Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 115

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 115
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 with affiliates, create or incur liens on Petrobras’ property or engage in
business other than its present business. Restrictive covenants, if any, with respect to any securities of Petrobras will be contained
in the applicable supplemental indenture and described in the applicable prospectus supplement with respect to those securities. (Petrobras Section 10)

PGF

Unless otherwise specified in the applicable prospectus
supplement, PGF will be subject to the following covenants with respect to its debt securities:

Payment of Principal and Interest

PGF will duly and punctually pay the principal
of and any premium and interest and other amounts (including any additional amounts in the event withholding and other taxes are imposed
in Brazil or the jurisdiction of incorporation of PGF) on the debt securities of a series in accordance with such securities and the indenture.
(PGF Section 10.01)

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Maintenance of Corporate Existence

PGF will maintain its corporate existence and take
all reasonable actions to maintain all rights, privileges and the like necessary or desirable in the normal conduct of business, activities
or operations, unless PGF’s board of directors determines that maintaining such rights and privileges is no longer desirable in
the conduct of PGF’s business and is not disadvantageous in any material respect to holders. (PGF Section 10.02)

Maintenance of Office or Agency

So long as debt securities of a series are outstanding,
PGF will maintain in the Borough of Manhattan, the City of New York, an office or agency where notices to and demands upon it in respect
of the indenture and the debt securities of a series may be served. PGF will not change the designation of the office without prior written
notice to the trustee and designating a replacement office in the same general location. If at any time PGF shall fail to maintain any
required office or agency or shall fail to furnish the trustee with the address thereof, all presentations, surrenders, notices and demands
may be served at the trustee’s corporate trust office and PGF has appointed the trustee as its agent to receive all such presentations,
surrenders, notices and demands. (PGF Section 10.03)

Ranking

PGF will ensure that its debt securities will at
all times constitute its general senior, unsecured and unsubordinated obligations and will rank pari passu, without any preferences
among themselves, with all of its other present and future unsecured and unsub