Arista Capital LTD entered into a letter of intent to acquire Praco Corporation (OTCPK:PRAY) from R. Scott Williams and others in a reverse merger transaction on February 22, 2017. Arista Capital LTD entered into a share exchange agreement to acquire Praco Corporation (OTCPK:PRAY) from R. Scott Williams and others in a reverse merger transaction on April 19, 2017. As consideration company will exchange two shares of Praco common stock in exchange for one common share of Arista common stock, which will equal 80% of the total outstanding shares of Praco. At closing, Praco will offer to exchange each outstanding Arista warrant for new warrants issued by Praco entitling the holder to purchase an equal number of Praco shares and subject to the same terms and conditions as the Arista warrants except that a cashless exercise will not be permitted. Also, at Closing, Praco will offer to exchange each outstanding Arista convertible note into a convertible note issued by Praco convertible in to an equal amount of Praco shares, subject to the same terms and conditions as the convertible notes currently held by Arista convertible noteholders. All Arista common share amounts and Praco common share amounts shall be adjusted accordingly if prior to Closing, any Arista noteholder or warrant holder converts or exercises their respective securities and agrees to exchange such Arista shares for Praco shares so as to allow Arista Shareholders to own 80% and Praco Shareholders to own 20% of the issued and outstanding shares on a non-diluted basis at Closing. Furthermore, at Closing, Arista will pay Praco $0.075 million to be used to pay outstanding liabilities of Praco. Praco will issue 2.084 million shares to the shareholders of Arista. Upon closing Arista shall become a wholly owned subsidiary of Praco. Upon execution of this Agreement, Arista shall deposit $0.010 million as escrow made payable to Jaclin Law, LLP. On the Closing Date, David Callan, Alan Cohen, and Robert Craig, the current directors of Praco, shall resign from the Board of Directors of Praco and the appointment of Paul Patrizio and Kenneth J. Mathews to the Praco Board shall become effective. R. Scott William, a current member of the board of directors of Praco, will remain a member of the Board of Directors. On the Closing Date, R. Scott Williams shall resign from each officer position held at Praco and immediately thereafter, the Praco Board shall appoint Paul Patrizio to serve as the Chief Executive Officer, Kenneth Mathews to serve as the Treasurer, and Walter Wojcik to serve as the Chief Financial Officer. The transaction is subject to, third party approval, executing a formal merger agreement which is expected to occur on or about March 31, 2017. The letter of intent is subject to court or any governmental body approval, execution of merger agreement and results of due diligence. The merger agreement is subject to approval by the shareholders and the Board of Directors of Praco, approval by the shareholders of Arista, resignation of Directors of Praco. The Board of Directors of Arista approved the agreement. The closing of the transaction shall take place sixty days after the execution of this agreement. On July 18, 2017 the Arista Capital and Parco Corporation entered into the first Addendum to the agreement, pursuant to which the closing date for the transaction was scheduled for September 15, 2017.