formalization, Net Servicos executed, among others, the
following instruments:

            (a) on this date, together with certain duly identified controlled
companies, the Creditors and the Collateral Agent, Net Servicos executed the
Intercreditor Agreement, a copy of which is an integral part hereof as "Schedule
4" ("INTERCREDITOR AGREEMENT");

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            (b) on this date, together with Net Sao Paulo Ltda., the Creditors
represented by the Collateral Agent, and the Centralizing Bank, Net Servicos
executed the Receivables Pledge Agreement with an Amicable Enforcement Clause;

            (c) on this date, together with Net Rio S.A., the Creditors
represented by the Collateral Agent, and the Centralizing Bank, Net Servicos
executed the Receivables Pledge Agreement with an Amicable Enforcement Clause;

            (d) on this date, together with certain duly identified controlled
companies and the Creditors represented by the Collateral Agent, Net Servicos
executed the Share Pledge Agreement with an Amicable Sale Clause and Other
Covenants; and

            (e) on this date, together with certain duly identified controlled
companies and the Creditors represented by the Collateral Agent, Net Servicos
executed the Asset Pledge Agreement with an Amicable Sale Clause and Other
Covenants (the pledge agreements mentioned in whereas clauses 4(b), (c), (d) and
(e), are hereinafter referred to jointly as "ADDITIONAL PLEDGE AGREEMENTS");

      (5) pursuant to the terms agreed in the Debt Instruments, in the
Intercreditor Agreement and herein, in order to ensure full compliance with all
obligations contemplated in the Debt Instruments, NET Companies agree, pursuant
to the terms and conditions hereof, to make a pledge in favor of the Creditors
on the total current and future quotas representing the capital stock of the
Intervening Party(ies);

      (6) subject to the terms and conditions established in the Debt
Instruments, in the Intercreditor Agreement and in this Agreement, the content
of which NET Companies, Net Servicos, on its own behalf and that of its
controlled companies, the Intervening Party(ies), the Creditors and the
Collateral Agent declare to be fully acquainted with and undertake irrevocably
and irreversibly to observe, the Collateral Agent was appointed as

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representative of the Creditors, with the duties, rights and obligations set
forth in the Intercreditor Agreement and in this Agreement, including with
respect to enforcement of the guarantees mentioned in whereas clause (5) above
and to allocation of the corresponding funds among Creditors.

NOW THEREFORE, the Parties decide to execute this Agreement, which will be
governed by the following terms and conditions:

I. - CREATION OF THE PLEDGE

1.1. - Subject to the provisions of this Agreement and of the Intercreditor
Agreement, and to ensure full compliance with all the pecuniary obligations
assumed in the Debt Instruments, including full payment of the principal,
interest and any and all other charges due by NET Companies and/or the
controlled companies of Net Servicos, contemplated in the Debt Instruments,
including with respect to reimbursement of any and all amounts that the
Collateral Agent, justifiably and upon evidence, may reasonably disburse by
virtue of the creation, maintenance and/or enforcement of the pledge contracted
herein (jointly, the "SECURED OBLIGATIONS"), based on the general provisions of
Articles 1419 et seq. of the Brazilian Civil Code in effect (the "CIVIL CODE"),
by this instrument and in the best form of law, each of NET Companies hereby
pledges in favor of Creditors, irrevocably and irreversibly, all of the Quotas
held by NET Companies in the capital of the Intervening Party(ies) listed on
"Schedule 5" hereto (the "PLEDGE" or "PLEDGED ASSETS").

1.2. - With due regard for the provisions of the Debt Instruments, of the
Intercreditor Agreement and of this Agreement, NET Companies hereby undertake to
include in this Pledge (a) any and all of its additional quotas issued by the
Intervening Party(ies), whether through third-party acquisition, subscription,
splitting, stock dividends or otherwise; (b) any and all quotas issued by other
companies which NET Companies may receive, as a result of any merger, spin-off,
amalgamation, transformation, capital subscription or any other corporate
reorganization transaction involving the Intervening Party(ies); and (c) any

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and all quotas issued by company(ies) to be organized or acquired, which NET
Companies may receive. NET Companies undertake to ensure that such company(ies)
to be organized integrate the Pledge in the capacity of Intervening Party(ies),
unless, in the events described in items (b) and (c), such company is deemed to
be an Unrestricted Controlled Company pursuant to the Debt Instruments
(collectively, the "NEW QUOTAS").

1.2.1. - For purposes of compliance with Clause 1.2 above, NET Companies
undertake to update "Schedule 5" hereof, by making an addendum hereto, in order
to formalize the pledge in relation to the New Quotas, whenever and only to the
extent that any of the events set out in Clause 1.2, items (a), (b), or (c)
occurs, with due regard for the provisions in Clauses 10.2 and 10.2.1 below.

1.2.2. - The Creditors and the Collateral Agent hereby agree upon the
cancellation of the quotas issued by the companies listed on "Schedule 11",
which, pursuant to the Debt Instruments and the Intercreditor Agreement, shall
be settled and terminated, and shall not be considered a violation or reduction
of the Pledge.

1.3. - Except for the provisions set out in the Debt Instruments, in the
Intercreditor Agreement and in this Agreement, NET Companies hereby undertake
irrevocably and irreversibly to ensure that, as guarantee for full compliance
with the Secured Obligations related to the Debt Instruments, between this date
and the Pledge Termination Date, the Pledged Assets and the New Quotas (jointly,
the "PLEDGED QUOTAS"), are duly pledged in favor of Creditors.

1.4. - If the Collateral Agent finds any irregularity in the performance of the
obligations contemplated in Clauses 1.3, 10.2 and 10.2.1, NET Companies, after
duly notified by Collateral Agent, will have 05 (five) business days to
regularize compliance with the obligations contemplated in such Clauses.

1.4.1. In the event of any irregularity in performance of all the obligations
hereof for which

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there is no specific term for regularization, the responsible party, after duly
notified, will have 10 (ten) business days to effect the regularization.

1.5. - Pursuant to the terms of the Debt Instruments and the Intercreditor
Agreement, and for all effects and purposes hereof, Creditors and/or Collateral
Agent are expressly forbidden to appropriate the yields of the Pledged Quotas,
and Net Servicos, NET Companies and Intervening Party(ies) may enjoy and dispose
freely of such yields as they find most convenient, except if (i) NET Companies
are in default with respect to the Secured Obligations, or (ii) the Debt
Instruments establish otherwise.

1.6. Without prejudice to the provisions of any other clause hereof, immediately
after the occurrence and during the existence of a Financial Statement
Registration Event, the pledge on the Pledged Quotas issued by the Intervening
Parties (and on the credit rights arising from them) shall, in connection with
the Senior Notes (as defined in Clause 1.6.2 below), immediately cease to be
part of the Pledge.

1.6.1 "FINANCIAL STATEMENT REGISTRATION EVENT" means, with respect to any of the
Intervening Party(ies), any requirement based on laws, norms and/or regulatory
rules of any jurisdiction, to be registered with the Securities & Exchange
Commission in the United States of America, or with any other governmental body
of any jurisdiction, those Financial Statements that are independent from said
Intervening Party(ies), as a result of the quota pledge granted by such
Intervening Party (ies) to the Senior Note holders.

1.6.2. "SENIOR NOTES" means the Senior Secured Notes falling due in 2010, issued
under the Restructuring Plan, which were swapped by the Senior Guaranteed Notes
issued by Net Servicos under its former name Multicanal Participacoes S.A. in
1996;

1.7. - For purposes of Article 1424 of the Civil Code, it is expressly
covenanted by the Parties that the principal conditions and characteristics of
each of the Secured Obligations are those established in each of the Debt
Instruments. The total estimated principal amount

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of the Secured Obligations, the final maturity date and the maximum interest
rate provided for such Secured Obligations are, in each case and on this date,
those set forth in "Schedule 6" hereof, which schedule, regardless of any
formality, and according to the payments made under the Debt Instruments, will
automatically reflect the amortizations of the Secured Obligations, as well as
any additions arising from the inclusion of new credits of Joining Creditors,
and the respective contractual and legal charges assessed on the Secured
Obligations.

1.8. - The Pledge now created will take full force and effect as from this date
and will remain fully effective until the date on which all the Secured
Obligations related to the Debt Instruments have been fully and definitively
paid ("PLEDGE TERMINATION DATE").

1.9. - During the period comprised between this date and the Pledge Termination
Date, the Pledge will benefit only the Creditors.

1.10. - For purposes of this Pledge, the Intervening Party(ies), on this date:

      (a) will include in the Articles of Association of the Intervenient
Parties the following clause:

CLAUSE [   ] - PLEDGED QUOTAS"As set forth in the Quota Pledge Agreement with an
Amicable Sale Clause and Other Covenants executed on [   ] 2005 between the
quotaholders, the creditors listed in Schedule , [   ] as the Collateral Agent
and the Company ("Pledge Agreement"), all the Quotas that represents the capital
stock of the Company was pledged from [   ] until the full and final payment of
the Debt Instruments' credits listed in "Schedule 3" of the Pledge Agreement, to
guarantee the Secured Obligations of the Creditors listed in "Schedule 2" of
such agreement. In addition to the Quotas, the pledge referred to herein
encumbers any and all new that may be issued by the Company, always so as to
assure the pledge of all the quotas issued by the Company. SOLE PARAGRAPH - With
due regard for the provisions in Clauses 2.1 and 2.1.1 of the Pledge

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Agreement, in the Intercreditor Agreement and in the Debt Instruments, the
quotas owned by Net Servicos, and [   ], and the rights inherent to them may not
be assigned, transferred or in any other way encumbered to the other
shareholders or to third parties.

      (b) will have delivered to the Collateral Agent certified copies of the
pages of the Bylaws of the Intervening Parties dully signed by each party,
including the clause mentioned above.

1.10.1. The provisions of Clause 1.10 above apply to the New Quotas.

1.11. - The NET Companies and the Intervening Party(ies) ("GRANTORS"), hereby
and in the best form of law, irrevocably and irreversibly appoint and constitute
Net Servicos as their attorney-in-fact, conferring to it ample and special ad
negotia powers specifically to represent the Grantors, for all the purposes of
this Agreement, before the Creditors and/or the Collateral Agent. Pursuant to
the terms and conditions of this Agreement and of the Intercreditor Agreement,
Net Servicos is hereby authorized to take all the measures necessary for
compliance with the obligations covenanted herein as well as to defend and
protect Grantors' interests, and for this purpose it may, without any
limitation, sign any and all documents, send and receive any and all notices or
communications, sign amendments hereto, receive and grant release, represent
Grantors at Registries of Deeds and Documents, Real Estate Registries, Boards of
Trade and any others, and perform all acts necessary for the validity and
effectiveness hereof. When, due to the nature of the act, it is necessary for
Net Servicos to be granted powers by means of an appropriate, public or private
document, or it is necessary to obtain special and/or additional powers to those
now granted by Grantors to Net Servicos, the latter will be responsible, at its
own account and risk, for obtaining the proper powers, undertaking, upon request
by the Collateral Agent, to supply evidence of compliance with the provisions
contained herein.

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II. - RESTRICTIONS WITH RESPECT TO DISPOSAL OR ENCUMBRANCE OF THE PLEDGED QUOTAS

2.1. - Between this date and the Pledge Termination Date, except for the events
(i) expressly permitted in the Debt Instruments, to which the Restructuring
Creditors (as defined in the Intercreditors Agreement) are parties, and (ii)
that are not expressly prohibited by any Joining Debt Instrument (as defined in
the Intercreditors Agreement), NET Companies and the Intervening Party(ies) may
not dispose of, sell, assign, transfer, grant as loan for use, lend, swap, or
convey to the capital stock of companies other than Restricted Controlled
Companies, establish any usufruct or common trust, create any other lien,
encumbrance or collateral security in addition to the Pledge contracted herein,
or otherwise dispose of, fully or partially, directly or indirectly, free of
charge or for remuneration, the Pledged Quotas, the Intervening Party(ies)
undertaking not to give effect to any of such acts that have been performed
without the necessary previous written consent from the Collateral Agent,
according to the terms of the Intercreditor Agreement and the Debt Instruments.

2.1.1. If the NET Companies perform any of the acts mentioned in Clause 2.1
above in the events (i) expressly permitted under the Debt Instruments, to which
the Restructuring Creditors (as defined in the Intercreditors Agreement) are
parties, and (ii) that are not expressly prohibited by any Joining Debt
Instrument (as defined in the Intercreditors Agreement), the Collateral Agent
shall immediately, within at most 5 (five) business days of a request from Net
Servicos, sign any waiver, notice, addendum or another document that is
reasonably requested by Net Servicos and prepared by it, which may be necessary
for release of the pledge on the corresponding quotas and implementation of such
act, regardless of previous consultation and/or approval by the Creditors, and
all costs related to such acts shall be borne by the NET Companies and/or by Net
Servicos.

2.2. - Except for already existing attachments, as listed in "Schedule 8", and
Permitted Guarantees, as defined in the Debt Instruments, as soon as Net
Servicos or NET

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Companies become aware of the existence of any third party act which may lead to
a threat of encumbrance and/or effectively result in the encumbrance of the
Pledged Quotas ("THIRD PARTY ACT"), Net Servicos or any of the NET Companies
shall inform the Collateral Agent of such Third Party Act, providing it with the
information and documents available to them, and, regardless of any act by NET
Companies, Creditors will be exclusively responsible, through the Collateral
Agent, as provided for in the Intercreditor Agreement, and taking advantage of
their preemptive rights, to adopt all applicable judicial and/or extrajudicial
measures intended, for all legal purposes and for the purposes hereof, to
preserve and maintain the integrity and validity of the Pledge, and/or fully
recompose the Pledge, so that it remains always in full force, and in the events
of default with respect to Secured Obligations, it continues to enable
Creditors, exclusively by means of the Collateral Agent, to enforce the Pledge,
as provided for herein. Without prejudice to the above conditions, NET Companies
undertake to take promptly the judicial and/or extrajudicial measures necessary
to preserve the Pledge and the full exercise of the contractual and legal rights
conferred to Creditors herein.

2.3. - The reimbursements of court costs, expenses and attorneys' fees arising
out of the exercise of Creditors' preemptive right, will be made upon
presentation of the respective payment slips. The attorneys' fees will only be
reimbursed if they are (a) within the market value charged by first class
offices situated in the Sao Paulo - Rio de Janeiro area, and are compatible with
the amount involved in the claim; and if they are (b) duly evidenced and
justified, by appropriate supporting documentation, such as the corresponding
invoices or debit notes for services provided.

2.4. - In the judicial execution actions brought against NET Companies by third
parties, NET Companies are required to make their best endeavors to enforce this
Pledge, undertaking for such: (a) not to indicate the Pledged Quotas for
attachment; (b) to timely challenge any attachment of the Pledged Quotas, in all
jurisdiction levels, by filing applicable appeals; (c) to timely submit the
applicable defenses in the execution; (d) not to hinder the exercise of the
preemptive right by Creditors, but to collaborate with Creditors

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for such right to actually prevail; and (e) to inform the Collateral Agent of
the existence of any execution or collection action filed against any of NET
Companies, the amount of which is equal to or higher than R$1,000,000.00 (one
million reais), even if there is no attachment of the Pledged Quotas
immediately, but always within at most 5 (five) business days after becoming
aware, by any means, of the existence of said executions or actions; and (f) to
send, whenever requested, reports to the Collateral Agent for the benefit of
Creditors with updated information on the status of the execution or collection
actions filed against any of NET Companies, involving an amount equal to or
higher than R$1,000,000.00 (one million reais). For purposes of this clause,
"collection action" means any procedural, administrative or judicial means,
including the arbitral means, in which a party requests that NET Companies be
sentenced to pay any debt for an amount equal to or higher than said amount.

III. - EXERCISE OF THE RIGHTS INHERENT TO THE PLEDGED QUOTAS

3.1. - Subject to the applicable provisions contemplated in the Debt
Instruments, in the Intercreditor Agreement and in the law, NET Companies may
exercise, without any limitation or restriction, with the exceptions provided
herein, including with respect to the provisions of Clause 3.2 below, any and
all voting rights, as well as any other rights related to the Pledged Quotas.

3.2. - Without prejudice to the provisions of the Intercreditor Agreement and of
the Debt Instruments, if the early maturity of any of the Secured Obligations is
declared, subject to the terms and conditions of the Debt Instruments, of the
Intercreditor Agreement and of this Agreement, until the Creditors have resolved
on the enforcement of the Pledge according to the Intercreditor Agreement and
while the Pledge is being enforced, the NET Companies' exercise of the voting
right related to the Pledged Quotas in any corporate acts whose purpose is to
deliberate on any of the matters described below will be subject to the prior
written consent of the Collateral Agent, on behalf of Creditors:

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      (a) creation or issue of any security or bond by the Intervening
Party(ies);

      (b) alteration of the preferences, advantages and conditions of the quotas
issued by the Intervening Party(ies);

      (c) change of the Intervening Party(ies)' corporate purpose, resulting in
a right of redress by any quotaholder of the Intervening Party(ies);

      (d) dissolution of the Intervening Party(ies);

      (e) any type of corporate reorganization, including, but not limited to,
merger, spin-off, amalgamation or transformation involving the Intervening
Party(ies); and

      (f) distribution of dividends, interest on own capital, amortization and
redemption of quotas and other distributions of profits in cash, except if there
is evidence that the funds thus received are used by NET Companies for payment
of the Debt Instruments.

3.2.1. - For the purposes contemplated in this Clause 3.2, NET Companies shall
inform the Collateral Agent, at least 15 (fifteen) business days in advance, of
the dates on which the corporate events are to be held, the purpose of which is
to deliberate on any of the aforementioned matters, so that the Collateral
Agent, on behalf of the Creditors, can previously inform NET Companies whether
or not they will exercise their voting right, setting, if applicable, a vote to
be issued by NET Companies. It is hereby agreed that in the absence of any
manifestation by the Collateral Agent, NET Companies may vote without limitation
or restriction, according to their convenience.

3.2.2. - As a result of the provisions in this Clause 3.2, (a) NET Companies
undertake to attend the deliberative meetings of the Intervening Party(ies), and
to follow the voting

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instruction given by the Collateral Agent as contemplated in this Clause 3.2,
(b) the Intervening Party(ies) undertake to send to the Collateral Agent a
certified copy of the minutes of any and all corporate acts, including previous
meetings of quotaholders, if applicable, dealing with these matters, and which
have occurred after declaration of the early maturity of the Secured
Obligations, within 5 (five) business days of the respective occurrence.
Whenever the minutes of the quotaholders' meeting and the amendments in the
Articles of Association are registered at the Board of Trade of the State in
which the headquarters of the Intervening Party(ies) are located, the latter
shall further send to Collateral Agent a certified copy of the duly registered
document within 5 (five) business days from the respective registration.

IV. - ENFORCEMENT OF THE PLEDGE

4.1. - AMICABLE SALE. Subject to the provisions of the Intercreditor Agreement
and of this Agreement, in the event of default on the Secured Obligations, and
if, according to the terms and conditions of the Intercreditor Agreement, the
Creditors instruct the Collateral Agent to enforce the Pledge, the Collateral
Agent, on behalf of Creditors and in accordance with the conditions and
requirements of the Intercreditor Agreement, shall enforce the Pledge pursuant
to the formalities set out in Clause 4.2. below and of the Intercreditor
Agreement by selling the Pledged Quotas to any third party, at sight and against
cash payment, preferentially in a single block, and it is hereby entitled to
exercise all the rights and perform all the acts contemplated in item IV of
Article 1433 and in Article 1459 of the Civil Code and in paragraph 2 of Article
120 of Decree-law No. 7661 of June 21, 1945.

4.2. - In the event of exercise of the enforcement right contemplated in Clause
4.1 above, the Collateral Agent is hereby expressly, irrevocably and
irreversibly authorized to promote the amicable sale of the Pledged Quotas,
according to the procedures below. Collateral Agent shall use the proceeds of
said sale to pay and settle the Secured Obligations, as established in the
Intercreditor Agreement, as well as any and all costs, expenses and taxes
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applicable to the sale, assignment or transfer of the Pledged Quotas. Collateral
Agent must deliver the remaining balance, if any, to NET Companies on the date
such proceeds are received as contemplated herein. The process of disposal of
the Pledged Quotas shall comply with the following:

      (a) the amount of the Pledged Quotas shall be calculated by appraisers,
which may not be a Creditor and/or the Collateral Agent, nor a company
controlling, controlled by or affiliated to a Creditor and/or the Collateral
Agent, and which shall necessarily be a reputable and independent consulting
firm or a first class investment bank that, in both cases, have acted as
financial advisers in merger and acquisition transactions whose total sales
prices in the last 3 (three) years have been equal to or higher than
R$100,000,000.00 (one hundred million reais), with proven performance and
knowledge of the Brazilian cable television or telecommunications market. If it
is not possible to identify consulting firms or financial institutions that fall
under this profile, the appraisers shall be financial institutions that have
operated in the Brazilian market and know it thoroughly and that (excluding, to
this effect, the Creditors and the Collateral Agent, and companies controlling,
controlled by, affiliated to or directly or indirectly related to a Creditor
and/or the Collateral Agent) are among the 10 (ten) top companies in the last
ranking of mergers and acquisitions for Brazil, published by Thompson Financial
(or its successor in any way) (referred to individually as "APPRAISER" and
collectively as "APPRAISERS");

      (b) the Collateral Agent shall send a written notice to Net Servicos, with
a copy to the Creditors, informing the Creditors' decision, according to the
Intercreditor Agreement, of giving effect to the disposal of the Pledged Shares
and Quotas.

      (c) within 10 (ten) consecutive days from the date of receipt by Net
Servicos of the notice contemplated in item (a) above, Net Servicos and the
Collateral Agent, the latter acting exclusively on behalf of Creditors, shall
each engage an Appraiser. No appraisal will be performed until the Collateral
Agent has appointed the Appraiser. If Net Servicos fails to appoint an
Appraiser, it will be up to the Collateral Agent to appoint both Appraisers;

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      (d) the criterion for appraisal of the Pledged Shares and Quotas to be
used by the Appraisers will be, if the respective company is listed at a stock
exchange, the market value, and if not, the economic value criterion. The
appraisal reports to be prepared by the Appraisers shall be delivered to Net
Servicos and to the Collateral Agent within 30 (thirty) consecutive days, and
the delivery period may be extended at the request of any Appraiser, upon the
Parties' consent.

      (e) the economic value of all the Quotas Pledged by each of the NET
Companies under this Agreement and the market value or the economic value, as
applicable, of all the Share Pledged by the NET Companies under the Share Pledge
Agreement with an Amicable Sale Clause and Other Covenants, shall be necessarily
indicated in the appraisal reports, so that all of them can be appraised
together as if they were an indivisible whole, for purposes of joint sale of all
the Pledged Shares and Quotas. In addition, the individualized economic value of
the respective Pledged Quotas of each of the NET Companies shall be necessarily
indicated in the appraisal reports, to enable the subsequent segregated sale of
such Pledged Quotas, if and when applicable, always with due regard for the
provisions of this Agreement. In the event the report indicates a price
variation range, the appraisal value established in such report will be
considered as the arithmetic mean between the maximum value and the minimum
value suggested in such report, and such arithmetic mean shall be used as the
value of the respective report for purposes of application of the provisions of
item (f) below;

      (f) if the difference in value between both the reports is lower than 10%
(ten percent), the minimum sale price for the Pledged Shares and Quotas will be
the arithmetic mean of the two amounts. If the difference between the reports is
higher than 10% (ten percent), calculated by dividing the highest value by the
lowest one, a third Appraiser shall be chosen by Net Servicos within 10 (ten)
business days counted from the date of delivery of the reports referred to in
item (d) above out of a list of 3 (three) Appraisers appointed by the Collateral
Agent. The third Appraiser thus chosen shall define within 30 (thirty)

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consecutive days, the minimum sale price for the Pledged Shares and Quotas,
taking into consideration for such purpose the criterion for appraisal of the
market value or economic value, as applicable, of the Pledged Shares and Quotas.
The minimum price for the sale of the Pledged Shares and Quotas will be the
arithmetic mean between the price defined by the third Appraiser and the price
closest to it among the prices defined by each of the other Appraisers. The
third Appraiser shall receive from the Collateral Agent and/or Net Services a
copy of both reports prepared by the other Appraisers. If Net Services does not
choose the third Appraiser within 10 (ten) business days from the date of
submission of the triple list, the Collateral Agent shall make such choice;

      (g) the minimum price attributed to the Pledged Shares and Quotas by each
Appraiser, according to item (f) above, both when considered as an indivisible
whole and when the Pledged Quotas are considered individually, except for
manifest error, will be final and conclusive, and binding on the Parties for all
purposes;

      (h) Net Servicos shall bear the costs and expenses reasonably incurred
with engagement of Appraisers and with structuring of the process of sale of
Pledged Shares and Quotas, provided that they are duly evidenced and justified;

      (i) Net Servicos, NET Companies and the Intervening Party(ies) shall
assure that each Appraiser has always the same level of information with respect
to the Intervening Party(ies), their businesses and the Pledged Shares and
Quotas;

      (j) The Collateral Agent will have 270 (two hundred and seventy)
consecutive days as from determination of the minimum price to dispose of the
Pledged Shares and Quotas, according to the terms of this Clause, to contract
the joint disposal of all the Pledged Shares and Quotas, as if they were an
indivisible whole, under this Agreement and the Share Pledge Agreement with an
Amicable Clause and Other Covenants, based on the minimum price calculated as
contemplated in this Clause IV; partial sale is hereby prohibited;

<PAGE>

      (k) if the contracting of the joint disposal does not take place within
the period contemplated in section "j" above, then the Collateral Agent, based
on the minimum price calculated individually as contemplated in Clause IV for
the Pledged Quotas held by each of the NET Companies, according to section "e"
above, will have 270 (two hundred and seventy) consecutive days as from the end
of the term for joint disposal of the Pledged Shares and Quotas to contract the
individual sale of all the Pledged Quotas issued by a single Intervening Party;
however, the duty to jointly dispose of all the Pledged Quotas representing the
corporate capital of the NET Companies in a single and certain Intervening
Party, shall continue to exist as if they were an indivisible whole. The Pledged
Quotas of as many Intervening Parties as may be necessary to make full payment
for the Secured Obligations may be sold. If even then the contracting of the
disposal does not occur within the period established herein, Net Servicos may
request that the appraisal procedure established in this Clause 4.2 be repeated
and the procedure reinitiated successively;

      (l) the disposal of the Pledged Shares and Quotas in any of the ways
contemplated in sections "j" and "k" above shall preferably be made through a
bidding or similar procedure, but the sale price shall never be lower than the
minimum price established as expounded above;

      (m) the minimum price shall be an amount in Brazilian currency or in
United States dollars. If the price is in Brazilian currency, the minimum price
will be adjusted according to the variation in the General Price Index -
Internal Availability (IGP-DI), calculated and disclosed by the Getulio Vargas
Foundation (FGV), or an index that may replace it as of the date of its
determination, which shall apply from the date the minimum price is set for the
disposal of the Pledged Shares and Quotas up to the date of actual payment
thereof;

      (n) unless otherwise agreed between Net Servicos and Creditors, these
represented by the Collateral Agent, the sale price of the Pledged Shares and
Quotas shall,

<PAGE>

in any event, be paid at sight at the time of transfer of the Pledged Shares and
Quotas; and

      (o) for all purposes of this Agreement and of Article 684 of the Civil
Code, the Parties acknowledge that the Collateral Agent may perform all the acts
necessary for the proper and effective development of the entire amicable sale
procedures described in this Clause IV, it being certain, however, that the
Collateral Agent shall fully respect all the procedures, requirements and stages
stipulated in this Clause IV.

4.3. - The amicable sale of the Pledged Shares and Quotas shall observe the
rules set forth by law and applicable regulations, including those of the
Brazilian Telecommunications' Agency ("ANATEL") and of the Administrative
Council for Economic Defense ("CADE"), and the NET Companies undertake to
cooperate promptly and to the extent necessary before such agencies.

4.4. - To enable proper compliance with this Agreement and without prejudice to
the other powers granted by NET Companies to the Collateral Agent and/or
Creditors, NET Companies hereby grant the Collateral Agent, in the capacity of
representative of Creditors, irrevocably, irreversibly and unconditionally, and
as a condition for the business, according to Article 684 of the Civil Code,
exclusive and specific powers for the Collateral Agent, on behalf of Creditors,
(a) to perform all the acts necessary for the disposal of the Pledged Quotas in
the events contemplated herein, pursuant to the provisions of this Agreement;
(b) to use the proceeds of the disposal of the Pledged Quotas to settle the
Secured Obligations, according to the terms established in the Intercreditor
Agreement; and (c) additionally to the powers granted under the power of
attorney to be issued as established in Clause 10.6.1., subject to the
provisions hereof, to sign any and all documents, to perform each and every act,
including to represent NET Companies before third parties, any Registries of
Deeds and Documents, and any other governmental bodies, for the purpose of
taking all the procedures required for the effectiveness and enforcement of the
Pledge.

4.5. - Subject to the provisions of Clause 4.2. above, in the event of default
on the

<PAGE>

Secured Obligations, it is expressly stipulated that any act or measure leading
to enforcement of the Pledge can only be implemented exclusively by Collateral
Agent, in compliance with the terms and conditions of the Intercreditor
Agreement, so that no Creditor may individually take advantage of any judicial,
extrajudicial or any other constrictions on the assets and rights contemplated
by this Pledge, under penalty of application of the provisions of Clause 4.8.

4.6. - Without prejudice to collection of any debt balance relating to the
Secured Obligations, once the provisions of this Clause IV have been executed,
the corresponding Secured Obligations shall be automatically released with
respect to the sums attained through the amicable sale procedure stipulated
above, regardless of any formality, to which the Collateral Agent automatically
agrees on behalf of the Creditors and on its own behalf, irrevocably and
irreversibly; the Collateral Agent and Creditors not being allowed to make any
claim against NET Companies with respect to amounts obtained by said amicable
sale.

4.7. - Although the Creditors hold legal preemptive rights with respect to the
Pledged Quotas mentioned herein, the Creditors, through the Collateral Agent
that represents them herein, hereby expressly declare and irrevocably and
irreversibly agree, under the penalties of the law, for the entire duration
hereof, that they may only perform any acts that entail or may entail
attachment, judicial seizure or any other type of constriction of the Pledged
Quotas solely and exclusively through the Collateral Agent, subject to the
provisions in the Intercreditor Agreement and this Agreement.

4.8. - If any of the Creditors and/or the Collateral Agent fails to observe the
provisions of Clause 4.7, Net Servicos or any of NET Companies shall notify the
Collateral Agent and such Creditor(s) to the effect that they undo the act,
which they are required to abstain from as a result of Clause 4.7 above within
10 (ten) consecutive days from such notice, and they shall answer for the losses
and damages caused to Net Servicos and/or NET Companies and/or the other
Creditors and/or the Collateral Agent, as the case may be. If the default is not
remedied within such period, (i) if the default is imposed on one or more
Creditors, the

<PAGE>

Creditor(s) that have caused such default will cease immediately from being a
party hereto, and their rights arising from their respective Debt Instrument(s)
will no longer be part of the Secured Obligations, and they will thus no longer
benefit from this Pledge. In the events contemplated above, said default shall
in no way affect the legal and contractual rights and prerogatives now granted
to the other Creditors and/or the Collateral Agent.

4.9. - Without prejudice to other events of early maturity of the Secured
Obligations contemplated in the Debt Instruments or in the Intercreditor
Agreement, the Collateral Agent and any of the Creditors are expressly forbidden
to determine the early maturity of the Secured Obligations based on Articles
333, II and III, 1425, I, IV and V of the Civil Code. The Collateral Agent may,
subject to the provisions of the Debt Instruments, the Intercreditor Agreement
and this Agreement, especially Clauses 1.4 and 1.4.1. above and Clause 10.5
below, determine the early maturity of the Secured Obligations if any of the
events below occurs: (i) if the obligations set out in Clause 1.3 above are not
complied with; (ii) if the obligations contemplated in sections "a", "b", "c"
and "d" of Clause 2.4 above are not complied with; or (iii) if the obligations
contemplated in Clauses 10.2 and 10.2.1 below are not complied with.

4.10. - The Parties acknowledge that Creditors shall have the option, always
through the Collateral Agent, to demand compliance with the Pledge now made with
any other warranty granted to Creditors, including the Additional Pledge
Agreements, at the sole discretion of Creditors, according to this Agreement and
the Intercreditor Agreement.

V. - THE OBLIGATIONS OF NET SERVICOS AND NET COMPANIES

5.1. - In addition to the other obligations contemplated in the Debt
Instruments, in the Intercreditor Agreement, in this Agreement, or in the
legislation currently in force, NET Companies, until the Pledge Termination
Date, hereby undertake:

<PAGE>

      (a) to perform all acts necessary or advisable to effectuate, perfect and
maintain the Pledge hereunder, as well as to keep all authorizations necessary
for the execution and implementation of this Agreement always valid, effective,
in perfect order and in full force;

      (b) to maintain the Pledge at all times existing, valid, effective, in
perfect order and in full force, without any restriction or condition,
undertaking to keep the Pledged Quotas free and clear of any liens or
encumbrances, whether of a judicial or extrajudicial nature, with due regard for
the exceptions stipulated in the Debt Instruments and in this Agreement;

      (c) to fully perform all their obligations under this Agreement;

      (d) to defend themselves timely and efficiently against any act, action,
proceeding or lawsuit that could in any way affect this Agreement or the Pledge;

      (e) in compliance with the provisions of Clause II above, not to dispose
of, sell, assign, transfer, give in free loan, lend, exchange, capitalize,
create usufruct or trust or any other encumbrance, lien or security interest in
addition to the Pledge created herein, or otherwise dispose of in any way,
wholly or in part, directly or indirectly, free of charge or otherwise, the
Pledged Quotas; and

      (f) to respect the Creditors' representation by the Collateral Agent, as
provided for in the Intercreditor Agreement and in this Agreement, since this is
an essential condition for the legal business now covenanted, with the validity
and effectiveness of such representation being hereby ratified for all purposes
of this Agreement.

