PASSUR Aerospace, Inc. - FORM 10-Q - EX-10.1 - September 12, 2014

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PASSUR Aerospace, Inc.Financial_Report.xls
EX-31.2 - PASSUR Aerospace, Inc.exh31-2.txt
EX-32.2 - PASSUR Aerospace, Inc.exh32-2.txt
EX-31.1 - PASSUR Aerospace, Inc.exh31-1.txt
EX-32.1 - PASSUR Aerospace, Inc.exh32-1.txt
10-Q - PASS - PASSUR Aerospace, Inc.t307469.txt
 


                                                                    EXHIBIT 10.1


FIELD POINT CAPITAL MANAGEMENT COMPANY
ONE LANDMARK SQUARE, SUITE 1900
STAMFORD, CT 06901


September 9, 2014

PASSUR Aerospace, Inc.
One Landmark Square, Suite 1900
Stamford, CT 06901

As Chairman of the Board as well as the principal shareholder of PASSUR
Aerospace, Inc. ("PASSUR Aerospace" or the "Company"), I make the following
commitment to the Company with respect to the period from the date of this
commitment through September 9, 2015.

Liquidity

I commit that if the Company at any time is unable to meet its obligations
through September 9, 2015, that I will provide the necessary continuing
financial support to the Company to ensure the Company's ability to operate as a
going concern through the period ending September 9, 2015. Such continuing
support may take the form of additional loans or advances to PASSUR Aerospace in
addition to the deferral of principal and/or interest payments due on
outstanding loans to PASSUR Aerospace as referred to above.

These commitments are not conditional and are irrevocable through the period
ending September 9, 2015.

I, G.S. Beckwith Gilbert, having the financial wherewithal to enter into this
irrevocable commitment, make the above commitments to the Company and its
shareholders.

/s/ G.S. Beckwith Gilbert
---------------------------
G.S. Beckwith Gilbert
President

PASSUR Aerospace, Inc. Reports