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<SEC-DOCUMENT>0000897069-10-000057.txt : 20100121
<SEC-HEADER>0000897069-10-000057.hdr.sgml : 20100121
<ACCEPTANCE-DATETIME>20100121132230
ACCESSION NUMBER:		0000897069-10-000057
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100121
DATE AS OF CHANGE:		20100121

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHERN TECHNOLOGIES INTERNATIONAL CORP
		CENTRAL INDEX KEY:			0000875582
		STANDARD INDUSTRIAL CLASSIFICATION:	COATING, ENGRAVING & ALLIED SERVICES [3470]
		IRS NUMBER:				410857886
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-47411
		FILM NUMBER:		10538378

	BUSINESS ADDRESS:	
		STREET 1:		4201 WOODLAND ROAD
		STREET 2:		PO BOX 69
		CITY:			CIRCLE PINES
		STATE:			MN
		ZIP:			55014
		BUSINESS PHONE:		(763) 225-6601

	MAIL ADDRESS:	
		STREET 1:		4201 WOODLAND ROAD
		STREET 2:		PO BOX 69
		CITY:			CIRCLE PINES
		STATE:			MN
		ZIP:			55014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTHERN INSTRUMENTS CORP
		DATE OF NAME CHANGE:	19930328

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERRITT CAPITAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0001279342
		IRS NUMBER:				363538658
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH WACKER DRIVE
		STREET 2:		SUITE 2880
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3126691650

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH WACKER DRIVE
		STREET 2:		SUITE 2880
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>mtv0119104.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body>
        <!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->

        <h1 align="center"><font size="2" face="Times New Roman, Times, Serif">UNITED STATES<br>
        SECURITIES AND EXCHANGE COMMISSION<br>
        Washington, D.C. 20549</font></h1>
        <!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->

        <h1 align="center"><font size="2" face="Times New Roman, Times, Serif">SCHEDULE 13G</font></h1>
        <!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Project" -->

        <h1 align="center"><font size="2" face="Times New Roman, Times, Serif">Under the Securities Exchange Act of 1934<br>
        (Amendment No. __)*</font></h1>

        <table cellspacing="0" cellpadding="0" width="750" align="center">
            <tr valign="bottom">
                <th>
                </th>
            </tr>

            <tr valign="top">
                <td width="100%" align="center">
                    <font size="2" face="Times New Roman, Times, Serif">NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</font>
                    <hr align="center" color="black" size="1" width="70%">
                </td>
            </tr>

            <tr valign="top">
                <td align="center"><font size="1" face="Times New Roman, Times, Serif">(Name of Issuer)</font> </td>
            </tr>

            <tr valign="top">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><br>
                    Common Stock</font>
                    <hr align="center" color="black" size="1" width="70%">
                </td>
            </tr>

            <tr valign="top">
                <td align="center"><font size="1" face="Times New Roman, Times, Serif">(Title of Class of Securities)</font> </td>
            </tr>

            <tr valign="top">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><br>
                    665809109</font>&nbsp;
                    <hr align="center" color="black" size="1" width="70%">
                </td>
            </tr>

            <tr valign="top">
                <td align="center"><font size="1" face="Times New Roman, Times, Serif">(CUSIP Number)</font> </td>
            </tr>

            <tr valign="top">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><br>
                    December 31, 2009</font>
                    <hr align="center" color="black" size="1" width="70%">
                </td>
            </tr>

            <tr valign="top">
                <td align="center"><font size="1" face="Times New Roman, Times, Serif">(Date of Event Which Requires Filing of this Statement</font> </td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->

        <p><font size="2" face="Times New Roman, Times, Serif">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</font></p>
        <!-- MARKER FORMAT-SHEET="Para Hang Lv 1-TNR" FSL="Project" -->

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">[X]</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">Rule 13d-1(b)</font></td>
            </tr>

            <tr valign="top">
                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif"><br>
                [&nbsp;&nbsp;&nbsp;]</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><br>
                Rule 13d-1(c)</font></td>
            </tr>