VI. - REPRESENTATIONS AND WARRANTIES OF NET COMPANIES AND INTERVENING PARTY(IES)

<PAGE>

6.1. - Net Servicos, by itself and NET Companies, the NET Companies and the
Intervening Party(ies) represent and warrant on this date, under the penalties
of the law, that:

      (a) the NET Companies and the Intervening Party(ies) are companies duly
organized and existing under the Brazilian law, and are free to manage their
assets;

      (b) all authorizations required for the NET Companies and the Intervening
Party(ies) to execute this Agreement and to assume and perform all obligations
hereunder have been obtained and are valid, effective and in full force, with
the exception of the approval of Anatel and CADE (if necessary) for the sale (if
and at the time of enforcement) of the Pledged Quotas;

      (c) NET Companies and the Intervening Party(ies) are authorized by their
Articles of Association and Bylaws, and applicable law, as well as by proper
government entities to tender the guarantee set forth in this Agreement and to
perform the obligations contained herein, with the exception of the approval of
Anatel and CADE (if necessary) for the sale (if and at the time of enforcement)
of the Pledged Quotas;

      (d) the persons that represent the NET Companies and the Intervening
Party(ies) in the execution of this Agreement have been duly authorized to do
so;

      (e) there is no judicial or extrajudicial, administrative, arbitration or
tax action or proceeding in an amount equal to or in excess of R$ 1,000,000.00
(one million Reais), which may in any way hinder or invalidate this Pledge or
the obligations assumed hereunder, except for the actions, procedures, liens,
encumbrances and restrictions mentioned in "Schedule 8" hereof;

<PAGE>

      (f) to the best of its knowledge, no judicial action or extrajudicial,
administrative, arbitration, or tax action or proceeding, regardless of who the
Plaintiff is, seeking to cancel, alter, invalidate, question or in any way
affect the Pledge and/or the obligations assumed herein, is threatened to be
filed or commenced, except for any actions or proceedings that may be filed by
the holders of Debt Not Included, as defined in the Intercreditor Agreement;

      (g) the Pledged Quotas are free and clear of any encumbrances, whether
judicial, extrajudicial, are duly subscribed for and paid up, and are not
subject to any restriction on their disposal or transfer, except for the
actions, procedures, encumbrances, liens and restrictions outlined in "Schedule
8", as well as the restrictions on disposal and/or transfer imposed by force of
(i) this Agreement or the Debt Instruments or other agreements that make up the
Restructuring Plan and the Debt Instruments; (ii) the applicable regulations,
including those of Anatel; (iii) the contractual instruments of the holders of
Debt Not Included, as defined in the Intercreditor Agreement; and the NET
Companies and the Intervening Party(ies) shall answer, in accordance with the
provisions of the law, for the existence and integrity of the Pledged Quotas;

      (h) the terms and conditions of this Agreement as well as the assumption
and performance of all obligations set forth herein (i) shall not result in
default by the NET Companies and/or the Intervening Party(ies) on any contract,
document or instrument to which the NET Companies or the Intervening Party(ies)
are parties, or to which any of their assets and properties are bound, which
entails or may reasonably entail a payment obligation on the part of Net
Servicos or any of the NET Companies or the Intervening Party, in an amount
exceeding R$ 30,000,000.00 (thirty million Reais), with the exception of the
contractual instruments of the holders of Debt Not Included, as defined in the
Intercreditor Agreement; (ii) do not violate any law, decree or regulation to
which the NET Companies and/or the Intervening Party(ies) may be subject; (iii)
do not violate any pending administrative, arbitral or court order, decree or
decision against the NET

<PAGE>

Companies and/or the Intervening Party(ies), (except for the Unibanco Action, as
defined in the Intercreditors Agreement), which individually entails or may
reasonably entail a payment obligation on the part of Net Servicos or any of the
NET Companies or the Intervening Party in an amount exceeding R$ 30,000,000.00
(thirty million Reais); and (iv) do not violate the bylaws and articles of
association of the NET Companies and/or the Intervening Party(ies);

      (i) the obligations assumed in this Agreement are valid, payable and
enforceable according to the terms and conditions hereof;

      (j) the Pledged Quotas listed in "Schedule 5" represent all of the
corporate interests of the NET Companies in the capital of the Intervening
Parties, as of this date;

      (k) the companies listed on "Schedule 1" hereto represent all of the
companies in which Net Servicos holds a direct and/or indirect corporate
interest, except for those designated "Unrestricted Controlled Companies" in the
Debt Instruments; and

      (l) all the powers of attorney granted by NET Companies and/or the
Intervening Party(ies) according to the terms hereof are issued on an
irrevocable and irreversible basis, according to the terms of Article 684 of the
Civil Code.

      6.2. - The NET Companies and the Intervening Party(ies) shall be held
jointly and severally liable for any losses and damages resulting from the
proven inaccuracy or untruthfulness of these declarations, in accordance with
the time periods stipulated in the relevant legislation.

VII. - OBLIGATIONS, REPRESENTATIONS AND WARRANTIES OF THE COLLATERAL AGENT

7.1. - In addition to the other obligations stipulated in this Agreement and in
the

<PAGE>

Intercreditor Agreement, the Collateral Agent agrees:

      (a) to take all measures necessary or advisable to ensure that the
guarantee hereby created will remain complete and enforceable at all times;

      (b) to manage the resources arising out of any enforcement of the
guarantee hereby tendered to the benefit of the Creditors, in accordance with
the terms of the Intercreditor Agreement and this Agreement;

      (c) to immediately notify Net Servicos and the Creditors about any
lawsuits related to enforcement of the Pledged Quotas for payment of the Secured
Obligations;

      (d) to respect and observe that all and any measures to be undertaken for
the purposes and effects of this Agreement, especially in relation to
enforcement of the Pledge, can only be irreplaceably undertaken by the
Collateral Agent once the terms and conditions of the Intercreditor Agreement
and this Agreement are observed.

      (e) to provide the corresponding Creditor with copy of any additional
documents prepared hereunder as may be reasonably requested thereby, including
any updates on the schedules hereto as well as evidence as to filing of this
Agreement as provided for herein, with the exception of any document that may
entail financial and/or secret and/or confidential information regarding the NET
Companies, the Intervening Party(ies) and/or any of the other Creditors, in
compliance with the provisions of the Intercreditor Agreement;

      (f) to verify with Net Servicos whether the filings and registrations set
forth in this Agreement were duly made within the periods set forth herein.

      (g) in the name of the Creditors, to take all the measures necessary to
protect the preference right over the Pledged Quotas, once they become aware of
any third-party

<PAGE>

act that implies a threatened lien, and/or can effectively result in the lien of
the Pledged Quotas, according to the terms hereof;

      (h) to arrange for NET Companies not to encounter any hindrances in
obtaining the signature of the legal representatives of the Collateral Agent for
amendments to this Agreement, when necessary; and

      (i) within 5 (five) business days of the request from Net Servicos, to
sign any waiver, notice, amendment or another document reasonably requested by
Net Servicos and prepared by it, whether necessary for release of the pledge on
the Pledged Quotas and implementation of any act mentioned in Clause 2.1 above,
regardless of previous consultation and/or approval by Creditors, in the events
(i) expressly permitted under the terms of the Debt Instruments to which the
Restructuring Creditors (as defined in the Intercreditors Agreement) are
parties, and (ii) that are not expressly prohibited by any Joining Debt
Instrument (as defined in the Intercreditors Agreement).

7.1.1. - The Collateral Agent represents and warrants, under penalty of the law,
that:

      (a) it is a company duly organized and validly existing under Brazilian
law, and is free to administer its assets;

      (b) all authorizations required to execute this Agreement and to assume
and perform all of its obligations hereunder have been obtained, and are valid,
effective and in full force, without having been altered in any way;

      (c) it is duly authorized under its Bylaws and applicable law, as well as
by other public administration bodies to perform the obligations hereunder;

      (d) the persons that represent it in the execution of this Agreement have
been duly authorized to do so;

<PAGE>

      (e) the terms and conditions of this Agreement as well as the assumption
and performance of all obligations set forth herein (i) shall not result in the
Collateral Agent's default under any contract, document or instrument to which
it is a party or to which any of its assets and properties are bound; (ii) do
not violate any law, decree or regulation to which the Collateral Agent is
subject; (iii) do not violate any pending administrative or court order,
judgment or decision against the Collateral Agent; and (iv) do not violate the
Bylaws of the Collateral Agent;

      (f) the obligations assumed in this Agreement are valid, payable and
enforceable according to the terms hereof;

      (g) it is aware of all the terms and conditions of the Intercreditor
Agreement and the instruments that substantiate the Secured Obligations; and

      (h) it is aware that all and any measures to be undertaken, for the
purposes and effects of this Agreement, especially in relation to enforcement of
the Pledge, can only be irreplaceably carried out by the Collateral Agent, in
compliance with all the terms and conditions of the Intercreditor Agreement and
this Agreement.

7.2. - The Collateral Agent shall be liable for any losses and damages that may
result from the proven untruthfulness or inaccuracy of its representations,
within the time limits prescribed by applicable law.

7.3. - In the event of noncompliance by the Collateral Agent with any of the
obligations assumed hereunder, and if such noncompliance is not remedied within
48 (forty-eight) hours from the event, the Collateral Agent will be required to
indemnify the Creditors, NET Companies, Net Servicos and/or Intervening
Party(ies), as the case may be, for the losses and damages arising out of this
default.

<PAGE>

VIII. - NOTICES

8.1. - Any and all notices to be exchanged between the parties with respect to
any matter related hereto shall be given in writing and sent to the addresses
indicated below:

(a)   if to any of NET Companies, Net Servicos and/or any of Intervening
Party(ies):

      NET SERVICOS DE COMUNICACAO S.A.
      Attn: Mr. Andre Muller Borges and/or Mr. Leonardo Porciuncula Gomes
            Pereira
      Telephone: (55-11) 5186-2606
      Fax: (55-11) 5186-2780
      Address: Rua Verbo Divino, 1356, Chacara Santo Antonio, Sao Paulo - SP
               Brasil, CEP 04719-002

(b)   if to Creditors, at the addresses, telephone and fax numbers mentioned in
each of the Debt Instruments, or preferably at the addresses, telephone and fax
numbers of the Collateral Agent, as mentioned in item (c) below;

(c)   if to the Collateral Agent:

      BANCO ITAU S.A.
      Diretoria de Servicos para o Mercado de Capitais
      Address: Av. Engenheiro Armando de Arruda Pereira, 707 - 9(a)andar -
               Jabaquara
      CEP: 04344-902 - Sao Paulo S.P.
      Attn: Mr. Antonio Carlos Rodrigues
      Tel: (55 11) 5029-1527
      Fax: (55 11) 5029-1535
      e-mail: antonio-carlos.rodrigues@itau.com.br

<PAGE>

8.2. - Notices shall be deemed delivered on the date of their receipt when
forwarded by registered letter or when sent with "return receipt requested"
through the Brazilian mail service (Empresa Brasileira de Correios e
Telegrafos), and if delivered to the above addresses. When sent by fax or email,
they shall be deemed delivered at the next business day, provided that the
originals of the documents have been forwarded to the above addresses, through
the means mentioned above, within two business days of their transmission.

8.3. - Any change of address and other data to be observed for purposes of the
above notices will only produce effect 10 (ten) business days after informed to
Net Servicos and the Collateral Agent.

IX - THE INCLUSION OF OTHER CREDITORS

9.1.- Other creditors that may join this Agreement under the terms of the Debt
Instruments and the Intercreditor Agreement ("JOINING CREDITORS") shall be
admitted as parties to this Agreement and shall have the same rights and
obligations, and in this way they can share in the Pledge with the other
Creditors listed in "Schedule 2" of this Agreement. Joining Creditors shall
adhere to the terms of this instrument by adhering to the Intercreditor
Agreement in accordance with the terms and conditions contained in it and by
signing the relevant Term of Adhesion as contained in "Schedule 9" ("TERM OF
ADHESION"). The Term of Adhesion duly signed by the Joining Creditor shall
hereby become an integral part of this Agreement.

9.2. - The Term of Adhesion shall consubstantiate a related document signed by
the legal representatives of the Joining Creditor, which shall (i) contain the
request that the relevant credit be inserted as a beneficiary of the Pledge, and
(ii) show the Joining Creditor's unconditional acceptance of all the terms and
conditions of this Agreement and the Intercreditor Agreement, especially in
relation to its representation through the Collateral

<PAGE>

Agent.

9.2.1. The Joining Creditors, on signing the Term of Adhesion, shall have the
same rights and obligations of this Agreement and of the Intercreditor
Agreement, pari passu, with respect to the other Creditors, without any
exception and/or limitation.

9.3. - For the Term of Adhesion to come into force, the Joining Creditor shall
register it at the Registry of Deeds and Documents in which this Agreement is
registered on the respective Commercial Registry and within 05 (five) business
days of the date of said registration, send certified copies of said
registration to the Collateral Agent and the NET Companies.

9.4. Any vice that may be imputable to the Term of Adhesion will not affect nor
impair any of the provisions contemplated herein, which will always remain valid
and effective for all effects and purposes.

X. - REGISTRATIONS AND PENALTIES

10.1 - The NET Companies shall, within a maximum period of 25 (twenty-five)
consecutive days of receipt of the original counterparts of this Agreement, duly
signed by the Parties, (i) submit the amendments in the Articles of Association
of each Intervening Party, which shall reflect the change mentioned by the
Clause 1.10 of this Agreement, for registration with the applicable Commercial
Registry; and (ii) submit this Agreement for registration with the Registry of
Deeds and Documents in which the headquarters of the Intervening Party(ies) are
located and within 20 (twenty) consecutive days counted from said registration
they shall send to the Collateral Agent certified copies of this Agreement
registered with the respective Registry of Deeds and Documents, always with due
regard for the provisions of Clause 10.4 below.

<PAGE>

10.2. - For drafting of amendments to this Agreement pursuant to the provisions
of Clause 1.2.1 above, subject always to the provisions in Clause 10.4 below,
the NET Companies and/or the Intervening Party(ies) in charge of including the
New Quotas in the Pledge, within 5 (five) business days of the formalization of
any events listed therein, shall deliver to the Collateral Agent, in compliance
with the provisions of Clauses 7.1(h) and 8.2 above, all counterparts of the
respective amendment, duly signed by the legal representatives of NET Companies
and the Intervening Party(ies), together with their respective signature
certifications, so that the Collateral Agent, on its own behalf and on behalf of
Creditors, signs the counterparts of such amendment, certifies the signatures
applicable thereto and returns them to NET Companies at the address mentioned in
Clause 8.1 (a) above, keeping only one counterpart.

10.2.1. - Within 15 (fifteen) consecutive days from receipt of the original
counterparts of the amendment hereto, duly signed by the Collateral Agent, any
of NET Companies and/or Intervening Party(ies), it shall (i) register the
amendment to the Articles of Association of each Intervening Party issuers of
the New Quotas, with the changes proposed by the clause 1.10 of the Agreement
with the respective Commercial Registry, sending certified copies of the
registered amendments to the Collateral Agent within 10 (ten) consecutive days
of the date of its filing; (ii) register the amendment to this Agreement with
the Registries of Deeds and Documents in which this Agreement is registered,
sending certified copies of the registered amendment to the Collateral Agent
within 20 (twenty) consecutive days of the date of its filing with the Registry
of Deeds and Documents. The Net Companies and/or the Intervening Parties will
put their best efforts to get the registry as soon as possible, except, in any
event contemplated in this clause, the provisions of Clause 10.4 below.

10.3.- Irrespective of any other penalty imposed by applicable legislation, by
this Agreement, by Clause 10.5 below, by the Debt Instruments and/or by the
Intercreditor Agreement, the noncompliance by the NET Companies with any of the
periods stipulated in Clauses 10.1, 10.2 and 10.2.1 above, for any reason, shall
result in the imposition of a fine in favor of the Creditors, to be distributed
ratably to the value of their respective

<PAGE>

Secured Obligations, in the amount of R$100,000.00 (one hundred thousand reais)
per day, or fraction of a day of delay.

10.3.1.- The value of the fine stipulated above shall be adjusted annually, or
at a shorter period of time if allowed or not forbidden by the relevant
legislation, counting from this date, including according to the variation in
the General Market Price Index (IGP-M - Indice Geral de Precos - Mercado) or in
its absence for any reason, by the General Price Index - Internal Availability
(Indice Geral de Precos - Disponibilidade Interna - IGP-DI), both published by
the Getulio Vargas Foundation.

10.4.- Delays in complying with the periods stipulated herein, resulting from
acts of God or force majeure, such as, for example, strikes, delays, failures
and omissions by the Registry of Deeds and Documents, not imputable to the NET
Companies and/or the Intervening Party(ies), shall not be deemed to involve any
contractual default, nor the imposition of the fine referred to in Clause 10.3.
In this case, the terms established will be suspended from the date of
commencement of the event of act of God or force majeure until the date of its
cessation, and NET Companies shall, on the first business day immediately after
the cessation of the events caused by an act of God or force majeure, take all
necessary measures to make the relevant registration, resuming the timeframe for
compliance with the obligations as from such date of cessation of the act of God
or force majeure.

10.5. - After expiration of the periods stipulated in Clauses 1.4, 1.4.1, 10.1,
10.2, 10.2.1 and 10.4, pursuant to the provisions of Clauses 4.9 and 11.8, the
Creditors may choose, with due regard for the provisions of the Intercreditor
Agreement and the Debt Instruments, to declare the early maturity of the Secured
Obligations. Upon this declaration of early maturity, the imposition of the
penalties stipulated in Clause 10.3 above shall be suspended without prejudice
to the penalties imposed by applicable law and by the Debt Instruments.

10.6. Without prejudice to the obligations hereby assumed by the NET Companies
in

<PAGE>

relation to these measures, and in addition to the penalties resulting from
noncompliance, the Collateral Agent may decide, at its exclusive discretion,
upon notice to NET Companies, to make the registrations referred to in Clauses
10.1, 10.2 and 10.2.1.

10.6.1. Without prejudice to the other powers granted by NET Companies to the
Collateral Agent and/or Creditors, NET Companies, through the instrument of
power of attorney, according to the model included in "Schedule 7", grant to the
Collateral Agent, in the capacity of representative of Creditors, irrevocably
and irreversibly, and as condition for the business, according to Article 684 of
the Civil Code, certain powers for the Collateral Agent, on behalf of Creditors,
in compliance with the provisions hereof, to represent NET Companies before any
and all Registries of Deeds and Documents and the Commercial Registries, and to
sign any and all documents, and perform any and all acts necessary specifically
and exclusively for the performance of the registrations contemplated in Clauses
10.1, 10.2 and 10.2.1.

10.7. - It is hereby agreed that on the Pledge Termination Date, any of NET
Companies and/or Intervening Party(ies), at their own expense and risk, shall
take all relevant measures to cancel the Pledge registration, and the Collateral
Agent shall undertake to immediately render the cooperation necessary to this
effect, providing a term of release in relation to the Secured Obligations and
all relevant information and documentation that may be reasonably requested by
NET Companies and/or the Intervening Party(ies), it being hereby agreed that in
any case the aforementioned cancellation shall depend on the full satisfaction
of the Secured Obligations, and, in this case, in accordance with articles 319
and 1436 of the Civil Code, as well as with article 250 of the Public
Registration Law, the NET Companies and/or the Intervening Party(ies) are hereby
authorized to use all existing administrative and/or judicial mechanisms, with
no limitations of any kind, to obtain the release of the Pledge and the
cancellation of its registration.

XI. - MISCELLANEOUS

<PAGE>

11.1. - All the terms, conditions, covenants, dealings, undertakings and
commitments assumed in this Agreement shall be binding on the parties themselves
and their successors and assigns in any way, on an irrevocable and irreversible
basis.

11.2. - Any change in the terms and conditions of this Agreement shall only be
deemed valid if made in a written instrument signed by all the Parties, except
in the specific cases determined herein and in its schedules, always with due
regard for the provisions of the Intercreditor Agreement, it being agreed,
however, that the Collateral Agent shall represent the Creditors, exclusively
and with ample powers for such purpose, in making any amendments to this
Agreement, in compliance with the terms and conditions of the Intercreditor
Agreement

11.3. - With due regard for the provisions in the Intercreditor Agreement, the
Creditors, acting exclusively through the Collateral Agent for the purpose of
taking the appropriate action, may demand the specific enforcement of the
obligations assumed by the Parties hereunder, according to Articles 461, 621 and
632 through 645 of the Brazilian Code of Civil Procedure, as well as the
enforcement of the guarantee granted herein.

11.3.1. - Without prejudice to the other rights conferred on the Collateral
Agent, acting in the capacity of collateral agent for the Creditors, the
Collateral Agent is hereby irrevocably and irreversibly authorized to enforce
this guarantee in a private manner as set forth in Article 1433, IV of the Civil
Code, provided the terms and conditions of this Agreement, of the Debt
Instrument and of the Intercreditor Agreement have been complied with.

11.4. - As a condition for this Agreement, the NET Companies hereby agree to
take any and all additional measures and to produce any and all documents
necessary to formalize the Pledge and for the validity and effectiveness of this
Agreement

<PAGE>

11.5. - NET Companies shall bear any and all costs or expenses that are
provably, reasonably and justifiably incurred by the Collateral Agent in
connection with performance of the obligations or exercise of the rights set out
in this Agreement or in applicable law, including costs and expenses incurred
with registrations, filings or enforcement of the guarantee hereunder, as well
as in connection with any proceedings, suits and/or other judicial or
extrajudicial action necessary to secure their rights and prerogatives set forth
in this Agreement, including costs, fees, expenses, emoluments, attorney's and
expert's fees or any other charges related to such proceedings, suits or
actions. Such amounts shall be reimbursed within 10 (ten) business days after
the date of receipt of notice to this effect, to be sent to NET Companies.
Reimbursements for judicial expenses and attorneys' fees related to the clauses
of this Agreement shall be made in keeping with the provisions of Clause 2.3.

11.6. - The full or partial invalidity or nullity of any clauses of this
Agreement shall not affect the other clauses, which shall always remain valid
and effective until the Parties have performed all their obligations hereunder.
If any clause in this Agreement is held invalid or null, the Parties hereby
undertake to negotiate, within the shortest period possible, in replacement of
the invalid or null clause, the inclusion in this Agreement of valid terms and
conditions that reflect the terms and conditions of the clause rendered invalid
or null, with due regard for the original intent and objective of the Parties at
the time of negotiation of the invalid or null clause and the underlying
context.

11.7. - Waiver by any of the Parties in connection with the exercise of any
rights conferred under the terms of this Agreement or applicable legislation,
shall only be effective if made in writing. No forbearance, delay or indulgence
by any of the Parties in enforcing any provision of this Agreement shall hinder
or restrict the rights of such Party nor shall it prevent such Party from
exercising such rights or any others whenever it deems fit to do so,
irrespective of any prior communication or notice.

11.8. - For all legal purposes, it is expressly stipulated herein that the only
cases of early

<PAGE>

maturity, in addition to those expressly foreseen in this Agreement, in the Debt
Instruments and in the Intercreditor Agreement are the cases mentioned in
subsections II and III of Article 1425 of the Civil Code.

11.9. - The confidentiality commitment established in Clause 10.14 of the
Intercreditor Agreement shall apply to this Agreement.

11.10. - Without prejudice to the joint responsibility of the NET Companies
stipulated in the Intercreditor Agreement, in the Debt Instruments and in the
Additional Pledge Agreements, the NET Companies and Net Servicos hereby and
pursuant to law, on an irrevocable and irreversible basis, for the purposes
stipulated in Article 265 of the Civil Code, represent, in relation to this
Agreement, to be the joint and principal payers solely with regard to the
obligations mentioned in Clauses 2.1.1, 2.3, 6.2, 10.1 to 10.7 and 11.5 hereof.

11.11. - The Parties elect the courts in the Judicial District of Sao Paulo,
State of Sao Paulo, to settle any doubts or disputes arising out of this
Agreement, to the exclusion of any other courts, however privileged they may be.

IN WITNESS WHEREOF, the parties, binding themselves and their successors, sign
this Agreement in four (4) counterparts of equal form and content, to one sole
effect, in the presence of the two (2) undersigned witnesses.

                              Sao Paulo, [_] [_____] 2005

                              FOR CREDITORS

                           By ____________________________________________

<PAGE>

                              BANCO ITAU S.A.

                              Name:

                              Title:

                              COLLATERAL AGENT

                              ____________________________________________

                              BANCO ITAU S.A.

                              Name:

                              Title:

                              NET SERVICOS

                           By ____________________________________________

                              NET SERVICOS DE COMUNICACAO S.A.

                              Name:

                              Title:

                              NET COMPANIES

                              MULTICANAL TELECOMUNICACOES S.A.
                              NET SUL COMUNICACOES LTDA.
                              NET PARANA COMUNICACOES LTDA.
                              DR - Empresa e Distribuicao e Recepcao de TV Ltda.
                              HORIZONTE SUL COMUNICACOES LTDA.
                              NET CURITIBA LTDA.

                              _____________________________________________

<PAGE>

                              Name:

                              Title:

                              INTERVENING PARTIES

                              ANTENAS COMUNITARIAS BRASILEIRAS LTDA.
                              NET BELO HORIZONTE LTDA.
                              NET BRASILIA LTDA.
                              NET LONDRINA LTDA.
                              TV CABO DE CHAPECO LTDA.
                              TELEVISAO A CABO VINDIMA LTDA.
                              NET RECIFE LTDA.
                              NET SAO PAULO LTDA.
                              NET CAMPINAS LTDA.
                              NET INDAIATUBA LTDA.
                              NET FRANCA LTDA.
                              NET SUL COMUNICACOES LTDA.
                              DR- Empresa de Distribuicao e Recepcao de TV Ltda.
                              NET JOINVILLE LTDA.
                              NET FLORIANOPOLIS LTDA.
                              NET MARINGA LTDA.
                              NET SAO JOSE DO RIO PRETO LTDA.
                              NET PIRACICABA LTDA.
                              NET GOIANIA LTDA.
                              NET CAMPO GRANDE LTDA.
                              NET SOROCABA LTDA.
                              HORIZONTE SUL COMUNICACOES LTDA.
                              NET PARANA COMUNICACOES LTDA.
                              NET CURITIBA LTDA.
                              NET ARAPONGAS LTDA.
                              NET BAURU LTDA.
                              NET ANAPOLIS LTDA.
                              REYC COMERCIO E PARTICIPACOES LTDA.

<PAGE>

                              _____________________________________________

                              Name:

                              Title:

Witnesses:

1. - ____________________________

     Name:

     Identity Card - RG:

2. - ____________________________

     Name:

     Identity Card - RG:

<PAGE>

                                                 SCHEDULE 1 TO THE QUOTA PLEDGE
                                                 AGREEMENT WITH AN AMICABLE SALE
                                                 CLAUSE AND OTHER COVENANTS

                              LIST OF NET COMPANIES

MULTICANAL TELECOMUNICACOES S.A., a Brazilian joint-stock company headquartered
in the City of Sao Paulo, State of Sao Paulo, at Rua Verbo Divino, 1356, 1st
floor, part, CEP 04719-002, Chacara Santo Antonio, enrolled in C.N.P.J under No.
31.963.481/0001-64, herein represented pursuant to its Bylaws;

NET SUL COMUNICACOES LTDA., a Brazilian limited liability company with its
headquarters in the City of Porto Alegre - RS, at Rua Silveiro No. 1111, Morro
Santa Teresa, CEP 90850-000, enrolled in C.N.P.J. under No. 73.676.512/0001-46,
herein represented according to its Articles of Association;

DR- EMPRESA DE DISTRIBUICAO E RECEPCAO DE TV LTDA., a Brazilian limited
liability company with its headquarters in the City of Porto Alegre - RS, at Rua
Silveiro No. 1111, Morro Santa Teresa, CEP 90850-000, enrolled in C.N.P.J. under
No. 93.088.342/0001-96, herein represented according to its Articles of
Association;

<PAGE>

HORIZONTE SUL COMUNICACOES LTDA., a Brazilian limited liability company with its
headquarters in the City of Porto Alegre, State of Rio Grande do Sul, at Rua
Silveiro, No. 1.111, part, enrolled in C.N.P.J. under No. 94.319.209/0001-66,
herein represented according to its Articles of Association;

NET PARANA COMUNICACOES LTDA., a Brazilian limited liability company with its
headquarters in the City of Curitiba, State of Parana, at Rua Paulo Graeser
Sobrinho, No. 557, Merces, enrolled in C.N.P.J. under No. 84.922.681/0001-35,
herein represented according to its Articles of Association;

NET CURITIBA LTDA., a Brazilian limited liability company with its headquarters
in the City of Curitiba, State of Parana, at Rua Mamore No. 340, enrolled in
C.N.P.J. under No. 82.342.833/0001-03, herein represented according to its
Articles of Association;

<PAGE>

                                                            SCHEDULE 2 TO THE
                                                            QUOTA PLEDGE
                                                            AGREEMENT WITH AN
                                                            AMICABLE SALE CLAUSE
                                                            AND OTHER COVENANTS

                               LIST OF CREDITORS

(1) PLANNER CORRETORA DE VALORES S.A., a joint-stock company with its
headquarters in the City of Sao Paulo, State of Sao Paulo, at Avenida Paulista,
2.439, 11th floor, enrolled in the National Register of Legal Entities
(C.N.P.J.) under n(0). 00.806.535/0001-54, representing, as fiduciary agent and
proxy of the Securities of the Forth Public Issue of Debentures, Not Convertible
Into Shares, with Collateral Guarantee and Suretyship, of Net Servicos de
Comunicacao S.A., in this act represented jointly by the owners of the
Debentures by Banco Itau S.A., as Collateral Agent;.

(2) THE BANK OF NEW YORK, a financial institution with its headquarters in New
York, at Braclay Street, 101, New York, Ny, 10286, as Trustee of owners of the
Net Sul Notes (according to the Creditors Agreement) in this act represented
jointly by the owners of Net Sul Notes and by Banco Itau S.A., as Collateral
Agent;

(3) THE BANK OF NEW YORK, a financial institution with its headquarters in New
York, at Braclay Street, 101, New York, Ny, 10286, as Trustee of the owners of
the Company Notes, (according to the Creditors Agreement) in this act
represented jointly by the owners of the Company Notes and by Banco Itau S.A.,
as Collateral Agent;

(4) BANCO DO BRASIL S.A., a financial institution duly organized and existing
according to the laws of Brazil, with its headquarters in [ ], represented by
Banco Itau S.A., as Collateral Agent;

(5) BANCO ITAU BBA S.A., a financial institution duly organized and existing
according to the laws of Federative Republic of Brazil, with its headquarters in
the city of Sao Paulo, in Sao Paulo State, at Praca Alfredo Egydio de Souza
Aranha, 100 - Torre Conceicao - 9th floor, enrolled in the National Register of
Legal Entities (C.N.P.J./MF) under n(0) 17.298.092/0001-30, represented by Banco
Itau S.A., as Collateral Agent;

(6) BANKBOSTON BANCO MULTIPLO S.A., a financial institution duly organized and
existing according to the laws of Federative Republic of Brazil, with its
heaquarters in [ ], represented by Banco Itau S.A., as Collateral Agent;

(7) BANCO BRASCAN S.A., a financial institution duly organized and existing
according to the laws of Federative Republic of Brazil, with its heaquarters in
the city of Rio de Janeiro, at Avenida Almirante Barroso, 52 30th floor,
enrolled in the National Register of Legal Entities (C.N.P.J./MF) under
n(0)33.923.111/0001-29, represented by Banco Itau S.A., as Collateral Agent;

(8) UNIBANCO - UNIAO DE BANCOS BRASILEIROS S.A., a financial institution duly
organized and existing according to the laws of Federative Republic of Brazil,
with its heaquarters in the city and State of Sao Paulo, at Avenida Eusebio
Matoso, 891, enrolled in the National Register of Legal Entities (C.N.P.J./MF)
under n(0)33.700.394/0001-40, represented by Banco Itau S.A., as Collateral
Agent;

(9) BANCO DO ESTADO DO RIO GRANDE DO SUL S.A., a financial institution duly
organized and existing according to the laws of Brazil, with its heaquarters in
[ ], represented by Banco Itau S.A., as Collateral Agent;

(10) MARATHON FUND, L.P., a financial institution duly organized and existing
according to the laws of [ ], with its heaquarters in [ ], represented by Banco
Itau S.A., as Collateral Agent;

(11) BANCO UNICO S.A., new corporate name of Banco BNL do Brasil S.A., a
financial institution duly organized and existing according to the laws of
Federative Republic of Brazil, with its heaquarters in the city and State of Sao
Paulo, at Av. Paulista, 1.963, enrolled in the National Register of Legal
Entities (C.N.P.J./MF) under n(0)00.086.413/0001-30, represented by Banco Itau
S.A., as Collateral Agent;

(12) BANCO DE CREDITO NACIONAL S.A., a financial institution duly organized and
existing according to the laws of Brazil, with its heaquarters in [ ],
represented by Banco Itau S.A., as Collateral Agent;

<PAGE>

                                                            SCHEDULE 3 TO THE
                                                            QUOTA PLEDGE
                                                            AGREEMENT WITH AN
                                                            AMICABLE SALE CLAUSE
                                                            AND OTHER COVENANTS

                            LIST OF DEBT INSTRUMENTS

(1)   INDENTURE FOR THE FOURTH PUBLIC ISSUE OF DEBENTURES NOT CONVERTIBLE INTO
      SHARES WITH COLLATERAL GUARANTEE AND SURETYSHIP, BY NET SERVICOS DE
      COMUNICACAO S.A. dated as of [..../..../....] with Planner Corretora de
      Valores S.A. (Trustee), in the amount of [.....];

(2)   SECURITY INDENTURE FOR NET SUL COMUNICACOES LTDA., dated as of
      [..../..../....] and entered by The Bank of New York (Trustee), RELATIVE
      TO US$[ ] 7.0% SENIOR SECURED NOTES DUE 2009 AND THE U.S.$[ ] SENIOR
      SECURED FLOATING RATE NOTES DUE 2009 dated as of [..../..../....] and
      connected instruments, as such: PRIVATE INSTRUMENT OF DEBT CONFESSION,
      dated as of [..../..../....] with [Marathon Fund, L.P.] in the amount of
      [....], PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [UBS], in the amount of [....], PRIVATE INSTRUMENT
      OF DEBT Confession, dated as of [..../..../....] with [JP Morgan] in the
      amount of [....] and PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [Banco do Espirito Santo - BES] in the amount of
      [....], PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [Cargill] in the amount OF [....], PRIVATE
      INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with [Banco do
      Brasil] in the AMOUNT of [....], PRIVATE INSTRUMENT OF DEBT CONFESSION,
      dated as of [..../..../....] with [Moneda] in the amount of [....];

(3)   SECURITY INDENTURE FOR NET SERVICOS DE COMUNICACAO S.A., dated as of
      [..../..../....] and entered by The Bank of New York (Trustee), RELATIVE
      TO US$76,593,068 7.0% SENIOR SECURED NOTES DUE 2009;

(4)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco do Brasil S.A. in the amount of [....] and corresponding to the
      Common Terms Agreement;

(5)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco do Brasil S.A. in the amount of [....] and corresponding to the
      Common Terms Agreement;

(6)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      do Itau BBA S.A. in the amount of R$ 61,144,097.23 and corresponding to
      the Common Terms Agreement;

(7)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      Itau BBA S.A. in the amount of R$ 4,509,403.14 and corresponding to the
      Common Terms Agreement;

(8)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      Itau BBA S.A. in the amount of R$ 4,039,613.40 and corresponding to the
      Common Terms Agreement;

(9)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(10)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(11)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(12)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 27/12/2004 with Banco
      Brascan S.A. in the amount of R$ 19,270,986.76 and corresponding to the
      Common Terms Agreement;

(13)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with
      Unibanco - Uniao de Bancos Brasileiros in the amount of R$ 103,988,711.06
      and corresponding to the Common Terms Agreement;

(14)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with
      Unibanco - Uniao de Bancos Brasileiros in the amount of R$ 368,951.88 and
      corresponding to the Common Terms Agreement;

(15)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with Banco
      Unico S.A. in the amount of R$ 20,541,104.80 and corresponding to the
      Common Terms Agreement;

(16)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Marathon Fund, L.P. in the amount of R$ [..........] and corresponding to
      the Common Terms Agreement;

(17)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco de Credito Nacional S.A. in the amount of R$ [..........] and
      corresponding to the Common Terms Agreement;

<PAGE>

                                                            SCHEDULE 4 TO THE
                                                            QUOTA PLEDGE
                                                            AGREEMENT WITH AN
                                                            AMICABLE SALE CLAUSE
                                                            AND OTHER COVENANTS

                       COPY OF THE INTERCREDITOR AGREEMENT

<PAGE>

                                                        SCHEDULE 5 TO THE QUOTA
                                                        PLEDGE AGREEMENT WITH AN
                                                        AMICABLE SALE CLAUSE AND
                                                        OTHER COVENANTS

                           LIST OF THE PLEDGED QUOTAS

      (i) ALNOR ALUMINIO DO NORTE LTDA.:
      - 127,326 quotas representing 99.99% of the capital stock of
the company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 1 quota representing 0.01% the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (ii) ANTENAS COMUNITARIAS BRASILEIRAS LTDA.:

      (iii) NET BELO HORIZONTE LTDA.:
      - 9,883,145,986 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (iv) NET BRASILIA LTDA.:
      - 8,872,670,492 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (v) NET LONDRINA LTDA.:
      - 1,160,163,414 quotas representing 86.45% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;
      - 181,797,074 quotas representing 13.55% of the capital stock of the

<PAGE>

company, owned by NET CURITIBA LTDA.;

      (vi) TV CABO DE CHAPECO LTDA.:
      - 8,999 quotas representing 99.99% of the capital stock of the company,
owned by DR - EMPRESA DE DISTRIBUICAO E RECEPCAO DE TV LDA.; e
      - 1 quota representing 0,01% of the capital stock of the company, owned by
NET SERVICOS DE COMUNICACAO S.A.;

      (viii) NET RECIFE LTDA.:
      - 2,675,719,695 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (ix) NET SAO PAULO LTDA.:
      - 66,417,092 quotas representing 97.87% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;
      - 1,443,105 quotas representing de 2.13% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;

      (x) NET CAMPINAS LTDA.:
      - 114,008,447 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (xi) NET INDAIATUBA LTDA.:
      - 632,029,634 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (xii) NET FRANCA LTDA.:
      - 3,097,553,877 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

<PAGE>

      (xiii) NET SUL COMUNICACOES LTDA.:
      - 46,019,310,766 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (xiv) DR - EMPRESA DE DISTRIBUICAO E RECEPCAO DE TV LTDA.
      - 15,398,048,765 quotas representing 99.99% of the capital stock of the
company, owned by NET SERVICOS DE COMUNICACAO S.A.;

      (xv) NET JOINVILLE LTDA.:
      - 966,067,758 quotas representing 73.74% of the capital stock of the
company, owned by HORIZONTE SUL COMUNICACOES LTDA.;
      - 344,040,000 quotas representing 26.26% of the capital stock of the
company, owned by DR - EMPRESA DE DISTRIBUICAO E RECEPCAO DE TV LTDA.;

      (xvi) NET FLORIANOPOLIS LTDA.:
      - 2,461,022,037 quotas representing 78.68% of the capital stock of the
company, owned by DR - EMPRESA DE DISTRIBUICAO E RECEPCAO DE TV LTDA.;
      - 666,927,700 quotas representing 21.32% of the capital stock of the
company, owned by NET SUL COMUNICACOES LTDA.;

      (xvii) NET MARINGA LTDA.:
      - 747,925,696 quotas representing 99.99% of the capital stock of the
company, owned by NET PARANA COMUNICACOES LTDA.;
      - 100 quotas representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xviii) NET SAO JOSE DO RIO PRETO LTDA.:
      - 6,119,120 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 01 quota representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xix) NET PIRACICABA LTDA.:
      - 1,199 quotas representing 99.92% of the capital stock of the

<PAGE>

company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 01 quota representing 0.08% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xx) NET GOIANIA LTDA.:
      - 10,755,850,721 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 07 quotas representing 0.07% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxi) NET CAMPO GRANDE LTDA.:
      - 2,820,950,571 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 59,100 quotas representing 0.01% of the capital stock of the company,
owned by NET SERVICOS DE COMUNICACAO S.A.;

      (xxii) NET SOROCABA LTDA.:
      - 39,043,106 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 02 quotas representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxiii) HORIZONTE SUL COMUNICACOES LTDA.:
      - 5,098,766,620 quotas representing 99.99% of the capital stock of the
company, owned by NET SUL COMUNICACOES LTDA.;
      - 100 quotas representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxiv) NET PARANA COMUNICACOES LTDA.:
      - 13,231,375,127 quotas representing 99.99% of the capital stock of the
company, owned by NET CURITIBA LTDA.;
      - 01 quota representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxv) NET CURITIBA LTDA.:
      - 16,401,055,172 quotas representing 99.99% of the capital stock of the
company, owned by NET SUL COMUNICACOES LTDA.;

<PAGE>

      - 100 quotas representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxvi) NET ARAPONGAS LTDA.:
      - 69,254,804 quotas representing 99.99% of the capital stock of the
company, owned by NET PARANA COMUNICACOES LTDA.;
      - 100 quotas representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxvii) NET BAURU LTDA.
      - 24,079,750 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 01 quota representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxviii) NET ANAPOLIS LTDA.:
      - 1,861,833,338 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 100 quotas representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.;

      (xxix) REYC COMERCIO E PARTICIPACOES LTDA.:
      - 2,498,595 quotas representing 99.99% of the capital stock of the
company, owned by MULTICANAL TELECOMUNICACOES S.A.;
      - 01 quota representing 0.01% of the capital stock of the company, owned
by NET SERVICOS DE COMUNICACAO S.A.

