UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
America Online Latin America, Inc.
------------------------------------
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
--------------------------------------------------------
(Title of Class and Securities)
02365B100
-------------------------------------------
(CUSIP Number)
Alfredo Egydio Setubal
Banco Itau, S.A.
Rua Boa Vista, 185 - 8o andar
01014-913 Sao Paulo-SP, Brazil
55-11-237-3002
Copy to:
Paul T. Schnell
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, NY 10036
(212) 735-3000
------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 11, 2000
------------------------------------------------------------
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page. The information
required on the remainder of this cover page shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
SCHEDULE 13D
CUSIP No.02365B100 Page 2 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Banco Itau, S.A.
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
--------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 31,700,000 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
31,700,000 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,700,000 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
36.7% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
BK and CO
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 3 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Itau Bank, Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-----------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
---------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 7,925,000 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
7,925,000 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,925,000 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
9.2% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
BK and CO
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 4 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Itausa - Investimentos Itau. S.A.
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 31,700,000 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
31,700,000 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,700,000 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
36.7% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 5 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Companhia ESA
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 31,700,000 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
31,700,000 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,700,000 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
36.7% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 6 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Roberto Egydio Setubal
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
00
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 60,000 (See Item 5)
SHARES
-------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH
-------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 60,000 (See Item 5)
WITH
-------------------------------------
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,000 (See Item 5)
-----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.1% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 7 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Olavo Egydio Setubal
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 8 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Maria De Lourdes Egydio Villela
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
--------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%(See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 9 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Alfredo Egydio Arruda Villela Filho
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 10 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ana Lucia De Mattos Barretto Villela
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%(See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 11 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Eudoro Libanio Villela
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
--------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
SCHEDULE 13D
CUSIP No.02365B100 Page 12 of 28
------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Maria De Lourdes Arruda Villela
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 13 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ricardo Villela Marino
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 14 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Rodolfo Villela Marino
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 15 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Alfredo Egydio Setubal
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 16 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Jose Luiz Egydio Setubal
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 17 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Maria Alice Setubal
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 18 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Olavo Egydio Setubal Junior
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 19 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Paulo Setubal Neto
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
SCHEDULE 13D
CUSIP No.02365B100 Page 20 of 28
-------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ricardo Egydio Setubal
-------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
-------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------
4. SOURCE OF FUNDS*
-------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
-------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federative Republic of Brazil
-------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 (See Item 5)
SHARES _____________________________________
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (See Item 5)
EACH _____________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0 (See Item 5)
WITH _____________________________________
10. SHARED DISPOSITIVE POWER
0 (See Item 5)
-------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 5)
-------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES
(X)
-------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0% (See Item 5)
-------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------
Schedule 13D
Item 1. Security and Issuer.
-------------------
This statement on Schedule 13D (this "Schedule 13D") relates
to shares of Class A Common Stock, par value $0.01 per share (the
"Shares"), of America Online Latin America, Inc., a Delaware corporation
("AOLA"). The principal executive offices of AOLA are located at 6600 N.
Andrews Avenue, Suite 500, Fort Lauderdale, Florida 33309.
Item 2. Identity and Background.
-----------------------
(a)-(c), (f). This Schedule 13D is being filed by Banco
Itau, S.A., a Brazilian corporation (Sociedade Anonima) ("Itau"), Itau
Bank, Ltd., a Cayman Limited Liability Company ("Itau Bank"), Itausa -
Investimentos Itau, S.A., a Brazilian corporation (Sociedade Anonima)
("Itausa"), Companhia ESA, a Brazilian corporation (Sociedade Anonima)
("ESA"), and the shareholders of ESA, which include Eudoro Libanio Villela,
Maria de Lourdes Egydio Villela, Maria de Lourdes Arruda Villela, Ricardo
Villela Marino, Rodolfo Villela Marino, Roberto Egydio Setubal ("Mr.
Setubal"), Olavo Egydio Setubal, Olavo Egydio Setubal Junior, Alfredo
Egydio Arruda Villela Filho, Ana Lucia de Mattos Barretto Villela, Alfredo
Egydio Setubal, Jose Luiz Egydio Setubal, Maria Alice Setubal, Paulo
Setubal Neto and Ricardo Egydio Setubal (collectively, the "ESA
Shareholders" and, collectively with Itau, Itau Bank, Itausa and ESA, each
a "Reporting Person" and, collectively, the "Reporting Persons"). The
Reporting Persons are filing this Schedule 13D jointly, pursuant to the
Joint Filing Agreement described in Item 6.
Itau Bank is a wholly-owned subsidiary of Itau. Approximately
77.83% of the issued and outstanding voting securities of Itau are owned,
directly or indirectly, by Itausa. Approximately 59.73% of the issued and
outstanding voting securities of Itausa are owned, directly or indirectly,
by ESA and the ESA Shareholders, who are parties to a voting agreement that
provides for such ESA or Itausa securities, as the case may be, to be voted
as a block. Mr. Setubal is Director, President and Chief Executive Officer
of Itau, Executive Vice President of Itausa and a shareholder of ESA.
As of the date hereof, the names and business addresses and
the present principal business or present principal employment or
occupation of each of the Reporting Persons are set forth in Schedule I
attached hereto and incorporated herein by reference. As of the date
hereof, the present principal employment or occupation of each of the
directors and executive officers of each of the Reporting Persons which are
entities, are set forth in Schedule II attached hereto and incorporated
herein by reference. All individual Reporting Persons, and each of the
directors and executive officers of each of the Reporting Persons which are
entities, are citizens of Brazil. Itau, Itausa and ESA are Brazilian
corporations (Sociedades Anonimas). Itau Bank is a Cayman Limited Liability
Company.
(d) and (e). During the last five years, none of the
Reporting Persons (or, to the best knowledge of the Reporting Persons, any
of the directors or executive officers listed in Schedule II attached
hereto) (i) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
such activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The information set forth or incorporated by reference in
Item 5 is hereby incorporated by reference.
On August 11, 2000, AOLA issued 23,775,000 Shares directly
to Itau and 7,925,000 Shares directly to Itau Bank, at the same $8.00 per
Share price at which Shares were issued by AOLA in its initial public
offering ("IPO") consummated on August 11, 2000, in consideration of Itau
agreeing to enter into a strategic alliance with AOLA. Itau and Itau Bank
obtained the $190,200,000 and $63,400,000 used to purchase the 23,775,000
and 7,925,000 Shares, respectively, from Itau's working capital.
