X0202 3 2004-08-23 0 0001069308 PHARMAFRONTIERS CORP pftr.ob 0001302013 Rodriguez Brian 18205 BURKHARDT ROAD HOUSTON TX 77377 1 0 0 0 Stock Option 10 2004-08-23 2009-08-20 Stock Option 80000 D Shall initially be $10.00, and reduced to equal the weighted average gross offering price of shares of common stock issued in equity financings by the company on or after August 1, 2004 resulting in gross proceeds raised by the company of at least $5 million in one or more series of transactions of common stock or common stock equivalents if such weighted average offering price is less than $10.00; however, in no event shall the exercise price be lower than $5.00. Brian Rodriguez 2004-09-02