AMENDMENT TO DISTRIBUTION SERVICES AGREEMENT
Exhibit 99(e)(15)
AMENDMENT TO DISTRIBUTION SERVICES AGREEMENT
AMENDMENT made as of [_____, 2015], to the Distribution Services Agreement (the "Agreement") made as of July 22, 1992, as amended April 30, 1993, July 19, 1996, March 1, 2005, June 14, 2006, August 4, 2011, August 9, 2013, July 31, 2014, September 30, 2014, December 15, 2014, April 15, 2015 and [__], 2015 between AB CAP FUND, INC. (formerly AllianceBernstein Cap Fund, Inc. and Alliance Quasar 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 5(b) of the Agreement is amended by deleting it in its entirety and replacing it with the following:
SECTION 5. Plan of Distribution.
(b) Except as may be required by NASD rules and interpretations, the Fund will pay to the Underwriter each month a distribution services fee with respect to each portfolio of the Fund specified by the Fund's Directors (a "Portfolio") that will not exceed, on an annualized basis:
(i) For the AB Small Cap Growth Portfolio, the AB Market Neutral Strategy—U.S., the AB Emerging Markets Multi-Asset Portfolio, the AB Select US Equity Portfolio, the AB All Market Growth Portfolio, the AB Select US Long/Short Portfolio, the AB Concentrated Growth Fund, 0.30% of the aggregate average daily net assets of the Portfolio attributable to the Class A shares, 1.00% of the aggregate average daily net assets of the Portfolio attributable to the Class B shares, 1.00% of the aggregate average daily net assets of the Portfolio attributable to the Class C shares, 0.50% of the aggregate average daily net assets of the Portfolio attributable to the Class R shares, 0.25% of the aggregate average daily net assets of the Portfolio attributable to the Class K shares and .25% of the aggregate average daily net assets of the Portfolio attributable to the Class 1 shares;
(ii) For the AB Emerging Markets Growth Portfolio, the AB Multi-Manager Alternative Fund, the AB Long/Short Multi-Manager Fund, the AB Multi-Manager Select Retirement Allocation Fund, the AB Multi-Manager Select 2010 Fund, the AB Multi-Manager Select 2015 Fund, the AB Multi-Manager Select 2020 Fund, the AB Multi-Manager Select 2025 Fund, the AB Multi-Manager Select 2030 Fund, the AB Multi-Manager Select 2035 Fund, the AB Multi-Manager Select 2040 Fund, the AB Multi-Manager Select 2045 Fund, the AB Multi-Manager Select 2050 Fund, the AB Multi-Manager Select 2055 Fund, the AB Global Core Equity Portfolio, the AB Small Cap Value Portfolio, the AB All Market Income Portfolio, the AB All Market Alternative Return Portfolio, the AB Concentrated International Growth Portfolio, and the AB International Strategic Core Portfolio, 0.25% of the aggregate daily net assets of the Portfolio attributable to the Class B shares, 1.00% of the aggregate average daily net assets of the Portfolio attributable to the Class C shares, 0.50% of the aggregate average daily net assets of the Portfolio attributable to the Class R shares, 0.25% of the aggregate average daily net assets of the Portfolio attributable to the Class K shares and .25% of the aggregate average daily net assets of the Portfolio attributable to the Class 1 shares.
With respect to each Portfolio, the distribution services fee will be used in its entirety by the Underwriter to make payments (i) to compensate broker-dealers or other persons for providing distribution assistance, (ii) to otherwise promote the sale of shares of each Portfolio, including payment for the preparation, printing and distribution of prospectuses and sales literature or other promotional activities, and (iii) to compensate broker-dealers, depository institutions and other financial intermediaries for providing administrative, accounting and other services with respect to each Portfolio's shareholders. A portion of the distribution services fee that will not exceed, on an annualized basis, 0.25% of the aggregate daily net assets of the Portfolio attributable to each of the Class A shares, Class B shares, Class C shares, Class R shares, Class K shares and Class 1 shares will constitute a service fee that will be used by the Underwriter for personal service and/or maintenance of shareholder accounts within the meaning of NASD rules and interpretations.
IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement as of the date first set forth above.
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By: Xxxx X. Xxxxx
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Title: Assistant Secretary
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ALLIANCEBERNSTEIN INVESTMENTS, INC.
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By: Xxxxxx Xxxxx
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Title: Assistant Secretary
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Accepted as of the date written above
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ALLIANCEBERNSTEIN L.P.
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By:
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Name: Xxxxxx X. Xxxxx
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Title: Assistant Secretary
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