Spice and Wolf: Merchant Meets The Wise Wolf

A traveling merchant stops in a village but is unable to meet with his contact. As he moves on, he discovers that a girl has stowed away in his cart.

Beset by pouring rain, Holo and Lawrence take refuge in a church. There, a novice merchant approaches Lawrence with a dubious business scheme.

Lawrence and Holo decide to go ahead with the business deal and travel to Pazzio. While Lawrence negotiates with an appraiser, Holo butts in.

With Holo's help, Lawrence realizes how the silver coin scheme works. Hoping to profit from it, they go to a manager of the Milone Trading Company.

After Lawrence and Marlheit formulate a plan to overcome their predicament, Lawrence heads into the sewers in hopes of rescuing Holo from her captors.

A reunited Holo and Lawrence flee from the Medio Company's men through the sewers but soon find themselves cornered by an unexpected acquaintance.

In the town of Poroson, Lawrence negotiates with a local merchant to sell the pepper, but he soon realizes Holo is trying to tell him something.

While transporting armor to a holy city, Lawrence and Hollow encounter a young shepherdess who asks them to hire her as protection on their journey.

Jakob's expression darkens at the guild when Lawrence mentions the buyer of his goods. Meanwhile, Norah visits the priest who gives her work.

On the brink of bankruptcy, Lawrence manages to scrape together a small amount of money to give to Holo, but his actions only end up angering her.