Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 36

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 36
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 to issue one or more classes or series of shares with preferred rights. Such preferences may include, for example,
dividend rights, conversion rights, redemption privileges, enhanced voting powers and liquidation preferences.

Despite the anti-takeover
provisions described above, under Cayman Islands law, Patria’s board of directors may only exercise the rights and powers granted
to them under the Articles of Association, for what they believe in good faith to be in the best interests of Patria.

Protection of Non-Controlling Shareholders

The Grand Court of the Cayman
Islands may, on the application of shareholders holding not less than one-fifth of the shares of Patria in issue, appoint an inspector
to examine the Company’s affairs and report thereon in a manner as the Grand Court shall direct.

Subject to the provisions
of the Companies Act, any shareholder may petition the Grand Court of the Cayman Islands, which may make a winding-up order, if the court
is of the opinion that this winding-up is just and equitable.

Notwithstanding the U.S.
securities laws and regulations that are applicable to Patria, general corporate claims against Patria by its shareholders must, as a
general rule, be based on the general laws of contract or tort applicable in the Cayman Islands or their individual rights as shareholders
as established by Patria’s Articles of Association.

The Cayman Islands courts
ordinarily would be expected to follow English case law precedents, which permit a minority shareholder to commence a representative action
against Patria, or derivative actions in Patria’s name, to challenge (1) an act which is ultra vires or illegal, (2) an
act which constitutes a fraud against the minority and the wrongdoers themselves control Patria, and (3) an irregularity in the passing
of a resolution that requires a qualified (or special) majority.

<div align='center'>20

Service of Process
and Enforcement of Civil Liabilities</div>

We are registered under the laws of the Cayman
Islands as an exempted company with limited liability. We are registered in the Cayman Islands because of certain benefits associated
with being a Cayman Islands company, such as political and economic stability, an effective judicial system, a favorable tax system, the
absence of foreign exchange control or currency restrictions and the availability of professional and support services. However, the Cayman
Islands have a less prescriptive body of securities laws as compared to the United States and provide protections