0001193125-05-243998 Sample Contracts

CARMAX AUTO FUNDING LLC, as Depositor, THE BANK OF NEW YORK (DELAWARE), as Delaware Trustee and THE BANK OF NEW YORK, as Owner Trustee
Trust Agreement • December 16th, 2005 • Carmax Auto Owner Trust 2005-3 • Asset-backed securities • Delaware

AMENDED AND RESTATED TRUST AGREEMENT, dated as of December 1, 2005 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), among CARMAX AUTO FUNDING LLC, a Delaware limited liability company, as depositor (the “Depositor”), THE BANK OF NEW YORK (DELAWARE), a Delaware banking corporation, as Delaware trustee and not in its individual capacity (in such capacity, the “Delaware Trustee”), and THE BANK OF NEW YORK, a New York banking corporation, as owner trustee and not in its individual capacity (in such capacity, the “Owner Trustee”).

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CARMAX AUTO OWNER TRUST 2005-3, as Issuer, CARMAX BUSINESS SERVICES, LLC, as Administrator, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
Administration Agreement • December 16th, 2005 • Carmax Auto Owner Trust 2005-3 • Asset-backed securities • New York

ADMINISTRATION AGREEMENT, dated as of December 1, 2005 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and among CARMAX AUTO OWNER TRUST 2005-3, 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 2005-3, as Issuer, CARMAX AUTO FUNDING LLC, as Depositor, and CARMAX BUSINESS SERVICES, LLC, as Servicer
Sale and Servicing Agreement • December 16th, 2005 • Carmax Auto Owner Trust 2005-3 • Asset-backed securities • New York

SALE AND SERVICING AGREEMENT, dated as of December 1, 2005 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), among CARMAX AUTO OWNER TRUST 2005-3, a Delaware statutory trust (the “Trust”), CARMAX AUTO FUNDING LLC, a Delaware limited liability company (the “Depositor”), and CARMAX BUSINESS SERVICES, LLC, a Delaware limited liability company (“CarMax”), as servicer (in such capacity, the “Servicer”).

CARMAX AUTO OWNER TRUST 2005-3, as Issuer, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
Indenture • December 16th, 2005 • Carmax Auto Owner Trust 2005-3 • Asset-backed securities • New York

INDENTURE, dated as of December 1, 2005 (as amended, supplemented or otherwise modified and in effect from time to time, this “Indenture”), between CARMAX AUTO OWNER TRUST 2005-3, a Delaware statutory trust (the “Issuer”), 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”).

RECEIVABLES PURCHASE AGREEMENT Dated as of December 1, 2005
Receivables Purchase Agreement • December 16th, 2005 • Carmax Auto Owner Trust 2005-3 • Asset-backed securities • New York

This Receivables Purchase Agreement, dated as of December 1, 2005, is between CarMax Business Services, LLC, a Delaware limited liability company (“CarMax”), as seller (the “Seller”), and CarMax Auto Funding LLC, a Delaware limited liability company (“CarMax Funding”), as purchaser (the “Purchaser”).

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