Stereotaxis
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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 05/12/2004
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                                       17

ANNEX 1

DEVELOPMENT WORK

ADVANCED CARDIOLOGY CATH LAB DEVELOPMENT WORK RELATING TO PROPRIETARY SIEMENS 
REGISTERED IMAGING

Subject to the results of determining the feasibility of this project, image 
registration and integration of PROPRIETARY SIEMENS REGISTERED IMAGING that 
will include:

         1.       Allowing target based navigation from a CT or MRI
                  pre-operative image that is registered to the fluoroscopy
                  output. Included in this approach would be a fluoroscopy image
                  that is registered to a pre-operative image which in turn may
                  be registered to a Biosense CARTO map

Additional consideration will be given as to include navigational control using 
endocardial ultrasound

Common Stereotaxis/Siemens image integration specifications will be defined in 
the "Requirement Specification". This document will be jointly created and will 
be reviewed and released by both parties. The image integration will be tested 
in a "System test" applied to both the Stereotaxis and Siemens components of 
the ADVANCED CARDIOLOGY CATH LAB. Results have to be documented and are the 
base for a joint release for shipment to customers. Each of the two parties is 
responsible for their own component. Details will be agreed by a "collaborative 
3D engineering working group" to be established after signing of this Agreement.

[***]

ADVANCED IR LAB DEVELOPMENT WORK

Subject to the results of determining the feasibility of this project, common 
Stereotaxis/Siemens specifications for unique clinical solutions in 
interventional radiology comprised in the ADVANCED IR LAB will be defined in 
the "Requirement Specification". This document will be 


[*** 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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