fication Note relating tothe CNEA LoA Policy ‘SGRA expenses covered under section 7.1 ofthe CNEA Loves of Authority Policy (hereinafter referred to 4 "LoA Policy’ relates to party related SGBA expenses such as Statutory alt fes, Legal fees of 3* Parties ete, ‘expenses, home office expenses reimbursed to Afliates (such as accounting, finance, administration, Ir systems, NRF, Inga finetonincam.ty,intornal aud), NRE expences reimbursed to CN (or board meetings, Director & Office Insurance, Team Bulidng, Employee Mora, Community Investment). These expenses are approved by the Board annually atthe tne of annual nancial budget exercise and ‘quarterly at the tine of presentation of financials to the Board. The invoices relating to these expenses are approved in accordance with mits specified under Section 6.2 and 6. respectively af the CNEA LOA. For dant, It does oot cover the Keys & Essentials Non eimbursabe expenses (NRE), Rolls Royce NRE Poley ‘Approved by: ny {Andrew Panunto) Treasurer pete: YAA- OF (Y