Document:

Exhibit

EXHIBIT 10.27

PRIVATE & CONFIDENTIAL

26 June 2019

ATTENTION: SUPER MICRO COMPUTER, INC. TAIWAN

RE: The Summary of Credit Facilities

According to Super Micro's needs of bank facilities, CTBC BANK CO., LTD. has approved bank facilities and terms below:

	
					
	Product Type
	Credit Line Amount
	Tenor
	Interest Rate
	Notes

	Short Term Loan / Guarantee
	TWD700M/
TWD100M
	1 Year
	I1(M)+0.25%/5% p.a.
	1. Collateral: BaDe factory
2. Guarantee line is included in Short Term Loan.

	Short Term Loan
	TWD1,500M
	1 Year
	Bargaining Rate
	1. Clean loan
2. Loan drawdown against TW local buyer's trade documents (P/Os or Invoices).
3. Drawdown Tenor: 180 Days
4. Up to 100% of invoice amount can be financed

	Export O/A Loan
	USD50M
	1 Year
	Bargaining Rate
	1. Clean loan
2. Drawdown Tenor: 120 Days
3. O/A list is required upon drawdown.
4. Up to 100% of invoice amount can be financed.
5. O/A loan drawdown could be financed via TWD. (*

	Total Cap
	USD50M

Bargaining Rate:
1M COF / I1 +0.30%: repay by the end of each quarter (Mar31, Jun30, Sep30, Dec31)
1M COF / I1 +0.50%: Drawdown cross quarter

COF: CTBC BANK's cost of USD fund.
I1: CTBC BANK's cost of TWD fund.
(*: If choosing TWD, TWD interest base rate will be "I1", and to plus the same margin.

Collateral: BaDe factory: Mortgaged amount TWD1,160M.

中國僖託商業銀行 (股)公 司 CTBC Bank Co., Ltd.
11568 臺北市南港區經貿二路 168 號 No.168, Jingmao 2nd Rd.,  Nangang Dist., Taipei City 11568, Taiwan, R.O.C 
Tel: 886-2-3327-7777

Terms:

		
	•
	Shared revolving line of credit facility of USD50M for SUPER MICRO COMPUTER, INC. TAIWAN and SUPER MICRO COMPUTER B.V.

		
	•
	Tenor: From 26 June 2019 to 30 June 2020

Yours Faithfully,
For and on behalf of
CTBC BANK CO., LTD.
        

中國僖託商業銀行 (股)公 司 CTBC Bank Co., Ltd.
11568 臺北市南港區經貿二路 168 號 No.168, Jingmao 2nd Rd.,  Nangang Dist., Taipei City 11568, Taiwan, R.O.C 
Tel: 886-2-3327-7777Exhibit

EXHIBIT 10.28

PRIVATE & CONFIDENTIAL
6 May 2020                
ATTENTION: SUPER MICRO COMPUTER, INC. TAIWAN

TWD 1,200 Million 10-Year Term Loan Facility
Summary of Terms & Conditions

According to Super Micro’s needs of debt finance, CTBC Bank CO., LTD. Would like to propose the indicative bank facilities and terms below: 
	
											
	Borrower
	Super Micro Computer, Inc. Taiwan(美超微電腦股份有限公司)

	Purpose
	To finance the construction cost of Bade Factory phase 1 expansion.

	Lender
	CTBC Bank Co., Ltd. ("CTBC")

	Collateral
	Bade Factory, and its buildings after phase 1 expansion completed.
Serial No.: 桃園市八德區大安段 483-1 、484 建號
Land Serial No.: 桃園市八德區大安段 422-1、422-3、422-4、422-6、422-13、422-14、422-15、422-17 、422-18、422-21 、429、429-1、429-2、429-3 、430 、430-1、430-2、431 、431-1 、431-2 、431-4 、434 、434-2 、434-3 、434-4 、434-5 、538 、538-1 、538-3

	Facility Amount
	TWD1,200,000,000only (CTBC facility no.: TW00129786)

