Section 10
SEC. 10. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this permit, or the rights and privileges acquired thereunder, to any person, firm, company, corporation, or other commercial or legal entity, nor merge with any 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.