Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 161

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 161
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 account for any profit made or payment received
in such transactions or relationships, and (vi) the depositary shall not be deemed to have knowledge of any information held by any
branch, division or affiliate of the depositary.

Governing Law and Consent to Jurisdiction

The deposit agreements and the ADRs are governed
by and construed in accordance with the internal laws of the State of New York without giving effect to the application of the of law
principles thereof. In the deposit agreements, Petrobras has submitted to the jurisdiction of the courts of the State of New York and
appointed an agent for service of process.

By holding an ADS or an interest therein, ADR holders
and beneficial owners of ADSs each irrevocably agree that any legal suit, action or proceeding against or involving Petrobras or the depositary,
arising out of or based upon the deposit agreements, the ADSs or the transactions contemplated thereby, may only be instituted in a state
or federal court in the Borough of Manhattan, New York, New York, and each irrevocably waives any objection which it may have to the laying
of venue of any such proceeding, and irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding.

Notwithstanding the foregoing, the depositary may,
in its sole discretion, elect to institute any suit, action or proceeding against Petrobras based on the deposit agreements, the ADSs
or the ADRs or the transactions contemplated thereby, in any state or federal court in the Borough of Manhattan, New York, New York, or,
in the case of a suit, action or proceeding to enforce a New York based state or federal court ruling, order or judgment, in any competent
court in the Federative Republic of Brazil and/or the United States.

Jury Trial Waiver

The deposit agreements provide that, to the fullest
extent permitted by applicable law, each party thereto (including, for avoidance of doubt, each ADR holder and beneficial owner and/or
holder of interests in ADSs) irrevocably waives the right to a jury trial in any suit, action or proceeding against Petrobras or the depositary
directly or indirectly arising out of or relating to the shares or other deposited securities, the ADSs, the ADRs, the deposit agreements,
or any transaction contemplated therein, or the breach thereof (whether based on contract, tort, common law or other theory), including
any suit, action