Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 31

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 31
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’s shares are admitted to trading on Nasdaq, the board of directors must always comply with the residency and citizenship
requirements of the U.S. securities laws applicable to foreign private issuers.

The Articles of Association
provide that directors shall be elected by an ordinary resolution of our shareholders, which requires the affirmative vote of a simple
majority of the votes cast on the resolution by the shareholders entitled to vote who are present, in person or by proxy, at the meeting.
Each director shall be appointed and elected for such term as the resolution appointing him or her may determine or until his or her death,
resignation or removal.

On October 1, 2010,
we entered into a shareholders’ agreement, or the “Shareholders’ Agreement,” with Patria Holdings Limited and
Blackstone PAT Holdings IV, L.L.C. The Shareholders’ Agreement contains certain customary provisions, including the rights of Patria
Holdings Limited and Blackstone PAT Holdings IV, L.L.C. to designate a certain number of the members of our board of directors. The Shareholders’
Agreement (including the board designation rights and Patria’s rights with respect to use of the Blackstone name) was terminated
in connection with the completion of our initial public offering, except for certain provisions that survive in accordance with the terms
of the Shareholders’ Agreement, including drag-along and tag-along rights.

Our directors are Olimpio
Matarazzo Neto, Otavio Lopes Castello Branco Neto, Alexandre Teixeira de Assumpção Saigh, Pablo Echeverría Benítez,
Sabrina Bridgett Foster, Jennifer Anne Collins and Glen George Wigney. Sabrina Bridgett Foster, Jennifer Anne Collins and Glen George
Wigney are “independent” as that term is defined under the applicable rules and regulations of the SEC and the listing standards
of Nasdaq. For more information on the current composition of our board of directors and our independent directors, see “Item 6.
Directors, Senior Management and Employees—A. Directors and Senior Management” in our 2022 Form 20-F.

Any vacancies on the board
of directors that arise other than upon the removal of a director by resolution passed at a general meeting can be filled by the remaining
directors (notwithstanding that they may constitute less than a quorum). Any such appointment shall be as an interim director to fill
such vacancy until the next annual general meeting of shareholders.

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