SEC Form 4 · accession 0001753571-18-000002
Exceed World, Inc. · EXDW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Force Internationale Ltd
10% Owner
Period of report
Apr 1, 2016
Accepted (ET)
Oct 5, 2018 · 1:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001634293
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F3 | Apr 1, 2016 | S | 140,000 | $0.002 | D | 19,860,000 | I | See Footnote 1 |
| Common SharesF2 | Aug 9, 2016 | S | 3,300 | $0.10 | D | 19,856,700 | I | See Footnote 2 |
| Common SharesF4,F1 | Oct 28, 2016 | J | 19,000,000 | — | D | 856,700 | I | See Footnote 1 |
| Common SharesF5,F1 | Oct 28, 2016 | J | 16,657,300 | — | A | 17,134,000 | I | See Footnote 1 |
| Common SharesF1,F6 | Jul 7, 2017 | S | 2,240,000 | $0.017 | D | 14,894,000 | I | See Footnote 6 |
| Common SharesF7 | Sep 26, 2018 | P | 14,894,000 | $0.0017 | A | 14,894,000 | D | |
| Common SharesF8 | Sep 26, 2018 | P$0 | 12,700,000 | — | A | 27,594,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person, as of April 1, 2016 and until September 26, 2018, was a 100% owner of Force International Holdings Ltd. which was, during the same time period, a 100% owner of e-Learning, which as of April 1, 2016 was a 74.5% owner of the Issuer.
- F2Force Internationale Ltd.'s indirect ownership was reduced when e-Learing sold 3,300 of its common shares of the Issuer to unrelated parties.
- F3Force Internationale Ltd.'s indirect ownership was reduced when e-Learning sold 140,000 of its shares of common stock of the Issuer.
- F4On October 28, 2016, the Issuer, with the approval of its Board of Directors and majority shareholders, authorized the cancellation of 19,000,000 shares of common stock of the Issuer owned by e-Learning. e-Learning consented to the cancellation.
- F5On October 28, 2016, the Issuer authorized a 1:20 forward split of its shares of common stock.
- F6e-Learning sold 2,240,000 its shares of common stock of the Issuer reducing the Reporting Person's indirect ownership to 14,894,000 common shares.
- F7On September 26, 2018, Force Internationale Ltd. entered into a Share Purchase Agreement with its 100% owned subsidiary e-Learning Laboratory Co., Ltd, ("e-Learning") under which e-Learning transferred its 14,894,000 shares of the common stock of the Issuer to Force Internationale Ltd. in exchange for $26,000.00
- F8On September 26, 2018, the Issuer acquired Force International Holdings Ltd. from Force Internationale Ltd. and issued 12,700,000 shares of its common stock to Force Internationale Ltd. as consideration.