BEAR STEARNS ASSET BACKED SECURITIES I LLC SACO I Trust 2006-5 Mortgage-Backed Certificates Series 2006-5 TERMS AGREEMENT

EXHIBIT 1.1

BEAR XXXXXXX ASSET BACKED SECURITIES I LLC

SACO I Trust 2006-5

Mortgage-Backed Certificates Series 2006-5

TERMS AGREEMENT

Dated: as of April 25, 2006

To: BEAR XXXXXXX ASSET BACKED SECURITIES I LLC

Re: Underwriting Agreement, dated April 13, 2006

Underwriter: Bear, Xxxxxxx & Co. Inc. (the “Underwriter”)

Series Designation: Series 2006-5

Class Designation Schedule of the Certificates: Class I-A, Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class I-B-1, Class I-B-2, Class I-B-3, Class II-A-1, II-A-2, Class II-A-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class II-M-6, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates

Terms of the Certificates:

Class		Original Certificate Principal Balance			Pass-Through Rate
Class I-A		$	202,094,000			Adjustable
Class I-M-1		$	15,234,000			Adjustable
Class I-M-2		$	15,524,000			Adjustable
Class I-M-3		$	5,514,000			Adjustable
Class I-M-4		$	6,965,000			Adjustable
Class I-M-5		$	6,238,000			Adjustable
Class I-M-6		$	4,206,000			Adjustable
Class I-B-1		$	4,496,000			Adjustable
Class I-B-2		$	4,351,000			Adjustable
Class I-B-3		$	3,771,000			Adjustable
Class II-A-1		$	150,999,000			Adjustable
Class II-A-2		$	103,069,000			Adjustable
Class II-A-3		$	47,930,000			Adjustable
Class II-M-1		$	22,628,000			Adjustable
Class II-M-2		$	22,206,000			Adjustable
Class II-M-3		$	9,094,000			Adjustable
Class II-M-4		$	8,671,000			Adjustable
Class II-M-5		$	8,671,000			Adjustable
Class II-M-6		$	6,556,000			Adjustable
Class II-B-1		$	6,979,000			Adjustable
Class II-B-2		$	6,133,000			Adjustable
Class II-B-3		$	5,922,000			Adjustable

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.

Defined Terms: Terms not otherwise defined herein shall have the meanings given to such terms in the Pooling and Servicing Agreement, dated as of April 1, 2006, among Bear Xxxxxxx Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as sponsor and as company, LaSalle Bank National Association, 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 May 2006.

Certificate Rating for the Certificates Being Purchased by the Underwriter:

Class	Standard & Poor’s Rating	Xxxxx’x Rating
I-A	AAA	Aaa
I-M-1	AA+	Aa1
I-M-2	AA	Aa2
I-M-3	AA-	Aa3
I-M-4	A+	A1
I-M-5	A	A2
I-M-6	A-	A3
I-B-1	BBB+	Baa1
I-B-2	BBB	Baa2
I-B-3	BBB-	Baa3
II-A-1	AAA	Aaa
II-A-2	AAA	Aaa
II-A-3	AAA	Aaa
II-M-1	AA+	Aa1
II-M-2	AA	Aa2
II-M-3	AA-	Aa3
II-M-4	A+	A1
II-M-5	A	A2
II-M-6	A-	A3
II-B-1	BBB+	Baa1
II-B-2	BBB	Baa2
II-B-3	BBB-	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 $ ^* in accrued interest).

Credit Enhancement: Excess spread, overcollateralization and subordination as described in the related Prospectus Supplement.

Closing Date: April 28, 2006.

[Signature Page Follows]

^* Please contact Bear, Xxxxxxx & Co. Inc. for pricing information

The undersigned, as 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/ Xxxxxxx Xxxxxxx
Name:	Xxxxxxx Xxxxxxx
Title:	Senior Managing Director
Accepted: BEAR XXXXXXX ASSET BACKED SECURITIES I LLC
By:	/s/ Xxxxxx X. Xxxxxxxxx, Xx.
Name:	Xxxxxx X. Xxxxxxxxx, Xx.
Title:	Vice President

Annex A

Mortgage Loan Schedule

[Available Upon Request]