<PAGE>

                                                            SCHEDULE 6 TO
                                                            THE QUOTA PLEDGE
                                                            AGREEMENT WITH AN
                                                            AMICABLE SALE CLAUSE
                                                            AND OTHER COVENANTS

                   CHARACTERISTICS OF THE SECURED OBLIGATIONS

The estimated value for the Secured Obligations on the date hereof is US$[    ]
and R$[      ], which shall be increased by quarterly remuneratory interest at
the following maximum rates, as defined on the respective Debt Instruments:

     - For debts in Brazilian Reais-CDI plus spread of 2% (two percent) per year
       between June 30th, 2004 and December 14th, 2005, and CDI plus spread of
       3% (three percent) per year from December 15th, 2005 (including) until
       the final payment of such amount, and

     - For debts in American Dollars-fixed rate of 7% (c) quarterly LIBOR plus
       spread of 3% (three percent) per year.

The amortization of the outstanding principal amount of the Debt Instrument
shall be as following: (i) 40% at the first 5 (five) days following the
effectiveness of the Debt Instruments and the remaining 60% shall be amortized
quarterly from 2006 until, at the most, 2010, starting on March 15th, 2006; or
(ii) 100% (one hundred percent) shall be amortized quarterly from 2006 until, at
the most, 2010, starting on March 15th 2006, according to the terms and
conditions at the Debt Instruments.

<PAGE>

                                                        SCHEDULE 7 TO THE QUOTA
                                                        PLEDGE AGREEMENT WITH AN
                                                        AMICABLE SALE CLAUSE AND
                                                        OTHER COVENANTS

                            COPY OF POWER OF ATTORNEY
[MODEL - NET SHALL INCLUDE THE ORIGINAL COUNTERPART AT CLOSING]

May all those to whom this IRREVOCABLE PUBLIC POWER OF ATTORNEY may come that on
[ ], 2005, in this Capital of the State of Sao Paulo, there came before me,
Notary Public [ ], [ ], hereinafter referred to as "Principals", as well as [ ],
[ ], hereinafter referred to as "Intervening Party". Principals declared that:
(1) on the date hereof, they signed with certain creditors, hereinafter referred
to jointly as "Creditors", represented by [ ], as collateral agent, hereinafter
referred to as "Collateral Agent", a private instrument named "Quota Pledge
Agreement with an Amicable Sale Clause and Other Covenants", hereinafter
referred to as "Pledge Agreement"; (2) pursuant to article 684 of the Civil Code
and exclusively for the purposes of the Pledge Agreement, Principals grant to
the Collateral Agent specific and restricted powers to, on behalf of the
Creditors, represent Principals before any and all Registries of Deeds and
Documents and Commercial Registries financial institutions depositaries of book
quotas, as well as sign any and all documents, perform any and all acts
specifically and exclusively required for the registrations prescribed by law
and for the Pledge Agreement to be valid; (3) since this public power of
attorney is granted in the interest of Creditors and as a condition precedent
for the business established in the Pledge Agreement and in the agreements
related thereto, it is IRREVOCABLE; (4) this public power of attorney, as a
rule, shall be used before the Intervening Party and third parties for

<PAGE>

the Collateral Agent to perform the registration acts indicated above on behalf
of Principals, whereupon Principals shall not be required to directly perform
any acts other than the granting of this public power of attorney; (5) the
powers granted to the Collateral Agent hereunder shall only be extinguished upon
expiration and termination of the Pledge Agreement. The Intervening Party takes
cognizance of the declarations and the public power of attorney issued by
Principals and declares that, in general, it shall not hinder the performance of
any acts by the Collateral Agent, on behalf of Principals under the terms
hereof. In the event of substitution of the Collateral Agent, the latter is
hereby authorized to delegate such powers to the institution that becomes the
new Collateral Agent. After read by all, Principals and Intervening Party sign
this irrevocable public power of attorney.

<PAGE>

                                                            SCHEDULE 8 TO THE
                                                            QUOTA PLEDGE
                                                            AGREEMENT WITH AN
                                                            AMICABLE SALE CLAUSE
                                                            AND OTHER COVENANTS

        LIST OF ACTIONS, PROCEDURES, LIENS, ENCUMBRANCES AND RESTRICTIONS

JUDICIAL PROCEEDINGS

I. JUDICIAL PROCEEDINGS

<TABLE>
<CAPTION>
                           PLAINTIFF IN ENFORCEMENT
       OPERATOR                   ACTION NO.             SUBJECT MATTER    OBSERVATIONS
       --------                   ----------             --------------    ------------
<S>                       <C>                            <C>               <C>
NET SAO PAULO             FEDERAL GOVERNMENT                  Tax
                          1999.61.82.053713-2
                          6th Lower Court of Federal
                          Tax Enforcements

NET SAO PAULO             MUNICIPALITY                        Tax          Attachment of different
                          705.673-7/97-8                                   assets that make up the
                          1st Lower Court of                               network.
                          Municipal Tax
                          Enforcements - SP

                          FEDERAL GOVERNMENT                  Tax
NET SAO PAULO             2004.61.04.008510-2
(SANTOS BRANCH)           5th Lower Federal Court in
                          Santos

NET SAO JOSE RIO PRETO    STATE OF SAO PAULO                  Tax          Cable network attachment.
                          20.497/01
                          Ancillary Service of the
                          SJRPRETO Internal Revenue

NET SERVICOS              FEDERAL GOVERNMENT                  Tax
                          2004.61.82.037766-7
                          5th Lower Court of Federal
                          Tax Enforcements  - SP

NET SERVICOS              FEDERAL GOVERNMENT                  Tax
                          2004.61.82.051947-4
                          5th Lower Court of Tax
                          Enforcements - SP

NET SERVICOS              UNIBANCO                       Loan Agreement
                          000.02.222752-0,
                          16th Lower Civil Court of
                          the Central Courts  - SP

NET RIO                   STATE OF RIO DE JANEIRO             Tax
                          2001/100-004.229-8
                          Motion to Stay
                          Execution No.
                          2004.001.044.800-3
                          11th  Rio de Janeiro
                          Internal Revenue Service.

NET RIO                   STATE OF RIO DE JANEIRO             Tax          Attachment of 5% of Net
                          2001/100-004.230-4                               Rios's monthly revenues.
                          11th  Rio de Janeiro
                          Internal Revenue Service.
</TABLE>

<TABLE>
<CAPTION>
                           PLAINTIFF IN ENFORCEMENT
       OPERATOR                   ACTION NO.             SUBJECT MATTER    OBSERVATIONS
       --------                   ----------             --------------    ------------
<S>                       <C>                            <C>               <C>
NET RIO                   STATE OF RIO DE JANEIRO             Tax
                          2001/100-004.231-6                               Attachment of
                          11th  Rio de Janeiro                             Net Rio's revenues.
                          Internal Revenue Service.

NET RIO                   STATE OF RIO DE JANEIRO             Tax
                          2003/100.000.355-8
                          11th Rio de Janeiro
                          Internal Revenue Service.
</TABLE>

II. ADMINISTRATIVE PROCEEDINGS:

<TABLE>
<CAPTION>
                                Tax Authority
   Operator                     Proceeding No.           Subject Matter    Observations
   --------                     --------------           --------------    ------------
<S>                       <C>                            <C>               <C>
NET SAO PAULO             Federal Revenue Office              Tax
                          AI 52385

NET SAO PAULO             Federal Revenue Office              Tax
                          AI 00503

NET SAO PAULO             Federal Revenue Office              Tax
                          AI 1998.00902-7

NET SAO PAULO             08.1.81912-35
                          Federal Revenue Office              TAX

Cabodinamica              Federal Revenue Office              Tax
                          08.109000/03695/03

CABODINAMICA              Federal Revenue Office              Tax
                          08.109000/03695/03

NET RIO                   Rio de Janeiro Internal             Tax
                          Revenue Service
                          E-04/603.358/94
                          AI n. 791.691

NET RIO                   Rio de Janeiro Internal
                          Revenue Service                     TAX
                          E-04/146.770/97
                          AI 01.041552-9

NET RIO                   Rio de Janeiro Internal
                          Revenue Service.                    TAX
                          AI 01.049922-6
                          E-04.177.374/98
</TABLE>

<TABLE>
<CAPTION>
                                Tax Authority
   Operator                     Proceeding No.           Subject Matter    Observations
   --------                     --------------           --------------    ------------
<S>                       <C>                            <C>               <C>
NET RIO                   Rio de Janeiro Internal             Tax
                          Revenue Service
                          AI 01.053492-3
                          E-04.147.573/97

NET RIO                   RIO DE JANEIRO INTERNAL             Tax
                          REVENUE SERVICE.
                          E - 04/085.241/2002
                          Infraction Notice No.
                          03.007333-2

NET RIO                   Federal Revenue Office              Tax
                          15374.001438/99-84

NET RIO                   Federal Revenue Office              Tax
                          04203/02-A

NET RIO                   Federal Revenue Office              Tax
                          04203/02-B

NET RIO                   Federal Revenue Office              Tax
                          04203/02-C

MULTICANAL                Federal Revenue Office              Tax
                          AI n. 15374.004005/2001-20

DR (Porto Alegre)         Federal Revenue Office              Tax
                          11080.013354/
                          2002-68

DR (Porto Alegre)         Federal Revenue Office              Tax
                          11080-013.353/2002-13

NET SUL                   Municipality of Porto               Tax
                          Alegre
                          0085/98

NET BELO HORIZONTE        Federal Revenue Office              Tax
                          0610100/01055/03
</TABLE>

III. AGREEMENTS:

<TABLE>
<CAPTION>
                                  Encumbered                               Contract benefiting
Operator                          Properties             Type of Lien      from the Lien
--------                          ----------             ------------      -------------
<S>                       <C>                            <C>               <C>
NET CAMPINAS              3,073 Feet of RG/              Conditional       Financing Agreement with Transfer of
                          Coaxial MT cables,             Sale              Loan in Foreign Currency - BONY
                          year of manufacture                              signed with UNIBANCO - Uniao de
                          1998, Manufacturer                               Bancos Brasileiros S/A., filed with
                          CommScope, Inc.                                  the 1st Registry of Deeds and
                                                                           Documents of Campinas - SP,
                                                                           microfilm No. 283301, value: US$
                                                                           364,116.59

NET CAMPINAS              Attenuators,                   Conditional       Financing Agreement with Transfer
                          Equalizers,                    Sale              of Loan in Foreign Currency - BONY
                          Amplifiers and                                   signed with UNIBANCO - Uniao de
                          Carcass for                                      Bancos Brasileiros S/A., filed with
                          Amplifiers, year of                              the 1st Registry of Deeds and
                          manufacture 1998,                                Documents of Campinas - SP,
                          Manufacturer:                                    microfilm No. 283302, value: US$
                          Scientific Atlanta,                              635,800.07
                          Inc.

                          Attenuators,                   Conditional       Financing Agreement with Transfer
NET CAMPINAS              Equalizers,                    Sale              of Loan in Foreign Currency - BONY
                          Amplifiers and                                   signed with UNIBANCO - Uniao de
                          Carcass for                                      Bancos Brasileiros S/A., filed with
                          Amplifiers, year of                              the 1st Registry of Deeds and
                          manufacture 1998,                                Documents of Campinas - SP,
                          Manufacturer:                                    microfilm No. 283303, value: US$
                          Scientific Atlanta,                              342,868.14
                          Inc.
</TABLE>

IV. NONPARTICIPATING DEBT, AS DEFINED IN THE INTERCREDITOR AGREEMENT:
<PAGE>

                                                            SCHEDULE 9 TO THE
                                                            QUOTA PLEDGE
                                                            AGREEMENT WITH AN
                                                            AMICABLE SALE CLAUSE
                                                            AND OTHER COVENANTS

                            MODEL OF TERM OF ADHESION

                                TERM OF ADHESION

This Term of Adhesion, dated [ ] (the "TERM"), is entered into by and between
the parties below (the "PARTIES"):

      (a) NET SERVICOS DE COMUNICACAO S.A., a joint-stock company with its
headquarters in the City and State of Sao Paulo, at Rua Verbo Divino, 1356,
Chacara Santo Antonio, enrolled in the National Register of Legal Entities
(C.N.P.J.) under No. 00.108.786/0001-65 (the "COMPANY"), herein represented
pursuant to its Bylaws by its officers, Messrs. [ ] and [ ];

      (b) The Company's subsidiaries listed on "Schedule A" to this Term (the
"SUBSIDIARIES" and collectively with the Company, the "NET GROUP"), herein
represented by the Company;

      (c) Banco ITAU S.A., a financial institution with its headquarters in the
City and State of Sao Paulo, at Praca Alfredo Egydio Souza Aranha, 100, Torre
Itausa, enrolled in the National Register of Legal Entities (C.N.P.J.) under No.
60.701.190/0001-04, in the capacity of collateral agent (the "COLLATERAL
AGENT"), herein represented pursuant to its Bylaws;
<PAGE>

      (d) Each of the financial institutions listed and identified on "Schedule
B" to this Term (the "CREDITORS"), herein represented by the Collateral Agent;
and

      (e) [ ], a financial institution with its headquarters in the City of [ ],
State of [ ], at [ ], enrolled in the National Register of Legal Entities
(C.N.P.J.) under No. [ ] (the "JOINING CREDITOR"),

WHEREAS:

(a) The Company, the Subsidiaries mentioned in each of the agreements listed
below, the Collateral Agent, on its own behalf and on behalf of the creditors
mentioned in the agreements below, and the Creditors, as applicable, have
executed the following agreements:

      (i) The Intercreditor Agreement, dated [ ];

      (ii) The Receivables Pledge Agreement with an Enforcement Clause, dated [
      ], referring to the receivables and credit rights of Net Sao Paulo Ltda.
      and the Receivables Pledge Agreement with an Enforcement Clause dated [ ],
      referring to the receivables and credit rights of Net Rio S.A.
      ("RECEIVABLES PLEDGE AGREEMENTS");

      (iii) The Share Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [ ] ("SHARE PLEDGE AGREEMENT");

      (iv) The Quota Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [ ] ("QUOTA PLEDGE AGREEMENT"); and

      (v) The Asset Pledge Agreement with an Amicable Sale Clause and Other

<PAGE>

      Covenants, dated [ ] ("ASSET PLEDGE AGREEMENT", and collectively with the
      Receivables Pledge Agreements, the Share Pledge Agreement, the Quota
      Pledge Agreement and the Intercreditor Agreement, the "PLEDGE DOCUMENTS");

(b) The Pledge Documents allow for the adhesion of new creditors of the Net
Group, subject to the rules and restrictions of the Debt Instruments (as defined
in the Pledge Documents);

(c) On [ ], the Joining Creditor entered into with [ ](1), the [loan agreement]
(the "NEW DEBT INSTRUMENT")

(d) The Joining Creditor wishes to adhere to the Pledge Documents, in order to
share with the Creditors the guarantees granted by the Net Group by means of the
Pledge Documents, subject to all the terms and conditions set out therein, to
the effect that the Pledge Documents also secure the obligations of the NET
Companies ensuing from the New Debt Instrument; and

(e) The Net Group represents and warrants that this adhesion of the Joining
Creditor is made strictly in accordance with the terms and conditions of the
Debt Instruments (as defined in the Pledge Documents) and of the Pledge
Documents.

NOW THEREFORE, the Parties resolve to enter into this Term, which shall be
governed by the following terms and conditions:

1. - Upon execution of this Term, the Joining Creditor declares to be totally
aware of each of the Pledge Documents, to which it hereby adheres without any
restrictions, and irrevocably and irreversibly undertakes to comply with all the
terms, conditions and obligations established therein. Accordingly, the Pledge
Documents will also secure the

<PAGE>

obligations assumed by the NET Companies as a result of the New Credit
Instrument.

2. - For all purposes and effects of the Pledge Documents, the Joining Creditor
shall have the same rights and obligations as the other Creditors under the
Pledge Documents, without any reservations and/or limitations that are not
expressed in the Intercreditor Agreement.

3. - As an essential condition for the transactions contemplated in this Term,
in the Pledge Documents, in the Debt Instruments and in accordance with Article
684 of the Brazilian Civil Code, the Joining Creditor hereby irrevocably and
irreversibly appoints and constitutes the Collateral Agent, as further
identified in the preamble of this Term, as its attorney-in-fact to take any and
all of the following measures, acting on behalf of the Joining Creditor:

      (a) to take any actions on behalf of the Joining Creditor, as Collateral
Agent, and to exercise such powers and decisions related to this Term and the
Pledge Documents as are delegated to the Collateral Agent by this Term and the
Pledge Documents, as well as to exercise all other powers and decisions required
for the full compliance with this instrument, subject to applicable law;

      (b) to act as its attorney-in-fact with any and all powers required for
the exercise of the rights relating to the Collateral in connection with which
any lien is or may be created, as defined in the relevant Debt Instrument,
including the power to dispose of the Collateral according to the provisions of
the Pledge Agreements, and to represent the Creditors before the National
Telecommunications Agency - Anatel, the Administrative Council for Economic
Defense - CADE and any Registries of Deeds and Documents, Real Estate Registries
and Boards of Trade.

      (c) to act as its attorney-in-fact with any and all powers required for
the exercise of its rights ensuing from this Term or the Pledge Documents,
including the necessary

----------

(1) INCLUDE NAME OF THE NET COMPANIES THAT ARE PARTIES TO THE NEW CREDIT
INSTRUMENT.

<PAGE>

powers to allow the Collateral Agent to retain attorneys to represent the
Joining Creditor before any court, tribunal or arbitration court, it being
certain and agreed that the Joining Creditor hereby expressly authorizes the
Collateral Agent to grant to such attorneys any and all ad judicia et extra
powers that shall be required under the applicable legislation to assure the
representation of the Joining Creditors' interests before any court, tribunal or
arbitration court;

      (d) to act as attorney-in-fact for the purpose of receiving any judicial
or extrajudicial notice addressed to the Joining Creditor, or any summons and
service of process; and

      (e) to act as attorney-in-fact with any and all powers required for the
purpose of executing, delivering and, to the extent necessary, registering (i)
any Term of Adhesion according to the terms and conditions of this Term and the
Pledge Agreements, and (ii) any document, notice, waiver, declaration of
compliance, instrument of release, amendment, discharge and/or release of
guarantees and, if necessary, release of any liens on the Collateral, according
to the terms and conditions set out in this Term and the Transaction Documents.

4. - This Term of Adhesion shall be deemed to be an integral part of the
Intercreditor Agreement and of the other Pledge Documents on the date that this
Term of Adhesion is filed with the Registries of Deeds and Documents and with
the Real Estate Registration Offices. In order for the Term of Adhesion to be
effective and be considered as an integral part of the Intercreditor Agreement
and of the Pledge Agreements, the Joining Creditor shall register it at the
competent Registry of Deeds and Documents and Real Estate Registry and shall,
within at most 5 (five) business days of the date of said registration, send
certified copies evidencing such registration to the Collateral Agent and Net
Servicos.

5. - This Term shall be signed in the same number of counterparts as each of the
Pledge Documents.

<PAGE>

5.1. - Upon execution of this Term, the Parties expressly agree that each of the
Pledge Documents was automatically amended to reflect the adhesion of the
Joining Creditor and the New Debt Instrument. For such purpose, the Parties
agree that the exhibits of each of the Pledge Documents listed below is hereby
supplemented by the documents attached hereto, as indicated below:

      (a) "Schedule 2" to the Intercreditor Agreement, "Schedule 2" to the Asset
Pledge Agreement, "Schedule 2" to the Share Pledge Agreement, "Schedule 2" to
the Quota Pledge Agreement and "Schedule 2" to the Receivables Pledge Agreements
are supplemented by "Schedule 2" to this Term;

      (b) "Schedule 3" to the Intercreditor Agreement, "Schedule 3" to the Asset
Pledge Agreement, "Schedule 3" to the Share Pledge Agreement, "Schedule 3" to
the Quota Pledge Agreement and "Schedule 3" to the Receivables Pledge Agreements
are supplemented by "Schedule 3" to this Term; and

      (c) "Schedule 6" to the Asset Pledge Agreement, "Schedule 6" to the Share
Pledge Agreement, "Schedule 6" to the Quota Pledge Agreement and "Schedule 6" to
the Receivables Pledge Agreements are supplemented by "Schedule 6" to this Term;

6. - As of the respective registrations of this Term, the new schedules listed
in Clause 5.1 above shall be automatically considered as an integral part of
each of the Pledge Documents, and: (i) the New Debt Instrument shall be deemed,
for all purposes, the Debt Instrument, as defined in the Pledge Documents, (ii)
the Joining Creditor shall be considered, for all due purposes, as the Creditor,
as defined in the Pledge Documents, and (iii) the Collateral Agent shall
consider the credit of the Joining Creditor referring to the New Debt Instrument
for all purposes and effects of the Intercreditor Agreement.

7. - This Term of Adhesion shall not be deemed a novation of any of the terms
and

<PAGE>

conditions of the Pledge Documents.

IN WITNESS WHEREOF, the Parties - binding themselves and their successors - sign
this Term in the presence of 2 (two) undersigned witnesses.

                            Sao Paulo, [ ]

                                       NET SERVICOS DE COMUNICACAO S.A.

                                       ----------------------------------------
                                       Name:                     Name:

                                       Title:                    Title:

                                       BANCO ITAU S.A.

                                       ----------------------------------------
                                       Name:                     Name:

                                       Title:                    Title:

Witnesses:

1. -
      ----------------------
      Name:

      Identity Card (RG):

2. -
      ----------------------
      Name:

      Identity Card (RG):

<PAGE>
                                                        SCHEDULE 10 TO THE QUOTA
                                                        PLEDGE AGREEMENT WITH AN
                                                        AMICABLE SALE CLAUSE AND
                                                        OTHER COVENANTS

                           LIST OF INTERVENING PARTIES

ALNOR ALUMINIO DO NORTE LTDA., a Brazilian limited company with its headquarters
in the City of Manaus, State of Amazonas, at Rua Emilio Moreira 1672, Altos,
Praca 14 de Janeiro, enrolled in C.N.P.J. under No. 34.534.750/0001-65, herein
represented according to its Articles of Association;

ANTENAS COMUNITARIAS BRASILEIRAS LTDA., a Brazilian limited company with its
headquarters in the City of Blumenau, State of Santa Catarina, at Avenida Brasil
No. 60, Ponta Aguda, enrolled in C.N.P.J. under No. 79.375.606/0001-61, herein
represented according to its Articles of Association;

NET BELO HORIZONTE LTDA., a Brazilian limited liability company with its
headquarters in the City of Belo Horizonte, State of Minas Gerais, at Avenida
Renascenca No. 515, Renascenca, CEP 31160-000, enrolled in C.N.P.J. under No.
38.738.308/0001-01, herein represented according to its Articles of

<PAGE>

Association;

NET BRASILIA LTDA., a Brazilian limited liability company with its headquarters
in Brasilia, Federal District, SIG/Sul, Quadra 01, No. 725, CEP 70000-000,
enrolled in C.N.P.J. under No. 26.499.392/0001-79, herein represented according
to its Articles of Association;

NET LONDRINA LTDA., a Brazilian limited company with its headquarters in the
City of Londrina, State of Parana, at Rua Santos, 737, Centro, enrolled in
C.N.P.J. under No. 80.924.459/0001-10, herein represented according to its
Articles of Association;

TV CABO DE CHAPECO LTDA., a Brazilian limited company with its headquarters in
the City of Chapeco, State of Santa Catarina, at Avenida Nereu Ramos, 237 E sala
01, enrolled in C.N.P.J. under No. 00.647.530/0001-26, herein represented
according to its Articles of Association;

NET RECIFE LTDA., a Brazilian limited liability company with its headquarters in
the City of Recife, State of Pernambuco, at Rua Francisco Alves No. 100, CEP
50070-490, Bairro da Ilha do Leite, enrolled in C.N.P.J. under No.
08.828.469/0001-25, herein represented according to its Articles of Association;

<PAGE>

NET SAO PAULO LTDA., a Brazilian limited liability company with its
headquarters in the City of Sao Paulo - SP, at Rua Verbo Divino No. 1.356,
terreo, blocks 1 and 2, CEP 04719-002, Chacara Santo Antonio, Sao Paulo - SP,
enrolled in C.N.P.J. under No. 65.697.161/0001-21, herein represented according
to its Articles of Association;

NET CAMPINAS LTDA., a Brazilian limited liability company with its headquarters
in the City of Campinas, State of Sao Paulo, at Rua Jasmim No. 610, CEP
13.807-520, Chacara Primavera, enrolled in C.N.P.J. under No.
61.698.510/0001-79, herein represented according to its Articles of Association;

NET INDAIATUBA LTDA., a Brazilian limited liability company with its
headquarters in the City of Indaiatuba, State of Sao Paulo, at Rua 11 de junho
de No.1.849/1.853, Vila Victoria, CEP 13.330-050, enrolled in C.N.P.J. under No.
58.393.695/0001-07, herein represented according to its Articles of Association;

NET FRANCA LTDA., a Brazilian limited liability company with its headquarters in
the City of Franca, State of Sao Paulo, at Rua Carmen Irene Batista No. 2.837,
Jardim Samello, CEP 14405-135, enrolled in C.N.P.J. under No.
60.348.414/0001-38, herein represented according to its Articles of Association;

<PAGE>

NET SUL COMUNICACOES LTDA., a Brazilian limited liability company with its
headquarters in the City of Porto Alegre - RS, at Rua Silveiro No. 1111, Morro
Santa Teresa, CEP 90850-000, enrolled in C.N.P.J. under No. 73.676.512/0001-46,
herein represented according to its Articles of Association;

DR- EMPRESA DE DISTRIBUICAO E RECEPCAO DE TV LTDA., a Brazilian limited
liability company with its headquarters in the City of Porto Alegre - RS, at Rua
Silveiro No. 1111, Morro Santa Teresa, CEP 90850-000, enrolled in C.N.P.J. under
No. 93.088.342/0001-96, herein represented according to its Articles of
Association;

NET JOINVILLE LTDA., a Brazilian limited liability company with its headquarters
in the City of Joinville, State of Santa Catarina, at Avenida Procopio Gomes No.
419, Bucaren, CEP 89202-300, enrolled in C.N.P.J. under No. 85.271.898/0001-95,
herein represented according to its Articles of Association;

NET FLORIANOPOLIS LTDA., a Brazilian limited liability company with its
headquarters in the City of Florianopolis, State of Santa Catarina, at Avenida
Rio Branco No. 808, Centro, CEP 88015-202, enrolled in C.N.P.J. under No.
72.461.072/0001-47, herein represented according to its Articles of Association;

<PAGE>

NET MARINGA LTDA., a Brazilian limited liability company with its headquarters
in the City of Maringa, State of Parana, at Avenida Nobrega No. 494, Zona 04,
CEP 87013-330, enrolled in C.N.P.J. under No. 81.712.416/0001-34, herein
represented according to its Articles of Association;

NET SAO JOSE DO RIO PRETO LTDA., a Brazilian limited liability company with its
headquarters in the City of Sao Jose do Rio Preto, State of Sao Paulo, at Rua
Lafaiete Spinola de Castro No. 1922, Boa Vista, CEP 15025-510, enrolled in
C.N.P.J. under No. 69.082.832/0001-09, herein represented according to its
Articles of Association;

NET PIRACICABA LTDA., a Brazilian limited liability company with its
headquarters in the City of Piracicaba, State of Sao Paulo, at Avenida
Independencia No. 3552, Alemaes, CEP 13416-230, enrolled in C.N.P.J. under No.
64.592.116/0001-40, herein represented according to its Articles of Association;

NET GOIANIA LTDA., a company with its headquarters in the City of Goiania, State
of Goias, at Rua 15, Quadra j-15, Lote 08, No. 970, Setor Marista, CEP
74000-000, enrolled in C.N.P.J. under No. 33.659.475/0001-43, herein represented
according to its Articles of Association;

<PAGE>
NET CAMPO GRANDE LTDA., a Brazilian limited liability company with its
headquarters in the City of Campo Grande, State of Mato Grosso do Sul, at
Avenida Afonso Pena No. 3.004, CEP 79002-075, Centro, enrolled in C.N.P.J. under
No. 24.615.965/0001-57, herein represented according to its Articles of
Association;

NET SOROCABA LTDA., a Brazilian limited liability company with its headquarters
in the City of Sorocaba, State of Sao Paulo, at Avenida Antonio Carlos Comitre
No. 1.074, corner with Rua Pedro Molina No. 81, Parque Campolim, CEP 18047-000,
enrolled in C.N.P.J. under No. 64.637.903/0001-60, herein represented according
to its Articles of Association;

HORIZONTE SUL COMUNICACOES LTDA., a Brazilian limited liability company with its
headquarters in the City of Porto Alegre, State of Rio Grande do Sul, at Rua
Silveiro, No. 1.111, part, enrolled in C.N.P.J. under No. 94.319.209/0001-66,
herein represented according to its Articles of Association;

NET PARANA COMUNICACOES LTDA., a Brazilian limited liability company with its
headquarters in the City of Curitiba, State of Parana, at Rua Paulo Graeser
Sobrinho, No. 557, Merces, enrolled in C.N.P.J. under No. 84.922.681/0001-35,
herein represented according to its Articles of Association;

NET CURITIBA LTDA., a Brazilian limited liability company with its headquarters
in the City of Curitiba, State of Parana, at Rua Mamore No. 340, enrolled in
C.N.P.J. under No. 82.342.833/0001-03, herein represented according to its
Articles of Association;

<PAGE>

NET ARAPONGAS LTDA., a Brazilian limited liability company with its headquarters
in the City of Arapongas, State of Parana, at Rua Marabu, No. 542, enrolled in
C.N.P.J. under No. 81.897.118/0001-66, herein represented according to its
Articles of Association;

NET BAURU LTDA., a Brazilian limited liability company with its headquarters in
the City of Bauru, State of Sao Paulo, at Avenida Duque de Caxias, No. 466,
enrolled in C.N.P.J. under No. 64.083.561/0001-84, herein represented according
to its Articles of Association;

NET ANAPOLIS LTDA., a company with its headquarters in the City of Anapolis,
State of Goias, at Rua Senai, No. 159 a 179, enrolled in C.N.P.J. under No.
33.584.277/0001-68, herein represented according to its Articles of Association;

REYC COMERCIO E PARTICIPACOES LTDA., a Brazilian limited liability company with
its headquarters in the City of Sao Jose, State of Santa Catarina, at Rua
Francisco Jose Ferreira, No. 101, enrolled in C.N.P.J. under No.
95.853.263/0001-50, herein represented according to its Articles of Association.

<PAGE>

                                                      SCHEDULE 11  TO THE QUOTA
                                                      PLEDGE AGREEMENT WITH AN
                                                      AMICABLE SALE CLAUSE AND
                                                      OTHER COVENANTS

LIST OF COMPANIES THAT WILL BE SUBJECT TO CORPORATE RESTRUCTURING TO BE CARRIED
OUT BY NET SERVICOS

   Alnor Aluminio do Norte Ltda.
   Antenas Comunitarias Brasileiras Ltda.
   Net Belo Horizonte Ltda.
   Net Londrina Ltda.
   TV Cabo de Chapeco Ltda.
   Net Recife Ltda.
   Net Campinas Ltda.
   Net Indaiatuba Ltda.
   Net Franca Ltda.
   Net Sul Comunicacoes Ltda.
   Net Joinville Ltda.
   Net Florianopolis Ltda.
   Net Maringa Ltda.
   Net Sao Jose do Rio Preto Ltda.
   Net Piracicaba Ltda.
   Net Goiania Ltda.
   Net Campo Grande Ltda.
   Net Sorocaba Ltda.
   Horizonte Sul Comunicacoes Ltda.
   Net Curitiba Ltda.
   Net Arapongas Ltda.
   Net Bauru Ltda.
   Net Anapolis Ltda.
   Net Brasilia Ltda.
   Net Sao Paulo Ltda.
   DR- Empresa de Distribuicao e Recepcao de TV Ltda.
   Net Parana Comunicacoes Ltda.
   Reyc Comercio e Participacoes Ltda.<PAGE>
                                                                    Exhibit 4.24
                                                              (Free Translation)

           RECEIVABLES PLEDGE AGREEMENT WITH AN ENFORCEMENT CLAUSE

This Receivables Pledge Agreement with an Enforcement Clause ("AGREEMENT"),
signed on [   ] 2005, is entered into by and between the following Parties
("PARTIES"):

      (a) NET SAO PAULO LTDA., a sociedade limitada with headquarters in the
City of Sao Paulo, State of Sao Paulo, at Rua Verbo Divino, n(degrees) 1.356,
enrolled in CNPJ under N(degrees) 65.697.161/0001-21, herein represented
pursuant to its Bylaws ("NET COMPANY", namely, the company that constitutes the
Pledge, as defined and specified below);

      (b) each institution listed and identified in "Schedule 2" hereof
(individually, "CREDITOR" and collectively, "CREDITORS"), herein represented by
the Collateral Agent mentioned below;

      (c) BANCO ITAU S.A., a Brazilian financial institution with headquarters
in the City of Sao Paulo, State of Sao Paulo, at Praca Alfredo Egydio Souza
Aranha, 100, Torre Itausa, enrolled in CNPJ under No. 60.701.190/0001-04, herein
represented pursuant to its Bylaws, as collateral agent (the "COLLATERAL
AGENT");

      (d) BANCO ITAU S.A., as identified above, herein represented pursuant to
its Bylaws, as the centralizing bank ("CENTRALIZING BANK"); and

      (e) as intervening party, NET SERVICOS DE COMUNICACAO S.A., a sociedade
anonima company with headquarters in the City of Sao Paulo, State of Sao Paulo,
at Rua Verbo Divino, No. 1.356, enrolled in CNPJ under No. 00.108.786/0001-65,

<PAGE>

                                                                             -2-

herein represented pursuant to its Bylaws, being bound for itself and its
controlled companies ("NET SERVICOS").

