Parallax Health Sciences, Inc. (OTCPK:PRLX) entered an agreement to acquire 19% stake in Global Career Networks, Inc. for $1 million on August 28, 2019. As a part of the transaction, Parallax Health Sciences, Inc. will acquire 760 shares of Global Career Networks and will issue 6.666667 million common stock of Parallax Health Sciences to Global Career Networks, at a value $0.15 per share, as a part of consideration. Pursuant to the terms of the agreement, if on the one year anniversary of the agreement the acquisition consideration does not have a market value of at least $2 million, PRLX shall issue additional shares of common stock to be issued in total to GCN such that the aggregate market value of the PRLX Equity and the additional PRLX Equity equal $2 million subject to a floor price for PRLX of $0.15 per share. If PRLX fails to either issue the additional PRLX equity within 30 business days of the one-year anniversary date of the effective date, it shall be considered a breach of this agreement and GCN shall be entitled to all legal remedies without the need for notice of such breach. The transaction is expected to be accretive to the shareholders of Parallax Health Sciences, Inc. As of October 15, 2019, all of the closing conditions pursuant the agreements were satisfied. Parallax Health Sciences, Inc. (OTCPK:PRLX) completed the acquisition of 19% stake in Global Career Networks, Inc. on September 6, 2019.