The 25 year old peddler, Kraft Lawrence goes to the town of Pasroe, during the time of their festival, for some trade. On the moonlit night he is startled when he discovers a wolf-like girl in his wagon. She then tells him that she is the wolf god of that village and her name, Holo. The next day he leaves the town for more trade and Holo goes along with him.

After freeing himself from his bonds, Lawrence goes in search of Holo. Instead of finding her, she finds him. When Lawrence informs her of the situation, Holo agrees to help him save Nora. Can they make it in time to save her?

Instead of taking Holo to the festival as planned, Lawrence is taken by fellow merchant Batos to meet Dianna Rubens, an alchemist, to learn more about Yoitsu. She tells Lawrence of a legend about the bear that destroyed Yoitsu and also of a large wolf near the town of Renos who called herself Holo of Yoitsu.

To gain access to the alchemists' quarter, Lawrence asks Batos for a password to meet Dianna. Upon his arrival, Lawrence is told that the pyrite has already been sold on credit. Dianna, however, agrees to sell Lawrence pyrite instead and tells him that she will handle negotiations and contact him upon their completion. The next morning, Lawrence goes to the exchange with Amati and receives fourteen gold coins, equivalent to 300 silver coins, in accordance with their deal. The price of pyrite continues rising, worrying Lawrence.

Eve explains the plan to Lawrence: they will sell Holo to gain cash, which they will then use to buy the fur in town. The fur will then be sold in turn at a profit, and Holo will be bought back. After Lawrence explains it to Holo, she also agrees to the plan, hoping Lawrence will be more selfish and use the profit to achieve his dream. Later, Lawrence's digging around town reveals that Eve is trading in salt and that the church in town is aiming to become more powerful in the region and Eve had a disagreement with the bishop but Lawrence and Holo resolve to go with Eve's plan nonetheless.

The trading company wishing to purchase Holo proposes to pay with 60 gold coins instead of 2,000 silver coins because of their inability to procure the necessary silver, and Lawrence agrees to the deal. While celebrating the deal, Eve reveals she had been purchased and married to a merchant. She tells Lawrence and Holo to cherish their experiences together. Back at the inn, Holo suggests they should end their journey after she is sold since Lawrence has almost realized his dream of becoming a shop owner, and Lawrence's efforts to dissuade her fail. The next morning, they return the books borrowed from Ligro, pausing to converse with a nun residing in Ligro's home. Suddenly, Eve arrives and says there has been a coup d'état, leaving them surrounded by a rebellion.