Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 132

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 132
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 related debt warrant agreement will be governed by the laws of the State of New York.

<div align='center'>Additional Terms of the PGF Debt Warrants</div>

Debt securities to be issued by PGF under the debt
warrants and the PGF debt warrant agreement will be guaranteed by Petrobras. See “Description of the Guaranties.”

Equity Warrants

The following briefly summarizes the material terms
that will generally be included in an equity warrant agreement. However, we may include different terms in the equity warrant agreement
for any particular series of equity warrants and such other terms and all pricing and related terms will be disclosed in the applicable
prospectus supplement. You should read the particular terms of any equity warrants that are offered by us and the related equity warrant
agreement which will be described in more detail in the applicable prospectus supplement. The prospectus supplement will also state whether
any of the general provisions summarized below do not apply to the equity warrants being offered.

<div align='center'>32</div>

General

Petrobras may issue warrants for the purchase of
its equity securities (i.e., our common shares and preferred shares, which may be in the form of ADSs). As explained below, each
equity warrant will entitle its holder to purchase equity securities at an exercise price set forth in, or to be determined as set forth
in, the applicable prospectus supplement. Equity warrants may be issued separately or together with equity securities.

Petrobras may issue equity warrants in connection
with preemptive rights of its shareholders in connection with any capital increase, and in those circumstances we may choose to issue
equity warrants in uncertificated form to the extent permitted by Brazilian law. In addition, if any equity warrants are offered in connection
with preemptive rights, Petrobras may exclude holders resident in the United States from that offering to the extent permitted by Brazilian
law. Equity warrants (other than equity warrants issued in connection with preemptive rights) are to be issued under equity warrant agreements
to be entered into by Petrobras and one or more banks or trust companies, as equity warrant agent, all as will be set forth in the applicable
prospectus supplement. At or around the time of an offering of equity warrants, a form of equity warrant agreement, including a form of
equity warrant certificate representing the equity warrants, reflecting the alternative provisions that may be included in the equity
warrant agreements to be entered into with respect to particular offerings of equity warrants, will