Stereotaxis
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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 05/12/2004
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                                                                   EXHIBIT 10.20

                               RESEARCH AGREEMENT

                                     between

                                   SIEMENS AG
                                MEDICAL SOLUTIONS
                      SIEMENSSTRA(beta)E 1,91301 FORCHHEIM

                                 ("SIEMENS AG")

                                       AND

                                STEREOTAXIS, INC
                              4041 FOREST PARK AVE.
                                  ST. LOUIS, MO
                                      63108

                                 ("STEREOTAXIS")

                                       and

LANDESBETRIEB KRANKENHAUSER, BODY CORPORATE (LBK HAMBURG), REPRESENTED BY ITS
EXECUTIVE BOARD, REPRESENTED BY THE MANAGEMENT OF PRORESEARCH CLINICAL RESEARCH
AND DEVELOPMENT, RUBENKAMP 148,22291 HAMBURG, GERMANY

                                    ("PRORESEARCH")


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