PERRITT FUNDS, INC.

SECOND AMENDMENT TO THE

FUND ADMINISTRATION SERVICING AGREEMENT

THIS SECOND AMENDMENT dated as of the 9th day of January, 2014, to the Fund Administration Servicing Agreement dated as of August 21, 2012, as amended February 28, 2013 (the "Agreement"), is entered into by and between PERRITT FUNDS, INC., a Maryland corporation (the "Company") and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend the Agreement to add a fund; and

WHEREAS, Section 11 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Amended Exhibit A of the Agreement is hereby superseded and replaced with Amended Exhibit A attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.

PERRITT FUNDS, INC.	U.S. BANCORP FUND SERVICES, LLC
By:  /s/ Mark Buh	By:  /s/ Michael R. McVoy
Name:  Mark Buh	Printed Name:  Michael R. McVoy
Title:      CFO	Title:  Executive Vice President

Perritt Fund/2014 1

Amended Exhibit A to the Fund Administration Servicing Agreement - Perritt Funds, Inc.

Fund Names

Separate Series ofPerritt Funds, Inc.

Name of Series

Perritt Ultra MicroCap Fund

Perritt MicroCap Opportunities Fund

Perritt Low Priced Stock Fund

Perritt Fund/2014 2