Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 24

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 24
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 PGF. |

For purposes of the events
of default:

| · | “indebtedness” means any obligation                                                                                                           
 (whether present or future, actual or contingent and including any guaranty) for the payment or repayment of money which has been borrowed    
 or raised (including money raised by acceptances and all leases which, under IFRS Accounting Standards, would be a capital lease obligation). |

| · | “material subsidiary” means, as to                                                                                                 
 any person, any subsidiary of such person which, on any given date of determination accounts for more than 15% of such person’s    
 total consolidated assets (as set forth on such person’s most recent consolidated financial statements prepared in accordance with 
 IFRS Accounting Standards).                                                                                                        |

Covenants

PGF will be subject to the
following covenants with respect to the Notes of each series:

<div align='center'>S-23</div>

Payment of Principal and Interest

PGF will duly and punctually
pay the principal of and any premium and interest and other amounts (including any additional amounts in the event withholding and other
taxes are imposed in Brazil or the jurisdiction of incorporation of PGF) on the Notes in accordance with the Notes and the indentures.

Maintenance of Corporate Existence

PGF will maintain its corporate
existence and take all reasonable actions to maintain all rights, privileges and the like necessary or desirable in the normal conduct
of business, activities or operations, unless PGF’s board of directors determines that maintaining such rights and privileges is
no longer desirable in the conduct of PGF’s business and is not disadvantageous in any material respect to holders.

Maintenance of Office or Agency

So long as Notes are outstanding, PGF will maintain an office or agency in the United States where notices to and demands upon itin
respect of the indenture and the Notes may be served.

PGF has initially appointed
Petrobras America Inc., with offices located at 757 N Eldridge Pkwy, suite 1100, Houston, TX 77079, as its agent. PGF will not change
the appointment of the agent without prior written notice to the trustee and appointing a replacement agent or designating an office,
in the United States.

Ranking

PGF will ensure that the Notes
will at all times constitute its general senior, unsecured and unsubordinated obligations and will rank pari passu, without any
preferences among themselves, with all of its other present and future un