Error while repairing bad sectors - 08 on WDC WD10EARS-22Y5B1 (WD Caviar Green)

You are on your own as far as the data goes.  If you aren’t already making regular backups, then your data may as well already be lost – sooner or later a drive will fail.

As for the drive itself, call WD and ask for an RMA and they will replace the drive.