Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 130

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 130
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and its material subsidiaries undertake not to create liens on their assets to guarantee debts beyond those permitted; (iii) clauses complying
with laws, rules and regulations applicable to the conduct of its business, including (but not limited to) environmental laws; (iv) clauses
in financing contracts that require both the borrower and the guarantor to conduct their business in compliance with anti-corruption laws
and anti-money laundering laws and to establish and maintain policies necessary for such compliance; (v) clauses in financing contracts
that restrict relationships with entities or even countries sanctioned primarily by the United States, including, but not limited to,
the Office of Foreign Assets Control – OFAC, Department of State and Department of Commerce, the European Union and the United Nations.

If the Company breaches any of the aforementioned
covenants and either is incapable of remedy or continues to fail to comply with the covenants for a period ranging from 30 to 60 calendar
days (depending on the contract) after it has received a written notice from the creditors specifying such default or breach and requiring
it to be remedied and stating that such notice is a “Notice of Default”, this may be declared an Event of Default, and in
certain cases the debt related to that contract becomes due and payable.

| 30.6.2. | Collateral |

Financial institutions normally do not require
guarantees for loans and financing granted to Petrobras. However, there is financing granted through specific instruments, which have
real guarantees. Such contracts represent 11.9% of total financing, with emphasis on the contract obtained from the China Development
Bank (CDB), according to note 34.6.

Loans obtained by structured entities are guaranteed
by the projects themselves, as well as by pledges of credit rights.

| 91 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

Financing from the capital market, which corresponds
to securities issued by the company, does not have real guarantees.

Accounting policy for loans and finance debt

Loans and finance debt are initially recognized
at fair value less transaction costs that are directly attributable to its issue and subsequently measured at amortized cost using the
effective interest method.

When the contractual cash flows of a financial liability measured
at amortized cost are renegotiated or modified and this change is not substantial, its gross carrying amount will reflect the discounted
present value of its cash flows under new terms using the original