EIGHTH LOAN MODIFICATION AGREEMENT (DOMESTIC)

     This Eighth Loan Modification Agreement (Domestic) (this “Loan Modification
Agreement”) is entered into as of August 30, 2013 (the “Eighth Loan Modification
(Domestic) Effective Date”), by and between SILICON VALLEY BANK, a California
corporation, with its principal place of business at 3003 Tasman Drive, Santa
Clara, California 95054 and with a loan production office located at 380
Interlocken Crescent, Suite 600, Broomfield, Colorado 80021 (“Bank”),
STEREOTAXIS, INC., a Delaware corporation (“Stereotaxis”), and STEREOTAXIS
INTERNATIONAL, INC., a Delaware corporation, each with offices located at 4320
Forest Park Avenue, Suite 100, St. Louis, Missouri 63108 (“International”, and
together with Stereotaxis, individually and collectively, jointly and severally,
“Borrower”).

1. DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. Among other
indebtedness and obligations which may be owing by Borrower to Bank, Borrower is
indebted to Bank pursuant to a loan arrangement dated as of November 30, 2011,
evidenced by, among other documents, (i) a certain Second Amended and Restated
Loan and Security Agreement (Domestic) dated as of November 30, 2011, as amended
by a certain First Loan Modification Agreement (Domestic), dated as of March 30,
2012, as further amended by a certain Second Loan Modification and Waiver
Agreement (Domestic), dated as of May 1, 2012, as further amended by a certain
Third Loan Modification Agreement, dated as of May 7, 2012, as further amended
by a certain Fourth Loan Modification Agreement (Domestic), dated as of December
28, 2012 as further amended by a certain Fifth Loan Modification Agreement
(Domestic), dated as of March 29, 2013 as further mended by a certain Sixth Loan
Modification and Waiver Agreement (Domestic), dated as of June 28, 2013, and as
further amended by a certain Seventh Loan Modification and Waiver Agreement
(Domestic), dated as of July 31, 2013 (as may be amended from time to time, the
“Loan Agreement”) and (ii) a certain Amended and Restated Export-Import Bank
Loan and Security Agreement, dated as of November 30, 2011, as amended by a
certain Export-Import Bank First Loan Modification Agreement, dated as of March
30, 2012, as amended by that certain Export-Import Bank Second Loan Modification
and Waiver Agreement, dated as of May 1, 2012, as further amended by that
certain Export-Import Bank Third Loan Modification Agreement, dated as of May 7,
2012, as further amended by a certain Export-Import Bank Fourth Loan
Modification Agreement, dated as of March 29, 2013, as further mended by a
certain Export-Import Bank Fifth Loan Modification Agreement, dated as of June
28, 2013, as further amended by a certain Export-Import Bank Sixth Loan
Modification Agreement, dated as of July 31, 2013 and as further amended by a
certain Export-Import Bank Seventh Loan Modification Agreement dated as of the
date hereof (as may be amended from time to time, the “EXIM Bank Loan and
Security Agreement”), in each case between Borrower and Bank. Capitalized terms
used but not otherwise defined herein shall have the same meaning as in the Loan
Agreement.

2. DESCRIPTION OF COLLATERAL. Repayment of the Obligations is secured by the
Collateral as described in the Loan Agreement and the EXIM Bank Loan and
Security Agreement, and the “Intellectual Property Collateral” as described in
those certain IP Security Agreements, entered into by each Borrower and Bank,
dated as of November 30, 2011 (together with any other collateral security
granted to Bank, the “Security Documents”).

Hereinafter, the Security Documents, together with all other documents
evidencing or securing the Obligations shall be referred to as the “Existing
Loan Documents”.

3.      DESCRIPTION OF CHANGE IN TERMS.     A.      Modifications to Loan
Agreement.      1      The Loan Agreement shall be amended by deleting the
following text appearing as Section 2.1.2(b) thereof:  

“(b) Prepayments. The Term Loan may be prepaid, in whole or in part, prior to
the Term Loan Maturity Date by Borrower, effective three (3) Business Days after
written notice of such prepayment is given to Bank. Notwithstanding any such
prepayment, Bank’s lien and security interest in the Collateral shall continue
until Borrower fully satisfies all Obligations. If such prepayment is at
Borrower’s election or at Bank’s election due to the occurrence and continuance
of an Event of Default, Borrower shall

