Document:

<PAGE>
                                                                    EXHIBIT 10.6
                                                              (Free Translation)

                       LICENSING AGREEMENT FOR BRAND USE
                       ---------------------------------

By the present private Instrument, the Parties named as follows:

(a)     NET BRASIL S.A., a joint stock company headquartered in the City and
State of Sao Paulo at Avenida Brasil, 1,612, registered in the CNPJ under No.
01.007.021/0001-00, herein represented in accordance with its By-Laws, and
hereafter referred to simply as "NET BR";

(b)     NET SERVICOS DE COMUNICACAO S/A,  headquartered in the City and State of
Sao Paulo at Rua Verbo Divino, 1,356, 1st Floor, registered in the CNPJ under
No. 00.108.786/0001-65, herein represented in accordance with its By-Laws by its
legal representatives, and hereafter referred to simply as "MSO";

WHEREAS:

NET BR is the legitimate owner of  "NET" (the "Brand"), having preferential
rights over the same with regard to communication services and related
activities, whose registers are duly listed in Annex I to this Instrument, being
able, at its discretion, to license the same "Brand" to third parties:

MSO, recognizing the ownership and prestige that the "Brand" has won in the Pay
TV market, is the licensee of the "Brand" since 1994 and intends to continue
using the same in its own activities and/or those of its operators, carried out
within the territory as authorized by ANATEL;

MSO and NET BR are committed to using and licensing, respectively, the "Brand"
in compliance with the Commitment Agreement executed between the Parties on this
date ("Commitment Agreement"), to which this instrument is linked and
subordinated;

MSO recognizes that the value of the "Brand" is directly associated with the
quality standards adopted by NET BR in the Pay TV sector, and that the same MSO
must strictly observe the same standards in its use of the

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"Brand" in accordance with the terms of this Instrument and the Commitment
Agreement;

The Parties hereby resolve to sign this Licensing Contract for Use of the
"Brand" in accordance with the following clauses and conditions:

1. DEFINITIONS OF CONTRACTUAL TERMS:
------------------------------------

1.1.    For the purposes of this Agreement, the words and expressions used as
defined terms shall have the same meanings as those appearing in the Commitment
Agreement. The following definitions are also established:

(a)     Manual: is the written document provided by NET BR to MSO which contains
confidential information and instructions regarding the "Brand" and its use, to
which shall be added for the same effects, any alterations that may be made in
the course of this Agreement, in compliance with the rules established herein;

(b)     Brand: in addition to the NET brand, itself established in Annex I, this
shall also include the other brands listed in the same Annex I.

(c) Brands: are the distinctive signals, required by the Instituto Nacional da
Propriedade Industrial (INPI) [National Institute of Industrial Property],
presented in nominative, figurative and/or mixed form, owned by NET BR, to which
shall be added, without limitation, the numbers listed in Annex II, in different
market segments, requested in accordance with the international classification
(ncl), as well as all other signals, expressions, logotypes and/or nomenclatures
of ownership of NET BR or that are licensed to the same by third-parties, which
are made expressly available to  MSO, in the future, at the exclusive discretion
of NET BR.

(d) Territory: is the territory of operation of MSO, including all of the
Locations in which the subsidiaries of MSO, current or future, carry out Pay TV
activities.

(e) Location: is the area of coverage of the public concessions and/or
authorizations for which the operators, controlled by MSO, are authorized to
distribute Pay TV content, as defined in the "Commission Agreement".

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(f) Line Up Net: is the programming contracted by NET BR from the programmers in
the form of the Commission Agreement, ordered by NET BR, to be shown by MSO to
its subscribers via the signal transmission systems, as defined in the
Commission Agreement.

(g)     Commission Agreement: executed by the Parties on this date, whose object
is the retaining of NET BR as commissionaire of MSO for the specific purpose of
negotiating certain content for Pay TV in accordance with the terms contained
therein.

2.   THE OBJECT:
----------------

2.1. The object of this Agreement is the exclusive license that NET BR shall
grant to MSO and to its subsidiaries, being Pay TV operators, both on the
present date and in the future, for the use of the "Brand", solely for the
purpose of providing Pay TV services, through the Authorized Signal Transmission
Processes, as defined in the Commission Agreement (First Clause, letter "o")
within the Territory.

2.1.1. The use of the "Brand" by MSO within the Territory is linked to
       compliance with the terms of the Commitment Agreement between the
       Parties, and to the transmission by NET BR, appearing in Line Up Net,
       strictly in the form established in the Commission Agreement.

2.2.    NET BR undertakes (i) not to use the "Brand" forming the object of this
instrument within the Territory (ii) or to allow third parties to use it. It is
hereby agreed that NET BR may only use the "Brand" within the Territory, with
the proviso that such use is made in conjunction with MSO.

2.3.    MSO undertakes not to associate and/or use the "Brand" to indicate any
products and/or services that are not directly and exclusively linked to the
provision of Pay TV services.

2.3.1 The Parties undertake to establish, in a separate document, the rules of
      utilization by MSO of the "Brand" in conjunction with the distinctive
      signals of the other services that it provides, including, but not limited
      to the "Brands" (with these latter under a "Co-Branding" regime).

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2.4.    MSO recognizes that NET BR shall establish its own standards for the use
of the "Brand", for which reason MSO agrees that the "Brand" shall only be used
in the form and in the manner previously approved by NET BR, including the terms
of the Manual, albeit in compliance with the terms established in paragraph
2.4.1.

2.4.1. NET BR may alter the conditions and the use standards of the "Brand"
provided that this alteration in no case causes a substantial reduction in the
current use by MSO, with substantial use being understood to mean any
restriction on the object of the license contracted herein. Alterations that do
not result in a substantial reduction, provided that these have been previously
established in accordance with the criteria set in this clause, shall be
incorporated by MSO. For such purposes, NET BR undertakes to consult MSO on a
prior basis with regard to proposed alterations and to consider the aspects
raised by MSO with regard to each proposed alteration. Having defined the
alteration, NET BR undertakes to grant a reasonable and sufficient deadline,
through notification in writing, of at least 60 (sixty) days, for MSO to adapt
itself to the new conditions and standards. Necessary alterations to the
conditions and the standards for use of the "Brand", including, and in
particular when these entail additional investment, shall always be discussed
and implemented in accordance with a timetable that is adjusted in full
agreement between the parties, in observance of the procedures of this clause.

2.5.    In addition to the standards established by NET BR, MSO undertakes to
use the "Brand" in strict accordance with the terms of the Law of Industrial
Property (Law 9.279 of May 14, 1996), with regard to other applicable provisions
and this Agreement.

