Document:

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                                                                    EXHIBIT 10.6

[AOL LOGO]

Sao Paulo, August 7, 2002

Banco Itau S. A.
C/O MR. MILTON MONTEIRO,
Rua Boa Vista, 176
Sao Paulo, SP, Brasil

         REF.: AGREEMENT FROM MEETING OF WEDNESDAY, JULY 17, 2002

Dear Milton,

First of all, we wanted to thank you for taking the time to meet with us on
Wednesday, as well as for providing us with a draft of the Itau/AOLA Marketing
Plan 2002 (the "2002 Plan"), which we are presently reviewing. While I believe
that we all agree that there is much work to be done, we look forward to
continuing to work closely with Banco Itau ("Itau") to make our business
partnership beneficial for both parties. It is our hope that the meeting on
Wednesday will provide a solid base for those continued efforts.

We also wish to memorialize the agreement we were able to reach at Wednesday's
meeting. Each of America Online Latin America and AOL Brasil Ltda. on the one
hand (together "AOLA") and Itau on the other hand agrees that, for the purposes
of the Strategic Interactive Services and Marketing Agreement between them dated
June 12, 2000 (the "Agreement"), the second Anniversary Date" will occur on
December 24, 2002 and all subsequent Anniversary Dates will be unchanged and
shall continue to occur on December 10th of each year.

In consideration of the extension of the second Anniversary Date, AOLA and Itau
each agree to meet and negotiate in good faith, during the period beginning on
the date of this letter and ending on August 24, 2002, among other things,
possible changes to certain measurements of performance under the Agreement and
to Itau's marketing activities. Additionally, during such period, Itau shall not
launch or otherwise engage in 2002 Plan.

AOLA and Itau each acknowledge that by this letter neither is waiving any rights
or remedies now or hereafter available to them under the Agreement. This letter
shall not amend or otherwise modify the Agreement in any way other than to
change the meaning of the term "second Anniversary Date." This letter is not
intended to constitute approval or disapproval of anything other than the change
in the "second Anniversary Date" described above.

 Av. Marginal do Rio Pinheiros, 5200-Ed. Philadelphia- Bloco B-1(0) e2(0)andares
                          CEP 05693-000 Sao Paulo - SP
                       Tel: 11-3759-7531 Fax: 11-3759-7477

<PAGE>

Thank you again for meeting with us on Wednesday. If you agree with the
foregoing, please so indicate on behalf of Itau by signing in the space provided
below and returning a signed copy of this letter to us.

Yours Faithfully,

/s/ Carlos Trostli                            /s/ Charles M. Herington
---------------------------------------       ----------------------------------
AOL Brasil Ltda.                              America Online Latin America, Inc.

Carlos D. Trostli                             Charles Herington

Acknowledged and Agreed:

/s/ Milton Monteiro                            8/8/2002
---------------------------------------       ----------------------------------
Banco Itau S.A.                                      Date
Milton Monteiro

 Av. Marginal do Rio Pinheiros, 5200-Ed. Philadelphia-Bloco B- 1(0) e2(0)andares
                          CEP 05693-000 Sao Paulo - SP
                       Tel: 11-3759-7531 Fax: 11-3759-7477<PAGE>
                                                                   EXHIBIT 10.7

[AOL LOGO]

Sao Paulo, September 6, 2002

Banco Itau S. A.
Rua Boa Vista, 176
Sao Paulo, SP, Brasil
C/O MR. MILTON MONTEIRO,
Fax: +55 (11) 5019-9271

         REF.: AGREEMENT FROM MEETING OF AUGUST 20, 2002

Dear Milton,

First of all, we wanted to thank you for taking the time to meet with us on
August 20, 2002 to continue our discussions towards, among other things, the
potential changes to certain measurements of performance and to Itau's marketing
activities under the Strategic Interactive Services and Marketing Agreement
dated June 12, 2002, between America Online Latin America, Inc. and AOL Brasil
Ltda. ("AOLB") on the one hand (together "AOLA") and Banco Itau S.A. ("Itau") on
the other hand (the "Agreement"). While I believe that we all agree that there
is still much work to be done, we look forward to continuing to work closely
with Itau to make our business partnership beneficial for both parties. It is
our hope that the meeting held on August 20 will provide a solid base for those
continued efforts.

As you know, pursuant to a letter signed on August 7, 2002, the Parties agreed
to extend the second Anniversary Date from December 10, 2002 to December 24,
2002.

Today, over two weeks after the execution of the August 7 letter, although we
have made significant progress, we have not yet reached a final agreement on the
referred changes. Furthermore, once we reach such an agreement on a business
level, we expect it will take time for the parties' legal teams to memorialize
the agreed marketing plan in a final document.

In this sense, each of AOLA, AOLB, and Itau agrees that, for the purposes of the
Agreement, the second Anniversary Date shall be changed from December 24, 2002
to January 31, 2003.

