Document:

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                                                                   EXHIBIT 10.14

                            INDEMNIFICATION AGREEMENT

                  This Indemnification Agreement, dated as of March 30, 2004, is
made by and between STEREOTAXIS, INC., a Delaware corporation (the
"Corporation") and [name] (the "Indemnitee").

                                    RECITALS

                  A.       The Corporation recognizes that competent and
experienced persons are increasingly reluctant to serve or to continue to serve
as directors or officers of corporations unless they are protected by
comprehensive liability insurance or indemnification, or both, due to increased
exposure to litigation costs and risks resulting from their service to such
corporations, and due to the fact that the exposure frequently bears no
reasonable relationship to the compensation of such directors and officers;

                  B.       The statutes and judicial decisions regarding the
duties of directors and officers are often difficult to apply, ambiguous, or
conflicting, and therefore fail to provide such directors and officers with
adequate, reliable knowledge of legal risks to which they are exposed or
information regarding the proper course of action to take;

                  C.       The Corporation and Indemnitee recognize that
plaintiffs often seek damages in such large amounts and the costs of litigation
may be so enormous (whether or not the case is meritorious), that the defense
and/or settlement of such litigation is often beyond the personal resources of
directors and officers;

                  D.       The Corporation believes that it is unfair for its
directors and officers to assume the risk of huge judgments and other expenses
which may occur in cases in which the director or officer received no personal
profit and in cases where the director or officer was not culpable;

                  E.       The Corporation, after reasonable investigation, has
determined that the liability insurance coverage presently available to the
Corporation may be inadequate in certain circumstances to cover all possible
exposure for which Indemnitee should be protected. The Corporation believes that
the interests of the Corporation and its stockholders would best be served by a
combination of such insurance and the indemnification by the Corporation of the
directors and officers of the Corporation;

                  F.       The Corporation's Second Amended and Restated ByLaws
require the Corporation to indemnify its directors and officers to the fullest
extent permitted by the Delaware General Corporation Law (the "DGCL"). The
Second Amended and Restated ByLaws expressly provide that the indemnification
provisions set forth therein are not exclusive, and contemplate that contracts
may be entered into between the Corporation and its directors and officers with
respect to indemnification;

                  G.       Section 145 of the DGCL ("Section 145"), under which
the Corporation is organized, empowers the Corporation to indemnify its
officers, directors, employees and agents by agreement and to indemnify persons
who serve, at the request of the Corporation, as the directors, officers,
employees or agents of other corporations or enterprises, and expressly provides
that the indemnification provided by Section 145 is not exclusive;

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                  H.       The Board of Directors has determined that
contractual indemnification as set forth herein is not only reasonable and
prudent but also promotes the best interests of the Corporation and its
stockholders;

                  I.       The Corporation desires and has requested Indemnitee
to serve or continue to serve as a director or officer of the Corporation free
from undue concern for unwarranted claims for damages arising out of or related
to such services to the Corporation; and

                  J.       Indemnitee is willing to serve, continue to serve or
to provide additional service for or on behalf of the Corporation on the
condition that he is furnished the indemnity provided for herein.

                                    AGREEMENT

                  NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth below, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

         Section 1. Generally.

         To the fullest extent permitted by the laws of the State of Delaware:

                  (a)      The Corporation shall indemnify Indemnitee if
Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact that Indemnitee
is or was or has agreed to serve at the request of the Corporation as a
director, officer, employee or agent of the Corporation, or while serving as a
director or officer of the Corporation, is or was serving or has agreed to serve
at the request of the Corporation as a director, officer, employee or agent
(which, for purposes hereof, shall include a trustee, partner or manager or
similar capacity) of another corporation, partnership, joint venture, trust,
employee benefit plan or other enterprise, or by reason of any action alleged to
have been taken or omitted in such capacity.

                  (b)      The indemnification provided by this Section 1 shall
be from and against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by Indemnitee or on
Indemnitee's behalf in connection with such action, suit or proceeding and any
appeal therefrom, but shall only be provided if Indemnitee acted in good faith
and in a manner Indemnitee reasonably believed to be in or not opposed to the
best interests of the Corporation, and, with respect to any criminal action,
suit or proceeding, had no reasonable cause to believe Indemnitee's conduct was
unlawful.

                  (c)      Notwithstanding the foregoing provisions of this
Section 1, in the case of any threatened, pending or completed action or suit by
or in the right of the Corporation to procure a judgment in its favor by reason
of the fact that Indemnitee is or was a director, officer, employee or agent of
the Corporation, or while serving as a director or officer of the Corporation,
is or was serving or has agreed to serve at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise, no indemnification
shall be made in respect of any claim, issue or matter as to which

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Indemnitee shall have been adjudged to be liable to the Corporation unless, and
only to the extent that, the Delaware Court of Chancery or the court in which
such action or suit was brought shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for such expenses
which the Delaware Court of Chancery or such other court shall deem proper.

                  (d)      The termination of any action, suit or proceeding by
judgment, order, settlement, conviction, or upon a plea of nolo contendere or
its equivalent, shall not, of itself, create a presumption that Indemnitee did
not act in good faith and in a manner which Indemnitee reasonably believed to be
in or not opposed to the best interests of the Corporation, and, with respect to
any criminal action or proceeding, had reasonable cause to believe that
Indemnitee's conduct was unlawful.

         Section 2. Successful Defense; Partial Indemnification. To the extent
that Indemnitee has been successful on the merits or otherwise in defense of any
action, suit or proceeding referred to in Section 1 hereof or in defense of any
claim, issue or matter therein, Indemnitee shall be indemnified against expenses
(including attorneys' fees) actually and reasonably incurred in connection
therewith. For purposes of this Agreement and without limiting the foregoing, if
any action, suit or proceeding is disposed of, on the merits or otherwise
(including a disposition without prejudice), without (i) the disposition being
adverse to Indemnitee, (ii) an adjudication that Indemnitee was liable to the
Corporation, (iii) a plea of guilty or nolo contendere by Indemnitee, (iv) an
adjudication that Indemnitee did not act in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Corporation, and (v) with respect to any criminal proceeding, an
adjudication that Indemnitee had reasonable cause to believe Indemnitee's
conduct was unlawful, Indemnitee shall be considered for the purposes hereof to
have been wholly successful with respect thereto.

                  If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Corporation for some or a portion of the
expenses (including attorneys' fees), judgments, fines or amounts paid in
settlement actually and reasonably incurred by Indemnitee or on Indemnitee's
behalf in connection with any action, suit, proceeding or investigation, or in
defense of any claim, issue or matter therein, and any appeal therefrom but not,
however, for the total amount thereof, the Corporation shall nevertheless
indemnify Indemnitee for the portion of such expenses (including attorneys'
fees), judgments, fines or amounts paid in settlement to which Indemnitee is
entitled.

         Section 3. Determination That Indemnification Is Proper. Any
indemnification hereunder shall (unless otherwise ordered by a court) be made by
the Corporation unless a determination is made that indemnification of such
person is not proper in the circumstances because he or she has not met the
applicable standard of conduct set forth in Section 1(b) hereof. Any such
determination shall be made (i) by a majority vote of the directors who are not
parties to the action, suit or proceeding in question ("disinterested
directors"), even if less than a quorum, (ii) by a majority vote of a committee
of disinterested directors designated by majority vote of disinterested
directors, even if less than a quorum, (iii) by a majority vote of a quorum of
the outstanding shares of stock of all classes entitled to vote on the matter,
voting as a single class, which quorum shall consist of stockholders who are not
at that time parties to the action, suit or proceeding in question, (iv) by
independent legal counsel, or (v) by a court of competent jurisdiction.

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         Section 4. Advance Payment of Expenses; Notification and Defense of
Claim.

                  (a)      Expenses (including attorneys' fees) incurred by
Indemnitee in defending a threatened or pending civil, criminal, administrative
or investigative action, suit or proceeding, or in connection with an
enforcement action pursuant to Section 5(b), shall be paid by the Corporation in
advance of the final disposition of such action, suit or proceeding within
thirty (30) days after receipt by the Corporation of (i) a statement or
statements from Indemnitee requesting such advance or advances from time to
time, and (ii) an undertaking by or on behalf of Indemnitee to repay such amount
or amounts, only if, and to the extent that, it shall ultimately be determined
that Indemnitee is not entitled to be indemnified by the Corporation as
authorized by this Agreement or otherwise. Such undertaking shall be accepted
without reference to the financial ability of Indemnitee to make such repayment.
Advances shall be unsecured and interest-free.

