Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 160

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 160
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 comply with applicable law.

The depositary will maintain facilities for the
delivery and receipt of ADRs.

Appointment

In the deposit agreements, each ADR holder and
each beneficial owner of ADSs, upon acceptance of any ADSs (or any interest therein) issued in accordance with the terms and conditions
of the deposit agreements will be deemed for all purposes to:

| · | be a party to and bound by the terms of the deposit agreements and the applicable ADR or ADRs, and |

| · | appoint the depositary its attorney-in-fact, with full power to delegate, to act on its behalf and to take any and all actions contemplated  
 in the deposit agreements and the applicable ADR or ADRs, to adopt any and all procedures necessary to comply with applicable laws and       
 to take such action as the depositary in its sole discretion may deem necessary or appropriate to carry out the purposes of the deposit      
 agreements and the applicable ADR and ADRs, the taking of such actions to be the conclusive determinant of the necessity and appropriateness 
 thereof.                                                                                                                                     |

<div align='center'>47</div>

Each ADR holder and beneficial owner of ADSs is
further deemed to acknowledge and agree that (i) nothing in the deposit agreements or any ADR shall give rise to a partnership or
joint venture among the parties thereto nor establish a fiduciary or similar relationship among such parties, (ii) the depositary,
its divisions, branches and affiliates, and their respective agents, may from time to time be in the possession of non-public information
about Petrobras, the ADR holders, the beneficial owners of ADSs and/or their respective affiliates, (iii) the depositary and its
divisions, branches and affiliates may at any time have multiple banking relationships with Petrobras, ADR holders, beneficial owners
of ADSs and/or the affiliates of any of them, (iv) the depositary and its divisions, branches and affiliates may, from time to time,
be engaged in transactions in which parties adverse to Petrobras or the ADR holders or beneficial owners of ADSs may have interests, (v) nothing
contained in the deposit agreements or any ADR shall (A) preclude the depositary or any of its divisions, branches or affiliates
from engaging in such transactions or establishing or maintaining such relationships, or (B) obligate the depositary or any of its
divisions, branches or affiliates to disclose such transactions or relationships or to