WHEREAS:

      (1) Net Servicos and/or some of its controlled companies were originally
debtors in a number of loans contracted in Brazil and abroad ("DEBT"), which
were not paid according to their respective instruments; all of the loans
integrating the Debt were listed in the Term Sheet mentioned in whereas clause
(2) below;

      (2) Net Servicos, for itself and on behalf of some of its controlled
companies, and Creditors negotiated in good faith a restructuring plan of the
Debt, according to the Term Sheet, which is an integral part of the Commitment
Letters executed by Net Servicos and certain companies controlled by Net
Servicos with several Creditors, and is the subject matter of the relevant fact
disclosed by Net Servicos on June 28, 2004 ("RESTRUCTURING PLAN");

      (3) as part of the actual implementation of the Restructuring Plan, Net
Servicos and certain of its controlled companies, on the one part, and
Creditors, on the other part, changed and/or formalized, or undertook to
formalize and/or amend, the replacement of the original credit instruments
relating to the Debt in order to reflect the terms of the Restructuring Plan,
through the debt instruments that are listed and identified in "Schedule 3"
("DEBT INSTRUMENTS");

      (4) in addition to the Debt Instruments and this Agreement, as part of the
formalization of the Restructuring Plan, Net Servicos executed, among other
instruments, the following:

<PAGE>

                                                                             -3-

            (a) on this date, together with certain duly identified controlled
companies, the Creditors and the Collateral Agent, Net Servicos executed the
Intercreditor Agreement, a copy of which is an integral part hereof as "Schedule
4" ("INTERCREDITOR AGREEMENT");

            (b) on this date, together with Net Rio S.A., the Creditors
represented by the Collateral Agent and the Centralizing Bank, Net Servicos
executed the Receivables Pledge Agreement with an Enforcement Clause;

            (c) on this date, together with certain duly identified controlled
companies and the Creditors represented by the Collateral Agent, Net Servicos
executed the Share Pledge Agreement with an Amicable Sale Clause and other
Covenants and the Quota Pledge Agreement with an Amicable Sale Clause and Other
Covenants; and

            (d) on this date, together with certain duly identified controlled
companies and the Creditors, the latter represented by the Collateral Agent, Net
Servicos executed the Asset Pledge Agreement with an Amicable Sale Clause and
Other Covenants (the pledge agreements referred to in whereas clauses 4(b), (c)
and (d) are hereinafter referred to jointly as "ADDITIONAL PLEDGE AGREEMENTS");

      (5) subject to the terms agreed in the Debt Instruments, in the
Intercreditor Agreement and in this Agreement, the NET Company, as security for
full compliance with all the pecuniary obligations mentioned in the Debt
Instruments, agrees, pursuant to the terms and conditions of this Agreement, to
create a pledge in favor of the Creditors on (a) its total receivables, present
and future, net and gross, before the qualified NET Company subscribers in the
Cities of Sao Paulo and Santos - SP, as a result of services of any nature
provided or which may be provided to said subscribers, including with respect to
cable television, pay-per-view, and broadband, and the receivables existing
until [   ] 2005

<PAGE>

                                                                             -4-

are listed and duly identified in "Schedule 5", which will be amended on a
quarterly basis, pursuant to Clause 11.2 below, in order to include and/or
exclude occasional increases or reductions in such receivables pursuant to the
provisions set out herein ("NET COMPANY'S RECEIVABLES"); and on (b) the total
receivables of the NET Company against the Centralizing Bank with respect to the
NET Company's Receivables (together with the NET Company's Receivables, the
"RECEIVABLES"), which, for the purposes hereof, shall be collected through the
banking network, as provided for herein (the "COLLECTION NETWORK"); and

      (6) subject to the terms and conditions established in the Debt
Instruments, in the Intercreditor Agreement and in this Agreement, of which
content NET Company, Net Servicos, both directly and by their controlled
companies, the Creditors, the Centralizing Bank and the Collateral Agent declare
to be fully aware and which they irrevocably and irreversibly undertake to
observe, the Collateral Agent was appointed as representative of the Creditors,
with the duties, rights and obligations set forth in the Intercreditor Agreement
and herein, especially with respect to the possible enforcement of the
guarantees mentioned in whereas clause (5) above and to the allocation of the
proceeds of the enforcement among the Creditors.

      NOW THEREFORE, the Parties decide to enter into this Agreement, which
shall be governed by the following terms and conditions:

I.-   CREATION OF THE PLEDGE

1.1. - Subject to the provisions of this Agreement and of the Intercreditor
Agreement, and to ensure full compliance with all the pecuniary obligations
assumed in the Debt Instruments, including full payment of the amount of
principal, interest and any and all other charges owed by Net Servicos, and/or
by Net Servicos' controlled companies, and/or by NET Company, under the Debt
Instruments, including with respect to reimbursement of

<PAGE>

                                                                             -5-

any and all amounts that the Collateral Agent justifiably, provably and
reasonably disburses by virtue of the creation, maintenance and/or enforcement
of the pledge contracted herein (collectively, the "SECURED OBLIGATIONS"), based
on the general provisions of Articles 1419 et seq. of the Brazilian Civil Code
in effect ("CIVIL CODE"), NET Company, by this instrument and in the best form
of law, irrevocably and irreversibly pledges the Receivables in favor of
Creditors (the "PLEDGE"), as a result of which it undertakes to transfer,
pursuant hereto, 100% (one hundred percent) of the Receivables to the
Centralizing Bank, to escrow current account No. [   ], held by NET Company at
branch [   ] of the Centralizing Bank, located in the City of [   ], State of
[   ], at [   ] (the "CENTRALIZING ACCOUNT"). NET Company undertakes to
determine that all payments of Receivables be made through the Collection
Network.

1.1.1. - The Pledge does not affect or limit, in any way, the NET Company's
right to freely and unrestrictedly perform its discount, collection, promotions
and invoicing policies, provided that the new policies are not contrary to the
purpose hereof.

1.1.2. - The Pledge will not be affected or impaired in any way by any default
on the part of the subscribers with respect to the Receivables. Likewise, the
Pledge will not be affected or impaired in any way by the withholding of bank
fees, by the Collection Network and/or the Centralizing Bank, on the amounts
deposited with such institutions by way of payment and transfer of Receivables,
so that the amounts thus withheld will not be considered as pledged amounts for
purposes of calculation of the Daily Withholding Amount referred to in Clause
2.3.

1.2. - Subject to the provisions of the Debt Instruments, the Intercreditor
Agreement and this Agreement, the NET Company hereby undertakes, for the
duration hereof, to maintain under pledge in favor of the Creditors, herein
represented by the Collateral Agent, as guarantee for compliance with the
Secured Obligations hereunder and as the subject matter of the Pledge now
created, 100% (one hundred percent) of the Receivables.

<PAGE>

                                                                             -6-

1.2.1. - For such purpose, NET Company shall amend this Agreement to update its
"Schedule 5" on a quarterly basis, in order to reflect any additions to and
reductions in Receivables that may become necessary, pledging any and all
Receivables arising from such updating, in compliance with the provisions of
Clause 11.2 below. The Centralizing Bank and the other Parties to this Agreement
hereby agree that the signature by the Centralizing Bank, either as a party or
intervening party, on the amendment to this Agreement, for purposes of updating
of "Schedule 5", shall not be required. If there are no additions to or
reductions in Receivables over the period, NET Company shall only inform this
fact to the Collateral Agent up to the fifteenth (15th) day of the month
immediately after the calendar quarter just ended, if it is a business day, or
on the business day immediately following.

1.2.2.- If Net Servicos and/or any of its controlled companies hold credits and
receivables, whether present or future, net or gross, before subscribers and/or
users resident or domiciled in the Cities of Sao Paulo and Santos - SP, with
respect to services of any nature, including cable television, pay-per-view, and
broadband services that are provided or may be provided to said subscribers
and/or users resident or domiciledin the Cities of Sao Paulo and Santos - SP,
and that may be invoiced and/or received by a company or companies other than
the NET Company, Net Servicos hereby irrevocably and irreversibly undertakes,
for itself and its controlled companies, to ensure that such credits and
receivables are contemplated by this Pledge, becoming automatically subject to
this Agreement.

1.3. - For purposes of monitoring and verification of compliance with the
obligations set out in Clauses 1.2, 1.2.1 and 1.2.2 above, NET Company
undertakes to supply to Collateral Agent, the following documents:

      (a) a monthly written report by the 10th day of the month immediately
after the month contemplated in the report, which may be made available
electronically, informing,

<PAGE>

                                                                             -7-

with respect to the previous month, (i) the total amount invoiced against all
qualified subscribers in the Cities of Sao Paulo and Santos - SP; (ii) the total
amount effectively received from such subscribers; and (iii) the total amount
transferred by the Collection Network to the Centralizing Bank;

      (b) on a monthly basis, by the 10th day of the month subsequent to the
month contemplated in the report, detailed statements of NET Company's current
accounts to the Collection Network, in which the payments for the Receivables
have been deposited, issued by the respective institutions that are part of the
Collection Network and the Centralizing Account, issued by the Centralizing
Bank;

      (c) a monthly written report, on the last day of the period covered by the
report dealt with in item "a" above, which may be made available electronically,
informing the total Receivables and indicating the Receivables to be actually
pledged to the Creditors pursuant to Clause 1.2; and

      (d) on a quarterly basis, on the proper dates for submission of the ITR
(Rural Territorial Tax) to the Securities Commission, a letter to be prepared by
outside auditors in favor of the Collateral Agent, describing the exceptions
found with regard to compliance with Clauses 1.2 and 1.2.2 and the declarations
provided by the companies in accordance with items (a), (b) and (c) of Clause
1.3 of this Agreement.

1.4. - In the event that any document mentioned in Clause 1.3 above is not
supplied within the specified period, or shows noncompliance with the
obligations stipulated in Clauses 1.1, 1.2, 1.2.2, 11.2 and 11.2.1, the NET
Company, after duly notified by the Collateral Agent, will have 5 (five)
business days to regularize compliance with the obligations contemplated in such
Clauses.

1.4.1. The responsible party, upon notice, will have 10 (ten) business days to
regularize any

<PAGE>

                                                                             -8-

obligations contemplated herein that have not been properly performed and for
which there is no specific regularization term.

1.5. - For purposes of Article 1424 of the Civil Code, the Parties expressly
covenant that the principal conditions and characteristics of the Secured
Obligations are those established in each of the Debt Instruments. The estimated
principal amount of the Secured Obligations, the final due date and the maximum
interest rate contemplated for such Secured Obligations, in each case, on the
present date are those set forth in "Schedule 6" hereof, which schedule,
regardless of any formality and according to the payments made pursuant to the
Debt Instruments, will automatically reflect the amortizations of the Secured
Obligations, as well as any additions arising from the inclusion of new credits
from Joining Creditors and any contractual and legal charges assessed on the
Secured Obligations.

1.6. - The Pledge hereby created will become in full force and effect as of this
date and will remain fully effective until the date on which all the Secured
Obligations related to the Debt Instrument have been fully and definitively paid
("PLEDGE TERMINATION DATE").

1.7. - During the period comprised between this date and the Pledge Termination
Date, the Pledge will benefit solely and exclusively the Creditors.

1.8. - NET Company hereby irrevocably and irreversibly undertakes to ensure
that, as security for full compliance with its Secured Obligation related to the
Debt Instruments, between this Date and the Pledge Termination Date, the
Receivables are duly pledged in favor of Creditors.

1.9. - NET Company hereby and in the best form of law irrevocably and
irreversibly appoints and constitutes Net Servicos as its attorney-in-fact,
granting it full and special ad negotia powers specifically to represent NET
Company with respect to all purposes hereof,

<PAGE>

                                                                             -9-

before the Creditors and/or Collateral Agent and/or Centralizing Bank; Net
Servicos, subject to the terms and conditions of this Agreement and of the
Intercreditor Agreement, is hereby authorized to take all the actions necessary
to comply with the obligations hereunder as well as to defend and protect the
NET Company's interests, and to that end and without any limitation, it may sign
any and all documents, send and receive any and all notices or communication,
sign any amendments to this Agreement, receive and give release, represent NET
Company at the registries of deeds and documents, real estate registries and any
other registries, and, finally, perform all the acts necessary for the validity
and effectiveness hereof. If, due to the nature of the act, a public or private
instrument of power of attorney must be issued to Net Servicos or Net Servicos
must be granted special powers or powers in addition to those granted by its
controlled companies, Net Servicos, at its own account and risk, will be
responsible for obtaining and regulating the granting of the powers, being
obliged, upon request by the Collateral Agent, to supply evidence of compliance
with the provisions hereof.

II. - ENFORCEMENT OF THE PLEDGE

2.1. - As long as the Secured Obligations are being performed, NET Company may,
at any time, freely dispose of the funds deposited in the Centralizing Account.

2.2. - NET Company hereby instructs and authorizes (a) the Collateral Agent, in
compliance with the terms and conditions of the Debt Instruments, of this
Agreement and of the Intercreditor Agreement (notably the deliberation by the
Creditors to enforce the Pledge), to submit to the Centralizing Bank, if the
Secured Obligations are not complied with, a notice making express reference to
this Clause 2.2 and instructing the Centralizing Bank to immediately withhold
the sums contemplated by this Clause II, and (b) the Centralizing Bank to accept
the irrevocable instructions contemplated in item (a) above.

<PAGE>

                                                                            -10-

2.2.1. - In compliance with the provisions of Clause 2.2 above, in the event of
default on the Secured Obligations, it is hereby expressly stipulated that any
act or measure aimed at enforcement of the Pledge, may only be implemented
exclusively by the Collateral Agent, subject to the terms and conditions of the
Intercreditor Agreement, so that no Creditor may take advantage of judicial,
extrajudicial or any other constrictions on the rights contemplated herein,
under penalty of application of the provisions in Clause 2.9.

2.3. - Once informed by the Collateral Agent about the withholding obligation
mentioned above, the Centralizing Bank will be required hereunder, pursuant to
the terms of Article 1455, sole paragraph of the Civil Code, subject to the
provisions of this instrument, of the Debt Instruments and of the Intercreditor
Agreement, irrevocably and irreversibly, promptly and automatically, to arrange
for the cumulative and daily withholding of the amount equivalent to no more
than 30% (thirty percent) of the funds then available in the Centralizing
Account, as well as 30% (thirty percent) of the deposits made thereafter on a
daily basis in the Centralizing Account, causing the retained amount to become
unavailable to NET Company (the "DAILY WITHHOLDING AMOUNT"), and automatically
releasing the remaining balance available at the Centralizing Account for free
use by NET Company.

2.4. - Upon written request by the Collateral Agent mentioned in Clause 2.2
above, and regardless of any additional formality, the Centralizing Bank will be
irrevocably and irreversibly required to transfer the Daily Withholding Amount
to such current account(s) as may be indicated by the Collateral Agent in favor
of the Creditors, the outstanding balance being automatically released in favor
of NET Company.

2.4.1. - For purposes of the provisions of Clause 2.4 above, it is hereby
established that the amount to be daily withheld in the Centralizing Account and
transferred to the Collateral Agent may be lower or higher than the percentage
defined above for purposes of calculation of the Daily Withholding Amount,
except for the events contemplated in Clause 2.11.1 hereof.

<PAGE>

                                                                            -11-

2.4.2. - Any funds transferred by the Centralizing Bank to the Collateral Agent
in the manner and for the purposes established herein, shall be used by the
Collateral Agent for prompt payment of the past due Secured Obligations, with
due regard to the allocation rules contemplated in the Intercreditor Agreement.

2.4.3. - In the event of default on the Secured Obligations at any time, and
provided that the applicable provisions hereof are observed, especially those
contained in Clauses 2.1, 2.2, 2.2.1 and 2.3 above, of the Intercreditor
Agreement and of the Debt Instruments, until full compliance with the Secured
Obligations, the Collateral Agent may ask the Centralizing Bank to make daily
transfers of the Daily Withholding Amount to the Collateral Agent, as provided
for herein, for payment of the Secured Obligations up to the amount of the past
due Secured Obligations.

2.4.4. - In the event of any withholding and transfer as mentioned in this
Clause II, the corresponding Secured Obligations will be automatically
acquitted, on a daily basis and strictly to the extent of such daily withholding
and transfer, and regardless of any other formality, to which the Collateral
Agent hereby agrees on behalf of Creditors and on its own behalf, irrevocably
and irreversibly, and Collateral Agent and Creditors waive any claims against
NET Company with respect to the amounts that have been the subject matter of
said withholding and transfer.

<PAGE>

                                                                            -12-

2.5. - The withholding and corresponding transfer to be made as set forth in
this Clause II shall be carried out for the time necessary to obtain sufficient
funds to fully settle the past due Secured Obligations (including any default
charges, which will only cease to apply upon full and complete payment of the
past due Secured Obligations, as well as of the costs and expenses for which
Creditors and/or Collateral Agent are not liable, but which, by force of the
provisions herein, have been borne and evidenced by them). Thus, the Collateral
Agent shall promptly inform the Centralizing Bank on the same day on which this
payment occurs, by means of written notice, that the latter will interrupt the
withholding under penalty of the applicable legal sanctions and the obligation
to refund any unduly retained amounts, properly accreted according to the
DI-CETIP Over Rate (Extra-Group) remuneration published by CETIP in the period
equivalent to that of the inappropriate withholding.

2.6. - Given the procedures and conditions established herein, it is hereby
certain and defined that there is no responsibility or guarantee on the part of
the Centralizing Bank or the Collateral Agent for payment of the Secured
Obligations, except for the responsibility to perform the acts and procedures
contemplated herein.

2.6.1. - The NET Company hereby authorizes the Centralizing Bank, on an
irrevocable and irreversible basis, and as an essential condition for the
business, pursuant to Article 684 of the Civil Code, to accept all the
Collateral Agent's orders, provided that such orders have been given strictly in
accordance with this Agreement and with the Intercreditor Agreement. A copy of
the orders sent by the Collateral Agent and evidence of compliance with such
order by the Centralizing Bank shall be sent by the Collateral Agent and the
Centralizing Bank, respectively, to Net Servicos and/or NET Company up to the
immediately succeeding business day.

2.7. - It is hereby established among the Parties that the Collateral Agent may
only contact or notify NET Company's subscribers qualified in the Cities of Sao
Paulo and

<PAGE>

                                                                         -13-

Santos - SP in the sole and exclusive events of (a) default with respect to the
Secured Obligations, or (b) NET Company not giving the notice mentioned in
Clause 4.1 (h) hereof within the stipulated period. The Collateral Agent must
act exclusively to ensure compliance with the provisions of this Clause II,
including to guarantee the obligation of the funds received from these
subscribers to be handled through the Collection Network, always in compliance
with the terms and conditions hereof, of the Debt Instruments and of the
Intercreditor' Agreement.

2.8. - Although the Creditors have lawful preference rights with respect to the
Receivables mentioned herein, the Creditors, through the Collateral Agent that
represents them herein, hereby expressly agree and declare on an irrevocable and
irreversible basis, under the penalties of the law, that during the
effectiveness of this Agreement, and while they are parties to this Agreement,
they may only (a) perform any acts that imply or may imply the attachment,
judicial seizure or any other type of restriction of the Receivables; and/or (b)
perform any acts that imply or may imply the attachment, judicial seizure or any
other type of restriction of the sums contained in the Centralizing Account,
solely and exclusively through the Collateral Agent, with due regard for the
provisions in the Intercreditor Agreement and in this Agreement.

2.9. - If any of the Creditors and/or the Collateral Agent fail to observe the
provisions of Clause 2.8, Net Servicos and/or NET Company shall notify
Collateral Agent and such Creditor(s) to the effect that they undo the act,
which they are forced to abstain from as a result of Clause 2.8 above within 10
(ten) consecutive days from such notice, and they shall answer for the losses
and damages caused to Net Servicos and/or NET Companies and/or the other
Creditors and/or the Collateral Agent, as applicable. If the default is not
remedied within such term, (i) in case the default is imputable to one or more
Creditors, the Creditor(s), who has(ve) caused such default will cease
immediately from being a party hereto, and the rights thereof arising from their
respective Debt Instrument(s) will no longer be part of the Secured Obligations,
and they will then cease to be able to benefit

<PAGE>

                                                                            -14-

from this Pledge. In the events above, said default will in no any way affect
the legal and contractual rights and prerogatives now conferred to the other
Creditors and/or the Collateral Agent.

2.10. - As soon as they become aware of the existence of any third party act,
which may lead to a threatened and/or actual lien on the Receivables ("THIRD
PARTY ACT"), Net Servicos and/or NET Company shall inform such Third Party Act
to the Collateral Agent, providing the latter with the information and documents
held thereby, and, regardless of any act by Net Servicos and/or NET Company, the
Creditors shall, acting exclusively through the Collateral Agent as established
in the Intercreditor Agreement, and using their preference rights, take all
applicable judicial and/or extra judicial measures in order to preserve and
maintain the integrity and full effect of the Pledge and/or to fully recompose
it, for all purposes of law and of this Agreement, so that the Pledge remains
always complete and in full force, and continuing, in all events of default with
respect to the Secured Obligations, thus enabling the Creditors to enforce the
Pledge as contemplated herein, exclusively through the Collateral Agent. Without
prejudice to the aforementioned, NET Company undertakes to promptly take all
judicial and extra judicial measures necessary to preserve the Pledge and for
full exercise of the contractual and legal rights now granted to Creditors.

2.11. If the Receivables are the subject matter of a restriction established in
judicial actions brought by third parties against NET Company and there is no
default with respect to the Secured Obligations, Creditors shall, acting
exclusively through the Collateral Agent, as contemplated in the Intercreditor
Agreement, use their preference rights in relation to any amounts limited by
third parties to raise the sums of such court deposits, which, except as
otherwise agreed in writing between Net Servicos and/or NET Company and the
Collateral Agent, shall be immediately deposited in the Centralizing Account so
that, according to Clause 2.1 above, the Centralizing Bank allows NET Company to
freely enjoy and dispose of the amounts deposited in the Centralizing Account,
with due regard for the restrictions

<PAGE>

                                                                            -15-

set out in the Debt Instruments.

2.11.1. - On the other hand, if the Receivables are the subject matter of a
restriction established in judicial actions brought by third parties against NET
Company and the Secured Obligations are in default, Creditors will be
responsible, acting exclusively through the Collateral Agent, as provided for in
the Intercreditor Agreement, to use the instrument of preference in relation to
any sums restricted by third parties to raise the amount of such court deposits,
which, except as otherwise expressly agreed in writing by NET Company and the
Collateral Agent, shall be immediately deposited in the Centralizing Account so
that the Centralizing Bank, pursuant to Clause 2.3 above, and in compliance with
the provisions of the Intercreditor Agreement and of this Agreement, can take
steps to retain the Daily Withholding Amount, releasing, on a daily basis, in
favor of NET Company an amount never lower than 70% (seventy percent) of the
funds existing in the Centralizing Account. If the Secured Obligations are in
default, and the Daily Withholding Amount to be earmarked to the Collateral
Agent as provided for in Clause 2.3 is in any way being affected by a Third
Party Act, it is hereby established, since the Parties agree that NET Company
cannot have more than the equivalent of 30% (thirty percent) of its committed
Receivables, that:

      (a) if the equivalent of 30% (thirty percent) or more of the Receivables
is committed by the Third Party Act, the Daily Withholding Amount shall not be
transferred by the Centralizing Bank to the Collateral Agent, and the full
amount existing in the Centralizing Account that is not committed by the Third
Party Act shall be immediately released in favor of NET Company; and

      (b) if the amount committed by the Third Party Act is lower than 30%
(thirty percent) of the Receivables, there shall be a restated transfer of the
Daily Withholding Amount by the Centralizing Bank to the Collateral Agent, so
that the difference between 30% (thirty percent) of the amount deposited in the
Centralizing Account and the amount

<PAGE>

                                                                            -16-

committed by the Third Party Act is passed on to the Collateral Agent, releasing
the balance in favor of NET Company.

2.11.2. - The attachment of any assets, properties or rights of NET Company
other than the Receivables, will not authorize the reduction of any of the
amounts that the Centralizing Bank will deliver to Creditors in the cases
contemplated herein.

2.11.3. - If the Collateral Agent and/or the Centralizing Bank fails to strictly
observe the provisions of Clauses 2.11, 2.11.1 and/or the other Clauses
contained in this Clause II, the noncompliance with which could result in the
undue withholding of amounts contained in the Centralizing Account or of amounts
that should have been remitted to the Centralizing Account, the Collateral Agent
will be subject to application of the applicable legal sanctions, in addition to
the obligation of reimbursing the amounts unduly withheld, properly added by the
CDI remuneration published by CETIP extra-group in the period equivalent to that
of the undue withholding.

2.12. - Without prejudice to other events of early maturity of the Secured
Obligations as established in the Debt Instruments or in the Intercreditor
Agreement, the Collateral Agent and any of the Creditors are expressly
prohibited to consider the early maturity of the Secured Obligations based on
Articles 333, II and III, 1425, I, IV and V of the Civil Code. Without prejudice
to the duty of the Centralizing Bank and the Collateral Agent, on its own behalf
and on behalf of Creditors, never to make any restrictions higher than the
equivalent of 30% (thirty percent) of the Receivables, the Collateral Agent may,
with due regard for the provisions of the Debt Instruments, the Intercreditor
Agreement and this Agreement, notably Clauses 1.4 and 1.4.1 above and Clause
11.5 below, consider the early maturity of the Secured Obligations if any of the
following events should occur: (i) if the obligations provided in Clauses 1.2 or
1.3 above are not complied with; (ii) if the obligations contemplated in
sections "a", "b", "c" or "d" of Clause 2.14 below are not complied with; (iii)
if the provisions of section "h" of Clause 4.1 below are not complied with; or
(iv) if

<PAGE>

                                                                            -17-

the obligations provided in Clause 11.2 below are not complied with.

2.13. - Any court costs, expenses and attorneys' fees arising from exercise of
the Creditors' preemptive right will be reimbursed upon submission of the
respective slips, whereas the attorneys' fees will only be reimbursed if (a)
they are within the market value charged by first class offices in the cities of
Sao Paulo and Rio de Janeiro and are compatible with the amount of the claim;
and (b) are duly evidenced and justified by appropriate documents, such as the
corresponding invoices or debit notes for services provided.

2.14. - In the judicial enforcement actions filed against the NET Company by
third parties, the NET Company shall make its best endeavors to enforce this
Pledge, undertaking: (a) not to indicate the Receivables for attachment; (b) to
refute in a timely manner, in all instances of jurisdiction, with all applicable
appeals, the possible attachment of the Receivables; (c) to submit, in a timely
manner, all appropriate defenses in the enforcement action; (d) not to hinder
the exercise of the preemptive right by the Creditors, but rather, to cooperate
with the Creditors for the actual exercise of such right; (e) to inform the
Collateral Agent of the existence of any enforcement or collection action filed
against NET Company, involving an amount equal to or greater than R$1,000,000.00
(one million reais), even if there is no attachment of Receivables, immediately
after becoming aware of the existence of the action in any way; (f) to send
reports, whenever requested, to the Collateral Agent for the benefit of
Creditors with more updated information on the status of the enforcement or
collection actions filed against NET Company involving an amount equal to or
greater than R$1,000,000.00 (one million reais); (g) to inform the Centralizing
Bank within 2 (two) business days, about any court deposit made by NET Company
in compliance with the judicial attachment of the Receivables, with
discrimination: (i) of the deposit amount; (ii) of the period to which the
deposit refers; and (iii) of the amount of the NET Company's total billing
during the deposit period, as well as the amount actually pledged pursuant
hereto in the same period. For application of this clause, "collection action"
means any procedural, administrative, judicial or arbitral means requesting that
the

<PAGE>

                                                                            -18-

NET Company be sentenced to settle any debt for an amount equal to or greater
than said amount.

2.15. - The Parties acknowledge that the Creditors are authorized, always acting
exclusively through the Collateral Agent, to require compliance with the Pledge
created hereunder together with any other guarantee granted to the Creditors,
including Additional Pledge Agreements, at the Creditors' sole discretion,
pursuant to the terms of this Agreement and the Intercreditor Agreement.

III.- RESTRICTIONS WITH RESPECT TO DISPOSAL OR ENCUMBRANCE OF THE SUBJECT
      MATTER OF THE PLEDGE

3.1. - Except for the events expressly permitted under the Debt Instruments, NET
Company and Net Servicos may not, during the effectiveness of the Pledge, either
directly or indirectly, transfer, assign, dispose of or in any other way create
any lien or encumbrance in relation to the Receivables, wholly or in part.

<PAGE>

                                                                            -19-

IV. - OBLIGATIONS OF NET SERVICOS AND NET COMPANY

4.1. - In addition to the other obligations contemplated in the Debt
Instruments, in the Intercreditor Agreement, in this Agreement or in prevailing
law, Net Servicos and/or NET Company, up to the Pledge Termination Date,
undertake:

      (a) to perform all acts necessary or advisable to effectuate, perfect and
maintain the Pledge created hereunder, and to keep all the authorizations
necessary for the execution and implementation of this Agreement always valid,
in perfect order and in full force;

      (b) to maintain the Pledge at all times existing, valid, effective, in
perfect order and in full force, without any restriction or condition, and, in
the cases stipulated in Clause II, to maintain the Receivables free and clear of
any liens or encumbrances, whether of a judicial or extrajudicial nature, in
compliance with the provisions hereof;

      (c) to fully comply with all the obligations contemplated herein;

      (d) to defend themselves timely and efficiently against any act, action,
procedure or proceeding that could in any way affect this Agreement or the
Pledge;

      (e) to maintain the Centralizing Bank as the agent in charge of
centralizing collection of payments made by the NET Company's subscribers and
not to modify or alter the Centralizing Account, in compliance with the
provisions of Clause V below;

      (f) according to the model set forth in "Schedule 1", to irrevocably and
irreversibly authorize, unless otherwise agreed in writing by the Collateral
Agent, on behalf of the Creditors, each institution that is part of the
Collection Network to direct all the payments related to Receivables to the
Centralizing Account;

<PAGE>

                                                                          -20-

      (g) to provide the Collateral Agent with a copy of the authorizations
mentioned in item (f) above, together with a declaration signed by 2 (two)
statutory Directors of NET Company attesting that said institutions represent
the entire Collection Network;

      (h) for purposes of Article 1453 of the Civil Code, within 30 (thirty)
consecutive days from this date, to notify each of the subscribers thereof from
the City ies of Sao Paulo and Santos about this Pledge, as well as to notify,
within 30 (thirty) consecutive days after the execution of the respective term
of adhesion, each new subscriber which after this date becomes one of the NET
Company's qualified subscribers. Such notice shall be given as follows:

      "According to the instrument registered in [ ] Registry of Deeds and
      Documents of the City of [ ], under No. [ ], the amounts payable to NET
      under this invoice are pledged in favor of certain creditors of Company.";
      and

      (i) to observe the Creditors' representation by the Collateral Agent, as
established in the Intercreditor Agreement and in this Agreement, since this is
a condition precedent for the legal business agreed herein, with the validity
and effectiveness of such representation being ratified for all purposes of this
Agreement.

V. - OBLIGATIONS OF THE CENTRALIZING BANK

5.1. - The Centralizing Bank hereby undertakes to comply with its obligations as
centralizing agent, pursuant hereto, until the Pledge Termination Date.

5.1.1. - Without prejudice to the provisions of Clause 5.1 above, as set forth
herein, the Collateral Agent, on its own behalf and on behalf of Creditors,
hereby agrees that Net Servicos may change the Centralizing Bank by giving a
prior simple notice to the

<PAGE>

                                                                            -21-

Collateral Agent, provided the Secured Obligations are not breached, and may
choose any bank organized according to the laws of Brazil (i) with an adjusted
shareholders' equity at least equivalent, in applicable Brazilian currency, to
R$ 100,000,000.00 (one hundred million Reais); (ii) that maintains, in relation
to its deposit certificates, an investment risk rating of at least "BBB-", when
appraised by Standard & Poor's, or "Baaa3", when appraised by Moody's or by
another rating agency renowned nationwide; or (iii) that is a branch or a
controlled company of a foreign bank with an investment risk rating of at least
"BBB-", when appraised by Standard & Poor's or "Baaa3", when appraised by
Moody's, in connection with its short-term obligations.

5.1.2. - Having chosen to substitute the Centralizing Bank, NET Company
undertakes, in relation to the new Centralizing Bank, to observe the provisions
hereof, especially with respect to the provisions of Clauses II and IV above, so
as to ensure that the Collection Network may transfer the payments relative to
the Receivables to the new Centralizing Bank to which the new Centralizing
Account will be bound. As a condition precedent for the replacement of the
Centralizing Bank, the new Centralizing Bank must also adhere unconditionally,
irrevocably and irreversibly to all the provisions hereof, assuming all the
obligations stipulated herein.

5.2. - Furthermore, if this Centralizing Bank has to be substituted, whether by
force of law or by any fact that prevents it from continuing to comply with its
obligations as provided for herein, the Collateral Agent shall substitute it,
subject to the applicable requirements set out in Clauses 5.1.1 and 5.1.2 above.
The majority of Creditors shall approve such substitution.

5.2.1. - To substitute the Centralizing Bank to which Clauses 5.1 and 5.2 above
refer, the following measures shall be taken:

      (a) the Collateral Agent shall be notified in details by Centralizing Bank
and
<PAGE>

                                                                            -22-

NET Company of the reasons that led to the need for the substitution, and the
Collateral Agent shall obtain Creditors' agreement pursuant to Clause 5.2 above.
In the event that the Centralizing Bank is to be substituted pursuant to Clause
5.1 above, the Creditors' approval will not be required;

      (b) an amendment to this Agreement shall be entered into, by which the new
Centralizing Bank will formally adhere to all terms and conditions hereof, and
will undertake to abide by all its provisions applying to the Centralizing Bank,
in an unconditional, irrevocable and irreversible manner; and

      (c) whenever it is necessary to substitute the Centralizing Bank
exclusively due to a reason arising from the NET Company's default on its
obligations established herein, NET Company shall bear all the costs related to
this substitution, including, without limitation, the necessary registration and
filing costs.

