2.1 Appointment and Acceptance
(a) In exchange for the Capital Contribution, the Owner appoints the Manager as the Owner's sole and exclusive agent to manage and operate the Hotel during the Term and licences the Manager to come onto the Property and use the FF&E for that purpose.
(b) The Manager accepts the appointment and agrees to manage and operate the Hotel as the Owner’s agent throughout the Term, in accordance with the terms and conditions of this Agreement.