Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 50

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 50
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 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
not be entitled to have the Notes registered in their names and will not be entitled to receive physical delivery of the Notes in definitive
(paper) form. Instead, upon issuance, all the Notes will be represented by one or more fully registered global Notes.

Each of the Notes will be
represented by one or more global notes. Each global note will be deposited directly with The Depository Trust Company, a securities depositary,
and will be registered in the name of DTC’s nominee. Global Notes may also be deposited indirectly with Clearstream, Luxembourg
and Euroclear, as indirect participants of DTC. For background information regarding DTC and Clearstream, Luxembourg and Euroclear, see
“—The Depository Trust Company” and “—Clearstream, Luxembourg and Euroclear” below. No global note
representing book-entry Notes may be transferred except as a whole by DTC to a nominee of DTC, or by a nominee of DTC to another nominee
of DTC. Thus, D