[GS China Agreement DEBT CANCELLATION AGREEMENT Agreement Company Creditor This Debt Cancellation Agreement (this “ Debt Common Shares Common Stock Preferred Shares Shares Stockholder Approval st Commission WHEREAS, the Company intends to seek stockholder approval by written consent in lieu of meeting (the “ NOW, THEREFORE, in connection with the conversion and cancellation of the Debt, the Company, Tongyong Shengyuan] [OA Agreement DEBT CANCELLATION AGREEMENT Agreement Company Creditor This Debt Cancellation Agreement (this “ Debt Shares Common Stock NOW, THEREFORE, in connection with the conversion and cancellation of the Debt, the Company, GS Investment and the Creditor, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows: Closing Date 1. Closing Closing Date] [General Steel to Appeal NYSE Delisting Proceedings GSIH BEIJING, July 28, 2016 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") ( On July 18, 2016, the Company received notice from the staff of the NYSE stating that the NYSE has determined to commence proceedings to delist the Company's common stock, and that the Company's common stock would] []