X0202 4 2005-08-08 0 0000095366 SUNAIR ELECTRONICS INC SNR 0001245080 HAYES JOHN J SUNAIR ELECTRONICS, INC. 3005 S.W. THIRD AVENUE FORT LAUDERDALE FL 33315 0 1 0 0 President and CEO Right to Buy Common Stock 2005-08-08 4 J 0 290800 0 A 2005-08-08 2006-08-08 Common Stock 290800 290800 I By Partnership Right to Buy Warrants 2005-08-08 4 J 0 145400 0 A 2005-08-08 2006-08-08 Warrants 145400 145400 I By Partnership Right to Buy Warrants 2005-08-08 4 J 0 145400 0 A 2005-08-08 2006-08-08 Warrants 145400 145400 I By Partnership Commencing on August 8, 2005 and ending on the first anniversary thereafter, Mr. Hayes, as a limited partner of Coconut Palm Capital Investors II, Ltd. (the "Partnership"), has the right to redeem his limited partnership interests in the Partnership for the reported securities at any time. Mr. Hayes would be required to pay the Partnership $250.00, in the event he elects to redeem his limited partnership interests in the Partnership. In the event Mr. Hayes redeems his limited partnership interests in the Partnership, he will acquire warrants to purchase 145,400 shares of common stock at an exercise price of $6 per share, which will be immediately exercisable and will expire on February 2, 2008. In the event Mr. Hayes redeems his limited partnership interests in the Partnership, he will acquire warrants to purchase 145,400 shares of common stock at an exercise price of $7 per share, which will be immediately exercisable and will expire on February 2, 2010. /s/ John J. Hayes 2005-11-04