Global Funding Agreement Sample Contracts

MTN GLOBAL FUNDING AGREEMENT Principal Life Insurance Company 711 High Street Des Moines, Iowa 50392-0001 (515) 247-5111 In consideration of the payment made by, or at the direction of,
Global Funding Agreement • March 30th, 2007 • Principal Life Income Fundings Trust 1 • Asset-backed securities

This Agreement is executed by Principal Life at its Corporate Center to take effect as of the 29th day of March, 2004, which is referred to as the Effective Date, subject to the receipt by Principal Life or its designee of the Net Deposit (as set forth in Section 1).

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