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ion, termination or a stay by the Emergency <br /> b . Upon suspension, revocat <br /> Services Director of this Franchise , Grantee shall immediately cease all <br /> operations authorized by this Franchise , <br /> revocation, termination of a driver ' s license such person <br /> c . Upon suspension, <br /> shall cease to dive an ambulance or other EMS Service Vehicle . Upon <br /> suspension, revocation or termination of an attendant ' s certificate (i . e . , <br /> Medical Responder, EMT, EMT-I or EMT-P) by the Office of Emergency <br /> Medical Services or by the Medical Director, such person shall cease to <br /> attend patients or otherwise provide medical care . Grantee shall not permit <br /> the foregoing person to drive an ambulance or their EMS Service Vehicle <br /> or provide medical care in conjunction with EMS Services , if Grantee is <br /> found to have notice of or should have had notice of such suspension, <br /> revocation or termination at the sole discretion of the Grantor this shall <br /> terminate the Franchise and shall require a new application and a new <br /> Franchise in conformance with all the requirements of the EMS Franchise <br /> Ordinance , as amended and in effect at the time of franchising . <br /> d . In the event that Grantee shall at any time during the Franchise desire to sell <br /> any of the real or personal property identified in Exhibit B (hereinafter <br /> "Asset" or "Assets ") , which is hereby incorporated by reference , pursuant <br /> to a bona fide offer to a bona fide offer which it shall have received, it shall <br /> offer to sell any such Asset or Assets (hereafter "Asset or Assets for Sale) <br /> to Grantor at the same process as that contained in such bona fide offer . The <br /> offer to Grantor to sell an Asset shall be in writing and shall include a copy <br /> of the bona fide offer . The offer to Grantor to ell an Asset shall be in writing <br /> and shall include a copy of the bona fide offer for the Asset received by the <br /> Grantee . Grantor shall have 60 days from and after receipt thereof to decide <br /> whether or not to purchase the Asset or Assets for Sale at such prove . If <br /> Grantor shall give notice of intent not to purchase or shall give no notice <br /> within the time herein limited, Grantee may accept such offer and proceed <br /> with the sale thereunder . If Grantor notifies Grantee that it elects to <br /> purchase the Asset or Assets for Sale at such prove, the parties shall enter <br /> into a contract of purchase and sale forthwith . Such contract shall provide, <br /> among other things , for the conveyance of good and marketable title b <br /> warranty deed . Upon dissolution of the Grantee pursuant to N . C . Gen. State <br /> § 55A444 et seq . , the Assets shall be either : (a) distributed to one or more <br /> appropriately receiving successor Franchisee (s) that will carry on, In <br /> Orange County, the functions of ambulance , first or medical responder, <br /> rescue or other related emergency services meeting one or more exempt <br /> purposes within the meaning of 501 (c) (3 ) of the Internal Revenue code (or <br /> the corresponding section of any future federal tax code) or (b) distributed <br /> to the grantor for the foregoing public purposes . This subsection 16 (d) of <br /> this EMS Service Franchise survives the termination of the Franchise . <br /> First Choice Medical Transport, LLC <br /> EMS Franchise Agreement <br /> Page 16 of 22 Rev <br />