Stereotaxis
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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 05/12/2004
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             SECTION 3 FINANCIAL CONSIDERATION AND PAYMENT SCHEDULE

3.1   According to the performance of the research collaboration, Siemens AG/
      Stereotaxis will provide proresearch with the equipments needed by the
      investigators site to carry out the Research Program. The conditions of
      acquirement are agreed upon by the above mentioned attachments
      ("Attachment") to this Research Agreement.

3.2   The costs for the operating Laboratory are:


<TABLE>
<S>                                                                       <C>
Axiom Artis                                                                     [***]
NewCor                                                                          [***]
Niobe                                                                           [***]
Additional equipment                                                            [***]
Building of the laboratory                                                      [***]
                                                                          -----------
                                                                                [***]

Financial Support for Research projects Stereotaxis Inc.                        [***]
Financial Support for Research projects Siemens Med                             [***]
</TABLE>


      (the first rate of [***] for research efforts will be paid by Siemens
      Med within 30 days after acceptance of the system)


<TABLE>
<S>                                                                             <C>
Cost for the Niobe / Artis Laboratory including all services                           [***]
VAT                                                                                    [***]
Total amount incl. VAT                                                                 [***]
</TABLE>


 3.3  For the performance of Research Projects and Clinical Studies proresearch
      will be entitled to the financial compensation according the Payment
      Schedules listed in the Subagreements. The consideration will be remitted
      to the proresearch bank account. Further fee claims are excluded, in
      particular any separate fee agreements with the Director of the Center of
      Excellence or his employees. Payments/ Benefits in kind (congress fees,
      Investigator meetings, appliances etc.) for employees and/ or the
      performing department must be approved by proresearch.

          SECTION 4 OWNERSHIP OF DATA, CONFIDENTIALITY AND PUBLICATION

 4.1  Ownership. All case report forms and other data generated according to the
      Protocol of a Research Project or a Clinical Study (the "Data"), shall be
      the property of the Sponsor of the Subagreement, which may utilize the
      Data in any way it deems appropriate, with the exception that the Sponsor
      shall not sell, transfer, publish, disclose or otherwise make available
      the Data to a competitor of Siemens or Stereotaxis.

[*** Indicates portions of this exhibit that have been omitted and filed
separately with the Securities and Exchange Commission pursuant to a request for
confidential treatment.]

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