Document:

SETTLEMENT AGREEMENT AND
RELEASE

            

            This
Settlement and General Mutual Release Agreement (this “Agreement”) is entered
into this 29th day of
January, 2009, by and among BAETA Corp. and its President, Dr. Alexander Gak
(collectively referred to as “Company”), and Rogers Consulting Group
and Douglas Rogers (collectively referred to as “Rogers”), (Company and Rogers
sometimes collectively referred to as “the Parties”).

            

            WHEREAS, on May 15, 2008, the
Company entered into a consulting agreement (the “Consulting Agreement”) with
Rogers pursuant to which the Company retained Rogers to provide the Company CFO
services, including but not limited to assisting in the preparation and
maintenance of Company financial statements, assisting in the preparation and
maintenance of supporting sub-ledgers, assisting in the development of internal
controls over financial reporting procedures, maintenance of various records and
their retention, assisting in Company operations, working closely with Company
legal counsel, transfer agent and auditors, development and advisement of
Company capital structure, and assisting the Company in its efforts towards
becoming a ’34 Act reporting company and having its capital stock publicly
traded. The original term of the Consulting Agreement was four (4) months. On
August 18, 2008, the Parties executed an Amendment and Extension Agreement
(“Amendment I”) to the Consulting Agreement which extended the term of the
Consulting Agreement for an additional four months. On October 28, 2008 the
Parties executed an additional amendment to the Consulting Agreement (“Amendment
II”) where, in addition to the responsibilities of Rogers as set forth in the
Consulting Agreement and Amendment I, Rogers was, for additional compensation as
set forth more fully in Amendment II, to identify and procure financing for the
Company, indentify and procure a market maker for the Form 211 application with
FINRA, identify and procure a transfer agent, and identify and contract a public
relations firm to market the company’s products and services.

            

            WHEREAS, the consideration for
the foregoing services as described in Consulting Agreement, Amendment I, and
Amendment II took the form of cash compensation as well as the Company’s
outstanding common stock, and as of the date of this Agreement, the Parties
mutually agree that all consideration due Rogers for the above-mentioned
services in accordance with Consulting Agreement, Amendment I and Amendment II,
have been paid in full, the receipt of which is fully acknowledged by
Rogers.

            

            WHEREAS, a dispute arose
between the Company and Rogers, and the Parties now wish terminate the
Consulting Agreement and amendments thereto, and to avoid the cost and
inconvenience of litigation, and to amicably resolve their differences by
execution of this Agreement.

            

            WHEREAS, due to the
relationship that has formed by and between Company and Rogers, Company requires
that Rogers temporarily continue to perform certain tasks to completion, as
specified in this Agreement, and Company acknowledges that Rogers’ completion of
such tasks shall create a fee owed to Rogers in the amount of $5,000 (the
“Fees”).

            

            WHEREAS, in connection with
the termination of the Consulting Agreement and all amendments thereto,
including Amendment I and Amendment II, the Company agrees to pay Rogers the
Fee, under the circumstances and in the manner specified in this
Agreement.

            

            NOW, THEREFORE, in
consideration of the ­representations, warranties and covenants contained
herein, the sufficiency of which is hereby acknowledge, and with full intent to
be legally bound hereby, the parties hereby agree and covenant as
follows:

             

            1.           DUE
AUTHORITY

            

            (a)           The
Company represents and warrants that it is duly authorized to execute and
deliver this Agreement and to perform its obligations hereunder and that its
performance of its obligations hereunder does not conflict with any other
Agreement to which the Company is legally bound.

            

            (b)           Rogers
represents and warrants that he is duly authorized to execute and deliver this
Agreement and to perform the obligations hereunder and that his performance of
his obligations hereunder does not conflict with any other Agreement to which he
is legally bound.

             

            
              
                 

              

              
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            2.           CONSULTING
AGREEMENT.  That the Consulting Agreement, dated May 15, 2008,
as amended on August 18, 2008, October 28, 2008, and any other time not herein
mentioned, between the Company and Rogers is hereby terminated. Rogers hereby
acknowledges and confirms that he has been fully paid for services rendered by
Rogers to the Company under the Consulting Agreement, as amended, and that there
are no further payments due or payable to Rogers. Company hereby acknowledges
and confirms that no services under the aforementioned agreements remain due to
Company, and that Rogers has performed the agreements to completion and in
compliance with terms of said agreements.

            

            3.           DISPOSITION OF ROGERS’ STOCK
PURSUANT TO CONSULTING AGREEMENT.  Pursuant to the Consulting
Agreement, as amended, for services already rendered by Rogers to Company, it is
hereby acknowledged that Rogers has received exactly 304,000 shares of common
stock, par value $0.0001 of Company (“Rogers Stock”), the receipt of which is
fully acknowledged by Rogers. It is understood and acknowledged that Rogers is
not entitled to receive any additional stock pursuant to Consulting Agreement,
as amended. It is further understood that neither the Company nor its transfer
agent will take any action to cancel the Rogers Stock and/or Stock certificates,
nor will the Company take any action to encumber Rogers’ possession of Rogers’
Stock. It is fully acknowledged by Company that the Rogers Stock are validly
issued for consideration that has been received in full. The Rogers Stock are
free and clear of any encumbrances.

