FIRST AMENDMENT TO EMPLOYMENT LETTER AGREEMENT
This FIRST AMENDMENT TO EMPLOYMENT LETTER AGREEMENT (this “Amendment”) is made and entered into
effective as of June 15, 2007 by and between HELIX BIOMEDIX, INC., a Delaware corporation (“Helix”), and DAVID H.
WHEREAS, Helix and Employee entered into a letter agreement dated July 2, 2004 (the “Agreement”); and
WHEREAS, Helix and Employee wish to amend the Agreement as provided herein.
NOW, THEREFORE, in consideration of the premises, the mutual covenants of the parties hereinafter set forth and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
1. The last paragraph of Section 4 of the Agreement is hereby amended and restated in its entirety as follows:
The Board of Directors shall review your compensation and performance annually, and you shall be eligible for an
increase in your base salary or other compensation based on such review.”
2. The first paragraph of Section 7 of the Agreement is hereby amended and restated in its entirety as follows:
“Your employment with the Company will be on an “at will” basis, meaning that either you or the Company may
terminate your employment at any time for any reason or no reason, without further obligation or liability.
Notwithstanding the foregoing, in the event that the Company terminates this employment relationship without
Cause (as defined below) or you terminate this employment relationship with Good Reason (as defined below), the
Company will pay you any unpaid annual base salary, any amount due but not paid under any Company incentive
compensation plan, earned but unused vacation and bonuses due (if any) for services already performed (subject to
normal withholding and other deductions) to the effective date of termination of employment; and monthly severance
payments equivalent to six (6) months base salary. These payments wil