Document:

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                                                                    EXHIBIT 10.2

                                 AMENDMENT NO. 1
                                       TO
                                     WARRANT

     This Amendment No. 1 to Warrant dated as of June ___, 2006 ("Amendment")
amends each of those certain Warrants No. ___ (the "Warrants") issued on
November 14, 2005 by Health Fitness Corporation, a Minnesota corporation (the
"Company"), to each of the entities listed on Exhibit A hereto, or their
respective registered assigns (each a "Holder"). Capitalized terms that are used
and not defined in this Amendment shall have the meanings assigned to them in
the Warrant.

                                   WITNESSETH:

     WHEREAS, the Company and each of the Holders have entered into a Warrant;

     WHEREAS, each of the parties desire to amend their respective Warrant
pursuant to Section 14(f) of the Warrant to reflect the changes set forth
herein.

     NOW, THEREFORE, the parties hereto agree as follows:

     Section 1. Amendment to Section 9(b). Section 9(b) of the Warrant shall be
deleted in its entirety and replaced with the following:

          "(b) Fundamental Transactions. If, at any time while this Warrant is
outstanding, the Company effects a Fundamental Transaction (defined below), then
the Holder shall have the right to either (A) purchase and receive upon the
basis and upon the terms and conditions herein specified and in lieu of the
Warrant Shares immediately theretofore issuable upon exercise of the Warrant,
such shares of stock, securities or assets (including cash) (collectively
"Alternative Consideration") as would have been issuable or payable with respect
to or in exchange for a number of Warrant Shares equal to the number of Warrant
Shares immediately theretofore issuable upon exercise of the Warrant, had such
Fundamental Transaction not taken place or (B) require (by written notice
delivered to the Company within 20 business days of the date of the Fundamental
Transaction) the repurchase of this Warrant for a purchase price, payable within
five (5) business days after such request in Alternative Consideration in the
same proportion as determined in the immediately preceding clause (A), equal to
the Black Scholes value of the remaining unexercised portion of this Warrant on
the date of such request. The terms of any agreement pursuant to which a
Fundamental Transaction is effected shall include terms requiring any such
successor or surviving entity and Holder to comply with the provisions of this
Section 9. For purposes of this Section 9(b), "Fundamental Transaction" shall
mean any transaction whereby (1) the Company effects any merger or consolidation
of the Company with or into another Person, (2) the Company effects any sale of
all or substantially all of its assets in one or a series of related
transactions, (3) any tender offer or exchange offer (whether by the Company or
another Person) is completed pursuant to which holders of Common Stock are
permitted to tender or exchange their shares for other securities,

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cash or property, or (4) the Company effects any reclassification of the Common
Stock or any compulsory share exchange pursuant to which the Common Stock is
effectively converted into or exchanged for other securities, cash or property;
provided, however, that the occurrence of any of the foregoing transactions
shall not be a "Fundamental Transaction" unless the transaction has been
consented to or approved by the Company, or otherwise undertaken in a manner
that is within the control of the Company."

     Section 2. Binding Effect. Except to the extent expressly provided herein,
the Warrant shall remain in full force and effect in accordance with its terms.
This Amendment shall be governed by and construed as one with the Warrant, and
the Warrant shall be read and construed so as to incorporate this Amendment.

     Section 3. Governing Law. This Amendment shall be governed by and construed
in accordance with the law of the State of New York, without regard to the
conflicts of law rules of such state.

     Section 4. Counterparts; Effectiveness. This Amendment may be signed in any
number of counterparts, each of which shall be an original, with the same effect
as if the signatures thereto and hereto were upon the same instrument. This
Amendment shall become effective when each party hereto shall have received a
counterpart hereof signed by the other party hereto.

    [The remainder of this page has been intentionally left blank; the next
                          page is the signature page.]

                                       2

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                        HEALTH FITNESS CORPORATION

                                        By:
                                            ------------------------------------
                                        Name: Jerry V. Noyce
                                        Title: CEO and President

                                        INVESTOR

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       3

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                                    EXHIBIT A
                                       TO
                           AMENDMENT NO. 1 TO WARRANT

          The "Holders" for purposes of the Amendment No. 1 to Warrant to which
this Exhibit relates are:

                                       4<PAGE>

                                                                    EXHIBIT 10.3

                                 AMENDMENT NO. 1
                        TO REGISTRATION RIGHTS AGREEMENT

     This Amendment No. 1 to Registration Rights Agreement dated as of June ___,
2006 ("Amendment") amends that certain Registration Rights Agreement (the
"Agreement") dated November 14, 2005 by and among Health Fitness Corporation, a
Minnesota corporation (the "Company"), and each of the entities listed on
Exhibit A hereto, among others (each an "Investor"). Capitalized terms that are
used and not defined in this Amendment shall have the meanings assigned to them
in the Agreement.

