EXHIBIT 10.1
NOXSO CORPORATION
March 15, 2004
Xx. X.X. Xxxx, President & CEO
Cheong Tat Corporation
0000 Xxxx Xxxxxxxx Xxxx, Xxxxx 000
Xxx Xxxxx, XX 00000
Re: Rescission of Securities Purchase Agreement dated December 15, 2003
To Whom It May Concern:
This letter is written to memorialize our understanding that the Securities
Purchase Agreement (the "Agreement"), dated December 15, 2003, by and between
Cheong Tat Corporation and Noxso Corporation is hereby rescinded. As a result,
the Agreement is null and void and neither party has any obligation to the other
as a result of the Agreement.
If the foregoing correctly memorializes our understanding please acknowledge the
same by signing below.
Sincerely,
NOXSO Corporation
/s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
President
AGREED AND APPROVED as of the above date:
CHEONG TAT CORPORATION
By: /s/ X.X. Xxxx
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X.X. Xxxx
President & CEO