            <tr valign="top">
                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif"><br>
                [&nbsp;&nbsp; ]</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><br>
                Rule 13d-1(d)</font></td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Para Hang Lv 0-TNR" FSL="Project" --><!-- MARKER FORMAT-SHEET="Para Hang Lv 0-TNR" FSL="Project" -->

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="1" face="Times New Roman, Times, Serif">* </font></td>

                <td width="96%"><font size="1" face="Times New Roman, Times, Serif">The remainder of this cover page shall be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. </font></td>
            </tr>
        </table>
        <!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->

        <p><font size="1" face="Times New Roman, Times, Serif">The information required in the remainder of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). </font></p>

        <p align="center"><font size="2" face="Times New Roman, Times, Serif">(Continued on following page(s))<br>
        Page 1 of&nbsp;9 Pages</font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p align="center">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="top">
                <td width="100%">
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>

            <tr valign="top">
                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No.&nbsp;665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>

                <th align="center">
                </th>

                <th align="center">
                </th>

                <th align="left">
                </th>

                <th align="right">
                </th>
            </tr>

            <tr valign="bottom">
                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="60%" align="left">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="right">
                    <hr align="center" color="black" size="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>1</b><br>
                    <br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">NAMES OF REPORTING PERSONS<br>
                    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<br>
                    <br>
                    Perritt Capital Management, Inc.</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>2<br>
                    <br>
                    <br>
                    </b></font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="3">
                    <font size="2" face="Times New Roman, Times, Serif">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<br>
                    <br>
                    Not Applicable<br>
                    </font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>

                <td align="right">
                    <font size="2" face="Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]<br>
                    (b)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>3</b><br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">SEC USE ONLY<br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center"><font size="2" face="Times New Roman, Times, Serif"><b>4</b><br>
                <br>
                <br>
                </font></td>

                <td colspan="4"><font size="2" face="Times New Roman, Times, Serif">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                <br>
                Illinois</font></td>
            </tr>

            <tr valign="bottom">
                <td colspan="2">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td align="center">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>NUMBER OF<br>
                <br>
                SHARES</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>5</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2" face="Times New Roman, Times, Serif">SOLE VOTING POWER<br>
                    <br>
                    -0-</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>BENEFICIALLY<br>
                <br>
                OWNED</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>6</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2" face="Times New Roman, Times, Serif">SHARED VOTING POWER<br>
                    <br>
                    215,300</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>BY EACH<br>
                <br>
                REPORTING</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>7</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2"><font face="Times New Roman, Times, Serif">SOLE DISPOSITIVE POWER<br>
                    <br>
                    </font>-0-</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>PERSON WITH:</b><br>
                <br>
                </font></td>

                <td align="center"><font size="2" face="Times New Roman, Times, Serif"><b>8</b><br>
                <br>
                <br>
                </font></td>

                <td colspan="2"><font size="2" face="Times New Roman, Times, Serif">SHARED DISPOSITIVE POWER<br>
                <br>
                215,300</font></td>
            </tr>

            <tr valign="bottom">
                <td colspan="2">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td align="center">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>9</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2"><font face="Times New Roman, Times, Serif">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                    <br>
                    </font>215,300</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>10</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="3">
                    <font size="2" face="Times New Roman, Times, Serif">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                    (SEE INSTRUCTIONS)<br>
                    Not Applicable</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>

                <td align="right">
                    <font size="2" face="Times New Roman, Times, Serif">[&nbsp;&nbsp;]</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>11</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                    <br>
                    5.1%<sup>(1)</sup></font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>12</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="center" color="black" size="3">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>
                    <br>
                    IA</font>
                    <hr align="center" color="black" size="3">
                </td>
            </tr>
        </table>
        <!-- MARKER FORMAT-SHEET="Para Hang Lv 0-TNR" FSL="Project" -->

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(1)</font> </td>

                <td width="95%"><font size="2" face="Times New Roman, Times, Serif">The
percent ownership calculated is based upon an aggregate of 4,240,679 shares outstanding as
of November 20, 2009.</font></td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->