2.6.    MSO hereby receives from NET BR, in the form of a loan free of charge,
an updated copy of the Manual, which forms an integral part of this Instrument,
with MSO obliged to use the "Brand" in accordance with the instructions and
rules of application of the "Brand" that it contains, remaining entirely
responsible for the safekeeping, confidentiality and non-reproduction of the
Manual, as well as for the loss, theft or theft with assault of the same and the
losses and damages arising therefrom.

       2.6.1. In the event of the ordinary expiry of the term or the termination
       of the agreement on any of the grounds for termination of contract, MSO
       shall return to NET BR the Manual granted in the

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        form of a loan free of charge, within a maximum period of 5 (five) days
        starting from the date of liquidation or termination of the Agreement.

2.7.    MSO recognizes that for the adequate use of the "Brand" it is absolutely
indispensable that the Pay TV services are provided by it in the best form and
in observance of appropriate quality standards adopted by the other operators
retained by NET BR in an equivalent way for Pay TV services and which use the
same "Brand" outside the Territory.

3.  TERM OF THE AGREEMENT:
--------------------------

3.1. This Agreement shall take effect on the date of its signing, for the same
term as the Commission Agreement. In the event of termination of the Commission
Agreement, for whatever reason, MSO shall be authorized to use the "Brand" for
an additional maximum period of 30 (thirty) months, as established in Clause 6.5
below. During this period, MSO undertakes to make use of the "Brand" in
observance of this instrument and the "Manual".

4.  VALUE:
----------

4.1.    This license is granted free of charge.

5.  CONFIDENTIALITY:
--------------------

5.1.    The Parties undertake, for themselves, their representatives, and
retained third parties, to maintain absolute secrecy with regard to all and any
information obtained as a function of this Agreement, including as a result of
due diligence carried out.

5.2.    The Parties undertake not to reveal or disclose, at any time, to any
other individual or corporate entity, any written or oral confidential
information transmitted by any means, unless (a) they are obliged to do so by
virtue of a judicial order and/or legal determination, in which case, the other
party must be notified in writing; (b) if the other party authorizes the same in
writing; (c) if eventual operations are in progress for the disposal of its
assets or equity interests, for the raising of financial resources or for
commitments for disposal, provided that the third parties to which the
information is revealed sign, before the revelation or disclosure of the

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same, a commitment to respect the terms of confidentiality agreed herein.

5.3.    Confidential information is understood to mean all documents, manuals,
drawings or communications that are transmitted to MSO, verbally or in writing,
including in electronic form, which, by virtue of this Agreement, are not
expressly indicated as non-confidential or that are not widely known to be in
the public domain.

6.  TERMINATION AND ITS EFFECTS:
--------------------------------

6.1. This Agreement may only be terminated unilaterally by the Parties, without
penalty, through prior notice of 30 (thirty) days, in the following events:

(a)     if the bankruptcy of any one of the Parties is declared or one of the
        same files for composition with creditors (concordata);

(b)     if, for whatever reason, any one of the Parties becomes insolvent or is
        subject to actions or protest of title that compromise its financial
        and/or technical capacity, preventing it from complying with the
        obligations assumed in this Agreement;

(c)     in the event that any of the Parties is unable to execute in full any of
        the obligations arising from a law, regulation or rule issued by ANATEL,
        the Ministry of Communications or another government agency, or any
        non-appealable judicial ruling;

(d)     in the event of termination of the Commission Agreement, observing the
        terms of Clause 10 of the same.

6.2.    Excepting cases in which specific deadlines and penalties are
established, breach of any provision of this Agreement by any of the Parties
shall enable the innocent Party to notify the infringing Party with a view to
remedying the breach within at most 60 (sixty) days of the receipt of
notification.

6.3.    In the event that MSO reproduces the Brands or makes undue use of the
same, it shall have 15 (fifteen) days from the date of notification to remedy
the breach.

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6.4.    In the event that the same breaches have not been remedied by the guilty
Party by the deadlines for the same, the innocent Party may regard the Agreement
as having been terminated and the guilty Party shall pay a penalty to the
innocent Party equivalent to double the value of the last reimbursement of the
monthly cost of programming due per subscriber by virtue of the Commission
Contract, multiplied by the number of subscribers on the date of termination.
The fine shall be paid within at most 30 (thirty) days counted from the last day
of the period for remedy of the breach, without affecting the possible losses
and damages that may be determined, as well as any other fines and penalties
specifically established in this Agreement.

6.5.    In the event of the liquidation or termination of this Agreement, for
whatever reason, MSO shall refrain from using the "Brand" within a maximum
period of 30 (thirty) months, as established in Clause 3.1. above, and shall
return the Manual to NET BR, within 60 (sixty) days of the effective liquidation
or termination of the Agreement.

6.5.1 In the event that MSO loses its license for a given location/given
locations, it shall ensure that the use of the "Brand' ceases at the same time
that it causes its own effective operation to cease.

6.5.2 In the event that MSO sells, transfers or in any way abandons effective
control over a given Location, the license forming the object of this Agreement
shall be maintained for the same Location, if this remains under obligation with
regard to NET BR, through MSO, of the Commission Agreement, for as long as this
situation persists, or through an independent Agreement that may be executed
with NET BR. In the event that the Location in question is exempted from
complying with the terms of the Commission Agreement or ceases to execute a
specific contract with NET BR, the license for the use of the "Brand" shall be
automatically and immediately terminated for the Location in question, without
requirement for compliance with the deadline established in Clause 3.1.

6.6.    For the purposes of the terms of this item, the cessation of use of the
"Brand" implies the adoption by MSO, in accordance with the maximum deadline of
Clause 3.1. above, of the following procedures:

     (a)  abstaining from the use of the "Brand", removing the same and
          destroying any goods and materials on which the "Brand" is

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          reproduced, including papers for commercial use, envelopes,
          promotional gifts, adhesive stickers for cars and equipment,
          accessories, utensils and anything else that reflects the use of the
          "Brand";

     (b)  ensuring the cessation of the association of the commercial name of
          MSO with the "Brand", where these are used together in any way, and in
          any medium in which they may appear;

     (c)  cessation of use or transmission of the "Brand" in its
          relationships with Subscribers and any other agents or third parties,
          whether in printed media, through television signals or through any
          other medium;

     (d)  bearing all costs of communication to the Locations regarding the
          cessation of use of the "Brand", both to Subscribers and to the
          market, as well as bearing all the amounts that may be due as a result
          of possible contingencies, claims, administrative and/or judicial
          processes that may be demanded from NET BR, as a result of the
          cessation of the use of the "Brand".