            

            4.           MUTUAL
RELEASE:

            

            (a)           Rogers
hereby releases the Company from any and all actions, causes of action, suits,
debts, dues, sums of money, accounts, contracts, controversies, agreements,
charges, complaints, promises, damages, judgments, claims, liabilities and
demands whatsoever which Rogers ever had, now has, or which he can, shall, or
may have against the Company, by reason of any matter, cause, event or thing
whatsoever from the beginning of the world to the date of this Release,
including claims of which Rogers is not aware and those not mentioned in this
Release.

            

            (b)           The
Company hereby releases Rogers from any and all actions, causes of action,
suits, debts, dues, sums of money, accounts, contracts, controversies,
agreements, charges, complaints, promises, damages, judgments, claims,
liabilities and demands whatsoever which the Company ever had, now has, or which
they can, shall, or may have against Rogers, by reason of any matter, cause,
event or thing whatsoever from the beginning of the world to the date of this
Release, including claims of which the Company is not aware and those not
mentioned in this Release.

            

            (c)           The
parties are bound by this Release. Anyone who succeeds to the parties’ rights
and responsibilities, such as his heirs or the executor or administrator of his
estate or any assignee, is also bound.

            

            5.           ADDITIONAL SERVICES RENDERED
BY ROGERS:

            

            (a)           The
Parties acknowledge that pursuant to Section 2 of this Agreement, the Consulting
Agreement, as amended, is terminated by the Parties’ execution of this
Agreement. Independent of the Consulting Agreement and amendments thereto, the
Parties entered into a subsequent Agreement whereby Rogers was retained to
provide additional services as described more fully in Section 5(b) of this
Agreement.

            

            (b)           The
Company retained Rogers to assist in the preparation of the Company’s 2008
Fourth Quarter financial statements, as well as to assist in the preparation of
the financial statements and necessary documentation relating to the Company’s
2008 fiscal year-end audit and S-1 Registration Statement filed with the
Securities and Exchange Commission. This responsibility endured until completion
of the above-mentioned financial statements, and upon the effectiveness of the
Company’s S-1 Registration Statement.

            

            (c)           Upon
completion of the services described in Section 5(b) of this Agreement, Rogers
turned over to the Company, in reasonable condition and without alteration of
any kind, all documentation Rogers had in his possession pertaining to the
Company. This included all documentation and relevant information Rogers had
accumulated on or before August 17, 2007 (inception) to the present, as
applicable.

             

            
              
                 

              

              
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            (d)           Consideration
for the services described in Section 5(b) and 5(c) of this Agreement was a
total fee of Five Thousand Dollars ($5,000) (the “Fee”), and was paid in the
manner described in Section 5(e), 5(f) and 5(g) of this Agreement.

            

            (e)           Prior
to the execution of this Agreement, Company placed the total amount of the Fee
in escrow with Virginia K. Sourlis, Esq. (“Escrow Agent”). Upon receipt of the
total amount, and upon execution of this Agreement by both Parties, Escrow Agent
immediately disbursed Three Thousand Dollars ($3,000) to Rogers.

            

            (f)           This
Agreement, once executed by Company and Rogers, was placed in escrow, and was
withheld from the Parties until the terms and conditions of this Agreement had
been fulfilled by both Parties.

            

            (g)           The
remaining Two Thousand Dollars ($2,000) in escrow was disbursed to Rogers upon
the Escrow Agent’s determination that the services rendered by Rogers pursuant
to Section 5(b) and 5(c) had been satisfactorily performed and
completed.

            

            6.           SUCCESORS. The
parties are individually and severally bound by this Agreement. This Agreement
not shall be assigned to any party without the prior written consent of the
non-assigning parties. Any persons who succeed to the parties’ rights and
responsibilities, such as heirs or executors or administrators of the parties’
estate or any assignees, are also bound to the terms and obligations of this
Agreement.

            

            7.           CONFIDENTIALITY. In
consideration of the covenants and obligations set forth above, the parties
hereby covenant and agree that they and their agents shall keep the fact and
terms of this Agreement confidential, and shall not, under any circumstances
whatsoever, reveal same to any person or entity, including but not limited to,
any employee, agent, associate, customer, or any person or entity with which the
parties has any business relationship whatsoever, or to any member of the press
or the public;  provided, however, that they may reveal such
information as is required by an enforceable court order, upon notice to the
other party, or as required by the Internal Revenue Service or other agency or
otherwise required by law.

