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Table of Contents 

 

Exhibit 4.7

 

THIRD AMENDMENT TO THE SERVICES AGREEMENT AND OTHER COVENANTS

 

By this private instrument, and in the best terms of law, the Parties hereinbelow, to wit 

 

Empresa Brasileira de Telecomunicações S.A. - EMBRATEL, headquartered at Avenida Presidente Vargas, 1.012, in the city and state of Rio de Janeiro, Corporate Taxpayer’s ID (CNPJ/MF) 33.530.486/0001-29, hereby represented by Marcelo da Silva Miguel, Individual Taxpayer’s ID (CPF/MF) 797.011.597-72, hereinafter referred to as EMBRATEL; and,

 

NET Serviços de Comunicação S/A, headquartered at Rua Verbo Divino, 1356, in the city and state of São Paulo, Corporate Taxpayer’s ID (CNPJ/MF) 00.108.786/0001-65, and its subsidiaries ("NET Operations"), duly listed in the Exhibit I to the present amended contract, all of them represented by José Antônio Guaraldi Félix, Individual Taxpayer’s ID 140.448.620-87 and João Adalberto Elek Júnior, Individual Taxpayer’s ID 550.003.047-72, hereinafter referred to as NET;

 

NET and EMBRATEL severally designated as Party and jointly as Parties.

 

WHEREAS:

 

(I) On December 07, 2006, the Parties entered into the Services Agreement and Other Covenants ("Agreement"), its first amendment in 07/31/2007 and its second amendment in 04/10/2008, providing for certain obligations in order to make feasible the rendering of voice services by EMBRATEL to its end customers

 

(II) The list of NET’s subsidiaries must be updated, in order to include the companies expressly named in this Amendment; 

 

They resolve to enter into this present Third Amendment to the Services Agreement and Other Covenants ("Agreement"), which shall be ruled by applicable regulation and by following conditions:

 

1. Purpose

 

1.1. This Amendment aims at including, in the Exhibit I to this Agreement, NET’s subsidiaries, as follows: 

 

“(i) Companies which became NET’s subsidiaries in 06/11/2007:

 

- JACAREÍ CABO S/A, a corporation under private law, headquartered at Rua Alfredo Schurig, 37, in the city of Jacareí, State of São Paulo, Corporate Taxpayer’s ID 04.365.781/0001-79;

 

- VIVAX LTDA., a corporation under private Law, headquartered at Av. José Meneghel, 65, sala 7, in the city of Americana, State of São Paulo, Corporate Taxpayer’s ID 01.402.946/001-47, and 

 

- 614 TVH VALE LTDA., a corporation under private Law, headquartered at Av. São João, 1046, in the city of São José dos Campos, State of São Paulo, Corporate Taxpayer’s ID  03.004.079/0001-17. 

 

“(ii) Companies which became NET’s subsidiaries in 29/12/2008:

 

 

 

- TV A CABO CASCAVEL LTDA., a corporation headquartered at Rua São Paulo, 1304, in the city of Cascavel, State of Paraná, Corporate Taxpayer’s ID 02.973.424/0001-68;

 

- TV A CABO GUARAPUAVA LTDA., a corporation headquartered at Rua Conselheiro Jesuíno Marcondes, 2070, Santa Cruz, in the city of Guarapuava, State of Paraná, Corporate Taxpayer’s ID 92.370.131/0001-25; 

 

- TV JACARANDÁ LTDA., a corporation headquartered at Rua Dr. Paula Xavier, 655, Centro, in the city of Ponta Grossa, State of Paraná, Corporate Taxpayer’s 02.215.698/0001-98 and Branch at Praça Raposo Tavares, 378, in the city of Cianorte, State of Paraná, Corporate Taxpayer’s ID 02.215.698/0002-79;

 

- 614 TVP JOÃO PESSOA S/A., a corporation headquartered at Rua Verbo Divino, 1356, 2o andar, Chácara Santo Antônio, in the city of São Paulo, State of São Paulo, Corporate Taxpayer’s ID 03.004.081/0001-96 and Branch at Avenida Estevão Gerson da Cunha, 145, Bl. 10, BR 230KM, Água Fria, João Pessoa, Paraíba, Corporate Taxpayer’s ID 03.004.081/0002-77;

