I the undersigned debtor acknowledge and agree to pay the for the approved credit by the creditor as stated above. I understand that the interest payments are at 18% per year or 1.5% per month on any unpaid balance plus a 5% late fee. This Agreement is bounded with and enforced by the laws of the Republic of Palau. In the event the Creditor needs to use, hire an attorney, and or to file a lawsuit to enforce this Agreement, wholly or partially, against the Debtor, the Debtor shall be liable to pay for unpaid credit balance, reasonable collection expenses, court costs, and attorney’s fee incurred before filing any lawsuit or claim, in the trial court, in any post-judgment proceedings, and in any appeal, until the amount due hereunder are paid in full, and Debtor WAIVES the protections and applicable provisions of RPPL 7-11 (14 PNC §2110(a) as to Debtor’s right to claim property as exempt from execution or judicial process or seizure or sale, and §2111 as to limits on legal fees and expenses claimed by the Creditor.