0000950117-06-000851 Sample Contracts

MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • February 23rd, 2006 • Long Beach Mortgage Loan Trust 2006-Wl1 • Asset-backed securities • New York

This is a Mortgage Loan Purchase Agreement (the “Agreement”), dated January 9, 2006, between Long Beach Securities Corp., a Delaware corporation (the “Purchaser”) and Long Beach Mortgage Company, a Delaware corporation (the “Seller”).

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LONG BEACH SECURITIES CORP., Depositor LONG BEACH MORTGAGE COMPANY, Seller and Master Servicer and DEUTSCHE BANK NATIONAL TRUST COMPANY, Trustee POOLING AND SERVICING AGREEMENT Dated as of January 1, 2006
Pooling and Servicing Agreement • February 23rd, 2006 • Long Beach Mortgage Loan Trust 2006-Wl1 • Asset-backed securities • New York

This POOLING AND SERVICING AGREEMENT is dated as of January 1, 2006 (the “Agreement”), among LONG BEACH SECURITIES CORP., as depositor (the “Depositor”), LONG BEACH MORTGAGE COMPANY, as seller (the “Seller”) and master servicer (the “Master Servicer”) and DEUTSCHE BANK NATIONAL TRUST COMPANY, as trustee (the “Trustee”).

LONG BEACH SECURITIES CORP. $1,840,113,000 (Approximate) Long Beach Mortgage Loan Trust 2006-WL1 Asset-Backed Certificates Series 2006-WL1 UNDERWRITING AGREEMENT
Underwriting Agreement • February 23rd, 2006 • Long Beach Mortgage Loan Trust 2006-Wl1 • Asset-backed securities • New York

Long Beach Securities Corp., a Delaware corporation (the “Depositor”), has authorized the issuance and sale of Long Beach Mortgage Loan Trust 2006-WL1, Asset-Backed Certificates, Series 2006-WL1, Class I-A1, Class I-A2, Class I-A3, Class II-A1, Class II-A2, Class II-A3, Class II-A4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates (collectively, the “Underwritten Certificates”) and the Class C, Class P, Class R, Class R-CX and Class R-PX Certificates (collectively, the “Non-Offered Certificates” and, together with the Underwritten Certificates, the “Certificates”).

ISDA® International Swap Dealers Association, Inc. MASTER AGREEMENT dated as of February 8, 2006
Isda Master Agreement • February 23rd, 2006 • Long Beach Mortgage Loan Trust 2006-Wl1 • Asset-backed securities • New York

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

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