(Immediately after such purchases, AOLA made a payment to Itau in the same
amount in consideration of the formation of the strategic alliance.) Pursuant
to AOLA's 2000 Stock Plan, options to purchase 60,000 Shares at the IPO
price of $8.00 per Share (the "Options") were granted to Mr. Setubal in
consideration of his serving as a director of AOLA. (See Item 6.)
Item 4. Purpose of Transaction.
----------------------
The information set forth or incorporated by reference in
Items 5 and 6 is hereby incorporated by reference.
The Reporting Persons acquired the Shares for investment
purposes. (See Item 6.) Itau and Itau Bank may enter into one or more
repurchase or similar transactions with one or more financial institutions
with respect to some or all of the 31,700,000 Shares held by Itau and Itau
Bank, as contemplated in the Registration Rights Agreement (as defined
below). (See Item 6.)
Except as set forth above, the Reporting Persons have no
present plans or intentions which would result in, or relate to, any of the
transactions described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
The information set forth or incorporated by reference in
Items 2 and 6 is hereby incorporated by reference.
(a),(b), (c) As of the date hereof, Itau and Itau Bank are
the beneficial owners of 23,775,000 Shares and 7,925,000 Shares,
respectively, which they acquired on August 11, 2000, pursuant to the terms
of a Regulation S Stock Subscription Agreement, dated as of June 12,
2000, by and among Itau, Banco Banerj, S.A. ("Banerj") and AOLA (the
"Subscription Agreement"), and an Assignment Agreement (Contrato de Cessao
de Direitos), dated as of August 8, 2000, by and among Itau, Banerj and
Itau Bank (the "Assignment Agreement"). (See Item 6.) As of the date
hereof, Mr. Setubal is the beneficial owner of the Options, which were
granted to him on August 7, 2000 in his capacity as a director of AOLA.
(See Item 6.) Such Shares collectively represent approximately 36.7% of the
86,428,124 issued and outstanding Shares as of August 11, 2000 (assuming
the exercise of all issued and outstanding warrants and options to acquire
Shares).(1) Assuming the conversion of all issued and outstanding shares of
--------
(1) All percentage calculations included in this filing are based on
the number of shares of Class A Common Stock or other AOLA securities
outstanding on August 7, 2000, as represented by America Online Latin
America, Inc. in Amendment No. 13 to its Form S-1 Registration Statement
(File No. 333-95051), filed with the Securities and Exchange Commission on
August 7, 2000 (the "Effective Registration Statement").
capital stock convertible into, and the exercise of all issued and
outstanding warrants and options to acquire, Shares, the 31,700,000 Shares
beneficially owned by the Reporting Persons would represent approximately
11.1% of the 286,090,418 issued and outstanding Shares.
--------
As the sole shareholder of Itau Bank, Itau may be deemed to
have voting and dispositive power with respect to the 7,925,000 Shares
beneficially owned by Itau Bank and may therefore be deemed to be the
beneficial owner of such Shares. As the owner of 77.83% of the voting
securities of Itau, Itausa may be deemed to have voting and dispositive
power with respect to the 7,925,000 Shares beneficially owned by Itau Bank
and the 31,700,000 Shares beneficially owned by Itau and may therefore be
deemed to be the beneficial owners of such Shares. As the owners, directly
and indirectly, of 59.73% of the voting securities of Itausa, ESA and the
ESA Shareholders, collectively, may be deemed to have voting and
dispositive power with respect to such 31,700,000 Shares and may therefore
be deemed to be the beneficial owner of such Shares. In accordance with
Rule 13d-5(b)(1) of the General Rules and Regulations under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), to the extent a
"group" is deemed to exist among the Reporting Persons, each of the
Reporting Persons may be deemed to have beneficial ownership, for purposes
of Sections 13(g) and 13(d) of the Exchange Act, of the 7,925,000 Shares
beneficially owned by Itau Bank, the 23,775,000 Shares beneficially owned
by Itau, and the Options beneficially owned by Mr. Setubal. The filing of
this Schedule 13D, however, shall not be construed as an admission for the
purposes of Sections 13(d) and 13(g) and Regulation 13D-G of the Exchange
Act nor for any other purposes or under any other provision of the Exchange
Act or the rules promulgated thereunder that Itau is the beneficial owner
of the 7,925,000 Shares beneficially owned by Itau Bank, or that any of the
other Reporting Persons (other than the respective direct owners) is the
beneficial owner of any of the Shares beneficially owned by Itau, Itau Bank
or Mr. Setubal.
Itau and Banerj are parties to a Registration Rights and
Stockholders' Agreement, dated as of August 11, 2000, with AOLA and, for
certain limited purposes, America Online, Inc. ("AOL") and Riverview Media
Corp. ("Riverview") (the "Registration Rights Agreement"). The Registration
Rights Agreement is described under Item 6 of this Schedule 13D.
Pursuant to Rule 13d-5(b)(1) promulgated under the Exchange
Act, to the extent a "group" is deemed to exist by virtue of the
Registration Rights Agreement, each of the Reporting Persons may be deemed
to have beneficial ownership, for purposes of Sections 13(g) and 13(d) of
the Exchange Act, of all of the equity securities of AOLA beneficially
owned by AOL and Riverview. Accordingly, the Reporting Persons could be
deemed to beneficially own, as reported in the Effective Registration
Statement, an aggregate of 256,064,794 shares, or approximately 89.5% of the
286,090,418 issued and outstanding Shares (assuming the conversion of all
issued and outstanding shares of capital stock convertible into, and the
exercise of all issued and outstanding warrants and options to acquire,
Shares). The Reporting Persons disclaim beneficial ownership of any such
securities of AOLA owned directly or indirectly by AOL or Riverview.
To the best knowledge of the Reporting Persons, except as
set forth in this Schedule 13D, none of the persons listed in Schedule II
hereto beneficially owns any Shares.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
------------------------------------------------------
The information set forth or incorporated by reference in
Items 2 and 5 is hereby incorporated by reference.
On June 12, 2000, Itau and Banerj entered into the
Subscription Agreement. On August 8, 2000, pursuant to the Assignment
Agreement, Banerj assigned its rights and obligations under the
Subscription Agreement to Itau Bank.
