X0303 4 2009-09-01 0 0001316644 AeroGrow International, Inc. AERO.OB 0001232118 LAZARUS INVESTMENT PARTNERS LLLP 2401 EAST SECOND AVENUE SUITE 600 DENVER CO 80206 0 0 1 0 Warrants 0.25 2009-09-01 4 A 0 250000 0 A 2009-09-01 2014-08-31 Common Stock 250000 250000 D Warrants 0.25 2009-11-09 4 A 0 200000 0 A 2009-11-09 2014-11-08 Common Stock 200000 200000 D The warrants were issued as part of a loan agreement between the Reporting Person and the Issuer. The reported securities are owned directly by Lazarus Investment Partners LLLP, and indirectly by Lazarus Management Company LLC, as investment adviser and general partner of Lazarus Investment Partners LLLP, and Justin B. Borus, as managing member of Lazarus Management Company LLC. Lazarus Management Company LLC and Justin B. Borus disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. This report is jointly filed by Lazarus Investment Partners LLLP, Lazarus Management Company LLC and Justin B. Borus, all of whom are deemed 10% owners. /s/ Justin B. Borus, Managing member of general partner 2010-02-16