AMENDMENT #2 to the AMENDED AND RESTATED TRANSFER AGENT AND SERVICE AGREEMENT between PEAR TREE FUNDS, f/k/a QUANTITATIVE GROUP OF FUNDS and PEAR TREE ADVISORS, INC., f/k/a QUANTITATIVE INVESTMENT ADVISORS, INC.

AMENDMENT #2

to the

AMENDED AND RESTATED

TRANSFER AGENT AND SERVICE AGREEMENT

between

PEAR TREE FUNDS, f/k/a QUANTITATIVE GROUP OF FUNDS

and

PEAR TREE ADVISORS, INC., f/k/a QUANTITATIVE INVESTMENT ADVISORS, INC.

Amendment dated August 1, 2011 to the Transfer Agent and Service Agreement between Pear Tree Funds and Pear Tree Advisors, Inc. made as of the 1st day of May, 2008, as amended on October 22, 2008.

1.         Exhibit A is replaced in its entirety with the Schedule below.

EXHIBIT A

Pear Tree Columbia Small Cap Fund

Pear Tree Columbia Micro Cap Fund

Pear Tree Quality Fund

Pear Tree Emerging Markets Fund

Pear Tree Polaris Foreign Value Fund

Pear Tree Polaris Foreign Value Small Cap Fund

IN WITNESS WHEREOF, Pear Tree Funds and Pear Tree Advisors, Inc. have each caused this instrument to be signed in duplicate in its behalf by its President or a Vice President, duly authorized on this 1st day of August, 2011.

PEAR TREE FUNDS

By: /s/ Xxxxxxx X. Xxxxxxx

Xxxxxxx X. Xxxxxxx

President

PEAR TREE ADVISORS, INC.

By:/s/ Xxxxxxx X. Xxxxxxx

            Xxxxxxx X. Xxxxxxx

President