On August 11, 2000, Itau and Banerj entered into the
Registration Rights Agreement. Pursuant to the Registration Rights
Agreement, among other things, AOLA appointed Mr. Setubal, Itau's designee,
to its Board of Directors, and AOL and Riverview have agreed to vote their
AOLA securities in favor of the election of Itau's nominee as a director of
AOLA. Pursuant to the Registration Rights Agreement, and the Assignment
Agreement, Itau and Itau Bank have agreed, subject to certain exceptions,
not to dispose of any of their Shares for an initial period of one year
from August 11, 2000, such Shares to thereafter be released from such
restriction in such amounts and at such times as set forth in such
Agreement.
Pursuant to a letter agreement, dated as of August 6, 2000,
from Mr. Setubal to Salomon Smith Barney, Inc., Donaldson, Lufkin &
Jenrette Securities Corporation, Lehman Brothers Inc. Cazenove & Co. and
Prudential Securities Incorporated, as Representatives of the underwriters
in the IPO (the "Underwriters"), Mr. Setubal has agreed not to dispose of
his Options or any Shares for a period of 180 days from August 7, 2000,
subject to certain exceptions (the "Setubal Letter Agreement"). Pursuant to
a letter agreement, dated as of August 6, 2000, from Itau to the
Underwriters, Itau has agreed not to dispose of its Shares for a period of
180 days from August 7, 2000, subject to certain exceptions (the "Itau
Letter Agreement").
Reference is made to the Joint Filing Agreement, dated as of
August 21, 2000, by and among the Reporting Persons.
The foregoing summary of certain provisions of the
Subscription Agreement, the Assignment Agreement, the Registration Rights
Agreement, the Setubal Letter Agreement, the Itau Letter Agreement and the
Joint Filing Agreement is not intended to be complete and is qualified in
its entirety by the complete text of such documents, which are included as
Exhibits 1-6 to this Schedule 13D and are incorporated herein by reference.
Except as set forth in this Schedule 13D, none of the
Reporting Persons and (to the best of the Reporting Persons' knowledge)
none of the persons named in Schedule II hereto, has any contracts,
arrangements, understandings or relationships (legal or otherwise) with any
person with respect to any securities of AOLA, including but not limited to
any contracts, arrangements, understandings or relationships concerning the
transfer or voting of such securities, finder's fees, joint ventures, loan
or option arrangements, puts or calls, guarantees of profits, division of
profits or losses, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit 1. Joint Filing Agreement, dated as of August 22, 2000, by and
among Banco Itau, S.A., Itau Bank, Ltd., Companhia ESA,
Itausa - Investimentos Itau, S.A., Eudoro Libanio Villela,
Maria de Lourdes Egydio Villela, Maria de Lourdes Arruda
Villela, Ricardo Villela Marino, Rodolfo Villela Marino,
Roberto Egydio Setubal, Olavo Egydio Setubal, Olavo Egydio
Setubal Junior, Alfredo Egydio Arruda Villela Filho, Ana
Lucia de Mattos Barretto Villela, Alfredo Egydio Setubal,
Jose Luiz Egydio Setubal, Maria Alice Setubal, Paulo Setubal
Neto and Ricardo Egydio Setubal.
Exhibit 2. Regulation S Stock Subscription Agreement, dated as of June
12, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A.
and America Online Latin America, Inc., incorporated hereto
by reference to Exhibit 10.14 to Amendment No. 6 to AOLA's
Form S-1 Registration Statement (File No. 333-95051), filed
with the Securities and Exchange Commission on June 16, 2000.
Exhibit 3. Assignment Agreement (Contrato de Cessao de Direitos), dated
as of August 8, 2000, by and among Banco Itau, S.A., Banco
Banerj, S.A. and Itau Bank, Ltd. and an English translation
thereof.
Exhibit 4. Registration Rights and Stockholders' Agreement, dated as of
August 11, 2000, by and among Banco Itau, S.A., Banco Banerj,
S.A. and America Online Latin America, Inc., and, for certain
limited purposes, America Online, Inc. and Riverview Media
Corp., incorporated hereto by reference to Exhibit 10.15 to
Amendment No. 6 to AOLA's Form S-1 Registration Statement
(File No. 333-95051), filed with the Securities and Exchange
Commission on June 16, 2000.
Exhibit 5. Letter Agreement, dated as of August 6, 2000, from Roberto
Egydio Setubal to Salomon Smith Barney, Inc., Donaldson,
Lufkin & Jenrette Securities Corporation, Lehman Brothers
Inc., Cazenove & Co. and Prudential Securities Incorporated,
as Representatives of the Underwriters to America Online
Latin America, Inc., in its initial public offering.
Exhibit 6. Letter Agreement, dated as of August 6, 2000, from Banco
Itau, S.A. to Salomon Smith Barney, Inc., Donaldson, Lufkin &
Jenrette Securities Corporation, Lehman Brothers Inc.,
Cazenove & Co. and Prudential Securities Incorporated, as
Representatives of the Underwriters to America Online Latin
America, Inc., in its initial public offering.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
---------------
Date
BANCO ITAU, S.A.
By: /s/ Roberto Egydio Setubal
---------------------------------------------
Name: Roberto Egydio Setubal
Title: President and Chief Executive Officer
By: /s/ Henri Penchas
---------------------------------------------
Name: Henri Penchas
Title: Senior Vice-President
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
---------------
Date
ITAU BANK, LTD.
By: /s/ Roberto Egydio Setubal
---------------------------------------------
Name: Roberto Egydio Setubal
Title: Director
By: /s/ Henri Penchas
---------------------------------------------
Name: Henri Penchas
Title: Director
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
---------------
Date
ITAUSA - INVESTIMENTOS ITAU, S.A.
