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EDGAR FILINGS

Year 2001 / July 25

FREESTAR TECHNOLOGIES (FSTI.OB)

Item 6. Resignation of Registrant's Directors

The following directors of the Company have resigned effective on June 28, 2001:

Charles Cortland "Cort" Hooper James L. Flippen Arthur F. Wigand

Additionally, on the same date, the above referenced persons resigned as officers of the corporation.

Initially, Dennis H. Johnston was appointed as sole director on June 28, 2001 and thereafter acting in the capacity as sole director and Interim Chief Executive Officer, entered into a Binding Letter of Intent to purchase the assets of ePaylatina, S.A., following the execution of which, Mr. Johnston appointed the following additional directors to act as duly appointed directors of the corporation until the next annual meeting of shareholders:

Paul Egan
Ciaran Egan

The following is the name, ages and biographical information on the newly appointed Directors and officers of the corporation:

Dennis H. Johnston,
Age 48, Interim Chief Executive Officer, Secretary & Director

Mr. Johnston is an attorney licensed to practice in the State of California and has been acting for the last 20 years as an attorney specializing in the representation of corporations and financial institutions. He has assisted in organizing and financing numerous private and publicly traded companies and has handled mergers and acquisitions with a total value of in excess of $3 billion. Mr. Johnston received degrees in business and economics from the University of California at Los Angeles and a law degree from Loyola University in Los Angeles where he was the editor of the law review. He is a former partner of the law firm of Manatt, Phelps, Rothenberg & Tunney and was also with Wyman, Bautzer, Kuchel and Silbert at one time.

Paul Egan,
Age 38, Chief Executive Officer, Director and Chairman of The Board of Directors

Mr. Egan is currently the President and Chief Executive Officer of ePayLatina S.A., a company which has developed it own secure electronic payment device. Mr. Egan was born in Dublin, Ireland in 1963, is a graduate from Terenure College Dublin in 1981, studied Construction Management in Birmingham, England, worked for Trafalgar House Construction Division, on Major Projects in London EC2 Banking Districts. In 1992, he was recruited by the South African Firm ENGEN to oversee the New Project Division after their acquisition of Mobil Oil South Africa and to implement the new company's construction projects and corporate identity. In 1997, Mr. Egan moved to Santo Domingo in the Dominican Republic where he became Vice-President of Inter-Leisure, S. A. In 2000 he founded ePayLatina.

Ciaran Egan,
Age 37, Chief Financial Officer and Director

Mr. Egan is Chief Financial Officer of ePayLatina S.A., is the brother of Paul Egan, also born in Dublin, Ireland in 1964. He graduated from Terenure College Dublin in 1982 from the College of Commerce Rathmines Dublin from 1982 to 1986, took up a position as sales manager of Sellrange Ltd (Ireland) in 1986, was promoted to National Sales Director in 1988 increasing sales from $8 million to $15 million pounds sterling and became managing director in 1990. He was recruited by Medipro International Recruitment based in Johannesburg, South Africa in 1994 as Managing Director, with the central focus on establishing new markets in the Middle East, United Kingdom and Ireland. He was successful in obtaining and completing contracts with the Ministry of Defense and Aviation in Saudi Arabia and the United Arab Emirates. He was also responsible for successfully implementing contracts with the National Health Services in the United Kingdom and several private institutions in Ireland. He relocated to the Dominican Republic in 2000 to become Senior Vice President of ePayLatina S.A