SUBSCRIPTION AGREEMENTSubscription Agreement • July 18th, 2014 • General Steel Holdings Inc • Steel works, blast furnaces & rolling & finishing mills • New York
The undersigned (the “Subscriber”) hereby subscribes for 5,000,000 shares (the “Shares”) of common stock, par value $0.001 per share (“Common Stock”), of General Steel Holdings, Inc., a Nevada corporation (the “Company”), at a cash Purchase Price per share of $1.50 for an aggregate purchase price of $7,500,000 (the “Purchase Price”). The Subscriber acknowledges that the $1.50 per share price represents a 23% premium to the volume-weighted average closing price at the end of each trading day of the Common Stock on the New York Stock Exchange for the period from March 5, 2014 through July 11, 2014.
