Stereotaxis
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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 05/12/2004
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                  (iv)  will not be taken to include imaging solutions that have
                        become common practice or commonly available in the cath
                        lab industry.

         1.122.   Carrying out of the DEVELOPMENT WORK

         2.1      Details of the DEVELOPMENT WORK are set forth in Annex 1 
                  hereto, which may be amended from time to time in writing by 
                  the parties.

         2.2      [***]

         2.3      [***]

         2.4      The ADVANCED CARDIOLOGY CATH LAB DEVELOPMENT WORK will be 
                  undertaken by the parties in an expeditious fashion and the 
                  parties will use all reasonable commercial efforts to achieve 
                  completion of such work so as to enable the commercial 
                  introduction of the ADVANCED CARDIOLOGY CATH LAB during 2004. 
                  The ADVANCED CARDIOLOGY CATH LAB DEVELOPMENT WORK shall be 
                  regarded as being completed successfully if ADVANCED 
                  CARDIOLOGY CATH LAB fulfills the specifications as agreed 
                  upon in accordance with Section 1.1 and when final system 
                  testing and readiness for shipment of the system to the 
                  customer is achieved.

         2.4.1    Stereotaxis agrees that from the date hereof until the 
                  expiration of the period of 12 months following the placement 
                  of the first ADVANCED CARDIOLOGY CATH LAB at a customer site 
                  or until year end 2005, whichever is the earlier, it will not 
                  place my NIOBE SYSTEMs or NEXT GENERATION NIOBE SYSTEMs that 
                  are integrated with a third party x-ray imaging system in a 
                  manner that incorporates registration to such x-ray imaging 
                  system of three dimensional pre-operative imaging so as to 
                  provide advanced electrophysiology solutions that are 
                  substantially comparable to advanced electrophysiology 
                  solutions provided by the ADVANCED CARDIOLOGY CATH LAB by 




[*** 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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