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Equity Contributions means contributions to the YELP Budget in each State and Territory in Australia the -

*            Two Major & Two Minor Public Equity Holders for the particular State or Territory; and

*            12 Private Equity Holders which contribute for all States and Territories after the associated state or territory approves Propagation to their State or Territory.

The YELP Budget 'Equity Contributions' are split -

            *          50.01% from Two Major & Two Minor Public Equity Holders in each State; and

            *          49.99% from 12 Private Equity Holders.

            The above 'Public Sector' and 'Major Companies' PPP structure are Equity Holders.