By: /s/ Olavo Egydio Setubal
---------------------------------------
Name: Olavo Egydio Setubal
Title: President
By: /s/ Henri Penchas
---------------------------------------------
Name: Henri Penchas
Title: Executive Director
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
COMPANHIA ESA
By: /s/ Eudoro Libanio Villela
----------------------------------------------
Name: Eudoro Libanio Villela
Title: President
By: /s/ Olavo Egydio Setubal
---------------------------------------
Name: Olavo Egydio Setubal
Title: Vice-President
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
ROBERTO EGYDIO SETUBAL
/s/ Roberto Egydio Setubal
---------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
OLAVO EGYDIO SETUBAL
/s/ Olavo Egydio Setubal
-------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
MARIA DE LOURDES EGYDIO VILLELA
/s/ Maria de Lourdes Egydio Villela
-------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
ALFREDO EGYDIO ARRUDA VILLELA FILHO
/s/ Alfredo Egydio Arruda Villela Filho
-------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
ANA LUCIA DE MATTOS BARRETTO VILLELA
/s/ Ana Lucia de Mattos Barretto Villela
-------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
EUDORO LIBANIO VILLELA
/s/ Eudoro Libanio Villela
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
MARIA DE LOURDES ARRUDA VILLELA
/s/ Maria de Lourdes Arruda Villela
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
RICARDO VILLELA MARINO
/s/ Ricardo Villela Marino
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
RODOLFO VILLELA MARINO
/s/ Rodolfo Villela Marino
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
ALFREDO EGYDIO SETUBAL
/s/ Alfredo Egydio Setubal
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
JOSE LUIZ EGYDIO SETUBAL
/s/ Jose Luiz Egydio Setubal
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
MARIA ALICE SETUBAL
/s/ Maria Alice Setubal
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
OLAVO EGYDIO SETUBAL JUNIOR
/s/ Olavo Egydio Setubal Junior
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
PAULO SETUBAL NETO
/s/ Paulo Setubal Neto
--------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
August 21, 2000
----------------
Date
RICARDO EGYDIO SETUBAL
/s/ Ricardo Egydio Setubal
--------------------------------------------
<TABLE>
<CAPTION>
SCHEDULE I
Present Principal
Business or
Present Principal
Employment or
Name Occupation Principal Business Address
-------------------------------------------------------------------------------------------
<S> <C> <C>
Banco Itau, S.A. Financial Rua Boa Vista,176
Institution Sao Paulo-SP, Brazil
Itausa - Investimentos Holding Company Praca Alfredo Egydio de Souza
Itau, S.A. Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Companhia ESA Holding Company Praca Alfredo Egydio de Souza
Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Itau Bank, Ltd. Financial P.O. Box 10141 APO
Institution Ansbacher House, 3rd Floor
20 Genesis Close
George Town, Grand Cayman
Cayman Islands B.W.I.
Eudoro Libanio Villela Chairman of the Board, Rua Boa Vista,176
Itausa Sao Paulo-SP, Brazil
Maria de Lourdes Egydio Director, Rua Boa Vista,176
Villela Itau Sao Paulo-SP, Brazil
Maria de Lourdes Arruda Not Employed Rua Boa Vista,176
Villela Sao Paulo-SP, Brazil
Ricardo Villela Marino Engineering Student Rua Boa Vista,176
Sao Paulo-SP, Brazil
Rodolfo Villela Marino Business Administration Rua Boa Vista,176
Student Sao Paulo-SP, Brazil
Roberto Egydio Setubal Director and President Rua Boa Vista,176
and CEO, Itau Sao Paulo-SP, Brazil
Olavo Egydio Setubal Director and President Praca Alfredo Egydio de Souza
and CEO, Itausa Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Olavo Egydio Setubal Vice-President, Praca Alfredo Egydio de Souza
Junior Itau Seguros S.A. Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Alfredo Egydio Arruda Director, Itausa Rua Sansao Alves dos Santos, 102 cong. 71
Villela Filho Sao Paulo-SP, Brazil
Ana Lucia de Mattos Director, Itau Rua Sansao Alves dos Santos, 102 cong. 71
Barretto Villela Sao Paulo-SP, Brazil
Alfredo Egydio Setubal Executive Vice-President, Rua Boa Vista, 185
Itau Sao Paulo-SP, Brazil
Jose Luiz Egydio Setubal Managing Director, Rua Dr. Jesuino Maciel, 345
Itau Turismo Ltd. Sao Paulo-SP, Brazil
Maria Alice Setubal Manager, Mass Alameda Gabriel Monteiro da
Administracao de Silva, 2138
Bens Ltda. Sao Paulo-SP, Brazil
Paulo Setubal Neto Director, Itausa Av. Paulista, 1938
Sao Paulo-SP, Brazil
Ricardo Egydio Setubal Executive Vice-President, Rua Santa Catarina, 1
Itautec Philco S.A. Sao Paulo-SP, Brazil
------------------------------------- -------------------------- --------------------------------------
</TABLE>
<TABLE>
<CAPTION>
SCHEDULE II
Present
Principal Business Present Principal Business
of Entities and Principal Address
Positions of Directors Employment
Name and Executive Officers or Occupation
<S> <C> <C> <C>
Banco Itau, S.A. Financial Rua Boa Vista,176
a Brazilian Institution Sao Paulo, Brazil
Sociedade Anonima
Olavo Egydio Chairman of the Director and President Praca Alfredo Egydio de
Setubal Board of and CEO, Itausa Souza Aranha, 100
Directors Torre Itausa
Sao Paulo-SP, Brazil
Eudoro Libanio Vice-Chairman of Chairman of the Rua Boa Vista, 176
Villela the Board of Board, Itausa Sao Paulo-SP, Brazil
Directors
Jose Carlos Vice-Chairman of Vice-Chairman of the Pca. Alfredo Egydio de
Moraes Abreu the Board of Board and Director- Souza Aranha, 100
