The Company does not own or control, directly or indirectly, and has not for the past five years owned or controlled, directly or indirectly, any interest in any other corporation, association or other business entity except for Versartis Cayman Holdings Company, Versartis GmbH and Versartis US, LLC. Each of Versartis Cayman Holdings Company, Versartis GmbH and Versartis US, LLC has been duly organized, is validly existing and in good standing under the laws of the jurisdiction of its organization, with the corporate power and authority to own or lease its property and to conduct its business as described in the Registration Statement and Prospectus and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would not be reasonably expected to have a material adverse effect on the Company; all of the issued and outstanding capital stock of (or other equity interests in) each of Versartis Cayman Holdings Company, Versartis GmbH and Versartis US, LLC has been duly authorized and validly issued and is fully paid and nonassessable; and the capital stock of (or other equity interests in) each of Versartis Cayman Holdings Company, Versartis GmbH and Versartis US, LLC, directly or indirectly, is owned by the Company free from liens, encumbrances and defects.