Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 28

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 28
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 (including the last day) within such 30 calendar day period;                            |

| · | a withholding or deduction is required to be                                  
 made pursuant to the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021); |

| · | any estate, inheritance, gift, value added, Financial                                                           
 Transaction Tax (“FTT”), use or sales taxes or any similar taxes, assessments or other governmental charges; or |

| · | where the holder or any beneficial owner would                                                                                          
 have been able to avoid the tax, levy, deduction or other governmental charge by taking reasonable measures available to such holder or 
 beneficial owner.                                                                                                                       |

PGF shall promptly pay when
due any present or future stamp, court or documentary taxes or any other excise or property taxes, charges or similar levies that are
imposed by a taxing jurisdiction on any payment under the Notes or under any other document or instrument referred to in the indentures
or from the execution, delivery, enforcement or registration of the Notes or any other document or instrument referred to in the indentures.
PGF shall indemnify and make whole the holders of the Notes for any present or future stamp, court or documentary taxes or any other excise
or property taxes, charges or similar levies payable by PGF as provided in this paragraph paid by such holder. As provided in “—Payments
and Paying Agents,” all payments in respect of the Notes will be made subject to any withholding or deduction required pursuant
to FATCA, and we will not be required to pay any additional amounts on account of any such deduction or withholding required pursuant
to FATCA.

Negative Pledge

So long as any Notes of a
series remain outstanding, PGF will not create or permit any lien, other than a PGF permitted lien, on any of its assets to secure (i) any
of its indebtedness or (ii) the indebtedness of any other person, unless PGF contemporaneously creates or permits such lien to secure
equally and ratably its obligations under such series of Notes as is duly approved by a resolution of the holders of such series of Notes
in accordance with the indenture for such series. In addition, PGF will not allow any of its material subsidiaries, if any, to create
or permit any lien, other than a PGF permitted lien, on any of its assets to secure (i) any of its indebtedness; (ii) any of
the material subsidiary’s indebtedness or