EX-99.H09M 14 partagrmt-franklinasaamdt4.htm FRANKLIN TEMPLETON ADM SVC AGRMT AMDT 4 - 052413 Part Agrmt - Franklin ASA Amdt 4 - 052413


Amendment No. 4 to
Administrative Services Agreement
Franklin Templeton Services, LLC
Principal Life Insurance Company
Principal National Life Insurance Company

TillS AMENDMENT is made by and between Franklin Templeton Services, LLC (the "Fund Administrator"), Principal Life Insurance Company and Principal National Life Insurance Company (collectively, the "Company").

WHEREAS, the Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of December 14, 2007, as amended from time to time (the "Agreement"), concerning certain administrative services with respect to each series ("Fund" or "Funds") of Franklin Templeton Variable Insurance Products Trust (the "Trust") listed on Schedule B of the Agreement;

WHEREAS, the Company and the Fund Administration wish to amend the Agreement for the purpose of adding certain new variable annuity contracts covered by the Agreement.

NOW, THEREFORE, in consideration of past and prospective business relations, the Fund
Administrator and the Company hereby amend the Agreement as follows:

1.     Schedule B of the Agreement is hereby deleted in its entirety and replaced with the Schedule B
attached hereto.

2.    All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

This Agreement is executed as of May 24, 2013.
Fund Administrator:
FRANKLIN TEMPLETON SERVICES, LLC
 
 
 
By: /s/ Dennis R. Rothe
 
Name: Dennis R. Rothe
 
Title: Vice President
 
 
 
 
The Company:
PRINCIPAL LIFE INSURANCE COMPANY
 
 
 
By: /s/ Sara Wiener
 
Name: Sara Wiener
 
Title: Director - Product Management
 
 
 
 
The Company:
PRINCIPAL NATIONAL LIFE INSURANCE COMPANY
 
 
 
By: /s/ Sara Wiener
 
Name: Sara Wiener
 
Title: Director - Product Management





Schedule B Administrative Expense Payment


With respect to each Contract listed below underneath the column titled "Product Name/Registration No.", the Fund Administrator agrees to pay the corresponding Company a fee, computed daily and paid quarterly in arrears, equal to an annual rate as set forth below, applied to the average daily net assets of the shares of the Funds held in the subaccounts of the Accounts. The payment will be computed and paid in the manner described more completely in the Agreement.



#
Company
Product Name/Registration No.
Funds of the Trust
(All Class 2 Shares unless otherwise Noted)
Fee Rate
Date of
Beginning of
Period for
Computation
of Fee
1.
Principal Life Insurance Company
Benefit Variable Universal Life (BVUL)
333-89446
Franklin Income Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Strategic Income Securities Fund
Mutual Global Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Bond Securities Fund
0.10%
11/01/07
Franklin U.S. Government Fund
0.10%
11/01/09
2.
Principal Life Insurance Company
Benefit Variable Universal Life II
(BVUL II)
333-49363
Franklin Income Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Strategic Income Securities Fund
Mutual Global Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Bond Securities Fund
0.10%
11/01/07
Franklin U.S. Government Fund
0.10%
11/01/09
3.
Principal Life Insurance Company
Executive Variable Universal Life (EVUL)
333-81714
Mutual Global Discovery Securities Fund
Mutual Shares Securities Fund
Franklin Income Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Strategic Income Securities Fund
Franklin Small Cap Value Securities Fund
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Bond Securities Fund
0.10%
11/01/07
Franklin U.S. Government Fund
0.10%
11/01/09





#
Company
Product Name/Registration No.
Funds of the Trust
(All Class 2 Shares unless otherwise Noted)
Fee Rate
Date of
Beginning of
Period for
Computation
of Fee
4.
Principal Life Insurance Company
Executive Variable Universal Life II (EVUL)
333-81714
Franklin Income Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Strategic Income Securities Fund
Mutual Global Discovery Securities Fund
Mutual Shares Securities Fund
Templeton Developing Markets Securities Fund
Templeton Foreign Securities Fund
Templeton Global Bond Securities Fund
0.10%
11/01/07
Franklin U.S. Government Fund
0.10%
11/01/09
5.
Principal Life Insurance Company
Principal Freedom Variable Annuity 333-128079
Templeton Growth Securities Fund
0.10%
11/01/07
6.
Principal Life Insurance Company
Principal Variable Universal Life Income II
333-146896
Franklin Rising Dividends Securities Fund
Mutual Shares Securities Fund

0.10%
11/01/07
Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11
7.
Principal Life Insurance Company
Investment Plus Variable Annuity 333-116220 &
New Registration Statement to be filed in 2013
Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11
8.
Principal Life Insurance Company
Principal Flexible Variable Life 33-13481

Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11
9.
Principal Life Insurance Company
PrinFlex Life 333-00101
Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund

0.10%
05/01/11
10.
Principal Life Insurance Company
Principal Survivorship Flexible Premium Variable Universal Life
333-71521

Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11
11.
Principal Life Insurance Company
Principal Variable Universal Life Accumulator 333-65690

Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11
12.
Principal Life Insurance Company
Principal Variable Universal Life Accumulator II 333-100838

Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11





#
Company
Product Name/Registration No.
Funds of the Trust
(All Class 2 Shares unless otherwise Noted)
Fee Rate
Date of
Beginning of
Period for
Computation
of Fee
13.
Principal Life Insurance Company
Principal Variable Universal Life
Income
333-115269
Franklin Small Cap Value Securities Fund
Templeton Global Bond Securities Fund
0.10%
05/01/11
14.
Principal National Life Insurance Company
Principal Variable
Universal Life Income
III
333-175768

Franklin Rising Dividends Securities Fund
Franklin Small Cap Value Securities Fund
Mutual Shares Securities Fund
Templeton Global Bond Securities Fund
0.10%
11/01/11
15.
Principal Life Insurance Company
Principal Variable Annuity
33-74232
333-40254 (with PPC)

Franklin Small Cap Value Securities Fund

0.10%
05/01/13