Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 29

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 29
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 U.S. holder
in exchange for new debt securities issued by the new obligor. As a result of this deemed disposition, a U.S. holder could be required
to recognize capital gain or loss for U.S. federal income tax purposes equal to the difference, if any, between the issue price of the
new debt securities (as determined for U.S. federal income tax purposes), and the U.S. holder’s tax basis in the debt securities.
U.S. holders should consult their tax advisors concerning the U.S. federal income tax consequences to them of a change in obligor with
respect to the debt securities. (Section 8.02)

Defeasance and Discharge

The following discussion of full defeasance and
covenant defeasance will apply to your series of debt securities.

Full Defeasance

We can legally release ourselves from any payment
or other obligations on the debt securities, except for various obligations described below (called “full defeasance”), if
we, in addition to other actions, put in place the following arrangements for you to be repaid:

| · | We must irrevocably deposit in trust for your benefit and the benefit of all other direct holders of the debt securities a combination     
 of money and non-callable U.S. government or U.S. government agency debt securities or bonds that, in the opinion of a firm of nationally  
 recognized independent public accounts, will generate enough cash without reinvestment to make interest, principal and any other payments, 
 including additional amounts, on the debt securities on their various due dates.                                                           |

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| · | We must deliver to the trustee a legal opinion of our counsel, based upon a ruling by the U.S. Internal Revenue Service or upon a      
 change in applicable U.S. federal income tax law, confirming that under then current U.S. federal income tax law we may make the above 
 deposit and a beneficial owner of the debt securities will not recognize gain or loss for U.S. federal income tax purposes as a result 
 thereof and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as if we did not  
 make the deposit.                                                                                                                      |

If we ever did accomplish full defeasance as described
above, you would have to rely solely on the trust deposit for repayment on the debt securities. You could not look to us for repayment
in the unlikely event of any shortfall. Conversely,