                  (b)      Promptly after receipt by Indemnitee of notice of the
commencement of any action, suit or proceeding, Indemnitee shall, if a claim
thereof is to be made against the Corporation hereunder, notify the Corporation
of the commencement thereof. The failure to promptly notify the Corporation of
the commencement of the action, suit or proceeding, or Indemnitee's request for
indemnification, will not relieve the Corporation from any liability that it may
have to Indemnitee hereunder, except to the extent the Corporation is prejudiced
in its defense of such action, suit or proceeding as a result of such failure.

                  (c)      In the event the Corporation shall be obligated to
pay the expenses of Indemnitee with respect to an action, suit or proceeding, as
provided in this Agreement, the Corporation, if appropriate, shall be entitled
to assume the defense of such action, suit or proceeding, with counsel
reasonably acceptable to Indemnitee, upon the delivery to Indemnitee of written
notice of its election to do so. After delivery of such notice, approval of such
counsel by Indemnitee and the retention of such counsel by the Corporation, the
Corporation will not be liable to Indemnitee under this Agreement for any fees
of counsel subsequently incurred by Indemnitee with respect to the same action,
suit or proceeding, provided that (1) Indemnitee shall have the right to employ
Indemnitee's own counsel in such action, suit or proceeding at Indemnitee's
expense and (2) if (i) the employment of counsel by Indemnitee has been
previously authorized in writing by the Corporation, (ii) counsel to the
Corporation or Indemnitee shall have reasonably concluded that there may be a
conflict of interest or position, or reasonably believes that a conflict is
likely to arise, on any significant issue between the Corporation and Indemnitee
in the conduct of any such defense or (iii) the Corporation shall not, in fact,
have employed counsel to assume the defense of such action, suit or proceeding,
then the fees and expenses of Indemnitee's counsel shall be at the expense of
the Corporation, except as otherwise expressly provided by this Agreement. The
Corporation shall not be entitled, without the consent of Indemnitee, to assume
the defense of any claim brought by or in the right of the Corporation or as to
which counsel for the Corporation or Indemnitee shall have reasonably made the
conclusion provided for in clause (ii) above.

                  (d)      Notwithstanding any other provision of this Agreement
to the contrary, to the extent that Indemnitee is, by reason of Indemnitee's
corporate status with respect to the Corporation or any corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise
which Indemnitee is or was serving or has agreed to serve at the request of the

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Corporation, a witness or otherwise participates in any action, suit or
proceeding at a time when Indemnitee is not a party in the action, suit or
proceeding, the Corporation shall indemnify Indemnitee against all expenses
(including attorneys' fees) actually and reasonably incurred by Indemnitee or on
Indemnitee's behalf in connection therewith.

         Section 5. Procedure for Indemnification

                  (a)      To obtain indemnification, Indemnitee shall promptly
submit to the Corporation a written request, including therein or therewith such
documentation and information as is reasonably available to Indemnitee and is
reasonably necessary to determine whether and to what extent Indemnitee is
entitled to indemnification. The Corporation shall, promptly upon receipt of
such a request for indemnification, advise the Board of Directors in writing
that Indemnitee has requested indemnification.

                  (b)      The Corporation's determination whether to grant
Indemnitee's indemnification request shall be made promptly, and in any event
within 60 days following receipt of a request for indemnification pursuant to
Section 5(a). The right to indemnification as granted by Section 1 of this
Agreement shall be enforceable by Indemnitee in any court of competent
jurisdiction if the Corporation denies such request, in whole or in part, or
fails to respond within such 60-day period. It shall be a defense to any such
action (other than an action brought to enforce a claim for the advance of
costs, charges and expenses under Section 4 hereof where the required
undertaking, if any, has been received by the Corporation) that Indemnitee has
not met the standard of conduct set forth in Section 1 hereof, but the burden of
proving such defense by clear and convincing evidence shall be on the
Corporation. Neither the failure of the Corporation (including its Board of
Directors or one of its committees, its independent legal counsel, and its
stockholders) to have made a determination prior to the commencement of such
action that indemnification of Indemnitee is proper in the circumstances because
Indemnitee has met the applicable standard of conduct set forth in Section 1
hereof, nor the fact that there has been an actual determination by the
Corporation (including its Board of Directors or one of its committees, its
independent legal counsel, and its stockholders) that Indemnitee has not met
such applicable standard of conduct, shall be a defense to the action or create
a presumption that Indemnitee has or has not met the applicable standard of
conduct. The Indemnitee's expenses (including attorneys' fees) incurred in
connection with successfully establishing Indemnitee's right to indemnification,
in whole or in part, in any such proceeding or otherwise shall also be
indemnified by the Corporation.

                  (c)      The Indemnitee shall be presumed to be entitled to
indemnification under this Agreement upon submission of a request for
indemnification pursuant to this Section 5, and the Corporation shall have the
burden of proof in overcoming that presumption in reaching a determination
contrary to that presumption. Such presumption shall be used as a basis for a
determination of entitlement to indemnification unless the Corporation overcomes
such presumption by clear and convincing evidence.

         Section 6. Insurance and Subrogation.

                  (a)      The Corporation may purchase and maintain insurance
on behalf of Indemnitee who is or was or has agreed to serve at the request of
the Corporation as a director or officer of the Corporation, or is or was
serving at the request of the Corporation as a director,

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officer, employee or agent of another corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise against any liability asserted
against, and incurred by, Indemnitee or on Indemnitee's behalf in any such
capacity, or arising out of Indemnitee's status as such, whether or not the
Corporation would have the power to indemnify Indemnitee against such liability
under the provisions of this Agreement. If the Corporation has such insurance in
effect at the time the Corporation receives from Indemnitee any notice of the
commencement of a proceeding, the Corporation shall give prompt notice of the
commencement of such proceeding to the insurers in accordance with the
procedures set forth in the policy. The Corporation shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of the
Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policy.

                  (b)      In the event of any payment by the Corporation under
this Agreement, the Corporation shall be subrogated to the extent of such
payment to all of the rights of recovery of Indemnitee with respect to any
insurance policy, who shall execute all papers required and take all action
necessary to secure such rights, including execution of such documents as are
necessary to enable the Corporation to bring suit to enforce such rights in
accordance with the terms of such insurance policy. The Corporation shall pay or
reimburse all expenses actually and reasonably incurred by Indemnitee in
connection with such subrogation.

                  (c)      The Corporation shall not be liable under this
Agreement to make any payment of amounts otherwise indemnifiable hereunder
(including, but not limited to, judgments, fines, ERISA excise taxes or
penalties, and amounts paid in settlement) if and to the extent that Indemnitee
has otherwise actually received such payment under this Agreement or any
insurance policy, contract, agreement or otherwise.

         Section 7. Certain Definitions. For purposes of this Agreement, the
following definitions shall apply:

                  (a)      The term "action, suit or proceeding" shall be
broadly construed and shall include, without limitation, the investigation,
preparation, prosecution, defense, settlement, arbitration and appeal of, and
the giving of testimony in, any threatened, pending or completed claim, action,
suit or proceeding, whether civil, criminal, administrative or investigative.

                  (b)      The term "by reason of the fact that Indemnitee is or
was a director, officer, employee or agent of the Corporation, or while serving
as a director or officer of the Corporation, is or was serving or has agreed to
serve at the request of the Corporation as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise" shall be broadly construed and shall include,
without limitation, any actual or alleged act or omission to act.

                  (c)      The term "expenses" shall be broadly and reasonably
construed and shall include, without limitation, all direct and indirect costs
of any type or nature whatsoever (including, without limitation, all attorneys'
fees and related disbursements, appeal bonds, other out-of-pocket costs and
reasonable compensation for time spent by Indemnitee for which Indemnitee is not
otherwise compensated by the Corporation or any third party, provided that the
rate of compensation and estimated time involved is approved by the Board, which
approval shall

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not be unreasonably withheld), actually and reasonably incurred by Indemnitee in
connection with either the investigation, defense or appeal of a proceeding or
establishing or enforcing a right to indemnification under this Agreement,
Section 145 of the General Corporation Law of the State of Delaware or
otherwise.

                  (d)      The term "judgments, fines and amounts paid in
settlement" shall be broadly construed and shall include, without limitation,
all direct and indirect payments of any type or nature whatsoever (including,
without limitation, all penalties and amounts required to be forfeited or
reimbursed to the Corporation), as well as any penalties or excise taxes
assessed on a person with respect to an employee benefit plan).

                  (e)      The term "Corporation" shall include, without
limitation and in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, and employees
or agents, so that any person who is or was a director, officer, employee or
agent of such constituent corporation, or is or was serving at the request of
such constituent corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust, employee benefit plan or
other enterprise, shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as he or she
would have with respect to such constituent corporation if its separate
existence had continued.

