Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 116

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 116
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 notes or other similar instruments;                            |

| (4) | all obligations, contingent or otherwise, of such Person in connection with any securitization of any receivables of such Person; |

| (5) | all obligations of such Person created or arising under any conditional sale or other title retention agreement with respect to Property 
 acquired by such Person (even though the rights and remedies of the borrower or the lender under such agreement in an event of default   
 are limited to repossession or sale of such Property);                                                                                   |

| (6) | all Capital Lease Obligations and all obligations under “synthetic 
 leases” of such Person;                                            |

| (7) | all obligations, contingent or otherwise, of such Person in respect of acceptances, letters of credit, financial guaranty insurance          
 policies or other similar instruments, excluding obligations in respect of trade letters of credit or bankers’ acceptances issued            
 in respect of trade accounts payables to the extent not drawn upon or presented, or, if drawn upon or presented, to the extent the resulting 
 obligation of the Person is paid within 10 Business Days;                                                                                    |

| (8) | all obligations of such Person to redeem, retire, defease or otherwise make any payment in respect of any Capital Stock of such Person; |

| (9) | all net obligations of such Person in respect of any Hedging Agreements (but without regard to any notional principal amount relating 
 thereto);                                                                                                                             |

| (10) | all obligations of such Person to pay the deferred and unpaid purchase price of property or services, all conditional sale obligations       
 and all obligations of such person under any title retention agreement, excluding trade payables arising in the ordinary course of business; |

| (11) | all Debt of other Persons referred to in clauses (1) through (10) above that is guaranteed by such Person to the extent 
 so guaranteed; and                                                                                                      |

| (12) | all Debt of other Persons referred to in clauses (1) through (11) above secured by (or for which the holder of such Debt has            
 an existing right, contingent or otherwise, to be secured by) a Lien on Property of such Person even though such Person has not assumed 
 such Debt.                                                                                                                              |

The amount of Debt of any Person will be deemed
to be:

| a) | with respect to contingent obligations, the maximum liability         
 upon the occurrence of the contingency giving rise to the obligation; |

| b) | with respect