Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 30

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 30
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, conveyance, 
 spin-off, transfer or lease with respect to the payment of principal of, or interest on, the Notes of the relevant series;                    |

| · | immediately after giving effect to the transaction,                 
 no event of default, and no default has occurred and is continuing; |

| · | PGF has delivered to the trustee a directors’                                                                                                
 certificate and an opinion of counsel, each stating that the transaction, and each supplemental indenture relating to the transaction,       
 comply with the terms of the indenture of the relevant series, and that all conditions precedent provided for in such indenture and relating 
 to the transaction have been complied with; and                                                                                              |

| · | PGF has delivered notice of any such transaction 
 to the trustee.                                  |

Notwithstanding anything to
the contrary in the foregoing, so long as no default or event of default under the indenture or the Notes of a series will have occurred
and be continuing at the time of the proposed transaction or would result from the transaction:

| · | PGF may merge, amalgamate or consolidate with                                                                                              
 or into, or convey, transfer, spin-off, lease or otherwise dispose of all or substantially all of its properties, assets or revenues to    
 a direct or indirect subsidiary of PGF or Petrobras in cases when PGF is the surviving entity in the transaction and the transaction would 
 not have a material adverse effect on PGF and its subsidiaries taken as a whole, it being understood that if PGF is not the surviving      
 entity, PGF will be required to comply with the requirements set forth in the previous paragraph; or                                       |

| · | any direct or indirect subsidiary of PGF may                                                                                                 
 merge or consolidate with or into, or convey, transfer, spin-off, lease or otherwise dispose of assets to, any person (other than PGF        
 or any of its subsidiaries or affiliates) in cases when the transaction would not have a material adverse effect on PGF and its subsidiaries 
 taken as a whole; or                                                                                                                         |

| · | any direct or indirect subsidiary of PGF may                                                                                            
 merge or consolidate with or into, or convey, transfer, spin-off, lease or otherwise dispose of assets to, any other direct or indirect 
 subsidiary of PGF or Petrobras; or                                                                                                      |

| · | any direct or indirect subsidiary of PGF may                                                                                               
 liquidate or dissolve if PGF determines in good faith that the liquidation or dissolution is in the best interests of Petrobras, and would 
 not