Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 119

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 119
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 is not created in contemplation of or in connection with such acquisition, merger or consolidation;                             |

| (6) | any Lien in favor of issuers of surety bonds or letters of credit issued pursuant to the request of and for the account of Suzano 
 or any of its Subsidiaries in the ordinary course of business;                                                                    |

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| (7) | any Liens granted to secure borrowings from, directly or indirectly, (a) Banco Nacional de Desenvolvimento Econômico e                      
 Social—BNDES (including borrowings from any Brazilian governmental bank with funds provided by Brazilian regional funds including           
 Financiadora de Estudos e Projetos — FINEP, Fundo de Desenvolvimento do Nordeste — FDNE, Banco do Nordeste do Brasil and Fundo              
 de Desenvolvimento do Centro Oeste — FCO), or any other Brazilian governmental development bank or credit agency or (b) any                 
 international or multilateral development bank or government-sponsored agency, export-import bank or official export-import credit insurer; |

| (8) | any pledge or deposit made in the ordinary course of business in connection with workers’ compensation, unemployment insurance 
 or other similar social security legislation;                                                                                  |

| (9) | any deposit to secure appeal bonds, judicial deposits or other similar guarantees in proceedings being contested in good faith to            
 which Suzano or any Subsidiary is a party, good faith deposits in connection with bids, tenders, contracts (other than for the payment       
 of Debt) or leases to which Suzano or any its Subsidiaries is a party or deposits for the payment of rent, in each case made in the ordinary 
 course of business and for which adequate reserves have been made as required in accordance with Reporting GAAP;                             |

| (10) | any Lien imposed by law that was incurred in the ordinary course of business, including, without limitation, carriers’, warehousemen’s   
 and mechanics’ liens, statutory landlord’s liens, customary reservations or retentions of title easements, rights of way,                
 defects, zoning restrictions and other similar charges or encumbrances arising in the ordinary course of business, in each case for sums 
 not yet due or being contested in good faith by appropriate proceedings and for which adequate reserves have been made as required in    
 accordance with Reporting GAAP;                                                                                                          |

| (11) | any Lien or rights of set-off of