                                   WITNESSETH:

     WHEREAS, the Company and each of the Investors have entered into the
Agreement;

     WHEREAS, the Company and each of the Investors, together with each other
party to the Agreement, all of whom are executing a document substantially
similar to this Amendment, desire to amend the Agreement pursuant to Section
6(f) of the Agreement to reflect the changes set forth herein.

     NOW, THEREFORE, the parties hereto agree as follows:

     Section 1. Amendment to Section 2(d). Section 2(d) of the Agreement shall
be deleted in its entirety and replaced with the following:

          "(d) If (i) a Registration Statement is not filed on or prior to its
Filing Date, (ii) a Registration Statement is not declared effective by the
Commission on or prior to its required Effectiveness Date, or (iii) after its
Effective Date, without regard for the reason thereunder or efforts therefor,
such Registration Statement ceases, for any reason, to be effective and
available to the Holders as to all Registrable Securities to which it is
required to cover (excluding, for avoidance of doubt, Registrable Securities of
Holders who failed to comply with Section 2(e)) at any time prior to the
expiration of the Effectiveness Period (any such failure or breach being
referred to as an "Event," and the date on which such Event occurs being
referred to as an "Event Date"), then, in addition to any other rights available
to the Holders under the Transaction Documents or under applicable law, on each
monthly anniversary of each such Event Date and until such time as all then
continuing Events shall have been cured, the Company shall pay to each Holder
(excluding, for avoidance of doubt, Holders who failed to comply with Section
2(e)) an amount in cash, as partial liquidated damages and not as a penalty,
equal to one percent (1%) of the aggregate purchase price paid by such Holder
under the Purchase Agreement for any Registrable Securities then held by such
Holder for each 30-day period, or pro rata from any portion thereof, following
such Event Date, provided, however, that the aggregate amount the Company shall
be required to pay to the Holders shall not exceed 9.0% of the aggregate
purchase price paid by such Holder under the Purchase Agreement for any
Registrable Securities. For the purposes of the foregoing, each month will be
deemed to be thirty (30) days in length. Any liquidated damages payable under
this Section 2(d) shall be in addition to any remedies available to the Holders
at law or in equity by reason of any breach of this Agreement by the Company. If
the Company fails to pay any liquidated damages pursuant to this Section in full
within seven (7)

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days after the date payable, the Company will pay interest thereon at a rate of
12% per annum (or such lesser maximum amount that is permitted to be paid by
applicable law) to the Holder, accruing daily from the date such liquidated
damages are due until such amounts, plus all such interest thereon, are paid in
full. Notwithstanding the foregoing, the provisions of this clause (d) shall be
inapplicable if the Event is attributable to the occurrence of one or more
Company Events arising after the Effective Date of a Registration Statement,
provided, such inapplicability shall last only during such time as the Holders
are obligated to comply with the provisions of Section 6(e) with respect to one
or more Company Events, not to exceed 90 days in any twelve-month period."

     Section 2. Binding Effect. Except to the extent expressly provided herein,
the Agreement shall remain in full force and effect in accordance with its
terms. This Amendment shall be governed by and construed as one with the
Agreement, and the Agreement shall be read and construed so as to incorporate
this Amendment.

     Section 3. Governing Law. This Amendment shall be governed by and construed
in accordance with the law of the State of New York, without regard to the
conflicts of law rules of such state.

     Section 4. Counterparts; Effectiveness. This Amendment may be signed in any
number of counterparts, each of which shall be an original, with the same effect
as if the signatures thereto and hereto were upon the same instrument. This
Amendment shall become effective when each party hereto shall have received a
counterpart hereof signed by the other party hereto.

    [The remainder of this page has been intentionally left blank; the next
                          page is the signature page.]

                                      -2-

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                        HEALTH FITNESS CORPORATION

                                        By:
                                            ------------------------------------
                                        Name: Jerry V. Noyce
                                        Title: CEO and President

                                        INVESTOR

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                      -3-

<PAGE>

                                    EXHIBIT A
                                       TO
                AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT

          The "Investors" for purposes of the Amendment No. 1 to Registration
Rights Agreement to which this Exhibit relates are:

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