0001170010-15-000002 Sample Contracts

SEVERANCE AGREEMENT
Severance Agreement • January 8th, 2015 • Carmax Inc • Retail-auto dealers & gasoline stations • Virginia

THIS SEVERANCE AGREEMENT (“Agreement”) is entered into as of January 6, 2015 (“Effective Date”) between CarMax, Inc., a Virginia corporation, and its affiliated companies (collectively, the “Company”), and William D. Nash (the “Executive”).

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October 29, 2014 CarMax Auto Superstores, Inc. 12800 Tuckahoe Creek Parkway Richmond, Virginia 23238
Carmax Inc • January 8th, 2015 • Retail-auto dealers & gasoline stations

Re:First Amendment to Credit Agreement, dated as of August 26, 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”) among CarMax Auto Superstores, Inc., a Virginia corporation (the “Revolving Borrower”), CarMax, Inc., a Virginia corporation, the Designated Borrowers from time to time party thereto, the Lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, L/C Issuer, Swing Line Lender and New Vehicle Swing Line Lender, and JPMorgan Chase Bank, N.A., as L/C Issuer

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