Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 41

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 41
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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 any Person with respect to any Cash Equivalents on deposit account or securities account of Suzano         
 or any of its Subsidiaries arising in the ordinary course of business in favor of the bank(s) or security intermediary(ies) with            
 which such accounts are maintained, securing only amounts owing to such bank(s) with respect to cash management and operating account       
 arrangements; provided that any Lien or rights of netting or set-off which arise from general banking conditions (algemene bankvoorwaarden) 
 applicable to Suzano Netherlands shall at all times be permitted;                                                                           |

| (12) | any Lien on (i) cash or cash equivalents or other securities securing Hedging Agreements or other similar transactions permitted          
 in accordance with this Indenture or (ii) any right, title, interest and claim in, to and under, Hedging Agreements or other similar      
 transactions permitted in accordance with this Indenture, or any proceeds thereof, to secure a given Debt, to the extent that the purpose 
 of such Hedging Agreement is to mitigate risks related to such Debt;                                                                      |

| (13) | any Lien securing taxes, assessments and other governmental charges or levies, in each case the payment of which is not yet due or            
 is being contested in good faith by appropriate proceedings diligently conducted and for which such reserves or other appropriate provisions, 
 if any, have been established as required by Reporting GAAP;                                                                                  |

| (14) | any Liens on the receivables of Suzano or any of its