                  (f)      The term "other enterprises" shall include, without
limitation, employee benefit plans.

                  (g)      The term "serving at the request of the Corporation"
shall include, without limitation, any service as a director, officer, employee
or agent of the Corporation which imposes duties on, or involves services by,
such director, officer, employee or agent with respect to an employee benefit
plan, its participants or beneficiaries.

                  (h)      A person who acted in good faith and in a manner such
person reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner "not opposed to the best interests of the Corporation" as referred to in
this Agreement.

         Section 8. Limitation on Indemnification. Notwithstanding any other
provision herein to the contrary, the Corporation shall not be obligated
pursuant to this Agreement:

                  (a)      Claims Initiated by Indemnitee. To indemnify or
advance expenses to Indemnitee with respect to an action, suit or proceeding (or
part thereof) initiated by Indemnitee, except with respect to an action, suit or
proceeding brought to establish or enforce a right to indemnification (which
shall be governed by the provisions of Section 8(b) of this Agreement), unless
such action, suit or proceeding (or part thereof) was authorized or consented to
by the Board of Directors of the Corporation.

                  (b)      Action for Indemnification. To indemnify Indemnitee
for any expenses incurred by Indemnitee with respect to any action, suit or
proceeding instituted by Indemnitee to enforce or interpret this Agreement,
unless Indemnitee is successful in establishing Indemnitee's

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right to indemnification in such action, suit or proceeding, in whole or in
part, or unless and to the extent that the court in such action, suit or
proceeding shall determine that, despite Indemnitee's failure to establish their
right to indemnification, Indemnitee is entitled to indemnity for such expenses;
provided, however, that nothing in this Section 8(b) is intended to limit the
Corporation's obligation with respect to the advancement of expenses to
Indemnitee in connection with any such action, suit or proceeding instituted by
Indemnitee to enforce or interpret this Agreement, as provided in Section 4
hereof.

                  (c)      Section 16 Violations. To indemnify Indemnitee on
account of any proceeding with respect to which final judgment is rendered
against Indemnitee for payment or an accounting of profits arising from the
purchase or sale by Indemnitee of securities in violation of Section 16(b) of
the Securities Exchange Act of 1934, as amended, or any similar successor
statute.

                  (d)      Non-compete and Non-disclosure. To indemnify
Indemnitee in connection with proceedings or claims involving the enforcement of
non-compete and/or non-disclosure agreements or the non-compete and/or
non-disclosure provisions of employment, consulting or similar agreements the
Indemnitee may be a party to with the Corporation, or any subsidiary of the
Corporation or any other applicable foreign or domestic corporation,
partnership, joint venture, trust or other enterprise, if any.

         Section 9. Certain Settlement Provisions. The Corporation shall have no
obligation to indemnify Indemnitee under this Agreement for amounts paid in
settlement of any action, suit or proceeding without the Corporation's prior
written consent, which shall not be unreasonably withheld. The Corporation shall
not settle any action, suit or proceeding in any manner that would impose any
fine or other obligation on Indemnitee without Indemnitee's prior written
consent, which shall not be unreasonably withheld.

         Section 10. Savings Clause. If any provision or provisions of this
Agreement shall be invalidated on any ground by any court of competent
jurisdiction, then the Corporation shall nevertheless indemnify Indemnitee as to
costs, charges and expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement with respect to any action, suit or proceeding,
whether civil, criminal, administrative or investigative, including an action by
or in the right of the Corporation, to the full extent permitted by any
applicable portion of this Agreement that shall not have been invalidated and to
the full extent permitted by applicable law.

         Section 11. Contribution. In order to provide for just and equitable
contribution in circumstances in which the indemnification provided for herein
is held by a court of competent jurisdiction to be unavailable to Indemnitee in
whole or in part, it is agreed that, in such event, the Corporation shall, to
the fullest extent permitted by law, contribute to the payment of Indemnitee's
costs, charges and expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement with respect to any action, suit or proceeding,
whether civil, criminal, administrative or investigative, in an amount that is
just and equitable in the circumstances, taking into account, among other
things, contributions by other directors and officers of the Corporation or
others pursuant to indemnification agreements or otherwise; provided, that,
without limiting the generality of the foregoing, such contribution shall not be
required where such holding by the court is due to (i) the failure of Indemnitee
to meet the standard of conduct

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set forth in Section 1 hereof, or (ii) any limitation on indemnification set
forth in Section 6(c), 8 or 9 hereof.

         Section 12. Form and Delivery of Communications. Any notice, request or
other communication required or permitted to be given to the parties under this
Agreement shall be in writing and either delivered in person or sent by
telecopy, telex, telegram, overnight mail or courier service, or certified or
registered mail, return receipt requested, postage prepaid, to the parties at
the following addresses (or at such other addresses for a party as shall be
specified by like notice):

                     If to the Corporation:

                     Stereotaxis, Inc.
                     4041 Forest Park Avenue
                     St. Louis, MO 63108
                     Attn: Controller
                     Facsimile: (314) 615-6922

                     If to Indemnitee:

                     [name]
                     [address]
                     Facsimile: [fax no.]

         Section 13. Subsequent Legislation. If the General Corporation Law of
Delaware is amended after adoption of this Agreement to expand further the
indemnification permitted to directors or officers, then the Corporation shall
indemnify Indemnitee to the fullest extent permitted by the General Corporation
Law of Delaware, as so amended.

         Section 14. Nonexclusivity. The provisions for indemnification and
advancement of expenses set forth in this Agreement shall not be deemed
exclusive of any other rights which Indemnitee may have under any provision of
law, the Corporation's Certificate of Incorporation or ByLaws, in any court in
which a proceeding is brought, the vote of the Corporation's stockholders or
disinterested directors, other agreements or otherwise, and Indemnitee's rights
hereunder shall continue after Indemnitee has ceased acting as an agent of the
Corporation and shall inure to the benefit of the heirs, executors and
administrators of Indemnitee. However, no amendment or alteration of the
Corporation's Certificate of Incorporation or ByLaws or any other agreement
shall adversely affect the rights provided to Indemnitee under this Agreement

         Section 15. Enforcement. The Corporation shall be precluded from
asserting in any judicial proceeding that the procedures and presumptions of
this Agreement are not valid, binding and enforceable. The Corporation agrees
that its execution of this Agreement shall constitute a stipulation by which it
shall be irrevocably bound in any court of competent jurisdiction in which a
proceeding by Indemnitee for enforcement of his rights hereunder shall have been
commenced, continued or appealed, that its obligations set forth in this
Agreement are unique and special, and that failure of the Corporation to comply
with the provisions of this Agreement will cause irreparable and irremediable
injury to Indemnitee, for which a remedy at

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law will be inadequate. As a result, in addition to any other right or remedy
Indemnitee may have at law or in equity with respect to breach of this
Agreement, Indemnitee shall be entitled to injunctive or mandatory relief
directing specific performance by the Corporation of its obligations under this
Agreement.

         Section 16. Interpretation of Agreement. It is understood that the
parties hereto intend this Agreement to be interpreted and enforced so as to
provide indemnification to Indemnitee to the fullest extent now or hereafter
permitted by law.

         Section 17. Entire Agreement. This Agreement and the documents
expressly referred to herein constitute the entire agreement between the parties
hereto with respect to the matters covered hereby, and any other prior or
contemporaneous oral or written understandings or agreements with respect to the
matters covered hereby are expressly superceded by this Agreement.

         Section 18. Modification and Waiver. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

         Section 19. Successor and Assigns. All of the terms and provisions of
this Agreement shall be binding upon, shall inure to the benefit of and shall be
enforceable by the parties hereto and their respective successors, assigns,
heirs, executors, administrators and legal representatives. The Corporation
shall require and cause any direct or indirect successor (whether by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
or assets of the Corporation, by written agreement in form and substance
reasonably satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Corporation
would be required to perform if no such succession had taken place.

         Section 20. Service of Process and Venue. For purposes of any claims or
proceedings to enforce this agreement, the Corporation consents to the
jurisdiction and venue of any federal or state court of competent jurisdiction
in the states of Delaware and Missouri, and waives and agrees not to raise any
defense that any such court is an inconvenient forum or any similar claim.

         Section 21. Supercedes Prior Agreement. This Agreement supercedes any
prior indemnification agreement between Indemnitee and the Corporation or its
predecessors.

