Section 9
SEC. 9. The grantee .shall not lease, transfer, grant the usufruct of, sell or assign this permit, nor the rights or privileges appertaining thereto to any person, firm, company, corporation or other commercial or legal entities, nor merge with any other person, firm, company or corporation, organized for the same purpose without first securing the approval of the Congress of the Philippines. Any corporation to which this permit may be sold, transferred or assigned shall be Subject to the Corporation Law of the Philippines now existing or hereafter enacted, and any person, firm, company, corporation or other commercial or legal entity to which this permit is sold, transferred or assigned shall be subject to all conditions, terms, restrictions and limitations of this permit as fully and completely and to the same extent as if this permit has been originally granted to the said corporation, person, firm, company or other commercial or legal entity.