0001193125-05-106899 Sample Contracts

CARMAX, INC. AMENDMENT TO STOCK OPTION AGREEMENT
Stock Option Agreement • May 13th, 2005 • Carmax Inc • Retail-auto dealers & gasoline stations

This Amendment to Stock Option Agreement, effective as of the day of May, 2005, is made between CarMax, Inc. (the “Company”) and (the “Optionee”), a non-employee director of the Company.

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Date> <Name> <Address> <City, State, Zip> Dear <First Name>:
Carmax Inc • May 13th, 2005 • Retail-auto dealers & gasoline stations

You have been granted a non-statutory stock option to purchase shares of the common stock of CarMax, Inc. (“the Company”) as explained below. This grant is made pursuant to the Amended and Restated 2002 Non-Employee Directors Stock Incentive Plan (the “Plan”).

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