| 1.   | I              have reviewed this report on Form 10-K and all reports on Form 10-D              required to be filed in respect of the period covered by this report              on              Form 10-K of Bear Steams Asset Backed Securities I Trust 2006-AQ1 (the              "Exchange Act periodic reports"); |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.   | Based              on my knowledge, the Exchange Act periodic reports, taken as a whole,              do              not contain any untrue statement of a material fact or omit to state              a              material fact necessary to make the statements made, in light of the              circumstances under which such statements were made, not misleading              with              respect to the period covered by this              report; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.   | Based              on my knowledge, all of the distribution, servicing and other information              required to be provided under Form 10-D for the period covered by this              report is included in the Exchange Act periodic              report; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.   | I              am responsible for reviewing the activities performed by the servicer              (s)              and based on my knowledge and the compliance review (s) conducted in              preparing the servicer compliance statement (s) required in this report              under Item 1123 of Regulation AB, and except as disclosed in the Exchange              Act periodic reports, the servicer (s) have fulfilled their obligations              under the servicing agreement (s) and |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.   | All              of the reports on assessment of compliance with servicing criteria              for              asset-backed securities and their related attestation reports on              assessment of compliance with servicing criteria for asset-backed              securities required to be included in this report in accordance with              Item              1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have              been              included as an exhibit to this report, except as otherwise disclosed              in              this report. Any material instances of noncompliance described in such              reports have been disclosed in this report on Form              10-K. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | /s/                  John A. Vella   |
|--------|--------|--------------------------------------|
|   |   | John                  A. Vella       |
|   |   | President                  & CEO |