Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 30

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 30
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 Patria’s
common shares from time to time. In the event that a dividend is paid in the form of Class A common shares or Class B common
shares, or rights to acquire Class A common shares or Class B common shares, (1) the holders of Class A common shares
shall receive Class A common shares, or rights to acquire Class A common shares, as the case may be; and (2) the holder
of Class B common shares shall receive Class B common shares, or rights to acquire Class B common shares, as the case may
be.

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Appointment, Disqualification and Removal of Directors

Patria is managed by its
board of directors. The Articles of Association provide that, unless otherwise determined by a special resolution of shareholders, the
board of directors will be composed of four to 11 directors, with the number being determined by a majority of the directors then in office.
There are no provisions relating to retirement of directors upon reaching any age limit. The Articles of Association also provide that,
while Patria’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