EXHIBIT 99.10
TERMINATION AGREEMENT
THIS
TERMINATION
AGREEMENT (the "Agreement") is made and entered into
effective as of June 23, 2005, by and
among, NEXICON, INC. F/K/A CYCO.NET, INC.,
incorporated and existing under the laws of
the State of Nevada (the "Company"),
CORNELL CAPITAL PARTNERS, LP, a Delaware limited
partnership (the
"Investor"),
and CORPORATE STOCK TRANSFER ("CST").
RECITALS:
WHEREAS,
the Company and the
Investor entered into an securities purchase
agreement dated as of May 5, 2004 (the
"Securities
Purchase Agreement"), an
investor's registration rights agreement dated as of May 5, 2004 (the
"Investor's Registration Rights
Agreement"), an escrow agreement dated as of May
5, 2004 (the "Escrow Agreement"), a security agreement dated as of
May 5, 2004
(the "Security Agreement"), a standby equity distribution
agreement dated March
23, 2004 (the "Standby Equity Distribution Agreement"), a registration rights
agreement dated as of March 23, 2004 (the
"Registration Rights Agreement"), and
an escrow agreement dated as of March 23,
2004 (the "SEDA Escrow Agreement"),;
WHEREAS,
the Company, the Investor and CST entered into irrevocable
transfer agent instructions dated March 23, 2004 (the "Transfer Agent
Instructions");
WHEREAS,
the Company
issued and sold to the
Investor as provided in that
certain Securities Purchase Agreement dated March 5, 2004 by and between
the
Company and the Secured Party (the
"Original Securities
Purchase Agreement"),
and the Investor purchased, Five Hu
