Try this

Download the launcher from http://fgunz.net/FGDownload/ [Bottom One]

Run the launcher you just downloaded.

When it is done patching, 5 things will be there. [fmod.dll, patchlog, [x]Freestyle.dll and System.xFC]

Copy and paste these 5 things into your F-Gunz folder [ C: > Program Files > Freestyle GunZ] If it asks to replace, click yes.

Start Gunz, it should be fine now.