Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 31

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 31
---
 described 
 later under “Events of Default”.                                                                                                     |

If we accomplish covenant defeasance, you can
still look to us for repayment of the debt securities if there were a shortfall in the trust deposit. In fact, if any event of default
occurred (such as our bankruptcy) and the debt securities become immediately due and payable, there may be such a shortfall. Depending
on the event causing the default, you may not be able to obtain payment of the shortfall. (Section 13.03)

Events of Default

Each indenture provides that you will have special rights if an event of default occurs and is not cured or waived, as described later in this subsection and as may be specified in theapplicable prospectus supplement.

<div align='center'>20</div>

What Is an Event of Default?

Each indenture provides that the term “event
of default” with respect to any series of debt securities means any of the following:

a) Failure
to pay any interest (or additional amounts, if any) on any of the debt securities of that series on the date when due, which failure continues
for a period of 30 days; or failure to pay any principal on any of the debt securities of that series on the date when due, which failure
continues for a period of three days;

b) Failure
to comply with any of its other covenants or agreements in respect of the debt securities of that series or the applicable indenture (other
than those referred in the item above) and such failure continues for a period of 60 days after Suzano, Suzano Austria or Suzano Netherlands,
as applicable, receives a notice of default from the trustee acting at the written direction of holders of 25% of the principal amount
of the outstanding debt securities of the affected series; or by the holders of 25% of the principal amount of the outstanding debt securities
of the affected series;

c) The
maturity of any Debt of Suzano, Suzano Austria or Suzano Netherlands, as applicable, or any of the Significant Subsidiaries thereof in
a total aggregate principal amount of US$125,000,000 or more is accelerated in accordance with the terms of that Debt, it being understood
that prepayment or redemption by Suzano, Suzano Austria or Suzano Netherlands or any of the Significant Subsidiaries thereof, as applicable,
of any Debt is not acceleration for this purpose;

d) One
or more final and non-appeal