I think wholly has already answered your question. I just want to add some extra points. If you have seen the hosting.html mentioned by wholly, you should see that you can have a L2 plan on a monthly plan, 1-year plan, or 2-year plan. Here is how DH will charge you.
For example, if you choose 1-year L2 plan, DH will charge you every year. You have to pay for the first year when you sign up.
Don't forget, you ge another 20% discount if you sign up 2-year plan. You can tell from the hosting.html. It is not 9.95/mo but 7.95/mo
More code here Save [color=#CC0000]$97[/color] (max discount) with [color=#CC0000]97CRAZY[/color] [url=http://www.dreamhost.com/r.cgi?250986|97CRAZY]SignUp NOW[/url]