5 November 2015 ASX RELEASE

BINDING HEADS OF AGREEMENT TO ACQUIRE SOFTWARE & TECHNOLOGY DEVELOPMENT COMPANY GLOBAL AGENDA TECHNOLOGIES

HIGHLIGHTS

 Marion Energy Limited (MAE) to acquire 100% of Global Agenda Technologies Pty Ltd (Agenda), a software as a service (SaaS), sales conversion and social networking technology platform.

 MAE to seek to re-comply on the ASX as a technology company and to be renamed Cre8tek Limited.

 Agenda to be the first acquisition within the Cre8tek intellectual property portfolio of technology solutions; focussing on consumer & industry interaction, software application development, mobile & online operated sales conversions, mobile social networking services & data collation.

 Agenda's software platform intends to provide global service industries a streamlined, integrated scheduling & marketing solution, aiding in sales conversions and targeted messaging.

 Developing a unique Business-to-consumer (B2C) platform with Peer-to-Peer (P2P) community engagement, data collection & profiling, mobile & online sales processing & geo-targeting.

 Initially, Cre8tek to enter the expanding Australian personal care services industry that has grown to a total market revenue of $4bn1 and which continues to experience steady growth due to increased consumer interaction within the market. Future plans include entering international markets.

 Experienced Board of Directors - comprising of Mr Faldi Ismail, Mr Bryn Hardcastle and Mr Tom Bahen upon completion of the Agenda Acquisition Agreement being executed.

1 Source: Ibis World, Market Research Report July 2015.

The Board of Marion Energy Limited (ASX:MAE) is pleased to announce that it has executed a binding heads of agreement with a mobile & online application services company Global Agenda Technologies Pty Ltd (Agenda) to acquire 100% of the issued capital of Agenda (Acquisition). Agenda aims to offer and deliver unique SaaS technologies, mobile/online transactional services and social network integration to global consumer services industries that encourages sales conversions between businesses and consumers.

MAE (to be renamed Cre8tek Limited, subject to shareholder approval) has agreed to a transformational acquisition to obtain a 100% interest in Agenda.

Agenda is an Australian private company which holds intellectual property assets pertaining to business-to-consumer sales, automated booking services and peer-to-peer communication application known as the Agenda Platform.

The intended launch of the Agenda Platform shall combine an all in one solution, including data collection, client management, offer generation and scheduling systems. Further intuitive features under consideration include the social network integration of mobile based communities, location services targeting, consumer ratings and feedback, mobile transactions, mobile text confirmations and many more.

The Agenda Platform aims to take advantage of multiple revenue streams via transaction fees, advertising, in-application purchases and software sales. The Agenda Platform is under development and is the core focus moving forward.

Agenda has a strong management team with specialised expertise and a track record in marketing, technology and business development.

ABOUT

Agenda intends to bridge the gap between service providers and clientele with the Agenda Platform. The platform is currently being developed as an innovative smartphone App and web-based software, which links businesses and consumers based on consumer profiling, social networking and location services, and converts these connections into real- time sales and profits.

A system that provides secure and credible information on demand, the Agenda Platform has removed the convoluted research and marketing processes and linked consumers and businesses in a revolutionary, simplified manner of scheduling appointments across a range of industries.

Applicable to any service based business, Agenda has utilised the power of social media to enhance sales by adopting a new method of communication with the continuously changing savvy consumer.

Like a conversation with friends, Agenda developed a user-friendly application which gives the power back to the consumer whilst maintaining a colloquial dialogue between provider and client, allowing businesses to respond instantly to the wants and ultimately, providing a more transparent landscape for industry to understand their markets.

KEY ACQUISITION TERMS

In consideration for 100% of issued capital of Agenda, MAE will issue to Agenda shareholders:

 2,500,000 fully paid ordinary shares in MAE (MAE Shares) at a deemed issue price of

$0.02 each (Initial Consideration Shares). All consideration securities will be subject to ASX escrow provisions;

 25,000,000 deferred consideration shares (Deferred Consideration Shares) (at a deemed issue price of $0.02 per MAE Share) upon Agenda achieving 500,000 active registered users on the Agenda Platform within 24 months of listing on the ASX (Milestone)

Settlement of the Acquisition is conditional upon the satisfaction (or waiver) of the following conditions precedent:

 Shareholder approval for the change of its business from an oil and gas company to a software & technology company;