Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 43

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 43
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 SEC under the Exchange Act if it were subject to those regulations. If the SEC does not permit the filing
described above, Petrobras will provide annual and interim reports and other information to the trustee within the same time periods that
would be applicable if Petrobras were required and permitted to file these reports with the SEC.

Delivery of these reports,
information and documents to the trustee is for informational purposes only and the trustee’s receipt of any of those shall not
constitute constructive notice of any information contained in them or determinable from information contained therein, including Petrobras’s
compliance with any of its covenants in the guaranties (as to which the trustee is entitled to rely exclusively on officer’s certificates).

Negative Pledge

So long as any Note of a series
remains outstanding, Petrobras will not create or permit any lien, other than a Petrobras permitted lien, on any of its assets to secure
(i) any of its indebtedness or (ii) the indebtedness of any other person, unless Petrobras contemporaneously creates or permits
the lien to secure equally and ratably its obligations under the guaranties or Petrobras provides other security for its obligations under
the relevant guaranty and the relevant indenture as is duly approved by a resolution of the holders of each series of the Notes in accordance
with the relevant indenture. In addition, Petrobras will not allow any of its material subsidiaries, if any, to create or permit any lien,
other than a Petrobras permitted lien, on any of Petrobras’s assets to secure (i) any of its indebtedness; (ii) any of
the material subsidiary’s indebtedness or (iii) the indebtedness of any other person, unless Petrobras contemporaneously creates
or permits the lien to secure equally and ratably Petrobras’s obligations under the relevant guaranty and the relevant indenture
or Petrobras provides such other security for its obligations under the relevant guaranty and the relevant indenture as is duly approved
by a resolution of the holders of each series of the Notes in accordance with the indenture for such series.

As used in this “Negative
Pledge” section, the following terms have the respective meanings set forth below:

A “guaranty” means
an obligation of a person to pay the indebtedness of another person including without limitation:

| · | an obligation to pay or purchase such indebtedness; |

| · | an obligation to lend money, to purchase or subscribe