Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 23

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 23
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 sequestration 
 or other process is levied or put in force against, the whole or a substantial part of the undertakings or assets of PGF or Petrobras    
 or any material subsidiary and is not discharged or removed within 90 calendar days.                                                     |

| · | PGF or Petrobras or any material subsidiary voluntarily                                                                                
 commences or consents to proceedings under any applicable liquidation, bankruptcy, reorganization, insolvency, moratorium or any other 
 similar laws, PGF or Petrobras or any material subsidiary enters into any composition or other similar arrangement with our creditors  
 under applicable Brazilian law (such as a recuperação judicial or extrajudicial, which is a type of liquidation agreement).            |

| · | PGF or Petrobras or any material subsidiary files                                                                                                
 an application for the appointment of an administrative or other receiver, manager or administrator, or any such or other similar official,      
 in relation to PGF or Petrobras or any material subsidiary, or PGF or Petrobras or any material subsidiary takes legal action for a readjustment 
 or deferment of any part of its indebtedness.                                                                                                    |

| · | An effective resolution is passed, or any authorized                                                                                        
 action is taken by any court of competent jurisdiction, directing PGF or Petrobras or any material subsidiary’s winding-up, dissolution     
 or liquidation, except for the purpose of and followed by a consolidation, merger, conveyance or transfer duly approved by the note holders 
 of that series.                                                                                                                             |

| · | Any event occurs that under the laws of any relevant                                                                  
 jurisdiction has substantially the same effect as the events referred to in the six immediately preceding paragraphs. |

| · | The Notes of such series, the relevant indenture,                                                                                              
 the relevant guaranty or any part of those documents cease to be in full force and effect or binding and enforceable against PGF or Petrobras, 
 or it becomes unlawful for PGF or Petrobras to perform any material obligation under any of the foregoing documents to which it is a party.    |

| · | PGF or Petrobras contests the enforceability                                                                                             
 of the Notes of such series, the relevant indenture or the relevant guaranty, or denies that it has liability under any of the foregoing 
 documents to which it is a party.                                                                                                        |

| · | Petrobras fails to retain at least 51% direct                                                               
 or indirect ownership of the outstanding voting and economic interests (equity or otherwise) of and in