SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • February 25th, 2005 • Pell Lewis C • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of February 14, 2005, among Vision-Sciences, Inc., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”); and
COMMON STOCK PURCHASE WARRANT To Purchase 92,593 Shares of Common Stock of VISION-SCIENCES, INC.Common Stock Purchase Warrant • February 25th, 2005 • Pell Lewis C
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Lewis C. Pell (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the five year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Vision-Sciences, Inc., a Delaware corporation (the “Company”), up to 92,593 shares (the “Warrant Shares”) of Common Stock, par value $0.01 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
