Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 22

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 22
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 A common shares.

Fiscal Year

Patria’s fiscal year
begins on January 1 of each year and ends on December 31 of the same year.

Voting Rights

The holders of the Class A
common shares and Class B common shares have identical rights, except that (1) the holder of Class B common shares is entitled
to 10 votes per share, whereas holders of Class A common shares are entitled to one vote per share, (2) Class B common shares
have certain conversion rights and (3) the holder of Class B common shares is entitled to maintain a proportional ownership interest
in the event that additional Class A common shares are issued. For more information see “—Preemptive or Similar Rights”
and “—Conversion.” The holders of Class A common shares and Class B common shares vote together as a single
class on all matters (including the election of directors) submitted to a vote of shareholders, except as provided below and as otherwise
required by law.

Patria’s Articles of
Association provide as follows regarding the respective rights of holders of Class A common shares and Class B common shares:

| • | class consents from the holders of Class A common shares or Class B common shares, as applicable,                                        
 shall be required for any variation to the rights attached to their respective class of shares, however, the directors may treat any two 
 or more classes of shares as forming one class if they consider that all such classes would be affected in the same way by the proposal; |

| • | the rights conferred on holders of Class A common shares shall not be deemed to be varied by the 
 creation or issue of further Class B common shares and vice versa; and                           |

| • | the rights attaching to the Class A common shares and the Class B common shares shall not be                                               
 deemed to be varied by the creation or issue of shares with preferred or other rights, including, without limitation, shares with enhanced 
 or weighted voting rights.                                                                                                                 |

As set forth in the Articles
of Association, the holders of Class A common shares and Class B common shares, respectively, do not have the right to vote
separately if the number of authorized shares of such class is increased or decreased. Rather, the number of authorized Class A common
shares and Class B common shares may be increased or decreased (but not below the number of shares of such class then outstanding)
by the affirmative vote of the holders of a majority of the voting power of the issued and outstanding Class A