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Forte Energy NL (FTE)


Thursday 17 December, 2015

Forte Energy NL

Transaction Funding Agreement

                                                                                           Forte Energy NL
                                                                                           ACN 009 087 852

                                                                                               AIM Release
                                                                                          17 December 2015

Transaction Funding Agreement

Forte  Energy  NL ("Forte" or "the Company") (AIM: FTE), is pleased to advise that it has  entered  into  a
transaction  funding  agreement  with DJ Family Trust ("DJFT") as a first  step  towards  reaching  an  in-
principal agreement to enter into a corporate transaction in the financial technology sector.

Under  the  agreement, the Company will receive A$200,000 via a Convertible Note. The  key  terms  for  the
Convertible Note are as follows:

    *       Principal amount: AS$200,000;
    *       Maturity date: 2 years from date of issue; and
    *       Conversion price: the lender may elect to convert all or part of the loan at 90% of an average
            weighted market price calculated from selected trading days during the 15 trading days prior to

The  Company has also entered into a Conditional Option Agreement with DJFT over its 51% controlling  stake
in  BOS GLOBAL Limited ("BGL"). DJFT is the private investment vehicle of Michael Travia, founder and Group
Chief  Executive  of  BGL. The funds from the Convertible Note will be used to support the  Company  whilst
negotiations  are  finalised  and approvals sought for a potential reverse  takeover  by  BGL,  subject  to
Shareholder approval of both companies.

The  terms  of the proposed transaction will be announced once final agreement has been attained  with  the
ultimate  aim  to  acquire  all of the issued capital of BGL. After completing the  agreement,  shareholder
approval would be sought under the reverse take over ("RTO") provisions of the AIM Rules. It is anticipated
the  proposed RTO complete by April 2016 and will be subject to shareholder approval. It is envisaged  that
the Convertible Note will be repaid from capital raised at the time of the RTO.

BGL  is  an  unlisted Australian public company focused on the aggregation of cloud technology  investments
targeting  banks,  financial  institutions, insurers and professional  consulting  organisations.  BGL  has
extensive  FinTech  experience with its established network of professional investment,  enterprise  sales,
product  marketing,  product  design,  software development and support  capabilities  worldwide.  BGL  has
publicly  stated  its  objective to be a listed organisation in UK, Australia and United  States  over  the
coming  five years. This transaction is the first step to achieving its stated goals for shareholders.  For
further corporate information about BGL visit .

The Company looks forward in the near term to advising shareholders of any developments, including the
final terms of the proposed transaction.

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                          Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)

Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: [email protected]

Forte Energy NL

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