SEC Form 4
Washington, D.C. 20549


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Force International Holdings Ltd

(Last) (First) (Middle)
1-23-38-6F, ESAKACHO

OSAKA M0 00000

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Exceed World, Inc. [ EXDW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 04/01/2016 S 140,000 D $0.002 19,860,000 I See Footnote 1(1)
Common Shares 08/09/2016 S 3,300 D $0.1 19,856,700 I See Footnote 2(2)
Common Shares 10/28/2016 J 19,000,000 D (3) 856,700 I See Footnote 3
Common Shares 10/28/2016 J 16,657,300 A (4) 17,134,000 I See Footnote 4
Common Shares 07/07/2017 S 2,240,000 D $0.017 14,894,000 I See Footnote 5(5)
Common Shares 09/26/2018 S 14,894,000 D $0.0017 0 I See Footnote 6(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Force 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.
2. The Reporting Person's indirect ownership was reduced when e-Learning sold 3,300 of its common shares of the Issuer to unrelated parties.
3. On 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.
4. One October 28, 2016, the Issuer authorized a 1:20 forward split of its shares of common stock.
5. e-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.
6. On 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.
Tomoo Yoshida 10/05/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.