|                                            |                                                 |                                                                                                                                                                                                                                                                                                                                                                      |
|-------------------------------------------------|------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                            | **FREESTAR                TECHNOLOGY CORPORATION**   |
|                                       |                                            |                                                                                                                                                                                                                                                                                                                                                                 |
| Date:  February              20, 2007 | By:                                        | /s/ Paul              Egan                                                        |
|                                            | Paul                Egan                             |
|                                            | President/Chief                    Executive Officer |

|                                            |                                                 |                                                                                                                                                                                                                                                                                                                                                      |
|-------------------------------------------------|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                            | **FREESTAR                  TECHNOLOGY CORPORATION** |
|                                       |                                            |                                                                                                                                                                                                                                                                                                                                                 |
| Date:  February              20, 2007 | By:                                        | /s/ Ciaran              Egan                                                     |
|                                            | Ciaran                Egan                           |
|                                            | Chief                    Financial Officer           |