Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 123

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 123
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 relation to,       
 or a distress, execution, attachment, sequestration or other process is levied or put in force against, the whole or a substantial part 
 of our undertakings or assets of PGF, Petrobras or any material subsidiary and is not discharged or removed within 90 calendar days.    |

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

| · | PGF, 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, Petrobras or any material subsidiary, or PGF, Petrobras or 
 any material subsidiary takes legal action for a readjustment or deferment of any part of our indebtedness.                             |

| · | An effective resolution is passed, or any authorized action is taken by any court of competent jurisdiction, directing PGF’s, 
 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 debt security holders of a series.                       |

| · | In the case of PGF, if 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 debt securities of a series, the relevant indenture or, in the case of PGF, the related Petrobras guaranty, 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 debt securities of a series, the relevant indenture or the related guaranty, or 
 denies that it has liability under any of the foregoing documents to which it is a party.                                           |

| · | In the case of PGF, if Petrobras fails to retain at least 51% direct or