Directors General, Itausa Torre Itausa
Sao Paulo-SP, Brazil
Ana Lucia de Mattos Director Director, Itau Rua Sansao Alves
Barretto Villela dos Santos, 102
cong. 71
Sao Paulo-SP, Brazil
Carlos da Camara Director Director, Itau Rua Boa Vista, 176
Pestana Sao Paulo-SP, Brazil
Henri Penchas Director and Senior Director and Senior Pca. Alfredo Egydio de
Vice-President Vice-President, Itau Souza Aranha, 100
Torre Conceicao
Sao Paulo-SP, Brazil
Jairo Cupertino Director Director, Itau Pca. Alfredo Egydio de
Souza Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Luiz Assumpcao Director Director, Itau Rua Boa Vista, 176
Queiroz Guimaraes Sao Paulo-SP, Brazil
Luiz de Moraes Director Director, Itausa Av. Paulista, 1938
Barros Sao Paulo-SP, Brazil
Maria de Lourdes Director Director, Itau Rua Boa Vista,176
Egydio Villela Sao Paulo-SP, Brazil
Mauricio Libanio Director Director, Itau Av. Presidente Antonio
Villela Carlos, 615
Rio de Janeiro-RJ, Brazil
Roberto Egydio Director and Director and President Rua Boa Vista, 176
Setubal President and CEO and CEO, Itau Sao Paulo-SP, Brazil
Sergio Silva de Director and Senior Vice-President, Rua Boa Vista,176
Freitas Senior Vice- Itau Sao Paulo-SP, Brazil
President
Alberto Dias de Executive Executive Vice-President, Rua Boa Vista, 176
Mattos Barretto Vice-President Itau Sao Paulo-SP, Brazil
Alfredo Egydio Executive Executive Vice-President, Rua Boa Vista, 185
Setubal Vice-President Itau Sao Paulo-SP, Brazil
Antonio Jacinto Executive Executive Vice-President, Rua Boa Vista, 176
Matias Vice-President Itau Sao Paulo-SP, Brazil
Humberto Fabio Executive Executive Vice-President, Rua Boa Vista, 176
Fischer Pinotti Vice-President Itau Sao Paulo-SP, Brazil
Milton Luis Ubach Executive Executive Vice-President, Rua Boa Vista, 176
Monteiro Vice-President Itau Sao Paulo-SP, Brazil
Renato Roberto Executive Executive Vice-President, Av. do Estado, 5533
Cuoco Vice-President Itau Sao Paulo-SP, Brazil
Luciano da Silva Legal Legal Consultant, Itau Pca. Alfredo Egydio de
Amaro Consultant Souza Aranha, 100
Torre Conceicao
Sao Paulo-SP, Brazil
Antonio Carlos Executive Executive Director, Itau Rua Boa Vista, 185
Barbosa de Director Sao Paulo-SP, Brazil
Oliveira
Joao Jaco Executive Executive Director, Itau Rua Boa Vista, 176
Hazarabedian Director Sao Paulo-SP, Brazil
Luiz Christiano Executive Executive Director, Itau Pca. Alfredo Egydio de
de Lima Alves Director Souza Aranha, 100
Torre Alfredo Egydio
Sao Paulo-SP, Brazil
Rodolfo Henrique Executive Executive Director, Itau Rua Boa Vista, 176
Fischer Director Sao Paulo-SP, Brazil
Ronald Anton de Executive Executive Director, Itau Rua Boa Vista, 176
Jongh Director Sao Paulo-SP, Brazil
Ruy Villela Executive Executive Director, Itau Rua Boa Vista, 176
Moraes Abreu Director Sao Paulo-SP, Brazil
Itausa - Holding Company Praca Alfredo Egydio de
Investimentos Souza Aranha, 100
Itau, S.A., Torre Itausa
a Brazilian Sao Paulo-SP, Brazil
Sociedade Anonima
Olavo Egydio Director and Director and President Praca Alfredo Egydio de
Setubal President and CEO and CEO, Itausa Souza Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Eudoro Libanio Villela Chairman of the Chairman of the Board, Rua Boa Vista,176
Board of Directors Itausa Sao Paulo-SP, Brazil
Jose Carlos Vice-Chairman of Vice-Chairman of the Pca. Alfredo Egydio de
Moraes Abreu the Board of Board and Director Souza Aranha, 100
Directors and -General, Itausa Torre Itausa
Director- Sao Paulo-SP, Brazil
General
Alfredo Egydio Director Director, Itausa Rua Sansao Alves dos
Arruda Villela Santos, 102 cong. 71
Filho Sao Paulo-SP, Brazil
Luiz de Moraes Director Director, Itausa Av. Paulista, 1938
Barros Sao Paulo-SP, Brazil
Paulo Setubal Neto Director Director, Itausa Av. Paulista, 1938
Sao Paulo-SP, Brazil
Jairo Cupertino Executive Vice- Executive Vice-President, Pca. Alfredo Egydio de
President Itausa Souza Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Roberto Egydio Setubal Executive Director and President Rua Boa Vista,176
Vice-President and CEO, Itau Sao Paulo-SP, Brazil
Henri Penchas Executive Director Director and Senior Pca. Alfredo Egydio de
Vice-President, Itau Souza Aranha, 100
Torre Conceicao
Sao Paulo-SP, Brazil
Luiz de Campos Executive President, Itau Pca. Alfredo Egydio de
Salles Director Seguros Souza Aranha, 100
S.A. Torre Itausa
Sao Paulo-SP, Brazil
Companhia ESA, Holding Company Praca Alfredo Egydio de
a Brazilian Souza Aranha, 100
Sociedade Anonima Torre Itausa
Sao Paulo-SP, Brazil
Eudoro Libanio Chairman of the Chairman of the Board, Rua Boa Vista, 176
Villela Board of Itausa Sao Paulo-SP, Brazil
Directors and
President and CEO
Olavo Egydio Vice-Chairman of Director and President Praca Alfredo Egydio de
Setubal the Board of and CEO, Itausa Souza Aranha, 100
Directors and Torre Itausa
Vice-President Sao Paulo-SP, Brazil
Alfredo Egydio Director and Director, Itausa Rua Sansao Alves dos
Arruda Villela Officer Santos, 102 cong. 71
Filho Sao Paulo-SP, Brazil
Alberto Dias de Director Executive Vice-President, Rua Boa Vista, 176
Mattos Barretto Itau Sao Paulo-SP, Brazil
Ana Lucia de Director Director, Itau Rua Sansao Alves dos
Mattos Barretto Santos, 102 cong. 71
Villela Sao Paulo-SP, Brazil
Jose Luiz Egydio Director Managing Director, Itau Rua Dr. Jesuino Maciel,
Setubal Turismo 345
Ltda. Sao Paulo-SP, Brazil
Maria Alice Director Manager, Mass Alameda Gabriel Monteiro
Setubal Administrac da Silva, 2138
ao de Bens Sao Paulo-SP, Brazil
Ltda.
