Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 153

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 153
---
, cable, telex or facsimile transmission costs, delivery costs or other such expenses), or
otherwise prejudices any substantial existing right of ADR holders or beneficial owners of ADSs. Such notice need not describe in detail
the specific amendments effectuated thereby, but must identify to ADR holders a means to access the text of such amendment. If an ADR
holder continues to hold an ADR or ADRs after being so notified, such ADR holder and the beneficial owner of the corresponding ADSs are
deemed to agree to such amendment and to be bound by the deposit agreements as so amended. Any amendments or supplements which (i) are
reasonably necessary (as agreed by Petrobras and the depositary) in order for (a) the ADSs to be registered on Form F-6 under
the Securities Act or (b) the ADSs or shares to be traded solely in electronic book-entry form and (ii) do not in either such
case impose or increase any fees or charges to be borne by ADR holders, shall be deemed not to prejudice any substantial rights of ADR
holders or beneficial owners of ADSs. Notwithstanding the foregoing, if any governmental body or regulatory body should adopt new laws,
rules or regulations which would require amendment or supplement of the deposit agreements or the forms of ADRs to ensure compliance
therewith, Petrobras and the depositary may amend or supplement the deposit agreements and the forms of ADRs (and all outstanding ADRs)
at any time in accordance with such changed laws, rules or regulations, which amendment or supplement may take effect before a notice
is given or within any other period of time as required for compliance. No amendment, however, will impair your right to surrender your
ADSs and receive the underlying securities, except in order to comply with mandatory provisions of applicable law.

How may the deposit agreements be terminated?

The depositary may, and shall at Petrobras’
written direction, terminate the deposit agreements and the ADRs by mailing notice of such termination to the ADR holders at least 30
days prior to the date fixed in such notice for such termination; provided, however, if the depositary shall have (i) resigned as
depositary under the deposit agreements, notice of such termination by the depositary shall not be provided to ADR holders unless a successor
depositary shall not be operating under the deposit agreements within 60 days of the date of such resignation, and (ii) been removed