AI Compute Deal Commits $300-400M Over Five Years, $160M Upfront

Updates

1. Oct 16, 12:52 PM ET · SEC 6-K — The agreement includes a Company guarantee of AGCC Singapore's payment obligations and carry-forward of an existing deposit; title to hardware stays with the Provider on normal expiry.

   • Deal Structure — Signed October 16, 2026 by AGCC Singapore Pte. Ltd. with a Singapore-based provider of AI computing resources. The agreement follows the previously disclosed preliminary arrangement announced on July 17, 2026, and covers AI computing resources to be accessed in Indonesia.
   • Contract Value — Aggregate contractual charges over the full term would be approximately US$300 million to US$400 million, excluding applicable taxes and additional infrastructure and operating costs. The contractual aggregate ceiling for advance payments is within the range of US$150 million to US$160 million; this ceiling is not the total contract value.
   • Payment Terms — Each notified amount becomes unconditionally payable within 14 days after both parties sign the delivery notification. Advance payments actually paid are credited against monthly contractual charges in 60 equal monthly instalments from the first monthly invoice for the relevant capacity. Payment obligations for accepted capacity are not contingent on customer utilisation or receipts.
   • Term and Deployment — The five-year term commences upon delivery and acceptance of each batch, with phased deployment of the contracted capacity. Part of the contemplated capacity is subject to subsequent written confirmation by AGCC Singapore. Deployment remains subject to the agreed delivery and acceptance procedures, availability of the underlying resources, funding, facility readiness and applicable regulatory requirements.
   • Costs and Termination
     • Electing not to proceed with additional capacity may require payment of procurement, cancellation and financing costs.
     • In specified circumstances, may require taking over assets already procured for the arrangement at cost.
     • Refunds are subject to contractual set-off and, in specified circumstances, may include non-cash asset transfers.
     • The Company and its subsidiaries (the "Group") are responsible for colocation, electricity, networking and operation and maintenance costs.
     • Early termination is restricted and may require substantial termination compensation.
   • Renegotiation and Commitment — Prices for the fourth and fifth years may be renegotiated; scheduled prices continue if no new prices are agreed. The Agreement creates a long-term commitment to secure AI computing capacity and does not itself generate customer revenue.
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   • Prices for the fourth and fifth years may be renegotiated; scheduled prices continue if no new prices are agreed.
   • Electing not to proceed with additional capacity may require payment of procurement, cancellation and financing costs.
   • In specified circumstances, may require taking over assets already procured for the arrangement at cost.
   • Refunds are subject to contractual set-off and, in specified circumstances, may include non-cash asset transfers.
   • Part of the contemplated capacity is subject to subsequent written confirmation by AGCC Singapore.
   • Deployment remains subject to the agreed delivery and acceptance procedures, availability of the underlying resources, funding, facility readiness and applicable regulatory requirements.
   • Signed October 16, 2026 by AGCC Singapore Pte. Ltd. with a Singapore-based provider of AI computing resources.
   • Five-year term commences upon delivery and acceptance of each batch, with phased deployment of the contracted capacity.
   • Aggregate contractual charges over the full term would be approximately US$300 million to US$400 million, excluding applicable taxes and additional infrastructure and operating costs.
   • Contractual aggregate ceiling for advance payments within the range of US$150 million to US$160 million; this ceiling is not the total contract value.
   • Advance payments actually paid are credited against monthly contractual charges in 60 equal monthly instalments from the first monthly invoice for the relevant capacity.
   • Each notified amount becomes unconditionally payable within 14 days after both parties sign the delivery notification.
   • The Company and its subsidiaries (the "Group") are responsible for colocation, electricity, networking and operation and maintenance costs.
   • Payment obligations for accepted capacity are not contingent on customer utilisation or receipts.
   • Early termination is restricted and may require substantial termination compensation.
   • The Agreement creates a long-term commitment to secure AI computing capacity and does not itself generate customer revenue.
   • Agreement entered into by Agencia Comercial Spirits Ltd through its wholly-owned subsidiary, AGCC Singapore Pte. Ltd.
   • Provider is a Singapore-based provider of AI computing resources.
   • AI computing resources to be accessed in Indonesia.
   • Agreement follows the previously disclosed preliminary arrangement announced on July 17, 2026.