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  pay to Bank, in addition to the payment of any other expenses or fees
then-owing, a prepayment premium in an amount equal to (i) if such prepayment
occurs on or prior to December 16, 2011, Three Hundred Thousand Dollars
($300,000) (i.e. three percent (3.00%) of Ten Million Dollars ($10,000,000));
(ii) if such prepayment occurs (X) on or after December 17, 2011 and (Y) on or
prior to December 16, 2012, Two Hundred Thousand Dollars ($200,000) (i.e. two
percent (2.00%) of Ten Million Dollars ($10,000,000)); and (iii) if such
prepayment occurs (X) on or after December 17, 2012 and (Y) prior to the Term
Loan Maturity Date, One Hundred Thousand Dollars ($100,000) (i.e. one percent
(1.00%) of Ten Million Dollars ($10,000,000)); provided that no prepayment
premium shall be charged if the Term Loan is replaced with a new facility from
Bank or another division of Bank.”     and inserting in lieu thereof the
following:     “(b) Prepayments. The Term Loan may be prepaid, in whole or in
part, prior to the Term Loan Maturity Date by Borrower, effective three (3)
Business Days after written notice of such prepayment is given to Bank.
Notwithstanding any such prepayment, Bank’s lien and security interest in the
Collateral shall continue until Borrower fully satisfies all Obligations.”   2 
    The Loan Agreement shall be amended by deleting the following text appearing
as Section 2.1.3 thereof in its entirety:     “2.1.3 Guaranteed Line.  

     (a) Availability. Subject to the terms and conditions of this Agreement and
to deduction of Reserves, Bank shall make Guaranteed Advances to Borrower up to
the Guaranteed Line. Amounts borrowed under the Guaranteed Line may be repaid,
and prior to the Revolving Line Maturity Date, reborrowed, subject to the
applicable terms and conditions precedent herein.

     (b) Termination; Repayment. The Guaranteed Line terminates on the earlier
to occur of (i) the termination of the Sanderling Guaranty or the Alafi Guaranty
and (ii) Revolving Line Maturity Date, when the principal amount of all
Advances, the unpaid interest thereon, and all other Credit Extensions shall be
immediately due and payable.”

3      The Loan Agreement shall be amended by deleting the following text
appearing as Sections 2.2 thereof:  

“2.2 Overadvances. If, at any time the sum of (a) the outstanding amount of any
Advances plus (b) the outstanding amount of any Guaranteed Advances plus (c) the
outstanding amount of any Advances (as such term is defined in the EXIM Loan
Agreement) exceeds the lesser of either the Revolving Line or the Borrowing Base
(such excess amount being an “Overadvance”), Borrower shall immediately pay to
Bank in cash such Overadvance. Without limiting Borrower’s obligation to repay
Bank any amount of the Overadvance, Borrower agrees to pay Bank interest on the
outstanding amount of any Overadvance, on demand, at the Default Rate.”

  and inserting in lieu thereof the following:

“2.2 Overadvances. If, at any time the sum of (a) the outstanding amount of any
Advances plus (b) the outstanding amount of any Advances (as such term is
defined in the EXIM Loan Agreement) exceeds the lesser of either the Revolving
Line or the Borrowing Base (such excess amount being an “Overadvance”), Borrower
shall immediately pay to Bank in cash such Overadvance. Without limiting
Borrower’s

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  obligation to repay Bank any amount of the Overadvance, Borrower agrees to pay
Bank interest on the outstanding amount of any Overadvance, on demand, at the
Default Rate.”   4      The Loan Agreement shall be amended by deleting the
following text appearing as Sections 2.3(a)(i) and (a)(ii) thereof:  

     “(i) Advances. Subject to Section 2.3(b), the principal amount outstanding
under the Revolving Line (other than Guaranteed Advances) shall accrue interest
at a floating per annum rate equal to the greater of (X) the aggregate of the
Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven
percent (7.00%), which interest shall be payable monthly, in arrears, in
accordance with Section 2.3(f) below.

     (ii) Guaranteed Advances. Subject to Section 2.3(b), the principal amount
outstanding under the Guaranteed Line shall accrue interest at a floating per
annum rate equal to the greater of (X) the aggregate of the Prime Rate plus
one-half of one percent (0.50%) and (Y) six percent (6.00%), which interest
shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.”

  and inserting in lieu thereof the following:

     “(i) Advances. Subject to Section 2.3(b), the principal amount outstanding
under the Revolving Line shall accrue interest at a floating per annum rate
equal to the greater of (X) the aggregate of the Prime Rate plus one and
three-fourths of one percent (1.75%) and (Y) seven percent (7.00%), which
interest shall be payable monthly, in arrears, in accordance with Section 2.3(f)
below.

  (ii) Reserved.”

5      The Loan Agreement shall be amended by deleting the following text
appearing as Sections 2.4(b) thereof:  

“(b) Termination Fee. Subject to (i) the terms of Section 12.1 with respect to
the Revolving Line and (ii) the terms of Section 2.1.2(b) with respect to the
Term Loan 2010, a termination/prepayment fee;”

  and inserting in lieu thereof the following:

“(b) Termination Fee. Subject to the terms of Section 12.1 with respect to the

  Revolving Line, a termination/prepayment fee;”

6      The Loan Agreement shall be amended by deleting the following text
appearing as Sections 6.9 thereof:     “6.9 Financial Covenant.  