	Facility Type
	Program loan-long term, non-revolving

	Maturity
	120 months from the Initial Drawdown Date

	Interest Rate
	2-year term floating rate of postal saving interest rate (2YR POSR) + 0.105%

	Commission fee subsidy from National Development Fund
	Loan Facility operates and governed in accordance with the guidelines of the National Development Fund ("NDF") "Loans for Accelerated Investment by Domestic Corporation"  (根留台灣企業加速
投資專案貸款), the interest rate bearing could be deducted directly with such subsidy.
(For example: the approved commission fee rate is 0.50% for the first 5 years, therefore the actual interest rate bearing for the Borrower will be "2YR POSR - 0.395%" for the first 5 years, and "2YR POSR + 0.105%" for the last 5 years)

	Utilization
	  1. Drawdown application against commercial invoices issued within 6 months by the contractor. Each utilization amount is up to 80% of each invoice amount. Invoices payables paid by the Borrower are accepted. The invoice numbers which are financed shall be monitored in avoidance of multiple financing. Facility drawdowns are subject to pay and transfer to the contractor's account, except for those paid payables by the Borrower.
  2. The portion of drawdown amount shall be draw according to the progree of construction. The identification of each progres of construction based on each verifciation letter issued by SGS Taiwan Limited.

	
											
	 
	 
	item
	Progress of Construction
	Portion
	Accum. Portion
	Amount
	Accum. Amount
	 

	1
	H 型銅樁打設完成
	3.00%
	3.00%
	36,000,000
	

	36,000,000
	

	 

	2
	第一階支撐架設完成
	3.00%
	6.00%
	36,000,000
	

	72,000,000
	

	 

	3
	土方開挖完成
	3.00%
	9.00%
	36,000,000
	

	108,000,000
	

	 

	4
	筏碁層結構灌漿完成
	6.00%
	15.00%
	72,000,000
	

	180,000,000
	

	 

	5
	B2 結構體灌漿完成
	6.00%
	21.00%
	72,000,000
	

	252,000,000
	

	 

	6
	B1 結構體灌漿完成
	5.00%
	26.00%
	60,000,000
	

	312,000,000
	

	 

	7
	1F 結構體灌漿完成
	5.00%
	31.00%
	60,000,000
	

	372,000,000
	

	 

	8
	2F 結構體灌漿完成
	5 00%
	36.00%
	60,000,000
	

	432,000,000
	

	 

	9
	3F 結構體灌漿完成
	5.00%
	41.00%
	60,000,000
	

	492,000,000
	

	 

	10
	4F 結構體灌漿完成
	5.00%
	46.00%
	60,000,000
	

	552,000,000
	

	 

	11
	5F 結構體灌漿完成
	5.00%
	51.00%
	60,000,000
	

	612,000,000
	

	 

	12
	6F 結構體灌漿完成
	5.00%
	56 00%
	60,000,000
	

	672,000,000
	

	 

	13
	7F 結構體灌漿完成
	5.00%
	61.00%
	60,000,000
	

	732,000,000
	

	 

	14
	8F 結構體灌漿完成
	5.00%
	66.00%
	60,000,000
	

	792,000,000
	

	 

	15
	9F 結構體灌漿完成
	3.00%
	69.00%
	36,000,000
	

	828,000,000
	

	 

	16
	屋突層結構體灌漿完成

	2.00%
	71.00%
	24,000,000
	

	852,000,000
	

	 

	17
	外牆粉刷打底完成
	4.00%
	75.00%
	48,000,000
	

	900,000,000
	

	 

	18
	外牆鋁窗及帷幕安裝完成
	3.00%
	78.00%
	36,000,000
	

	936,000,000
	

	 

	19
	外牆貼磚 完成
	4.00%
	82.00%
	48,000,000
	

	984,000,000
	

	 

	20
	外牆拆 架完成
	3.00%
	85.00%
	36,000,000
	

	1,020,000,000
	

	 

	21
	消防檢查合格
	3 00%
	88.00%
	36,000,000
	

	1,056,000,000
	

	 

