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Section 2. Horve is authorized under this Agreement to direct and control all <br /> matters relating to the management, operation, supervision and maintenance of the <br /> Hotel and to take any and all action reasonably necessary to fulfill its responsibilities <br /> and obligations under the terms of this Agreement, including the management, <br /> operation, supervision and maintenance of the Hotel pursuant to business and industry <br /> standards, and shall use reasonable business judgment in making all decisions <br /> necessary in the performance of its obligations. <br /> Section 3. Any and all costs, claims, expenses and liabilities related to the �� <br /> management, operation, supervision and maintenance of the Hotel except as ', <br /> specifically excluded herein, shall be considered operating expenses, the payment of I <br /> which shall be the responsibility of Horve. I <br /> Section 4. Owner shall make available to Horve funds in the amount of One '� <br /> Hundred Twenty Five Thousand Dollars ($125,000.00), as initial working capital to pay <br /> initial operating expenses of the Hotel. Said funds shall be held in Horve's name, in a <br /> federally insured banking institution. The payment of all operating expenses after the <br /> exhaustion of the initial working capital shall be paid from the revenues generated by <br /> the Hotel and Owner shall have no further obligation to fund operating expenses. Horve <br /> shall be obligated to fund operating expenses after the initial working capital is <br /> exhausted and should revenues generated be insufficient to pay the operating <br /> expenses of the Hotel, Horve shall be obligated to pay those and hold Owner harmless <br /> for such payments. <br /> Section 5. In addition to the initial working capital, Owner shall make available to <br /> Horve funds in the amount of Five Hundred Thousand Dollars ($500,000.00) as a <br /> 2 <br />