Agora Holdings, Inc. (OTCPK:AGHI) entered into a purchase agreement to acquire 9706801 Canada, Inc. from Danail Terziev for $13.3 million on June 12, 2017. As part of consideration, Agora Holdings will issue 20 million restricted shares of its common stock. 9706801 Canada generated $0.5 million revenue in 2016. The transaction is subject to resolutions of each Agora Holdings and 9706801 Canada directors, managers, managing members approving the transaction, RiNet IP assignment agreement duly executed by Danail Terziev, customary closing conditions and other conditions. Ken Bart of Bart and Associates, LLC acted as legal advisor for Agora Holdings. Agora Holdings, Inc. (OTCPK:AGHI) completed the acquisition of 9706801 Canada, Inc. from Danail Terziev on June 12, 2017.