Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 36

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 36
---
 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 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