Esenjay Sample Clauses

Esenjay. The authorized capital stock of Esenjay consists of 100,000 shares of common stock, of which 100,000 shares are issued and outstanding as of the date hereof. All of the issued and outstanding shares of common stock of Esenjay are owned by the Esenjay Shareholders. There are no outstanding subscriptions, options, warrants, calls, contracts, demands, commitments, convertible securities or other agreements or arrangements of any character or nature whatsoever under which Esenjay may become obligated to issue, assign, transfer or repurchase any shares of the capital stock or other equity interest in Esenjay. All of the outstanding shares of Esenjay common stock have been validly issued and are fully paid and nonassessable.