            

            8.           NO ADMISSION OF
LIABILITY. Neither the execution or terms of this Agreement, nor the
performance of the parties’ respective obligations hereunder, shall in any way
constitute or imply an admission by the parties’ liability in law or in fact as
to any claims which the parties have asserted or could have asserted in any
action brought by them.

            

            9.           PARTIAL
INVALIDITY. If any provision of this Agreement shall be held void as
against public policy by any court or administrative agency, all other
provisions shall remain in full force and effect and this Agreement shall be
construed as if the offending provisions were never contained
herein.

            

            10.         GOVERNING LAW. The
parties hereby acknowledge and agree that this Agreement is made and entered
into in the state of New Jersey and shall in all respects be interpreted,
enforced and governed under the laws of the State of New Jersey.

            

            11.         FINAL EXPRESSION OF
AGREEMENT. This Agreement is intended by the parties as the final
expression of their agreement and as a complete and exclusive statement of the
terms and provisions thereof and fully supersedes any and all prior agreements
or understandings between the parties pertaining to the subject matter
hereof.

            

            12.         MODIFICATIONS OR AMENDMENTS.
No modification or amendment to this Agreement may be made unless it is
in writing and signed by both parties.

            

            13.         LEGAL ADVICE. The
parties acknowledge that they have sought and received the advice of legal
counsel as to the meaning and execution of this Agreement and that they enter
into same voluntarily and after sufficient time to review and obtain advice of
counsel with respect to same.  The parties acknowledge that they have
carefully read the terms of the Agreement contained herein and have discussed it
with their attorneys, and further acknowledge that they understand and agree to
the terms of the Agreement, have entered into the Agreement freely, voluntarily
and without coercion, have been afforded a sufficient period of time within
which to review, consider and accept its terms, and intends, by execution of the
Agreement, to be legally bound by all of the terms and provisions
thereof.

             

            
              
                 

              

              
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            14.         SIGNATURES.
This Agreement may be
executed in counterparts and with facsimile signatures with the effect as if all
parties hereto had executed the same Agreement. All counterparts shall be
construed together and shall constitute a single Agreement. Telecopied or email
(via PDF) signatures shall be deemed to have the same effect as an
original.

            

            

            IN WITNESS WHEREOF, the
parties have executed this Agreement on the date hereinabove first
written.

             

          

          
            
              	 	
                      BAETA
      CORP.

                    	 
	 	 	 	 
	 	
                      By:
      

                    	/s/
      Dr. Alexander Gak	 
	 	 	Dr.
      Alexander Gak	 
	 	 	President,
      CEO and Chairman	 
	 	 	
                       

                       

                    	 
	 	ROGERS CONSULTING
      GROUP:	 
	 	 	 	 
	 	/s/
      Douglas Rogers	 
	 	 	Douglas
      Rogers	 

            

             

          

        

      

    

    
      
        
          
          

        

        
          4Exhibit
10.8

     

    SUMMARY OF DR. BEKKER-BAETA
CORP. VERBAL CONTRACT

     

    On August
17, 2007, inception, Dr. Bekker entered into a verbal consulting contract with
BAETA Corp. that covered the period of August 17, 2007 through December 31,
2008. Pursuant to the terms of that verbal Agreement, Dr. Bekker was responsible
for introducing Company product to colleagues and industry professionals, as
well as for development and modification of content for healthcare providers
relating to the Company’s products. For his services rendered for the initial
month of service, Dr. Bekker received 5,000 shares of common stock, which are
being registered in the Company’s registration statement on Form
S-1.

     

    For his
services rendered for the remainder of his consulting contract with the Company,
from the period of September 15, 2007 through December 31, 2008, and for his
role as Member of the BAETA Corp. Scientific Advisory Board, Dr. Bekker received
a stock option grant to purchase 50,000 shares of BAETA Common Stock at $0.50
per share, pursuant to the Company’s 2009 Stock Option Plan.

     

    Going
forward, BAETA Corp. will rely on Dr. Bekker to a great extent as Dr. Bekker is
a Member of the Company’s Scientific Advisory Board. The purpose of the BAETA
Corp. Scientific Advisory Board (“SAB”) is to identify areas of use for BAETA
products, such as MyPainAway, within the Healthcare system and to establish and
document the initial MyPainAway experiences in acute pain patients, chronic pain
patients, and the palliative care patients. Additionally, based on the initial
data, the SAB will develop and guide the validation strategy for MyPainAway and
Hospital-based Pain Monitoring System through identification of research
endpoints for clinical trials and through advising the Company on the study
design and implementation.

     

    Since
March 2009, the members of the SAB have completed the pertinent literature
review and identified studies supporting electronic data acquisition in the
field of Pain Management. Currently, all members of the SAB are using MyPainAway
Pain Tracking System in their clinical practice. Communication between the SAB
members and the Company occurs via group email, individual debriefings, and
quarterly meetings.

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