 

- 614 TVG GUARULHOS S.A., a corporation headquartered at Avenida Doutor Timóteo Penteado, 2340/2344, Vila Hulda, in the city of Guarulhos, State of São Paulo, Corporate Taxpayer’s ID 02.998.957/0001-02; 

 

- 614 TVT MACEIÓ S.A., a corporation headquartered at rua Verbo Divino, 1356, 2o andar, sala 03, Chácara Santo Antônio, in the city and State of São Paulo, Corporate Taxpayer's ID 02.998.932/0001-09 and Branch at Rua Industrial Moacir Duarte, 49, Mangabeiras, Maceió, Alagoas, Corporate Taxpayer's ID 02.998.932/0002-81;

 

- TVC OESTE PAULISTA LTDA., a corporation headquartered at Avenida Rio Branco, 1441, Salgado Filho, in the city of Marília, State of São Paulo, Corporate Taxpayer’s ID 61.500.088/0001-03 (a company incorporated by Net Serviços de Comunicação S/A in 04/30/2009).

 

“(iii) Companies which became NET’s subsidiaries in 06/30/2009:

 

- ESC 90 TELECOMUNICAÇÕES LTDA., a corporation headquartered in the city of Vitória, State of Espírito Santo, at Av. Desembargador Santos Neves, 1.469, Praia do Canto, Corporate Taxpayer’s ID 02.156.312/0001-14.”

 

1.2. The information of the following “NET” companies, already included in this Agreement are now updated:

 

“a) Replacing companies Net Florianópolis Ltda., Net Florianópolis Ltda.  – Piracicaba Branch, Net Florianópolis Ltda. - Joinville Branch, for branches of the company NET SERVIÇOS DE COMUNICAÇÃO S/A:

 

FLORIANÓPOLIS Branch, a corporation headquartered in the city of Florianópolis, State of Santa Catarina, at Avenida Rio Branco, 808, party, Corporate Taxpayer’s ID 00.108.786/0035-04;

 

- PIRACICABA Branch, a corporation headquartered in the city of Piracicaba, State of São Paulo, at Avenida Independência, 3552, party, Corporate Taxpayer’s ID 00.108.786/0090-30;

 

 

 

 

- JOINVILLE Branch, a corporation headquartered in the city of Joinville, State of Santa Catarina, at Rua Presidente Campos Salles, 228, Corporate Taxpayer’s ID 00.108.786/0040-71.”

 

1.3. Due to the inclusions mentioned above, the Parties, in agreement, replace Exhibit I by the one attached to this Amendment, which, being duly signed, is part of this Agreement.

 

2. General Provisions

 

2.1. All terms starting with capital letters in this Amendment will have the meaning established for them in the Agreement, except when there is an express definition in this Amendment.

 

2.2. All provisions of the Agreement which were not expressly changed by this Amendment remain in force and effective.

 

Rio de Janeiro, September 25, 2009.

 

 

 

 

		/s/ Marcello da Silva Miguel	
		
EMBRATEL

Marcello da Silva Miguel

Individual Taxpayer’s ID: 797.011.597-72

	
			
	/s/ José Antônio Guaraldi Félix		/s/ João Adalberto Elek Júnior 
	José Antônio Guaraldi Félix 

Individual Taxpayer’s ID 140.448.620-87	NET	João Adalberto Elek Júnior 

Individual Taxpayer’s ID: 550.003.047-72

 

 

Witnesses:

 

 

 

	
1-_/s/_Alexandre Gomes da Silva_________

	
2-_/s/_Marcelo Parraga_______

	
Name: Alexandre Gomes da Silva

	
Name: Marcelo Parraga

	
Individual Taxpayer’s ID: 449 976 126-34

	
Individual Taxpayer’s ID: 480.396.910-87

 

 

 

 

EXHIBIT I

NET Operations

 