Maria de Lourdes Director Not Employed Rua Boa Vista, 176
Arruda Villela Sao Paulo-SP, Brazil
Maria de Lourdes Director Director, Itau Rua Boa Vista, 176
Egydio Villela Sao Paulo-SP, Brazil
Paulo Setubal Director Director, Itausa Av. Paulista, 1938
Neto Sao Paulo-SP, Brazil
Roberto Egydio Director Director and President Rua Boa Vista, 176
Setubal and CEO, Itau Sao Paulo-SP, Brazil
Olavo Egydio Director Vice-President, Itau Praca Alfredo Egydio de
Setubal Junior Seguros Souza Aranha, 100
S.A. Torre Itausa
Sao Paulo-SP, Brazil
Itau Bank, Ltd., Financial P.O. Box 10141 APO
a Cayman Limited Institution Ansbacher House, 3rd Floor
Liability Company 20 Genesis Close
George Town, Grand Cayman
Cayman Islands B.W.I.
Olavo Egydio Director Director and President Praca Alfredo Egydio de
Setubal and CEO, Itausa Souza Aranha, 100
Torre Itausa
Sao Paulo-SP, Brazil
Jose Carlos Director Vice-Chairman of the Pca. Alfredo Egydio de
Moraes Abreu Board, and Director- Souza Aranha, 100
General, Itausa Torre Itausa
Sao Paulo-SP, Brazil
Henri Penchas Director Director and Senior Pca. Alfredo Egydio de
Vice-President, Itau Souza Aranha, 100
Torre Conceicao
Sao Paulo-SP, Brazil
Roberto Egydio Director Director and President Rua Boa Vista,176
Setubal and CEO, Itau Sao Paulo-SP, Brazil
Carlos Da Camara Director Director and Senior Vice- Rua Boa Vista, 176
Pestana President, Itau Sao Paulo-SP, Brazil
Sergio Silva De Director Executive Vice-President, Rua Boa Vista, 176
Freitas Itau Sao Paulo-SP, Brazil
Alberto Dias De Director Director, Itau Rua Boa Vista, 176
Mattos Barretto Sao Paulo-SP, Brazil
Fernando Antonio Director Managing Director, Itau Rua Boa Vista, 176
Neves Lima Sao Paulo-SP, Brazil
Paulo Roberto Director Senior Managing Rua Boa Vista, 176
Soares Director, Itau Sao Paulo-SP, Brazil
</TABLE>
EXHIBIT INDEX
Exhibit 1. Joint Filing Agreement, dated as of August 22, 2000, by and
among Banco Itau, S.A., Itau Bank, Ltd., Companhia ESA,
Itausa - Investimentos Itau, S.A., Eudoro Libanio Villela,
Maria de Lourdes Egydio Villela, Maria de Lourdes Arruda
Villela, Ricardo Villela Marino, Rodolfo Villela Marino,
Roberto Egydio Setubal, Olavo Egydio Setubal, Olavo Egydio
Setubal Junior, Alfredo Egydio Arruda Villela Filho, Ana
Lucia de Mattos Barretto Villela, Alfredo Egydio Setubal,
Jose Luiz Egydio Setubal, Maria Alice Setubal, Paulo Setubal
Neto and Ricardo Egydio Setubal.
Exhibit 2. Regulation S Stock Subscription Agreement, dated as of June
12, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A.
and America Online Latin America, Inc., incorporated hereto
by reference to Exhibit 10.14 to Amendment No. 6 to AOLA's
Form S-1 Registration Statement (File No. 333-95051), filed
with the Securities and Exchange Commission on June 16, 2000.
Exhibit 3. Assignment Agreement (Contrato de Cessao de Direitos), dated
as of August 8, 2000, by and among Banco Itau, S.A., Banco
Banerj, S.A. and Itau Bank, Ltd. and an English translation
thereof.
Exhibit 4. Registration Rights and Stockholders' Agreement, dated as of
August 11, 2000, by and among Banco Itau, S.A., Banco Banerj,
S.A. and America Online Latin America, Inc., and, for certain
limited purposes, America Online, Inc. and Riverview Media
Corp., incorporated hereto by reference to Exhibit 10.15 to
Amendment No. 6 to AOLA's Form S-1 Registration Statement
(File No. 333-95051), filed with the Securities and Exchange
Commission on June 16, 2000.
Exhibit 5. Letter Agreement, dated as of August 6, 2000, from Roberto
Egydio Setubal to Salomon Smith Barney, Inc., Donaldson,
Lufkin & Jenrette Securities Corporation, Lehman Brothers
Inc. Cazenove & Co. and Prudential Securities Incorporated,
as Representatives of the Underwriters to America Online
Latin America, Inc., in its initial public offering.
Exhibit 6. Letter Agreement, dated as of August 6, 2000, from Banco
Itau, S.A. to Salomon Smith Barney, Inc., Donaldson, Lufkin &
Jenrette Securities Corporation, Lehman Brothers Inc.
Cazenove & Co. and Prudential Securities Incorporated, as
Representatives of the Underwriters to America Online Latin
America, Inc., in its initial public offering.
Exhibit 1
JOINT FILING AGREEMENT
The undersigned hereby agree, pursuant to Rule 13d-1(k) of
the Securities Exchange Act of 1934, as amended, to file a joint statement
on Schedule 13D and amendments thereto pertaining to their beneficial
ownership of shares of Class A Common Stock, par value $0.01 per share, of
America Online Latin America, Inc.
This agreement may be terminated for any reason by any party
hereto immediately upon the personal delivery or facsimile transmission of
notice to that effect to the other parties hereto.
This agreement may be executed in counterparts and all so
executed shall constitute the agreement.
Dated August 21, 2000
BANCO ITAU, S.A.
By: /s/ Roberto Egydio Setubal
---------------------------------------------
Name: Roberto Egydio Setubal
Title: President and Chief Executive Officer
By: /s/ Henri Penchas
---------------------------------------------
Name: Henri Penchas
Title: Senior Vice-President
ITAU BANK, LTD.
By: /s/ Roberto Egydio Setubal
---------------------------------------------
Name: Roberto Egydio Setubal
Title: Director
By: /s/ Henri Penchas
---------------------------------------------
Name: Henri Penchas
Title: Director
ITAUSA - INVESTIMENTOS ITAU, S.A.
