THIRD AMENDMENT AND JOINDER
THIRD AMENDMENT AND JOINDER
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dated as of November 1, 2011 to the |
| PARTICIPATION AGREEMENT |
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dated January 5, 2007 among |
PRINCIPAL VARIABLE CONTRACTS FUNDS, INC. (“PVC”), PRINCIPAL FUNDS DISTRIBUTOR, INC. (“PFDI”), PRINCIPAL MANAGEMENT CORPORATION (“PMC”), and PRINCIPAL LIFE INSURANCE COMPANY (the “Company”) (the “Agreement”).
The parties have previously entered into the Agreement and have now agreed to amend the Agreement by the terms of this Third 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 the “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. Article VII of the Agreement is amended by adding contact information for Principal National Life Insurance Company and changing the contact information for the Company as follows: |
If to Principal Life Insurance Company:
Xxxx Xxxxxx, Director – Product Management Principal Life Insurance Company 000 Xxxx Xxxxxx Xxx Xxxxxx, XX 00000
with a copy to:
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Xxxxxxx Xxxxxxxxx, Counsel Principal Life Insurance Company 000 Xxxx Xxxxxx Xxx Xxxxxx, XX 00000 |
If to Principal National Life Insurance Company:
Xxxx Xxxxxx, Director – Product Management
| @XXX@000X0000.xxx |
| 1 |
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Principal National Life Insurance Company 000 Xxxx Xxxxxx Xxx Xxxxxx, XX 00000 |
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with a copy to: Xxxxxxx Xxxxxxxxx, Counsel Principal National Life Insurance Company 000 Xxxx Xxxxxx Xxx Xxxxxx, XX 00000 |
| (d) | Schedule A. Schedule A is amended and restated in its entirety and replaced with the Schedule A attached hereto. |
| 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. | |
| @XXX@000X0000.xxx |
| 2 |
IN WITNESS WHEREOF the parties have executed this Amendment with effect from the date specified first on the first page of this Amendment.
PRINCIPAL FUNDS DISTRIBUTOR, INC. By: /s/ Xxxx Xxxx Name: Xxxx Xxxx Title: Executive Vice President PRINCIPAL VARIABLE CONTRACTS FUNDS, INC. By: /s/ Xxxx Xxxx Name: Xxxx Xxxx Title: Executive Vice President PRINCIPAL MANAGEMENT CORPORATION By: /s/ Xxxx Xxxx Name: Xxxx Xxxx Title: Executive Vice President |
PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: Director Product Management PRINCIPAL NATIONAL LIFE INSURANCE COMPANY By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: Director Product Management |
| @XXX@000X0000.xxx |
| 3 |
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SCHEDULE A dated as of November 1, 2011 to the PARTICIPATION AGREEMENT |
| dated January 5, 2007 |
Separate Accounts, Associated Contracts, Available Share Classes and Funds
| Name of Separate Account | Contracts Funded by | PVC Share Class |
| Separate Account | Available to Separate | |
| Account | ||
| Principal Life Insurance Company | All Contracts | All share classes |
| Separate Account B | ||
| Principal Life Insurance Company | All Contracts | All share classes |
| Variable Life Separate Account | ||
| Principal National Life Insurance Company | All Contracts | All share classes |
| Variable Life Separate Account |
| @XXX@000X0000.xxx |
| 4 |
