Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 50

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 50
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 Petrobras has delivered notice of
any such transaction to the trustee:

| · | Petrobras may merge, amalgamate or consolidate                                                                                            
 with or into, or convey, transfer, spin-off, lease or otherwise dispose of all or substantially all of its properties, assets or revenues 
 to a direct or indirect subsidiary of Petrobras in cases when Petrobras is the surviving entity in such transaction and such transaction  
 would not have a material adverse effect on Petrobras and its subsidiaries taken as whole, it being understood that if Petrobras is not   
 the surviving entity, Petrobras will be required to comply with the requirements set forth in the previous paragraph;                     |

| · | any direct or indirect subsidiary of Petrobras                                                                                           
 may merge or consolidate with or into, or convey, transfer, spin-off, lease or otherwise dispose of assets to, any person (other than    
 Petrobras or any of its subsidiaries or affiliates) in cases when such transaction would not have a material adverse effect on Petrobras 
 and its subsidiaries taken as a whole;                                                                                                   |

<div align='center'>S-38</div>

| · | any direct or indirect subsidiary of Petrobras                                                                                               
 may merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of assets to, any other direct or indirect subsidiary 
 of Petrobras; or                                                                                                                             |

| · | any direct or indirect subsidiary of Petrobras                                                                                              
 may liquidate or dissolve if Petrobras determines in good faith that such liquidation or dissolution is in the best interests of Petrobras, 
 and would not result in a material adverse effect on Petrobras and its subsidiaries taken as a whole and if such liquidation or dissolution 
 is part of a corporate reorganization of Petrobras.                                                                                         |

Amendments

The guaranties may only be
amended or waived in accordance with their terms pursuant to a written document which has been duly executed and delivered by Petrobras
and the trustee, acting on behalf of the holders of the 20 Notes or the 20 Notes, as applicable. Because the guaranties form part of the
indenture, they may be amended by Petrobras and the trustee, in some cases without the consent of the holders of the applicable Notes.
For more information on amendments to the guaranties for each series, see “Description of Debt Securities—Special Situations—Modification
and Waiver” in the accompanying prospectus.

Except as contemplated above,
the indenture will provide that the trustee may execute and deliver any other amendment to the