        <p align="center"><font size="2" face="Times New Roman, Times, Serif">Page 2 of&nbsp;9 Pages</font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p align="center">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="top">
                <td width="100%">
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>

            <tr valign="top">
                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No. 665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>

                <th align="center">
                </th>

                <th align="center">
                </th>

                <th align="left">
                </th>

                <th align="right">
                </th>
            </tr>

            <tr valign="bottom">
                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="60%" align="left">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="right">
                    <hr align="center" color="black" size="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>1</b><br>
                    <br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">NAMES OF REPORTING PERSONS<br>
                    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<br>
                    <br>
                    Perritt MicroCap Opportunities Fund, Inc.</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>2<br>
                    <br>
                    <br>
                    </b></font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="3">
                    <font size="2" face="Times New Roman, Times, Serif">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<br>
                    <br>
                    Not Applicable<br>
                    </font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>

                <td align="right">
                    <font size="2" face="Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]<br>
                    (b)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>3</b><br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">SEC USE ONLY<br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center"><font size="2" face="Times New Roman, Times, Serif"><b>4</b><br>
                <br>
                <br>
                </font></td>

                <td colspan="4"><font size="2" face="Times New Roman, Times, Serif">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                <br>
                Maryland</font> </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td align="center">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>NUMBER OF<br>
                <br>
                SHARES</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>5</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2" face="Times New Roman, Times, Serif">SOLE VOTING POWER<br>
                    <br>
                    -0-</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>BENEFICIALLY<br>
                <br>
                OWNED</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>6</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2"><font face="Times New Roman, Times, Serif">SHARED VOTING POWER<br>
                    <br>
                    </font>125,300</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>BY EACH<br>
                <br>
                REPORTING</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>7</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2"><font face="Times New Roman, Times, Serif">SOLE DISPOSITIVE POWER<br>
                    <br>
                    </font>-0-</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>PERSON WITH:</b><br>
                <br>
                </font></td>

                <td align="center"><font size="2" face="Times New Roman, Times, Serif"><b>8</b><br>
                <br>
                <br>
                </font></td>

                <td colspan="2"><font size="2" face="Times New Roman, Times, Serif">SHARED DISPOSITIVE POWER<br>
                <br>
                125,300</font></td>
            </tr>

            <tr valign="bottom">
                <td colspan="2">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td align="center">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>9</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2"><font face="Times New Roman, Times, Serif">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                    <br>
                    </font>125,300</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>10</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="3">
                    <font size="2" face="Times New Roman, Times, Serif">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                    (SEE INSTRUCTIONS)<br>
                    Not applicable</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>

                <td align="right">
                    <font size="2" face="Times New Roman, Times, Serif">[&nbsp;&nbsp;]</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>11</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                    <br>
                    3.0%<sup>(1)</sup></font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>12</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="center" color="black" size="3">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>
                    <br>
                    IV</font>
                    <hr align="center" color="black" size="3">
                </td>
            </tr>
        </table>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(1)</font> </td>

                <td width="95%"><font size="2" face="Times New Roman, Times, Serif">The
percent ownership calculated is based upon an aggregate of 4,240,679 shares outstanding as
of November 20, 2009. </font></td>
            </tr>
        </table>
        <br>

        <p align="center"><font size="2" face="Times New Roman, Times, Serif">Page 3 of&nbsp;9 Pages</font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="top">
                <td width="100%">
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>

            <tr valign="top">
                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No.&nbsp; 665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>

                <th align="center">
                </th>

                <th align="center">
                </th>

                <th align="left">
                </th>

                <th align="right">
                </th>
            </tr>

            <tr valign="bottom">
                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="center">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="60%" align="left">
                    <hr align="center" color="black" size="3">
                </td>

                <td width="10%" align="right">
                    <hr align="center" color="black" size="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>1</b><br>
                    <br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2"><font face="Times New Roman, Times, Serif">NAMES OF REPORTING PERSONS<br>
                    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<br>
                    <br>
                    </font>Perritt&nbsp;Funds, Inc.</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>2<br>
                    <br>
                    <br>
                    </b></font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="3">
                    <font size="2" face="Times New Roman, Times, Serif">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<br>
                    <br>
                    Not Applicable<br>
                    </font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>

