Section 8
SEC. 8. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this permit, or the rights or privileges acquired thereunder, to any person, firm, company, corporation or other commercial or other legal entity, nor merge with any other person, company or corporation organized for the same purpose, without the approval of the Congress of the Philippines first had. Any corporation to which this permit may be sold, transferred, or assigned shall be subject to all the conditions, terms, restrictions and limitations of this permit as fully and completely and to the same extent as if the permit had been originally granted to the said person, firm, company, corporation or other commercial or legal entity.