Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 40

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 40
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 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 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 (