AMENDMENT NUMBER ONE to the POOLING AND SERVICING AGREEMENT BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2007-AQ1, Dated as of January 1, 2007 among BEAR STEARNS ASSET BACKED SECURITIES I LLC, as Depositor, EMC MORTGAGE CORPORATION, as Seller and...

AMENDMENT NUMBER ONE

to the

POOLING AND SERVICING AGREEMENT

BEAR XXXXXXX ASSET BACKED SECURITIES I TRUST 2007-AQ1,

Dated as of January 1, 2007

among

BEAR XXXXXXX ASSET BACKED SECURITIES I LLC,

as Depositor,

EMC MORTGAGE CORPORATION,

as Seller and Master Servicer,

and

LASALLE BANK NATIONAL ASSOCIATION,

as Trustee

This AMENDMENT NUMBER ONE is made and entered into this 26^th day of March, 2007, by and among BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor (the “Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as seller (in such capacity, the “Seller”) and as master servicer (in such capacity, the “Master Servicer ”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”), in connection with the Pooling and Servicing Agreement, dated as of January 1, 2007, among the above-mentioned parties (the “Agreement”), and the issuance of Bear Xxxxxxx Asset Backed Securities I Trust 2007-AQ1, Asset-Backed Certificates, Series 2007-AQ1. This amendment is made pursuant to Section 11.01 of the Agreement.

1. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Agreement.

2. The definition of Stepdown Date in Section 1.01 of the Agreement is hereby amended effective as of the date hereof by deleting it in its entirety and replacing it with the following:

Stepdown Date: The later to occur of (a) the Distribution Date in February 2010 and (b) the first Distribution Date on which the Current Specified Enhancement Percentage is greater than or equal to 50.40%.

3. Except as amended above, the Agreement shall continue to be in full force and effect in accordance with its terms.

IN WITNESS WHEREOF, the Depositor, the Master Servicer, the Seller and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.

							BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, as Depositor
							By:	/s/  Xxxxx Xxxxxxxxxxx
							Name:	Xxxxx Xxxxxxxxxxx
							Title:	Vice President

							EMC MORTGAGE CORPORATION as Seller and Master Servicer
							By:	/s/  Xxxx Xxxxxxxx
							Name:	Xxxx Xxxxxxxx
							Title:	Assistant Secretary

							LASALLE BANK NATIONAL ASSOCIATION as Trustee
							By:	/s/  Xxxxx X. Xxxx
							Name:	Xxxxx X. Xxxx
							Title:	Vice President

AMENDMENT NUMBER ONE TO BEAR XXXXXXX ASSET BACKED SECURITIES I TRUST 2007-AQ1 POOLING AND SERVICING AGREEMENT