         Section 22. Governing Law. This Agreement shall be governed exclusively
by and construed according to the laws of the State of Delaware, as applied to
contracts between Delaware residents entered into and to be performed entirely
within Delaware. If a court of competent jurisdiction shall make a final
determination that the provisions of the law of any state other than Delaware
govern indemnification by the Corporation of its officers and directors, then
the indemnification provided under this Agreement shall in all instances be
enforceable to the fullest extent permitted under such law, notwithstanding any
provision of this Agreement to the contrary.

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         Section 23. Employment Rights. Nothing in this Agreement is intended to
create in Indemnitee any right to employment or continued employment.

         Section 24. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument, notwithstanding that
both parties are not signatories to the original or same counterpart.

         Section 25. Headings. The section and subsection headings contained in
this Agreement are for reference purposes only and shall not affect in any way
the meaning or interpretation of this Agreement.

         IN WITNESS WHEREOF, this Agreement has been duly executed and delivered
to be effective as of the date first above written.

                                          STEREOTAXIS, INC.

                                          By ___________________________________
                                          Name:  Bevil J. Hogg
                                          Title: President

                                          INDEMNITEE:

                                          By ___________________________________
                                          Name: [name]

                                       11<PAGE>

                                                                   EXHIBIT 10.15

                                      LEASE

THIS IS A LEASE between EMERGING TECHNOLOGIES BUILDING II, LLC, A Missouri
limited liability company, whose principal office is at 4041 Forest Park Avenue,
St. Louis, MO 63108 (as the Lessor), and the Lessee identified as such on
Exhibit A hereto attached hereto.

1.       PREMISES; TERM; COMMON AREAS. Lessor hereby leases to Lessee and Lessee
hereby leases from Lessor, for a Term commencing on the Commencement Date
specified in Exhibit A hereto and ending on the Expiration Date specified in
Exhibit A hereto (subject to Lessee's right to extend the Term as set forth in
Exhibit A), the Leased Premises described in Exhibit A hereto and located in the
building located at 20 South Sarah Street (aka 4059-4065 Forest Park Avenue),
St. Louis, MO 63108 (the Building). During the Term, Lessee will have the
license and right, subject to the provisions of this Lease and the Policies and
Procedures promulgated from time to time by Lessor as provided herein, to use
the Common Areas in common with Lessor and other Lessees in the Building. The
Common Areas include common entranceways, lobby, corridors, lavatories,
stairways, conference rooms, and break rooms in the Building, the property owned
by Lessor on which the Building is situated (the Property), and the parking lot
on the Property.

2.       RENT

         2.1.     BASIC RENT. Lessee shall pay to Lessor as rent for the Leased
         Premises for the entire Term the Basic Rent specified in Exhibit A
         hereto, payable in the Monthly Rent Installments provided in Exhibit A
         hereto.

         2.2.     ADDITIONAL RENT. If so provided in Exhibit A hereto, Lessee
         shall also pay to Lessor Additional Rent as provided in Exhibit A
         hereto.

         2.3.     COMMON COSTS. If so provided in Exhibit A hereto Lessee shall
         further pay to Lessor Lessee's share of Common Costs as described in
         Exhibit A hereto. If there is no provision for separate payment of
         Common Costs, Basic Rent includes an apportionment to Lessee of Common
         Costs.

         2.4.     SPECIAL SERVICE CHARGES. Lessee acknowledges that, under an
         arrangement with Lessor, Center for Emerging Technologies (CET)
         provides special services, including telecommunications access and
         parking spaces, to tenants in the Building as provided in CET's Tenant
         Services Manual as promulgated from time to time. Lessee shall pay all
         charges for such special services and those additional special service
         charges described in Exhibit A hereto, if any (collectively, Special
         Service Charges). Lessee shall pay CET Special Service Charges directly
         to CET when billed and shall pay Lessor's Special Service Charges to
         Lessor when billed. Lessee shall comply with all of the requirements in
         CET's Tenant Services Manual for receiving special services from CET.
         The agreement of Lessee to pay CET's Special Service Charges and to
         comply with the requirements of CET's Tenant Services Manual is for the
         benefit of CET and may be enforced directly by CET.

                                       1

<PAGE>

         2.5.     PAYMENTS. The first Monthly Rent Installment is payable on the
         Commencement Date. Each Monthly Rent Installment thereafter is payable
         in advance on the first day of each calendar month after the
         Commencement Date. Any separate payment of Common Costs payable by
         Lessee under this Lease and any Special Service Charges then due are
         payable monthly when each Monthly Rent Installment is due. All payments
         shall be made without demand, deduction or offset, in lawful money of
         the United States of America. All payments received by Lessor will be
         applied first to Monthly Rent Installments then due, second to any
         Additional Rent then due, and third to Lessee's share of any Common
         Costs then due. Unless Lessee is notified otherwise, all payments due
         under this Lease shall be paid to "Emerging Technologies Building II,
         LLC c/o Emerging Technologies Management Corporation, 4041 Forest Park
         Avenue, St. Louis, MO 63108.

         2.6.     TENANT FIT-OUT. Lessor will cause a contractor selected and
         paid by it to fit out the Leased Premises as described in Attachment 1
         to Exhibit A hereto. Unless otherwise provided in an Addendum to this
         Lease executed by Lessor and Lessee, Lessee shall pay to Lessor
         one-third of the estimated cost of completing the tenant fit-out upon
         execution of this Lease and shall pay the remaining cost of thereof to
         Lessor when the work is substantially completed and the Leased Premises
         are ready for occupancy. Unless otherwise provided in an Addendum to
         this Lease executed by Lessor and Lessee, Lessor will not further
         alter, modify, or improve the Leased Premises in any way.

         2.7.     DELAY IN OCCUPANCY. If delivery of possession of the Leased
         Premises is delayed beyond the Commencement Date for any cause
         whatsoever, including any delay in completion of tenant fit-out, Lessor
         will not be liable to Lessee for any damages resulting from such delay,
         but Lessee's obligation to pay Basic Rent and any Additional Rent and
         Common Costs will be abated until possession of the Leased Premises is
         delivered, In such case the Commencement Date will be the date of
         actual delivery of possession and the Expiration Date will be
         correspondingly extended and the first and last Monthly Rent
         Installments and any Additional Rent and Common Cost amounts due will
         be apportioned accordingly.

         2.8.     LATE CHARGES. IF any payment required to be made by Lessee is
         not made within 10 days after the date when it is due, Lessee shall pay
         to Lessor a late payment service fee equal to 5% of the amount of the
         payment that is late.

         2.9.     NO ESTOPPEL OR ACCORD AND SATISFACTION. No payment by Lessee
         or receipt and acceptance by Lessor of a lesser amount than is at any
         time due from Lessee under this Lease shall be deemed or treated as
         other than part payment of the full amount then due, nor shall any
         endorsement or statement on any check or any letter accompanying any
         check delivered as part payment of an amount then due be deemed an
         accord and satisfaction. Lessor may accept any such part payment
         without prejudice to Lessor's right to recover the full balance due or
         pursue any other remedy available under the law or this Lease.

3.       SECURITY DEPOSIT. Lessee shall deposit with Lessor on or before the
Commencement Date, and prior to the commencement of any fit-out work on the
Leased Premises, the amount of

                                       2
<PAGE>

the Security Deposit specified in Exhibit A hereto, if any, as security for the
full and faithful performance of all agreements of Lessee in this Lease,
including the payment of Basic Rent and Additional Rent and Common Costs, if
any. Upon the expiration or earlier termination of this Lease, if Lessee is not
then in default under this Lease and has performed all of the agreements of
Lessee in this Lease, Lessor will return the Security Deposit. The Security
Deposit will not bear interest and may be co-mingled by Lessor with other funds
of the Lessor. Lessee may not assign any rights with respect to the Security
Deposit or grant a security interest in the Security Deposit to anyone other
than Lessor.

4.       UTILITIES AND SERVICES.

         4.1.     UTILITIES AND OTHER LESSOR PROVIDED BUILDING SERVICES. Except
         as otherwise provided with respect to Lessee's share of Common Costs,
         if any, and any Special Services Charges, Lessor will furnish at its
         own cost and expense electricity, natural gas, sewer and water service,
         reasonably adequate heating and air conditioning, normal trash pickup
         (exclusive of removal of Hazardous Substances), normal janitorial
         services, security for the Building and common areas, maintenance of
         standard tenant fixtures and finish, and maintenance and repair of
         Building systems, including telecommunications systems, HVAC systems,
         piping, security systems and data systems (Lessor Provided Building
         Services). Upon request by Lessee and where, at its own expense, Lessee
         makes alternative telecommunications arrangements for servicing of the
         Leased Premises, Lessor will adjust the Special Services Charges
         charged to Lessee so as to exclude charges for telecommunications
         services. Lessor will reasonably cooperate with Lessee in implementing
         any such alternative telecommunications arrangements (including
         consenting to reasonable minor improvements or alterations or other
         changes to the Leased Premises). Cessation of Utilities and Services.

