EXHIBIT A
BEAR XXXXXXX ASSET BACKED SECURITIES I LLC
TERMS AGREEMENT
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Dated: March 14, 2007
To: BEAR XXXXXXX ASSET BACKED SECURITIES I LLC
Re: Underwriting Agreement, dated as of April 13, 2006
(the "Underwriting Agreement")
Underwriter: Bear, Xxxxxxx & Co. Inc.
Series Designation: Bear Xxxxxxx Asset Backed Securities Trust 2007-SD2
Class Designation Schedule of the Certificates: Class I-A-1A, Class I-A-1B,
Class I-PO, Class I-A-1A, Class I-A-2B, Class I-A-3A, Class I-A-3B, Class I-X,
Class I-B-1,Class I-B-2, Class I-B-3, Class II-A-1, Class II-A-2, Class
II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5
Terms of the Certificates:
Class Certificate Principal Balance Pass-Through Rate
I-A-1A $34,526,000.00 5.500
I-A-1B $1,819,000.00 5.500
I-PO $1,816,415.00 0.000
I-A-2A $26,234,000.00 6.000
I-A-2B $1,382,000.00 6.000
I-A-3A $55,514,000.00 6.500
I-A-3B $2,924,000.00 6.500
I-X $47,759,641.00 VAR
I-B-1 $8,192,000.00 VAR
I-B-2 $4,946,000.00 VAR
I-B-3 $2,878,000.00 VAR
II-A-1 $137,696,000.00 ADJ
II-A-2 $34,424,000.00 ADJ
II-M-1 $4,776,000.00 ADJ
II-M-2 $4,471,000.00 ADJ
II-M-3 $7,418,000.00 ADJ
II-M-4 $5,284,000.00 ADJ
II-M-5 $2,032,000.00 ADJ
The Certificates purchased by the Underwriter will be offered from time to time
by the Underwriter in negotiated transactions at varying prices to be determined
at the time of sale.
*Contact Bear Searns for pricing information
Defined Terms: Terms not otherwise defined herein shall have the meanings given
to such terms in the Pooling and Servicing Agreement dated as of February 1,
2007, among Bear Xxxxxxx Asset Backed Securities I LLC, as depositor, EMC
Mortgage Corporation, as sponsor, Xxxxx Fargo Bank, N.A., as master servicer and
securities administrator, and Citibank, N.A., as trustee.
Form of Certificates Being Purchased by the Underwriter: Book-Entry.
Distribution Dates: The 25th day of each month or, if such 25th day is not a
business day, the next succeeding business day beginning in March 2007.
Certificate Rating for the Certificates Being Purchased by the Underwriter:
Ratings
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Class S&P Fitch Xxxxx'x
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I-A-1A AAA AAA Not Rated
I-A-1B AAA AAA Not Rated
I-PO AAA AAA Not Rated
I-A-2A AAA AAA Not Rated
I-A-2B AAA AAA Not Rated
I-A-3A AAA AAA Not Rated
I-A-3B AAA AAA Not Rated
I-X AAA AAA Not Rated
I-B-1 AA AA Not Rated
I-B-2 A A Not Rated
I-B-3 BBB BBB Not Rated
II-A-1 AAA Not Rated Aaa
II-A-2 AAA Not Rated Aaa
II-M-1 AA+ Not Rated Aa1
II-M-2 AA Not Rated Aa2
II-M-3 A Not Rated A2
II-M-4 BBB Not Rated Baa2
II-M-5 BBB- Not Rated Baa3
Mortgage Assets: The Mortgage Loans to be included in the Trust Fund are as
described in Annex A hereto.
Purchase Price: The aggregate purchase price payable by the Underwriter for
the Certificates covered by this Agreement will be $ * (plus $ *
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in accrued interest).
Credit Enhancement: As described in the related Prospectus Supplement.
Closing Date: March 15, 2007.
*Contact Bear Searns for pricing information
The undersigned, as the Underwriter, agrees, subject to the terms and provisions
of the above referenced Underwriting Agreement, which is incorporated herein in
its entirety and made a part hereof, to purchase the respective principal
amounts of the Classes of the above referenced Series of Certificates as set
forth herein.
BEAR, XXXXXXX & CO. INC.
By: /s/ Xxxx Xxxxxxxx
Name: Xxxx Xxxxxxxx
Title: Vice President
Accepted:
BEAR XXXXXXX ASSET BACKED
SECURITIES I LLC
By: /s/ Xxxxx Xxxxxxxxxxx
Name: Xxxxx Xxxxxxxxxxx
Title: Vice President
