Summary by Futu AI
Super Micro Computer has entered into a Master Colocation Services Agreement (MCSA) with 4701 Santa Fe, LLC on June 14, 2024, to lease data center space in Vernon, California. The agreement includes Service Order MCSA-001, under which the company will lease 21 MW of a multi-tenanted facility for a 10-year term, with an estimated aggregate financial obligation of $600 million.Concurrently, Super Micro has executed a Sublicense agreement with Lambda, Inc., transferring all rights and obligations regarding the Data Center Space. Lambda will assume all financial responsibilities, including monthly recurring charges plus an additional monthly fee, and will pay other charges directly to the Supplier. In case of default and subsequent payment acceleration, Super Micro maintains the right to seek reimbursement from Lambda.