Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 33

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 33
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anty” means
an obligation of a person to pay the indebtedness of another person including, without limitation:

| · | an obligation to pay or purchase such indebtedness; |

| · | an obligation to lend money or to purchase or                                                                                              
 subscribe 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.                                  |

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 “PGF permitted lien”
means any:

| (a) | lien arising by operation of law, such as merchants’, maritime or                                                                   
 other similar liens arising in PGF’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;     |

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

| (c) | 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;                                                                                                             |

| (d) | lien granted upon or with respect to any assets hereafter acquired by PGF or any subsidiary to secure                                        
 the acquisition costs of those assets or to secure indebtedness incurred solely for the purpose of financing the acquisition of those        
 assets, including any lien existing at the time of the acquisition of those assets, so long as the maximum amount so secured does not        
 exceed the aggregate acquisition costs of all such assets or the aggregate indebtedness incurred solely for the acquisition of those assets, 
 as the case may be;                                                                                                                          |

| (e) | lien granted in connection with indebtedness of a wholly-owned subsidiary owing to PGF or another wholly-owned 
 subsidiary;                                                                                                    |

| (f) | lien existing on any asset or on any stock of any subsidiary prior to the acquisition thereof by PG