                <td align="right">
                    <font size="2" face="Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]<br>
                    (b)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>3</b><br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">SEC USE ONLY<br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center"><font size="2" face="Times New Roman, Times, Serif"><b>4</b><br>
                <br>
                <br>
                </font></td>

                <td colspan="4"><font size="2"><font face="Times New Roman, Times, Serif">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                <br>
                </font>Maryland</font>&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td colspan="2">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td align="center">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>NUMBER OF<br>
                <br>
                SHARES</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>5</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2" face="Times New Roman, Times, Serif">SOLE VOTING POWER<br>
                    <br>
                    -0-</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>BENEFICIALLY<br>
                <br>
                OWNED</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>6</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2"><font face="Times New Roman, Times, Serif">SHARED VOTING POWER<br>
                    <br>
                    </font>90,000</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>BY EACH<br>
                <br>
                REPORTING</b></font> </td>

                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>7</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="2">
                    <font size="2" face="Times New Roman, Times, Serif">SOLE DISPOSITIVE POWER<br>
                    <br>
                    -0-</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td colspan="2" align="center"><font size="2" face="Times New Roman, Times, Serif"><b>PERSON WITH:</b><br>
                <br>
                </font></td>

                <td align="center"><font size="2" face="Times New Roman, Times, Serif"><b>8</b><br>
                <br>
                <br>
                </font></td>

                <td colspan="2"><font size="2" face="Times New Roman, Times, Serif">SHARED DISPOSITIVE POWER<br>
                <br>
                90,000</font></td>
            </tr>

            <tr valign="bottom">
                <td colspan="2">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td align="center">
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>9</b><br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2"><font face="Times New Roman, Times, Serif">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                    <br>
                    </font>90,000</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>10</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="3">
                    <font size="2" face="Times New Roman, Times, Serif">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                    (SEE INSTRUCTIONS)<br>
                    Not Applicable</font>&nbsp;
                    <hr align="left" color="black" size="1" width="100%">
                </td>

                <td align="right">
                    <font size="2" face="Times New Roman, Times, Serif">[&nbsp;&nbsp;]</font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>11</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="left" color="black" size="1" width="90%">
                </td>

                <td colspan="4">
                    <font size="2" face="Times New Roman, Times, Serif">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                    <br>
                    2.1%<sup>(1)</sup></font>
                    <hr align="left" color="black" size="1" width="100%">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                    <font size="2" face="Times New Roman, Times, Serif"><b>12</b>&nbsp;&nbsp;<br>
                    <br>
                    <br>
                    </font>
                    <hr align="center" color="black" size="3">
                </td>

                <td colspan="4">
                    <font size="2"><font face="Times New Roman, Times, Serif">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>
                    <br>
                    </font>IV</font>&nbsp;
                    <hr align="center" color="black" size="3">
                </td>
            </tr>
        </table>
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        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(1)</font> </td>

                <td width="95%"><font size="2" face="Times New Roman, Times, Serif">The
percent ownership calculated is based upon an aggregate of 4,240,679 shares outstanding as
of November 20, 2009.</font></td>
            </tr>
        </table>
        <br>
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        <p align="center"><font size="2" face="Times New Roman, Times, Serif"><font size="2" face="Times New Roman, Times, Serif">Page 4 of&nbsp;9 Pages</font></font></p>

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                <td width="100%">
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>

            <tr valign="top">
                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No. 665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>
        </table>
        <br>
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            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 1(a)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Name of Issuer</u>:</font> </td>
            </tr>
        </table>
        <br>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">Northern Technologies International Corporation</font></td>
            </tr>
        </table>
        <br>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 1(b)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Address of Issuer&rsquo;s Principal Executive Offices</u>:</font> </td>
            </tr>
        </table>
        <br>
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                <td width="10%">&nbsp;</td>

