Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 45

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 45
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 plant or other fixtures or equipment or any contract or agreement relating 
 to any of the foregoing or the project financing of any of the foregoing (including insurance policies, credit support arrangements and     
 other similar contracts) or any rights under any performance bond, letter of credit or similar instrument issued in connection therewith;   |

| · | any oil, gas, petrochemical or other hydrocarbon-based                                                                                    
 products produced or processed by such project, including any receivables or contract rights arising therefrom or relating thereto and    
 any such product (and such receivables or contract rights) produced or processed by other projects, fields or assets to which the lenders 
 providing the project financing required, as a condition therefore, recourse as security in addition to that produced or processed by     
 such project; and                                                                                                                         |

| · | shares or other ownership interest in, and any                                                                                                
 subordinated debt rights owing to Petrobras by, a special purpose company formed solely for the development of a project, and whose principal 
 assets and business are constituted by such project and whose liabilities solely relate to such project.                                      |

A “Petrobras permitted
lien” means a:

| (a) | lien granted in respect of indebtedness owed to the Brazilian government,                                                
 Banco Nacional de Desenvolvimento Econômico e Social or any official government agency or department of Brazil or of any 
 state or region of Brazil;                                                                                               |

| (b) | lien arising by operation of law, such as merchants’, maritime or                                                                           
 other similar liens arising in Petrobras’s ordinary course of business or that of any subsidiary or lien in respect of taxes,               
 assessments or other governmental charges that are not yet delinquent or that are being contested in good faith by appropriate proceedings; |

<div align='center'>S-36</div>

| (c) | lien arising from Petrobras’s obligations under performance bonds or surety bonds and appeal bonds                
 or similar obligations incurred in the ordinary course of business and consistent with Petrobras’s past practice; |

| (d) | lien arising in the ordinary course of business in connection with indebtedness maturing not more than                                
 one year after the date on which that indebtedness was originally incurred and which is related to the financing of export, import or 
 other trade transactions;                                                                                                             |

| (e) | lien granted upon or with respect to any assets hereafter acquired by Petrobras or any subsidiary to secure                                  
 the acquisition costs of those assets or to secure indebtedness incurred solely for the