Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 101

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 101
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 otherwise specified in the applicable
prospectus supplement, Suzano will not, and will not permit any Subsidiary to, directly or indirectly, incur or permit to exist any Lien
securing the payment of Debt on any of its properties or assets, whether owned at the Issue Date or thereafter acquired, other than Permitted
Liens, without effectively providing that the debt securities or the debt securities guarantees, as applicable, are secured equally and
ratably with (or, if the obligation to be secured by the Lien is subordinated in right of payment to the debt securities or any debt
securities guarantees, prior to) the obligations so secured for so long as such obligations are so secured.

Consolidation, Merger or Sale of Substantially All Assets

Unless otherwise specified in the applicable
prospectus supplement, each of Suzano, Suzano Austria and Suzano Netherlands will covenant that it will not consolidate with or merge
with or into, or convey, transfer or lease all or substantially all of its assets (determined on a consolidated basis) to, any person,
without the consent of the holders of a majority in aggregate principal amount of the debt securities outstanding under the applicable
indenture, unless:

| · | the                                                                                                   
 person formed by such consolidation or into which Suzano, Suzano Austria and Suzano Netherlands,      
 as the case may be, is merged into (if other than Suzano, Suzano Austria and Suzano Netherlands,      
 as the case may be) or the person that acquires by conveyance, transfer or lease all or substantially 
 all of the properties or assets of Suzano, Suzano Austria and Suzano Netherlands, as the              
 case may be, which we refer to as the “successor person,” will expressly                              
 assume, by a supplemental indenture to the applicable indenture, all obligations of Suzano,           
 Suzano Austria and Suzano Netherlands, as the case may be, under the applicable indenture             
 and the debt securities or guarantee, as applicable, issued under that indenture;                     |

| · | immediately                                                                                    
 after giving effect to such transaction, no Event of Default with respect to any debt security 
 issued under the applicable indenture will have occurred and be continuing; and                |

| · | Suzano,                                                                                      
 Suzano Austria or Suzano Netherlands, as the case may be, has delivered to the trustee under 
 the applicable indenture:                                                                    |

| o | a                                                                                               
 certificate signed by an executive