Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 49

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 49
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| · | any direct or indirect subsidiary of Petrobras                                                                                               
 may merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of assets to, any other direct or indirect subsidiary 
 of Petrobras; or                                                                                                                             |

| · | any direct or indirect subsidiary of Petrobras                                                                                              
 may liquidate or dissolve if Petrobras determines in good faith that such liquidation or dissolution is in the best interests of Petrobras, 
 and would not result in a material adverse effect on Petrobras and its subsidiaries taken as a whole and if such liquidation or dissolution 
 is part of a corporate reorganization of Petrobras.                                                                                         |

Amendments

The guaranties may only
be amended or waived in accordance with their terms pursuant to a written document which has been duly executed and delivered by
Petrobras and the trustee, acting on behalf of the holders of the 2030 Notes or the 2036 Notes, as
applicable. Because the guaranties form part of the indenture, they may be amended by Petrobras and the trustee, in some cases
without the consent of the holders of the applicable Notes. For more information on amendments to the guaranties for each series,
see “Description of Debt Securities—Special Situations—Modification and Waiver” in the accompanying
prospectus.

Except as contemplated
above, the indenture will provide that the trustee may execute and deliver any other amendment to the guaranties or grant any waiver
thereof only with the consent of the holders of a majority in aggregate principal amount of the 2030 Notes
or the 2036 Notes then outstanding, as applicable.

Governing Law

The guaranties will be governed
by the laws of the State of New York.

Jurisdiction

Under the guaranties, Petrobras
will consent to the non-exclusive jurisdiction of any court of the State of New York or any U.S. federal court sitting in the Borough
of Manhattan, The City of New York, New York, United States and any appellate court from any thereof.

Waiver of Immunities

To the extent that Petrobras
may in any jurisdiction claim for itself or its assets immunity from a suit, execution, attachment, whether in aid of execution, before
judgment or otherwise, or other legal process in connection with the guaranties (or any document delivered pursuant thereto) and to the
extent that in any jurisdiction there may be immunity attributed