July 8, 2008

My fellow Member-Partners.

I am pleased to report that on Saturday June 28th - in a live radio interview on CFAX 1070's "Talk To The Experts" hosted by Terry Moore - Adam and I publicly announced that League has surpassed it's 1,000th Member-Partner!

(A recording of the interview can be played at this link: www.league.ca/download/Talk_To_The_Experts_2008.mp3. An interview on the same program in 2006 can be heard at: www.league.ca/download/Talk_To_The_Experts_2006.mp3)

When Adam and I first became business partners, we set out to create the most secure and profitable investments we possibly could for ourselves, our families, and our closest friends. We were so successful that we thought: "If we could make more friends, we could multiply everyone's success!" So we set about doing just that.

As of today, 1,030 of us have banded together in League - not just as an investment vehicle, but in a common vision for our families: Intergenerational Wealth. It is indeed a pleasure to have your family joined with ours in partnership. As the 12th tenet of Our Credo states:

We believe that member-partnership and friendship with our investors brings incalculable rewards to all our investments. By inviting new friends to become our member-partners, and in turn partnering with them by reinvesting our earned capital alongside theirs, our interests are always in alignment. United by this philosophy of positive inter-dependence, we will reach ever-greater goals, confident that we share the same concerns, interests and aspirations.

In just a few short years, we've certainly reached some great goals and accomplished so much. Together, our Member-Partners have:

• made 2,215 subscriptions, for a total of $125,825,832.41 in equity;
• purchased $280 million in real estate;
• created approximately $22 million in increased gross real estate value, for a total average property value increase of 16.8% (not including CityZen LP).

What's more, thanks to the private nature of our structure, we've accomplished all this while avoiding the volatility of the stock market. (And in recent days, thank heavens!)

In reviewing our accomplishments, I uncovered some other impressive facts and figures about the collective that accomplished them.

First, the figures:

• 11 = the number of provinces -- and one territory -- in which our Member-Partners reside;
• 2.15 = the average number of investments per family;
• $104,000 = the average total subscription amount per family.
  

Perhaps the most impressive figure of all, though, is zero. For zero is the number of times:

• we've missed a distribution payment;
• we've decreased the amount distributed per unit ;
• the unit price has decreased;
• any Member-Partner has lost money investing with League.

From students to teachers, artists, musicians, and writers, from farmers to firefighters - and yes, even financial advisors from competing institutions - all have joined with you and us to invest in League.

Moreover, you represent such a wide and varied cross-section of Canadian society! It spans gender, age, net-worth, occupation, stage in life, family status, country of origin, mother tongue, and yes, even religious and philosophical belief.

Here is just a sample of our Member-Partners' vocations:

• accountants, actuaries, and anesthetists;
• bankers, brokers, and builders;
• carpenters, chiropractors, consultants;
• doctors, dentists, and (other kinds of) drill operators;
• economists, engineers, and entrepreneurs;
• lab technicians, lawyers, and locksmiths;
• mechanics, millwrights, missionaries, and ministers;
• oilfield workers, office managers, and optometrists;
• paralegals, paramedics, pilots and police officers;
• and many many more.

What has pleased us most, however, is the increasing number of referrals we receive each week. This, by far, is what gives us the greatest satisfaction; it is the highest compliment we could ever hope to receive. My partner Adam Gant and I, along with the entire League team, deeply appreciate the confidence you have shown by referring your friends and family members to League. Thank you.

Keep an eye on your mail-box. I'm preparing several exciting announcements for the coming weeks.

If there is anything else you need, just ask. We're here to help.

Regards,

Emanuel.

Emanuel F. Arruda
Chairman & Co-Founder
League Assets Corp.

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A friendship built on business is better than a business built on friendship.
- Henry Ford -
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