6.7.    MSO shall not, in the event of termination of the Agreement for any
other reason than breach by NET BR, demand any indemnity with regard to the
same, in any capacity, including the loss of value, if any, of its business due
to the discontinuation of the use of the "Brand".

6.8.    In the event of early termination, the rights of the Parties prior to
the termination shall be preserved, with the same obliged to make due payments
and comply with pending obligations.

7. GENERAL CONDITIONS:
----------------------

7.1. MSO, hereby and for all legal purposes, recognizes that NET BR is the
     exclusive owner of the "Brand" and of all the rights inherent to the same,
     including those deriving from goodwill generated by the use of the "Brand",
     it being determined that the license hereby granted to MSO aims to meet,
     solely and exclusively, the purposes of this Instrument, for which reason,
     MSO agrees not to present any objection or to contest, whether directly or
     indirectly, judicially or extrajudicially, the ownership and/or validity of
     the "Brand" and all

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<PAGE>
        the other industrial and intellectual property rights of NET BR with
        regard to the "Brand".

7.2.    MSO may not, without the express agreement of NET BR, use the "Brand" in
its commercial name, or, in any circumstance, request the registration of terms,
brands, commercial names or logotypes identical or similar to the "Brand" or
that may be used in competition with the same or that lend themselves to
confusion with the same. In addition, MSO shall abstain from any action or
omission that may damage or weaken the rights of NET BR with regard to the
"Brand", assuming legal responsibility for any breach of the terms of this
clause.

7.2.1 The terms appearing in the preceding paragraph do not apply to the
registration of brands carried out by MSO and/or by its subsidiaries prior to
the signing of this Agreement, which are listed in Annex II to the same, with
the use of these brands until the present date being ratified and endorsed by
NET BR, provided that: (i) such registrations are ceded without encumbrance to
NET BR, through proof of protocol with the INPI, with the same effected by
January 3, 2005; (ii) starting from the transfer, the use of the assigned brands
is in accordance with the conditions established by NET BR for the use of the
same.

7.3. NET BR shall take responsibility for (i) the maintenance of the
registration and (ii) the adoption of the measures necessary for the protection
and defense of the "Brand".

7.4.    MSO agrees to cooperate fully with NET BR in defending and protecting
        the "Brand", undertaking to communicate to NET BR all and any undue use
        of the "Brand" by third parties, as well as the use of words,
        expressions, phrases, labels or figurative elements that constitute,
        whether directly or indirectly, a violation of the rights of the NET BR
        with regard to the "Brand", providing all available information and
        data.

7.5.    MSO undertakes to insert the indication that the "Brand" is registered
        in the name of NET BR, in compliance with the instructions appearing in
        the Manual.

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<PAGE>
7.6.    MSO agrees not to use any other brands and other identification
        characteristics that are similar to the "Brand", or that may be
        characterized as competing with the "Brand".

7.7.    NET BR undertakes to secure the registration of this Instrument with the
        Instituto Nacional da Propriedade Industrial (INPI) [National Institute
        of Industrial Property], within a maximum period of 10 (ten) days of the
        signing if the same, with the costs arising from the registration borne
        solely and exclusively by NET BR. NET BR also undertakes to provide to
        MSO a copy of the certificate granted by the INPI within at most 90
        (ninety) days of the signing of the Agreement.

7.8. The obligations assumed by the Parties in this Agreement shall extend to
the successors of both in whatever capacity.

7.9. Any alteration or modification of the clauses and conditions of this
Agreement shall be made through a specific agreement, signed by the Parties,
with every or any verbal agreement or mere correspondence or e-mail exchanged by
the Parties remaining without effect.

7.10. This Agreement, and the obligations and rights arising from the same, may
not be assigned or transferred to third parties without the prior and express
authorization of the other party.

8.  JURISDICTION:
-----------------

8.1.    The courts of the City of Sao Paulo, State of Sao Paulo are chosen to
resolve any doubts or disputes that may arise from this Instrument. Where the
need for a judicial procedure arises, the defeated party shall pay all the costs
and expenses of the case including the legal fees of the prevailing party.

Being in agreement with regard to the above, the Parties have signed this
Instrument irrevocably and irreversibly in 4 (four) copies of equal content and
form for a single purpose, together with the 2 (two) witnesses below, who have
also signed the same.

                                       10
<PAGE>
                           Sao Paulo, June 27, 2004.

          /s/ Alberto Carlos Pecegueiro de Amaral  /s/ Fernando Ramos
          ___________________________________________________________
                                NET BRASIL S.A.

                  /s/ Andre Muller Borges    /s/ Ciro Kawamura
                 _____________________________________________
                        NET SERVICOS DE COMUNICACAO S/A

         WITNESSED BY:

         1. /s/ Alessandro Peciauscas        2. /s/ Yuri Teixeira
            __________________________       _________________________
         Name: Alessandro Peciaauscas        Name: Yuri Teixeira
         RG [ID Code]: 11.005.133.6 SSP/SP   RG [ID Code]: 7037273269

                                       11
<PAGE>
                                    ANNEX I
                                    -------
I.

[REGISTRATION MARK]

Brand duly registered at the Instituto Nacional da Propriedade Industrial (INPI)
[National Institute of Industrial Property], under the numbers:

     O       817.408.770, mixed presentation, class 09.35/40/45

     O       817.408.789, mixed presentation, class 37.44/45

     O       817.408.800, mixed presentation, class 40.15/20/25

     O       817.408.797, mixed presentation, class 38.10

     O       817.408.819, mixed presentation, class 41.20/40

II. "CLUBINHO NET UM MUNDO ALEM DA DIVERSAO" BRAND

     [LOGO]

     O       822129990, mixed presentation, class 38.10

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<PAGE>
                                    ANNEX II

Registrations granted

     o       NETKIDS - 819.322.199, nominative presentation, class 11.10;
     o       NETKIDS - 819.322.202, nominative presentation, class 38.10;
     o       SMART NET - 819.734.314, nominative presentation, class 38;
     o       BOLA NA NET - 820.587.630, mixed presentation, class 38;
     o       BOLA NA NET - 820.587.745, nominative presentation, class 38.10;
     o       NET ROC - 820.587.796, nominative presentation, class 38.10;

