Boreal Sample Clauses

Boreal. The authorized capital stock of Boreal consists of (i) an unlimited number of shares of common stock, without par value, of which 30,000 shares are issued and outstanding, (ii) an unlimited number of shares of class A preference stock, without par value, of which 30,000 shares are issued and outstanding and (iii) an unlimited number of shares of class B preference stock, without par value, of which 9,280 shares are issued and outstanding. The issued and outstanding 30,000 shares of Boreal common stock, 30,000 shares of Boreal class A preference stock and 9,280 shares of Boreal class B preference stock constitute the Boreal Shares. The Boreal Shares are owned beneficially and of record by Science Kit. All of the Boreal Shares have been duly authorized, are validly issued, fully paid and non-assessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights, exchange rights or other agreements or commitments to which Boreal or Science Kit is a party, or which are binding upon Boreal or Science Kit, providing for the issuance, disposition or acquisition of any of Boreal's capital stock or the conversion into or exchange for shares of capital stock or indebtedness of Boreal or other securities convertible into or exchangeable for shares of capital stock of Boreal. There are no outstanding contractual obligations of Boreal to repurchase, redeem or otherwise acquire any of the Boreal Shares.