Section 10
SEC. 10. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this temporary permit nor the rights or privileges acquired thereunder to an person, firm, company, corporation or other commercial or legal entity, nor merge with any person, firm, or corporation organized for the same purpose, with the approval of the Congress of the Philippines first had. Any corporation to which this temporary permit may be gold, transferred or assigned shall be subject to the corporation laws of the Philippines now existing or hereafter enacted, and any person, firm, company, corporation or other commercial or legal entity to which this temporary permit is sold, transferred or assigned shall be subject to all conditions, terms, restrictions and limitations of this temporary permit as fully and completely and to the same extent as if the temporary permit had been originally granted to the said person, firm, company, corporation or other commercial or legal entity.