5.3. - In addition to the other obligations contemplated herein, the
Centralizing Bank undertakes:

      (a) to accept and comply with all the instructions it has received from
the Collateral Agent according to the provisions hereof and of the Intercreditor
Agreement, with respect to withholding, blocking and the form of investment of
the funds available in the Centralizing Account for payment of the Secured
Obligations;

      (b) not to waive or transfer to third parties the duty it now performs as
centralizing agent for actual receipt of the Receivables, without the prior
written authorization by the Collateral Agent and Net Servicos, in compliance
with the provisions of Clauses 5.1.1 and 5.2 above;

<PAGE>

                                                                            -23-

      (c) to comply with orders to change or alter the Centralizing Account only
upon the prior written authorization of the Collateral Agent and Net Servicos,
jointly;

      (d) to provide Net Servicos and Collateral Agent, up to the 10th (tenth)
day of the subsequent month, with a copy of the complete statement for the
Centralizing Account, relative to the operations made in the previous month;

      (e) to provide monthly to NET Company and to Collateral Agent a written
report informing the current value of the total daily receipts arising from the
Receivables, up to the 10th (tenth) day of the month subsequent to the month
due;

      (f) to provide to the Collateral Agent, in the periodicity requested by
it, the amount of the funds that may be requested for enforcement of the Pledge;
and

      (g) to arrange for the NET Company and/or Net Servicos not to face any
difficulty in obtaining the signature of the Centralizing Bank's legal
representatives on the amendments hereto, whenever necessary.

5.4. - In the event the Centralizing Bank fails to comply with any of the
obligations assumed hereunder, and if such noncompliance is not remedied within
48 (forty-eight) hours from the event, the Centralizing Bank shall be required
to indemnify the Creditors and/or the Collateral Agent and/or Net Servicos
and/or NET Company, as the case may be, for any losses and damages arising from
this default.

VI. -  OBLIGATIONS OF THE COLLATERAL AGENT

6.1. - In addition to the other obligations set out herein and in the
Intercreditor Agreement, the Collateral Agent undertakes:

<PAGE>

                                                                            -24-

      (a) to take all the steps necessary or advisable so that the guarantee
created hereunder is always fully valid and enforceable;

      (b) to manage the funds arising from the possible enforcement of the
guarantee now provided in favor of Creditors, pursuant to the Intercreditor
Agreement and this Agreement;

      (c) to promptly notify Net Servicos and Creditors with respect to any
action by them relative to the transfer of funds from the Centralizing Account
for payment of the Secured Obligations;

      (d) to respect and ensure that any and all measures to be taken, for all
effects and purposes hereof, especially for enforcement of the Pledge, may only
be irreplaceably effected by Collateral Agent, provided that the terms and
conditions of the Intercreditor Agreement and of this Agreement have been
complied with;

      (e) to provide the corresponding Creditor with copies of any additional
documents prepared pursuant to the terms hereof, which may be reasonably
requested by Creditor, including any updating of the schedules hereof and any
evidence of its registration as established herein, except for the documents
mentioned in Clauses 1.3 and 5.3 (d) above, as well as excluding any other
document which may imply financial and/or privileged and/or confidential
information on NET Company and/or Net Servicos and/or any of the other
Creditors, subject to the provisions of the Intercreditor Agreement;

      (f) to verify with Net Servicos if the filings and registrations
contemplated herein have been duly effected, within the timeframes determined
herein;

      (g) to take, on behalf of the Creditors, the steps necessary to protect
the

<PAGE>

                                                                            -25-

preemptive right over Receivables, as soon as it becomes aware of the existence
of any third party act that may result in a threatened or actual lien on the
Receivables, pursuant to this Agreement; and

      (h) to arrange for NET Company and/or Net Servicos not to encounter any
difficulty in obtaining the signature of the Collateral Agent's legal
representatives on the amendments hereto, whenever necessary.

6.2. - In the event of failure by the Collateral Agent to comply with any of the
obligations assumed hereunder, and if this noncompliance is not remedied within
48 (forty-eight) hours from the event, the Collateral Agent will be obliged to
indemnify the Creditors and/or Net Servicos and/or NET Company, as the case may
be, for any losses and damages arising from this default.

VII. - REPRESENTATIONS AND WARRANTIES OF NET SERVICOS AND NET COMPANY

7.1. - Net Servicos, on its own behalf and on behalf of NET Company, and Net
Company represent and warrant, on this date, under penalty of the law, that:

      (a) NET Company and Net Servicos are companies duly organized and existing
pursuant to the laws of Brazil, and are free to manage their assets;

      (b) the necessary authorizations for NET Company and Net Servicos to enter
into this Agreement and to assume and comply with all the obligations provided
herein have been obtained, and are valid, effective and in full force;

<PAGE>

                                                                            -26-

      (c) NET Company and Net Servicos are authorized, according to the terms of
their respective Bylaws and of the applicable legislation, as well as by the
respective public administration bodies to grant the guarantee contemplated in
this Agreement as well as to comply with the obligations contained in this
Agreement;

      (d) the persons that represent NET Company and Net Servicos in this
Agreement are duly authorized for such purpose;

      (e) there is no administrative, arbitral or fiscal judicial or
extrajudicial action or procedure, in an amount equal to or exceeding R$
1,000,000.00 (one million Reais), which may, in any way, prejudice or invalidate
this Pledge or the obligations assumed herein, except for the actions or
procedures, liens, encumbrances and restrictions mentioned in "Schedule 8"
hereto;

      (f) to the best of their knowledge, no judicial action, or extrajudicial,
administrative or arbitral procedure, irrespective of the plaintiff, seeking to
cancel, alter, invalidate, question or otherwise affect the Pledge and/or the
obligations assumed herein, is threatened to be filed or commenced, except for
any actions or procedures that may be filed by holders of a Debt Not Included,
as defined in the Intercreditor Agreement;

      (g) the Receivables are free and clear of any judicial or extrajudicial
liens, and are not subject to any restriction with respect to their disposal or
transfer, except the liens, encumbrances and restrictions described in "Schedule
8".

      (h) the terms and conditions hereof and the assumption and compliance with
all obligations set out herein (i) do not imply the default by NET Company
and/or Net Servicos on any agreement, document or instrument to which NET
Company and/or Net Servicos are parties or to which any of their assets and
properties are bound, which entails or may reasonably entail a payment
obligation on the part of Net Servicos or NET

<PAGE>
                                                                         -27-

Company, in an amount exceeding R$ 30,000,000.00 (thirty million Reais), except
for the contractual instruments of the holders of the Debt Not Included, as
defined in the Intercreditor Agreement; (ii) do not violate any law, decree or
regulation to which NET Company and/or Net Servicos are subject; (iii) do not
violate any pending order, decision, administrative, arbitral or court sentence
against NET Company and/or Net Servicos (except for the Unibanco Action, as
defined in the Intercreditors Agreement), which individually entails or may
reasonably entail a payment obligation on the part of Net Servicos or NET
Company in an amount exceeding R$ 30,000,000.00 (thirty million Reais); and (iv)
do not violate the bylaws and articles of association of NET Company and/or Net
Servicos;

      (i) the obligations assumed herein are valid and enforceable obligations
pursuant to their terms and conditions;

      (j) the Receivables listed in "Schedule 5" hereof represent, as of [   ]
2005, 100% (one hundred percent) of the Receivables;

      (k) the Collection Network is duly instructed by NET Company and by Net
Servicos to automatically transfer the funds deriving from the Receivables to
the Centralizing Account; and

      (l) all the powers of attorney granted by the NET Companies pursuant
hereto are granted irrevocably and irreversibly pursuant to the terms of Article
684 of the Civil Code.

7.2. - NET Company and Net Servicos are jointly and severally responsible for
any losses and damages arising from the untruthfulness or inaccuracy of these
representations, within the timeframes established by the prevailing
legislation.

<PAGE>

                                                                            -28-

VIII. - REPRESENTATIONS OF THE CENTRALIZING BANK AND THE COLLATERAL AGENT

8.1. - The Centralizing Bank and the Collateral Agent individually represent and
warrant, under the penalties of the law, that each:

      (a) is a company duly organized and validly existing pursuant to the laws
of Brazil, and are free to manage its assets;

      (b) all authorizations necessary for the execution hereof and for the
assumption and performance of all its obligations contemplated herein have been
obtained, are currently valid, effective and in full force, and have not been
changed in any way;

      (c) is authorized, pursuant to its Bylaws and the applicable legislation,
as well as by the respective public administration agencies to comply with the
obligations contained herein;

      (d) the persons that represent it in the execution hereof are duly
authorized for such purpose;

      (e) the terms and conditions hereof and the assumption and compliance with
all the obligations contemplated herein (i) do not imply default with respect to
its share in any agreement, document or instrument to which it is party or to
which its assets and properties are bound; (ii) do not violate any law, decree
or regulation to which it is subject; (iii) do not violate any order, decision,
administrative or judicial sentence pending against it; and (iv) do not violate
its Bylaws;

      (f) the obligations assumed in this Agreement are valid and enforceable

<PAGE>

                                                                            -29-

obligations pursuant to its terms;

      (g) it is aware of all the terms and conditions of the Intercreditor
Agreement and instruments that substantiate the Secured Obligations; and

      (h) it is aware that any and all measures to be taken, for all effects and
purposes hereof, especially for enforcement of the Pledge, may only be effected
irreplaceably by the Collateral Agent, in compliance with the terms and
conditions of the Intercreditor Agreement and of this Agreement.

8.2. - Centralizing Bank and Collateral Agent are responsible for any losses and
damages arising from the untruthfulness or imprecision of their declarations,
within the terms established by the pertinent legislation.

IX. - NOTICES

9.1. - Any and all notices to be exchanged by the Parties with respect to any
matter related hereto shall be made in writing and sent to the addresses
indicated below:

(a) if to NET Company and/or Net Servicos:

      NET SERVICOS DE COMUNICACAO S.A.
      Attn: Mr. Andre Muller Borges and/or Mr. Leonardo Porciuncula. Gomes
      Pereira
      Telephone #:   (55-11) 5186-2606
      Fax:           (55-11) 5186-2780
      Address:       Rua Verbo, n(degrees)1356, Chacara Santo Antonio,
                     Sao Paulo - SP Brasil, CEP 04719-002

<PAGE>

                                                                            -30-

(b) if to Creditors, at the addresses, telephone and fax numbers mentioned in
each of the Debt Instruments, or preferably at the addresses, telephone and fax
number of the Collateral Agent, as mentioned in item (c) below;

(c)   if to the Collateral Agent:

      BANCO ITAU S.A.
      Diretoria de Servicos para o Mercado de Capitais
      Endereco: Av. Engenheiro Armando de Arruda Pereira, 707 - 9(a)andar -
      Jabaquara
      CEP: 04344-902 -  Sao Paulo - S.P.
      At.: Sr. Antonio Carlos Rodrigues
      Tel: (55 11) 5029-1527
      Fax: (55 11) 5029-1535
      e-mail: antonio-carlos.rodrigues@itau.com.br

(d)   if to the Centralizing Bank:

      BANCO ITAU S.A.
      Diretoria de Servicos para o Mercado de Capitais
      Endereco: Av. Engenheiro Armando de Arruda Pereira, 707 - 9(a)andar -
      Jabaquara
      CEP: 04344-902 -  Sao Paulo - S.P.
      At.: Sr. Antonio Carlos Rodrigues
      Tel: (55 11) 5029-1527
      Fax: (55 11) 5029-1535
      e-mail: antonio-carlos.rodrigues@itau.com.br

9.2. - The notices will be deemed delivered on the date they are received, when
sent by registered letter or "return receipt requested", issued by the Brazilian
mail service (Empresa Brasileira de Correios e Telegrafos), and when delivered
at the addresses above.

<PAGE>

                                                                            -31-

The notices, however, will be deemed delivered on the immediately succeeding
business day, when sent by fax or email, provided that the originals of the
documents thus transmitted are forwarded to the addresses above by the means
indicated above, up to the second business day immediately following their
transmission.

9.3. - Any change of address and other data to be observed for purposes of the
notices above will only be effective 10 (ten) business days after communication
thereof to Net Servicos and to Collateral Agent.

X - INCLUSION OF OTHER CREDITORS

10.1. - Other creditors that may adhere to this Agreement pursuant to the Debt
Instruments and the Intercreditor Agreement (the "JOINING CREDITORS") will be
admitted as part hereof, and will enjoy the same rights and obligations, and be
able thus to share in the Pledge with the other Creditors listed in "Schedule 2"
hereof. The Joining Creditors will accept the terms hereof by adhering to the
Intercreditor Agreement, according to the terms and conditions contemplated in
it and by means of the execution of the competent Term of Adhesion, according to
"Schedule 9" ("TERM OF ADHESION"). The Term of Adhesion duly signed by the
Joining Creditor will become an integral part hereof.

10.2. - The Term of Adhesion shall substantiate a binding document signed by the
Joining Creditor's legal representatives, where (i) its request for such credit
to be inserted as Pledge beneficiary shall be set forth, and (ii) its
unconditional acceptance of all the terms and conditions of this Agreement and
of the Intercreditor Agreement shall be evidenced, especially with respect to
its representation by means of the Collateral Agent.

10.2.1.- The Joining Creditors, upon signing of the Term of Adhesion, will start
to enjoy the same rights and have the same obligations set out herein and in the
Intercreditor Agreement, pari passu with respect to the other Creditors, without
any exception and/or

<PAGE>

                                                                            -32-

limitation.

10.3. - For the Term of Adhesion to be effective, the Joining Creditor shall
register it at the Registry of Deeds and Documents of the City of Rio de Janeiro
and, within at most 5 (five) business days after the date of said registration,
it shall send certified copies evidencing such registration to Collateral Agent
and NET Company.

10.4. - Any vice which may be imputed to the Term of Adhesion will not affect or
impair any of the provisions contemplated herein, which will always remain valid
and effective for all effects and purposes.

XI. - REGISTRATIONS AND PENALTIES

11.1.- NET Company shall, within at most 7 (seven) business days of receipt of
the original counterparts hereof duly signed by the Parties, file this Agreement
for registration at the Registry of Deeds and Documents of the City of Rio de
Janeiro, and, within a maximum period of 20 (twenty) consecutive days of the
date of such filing, it shall send certified copies evidencing such registration
to the Collateral Agent and the Centralizing Bank, with due regard always for
the provisions in Clause 11.4 below.

11.2. - With respect to the amendments to this Agreement referred to in Clause
1.2.1, NET Company shall, every 15th (fifteenth) day of the month immediately
succeeding the civil quarter ended, if it is a business day, or on the first
succeeding business day, deliver to the Collateral Agent, in compliance with the
provisions of Clauses 6.1 "h" and 9.2 above, all the counterparts of the
respective amendment, duly signed by the legal representatives of NET Company
and Net Servicos, with the respective signature certification, so that the
Collateral Agent, on its own behalf and on behalf of Creditors, signs the
counterparts of such amendment, certifies the competent signatures and returns
such counterparts to NET Company, at the address mentioned in Clause 9.1 "a"
above, keeping only one of the

<PAGE>

                                                                            -33-

counterparts. Within 7 (seven) business days of receipt of the original
counterparts of the amendment to the Agreement, duly signed by the Collateral
Agent, NET Company shall file the respective amendment at the Registry of Deeds
and Documents, where this Agreement is registered, and within 20 (twenty)
consecutive days after the date of said filing, it shall send certified copies
evidencing such registration to Collateral Agent, except in the case of the
provisions of Clause 11.4 below.

11.2.1. In any other event of amendment to this Agreement, with due regard for
the provisions of Clause 10.3, the NET companies shall, within 7 (seven)
business days of receipt of the original counterparts to the amendment hereto
duly signed by the Parties, file the respective amendment for registration at
the Registry of Deeds and Documents where this Agreement is registered, and
within 20 (twenty) consecutive days of the date of such filing, it shall send
certified copies evidencing such registration to Collateral Agent, with due
regard for the provisions of Clause 11.4 below.

11.3.- Notwithstanding any other penalty imposed by the applicable legislation,
by this Agreement, by Clause 11.5 below, by the Debt Instruments and/or by the
Intercreditor Agreement, noncompliance by NET Company with any of the timeframes
established under Clause 11.2 above, for any reason whatsoever, will result in a
fine in favor of the Creditors, to be distributed pro rata, in proportion to
their respective Secured Obligations, for R$ 100,000.00 (one hundred thousand
reais) per day or fraction of a day of delay.

11.3.1.- The amount of the fine contemplated above will be adjusted yearly or at
a shorter period, if this is not prohibited or is permitted by the applicable
legislation, as from this date, including according to the variation in the
General Market Price Index (IGP-M), or in the absence thereof for any reason, by
the General Price Index - Internal Availability, both published by Fundacao
Getulio Vargas.

11.4.- Delay in complying with the terms established herein , whether arising
from an act

<PAGE>

                                                                            -34-

of God or force majeure, as for example, strikes, delays, failures and omissions
by the Registry of Deeds and Documents, not imputable to the NET Company, Net
Servicos and/or their controlled companies, will not characterize contractual
noncompliance nor will lead to the application of the fine mentioned in Clause
11.3. In this case, the agreed timeframes will be suspended at the date of
beginning of the act of God or force majeure until the date of its cessation,
and NET Company must, as from the first business day immediately succeeding the
cessation of the event of act of God or force majeure, take all the steps
necessary for the registration thus impaired to be made, calculating the period
for compliance with the obligations as from such date of cessation of the act of
God or force majeure.

11.5. - Upon expiration of the terms established in Clauses 1.4, 1.4.1, 11.2 and
11.4, and in compliance with the provisions in Clauses 2.12 and 12.9, in the
Intercreditor Agreement and in the Debt Instruments, Creditors may declare the
early maturity of the Secured Obligations. After declaration of the early
maturity of the Secured Obligations, the penalties contemplated in Clause 11.3
above will cease to be applicable, without prejudice to the penalties imposed by
the applicable legislation and the Debt Instruments.

11.6. - Without prejudice to the obligations hereby assumed by NET Company with
respect to such measures, as well as the penalties arising from noncompliance
therewith, the Collateral Agent may, at its sole discretion, upon notice to NET
Servicos, carry out the public registrations referred to in Clauses 11.1, 11.2
and 11.2.1.

11.6.1. Without prejudice to the other powers granted by Net Servicos and/or NET
Company to the Collateral Agent and/or Creditors, Net Servicos and NET Company,
through a power of attorney according to the model set forth in "Schedule 7",
grant to the Collateral Agent, in the capacity of representative of the
Creditors, on an irrevocable and irreversible basis, and as condition for the
business, according to Article 684 of the Civil Code, certain powers for the
Collateral Agent to represent NET Companies before any and

<PAGE>

                                                                            -35-

all Registries of Deeds and Documents, being able to sign any and all documents,
perform any and all acts necessary, specifically and exclusively for execution
of the registrations contemplated in Clauses 11.1, 11.2 and 11.2.1.

11.7. - It is hereby certain and agreed that, on the Pledge Termination Date,
NET Company shall, on its own account and risk, take the steps necessary to
cancel the Pledge's registration, Collateral Agent undertaking to promptly
provide the necessary cooperation to that end, as well as to supply the term of
release with respect to the Secured Obligations, and any relevant information
and documents reasonably requested by Net Servicos and/or NET Company. It is
certain, however, that said cancellation will depend, in any case, on the full
satisfaction of the Secured Obligations and, in this event, according to
Articles 319 and 1436 of the Civil Code, as well as according to Article 250 of
the Law of Public Registrations (Lei de Registros Publicos), whereupon NET
Company, Net Servicos and/or their controlled companies will be authorized to
use all the existing administrative and/or judicial mechanisms, without any
limitation, to release the Pledge and cancel its registration.

XII. - MISCELLANEOUS

12.1. - The Parties, bound for themselves, their successors and assignees of any
kind, agree that all the terms, conditions, covenants, powers of attorney and
commitments assumed herein are made on an irrevocable and irreversible basis.

12.2. - Any change to the terms and conditions hereof will only be considered
valid if formalized in a proper written instrument, signed by all the Parties,
except in the specific cases determined in this Agreement and its schedules,
always in compliance with the provisions of the Intercreditor Agreement, it
being certain, however, that the Collateral Agent shall represent Creditors
exclusively and with ample powers for such, in the

<PAGE>

                                                                            -36-

performance of any amendment hereto, pursuant to the terms and conditions of the
Intercreditor Agreement.

12.3. - The Creditors, in compliance with the provisions of the Intercreditor
Agreement, and acting exclusively through the Collateral Agent for purpose of
taking the applicable measures, may, at their sole discretion, require the
specific execution of the obligations assumed herein by the Parties, pursuant to
the terms of Articles 461, 621 and 632 to 645 of the Brazilian Civil Procedural
Code, as well as the enforcement of the guarantee granted herein.

12.3.1.- Without prejudice to the other rights granted to the Collateral Agent
in the capacity of collateral agent of Creditors, Collateral Agent is hereby
irrevocably and irreversibly authorized to effect all withholdings and transfers
contemplated herein for purposes of Article 1455, sole paragraph of the Civil
Code.

12.4. - NET Company and Net Servicos hereby agree, as a condition hereof, to
take any and all complementary steps and to produce any and all documents
necessary for the formalization of the Pledge, and for the validity and
effectiveness of this Agreement.

12.5. - Any and all costs or expenses that are provenly incurred by the
Collateral Agent in the performance of the obligations or exercise of the rights
contemplated herein or in the applicable legislation, including court costs and
expenses incurred with registrations, annotations or enforcement of the
guarantee contracted herein, as well as resulting from the proceedings,
procedures and/or other judicial or extrajudicial measures necessary for the
safekeeping of the rights and prerogatives contemplated herein, including costs,
fees, court costs, expenses, emoluments, attorneys' and experts' fees or any
other charges related to such procedures, proceedings or measures, provided they
have been evidenced, and are reasonable and justifiable for the purposes hereof,
shall be the responsibility of Net Servicos and/or NET Company, and must be
reimbursed within 10 (ten) business days

<PAGE>

                                                                            -37-

counted from the date of receipt of a notice to this effect to be sent to Net
Servicos and/or NET Company, at the discretion of the Collateral Agent.
Reimbursement of the court costs and attorneys' fees dealt with by the clauses
hereof will be made pursuant to the provisions of Clause 2.13.

12.6. - The invalidation or cancellation, wholly or in part, of any of the
clauses hereof will not affect the other clauses, which shall remain always
valid and effective until compliance by the Parties with all their obligations
provided herein. If any clause hereof is declared null and void, the Parties
hereby undertake to negotiate, within the shortest period possible, in
substitution of the clause declared null and void, the inclusion herein of valid
terms and conditions that reflect the terms and conditions of the clause
rendered null and void, according to the intention and purpose of the Parties at
the time of negotiation of the clause null and void and its context.

12.7. - Subject to Clause II hereof, for purposes of Article 1460 of the Civil
Code, the Creditors hereby irrevocably and irreversibly authorize Net Servicos,
its controlled companies and NET Company, in compliance with the terms hereof,
to receive payment for the Receivables and release them.

12.8. - Waiver by any of the Parties, with respect to the exercise of any of the
rights attributed pursuant to the terms hereof or of the applicable legislation
will be effective only if manifested in writing. No tolerance, delay or
indulgence by any of the Parties in ensuring compliance with any provision
hereof shall prejudice or restrict the rights of such party, nor shall it
prevent such party from exercising such rights or other rights when it deems
appropriate, regardless of any previous communications or notices.

12.9. - For all legal purposes, it is hereby established that the only events of
early maturity, in addition to those expressly contemplated in this Agreement,
the Debt Instruments and the Intercreditor Agreement are those set forth in
items II and III of Article

<PAGE>

                                                                            -38-

1425 of the Civil Code.

12.10. - The confidentiality commitment set out in Clause 10.14 of the
Intercreditor Agreement shall apply to this Agreement.

12.11. - Without prejudice to the joint and several liability between NET
Companies and Net Servicos established in the Intercreditor Agreement, the Debt
Instruments and the Additional Pledge Agreements, NET Company and Net Servicos
hereby and in the best form of law irrevocably and irreversibly, and for the
purposes contemplated in Article 265 of the Civil Code, declare hereunder to be
joint and several debtors and principal payers exclusively with respect to the
obligations contemplated in Clauses 2.13, 7.2, 11.1 to 11.7 and 12.5 hereof.

12.12. - The Parties elect the courts in the Judicial District of Sao Paulo,
State of Sao Paulo, to settle any doubts or disputes arising out of this
Agreement, to the exclusion of any other courts, however privileged they may be.

IN WITNESS WHEREOF, the Parties - binding themselves and their successors - sign
this Agreement in 4 (four) counterparts of equal tenor and form, to one sole
effect, in the presence of 2 (two) undersigned witnesses.

                                    Sao Paulo, [   ] 2005

                                    FOR CREDITORS

                           By       ____________________________________________
                                    BANCO ITAU S.A.
                                    Name:
                                    Title:

<PAGE>

                                                                            -39-

                                    COLLATERAL AGENT AND CENTRALIZING BANK

                                    ____________________________________________
                                    BANCO ITAU S.A.
                                    Name:
                                    Title:

                                    NET COMPANY

                                    ____________________________________________
                                    NET SAO PAULO LTDA.
                                    Name:
                                    Title:

                                    NET SERVICOS

                                    ____________________________________________
                                    NET SERVICOS DE COMUNICACAO S.A.
                                    Name:
                                    Title:

Witnesses:

1.   -   ____________________________

         Name:

<PAGE>

                                                                            -40-

         Identity Card - RG:

2.   -   ____________________________

         Name:
         Identity Card - RG:

<PAGE>

                                                              SCHEDULE 1 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

        MODEL OF THE INSTRUCTION TO THE COLLECTION NETWORK'S INSTITUTIONS

"Sao Paulo,        , 2005

To
Bank [Collector]

[ ]

Re.: Instruction for daily transfer of sums - Current Account No. [ ], Branch
No. [ ]

Dear Sirs,

We take this opportunity to ask you that, as of this date, you arrange for the
daily and automatic transfer of 100% (one hundred percent) of the cash available
at the referenced current account, held by [ ], to Current Account No. [ ],
Branch No. [ ], of Banco Itau S.A., also held thereby, regardless of any other
formality, until subsequent written request otherwise by the holder.

Very truly yours,

<PAGE>

                                                                            -42-

Net"

<PAGE>

                                                                            -43-

                                                              SCHEDULE 2 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                                LIST OF CREDITORS

(1) PLANNER CORRETORA DE VALORES S.A., a joint-stock company with its
headquarters in the City of Sao Paulo, State of Sao Paulo, at Avenida Paulista,
2.439, 11th floor, enrolled in the National Register of Legal Entities
(C.N.P.J.) under n(0). 00.806.535/0001-54, , representing, as fiduciary agent
and proxy of the Securities of the Forth Public Issue of Debentures, Not
Convertible Into Shares, with Collateral Guarantee and Suretyship, of Net
Servicos de Comunicacao S.A., in this act represented jointly by the owners of
the Debentures by Banco Itau S.A., as Collateral Agent;.

(2) THE BANK OF NEW YORK, a financial institution with its headquarters in New
York, at Braclay Street, 101, New York, NY, 10286, as Trustee of owners of the
Net Sul Notes (according to the Creditors Agreement) in this act represented
jointly by the owners of Net Sul Notes and by Banco Itau S.A., as Collateral
Agent;

(3) THE BANK OF NEW YORK, a financial institution with its headquarters in New
York, at Braclay Street, 101, New York, NY, 10286, as Trustee of the owners of
the Company Notes, (according to the Creditors Agreement) in this act
represented jointly by the owners of the Company Notes and by Banco Itau S.A.,
as Collateral Agent;

(4) BANCO DO BRASIL S.A., a financial institution duly organized and existing
according to the laws of Brazil, with its heaquarters in [ ], represented by
Banco Itau S.A., as Collateral Agent;

(5) BANCO ITAU BBA S.A., a financial institution duly organized and existing
according to the laws of Federative Republic of Brazil, with its heaquarters in
the city of Sao Paulo, in Sao Paulo State, at Praca Alfredo Egydio de Souza
Aranha, 100 - Torre Conceicao - 9th floor, enrolled in the National Register of
Legal Entities (C.N.P.J./MF) under n(0)17.298.092/0001-30, represented by Banco
Itau S.A., as Collateral Agent;
<PAGE>
(6) BANKBOSTON BANCO MULTIPLO S.A., a financial institution duly organized and
existing according to the laws of Federative Republic of Brazil, with its
heaquarters in [ ], represented by Banco Itau S.A., as Collateral Agent;

(7) BANCO BRASCAN S.A., a financial institution duly organized and existing
according to the laws of Federative Republic of Brazil, with its heaquarters in
the city of Rio de Janeiro, at Avenida Almirante Barroso, 52 30th floor,
enrolled in the National Register of Legal Entities (C.N.P.J./MF) under
n(0)33.923.111/0001-29, represented by Banco Itau S.A., as Collateral Agent;

(8) UNIBANCO - UNIAO DE BANCOS BRASILEIROS S.A., a financial institution duly
organized and existing according to the laws of Federative Republic of Brazil,
with its heaquarters in the city and State of Sao Paulo, at Avenida Eusebio
Matoso, 891, enrolled in the National Register of Legal Entities (C.N.P.J./MF)
under n(0)33.700.394/0001-40, represented by Banco Itau S.A., as Collateral
Agent;

(9) BANCO DO ESTADO DO RIO GRANDE DO SUL S.A., a financial institution duly
organized and existing according to the laws of Brazil, with its heaquarters in
[ ], represented by Banco Itau S.A., as Collateral Agent;

(10) MARATHON FUND, L.P., a financial institution duly organized and existing
according to the laws of [ ], with its heaquarters in [ ], represented by Banco
Itau S.A., as Collateral Agent;

(11) BANCO UNICO S.A., new corporate name of Banco BNL do Brasil S.A., a
financial institution duly organized and existing according to the laws of
Federative Republic of Brazil, with its heaquarters in the city and State of Sao
Paulo, at Av. Paulista, 1.963, enrolled in the National Register of Legal
Entities (C.N.P.J./MF) under n(0)00.086.413/0001-30, represented by Banco Itau
S.A., as Collateral Agent;
<PAGE>
      (12) BANCO DE CREDITO NACIONAL S.A., a financial institution duly
organized and existing according to the laws of Brazil, with its heaquarters in
[ ], represented by Banco Itau S.A., as Collateral Agent;
<PAGE>

                                                                            -44-

                                                              SCHEDULE 3 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                                DEBT INSTRUMENTS

(1)   INDENTURE FOR THE FOURTH PUBLIC ISSUE OF DEBENTURES NOT CONVERTIBLE INTO
      SHARES WITH COLLATERAL GUARANTEE AND SURETYSHIP, BY NET SERVICOS DE
      COMUNICACAO S.A. dated as of [..../..../....] with Planner Corretora de
      Valores S.A. (Trustee), in the amount of [.....];

(2)   SECURITY INDENTURE FOR NET SUL COMUNICACOES LTDA., dated as of
      [..../..../....] and entered by The Bank of New York (Trustee), RELATIVE
      TO US$[ ] 7.0% SENIOR SECURED NOTES DUE 2009 AND THE U.S.$[ ] SENIOR
      SECURED FLOATING RATE NOTES DUE 2009 dated as of [..../..../....] and
      connected instruments, as such: PRIVATE INSTRUMENT OF DEBT CONFESSION,
      dated as of [..../..../....] with [Marathon Fund, L.P.] in the amount of
      [....], PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [UBS], in the amount of [....], PRIVATE INSTRUMENT
      OF DEBT Confession, dated as of [..../..../....] with [JP Morgan] in the
      amount of [....] and PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [Banco do Espirito Santo - BES] in the amount of
      [....], PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [Cargill] in the amount of [....], PRIVATE
      INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with [Banco do
      Brasil] in the amount of [....], PRIVATE INSTRUMENT OF DEBT CONFESSION,
      dated as of [..../..../....] with [Moneda] in the amount of [....];

(3)   SECURITY INDENTURE FOR NET SERVICOS DE COMUNICACAO S.A., dated as of
      [..../..../....] and entered by The Bank of New York (Trustee), RELATIVE
      TO US$76,593,068 7.0% SENIOR SECURED NOTES DUE 2009;

(4)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco do Brasil S.A. in the amount of [....] and corresponding to the
      Common Terms Agreement;

(5)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco do Brasil S.A. in the amount of [....] and corresponding to the
      Common Terms Agreement;

(6)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      do Itau BBA S.A. in the amount of R$ 61,144,097.23 and corresponding to
      the Common Terms Agreement;

(7)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      Itau BBA S.A. in the amount of R$ 4,509,403.14 and corresponding to the
      Common Terms Agreement;

(8)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      Itau BBA S.A. in the amount of R$ 4,039,613.40 and corresponding to the
      Common Terms Agreement;

(9)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(10)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(11)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(12)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 27/12/2004 with Banco
      Brascan S.A. in the amount of R$ 19,270,986.76 and corresponding to the
      Common Terms Agreement;

(13)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with
      Unibanco - Uniao de Bancos Brasileiros in the amount of R$ 103,988,711.06
      and corresponding to the Common Terms Agreement;

(14)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with
      Unibanco - Uniao de Bancos Brasileiros in the amount of R$ 368,951.88 and
      corresponding to the Common Terms Agreement;

(15)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with Banco
      Unico S.A. in the amount of R$ 20,541,104.80 and corresponding to the
      Common Terms Agreement;

(16)  Private Instrument of Debt Confession, dated as of [..../..../....] with
      Marathon Fund, L.P. in the amount of R$ [..........] and corresponding to
      the Common Terms Agreement;

(17)  Private Instrument of Debt Confession, dated as of [..../..../....] with
      Banco de Credito Nacional S.A. in the amount of R$ [..........] and
      corresponding to the Common Terms Agreement;
<PAGE>

                                                              SCHEDULE 4 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                       COPY OF THE INTERCREDITOR AGREEMENT

<PAGE>

                                                              SCHEDULE 5 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                           LIST OF RECEIVABLES PLEDGED

<PAGE>

                                                              SCHEDULE 6 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                   CHARACTERISTICS OF THE SECURED OBLIGATIONS

      The estimated value for the Secured Obligations on the date hereof is
US$[      ] and R$[      ], which shall be increased by quarterly remuneratory
interest at the following maximum rates, as defined on the respective Debt
Instruments:

      - For debts in Brazilian Reais - CDI plus spread of 2% (two percent) per
        year between June 30th, 2004 and December 14th, 2005, and CDI plus
        spread of 3% (three percent) per year from December 15th, 2005
        (including) until the final payment of such amount, and

      - For debts in American Dollars - fixed rate of 7% (c) quarterly LIBOR
        plus spread of 3% (three percent) per year.

