Exhibit (e)(5)
AMENDMENT TO DISTRIBUTION SERVICES AGREEMENT
AMENDMENT made as of June 14, 2006 to the Distribution Services
Agreement (the "Agreement") made as of July 22, 1992, as amended April 30, 1993,
July 11, 1996, November 3, 2003 and March 1, 2005, between ALLIANCEBERNSTEIN
GLOBAL TECHNOLOGY FUND, INC. (formerly Alliance Technology Fund, Inc.), a
Maryland corporation (the "Fund"), and ALLIANCEBERNSTEIN INVESTMENTS, INC.
(formerly AllianceBernstein Investment Research and Management, Inc. and
Alliance Fund Distributors, Inc.), a Delaware corporation (the "Underwriter").
Capitalized terms not defined herein have the meaning set forth in the
Agreement.
WITNESSETH
WHEREAS, the Fund and the Underwriter are parties to the Agreement;
WHEREAS, the Fund and the Underwriter wish to amend the Agreement in
the manner set forth herein;
NOW, THEREFORE, the parties agree to amend the Agreement as follows:
1. Section 12(a) of the Agreement is amended by deleting it in its
entirety and replacing it with the following:
SECTION 12. Term of Agreement.
(a) This Agreement shall become effective on the date hereof
and shall continue in effect until December 31, 1994, and continue in
effect thereafter with respect to each class; provided, however, that such
continuance is specifically approved at least annually by the Directors of
the Fund or by vote of the holders of a majority of the outstanding voting
securities (as defined in the Investment Company Act) of that class, and,
in either case, by a majority of the Directors of the Fund who are not
parties to this Agreement or interested persons, as defined in the
Investment Company Act, of any such party (other than as directors of the
Fund) and who have no direct or indirect financial interest in the
operation of the Plan or any agreement related thereto; provided further,
however, that if the continuation of this Agreement is not approved as to
a class, the Underwriter may continue to render to such class the services
described herein in the manner and to the extent permitted by the Act and
the rules and regulations thereunder. Upon effectiveness of this
Agreement, it shall supersede all previous agreements between the parties
hereto covering the subject matter hereof. This Agreement may be
terminated (i) by the Fund with respect to any class at any time, without
the payment of any penalty, by the vote of a majority of the outstanding
voting securities (as so defined) of such class, or by a vote of a
majority of the Directors of the Fund who are not interested persons, as
defined in the Investment Company Act, of the Fund (other than as
directors of the Fund) and have no direct and indirect financial interest
in the operation of the Plan or any agreement related thereto, in any such
event on sixty days' written notice to the Underwriter; provided, however,
that no such notice shall be required if such termination is stated by the
Fund to relate only to Sections 5 and 16 hereof (in which event Sections 5
and 16 shall be deemed to have been severed herefrom and all other
provisions of this Agreement shall continue in full force and effect), or
(ii) by the Underwriter on sixty days' written notice to the Fund.
2. No Other Changes. Except as provided herein, the Agreement shall
be unaffected hereby.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment
to the Agreement.
ALLIANCEBERNSTEIN GLOBAL TECHNOLOGY FUND, INC.
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Secretary
ALLIANCEBERNSTEIN INVESTMENTS, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Senior Vice President &
Assistant General Counsel
Accepted as of the date written above:
ALLIANCEBERNSTEIN L.P.
By: /s/ Xxxx Xxxxxx
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Name: Xxxx Xxxxxx
Title: Secretary