     Borrower shall maintain at all times, to be tested as of the last day of
each month, unless otherwise indicated below:

     (a) Tangible Net Worth. Borrower shall maintain a minimum Tangible Net
Worth, tested quarterly, as of the last day of each fiscal quarter, of not less
than (no worse than) ($25,000,000); provided that in the event that Guaranteed
Advances are no longer available under the Guaranteed Line, the foregoing
covenant level shall be adjusted by Bank, in its good faith business judgment.
Such Tangible Net Worth requirements set forth above shall be increased by (i)
seventy five percent (75%) of the net proceeds from issuances of equity
securities of the Borrower and/or Subordinated Debt (other than the Cowen
Indebtedness and the proceeds previously from the 2012 Equity Event as of the
Third Loan Modification (Domestic) Effective Date) issued or

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incurred after the Fourth Loan Modification (Domestic) Effective Date; plus (ii)
fifty percent (50%) of positive quarterly Net Income.

     (b) Liquidity Ratio. Borrower shall maintain (i) at all times during the
months of January, February, April, May, July, August, October and November of
each fiscal year, a Liquidity Ratio of not less than 1.25:1.00; and (ii) at all
times during the months of March, June, September and December of each fiscal
year, a Liquidity Ratio of not less than 1.50:1.00, it being understood that
Short Term Advances shall be excluded from the foregoing calculation.

     (c) 2012 Equity Event. On or prior to the Third Loan Modification
(Domestic) Effective Date, Borrower shall provide Bank evidence satisfactory to
Bank, in its sole discretion, that Borrower has received not less than Fifteen
Million Five Hundred Thousand Dollars ($15,500,000) in net proceeds from the
2012 Equity Event.”

  and inserting in lieu thereof the following:

“6.9 Financial Covenant.

     Borrower shall maintain at all times, to be tested as of the last day of
each month, unless otherwise indicated below:

     (a) Minimum EBITDA. A minimum EBITDA, tested quarterly on a trailing three
month basis, as of the last day of each fiscal quarter, of no less than (no
worse than) (i) ($4,000,000) for the trailing three-month period ending
September 30, 2013 and (ii) ($3,000,000) for the trailing three-month period
ending December 31, 2013.

     (b) Liquidity Ratio. A Liquidity Ratio of greater than 2.00:1.00, it being
understood that Short Term Advances shall be excluded from the foregoing
calculation.”

7      The Loan Agreement shall be amended by deleting the following text
appearing as Sections 6.13 thereof:  

“6.13 Sanderling Liquidity. Sanderling shall maintain at all times (i) a minimum
remaining Callable Capital ratio of not less than 2:00:1.00; and (ii) Callable
Capital tested quarterly, as of the last day of each fiscal quarter of the
Borrower (or more frequently as Bank shall determine necessary), of at least two
(2) times the sum of (i) Sanderling’s Guaranty Obligations (as defined in the
Sanderling Guaranty) plus (ii) all other Contingent Obligations of Sanderling.”

  and inserting in lieu thereof the following:

  “6.13 Reserved”

8      The Loan Agreement shall be amended by deleting the following text
appearing as Sections 6.14 thereof:  

“6.14 Alafi Letter of Credit. Alafi shall not cancel or allow the Alafi Letter
of Credit to expire (unless a renewal letter of credit, in form and substance
acceptable to Bank, in its reasonable discretion, is executed prior to such
cancellation or expiration).”

  and inserting in lieu thereof the following:

  “6.14 Reserved”

