-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DOOMPU7wyeJBiqK7wWD0ifO15YH+P8G1hyQkuLYymV28IZtj6R6HaiRRVLQ+bmQ9 RyGavvPiTFlpnfwReazbhA== 0001012975-03-000378.txt : 20031216 0001012975-03-000378.hdr.sgml : 20031216 20031216171038 ACCESSION NUMBER: 0001012975-03-000378 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031216 GROUP MEMBERS: JAMES HAGEDORN GROUP MEMBERS: KATHERINE HAGEDORN LITTLEFIELD GROUP MEMBERS: PAUL HAGEDORN GROUP MEMBERS: PETER HAGEDORN GROUP MEMBERS: ROBERT HAGEDORN GROUP MEMBERS: SUSAN HAGEDORN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCOTTS COMPANY CENTRAL INDEX KEY: 0000825542 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 311414921 STATE OF INCORPORATION: OH FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43716 FILM NUMBER: 031058003 BUSINESS ADDRESS: STREET 1: 14111 SCOTTSLAWN ROAD CITY: MARYSVILLE STATE: OH ZIP: 43041 BUSINESS PHONE: 6147195500 MAIL ADDRESS: STREET 1: 14111 SCOTTSLAWN ROAD STREET 2: N/A CITY: MARYSVILLE STATE: OH ZIP: 43041 FORMER COMPANY: FORMER CONFORMED NAME: CDS HOLDING CORP DATE OF NAME CHANGE: 19900104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HAGEDORN PARTNERSHIPS L P CENTRAL INDEX KEY: 0000945527 IRS NUMBER: 113265232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: SCOTTS MIRACLE-GRO PRODUCTS INC STREET 2: 800 PORT WASHINGTON BLVD CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5168836550X151 MAIL ADDRESS: STREET 1: SCOTTS MIRACLE-GRO PRODUCTS INC STREET 2: 800 PORT WASHINGTON BLVD CITY: PORT WASHINGTON STATE: NY ZIP: 11050 SC 13D/A 1 e141934v2_form13d.txt OMB APPROVAL ----------------------------- OMB Number 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response ....... 11 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* 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) DECEMBER 16, 2003 - ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which 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 for other parties to whom copies are to be sent. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH -0- ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,964,605 ------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 2 - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 158,620 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,805,985 ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 3 - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 226,600 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,738,005 ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 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 States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 148,620 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,815,985 ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,320 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,959,285 ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 111,600 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,853,005 ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 10,964,605 OWNED BY ------------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 141,600 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,823,005 ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,964,605 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.0% - -------------------------------------------------------------------------------- 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 SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 810 186 106 - -------------------------------------------------------------------------------- By this Amendment No. 7, Hagedorn Partnership. L.P. (the "Partnership") further amends and supplements the responses to Items 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The Partnership exercised Series A and Series B Warrants in a series of cashless exercises and no cash was paid for the Shares. On April 22, May 5, June 2 and 18, July 7, 15 and 28, August 4, 19, 26 and 27, September 2 and 3, 2003, the Partnership exercised an aggregate of 977,786 Series A Warrants, surrendering an aggregate of 378,215 Shares to receive an aggregate of 599,571 Shares. On March 20, 21, April 3 and 22, 2003, the Partnership exercised an aggregate of 235,390 Series B Warrants, surrendering an aggregate of 108,417 Shares to receive an aggregate of 126,973 Shares. ITEM 4. PURPOSE OF TRANSACTION (a) WARRANT EXERCISES ----------------- Pursuant to the Liquidity Plan, the Partnership completed the exercise in full of the Warrants prior to the expiration of the Warrants on November 19, 2003. (b) SALES OF SHARES --------------- In accordance with the provisions of the Liquidity Plan, the Partnership, for the accounts of Peter and Paul Hagedorn, each General Partners of the Partnership, sold an aggregate total of 102,980 Shares on March 25, 26 and 27, November 5 and 20, 2003 without registration under the Securities Act of 1933, as amended (the "Act"), in reliance upon Rule 144 under the Act. (c) AMENDMENT OF LIQUIDITY PLAN --------------------------- On May 9, 2003, the Partnership adopted Amendment No. 2 to the Liquidity Plan to delete Section 2, entitled "Distributions of Scotts Common Stock in 2002 and 2005" except for certain definitions contained therein. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS The following additional exhibits are added to the Schedule 13D: (m) Amendment No. 2 to the Liquidity Plan. Page 9 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. December 16, 2003 HAGEDORN PARTNERSHIP, L.P. By: /S/ KATHERINE HAGEDORN LITTLEFIELD ---------------------------------------- Name: Katherine Hagedorn Littlefield Title: Attorney-in-Fact 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 10 EXHIBIT M --------- HAGEDORN PARTNERSHIP, L.P. -------------------------------------- AMENDMENT NO. 2 TO LIQUIDITY PLAN --------------------------------------- MAY 9, 2003 HAGEDORN PARTNERSHIP, L.P. ---------------------------------------- AMENDMENT NO. 2 TO LIQUIDITY PLAN --------------------------------------- The Liquidity Plan adopted as of July 28, 2000 as heretofore amended (the "Plan") by the general partners of the Hagedorn Partnership, L.P., a Delaware limited 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 further amended as of May 9, 2003, in accordance with Section 7 of the Plan and Article V of the Partnership Agreement. 1. AMENDMENT --------- Section 2 of the Plan ("Distributions of Scotts Common Stock in 2002 and 2005") is hereby deleted, except for the definitions contained therein and used in the remainder of the Plan. 2. FULL FORCE AND EFFECT --------------------- Except as expressly modified above, the Plan remains in full force and effect in accordance with its terms. * * * * * * * * * * * * -----END PRIVACY-ENHANCED MESSAGE-----