Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 30

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 30
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 charges or similar levies payable by PGF as provided in this paragraph paid by such holder. As provided in “—Payments
and Paying Agents,” all payments in respect of the Notes will be made subject to any withholding or deduction required pursuant
to FATCA, and we will not be required to pay any additional amounts on account of any such deduction or withholding required pursuant
to FATCA.

Negative Pledge

So long as any Notes of a
series remain outstanding, PGF will not create or permit any lien, other than a PGF permitted lien, on any of its assets to secure (i) any
of its indebtedness or (ii) the indebtedness of any other person, unless PGF contemporaneously creates or permits such lien to secure
equally and ratably its obligations under such series of Notes as is duly approved by a resolution of the holders of such series of Notes
in accordance with the indenture for such series. 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; (ii) any of
the material subsidiary’s indebtedness or (iii) the indebtedness of any other person, unless it contemporaneously creates or
permits the lien to secure equally and ratably its obligations under such series of Notes and the indenture for such series or PGF provides
such other security for such series of Notes and the indenture for such series as is duly approved by a resolution of the holders of such
series of Notes in accordance with such indenture. This covenant is subject to a number of important exceptions, including an exception
that permits PGF to grant liens in respect of indebtedness the principal amount of which, in the aggregate, together with all other liens
not otherwise described in a specific exception, does not exceed 20% of PGF’s consolidated total assets (as determined in accordance
with IFRS Accounting Standards) at any time as at which PGF’s balance sheet is prepared and published in accordance with applicable
law.

<div align='center'>S-26</div>

Limitation on Consolidation, Merger, Sale or Conveyance

PGF will not, in one or a
series of transactions, consolidate or amalgamate with or merge into any corporation or convey, lease, spin-off or transfer substantially
all of its properties, assets or revenues