         4.2.     CESSATION OF UTILITIES AND SERVICES. Lessor, without notice to
         Lessee, may cause the discontinuance, interruption or curtailment of
         any Lessor Provided Building Services whenever any amount payable by
         Lessee under this Lease, including amounts payable to CET, is not paid
         within 30 days after notice from Lessor or CET, as applicable, that
         such amount is past due. Lessor, after giving at least five days prior
         notice to Lessee, may cause the interruption or curtailment of any
         Lessor Provided Building Services whenever repairs, alterations,
         replacements, or improvements that are necessary or desirable in the
         reasonable judgment of Lessor. Lessor, without notice to Lessee, may
         cause the discontinuance, interruption or curtailment of any Lessor
         Provided Building Services whenever necessary because of accident or
         emergency. There shall be no diminution or abatement of Basic Rent,
         Monthly Rent Installments, Additional Rent, Common Costs, or any other
         amounts due from Lessee to Lessor under this Lease, or from Lessee to
         CET, nor shall any of Lessee's obligations under this Lease be reduced,
         nor shall Lessor or CET have any liability to Lessee for any such
         discontinuance, interruption, or curtailment. Except in the case of
         discontinuance, interruption or curtailment because an amount payable
         by Lessee under this Lease was not paid within 30 days after notice
         from Lessor or CET as provided above, Lessor will use all reasonable
         efforts to restore the affected Lessor Provided Building Service as
         soon as reasonably practicable.

                                       3
<PAGE>

5.       USE OF LEASED PREMISES.

         5.1.     PERMITTED USES. Lessee shall use the Leased Premises only for
         general office, engineering and assembly purposes and for the purposes
         described in Exhibit A hereto and for no other purpose whatsoever
         without the prior written consent of Lessor, which may be given or
         withheld in Lessor's absolute discretion. Lessee shall not interfere
         with the transmission of heat, air conditioning, electricity, or any
         other utility or data services through the Leased Premises.

         5.2.     No WASTE, NUISANCE OR UNLAWFUL PURPOSE. Lessee shall not
         commit or allow any waste of the Leased Premises, nor shall Lessee
         maintain or permit any nuisance on the Leased Premises or use the
         Leased Premises for any unlawful purpose.

         5.3.     COMPLIANCE WITH LAWS. Lessee shall comply with all laws,
         ordinances, orders and regulations of any governmental authority which
         are applicable to its use of the Leased Premises. Without limiting the
         generality of the foregoing, Lessee shall comply with all applicable
         federal, state and local laws, ordinances, codes, rules, permits,
         licensing conditions and regulations regarding the handling, storage,
         handling, use, or release of Hazardous Substance, including the
         then-current versions of the following federal statutes, their state
         analogs, and the regulations implementing them: the Resource
         Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.); CERCLA;
         the Clean Water Act (33 U.S.C. Section 1251 et seq.); the Clean Air Act
         (42 U.S.C. Section 7401 et seq.); and the Toxic Substances Control Act
         (15 U.S.C. Section 2601 et seq.) (collectively, the Environmental
         Requirements), and shall procure, at its expense, any and all licenses,
         permits, insurance and government approvals necessary to the operation
         of its business. The term Hazardous Substance includes any Hazardous
         Substance as defined by the Comprehensive Environmental Response,
         Compensation and Liability Act, 42 U.S.C. Section 9601, et seq.,
         including any amendments thereto (CERCLA), any substance, waste or
         other material considered hazardous, dangerous, or toxic under any of
         the Environmental Requirements, petroleum and petroleum products, and
         natural gas. The term release means any intentional or unintentional
         spilling, pumping, emitting, emptying, discharging, escaping, leading,
         dumping, disposing or abandonment of any Hazardous Substance.

         5.4.     ENVIRONMENTAL MATTERS. Before Lessee uses, handles, stores,
         treats or disposes of any class of substances that are Hazardous
         Substances at the Leased Premises, Lessee shall give Lessor at least 10
         days prior written notice identifying the intended quantities, uses,
         disposal or treatment methods and storage locations thereof. In using
         each such Hazardous Substance, Lessee shall comply with all applicable
         Environmental Requirements, the requirements of this Paragraph 5 and
         all applicable generally accepted safety conditions. In addition,
         Lessor shall have the right to specify in writing additional conditions
         for the use, handling, storage, treatment or disposal of each such
         class of Hazardous Substances, all of which Lessee shall comply with.
         Lessee shall take all steps necessary to remedy any violation of any
         Environmental Requirements by the Lessee, whether or not a citation or
         other notice of violation has been issued by a governmental authority.
         Lessee shall at its own expense promptly contain and remediate any
         release of

                                       4
<PAGE>

         Hazardous Substances arising from or related to Lessee's Hazardous
         Substance activity at the Leased Premises and remediate any resultant
         damage to property, persons, or the environment. Lessor reserves the
         right periodically to conduct an environmental and safety inspection of
         the Leased Premises and areas beyond the Leased Premises, where
         necessary, such as the heating, ventilating and air conditioning
         system. Lessee shall give prompt written notice to Lessor of any
         release of any Hazardous Substance at the Leased Premises or into the
         surrounding environment not made in conformance with the Environmental
         Requirements, including a description of remediation measures required
         and taken by Lessee and a description of any resulting damage to
         persons, property or the environment. Lessee shall upon expiration or
         earlier termination of this Lease, surrender the Leased Premises to
         Lessor free from the presence and contamination of any Hazardous
         Substance. Following any breach by Lessee of the Environmental
         Requirements or this Paragraph, or in response to any reasonable safety
         or environmental concern by Lessor and irrespective of any such breach,
         Lessor may withdraw its consent to Lessee's Hazardous Substance
         activity (or any portion thereof) by written notice to Lessee. Lessee
         shall terminate its Hazardous Substance activity immediately upon
         notice and remove all Hazardous Substances from the Leased Premises
         within 15 days from the date of such notice, unless such breach or
         concern is promptly addressed and corrected by Lessee to Lessor's
         absolute satisfaction. Lessee shall at its sole cost and expense
         arrange for the disposal by properly licensed persons of any hazardous
         waste generated by Lessee in the Building. Lessee shall not dispose of
         any Hazardous Substances in the sanitary sewer system of the Leased
         Premises unless the Environmental Requirements permit and Lessor has
         consented to such method of disposal in writing, having determined in
         Lessor's absolute discretion that such disposal will not harm the
         sanitary sewer piping.

         5.5.     DISCHARGE INTO SEWERS. Lessee shall not discharge into the
         wastewater or stormwater systems of the Metropolitan Sewer District
         (MSD) any substance in violation of applicable laws, ordinances, orders
         or regulations or, without limiting the generality of the foregoing,
         substances (i) prohibited by Ordinance No. 8472 of MSD, or (ii) if
         permitted by Ordinance No. 8472 of MSD after an appropriate NPDES or
         other permit has been obtained, but for which such permit has not been
         obtained or is not in effect, or (iii) which otherwise is prohibited
         under Ordinance No. 8472 of MSD.

         5.6.     ANIMALS. Lessee shall not, without the prior written consent
         of Lessor, which may be given or withheld in Lessor's absolute
         discretion, keep or use any animals on the Leased Premises. If Lessor
         grants such consent at any time and Lessee keeps or uses animals on the
         Leased Premises, Lessee shall comply with all applicable requirements
         of the Animal Welfare Act, 7 U.S.C. P 2131, et seq., as it may be
         amended, and all similar federal, state and local laws, codes,
         ordinances and regulations.

         5.7.     INSURANCE REQUIREMENTS. Upon 30 days written notice, Lessee
         shall comply with all reasonable requirements and requests of any
         insurer or underwriter under any property or liability insurance policy
         maintained by Lessor with respect to the Building and with any
         requirements of the applicable Board of Fire Underwriters.

                                       5
<PAGE>

         5.8.     POLICIES AND PROCEDURES. Lessee shall comply with all Policies
         and Procedures regarding the operation and use of the Leased Premises,
         the Building, and the Common Areas as promulgated by Lessor in writing
         from time to time (the Policies and Procedures).

         5.9.     PARKING. Lessee's employees and visitors may use the common
         parking area at the Building on a non-exclusive, as available basis,
         but if Lessor allocates parking spaces among tenants in the Building,
         Lessee's employee's and visitors may only use the parking spaces so
         allocated to Lessee.

