Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 119

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 119
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| (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 PGF or any subsidiary, so long as 
 the lien is not created in anticipation of that acquisition;                                                                       |

| (g) | lien existing as of the date of the issuance of debt securities of such series; |

| (h) | lien resulting from the indenture or the guaranty, if any, with respect to the debt securities of such series; |

| (i) | lien incurred in connection with the issuance of debt or similar securities of a type comparable to those already issued by PGF, on     
 amounts of cash or cash equivalents on deposit in any reserve or similar account to pay interest on those securities for a period of up 
 to 24 months as required by any rating agency as a condition to the rating agency rating those securities as investment grade;          |

| (j) | lien granted or incurred to secure any extension, renewal, refinancing, refunding or exchange (or successive extensions, renewals,             
 refinancings, refundings or exchanges), in whole or in part, of or for any indebtedness secured by liens referred to in paragraphs (a) through 
 (i) above (but not paragraph (c)), so long as the lien does not extend to any other property, the principal amount of the indebtedness         
 secured by the lien is not increased, and in the case of paragraphs (a), (b) and (f), the obligees meet the requirements of the applicable     
 paragraph; and                                                                                                                                 |

| (k) | lien in respect of indebtedness the principal amount of which in the aggregate, together with all other liens not otherwise qualifying   
 as PGF Permitted Liens pursuant to another part of this definition of PGF permitted liens, does not exceed 20