	22
	取得使用執照

	2.00%
	90.00%
	24,000,000
	

	1,080,000,000
	

	 

	23
	送水送電完成
	3.00%
	93.00%
	36,000,000
	

	1,116,000,000
	

	 

	24
	機電空調測試完成
	2.00%
	95.00%
	24,000,000
	

	1,140,000,000
	

	 

	25
	驗收完成
	5.00%
	100.00%
	60,000,000
	

	1,200,000,000
	

	 

	 
	Total
	100.00%
	 
	1,200,000,000
	

	 
	 

	For item 17~21, the order of drawdown could vary based on construction situation. The cumulative drawdown amount shall be constrained up to 71% of the Facility before the structure of the building is constructed.

	
											
	Availability Period
	Available for drawdown by the Borrower within 24 months from the Initial Drawdown Date Any undrawn facility amount shall be cancelled automatically at the end of the relevant Availability Period.

	Repayments
	Subject to a grace period of 36 months after the Initial Drawdown Date, the total principal
outstanding under the Facility shall be amortized monthly from the 37th month. 
Scheduled repayment day is set on the 15th day of each month.

	Conditions Precedent for Initial Drawdown
	Obtain a waiver from the USD250M Syndication arranged by Bank of America for Super Micro Computer, Inc. which is about limitation on debt facilities ceiling of the Borrower.
Delivery of copies of construction license of BaDe Factory phase 1 expansion
Delivery of copies of signed construction contract
Delivery of copies of investment plan for "Action Plan for Accelerated Investment by Domestic Corporations" (根留台灣企業加速投資專案貸款).
Delivery of copies of consent letter of qualification for "Action Plan for Accelerated Investment by Domestic Corporations " (根留台灣企業加速投資專案貸款).
Delivery of written consent form by the contractor who agrees to unconditionally waive any contractor's lien thereto and the rights to request for the lien registration. 
Delivery of warranty by the Borrower of mortgage of unregistered buildings.
Delivery of warranty by the Borrower that shall not change the identity of project applicant (起造人).
Collateral shared mortgage with CTBC facility no. TW00026207 (ie: Short-Term revolver TWD 700 million). Total mortgage amount shall be no less than TWD 2,280 million via change of registration rights.

	Conditions Subsequent
	Immediately mortgage the buildings constructed on the land lots to CTBC at the first priority lien within 1 month after the completion of the construction and registration.
Delivery a collateral appraisal report from certified appraiser in form and substance satisfactory to CTBC within 2 months after the completion of the construction and registration.
In case the Borrower violates guidelines of "Action Plan for Accelerated Investment by Domestic Corporations" (根留台灣企業加速投資專案貸款), or the NDF ceases the commission fee subsidy, the applicable interest rate shall restore to "2YR POSR + 0.105%"

	Major Covenants and Undertakings
	The ultimate parent company Super Micro Computer, Inc. shall all times maintain, directly and indirectly, 100% of the Borrower's equity capital.
The Borrower shall keep accurate and complete accounting records and vouchers. In case the Borrower violates guidelines, the Borrower shall return all the commission fees paid by the NDF for the case. 
The Borrower warrants that, during the period of construction by the project applicant, it shall not grant junior liens on the collateral to any third party.
The Borrower as the project applicant warrants that it shall not change the identity of the project applicant or any reduction of construction area without obtaining prior written consent from CTBC.

	
											
	Financial Covenants
	The following financial covenants shall be tested semi-annually based on the Borrower's financial statements: 
     (1) Current Ratio (Current Assets / Current Liabilities ) ≥ 100% ; 
     (2) Debt Service Coverage Ratio (EBITDA / (Current Portion of Long-Term Debt + Interest Expense ) ) ≥ 130% ;
     (3) Financial Debt Ratio ( Total Financial Debts / Tangible Net Worth ) ≤ 180% 

The above financial covenants shall be renegotiated whenever the Borrower engages phase 2 land acquisition plans.

Yours Faithfully,               

For and on behalf of                   

        
CTBC BANK CO., LTD.

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