|                                    |                                   |                                                                                                                                                                                                                                                                                                                                                              |
|-----------------------------------------|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                    | FREESTAR TECHNOLOGY      CORPORATION   |
|                               |                              |                                                                                                                                                                                                                                                                                                                                                         |
| Date:  February      19, 2008 | By:                          | /s/ Paul      Egan                                                        |
|                                    | Paul      Egan                         |
|                                    | President/Chief      Executive Officer |

|                                    |                                 |                                                                                                                                                                                                                                                                                                                                              |
|-----------------------------------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                    | FREESTAR TECHNOLOGY      CORPORATION |
|                               |                            |                                                                                                                                                                                                                                                                                                                                         |
| Date:  February      19, 2008 | By:                        | /s/ Ciaran      Egan                                                     |
|                                    | Ciaran      Egan                     |
|                                    | Chief      Financial Officer         |