Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 44

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 44
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 for shares or other securities or to purchase assets or services in order to provide funds for the payment of such indebtedness; |

| · | an indemnity against the consequences of a default 
 in the payment of such indebtedness; or            |

| · | any other agreement to be responsible for such 
 indebtedness.                                  |

<div align='center'>S-35</div>

“Indebtedness”
means any obligation (whether present or future, actual or contingent and including, without limitation, any guaranty) for the payment
or repayment of money which has been borrowed or raised (including money raised by acceptances and all leases which, under generally accepted
accounting principles in the country of incorporation of the relevant obligor, would constitute a capital lease obligation).

A “lien” means
any mortgage, pledge, lien, hypothecation, security interest or other charge or encumbrance on any property or asset including, without
limitation, any equivalent created or arising under applicable law.

A “project financing” of any project means the incurrence of indebtedness relating to the exploration, development, expansion, renovation, upgrade or other modification or construction of such project pursuant to which the providers of such indebtedness or any trustee or other intermediary on their behalf or beneficiaries designated by any such provider, trustee or other intermediary are granted security over one or more qualifying assets relating to such project for repayment of principal, premium and interest or any other amountin respect of such indebtedness.

A “qualifying asset”
in relation to any project means:

| · | any concession, authorization or other legal                                                                                    
 right granted by any governmental authority to Petrobras or any of Petrobras’s subsidiaries, or any consortium or other venture 
 in which Petrobras or any subsidiary has any ownership or other similar interest;                                               |

| · | any drilling or other rig, any drilling or production                                                                                     
 platform, pipeline, marine vessel, vehicle or other equipment or any refinery, oil or gas field, processing plant, real property (whether 
 leased or owned), right of way or plant or other fixtures or equipment;                                                                   |

| · | any revenues or claims that arise from the operation,                                                                                       
 failure to meet specifications, failure to complete, exploitation, sale, loss or damage to, such concession, authorization or other legal   
 right or such drilling or other rig, drilling or production platform, pipeline, marine vessel, vehicle or other equipment or refinery,      
 oil or gas field, processing plant, real property, right of way,