Token Purchase Agreement

This Token Purchase Agreement (the "Agreement") is entered into between Roots Trust, LCA d/b/a Roots Co-op ("Issuer") and the purchaser of ROOTS tokens ("Purchaser").

ROOTS can be exchanged for cUSD on Celo in the Sarafu Network, here.

1. Token Details

• Token Name: Roots Utility Credits (ROOTS)
• Token Purpose: ROOTS tokens represent pre-purchased hosting expenses that can be applied as credit for IT services provided by Roots Co-op.
• Conversion Rate: 100 ROOTS tokens = $1 USD of hosting credit
• Discount: 5% discount on hosting expenses when paid using ROOTS tokens

2. Purchase and Sale of Tokens

Purchaser agrees to buy and Issuer agrees to sell ROOTS tokens at the conversion rate specified above. Tokens will be issued to Purchaser's designated wallet address upon receipt of payment.

3. Use of Tokens

ROOTS tokens may be used to pay for hosting and IT services provided by Roots Co-op. Tokens will be deducted from Purchaser's balance as services are used, at a rate of 100 ROOTS per $1 of hosting expenses accrued.

4. Discounts

When paying for services using ROOTS tokens, Purchaser will receive a 5% discount compared to paying with fiat currency.

5. Token Buyback

Issuer agrees to buy back unused ROOTS tokens from Purchaser at 90% of the original purchase price, upon request.

6. No Investment Purpose

ROOTS tokens are utility tokens intended solely for the purchase of Issuer's services. Tokens are not securities and do not represent any ownership in Issuer. Purchaser acknowledges tokens are not being acquired for investment or speculative purposes.

7. Risks

Purchaser acknowledges the risks associated with purchasing and using blockchain-based tokens, including but not limited to cybersecurity risks, regulatory uncertainty, and technological limitations.

8. Governing Law

This Agreement shall be governed by the laws of the State of Colorado and the County of Jefferson,

By purchasing ROOTS tokens, Purchaser agrees to be bound by the terms of this Agreement.