COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2011

The Company did not have any significant capital commitment as of December 31, 2011 and 2010.

From time to time, the Company leases office spaces in Shanghai and Hangzhou in China to conduct its normal business activities, such as business administration, recruiting students, holding the business conferences and providing professional training courses or featured lectures to students. The Company also has several rental arrangements which provide residential units to house key employees. These lease agreements will expire before April 30, 2014.

Rent expenses for the above rental arrangements total $899,335 and $746,032 for 2011 and 2010, respectively.

The minimum obligations under such commitments (unless otherwise stated) for the years ending December 31 until their expiration are summarized below:

Year	Amount
2012	$	882,943
2013		658,448
2014		211,276
Total	$	1,752,667

The Company did not record any contingencies as of December 31, 2011 and 2010.

- Definition

Disclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies.

+ References

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+ Details

China Executive Education Corp 10-K