Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 117

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 117
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 Lien is incurred before, or within 365 days after the completion of, that acquisition, 
 construction or development and does not apply to any other property or assets of Suzano        
 or any Subsidiary;                                                                              |

| (4) | any Lien extending, renewing or replacing (or successive extensions,                         
 renewals or replacements of), in whole or in part, any Lien referred to in items (1), (2),   
 (3) above, and (6) and (7) below; provided that the principal amount of Debt                 
 secured thereby shall not exceed the principal amount of Debt so secured at the time of such 
 extension, renewal or replacement, except for any increase reflecting premiums, fees and     
 expenses in connection with such extension, renewal or replacement;                          |

| (5) | any Lien existing on any property or assets of any person before                         
 that person’s acquisition (in whole or in part) by, merger into or consolidation with    
 Suzano or any of its Subsidiaries after the date of the applicable indenture; provided   
 that the Lien is not created in contemplation of or in connection with such acquisition, 
 merger or consolidation;                                                                 |

| (6) | any Lien in favor of issuers of surety bonds or letters of credit                          
 issued pursuant to the request of and for the account of Suzano or any of its Subsidiaries 
 in the ordinary course of business;                                                        |

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| (7) | any Liens granted to secure borrowings from, directly or indirectly,                      
 (a) Banco Nacional de Desenvolvimento Econômico e Social—BNDES (including                 
 borrowings from any Brazilian governmental bank with funds provided by Brazilian regional 
 funds including Financiadora de Estudos e Projetos — FINEP, Fundo de Desenvolvimento      
 do Nordeste — FDNE, Banco do Nordeste do Brasil and Fundo de Desenvolvimento do Centro    
 Oeste — FCO), or any other Brazilian governmental development bank or credit agency       
 or (b) any international or multilateral development bank or government-sponsored agency, 
 export-import bank or official export-import credit insurer;                              |

| (8) | any pledge or deposit made in the ordinary course of business in                      
 connection with workers’ compensation, unemployment insurance or other similar social 
 security legislation;                                                                 |

| (9) | any deposit to secure appeal bonds, judicial deposits or other similar