I bought Supermicro's TPM AOM-TPM-9665V-C, successfully downgraded TPM 2.0 to TPM 1.2 on Z97-PRO(Wi-Fi ac)/USB 3.1 motherboard BIOS 3503.
On Supermicro site
https://www.supermicro.com/wdl/driver/TPM/, I downloaded 9665FW update package_1.5.zip, extracted all the files.
I ran this under command as administrator so I could find the current firmware version:
.\TPMFactoryUpd.exe -info
Then I ran this under command as administrator to downgrade current 2.0 firmware to 1.2 firmware:
.\TPMFactoryUpd.exe -update tpm20-emptyplatformauth -firmware TPM20_5.62.3126.0_to_TPM12_4.43.258.0.BIN
Updated successfully to TPM 1.2 and Windows 10 was able to see and use it (unlike original TPM 2.0 that Windows couldn't see/activate).