 

NET ANÁPOLIS LTDA., headquartered in the city of Anápolis, State of Goiás, at Rua Senai, 179, Corporate Taxpayer’s ID 33.584.277/0001-68;

NET ARAPONGAS LTDA., headquartered in the city of Arapongas, State of Paraná, at Rua Marabú, 542, Corporate Taxpayer’s ID 81.897.118/0001-66;

NET BAURU LTDA., headquartered in the city of Bauru, State of São Paulo, at Avenida Duque de Caxias, 4-66, Corporate Taxpayer’s ID 64.083.561/0001-84;

NET BELO HORIZONTE LTDA., headquartered in the city of Belo Horizonte, State of Minas Gerais, at Avenida Renascença, 515, Corporate Taxpayer’s ID 38.738.308/0001-01;

NET BRASÍLIA LTDA., headquartered in Brasília, Federal District, at SIG/Sul Quadra 01, 725, Corporate Taxpayer’s ID 26.499.392/0001-79;

NET CAMPINAS LTDA., headquartered in the city of Campinas, State of São Paulo, at Avenida Marechal Rondon, 2.600, térreo, 1o andar, party, and storehouse/warehouse, Corporate Taxpayer’s ID 61.698.510/0001-84; 

NET CAMPO GRANDE LTDA., headquartered in the city of Campo Grande, State of Mato Grosso do Sul, at Avenida Afonso Pena, 3.004, Corporate Taxpayer’s ID 24.615.965/0001-57; 

NET FRANCA LTDA., headquartered in the city of Franca, State of São Paulo, at Rua Carmem Irene Batista, 2.837, Corporate Taxpayer’s ID 60.348.414/0001-38; 

NET GOIÂNIA LTDA., headquartered in the city of Goiânia, State of Goiás, at Rua 15, Quadra j-15, Lote 08, Corporate Taxpayer’s ID 33.659.475/0001-43; 

NET INDAIATUBA LTDA., headquartered in the city of Indaiatuba, State of São Paulo, at Rua 11 de Junho, 1.849/1.853, Corporate Taxpayer’s ID 58.393.695/0001-07;

NET LONDRINA LTDA., headquartered in the city of Londrina, State of Paraná, at Rua Santos, 737, Corporate Taxpayer’s ID 80.924.459/0001-10;

NET MARINGÁ LTDA., headquartered in the city of Maringá, State of Paraná, at Avenida Nóbrega, 494, Zona 04, Corporate Taxpayer’s ID 81.712.416/0001-34;

NET PARANÁ COMUNICAÇÕES LTDA., headquartered in the city of Curitiba, State of Paraná, at Rua Paulo Graeser Sobrinho, 557, Corporate Taxpayer’s ID 84.922.681/0001-35; and its branches.

NET RIBEIRÃO PRETO LTDA., headquartered in the city of Ribeirão Preto, State of São Paulo, at Rua Antônio Fernandes Figueroa, 1.675, Corporate Taxpayer’s ID 64.807.456/0001-40;

NET RIO LTDA., headquartered in the city of Rio de Janeiro, State of Rio de Janeiro, at Rua Vilhena de Morais, 380, bloco 2, sala 201, with annexes, Barra da Tijuca, Corporate Taxpayer's 28.029.775/0001-09;

NET SÃO CARLOS LTDA., headquartered in the city of São Carlos, State of São Paulo, at Rua Major José Inácio, 2.500, Corporate Taxpayer’s ID 57.724.759/0001-34; 

NET SÃO JOSÉ DO RIO PRETO LTDA., headquartered in the city of São José do Rio Preto, State of São Paulo, at Rua Lafaiete Spínola de Castro, 1.922, Corporate Taxpayer’s ID 69.082.832/0001-09; 

NET SÃO PAULO LTDA., headquartered in the city of São Paulo, state of São Paulo, at Rua Verbo Divino, 1356, térreo, blocos 1 e 2, Chácara Santo Antônio, Corporate Taxpayer’s ID 65.697.161/0001-21 and its branch NET Santos, headquartered at Rua General Francisco Glicério, 647, José Menino, Santos/SP, Corporate Taxpayer’s ID 65.697.161/0019-50;

