TERMINATION AGREEMENT

TERMINATION AGREEMENT

THIS TERMINATION AGREEMENT, effective as of the 30 ^th day of April, 2004, is entered into by and among Next, Inc. (the “Company”), Charles L. Thompson (“Thompson”), The William B. III and Cindy S. Hensley Family Limited Partnership (the “Partnership”) and Dan F. Cooke (“Cooke”).

WHEREAS, the Company and each of Thompson, the Partnership and Cooke have entered into Lock-Up Agreements with respect to the Company’s common stock.

WHEREAS, the Company, Thompson, the Partnership and Cooke desire to terminate said Lock-Up Agreements.

NOW THEREFORE, in consideration for the premises herein contained and other good and valuable consideration, the receipt and legal sufficien