AMENDMENT TO
EMPLOYMENT CONTRACT

THIS AMENDMENT (this “Amendment”) to the Employment Contract (as defined
hereinafter) is executed as of February 23, 2011 by and between Sutor Technology
Group Limited, a Nevada corporation (the “Company”), and Naijiang Zhou (the
“Employee”). Capitalized terms used herein without definition shall have the
meanings ascribed thereto in the Employment Contract referred to below.

W I T N E S S E T H:

WHEREAS, the Company and the Employee are parties to that certain Employment
Contract dated as of December 18, 2009 (the “Employment Contract”);

WHEREAS, the Company and the Employee wish to amend the Employment Contract as
set forth in this Amendment;

NOW, THEREFORE, for mutual consideration the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows:
 
 
1.
Amendment to the Employment Contract

 
a. Section 4.1(b) of the Employment Contract shall be replaced in its entirety
with the following:
 
“Party B shall receive 30,000 shares of the common stock of Party A, which shall
be restricted for one year, on or around February 23, 2011 and every subsequent
anniversary thereof, provided that Party B will not be entitled to such shares
if this Contract is terminated by either party before the applicable issuance
date.”
 
 
2.
Agreement Otherwise Unchanged

 
Except as herein provided, the Employment Contract shall remain unchanged and in
full force and effect, and each reference to “the Contract” and words of similar
import in the Employment Contract, as amended hereby, shall be a reference to
the Employment Contract as amended hereby and as the same may be further
amended, supplemented and otherwise modified and in effect from time to time.
 
 
3.
Governing Law.

 
This Amendment shall be governed by and construed in accordance with the laws of
the State of New York.
 
 
 

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4.
Entire Agreement.

 
This Amendment along with the Employment Contract contain the entire
understanding of the parties with respect to the subject matter hereof and
supersedes all prior agreements, understandings, discussions and
representations, oral or written, with respect to such matters, which the
parties acknowledge have been merged into this Amendment.
 
 
5.
Counterparts.

 
This Amendment may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same instrument.
 
 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]
 
 
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date herein above first written.

 
SUTOR TECHNOLOGY GROUP LIMITED
 
 
By:     /s/Lifang Chen
Name: Lifang Chen
Title:   CEO

 

 
EMPLOYEE
 
Name:        Naijiang Zhou
 
Signature: /s/Naijiang Zhou

 
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