SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR VARIABLE INSURANCE TRUST LETTER OF INVESTMENT INTENT

SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR

VARIABLE INSURANCE TRUST

LETTER OF INVESTMENT INTENT

October 5, 2012

To the Board of Trustees of Variable Insurance Trust:

Effective as of the date first written above, the undersigned (the "Purchaser") subscribes to purchase a beneficial interest ("Interest") in the Variable Insurance Trust, in the amount of $100,000.00 for 10,000 shares at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $100,000.00.

The Purchaser agrees that each Interest is being purchased for investment purposes only and with no present intention of reselling or redeeming said Interest.

Mutuals Advisors, Inc.

/s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇

By: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇

Its: President