Exhibit 5
J-Bird Music Group Ltd.
Form 10-SB, Amendment No. 1
File No. 0-24449
FEILD TECHNOLOGIES, LLC
000 XXXXXXXXXX XXX., XXXXX 00
XXXXXX, XX 00000-0000
Tel: (000) 000-0000
Fax: (000) 000-0000
Date April 15, 1997
Re: Option Agreement
This Option agreement made between Caltron, Inc. (Caltron) and
Feild Technologies, LLC. (FTL) is an option to trade all of the
USA and Foreign Valve Patents presently owned by Caltron for a
five percent (5%) ownership in FTL. (These Patents were formerly
owned by Laminar Fluid Controls, Inc.)
The payout of profits of FTL will be based on the percentage of
ownership, according to the FTL Operating Agreement signed and
dated January 16, 1997.
The above 16 page "Operating Agreement of FTL", was written by
our attorneys, Xxxxxx and Xxxxxxxx of Bangor Maine.
If the above mentioned 5% ownership does not generate and pay to
Caltron $100,000 over a period of two years, FTL will give an
additional 5% of the company to Caltron. The additional 5% will
be transferred to Caltron at no cost to Caltron. The two year
period will start with the date of the legal transfer of the
patents to FTL from Caltron.
FTL owns a number of fluid control ideas and is in the process of
obtaining additional patents. FTL does not own ideas, or related
devices, pertaining to fuel or other liquid modification.
Caltron agrees that the patents are free and clear of any and all
encumbrances. Caltron also agrees that all maintenance fees in
all countries have been paid and that the patents are up to date,
on the date of transfer to LFC.
Caltron agrees this option will be in force until FTL's patent
attorney, Xxxxx XxXxxxxx can execute the necessary documents to
complete the patent transfer from Caltron to FTL.
/s/ Xxxx Xxxxxxxxxx Date /s/ Xxxxxx Xxxxx Date
President. President
Caltron, Inc. Feild Technologies,
LLC.