9      The Loan Agreement shall be amended by deleting the following text
appearing as Sections 7.8 thereof:  

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  “7.8 Transactions with Affiliates. Directly or indirectly enter into or permit
to exist any material transaction with any Affiliate of Borrower, except for (i)
transactions that are in the ordinary course of Borrower’s business, upon fair
and reasonable terms that are no less favorable to Borrower than would be
obtained in an arm’s length transaction with a non-affiliated Person (ii)
issuances of Warrants from time to time; and (iii) the payment of fees and
expenses in connection with the Alafi Guaranty and/or the Sanderling Guaranty,
in a maximum amount not to exceed One Hundred Fifty Thousand Dollars ($150,000)
in any fiscal year.”     and inserting in lieu thereof the following:     “7.8
Transactions with Affiliates. Directly or indirectly enter into or permit to
exist any material transaction with any Affiliate of Borrower, except for (i)
transactions that are in the ordinary course of Borrower’s business, upon fair
and reasonable terms that are no less favorable to Borrower than would be
obtained in an arm’s length transaction with a non-affiliated Person and (ii)
issuances of Warrants from time to time.”   10      The Loan Agreement shall be
amended by inserting the following new definition in Section 13.1 thereof, in
its appropriate alphabetical order:     “EBITDA” is, for any period, (a) Net
Income, plus (b) Interest Expense, plus (c) to the extent deducted in the
calculation of Net Income, depreciation expense and amortization expense, plus
(d) income tax expense, plus (e) non-cash stock compensation expense, plus (f)
non-cash warrant liability and non-cash convertible debt expense.     “Eighth
Loan Modification (Domestic) Effective Date” is August __, 2013.     “Interest
Expense” means for any fiscal period, interest expense (whether cash or non-
cash) determined in accordance with GAAP for the relevant period ending on such
date, including, in any event, interest expense with respect to any Credit
Extension and other Indebtedness of Borrower and its Subsidiaries, including,
without limitation or duplication, all commissions, discounts, or related
amortization and other fees and charges with respect to letters of credit and
bankers’ acceptance financing and the net costs associated with interest rate
swap, cap, and similar arrangements, and the interest portion of any deferred
payment obligation (including leases of all types).     “Net Income” means, as
calculated on a consolidated basis for Borrower and its Subsidiaries for any
period as at any date of determination, the net profit (or loss), after
provision for taxes, of Borrower and its Subsidiaries for such period taken as a
single accounting period.   11      The Loan Agreement shall be amended by
deleting the following definitions appearing in Section 13.1 thereof:    
“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the
aggregate of (X) the Borrowing Base plus (Y) the Guaranteed Line; minus (b) the
outstanding principal balance of any Advances; minus (c) the outstanding
principal balance of any Guaranteed Advances. The aggregate amount of all Credit
Extensions (other than outstanding principal under the Term Loan) under this
Agreement outstanding at any time, together with all outstanding Advances (as
defined in the EXIM Loan Agreement) under the EXIM Loan Agreement outstanding at
any time shall not exceed Six Million Dollars ($6,000,000).  

“Borrowing Base” is (a) without duplication, eighty percent (80%) of Eligible
Accounts plus (b) the lesser of (i) forty percent (40%) of the value of
Borrower’s Eligible Inventory (valued at the lower of cost or wholesale fair
market value) or (ii) One Million Dollars ($1,000,000), in each case as
determined by Bank from Borrower’s most recent Borrowing Base Certificate;
provided, however, that Bank may decrease the foregoing amounts and/or
percentages in its good faith business judgment based on events,

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conditions, contingencies, or risks which, as determined by Bank, may adversely
affect the value of the Collateral.

“Credit Extension” is any Advance, Guaranteed Advance, Term Loan, Letter of
Credit, EXIM Loan, foreign exchange forward contract, amount utilized for cash
management services, or any other extension of credit by Bank for Borrower’s
benefit.

“Guarantor” is any present or future guarantor of the Obligations, including,
without limitation, Alafi and Sanderling.

“Guaranty” means (i) on the Effective Date, each of the Sanderling Guaranty and
the Alafi Guaranty; and (ii) thereafter, any other guaranty agreement executed
by any other Guarantor in favor of Bank.

“Liquidity Ratio” is, as of any date of measurement, (X) the sum of (i)
Borrower’s unrestricted cash at Bank plus (ii) Borrower’s Eligible Accounts
(excluding, without limitation, the Biosense Accounts) plus (iii) Borrower’s
Eligible EXIM Accounts plus (iv) the unused available amount under the
Guaranteed Line; divided by (Y) total outstanding Obligations of Borrower owed
to Bank.

“Loan Documents” are, collectively, this Agreement, any Bank Services Agreement,
the EXIM Loan Documents, the Perfection Certificate, the IP Agreement, the Cowen
Intercreditor Agreement, the Subordination Agreement, if any, any note or notes,
the Sanderling Guaranty, the Alafi Guaranty, the Alafi Letter of Credit, any
other guaranties executed by Borrower or any Guarantor, and any other present or
future agreement between Borrower any Guarantor and/or for the benefit of Bank
in connection with this Agreement and/or any Bank Services, all as amended,
restated, or otherwise modified.

“Revolving Line” is an Advance or Advances (including, without limitation,
Guaranteed Advances and Advances made pursuant to the EXIM Loan Agreement) in an
aggregate amount outstanding at any time under this Agreement and the EXIM Loan
Agreement of up to Six Million Dollars ($6,000,000).

“Revolving Line Maturity Date” is August 31, 2013.”

and inserting in lieu thereof the following:

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the
Borrowing Base; minus (b) the outstanding principal balance of any Advances. The
aggregate amount of all Credit Extensions (other than outstanding principal
under the Term Loan) under this Agreement outstanding at any time, together with
all outstanding Advances (as defined in the EXIM Loan Agreement) under the EXIM
Loan Agreement outstanding at any time shall not exceed Three Million Dollars
($3,000,000); provided, that, no Advances (as defined in the EXIM Loan
Agreement) shall be available under the EXIM Loan Agreement until such time as
Bank has received and accepted a written commitment and approval from EXIM Bank,
authorizing the EXIM Loans through the Revolving Line Maturity Date.

