Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 48

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 48
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, all of Petrobras’s obligations under such guaranty;                                                                |

| · | the successor company (jointly and                                                                                                   
 severally with Petrobras unless Petrobras will have ceased to exist as part of such merger, consolidation or amalgamation) agrees to 
 indemnify each holder against any tax, assessment or governmental charge thereafter imposed on such holder solely as a consequence   
 of such consolidation, merger, conveyance, spin-off, transfer or lease with respect to the payment of principal of, or interest on,  
 the 2030 Notes or the 2036 Notes, as applicable;                                                                                     |

| · | immediately after giving effect to the transaction,                     
 no event of default, and no default has occurred and is continuing; and |

| · | Petrobras has delivered to the trustee an officers’                                                                                            
 certificate and an opinion of counsel, each stating that that such merger, consolidation, sale, spin-off, transfer or other conveyance         
 or disposition and the amendment to the applicable guaranty comply with the terms of the applicable guaranty and that all conditions precedent 
 provided for in such guaranty and relating to such transaction have been complied with.                                                        |

Notwithstanding anything
to the contrary in the foregoing, so long as no default or event of default under the indenture or the 2030 Notes, or the 2036 Notes, as applicable, has occurred and is continuing at the time of such proposed transaction or would
result therefrom and Petrobras has delivered notice of any such transaction to the trustee:

| · | Petrobras may merge, amalgamate or consolidate                                                                                            
 with or into, or convey, transfer, spin-off, lease or otherwise dispose of all or substantially all of its properties, assets or revenues 
 to a direct or indirect subsidiary of Petrobras in cases when Petrobras is the surviving entity in such transaction and such transaction  
 would not have a material adverse effect on Petrobras and its subsidiaries taken as whole, it being understood that if Petrobras is not   
 the surviving entity, Petrobras will be required to comply with the requirements set forth in the previous paragraph;                     |

| · | any direct or indirect subsidiary of Petrobras                                                                                           
 may merge or consolidate with or into, or convey, transfer, spin-off, lease or otherwise dispose of assets to, any person (other than    
 Petrobras or any of its subsidiaries or affiliates) in cases when such transaction would not have a material adverse effect on Petrobras 
 and its subsidiaries taken as a whole;                                                                                                   |

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