Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 37

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 37
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 for investors to a significantly
lesser extent. In addition, Cayman Islands companies may not have standing to sue before the federal courts of the United States. Maples
and Calder (Cayman) LLP, our counsel as to Cayman Islands law has advised us that there is uncertainty as to whether the courts of the
Cayman Islands would, respectively, (1) recognize or enforce judgments of United States courts obtained against us or our directors
or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States,
or (2) entertain original actions brought in the Cayman Islands against us or our directors or officers predicated upon the securities
laws of the United States or any state in the United States.

We have appointed Patria Investments Limited,
with offices at 601 Lexington Avenue, 17th floor, New York, NY 10022, as our agent to receive service of process with respect to any action
brought against us in the United States under the federal securities laws of the United States or of any state in the United States arising
out of this offering.

Our Cayman Islands counsel has informed us that
the uncertainty with regard to Cayman Islands law relates to whether a judgment obtained from the United States courts under civil liability
provisions of the securities laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. If such a determination
is made, the courts of the Cayman Islands will not recognize or enforce the judgment against a Cayman Islands’ company. Because
the courts of the Cayman Islands have yet to rule on whether such judgments are penal or punitive in nature, it is uncertain whether they
would be enforceable in the Cayman Islands.

Our Cayman Islands counsel has further advised
us that a final and conclusive judgment in the federal or state courts of the United States under which a sum of money is payable, other
than a sum payable in respect of taxes, fines, penalties or similar charges, may be subject to enforcement proceedings as a debt in the
courts of the Cayman Islands under the common law doctrine of obligation.

Virtually all of our assets are located outside
the United States, in Brazil. In addition, a majority of the members of our board of directors and all of our officers are nationals or
residents of Brazil and all or a substantial portion of their assets are located outside the United States. As a result, it may be difficult
for investors to