The US Bankruptcy Court gave an order approving the DIP financing agreement for Ecosphere Technologies, Inc. on February 13, 2019. As per the order, the debtor has been authorized to obtain a DIP financing in the total amount of $0.10 million from TeslaGREEN USA, Inc. The DIP financing obtained by the debtor shall be paid in the form of $25,000 per month for 4 months. TeslaGREEN shall not be entitled to any interest on the Loan and shall not have the ability to credit bid the amount of its Loan in the sale of substantially all of the Debtor’s assets. The proceeds of DIP financing would be used to fund the debtor’s operations during the Chapter 11 cases.