Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 39

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 39
---
 payment. This indemnity will constitute a separate and independent obligation from PGF’s other obligations under the indenture,
will give rise to a separate and independent cause of action, will apply irrespective of any indulgence granted from time to time and
will continue in full force and effect notwithstanding any judgment or order for a liquidated sum or sums in respect of amounts due in
respect of the relevant Note or under any judgment or order described above.

The Trustee, Paying Agent and Transfer Agent

The Bank of New York Mellon,
a New York banking corporation, is the trustee under the indenture and has been appointed by PGF as registrar, paying agent and transfer
agent with respect to the Notes. The address of the trustee is 240 Greenwich Street, 7E, New York, New York 10286. PGF will at all times
maintain a paying agent in New York City until the Notes are paid.

Any corporation or association
into which the trustee or any agent named above may be merged or converted or with which it may be consolidated, or any corporation or
association resulting from any merger, conversion or consolidation to which the trustee or any agent shall be a party, or any corporation
or association to which all or substantially all of the corporate trust business of the trustee or any agent may be sold or otherwise
transferred, shall be the successor trustee or relevant agent, as applicable, hereunder without any further act.

<div align='center'>S-32

DESCRIPTION OF THE GUARANTIES</div>

General

In connection with the
execution and delivery of the seventh supplemental indenture and the eighth supplemental indenture and the Notes offered by this
prospectus supplement, Petrobras will guarantee the 2030 Notes and the 2036 Notes (the
“guaranties”) for the benefit of the holders.

The guaranties will provide
that Petrobras will unconditionally and irrevocably guarantee the Notes on the terms and conditions described below.

The following summary describes
the material provisions of the guaranties. You should read the more detailed provisions of the applicable guaranty, including the defined
terms, for provisions that may be important to you. This summary is subject to, and qualified in its entirety by reference to, the provisions
of the applicable guaranty.

Despite the Brazilian government’s
ownership interest in Petrobras, the Brazilian government is not responsible in any manner for PGF’s obligations under the Notes
or Petrobras’s obligations under the guarant