LEADING EDGE INTERNATIONAL AVIATION ACADEMY, INC.
TUITION FEE PACKAGE FOR LOCAL STUDENTS
                                                    Effective 15-November-2015
                             PPL, CPL, IR and FI COURSE PACKAGE COMPONENTS & COSTS
                                                                  PPL                               IR                                 CPL
        COMPONENTS                 RATE/HOUR
                                                      HRS                PHP            HRS                 PHP            HRS               PHP
GROUND ACADEMICS                          400.00      48.0               19,200.00      42.0               16,800.00       49.0             19,600.00
COMPUTER BASED TRAINING                   370.00      36.5               13,505.00      30.0               11,100.00       35.0             12,950.00
SIMULATOR                               3,000.00      5.0                15,000.00      25.0               75,000.00       0.0                    -
FLYING TIME (Cessna 172)                9,300.00      45.0              418,500.00      20.0              186,000.00       95.0            883,500.00
                                 TRAINING COST      PHP                 466,205.00    PHP                 288,900.00     PHP               916,050.00
                                 *KITS                                   17,590.00                         17,590.00                        17,590.00
                                 TOTAL COSTS        PHP                 483,795.00    PHP                 306,490.00     PHP               933,640.00
                                                       TOTAL (PPL-CPL-IR)                            FI                   TOTAL (PPL-CPL-IR-FI)
        COMPONENTS                 RATE/HOUR
                                                      HRS          PHP                  HRS                 PHP            HRS         PHP
GROUND ACADEMICS                          400.00     139.0        55,600.00             39.0               15,600.00      178.0       71,200.00
COMPUTER BASED TRAINING                   370.00     101.5        37,555.00             13.0                4,810.00      114.5       42,365.00
SIMULATOR                               3,000.00      30.0        90,000.00             10.0               30,000.00       40.0      120,000.00
FLYING TIME (Cessna 172)                9,300.00     160.0     1,488,000.00             45.0              418,500.00      205.0    1,906,500.00
                                 TRAINING COST      PHP        1,671,155.00           PHP                 468,910.00     PHP       2,140,065.00
                                  *KITS             PHP           52,770.00                                17,590.00     PHP          70,360.00
                                 TOTAL COSTS        PHP        1,723,925.00           PHP                 486,500.00     PHP       2,210,425.00
ACCOUNT DETAILS:                                                                     NOTE:
PHILIPPINE NATIONAL BANK (PNB)                                                       *All hourly requirements for Ground Academics, Computer Based
Branch: Villamor Air Base, Pasay City, Philippines                                   Training, Simulator and Flying Time were computed on the basis of
                                                                                     experienced and perceived average skills & understanding of
Account Name: Leading Edge International Aviation Academy, Inc.                      students. Students who do not satisfy the LEIAAI standards shall be
Account No.: 1187-5590-0027 (Peso Account)                                           required to attend/ fly additional hours at their expense.
                                                                                     *CAAP requires a minimum of 200 hours prior to review and
                                                                                     checkride for FI.