X0202 3 2007-06-28 0 0001389072 HeartWare LTD HTW 0001095799 APPLE TREE PARTNERS I LP 54TH FLOOR 405 LEXINGTON AVENUE NEW YORK NY 10174 0 0 1 0 Ordinary shares 91588782 D Convertible Note Ordinary shares 1490171 D The convertible note is currently convertible. There is no expiration date for the conversion. The conversion price is based on principal and interest, and changes every month. As of June 28, 20087, Apple Tree Partners I, L.P. has the option to receive from the issuer AU$1,490,171 or the issuer's shares at AU$1.00 per share, i.e., 1,490,171 shares. /s/ Seth Harrison, Managing General Partner 2007-06-28