Rescission Agreement between Noxso Corporation and Cheong Tat Corporation (March 15, 2004)

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Summary

Noxso Corporation and Cheong Tat Corporation have agreed to cancel their Securities Purchase Agreement originally signed on December 15, 2003. By mutual consent, the agreement is now considered null and void, and neither party has any further obligations to the other under that agreement. This rescission is confirmed by the signatures of both parties' representatives.

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EX-10.1 3 ex101form8k031504.txt EXHIBIT 10.1 NOXSO CORPORATION March 15, 2004 Mr. L.D. Fong, President & CEO Cheong Tat Corporation 6130 West Flamingo Road, Suite 149 Las Vegas, NV 89103 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(the "Agreement"), dated December 15, 2003, by and between Cheong Tat Corporation and Noxso Corporation is hereby rescinded.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/ Richard J. Anderson - -------------------------- Richard J. Anderson President AGREED AND APPROVED as of the above date: CHEONG TAT CORPORATION By: /s/ L.D. Fong --------------------- L.D. Fong President & CEO