AMENDMENT TO CUSTODIAN CONTRACT
Amendment dated January 31, 2007, to the Custodian Contract dated August 1,
1986, as amended (the "Contract"), by and between State Street Bank and Trust
Company (the "Custodian") and AllianceBernstein Global Technology Fund, Inc.
(the "Fund").
WHEREAS, the Fund and the Custodian wish to amend certain provisions of the
Contract in order to (a) allow for delivery out of margin in connection with
trading in futures and options on futures contracts entered into by the Fund,
(b) amend the provisions for Proper Instructions in order to provide for
electronic trade instructions, and (c) to provide for the establishment by the
Custodian of segregated accounts.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants contained herein, the Custodian and the Fund hereby amend the
Contract, pursuant to the terms thereof, as follows:
I. New Section 2.2(15) is hereby added and existing Section 2.2(15) is hereby
amended and renumbered Section 2.2(16) as set forth below:
2.2 Delivery of Securities.
(15) For delivery of initial or variation margin in connection with trading in
futures and options on futures contracts entered into by the Fund;
(16) For any other purpose, but only upon receipt of Proper Instructions from
the Fund, specifying the securities of the Fund to be delivered and naming
the person or persons to whom delivery of such securities shall be made.
II. New Section 2.8(7) is hereby added and existing Section 2.8(7) is hereby
amended and renumbered Section 2.8(8) as set forth below:
2.8 Payment of Fund Moneys.
(7) For the payment of initial or variation margin in connection with trading
in futures and options on futures contracts entered into by the Fund;
(8) For any other purpose, but only upon receipt of Proper Instructions from
the Fund, specifying the amount of such payment and naming the person or
persons to whom such payment is to be made.
III. Section 2.17 is amended and replaced as follows:
2.17 Proper Instructions.
"Proper Instructions", which may also be standing instructions, as used
throughout this Contract shall mean instructions received by the Custodian from
the Fund, the Fund's investment manager or subadvisor, as duly authorized by the
Fund. Such instructions may be in writing signed by the authorized person or
persons or may be in a tested communication or in a communication utilizing
access codes effected between electro-mechanical or electronic devices or may be
by such other means and utilizing such intermediary systems and utilities as may
be agreed to from time to time by the Custodian and the person or entity giving
such instructions, provided that the Fund has followed any security procedures
agreed to from time to time by the Fund and the Custodian, including, but not
limited to, the security procedures selected by the Fund in the Funds Transfer
Addendum to this Contract. Oral instructions will be considered Proper
Instructions if the Custodian reasonably believes them to have been given by a
person authorized to give such instructions with respect to the transaction
involved. The Fund shall cause all oral instructions to be confirmed promptly in
writing. For purposes of this Section, Proper Instructions shall include
instructions received by the Custodian pursuant to any multi-party agreement,
which requires a segregated asset account in accordance with Section 2.13 of
this Contract. The Fund or the Fund's investment manager shall cause its duly
authorized officer to certify to the Custodian in writing the names and specimen
signatures of persons authorized to give Proper Instructions. The Custodian
shall be entitled to rely upon the identity and authority of such persons until
it receives notice from the Fund to the contrary.
IV. Clause (iv) of Section 2.13 (entitled "Segregated Account") is amended and
replaced as follows:
(iv) for any other purpose upon receipt of Proper Instructions from the
Fund.
V. Except as specifically superseded or modified herein, the terms and
provisions of the Contract shall continue to apply with full force and
effect. In the event of any conflict between the terms of the Contract
prior to this Amendment and this Amendment, the terms of this Amendment
shall prevail.
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IN WITNESS WHEREOF, each of the parties has caused this instrument to
be executed in its name and on its behalf by its duly authorized representative
under seal as of the date first above written.
ALLIANCEBERNSTEIN GLOBAL TECHNOLOGY FUND, INC.
By: /s/Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Secretary
STATE STREET BANK AND TRUST COMPANY
By: /s/Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Executive Vice President
Ablegal/agtf/agreement/custodian agrmnt amended 1/31/07
