Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 32

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 32
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ings of the Board of Directors

The Articles of Association
provide that Patria’s business is to be managed and conducted by the board of directors. The quorum necessary for the board meeting
shall be a simple majority of the directors then in office (subject

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to there being a minimum
of two directors present) and business at any meeting shall be decided by a majority of votes. In the case of an equality of votes, the
chairman shall have a casting vote.

Subject to the provisions
of the Articles of Association, the board of directors may regulate its proceedings as they determine is appropriate. Board meetings shall
be held at least once every calendar quarter and shall take place either in São Paulo, Brazil or at such other place as the directors
may determine.

Subject to the provisions
of the Articles of Association, to any directions given by ordinary resolution of the shareholders and the listing rules of the Nasdaq,
the board of directors may from time to time at its discretion exercise all powers of Patria, including, subject to the Companies Act,
the power to issue debentures, bonds and other securities of the Company, whether outright or as collateral security for any debt, liability
or obligation of our company or of any third party.

Inspection of Books and Records

Holders of Patria shares
will have no general right under Cayman Islands law to inspect or obtain copies of the list of shareholders or corporate records of the
Company. However, the board of directors may determine from time to time whether and to what extent Patria’s accounting records
and books shall be open to inspection by shareholders who are not members of the board of directors. Notwithstanding the above, the Articles
of Association provide shareholders with the right to receive annual financial statements. Such right to receive annual financial statements
may be satisfied by publishing the same on the Company’s website or filing such annual reports as we are required to file with the
SEC.

Register of Shareholders

The Class A common shares
offered in our initial public offering are held through DTC, and DTC or Cede & Co., as nominee for DTC, is recorded in the shareholders’
register as the holder of our Class A common shares.

Under Cayman Islands law,
Patria must keep a register of shareholders that includes:

| • | the names and addresses of the shareholders, a statement of the shares held by each member, and of the 
 amount paid or agreed to be considered as paid,