Irrevocable Financial Support Commitment by G.S. Beckwith Gilbert to PASSUR Aerospace, Inc. (March 14, 2018)

Summary

G.S. Beckwith Gilbert, as Chairman and principal shareholder of PASSUR Aerospace, Inc., commits to provide financial support to the company from March 14, 2018, through March 14, 2019. If PASSUR Aerospace cannot meet its financial obligations during this period, Mr. Gilbert will supply the necessary funds, either through loans, advances, or deferral of payments on existing loans. This commitment is unconditional and cannot be revoked before March 14, 2019, ensuring the company can continue operating as a going concern.

EX-10.1 2 exh10_1.htm COMMITMENT OF G.S. BECKWITH GILBERT, DATED MARCH 14, 2018.

Exhibit 10.1

Field Point Capital Management Company

One Landmark Square, Suite 1900

Stamford, CT 06901

March 14, 2018

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 March 14, 2019.

Liquidity

I commit that if the Company at any time is unable to meet its obligations through March 14, 2019, 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 March 14, 2019. 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 March 14, 2019.

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