“Borrowing Base” is (a) without duplication, eighty percent (80%) of Eligible
Accounts plus (b) the lesser of (i) forty percent (40%) of the value of
Borrower’s Eligible Inventory (valued at the lower of cost or wholesale fair
market value) or (ii) Five Hundred Thousand Dollars ($500,000), in each case as
determined by Bank from Borrower’s most recent Borrowing Base Certificate;
provided, however, that Bank may decrease the foregoing amounts and/or
percentages in its good faith business judgment based on events, conditions,
contingencies, or risks which, as determined by Bank, may adversely affect the
value of the Collateral.

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  “Credit Extension” is any Advance, Term Loan, Letter of Credit, EXIM Loan,
foreign exchange forward contract, amount utilized for cash management services,
or any other extension of credit by Bank for Borrower’s benefit.     “Guarantor”
is any present or future guarantor of the Obligations.     “Guaranty” means any
guaranty agreement executed by any Guarantor in favor of Bank.     “Liquidity
Ratio” is, as of any date of measurement, (X) the sum of (i) Borrower’s
unrestricted cash at Bank plus (ii) Borrower’s Eligible Accounts (excluding,
without limitation, the Biosense Accounts) plus (iii) Borrower’s Eligible EXIM
Accounts; divided by (Y) total outstanding Obligations of Borrower owed to Bank.
    “Loan Documents” are, collectively, this Agreement, any Bank Services
Agreement, the EXIM Loan Documents, the Perfection Certificate, the IP
Agreement, the Cowen Intercreditor Agreement, the Subordination Agreement, if
any, any note or notes, any other guaranties executed by Borrower or any
Guarantor, and any other present or future agreement between Borrower any
Guarantor and/or for the benefit of Bank in connection with this Agreement
and/or any Bank Services, all as amended, restated, or otherwise modified.    
“Revolving Line” is an Advance or Advances (including, without limitation
Advances made pursuant to the EXIM Loan Agreement) in an aggregate amount
outstanding at any time under this Agreement and the EXIM Loan Agreement of up
to Three Million Dollars ($3,000,000).     “Revolving Line Maturity Date” is
March 31, 2014.”   12      The Loan Agreement shall be amended by deleting the
following definitions appearing in Section 13.1 thereof:     “Alafi” is Alafi
Capital Company, LLC, a California limited liability company.     “Alafi
Guaranty” is that certain Second Amended and Restated Guaranty, executed by
Alafi and dated as of November 30, 2011, as the same may be amended from time to
time.     “Alafi Letter of Credit” is that certain $5,000,000 Stand-by Letter of
Credit issued by U.S. Bank, on the account of Alafi, or any principal thereof,
for the benefit of Bank, dated on or before the Effective Date, and any
replacement or renewal thereof, in each case in form and substance acceptable to
Bank, in its reasonable discretion.     “Callable Capital” is the remaining
amount of capital, excluding capital attributable to Defaulting Partners which
Sanderling would be able to obtain from the general partner and the limited
partners thereof, without condition, upon the proper issuance of capital call
notices in accordance with the partnership agreement.     “Guaranteed Advance”
or “Guaranteed Advances” is a loan advance (or advances) under the Guaranteed
Line.     “Guaranteed Line” is a sublimit of the Revolving Line, consisting of a
Guaranteed Advance or Guaranteed Advances of up to Three Million Dollars
($3,000,000), in each case guaranteed by each of Sanderling and Alafi in
accordance with the terms of the Sanderling Guaranty and the Alafi Guaranty,
respectively.  

“Sanderling” is Sanderling Venture Partners VI Co-Investment Fund, L.P., a
California limited partnership.

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  “Sanderling Guaranty” is that certain Third Amended and Restated Guaranty,
executed by Sanderling and dated as of December 28, 2012, as the same may be
amended from time to time.     “Tangible Net Worth” is, on any date, the
consolidated total assets of Borrower and its Subsidiaries plus (a) Subordinated
Debt (other than the Cowen Indebtedness), minus (b) any amounts attributable to
(i) goodwill, (ii) intangible items including unamortized debt discount and
expense, patents, trade and service marks and names, copyrights and capitalized
research and development expenses (except prepaid expenses), (iii) notes,
accounts receivable and other obligations owing to Borrower from its officers or
other Affiliates, and (iv) reserves not already deducted from assets, minus (c)
Total Liabilities (including, without limitation, the Cowen Indebtedness), plus
(d) mark-to-market liabilities established in accordance with GAAP as a result
of non-cash, mark-to-market adjustments, of the value of warrants and other
derivative liabilities of the Borrower.     “Total Liabilities” is on any day,
obligations that should, under GAAP, be classified as liabilities on Borrower’s
consolidated balance sheet, including all Indebtedness, including, without
limitation, all Credit Extensions.   13      The Loan Agreement shall be amended
by deleting the Exhibit B attached thereto and inserting Exhibit B as attached
hereto.  

