Exhibit
10.1


 


September
26, 2018


 


Kevin
Barry


2200
S 2200 E


Salt
Lake City, UT 54109


 


Dear
Kevin:


 


I
am pleased to extend you an offer to join Stereotaxis as Chief Legal Officer & Secretary reporting to me in my capacity as
CEO. Your position will be based out of our St. Louis, MO, facility. This letter outlines the terms of your employment offer with
an effective start date prior to mid-November 2018.


 


Your
annualized base salary will be $187,000 payable semi-monthly. In addition, you will be eligible for a target bonus opportunity
of 25% of your annual salary. Your bonus opportunity for 2018 will be prorated. I will also recommend that the Board of Directors
grant you options to purchase up to 30,000 shares of the Company’s stock. The strike price for the options will be the closing
price on the later date of Board approval or your first day of employment. These options will vest 25% after the first year and
then monthly thereafter at the rate of 2.0833% per month such that all options are available by the end of 4 years from the date
of grant. All shares shall be subject to the other terms and conditions set forth in the Company’s stock option plan and
specific option agreement. Such grant is subject to the final approval of the Board of Directors.


 


You
shall be entitled to the standard benefits (see attached benefit summary) made available by the Company from time to time such
as medical and dental insurance for you and your family (subject to employee contributions) and paid time off for vacation and
sick time (PTO) of fifteen days per year accumulated at a rate of 1.25 days per month.


 


Stereotaxis
is an “at-will” employer, which means that you or Stereotaxis may terminate your employment at any time, with or without
cause and without notice. You will be required to execute the Company’s standard At-Will-Employment Agreement and Confidentiality
and Non-compete Agreement, which includes provisions relating to arbitration of employment disputes.


 


As
you know, this position is based in St. Louis, MO. As such, you will be expected to relocate to the St. Louis area no later than
August, 2019. To facilitate your physical relocation to St. Louis you will be reimbursed for actual relocation expenses incurred
up to $25,000. IRS relocation guidelines can be found at https://www.irs.gov/publications/p15. If you voluntarily terminate
your employment with Stereotaxis within one (1) year of your completed relocation, you will be required to repay the Company for
the full relocation reimbursement.


 


Stereotaxis,
Inc ● 4320 Forest Park Avenue ● Suite 100 ● St. Louis, MO ● 63108 ● (314) 678-6100 ● (314)
678-6300 Fax


 




    	 



    	 



    

 


By
signing this letter, you agree that you are not a party to any employment, non-compete, confidentiality, or other agreements that
might be inconsistent with your agreement with Stereotaxis. This offer is contingent upon your completion of the Company’s
standard employment application and the Company’s satisfactory completion of its standard background check and drug test.
You must also furnish us with proof that you are authorized to work in the US.


 


Kevin,
we welcome you to Stereotaxis and are enthusiastic about working with you to build our company. This letter contains all terms
and conditions of the Company’s offer of employment to you and any previous discussions, understandings or agreements are
superseded by this letter. If the foregoing terms are acceptable, please indicate your agreement by signing this letter in the
space provided below at your earliest convenience, but no later than October 3, 2018.


 


Sincerely,


 


David
Fischel


CEO


 


ACCEPTED
and AGREED this 30th day of September of 2018.


 


My
starting date will be no later than the 30th day of October, 2018.


 


	/s/
    Kevin Barry 	 
	Kevin
    Barry