Document:

EXHIBIT 10.7(r) 

DESCRIPTION OF 2008 SALARIES FOR 

THE 2007 NAMED EXECUTIVE OFFICERS 

Annualized salary rates for 2008 for the executive officers of the Corporation who are named in the executive compensation disclosures of the Corporation’s 2008 proxy statement in relation to fiscal year 2007
(“2007 Named Executive Officers”) are: 

	
Gerald L. Baker		 		
      $827,000 

	
D. Bryan Jordan		 		
      $672,000 

	
Charles G. Burkett		 		
      $728,000 

	
Mark A. Medford		 		
      $642,000 

	
Sarah L. Meyerrose		 		
      $485,000 

Salary rates were approved by the Compensation Committee of the Board of Directors at its meeting on February 25, 2008, effective in late April 2008. Executive salaries generally were increased approximately 3.4% over 2007,
in line with the average increase for other employees for 2008. Salary rates continue in effect until they are changed, and are not retroactive to the beginning of the year.

Mr. Marlin L. Mosby, III is paid a salary and receives a draw against variable compensation. At February 25, 2008 his annualized salary rate is $353,000 and his annualized non-refundable draw is $147,000. 

Of the three other 2007 Named Executive Officers: (a) J. Kenneth Glass retired in 2007 and will receive no salary for 2008 from the Corporation; (b) Elbert L. Thomas, Jr. is expected to fully retire as an employee on
February 29, 2008 and his annualized salary rate until retirement is $440,000; and (c) John P. O’Connor is expected to fully retire as an employee during 2008 and his annualized salary rate until retirement is $375,000.Amendment No. 2

            to
            the Senior Secured Convertible Promissory Note

            
            original due date February 13, 2008

            
             

            
            This Amendment No. 2 (“Amendment”) is hereby made between
            FinancialContent Services, Inc. (“Maker”), and Jade Special Strategy, LLC
            (“Holder”) (hereinafter Maker and Holder each a “Party” and
            collectively “Parties”).

            
             

            
            WHEREAS, FC was unable to pay the Senior Secured Convertible Promissory
            Note ( the “Note”) in full by December 31, 2007;

             

            NOW
            THEREFORE, in consideration of the mutual covenants and agreements contained herein,
            the Parties agree to modify the terms and conditions of the Note as follows:

             

            	
                        
                         

                    	
                        
                        1)

                    	
                        
                        Maker agrees to increase the principal of the Note by
                        $75,000;

                    

            	
                        
                         

                    	
                        
                        2)

                    	
                        
                        Maker agrees to a one-time penalty of less than $50,000 to
                        be determined no later than February 29, 2008.

                    

             

            
            IN WITNESS WHEREOF, the parties have caused
            this Amendment to be executed by their duly authorized representatives as of the date
            indicated below.

             

            	
                        
                        FinancialContent, Inc.

                    	
                        
                        Jade Special Strategy, LLC

                    

             

            	
                        
                        By:

                    	
                        
                        /s/_________________

                    	
                        
                        By:

                    	
                        
                        /s/___________________

                    

             

            	
                        
                        Name: Wing Yu

                    	
                        
                        Name: David Propis

                    

             

            	
                        
                        Title: Chief Executive Officer

                    	
                        
                        Title: Manager

                    

             

            	
                        
                        Date: December 31, 2007

                    	
                        
                        Date: December 31, 2007Amendment No. 2

            to
            the Senior Secured Convertible Promissory Note

            
            original due date March 31, 2008

            
             

            
            This Amendment No. 2 (“Amendment”) is hereby made between
            FinancialContent Services, Inc. (“Maker”), and Jade Special Strategy, LLC
            (“Holder”) (hereinafter Maker and Holder each a “Party” and
            collectively “Parties”).

            
             

            
            WHEREAS, FC was unable to pay the Senior Secured Convertible Promissory
            Note ( the “Note”) in full by December 31, 2007;

             

            NOW
            THEREFORE, in consideration of the mutual covenants and agreements contained herein,
            the Parties agree to modify the terms and conditions of the Note as follows:

             

            	
                        
                         

                    	
                        
                        1)

                    	
                        
                        Maker agrees to increase the principal of the Note by
                        $75,000;

                    

            	
                        
                         

                    	
                        
                        2)

                    	
                        
                        Maker agrees to a one-time penalty of less than $50,000 to
                        be determined no later than February 29, 2008.

                    

             

            
            IN WITNESS WHEREOF, the parties have caused
            this Amendment to be executed by their duly authorized representatives as of the date
            indicated below.

             

            	
                        
                        FinancialContent, Inc.

                    	
                        
                        Jade Special Strategy, LLC

                    

             

            	
                        
                        By:

                    	
                        
                        /s/____________________

                    	
                        
                        By:

                    	
                        
                        /s/___________________

                    

             

            	
                        
                        Name: Wing Yu

                    	
                        
                        Name: David Propis

                    

             

            	
                        
                        Title: Chief Executive Officer

                    	
                        
                        Title: Manager

                    

             

            	
                        
                        Date: December 31, 2007

                    	
                        
                        Date: December 31, 2007Amendment No. 2

            to
            the Senior Secured Convertible Promissory Note

            
            original due date June 9, 2008

            
             

            
            This Amendment No. 2 (“Amendment”) is hereby made between
            FinancialContent Services, Inc. (“Maker”), and Jade Special Strategy, LLC
            (“Holder”) (hereinafter Maker and Holder each a “Party” and
            collectively “Parties”).

            
             

            
            WHEREAS, FC was unable to pay the Senior Secured Convertible Promissory
            Note ( the “Note”) in full by December 31, 2007;

             

            NOW
            THEREFORE, in consideration of the mutual covenants and agreements contained herein,
            the Parties agree to modify the terms and conditions of the Note as follows:

             

            	
                        
                         

                    	
                        
                        1)

                    	
                        
                        Maker agrees to increase the principal of the Note by
                        $75,000;

                    

            	
                        
                         

                    	
                        
                        2)

                    	
                        
                        Maker agrees to a one-time penalty of less than $50,000 to
                        be determined no later than February 29, 2008.

                    

             

            
            IN WITNESS WHEREOF, the parties have caused
            this Amendment to be executed by their duly authorized representatives as of the date
            indicated below.

             

            	
                        
                        FinancialContent, Inc.

                    	
                        
                        Jade Special Strategy, LLC

                    

             

            	
                        
                        By:

                    	
                        
                        /s/_______________________

                    	
                        
                        By:

                    	
                        
                        /s/________________________

                    

             

            	
                        
                        Name: Wing Yu

                    	
                        
                        Name: David Propis

                    

             

            	
                        
                        Title: Chief Executive Officer

                    	
                        
                        Title: Manager

                    

             

            	
                        
                        Date: December 31, 2007

                    	
                        
                        Date: December 31, 2007

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