Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 61

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 61
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 Such proceedings will be governed by Austrian law (for example, if the “centre of main interests” of such company is within Austria or if such company has an “establishment” in the territory of Austria or, where the E.U. Insolvency Regulation (Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings(recast) (the “E.U. Insolvency Regulation”)) does not apply, if such company has assets
in Austria). Under certain circumstances, insolvency proceedings may also be opened in Austria in accordance with Austrian law with respect
to the assets of companies that are not organized under Austrian law.

The following is a brief description of certain
aspects of Austrian insolvency law. The law relating to insolvency is regulated by the Austrian Insolvency Act (Insolvenzordnung)
(the “AIA”).

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Insolvency proceedings (Insolvenzverfahren)
are opened by a court in the event that the debtor is insolvent (zahlungsunfähig) (i.e., unable to pay its debts as and when
they fall due) or over-indebted within the meaning of the AIA (überschuldet) (i.e., its liabilities exceed the value of its
assets (evaluated on the basis of its estimated liquidation value) in combination with a negative prognosis on its ability to continue
as a going concern (negative Fortbestehensprognose)). Under Austrian law, insolvency proceedings may be initiated either by the
(insolvent) company or a creditor by filing an application to that effect with a court of competent jurisdiction. If the requirements
for the opening of insolvency proceedings are met (insolvency or over-indebtedness), the (insolvent) company must apply for the opening
of insolvency proceedings without undue delay, but no later than sixty days after the occurrence of insolvency. If insolvency proceedings
are initiated upon a creditor’s request, such creditor will have to show that the debtor is insolvent or over indebted. In the event
that the debtor is at imminent risk of being unable to pay its debts as and when they fall due (drohende Zahlungsunfähigkeit),
insolvency proceedings may be initiated only upon the debtor’s request.

If the debtor has submitted, together with its
application requesting the opening of insolvency proceedings, an application for the commencement of