PASSUR Aerospace, Inc. - FORM 10-Q - EX-10.1 - June 14, 2011

Attached files

file filename
10-Q - PASSUR Aerospace, Inc.t306395.txt
EX-32.1 - PASSUR Aerospace, Inc.exh32-1.txt
EX-32.2 - PASSUR Aerospace, Inc.exh32-2.txt
EX-31.2 - PASSUR Aerospace, Inc.exh31-2.txt
EX-31.1 - PASSUR Aerospace, Inc.exh31-1.txt
 

                                                                    EXHIBIT 10.1

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


June 6, 2011

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 June 6, 2012.

LIQUIDITY

I commit that if the Company at any time is unable to meet its obligations
through June 6, 2012, 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 June 6, 2012. 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 June 6, 2012.

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