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The entrance exam comes to a close; captains decide which candidates they want for their squads.

Shiro's Log Horizon, along with the Crescent Moon Guild, opens up a food stand, serving up real food to reach their 5 million gold goal.

The three biggest merchant guilds are invited to discuss how to raise money by offering a slice of the Crescent Moon pie.

Shiro gathers all the major guilds for a round table conference to discuss the state of Akihabara; the Villain in Glasses disrupts the meeting.

A new enemy appears that no one quite expected.

The Kingdom of Eastal invites Shiro and the Round Table to dinner; Crescent Moon holds a training camp at the beach.

The Round Table meet with delegates from Eastal and try to feel out their motives; meanwhile, Minori and her group of young adventurers take on their first dungeon.

Crusty uses Princess Lennessia as a shield, disguising himself among the People of the Land; Akatsuki and Shiro learn more about the NPC's intents.