Greenline Partners LLC

Item 5: Fees and Compensation.

 For both consulting and asset management relationships, fees are negotiable, and individual arrangements are based
 on Client specific factors, including, but not limited to, assets under management and the risk/return parameters of the
 investment. The risk/return parameters imposed by the Client might affect our decision when negotiating a fee with a
 Client. A higher risk parameter imposed by a Client would theoretically have a higher probability of volatility, (both
 increases and decreases,) therefore increasing the possibility of gains or losses. Typical fees are up to 0.9% per annum
 of managed assets, payable quarterly in arrears. Typical fees for Investment and Consulting Clients vary depending on
 the nature and scope of services provided.

 Additional Fees and Expenses

 Greenline manages all investments through separate Client accounts. In addition to the fees stated above, there are
 additional fees born by Clients, such as fees charged by investment vehicles used in the management of Client
 accounts including but not limited to pooled investment vehicles, custodian costs, transaction expenses (including
 brokerage fees), and legal expenses. Clients may be charged additional fees by their service providers, such as a wire
 transfer fee from a bank.

 Pooled investment vehicles: Including but not limited to mutual funds and ETF’s. All fees paid to Greenline for
 investment advisory services are separate and distinct from the fees and expenses charged by mutual funds and/or ETFs
 to their shareholders, which are described in each fund's prospectus. Those fees will generally include a management
 fee, other fund expenses, and a possible distribution fee. A Client could invest in a mutual fund or ETF directly, without
 our services. In that case, the Client would not receive the services provided by Greenline which are designed to assist
 the Client in determining which funds are most appropriate to each Client's financial condition and objectives. Clients
 should review both the fees charged by the funds and our fees to fully understand the total amount of fees to be paid
 by the Client and to thereby evaluate the advisory services being provided.

Form ADV Part 2A                                                                                                      3

GREENLINE PARTNERS, LLC

 Termination Fees: Greenline charges no termination fee. An advisory relationship with Greenline can be terminated (as
 documented in the written agreement between Greenline and the Client) upon written notice delivered by one party to
 the other. Fees due and payable through the date of termination are earned by Greenline, and will be payable to Greenline
 in the form that the Client normally pays its fees to Greenline at the time of termination of the relationship.

 Greenline’s fees are paid in accordance with the terms of the Client’s signed agreement with Greenline. In most cases,
 for its asset management Clients, Greenline receives its fees directly from the account’s custodian. Generally,
 Greenline’s fees are assessed and paid quarterly a n d billed in arrears.

 Greenline does not act in any capacity as a broker‐dealer, and accordingly, Greenline does not receive any
 compensation for acting as a broker‐dealer. In addition, neither Greenline nor any of its supervised persons accepts
 compensation for the sale of securities or other investment products, including asset‐based sales charges or service fees
 from the sale of pooled investment vehicles.

 Broker-dealers charge brokerage commissions and/or transaction fees for effecting certain securities transactions (i.e.
 commissions are charged for individual equity and fixed income securities transactions). In addition to Greenline’s
 investment management fee, brokerage commissions and/or transaction fees, Clients will also incur, relative to all
 pooled investment vehicle purchases, charges imposed at the fund level (e.g. management fees and other fund
 expenses).

 For more information see Item 12.

Item 6: Side-By-Side Management.

 Greenline undertakes to act in a fair and equitable manner and to resolve and mitigate conflicts or potential
 conflicts in a timely manner. Because Greenline has the responsibility for managing more than one account,
 sometimes with different fee structures, (e.g., side‐by‐side management), potential conflicts of interest can arise,
 including but not limited to the potential for providing preferential treatment to one account over others in terms of
 allocation of management time, resources, and investment opportunities.

 To mitigate this risk, Greenline’s investment committee determines target holdings and weightings for each investment
 strategy. Greenline has policies and procedures in place so that investment strategies are systematically applied at an
 account level to minimize any potential for bias. Greenline has also put in place policies and procedures to address
 trade allocation decisions and block trading. These policies and procedures (discussed more fully in Item 12) seek to
 ensure fair allocation of investment opportunities among all Clients. Greenline’s principals periodically examine
 accounts managed according to similar risk and return parameters to ensure that any material divergence in portfolio
 holdings is adequately understood.

Item 7: Types of Clients.

 Greenline provides services that are available to the following types of Clients and potential Clients:

     •    Individuals, including high net worth individuals,
     •    trusts and estates,
     •    institutions, including charitable foundations, endowments, pensions, and family offices,
     •    profit sharing plans,
     •    other investment advisers,
     •    corporations or other business entities not listed above.

 Greenline’s investment minimums vary according to scope of the overall Client relationship. Generally, Greenline’s
 managed account minimum is $5 million. Minimum account size may be waived for certain investors at Greenline’s
 discretion.

Form ADV Part 2A                                                                                                      4

GREENLINE PARTNERS, LLC