diff --git a/ulib/experimental/Steel.ST.CancellableSpinLock.fst b/ulib/experimental/Steel.ST.CancellableSpinLock.fst
new file mode 100644
index 00000000000..0e6017ac434
--- /dev/null
+++ b/ulib/experimental/Steel.ST.CancellableSpinLock.fst
@@ -0,0 +1,72 @@
+(*
+   Copyright 2021 Microsoft Research
+
+   Licensed under the Apache License, Version 2.0 (the "License");
+   you may not use this file except in compliance with the License.
+   You may obtain a copy of the License at
+
+       http://www.apache.org/licenses/LICENSE-2.0
+
+   Unless required by applicable law or agreed to in writing, software
+   distributed under the License is distributed on an "AS IS" BASIS,
+   WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+   See the License for the specific language governing permissions and
+   limitations under the License.
+
+   Author: Aseem Rastogi
+*)
+
+module Steel.ST.CancellableSpinLock
+
+open Steel.ST.Effect
+open Steel.ST.Util
+open Steel.FractionalPermission
+open Steel.ST.Reference
+open Steel.ST.SpinLock
+
+module G = FStar.Ghost
+
+[@@__reduce__]
+let lock_inv_pred (r:ref bool) (v:vprop) : bool -> vprop =
+  fun b -> pts_to r full_perm b `star` (if b then v else emp)  
+
+[@@__reduce__]
+let lock_inv (r:ref bool) (v:vprop) : vprop = exists_ (lock_inv_pred r v)
+
+noeq
+type cancellable_lock (v:vprop) = {
+  lref   : ref bool;
+  llock  : lock (lock_inv lref v)
+}
+
+let new_cancellable_lock v =
+  let r = alloc true in
+  intro_exists true (lock_inv_pred r v);
+  let l = new_lock (lock_inv r v) in
+  return ({lref = r; llock = l})
+
+[@__reduce__]
+let can_release #v c = pts_to c.lref full_perm true
+
+let acquire #v c =
+  acquire c.llock;
+  let b_erased = elim_exists () in
+  let b = read c.lref in
+  if b
+  then begin
+    rewrite (if b_erased then v else emp) v;
+    rewrite (v `star` can_release c)
+            (maybe_acquired b c)
+  end
+  else begin
+    intro_exists (G.reveal b_erased) (lock_inv_pred c.lref v);
+    release c.llock;
+    rewrite emp (maybe_acquired b c)
+  end;
+  return b
+
+let release #v c =
+  intro_exists true (lock_inv_pred c.lref v);
+  release c.llock
+
+let cancel c = free c.lref
diff --git a/ulib/experimental/Steel.ST.CancellableSpinLock.fsti b/ulib/experimental/Steel.ST.CancellableSpinLock.fsti
new file mode 100644
index 00000000000..62b8d8333b2
--- /dev/null
+++ b/ulib/experimental/Steel.ST.CancellableSpinLock.fsti
@@ -0,0 +1,67 @@
+(*
+   Copyright 2021 Microsoft Research
+
+   Licensed under the Apache License, Version 2.0 (the "License");
+   you may not use this file except in compliance with the License.
+   You may obtain a copy of the License at
+
+       http://www.apache.org/licenses/LICENSE-2.0
+
+   Unless required by applicable law or agreed to in writing, software
+   distributed under the License is distributed on an "AS IS" BASIS,
+   WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+   See the License for the specific language governing permissions and
+   limitations under the License.
+
+   Author: Aseem Rastogi
+*)
+
+module Steel.ST.CancellableSpinLock
+
+open Steel.ST.Effect
+
+/// This module provides a cancellable spinlock Steel library
+///
+/// As with Steel.ST.SpinLock, a cancellable spinlock guards
+///   a separation logic assertion
+///
+/// However, it allows for the cases when the client is not able
+///   to maintain the assertion
+///
+/// At that point, the client may just cancel the lock
+
+
+/// The lock type that guards the assertion `v`
+
+val cancellable_lock (v:vprop) : Type0
+
+/// A cancellable lock can be created by providing `v`
+
+val new_cancellable_lock (v:vprop)
+  : STT (cancellable_lock v) v (fun _ -> emp)
+
+
+/// `can_release` is the permission to release the lock
+///
+/// Acquiring the lock, if it succeeds, provides `v`, the protected assertion
+///   and `can_release`
+
+val can_release (#v:vprop) (c:cancellable_lock v) : vprop
+
+let maybe_acquired (b:bool) (#v:vprop) (c:cancellable_lock v)
+  = if b then (v `star` can_release c) else emp
+
+val acquire (#v:vprop) (c:cancellable_lock v)
+  : STT bool emp (fun b -> maybe_acquired b c)
+
+
+/// The client may provide `v` and `can_release` to release the lock
+
+val release (#v:vprop) (c:cancellable_lock v)
+  : STT unit (v `star` can_release c) (fun _ -> emp)
+
+/// If the client is no longer able to maintain `v`,
+///   they may just cancel the lock by providing `can_release`
+
+val cancel (#v:vprop) (c:cancellable_lock v)
+  : STT unit (can_release c) (fun _ -> emp)