4. FEES. Borrower shall pay to Bank a modification fee equal to Twenty-Six
Thousand Two Hundred Fifty Dollars ($26,250), which fee shall be due and payable
on the date hereof and shall be non-refundable and deemed fully earned as of the
date hereof. In addition, Borrower shall pay to Bank a fee equal to Fifty
Thousand Dollars ($50,000) (which includes the payment of (i) Twenty Five
Thousand Dollars ($25,000) referenced in Section 5 of the Seventh Loan
Modification (Domestic) and (ii) Twenty Five Thousand Dollars ($25,000)
referenced in Section 5 of the Sixth Loan Modification (Domestic)), which fee
shall be due and payable on the date hereof and shall be non-refundable and
deemed fully earned as of the date hereof. Once paid, the fees shall be
non-refundable. Borrower shall also reimburse Bank for all legal fees and
expenses incurred in connection with the Existing Loan Documents and this Loan
Modification Agreement.

5. CONDITIONS PRECEDENT. Borrower hereby agrees that the following documents
shall be delivered to the Bank prior to or concurrently with the Eighth Loan
Modification (Domestic) Effective Date, each in form and substance satisfactory
to the Bank (collectively, the “Conditions Precedent”):

A.      Bank shall have received satisfactory evidence that all amounts due and
payable under the Guaranteed Line, including any accrued interest, fees and
expenses, have been paid in full.   B.      copies, certified by a duly
authorized officer of each Borrower, to be true and complete as of the date
hereof, of each of (i) the governing documents of each Borrower as in effect on
the date hereof (but only to the extent modified since last delivered to the
Bank), (ii) the resolutions of each Borrower authorizing the execution and
delivery of this Loan Modification Agreement, the other documents executed in
connection herewith and each Borrower’s performance of all of the transactions
contemplated hereby (but only to the extent required since last delivered to
Bank), and (iii) an incumbency certificate giving the name and bearing a
specimen signature of each individual who shall be so authorized on behalf of
each Borrower (but only to the extent any signatories have changed since such
incumbency certificate was last delivered to Bank);   C.      duly executed and
delivered Reaffirmation of Intercreditor Agreement from Healthcare Royalty
Partners II, L.P.; and   D.      such other documents as Bank may request, in
its reasonable discretion.  

6. ADDITIONAL COVENANTS; RATIFICATION OF PERFECTION CERTIFICATE. Borrower is not
a party to, nor is bound by, any license or other agreement with respect to
which Borrower is the licensee (a) that prohibits or otherwise restricts
Borrower from granting a security interest in Borrower’s interest in such
license or

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agreement or any other property, or (b) for which a default under or termination
of could interfere with the Bank’s right to sell any Collateral. Borrower shall
provide written notice to Bank within ten (10) days of entering or becoming
bound by any such license or agreement (other than over-the-counter software
that is commercially available to the public). Borrower shall take such steps as
Bank requests to obtain the consent of, or waiver by, any person whose consent
or waiver is necessary for (x) all such licenses or contract rights to be deemed
“Collateral” and for Bank to have a security interest in it that might otherwise
be restricted or prohibited by law or by the terms of any such license or
agreement (such consent or authorization may include a licensor’s agreement to a
contingent assignment of the license to Bank if Bank determines that is
necessary in its good faith judgment), whether now existing or entered into in
the future, and (y) Bank to have the ability in the event of a liquidation of
any Collateral to dispose of such Collateral in accordance with Bank’s rights
and remedies under the Loan Agreement and the other Loan Documents. Borrower
hereby ratifies, confirms and reaffirms, all and singular, the terms and
disclosures contained in a certain Perfection Certificate, dated as of November
30, 2011, as amended and supplemented through and as of the Eighth Loan
Modification (Domestic) Effective Date with the disclosures attached as Exhibit
A hereto, if any, and acknowledges, confirms and agrees the disclosures and
information above Borrower provided to Bank in the Perfection Certificate as so
updated remain true and correct in all material respects as of the date hereof.

7. AUTHORIZATION TO FILE. Borrower hereby authorizes Bank to file UCC financing
statements without notice to Borrower, with all appropriate jurisdictions, as
Bank deems appropriate, in order to further perfect or protect Bank’s interest
in the Collateral, including a notice that any disposition of the Collateral, by
either the Borrower or any other Person, shall be deemed to violate the rights
of the Bank under the Code.

8. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever
necessary to reflect the changes described above.

9. RATIFICATION OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and
reaffirms all terms and conditions of each of the Loan Documents and all
security or other collateral granted to the Bank, and confirms that the
indebtedness secured thereby includes, without limitation, the Obligations.

