Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 44

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 44
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 trustee will have
no obligation to determine if and when Petrobras’s financial statements or reports, if any, are publicity available and accessible
electronically.

<div align='center'>S-34</div>

Along with each such financial
statement or report, if any, Petrobras will provide an officers’ certificate stating that a review of Petrobras’s and PGF’s
activities has been made during the period covered by such financial statements with a view to determining whether Petrobras and PGF have
kept, observed, performed and fulfilled their covenants and agreements under the guaranties and the indenture, as applicable, and that
no event of default has occurred during such period.

In addition, whether or not
Petrobras is required to file reports with the SEC, Petrobras will file with the SEC and deliver to the trustee (for redelivery to all
holders of the Notes, upon written request, of the 20 Notes or the 20 Notes, as applicable) all reports and other information it would
be required to file with the SEC under the Exchange Act if it were subject to those regulations. If the SEC does not permit the filing
described above, Petrobras will provide annual and interim reports and other information to the trustee within the same time periods that
would be applicable if Petrobras were required and permitted to file these reports with the SEC.

Delivery of these reports,
information and documents to the trustee is for informational purposes only and the trustee’s receipt of any of those shall not
constitute constructive notice of any information contained in them or determinable from information contained therein, including Petrobras’s
compliance with any of its covenants in the guaranties (as to which the trustee is entitled to rely exclusively on officer’s certificates).

Negative Pledge

So long as any Note of a series
remains outstanding, Petrobras will not create or permit any lien, other than a Petrobras permitted lien, on any of its assets to secure
(i) any of its indebtedness or (ii) the indebtedness of any other person, unless Petrobras contemporaneously creates or permits
the lien to secure equally and ratably its obligations under the guaranties or Petrobras provides other security for its obligations under
the relevant guaranty and the relevant indenture as is duly approved by a resolution of the holders of each series of the Notes in accordance
with the relevant indenture. In addition, Petrobras will not allow any of its material subsidiaries, if any,