Brisben Water Solutions LLC entered into an agreement to acquire substantially all assets of Ecosphere Technologies, Inc. (OTCPK:ESPH) and Sea of Green Systems, Inc. for $6.9 million on February 12, 2019. Brisben will be able to credit bid in the amount of $6.9 million, which is the approximate amount of its claim. If Brisben successfully credit bids for the assets, it shall pay $0.04 million to Ecosphere and Sea of Green’s bankruptcy estates at the Closing; and if Brisben does not successfully credit bid for the Assets it shall pay, by way of a carve-out from Brisben’s secured claim, $0.14 million to Ecosphere and Sea of Green’s bankruptcy estates at the closing. The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of Ecosphere Technologies, Inc. on April 8, 2019. The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of Ecosphere Technologies, Inc. on April 8, 2019. The sale is excepted to close on within 5 business days of the entry of the sale order. No qualified bids were received by Ecosphere and Sea of Green by the Bid Deadline, though secured creditor Brisben had been deemed a qualified bidder pursuant to the Sale Order. The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of Ecosphere Technologies, Inc. on June 3, 2019. The transaction is subject to approval of the bankruptcy court. Aaron A. Wernick of Furr Cohen, P.A. acted as legal advisor to Ecosphere and Sea of Green. Brisben Water Solutions LLC cancelled the acquisition of substantially all assets of Ecosphere Technologies, Inc. (OTCPK:ESPH) and Sea of Green Systems, Inc. on February 12, 2020.