CHURCHLINK ASSETS. Except as the parties hereto shall otherwise agree in writing, the assets listed on EXHIBIT 1, attached hereto, constitute the sole physical assets of ChurchLink. Lone Wolf shall claim no right, title or interest in those assets. In addition, Lone Wolf hereby relinquishes any and all right, title and interest it has, or might be deemed to have, in and to all source codes and programming source codes of ChurchLink currently used in its business and to all other intellectual or intangible property of ChurchLink. Lone Wolf represents and warrants that, as of the Closing Date, all of the assets of ChurchLink listed on EXHIBIT 1, all of its source codes and all of its programming source codes are solely owned by ChurchLink and are free and clear of all liens, encumbrances, pledges, security interests, claims or restrictions thereon of any kind or nature whatsoever, except for the security interests and pledges created and granted to Rickx Xxxxxx xx secure repayment of the Zenex Loan. Specifically, Lone Wolf covenants and agrees to obtain the termination of record of UCC-1 Financing Statement Document No. N0002722 filed by ChurchLink with the Oklahoma County Clerk, State of Oklahoma, from the Secured Party named therein, namely, Futur Omega, L.L.C., on or before the Closing Date, together with a release of the Guaranty made, executed and delivered by ChurchLink to Futur Omega, L.L.C., the performance of which is secured by that certain Security Agreement made, executed and delivered to it by ChurchLink dated June 8, 2000, to which the above-referenced UCC-1 Financing Statement pertains.