6.       ALTERATIONS AND IMPROVEMENTS; FIXTURES. Lessee shall not make any
alterations, improvements or other changes to the Leased Premises, including but
not limited to boring holes in or attaching fasteners to any masonry or concrete
wall, floor or column, or install any fixtures in the Leased Premises without
the prior written consent of Lessor, which it may withhold or grant in its
absolute discretion but will not unreasonably withhold; provided, however, that
if Lessor has consented that Lessee may obtain access to alternative
telecommunications services, Lessor will not unreasonably withhold its consent
to such reasonable alterations, improvements or other changes as will enable
Lessee to obtain such access. All alterations, improvements and changes, whether
temporary or permanent in character, which are made to the Leased Premises
either by Lessor or Lessee shall, as between Lessor and Lessee, be the sole
property of Lessor and shall remain upon and be surrendered with the Leased
Premises at the expiration or earlier termination of this Lease without
compensation to Lessee. Lessee shall promptly remove all fixtures installed by
Lessee in the Leased Premises if Lessor demands that Lessee do so upon the
expiration or earlier termination of this Lease, and if Lessee fails to do so
within 30 days after such demand, such fixtures shall, as between Lessor and
Lessee, become the sole property of Lessor. Lessee shall repair all damages to
the Leased Premises resulting from such removal, all at Lessee's sole cost and
expense. All installation and removal of Lessee's fixtures shall be done in
accordance with all applicable laws and ordinances and the rules and regulations
of all governmental authorities having jurisdiction.

7.       MAINTENANCE AND REPAIRS

         7.1.     LESSOR. Subject to reasons beyond its control and except as
         otherwise provided in Paragraph 7.2, Lessor will, at its sole cost and
         expense, repair and maintain the Leased Premises, the Building and the
         Property during the Term, except for damages resulting from the
         activities of Lessee or its agents, employees, visitors, licensees,
         contractors, or suppliers, ordinary wear and tear excluded. The
         foregoing notwithstanding, Lessor will not be liable to Lessee for any
         loss or damage to Lessee or its property that result from the
         performance of such maintenance or repair.

         7.2.     LESSEE. Lessee shall keep the Leased Premises in a clean and
         sanitary condition and free from trash, with flammable materials
         properly stored and vented as required by law. Lessee shall take good
         care of the Leased Premises and the fixtures, appurtenances and
         equipment therein and, at its sole cost and expense, make such repairs
         thereto necessitated by the activities of Lessee or its agents,
         employees, visitors, licensees, contractors, or suppliers, as and when
         needed to preserve them in good order and

                                       6
<PAGE>

         condition, ordinary wear and tear excepted. All damage or injury to the
         Leased Premises, including the floors, walls and ceilings (and to the
         fixtures, appurtenances, and equipment therein) or to the Building or
         Property, caused by Lessee, its agents, employees, visitors, licensees,
         contractors, or suppliers, moving, installing or removing furniture
         equipment or other property into, within, or out of the Leased Premises
         shall be repaired, restored, or replaced promptly by Lessee at its sole
         cost and expense. If Lessee fails to make such necessary repairs,
         restorations and replacements, Lessor may do so and any cost or expense
         so incurred by Lessor shall be paid by Lessee to Lessor as additional
         rent payable with the Monthly Rent Installment next becoming due.

8.       DAMAGE TO LEASED PREMISES. If the Leased Premises are damaged and such
damage is not covered by insurance maintained by Lessor, or are destroyed or so
damaged as to be rendered wholly unfit for occupancy and the Leased Premises
cannot in Lessor's reasonable judgment be repaired or restored within 30 days
from the date of such damage or destruction, then this Lease may be terminated
by either the Lessor or the Lessee as of the date of such damage. If this Lease
is so terminated, Lessee shall pay Basic Rent and any Additional Rent and Common
Costs apportioned to the date of such damage and shall immediately surrender the
Leased Premises to Lessor and Lessee will be relieved from any further liability
for Basic Rent and any Additional Rent and Common Costs under this Lease. If
this Lease is not terminated, Lessor will repair the damage as promptly as
reasonably possible and this Lease shall remain in full force and effect, except
that if Lessee cannot use the Leased Premises while such repairs are being made,
Basic Rent and any Additional Rent otherwise payable for such period will not
accrue during such period. If the Leased Premises are so damaged as not to be
rendered wholly unfit for occupancy and such damage is covered by insurance
maintained by Lessor and the proceeds payable on such insurance will be
sufficient to effect repairs, Lessor will repair the Leased Premises as promptly
as reasonably possible after collection of the insurance proceeds, and until the
repairs are completed, Basic Rent and any Additional Rent, as apportioned both
to such period of repair on a per diem basis and according to the extent that
Lessee is unable to use the Leased Premises, will abate.

9.       EMINENT DOMAIN/CONDEMNATION. If the Leased Premises or any substantial
part of the Building or the Property are taken by under any power of eminent
domain or condemnation, this Lease shall terminate immediately upon notice by
Lessor or Lessee to the other. Lessee will have no claim or interest in or to
any award of damages for such taking, but Lessee may seek a separate award for
its damages and expenses as allowed by law.

10.      LESSOR'S RIGHTS OF ACCESS.

         10.1.    CONSTRUCTION. Lessor has the right at any time, upon
         reasonable notice to Lessee, to enter the Leased Premises in connection
         with the completion of tenant fit-out in the Leased Premises, the
         making of repairs to the Building or any Common Area or the
         construction of any additions or improvements to the Building, the
         Property or any Common Area, provided that in the exercise of such
         right Lessor shall not unreasonably interfere with Lessee's use of the
         Leased Premises.

                                       7
<PAGE>

         10.2.    INSPECTIONS AND EMERGENCIES. Lessor has the right to enter the
         Leased Premises at any reasonable time, upon reasonable notice to
         Lessee, to make inspections and at any time to act in emergencies.

11.      INSURANCE.

         11.1.    COMMERCIAL LIABILITY. Lessee shall obtain and maintain
         throughout the Term and pay all premiums for insurance as described in
         Exhibit A hereto. From time to time upon Lessor's request, Lessee shall
         furnish to Lessor a certificate satisfactory to Lessee that such
         insurance is in full force and effect and all premiums due therefor
         have been paid.

         11.2.    WORKERS' COMPENSATION. Lessee shall obtain and maintain
         throughout the Term and pay all premiums for workers'
         compensation/employer's liability insurance as may be required by law.

         11.3.    POLICIES. All policies of insurance that Lessee is required
         under this Lease to maintain shall be issued by solvent and reputable
         insurance companies reasonably acceptable to Lessor and authorized to
         provide insurance in the State of Missouri, and shall be in such form
         as is reasonably acceptable to Lessor and which provides that such
         insurance cannot be cancelled except upon 30 days notice to all
         insureds.

         11.4.    LESSEE'S PROPERTY. Lessee acknowledges that any insurance
         carried by Lessor will not cover loss or damage to any of Lessee's
         property, including any fixtures installed in the Leased Premises. All
         of Lessee's property within the Leased Premises shall be at the sole
         risk of Lessee or those claiming through or under Lessee. Lessee
         assumes all risks of damage or loss to its property at the Leased
         Premises, whatever the cause, including Lessor's negligence.

12.      DEFAULTS AND REMEDIES.

         12.1.    DEFAULTS BY LESSEE. Each of the following events will
         constitute a Default by Lessee under this Lease:

         (a)      Lessee fails to make a payment to Lessor due under this Lease
         within 10 days after notice from Lessor to Lessee that such payment was
         not made when due.

         (b)      Lessee fails to fully perform any other agreement or
         obligation of Lessee under this Lease within 30 days after notice..

         (c)      Lessee files or has filed against it a petition for relief
         under the United States Bankruptcy Code or any analogous state law, or
         makes a general assignment for the benefit of creditors.

         (d)      A receiver or trustee is appointed for, or to take possession
         of, all or a substantial part of the property of Lessee or of Lessee's
         leasehold interest in the Leased Premises and such appointment is not
         discharged within 30 days.

                                       8
<PAGE>

         (e)      Lessee vacates or abandons the Leased Premises.

         (f)      There is an attachment, execution or other judicial seizure of
         all or a substantial part of the assets of Lessee or Lessee's leasehold
         interest in the Leased Premises and such attachment, execution or
         seizure is not discharged within 30 days.

         (g)      If Lessee is not an individual, Lessee dissolves or liquidates
         or substantially ceases to conduct its usual activities.

         References to a Default in any provision of this Lease other than in
         this Section 12 are intended as references only to a Default by Lessee
         described above.

         12.2.    DEFAULTS BY LESSOR. Each of the following events will
         constitute a Default by Lessor under this Lease:

         (a)      Lessor fails to fully perform any agreement or obligation of
         Lessor under this Lease within 30 days after notice and such failure
         materially prevents Lessee from conducting its usual activities in the
         Leased Premises.

