Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 30

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 30
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 the trust deposit would most likely be protected from claims of our lenders and other
creditors if we ever become bankrupt or insolvent. However, even if we take these actions, a number of our obligations relating to the
debt securities will remain. These include the following obligations:

| · | to register the transfer and exchange of debt securities; |

| · | to replace mutilated, destroyed, lost or stolen debt securities; |

| · | to maintain paying agencies; |

| · | to hold money for payment in trust; and |

| · | to indemnify the trustee according to the terms of the indenture. |

Covenant Defeasance

We can make the same type of deposit described
above and be released from all or some of the restrictive covenants (if any) that apply to the debt securities of any particular series.
This is called “covenant defeasance.” In that event, you would lose the protection of those restrictive covenants but would
gain the protection of having money and securities set aside in trust to repay the debt securities. In order to achieve covenant defeasance,
we must do the following:

| · | 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 nationally recognized  
 firm of independent accountants, 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.                                                                        |

| · | We must deliver to the trustee a legal opinion of our counsel 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 accomplish covenant defeasance, the following
provisions of the indenture and/or the debt securities would no longer apply:

| · | Any covenants applicable to the series of debt securities and described in the applicable prospectus supplement. |

| · | The events of default relating to breach of those covenants being defeased and acceleration of the maturity of other debt,