UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 15, 2008
(Date of earliest event reported)
FREESTAR TECHNOLOGY CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Nevada | 0-28749 | 88-0446457 |
| (State of Other Jurisdiction Incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
31 Mespil Road, Ballsbridge, Dublin 4, Ireland
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number: 353 1 6185060
________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CAR 230.425) |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CAR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CAR 240.14d-2(b)) |
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| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CAR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
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.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description of Exhibit
10.1 2007 Stock Incentive Plan, as amended
10.2 2007 Directors and Consultants Stock Plan, as amended
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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| | FREESTAR TECHNOLOGY CORPORATION |
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| Date: April 17, 2008 | By: | /s/ Paul Egan |
| | Paul Egan Chief Executive Officer |
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