SEC Form 4 · accession 0001753571-18-000003
Exceed World, Inc. · EXDW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Force International Holdings Ltd
10% Owner
Period of report
Apr 1, 2016
Accepted (ET)
Oct 5, 2018 · 2:39 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 | 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 SharesF3 | Oct 28, 2016 | J | 19,000,000 | — | D | 856,700 | I | See Footnote 3 |
| Common SharesF4 | Oct 28, 2016 | J | 16,657,300 | — | A | 17,134,000 | I | See Footnote 4 |
| Common SharesF5 | Jul 7, 2017 | S | 2,240,000 | $0.017 | D | 14,894,000 | I | See Footnote 5 |
| Common SharesF6 | Sep 26, 2018 | S | 14,894,000 | $0.0017 | D | 0 | I | See Footnote 6 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Force International Holdings Ltd., ("Force Holdings" or the "Reporting Person") at the time of the transaction reported was a 100% owner of e-Learning Laboratory Co., Ltd. ("e-Learning"), which at the time of the transaction reported, was a 74.5% owner of the Issuer.
- F2The Reporting Person's indirect ownership was reduced when e-Learning sold 3,300 of its common shares of the Issuer to unrelated parties.
- F3On 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 owner by e-Learning. e-Learning consented to the cancellation.
- F4One October 28, 2016, the Issuer authorized a 1:20 forward split of its shares of common stock.
- F5e-Learning sold 2,240,000 of its shares of common stock of the Issuer reducing the Reporting Person's indirect ownership to 14,894,000 common shares.
- F6On September 26, 2018, Force Internationale Ltd., the wholly owned parent of the Reporting Person entered into a Share Purchase Agreement with the Reporting Person's wholly owned subsidiary, e-Learning. Under this Share Purchase Agreement, e-Learning transferred its 14,894,000 shares of common stock of the Issuer to Force Internationale Ltd. As consideration for the transfer, Force Internationale Ltd. paid $26,000.00 to e-Learning.