Document:

Exhibit 10.2

                            DEBT EXTENSION AGREEMENT

This Agreement is made and entered into as of this 11th day of June 2014, by and
between G. S. Beckwith Gilbert, of 35 Vista Drive, Greenwich, Connecticut 06830
("Lender"), and PASSUR Aerospace, Inc. (formerly MEGADATA CORPORATION), a New
York corporation, with a principal place of business at One Landmark Square,
Suite 1900, Stamford, CT 06901 ("Borrower" or "PASSUR Aerospace"):

                                   WITNESSETH

     WHEREAS, PASSUR Aerospace has issued a promissory note to Lender for value
received;

     WHEREAS, the total amount due and owing under the promissory note and
accrued interest as of June 11, 2014 is $3,891,934 (the "Existing Note"); and

     WHEREAS, Lender and PASSUR Aerospace desire to modify certain terms and
conditions of the Existing Note as of the date of this Agreement and issue a
replacement promissory note (the "Replacement Note") in exchange for the
Existing Note and other value received upon the terms and conditions set forth
herein (the "Exchange").

     NOW, THEREFORE, in consideration of the foregoing and the agreements
contained herein, the parties hereby agree as follows:

1. MODIFICATION OF PREVIOUS NOTES:

     The Existing Note shall be exchanged for the Replacement Note as set forth
herein. Notwithstanding the foregoing, after the effectiveness of the Exchange,
PASSUR Aerospace and the Lender agree that PASSUR Aerospace shall pay to Lender
all of the accrued interest as of the date hereof under the Existing Note, which
is equal to $27,054, at the time and on the terms set forth in the Existing Note
for the payment of interest.

<PAGE>

2. ISSUANCE AND TERMS OF REPLACEMENT NOTE; THE EXCHANGE:

     For value received, on the date hereof, PASSUR Aerospace shall issue the
Replacement Note to Lender in the aggregate principal amount of $3,864,880 in
exchange for the Existing Note. The Replacement Note will be in the form
attached as Exhibit A hereto and will have the following terms:

     (a)  TERM. The principal amount of the Replacement Note, together with any
          and all accrued and unpaid interest thereon, shall be paid in full on
          November 1, 2016.

     (b)  INTEREST. The Replacement Note or any New Replacement Note shall bear
          interest on the unpaid principal amount, from the date of issuance
          until paid in full at maturity. Interest shall be payable at the
          annual rate of 6.0% from June 11, 2014 to November 1, 2016 payable in
          cash. Interest payments shall be made annually at October 31 of each
          year.

     (c)  PREPAYMENT TERMS. The Replacement Note or any New Replacement Note
          plus accrued interest may be prepaid in full at anytime without
          penalty.

     (d)  SECURITY INTEREST: The security interest previously conveyed to lender
          shall continue in full force and effect as an integral part of the
          Replacement Note, as described in section (b) of the Replacement Note.

3. MISCELLANEOUS.

     (a)  AMENDMENT AND MODIFICATION. This Agreement may be amended, modified
          and supplemented only by a written instrument signed by all of the
          parties hereto expressly stating that such instrument is intended to
          amend, modify or supplement this Agreement.

     (b)  ENTIRE AGREEMENT. This Agreement contains the entire agreement between
          the parties hereto with respect to the subject matter hereof and
          supersedes all prior agreements and understandings, oral or written,
          with respect to such matters.

     (c)  SEVERABILITY. If any provision of this Agreement shall be determined
          to be invalid or unenforceable under law, such determination shall not
          affect the validity or enforceability of the remaining provisions of
          this Agreement.

     (d)  GOVERNING LAW; JURISDICTION. This Agreement shall be governed by and
          construed in accordance with the laws of the State of New York,
          without regard to the conflicts of law rules of such state.

     (e)  COUNTERPARTS. This Agreement may be executed in one or more
          counterparts, each of which shall be deemed an original, and all of
          which shall constitute one and the same agreement and shall become
          effective when one or more counterparts have been signed by each of
          the parties and delivered to the other party, it being understood that
          both parties need not sign the same counterpart.

<PAGE>

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year written above.

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

                                   By: /s/James T. Barry
                                       -----------------
                                   Name:  James T. Barry
                                   Title:  President and Chief Executive Officer

                                   By: /s/Jeffrey P. Devaney
                                          ------------------
                                   Name:  Jeffrey P. Devaney
                                   Title:  Chief Financial Officer

                                   LENDER
                                   G.S. Beckwith Gilbert
                                   35 Vista Drive
                                   Greenwich, Connecticut 06830

                                   By: /s/G.S. Beckwith Gilbert
                                       ------------------------
                                   Name:  G.S. Beckwith GilbertExhibit 10.3

                            SECURED PROMISSORY NOTE

$3,864,880                                                GREENWICH, CONNECTICUT
                                                          AS OF June 11, 2014

     (a)  For value received, PASSUR Aerospace, Inc. (formerly MEGADATA
          CORPORATION), a New York corporation (hereinafter referred to as
          "Borrower"), hereby unconditionally PROMISES TO PAY to the order of
          G.S. Beckwith Gilbert ("Lender"), or his permitted assigns, to an
          account designated by Lender, in lawful money of the United States of
          America and in immediately available funds, the principal sum of three
          million eight hundred sixty four thousand and eight hundred eighty
          dollars ($3,864,880) together with interest on the unpaid principal
          amount of this Note. Interest shall be payable at the annual rate of
          6.0% from June 11, 2014 to November 1, 2016 payable in cash. Interest
          payments shall be made annually at October 31 of each year.