By: /s/ Olavo Egydio Setubal
----------------------------------------------
Name: Olavo Egydio Setubal
Title: President
By: /s/ Henri Penchas
---------------------------------------------
Name: Henri Penchas
Title: Executive Director
COMPANHIA ESA
By: /s/ Eudoro Libanio Villela
---------------------------------------------
Name: Eudoro Libanio Villela
Title: President and Chief Executive Officer
By: /s/ Olavo Egydio Setubal
---------------------------------------
Name: Olavo Egydio Setubal
Title: Vice-President
ROBERTO EGYDIO SETUBAL
/s/ Roberto Egydio Setubal
---------------------------------------------
OLAVO EGYDIO SETUBAL
/s/ Olavo Egydio Setubal
-------------------------------------------
MARIA DE LOURDES EGYDIO VILLELA
/s/ Maria de Lourdes Egydio Villela
-------------------------------------------
ALFREDO EGYDIO ARRUDA VILLELA FILHO
-------------------------------------------
/s/ Alfredo Egydio Arruda Villela Filho
ANA LUCIA DE MATTOS BARRETTO VILLELA
-------------------------------------------
/s/ Ana Lucia de Mattos Barretto Villela
EUDORO LIBANIO VILLELA
/s/ Eudoro Libanio Villela
--------------------------------------------
MARIA DE LOURDES ARRUDA VILLELA
/s/ Maria de Lourdes Arruda Villela
--------------------------------------------
RICARDO VILLELA MARINO
/s/ Ricardo Villela Marino
--------------------------------------------
RODOLFO VILLELA MARINO
/s/ Rodolfo Villela Marino
--------------------------------------------
ALFREDO EGYDIO SETUBAL
/s/ Alfredo Egydio Setubal
--------------------------------------------
JOSE LUIZ EGYDIO SETUBAL
/s/ Jose Luiz Egydio Setubal
--------------------------------------------
MARIA ALICE SETUBAL
/s/ Maria Alice Setubal
--------------------------------------------
OLAVO EGYDIO SETUBAL JUNIOR
/s/ Olavo Egydio Setubal Junior
--------------------------------------------
PAULO SETUBAL NETO
/s/ Paulo Setubal Neto
--------------------------------------------
RICARDO EGYDIO SETUBAL
/s/ Ricardo Egydio Setubal
--------------------------------------------
WITNESS:
By:_______________________
Name:
Title:
WITNESS:
By:_______________________
Name:
Title:
Exhibit 3
CONTRATO DE CESSAO DE DIREITOS
Banco Itau S.A., com sede na Rua Boa Vista, 176, Sao Paulo, CNPJ
60.701.190/0001-04; Banco Banerj S.A., com sede na Rua da Alfandega, 28 -
9(o) andar, Rio de Janeiro, CNPJ 33.885.724/0001-19 (CEDENTES), e Itau Bank
Ltd., Ansbacher House, 3rd Floor, 20 Genesis Close - P.O. Box 10141, Grand
Cayman, Cayman Islands, B.W.I. (CESSIONARIO), contratam o que segue.
1. Em 12.06.2000, os CEDENTES celebraram com America Online Latin
America, Inc. (CIA.) o contrato Regulation S Stock Subscription Agreement
(CONTRATO), por meio do qual adquiriram o direito de subscrever 12% do
capital social da CIA., na forma e pelo modo previstos no CONTRATO.
2. Nos termos da clausula 7.05 do CONTRATO, os CEDENTES cedem ao
CESSIONARIO 1/4 (um quarto) dos seus direitos de subscricao objeto do
CONTRATO.
2.1. Os restantes 3/4(tres quartos) desses direitos serao exercidos
integralmente pelo Banco Itau S.A., agindo por sua agencia em
Cayman Islands.
3. Os CEDENTES declaram-se solidariamente responsaveis com o CESSIONARIO
pelas obrigacoes decorrentes do CONTRATO.
Este instrumento e assinado em 5 (cinco) vias.
Sao Paulo, 08 de agosto de 2000
CEDENTES:
/s/ Ruy Villela Moraes Abreu /s/ Roberto Egydio Setubal
--------------------------------------------------------------
Banco Itau S.A.
/s/ Humberto Fabio Fischer Pinotti /s/ Roberto Egydio Setubal
--------------------------------------------------------------
Banco Banerj S.A.
CESSIONARIO:
/s/ Alberto Dias de Mattos Barretto /s/ Roberto Egydio Setubal
--------------------------------------------------------------
Itau Bank Ltd.
TESTEMUNHAS:
------------------------------ ------------------------------
ASSIGNMENT AGREEMENT (TRANSLATION)
Banco Itau S.A., located at Rua Boa Vista, 176, Sao Paulo,
CNPJ 60.701.190/0001-04; and Banco Banerj S.A., located at Rua da
Alfandega, 28, 9th Floor, Rio de Janeiro, CNPJ 33.885.724/0001-19 (the
"Assignors") and Itau Bank Ltd., Ansbacher House, 3rd Floor, 20 Genesis
Close - P.O. Box 10141, Grand Cayman, Cayman Islands B.W.I. (the "Assignee")
contract as follows:
1. On June 12, 2000, the Assignors entered into the Regulation S Stock
Subscription Agreement (the "Agreement") with America Online Latin America,
Inc. ("AOLA"), whereby they acquired the right to subscribe 12% of the
capital stock of AOLA under the terms and conditions set forth in the
Agreement.
2. Under the terms of Section 7.05 of the Agreement, the Assignors
hereby assign to the Assignee 1/4 (one fourth) of their rights of subscription
under the Agreement.
2.1 The remaining 3/4 (three fourths) of such rights will be exercised
by Banco Itau S.A.'s branch located in the Cayman Islands.
3. The Assignors and the Assignee both remain jointly and severally
liable under the obligations set forth in the Agreement.
This Assignment Agreement is executed in five (5) counterparts.
Sao Paulo, August 8, 2000
ASSIGNORS: /s/ Ruy Villela Moraes Abreu /s/ Roberto Egydio Setubal
-------------------------------------------------------------
Banco Itau S.A.
/s/ Humberto Fabio Fischer Pinotti /s/ Roberto Egydio Setubal
-------------------------------------------------------------
Banco Banerj S.A.
ASSIGNEE: /s/ Alberto Dias de Mattos Barretto /s/ Roberto Egydio Setubal
--------------------------------------------------------------
Itau Bank Ltd.
WITNESSES:
---------------------------- -----------------------
Exhibit 5
America Online Latin America, Inc.