Requests for registration

     o       INTER NET - 818.365.021, mixed presentation, class 38.10;
     o       CLASSINET - 819.734.322, nominative presentation, class 11.10;
     o       VIRTUA PRIVATE NET - 822.464.985, nominative presentation, class
             41;
     o       VIRTUA PRIVATE NET - 822.464.993, nominative presentation, class
             38;
     o       NET DIGITAL - 823.204.979, nominative presentation, class 41;
     o       NET DIGITAL - 823.204.987, nominative presentation, class 38;
     o       NET TV DIGITAL - 826.219.527, nominative presentation;
     o       NET TV DIGITAL - 826.219.543, nominative presentation;
     o       CANAL NET TV - 823.778.908, nominative presentation;
     o       CANAL NET TV - 823.778.916, nominative presentation;
     o       CANAL NET TV - 823.793.923, mixed presentation;
     o       CANAL NET TV - 823.793.931, mixed presentation;
     o       CAMAROTE VIP NET - 824.351.894, nominative presentation;
     o       CAMAROTE VIP NET - 824.351.916, nominative presentation;
     o       SALA VIP NET - 824.351.908, nominative presentation;
     o       SALA VIP NET - 824.351.924, nominative presentation;
     o       FEST NET - 824.547.969, nominative presentation;
     o       NET EDUCACAO - 826.230.423, nominative presentation;
     o       NET EDUCACAO - 826.230.431, nominative presentation;
     o       NET DIGITAL - 826.876.820, mixed presentation;
     o       NET DIGITAL - 826.876.838, mixed presentation;

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<PAGE>
     o       CABLE MODEM NET - 822.368.420, mixed presentation;
     o       CABLE MODEM NET - 822.368.439, mixed presentation;
     o       CABLE MODEM NET - 822.502.259, mixed presentation;
     o       CABLE MODEM NET - 822.560.283, mixed presentation;
     o       CABLE MODEM NET - 822.560.291, mixed presentation;
     o       CABLE MODEM NET - 822.560.305, mixed presentation;
     o       CABLEMODEMNET - 822.727.617, mixed presentation;
     o       CABLEMODEMNET - 822.727.625, mixed presentation;
     o       CABLEMODEMNET - 822.727.633, mixed presentation;
     o       BOLA NA NET - 820.587.621, mixed presentation, class 41.10/20/40;
     o       BOLA NA NET - 820.587.737, nominative presentation, class
             41.10/20/40;

                                       14<PAGE>
                                                                    EXHIBIT 10.7
                                                              (FREE TRANSLATION)
                                BANK CREDIT NOTE

                                NO. <<CONTRATO>>

                     SECTION I - ISSUER OF BANK CREDIT NOTE

Name/Corporate Name:<<NOMECLI>>             <<TIPOCGC>>:<<CGCCLI_EDCGC>>

Address:<<ENDCLI>>                          ID/Professional Organization No.:

City:<<CIDCLI>>          State:<<UFCLI>>    ZIP Code:<<CEPCLI>>
                       SECTION II - SURETIES / CO-OBLIGORS

Name:                  [NIHIL ]
CPF/CNPJ/MF:           [NIHIL]
Name:                  [NIHIL ]
CPF/CNPJ/MF:           [NIHIL
 Nihil

                            SECTION III - GUARANTEES
                               <<DESCGARANTIAS1>>
                SECTION IV - CHARACTERISTICS OF BANK CREDIT NOTE

<TABLE>
<CAPTION>
PRINCIPAL AMOUNT                        CHARGES                                     ISSUE DATE
<S>                                      <C>                                        <C>
Up to R$ 200,000,000.00  (two hundred   Remuneratory                  Interest:     <<DTABERT_DDMMAA>>
million Brazilian reais)                <<PCTCDI1_NUM6DEC>>%
                                        (<<PCTCDI1_EXTTX>>) of CDI,                 ____________________________
                                        capitalized daily, plus rate of             DEADLINE FOR USE OF CREDIT:
                                        <<TAXAAA_NUM6DEC>>% per annum
                                        (<<TAXAAA_EXTTX>>per year),
                                        equivalent to
                                        <<TAXAAM_NUM6DEC>>% per month
                                        (<<TAXAAM_EXTTX>> per month) (NB
                                        this value cannot be less than R$
                                        280,000.00), calculated exponentially
                                        pro-rata temporis on the basis of a
                                        year of 360 (three hundred and sixty)
                                        days
                                        Tariffs and Expenses: None

                                        __

                                        I.O.C                                       MATURITY DATE
                                        To be determined on the basis of the        See Annex I
                                        amount effectively disbursed

                                SECTION V - CHECKING ACCOUNT OF ISSUER - RELEASE

BANK                                    BRANCH                                      CHECKING ACCOUNT NO.
<<NOMEBANCO>>                           <<AGENCIACLI>>                              <<CONTACLI>>
                                 SECTION VI - CHECKING ACCOUNT OF ISSUER - DEBIT

BANK                                    BRANCH                                      CHECKING ACCOUNT NO.
</TABLE>

                                       1
<PAGE>

CLAUSE 01. PAYMENT COMMITMENT - The ISSUER, as qualified in Section I, above,
hereafter designated as the "ISSUER", shall pay, by means of this BANK CREDIT
NOTE, issued in accordance with Law 10,931/2004 (as amended, altered or modified
at any time), to BANCO ITAU BBA S.A., hereafter simply designated as the
"CREDITOR", a financial institution with headquarters in the City of Sao Paulo,
State of Sao Paulo, at Praca Alfredo Egydio de Souza Aranha, 100 - Torre
Conceicao - 9th floor, inscribed in the National Register of Corporate Entities
(CNPJ./MF), under No. 17.298.092/0001-30, or to its order, on the "MATURITY"
date appearing in Annex I of this document (hereafter simply designated as the
"MATURITY"), the principal value, as well as the charges mentioned in Section IV
above (with the principal and charges hereafter designated as the "AMOUNT"),
observing the terms of the other Clauses distinguished below.

SOLE PARAGRAPH - All correspondence to the CREDITOR should be sent to Avenida
Brigadeiro Faria Lima, 3400, 3rd to 8th floors. CEP 04538-132. Sao Paulo - SP.

CLAUSE 02. PURPOSE OF THE CREDIT GRANTED TO THE ISSUER - By the DEADLINE FOR USE
OF THE CREDIT, through a written request from the ISSUER, the Principal Value,
as mentioned in Section IV, above, after the deduction of taxes and charges due
in advance, shall be credited to the checking account of the ISSUER mentioned in
Section V above, for the exclusive purpose of allowing the ISSUER, as a
supplement to its own resources, to complete the restructuring of its capital
(the "Restructuring") with the payment of part of the debt renegotiation
instruments previously signed with certain creditors (hereafter designated as
the "Creditors of the Issuer"), in accordance with the Material Facts published
by the ISSUER on June 27, 2004.

