Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 116

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 116
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 will at all times be
a trustee with respect to the debt securities of any series. (PGF Section 10.07)

Payments and Paying Agents

PGF will, prior to 3:00 p.m., New York City time,
on the business day preceding any payment date of the principal of or interest on the debt securities of any series or other amounts (including
additional amounts), deposit with the trustee a sum sufficient to pay such principal, interest or other amounts (including additional
amounts) so becoming due.

All payments on the debt securities of any series
will be subject in all cases to any applicable tax, fiscal or other laws and regulations in any jurisdictions, but without prejudice to
the provisions under “—Payment of Additional Amounts.” For the purposes of the preceding sentence, the phrase “applicable
tax, fiscal or other laws and regulations” will include any obligation on us to withhold or deduct from a payment pursuant to FATCA.
(PGF Section 10.08)

Negative Pledge

PGF will not create, incur or assume any lien,
other than a PGF Permitted Lien, on any of its assets to secure (i) any of its indebtedness for borrowed money or (ii) the indebtedness
for borrowed money of any other person, unless PGF contemporaneously creates or permits such lien to secure equally and ratably its obligations
under the debt securities of a series or PGF provides such other security for the debt securities of a series as is duly approved by a
resolution of the holders of such debt securities in accordance with the indenture. In addition, PGF will not allow any of its material
subsidiaries, if any, to create or permit any lien, other than a PGF Permitted Lien, on any of its assets to secure (i) any of its
indebtedness for borrowed money; (ii) any of the material subsidiary’s indebtedness for borrowed money or (iii) the indebtedness
for borrowed money of any other person, unless PGF contemporaneously creates or permits such lien to secure equally and ratably its obligations
under the debt securities of any series to which the covenant applies or PGF or such material subsidiary provides such other security
for the debt securities of a series as is duly approved by a resolution of the holders of such debt securities in accordance with the
indenture. (PGF Section 10.11)

As used above, the following terms have the meanings
set forth below