CarMax Auto Owner Trust 2012-3 Sample Contracts

CARMAX AUTO FUNDING LLC, as Depositor, and U.S. BANK TRUST NATIONAL ASSOCIATION, as Owner Trustee AMENDED AND RESTATED TRUST AGREEMENT Dated as of October 1, 2012
Trust Agreement • October 11th, 2012 • CarMax Auto Owner Trust 2012-3 • Asset-backed securities • Delaware

AMENDED AND RESTATED TRUST AGREEMENT, dated as of October 1, 2012 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), between CARMAX AUTO FUNDING LLC, a Delaware limited liability company, as depositor (the “Depositor”), and U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, as owner trustee and not in its individual capacity (in such capacity, the “Owner Trustee”).

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CARMAX AUTO OWNER TRUST 2012-3, as Issuer, CARMAX BUSINESS SERVICES, LLC, as Administrator, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee ADMINISTRATION AGREEMENT Dated as of October 1, 2012
Administration Agreement • October 11th, 2012 • CarMax Auto Owner Trust 2012-3 • Asset-backed securities • New York

ADMINISTRATION AGREEMENT, dated as of October 1, 2012 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and among CARMAX AUTO OWNER TRUST 2012-3, a Delaware statutory trust (the “Issuer”), CARMAX BUSINESS SERVICES, LLC, a Delaware limited liability company, as administrator (in such capacity, the “Administrator”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as indenture trustee (in such capacity, the “Indenture Trustee”).

CARMAX AUTO OWNER TRUST 2012-3, as Issuer, CARMAX AUTO FUNDING LLC, as Depositor, CARMAX BUSINESS SERVICES, LLC, as Servicer and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Backup Servicer SALE AND SERVICING AGREEMENT Dated as of October 1, 2012
Sale and Servicing Agreement • October 11th, 2012 • CarMax Auto Owner Trust 2012-3 • Asset-backed securities • New York

SALE AND SERVICING AGREEMENT, dated as of October 1, 2012 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), among CARMAX AUTO OWNER TRUST 2012-3, a Delaware statutory trust (the “Trust”), CARMAX AUTO FUNDING LLC, a Delaware limited liability company (the “Depositor”), CARMAX BUSINESS SERVICES, LLC, a Delaware limited liability company (“CarMax”), as servicer (in such capacity, the “Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as backup servicer (in such capacity, the “Backup Servicer”).

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