Oncolix, Inc. (OTCPK:ONCX)announced that it has entered into a securities purchase agreement with PowerUp Lending Group, Ltd. for private placement of a convertible promissory note for gross proceeds of $83,000 on November 16, 2018. The note bears a fixed interest rate of 8% per annum and matures on November 16, 2019. The note is convertible into common shares of the company after 180 days following the closing at the variable conversion price which shall mean 63% multiplied by the average of the lowest two trading prices for the common stock during the 15 trading day period ending on the latest complete trading day prior to the conversion date. In the event of default, the note bears a coupon rate of 22%. The prepayment amount will be equal to 120% of the principal amount if paid under 30 days from the date of issuance, 125% if paid between 31 to 60 days, 130% if paid between 61 to 90 days, 135% if paid between 91 to 120 days, 140% if paid between 121 to 150 days, and 145% if paid between 151 to 180 days. After 180 days, the company has no right of prepayment. The company issued note at par. The company has received net proceeds of $80,000 in the transaction. The company issued securities pursuant to exemption provided under Regulation D.