Exhibit 10.2

 

WARRANT ASSIGNMENT

 

THIS WARRANT ASSIGNMENT AGREEMENT, dated as of October 31, 2005 (the
“Agreement”), is entered into by and among Stanford International Bank, Ltd., an
Antigua corporation (“Stanford”), Daniel T. Bogar (“Bogar”), Ronald M. Stein
(“Stein”), William R. Fusselmann (“Fusselmann”), Charles M. Weiser (“Weiser”)
and Osvaldo Pi (“Pi” and together with Bogar, Stein, Fusselmann and Weiser, each
an “Assignee” and collectively the “Assignees”).

 

W I T N E S S E T H:

 

WHEREAS, Health Systems Solutions, Inc., a Nevada corporation (“HSS”), and
Stanford have entered into a certain Preferred Stock Purchase Agreement dated as
of October 31, 2005 (the “Purchase Agreement”);

 

WHEREAS, pursuant to, and in accordance with, the Purchase Agreement, HSS agreed
that on the First Closing Date pursuant to the Purchase Agreement it would issue
to Stanford warrants to purchase an aggregate of 405,000 shares of HSS common
stock at an exercise price of $.001 per share (the “HSS Warrants”);

 

WHEREAS, for value received, Stanford has agreed to assign and transfer unto
each Assignee on the First Closing Date under the Purchase Agreement an HSS
Warrant exercisable for 40,500 shares, with an aggregate of up to 2,775,000
warrant shares issuable pursuant to the Purchase Agreement (collectively, the
“HSS Assigned Warrants”);

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

  A. Stanford hereby covenants and agrees to cause HSS on the First Closing Date
under the Purchase Agreement to assign and transfer unto each Assignee an HSS
Warrant exercisable for 40,500 shares, and to cause HSS on each Closing Date
thereafter to assign and transfer unto each Assignee an HSS Warrant exercisable
for 10% of the warrant shares corresponding to the preferred stock sold on that
Closing Date.

 

  B. The parties hereto hereby covenant and agree to take all such action as may
be necessary or appropriate in order to carry out the actions set forth herein.

 

  C. This Agreement shall be governed by and interpreted in accordance with the
laws of the State of Florida, without regard to its principles of conflict of
laws.

 

  D. This Agreement supersedes all prior agreements and understandings among the
parties hereto with respect to the subject matter hereof. This Agreement,
constitutes the entire agreement among the parties hereto with respect to the
subject matters hereof and thereof, and supersedes all prior agreements and
understandings, whether written or oral, among the parties with respect to such
subject matters.

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  E. This Agreement shall inure to the benefit of, and be binding upon the
successors and assigns of each of the parties hereto, including any transferees
of the Warrants.

 

  F. This Agreement may be signed in one or more counterparts, each of which
shall be deemed an original and all of which, when taken together, will be
deemed to constitute one and the same agreement.

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.

 

Stanford International Bank, Ltd.   “Assignees”

/S/

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/S/

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By:   James M. Davis   William R. Fusselmann Title:   Chief Financial Officer  
141 Crandon Blvd., #437         Key Biscayne, Florida 33149        

/S/

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Daniel T. Bogar

       

1016 Sanibel Drive

       

Hollywood, Florida 33021

       

/S/

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Ronald M. Stein

       

6520 Allison Road

       

Miami Beach, Florida 33141

       

/S/

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Osvaldo Pi

       

6405 SW 104th Street

       

Pinecrest, Florida 33156

       

/S/

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Charles M. Weiser

       

3521 N. 55th Avenue

       

Hollywood, Florida 33021