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Unassociated Document

    
      
        Rogers Consulting Group

        

          
            

          

        

        Specialty Securities
Advisement

      

      October 28, 2008

      

      Dr. Alexander Gak

      BAETA Corp.

      253 Warren Avenue

      Fort Lee, NJ 07024

      

      RE: Amendment to Agreement for CFO
Services

      

      Dear Dr. Gak:

      

      This letter serves to memorialize the
compensation parameters for increased service provisions and obligations as
follows:

      

      
        	
              	
                1.

              	
                Services.

              

      

      
        	
                 
      

              	
                a.

              	
                Capital
      Formation.

              

      

      
        	
                 
      

              	
                i.

              	
                To act as independent agent to the
      Company for the purpose of securing an estimated $500,000 - $3,000,000 of
      equity, debt or equivalent form of operating capital from private capital
      sources.

              

      

      
        	
                 
      

              	
                b.

              	
                Market
    Makers.

              

      

      
        	
                 
      

              	
                i.

              	
                To identify, negotiate, engage and
      oversee during the Term of any Agreement in effect with RCG Market-Makers
      to support the Company’s transition to the public
      markets.

              

      

      
        	
                 
      

              	
                c.

              	
                Transfer
      Agents.

              

      

      
        	
                 
      

              	
                i.

              	
                To identify, negotiate, engage and
      oversee during the Term of any Agreement in effect with RCG, a Transfer
      Agent to support the Company’s transition to the public
      markets.

              

      

      
        	
                 
      

              	
                d.

              	
                Financial
    PR.

              

      

      
        	
                 
      

              	
                i.

              	
                To identify, negotiate, engage and
      oversee during the Term of any Agreement in effect with RCG, a Financial
      PR firm to enhance visibility for the Company’s products, services and
      public equity status.

              

      

      

      
        	
              	
                2.

              	
                Fees.  Fees represent
      additional compensation to any other current Agreement(s) with RCG, not
      in-lieu-of any other compensation due, except for Item C(ii)(iii),
      C(iii)(iii) or C(iv)(iii), which would supersede any other Agreement in
      force.  Capital may be formed in multiple tranches and varying
      times within the Term of this Amendment. Fees shall be due upon any
      tranche and based upon aggregate totals achieved during the Term of this
      Amendment.

              

      

      
        	
                 
      

              	
                a.

              	
                Additional Cash Compensation:
      $1,500 / mo. To begin November 15 and continue for the remainder of
      Term.

              

      

      
        	
                 
      

              	
                b.

              	
                Equity Compensation: 250,000
      common upon execution of
Amendment

              

      

      
        	
                 
      

              	
                c.

              	
                Performance-based compensation for
      successful Capital
Formation.

              

      

      
        	
                 
      

              	
                i.

              	
                Successful acquisition of $0 -
      $149,000

              

      

       

      
        Rogers Consulting Group

        8251 Blackburn Avenue| Suite 4 |
Los Angeles | CA | 90048

        Ph. 310.499.0552 | F.
323.852.7157

        Http://www.managesource.com |
CEO@managesource.com

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        Rogers Consulting Group Services
Amendment

      

       

      
        	
                 
      

              	
                i.

              	
                Cash success fee: 7.5% of capital
      acquired

              

      

      
        	
                 
      

              	
                ii.

              	
                Successful acquisition of $150,000
      - $500,000

              

      

      
        	
                 
      

              	
                i.

              	
                Cash success fee: 5% of capital
      acquired

              

      

      
        	
                 
      

              	
                ii.

              	
                Equity Success Fee: 250,000 common
      equity shares

              

      

      
        	
                 
      

              	
                iii.

              	
                Extension of the current Agreement
      for CFO Services through March 31, 2010 at a rate TBD, but estimated at
      $10,000 cash/mo & 5,000 common equity shares /
      month

              

      

      
        	
                 
      

              	
                iii.

              	
                Successful acquisition of $500,000
      - $1,500,000

              

      

      
        	
                 
      

              	
                i.

              	
                Cash success fee: 4% of capital
      acquired

              

      

      
        	
                 
      

              	
                ii.

              	
                Equity success fee: 500,000 common
      equity shares

              

      

      
        	
                 
      

              	
                iii.

              	
                Extension of the current Agreement
      for CFO Services through March 31, 2010 at a rate TBD, but estimated at
      $10,000 cash/mo & 5,000 common equity shares /
      month

              

      

      
        	
                 
      

              	
                iv.

              	
                Successful acquisition of
      $1,500,000 - $3,000,000 +

              

      

      
        	
                 
      

              	
                i.

              	
                Cash success fee: 3% of capital
      acquired

              

      

      
        	
                 
      

              	
                ii.

              	
                Equity success fee: 1,000,000
      common equity shares

              

      

      
        	
                 
      

              	
                iii.

              	
                Extension of the current Agreement
      for CFO Services through March 31, 2010 at a rate TBD, but estimated at
      $10,000 cash/mo & 5,000 common equity shares /
      month

              

      

      
        	
              	
                3.

              	
                Term &
      Exclusivity.

              

      

      
        	
                 
      

              	
                a.

              	
                Exclusivity: Non –
      Exclusive

              

      

      
        	
                 
      

              	
                b.

              	
                Term. The Term shall be guided by
      the overlying Agreement for CFO services, except in the following
      instance:

              

      

      
        	
                 
      

              	
                i.