10. NO DEFENSES OF BORROWER. Borrower hereby acknowledges and agrees that
Borrower has no offsets, defenses, claims, or counterclaims against Bank with
respect to the Obligations, or otherwise, and that if Borrower now has, or ever
did have, any offsets, defenses, claims, or counterclaims against Bank, whether
known or unknown, at law or in equity, all of them are hereby expressly WAIVED
and Borrower hereby RELEASES Bank from any liability thereunder.

11. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the
existing Obligations, Bank is relying upon Borrower’s representations,
warranties, and agreements, as set forth in the Existing Loan Documents. Except
as expressly modified pursuant to this Loan Modification Agreement, the terms of
the Existing Loan Documents remain unchanged and in full force and effect.
Bank’s agreement to modifications to the existing Obligations pursuant to this
Loan Modification Agreement in no way shall obligate Bank to make any future
modifications to the Obligations. Nothing in this Loan Modification Agreement
shall constitute a satisfaction of the Obligations. It is the intention of Bank
and Borrower to retain as liable parties all makers of Existing Loan Documents,
unless the party is expressly released by Bank in writing. No maker will be
released by virtue of this Loan Modification Agreement.

12. RIGHT OF SET-OFF. In consideration of Bank’s agreement to enter into this
Loan Modification Agreement, Borrower hereby reaffirms and hereby grants to
Bank, a lien, security interest and right of set off as security for all
Obligations to Bank, whether now existing or hereafter arising upon and against
all deposits, credits, collateral and property, now or hereafter in the
possession, custody, safekeeping or control of Bank or any entity under the
control of Silicon Valley Bank (including a Bank subsidiary) or in transit to
any of them. At any time after the occurrence and during the continuance of an
Event of Default, without demand or notice, Bank may set off the same or any
part thereof and apply the same to any liability or obligation of Borrower even
though unmatured and regardless of the adequacy of any other collateral securing
the loan. ANY AND ALL RIGHTS TO REQUIRE BANK TO EXERCISE ITS RIGHTS OR REMEDIES
WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO
EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER
PROPERTY OF BORROWER, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.

9

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13. CONFIDENTIALITY. Bank may use confidential information for the development
of databases, reporting purposes, and market analysis, so long as such
confidential information is aggregated and anonymized prior to distribution
unless otherwise expressly permitted by Borrower. The provisions of the
immediately preceding sentence shall survive the termination of the Loan
Agreement.

14. JURISDICTION/VENUE/TRIAL WAIVER. Borrower accepts for itself and in
connection with its properties, unconditionally, the exclusive jurisdiction of
any state or federal court of competent jurisdiction in the State of Illinois in
any action, suit, or proceeding of any kind against it which arises out of or by
reason of this Loan Modification Agreement. NOTWITHSTANDING THE FOREGOING, THE
BANK SHALL HAVE THE RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST THE BORROWER
OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION WHICH THE BANK DEEMS
NECESSARY OR APPROPRIATE IN ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE
ENFORCE THE BANK’S RIGHTS AGAINST THE BORROWER OR ITS PROPERTY. TO THE EXTENT
PERMITTED BY APPLICABLE LAW, BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS LOAN
MODIFICATION AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION,
INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A
MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS LOAN MODIFICATION
AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL.

15. COUNTERSIGNATURE. This Loan Modification Agreement shall become effective
only when it shall have been executed by Borrower and Bank.

[The remainder of this page is intentionally left blank]

10

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as a sealed instrument under the laws of the State of Illinois as of
the Eighth Loan Modification (Domestic) Effective Date.

BORROWER:

STEREOTAXIS, INC.

By /s/ Martin C. Stammer
Name: Martin C. Stammer
Title: Chief Financial Officer

STEREOTAXIS INTERNATIONAL, INC.

By /s/ Martin C. Stammer
Name: Martin C. Stammer
Title: President and Treasurer

BANK:

SILICON VALLEY BANK

By /s/ Tom Hertzberg
Name: Tom Hertzberg
Title: VP

[Signature page to Eighth Loan Modification Agreement (Domestic)]

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Exhibit A

Updates to Perfection Certificate, if any

(See attached.)

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    EXHIBIT B            COMPLIANCE CERTIFICATE      TO:    SILICON VALLEY BANK 
  Date:  FROM:    STEREOTAXIS, INC. and STEREOTAXIS INTERNATIONAL, INC.     

