Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 27

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 27
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 order and safety, limitations on
the time allotted to questions or comments on the affairs of the Company, restrictions on entry to such meeting after the time prescribed
for the commencement thereof, and the opening and closing of the polls.

Liquidation Rights

If Patria is voluntarily
wound up, the liquidator, after taking into account and giving effect to the rights of preferred and secured creditors and to any agreement
between Patria and any creditors that the claims of such creditors shall be subordinated or otherwise deferred to the claims of any other
creditors and to any contractual rights of set-off or netting of claims between Patria and any person or persons (including without limitation
any bilateral or any multilateral set-off or netting arrangements between the Company and any person or persons), and subject to any agreement
between Patria and any person or persons to waive or limit the same, shall apply Patria’s property in satisfaction of its liabilities
pari passu and subject thereto shall distribute the property amongst the shareholders according to their rights and interests in
Patria.

Changes to Capital

Pursuant to the Articles
of Association, Patria may from time to time by ordinary resolution:

| • | increase its share capital by such sum, to be divided into shares of such amount, as the resolution shall 
 prescribe;                                                                                                |

| • | consolidate and divide all or any of its share capital into shares of a larger amount than its existing 
 shares;                                                                                                 |

| • | convert all or any of its paid-up shares into stock and reconvert that stock into paid-up shares of any 
 denomination;                                                                                           |

| • | subdivide its existing shares or any of them into shares of a smaller amount, provided that in the subdivision                         
 the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of 
 the share from which the reduced share is derived; or                                                                                  |

| • | cancel any shares which, at the date of the passing of the resolution, have not been issued or agreed            
 to be issued to any person and diminish the amount of its share capital by the amount of the shares so canceled. |

Patria’s shareholders
may by special resolution, subject to confirmation by the Grand Court of the Cayman Islands on an application by the Company for an order
confirming such reduction, reduce its share capital or any capital redemption reserve in any manner permitted by law.

In addition, subject to the
provisions