              	
                The Term for performance of duties
      per Item 1(a): Capital Formation shall be 1-year.  Fees due for
      success of Item 1(a) from any sources identified and presented by RCG
      shall survive for a period of five (5) years from the date herein, at the
      rates above in Item 2.

              

      

      

      I look forward to reviewing this
proposal for Amendment to our existing working relationship at your earliest
convenience.

      

      Sincerely,

      
 

      Douglas A Rogers,
President

      Rogers Consulting Group

       

      
        
           

        

        
          
            Confidential:
BAETA Corp. Page 2 / 3

          

          
            

          

        

        
           

        

      

       

      
        Rogers Consulting Group Services
Amendment

      

       

      Amendment Accepted this 28th Day of October,
2008:

      

       

       

      
        	 	 	 
	Signature – Rogers Consulting
      Group   	 	Signature – BAETA
      Corp.

      

       

      
        
          
            

             

            
              
                 

              

              
                
                  Confidential:
BAETA Corp. Page 3 / 3GENERAL
MUTUAL RELEASE AGREEMENT

     

    This
General Mutual Release Agreement (the “Agreement”) is entered into this 14th day of
November, 2008, by BAETA Corp. (the “Company”), Ventana Capital Partners, Inc.
(“Ventana”) and Ralph Amato, the President of Ventana (“Amato”).

     

    WHEREAS, on March 1, 2008, the Company entered
into Consulting Agreement (the “Consulting Agreement”) with Ventana and Amato
pursuant to which the Company retained Ventana was to provide the Company
advisory services and business financing activities to the Company on an
exclusive basis for a term of one year from the date of the Consulting
Agreement, and on a non-exclusive basis for an additional one year
thereafter.

    

    WHEREAS, in consideration for the foregoing
services to be provided by Amato pursuant to the Consulting Agreement, Ventana
and Amato received cash compensation in the amount of $40,000, as well as
2,000,000 of the Company’s outstanding common stock.

    

    WHEREAS, in connection with the termination of
the Consulting Agreement, the Company agrees to rescind; and Ventana and Amato
agree return and disclaim all rights to the 2,000,000 shares received by
Ventana.

     

    NOW, THEREFORE, in consideration of the
foregoing, the mutual covenants, representations and premises contained herein,
and with full intent to be legally bound hereby, the parties hereby agree and
covenant as follows:

     

    
      1.           TERMINATION OF CONSULTING
AGREEMENT: The parties hereby terminate the Consulting Agreement,
effective upon the execution by the Agreement.

    

     

    
      2.           RETURN OF
SHARES:

    

    

    
      	
              
              

            	
              (a)

            	
              Upon
      the execution of this Agreement, the Company shall rescind; and Ventana
      and Amato shall return and disclaim all rights to the 2,000,000 shares of
      the Company shares of common stock received by Ventana and Amato in
      connection with the Consulting
Agreement.

            

    

     

    
      	
              
              

            	
              (b)

            	
              
                Notwithstanding
      anything to the contrary contained herein, the parties agree that in
      connection with the rescission and return of the shares received by
      Ventana and Amato under the Consulting Agreement from the Company, the
      Company shall not issue Ventana or Amato a Form 1099 or other similar tax
      statement or form which would require Ventana or Amato to report the
      issuance of the shares by the Company to Ventana and Amato with the
      Internal Revenues Services or other regulatory agency; provided however,
      that the foregoing is not in violation of any laws, rules or regulations
      of any government or regulatory
agencies.

              

            

    

     

    3.           MUTUAL
RELEASE:

     

    
      	
              
              

            	
              (a)

            	
              
                Amato
      and Ventana hereby release 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 Amato and
      Ventana 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 Amato and Ventana are not aware and those not mentioned in this
      Release.

              

            

    

     

    
      	
              
              

            	
              (b)
      

            	
              The
      Company hereby releases Amato and Ventana 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 Amato or
      Ventana, 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.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              
              

            	
              (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.

              

            

    

     

    4.           CONFIDENTIAL
AGREEMENT: In consideration of the covenants 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.

     

    5.           NO ADMISSION OF LIABILITY BY
PAYOR: Neither the execution or terms of this Agreement, nor the
surrender of the 2,000,000 shares received by Amato and Ventana hereunder, shall
in any way constitute or imply an admission by the parties of 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.

     

    6.           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.

     

    7.           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.

     

    8.           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.

     

    9.           MODIFICATIONS OR
AMENDMENTS: No modification or amendment to this Agreement may be made
unless it is in writing and signed by all of the parties hereto.

     

    10.         LEGAL ADVICE: The
parties acknowledge that they have sought and received the advice of legal and
tax 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 this Agreement contained herein and have discussed it with their
attorney, 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.

     

    11.        SIGNATURES. The
execution of this Agreement may be by actual or facsimile signature and in
counterparts, which together, shall constitute one fully executed
Agreement.

     

    WHEREAS,
in witness hereof the parties execute this Agreement on the date hereinabove
first written.

    
       

      
        	
                BAETA
      CORP.

              	
                VENTANA
      CAPITAL PARTNERS, INC.

              
	 
      	 
      	 
      	 
      	 
      	 
	
                By:

              	
                /s/ Dr.
      Alexander Gak

              	 
      	
                By:

              	
                /s/
      Ralph Amato

              	 
	 
      	
                Dr.
      Alexander Gak

              	 
      	 
      	
                Ralph
      Amato

              	 
	 
      	
                President

              	 
      	 
      	
                President

              	 

      

       

      
        
          
          

        

        
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