X0201 4 2004-04-13 0 0000799097 SAN HOLDINGS INC SANZ.OB 0001226013 SUN SOLUNET LLC 5200 TOWN CENTER CIRCLE SUITE 470 BOCA RATON FL 33486 0 0 1 0 0001249755 SUN CAPITAL PARTNERS LLC 5200 TOWN CENTER CIRCLE SUITE 470 BOCA RATON FL 33486 0 0 1 0 0001249758 SUN CAPITAL ADVISORS II LP 5200 TOWN CENTER CIRCLE SUITE 470 BOCA RATON FL 33486 0 0 1 0 0001129733 SUN CAPITAL PARTNERS II LP 5200 TOWN CENTER CIRCLE SUITE 470 BOCA RATON FL 33486 0 0 1 0 0001193057 KROUSE RODGER R 5200 TOWN CENTER CIRCLE SUITE 470 BOCA RATON FL 33486 1 0 1 0 0001193052 LEDER MARC J 5200 TOWN CENTER CIRCLE SUITE 470 BOCA RATON FL 33486 1 0 1 0 Common Stock 2004-04-13 4 C 0 36468562 A 55968562 I see footnotes Series B Convertible Preferred Stock 2004-04-13 4 C 0 729.3712 D Common Stock 36468562 0 I see footnotes Marc J. Leder ("Leder") and Rodger R. Krouse ("Krouse") each currently serve as a director of the Issuer. In addition, Leder and Krouse each own 50% of the membership interests in Sun Capital Partners, LLC ("Sun Partners LLC"), which in turn is the general partner of Sun Capital Advisors II, LP ("Sun Advisors II"), which in turn is the general partner of Sun Capital Partners II, LP ("Sun Partners II LP"). Sun Partners II LP owns all of the membership interests in Sun Solunet, LLC ("Sun Solunet"). As a result, Leder, Krouse, Sun Partners LLC, Sun Advisors II and Sun Partners II LP may be deemed to have indirect beneficial ownership of the 729.3712335 shares of Series B Convertible Preferred Stock and the Common Stock obtained as a result of the conversion. Leder, Krouse, Sun Partners LLC, Sun Advisors II and Sun Partners II LP each expressly disclaims beneficial ownership of any shares of Common Stock in which they do not have a pecuniary interest. Each share of Series B Convertible Preferred Stock was automatically converted into 50,000 fully-paid and nonassesable shares of Common Stock immediately upon the effectiveness of an amendment to the Issuer's Articles of Incorporation which had the effect of increasing the number of shares of Common Stock that the Issuer is authorized to issue to a number sufficient to provide for the issuance of shares of Common Stock upon conversion of all of the then outstanding shares of Series B Convertible Preferred Stock. Such amendment was effective on April 13, 2004. Sun Solunet, LLC-by Rodger R. Krouse, its authorized signatory 2004-04-13 Sun Capital Partners, LLC-by Rodger R. Krouse, its authorized signatory 2004-04-13 Sun Capital Advisors II, LP-by Rodger R. Krouse, its authorized signatory 2004-04-13 Sun Capital Partners II, LP-by Rodger R. Krouse, its authorized signatory 2004-04-13 /s/ Rodger R. Krouse 2004-04-13 /s/ Marc J. Leder 2004-04-13