Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 37

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 37
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levant Taxing Jurisdiction” shall be amended, if applicable, to include the applicable Successor Jurisdiction

b) Upon any consolidation,
merger, conveyance, or transfer in accordance with the Indenture, the Successor Person shall succeed to, and be substituted for, and may
exercise every right and power of Suzano or Suzano Netherlands, as applicable, under the Notes with the same effect as if the Successor
Person had been named as the issuer or guarantor of the Notes, and, in the case of an asset, transfer or other disposition, the predecessor
Company or Guarantor, as applicable, shall be released from all obligations under the Indenture, the Notes and, in the case of a Guarantor,
the guarantee.

Substitution of the Issuer

Without the consent of any
holder of the Notes, the Issuer or the Guarantor may arrange for and cause the substitution of the Issuer as issuer and principal obligor
in respect of any series of Notes by Suzano (including any successor to Suzano pursuant to the Indenture) or any wholly owned Subsidiary
of Suzano s (the “”); provided that:

a) the Successor Issuer shall
expressly assume, by a supplemental indenture executed and delivered to the Trustee, the due and punctual payment of the principal of
(and premium, if any) and interest on the Notes of such series and the performance of every covenant of the Indenture on the part of the
Issuer to be performed or observed, and, unless the Successor Issuer is Suzano, Suzano shall unconditionally guarantee all of the obligations
of such Successor Issuer under the Notes of such series and the Indenture as so supplemented;

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b) the Successor Issuer’s
assumption of obligations includes the obligation to pay the Additional Amounts described under “Description of the Debt Securities—Payment
of Additional Amounts” in the accompanying prospectus; provided that the definition of “Relevant Taxing Jurisdiction”
shall be amended, if applicable, to include the jurisdiction in which such Successor Issuer is resident for tax purposes;

c) immediately after giving
effect to such transaction and treating any indebtedness which becomes an obligation of the Successor Issuer as a result of such transaction
as having been incurred by the Successor Issuer at the time of such transaction, no Event of Default with respect to the Notes