Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 33

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 33
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 has taken measures it considers reasonable to avoid the obligation to pay Additional Amounts; and (ii) it
has complied with all applicable regulations to legally effect such redemption; provided, however, that for this purpose reasonable measures
shall not include any change in the Issuer’s, Suzano’s or any successor’s jurisdiction of incorporation or organization
or location of each of their principal executive or registered office.

In the event that the Issuer
elects to so redeem the Notes, it will deliver to the Trustee: (i) a certificate, signed in the name of the Issuer by two of its
directors or by its attorney in fact in accordance with its articles of association, stating that the Issuer is entitled to redeem the
Notes pursuant to their terms and setting forth a statement of facts showing that the condition or conditions precedent to the right of
the Issuer to so redeem have occurred or been satisfied; and (ii) an Opinion of Counsel (as provided for in the Indenture) to the
effect that the Issuer has or will become obligated to pay Additional Amounts in excess of the Additional Amounts payable at the Minimum
Withholding Level as a result of the change or amendment and that all governmental approvals necessary for the Issuer to effect the redemption
have been obtained and are in full force and effect.

Redemption following a Tender Offer

Notwithstanding the foregoing,
in connection with any tender offer for the notes, in the event that the holders of not less than 85% of the aggregate principal amount
of the outstanding notes validly tender and do not validly withdraw notes in such tender offer or a third party purchases all the notes
held by such holders, then the issuer will have the right, on not less than 10 nor more than 60 days’ prior notice, given not more
than 30 days following such purchase date, to redeem all of the notes that remain outstanding following such purchase at a price equal
to the price paid to each other holder in such tender offer, plus, to the extent not included in the purchase price, accrued and unpaid
interest and additional amounts, if any, on the notes that remain outstanding, to the date of redemption (subject to the right of holders
of record on the relevant record date to receive interest due on the relevant interest payment date).

Covenants

Limitation on Liens

Suzano will not, and will
not permit any Subsidiary to, directly or indirectly, incur or permit to exist any