0000950137-08-006435 Sample Contracts

Amended and Restated Participation Agreement as of November 1, 2007 Franklin Templeton Variable Insurance Products Trust Franklin/Templeton Distributors, Inc. Principal Life Insurance Company Princor Financial Services Corporation CONTENTS
Participation Agreement • May 1st, 2008 • Principal Life Insurance Co Separate Account B • California

For each Class 2 Portfolio named on Schedule C of this Agreement, the Company’s Distributor is eligible to receive a maximum annual payment rate of 0.25% stated as a percentage per year of that Portfolio’s Class 2 average daily net assets, pursuant to the terms and conditions referenced below under its Class 2 Rule 12b-l Distribution Plan.

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Shareholder Information Agreement Franklin Templeton Variable Insurance Products Trust
Shareholder Information Agreement • May 1st, 2008 • Principal Life Insurance Co Separate Account B

This Shareholder Information Agreement (“Agreement”) is entered into as of April 16, 2007, and is among Franklin/Templeton Distributors, Inc. (“Distributors”) on behalf of each Fund, as defined below, and the Intermediary, as defined below. Unless otherwise specified, capitalized terms have the meaning set out under “Definitions,” below.

Administrative Services Agreement Franklin Templeton Services, LLC Principal Life Insurance Company
Administrative Services Agreement • May 1st, 2008 • Principal Life Insurance Co Separate Account B • California

THIS AGREEMENT, by and between Franklin Templeton Services, LLC (the “Fund Administrator”), and Principal Life Insurance Company (the “Company”), concerning certain administrative services with respect to each series (“Fund” or “Funds”) of Franklin Templeton Variable Insurance Products Trust (the “Trust”), which Funds are specified in the Amended and Restated Participation Agreement, as may be amended from time to time, among the Company, the Trust, and Franklin Templeton Distributors, Inc. (the “Underwriter”), among others, dated November 1, 2007(the “Participation Agreement”).

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