------------------------------
OMB APPROVAL
------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
THE SCOTTS COMPANY
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON SHARES, WITHOUT PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
810 186 106
- --------------------------------------------------------------------------------
(CUSIP Number)
ROB MCMAHON
c/o HAGEDORN PARTNERSHIP, L.P.
800 PORT WASHINGTON BLVD.
PORT WASHINGTON, NJ 08540
WITH A COPY TO:
RICHARD L. GOLDBERG
PROSKAUER ROSE LLP
1585 BROADWAY
NEW YORK, NY 10036
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 4, 2002
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
Page 2 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
Hagedorn Partnership, L.P.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EIN 11-3265232
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
10,044,113
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 3 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
Katherine Hagedorn Littlefield
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
186,600
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
9,857,513
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 4 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
James Hagedorn
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
226,600
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
9,857,513
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 5 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
Paul Hagedorn
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United Staates of America
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
156,620
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
9,885,493
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 6 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
Peter Hagedorn
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
101,970
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
9,942,143
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 7 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
Robert Hagedorn
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
196,600
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
9,847,513
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 8 of 11
SCHEDULE 13D
CUSIP No. 810 186 106
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
Susan Hagedorn
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*: OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,044,113
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
196,600
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
9,847,513
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,044,113
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*: IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 9 of 11
ITEM 1. SECURITY AND ISSUER
By this Amendment No. 4, Hagedorn Partnership. L.P. (the
"Partnership") further amends and supplements the responses to Items 2, 3, 4 and
7 of its Statement on Schedule 13D, as heretofore amended (the "Schedule 13D"),
filed with respect to the common shares, without par value (the "Shares"), of
The Scotts Company, an Ohio corporation ("Scotts"). Capitalized terms not
otherwise defined have the meanings set forth in the Schedule 13D. Scotts'
principal executive offices are located at 14111 Scottslawn Road, Marysville,
Ohio 43041.
ITEM 2. IDENTITY AND BACKGROUND
The information set forth in Schedule I filed with Amendment No. 2
to the Schedule 13D is hereby amended to state that James Hagedorn was appointed
President and Chief Executive Officer of Scotts in May 2001.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Partnership's exercise of the Warrants was a cashless exercise
and no cash was paid for the Shares. The partnership exercised 1,140,750
Warrants and received 467,092 Shares.
ITEM 4. PURPOSE OF TRANSACTION
Under the Liquidity Plan, the Partnership is to exercise in full the
Warrants, which represent the right to purchase an aggregate of 2,933,358 shares
of Scotts Common Shares, through one or more cashless exercises (i.e., by having
Scotts withhold, upon exercise, that number of Shares having an aggregate market
value equal to the aggregate exercise price of the Warrants then being exercised
in lieu of paying the exercise price in cash) prior to the expiration of the
Warrants on November 19, 2003, and sell or distribute the Shares received upon
exercise for cash as soon as possible after such exercise.
On August 21, 2002, the Partnership exercised its rights under the
Warrants to purchase Shares through the cashless exercises of the Series B and
Series C Warrants and received a total of 467,092 Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following additional exhibits are added to the Schedule 13D:
(k) Third Amendment, dated as of July 20, 2001, to Amended and
Restated Agreement of Limited Partnership of Hagedorn
Partnership, L.P.
(l) Amendment No. 1 dated as of July 20, 2001 to the Liquidity
Plan adopted as of July 28, 2000 by the General Partners of
Hagedorn Partnership, L.P.
Page 10 of 11
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
HAGEDORN PARTNERSHIP, L.P.
September 4, 2002
By:/s/ Katherine Hagedorn Littlefield
------------------------------------
Name: Katherine Hagedorn Littlefield
Title: General Partner
KATHERINE HAGEDORN LITTLEFIELD
/s/ Katherine Hagedorn Littlefield
---------------------------------------
JAMES HAGEDORN
By:/s/ Katherine Hagedorn Littlefield
------------------------------------
Name: Katherine Hagedorn Littlefield
Title: Attorney-in-Fact
PAUL HAGEDORN
By:/s/ Katherine Hagedorn Littlefield
------------------------------------
Name: Katherine Hagedorn Littlefield
Title: Attorney-in-Fact
PETER HAGEDORN
By:/s/ Katherine Hagedorn Littlefield
------------------------------------
Name: Katherine Hagedorn Littlefield
Title: Attorney-in-Fact
ROBERT HAGEDORN
By:/s/ Katherine Hagedorn Littlefield
------------------------------------
Name: Katherine Hagedorn Littlefield
Title: Attorney-in-Fact
SUSAN HAGEDORN
By:/s/ Katherine Hagedorn Littlefield
------------------------------------
Name: Katherine Hagedorn Littlefield
Title: Attorney-in-Fact
Page 11 of 11
THIS THIRD AMENDMENT TO AMENDED AND RESTATED AGREEMENT OF LIMITED
PARTNERSHIP OF HAGEDORN PARTNERSHIP, L.P., as amended (the "Partnership
Agreement"), is made as of the 20th day of July, 2001, by the General Partners
of the Partnership (the "Third Amendment").