In consideration of the extension of the Second Anniversary Date, AOLA, AOLB and
Itau each agree to continue to meet and to negotiate in good faith, until
September 20, 2002, the marketing plan that may result in an amendment to the
Agreement.

In addition, AOLA, AOLB and Itau each agree that in the event they do not reach
an agreement regarding such marketing plan by September 20, 2002, the second
Anniversary Date shall be considered automatically extended to February 28,
2003. This letter shall not amend or otherwise modify the agreement in any way
other than to change the day of the second Anniversary Date.

Av. Marginal do Rio Pinheiros, 5200-Ed. Philadelphia-Bloco B-1(0) e2(0)andares
                          CEP 05693-000 Sao Paulo - SP
                       Tel: 11-3759-7531 Fax: 11-3759-7477

<PAGE>

[AOL LOGO]

Thank you again for meeting with us. If you agree with the foregoing, please so
indicate on behalf of Itau by signing in the space provided below and returning
a signed copy of this letter to us.

Yours Faithfully,

AOL Brasil Ltda.                           America Online Latin America, Inc.

/s/ Carlos Trostli                         /s/ Charles M. Herington
--------------------------------------     -----------------------------------
Carlos Trostli, President                  Charles Herington,
                                           President and Chief Executive Officer

Acknowledged and Agreed:

/s/ Milton Monteiro                                  09/06/2002
--------------------------------------     -----------------------------------
Milton Monteiro                             Date
Vice President
Banco Itau S.A.

/s/ Heli de Andrade                                  09/06/2002
--------------------------------------     -----------------------------------
Heli de Andrade                             Date
Managing Director
Banco Itau S.A.

Av. Marginal do Rio Pinheiros, 5200-Ed. Philadelphia-Bloco B-1(0) e2(0)andares
                          CEP 05693-000 Sao Paulo - SP
                       Tel: 11-3759-7531 Fax: 11-3759-7477<PAGE>
                                                                    Exhibit 10.8

[AOL LOGO]

Sao Paulo, November 8, 2002

Banco Itau S.A.
Rua Boa Vista, 176
Sao Paulo, SP, Brasil
C/O MR. MILTON MONTEIRO,
Fax: +55 (11) 5019-9271

         REF.:  CHANGES TO THE SMA - EXTENSION OF PERIOD OF NEGOTIATIONS

Dear Milton,

Reference is made to the negotiations of some changes to measurements of
performance and to Itau's marketing activities under the Strategic Interactive
Services and Marketing Agreement dated June 12, 2000, between America Online
Latin America, Inc. and AOL Brasil Ltda. ("AOLB") on the one hand (together
"AOLA") and Banco Itau S.A. ("Itau") on the other hand (the "Agreement").

As you know, pursuant to a letter signed on August 28, 2002, the Parties agreed
to extend the second Anniversary Date from December 24, 2002 to February 28,
2002. Although we have made significant progress, we have not yet reached a
final agreement on the referred changes We expect it will take more time for the
parties' legal teams to memorialize the agreed marketing plan in a final
document.

In accordance with our last understandings, each of AOLA, AOLB, and Itau agrees
that, for the purposes of the Agreement, the second Anniversary Date shall be
changed from February 28, 2002 to April 30, 2003.

In consideration of the extension of the Second Anniversary Date, AOLA, AOLB and
Itau each agree to continue to meet and to negotiate in good faith, until
November 20, 2002, the memorandum of agreement that may result in an amendment
to the Agreement.

In addition, AOLA, AOLB and Itau each agree that in the event they do not reach
an agreement regarding such memorandum of agreement by November 20, 2002, the
second Anniversary Date shall be considered automatically extended to April 30,
2003. This letter shall not amend or otherwise modify the Agreement in any way
other than to change the day of the second Anniversary Date.

Av. Marginal do Rio Pinheiros, 5200-Ed. Philadelphia-Bloco B-1(0)e 2(0)andares
                          CEP 05693-000 Sao Paulo - SP
                       Tel: 11-3759-7531 Fax: 11-3759-7477

<PAGE>

[AOL LOGO]

If you agree with the foregoing, please so indicate on behalf of Itau by signing
in the space provided below and returning a signed copy of this letter to us.

Yours Faithfully,

/s/ CARLOS TROSTLI                         /s/ CHARLES M. HERINGTON
-------------------------                  ----------------------------------
Carlos Trostli, President                  Charles Herington, President & CEO
AOL Brasil Ltda                            America Online Latin America, Inc

Acknowledged and Agreed:

/s/ MILTON MONTEIRO
--------------------------------------------     ---------------------------
Milton Monteiro                                  Date
Vice President
Banco Itau S.A.

/S/ HELI DE ANDRADE
--------------------------------------------     ---------------------------
Heli de Andrade                                  Date
Managing Director
Banco Itau S.A.

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