Section 9
SEC. 9. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this permit nor the rights or privileges acquired thereunder to any person, firm, company, corporation or other commercial or 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 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 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 the permit had been originally granted to the said person firm company corporation or other commercial or legal entity.