Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 38

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 38
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 deferred and unpaid purchase price of property or services, all conditional sale obligations       
 and all obligations of such person under any title retention agreement, excluding trade payables arising in the ordinary course of business; |

| (11) | all Debt of other Persons referred to in clauses (1) through (10) above that is guaranteed by such Person to the extent 
 so guaranteed; and                                                                                                      |

| (12) | all Debt of other Persons referred to in clauses (1) through (11) above secured by (or for which the holder of such Debt has            
 an existing right, contingent or otherwise, to be secured by) a Lien on Property of such Person even though such Person has not assumed 
 such Debt.                                                                                                                              |

The amount of Debt of any Person will be deemed
to be:

| a) | with respect to contingent obligations, the maximum liability         
 upon the occurrence of the contingency giving rise to the obligation; |

| b) | with respect to Debt secured by a Lien on an asset of such Person                                                                
 but not otherwise the obligation, contingent or otherwise, of such Person, the lesser of (x) the fair market value of such asset 
 on the date the Lien attached and (y) the amount of such Debt;                                                                   |

| c) | with respect to any Debt issued with original issue discount,                                                    
 the face amount of such Debt less the remaining unamortized portion of the original issue discount of such Debt; |

| d) | with respect to any Hedging Agreement, the net amount payable                        
 if such Hedging Agreement terminated at that time due to default by such Person; and |

| e) | otherwise, the outstanding principal amount thereof. |

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“” means an event or
condition with respect to a series of Securities that, with the giving of notice, lapse of time or failure to satisfy certain specified
conditions, or any combination thereof, would become an Event of Default with respect to the Securities of such series if not cured or
remedied.

“” means, with
respect to any Person, any interest rate protection agreement, any currency or commodity swap, cap or collar agreement, any equity swap,
any weather related derivative or any arrangement similar to any of the foregoing entered into by such Person providing for the transfer
or mitigation of interest rate, currency, commodity price, equity risks, weather related risks or other risks either generally or under
specific contingencies.

“” means any mortgage, pledge,
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