ANNOUNCING LEAGUE'S NEW IGW MORTGAGE INVESTMENT CORPORATION

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Click here to preview the IGW Mortgage Investment Corporation




Wednesday, January 20, 2010

Dear Member-Partners and Friends,

We at League are proud to introduce yet another way to diversify your capital in a syndicated real estate investment founded on the principle of Positive Interdependence and operated according to Our Credo: it is the IGW Mortgage Investment Corporation (IGW MIC).

Investment Attributes¹
The IGW MIC is different than the IGW REIT in that the IGW REIT invests in a pool of properties while the IGW MIC invests in a pool of mortgages. As is the case with many MIC investments, Member-Partners investing in the IGW MIC will receive a steady income stream, derived from mortgage and fee payments (see the Investment Overview for more information), but League has designed the IGW MIC to deliver greater investment choice...

Three Investment Choices!
To allow Member-Partners to select the risk/reward profile that best suits them, the IGW MIC offers three distinct classes of shares:

• Series 1 offers a cumulative, fixed annual dividend of 7.50% (paid monthly);
• Series 2 offers a cumulative, fixed annual dividend of 11.0% (paid monthly); and
  
• Series 3 offers a cumulative, fixed annual dividend of 13.5% (paid semi-annually).

Regular Dividends!
All of IGW MIC's net income and net realized capital gains will be paid as dividends² to investors according to their proportionate interest in one of three series of shares (representing three risk profiles) at ascending tiers of interest as noted below.

Dividend Targets³
We have set cumulative, fixed annual dividends equal to the return targets set out below on the three series of preferred shares of IGW MIC. For $100,000 invested in the three different IGW MIC tiers over five years, assuming we generate sufficient income to pay the fixed dividend



Our Commitment
As always, our approach to this investment is in keeping with the ninth tenet of Our Credo, where we affirm:

In short, the IGW MIC offers League Member-Partners a new twist on an old investment vehicle: choice! (Actually, three of them, to be precise.)

To learn more about the possibilities offered by the IGW Mortgage Investment Corporation, start by downloading the Investment Overview here.

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

Warmest regards,

This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Only persons who satisfy an exemption from the prospectus and registration requirements may invest in this project. In general this means that you must either be an accredited investor or invest a minimum of $150,000. Investors outside Ontario and Quebec will be able to invest pursuant to the Offering Memorandum exemption once the OM is finalized.

There are risks associated with this investment, some of which are set out in the subscription agreement and will be set out in the Offering Memorandum. You are encouraged to read such document, as well as the limited partnership agreement, before making your investment decision.

NOTES:

1. League sets no minimum investment requirement. However, Ontario and Quebec investors are subject to different securities regulations. Residents of those provinces who are not accredited investors must invest a minimum of $150,000. Accredited investor qualifications can be found at: www.league.ca/pdf/aichecklist.pdf.
2. No dividend will be declared for at least two months following the advance of the first mortgage loan by IGW MIC. No dividend will be declared if it would cause the net assets of IGW MIC to be less than its paid up capital. Fixed dividends on Series 1 preferred shares are paid in priority to those of Series 2, and likewise fixed dividends on Series 2 preferred shares are paid in priority to the fixed dividends in respect of Series 3 preferred shares. A discussion of the redemption and retraction features, dividend policy and priority on liquidation will be laid out in the forthcoming Offering Memorandum.
3. The ability of the IGW MIC to generate sufficient net income and net realized capital gains to pay dividends is dependent on such factors as: the identification of suitable mortgage loan candidates; a resumption in growth of the Canadian economy and property prices in particular; the absence of any material defaults on mortgage loans, the loss on which cannot be recouped by foreclosure and/or suing the debtor; maintaining a good relationship with Canadian Mortgage Designers Inc. or another suitable investment servicer; and securing a line of credit at a reasonable rate of interest. The potential returns are subject to all the risks inherent in mortgage investment, which will be described in the forthcoming Offering Memorandum under the heading "Risk Factors". Actual results or outcomes may be materially different than projected and may result in a loss of invested capital.
4. Includes original investment of $100,000.