      The amortization of the outstanding principal amount of the Debt
Instrument shall be as following: (i) 40% at the first 5 (five) days following
the effectiveness of the Debt Instruments and the remaining 60% shall be
amortized quarterly from 2006 until, at the most, 2010, starting on March 15th,
2006; or (ii) 100% (one hundred percent) shall be amortized quarterly from 2006
until, at the most, 2010, starting on March 15th, 2006, according to the terms
and conditions at the Debt Instruments.
<PAGE>

                                                              SCHEDULE 7 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                            COPY OF POWER OF ATTORNEY

               [MODEL - NET SHALL INCLUDE THE ORIGINAL AT CLOSING]

[May all those to whom this IRREVOCABLE PUBLIC POWER OF ATTORNEY shall come
that, on [   ], 2005, in this Capital of the State of Sao Paulo, there came
before me, notary public, [   ], hereinafter referred to as "Principals".
Principals declared that: (1) on the date hereof, they signed with certain
creditors, hereinafter referred to jointly as "Creditors", represented by [   ],
as collateral agent, hereinafter referred to as "Collateral Agent", a private
instrument named "Receivables Pledge Agreement with an Enforcement Clause",
hereinafter referred to as "Pledge Agreement"; (2) pursuant to article 684 of
the Civil Code and exclusively for the purposes of the Pledge Agreement,
Principals grant to the Collateral Agent specific and restricted powers to, on
behalf of the Creditors, represent Principals before any and all Registries of
Deeds and Documents, as well as sign any and all documents, perform any and all
acts specifically and exclusively required for the registrations prescribed by
law and for the Pledge Agreement to be valid; (3) since this public power of
attorney is granted in the interest of Creditors and as a condition precedent
for the business established in the Pledge Agreement and in the agreements
related thereto, this public power of attorney is IRREVOCABLE; (4) this public
power of attorney, as a rule, shall be used before third parties for the
Collateral Agent to perform the registration acts indicated above on behalf

<PAGE>

                                                                             -2-

of Creditors, whereupon Principals shall not be required to directly perform any
acts other than the granting of this public power of attorney; (5) the powers
granted to the Collateral Agent hereunder shall only be extinguished upon
expiration and termination of the Pledge Agreement. In the event of replacement
of the Collateral Agent, the latter is hereby authorized to delegate such powers
to the institution that shall become the new collateral agent. After read by all
parties, Principals sign this irrevocable public power of attorney.]
<PAGE>

                                                                           - 2 -

                                                              SCHEDULE 8 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

        LIST OF ACTIONS, PROCEDURES, LIENS, ENCUMBRANCES AND RESTRICTIONS

I. JUDICIAL PROCEEDINGS

<TABLE>
<CAPTION>
           OPERATOR              PLAINTIFF IN ENFORCEMENT ACTION NO.         SUBJECT MATTER                   OBSERVATIONS
<S>                             <C>                                          <C>                   <C>
        NET SAO PAULO           FEDERAL GOVERNMENT                                Tax
                                1999.61.82.053713-2
                                6th Lower Court of Federal Tax
                                Enforcements

        NET SAO PAULO           MUNICIPALITY                                      Tax              Attachment of different assets
                                705.673-7/97-8                                                     that make up the network.
                                1st Lower Court of Municipal Tax
                                Enforcements - SP

                                FEDERAL GOVERNMENT                                Tax
NET SAO PAULO (SANTOS BRANCH)   2004.61.04.008510-2
                                5th Lower Federal Court in Santos

    NET SAO JOSE RIO PRETO      STATE OF SAO PAULO                                Tax              Cable network attachment.
                                20.497/01
                                Ancillary Service of the SJRPRETO
                                Internal Revenue

         NET SERVICOS           FEDERAL GOVERNMENT                                Tax
                                2004.61.82.037766-7
                                5th Lower Court of Federal Tax
                                Enforcements - SP

         NET SERVICOS           FEDERAL GOVERNMENT                                Tax
                                2004.61.82.051947-4
                                5th Lower Court of Tax Enforcements
                                - SP

         NET SERVICOS           UNIBANCO                                     Loan Agreement
                                000.02.222752-0,
                                16th Lower Civil Court of the
                                Central Courts - SP

           NET RIO              STATE OF RIO DE JANEIRO                           Tax
                                2001/100-004.229-8
                                Motion to Stay Execution
                                No. 2004.001.044.800-3
                                11th  Rio de Janeiro Internal
                                Revenue Service.

           NET RIO              STATE OF RIO DE JANEIRO                           Tax              Attachment of 5% of Net Rios's
                                2001/100-004.230-4                                                 monthly revenues.
                                11th  Rio de Janeiro Internal
                                Revenue Service.
</TABLE>

<PAGE>

<TABLE>
<S>                             <C>                                          <C>                   <C>
           NET RIO              STATE OF RIO DE JANEIRO                           Tax
                                2001/100-004.231-6                                                 Attachment of Net
                                11th  Rio de Janeiro Internal                                      Rio's revenues.
                                Revenue Service.

           NET RIO              STATE OF RIO DE JANEIRO                           Tax
                                2003/100.000.355-8 11th Rio de Janeiro
                                Internal Revenue Service.
</TABLE>

II. ADMINISTRATIVE PROCEEDINGS:

<TABLE>
<CAPTION>
           Operator                         Tax Authority                    Subject Matter                   Observations
                                           Proceeding No.
<S>                             <C>                                          <C>                   <C>
        NET SAO PAULO           Federal Revenue Office                            Tax
                                AI 52385

        NET SAO PAULO           Federal Revenue Office                            Tax
                                AI 00503

        NET SAO PAULO           Federal Revenue Office                            Tax
                                AI 1998.00902-7

        NET SAO PAULO           08.1.81912-35
                                Federal Revenue Office                            TAX

         Cabodinamica           Federal Revenue Office                            Tax
                                08.109000/03695/03

         CABODINAMICA           Federal Revenue Office                            Tax
                                08.109000/03695/03

           NET RIO              Rio de Janeiro Internal Revenue                   Tax
                                Service
                                E-04/603.358/94
                                AI n. 791.691

           NET RIO              Rio de Janeiro Internal Revenue
                                Service                                           TAX
                                E-04/146.770/97
                                AI 01.041552-9

           NET RIO              Rio de Janeiro Internal Revenue
                                Service.                                          TAX
                                AI 01.049922-6
                                E-04.177.374/98
</TABLE>
<PAGE>

<TABLE>
<S>                             <C>                                          <C>                   <C>
           NET RIO              Rio de Janeiro Internal Revenue                   Tax
                                Service
                                AI 01.053492-3
                                E-04.147.573/97

           NET RIO              RIO DE JANEIRO INTERNAL REVENUE                   Tax
                                SERVICE.

                                E - 04/085.241/2002
                                Infraction Notice No. 03.007333-2

           NET RIO              Federal Revenue Office                            Tax
                                15374.001438/99-84

           NET RIO              Federal Revenue Office                            Tax
                                04203/02-A

           NET RIO              Federal Revenue Office                            Tax
                                04203/02-B

           NET RIO              Federal Revenue Office                            Tax

                                04203/02-C

          MULTICANAL            Federal Revenue Office                            Tax
                                AI n. 15374.004005/2001-20

      DR (Porto Alegre)         Federal Revenue Office                            Tax
                                11080.013354/
                                2002-68

      DR (Porto Alegre)         Federal Revenue Office                            Tax
                                11080-013.353/2002-13

           NET SUL              Municipality of Porto Alegre                      Tax
                                0085/98

      NET BELO HORIZONTE        Federal Revenue Office                            Tax
                                0610100/01055/03
</TABLE>
<PAGE>

III. AGREEMENTS:

<TABLE>
<CAPTION>
Operator                   Encumbered Properties          Type of Lien         Contract benefiting from the Lien
<S>                        <C>
NET CAMPINAS               3,073 Feet of RG/ Coaxial MT   Conditional Sale     Financing Agreement with Transfer of Loan in
                           cables, year of manufacture                         Foreign Currency - BONY signed with UNIBANCO -
                           1998, Manufacturer                                  Uniao de Bancos Brasileiros S/A., filed with the
                           CommScope, Inc.                                     1st Registry of Deeds and Documents of Campinas -
                                                                               SP, microfilm No. 283301, value: US$ 364,116.59

NET CAMPINAS               Attenuators, Equalizers,       Conditional Sale     Financing Agreement with Transfer of Loan in
                           Amplifiers and Carcass for                          Foreign Currency - BONY signed with UNIBANCO -
                           Amplifiers, year of                                 Uniao de Bancos Brasileiros S/A., filed with the
                           manufacture 1998,                                   1st Registry of Deeds and Documents of Campinas -
                           Manufacturer: Scientific                            SP, microfilm No. 283302, value: US$ 635,800.07
                           Atlanta, Inc.

                           Attenuators, Equalizers,       Conditional Sale     Financing Agreement with Transfer of Loan in
NET CAMPINAS               Amplifiers and Carcass for                          Foreign Currency - BONY signed with UNIBANCO -
                           Amplifiers, year of                                 Uniao de Bancos Brasileiros S/A., filed with the
                           manufacture 1998,                                   1st Registry of Deeds and Documents of Campinas -
                           Manufacturer: Scientific                            SP, microfilm No. 283303, value: US$ 342,868.14
                           Atlanta, Inc.
</TABLE>

IV. NONPARTICIPATING DEBT, AS DEFINED IN THE INTERCREDITOR AGREEMENT:
<PAGE>

                                                              SCHEDULE 9 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                          MODEL OF THE TERM OF ADHESION

                                TERM OF ADHESION

This Term of Adhesion, dated [   ] (the "TERM"), is entered into by and between
the parties below (the "PARTIES"):

      (a) NET SERVICOS DE COMUNICACAO S.A., a joint-stock company with its
headquarters in the City and State of Sao Paulo, at Rua Verbo Divino, 1356,
Chacara Santo Antonio, enrolled in the National Register of Legal Entities
(C.N.P.J.) under No. 00.108.786/0001-65 (the "COMPANY"), herein represented
pursuant to its Bylaws by its directors, Messrs. [   ] and [   ];

      (b) The Company's subsidiaries listed on "Schedule A" to this Term (the
"SUBSIDIARIES" and collectively with the Company, the "NET GROUP"), herein
represented by the Company;

      (c) Banco ITAU S.A., a financial institution with its headquarters in the
City and State of Sao Paulo, at Praca Alfredo Egydio Souza Aranha, 100, Torre
Itausa, enrolled in the National Register of Legal Entities (C.N.P.J.) under No.
60.701.190/0001-04, in the capacity of collateral agent (the "COLLATERAL
AGENT"), herein represented pursuant to its

<PAGE>

Bylaws;

      (d) Each of the financial institutions listed and identified on "Schedule
B" to this Term (the "CREDITORS"), herein represented by the Collateral Agent;
and

      (e) [   ], a financial institution with its headquarters in the City
of [ ], State of [   ], at [   ], enrolled in the National Register of Legal
Entities (C.N.P.J.) under No. [   ] (the "JOINING CREDITOR"),

WHEREAS:

(a) The Company, the Subsidiaries mentioned in each of the agreements listed
below, the Collateral Agent, on its own behalf and on behalf of the creditors
mentioned in the agreements below, and the Creditors, as applicable, have
executed the following agreements:

      (i) The Intercreditor Agreement, dated [   ];

      (ii) The Receivables Pledge Agreement with an Enforcement Clause, dated
      [ ], referring to the receivables and credit rights of Net Sao Paulo Ltda.
      and the Receivables Pledge Agreement with an Enforcement Clause dated [ ],
      referring to the receivables and credit rights of Net Sao Paulo Ltda.
      ("RECEIVABLES PLEDGE AGREEMENTS");

      (iii) The Share Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [ ] ("SHARE PLEDGE AGREEMENT");

      (iv) The Quota Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [ ] ("QUOTA PLEDGE AGREEMENT"); and

<PAGE>

      (v) The Asset Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [ ] ("ASSET PLEDGE AGREEMENT", collectively with the
      Receivables Pledge Agreements, the Share Pledge Agreement, the Quota
      Pledge Agreement and the Intercreditor Agreement, the "PLEDGE DOCUMENTS");

(b) The Pledge Documents allow for the adhesion of new creditors of the Net
Group, subject to the rules and restrictions of the Debt Instruments (as defined
in the Pledge Documents);

(c) On [     ], the Joining Creditor entered into with [    ](1) , the
[loan agreement] (the "NEW DEBT INSTRUMENT")

(d) The Joining Creditor wishes to adhere to the Pledge Documents, in order to
share with the Creditors the guarantees granted by the Net Group by means of the
Pledge Documents, subject to all the terms and conditions set out therein, to
the effect that the Pledge Documents also secure the obligations of the Net
Companies ensuing from the New Debt Instrument; and

(e) The Net Group represents and warrants that this adhesion of the Joining
Creditor is made strictly in accordance with the terms and conditions of the
Debt Instruments (as defined in the Pledge Documents) and of the Pledge
Documents.

NOW THEREFORE, the Parties resolve to enter into this Term, which shall be
governed by the following terms and conditions:

----------------
(1) INCLUDE NAME OF THE NET COMPANIES THAT ARE PARTIES TO THE NEW CREDIT
INSTRUMENT .

<PAGE>

1. -  Upon execution of this Term, the Joining Creditor declares to be totally
aware of each of the Pledge Documents, to which it hereby adheres without any
restrictions, and irrevocably and irreversibly undertakes to comply with all the
terms, conditions and obligations established therein. Accordingly, the Pledge
Documents will also secure the obligations assumed by the Net Companies as a
result of the New Credit Instrument.

2. -  For all purposes and effects of the Pledge Documents, the Joining Creditor
shall have the same rights and obligations as the other Creditors under the
Pledge Documents without any reservations and/or limitations except those
expressly set forth in the Intercreditor Agreement.

3. -  As an essential condition for the transactions contemplated in this Term,
the Pledge Documents, the Debt Instruments and in accordance with Article 684 of
the Brazilian Civil Code, the Joining Creditor hereby irrevocably and
irreversibly appoints and constitutes the Collateral Agent, as further
identified in the preamble of this Term, as its attorney-in-fact to take any and
all of the following measures, acting on behalf of the Joining Creditor:

      (a) to take any actions on behalf of the Joining Creditor, as Collateral
Agent, and to exercise such powers and decisions under the Pledge Documents as
are delegated to it by this Term and the Pledge Documents, as well as to
exercise all other powers and decisions required for the full compliance with
this instrument, subject to applicable law;

      (b) to act as its attorney-in-fact with any and all powers required for
the exercise of the rights relating to the Collateral in connection with which
any lien is or may be created, as defined in the relevant Debt Instrument,
including the power to dispose of the Collateral according to the provisions of
the Pledge Agreements, and to represent the Creditors before the National
Telecommunications Agency - Anatel, the Administrative Economic Defense Council
- CADE and any Registries of Deeds and Documents, Real Estate Registries and
Boards of Trade.

      (c) to act as its attorney-in-fact with any and all powers required for
the exercise

<PAGE>

of its rights ensuing from this Term or the Pledge Documents, including the
necessary powers to allow the Collateral Agent to retain attorneys to represent
the Joining Creditor before any court, tribunal or arbitration court, it being
certain and agreed that the Joining Creditor hereby expressly authorizes the
Collateral Agent to grant to such attorneys any and all ad judicia et extra
powers that shall be required under the applicable legislation to assure the
valid representation of the Joining Creditors' interests before any court,
tribunal or arbitration court;

      (d) to act as attorney-in-fact for the purpose of receiving any judicial
or extrajudicial notice addressed to the Joining Creditor, or any summons and
service of process; and

      (e) to act as attorney-in-fact with any and all powers required for the
purpose of executing, delivering and, to the extent necessary, registering (i)
any Term of Adhesion according to the terms and conditions of this Term and the
Pledge Agreements, and (ii) any document, notice, waiver, declaration of
compliance, instrument of release, amendment, discharge and/or release of
guarantees and, if necessary, release of any liens on the Collateral, according
to the terms and conditions set out in this Term and the Transaction Documents.

4. -  This Term of Adhesion shall be deemed to be an integral part of the
Intercreditor Agreement and of the other Pledge Documents on the date that this
Term of Adhesion is filed with the Registries of Deeds and Documents and with
the Real Estate Registration Offices. In order for the Term of Adhesion to be
effective and be considered as an integral part of the Intercreditor Agreement
and of the Pledge Agreements, the Joining Creditor shall register it at the
competent Registry of Deeds and Documents and Real Estate Registry and shall,
within at most 5 (five) business days of the date of said registration send
certified copies evidencing such registration to the Collateral Agent and Net
Servicos.

<PAGE>

5. -  This Term shall be signed in the same number of counterparts as each of
the Pledge Documents.

5.1. -  Upon execution of this Term, the Parties expressly agree that each of
the Pledge Documents was automatically amended to reflect the adhesion of the
Joining Creditor and the New Debt Instrument. For such purpose, the Parties
agree that the exhibits of each of the Pledge Documents listed below is hereby
supplemented by the documents attached hereto, as indicated below:

      (a) "Schedule 2" to the Intercreditor Agreement, "Schedule 2" to the Asset
Pledge Agreement, "Schedule 2" to the Share Pledge Agreement, "Schedule 2" to
the Quota Pledge Agreement and "Schedule 2" to the Receivables Pledge Agreements
are supplemented by "Schedule 2" to this Term;

      (b) "Schedule 3" to the Intercreditor Agreement, "Schedule 3" to the Asset
Pledge Agreement, "Schedule 3" to the Share Pledge Agreement, "Schedule 3" to
the Quota Pledge Agreement and "Schedule 3" to the Receivables Pledge Agreements
are supplemented by "Schedule 3" to this Term; and

      (c) "Schedule 6" to the Asset Pledge Agreement, "Schedule 6" to the Share
Pledge Agreement, "Schedule 6" to the Quota Pledge Agreement and "Schedule 6" to
the Receivables Pledge Agreements are supplemented by "Schedule 6" to this Term;

6. -  As of the respective registrations of this Term, the new schedules listed
in Clause 5.1 above shall be automatically considered as an integral part of
each of the Pledge Documents, and: (i) the New Debt Instrument shall be deemed,
for all purposes, the Debt Instrument, as defined in the Pledge Documents, (ii)
the Joining Creditor shall be considered, for all due purposes, as the Creditor,
as defined in the Pledge Documents, and (iii) the Collateral Agent shall
consider the credit of the Joining Creditor referring to the

<PAGE>

New Debt Instrument for all purposes and effects of the Intercreditor Agreement.

7. -  This Term of Adhesion shall not be deemed a novation of any of the terms
and conditions of the Pledge Documents.

IN WITNESS WHEREOF, the Parties - binding themselves and their successors - sign
this Term in the presence of 2 (two) undersigned witnesses.

                                         Sao Paulo, [  ]

                                             NET SERVICOS DE COMUNICACAO S.A.

                                             ___________________________________

                                             Name:                 Name:
                                             Title:                Title:

                                             BANCO ITAU S.A.

                                             ___________________________________

                                             Name:                 Name:
                                             Title:                Title:
Witnesses:

1. -  ________________________

      Name:

      Identity Card (RG):

2. -  ________________________

<PAGE>

      Name:

      Identity Card (RG):

<PAGE>

                                                              (Free Translation)

           RECEIVABLES PLEDGE AGREEMENT WITH AN ENFORCEMENT CLAUSE

This Receivables Pledge Agreement with an Enforcement Clause ("AGREEMENT"),
signed on [    ] 2005, is entered into by and between the following Parties
("PARTIES"):

      (a) NET RIO S.A., a sociedade anonima with headquarters in the City of Rio
de Janeiro, State of Rio de Janeiro, at Rua Vilhena de Moraes, 380, B. 02 room
201 and 3rd floor, enrolled in CNPJ under No. 28.029.775/0001-09, herein
represented pursuant to its Bylaws ("NET COMPANY", namely, the company that
constitutes the Pledge, as defined and specified below);

      (b) each institution listed and identified in "Schedule 2" hereof
(individually, "CREDITOR" and collectively, "CREDITORS"), herein represented by
the Collateral Agent mentioned below;

      (c) BANCO ITAU S.A., a Brazilian financial institution with headquarters
in the City of Sao Paulo, State of Sao Paulo, at Praca Alfredo Egydio Souza
Aranha, 100, Torre Itausa, enrolled in CNPJ under No. 60.701.190/0001-04, herein
represented pursuant to its Bylaws, as collateral agent (the "COLLATERAL
AGENT");

      (d) BANCO ITAU S.A., as identified above, herein represented pursuant to
its Bylaws, as the centralizing bank ("CENTRALIZING BANK"); and

      (e) as intervening party, NET SERVICOS DE COMUNICACAO S.A., a sociedade
anonima company with headquarters in the City of Sao Paulo, State of Sao Paulo,
at Rua Verbo Divino, No. 1.356, enrolled in CNPJ under No. 00.108.786/0001-65,

<PAGE>
                                                                           - 2 -

herein represented pursuant to its Bylaws, being bound for itself and its
controlled companies ("NET SERVICOS").

WHEREAS:

      (1) Net Servicos and/or some of its controlled companies were originally
debtors in a number of loans contracted in Brazil and abroad ("DEBT"), which
were not paid according to their respective instruments; all of the loans
integrating the Debt were listed in the Term Sheet mentioned in whereas clause
(2) below;

      (2) Net Servicos, for itself and on behalf of some of its controlled
companies, and Creditors negotiated in good faith a restructuring plan of the
Debt, according to the Term Sheet, which is an integral part of the Commitment
Letters executed by Net Servicos and certain companies controlled by Net
Servicos with several Creditors, and is the subject matter of the relevant fact
disclosed by Net Servicos on June 28, 2004 ("RESTRUCTURING PLAN");

      (3) as part of the actual implementation of the Restructuring Plan, Net
Servicos and certain of its controlled companies, on the one part, and
Creditors, on the other part, changed and/or formalized, or undertook to
formalize and/or amend, the replacement of the original credit instruments
relating to the Debt in order to reflect the terms of the Restructuring Plan,
through the debt instruments that are listed and identified in "Schedule 3"
("DEBT INSTRUMENTS");

      (4) in addition to the Debt Instruments and this Agreement, as part of the
formalization of the Restructuring Plan, Net Servicos executed, among other
instruments, the following:

<PAGE>
                                                                           - 3 -

            (a) on this date, together with certain duly identified controlled
companies, the Creditors and the Collateral Agent, Net Servicos executed the
Intercreditor Agreement, a copy of which is an integral part hereof as "Schedule
4" ("INTERCREDITOR AGREEMENT");

            (b) on this date, together with Net Sao Paulo Ltda., the Creditors
represented by the Collateral Agent, and the Centralizing Bank, Net Servicos
executed the Receivables Pledge Agreement with an Enforcement Clause;

            (c) on this date, together with certain duly identified controlled
companies and the Creditors represented by the Collateral Agent, Net Servicos
executed the Share Pledge Agreement with an Amicable Sale Clause and other
Covenants and the Quota Pledge Agreement with an Amicable Sale Clause and Other
Covenants; and

            (d) on this date, together with certain duly identified controlled
companies and the Creditors, the latter represented by the Collateral Agent, Net
Servicos executed the Asset Pledge Agreement with an Amicable Sale Clause and
Other Covenants (the pledge agreements referred to in whereas clauses 4(b), (c)
and (d) are hereinafter referred to jointly as "ADDITIONAL PLEDGE AGREEMENTS");

      (5) subject to the terms agreed in the Debt Instruments, in the
Intercreditor Agreement and in this Agreement, the NET Company, as security for
full compliance with all the pecuniary obligations mentioned in the Debt
Instruments, agrees, pursuant to the terms and conditions of this Agreement, to
create a pledge in favor of the Creditors on (a) its total receivables, present
and future, net and gross, before the qualified NET Company subscribers in the
City of Rio Janeiro, as a result of services of any nature provided or which may
be provided to said subscribers, including with respect to cable television,
pay-per-view, and broadband, and the receivables existing until [ ] 2005 are
listed and

<PAGE>
                                                                           - 4 -

duly identified in "Schedule 5", which will be amended on a quarterly basis,
pursuant to Clause 11.2 below, in order to include and/or exclude occasional
increases or reductions in such receivables pursuant to the provisions set out
herein ("NET COMPANY'S RECEIVABLES"); and on (b) the total receivables of the
NET Company against the Centralizing Bank with respect to the NET Company's
Receivables (together with the NET Company's Receivables, the "RECEIVABLES"),
which, for the purposes hereof, shall be collected through the banking network,
as provided for herein (the "COLLECTION NETWORK"); and

      (6) subject to the terms and conditions established in the Debt
Instruments, in the Intercreditor Agreement and in this Agreement, of which
content NET Company, Net Servicos, both directly and by their controlled
companies, the Creditors, the Centralizing Bank and the Collateral Agent declare
to be fully aware and which they irrevocably and irreversibly undertake to
observe, the Collateral Agent was appointed as representative of the Creditors,
with the duties, rights and obligations set forth in the Intercreditor Agreement
and herein, especially with respect to the possible enforcement of the
guarantees mentioned in whereas clause (5) above and to the allocation of the
proceeds of the enforcement among the Creditors.

      NOW THEREFORE, the Parties decide to enter into this Agreement, which
shall be governed by the following terms and conditions:

I. -    CREATION OF THE PLEDGE

1.1. -  Subject to the provisions of this Agreement and of the Intercreditor
Agreement, and to ensure full compliance with all the pecuniary obligations
assumed in the Debt Instruments, including full payment of the amount of
principal, interest and any and all other charges owed by Net Servicos, and/or
by Net Servicos' controlled companies, and/or by NET Company, under the Debt
Instruments, including with respect to reimbursement of

<PAGE>
                                                                           - 5 -

any and all amounts that the Collateral Agent justifiably, provably and
reasonably disburses by virtue of the creation, maintenance and/or enforcement
of the pledge contracted herein (collectively, the "SECURED OBLIGATIONS"), based
on the general provisions of Articles 1419 et seq. of the Brazilian Civil Code
in effect ("CIVIL CODE"), NET Company, by this instrument and in the best form
of law, irrevocably and irreversibly pledges the Receivables in favor of
Creditors (the "PLEDGE"), as a result of which it undertakes to transfer,
pursuant hereto, 100% (one hundred percent) of the Receivables to the
Centralizing Bank, to escrow current account No. [  ], held by NET Company at
branch [  ] of the Centralizing Bank, located in the City of [  ], State of
[  ], at [  ] (the "CENTRALIZING ACCOUNT"). NET Company undertakes to determine
that all payments of Receivables be made through the Collection Network.

1.1.1. - The Pledge does not affect or limit, in any way, the NET Company's
right to freely and unrestrictedly perform its discount, collection, promotions
and invoicing policies, provided that the new policies are not contrary to the
purpose hereof.

1.1.2. - The Pledge will not be affected or impaired in any way by any default
on the part of the subscribers with respect to the Receivables. Likewise, the
Pledge will not be affected or impaired in any way by the withholding of bank
fees, by the Collection Network and/or the Centralizing Bank, on the amounts
deposited with such institutions by way of payment and transfer of Receivables,
so that the amounts thus withheld will not be considered as pledged amounts for
purposes of calculation of the Daily Withholding Amount referred to in Clause
2.3.

1.2. -  Subject to the provisions of the Debt Instruments, the Intercreditor
Agreement and this Agreement, the NET Company hereby undertakes, for the
duration hereof, to maintain under pledge in favor of the Creditors, herein
represented by the Collateral Agent, as guarantee for compliance with the
Secured Obligations hereunder and as the subject matter of the Pledge now
created, 100% (one hundred percent) of the Receivables.

<PAGE>
                                                                           - 6 -

1.2.1. - For such purpose, NET Company shall amend this Agreement to update its
"Schedule 5" on a quarterly basis, in order to reflect any additions to and
reductions in Receivables that may become necessary, pledging any and all
Receivables arising from such updating, in compliance with the provisions of
Clause 11.2 below. The Centralizing Bank and the other Parties to this Agreement
hereby agree that the signature by the Centralizing Bank, either as a party or
intervening party, on the amendment to this Agreement, for purposes of updating
of "Schedule 5", shall not be required. If there are no additions to or
reductions in Receivables over the period, NET Company shall only inform this
fact to the Collateral Agent up to the fifteenth (15th) day of the month
immediately after the calendar quarter just ended, if it is a business day, or
on the business day immediately following.

1.2.2.- If Net Servicos and/or any of its controlled companies hold credits and
receivables, whether present or future, net or gross, before subscribers and/or
users resident or domiciled in the City of Rio de Janeiro, with respect to
services of any nature, including cable television, pay-per-view, and broadband
services that are provided or may be provided to said subscribers and/or users
resident or domiciled in the City of Rio de Janeiro, and that may be invoiced
and/or received by a company or companies other than the NET Company, Net
Servicos hereby irrevocably and irreversibly undertakes, for itself and its
controlled companies, to ensure that such credits and receivables are
contemplated by this Pledge, becoming automatically subject to this Agreement.

1.3. -  For purposes of monitoring and verification of compliance with the
obligations set out in Clauses 1.2, 1.2.1 and 1.2.2 above, NET Company
undertakes to supply to Collateral Agent, the following documents:

      (a) a monthly written report by the 10th day of the month immediately
after the month contemplated in the report, which may be made available
electronically, informing,

<PAGE>
                                                                           - 7 -

with respect to the previous month, (i) the total amount invoiced against all
qualified subscribers in the City of Rio de Janeiro; (ii) the total amount
effectively received from such subscribers; and (iii) the total amount
transferred by the Collection Network to the Centralizing Bank;

      (b) on a monthly basis, by the 10th day of the month subsequent to the
month contemplated in the report, detailed statements of NET Company's current
accounts to the Collection Network, in which the payments for the Receivables
have been deposited, issued by the respective institutions that are part of the
Collection Network and the Centralizing Account, issued by the Centralizing
Bank;

      (c) a monthly written report, on the last day of the period covered by the
report dealt with in item "a" above, which may be made available electronically,
informing the total Receivables and indicating the Receivables to be actually
pledged to the Creditors pursuant to Clause 1.2; and

      (d) on a quarterly basis, on the proper dates for submission of the ITR
(Rural Territorial Tax) to the Securities Commission, a letter to be prepared by
outside auditors in favor of the Collateral Agent, describing the exceptions
found with regard to compliance with Clauses 1.2 and 1.2.2 and the declarations
provided by the companies in accordance with items (a), (b) and (c) of Clause
1.3 of this Agreement.

1.4. -  In the event that any document mentioned in Clause 1.3 above is not
supplied within the specified period, or shows noncompliance with the
obligations stipulated in Clauses 1.1, 1.2, 1.2.2, 11.2 and 11.2.1, the NET
Company, after duly notified by the Collateral Agent, will have 5 (five)
business days to regularize compliance with the obligations contemplated in such
Clauses.

1.4.1. The responsible party, upon notice, will have 10 (ten) business days to
regularize any

<PAGE>
                                                                           - 8 -

obligations contemplated herein that have not been properly performed and for
which there is no specific regularization term.

1.5. -  For purposes of Article 1424 of the Civil Code, the Parties expressly
covenant that the principal conditions and characteristics of the Secured
Obligations are those established in each of the Debt Instruments. The estimated
principal amount of the Secured Obligations, the final due date and the maximum
interest rate contemplated for such Secured Obligations, in each case, on the
present date are those set forth in "Schedule 6" hereof, which schedule,
regardless of any formality and according to the payments made pursuant to the
Debt Instruments, will automatically reflect the amortizations of the Secured
Obligations, as well as any additions arising from the inclusion of new credits
from Joining Creditors and any contractual and legal charges assessed on the
Secured Obligations.

1.6. -  The Pledge hereby created will become in full force and effect as of
this date and will remain fully effective until the date on which all the
Secured Obligations related to the Debt Instrument have been fully and
definitively paid ("PLEDGE TERMINATION DATE").

1.7. -  During the period comprised between this date and the Pledge Termination
Date, the Pledge will benefit solely and exclusively the Creditors.

1.8. -  NET Company hereby irrevocably and irreversibly undertakes to ensure
that, as security for full compliance with its Secured Obligation related to the
Debt Instruments, between this Date and the Pledge Termination Date, the
Receivables are duly pledged in favor of Creditors.

1.9. -  NET Company hereby and in the best form of law irrevocably and
irreversibly appoints and constitutes Net Servicos as its attorney-in-fact,
granting it full and special ad negotia powers specifically to represent NET
Company with respect to all purposes hereof,

<PAGE>
                                                                           - 9 -

before the Creditors and/or Collateral Agent and/or Centralizing Bank; Net
Servicos, subject to the terms and conditions of this Agreement and of the
Intercreditor Agreement, is hereby authorized to take all the actions necessary
to comply with the obligations hereunder as well as to defend and protect the
NET Company's interests, and to that end and without any limitation, it may sign
any and all documents, send and receive any and all notices or communication,
sign any amendments to this Agreement, receive and give release, represent NET
Company at the registries of deeds and documents, real estate registries and any
other registries, and, finally, perform all the acts necessary for the validity
and effectiveness hereof. If, due to the nature of the act, a public or private
instrument of power of attorney must be issued to Net Servicos or Net Servicos
must be granted special powers or powers in addition to those granted by its
controlled companies, Net Servicos, at its own account and risk, will be
responsible for obtaining and regulating the granting of the powers, being
obliged, upon request by the Collateral Agent, to supply evidence of compliance
with the provisions hereof.

II.-    ENFORCEMENT OF THE PLEDGE

2.1. -  As long as the Secured Obligations are being performed, NET Company may,
at any time, freely dispose of the funds deposited in the Centralizing Account.

2.2. -  NET Company hereby instructs and authorizes (a) the Collateral Agent, in
compliance with the terms and conditions of the Debt Instruments, of this
Agreement and of the Intercreditor Agreement (notably the deliberation by the
Creditors to enforce the Pledge), to submit to the Centralizing Bank, if the
Secured Obligations are not complied with, a notice making express reference to
this Clause 2.2 and instructing the Centralizing Bank to immediately withhold
the sums contemplated by this Clause II, and (b) the Centralizing Bank to accept
the irrevocable instructions contemplated in item (a) above.

<PAGE>
                                                                          - 10 -

2.2.1. -  In compliance with the provisions of Clause 2.2 above, in the event of
default on the Secured Obligations, it is hereby expressly stipulated that any
act or measure aimed at enforcement of the Pledge, may only be implemented
exclusively by the Collateral Agent, subject to the terms and conditions of the
Intercreditor Agreement, so that no Creditor may take advantage of judicial,
extrajudicial or any other constrictions on the rights contemplated herein,
under penalty of application of the provisions in Clause 2.9.

2.3. -  Once informed by the Collateral Agent about the withholding obligation
mentioned above, the Centralizing Bank will be required hereunder, pursuant to
the terms of Article 1455, sole paragraph of the Civil Code, subject to the
provisions of this instrument, of the Debt Instruments and of the Intercreditor
Agreement, irrevocably and irreversibly, promptly and automatically, to arrange
for the cumulative and daily withholding of the amount equivalent to no more
than 30% (thirty percent) of the funds then available in the Centralizing
Account, as well as 30% (thirty percent) of the deposits made thereafter on a
daily basis in the Centralizing Account, causing the retained amount to become
unavailable to NET Company (the "DAILY WITHHOLDING AMOUNT"), and automatically
releasing the remaining balance available at the Centralizing Account for free
use by NET Company.

2.4. -  Upon written request by the Collateral Agent mentioned in Clause 2.2
above, and regardless of any additional formality, the Centralizing Bank will be
irrevocably and irreversibly required to transfer the Daily Withholding Amount
to such current account(s) as may be indicated by the Collateral Agent in favor
of the Creditors, the outstanding balance being automatically released in favor
of NET Company.

2.4.1. - For purposes of the provisions of Clause 2.4 above, it is hereby
established that the amount to be daily withheld in the Centralizing Account and
transferred to the Collateral Agent may be lower or higher than the percentage
defined above for purposes of calculation of the Daily Withholding Amount,
except for the events contemplated in Clause 2.11.1 hereof.

<PAGE>
                                                                          - 11 -

2.4.2. - Any funds transferred by the Centralizing Bank to the Collateral Agent
in the manner and for the purposes established herein, shall be used by the
Collateral Agent for prompt payment of the past due Secured Obligations, with
due regard to the allocation rules contemplated in the Intercreditor Agreement.

2.4.3. - In the event of default on the Secured Obligations at any time, and
provided that the applicable provisions hereof are observed, especially those
contained in Clauses 2.1, 2.2, 2.2.1 and 2.3 above, of the Intercreditor
Agreement and of the Debt Instruments, until full compliance with the Secured
Obligations, the Collateral Agent may ask the Centralizing Bank to make daily
transfers of the Daily Withholding Amount to the Collateral Agent, as provided
for herein, for payment of the Secured Obligations up to the amount of the past
due Secured Obligations.

2.4.4. - In the event of any withholding and transfer as mentioned in this
Clause II, the corresponding Secured Obligations will be automatically
acquitted, on a daily basis and strictly to the extent of such daily withholding
and transfer, and regardless of any other formality, to which the Collateral
Agent hereby agrees on behalf of Creditors and on its own behalf, irrevocably
and irreversibly, and Collateral Agent and Creditors waive any claims against
NET Company with respect to the amounts that have been the subject matter of
said withholding and transfer.

<PAGE>
                                                                          - 12 -

2.5. -   The withholding and corresponding transfer to be made as set forth in
this Clause II shall be carried out for the time necessary to obtain sufficient
funds to fully settle the past due Secured Obligations (including any default
charges, which will only cease to apply upon full and complete payment of the
past due Secured Obligations, as well as of the costs and expenses for which
Creditors and/or Collateral Agent are not liable, but which, by force of the
provisions herein, have been borne and evidenced by them). Thus, the Collateral
Agent shall promptly inform the Centralizing Bank on the same day on which this
payment occurs, by means of written notice, that the latter will interrupt the
withholding under penalty of the applicable legal sanctions and the obligation
to refund any unduly retained amounts, properly accreted according to the
DI-CETIP Over Rate (Extra-Group) remuneration published by CETIP in the period
equivalent to that of the inappropriate withholding.