NET SERVIÇOS DE COMUNICAÇÃO S/A, headquartered at Rua Verbo Divino, 1356, in the city and State of São Paulo, Corporate Taxpayer's ID 00.108.786/0001-65, and its branches:

 

 

 

- JUNDIAÍ Branch, a company headquartered in the city of Jundiaí, State of São Paulo, at Rua Professor João Batista Curado, 151, Anhangabaú, Corporate Taxpayer’s ID 00.108.786/0031-80;

 

- VALINHOS Branch, a company headquartered in the city of Valinhos, State of São Paulo, at Rua Lourenço Ferrari, 387, party, Jardim Manacas, Corporate Taxpayer’s ID 00.108.786/0121-71;

 

- BOTUCATU Branch, a company headquartered in the city of Botucatu, State of São Paulo, at Rua Antonio Ferrucio Mori, 207, party, Jardim Manacas, Corporate Taxpayer’s ID 00.108.786/0120-90;

 

- SERTÃOZINHO Branch, a company headquartered in the city of Sertãozinho, State of São Paulo, at Rua Antônio Malaquias Pedroso, 1433, party, Centro.

                   

- JAÚ Branch, a company headquartered in the city of Jaú, State of São Paulo, at Avenida Nenê Galvão, 2871, party, Jardim Ferreira Di.

 

FLORIANÓPOLIS Branch, a company headquartered in the city of Florianópolis, State of Santa Catarina, at Avenida Rio Branco, 808, party, Corporate Taxpayer’s ID 00.108.786/0035-04;

 

- PIRACICABA Branch, a company headquartered in the city of Piracicaba, State of São Paulo, at Avenida Independência, 3552, party, Corporate Taxpayer’s ID 00.108.786/0090-30;

 

- JOINVILLE Branch, a company headquartered in the city of Joinville, State of Santa Catarina, at Rua Presidente Campos Salles, 228, Corporate Taxpayer’s ID 00.108.786/0040-71. 

 

- MARÍLIA Branch, a company headquartered at Avenida Rio Branco, 1441, party, Salgado Filho, in the city of Marília, State of São Paulo, Corporate Taxpayer’s ID 00.108.786/0122-52.

 

NET SOROCABA LTDA., headquartered in the city of Sorocaba, state of São Paulo, at Av. Antônio Carlos Comitre, 1074, esquina com Rua Pedro Mofina, 81, Corporate Taxpayer’s ID 64.637.903/0001-60 

NET SUL COMUNICAÇÕES LTDA., headquartered in the city of Porto Alegre, state of Rio Grande do Sul, at Rua Silveiro, 1111, Corporate Taxpayer’s ID 73.676.512/0001-46;

TELEVISÃO A CABO CRICIÚMA LTDA., headquartered in the city of Criciúma, state of Santa Catarina, at Rua Joaquim Nabuco, 458, Corporate Taxpayer’s  ID 80.168.321/0001- 39;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA., headquartered in the city of Porto Alegre, state of Rio Grande do Sul, at Rua Silveiro, 1111, Corporate Taxpayer’s ID 93.088.342/0001-96;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - BAGÉ, located in the city of Bagé, state of Rio Grande do Sul, at Rua Sete de Setembro, 1300, Corporate Taxpayer’s ID 93.088.342/0006-09;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - BENTO GONÇALVES, located in the city of Bento Gonçalves, state of Rio Grande do Sul, at Rua Domingos Paganelli, 100, Corporate Taxpayer’s ID 93.088.342/0044-26;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - BLUMENAU, located in the city of Blumenau, state of Santa Catarina, at Av. Brasil, 60, Corporate Taxpayer’s ID 93.088.342/0031-01; 

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - CAPÃO DA CANOA, located in the city of Capão da Canoa, state of Rio Grande do Sul, at Rua Andira, 625, Corporate Taxpayer’s ID 93.088.342/0040-00

 

 

