IGW REIT Offering Memorandum Progress Update #3

Friday, August 29, 2008

Dear IGW REIT Member-Partners,

I'm writing today to provide an update for you in respect of the progress being made toward filing the updated Offering Memorandum (OM) and having the Cease Trade lifted, which will allow us to resume trading in IGW REIT Units.

To recap, on August 8, 2008, Adam Gant and I, along with League's VP Finance met with representatives of the British Columbia Securities Commission and presented them with an updated draft of the Offering Memorandum.

We subsequently received further correspondence from the commission, including their initial comments on the draft Offering Memorandum. We have now responded to the commission and are currently awaiting further comments or questions, if any are deemed necessary.

Let me emphasize again, this has no effect on the operation of the REIT investment. It simply temporarily interrupts the issuance and trading of units in the IGW REIT.

Please be assured that we are working expeditiously together with the commission with the intent to resolve this matter as soon as possible.

I will, of course, update you immediately as further benchmarks, if any, are met in course of this process.

In the meantime, I have several exciting announcements to share with you. I am sending the first of them in a separate e-mail in a matter of moments.

Keep an eye on your inbox!

Warmly and sincerely,

Emanuel.

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

P.S. I'm putting together a short video of recordings I made while Adam, Jason, Brad and I were on our "Hero Holiday" volun-tourism stay in the Dominican Republic, and the progress made by the Absolute Leadership staff & volunteers in their various projects in that area. the world.

I will also be reporting some investment research Adam conducted while there, and about his private meeting with the head of the central bank of the Dominican Republic

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"Speed is irrelevant if you are going in the wrong direction."
- M. Gandhi -
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League Assets Corp
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League: The World's Intergenerational Wealth™ Institution

League's IGW REIT is one of North America's fastest growing private Real Estate Investment Trust (REIT) consisting of Canadian commercial and retail properties with combined values approaching $300 million.

The trust exists to find, acquire, improve, and manage the most profitable real estate properties across the nation, and to offer these opportunities to other like-minded investors - referred to by League as its Member-Partners. Combined with its other investment pools, League is currently managing and developing approximately $2-Billion in real estate assets.

To date, League has partnered with the families of its more than 1,200 Members - primarily through shared ownership of its high-yield real estate based investments.

It is League's aim to empower the families of its Member-Partners through the provision of Intergenerational Wealth™ so that they can improve the quality of their own lives and ultimately be able to contribute to improvement in the quality of the lives of others.

For more information, read The Blue Book of Real Estate Syndication