FORM OF AMENDMENT TO CONSOLIDATED SERVICES AGREEMENT
FORM OF
AMENDMENT TO CONSOLIDATED SERVICES AGREEMENT
This Amendment is made as of April 30, 2014, by and among Principal Life Insurance Company (“PLIC”), Principal National Life Insurance Company (“PNLIC” and PNILC, together with PLIC, the “Insurance Companies” and each an “Insurance Company”), ▇▇▇▇▇▇▇ Investment Administrative Services, Inc. (“CIAS”) and ▇▇▇▇▇▇▇ Investment Services, Inc. (“CIS” and CIS, together with CIAS, the ▇▇▇▇▇▇▇ Service Providers”, and the ▇▇▇▇▇▇▇ Service Providers, together with the Insurance Companies, the “Parties”) and amends the Consolidated Services Agreement between the Parties, made as of November 1, 2011 (the “Agreement”). All capitalized terms used in this Amendment and not defined herein shall have the meaning ascribed to them in the Agreement.
WHEREAS, on or about April 30, 2014, the assets of ▇▇▇▇▇▇▇ ▇▇ SRI Equity Portfolio will merge into ▇▇▇▇▇▇▇ ▇▇ S&P 500 Index Portfolio, and the assets of ▇▇▇▇▇▇▇ ▇▇ Income Portfolio will merge into ▇▇▇▇▇▇▇ ▇▇ Investment Grade Bond Index Portfolio; and
WHEREAS, in accordance with Section 4 of the Agreement, the Parties desire to amend the Agreement as set forth below.
NOW, THEREFORE, in consideration of the mutual provisions contained herein, Insurance Companies and ▇▇▇▇▇▇▇ Service Providers agree as follows:
1.Section 1(a) of the Agreement is deleted in its entirety and replaced by the following:
(a) Each Insurance Company shall provide the administrative and shareholder services set out in Schedule A hereto and made part hereof, as the same may be amended from time to time. For such services, ▇▇▇▇▇▇▇ Service Providers agree to pay to each Insurance Company a combined aggregate fee (the “Fee”) computed daily and paid monthly in arrears, equal to the percent of daily the net asset value of Shares held in each Fund’s subaccount of the Separate Accounts, attributable to the Contracts issues by that Insurance Company at the following annual rates:
Annual Rate Portfolio & Class (if any)
0.10% ▇▇▇▇▇▇▇ ▇▇ S&P ▇▇▇▇▇▇ 400 Index Portfolio - Class F
0.10% ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ 2000 Small Cap Index Portfolio - Class F
0.10% ▇▇▇▇▇▇▇ ▇▇ EAFE International Index Portfolio - Class F
0.10% ▇▇▇▇▇▇▇ ▇▇ S&P 500 Index Portfolio
0.10% ▇▇▇▇▇▇▇ ▇▇ Investment Grade Bond Index Portfolio
2. | Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect. |
(signatures follow on separate page)
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed effective as of the day and year first above written.
PRINCIPAL LIFE INSURANCE COMPANY
By: ____________________________________
Title: ____________________________________
PRINCIPAL NATIONAL LIFE INSURANCE COMPANY
By: ____________________________________
Title: ____________________________________
▇▇▇▇▇▇▇ INVESTMENT ADMINISTRATIVE SERVICES, INC.
By: ____________________________________
Title: ____________________________________
▇▇▇▇▇▇▇ INVESTMENT SERVICES, INC.
By: ____________________________________
Title: ____________________________________