         (c)      Lessor files or has filed against it a petition for relief
         under the United States Bankruptcy Code or any analogous state law, or
         makes a general assignment for the benefit of creditors.

         (d)      A receiver or trustee is appointed for, or to take possession
         of, all or a substantial part of the property of Lessor or of Lessor's
         leasehold interest in the Building and Property and such appointment is
         not discharged within 30 days.

         (e)      Lessor vacates or abandons the Leased Premises.

         (f)      There is an attachment, execution or other judicial seizure of
         all or a substantial part of the assets of Lessor or Lessor's leasehold
         interest in the Building and Property and such attachment, execution or
         seizure is not discharged within 30 days.

         (g)      Lessor dissolves or liquidates or substantially ceases to
         conduct its usual activities.

         12.3.    REMEDIES OF LESSOR. Upon the occurrence of a Default by Lessee
         that is not waived in writing by Lessor:

         (a)      Lessor may re-enter and repossess the Leased Premises, in
         which event this Lease shall terminate without prejudice to the right
         of Lessor to recover from Lessee all Basic Rent and any Additional Rent
         and Common Costs then due and unpaid; and Lessor may re-sublet the
         Leased Premises for the remainder of the Term and recover from Lessee
         the difference between the rents provided under this Lease and the
         amount rents obtained by such re-letting, less the costs and expenses
         reasonably incurred by Lessor in such re-letting. If the rents obtained
         upon re-subletting exceed the rents provided under this Lease, Lessor
         will not be required to pay such excess to Lessee.

                                       9
<PAGE>

         (b)      Lessor shall be entitled to obtain a judgment against Lessee
         for any amount then due and unpaid under this Lease, together with all
         the Basic Rent and Additional Rent and Common Costs, if any, payable by
         Lessee for the balance of the Term as if they had become immediately
         due and payable, together with all costs of collection, including
         attorneys fees.

         12.4.    REMEDIES OF LESSEE. Upon the occurrence of a Default by Lessor
         that is not waived in writing by Lessee, Lessee may terminate the lease
         upon 30 days written notice.

13.      NON-WAIVER. Acceptance by Lessor of part of any payment due from Lessee
shall not constitute an accord and satisfaction or waiver of the right of Lessor
to collect the remainder. Failure of either party to complain of any act or
omission on the part of the other party, no matter how long the same may
continue, shall not be deemed to be a waiver by said party of any of their
rights hereunder. No waiver by either party at any time, express or implied, or
any breach of any provision of this or a consent to any subsequent breach of the
same or any other provision.

14.      SUBORDINATION TO MORTGAGE. This Lease shall be subject and subordinate
at all times to any mortgage on the Building and/or the Property which Lessor or
any successor in title may at any time grant. Lessee shall execute and deliver
such further instruments subordinating this Lease to the lien of any such
mortgage as may be reasonably requested or demanded by the mortgagee, provided
that such instrument contains a provisions that Lessee's use and enjoyment of
the Leased Premises may not be disturbed unless and until a Default by Lessee
has occurred. Lessee hereby appoints Lessor as the attorney-in-fact of Lessee
with the irrevocable power to deliver any such instrument or instruments on
behalf of Lessee. The holder of any mortgage on the Building or the Property,
either in its capacity as mortgagee, mortgagee in possession, or successor in
title, or any purchaser of the Building or the Property, as applicable, at a
foreclosure sale under any such mortgage, will not be liable or accountable to
Lessee for the Security Deposit.

15.      SURRENDER ON EXPIRATION OR EARLIER TERMINATION. Lessee shall surrender
the Leased Premises to Lessor immediately upon expiration or earlier termination
of this Lease, broom clean and in as good condition as existed on the
Commencement Date, ordinary wear and tear and damage as contemplated in
Paragraph 8 hereof alone excepted. Lessee shall at its sole cost and expense
remove all property of Lessee within the Leased Premises remove all fixtures
which Lessor has demand that Lessee remove as provided in Paragraph 6 hereof,
repair all damages to the Leased Premises caused by such removal and restore the
Leased Premises to the condition in which they were prior to the installation of
the items so removed. All property of Lessee that is not removed from the
Leased Premises as provided in this Paragraph will be deemed to have been
abandoned by Lessee and may be retained or disposed of by Lessor without any
liability or accountability to Lessee. The obligations of Lessee under this
Paragraph shall survive the expiration of earlier termination of the Term.

16.      HOLDING OVER. If Lessee does not surrender possession of the Leased
Premises as required under Paragraph 15, Lessee shall become a tenant from month
to month provided that Lessee pays Basic Rent, Additional Rent and Common Costs
to Lessor in such amounts as Lessor is then charging for space in the Building
comparable to the Leased Premises, but until

                                       10
<PAGE>

Lessor accepts the tender thereof, Lessor shall continue to be entitled to
re-enter or repossess the Leased Premises as provided in Paragraph 12.1 in the
case of a Default, and Lessee shall be liable to Lessor for any loss or damage
it may sustain by reason of Lessee's failure to so surrender possession of the
Leased Premises.

17.      ASSIGNMENT AND SUBLETTING. Lessee shall not assign, transfer, mortgage,
or encumber this Lease, or sublet the Leased Premises, without obtaining the
prior written consent of Lessor, which may be withheld or granted in the
absolute discretion of Lessor. The consent by Lessor to any assignment,
transfer, or subletting shall not constitute a waiver of any of the agreements
of Lessee in this Lease, nor shall the collection or acceptance of rents or
other amounts from any such assignee, transferee, or sublessee constitute a
waiver of any of the agreements of Lessee in this Lease.

18.      RIGHTS AND REMEDIES CUMULATIVE. The rights and remedies provided by
this Lease are cumulative and in addition to any other rights and remedies
provided by law or in equity, and the use of any right or remedy shall not
preclude or waive the right the right to use any other remedy.

19.      NOTICES AND DEMANDS. All notices required or permitted under this Lease
shall be deemed to have been given if either personally delivered to the Chief
Executive Officer, Chief Operating Officer, Chief Financial Officer, or
Controller of Lessee, or deposited in the United States mail, certified or
registered with return receipt requested, postage prepaid, addressed to the
intended recipient at the address of the intended recipient contained in this
Lease, or to such other address as the intended recipient has given notice to
the sender as provided in this Paragraph, and in the case of a notice addressed
to Lessee, to the attention of Chief Executive Officer, Chief Operating Officer,
Chief Financial Officer, or Controller of Lessee, or in the case of a notice to
Lessor, to the attention of the President or Director of Operations of Lessee.

20.      LESSOR'S RIGHT TO REMEDY LESSEE'S BREACHES. If Lessee fails to obtain
and maintain insurance, or to comply with Environmental Requirements, or
otherwise fail to fully perform any of Lessee's agreements in this Lease, Lessor
may do so upon 30 days written notice to Lessee, except for emergency
Environmental Requirements, as Lessee's attorney-in-fact, after the expiration
of, any notice or grace period provided in this Lease, and all reasonable
out-of-pocket costs and expenses incurred or paid by Lessor in connection
therewith will be added to the next Monthly Rent Installment and will be due and
payable as such, or Lessor may deduct the amount thereof from the Security
Deposit. Lessor's rights under this Paragraph are in addition to the rights of
Lessor under Paragraph 12.1.

21.      SIGNS. Lessor will provide a directory in the lobby area of the
Building and will identify Lessee's business name thereon and will provide a
name plate on or near the door to the Leased Premises. Lessee will not have the
right to place any other signs in the Building or Common Areas without Lessor's
prior written consent, which Lessor may withhold or grant in its absolute
discretion.

22.      LESSEE'S INDEMNITY. Lessee shall indemnify Lessor and its officers,
directors, agents, and employees and save them harmless from and defend them
against all claims, actions, losses, costs and expenses (including reasonable
attorneys' and other professional fees), judgments,

                                       11
<PAGE>

settlement payments, and, whether or not reduced to final judgment, all
liabilities, damages, or fines paid, incurred or suffered by such parties in
connection with loss of life, personal injury, or damage to property or the
environment to the extent arising, directly or indirectly, from any acts or
omissions of Lessee or any of its principals, officers, directors, agents,
employees, contractors, or invitees or any other occupant of the Leased
Premises, including such acts or omissions that are in violation of any of the
provisions of this Lease and any such act or omission involving the use,
handling, generation, treatment, storage, disposal, other management or release
of any Hazardous Substance. Lessee's obligations and liabilities under this
Paragraph shall survive the expiration or earlier termination of this Lease.