FIRST PARAGRAPH - The credit granted by the CREDITOR in favor of the ISSUER
shall be disbursed in full in a single installment. No other withdrawal,
redemption or debit order may be carried out by the ISSUER as of the date of
release of the resources in accordance with the terms of the "caput" of this
Clause 02, even after the partial or total amortization of the outstanding
balance.

SECOND PARAGRAPH - The credit shall only be granted by the CREDITOR in favor of
the ISSUER in the event that the "commitment fee" established in the "Commitment
Letter" (a copy of which is attached to and forms an integral part of this Note)
has been paid in full by the ISSUER.

CLAUSE 03. FINANCIAL INCREASES AND OTHER CHARGES - The gross value of the
principal, indicated in Section IV, shall be subject to the increases
established in that Section, including capitalized interest, in accordance with
the terms of item I of Paragraph 1 of article 28 of Law 10,931/2004 referred to
above, as well as the other charges established in the Clauses below.

CLAUSE 04. FORM OF PAYMENT - The obligation hereby assumed by the ISSUER through
this Bank Credit Note with regard to the payment of the AMOUNT shall be
constituted as a liquid and enforceable debt, and shall be paid in current
Brazilian currency upon MATURITY and obligatorily through a debit to the account
mentioned in Section VI, maintained with the CREDITOR.

FIRST PARAGRAPH - For the purposes of the terms of the "caput" of this Clause,
the ISSUER hereby authorizes the CREDITOR, irrevocably and irreversibly, to
debit the checking account in question, whenever the same contains a balance for
the settlement of the ISSUER's debt arising from this instrument, it being
observed that for the first R$ 100,000,000.00 (one hundred million Brazilian
reais) that are deposited in the checking account mentioned in Section VI, 50%
of the credited values, up to the limit mentioned above, shall be automatically
and immediately transferred to the checking account mentioned in Section V, on
the day following the relevant credit, for free use by the ISSUER, unless the
same ISSUER instructs otherwise.

                                       2
<PAGE>

The remaining values and other values received by the same checking account
shall be assigned to the payment of the Principal Value and Charges, with the
deposit slip representing a valid payment receipt.

SECOND PARAGRAPH - It is hereby agreed that in the event that any maturity date
for interested established in this Note coincides with a national, municipal or
bank holiday, the ISSUER shall make payment on the first subsequent business
day. In such an event, the interest established in Section IV above, shall apply
until the effective payment date.

THIRD PARAGRAPH - Any receipt of an installment outside the agreed deadline
shall represent mere tolerance and shall not affect in any way, the dates of
their maturity/maturities or the other items and conditions of this Note, nor
shall it represent a novation or modification of the agreed terms, including
those relating to charges arising from late payment.

FOURTH PARAGRAPH - As established in Section IV above, the interest rate of this
instrument shall correspond to <<PCTCDI1_NUM6DEC>>% (<<PCTCDI1_EXTTX>>) of the
Interbank Rate (CDI), capitalized on a daily basis, plus <<TAXAAA_NUM6DEC>>% per
annum (<<TAXAAA_EXTTX>> per year), equivalent to <<TAXAAM_NUM6DEC>>% per month
(<<TAXAAM_EXTTX>> per month), and applicable to the amount effectively owed by
the ISSUER, starting from the date of the relevant loan (NB it being established
that the amount of the remuneration for the period to which the CDI applies
cannot be less than R$ 280,000.00). The daily capitalization referred to above
shall be defined as the result of the compounding of the average daily rates,
with each rate multiplied by the percentage indicated above
(<<PCTCDI1_NUM6DEC>>%), the same average rates relating to operations with
Interbank Certificates of Deposit with a maturity of 1 (one) business day, as
determined by the Camara de Custodia e de Liquidacao (CETIP) [Securities Custody
and Financial Settlement Center], published by the same in its Informativo
Diario (Assessoria Tecnica), Volumes e Taxas de DI, DI Over % a.a. (252) [Media
Daily Bulletin (Technical Consultancy), DI Volumes and Rates, DI Over % per year
(252) Average]. In order to determine the result referred to above, the average
rates in force during the effective period of this instrument shall be used,
including the rate relating to the date of signing of the same, and excluding
the rate relating to the maturity date of the same.

FIFTH PARAGRAPH - In the event of the extinction, non-disclosure or
impossibility, for whatever reason, of using the average daily CDI rates
referred to above, the calculation of the interest rate for the purposes of the
terms of this instrument, during the period in which it is not possible to use
the average daily CDI rates, shall be carried out on the basis of the Selic Rate
of the Brazilian Central Bank (Bacen), published by the Associacao Nacional das
Instituicoes do Mercado Financeiro (ANDIMA) [National Association of Financial
Market Institutions].

CLAUSE 05. For the purposes of determining the exact value of the obligation or
its outstanding balance owing, the CREDITOR shall issue on the maturity, a
calculation statement or spreadsheet, with these documents considered as
integral parts of this Note.

CLAUSE 06. PAYMENT LOCATION - The payment of the credit granted through this
Bank Credit Note, with the increases stipulated above, shall be made at the
CREDITOR's address, or at any of its branches, directly to the same or to the
order of the same, in the event that payment has not been made by debit to the
checking account, notwithstanding the terms of the "caput" of article 16 of Law
9,311/96.

CLAUSE 07. EARLY SETTLEMENT - The early payment of this Note by the ISSUER may
be made at any time, observing the terms of the same note.

..
CLAUSE 08. EARLY MATURITY - The debt contained in this Bank Credit Note may be
considered to have matured in advance and to be immediately enforceable,
regardless of any judicial and/or extrajudicial

                                       3
<PAGE>

notification, in the event of any of the following incidents, which the parties
hereby recognize as representing a direct cause of an undue increase in the
default risk of the obligations assumed by the ISSUER, making more onerous the
obligation to concede credit assumed by the CREDITOR in clause 2 above:

      A) failure by the ISSUER to comply, within the due deadline and in the due
      form, with any obligation, principal or accessory, contracted with the
      CREDITOR as a result of this Note;

      B) failure by the ISSUER to comply, within the due deadline and in the due
      form, with any obligation, whether principal or accessory, agreed with the
      CREDITOR as a result of any other Agreement executed by the ISSUER with
      the CREDITOR and/or any other direct or indirect associated/subsidiary or
      controlling company of the CREDITOR, provided that the monetary obligation
      in default exceeds R$ 1,000,000.00 (one million Brazilian reais);

      C) occurrence of the events mentioned in articles 333 and 1,425 of the
      Brazilian Civil Code (Law N(0). 10,406/02);