                <td width="90%">
                    <p><font size="2" face="Times New Roman, Times, Serif">4201 Woodland Road<BR>P.O. Box 69</font><font size="2" face="Times New Roman, Times, Serif"><br>
                    Circle Pines, MN 55014</font></p>
                </td>
            </tr>
        </table>
        <br>
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        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 2(a)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Name of Person Filing</u>:</font> </td>
            </tr>
        </table>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">The
persons filing this Schedule 13G are (i) Perritt Capital Management, Inc., an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940; (ii)
Perritt MicroCap Opportunities Fund, Inc., an investment company registered under the
Investment Company Act of 1940; and (iii) Perritt Funds, Inc., an investment company
registered under the Investment Company Act of 1940. Perritt Capital Management, Inc. is
the investment adviser to Perritt MicroCap Opportunities Fund, Inc. and its sole series,
Perritt MicroCap Opportunities Fund, and to Perritt Funds, Inc. and its sole series,
Perritt Emerging Opportunities Fund. Attached as Exhibit&nbsp;1 hereto, which is
incorporated by reference herein, is an agreement between Perritt Capital Management,
Inc., Perritt MicroCap Opportunities Fund, Inc. and Perritt Funds, Inc. that this Schedule
13G is filed on behalf of each of them.</font> </td>
            </tr>
        </table>
        <br>
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            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 2(b)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Address of Principal Business Office or, if none, Residence</u>:</font> </td>
            </tr>
        </table>
        <br>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">300 South Wacker Drive, Suite 2880<br>
                Chicago, IL 60606<br>
                </font></td>
            </tr>
        </table>
        <br>
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            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 2(c)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Citizenship</u>:</font> </td>
            </tr>
        </table>
        <br>
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            <tr valign="top">
                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">Perritt Capital Management, Inc. is an Illinois corporation.<br>
                <br>
                Perritt MicroCap Opportunities Fund, Inc. is a Maryland corporation.<br>
                <br>
                Perritt Funds, Inc. is a Maryland corporation.</font> </td>
            </tr>
        </table>
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            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 2(d)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Title of Class of Securities</u>:</font> </td>
            </tr>
        </table>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">Common Stock</font> </td>
            </tr>
        </table>
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            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 2(e)</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>CUSIP Number</u>:</font> </td>
            </tr>
        </table>
        <br>
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            <tr valign="top">
                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">665809109</font>&nbsp;</td>
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        <p>&nbsp;</p>

        <p align="center"><font size="2" face="Times New Roman, Times, Serif"><font size="2" face="Times New Roman, Times, Serif">Page 5 of&nbsp;9 Pages</font></font></p>

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                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No. 665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>
        </table>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="10%">&nbsp;<font size="2"><u>Item 3</u>.</font></td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filings is a:</u></font></td>
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        <font size="2" face="Times New Roman, Times, Serif"><br>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">|X| </font></td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C.80a-8). </font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">|X| </font></td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E). </font></td>
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        <br>

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            <tr valign="top">
                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 4</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Ownership</u>:</font></td>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u><i>Perritt Capital Management, Inc</i>.</u></font> </td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(a)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Amount Beneficially Owned:&nbsp;215,300</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(b)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Percent of Class: 5.1%</font> </td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(c)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Number of shares as to which such person has:</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(i)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">sole power to vote or to direct the vote:&nbsp;-0-</font></td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(ii)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">shared power to vote or to direct the vote:&nbsp;215,300</font></td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(iii)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">sole power to dispose or to direct the disposition of:&nbsp;-0-</font></td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(iv)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">shared power to dispose or to direct the disposition of:&nbsp;215,300</font></td>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u><i>Perritt MicroCap Opportunities Fund, Inc.</i></u></font> </td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(a)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Amount Beneficially Owned:&nbsp;125,300</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(b)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Percent of Class: 3.0%</font> </td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(c)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Number of shares as to which such person has:</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(i)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">sole power to vote or to direct the vote: -0-</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(ii)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">shared power to vote or to direct the vote:&nbsp;125,300</font></td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(iii)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">sole power to dispose or to direct the disposition of: -0-</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(iv)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">shared power to dispose or to direct the disposition of:&nbsp;125,300</font></td>
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        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
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                <td width="10%">
                </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u><i>Perritt Funds, Inc.</i></u> </font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(a)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Amount Beneficially Owned:&nbsp;90,000</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(b)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Percent of Class: 2.1%</font> </td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(c)</font> </td>

