Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 39

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 39
---
 principal amount of the outstanding Notes; or by the holders of 25% of the principal
amount of the outstanding Notes;

c) The
failure to make a principal payment when due and such defaulted payment is not made, waived or extended within the applicable grace period
with respect to any Debt having an outstanding principal amount of US$125,000,000 or more (or the equivalent thereof at the time of determination);
or the maturity of any Debt in a total outstanding principal amount of US$125,000,000 or more (or the equivalent thereof at the time of
determination) is accelerated in accordance with the terms of that Debt, it being understood that prepayment or redemption by Suzano,
Suzano Netherlands or any of the respective Material Subsidiaries thereof, as applicable, of any Debt is not acceleration for this purpose;

<div align='center'>S-26</div>

d) One
or more final and non-appealable judgments or orders for the payment of money are rendered against Suzano, Suzano Netherlands or any of
their respective Subsidiaries, as applicable, and are not paid or discharged, and there is a period of 60 consecutive days following entry
of the final and non-appealable judgment or order that causes the aggregate amount for all such final and non-appealable judgments or
orders outstanding and not paid or discharged against all such Persons to exceed U.S.$125,000,000 or the equivalent thereof at the time
of determination (in excess of amounts which Suzano’s insurance carriers have agreed to pay under applicable policies) during which
a stay of enforcement, by reason of a pending appeal or otherwise, is not in effect;

e)
Proceedings are initiated against the Issuer or Suzano or any Material Subsidiary thereof under any applicable bankruptcy,
reorganization, insolvency, moratorium or intervention law or law with similar effect, or under any other law for the relief of, or
relating to, debtors, and any such proceeding is not dismissed or stayed within 60 days after the entering of such proceeding, or an
administrator, receiver, administrador judicial, liquidator, custodian, trustee, manager, fiduciary, statutory manager,
intervener or assignee for the benefit of creditors (or other similar official), excluding in any event a restructuring expert
(herstructureringsdeskundige) or an observer (observator), is appointed to take possession or control of, or a