      D) petition for concordata [composition with creditors] by the ISSUER, a
      request for or the decreeing of its bankruptcy, dissolution or protest of
      title for which payment the same party is responsible, even if in the
      capacity of guarantor, provided that the protested amount exceeds R$
      1,000,000.00 (one million Brazilian reais), or that bankruptcy provisions
      have not been made;

      E) early maturity of any other agreement between the ISSUER and the
      CREDITOR, or with any other company belonging to the same corporate group,
      provided that the protested amount exceeds R$ 1,000,000.00 (one million
      Brazilian reais), excepting agreements that have already matured on this
      date;

      F) a relevant adverse change in the financial condition of the ISSUER;

      G) if there is any alteration or modification in the principal activity
      appearing in the business purpose of the ISSUER, without the prior and
      express agreement of the CREDITOR;

      H) if there is any alteration or modification in the control structure of
      the ISSUER, or if any change, transfer or assignment, whether direct or
      indirect, occurs in the corporate/shareholding control, or the ISSUER is
      subject to incorporation, merger or division, without the prior and
      express agreement of the CREDITOR;

      I) if the ISSUER assigns or transfers its obligations arising from this
      Agreement, whether in full or in part, without the prior and express
      agreement of the CREDITOR;

      J) if Telmex ceases to hold, whether directly or indirectly, the shares
      described in subitems (g) and (h) of Clause 14 below.

CLAUSE 9. PAYMENT DELAYS AND FINE - Failure to comply punctually with any of the
obligations contained within this Note, including the event of early maturity of
the same, shall cause the ISSUER to be regarded as overdue with its payments,
regardless of whether it receives any judicial or extrajudicial notice from the
CREDITOR, in such fashion that the ISSUER undertakes to pay, during the delay
period and on all the amounts due by virtue of this title:

      A) a credit maintenance fee, calculated on a daily basis, in accordance
      with the change in the Brazilian Central Bank Selic Rate, published by the
      Associacao Nacional das Instituicoes do

                                       4
<PAGE>

      Mercado Financeiro (ANDIMA) [National Association of Financial Market
      Institutions], for the period included between the maturity date of the
      obligation and its effective payment date, on the full value of the
      outstanding balance determined on the maturity date and limited to the
      rate in the agreement plus 1% (one per cent) per month.

      B) Overdue interest at an effective rate of 1.0% (one per cent) per month,
      calculated on a daily basis;

FIRST PARAGRAPH - The charges established herein, indicated in item "a" above,
shall be calculated and capitalized until the final settlement of the debt.

SECOND PARAGRAPH - In the event of the impossibility, for whatever reason, of
using the rate established in item "a", the credit maintenance feeshall be
calculated using the average interest rate practiced by the 5 (five) largest
banks by assets, in their CURRENT LOAN operations in Brazilian reais, during the
period from the maturity date of the obligation until the date of its effective
payment.

CLAUSE 10. LEGAL FEES - In the event that the CREDITOR is obliged to take legal
action to recover any amount arising from this Note, even if as application of
credit or execution against an insolvent debtor, the ISSUER undertakes to pay an
indemnity to the CREDITOR for the legal fees incurred with judicial and
extrajudicial procedures undertaken, these being hereby stipulated by the
parties as 10% (ten per cent) of the value of the case, regardless of the
payment of the principal, interest, commissions, interest for late payment and
any other charges and/or expenses established in this Title or in law, as well
as any fees that may fall due to the CREDITOR's lawyers for attorney's fees.

CLAUSE 11. EXPENSES - The ISSUER shall bear all and any expenses and charges,
whether ordinary or extraordinary, particularly, but not exclusively, reasonable
expenses in collecting the proceeds of this Title, recognition of signatures and
inscriptions and/or filings at public registries, as well as any other expense
that the CREDITOR is obliged to bear with regard to this Bank Credit Note or its
guarantees. These expenses shall be paid by the ISSUER to the CREDITOR within 24
hours of receipt by the ISSUER of the relevant notice of debit, with proof of
expense, under penalty of the early maturity of this Title.

CLAUSE 12. PAYMENT OF TAXES - The ISSUER declares that it is aware that the
CREDITOR may pass on to it and demand payment of any taxes, contributions and/or
other charges that arise or may arise, specifically with regard to this Note,
and that it is in full agreement with the same. To this effect, the ISSUER
hereby recognizes as liquid and enforceable all and any amounts that may be
presented against it by the CREDITOR that pertain to these taxes, contributions
and/or other charges, which must be settled by the ISSUER, at the time of their
presentation, under penalty of early maturity of this Title and the execution of
the guarantees constituted in this Instrument.

CLAUSE 13. TRANSFER OF TITLE - The CREDITOR is authorized by the ISSUER to
negotiate this Bank Credit NOTE, transferring it to third parties by endorsement
of the same on its first sheet (negotiable sheet), or through a Banking Credit
Certificate . The ISSUER hereby recognizes, irrevocably and irreversibly, that
the transfer of the Title does not constitute a violation of the banking secrecy
of the ISSUER.

CLAUSE 14. SUSPENSIVE CONDITIONS - The effectiveness of this legal act, and
consequently, the disbursement of credit hereby granted, is subject, in
accordance with the terms of Article 125 of the Brazilian Civil Code to
compliance with all the following prior conditions (the "PRIOR CONDITIONS"):

                                       5
<PAGE>

      a) approval by the Issuer's Creditors, or of its legal representatives for
      the concession of this loan, as well its repayment, to be demonstrated
      through the submission by the ISSUER to the CREDITOR, of a copy of the
      respective Restructuring instruments;

      b) verification of all the conditions (or waiver that does not have a
      relevant adverse impact on this Note) to which the effectiveness of the
      Restructuring is subordinated, in the terms of the relevant instruments,
      excepting those that relate to payments to the Creditors of Net, part of
      which shall be effected with resources arising from the loan forming the
      object of this Note;

      c) submission by the ISSUER to the CREDITOR of a copy of the subscription
      bulletins of Globo Comunicacoes e Participacoes S.A., Distel Holding S.A.
      and/or Roma Participacoes Ltda. (together, as well as with their
      subsidiaries, "Globopar") and Telefonos de Mexico, S.A. de -------- C.V.
      (together with its subsidiaries, "Telmex"), in a proportion not lower than
      the respective pre-emptive rights held by Glopobar in the ISSUER's shares
      offered in the context of the private offer of shares to be structured by
      the ISSUER as part of its ------ capitalization process ("PRIVATE OFFER OF
      SHARES");