                <td width="85%"><font size="2" face="Times New Roman, Times, Serif">Number of shares as to which such person has:</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(i)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">sole power to vote or to direct the vote: -0-</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(ii)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">shared power to vote or to direct the vote:&nbsp;90,000</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(iii)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">sole power to dispose or to direct the disposition of: -0-</font> </td>
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                <td width="15%"><font size="2" face="Times New Roman, Times, Serif">&nbsp;</font></td>

                <td width="5%"><font size="2" face="Times New Roman, Times, Serif">(iv)</font> </td>

                <td width="80%"><font size="2" face="Times New Roman, Times, Serif">shared power to dispose or to direct the disposition of:&nbsp;90,000</font> </td>
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        <p align="center"><font size="2" face="Times New Roman, Times, Serif"><font size="2" face="Times New Roman, Times, Serif">Page&nbsp;6 of&nbsp;9 Pages</font></font></p>

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                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No. 665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
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        <br>

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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 5</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Ownership of Five Percent of Less of a Class.</u></font> </td>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">N/A</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 6</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Ownership of More than Five Percent on Behalf of Another Person.</u></font> </td>
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                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">N/A</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 7</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.</u></font> </td>
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                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">N/A</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 8</u>.</font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Identification and Classification of Members of the Group.</u></font></td>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">N/A<br>
                </font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item&nbsp;9.</u></font> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Notice of Dissolution of Group.</u></font> </td>
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                <td width="10%">&nbsp;</td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">N/A</font></td>
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                <td width="10%"><font size="2" face="Times New Roman, Times, Serif"><u>Item 10.</u></font></td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif"><u>Certification.</u></font>&nbsp;</td>
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                <td width="10%">&nbsp;</td>

                <td width="90%">
                    <font size="2" face="Times New Roman, Times, Serif">By
signing below I certify that, to the best of my knowledge and belief, the securities
referred to above were acquired and are held in the ordinary course of business and
were not acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that purpose or
effect.</font>

                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; FONT-SIZE: 12pt" align="justify">&nbsp;</p>
                </td>
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                <td width="10%">&nbsp;<u><font size="2">Exhibits.</font></u> </td>

                <td width="90%"><font size="2" face="Times New Roman, Times, Serif">1.&nbsp;&nbsp;&nbsp;Agreement to file Schedule 13G jointly.</font> </td>
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        <p align="center"><font size="2" face="Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

        <p align="center"><font size="2" face="Times New Roman, Times, Serif"><font size="2" face="Times New Roman, Times, Serif">Page&nbsp;7 of&nbsp;9 Pages</font></font></p>

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                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No.&nbsp;665809109</font>
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        <br>

        <h1 align="center"><font size="2" face="Times New Roman, Times, Serif"><u>SIGNATURE</u></font></h1>
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        <p><font size="2" face="Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of my knowledge and belief, I&nbsp;certify that the information set forth in this statement is true, complete and correct.</font></p>
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        <p align="left"><font size="2" face="Times New Roman, Times, Serif">Dated: January 14, 2010</font></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="50%">&nbsp;</td>

                <td width="50%"><font size="2" face="Times New Roman, Times, Serif"><b>PERRITT CAPITAL MANAGEMENT, INC.</b><br>
                <br>
                <br>
                By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael J. Corbett</u><br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael J. Corbett, Vice President </font></td>
            </tr>
        </table>
        <br>
        <br>
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        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="50%">&nbsp;</td>

                <td width="50%"><font size="2" face="Times New Roman, Times, Serif"><b>PERRITT MICROCAP OPPORTUNITIES FUND, INC.</b> <br>
                <br>
                <br>
                By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael J. Corbett</u><br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael J. Corbett, President </font></td>
            </tr>
        </table>
        <br>
        <br>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="50%">&nbsp;</td>

