0000899681-03-000286 Sample Contracts

ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • July 15th, 2003 • Bear Stearns Asset Backed Securities Inc • Asset-backed securities • New York

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (the "Agreement"), dated June 30, 2003, among EMC Mortgage Corporation, a Delaware corporation (the "Assignor"), JPMorgan Chase Bank, as trustee (in such capacity the "Trustee") for the holders of Bear Stearns Asset-Backed Securities Trust 2003-2, Asset-Backed Certificates, Series 2003-2 (the "Assignee"), and Wells Fargo Home Mortgage, Inc. (the "Company"):

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BEAR STEARNS ASSET BACKED SECURITIES, INC., Depositor EMC MORTGAGE CORPORATION, Seller and Servicer WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, Master Servicer and Securities Administrator and JPMORGAN CHASE BANK Trustee
Pooling and Servicing Agreement • July 15th, 2003 • Bear Stearns Asset Backed Securities Inc • Asset-backed securities • New York

Schedules Schedule I Schedule II Exhibits Exhibit A-1 Exhibit A-2 Exhibit A-3 Exhibit A-4 Exhibit A-5 Exhibit A-6 Exhibit A-7 Exhibit A-8 Exhibit A-9 Exhibit A-10 Exhibit A-11 Exhibit B Exhibit C-1 Exhibit C-2 Exhibit C-3 Exhibit D Exhibit E Exhibit F Exhibit G Exhibit H Exhibit I Exhibit J Exhibit K List of Servicing Agreements List of Assignment, Assumptions and Recognition Agreements Form of Class A-IO Certificates Form of Class A-1 Certificates Form of Class A-2 Certificates Form of Class A-3 Certificates Form of Class M-1 Certificates Form of Class M-2 Certificates Form of Class B Certificates Form of Class B-IO Certificates Form of Class R-1 Certificates Form of Class R-2 Certificates Form of Class R-3 Certificates Mortgage Loan Schedule Form of Initial Certification Form of Interim Certification Form of Final Certification Form of Transfer Affidavit Form of Transferor Certificate Form of Investment Letter (Non-Rule 144

BEAR STEARNS ASSET BACKED SECURITIES, INC. Asset-Backed Securities, Series 2003-2 UNDERWRITING AGREEMENT
Underwriting Agreement • July 15th, 2003 • Bear Stearns Asset Backed Securities Inc • Asset-backed securities • New York

Bear Stearns Asset Backed Securities, Inc., a Delaware corporation (“BSABS”), proposes to cause to be issued and to sell to you, as underwriter (the “Underwriter”), the Asset-Backed Certificates, Series 2003-2, having the classes specified on the Pricing Letter (as defined below) and described in Section 2 hereof (the “Public Certificates”) having the characteristics set forth in the Prospectus Supplement (as defined below), evidencing ownership interests in a trust consisting of mortgage notes and the related mortgages acquired by BSABS (the “Mortgage Loans”) and other related property (collectively, the “Trust Fund”). The Mortgage Loans will be of the type and will have the characteristics described in the Prospectus Supplement, subject to the variances, ranges, minimums and maximums set forth in the Prospectus Supplement, and will have the aggregate principal balance set forth in the Prospectus Supplement, subject to an upward or downward variance in principal balance, not to exceed

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • July 15th, 2003 • Bear Stearns Asset Backed Securities Inc • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of June 30, 2003, among EMC Mortgage Corporation (the “Assignor”), JPMorgan Chase Bank, as trustee (in such capacity, the “Trustee”) for the holders of the Certificates referred to below (the “Assignee”), and Irwin Union Bank and Trust Company (the “Company”).

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