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                  AMENDED AND RESTATED ADMINISTRATIVE SERVICES,

                FINANCIAL MANAGEMENT AND OFFICE SHARING AGREEMENT





This AMENDED AND RESTATED  ADMINISTRATIVE  SERVICES,  FINANCIAL  MANAGEMENT  AND

OFFICE  SHARING  AGREEMENT  (this  "Agreement"),  dated  as of May __,  2001 and

effective  as of July 1, 2001 (the  "Effective  Date"),  is entered  into by and

among  HELIX  BIOMEDIX,  INC.,  a  Delaware  corporation  ("Helix"),  and BEATTY

FINANCE, INC., a Louisiana corporation ("BFI").



                              PRELIMINARY RECITALS



     WHEREAS, Helix and BFI entered into an administrative  Services,  Financial

Management  and  Office  Sharing  Agreement  on  November  1, 1999  (the  "Prior

Agreement"),  containing  provisions  relating to the services to be provided to

Helix by BFI and the compensation to be paid by Helix to BFI; and



     WHEREAS,  Helix and BFI desire to amend and restate the terms governing the

relationship between the parties; and



     WHEREAS,  Helix has,  pursuant to the Prior Agreement,  relied upon BFI for

certain  administrative  services and has maintained its corporate office at the

offices of BFI; and



     WHEREAS,  Helix  intends  to move  its  corporate  office  to the  Seattle,

Washington metropolitan area on or before September 30, 2001;



     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

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