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - CAXIAS DO SUL, located in the city of Caxias do Sul, state of Rio Grande do Sul, at Rua Os Dezoito do Forte, 1236, Corporate Taxpayer’s ID 93.088.342/0033-73;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - CHAPECÓ, located in the city of Chapecó, state of Santa Catarina, at Rua Nereu Ramos, 237, Corporate Taxpayer’s ID 93.088.342/0012-49;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - ERECHIM, located in the city of Erechim, state of Rio Grande do Sul, at Rua Soledade, 277, Corporate Taxpayer’s ID 93.088.342/0009-43;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - FARROUPILHA, located in the city of Farroupilha, state of Rio Grande do Sul, at Rua Tiradentes, 607, Corporate Taxpayer’s ID 93.088.342/0039-69;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - LAJEADO, a company located in the city of Lajeado, state of Rio Grande do Sul, at Rua Sete de Setembro, 184, sala 101, Corporate Taxpayer’s ID 93.088.342/0042-64;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - NOVO HAMBURGO, located in the city of Novo Hamburgo, state of Rio Grande do Sul, at Rua Gomes Portinho, 619, Corporate Taxpayer’s ID 93.088.342/0036-16;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - PASSO FUNDO, located in the city of Passo Fundo, state of Rio Grande do Sul, at Rua Fagundes Reis, 654, Corporate Taxpayer’s ID 93.088.342/0019-15;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - PELOTAS, located in the city of Pelotas, state of Rio Grande do Sul, at Rua Padre Anchieta, 2226, Corporate Taxpayer’s ID 93.088.342/0023-00;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - RIO GRANDE, located in the city of Rio Grande, state of Rio Grande do Sul, at Rua República do Líbano, 284, Corporate Taxpayer’s ID 93.088.342/0008-62;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - SANTA CRUZ DO SUL, located in the city of Santa Cruz do Sul, state of Rio Grande do Sul, at Rua Marechal Deodoro, 1008, Corporate Taxpayer’s ID 93.088.342/0017-53;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - CRUZ ALTA, located in the city of Cruz Alta, state of Rio Grande do Sul, at Rua Pinheiro Machado, 1157, Corporate Taxpayer’s ID 93.088.342/0035-35;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - SANTA MARIA, located in the city of Santa Maria, state of Rio Grande do Sul, at Rua Visconde de Pelotas, 2122, Corporate Taxpayer’s ID 93.088.342/0037-05;

DR EMPRESA DE DISTRIBUIÇÃO E RECEPÇÃO DE TV LTDA. - URUGUAIANA, located in the city of Uruguaiana, state of Rio Grande do Sul, at Rua Domingos de Almeida, 1727, Corporate Taxpayer’s ID 93.088.342/0034-54;

- JACAREÍ CABO S/A, located at Rua Alfredo Schurig, 37, in the city of Jacareí, State of São Paulo, Corporate Taxpayer’s ID 04.365.781/0001-79;

VIVAX LTDA., located in the city of Americana, state of São Paulo, at Av. José Meneghel, 65, sala 7, Corporate Taxpayer’s ID 01.402.946/0001-47, and its branches;

614 TVH VALE LTDA., located in the city of São José dos Campos, state of São Paulo, at Av. São João, 1046, Corporate Taxpayer’s ID 03.004.079/0001-17;

- TV A CABO CASCAVEL LTDA., a corporation headquartered at Rua São Paulo, 1304, in the city of Cascavel, State of Paraná, Corporate Taxpayer’s ID 02.973.424/0001-68;

- TV A CABO GUARAPUAVA LTDA., a corporation headquartered at Rua Conselheiro Jesuíno Marcondes, 2070, Santa Cruz, in the city of Guarapuava, State of Paraná, Corporate Taxpayer’s ID 92.370.131/0001-25; 

- TV JACARANDÁ LTDA., a corporation headquartered at Rua Dr. Paula Xavier, 655, Centro, in the city of Ponta Grossa, State of Paraná, Corporate Taxpayer’s 02.215.698/0001-98 and Branch at Praça Raposo Tavares, 378, in the city of Cianorte, State of Paraná, Corporate Taxpayer’s ID 02.215.698/0002-79;

