Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 40

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 40
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 or the selling shareholders will sell securities to the dealers
as principals. The dealers may then resell the securities to the public at varying prices that the dealers may determine at the time of
resale.

Agents and Direct Sales

We or any selling shareholders may sell securities
directly or through agents that we or the selling shareholders designate. The prospectus supplement names any agent involved in the offering
and sale and states any commissions we or the selling shareholders will pay to that agent. Unless indicated otherwise in the prospectus
supplement, any agent is acting on a best efforts basis for the period of its appointment.

Institutional Investors

Unless otherwise indicated in the prospectus supplement,
we or any selling shareholders will authorize underwriters, dealers or agents to solicit offers from various institutional investors to
purchase securities. In this case, payment and delivery will be made on a future date that the prospectus supplement specifies. The underwriters,
dealers or agents may impose limitations on the minimum amount that the institutional investor can purchase. They may also impose limitations
on the portion of the aggregate amount of the securities that they may sell. These institutional investors include (i) commercial and
savings banks; (ii) insurance companies; (iii) pension funds; (iv) investment companies; (v) educational and charitable institutions;
and (vi) other similar institutions as we or any selling shareholders may approve.

The obligations of any of these purchasers pursuant
to delayed delivery and payment arrangements will not be subject to any conditions. However, one exception applies. An institution’s
purchase of the particular securities cannot at the time of delivery be prohibited under the laws of any jurisdiction that governs the
validity of the arrangements or the performance by us or the institutional investor.

Indemnification

Agreements that we or any selling shareholders
have entered into or may enter into with underwriters, dealers or agents may entitle them to indemnification by us against various civil
liabilities. These include liabilities under the Securities Act of 1933, as amended. The agreements may also entitle them to contribution
for payments which they may be required to make as a result of these liabilities. Underwriters, dealers or agents may be customers of,
engage in transactions with, or perform services for, us in the ordinary course of business.

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Legal Matters</div>

Unless otherwise indicated in the applicable prospectus
supplement, certain legal matters with respect to U.S. federal and New York State law will be passed upon