2007 Stock Incentive Plan

On April 15, 2008, the Board of Directors of FreeStar Technology Corporation (the "Company") adopted an amendment to the Company's 2007 Stock Incentive Plan (the "Stock Incentive Plan") and the 2007 Directors and Consultants Stock Plan (the "Directors and Consultants Stock Plan"). The amendments increased the number of shares available under (i) the Stock Incentive Plan by an additional 35,000,000 shares of Common Stock for a total of 70,000,000 shares authorized thereunder and (ii) the Directors and Consultants Stock Plan by an additional 35,000,000 shares of Common Stock for a total of 70,000,000 shares authorized thereunder.

A more extensive discussion of the terms of the Stock Incentive Plan and the Directors and Consultants Stock Plan (collectively, the "Plans") is set forth in the Company's Form 8-K filed with the Securities and Exchange Commission on February 1, 2007. The summary of the Plans is qualified in its entirety by reference to the complete terms of the amended Plans, which are attached to this Form 8-K as Exhibit 10.1 and a Exhibit 10.2.