      d) Submission by the ISSUER to the CREDITOR of a copy of the declaration
      sent by the ISSUER to Banco Itau S.A., in the latter's capacity as
      depository agent of its shares, confirming the receipt of the amounts
      relating to the full payment of the shares of the ISSUER, offered in the
      context of the Private Offer of Shares and underwritten by Globopar and
      Telmex, instructing Banco Itau S.A. to register the shares subscribed and
      paid for in full by Globopar and Telmex in the name of the same;

      e) delivery by the ISSUER to the CREDITOR of a copy of the document to be
      produced by Banco Itau S.A., certifying that GB Empreendimentos e
      Participacoes S.A. ("GB") holds 51% of the ISSUER's voting capital;

      f) delivery by the ISSUER of a copy of the terms of transfer and other
      documents required for the registration with Banco Itau S.A., duly signed
      by Globopar and Telmex and filed with Banco Itau S.A., of the transfer of
      common shares representing at least 18% (eighteen per cent) of the
      ISSUER's voting capital to the ownership of Telmex, acquired in the
      context of the sale and purchase agreement for the shares of the ISSUER
      signed by Globopar and Telmex;

      g) delivery by the ISSUER to the CREDITOR of a copy of the terms of
      transfer duly signed by Globopar and Telmex for the transfer of 100% of
      the preferred shares and 49% of the common shares of GB to the ownership
      of Telmex, acquired in the context of the sale and purchase agreement for
      the shares of the ISSUER signed by Globopar and Telmex;

      h) delivery by the ISSUER to the CREDITOR of a copy of the correspondence
      sent to Banco Itau S.A. with irrevocable and irreversible instructions to
      effect the transfer of all the amounts received in the context of the
      Private Offer of Shares, and the finalization of the process of its
      capitalization, to the account mentioned in Section VI.

SOLE PARAGRAPH: With regard to the prior conditions mentioned in items "e" e "f"
above, in the event that these are the last to be satisfied, it is hereby agreed
that, once the satisfaction of the same prior conditions has been demonstrated
by midday of the same day, the effective disbursement of the loan must occur on
the immediately following day.

CLAUSE 15. SETTLEMENT OF AMOUNTS - Default on any obligation of the ISSUER
arising from this Title shall provide the CREDITOR with an opportunity to
proceed with the immediate execution of this Title and the guarantees
constituted herein, as well as others that may generate rights on the same, for
the purposes of recovering its credit, with the CREDITOR also able, in
accordance with the terms of Article 368 of the Brazilian Civil Code, to settle
any debits that it holds and/or may hold with the ISSUER with any credits of any
kind that the ISSUER holds or may hold with the CREDITOR, with this latter party
being able, to this effect, to retain for itself the titles and/or amounts that
the ISSUER holds and/or may come to hold, with the aim of carrying out the
settlement in question.

CLAUSE 16. INFORMATION TO THE ADMINISTRATIVE AUTHORITIES - The ISSUER declares
that it is aware of and in agreement with the terms of Resolution N(degree).
2,724, of 31/05/2000, of the National Monetary Council,

                                       6
<PAGE>

and hereby authorizes the CREDITOR, irrevocably, irreversibly and at any time,
including after the maturity of this Note:

      (I)   to provide to the Brazilian Central Bank any information on the
            amount of debits and responsibilities for guarantees assumed by the
            ISSUER, as a result of this Note, with a view to informing the
            Central Credit Risk System, as well as

      (II)  consulting the information regarding the ISSUER in the same System.

CLAUSE 17. Failure by the CREDITOR, to exercise any rights or faculties that are
guaranteed to it, as a consequence of the law or this Agreement, or any consent
to delays in complying with the obligations assumed herein by the ISSUER, shall
not imply a novation, and shall not prevent the CREDITOR from exercising the
same rights and faculties at any time.

CLAUSE 18.        OTHER OBLIGATIONS OF THE ISSUER -  The ISSUER:

      a) undertakes, irrevocably and irreversibly, in the event that all of the
      shares offered in the Private Offer of Shares have not been underwritten,
      to request that Globopar and Telmex acquire the remaining shares;

      b) undertakes to use for the repayment of this Instrument the values
      arising from its capitalization process.

      c) Assumes responsibility for maintaining its addresses continuously
      updated and informing the CREDITOR of the same in writing. For the effects
      of communication/knowledge of any act or fact arising from this Note, the
      ISSUER shall automatically be considered to have been notified regardless
      of any formality, at the respective addresses that it has indicated in
      Section I above.

CLAUSE 19. MODIFICATION - This Note may be modified two days before the Maturity
Date, for the same period of 30 days, at the criterion of the ISSUER, provided
that the ISSUER makes available sufficient resources to ensure that the CREDITOR
is able to withhold and collect IOF [Financial Transactions Tax] due for the new
period.

CLAUSE 20. JURISDICTION - The courts of the Jurisdiction of the State of Sao
Paulo are hereby chosen to settle any doubts arising from or based on this title
and its guarantees, with the CREDITOR nevertheless able to choose the
jurisdiction of the headquarters of the ISSUER, excluding any other, regardless
of its merits.

                    Sao Paulo,<<DTABERT_DIA>><<DTABERT_MESEXT>>,<<DTABERT_ANO>>.

ISSUER:             _________________________________________________________
                    <<NOMECLI>>

AGREED BY:          _________________________________________________________
                    BANCO ITAU BBA S.A.

                                       7
<PAGE>

                                       8
<PAGE>

                                     ANNEX I

                                 (ADEQUAR ANEXO)

      ANNEX I BANK CREDIT NOTE N(0).<<CONTRATO>>SIGNED ON<<DTABERT_DDMMAA>>

<TABLE>
<CAPTION>
        INSTALLMENT                                       VALUE                                                MATURITY
<S>                               <C>                                                                         <C>
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
        1.235/1.235               1,234.56 + Change in CDI + 1,234.56 % per year cpd.                         10/05/2003
</TABLE>

                                       9
<PAGE>

         Rider A

         FIRST PARAGRAPH The Parties agree that the obligations of the Net Group
Companies arising from this Agreement are guaranteed by the Pledge Agreements,
and therefore, the Parties undertake to sign, on the present date, the Terms of
Adhesion attached to this Agreement as "Annex 12", for the purposes of the
adhesion of the Creditor Institution to the Pledge Agreements and Intercreditor
Agreement. The Net Company undertakes to arrange the registration of the Annex
in the registries of titles and documents and property registries where the
Pledge Agreements are registered within at most 10 (ten) business days. In the
event that the Net Group Companies fail to make the registrations mentioned
above, the Guarantee Agent shall be responsible for carrying out the same
registration, with the costs incurred being the responsibility of the Net Group
Companies, and the same Net Group Companies being obliged to pay to the Special
Entering Creditor a non-compensating monetary fine of R$100,000.00 (one hundred
thousand Brazilian reais) per day, from the 11th (eleventh) day following the
present date until the effective registration of this Terms of Adhesion, without
affecting any damages or losses that may be incurred by the Special Entering
Creditor. It is hereby defined that the same fine shall not be applied in cases
expressly defined as exceptions with regard to the fines established in the
terms of the Pledge Agreements.

