Amendment No. 2 Amendment to Investment Advisory Agreement for Subadviser

Execution Version

Amendment No. 2 Amendment to

Investment Advisory Agreement for Subadviser

Second Amendment to the Investment Subadvisory Agreement dated September 29, 2016 (the “Agreement”) made by and among GLOBAL ATLANTIC INVESTMENT ADVISORS, LLC (the “Investment Adviser”), an Indiana limited liability company, Forethought Variable Insurance Trust, a Delaware statutory trust (the “Trust”), on behalf of its series listed in Schedule A to the Agreement, and BLACKROCK FINANCIAL MANAGEMENT, INC (the “Subadviser”), a Delaware corporation.  Capitalized terms used herein and not otherwise defined shall have the definition set out in the Agreement.

In accordance with Section 14 of the Agreement, effective November 24, 2017, the parties hereby amend the Agreement as follows:

1. Section 7 of the Agreement is deleted and replaced in its entirety with the following:

7. Term and Termination.  This Agreement shall remain in force initially for two (2) years from the date of execution and from year to year thereafter through December 31 of each calendar year, but only so long as such continuance, and the continuance of the Investment Adviser as investment adviser of the Funds and Sub-adviser as sub-adviser of the Funds, is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Sub-adviser or the Investment Adviser of the Funds, cast in person at a meeting called for the purpose of voting on such approval and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Funds.  The aforesaid requirement that continuance of this Agreement be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder.  This Agreement may, upon 60 days’ written notice to the Sub-adviser, be terminated at any time without the payment of any penalty, (a) by the Funds, by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Funds, or (b) by the Investment Adviser.  This Agreement may, upon 60 days written notice to the Trust and the Investment Adviser, be terminated at any time, without payment of any penalty, by the Sub-adviser.  This Agreement shall automatically terminate in the event of its assignment or in the event that the Investment Adviser’s investment advisory agreement with the Funds is terminated.

[Signature page follows]

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IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective upon the date above.

	Forethought Variable Insurance Trust
	By its authorized officer,
	By:	/s/ Xxxxxx X. Arena, Jr.
	Name:	Xxxxxx X. Arena, Jr.
	Title:	President
	Global Atlantic Investment Advisors, LLC
	By its authorized officer,
	By:	/s/ Xxxx X. Xxxx
	Name:	Xxxx X. Xxxx
	Title:	President
	BlackRock Financial Management, Inc.
	By its authorized officer,
	By:	/s/ Xxxxxxxxx Xxxxxxx
	Name:	Xxxxxxxxx Xxxxxxx
	Title:	Director

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