Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 118

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 118
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 guarantees in proceedings being contested in good faith to which Suzano or any Subsidiary     
 is a party, good faith deposits in connection with bids, tenders, contracts (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