         Rider B

         9.3.1.1. For the purposes of Clause 9.3.1. of this Agreement, the
transfer of Control by Net Servicos to: (i) Globo Comunicacoes e Participacoes
S.A. and/or its Affiliates; or (ii) Telefonos de Mexico, S.A. and/or its
Affiliates shall not be considered to be an event of change in Control.

         Rider C

CLAUSE 21 CONFIDENTIALITY OBLIGATION

         The obligation of confidentiality established in Clause 10.14 of the
Intercreditor Agreement shall apply to the information made available and/or
submitted by the Net Group Companies by virtue of this Agreement, in the exact
terms of the same clause, except in the cases otherwise determined within this
Agreement.

<PAGE>

Rider D

                           NET SUL COMUNICACOES LTDA.

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

                                     Title:

                    ----------------------------------------
                                      Name:
                                     Title:

                                 AVAL GUARANTEE:

                                 NET SERVICOS DE
                                COMUNICACAO S.A.
                          ALNOR ALUMINIO DO NORTE LTDA.
                              ANTENAS COMUNITARIAS
                                BRASILEIRAS LTDA.
                              CABODINAMICA TV CABO
                                 SAO PAULO S.A.
                             CMA PARTICIPACOES S.A.
                                  DABNY, L.L.C.
                           DR EMPRESA DE DISTRIBUICAO
                             E RECEPCAO DE TV LTDA.
                                  HORIZONTE SUL
                               COMUNICACOES LTDA.
                            JONQUIL VENTURES LIMITED
                                   MULTICANAL
                              TELECOMUNICACOES S.A.
                               NET ANAPOLIS LTDA.
                               NET ARAPONGAS LTDA.
                                 NET BAURU LTDA.
                            NET BELO HORIZONTE LTDA.
                               NET BRASILIA LTDA.
                               NET CAMPINAS LTDA.
                             NET CAMPO GRANDE LTDA.
                   NET CURITIBA LTDA. NET FLORIANOPOLIS LTDA.
                                NET FRANCA LTDA.
                                NET GOIANIA LTDA.
                              NET INDAIATUBA LTDA.
                               NET JOINVILLE LTDA.
                               NET LONDRINA LTDA.

                                       2

<PAGE>

                                NET MARINGA LTDA.
                          NET PARANA COMUNICACOES LTDA.
                              NET PIRACICABA LTDA.
                                NET RECIFE LTDA.
                             NET RIBEIRAO PRETO S.A.
                                  NET RIO S.A.
                               NET SAO CARLOS S.A.
                         NET SAO JOSE DO RIO PRETO LTDA.
                               NET SAO PAULO LTDA.
                               NET SOROCABA LTDA.
                                  REYC COMERCIO
                              E PARTICIPACOES LTDA.
                            TV CABO DE CHAPECO LTDA.
                                  TV VIDEO CABO

                             DE BELO HORIZONTE S.A.

                    ----------------------------------------
                                     Name:
                                     Title:

                    ----------------------------------------
                                     Name:
                                     Title:

                                       3

<PAGE>

                                                       Rider E

                                                       SCHEDULE 12 TO THE
                                                       CONTRATO DE EMPRESTIMO

                            MODEL OF TERM OF ADHESION

                                TERM OF ADHESION

This Term of Adhesion, dated [ ] (the "TERM OF ADHESION"), 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;

                                       4

<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) Deutsche Bank], 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 "New 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");

                                       5

<PAGE>

                  (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 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) Upon the date of the execution of this Term of Adhesion, the New Joining
Creditor and the Net Group enter into the loan agreement (the "Loan Agreement")
and the Loan Agreement provides, on its Clause 8, the adhesion of the New
Joining Creditor on 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 of Adhesion, the New 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, including
the constitution of a Collateral Agent as its attorney according with the terms
of the Intercreditors Agreement. Accordingly, the Pledge Documents will also
secure the obligations assumed by the NET Group resulting from the Loan
Agreement.

2. - For all purposes and effects of the Pledge Documents, the New Joining
Creditor shall have the same rights and obligations as the other Creditors under
the Pledge Documents.

                                       6

<PAGE>

3. - Upon the date of execution of the present document, this Term of Adhesion
shall be deemed to be an integral part of each of the Pledge Documents and the
Net Group undertakes to register this Term of Adherence at the competent
Registries of Deeds and Documents and with the Real Estate Registration Offices
within 10 (ten) business days as from this date and to send notarized copies
evidencing such registration to the Collateral Agent and the New Joining
Creditor.

3.1. In case of non compliance with item 3 above, the Collateral Agent will be
deemed to provide the register. Nevertheless, the costs from the register will
be for the Net's Group responsibility.

3.2. - Notwithstanding the in item 3.1 above, the Net Group is deemed to pay to
the New Joining Creditors the amount of R$ 100.000,00 (a hundred thousand reais)
per day, as non compensatory penalty, as from this date up to the formal
register of this Term of Adhesion, without any potential prejudice of loss and
damages which could affect the New Joining Creditor. It is agreed forthwith that
the non compensatory penalty will be inapplicable according with the exemptions
provided in the Pledge Agreement in relation with the penalties.

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

4.1. - Upon the date of the execution of this Term of Adhesion, the Parties
expressly agree that each of the Pledge Documents was automatically amended to
reflect the adhesion of the New Joining Creditor. 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:

                                       7

<PAGE>

         (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;

5. - 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 of Adhesion in the presence of 2 (two) undersigned witnesses.

                           Sao Paulo, [        ]

                                           NET SERVICOS DE COMUNICACAO S.A.

                                           -------------------------------------
                                           Name:              Name:
                                           Title:             Title:

                                        8

<PAGE>

                                           BANCO ITAU S.A.

                                           -------------------------------------
                                           Name:              Name:
                                           Title:             Title:

                                           NEW JOINING CREDITOR

                                           -------------------------------------
                                           Name:               Name:
                                           Title:              Title:

Witnesses:

1.   -   ____________________________
         Name:
         Identity Card (RG):

2.   -   ____________________________
         Name:
         Identity Card (RG):

                                       9

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