Denomination        Bondsto the Bearer of Petroleo Brasileiro S.A. Petrobras

Legalbase            Law N� 2004 of October3, 1953

Series                    3 and 4

Dateissued            1957 to 1959

FaceValue            CR$ 1,000

Quantity                Any quantity

FirstTranche         500 pieces

We want to buy Petrobras Bonds any quantity under below setprocedures.
Please Contact us immediately to proceed.

1. Seller sells the Bonds and Buyers buys the Bonds at the price per Bond ofUSDUSD 13,500.00
2. The Buyer shall conduct a soft verification based on the serial numbers ofthe Bonds
3. Seller shall transfer the Bonds and the Laudo of the First Tranche to theBuyer, against receipt. Seller keeps full ownership of the remitted Bonds untiltheir full payment under the terms of this Contract.
4. Upon positive verification of the delivered Bond, Buyer undertakes to pay tothe Seller the Bonds of the First Tranche at the price specified in article 1inEUR equivalent to the bank account of the Seller specified in Appendix 3within( ) banking days from the day of transfer as per article 3.Intermediaries andFacilitators are paid as well by Buyer, at the same time, asper separate MFPA
5. Unless otherwise agreed between Parties, the Buyer unconditionally andirrevocably undertakes to return to the Seller the transferred Bonds and theLaudo in case the payment specified in article 4 is not effective within ()banking days after transferring said Bonds and Laudo as per article 3.
6. Upon successful execution of the First Tranche, Parties shall agree on thetime schedule for the next tranches under the same terms and procedure.
7. The Force Majeure exception clause of the International Chamber of Commerce(ICC publication number 421) is hereby incorporated and made part of theContract.
8. Both Parties confirm that each is fully empowered, legally qualified andduly authorized to execute this Contract and to be bound by its terms andconditions.
9. Codes provided by Buyer and Seller shall not change for any reason duringthis transaction.
10. It is hereby agreed, accepted and understood by the Buyer that the Bondsarepresently considered by its issuing company, Petr�leo BrasileiroS.A.(Petrobras) with no commercial value and that said company refuses to honourthe commitment made of its payment(s).
11. The Buyer hereby states that, regardless the position made byPetr�leoBrasileiro S.A.(Petrobras) concerning the Bonds, still wants to purchase fromthe Seller saidBonds.
12. This Contract is a full recourse commercial commitment governed by the lawsof Switzerland.
13. The Parties do hereby agree that the international acknowledged andaccepted non-circumvention and non-disclosure business standards shall apply tothe transaction for a period of five (5) years from the date of the executionof the Contract by the undersigned, his/her assigns, agents and others, thisNCND also applies top any and all other transactions that should occur director indirect.
14. In the event of a dispute concerning the execution or interpretation ofthis Contract, including breach or claim of breach therefore, the Parties agreeto have the matters submitted to binding arbitration under the InternationalChamber of Commerce regulation for reconciliation and arbitration; the venueshall be Switzerland.
15. Parties hereby acknowledge and confirm that neither of the collateralprovider northeir associates, nor any person on their behalf has solicited inany way whatsoever that can be construed to be a solicitation herein.