Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 155

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 155
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 thereof, and from time
to time in the case of the production of proofs as described below, Petrobras or the depositary or its custodian may require:

| · | payment with respect thereto of (i) any stock transfer or other tax or other governmental charge, (ii) any stock transfer             
 or registration fees in effect for the registration of transfers of shares or other deposited securities upon any applicable register 
 and (iii) any applicable fees and expenses described in the deposit agreements;                                                       |

| · | the production of proof satisfactory to it of (i) the identity of any signatory and genuineness of any signature and (ii) such             
 other information, including without limitation, information as to citizenship, residence, exchange control approval, beneficial or other  
 ownership of, or interest in, any securities, compliance with applicable law, regulations, provisions of or governing deposited securities 
 and terms of the deposit agreements and the ADRs, as it may deem necessary or proper; and                                                  |

| · | compliance with such regulations as the depositary may establish consistent with the deposit agreements. |

The issuance of ADRs, the acceptance of deposits
of shares, the registration, registration of transfer, split-up or combination of ADRs or the withdrawal of shares, may be suspended,
generally or in particular instances, when the ADR register or any register for deposited securities is closed or when any such action
is deemed advisable by the depositary.

The deposit agreements expressly limit the obligations
and liability of the depositary, Petrobras and each of Petrobras’ and the depositary’s respective agents, provided, however,
that no provision of the deposit agreements is intended to constitute a waiver or limitation of any rights which ADR holders or beneficial
owners of ADSs may have under the Securities Act or the Exchange Act, to the extent applicable. The deposit agreements provide that neither
Petrobras nor the depositary nor any such agent will be liable to ADR holders or beneficial owners of ADSs if:

| · | any present or future law, rule, regulation, order or decree of the United States, the Federative Republic of Brazil or any other         
 country or jurisdiction, or of any governmental or regulatory authority or securities exchange or market or automated quotation system,   
 the provisions of or governing any deposited securities, any present or future provision of Petrobras’ constituent documents, any         
 act of God, war, terrorism, nationalization, expropriation, currency restrictions, work stoppage, civil unrest, revolutions