Public Offering of Common Stock
August , 2000
Salomon Smith Barney Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Lehman Brothers Inc.
Cazenove & Co.
Prudential Securities Incorporated As Representatives of the several
Underwriters, c/o Salomon Smith Barney Inc.
388 Greenwich Street
New York, New York 10013
Ladies and Gentlemen:
This letter is being delivered to you in connection with the
proposed Underwriting Agreement (the "Underwriting Agreement"), between
America Online Latin America, Inc., a Delaware corporation (the "Company"),
and each of you as representatives of a group of Underwriters named
therein, relating to an underwritten public offering of Class A Common
Stock, $.01 par value (the "Common Stock"), of the Company. Terms not
otherwise defined herein shall have the meanings ascribed to them in the
Registration Rights and Stockholders' Agreement amongst the Company, Banco
Itau, S.A., a Brazilian Sociedade Anonima ("Itau") and Banco Banerj, S.A.,
a Brazilian Sociedade Anonima (the "Registration Rights and Stockholders'
Agreement").
In order to induce you and other Underwriters to enter into
the Underwriting Agreement, the undersigned will not, without the prior
written consent of Salomon Smith Barney Inc. and Donaldson, Lufkin &
Jenrette Securities Corporation, offer, sell, contract to sell, pledge or
otherwise dispose of, (or enter into any transaction which is designed to,
or might reasonably be expected to, result in the disposition (whether by
actual disposition or effective economic disposition due to cash settlement
or otherwise) by the undersigned or any affiliate of the undersigned)
directly or indirectly, including the filing (or participation in the
filing) of a registration statement with the Securities and Exchange
Commission in respect of, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the
meaning of Section 16 of the Securities Exchange Act of 1934, as amended,
and the rules and regulations of the Securities and Exchange Commission
promulgated thereunder with respect to, any shares of capital stock of the
Company or any securities convertible into, or exercisable or exchangeable
for such capital stock, or publicly announce an intention to effect any
such transaction, for a period of 180 days after the date of the
Underwriting Agreement.
It is agreed and understood that nothing in this Agreement
shall prohibit the undersigned from (1) exercising any stock option granted
as a direct or indirect result of any Company program, including, but not
limited to, any form of "cashless" exercise generally available for such
grants, provided that the net resulting shares from such exercise are not
sold during the period in this Agreement; (2) transferring Company stock to
the acquiring entity in the event the Company is consolidated with or
acquired by another entity in a merger, tender offer or otherwise; (3)
using any Company stock or stock options as collateral for a loan; (4)
gifting any Company stock to family members or family trusts; and (5)
transferring Company stock to any affiliates, as such term is defined in
Rule 405 under the Securities Act of 1933, as amended, provided that in the
case of transfers under clauses (3) through (5), such transferee executes
this Agreement or an agreement substantially similar in form.
It is also agreed and understood that nothing in this
Agreement shall prohibit the undersigned or its affiliates from (1)
transferring the Shares to Permitted Stockholders Affiliates or (2)
entering into Repo transactions effected in accordance with the provisions
of Section 10.1(f) in the Registration Rights and Stockholders' Agreement.
If for any reason the Underwriting Agreement shall be
terminated prior to the Closing Date (as defined in the Underwriting
Agreement), the Agreement set forth above shall likewise be terminated.
Yours very truly,
/s/ Roberto Egydio Setubal
--------------------------------
Name: Roberto Egydio Setubal
Exhibit 6
America Online Latin America, Inc.
Public Offering of Common Stock
, 2000
Salomon Smith Barney Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Lehman Brothers Inc.
Cazenove & Co.
Prudential Securities Incorporated As Representatives of the several
Underwriters, c/o Salomon Smith Barney Inc.
388 Greenwich Street
New York, New York 10013
Ladies and Gentlemen:
This letter is being delivered to you in connection with the
proposed Underwriting Agreement (the "Underwriting Agreement"), between
America Online Latin America, Inc., a Delaware corporation (the "Company"),
and each of you as representatives of a group of Underwriters named
therein, relating to an underwritten public offering of Class A Common
Stock, $.01 par value (the "Common Stock"), of the Company. Terms not
otherwise defined herein shall have the meanings ascribed to them in the
Registration Rights and Stockholders Agreement amongst the Company, Banco
Itau, S.A., a Brazilian Sociedade Anonima ("Itau") and Banco Banerj, S.A.,
a Brazilian Sociedade Anonima (the "Registration Rights and Stockholders
Agreement").
In order to induce you and other Underwriters to enter into
the Underwriting Agreement, the undersigned will not, without the prior
written consent of Salomon Smith Barney Inc. and Donaldson, Lufkin &
Jenrette Securities Corporation, offer, sell, contract to sell, pledge or
otherwise dispose of, (or enter into any transaction which is designed to,
or might reasonably be expected to, result in the disposition (whether by
actual disposition or effective economic disposition due to cash settlement
or otherwise) by the undersigned or any affiliate of the undersigned)
directly or indirectly, including the filing (or participation in the
filing of) a registration statement with the Securities and Exchange
Commission in respect of, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the
meaning of Section 16 of the Securities Exchange Act of 1934, as amended,
and the rules and regulations of the Securities and Exchange Commission
promulgated thereunder with respect to, any shares of capital stock of the
Company or any securities convertible into, or exercisable or exchangeable
for such capital stock, or publicly announce an intention to effect any
such transaction, for a period of 180 days after the date of the
Underwriting Agreement, other than shares of Common Stock disposed of as
bona fide gifts approved by Salomon Smith Barney Inc. and Donaldson, Lufkin
& Jenrette Securities Corporation.
It is agreed and understood that nothing in this agreement
shall prohibit the undersigned or its affiliates from (1) transferring
Common Stock to Permitted Stockholder Affiliates or (2) entering into Repo
transactions effected in accordance with the provisions of Section 10.1(f)
in the Registration Rights and Stockholders' Agreement.
If for any reason the Underwriting Agreement shall be
terminated prior to the Closing Date (as defined in the Underwriting
Agreement), the agreement set forth above shall likewise be terminated.
Yours very truly,
BANCO ITAU, S.A.
By: /s/ Antonio Carlos Genoveze /s/ Marcelo Sanchez
--------------------------------------------------
Name: Antonio Carlos Genoveze Marcelo Sanchez
Address:
