Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 144

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 144
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ode)
for a maximum period of four months during which enforcement actions by secured or preferential creditors are barred.

Any pending executions of judgments against Suzano Netherlands would
be suspended by operation of law when suspension of payments is granted and would be terminated by operation of law when bankruptcy is
declared. In addition, any attachment by holder of Dutch Debt Securities on its assets will cease to have effect upon the suspension
of payments having become definitive, a composition having been ratified by the court or the declaration of bankruptcy (as the case may
be) subject to the ability of the court to set an earlier date for such termination. Litigation pending on the date of the bankruptcy
order is automatically stayed. Under Dutch law, bankruptcy and moratorium of payment generally take effect at 00.00 a.m. on the
day of the judgment of the bankruptcy or the moratorium of payments.

In a suspension of payments or a bankruptcy, a composition (akkoord)
may be offered to creditors (including holders of Dutch Debt Securities). A composition will be binding on all unsecured and non-preferential
creditors (including holders of Dutch Debt Securities) if it is (i) approved by a simple majority of the creditors being present
or represented at the creditors' meeting, representing at least fifty per cent. of the amount of the claims that are admitted for voting
purposes, and (ii) subsequently ratified (gehomologeerd) by the competent Dutch court. Consequently, Dutch insolvency laws
could preclude or inhibit the ability of the holders of Dutch Debt Securities to effect a restructuring and could reduce the recovery
of such holder in Duch suspension of payments proceedings or bankruptcy. Interest accruing after the date on which a moratorium or bankruptcy
is granted cannot be claimed in a composition.

The existence, value and ranking of any claims submitted by holders
of debt securities may be challenged in Dutch insolvency proceedings. Generally, in a creditors’ meeting (verificatievergadering),
the receiver (curator) in bankruptcy, the administrator (bewindvoerder) in suspension of payment proceedings, the insolvent
debtor and all verified creditors may dispute the verification of claims of other creditors. Creditors whose claims or value thereof
are disputed in the creditors’ meeting may be referred to separate court proceedings (renvooiprocedure) in bankruptcy proceedings,
while in suspension of payment proceedings the competent court will decide how a disputed claim will be treated for voting purposes.
These situations could cause a holder of