- 614 TVP JOÃO PESSOA S/A., a corporation headquartered at Rua Verbo Divino, 1356, 2o andar, Chácara Santo Antônio, in the city of São Paulo, State of São Paulo, Corporate Taxpayer’s ID 03.004.081/0001-96 and Branch at Avenida Estevão Gerson da Cunha, 145, Bl. 10, BR 230KM, Água Fria, João Pessoa, Paraíba, Corporate Taxpayer’s ID 03.004.081/0002-77;

 

 

- 614 TVG GUARULHOS S.A., a corporation headquartered at Avenida Doutor Timóteo Penteado, 2340/2344, Vila Hulda, in the city of Guarulhos, State of São Paulo, Corporate Taxpayer’s ID 02.998.957/0001-02; 

- 614 TVT MACEIÓ S.A., a corporation headquartered at rua Verbo Divino, 1356, 2o andar, sala 03, Chácara Santo Antônio, in the city and State of São Paulo, Corporate Taxpayer's ID 02.998.932/0001-09 and Branch at Rua Industrial Moacir Duarte, 49, Mangabeiras, Maceió, Alagoas, Corporate Taxpayer's ID 02.998.932/0002-81;

- ESC 90 TELECOMUNICAÇÕES LTDA., a corporation headquartered in the city of Vitória, State of Espírito Santo, at Av. Desembargador Santos Neves, 1.469, Praia do Canto, Corporate Taxpayer’s ID 02.156.312/0001-14.exhibit48.htm - Provided by MZ Technologies

Table of Contents 

Exhibit 4.8

 

THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT A CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION: [***].

FOURTH ADDENDUM TO THE SERVICE AGREEMENT AND OTHER COVENANTS

 

By this private instrument and in accordance with the law, the parties below:

 

EMPRESA BRASILEIRA DE TELECOMUNICAÇÕES S.A. - EMBRATEL, headquartered at Av. Presidente Vargas no 1012, Centro, City of Rio de Janeiro, State of Rio de Janeiro, registered in the roll of corporate taxpayers (CNPJ/MF) under number 33.530.486/0001-29, herein represented by its Bylaws, hereinafter referred to as “EMBRATEL”;  and 

 

NET SERVIÇOS DE COMUNICAÇÃO S.A, headquartered at Rua Verbo Divino, 1.356, in the City and State of São Paulo, registered in the roll of corporate taxpayers (CNPJ) under number 00.108.786/0001-65, and its subsidiaries, duly detailed in Exhibit I of the Agreement hereby amended (“NET Operations”), represented by their Articles of Incorporation, hereinafter referred to as “NET”,

 

Referred to, separately as Party, and jointly as Parties,

 

WHEREAS:

 

A.        On December 7, 2006, the parties entered into the Service Agreement and Other Covenants (“AGREEMENT”), subsequently amended on July 31, 2007 (“First Addendum”), April 10, 2008 (herein renumbered and re-entitled “Second Addendum”) and by its Third Addendum, through which NET provides Telecommunication and Other Services to EMBRATEL, enabling the latter to provide telecommunications services to its end customers (NETFONE).

 

B.        On December 29, 2009, the Parties entered into a Capacity Acquisition Agreement, through which EMBRATEL irrevocably acquired from NET [***] in local accesses to be used by EMBRATEL for the provision of telecommunication services to its end customers (hereinafter “the Capacity Acquisition Agreement”).

 

C.        The parties agree to adjust the calculation of the Fees set forth in the AGREEMENT in view of item B above.

 

 

The PARTIES hereto agree to formalize this addendum to the AGREEMENT, herein referred to as the “Fourth Addendum”, under the following terms and conditions:

 

 

CLAUSE 1 - PURPOSE

 

 

  THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT A CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION: [***].

 

1.1.            The purpose of this Fourth Addendum is to amend Clause “6. Fees” of the AGREEMENT in order to adjust the criteria used to calculate the Income which will serve as the basis for the monthly fees related to the provision of Telecommunications and Other Services.

