**Exhibit 4.9**

 

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**Establishment Purchase Agreement and Other Covenants**

**Dated January 31, 2011**

 

**Summary of the Portuguese language original filed herewith**

 
| **PARTIES**                                          | ** ** | Fibria Celulose   S.A. (“Fibria”) and Suzano Papel e Celulose S.A. (“Suzano”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
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| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **PURPOSE**                                          | ** ** | Acquisition by Suzano of the 50% participation   owned by Fibria in *Consórcio Paulista de   Papel e Celulose — CONPACEL* consortium (the other 50% were already   owned by Suzano).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **PRICE**                                            |       | R$ 1,450,000,000, paid on the Closing Date   (January 31, 2011).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| ** **                                           |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **CERTAIN REPRESENTATIONS AND WARRANTIES OF FIBRIA** |       | 1. The company is a corporation duly incorporated   and validly existing under the Laws of Brazil.

 

2. All the necessary authorizations were duly   obtained for the execution of the Agreement.

 

3. Fibria is the lawful owner of the   establishment and its assets, which, except otherwise disclaimed, are free   and clear of any lien.

 

4. Notwithstanding the sale of the establishment,   Fibria remains with enough assets to comply with all of its obligations.

 

5. Except as otherwise disclaimed, the   establishment is provided with all of the applicable licenses and   registrations required by the federal, state or local authorities for the   performance of its business.                                                                                                                                                                                                                                                                                                           |
| ** **                                           |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **CERTAIN REPRESENTATIONS AND WARRANTIES OF SUZANO** | ** ** | 1. The company is a corporation duly incorporated   and validly existing under the Laws of Brazil.

 

2. All the necessary authorizations were duly   obtained for the execution of the Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **INDEMNIFICATION BY FIBRIA**                        | ** ** | Fibria shall indemnify Suzano for any losses   incurred by Suzano related to: (i) any breach, imprecision, or failure   to comply with any of its representations or warranties; (ii) failure to   comply with any of its obligations arising out of this agreement; (iii) any   existing contingencies, regardless if such contingencies incurs after the   Closing Date; and (iv) any and all debts, obligations, liens,   responsibilities, contingencies or losses of Fibria which may affect Suzano   and are not related to the Establishments or the Trademarks, regardless if such   events incurs previously or after the Closing Date.

 

Indemnification shall only become due by Fibria   (i) once the aggregate losses amount reaches R$1 million, or (ii) at   the end of each period of six months following the closing date, whichever   occurs first.

 

For undisclosed environmental liabilities,   Fibria’s indemnification liability shall be limited to R$50 million. |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **INDEMNIFICATION BY SUZANO**                        | ** ** | Suzano shall indemnify Fibria for any losses   incurred by Fibria related to: (i) any breach, imprecision, or failure   to comply with any of its representations or warranties; and (ii) failure   to comply with any of its obligations arising out of this agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **ADDITIONAL COVENANTS**                             | ** ** | Fibria shall also transfer to Suzano certain   trademarks related to CONPACEL. The transfer shall be made in a separate   agreement.

 

Fibria shall also license to Suzano, free of   charge and for a term of 7 years as of the Closing Date, certain genetic   material formulas used in CONPACEL.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **EXPENSES**                                         | ** ** | Each party shall be responsible for its own   expenses, including lawyers, accountants and consultants.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **NON COMPETE**                                      | ** ** | For 5 years as of the Closing Date, Fibria shall   not directly or indirectly compete in the “*cut size*”   and “couché *off machine*” paper business   activities, including as a shareholder, consortium member, partner, lender or   fiduciary agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **APPLICABLE LAW**                                   | ** ** | Brazilian Law.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| ** **                                           | ** ** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **ARBITRATION**                                      | ** ** | The arbitration shall take place in São Paulo,   State of São Paulo, Brazil, and follow the rules of the Arbitration and   Mediation Center of the Brazil-Canada Chamber.

 

For urgent measures, the parties elect the   jurisdiction of São Paulo, State of São Paulo, Brazil.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

 

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