     The principal amount evidenced hereby will be repaid in full on November 1,
2016. All accrued and unpaid interest hereunder as of November 1, 2016, shall be
payable on such date.

     Notwithstanding the foregoing, the principal amount of the indebtedness
evidenced hereby, together with all accrued interest, shall be immediately due
and payable upon written notice to Borrower from Lender upon the happening of
any of the following Events of Default:

     (a)  Any representation or warranty in the Securities Purchase Agreement,
          dated September 18, 1996, between Borrower and Lender shall be untrue
          or incorrect in any material respect;

     (b)  Any of the assets of Borrower shall be attached, seized, levied upon
          or subjected to a writ or distress warrant, or come within the
          possession of any receiver, trustee, custodian or assignee for the
          benefit of creditors of Borrower and shall remain unstayed or
          undismissed for thirty (30) consecutive days; or any person other than
          Borrower shall apply for the appointment of a receiver, trustee or
          custodian for any of the assets of Borrower and shall remain unstayed
          or undismissed for thirty (30) consecutive days; or Borrower shall
          have concealed, removed or permitted to be concealed or removed, any
          part of its property, with the intent to hinder, delay or defraud its
          creditors or any of them or made or suffered a transfer of any of its
          property or the incurring of an obligation which may be fraudulent
          under any bankruptcy, fraudulent conveyance or other similar law;

<PAGE>

     (c)  A case or proceeding shall have been commenced against Borrower in a
          court having competent jurisdiction seeking a decree or order in
          respect of Borrower (i) under title 11 of the United States Code, as
          now constituted or hereafter amended, or any other applicable federal,
          state or foreign bankruptcy or other similar law, (ii) appointing a
          custodian, receiver, liquidator, assignee, trustee or sequestrator (or
          similar official) of Borrower or of any substantial part of its
          properties, or (iii) ordering the winding-up or liquidation of the
          affairs of Borrower and such case or proceeding shall remain
          undismissed or unstayed for thirty (30) consecutive days or such court
          shall enter a decree or order granting the relief sought in such case
          or proceeding;

     (d)  Borrower shall (i) file a petition seeking relief under title 11 of
          the United States Code, as now constituted or hereafter amended, or
          any other applicable federal, state or foreign bankruptcy or other
          similar law, (ii) consent to the institution of proceedings thereunder
          or to the filing of any such petition or to the appointment of or
          taking possession by a custodian, receiver, liquidator, assignee,
          trustee or sequestrator (or similar official) of Borrower or of any
          substantial part of its properties, (iii) fail generally to pay its
          debts as such debts become due, or (iv) take any corporate action in
          furtherance of any such action;

     (e)  Final judgment or judgments (after the expiration of all times to
          appeal therefrom) for the payment of money in excess of $100,000 in
          the aggregate shall be rendered against Borrower and the same shall
          not be vacated, stayed, bonded, paid or discharged for a period of
          thirty (30) days; or

     (f)  Any other event shall have occurred which would have a material
          adverse effect on Borrower or its assets or financial condition in
          Lender's reasonable judgment and Lender shall have given Borrower at
          least twenty (20) days notice thereof.

     As security for any and all liabilities of the Borrower to Lender, now
existing or hereafter arising hereunder, or otherwise, Lender is hereby given a
lien upon and a security interest in any and all moneys or other property (i.e.,
goods and merchandise, as well as any and all documents relative thereto; also,
funds, securities, chooses in action and any and all other forms of property
whether real, personal or mixed, and any right, title or interest of the
Borrower therein or thereto), and/or the proceeds thereof, including (without
limitation of the foregoing) that in safekeeping or in which Borrower may have
any interest. In the event of the happening of any one or more Events of
Default, Lender shall have all of the rights and remedies provided to a secured
party by the Uniform Commercial Code in effect in New York State at that time
and, in addition thereto, the Borrower further agrees that (1) in the event that
notice is necessary, written notice delivered to the Borrower at its principal
executive offices ten business days prior to the date of public sale of the
property subject to the lien and security interest created herein or prior to
the date after which private sale or any other disposition of said property will
be made shall constitute reasonable notice, but notice given in any other
reasonable manner or at any other reasonable time shall be sufficient, (2) in
the event of sale or other disposition of such property, Lender may apply the
proceeds of any such sale or disposition to the satisfaction of Lenders
reasonable attorneys' fees, legal expenses and other costs and expenses incurred
in connection with the retaking, holding, preparing for sale, and selling of the
property, and (3) without precluding any other methods of sale, the sale of
property shall have been made in a commercially reasonable manner if conducted
in conformity with reasonable commercial practices of banks disposing of similar
property.

<PAGE>

     Demand, presentment, protest and notice of nonpayment and protest are
hereby waived by Borrower.

     This Note has been executed, delivered and accepted in the State of New
York and shall be interpreted, governed by, and construed in accordance with,
the laws of the State of New York.

                                        PASSUR Aerospace, Inc.

                                               By:/s/Jeffrey P. Devaney
                                                  ----------------------
                                                     Jeffrey P. Devaney
                                         Title:  Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}]]