X0202 3 2004-08-23 0 0001069308 PHARMAFRONTIERS CORP pftr.ob 0001303311 McWilliams David 18205 BURKHARDT STREET TOMBALL TX 77377 1 1 0 0 Chief Executive Officer Stock Option 2004-08-23 Stock Option 370000 D 10,000 shares of common stock shall vest on August 23, 2004; thereafter 10,000 shares of common stock monthly for the duration of employee's employment but only up to 36 months. $10.00 per share, such exercise price subject to reduction to not less than $5.00 per share, depending upon the sales price of subsequent equity financings. David McWilliams 2004-09-14