 

CLAUSE TWO – AMENDMENTS

 

2.1.            Clause 6. Fees of the AGREEMENT shall now read as follows:

 

“6. Fees

 

6.1               The prices of Telecommunication Services and Other Services shall be determined according to the rules below and shall be jointly limited to the fees calculated according to item 6.1.2 below:

 

(i) The gross monthly price of Telecommunication Services, excluding the activation fee by the end customer provided for in item 6.3, shall be the amount determined by taking into account: (i) the number of new Voice Service customers; and (ii) market prices; and

 

(ii) The gross monthly price of Other Services shall be the amount corresponding to costs effectively incurred by NET for the execution of its obligations hereto, plus a 5% (five per cent) fee margin.

 

6.1.1                  The criteria for calculating the Income to be used as the basis for the monthly fees related to the provision of Telecommunications and Other Services as per item 6.1.2 below are:

 

6.1.1.1   Of the full amount collected from users as payment for the Voice Services (including, but not limited to, subscription revenues; local calls, fixed-fixed and fixed-mobile; domestic and international long-distance calls using CSP 21, fixed-fixed and fixed-mobile; from PUC of EMBRATEL, etc.), EMBRATEL shall deduct: (i) the interconnection costs (understood as the balance between interconnection revenues and expenses effectively incurred by EMBRATEL in its relationship with other operators, as a result of Voice Service calls, considering item 6.1.1.3 below, as well as those interconnection revenues and expenses that are the purpose of item 6.1.1.2 below), (ii) taxes and contributions that, directly or indirectly, are due (or to fall due) as a result of providing Voice Services and (iii) costs incurred from the filing of end users who default on payment of the Voice Services with credit protection bodies (blacklisting), arriving, therefore, at the Income.

 

6.1.1.2   For the purposes of calculating the balance between interconnection revenues and expenses pursuant to the previous item, the equivalent of one TU-RL shall be recorded as interconnection revenue, determined according to the prevailing network number rules, associated with: (i) domestic calls made via CSP  

	
 

Page 2 of 5                                                       

  THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT A CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION: [***].

 

 21 or to non-geographic numbers sold by EMBRATEL, involving numbers managed by NET and charged outside the partnership for the exploitation of Voice Services; and (ii) international long-distance calls, forwarded by EMBRATEL ending in Voice Service numbers managed by NET and charged abroad. Similarly, the equivalent of one TU-RL shall be recorded as interconnection expenses, determined according to the prevailing regulation, associated with calls charged to Voice Service numbers managed by NET and ending in other numbers of EMBRATEL, except for those calls directed to NET “2004”, all of which shall be excluded from the accounting.

 

6.1.1.3   For the calculation of fixed local interconnection, EMBRATEL shall record as interconnection revenues or expenses, the net amount effectively paid or received as a result of the traffic of Voice Service numbers, managed by NET, in the scope of EMBRATEL’s relations with other operators, considering the total traffic of its local services. This net amount shall be the difference between: (i) the amount to be received from or paid by EMBRATEL to the other operators not taking into account the traffic corresponding to the Voice Service calls; and (ii) the amount to be received or paid considering this traffic.

 

6.1.2                  The Income shall be divided between the Parties, and the portion to be paid by EMBRATEL to NET shall include all the taxes and contributions owed by it due to the provision of the services listed in clause 6.1 pursuant to the laws prevailing at that time, so that both Parties receive the same net amount. In this regard, EMBRATEL shall pay to NET the portion of Income determined according to the following formula:

 

MN = Income/(2 – I/200)

 

Where:

MN is the amount to be paid by EMBRATEL to NET; and

I is the sum of taxes levied on the portion received by NET.

 

 

6.2               The monthly amount of [***], as agreed  upon by the parties, shall be deducted from the Income to be paid by EMBRATEL to NET, due to the capacity already contracted, pursuant to the Capacity Acquisition Agreement.