                <td width="50%"><font size="2" face="Times New Roman, Times, Serif"><b>PERRITT FUNDS, INC.</b> <br>
                <br>
                <br>
                By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael J. Corbett</u><br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael J. Corbett, President </font></td>
            </tr>
        </table>
        <br>
        <br>
        <br>

        <p><br>
        <br>
        <br>
        <br>
        <br>
        <br>
        </p>

        <p align="center"><font size="2" face="Times New Roman, Times, Serif">Page&nbsp;8 of&nbsp;9 Pages</font></p>

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        </div>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-SIZE: 11pt" align="center"></p>

        <table cellspacing="0" cellpadding="0" width="760" align="center">
            <tr valign="top">
                <td width="100%">
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>

            <tr valign="top">
                <td width="100%">
                    <font size="2" face="Times New Roman, Times, Serif">CUSIP No.&nbsp;665809109</font>
                    <hr align="left" size="1" width="40%" noshade>
                </td>
            </tr>
        </table>
        <br>
        <br>
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        <p align="right"><font size="2" face="Times New Roman, Times, Serif"><b><u>Exhibit 1</u></b> </font></p>
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        <h1 align="center"><font size="2" face="Times New Roman, Times, Serif"><u>AGREEMENT</u> </font></h1>

        <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGREEMENT,  dated as of January 14, 2010, by and among Perritt  Capital  Management,  Inc., an Illinois  corporation,
Perritt MicroCap Opportunities Fund, Inc., a Maryland corporation, and Perritt Funds, Inc., a Maryland corporation. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934 (the
&#147;Act&#148;), only one such statement need be filed whenever two or more persons are
required to file a statement pursuant to Section 13(d) of the Act with respect to the same
securities, provided that said persons agree in writing that such statement is filed on
behalf of each of them. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the premises and mutual agreements herein contained, the
parties hereto agree as follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perritt
Capital Management, Inc., Perritt MicroCap Opportunities Fund, Inc. and Perritt Funds,
Inc. hereby agree, in accordance with Rule 13d-1(k) under the Act, to file one statement
on Schedule 13G relating to their ownership of the Common Stock of Northern Technologies
International Corporation and hereby further agree that said statement shall be filed on
behalf of Perritt Capital Management, Inc., Perritt MicroCap Opportunities Fund, Inc. and
Perritt Funds, Inc. Nothing herein shall be deemed to be an admission that the parties
hereto, or any of them, are members of a &#147;group&#148; (within the meaning of Section
13(d) of the Act and the rules promulgated thereunder) with respect to any securities of
Northern Technologies International Corporation. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, the parties have executed this agreement as of the date first written
above. </FONT></P>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="50%">&nbsp;</td>

                <td width="50%"><font size="2" face="Times New Roman, Times, Serif"><b>PERRITT CAPITAL MANAGEMENT, INC.</b><br>
                <br>
                <br>
                By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael J. Corbett</u><br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael J. Corbett, Vice President </font></td>
            </tr>
        </table>
        <br>
        <br>
        <!-- MARKER FORMAT-SHEET="Para Hang Lv 2-TNR" FSL="Project" -->

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="50%">&nbsp;</td>

                <td width="50%"><font size="2" face="Times New Roman, Times, Serif"><b>PERRITT MICROCAP OPPORTUNITIES FUND, INC.</b> <br>
                <br>
                <br>
                By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael J. Corbett</u><br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael J. Corbett, President </font></td>
            </tr>
        </table>
        <br>
        <br>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="50%">&nbsp;</td>

                <td width="50%"><font size="2" face="Times New Roman, Times, Serif"><b>PERRITT FUNDS, INC.</b> <br>
                <br>
                <br>
                By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael J. Corbett</u><br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael J. Corbett, President </font></td>
            </tr>
        </table>
        <br>
        <br>
        <br>
        <br>
        <br>

        <p><br>
        </p>

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        <p align="center"><font size="2" face="Times New Roman, Times, Serif">Page 9&nbsp;of&nbsp;9 Pages</font></p>

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