Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 105

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 105
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 of a transaction involving outside
third parties or as part of an internal corporate reorganization. We may take these actions even if they result in:

| · | a lower credit rating being assigned to the debt securities; or |

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| · | additional amounts becoming payable in respect of withholding tax, and the debt securities thus being subject to redemption at our 
 option, as described later under “—Optional Tax Redemption.”                                                                       |

We have no obligation under the indentures to seek
to avoid these results, or any other legal or financial effects that are disadvantageous to you, in connection with a merger, spin off,
consolidation or sale or lease of assets that is permitted under the indenture.

Petrobras

Petrobras may merge into or consolidate with or
convey, transfer or lease its property to another entity, provided that it may not take any of these actions unless all the following
conditions are met:

| · | If Petrobras merges out of existence or sell or lease its assets, the other entity must unconditionally assume its obligations on     
 the debt securities, including the obligation to pay the additional amounts described under “Payment of Additional Amounts.”          
 This assumption may be by way of a full and unconditional guaranty in the case of a sale or lease of substantially all of its assets. |

| · | Petrobras must indemnify you against any tax, assessment or governmental charge or other cost resulting from the transaction. This        
 indemnification obligation only arises if the other entity is organized under the laws of a country other than the United States, a state 
 thereof or Brazil.                                                                                                                        |

| · | Petrobras must not be in default on the debt securities immediately prior to such action and such action must not cause a default.         
 For purposes of this no-default test, a default would include an event of default that has occurred and not been cured, as described later 
 under “Default and Related Matters—Events of Default” A default for this purpose would also include any event that would                   
 be an event of default if the requirements for notice of default or existence of defaults for a specified period of time were disregarded. |

| · | The entity to which Petrobras sells or leases such assets guaranties our obligations or the entity into which it merges or consolidates    
 with must execute a supplement to the indenture, known as a supplemental indenture. In the supplemental indenture, the entity must promise 
 to be bound by every obligation in the indenture.