 

6.2.1                  The deduction provided for in the caput of this item shall become effective as of the date of the execution of the Capacity Acquisition Agreement and shall remain effective for 5 (five) years.

 

	
 

Page 3 of 5                                                       

  THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT A CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION: [***].

6.3               In addition to the Telecommunication Services fees provided for in the previous item, EMBRATEL shall pay NET a fee for each end customer whose Voice Services are activated, calculated as per the rule set forth in Exhibit VIII to this AGREEMENT.

 

6.3.1                  EMBRATEL shall be exempt from paying the activation fee whenever and while the number of activated end customers is lower than the amount of activation fees then already paid by EMBRATEL to NET. Notwithstanding such exemption, NET shall not provide any refund of these payments.

 

6.4               Each Party shall bear the costs, expenses, charges and taxes corresponding to the execution of respective activities and obligations according to the terms and conditions of this AGREEMENT.

 

6.5 Eventual costs corresponding to CPMF (financial transaction tax) or a tax of an identical or similar nature levied on the amounts of (i) the Voice Services collected by NET at the time of their transfer to EMBRATEL and (ii) transfers of the portion of Income by EMBRATEL to NET for the remuneration of Telecommunication and Other Services, shall be shared through the deduction set forth in item 6.1.1.1 (ii) of this Agreement.

 

6.6 Notwithstanding the rules for determining the Income to be used as the basis for calculating the fees for Telecommunication and Other Services provided by NET to EMBRATEL, described in previous items, the Parties shall recognize same by the accrual method, estimating the revenues and expenses detailed in item 6.1.1 and sub-items, in the same way as EMBRATEL normally books its own income during each Calculation Period (“Accrued Income”).

 

6.5.1 EMBRATEL shall send NET, until the last business day of the corresponding accrual month, the accounting spreadsheets, stating the portion of the Accrued Income to be used as the basis for issuing the invoices for the provision of Telecommunication and Other Services and other documents required for the registration of NET‘s revenues arising from this Agreement.”

 

 

CLAUSE THREE – GENERAL PROVISIONS

 

3.1.            The terms used in this instrument, when highlighted in boldface and/or by the use of uppercase, shall be interpreted pursuant to the definitions contained in the AGREEMENT.

 

3.2.            This Addendum revokes and supersedes any possible verbal or written understanding between the Parties that violates the terms and conditions dealt with herein to date.

 

3.3.            The other clauses and conditions of the AGREEMENT and the First, Second and Third Addenda that have not been expressly amended by this instrument shall remain unchanged.

 

	
 

Page 4 of 5                                                       

  THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT A CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION: [***].

3.4.            The PARTIES hereby elect the judicial district of the city of Rio de Janeiro as the only competent body to resolve any doubts or controversies arising from this instrument.

 

 

In witness whereof, the PARTIES execute this addendum in 2 (two) counterparts in the presence of the 2 (two) undersigned witnesses.

 

 

Rio de Janeiro, December 29, 2009

 

 

BY EMBRATEL:

 

	
/s/ José Formoso Martinez

	
 

	
/s/ Isaac Berensztejn

	
José Formoso Martinez

Individual Taxpayer’s ID (CPF): 059.557.727-07

	
 

	
Isaac Berensztejn

Individual Taxpayer’s ID (CPF): 332.872.367-68

 BY NET:

 

	
/s/ José Antônio Guaraldi Félix

	
 

	
/s/ João Adalberto Elek Júnior

	
José Antônio Guaraldi Félix

Individual Taxpayer’s ID (CPF):140.448.620-87

	
 

	
João Adalberto Elek Júnior

Individual Taxpayer’s ID (CPF): 550.003.047-72

 

Witnesses:

 

	
/s/ Nelson Laureano Filho

	
 

	
/s/ Rodrigo Marques de Oliveira

	
Nelson Laureano Filho

Individual Taxpayer’s ID (CPF): 267.687.987-15

 

	
 

	
Rodrigo Marques de Oliveira

Individual Taxpayer’s ID (CPF): 033.663.777-20

 

	
 

Page 5 of 5

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