American Learning Corp fka ALRN

[BlockTrade]

American Learning Corporation (the "Company"), entered into a non-exclusive requirements
agreement (the "Agreement") with the New York City Department of Education (the "NYCDOE") to provide preschool special education services and/or programs for New York City resident preschool students with disabilities. The term of the Agreement is from July 1, 2012 through June 30, 2017 and has an estimated value of $950,000 per year during the term of the Agreement. In addition to specific causes for termination as set forth in the Agreement, the NYCDOE may elect to terminate the Agreement at the end of any year during the term of the Agreement.

The foregoing description of the Agreement is qualified in its entirety by reference to the provisions of the Agreement attached to this report as Exhibit 10.26.

Item 1.01 Entry into a Material Definitive Agreement.
Effective July 1, 2012,