     The undersigned authorized officer of STEREOTAXIS, INC., a Delaware
corporation and STEREOTAXIS INTERNATIONAL, INC. (collectively, jointly and
severally, the “Borrower”) certifies that under the terms and conditions of the
Second Amended and Restated Loan and Security Agreement between Borrower and
Bank (as amended, the “Agreement”), (1) Borrower is in complete compliance for
the period ending
_______________
with all required covenants except as noted below, (2) there are no Events of
Default, (3) all representations and warranties in the Agreement are true and
correct in all material respects on this date except as noted below; provided,
however, that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by
materiality in the text thereof; and provided, further that those
representations and warranties expressly referring to a specific date shall be
true, accurate and complete in all material respects as of such date, (4)
Borrower, and each of its Subsidiaries, has timely filed all required tax
returns and reports, and Borrower has timely paid all foreign, federal, state
and local taxes, assessments, deposits and contributions owed by Borrower except
as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement,
and (5) no Liens have been levied or claims made against Borrower or any of its
Subsidiaries, if any, relating to unpaid employee payroll or benefits of which
Borrower has not previously provided written notification to Bank. Attached are
the required documents supporting the certification. The undersigned certifies
that these are prepared in accordance with generally GAAP consistently applied
from one period to the next except as explained in an accompanying letter or
footnotes. The undersigned acknowledges that no borrowings may be requested at
any time or date of determination that Borrower is not in compliance with any of
the terms of the Agreement, and that compliance is determined not just at the
date this certificate is delivered. Capitalized terms used but not otherwise
defined herein shall have the meanings given them in the Agreement.

Please indicate compliance status by circling Yes/No under “Complies” column.   
         

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                                             Reporting Covenant    Required   
Complies 

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   Monthly financial statements with    Monthly within 30 days           Yes   
No   Compliance Certificate                 

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 Annual financial statement (CPA Audited) + CC    FYE within120 days         
 Yes    No 

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 10-Q, 10-K and 8-K    Within 5 days after filing with SEC       Yes    No 

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 A/R & A/P Agings, Deferred Revenue and Inventory    Monthly within 30 days     
     Yes    No   Reports                 

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 Transaction Reports    Weekly, within 5 days           Yes    No 

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 Projections    Annually within 30 days prior to FYE       Yes    No 

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 10% of the outstanding balance of EXIM Bank accounts    Quarterly within 30
days       Yes    No   receivable                 

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       The following Intellectual Property was registered after the Effective
Date (if no registrations, state “None”)     

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                                                               Financial
Covenant    Required    Actual    Complies 

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   Maintain as indicated:                 

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 Minimum EBITDA (tested quarterly) *    $
_______    $
_______    Yes    No 

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 Minimum Liquidity Ratio** (tested monthly)    :1.00                     
 :1.00    Yes    No 

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*      See Section 6.9(a) of the Loan Agreement   **      See Section 6.9(b) of
the Loan Agreement  

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     The following financial covenant analyses and information set forth in
Schedule 1 attached hereto are true and accurate as of the date of this
Certificate.

     The following are the exceptions with respect to the certification above:
(If no exceptions exist, state “No exceptions to note.”)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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STEREOTAXIS, INC.    BANK USE ONLY      STEREOTAXIS INTERNATIONAL, INC.         
    Received by:     

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By:                                           AUTHORIZED SIGNER  Name:    Date: 
   

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Title:              Verified:     

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                                           AUTHORIZED SIGNER      Date:     

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      Compliance Status:    Yes No 

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Schedule 1 to Compliance Certificate

Financial Covenants of Borrower

Dated:

I. Minimum EBITDA (Section 6.9(a))

Required: A minimum EBITDA, tested quarterly on a trailing three month basis, as
of the last day of each fiscal quarter, of no less than (no worse than) (i)
($4,000,000) for the trailing three-month period ending September 30, 2013 and
(ii) ($3,000,000) for the trailing three-month period ending December 31, 2013.

Actual:           A.    Net Income    $   B.    Interest Expense    $   C.    to
the extent deducted in the calculation of Net Income, depreciation expense and
amortization    $      expense       D.    income tax expense    $   E.   
non-cash stock compensation expense    $   F.    non-cash warrant liability and
non-cash convertible debt expense    $   G.    EBITDA [the sum of lines A
through F]    $ 

Is line G no less than (no worse than)
___________
?

No, not in compliance

Yes, in compliance

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II. Liquidity Ratio (Section 6.9(b))

Required: A Liquidity Ratio of greater than 2.00:1.00, it being understood that
Short Term Advances shall be excluded from the foregoing calculation.

Actual:               A.    Borrower’s unrestricted cash at Bank        $   B. 
  Borrower’s Eligible Accounts (excluding the Biosense Accounts)        $   C. 
  Borrower’s Eligible EXIM Accounts        $   D.    LIQUIDITY [line A plus line
B plus line C]        $   E.    Total outstanding Obligations of Borrower owed
to Bank (other than Short Term Advances)    $   F.    LIQUIDITY RATIO [line D
divided by line E]        $    Is line F greater than 2.00:1.00?               
                           No, not in compliance    Yes, in compliance 

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