WHEREAS, the General Partners have unanimously adopted, as of July 20,
2001, an Amendment No. 1 (the "Plan Amendment") to the Hagedorn Partnership,
L.P. Liquidity Plan (the "Liquidity Plan") at the regular meeting of the General
Partners held on July 20, 2001;
WHEREAS, in connection with the adoption of the Liquidity Plan, the
General Partners adopted the Second Amendment, dated as of July 28, 2000, to the
Partnership Agreement (the "Second Amendment"), implementing certain terms of
the Liquidity Plan;
WHEREAS, implementation of the Plan Amendment requires the amendment
of certain of the provisions of the Partnership Agreement added by the Second
Amendment;
NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein, the parties hereto agree as follows:
1. Defined Terms.
-------------
Capitalized terms used herein (including in the introduction and
recitals above) and not otherwise defined have the respective meanings assigned
to them in the Partnership Agreement or in the Liquidity Plan, as applicable.
2. Amendments.
----------
(a) Section 2(c) of the Second Amendment is hereby amended by deleting
the phrase "Section 5(b) of the Liquidity Plan" in the second line thereof and
replacing it then with the phrase "Section 5(a) of the Liquidity Plan".
(b) Section 2(e) of the Second Amendment is hereby amended and
restated to read in its entirety as follows:
"(e) Following any sale or distribution of Scotts Common Stock by
the Partnership pursuant to Section 2(a) or Section 3(a) of
the Liquidity Plan, (A) the amounts otherwise distributable by
the Partnership pursuant to Section 4 of the Partnership
Agreement to the holders of any Class of Interests that
received all or a portion of such distribution with respect to
dividends or other distributions on, or proceeds from the sale
of, shares of Scotts Common Stock owned by the Partnership
(excluding sales or distributions pursuant to Sections 2, 3 or
5 of the Liquidity Plan) shall be reduced by the amount by
which (i) the reduction in the amount of those dividends,
distributions or sale proceeds derived by the Partnership as a
result of the reduction of the Partnership's holdings of
Scotts Common Stock caused by such sale or distribution
pursuant to Section 2(a) or Section 3(a) of the Liquidity Plan
exceeds (ii) the reduction in the amount of those dividends,
distributions or sale proceeds that is distributable to the
Charity as a result of such reduction in the Partnership's
holdings of Scotts Common Stock, and the amounts of Income
otherwise allocable by the Partnership to the holders of such
Class of Interests pursuant to Section 3 of the Partnership
Agreement shall be reduced in a parallel manner."
3. Miscellaneous.
-------------
(a) Except as expressly amended by this Third Amendment, the
Partnership Agreement shall remain in full force and effect in accordance with
its terms.
(b) Captions contained in this Third Amendment are inserted
only as a matter of convenience and in no way define, limit or extend the scope
or intent of this Second Amendment or any provision hereof.
(c) This Third Amendment may be executed in one or more counterparts,
which may include facsimile counterparts, each of which shall be deemed an
original but all of which shall constitute one and the same instrument.
IN WITNESS WHEREOF, the General Partners hereto have executed this
Agreement as of the day and in the year first above written.
/s/ James Hagedorn
------------------------------------
James Hagedorn
/s/ Katherine Hagedorn Littlefield
------------------------------------
Katherine Hagedorn Littlefield
/s/ Paul Hagedorn
------------------------------------
Paul Hagedorn
/s/ Peter Hagedorn
------------------------------------
Peter Hagedorn
/s/ Robert Hagedorn
------------------------------------
Robert Hagedorn
/s/ Susan Hagedorn
------------------------------------
Susan Hagedorn
HAGEDORN PARTNERSHIP, L.P.
-------------------------
AMENDMENT NO. 1
TO
LIQUIDITY PLAN
-------------------------
JULY 20, 2001
HAGEDORN PARTNERSHIP, L.P.
-------------------------
Amendment No. 1
to
Liquidity Plan
-------------------------
The Liquidity Plan (the "Plan"), adopted as of July 28, 2000 (the
"Effective Date"), by the general partners of Hagedorn Partnership, L.P., a
Delaware limited partnership (the "Partnership"), in accordance with Article V
of the Amended and Restated Agreement of Limited Partnership of Hagedorn
Partnership, L.P., as amended (the "Partnership Agreement"), is hereby amended,
in accordance with Section 7 of the Plan and Article V of the Partnership
Agreement.
1. Defined Terms.
(a) Capitalized terms used herein and not otherwise defined have
the respective meanings assigned to them in the Plan.
2. Amendment.
Section 2 of the Plan is hereby amended by adding the following sentence
at the end of Section 2(a) thereof:
The Partnership shall give each of the General Partners at least 15 days'
prior written notice of each distribution of Scotts Common Stock to be made
pursuant to this Section 2(a) and, notwithstanding anything in this Section 2(a)
to the contrary, each General Partner may elect, by
written notice to the Partnership given at least five days' prior to the date of
either such distribution, to defer (to such later date or dates from time to
time designated by written notice to the Partnership) the making of such
distribution with respect to the holders of the Class of Interests held by such
General Partner.
3. Full Force and Effect.
Except as expressly modified above, the Plan remains in full
force and effect in accordance with its terms.
-2-