Section 10
SEC. 10. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this temporary permit, or the rights or privileges acquired thereunder to any person, natural or juridical, nor merge with any other person, without the approval of the Congress of the Philippines first had. Any person, natural or juridical to which this temporary permit may be sold, transferred or assigned shall be subject to the corporation laws of the Philippines now existing or hereafter enacted, and any person 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 as completely and to the same extent as if the temporary permit has been originally granted to such person.