EXHIBIT 10.48 

Field Point Capital Management Company

35 Vista Drive

Greenwich, CT 06830

 

 

January 26, 2022

PASSUR Aerospace, Inc.

3452 Lake Lynda Drive, Suite 190

Orlando, FL 32817

 

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 January 27, 2023.

 

Liquidity

 

I commit that if the Company at any time is unable to meet its obligations through January 27, 2023, 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 January 27, 2023. 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 January 27, 2023.

 

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

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