Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 51

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 51
---
 guaranties or grant any waiver thereof
only with the consent of the holders of a majority in aggregate principal amount of the 20 Notes or the 20 Notes then outstanding, as
applicable.

Governing Law

The guaranties will be governed
by the laws of the State of New York.

Jurisdiction

Under the guaranties, Petrobras
will consent to the non-exclusive jurisdiction of any court of the State of New York or any U.S. federal court sitting in the Borough
of Manhattan, The City of New York, New York, United States and any appellate court from any thereof.

Waiver of Immunities

To the extent that Petrobras
may in any jurisdiction claim for itself or its assets immunity from a suit, execution, attachment, whether in aid of execution, before
judgment or otherwise, or other legal process in connection with the guaranties (or any document delivered pursuant thereto) and to the
extent that in any jurisdiction there may be immunity attributed to Petrobras, PGF or their assets, whether or not claimed, Petrobras
will irrevocably agree with the trustee under the guaranties, for the benefit of the holders, not to claim, and to irrevocably waive,
the immunity to the full extent permitted by law.

Currency Rate Indemnity

Under the guaranties, Petrobras will agree that, if a judgment or order made by any court for the payment of any amountin respect of
any of its obligations under the guaranties is expressed in a currency (the “judgment currency”) other than U.S. dollars (the
“denomination currency”), Petrobras will indemnify the relevant holder and the trustee against any deficiency arising from
any variation in rates of exchange between the date as of which the denomination currency is notionally converted into the judgment currency
for the purposes of the judgment or order and the date of actual payment. This indemnity will constitute a separate and independent obligation
from Petrobras’s other obligations under the guaranties, will give rise to a separate and independent cause of action, will apply
irrespective of any indulgence granted from time to time and will continue in full force and effect.

<div align='center'>S-39

CLEARANCE AND SETTLEMENT</div>

Book-Entry Issuance

Except under the limited circumstances
described in the accompanying prospectus, all Notes will be book-entry Notes. This means that the actual purchasers of the Notes will