Ecosphere Technologies, Inc. announced that Sea of Green Systems, Inc. has executed a Technology Licensing Agreement with Ecosphere Development Company, LLC. In exchange for this right, EDC expects to pay SOGS an agreed upon monthly licensing fee for each growing facility that EDC builds and leases to licensed marijuana growers. As part of its first installation in Washington State, EDC is constructing Phase 1 of its 6 acre Cannatech Agriculture Center that at complete build out will include up to forty-thousand square feet of growing canopy that is split among four licensed, Tier II tenants or ten-thousand square feet per tenant. Each Cannatech Ag Center will be a turnkey, high tech growing facility that incorporates SOGS Precision Agriculture technologies to maximize quality and increase plant yield. EDC plans to build and lease each Cannatech Ag Center to licensed I-502 growers in Washington State that will pay monthly rent and licensing fees to EDC for the use of the facility, complete with SOGS proprietary growing technologies and nutrients. EDC has begun construction of Phase 1 and has signed preliminary leases with its first tenant. Upon completion of construction and the granting of a license to the tenant -- which can only occur after completion of construction -- the tenant intends to commence growing marijuana in accordance with Washington State law. For each one of the four Phases of the Cannatech Ag Center, EDC expects to compensate SOGS $25,000 per month in Technology Licensing and Royalty Payments for the life of the lease term or $100,000 per month, which will equate to $1,200,000 per year for potentially up to 30 years.