ELEVENTH AMENDMENT AND JOINDER
dated as of November 1, 2011
to the
PARTICIPATION AGREEMENT
dated as of June 8, 1999
among
PRINCIPAL LIFE INSURANCE COMPANY ("Life Company"), PRINCOR FINANCIAL SERVICES CORPORATION ("Underwriter"), and AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) ("AVIF") (together with the Schedules, as amended from time to time, the "Agreement").
The parties have previously entered into the Agreement and have now agreed to amend the Agreement by the terms of this Eleventh Amendment and Joinder (this "Amendment'').
Accordingly, in consideration of the mutual agreements contained in this Amendment, the parties agree as follows:
1. Amendment of the Agreement
(a) | Joinder. Principal National Life Insurance Company shall be an additional party to the Agreement as of the date of this Amendment. All references in the Agreement to "Life Company" shall mean Principal National Life Insurance Company and/or Principal Life Insurance Company, as applicable. |
(b) | Consent. Principal National Life Insurance Company agrees to be bound by all of the terms, provisions and conditions contained in the Agreement as of the date of this Amendment. |
(c) | Notices. Section 9 of the Agreement is amended by adding contact information for Principal National Life Insurance Company and changing the contact information for Principal Life Insurance Company as follows: |
Principal Life Insurance Company
000 Xxxx Xxxxxx
Xxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
Attn: Xxxxxxx Xxxxxxxxx, Counsel, or Variable Life Counsel
Principal National Life Insurance Company
000 Xxxx Xxxxxx
Xxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
Attn: Xxxxxxx Xxxxxxxxx, Counsel, or Variable Life Counsel
2. Representations
Each party represents to the other party in respect of the Agreement, as amended pursuant to this Amendment, that all representations made by it pursuant to the Agreement are true and accurate as of the date of this Amendment.
3. Miscellaneous
(a) Entire Agreement; Restatement.
(i) | This Amendment constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings (except as otherwise provided herein) with respect thereto. |
(ii) | Except for any amendment to the Agreement made pursuant to this Amendment, all terms and conditions of the Agreement will continue in full force and effect in accordance with its provisions on the date of this Amendment. References to the Agreement will be to the Agreement, as amended by this Amendment. |
(b) | Amendments. No amendment, modification or waiver in respect of the matters contemplated by this Amendment will be effective unless made in accordance with the terms of the Agreement. |
(c) | Counterparts. This Amendment may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original. |
(d) | Headings. The headings used in this Amendment are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Amendment. |
IN WITNESS WHEREOF the parties have executed this Amendment with effect from the date specified first on the first page of this Amendment.
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) | PRINCIPAL LIFE INSURANCE COMPANY | |
By: /s/ Xxxx X. Xxxx | By: /s/ Xxxx Xxxxxx | |
Name: Xxxx X. Xxxx | Name: Xxxx Xxxxxx | |
Title: Senior Vice President | Its: Director – Life Product Mgmt | |
PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL NATIONAL LIFE INSURANCE COMPANY | |
By: /s/ Xxxx Xxxx | By: /s/ Xxxx Xxxxxx | |
Name: Xxxx Xxxx | Name: Xxxx Xxxxxx | |
Title: President | Title: Director – Life Product Mgmt | |