2.6. -  Given the procedures and conditions established herein, it is hereby
certain and defined that there is no responsibility or guarantee on the part of
the Centralizing Bank or the Collateral Agent for payment of the Secured
Obligations, except for the responsibility to perform the acts and procedures
contemplated herein.

2.6.1. - The NET Company hereby authorizes the Centralizing Bank, on an
irrevocable and irreversible basis, and as an essential condition for the
business, pursuant to Article 684 of the Civil Code, to accept all the
Collateral Agent's orders, provided that such orders have been given strictly in
accordance with this Agreement and with the Intercreditor Agreement. A copy of
the orders sent by the Collateral Agent and evidence of compliance with such
order by the Centralizing Bank shall be sent by the Collateral Agent and the
Centralizing Bank, respectively, to Net Servicos and/or NET Company up to the
immediately succeeding business day.

2.7. -  It is hereby established among the Parties that the Collateral Agent may
only contact or notify NET Company's subscribers qualified in the City of Rio de
Janeiro in the

<PAGE>
                                                                          - 13 -

sole and exclusive events of (a) default with respect to the Secured
Obligations, or (b) NET Company not giving the notice mentioned in Clause 4.1
(h) hereof within the stipulated period. The Collateral Agent must act
exclusively to ensure compliance with the provisions of this Clause II,
including to guarantee the obligation of the funds received from these
subscribers to be handled through the Collection Network, always in compliance
with the terms and conditions hereof, of the Debt Instruments and of the
Intercreditor' Agreement.

2.8. -  Although the Creditors have lawful preference rights with respect to the
Receivables mentioned herein, the Creditors, through the Collateral Agent that
represents them herein, hereby expressly agree and declare on an irrevocable and
irreversible basis, under the penalties of the law, that during the
effectiveness of this Agreement, and while they are parties to this Agreement,
they may only (a) perform any acts that imply or may imply the attachment,
judicial seizure or any other type of restriction of the Receivables; and/or (b)
perform any acts that imply or may imply the attachment, judicial seizure or any
other type of restriction of the sums contained in the Centralizing Account,
solely and exclusively through the Collateral Agent, with due regard for the
provisions in the Intercreditor Agreement and in this Agreement.

2.9. -  If any of the Creditors and/or the Collateral Agent fail to observe the
provisions of Clause 2.8, Net Servicos and/or NET Company shall notify
Collateral Agent and such Creditor(s) to the effect that they undo the act,
which they are forced to abstain from as a result of Clause 2.8 above within 10
(ten) consecutive days from such notice, and they shall answer for the losses
and damages caused to Net Servicos and/or NET Companies and/or the other
Creditors and/or the Collateral Agent, as applicable. If the default is not
remedied within such term, (i) in case the default is imputable to one or more
Creditors, the Creditor(s), who has(ve) caused such default will cease
immediately from being a party hereto, and the rights thereof arising from their
respective Debt Instrument(s) will no longer be part of the Secured Obligations,
and they will then cease to be able to benefit from this Pledge. In the events
above, said default will in no any way affect the legal and

<PAGE>
                                                                          - 14 -

contractual rights and prerogatives now conferred to the other Creditors and/or
the Collateral Agent.

2.10. - As soon as they become aware of the existence of any third party act,
which may lead to a threatened and/or actual lien on the Receivables ("THIRD
PARTY ACT"), Net Servicos and/or NET Company shall inform such Third Party Act
to the Collateral Agent, providing the latter with the information and documents
held thereby, and, regardless of any act by Net Servicos and/or NET Company, the
Creditors shall, acting exclusively through the Collateral Agent as established
in the Intercreditor Agreement, and using their preference rights, take all
applicable judicial and/or extra judicial measures in order to preserve and
maintain the integrity and full effect of the Pledge and/or to fully recompose
it, for all purposes of law and of this Agreement, so that the Pledge remains
always complete and in full force, and continuing, in all events of default with
respect to the Secured Obligations, thus enabling the Creditors to enforce the
Pledge as contemplated herein, exclusively through the Collateral Agent. Without
prejudice to the aforementioned, NET Company undertakes to promptly take all
judicial and extra judicial measures necessary to preserve the Pledge and for
full exercise of the contractual and legal rights now granted to Creditors.

2.11. If the Receivables are the subject matter of a restriction established in
judicial actions brought by third parties against NET Company and there is no
default with respect to the Secured Obligations, Creditors shall, acting
exclusively through the Collateral Agent, as contemplated in the Intercreditor
Agreement, use their preference rights in relation to any amounts limited by
third parties to raise the sums of such court deposits, which, except as
otherwise agreed in writing between Net Servicos and/or NET Company and the
Collateral Agent, shall be immediately deposited in the Centralizing Account so
that, according to Clause 2.1 above, the Centralizing Bank allows NET Company to
freely enjoy and dispose of the amounts deposited in the Centralizing Account,
with due regard for the restrictions set out in the Debt Instruments.

<PAGE>
                                                                          - 15 -

2.11.1. -  On the other hand, if the Receivables are the subject matter of a
restriction established in judicial actions brought by third parties against NET
Company and the Secured Obligations are in default, Creditors will be
responsible, acting exclusively through the Collateral Agent, as provided for in
the Intercreditor Agreement, to use the instrument of preference in relation to
any sums restricted by third parties to raise the amount of such court deposits,
which, except as otherwise expressly agreed in writing by NET Company and the
Collateral Agent, shall be immediately deposited in the Centralizing Account so
that the Centralizing Bank, pursuant to Clause 2.3 above, and in compliance with
the provisions of the Intercreditor Agreement and of this Agreement, can take
steps to retain the Daily Withholding Amount, releasing, on a daily basis, in
favor of NET Company an amount never lower than 70% (seventy percent) of the
funds existing in the Centralizing Account. If the Secured Obligations are in
default, and the Daily Withholding Amount to be earmarked to the Collateral
Agent as provided for in Clause 2.3 is in any way being affected by a Third
Party Act, it is hereby established, since the Parties agree that NET Company
cannot have more than the equivalent of 30% (thirty percent) of its committed
Receivables, that:

      (a) if the equivalent of 30% (thirty percent) or more of the Receivables
is committed by the Third Party Act, the Daily Withholding Amount shall not be
transferred by the Centralizing Bank to the Collateral Agent, and the full
amount existing in the Centralizing Account that is not committed by the Third
Party Act shall be immediately released in favor of NET Company; and

      (b) if the amount committed by the Third Party Act is lower than 30%
(thirty percent) of the Receivables, there shall be a restated transfer of the
Daily Withholding Amount by the Centralizing Bank to the Collateral Agent, so
that the difference between 30% (thirty percent) of the amount deposited in the
Centralizing Account and the amount committed by the Third Party Act is passed
on to the Collateral Agent, releasing the

<PAGE>
                                                                          - 16 -

balance in favor of NET Company.

2.11.2. -  The attachment of any assets, properties or rights of NET Company
other than the Receivables, will not authorize the reduction of any of the
amounts that the Centralizing Bank will deliver to Creditors in the cases
contemplated herein.

2.11.3. -  If the Collateral Agent and/or the Centralizing Bank fails to
strictly observe the provisions of Clauses 2.11, 2.11.1 and/or the other Clauses
contained in this Clause II, the noncompliance with which could result in the
undue withholding of amounts contained in the Centralizing Account or of amounts
that should have been remitted to the Centralizing Account, the Collateral Agent
will be subject to application of the applicable legal sanctions, in addition to
the obligation of reimbursing the amounts unduly withheld, properly added by the
CDI remuneration published by CETIP extra-group in the period equivalent to that
of the undue withholding.

2.12. - Without prejudice to other events of early maturity of the Secured
Obligations as established in the Debt Instruments or in the Intercreditor
Agreement, the Collateral Agent and any of the Creditors are expressly
prohibited to consider the early maturity of the Secured Obligations based on
Articles 333, II and III, 1425, I, IV and V of the Civil Code. Without prejudice
to the duty of the Centralizing Bank and the Collateral Agent, on its own behalf
and on behalf of Creditors, never to make any restrictions higher than the
equivalent of 30% (thirty percent) of the Receivables, the Collateral Agent may,
with due regard for the provisions of the Debt Instruments, the Intercreditor
Agreement and this Agreement, notably Clauses 1.4 and 1.4.1 above and Clause
11.5 below, consider the early maturity of the Secured Obligations if any of the
following events should occur: (i) if the obligations provided in Clauses 1.2 or
1.3 above are not complied with; (ii) if the obligations contemplated in
sections "a", "b", "c" or "d" of Clause 2.14 below are not complied with; (iii)
if the provisions of section "h" of Clause 4.1 below are not complied with; or
(iv) if the obligations provided in Clause 11.2 below are not complied with.

<PAGE>
                                                                          - 17 -

2.13. - Any court costs, expenses and attorneys' fees arising from exercise of
the Creditors' preemptive right will be reimbursed upon submission of the
respective slips, whereas the attorneys' fees will only be reimbursed if (a)
they are within the market value charged by first class offices in the cities of
Sao Paulo and Rio de Janeiro and are compatible with the amount of the claim;
and (b) are duly evidenced and justified by appropriate documents, such as the
corresponding invoices or debit notes for services provided.

2.14. - In the judicial enforcement actions filed against the NET Company by
third parties, the NET Company shall make its best endeavors to enforce this
Pledge, undertaking: (a) not to indicate the Receivables for attachment; (b) to
refute in a timely manner, in all instances of jurisdiction, with all applicable
appeals, the possible attachment of the Receivables; (c) to submit, in a timely
manner, all appropriate defenses in the enforcement action; (d) not to hinder
the exercise of the preemptive right by the Creditors, but rather, to cooperate
with the Creditors for the actual exercise of such right; (e) to inform the
Collateral Agent of the existence of any enforcement or collection action filed
against NET Company, involving an amount equal to or greater than R$1,000,000.00
(one million reais), even if there is no attachment of Receivables, immediately
after becoming aware of the existence of the action in any way; (f) to send
reports, whenever requested, to the Collateral Agent for the benefit of
Creditors with more updated information on the status of the enforcement or
collection actions filed against NET Company involving an amount equal to or
greater than R$1,000,000.00 (one million reais); (g) to inform the Centralizing
Bank within 2 (two) business days, about any court deposit made by NET Company
in compliance with the judicial attachment of the Receivables, with
discrimination: (i) of the deposit amount; (ii) of the period to which the
deposit refers; and (iii) of the amount of the NET Company's total billing
during the deposit period, as well as the amount actually pledged pursuant
hereto in the same period. For application of this clause, "collection action"
means any procedural, administrative, judicial or arbitral means requesting that
the NET Company be sentenced to settle any debt for an amount equal to or
greater than said

<PAGE>
                                                                          - 18 -

amount.

2.15. - The Parties acknowledge that the Creditors are authorized, always acting
exclusively through the Collateral Agent, to require compliance with the Pledge
created hereunder together with any other guarantee granted to the Creditors,
including Additional Pledge Agreements, at the Creditors' sole discretion,
pursuant to the terms of this Agreement and the Intercreditor Agreement.

III. - RESTRICTIONS WITH RESPECT TO DISPOSAL OR ENCUMBRANCE OF THE SUBJECT
       MATTER OF THE PLEDGE

3.1. -  Except for the events expressly permitted under the Debt Instruments,
NET Company and Net Servicos may not, during the effectiveness of the Pledge,
either directly or indirectly, transfer, assign, dispose of or in any other way
create any lien or encumbrance in relation to the Receivables, wholly or in
part.

<PAGE>
                                                                          - 19 -

IV. - OBLIGATIONS OF NET SERVICOS AND NET COMPANY

4.1. -  In addition to the other obligations contemplated in the Debt
Instruments, in the Intercreditor Agreement, in this Agreement or in prevailing
law, Net Servicos and/or NET Company, up to the Pledge Termination Date,
undertake:

      (a) to perform all acts necessary or advisable to effectuate, perfect and
maintain the Pledge created hereunder, and to keep all the authorizations
necessary for the execution and implementation of this Agreement always valid,
in perfect order and in full force;

      (b) to maintain the Pledge at all times existing, valid, effective, in
perfect order and in full force, without any restriction or condition, and, in
the cases stipulated in Clause II, to maintain the Receivables free and clear of
any liens or encumbrances, whether of a judicial or extrajudicial nature, in
compliance with the provisions hereof;

      (c) to fully comply with all the obligations contemplated herein;

      (d) to defend themselves timely and efficiently against any act, action,
procedure or proceeding that could in any way affect this Agreement or the
Pledge;

      (e) to maintain the Centralizing Bank as the agent in charge of
centralizing collection of payments made by the NET Company's subscribers and
not to modify or alter the Centralizing Account, in compliance with the
provisions of Clause V below;

      (f) according to the model set forth in "Schedule 1", to irrevocably and
irreversibly authorize, unless otherwise agreed in writing by the Collateral
Agent, on behalf of the Creditors, each institution that is part of the
Collection Network to direct all the payments related to Receivables to the
Centralizing Account;
<PAGE>

                                                                            -20-

      (g) to provide the Collateral Agent with a copy of the authorizations
mentioned in item (f) above, together with a declaration signed by 2 (two)
statutory Directors of NET Company attesting that said institutions represent
the entire Collection Network;

      (h) for purposes of Article 1453 of the Civil Code, within 30 (thirty)
consecutive days from this date, to notify each of the subscribers thereof from
the City of Rio de Janeiro about this Pledge, as well as to notify, within 30
(thirty) consecutive days after the execution of the respective term of
adhesion, each new subscriber which after this date becomes one of the NET
Company's qualified subscribers. Such notice shall be given as follows:

      "According to the instrument registered in [ } Registry of Deeds and
      Documents of the City of [ ], under No. [ ], the amounts payable to NET
      under this invoice are pledged in favor of certain creditors of Company.";
      and

      (i) to observe the Creditors' representation by the Collateral Agent, as
established in the Intercreditor Agreement and in this Agreement, since this is
a condition precedent for the legal business agreed herein, with the validity
and effectiveness of such representation being ratified for all purposes of this
Agreement.

V. - OBLIGATIONS OF THE CENTRALIZING BANK

5.1. - The Centralizing Bank hereby undertakes to comply with its obligations as
centralizing agent, pursuant hereto, until the Pledge Termination Date.

5.1.1. - Without prejudice to the provisions of Clause 5.1 above, as set forth
herein, the Collateral Agent, on its own behalf and on behalf of Creditors,
hereby agrees that Net Servicos may change the Centralizing Bank by giving a
prior simple notice to the

<PAGE>

                                                                            -21-

Collateral Agent, provided the Secured Obligations are not breached, and may
choose any bank organized according to the laws of Brazil (i) with an adjusted
shareholders' equity at least equivalent, in applicable Brazilian currency, to
R$ 100,000,000.00 (one hundred million Reais); (ii) that maintains, in relation
to its deposit certificates, an investment risk rating of at least "BBB-", when
appraised by Standard & Poor's, or "Baaa3", when appraised by Moody's or by
another rating agency renowned nationwide; or (iii) that is a branch or a
controlled company of a foreign bank with an investment risk rating of at least
"BBB-", when appraised by Standard & Poor's or "Baaa3", when appraised by
Moody's, in connection with its short-term obligations.

5.1.2. - Having chosen to substitute the Centralizing Bank, NET Company
undertakes, in relation to the new Centralizing Bank, to observe the provisions
hereof, especially with respect to the provisions of Clauses II and IV above, so
as to ensure that the Collection Network may transfer the payments relative to
the Receivables to the new Centralizing Bank to which the new Centralizing
Account will be bound. As a condition precedent for the replacement of the
Centralizing Bank, the new Centralizing Bank must also adhere unconditionally,
irrevocably and irreversibly to all the provisions hereof, assuming all the
obligations stipulated herein.

5.2. - Furthermore, if this Centralizing Bank has to be substituted, whether by
force of law or by any fact that prevents it from continuing to comply with its
obligations as provided for herein, the Collateral Agent shall substitute it,
subject to the applicable requirements set out in Clauses 5.1.1 and 5.1.2 above.
The majority of Creditors shall approve such substitution.

5.2.1. - To substitute the Centralizing Bank to which Clauses 5.1 and 5.2 above
refer, the following measures shall be taken:

      (a) the Collateral Agent shall be notified in details by Centralizing Bank
and

<PAGE>

                                                                            -22-

NET Company of the reasons that led to the need for the substitution, and the
Collateral Agent shall obtain Creditors' agreement pursuant to Clause 5.2 above.
In the event that the Centralizing Bank is to be substituted pursuant to Clause
5.1 above, the Creditors' approval will not be required;

      (b) an amendment to this Agreement shall be entered into, by which the new
Centralizing Bank will formally adhere to all terms and conditions hereof, and
will undertake to abide by all its provisions applying to the Centralizing Bank,
in an unconditional, irrevocable and irreversible manner; and

      (c) whenever it is necessary to substitute the Centralizing Bank
exclusively due to a reason arising from the NET Company's default on its
obligations established herein, NET Company shall bear all the costs related to
this substitution, including, without limitation, the necessary registration and
filing costs.

5.3. - In addition to the other obligations contemplated herein, the
Centralizing Bank undertakes:

      (a) to accept and comply with all the instructions it has received from
the Collateral Agent according to the provisions hereof and of the Intercreditor
Agreement, with respect to withholding, blocking and the form of investment of
the funds available in the Centralizing Account for payment of the Secured
Obligations;

      (b) not to waive or transfer to third parties the duty it now performs as
centralizing agent for actual receipt of the Receivables, without the prior
written authorization by the Collateral Agent and Net Servicos, in compliance
with the provisions of Clauses 5.1.1 and 5.2 above;

<PAGE>

                                                                            -23-

      (c) to comply with orders to change or alter the Centralizing Account only
upon the prior written authorization of the Collateral Agent and Net Servicos,
jointly;

      (d) to provide Net Servicos and Collateral Agent, up to the 10th (tenth)
day of the subsequent month, with a copy of the complete statement for the
Centralizing Account, relative to the operations made in the previous month;

      (e) to provide monthly to NET Company and to Collateral Agent a written
report informing the current value of the total daily receipts arising from the
Receivables, up to the 10th (tenth) day of the month subsequent to the month
due;

      (f) to provide to the Collateral Agent, in the periodicity requested by
it, the amount of the funds that may be requested for enforcement of the Pledge;
and

      (g) to arrange for the NET Company and/or Net Servicos not to face any
difficulty in obtaining the signature of the Centralizing Bank's legal
representatives on the amendments hereto, whenever necessary.

5.4. - In the event the Centralizing Bank fails to comply with any of the
obligations assumed hereunder, and if such noncompliance is not remedied within
48 (forty-eight) hours from the event, the Centralizing Bank shall be required
to indemnify the Creditors and/or the Collateral Agent and/or Net Servicos
and/or NET Company, as the case may be, for any losses and damages arising from
this default.

VI. - OBLIGATIONS OF THE COLLATERAL AGENT

6.1. - In addition to the other obligations set out herein and in the
Intercreditor Agreement, the Collateral Agent undertakes:

<PAGE>

                                                                            -24-

      (a) to take all the steps necessary or advisable so that the guarantee
created hereunder is always fully valid and enforceable;

      (b) to manage the funds arising from the possible enforcement of the
guarantee now provided in favor of Creditors, pursuant to the Intercreditor
Agreement and this Agreement;

      (c) to promptly notify Net Servicos and Creditors with respect to any
action by them relative to the transfer of funds from the Centralizing Account
for payment of the Secured Obligations;

      (d) to respect and ensure that any and all measures to be taken, for all
effects and purposes hereof, especially for enforcement of the Pledge, may only
be irreplaceably effected by Collateral Agent, provided that the terms and
conditions of the Intercreditor Agreement and of this Agreement have been
complied with;

      (e) to provide the corresponding Creditor with copies of any additional
documents prepared pursuant to the terms hereof, which may be reasonably
requested by Creditor, including any updating of the schedules hereof and any
evidence of its registration as established herein, except for the documents
mentioned in Clauses 1.3 and 5.3 (d) above, as well as excluding any other
document which may imply financial and/or privileged and/or confidential
information on NET Company and/or Net Servicos and/or any of the other
Creditors, subject to the provisions of the Intercreditor Agreement;

      (f) to verify with Net Servicos if the filings and registrations
contemplated herein have been duly effected, within the timeframes determined
herein;

      (g) to take, on behalf of the Creditors, the steps necessary to protect
the

<PAGE>

                                                                            -25-

preemptive right over Receivables, as soon as it becomes aware of the existence
of any third party act that may result in a threatened or actual lien on the
Receivables, pursuant to this Agreement; and

      (h) to arrange for NET Company and/or Net Servicos not to encounter any
difficulty in obtaining the signature of the Collateral Agent's legal
representatives on the amendments hereto, whenever necessary.

6.2. - In the event of failure by the Collateral Agent to comply with any of the
obligations assumed hereunder, and if this noncompliance is not remedied within
48 (forty-eight) hours from the event, the Collateral Agent will be obliged to
indemnify the Creditors and/or Net Servicos and/or NET Company, as the case may
be, for any losses and damages arising from this default.

VII. - REPRESENTATIONS AND WARRANTIES OF NET SERVICOS AND NET COMPANY

7.1. - Net Servicos, on its own behalf and on behalf of NET Company, and Net
Company represent and warrant, on this date, under penalty of the law, that:

      (a) NET Company and Net Servicos are companies duly organized and existing
pursuant to the laws of Brazil, and are free to manage their assets;

      (b) the necessary authorizations for NET Company and Net Servicos to enter
into this Agreement and to assume and comply with all the obligations provided
herein have been obtained, and are valid, effective and in full force;

<PAGE>

                                                                            -26-

      (c) NET Company and Net Servicos are authorized, according to the terms of
their respective Bylaws and of the applicable legislation, as well as by the
respective public administration bodies to grant the guarantee contemplated in
this Agreement as well as to comply with the obligations contained in this
Agreement;

      (d) the persons that represent NET Company and Net Servicos in this
Agreement are duly authorized for such purpose;

      (e) there is no administrative, arbitral or fiscal judicial or
extrajudicial action or procedure, in an amount equal to or exceeding R$
1,000,000.00 (one million Reais), which may, in any way, prejudice or invalidate
this Pledge or the obligations assumed herein, except for the actions or
procedures, liens, encumbrances and restrictions mentioned in "Schedule 8"
hereto;

      (f) to the best of their knowledge, no judicial action, or extrajudicial,
administrative or arbitral procedure, irrespective of the plaintiff, seeking to
cancel, alter, invalidate, question or otherwise affect the Pledge and/or the
obligations assumed herein, is threatened to be filed or commenced, except for
any actions or procedures that may be filed by holders of a Debt Not Included,
as defined in the Intercreditor Agreement;

      (g) the Receivables are free and clear of any judicial or extrajudicial
liens, and are not subject to any restriction with respect to their disposal or
transfer, except the liens, encumbrances and restrictions described in "Schedule
8".

      (h) the terms and conditions hereof and the assumption and compliance with
all obligations set out herein (i) do not imply the default by NET Company
and/or Net Servicos on any agreement, document or instrument to which NET
Company and/or Net Servicos are parties or to which any of their assets and
properties are bound, which entails or may reasonably entail a payment
obligation on the part of Net Servicos or NET

<PAGE>

                                                                            -27-

Company, in an amount exceeding R$ 30,000,000.00 (thirty million Reais), except
for the contractual instruments of the holders of the Debt Not Included, as
defined in the Intercreditor Agreement; (ii) do not violate any law, decree or
regulation to which NET Company and/or Net Servicos are subject; (iii) do not
violate any pending order, decision, administrative, arbitral or court sentence
against NET Company and/or Net Servicos (except for the Unibanco Action, as
defined in the Intercreditors Agreement), which individually entails or may
reasonably entail a payment obligation on the part of Net Servicos or NET
Company in an amount exceeding R$ 30,000,000.00 (thirty million Reais); and (iv)
do not violate the bylaws and articles of association of NET Company and/or Net
Servicos;

      (i) the obligations assumed herein are valid and enforceable obligations
pursuant to their terms and conditions;

      (j) the Receivables listed in "Schedule 5" hereof represent, as of [ ]
2005, 100% (one hundred percent) of the Receivables;

      (k) the Collection Network is duly instructed by NET Company and by Net
Servicos to automatically transfer the funds deriving from the Receivables to
the Centralizing Account; and

      (l) all the powers of attorney granted by the NET Companies pursuant
hereto are granted irrevocably and irreversibly pursuant to the terms of Article
684 of the Civil Code.

7.2. - NET Company and Net Servicos are jointly and severally responsible for
any losses and damages arising from the untruthfulness or inaccuracy of these
representations, within the timeframes established by the prevailing
legislation.

<PAGE>

                                                                            -28-

VIII. - REPRESENTATIONS OF THE CENTRALIZING BANK AND THE COLLATERAL AGENT

8.1. - The Centralizing Bank and the Collateral Agent individually represent and
warrant, under the penalties of the law, that each:

      (a) is a company duly organized and validly existing pursuant to the laws
of Brazil, and are free to manage its assets;

      (b) all authorizations necessary for the execution hereof and for the
assumption and performance of all its obligations contemplated herein have been
obtained, are currently valid, effective and in full force, and have not been
changed in any way;

      (c) is authorized, pursuant to its Bylaws and the applicable legislation,
as well as by the respective public administration agencies to comply with the
obligations contained herein;

      (d) the persons that represent it in the execution hereof are duly
authorized for such purpose;

      (e) the terms and conditions hereof and the assumption and compliance with
all the obligations contemplated herein (i) do not imply default with respect to
its share in any agreement, document or instrument to which it is party or to
which its assets and properties are bound; (ii) do not violate any law, decree
or regulation to which it is subject; (iii) do not violate any order, decision,
administrative or judicial sentence pending against it; and (iv) do not violate
its Bylaws;

      (f) the obligations assumed in this Agreement are valid and enforceable

<PAGE>

                                                                            -29-

obligations pursuant to its terms;

      (g) it is aware of all the terms and conditions of the Intercreditor
Agreement and instruments that substantiate the Secured Obligations; and

      (h) it is aware that any and all measures to be taken, for all effects and
purposes hereof, especially for enforcement of the Pledge, may only be effected
irreplaceably by the Collateral Agent, in compliance with the terms and
conditions of the Intercreditor Agreement and of this Agreement.

8.2. - Centralizing Bank and Collateral Agent are responsible for any losses and
damages arising from the untruthfulness or imprecision of their declarations,
within the terms established by the pertinent legislation.

IX. - NOTICES

9.1. - Any and all notices to be exchanged by the Parties with respect to any
matter related hereto shall be made in writing and sent to the addresses
indicated below:

(a) if to NET Company and/or Net Servicos:

    NET SERVICOS DE COMUNICACAO S.A.

    Attn: Mr. Andre Muller Borges and/or Mr. Leonardo Porciuncula. Gomes Pereira

    Telephone #:      (55-11) 5186-2606

    Fax:              (55-11) 5186-2780

    Address:          Rua Verbo, n degrees 1356, Chacara Santo Antonio,
                      Sao Paulo - SP

                      Brasil, CEP 04719-002

<PAGE>

                                                                            -30-

(b) if to Creditors, at the addresses, telephone and fax numbers mentioned in
each of the Debt Instruments, or preferably at the addresses, telephone and fax
number of the Collateral Agent, as mentioned in item (c) below;

(c) if to the Collateral Agent:

    BANCO ITAU S.A.

    Diretoria de Servicos para o Mercado de Capitais

    Endereco: Av. Engenheiro Armando de Arruda Pereira, 707 - 9(a) andar -
    Jabaquara

    CEP: 04344-902 -  Sao Paulo - S.P.

    At.: Sr. Antonio Carlos Rodrigues

    Tel: (55 11) 5029-1527

    Fax: (55 11) 5029-1535

    e-mail: antonio-carlos.rodrigues@itau.com.br

(d) if to the Centralizing Bank:

    BANCO ITAU S.A.

    Diretoria de Servicos para o Mercado de Capitais

    Endereco: Av. Engenheiro Armando de Arruda Pereira, 707 - 9(a) andar -
    Jabaquara

    CEP: 04344-902 -  Sao Paulo - S.P.

    At.: Sr. Antonio Carlos Rodrigues

    Tel: (55 11) 5029-1527

    Fax: (55 11) 5029-1535

    e-mail: antonio-carlos.rodrigues@itau.com.br

9.2. - The notices will be deemed delivered on the date they are received, when
sent by registered letter or "return receipt requested", issued by the Brazilian
mail service (Empresa Brasileira de Correios e Telegrafos), and when delivered
at the addresses above.

<PAGE>

                                                                            -31-

The notices, however, will be deemed delivered on the immediately succeeding
business day, when sent by fax or email, provided that the originals of the
documents thus transmitted are forwarded to the addresses above by the means
indicated above, up to the second business day immediately following their
transmission.

9.3. - Any change of address and other data to be observed for purposes of the
notices above will only be effective 10 (ten) business days after communication
thereof to Net Servicos and to Collateral Agent.

X - INCLUSION OF OTHER CREDITORS

10.1. - Other creditors that may adhere to this Agreement pursuant to the Debt
Instruments and the Intercreditor Agreement (the "JOINING CREDITORS") will be
admitted as part hereof, and will enjoy the same rights and obligations, and be
able thus to share in the Pledge with the other Creditors listed in "Schedule 2"
hereof. The Joining Creditors will accept the terms hereof by adhering to the
Intercreditor Agreement, according to the terms and conditions contemplated in
it and by means of the execution of the competent Term of Adhesion, according to
"Schedule 9" ("TERM OF ADHESION"). The Term of Adhesion duly signed by the
Joining Creditor will become an integral part hereof.

10.2. - The Term of Adhesion shall substantiate a binding document signed by the
Joining Creditor's legal representatives, where (i) its request for such credit
to be inserted as Pledge beneficiary shall be set forth, and (ii) its
unconditional acceptance of all the terms and conditions of this Agreement and
of the Intercreditor Agreement shall be evidenced, especially with respect to
its representation by means of the Collateral Agent.

10.2.1.- The Joining Creditors, upon signing of the Term of Adhesion, will start
to enjoy the same rights and have the same obligations set out herein and in the
Intercreditor Agreement, pari passu with respect to the other Creditors, without
any exception and/or

<PAGE>

                                                                            -32-

limitation.

10.3. - For the Term of Adhesion to be effective, the Joining Creditor shall
register it at the Registry of Deeds and Documents of the City of Rio de Janeiro
and, within at most 5 (five) business days after the date of said registration,
it shall send certified copies evidencing such registration to Collateral Agent
and NET Company.

10.4. - Any vice which may be imputed to the Term of Adhesion will not affect or
impair any of the provisions contemplated herein, which will always remain valid
and effective for all effects and purposes.

XI. - REGISTRATIONS AND PENALTIES

11.1.- NET Company shall, within at most 7 (seven) business days of receipt of
the original counterparts hereof duly signed by the Parties, file this Agreement
for registration at the Registry of Deeds and Documents of the City of Rio de
Janeiro, and, within a maximum period of 20 (twenty) consecutive days of the
date of such filing, it shall send certified copies evidencing such registration
to the Collateral Agent and the Centralizing Bank, with due regard always for
the provisions in Clause 11.4 below.

11.2. - With respect to the amendments to this Agreement referred to in Clause
1.2.1, NET Company shall, every 15th (fifteenth) day of the month immediately
succeeding the civil quarter ended, if it is a business day, or on the first
succeeding business day, deliver to the Collateral Agent, in compliance with the
provisions of Clauses 6.1 "h" and 9.2 above, all the counterparts of the
respective amendment, duly signed by the legal representatives of NET Company
and Net Servicos, with the respective signature certification, so that the
Collateral Agent, on its own behalf and on behalf of Creditors, signs the
counterparts of such amendment, certifies the competent signatures and returns
such counterparts to NET Company, at the address mentioned in Clause 9.1 "a"
above, keeping only one of the

<PAGE>

                                                                            -33-

counterparts. Within 7 (seven) business days of receipt of the original
counterparts of the amendment to the Agreement, duly signed by the Collateral
Agent, NET Company shall file the respective amendment at the Registry of Deeds
and Documents, where this Agreement is registered, and within 20 (twenty)
consecutive days after the date of said filing, it shall send certified copies
evidencing such registration to Collateral Agent, except in the case of the
provisions of Clause 11.4 below.

11.2.1. In any other event of amendment to this Agreement, with due regard for
the provisions of Clause 10.3, the NET companies shall, within 7 (seven)
business days of receipt of the original counterparts to the amendment hereto
duly signed by the Parties, file the respective amendment for registration at
the Registry of Deeds and Documents where this Agreement is registered, and
within 20 (twenty) consecutive days of the date of such filing, it shall send
certified copies evidencing such registration to Collateral Agent, with due
regard for the provisions of Clause 11.4 below.

11.3.- Notwithstanding any other penalty imposed by the applicable legislation,
by this Agreement, by Clause 11.5 below, by the Debt Instruments and/or by the
Intercreditor Agreement, noncompliance by NET Company with any of the timeframes
established under Clause 11.2 above, for any reason whatsoever, will result in a
fine in favor of the Creditors, to be distributed pro rata, in proportion to
their respective Secured Obligations, for R$ 100,000.00 (one hundred thousand
reais) per day or fraction of a day of delay.

11.3.1.- The amount of the fine contemplated above will be adjusted yearly or at
a shorter period, if this is not prohibited or is permitted by the applicable
legislation, as from this date, including according to the variation in the
General Market Price Index (IGP-M), or in the absence thereof for any reason, by
the General Price Index - Internal Availability, both published by Fundacao
Getulio Vargas.

11.4.- Delay in complying with the terms established herein , whether arising
from an act

<PAGE>

                                                                            -34-

of God or force majeure, as for example, strikes, delays, failures and omissions
by the Registry of Deeds and Documents, not imputable to the NET Company, Net
Servicos and/or their controlled companies, will not characterize contractual
noncompliance nor will lead to the application of the fine mentioned in Clause
11.3. In this case, the agreed timeframes will be suspended at the date of
beginning of the act of God or force majeure until the date of its cessation,
and NET Company must, as from the first business day immediately succeeding the
cessation of the event of act of God or force majeure, take all the steps
necessary for the registration thus impaired to be made, calculating the period
for compliance with the obligations as from such date of cessation of the act of
God or force majeure.

11.5. - Upon expiration of the terms established in Clauses 1.4, 1.4.1, 11.2 and
11.4, and in compliance with the provisions in Clauses 2.12 and 12.9, in the
Intercreditor Agreement and in the Debt Instruments, Creditors may declare the
early maturity of the Secured Obligations. After declaration of the early
maturity of the Secured Obligations, the penalties contemplated in Clause 11.3
above will cease to be applicable, without prejudice to the penalties imposed by
the applicable legislation and the Debt Instruments.

11.6. - Without prejudice to the obligations hereby assumed by NET Company with
respect to such measures, as well as the penalties arising from noncompliance
therewith, the Collateral Agent may, at its sole discretion, upon notice to NET
Servicos, carry out the public registrations referred to in Clauses 11.1, 11.2
and 11.2.1.

11.6.1. Without prejudice to the other powers granted by Net Servicos and/or NET
Company to the Collateral Agent and/or Creditors, Net Servicos and NET Company,
through a power of attorney according to the model set forth in "Schedule 7",
grant to the Collateral Agent, in the capacity of representative of the
Creditors, on an irrevocable and irreversible basis, and as condition for the
business, according to Article 684 of the Civil Code, certain powers for the
Collateral Agent to represent NET Companies before any and

<PAGE>

                                                                            -35-

all Registries of Deeds and Documents, being able to sign any and all documents,
perform any and all acts necessary, specifically and exclusively for execution
of the registrations contemplated in Clauses 11.1, 11.2 and 11.2.1.

