Agora Holdings, Inc. (OTCPK:AGHI) entered into a letter of intent to acquire Esilkroad Network Limited on March 1, 2018. On April 17, 2018, Agora Holdings, Inc. entered into a share exchange agreement to acquire eSilkroad Network Limited from Oleksandr Bondarenko and Oleg Sytnyk for HKD 32.8 million. On August 31, 2018, eSilkroad Network Limited and Agora Holdings, Inc. entered into an addendum to the share exchange agreement, which amended the terms of the agreement so that the ownership percentage of eSilkroad acquired by Agora Holdings was decreased from 100% to 51%. As consideration, Agora Holdings, Inc. will issue 7 million shares respectively to each of Oleksandr Bondarenko and Oleg Sytnyk. Agora Holdings, Inc. expects the acquisition to include the issuance of restricted common shares and to include a commitment for financing. Under the terms of the letter of intent, Agora Holdings, Inc. will have 30 days to complete due diligence on Esilkroad Network Limited before entering into a formal acquisition agreement, the terms of which are to be negotiated between the parties during the next 30 days. The transaction is subject to all Governmental Permits and Approvals. As of March 13, 2018, Agora Holdings, Inc. completed the due diligence on eSilkroad Network Limited. On October 4, 2018, Oleksandr Bondarenko, Oleg Sytnyk and Agora Holdings, Inc. entered into a second addendum to the share exchange agreement, with an effective date of September 30, 2018, pursuant to which each of Oleksandr Bondarenko and Oleg Sytnyk shall receive 7.1 million shares of Agora Holdings' common stock. The transaction is expected to close on April 15, 2018. As of April 17, 2018, the transaction is postponed and is expected to close on or about May 1, 2018. As of October 5, 2018, the transaction is expected to close as early as practicable.