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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;b&gt;&amp;#160;Note

      10.&amp;#160;&amp;#160;Subsequent Event&lt;/b&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 18pt; MARGIN: 0pt" id="PARA6898"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Pursuant

      to a separation and release agreement dated July 1, 2013, Ms.

      Cynthia Ansari resigned from the Vision-Sciences, Inc. Board

      of Directors. Previously, Ms. Ansari indicated her intention

      to resign as the Company&amp;#8217;s Chief Executive Officer and

      President on April 30, 2013, which was accepted by the Board

      of Directors on May 9, 2013. Ms. Ansari&amp;#8217;s resignation

      from the Board was not due to any disagreement with the

      Company or concerns relating to the Company&amp;#8217;s

      operations, policies or practices. Under the separation and

      release agreement, Ms. Ansari is entitled to receive six

      months of severance pay and twelve months of medical

      benefits, totaling approximately $190, which was recorded in

      the quarter ended June 30, 2013. The agreement also provides

      for the lapse of restrictions of 25,126 shares of restricted

      stock held by Ms. Ansari and the ability to exercise her

      vested options to purchase 375,000 shares of common stock, at

      an exercise price of $2.22 per share, through July 9,

      2014.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 18pt; MARGIN: 0pt" id="PARA7181"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Pursuant

      to a separation and release agreement dated July 1, 2013, Ms.

      Cynthia Ansari resigned from the Vision-Sciences, Inc. Board

      of Directors. Previously, Ms. Ansari indicated her intention

      to resign as the Company&amp;#8217;s Chief Executive Officer and

      President on April 30, 2013, which was accepted by the Board

      of Directors on May 9, 2013. Ms. Ansari&amp;#8217;s resignation

      from the Board was not due to any disagreement with the

      Company or concerns relating to the Company&amp;#8217;s

      operations, policies or practices. Under the separation and

      release agreement, Ms. Ansari is entitled to receive six

      months of severance pay and twelve months of medical

      benefits, totaling approximately $190, which was recorded in

      the quarter ended June 30, 2013. The agreement also provides

      for the lapse of restrictions of 25,126 shares of restricted

      stock held by Ms. Ansari and the ability to exercise her

      vested options to purchase 375,000 shares of common stock, at

      an exercise price of $2.22 per share, through July 9,

      2014.&lt;/font&gt;

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