11.7. - It is hereby certain and agreed that, on the Pledge Termination Date,
NET Company shall, on its own account and risk, take the steps necessary to
cancel the Pledge's registration, Collateral Agent undertaking to promptly
provide the necessary cooperation to that end, as well as to supply the term of
release with respect to the Secured Obligations, and any relevant information
and documents reasonably requested by Net Servicos and/or NET Company. It is
certain, however, that said cancellation will depend, in any case, on the full
satisfaction of the Secured Obligations and, in this event, according to
Articles 319 and 1436 of the Civil Code, as well as according to Article 250 of
the Law of Public Registrations (Lei de Registros Publicos), whereupon NET
Company, Net Servicos and/or their controlled companies will be authorized to
use all the existing administrative and/or judicial mechanisms, without any
limitation, to release the Pledge and cancel its registration.

XII. - MISCELLANEOUS

12.1. - The Parties, bound for themselves, their successors and assignees of any
kind, agree that all the terms, conditions, covenants, powers of attorney and
commitments assumed herein are made on an irrevocable and irreversible basis.

12.2. - Any change to the terms and conditions hereof will only be considered
valid if formalized in a proper written instrument, signed by all the Parties,
except in the specific cases determined in this Agreement and its schedules,
always in compliance with the provisions of the Intercreditor Agreement, it
being certain, however, that the Collateral Agent shall represent Creditors
exclusively and with ample powers for such, in the

<PAGE>

                                                                            -36-

performance of any amendment hereto, pursuant to the terms and conditions of the
Intercreditor Agreement.

12.3. - The Creditors, in compliance with the provisions of the Intercreditor
Agreement, and acting exclusively through the Collateral Agent for purpose of
taking the applicable measures, may, at their sole discretion, require the
specific execution of the obligations assumed herein by the Parties, pursuant to
the terms of Articles 461, 621 and 632 to 645 of the Brazilian Civil Procedural
Code, as well as the enforcement of the guarantee granted herein.

12.3.1.- Without prejudice to the other rights granted to the Collateral Agent
in the capacity of collateral agent of Creditors, Collateral Agent is hereby
irrevocably and irreversibly authorized to effect all withholdings and transfers
contemplated herein for purposes of Article 1455, sole paragraph of the Civil
Code.

12.4. - NET Company and Net Servicos hereby agree, as a condition hereof, to
take any and all complementary steps and to produce any and all documents
necessary for the formalization of the Pledge, and for the validity and
effectiveness of this Agreement.

12.5. - Any and all costs or expenses that are provenly incurred by the
Collateral Agent in the performance of the obligations or exercise of the rights
contemplated herein or in the applicable legislation, including court costs and
expenses incurred with registrations, annotations or enforcement of the
guarantee contracted herein, as well as resulting from the proceedings,
procedures and/or other judicial or extrajudicial measures necessary for the
safekeeping of the rights and prerogatives contemplated herein, including costs,
fees, court costs, expenses, emoluments, attorneys' and experts' fees or any
other charges related to such procedures, proceedings or measures, provided they
have been evidenced, and are reasonable and justifiable for the purposes hereof,
shall be the responsibility of Net Servicos and/or NET Company, and must be
reimbursed within 10 (ten) business days

<PAGE>

                                                                            -37-

counted from the date of receipt of a notice to this effect to be sent to Net
Servicos and/or NET Company, at the discretion of the Collateral Agent.
Reimbursement of the court costs and attorneys' fees dealt with by the clauses
hereof will be made pursuant to the provisions of Clause 2.13.

12.6. - The invalidation or cancellation, wholly or in part, of any of the
clauses hereof will not affect the other clauses, which shall remain always
valid and effective until compliance by the Parties with all their obligations
provided herein. If any clause hereof is declared null and void, the Parties
hereby undertake to negotiate, within the shortest period possible, in
substitution of the clause declared null and void, the inclusion herein of valid
terms and conditions that reflect the terms and conditions of the clause
rendered null and void, according to the intention and purpose of the Parties at
the time of negotiation of the clause null and void and its context.

12.7. - Subject to Clause II hereof, for purposes of Article 1460 of the Civil
Code, the Creditors hereby irrevocably and irreversibly authorize Net Servicos,
its controlled companies and NET Company, in compliance with the terms hereof,
to receive payment for the Receivables and release them.

12.8. - Waiver by any of the Parties, with respect to the exercise of any of the
rights attributed pursuant to the terms hereof or of the applicable legislation
will be effective only if manifested in writing. No tolerance, delay or
indulgence by any of the Parties in ensuring compliance with any provision
hereof shall prejudice or restrict the rights of such party, nor shall it
prevent such party from exercising such rights or other rights when it deems
appropriate, regardless of any previous communications or notices.

12.9. - For all legal purposes, it is hereby established that the only events of
early maturity, in addition to those expressly contemplated in this Agreement,
the Debt Instruments and the Intercreditor Agreement are those set forth in
items II and III of Article

<PAGE>

                                                                            -38-

1425 of the Civil Code.

12.10. - The confidentiality commitment set out in Clause 10.14 of the
Intercreditor Agreement shall apply to this Agreement.

12.11. - Without prejudice to the joint and several liability between NET
Companies and Net Servicos established in the Intercreditor Agreement, the Debt
Instruments and the Additional Pledge Agreements, NET Company and Net Servicos
hereby and in the best form of law irrevocably and irreversibly, and for the
purposes contemplated in Article 265 of the Civil Code, declare hereunder to be
joint and several debtors and principal payers exclusively with respect to the
obligations contemplated in Clauses 2.13, 7.2, 11.1 to 11.7 and 12.5 hereof.

12.12. - The Parties elect the courts in the Judicial District of Sao Paulo,
State of Sao Paulo, to settle any doubts or disputes arising out of this
Agreement, to the exclusion of any other courts, however privileged they may be.

IN WITNESS WHEREOF, the Parties - binding themselves and their successors - sign
this Agreement in 4 (four) counterparts of equal tenor and form, to one sole
effect, in the presence of 2 (two) undersigned witnesses.

                                  Sao Paulo, [ ] 2005

                                  FOR CREDITORS

                               By ---------------------

                                  BANCO ITAU S.A.

                                  Name:

                                  Title:

<PAGE>

                                                                            -39-

                                          COLLATERAL AGENT AND CENTRALIZING BANK

                                          --------------------------------------
                                          BANCO ITAU S.A.

                                          Name:

                                          Title:

                                          NET COMPANY

                                          --------------------------------------
                                          NET RIO S.A.

                                          Name:

                                          Title:

                                          NET SERVICOS

                                          --------------------------------------
                                          NET SERVICOS DE COMUNICACAO S.A.

                                          Name:

                                          Title:

Witnesses:

1.  -
      ----------------------------

      Name:

<PAGE>

                                                                            -40-

      Identity Card - RG:

2.  -
      ----------------------------

      Name:

      Identity Card - RG:

<PAGE>

                                                              SCHEDULE 1 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

        MODEL OF THE INSTRUCTION TO THE COLLECTION NETWORK'S INSTITUTIONS

"Sao Paulo,       , 2005

To

Bank [Collector]

[  ]

Re.: Instruction for daily transfer of sums - Current Account No. [ ], Branch
No. [ ]

Dear Sirs,

We take this opportunity to ask you that, as of this date, you arrange for the
daily and automatic transfer of 100% (one hundred percent) of the cash available
at the referenced current account, held by [ ], to Current Account No. [ ],
Branch No. [ ], of Banco Itau S.A., also held thereby, regardless of any other
formality, until subsequent written request otherwise by the holder.

Very truly yours,

<PAGE>

                                                                            -42-

Net"

<PAGE>

                                                                            -43-

                                                              SCHEDULE 2 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                                LIST OF CREDITORS

(1) PLANNER CORRETORA DE VALORES S.A., a joint-stock company with its
headquarters in the City of Sao Paulo, State of Sao Paulo, at Avenida Paulista,
2.439, 11th floor, enrolled in the National Register of Legal Entities
(C.N.P.J.) under n(0). 00.806.535/0001-54, , representing, as fiduciary agent
and proxy of the Securities of the Forth Public Issue of Debentures, Not
Convertible Into Shares, with Collateral Guarantee and Suretyship, of Net
Servicos de Comunicacao S.A., in this act represented jointly by the owners of
the Debentures by Banco Itau S.A., as Collateral Agent;.

(2) THE BANK OF NEW YORK, a financial institution with its headquarters in New
York, at Braclay Street, 101, New York, Ny, 10286, as Trustee of owners of the
Net Sul Notes (according to the Creditors Agreement) in this act represented
jointly by the owners of Net Sul Notes and by Banco Itau S.A., as Collateral
Agent;

(3) THE BANK OF NEW YORK, a financial institution with its headquarters in New
York, at Braclay Street, 101, New York, Ny, 10286, as Trustee of the owners of
the Company Notes, (according to the Creditors Agreement) in this act
represented jointly by the owners of the Company Notes and by Banco Itau S.A.,
as Collateral Agent;

(4) BANCO DO BRASIL S.A., a financial institution duly organized and existing
according to the laws of Brazil, with its heaquarters in [ ], represented by
Banco Itau S.A., as Collateral Agent;

(5) BANCO ITAU BBA S.A., a financial institution duly organized and existing
according to the laws of Federative Republic of Brazil, with its heaquarters in
the city of Sao Paulo, in Sao Paulo State, at Praca Alfredo Egydio de Souza
Aranha, 100 - Torre Conceicao - 9th floor, enrolled in the National Register of
Legal Entities (C.N.P.J./MF) under n(0)17.298.092/0001-30, represented by Banco
Itau S.A., as Collateral Agent;

(6) BANKBOSTON BANCO MULTIPLO S.A., a financial institution duly organized and
existing according to the laws of Federative Republic of Brazil, with its
heaquarters in [ ], represented by Banco Itau S.A., as Collateral Agent;

(7) BANCO BRASCAN S.A., a financial institution duly organized and existing
according to the laws of Federative Republic of Brazil, with its heaquarters in
the city of Rio de Janeiro, at Avenida Almirante Barroso, 52 30th floor,
enrolled in the National Register of Legal Entities (C.N.P.J./MF) under
n(0)33.923.111/0001-29, represented by Banco Itau S.A., as Collateral Agent;

(8) UNIBANCO - UNIAO DE BANCOS BRASILEIROS S.A., a financial institution duly
organized and existing according to the laws of Federative Republic of Brazil,
with its heaquarters in the city and State of Sao Paulo, at Avenida Eusebio
Matoso, 891, enrolled in the National Register of Legal Entities (C.N.P.J./MF)
under n(0)33.700.394/0001-40, represented by Banco Itau S.A., as Collateral
Agent;

(9) BANCO DO ESTADO DO RIO GRANDE DO SUL S.A., a financial institution duly
organized and existing according to the laws of Brazil, with its heaquarters in
[ ], represented by Banco Itau S.A., as Collateral Agent;

(10) MARATHON FUND, L.P., a financial institution duly organized and existing
according to the laws of [ ], with its heaquarters in [ ], represented by Banco
Itau S.A., as Collateral Agent;

(11) BANCO UNICO S.A., new corporate name of Banco BNL do Brasil S.A., a
financial institution duly organized and existing according to the laws of
Federative Republic of Brazil, with its heaquarters in the city and State of Sao
Paulo, at Av. Paulista, 1.963, enrolled in the National Register of Legal
Entities (C.N.P.J./MF) under n(0)00.086.413/0001-30, represented by Banco Itau
S.A., as Collateral Agent;

(12) BANCO DE CREDITO NACIONAL S.A., a financial institution duly organized and
existing according to the laws of Brazil, with its heaquarters in [ ],
represented by Banco Itau S.A., as Collateral Agent;

<PAGE>

                                                                            -44-

                                                              SCHEDULE 3 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                                DEBT INSTRUMENTS

(1)   INDENTURE FOR THE FOURTH PUBLIC ISSUE OF DEBENTURES NOT CONVERTIBLE INTO
      SHARES WITH COLLATERAL GUARANTEE AND SURETYSHIP, BY NET SERVICOS DE
      COMUNICACAO S.A. dated as of [..../..../....] with Planner Corretora de
      Valores S.A. (Trustee), in the amount of [.....];

(2)   SECURITY INDENTURE FOR NET SUL COMUNICACOES LTDA., dated as of
      [..../..../....] and entered by The Bank of New York (Trustee), RELATIVE
      TO US$[ ] 7.0% SENIOR SECURED NOTES DUE 2009 AND THE U.S.$[ ] SENIOR
      SECURED FLOATING RATE NOTES DUE 2009 dated as of [..../..../....] and
      connected instruments, as such: PRIVATE INSTRUMENT OF DEBT CONFESSION,
      dated as of [..../..../....] with [Marathon Fund, L.P.] in the amount of
      [....], PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [UBS], in the amount of [....], PRIVATE INSTRUMENT
      OF DEBT Confession, dated AS OF [..../..../....] with [JP Morgan] in the
      amount of [....] and PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [Banco DO Espirito Santo - BES] in the amount of
      [....], PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of
      [..../..../....] with [Cargill] in the amount of [....], PRIVATE
      INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with [Banco do
      Brasil] in the amount of [....], PRIVATE INSTRUMENT OF DEBT CONFESSION,
      dated as of [..../..../....] with [Moneda] in the amount of [....];

(3)   SECURITY INDENTURE FOR NET SERVICOS DE COMUNICACAO S.A., dated as of
      [..../..../....] and entered by The Bank of New York (Trustee), RELATIVE
      TO US$76,593,068 7.0% SENIOR SECURED NOTES DUE 2009;

(4)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco do Brasil S.A. in the amount of [....] and corresponding to the
      Common Terms Agreement;

(5)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco do Brasil S.A. in the amount of [....] and corresponding to the
      Common Terms Agreement;

(6)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      do Itau BBA S.A. in the amount of R$ 61,144,097.23 and corresponding to
      the Common Terms Agreement;

(7)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      Itau BBA S.A. in the amount of R$ 4,509,403.14 and corresponding to the
      Common Terms Agreement;

(8)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 30/12/2004 with Banco
      Itau BBA S.A. in the amount of R$ 4,039,613.40 and corresponding to the
      Common Terms Agreement;

(9)   PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(10)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(11)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      BankBoston Banco Multiplo S.A. in the amount of [....] and corresponding
      to the Common Terms Agreement;

(12)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 27/12/2004 with Banco
      Brascan S.A. in the amount of R$ 19,270,986.76 and corresponding to the
      Common Terms Agreement;

(13)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with
      Unibanco - Uniao de Bancos Brasileiros in the amount of R$ 103,988,711.06
      and corresponding to the Common Terms Agreement;

(14)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with
      Unibanco - Uniao de Bancos Brasileiros in the amount of R$ 368,951.88 and
      corresponding to the Common Terms Agreement;

(15)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of 28/12/2004 with Banco
      Unico S.A. in the amount of R$ 20,541,104.80 and corresponding to the
      Common Terms Agreement;

(16)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Marathon Fund, L.P. in the amount of R$ [..........] and corresponding to
      The Common Terms Agreement;

(17)  PRIVATE INSTRUMENT OF DEBT CONFESSION, dated as of [..../..../....] with
      Banco de Credito Nacional S.A. in the amount of R$ [..........] and
      corresponding to the Common Terms Agreement;

<PAGE>

                                                              SCHEDULE 4 TO THE
                                                              RECEIVABLES PLEDGE
                                                              AGREEMENT WITH AN
                                                              ENFORCEMENT CLAUSE

                       COPY OF THE INTERCREDITOR AGREEMENT
<PAGE>

                                                             SCHEDULE 5 TO THE
                                                             RECEIVABLES PLEDGE
                                                             AGREEMENT WITH AN
                                                             ENFORCEMENT CLAUSE

                           LIST OF RECEIVABLES PLEDGED

<PAGE>

                                                             SCHEDULE 6 TO THE
                                                             RECEIVABLES PLEDGE
                                                             AGREEMENT WITH AN
                                                             ENFORCEMENT CLAUSE

                   CHARACTERISTICS OF THE SECURED OBLIGATIONS

     The estimated value for the Secured Obligations on the date hereof is
US$[        ] and R$[        ], which shall be increased by quarterly
remuneratory interest at the following maximum rates, as defined on the
respective Debt Instruments:

     - For debts in Brazilian Reais - CDI plus spread of 2% (two percent) per
       year between June 30th, 2004 and December 14th, 2005, and CDI plus spread
       of 3% (three percent) per year from December 15th, 2005 (including) until
       the final payment of such amount, and

     - For debts in American Dollars - fixed rate of 7% (c) quarterly LIBOR plus
       spread of 3% (three percent) per year.

     The amortization of the outstanding principal amount of the Debt Instrument
shall be as following: (i) 40% at the first 5 (five) days following the
effectiveness of the Debt Instruments and the remaining 60% shall be amortized
quarterly from 2006 until, at the most, 2010, starting on March 15th, 2006; or
(ii) 100% (one hundred percent) shall be amortized quarterly from 2006 until, at
the most, 2010, starting on March 15th, 2006, according to the terms and
conditions at the Debt Instruments.

<PAGE>

                                                             SCHEDULE 7 TO THE
                                                             RECEIVABLES PLEDGE
                                                             AGREEMENT WITH AN
                                                             ENFORCEMENT CLAUSE

                            COPY OF POWER OF ATTORNEY
               [MODEL - NET SHALL INCLUDE THE ORIGINAL AT CLOSING]

[May all those to whom this IRREVOCABLE PUBLIC POWER OF ATTORNEY shall come
that, on [        ], 2005, in this Capital of the State of Sao Paulo, there came

before me, notary public, [          ], hereinafter referred to as "Principals".
Principals declared that: (1) on the date hereof, they signed with certain
creditors, hereinafter referred to jointly as "Creditors", represented by
[         ], as collateral agent, hereinafter referred to as "Collateral Agent",
a private instrument named "Receivables Pledge Agreement with an Enforcement
Clause", hereinafter referred to as "Pledge Agreement"; (2) pursuant to article
684 of the Civil Code and exclusively for the purposes of the Pledge Agreement,
Principals grant to the Collateral Agent specific and restricted powers to, on
behalf of the Creditors, represent Principals before any and all Registries of
Deeds and Documents, as well as sign any and all documents, perform any and all
acts specifically and exclusively required for the registrations prescribed by
law and for the Pledge Agreement to be valid; (3) since this public power of
attorney is granted in the interest of Creditors and as a condition precedent
for the business established in the Pledge Agreement and in the agreements
related thereto, this public power of attorney is IRREVOCABLE; (4) this public
power of attorney, as a rule, shall be used before third parties for the
Collateral Agent to perform the registration acts indicated above on behalf

<PAGE>

                                                                           - 2 -

of Creditors, whereupon Principals shall not be required to directly perform any
acts other than the granting of this public power of attorney; (5) the powers
granted to the Collateral Agent hereunder shall only be extinguished upon
expiration and termination of the Pledge Agreement. In the event of replacement
of the Collateral Agent, the latter is hereby authorized to delegate such powers
to the institution that shall become the new collateral agent. After read by all
parties, Principals sign this irrevocable public power of attorney.]

<PAGE>

                                                             SCHEDULE 8 TO THE
                                                             RECEIVABLES PLEDGE
                                                             AGREEMENT WITH AN
                                                             ENFORCEMENT CLAUSE

        LIST OF ACTIONS, PROCEDURES, LIENS, ENCUMBRANCES AND RESTRICTIONS

I. JUDICIAL PROCEEDINGS
<TABLE>
<CAPTION>
   OPERATOR        PLAINTIFF IN       SUBJECT      OBSERVATIONS
                ENFORCEMENT ACTION    MATTER
                        NO.
<S>             <C>                   <C>         <C>
 NET SAO PAULO  FEDERAL GOVERNMENT       Tax
                1999.61.82.053713-2
                6th Lower Court of
                Federal Tax
                Enforcements

 NET SAO PAULO  MUNICIPALITY             Tax      Attachment of
                705.673-7/97-8                    different assets
                1st Lower Court of                that make up the
                Municipal Tax                     network.
                Enforcements  - SP

                FEDERAL GOVERNMENT       Tax
NET SAO PAULO   2004.61.04.008510-2
(SANTOS BRANCH) 5th Lower Federal
                Court in Santos

 NET SAO JOSE   STATE OF SAO PAULO       Tax      Cable network
   RIO PRETO    20.497/01                         attachment.
                Ancillary Service
                of the SJRPRETO
                Internal Revenue

 NET SERVICOS   FEDERAL GOVERNMENT       Tax
                2004.61.82.037766-7
                5th Lower Court of
                Federal Tax
                Enforcements  - SP

 NET SERVICOS   FEDERAL GOVERNMENT       Tax
                2004.61.82.051947-4
                5th Lower Court of
                Tax Enforcements
                - SP

 NET SERVICOS   UNIBANCO                Loan
                000.02.222752-0,      Agreement
                16th Lower Civil
                Court of the
                Central Courts  -
                SP

    NET RIO     STATE OF RIO DE          Tax
                JANEIRO
                2001/100-004.229-8
                      Motion to
                Stay Execution No.
                2004.001.044.800-3
                11th  Rio de
                Janeiro Internal
                Revenue Service.

    NET RIO     STATE OF RIO DE          Tax      Attachment of 5%
                JANEIRO                           of Net Rios's
                2001/100-004.230-4                monthly
                11th  Rio de                      revenues.
                Janeiro Internal
                Revenue Service.
</TABLE>

<PAGE>
<TABLE>
<S>             <C>                   <C>         <C>
    NET RIO     STATE OF RIO DE          Tax
                JANEIRO                                 Attachment
                2001/100-004.231-6                of Net Rio's
                11th  Rio de                      revenues.
                Janeiro Internal
                Revenue Service.

    NET RIO     STATE OF RIO DE          Tax
                JANEIRO
                2003/100.000.355-8
                11th Rio de
                Janeiro Internal
                Revenue Service.
</TABLE>

II. ADMINISTRATIVE PROCEEDINGS:

<TABLE>
<CAPTION>
   Operator        Tax Authority       Subject       Observations
                  Proceeding No.       Matter
<S>             <C>                   <C>         <C>
 NET SAO PAULO  Federal Revenue          Tax
                Office
                AI 52385

 NET SAO PAULO  Federal Revenue          Tax
                Office
                AI 00503

NET SAO PAULO   Federal Revenue          Tax
                Office
                AI 1998.00902-7

 NET SAO PAULO  08.1.81912-35
                Federal Revenue          TAX
                Office

 Cabodinamica   Federal Revenue          Tax
                Office
                08.109000/03695/03

 CABODINAMICA   Federal Revenue          Tax
                Office
                08.109000/03695/03

    NET RIO     Rio de Janeiro           Tax
                Internal Revenue
                Service
                E-04/603.358/94
                AI n. 791.691

    NET RIO     Rio de Janeiro
                Internal Revenue         TAX
                Service
                E-04/146.770/97
                AI 01.041552-9

    NET RIO     Rio de Janeiro
                Internal Revenue         TAX
                Service.
                AI 01.049922-6
                E-04.177.374/98
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
<S>             <C>                   <C>         <C>
    NET RIO     Rio de Janeiro           Tax
                Internal Revenue
                Service
                AI 01.053492-3
                E-04.147.573/97

                                         Tax
    NET RIO     RIO DE JANEIRO
                INTERNAL REVENUE
                SERVICE.
                E - 04/085.241/2002
                Infraction Notice
                No. 03.007333-2

    NET RIO     Federal Revenue          Tax
                Office
                15374.001438/99-84

    NET RIO     Federal Revenue          Tax
                Office
                04203/02-A

    NET RIO     Federal Revenue          Tax
                Office
                04203/02-B

    NET RIO     Federal Revenue          Tax
                Office
                04203/02-C

  MULTICANAL    Federal Revenue          Tax
                Office
                AI n.
                15374.004005/2001-20

  DR (Porto     Federal Revenue          Tax
    Alegre)     Office
                 11080.013354/
                2002-68

  DR (Porto     Federal Revenue          Tax
    Alegre)     Office
                11080-013.353/2002-13

    NET SUL     Municipality of          Tax
                Porto Alegre
                0085/98

   NET BELO     Federal Revenue          Tax
   HORIZONTE    Office
                0610100/01055/03
</TABLE>

III. AGREEMENTS:

<TABLE>
<CAPTION>
Operator      Encumbered     Type of    Contract benefiting from
              Properties     Lien       the Lien
<S>           <C>            <C>        <C>
NET CAMPINAS  3,073 Feet of  ConditionalFinancing Agreement with
</TABLE>

<PAGE>

<TABLE>
<S>           <C>            <C>        <C>
              RG/ Coaxial    Sale       Transfer of Loan in
              MT cables,                Foreign Currency - BONY
              year of                   signed with UNIBANCO -
              manufacture               Uniao de Bancos
              1998,                     Brasileiros S/A., filed
              Manufacturer              with the 1st Registry of
              CommScope,                Deeds and Documents of
              Inc.                      Campinas - SP, microfilm
                                        No. 283301, value: US$
                                        364,116.59

NET           Attenuators,   ConditionalFinancing Agreement with
CAMPINAS      Equalizers,    Sale       Transfer of Loan in
              Amplifiers                Foreign Currency - BONY
              and Carcass               signed with UNIBANCO -
              for                       Uniao de Bancos
              Amplifiers,               Brasileiros S/A., filed
              year of                   with the 1st Registry of
              manufacture               Deeds and Documents of
              1998,                     Campinas - SP, microfilm
              Manufacturer:             No. 283302, value: US$
              Scientific                635,800.07
              Atlanta, Inc.

              Attenuators,   ConditionalFinancing Agreement with
NET           Equalizers,    Sale       Transfer of Loan in
CAMPINAS      Amplifiers                Foreign Currency - BONY
              and Carcass               signed with UNIBANCO -
              for                       Uniao de Bancos
              Amplifiers,               Brasileiros S/A., filed
              year of                   with the 1st Registry of
              manufacture               Deeds and Documents of
              1998,                     Campinas - SP, microfilm
              Manufacturer:             No. 283303, value: US$
              Scientific                342,868.14
              Atlanta, Inc.
</TABLE>

IV. NONPARTICIPATING DEBT, AS DEFINED IN THE INTERCREDITOR AGREEMENT:

<PAGE>

                                                              SCHEDULE 9 TO THE

                                                              RECEIVABLES PLEDGE

                                                              AGREEMENT WITH AN

                                                              ENFORCEMENT CLAUSE

                          MODEL OF THE TERM OF ADHESION

                                TERM OF ADHESION

This Term of Adhesion, dated [    ] (the "TERM"), is entered into by and between
the parties below (the "PARTIES"):

      (a) NET SERVICOS DE COMUNICACAO S.A., a joint-stock company with its
headquarters in the City and State of Sao Paulo, at Rua Verbo Divino, 1356,
Chacara Santo Antonio, enrolled in the National Register of Legal Entities
(C.N.P.J.) under No. 00.108.786/0001-65 (the "COMPANY"), herein represented
pursuant to its Bylaws by its directors, Messrs. [    ] and [    ];

      (b) The Company's subsidiaries listed on "Schedule A" to this Term (the
"SUBSIDIARIES" and collectively with the Company, the "NET GROUP"), herein
represented by the Company;

      (c) Banco ITAU S.A., a financial institution with its headquarters in the
City and State of Sao Paulo, at Praca Alfredo Egydio Souza Aranha, 100, Torre
Itausa, enrolled in the National Register of Legal Entities (C.N.P.J.) under No.
60.701.190/0001-04, in the capacity of collateral agent (the "COLLATERAL
AGENT"), herein represented pursuant to its

<PAGE>

Bylaws;

      (d) Each of the financial institutions listed and identified on "Schedule
B" to this Term (the "CREDITORS"), herein represented by the Collateral Agent;
and

      (e) [    ], a financial institution with its headquarters in the City of
[    ], State of [    ], at [    ], enrolled in the National Register of Legal
Entities (C.N.P.J.) under No. [    ] (the "JOINING CREDITOR"),

WHEREAS:

(a) The Company, the Subsidiaries mentioned in each of the agreements listed
below, the Collateral Agent, on its own behalf and on behalf of the creditors
mentioned in the agreements below, and the Creditors, as applicable, have
executed the following agreements:

      (i) The Intercreditor Agreement, dated [    ];

      (ii) The Receivables Pledge Agreement with an Enforcement Clause, dated
      [    ], referring to the receivables and credit rights of Net Sao Paulo
      Ltda. and the Receivables Pledge Agreement with an Enforcement Clause
      dated [    ], referring to the receivables and credit rights of Net Rio
      S.A. ("RECEIVABLES PLEDGE AGREEMENTS");

      (iii) The Share Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [    ] ("SHARE PLEDGE AGREEMENT");

      (iv) The Quota Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [    ] ("QUOTA PLEDGE AGREEMENT"); and

<PAGE>

      (v) The Asset Pledge Agreement with an Amicable Sale Clause and Other
      Covenants, dated [ ] ("ASSET PLEDGE AGREEMENT", collectively with the
      Receivables Pledge Agreements, the Share Pledge Agreement, the Quota
      Pledge Agreement and the Intercreditor Agreement, the "PLEDGE DOCUMENTS");

(b) The Pledge Documents allow for the adhesion of new creditors of the Net
Group, subject to the rules and restrictions of the Debt Instruments (as defined
in the Pledge Documents);

(c) On [    ], the Joining Creditor entered into with [    ](1), the [loan
agreement] (the "NEW DEBT INSTRUMENT")

(d) The Joining Creditor wishes to adhere to the Pledge Documents, in order to
share with the Creditors the guarantees granted by the Net Group by means of the
Pledge Documents, subject to all the terms and conditions set out therein, to
the effect that the Pledge Documents also secure the obligations of the Net
Companies ensuing from the New Debt Instrument; and

(e) The Net Group represents and warrants that this adhesion of the Joining
Creditor is made strictly in accordance with the terms and conditions of the
Debt Instruments (as defined in the Pledge Documents) and of the Pledge
Documents.

NOW THEREFORE, the Parties resolve to enter into this Term, which shall be
governed by the following terms and conditions:

----------

(1) INCLUDE NAME OF THE NET COMPANIES THAT ARE PARTIES TO THE NEW CREDIT
INSTRUMENT.

<PAGE>

1. - Upon execution of this Term, the Joining Creditor declares to be totally
aware of each of the Pledge Documents, to which it hereby adheres without any
restrictions, and irrevocably and irreversibly undertakes to comply with all the
terms, conditions and obligations established therein. Accordingly, the Pledge
Documents will also secure the obligations assumed by the Net Companies as a
result of the New Credit Instrument.

2. - For all purposes and effects of the Pledge Documents, the Joining Creditor
shall have the same rights and obligations as the other Creditors under the
Pledge Documents without any reservations and/or limitations except those
expressly set forth in the Intercreditor Agreement.

3. - As an essential condition for the transactions contemplated in this Term,
the Pledge Documents, the Debt Instruments and in accordance with Article 684 of
the Brazilian Civil Code, the Joining Creditor hereby irrevocably and
irreversibly appoints and constitutes the Collateral Agent, as further
identified in the preamble of this Term, as its attorney-in-fact to take any and
all of the following measures, acting on behalf of the Joining Creditor:

      (a) to take any actions on behalf of the Joining Creditor, as Collateral
Agent, and to exercise such powers and decisions under the Pledge Documents as
are delegated to it by this Term and the Pledge Documents, as well as to
exercise all other powers and decisions required for the full compliance with
this instrument, subject to applicable law;

      (b) to act as its attorney-in-fact with any and all powers required for
the exercise of the rights relating to the Collateral in connection with which
any lien is or may be created, as defined in the relevant Debt Instrument,
including the power to dispose of the Collateral according to the provisions of
the Pledge Agreements, and to represent the Creditors before the National
Telecommunications Agency - Anatel, the Administrative Economic Defense Council
- CADE and any Registries of Deeds and Documents, Real Estate Registries and
Boards of Trade.

      (c) to act as its attorney-in-fact with any and all powers required for
the exercise

<PAGE>

of its rights ensuing from this Term or the Pledge Documents, including the
necessary powers to allow the Collateral Agent to retain attorneys to represent
the Joining Creditor before any court, tribunal or arbitration court, it being
certain and agreed that the Joining Creditor hereby expressly authorizes the
Collateral Agent to grant to such attorneys any and all ad judicia et extra
powers that shall be required under the applicable legislation to assure the
valid representation of the Joining Creditors' interests before any court,
tribunal or arbitration court;

      (d) to act as attorney-in-fact for the purpose of receiving any judicial
or extrajudicial notice addressed to the Joining Creditor, or any summons and
service of process; and

      (e) to act as attorney-in-fact with any and all powers required for the
purpose of executing, delivering and, to the extent necessary, registering (i)
any Term of Adhesion according to the terms and conditions of this Term and the
Pledge Agreements, and (ii) any document, notice, waiver, declaration of
compliance, instrument of release, amendment, discharge and/or release of
guarantees and, if necessary, release of any liens on the Collateral, according
to the terms and conditions set out in this Term and the Transaction Documents.

4. - This Term of Adhesion shall be deemed to be an integral part of the
Intercreditor Agreement and of the other Pledge Documents on the date that this
Term of Adhesion is filed with the Registries of Deeds and Documents and with
the Real Estate Registration Offices. In order for the Term of Adhesion to be
effective and be considered as an integral part of the Intercreditor Agreement
and of the Pledge Agreements, the Joining Creditor shall register it at the
competent Registry of Deeds and Documents and Real Estate Registry and shall,
within at most 5 (five) business days of the date of said registration send
certified copies evidencing such registration to the Collateral Agent and Net
Servicos.

<PAGE>

5. - This Term shall be signed in the same number of counterparts as each of the
Pledge Documents.

5.1. - Upon execution of this Term, the Parties expressly agree that each of the
Pledge Documents was automatically amended to reflect the adhesion of the
Joining Creditor and the New Debt Instrument. For such purpose, the Parties
agree that the exhibits of each of the Pledge Documents listed below is hereby
supplemented by the documents attached hereto, as indicated below:

      (a) "Schedule 2" to the Intercreditor Agreement, "Schedule 2" to the Asset
Pledge Agreement, "Schedule 2" to the Share Pledge Agreement, "Schedule 2" to
the Quota Pledge Agreement and "Schedule 2" to the Receivables Pledge Agreements
are supplemented by "Schedule 2" to this Term;

      (b) "Schedule 3" to the Intercreditor Agreement, "Schedule 3" to the Asset
Pledge Agreement, "Schedule 3" to the Share Pledge Agreement, "Schedule 3" to
the Quota Pledge Agreement and "Schedule 3" to the Receivables Pledge Agreements
are supplemented by "Schedule 3" to this Term; and

      (c) "Schedule 6" to the Asset Pledge Agreement, "Schedule 6" to the Share
Pledge Agreement, "Schedule 6" to the Quota Pledge Agreement and "Schedule 6" to
the Receivables Pledge Agreements are supplemented by "Schedule 6" to this Term;

6. - As of the respective registrations of this Term, the new schedules listed
in Clause 5.1 above shall be automatically considered as an integral part of
each of the Pledge Documents, and: (i) the New Debt Instrument shall be deemed,
for all purposes, the Debt Instrument, as defined in the Pledge Documents, (ii)
the Joining Creditor shall be considered, for all due purposes, as the Creditor,
as defined in the Pledge Documents, and (iii) the Collateral Agent shall
consider the credit of the Joining Creditor referring to the

<PAGE>

New Debt Instrument for all purposes and effects of the Intercreditor Agreement.

7. - This Term of Adhesion shall not be deemed a novation of any of the terms
and conditions of the Pledge Documents.

IN WITNESS WHEREOF, the Parties - binding themselves and their successors - sign
this Term in the presence of 2 (two) undersigned witnesses.

                                   Sao Paulo, [ ]

                                          NET SERVICOS DE COMUNICACAO S.A.

                                          -------------------------------------
                                          Name:                     Name:

                                          Title:                    Title:

                                          BANCO ITAU S.A.

                                          --------------------------------------
                                          Name:                     Name:

                                          Title:                    Title:
Witnesses:

1. -
      -------------------------

      Name:

      Identity Card (RG):

2. -  -------------------------

      Name:

      Identity Card (RG):

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