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:...Securities Purchase Agreement • March 19th, 2004 • Noxso Corp • Crude petroleum & natural gas
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(the "Agreement"), dated December 15, 2003, by and between Cheong Tat Corporation and Noxso Corporation is hereby rescinded.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.
