The Guild Master can be found on the third floor of the Guild, inside a room across the hall from the stairs. When you right click him, you are given a menu that gives you the ability to sign or close a contract with the Guild, fire hunters, and shows you a progress bar for your Honor. You must sign a contract with the Guild in order to gain Honour. This should be the first thing you do. Hunters cost 1500 gold coins each. Come back to the Guild Master often to check on your Honour. He also has a beard, black eyes, a cape, and an iron sword.