Argent Securities Inc. Series 2006-W3 Trust Sample Contracts

SUBSEQUENT TRANSFER INSTRUMENT
Subsequent Transfer Instrument • April 3rd, 2006 • Argent Securities Inc. Series 2006-W3 Trust • Asset-backed securities • New York

Pursuant to this Subsequent Transfer Instrument, dated March 30, 2006 (the “Instrument”), between Argent Securities Inc. as seller (the “Depositor”) and Deutsche Bank National Trust Company as trustee (the “Trustee”) of the Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3, and pursuant to the Pooling and Servicing Agreement, dated March 1, 2006 (the “Pooling and Servicing Agreement”), among the Depositor as depositor, Ameriquest Mortgage Company as master servicer and the Trustee, the Depositor and the Trustee agree to the sale by the Depositor and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage Loans listed on the attached Schedule of Mortgage Loans (the “Subsequent Mortgage Loans”).

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UNDERWRITING AGREEMENT
Underwriting Agreement • May 4th, 2006 • Argent Securities Inc. Series 2006-W3 Trust • Asset-backed securities • New York

Argent Securities Inc. (the “Depositor”), a Delaware corporation, has authorized the issuance and sale of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3 (the “Certificates”). The Certificates are designated as (i) the Class A-1 Certificates, the Class A-2A Certificates, the Class A-2B Certificates, the Class A-2C Certificates and the Class A-2D Certificates (collectively, the “Class A Certificates”) and (ii) the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates and the Class M-9 Certificates (collectively, the “Offered Mezzanine Certificates” together with the Class A Certificates, the “Underwritten Certificates”). Also to be issued are the Class M-10 Certificates, the Class M-11 Certificates, Class CE Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Cert

Contract
Mortgage Loan Purchase Agreement • April 3rd, 2006 • Argent Securities Inc. Series 2006-W3 Trust • Asset-backed securities

The mortgage loans delivered to the Trust on the Closing Date (the “Initial Mortgage Loans”) and the mortgage loans delivered to the Trust on the Subsequent Transfer Date (the “Subsequent Mortgage Loans”, and together with the Initial Mortgage Loans, the “Mortgage Loans”) consist of conventional, one- to four- family, adjustable-rate and fixed-rate mortgage loans. The Depositor purchased the Initial Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase Agreement, dated as of March 15, 2006, between the Seller and the Depositor and the Depositor purchased the Subsequent Mortgage Loans from the Seller pursuant to the Subsequent Mortgage Loan Purchase Agreement dated March 30, 2006. Pursuant to the Pooling and Servicing Agreement, to be dated as of the Cut-off Date, March 1, 2006 (the “Pooling and Servicing Agreement”), among the Depositor, the Master Servicer and the Trustee, the Depositor will cause the Mortgage Loans to be assigned to the Trustee for the benefit of the

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