23.      CAPTIONS OF ARTICLES. The captions of the Paragraphs in this Lease are
for convenient reference only, and the words contained therein shall be in no
way held to explain, modify, amplify or aid in the interpretation, construction,
or meaning of the provisions of this instrument.

24.      SUCCESSORS AND ASSIGNS. This Lease binds Lessee and Lessee's heirs,
successors and assigns and inures to the benefit of Lessor and its successors
and assigns. This lease is not assignable by the Lessee, nor may the Leased
Premises be sublet, without the prior written consent of Lessor, which may be
granted or withheld in the absolute discretion of Lessor.

25.      GOVERNING LAW. This Lease shall be governed by and construed and
interpreted in accordance with the internal laws of the State of Missouri
applicable to contracts made and to be performed wholly within Missouri.

26.      FINAL AGREEMENT. This Lease is intended by the parties as a final
expression of their agreements with respect to its subject matter and is
intended as a complete and exclusive statement of the terms and conditions
thereof.

27.      AMENDMENTS AND WAIVERS. No amendment to, waiver of or departure from
full compliance with any provision of this Lease by Lessee, or consent to any
departure by Lessee herefrom, will be effective unless it is in writing and
signed by authorized officer of Lessor. Any such waiver or consent will be
effective only in the specific instance and for the purpose for which given.

Executed as of the Lease Effective Date specified in Exhibit A hereto.

                                    LESSOR:

                                       12
<PAGE>

                                EMERGING TECHNOLOGIES BUILDING II,
                                LLC
                                by its Manager

                                        Emerging Technologies Management
                                        Corporation
                                        by its Vice President

                                        /s/ William B. Simon
                                        ---------------------------
                                                William B. Simon

                                LESSEE:

                                /s/ B. J. HOGG
                                -----------------------------------------
                                by its
                                       ------------------
                                -----------------------------------------
                                                --------------------

                                       13
<PAGE>

                                    EXHIBIT A

Name of Lessee: Stereotaxis, Inc.

Notice Address of Lessee: 4041 Forest Park Avenue, St. Louis, MO 63108-2211

Description of Leased Premises:

             The entire third floor (except for the rest rooms, janitor's closet
         and electrical/telephone closets) and the north end of the first floor
         which is further identified as all 3xx suites and suite 140 in the
         Building and is approximately delineated on the sketch in Attachment 1
         hereto, and consists of 14,735 ft(2) on the third floor and 8,020 ft(2)
         on the first floor.

Lease Effective Date: August 15, 2001

Term: Three (3) years plus 4.5 months

Commencement Date: August 15, 2001

Expiration Date: December 31, 2004.

Lessee shall have the option to renew this Lease for four additional three month
terms (the "Renewal Terms") commencing at the end of the initial Term or each
Renewal Term by giving Lessor written notice of renewal no later than ninety
(90) days prior to the end of the Initial Term or the applicable Renewal Term,
as the case may be. Such Renewal Term shall be on the same terms and conditions
as contained herein (including as to Basic Rent as provided below), provided
that Lessee may, at its option lease only a portion of the Premises (i.e.,
either the third floor space or the individual suites on either the first floor
or the 2nd floor), provided that the rent shall be adjusted appropriately on a
pro rata basis based on the square footage of the premises covered by such
renewal, and provided that Lessee may not exercise a renewal option for only
part of any contiguous space without the prior written consent of the Lessor. By
way of example, Lessee cannot divide the either the 3rd floor space and lease
only part of such without the prior written consent of the Lessor.

Basic Rent:

         $ 15 per square foot per year ($301,650.00 per annum), or $ 25,137.50
per month, for the period from the Commencement Date to January 1, 2002. $ 15.75
per square foot per year ($316,732.50 per annum), or $26,394.38 per month, for
the period from January 1, 2002 to January 1, 2003. $ 16.50 per square foot per
year ($331,815.00 per annum), or $ 27,651.25 per month, for the period from
January 1, 2003 to January 1, 2004. $ 17.25 per square foot per year
($346,897.50 per annum), or $ 28,908.13 per month, for the period from the
January 1, 2004 to December 31, 2004. $18 per square foot per year for the
period from January 1, 2005 to December 31, 2005, in equal monthly installments.

                                       i

<PAGE>

Monthly Rent Installments:

         Payable on the Commencement Date: $ 12,568.76

         Payable on the first day of each month after the Commencement Date:
$25,137.50

         Payable on the first day of the last month of the Term: $13,825.63

Security Deposit: $25,137.50

Common Costs and Lessee's Share: (1) Common Costs include property taxes on the
Building (shared based on square footage of spaces leased and estimated, but not
guaranteed to be $0.12 per square foot per year);

Special Service Charges: (1) Parking: $0.50 per square foot per year, payable in
monthly installments to Center for Emerging Technologies once the Parking Lot at
the Northwest corner of Sarah and Forest Park is available; (2)
Telecommunications charges - see Attachment 2 hereto Tenant fit-out to be built
by Lessor, if any, is described on Attachment 1 hereto.

Additional Permitted Uses of Leased Premises: Third floor-general office, First
floor-assembly and engineering functions.

Insurance required to be maintained by Lessee:

(1)      Commercial General Liability insurance, with Lessor, the Land Clearance
for Redevelopment Authority of the City of Louis, St. Louis Development
Corporation, the U.S. Economic Development Administration, the Missouri
Development Finance Corp., the University of Missouri, the Missouri Department
of Economic Development and Midwest BankCentre named as additional insureds and
having the following coverages and limits:

                  (a)      Products and Completed Operations: $2,000,000

                  (b)      General Aggregate: $2,000,000

                  (c)      Personal Injury/Advertising Injury Liability:
                           $1,000,000

                  (d)      Per Occurrence: $1,000,000

                  (e)      Fire Legal Liability: $300,000 ($1,000,000 if wet lab
                           space is included in the Leased Premises)

                  (f)      Medical Payments: $5,000

                                       ii

<PAGE>

Lessee's Right to Terminate: Lessee may terminate this Lease upon 30 days
written notice if (i) Lessor fails to fully perform any agreement or obligation
of Lessor under this Lease within 30 days after notice from Lessee to Lessor, or
(ii) Lessor files or has filed against it a petition for relief under the United
States Bankruptcy Code or any analogous state law, or makes a general assignment
for the benefit of creditors, or a receiver or trustee is appointed for, or to
take possession of, the Leased Premises, or (iii) Lessor dissolves or liquidates
or substantially ceases to conduct its usual activities.

                                      iii

<PAGE>

                                  ATTACHMENT 1
               DESCRIPTION OF TENANT FIT-OUT TO BE BUILT BY LESSOR
                               See attached pages

Lessor's Lessee acknowledge that Tenant Fit-Out has been satisfactory completed

                                        i

<PAGE>

                                  ATTACHMENT 2
                          TELECOMMUNICATIONS USER FEES
                   PAYABLE TO CENTER FOR EMERGING TECHNOLOGIES

Tenant phone line usage is expected to be one (1) line per 200 square feet.
Charges based on the following schedule of fees are payable each month as
invoiced for the telecommunications products and services used at the Center:

1. Line charge (per each number), i.e.

         a. Direct Inward Dial (DID) 615-69xx, or 63xx         $35.00/month
         b. Non-DID (dial out or around GET) 615-68xx   $20.00/month
         c. Installationor moves                        $35.00 each

2. Telephone equipment (per each)

         a. Basic analog desk set (Lucent model 8102)          $ 7.00/month
         b. Digital desk set (Lucent 8405B+)            $10.00/month
         c. Digital display desk set (Lucent 8410D)     $14.00/month

3. Data port activation (Ethernet)

         a. Charge per active 10/100 meg autos data port       $ 8.00/month/port
         b. Installation or moves                              $10.00 each
         c. Charge per active data port                 $20.00/month/port if
                                                        used without telephone
                                                        line activation

         Network cards are the responsibility of each tenant.

4. Long distance charges                                ) Actual cost including
                                                          all applicable taxes
                                                        ) and fees

                                                        )

6. Any special programming, maintenance work,           )
   systems enhancements, fiber connections,                    )
   networking hardware and software, or
   expansion of telecommunications equipment,
   line requirements, ports, etc.

7. Keys and High Security Key Cards (or Fobs)

         a. Key Cards or Fobs                                  $20 deposit
         b. Keys (or other locksmith work) (over 1 per 250 sf) $10 each or
                                                               direct expense

All special charges not detailed on the above schedule will be communicated to
Lessee prior to commencement of work. The above fees may be adjusted at any time
with 30 days advance notification to tenant.

                                       i

<PAGE>

                                       ii

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