EXHIBIT 4(b) 5

CONSULTING AGREEMENT

THIS AGREEMENT is effective as of January 1, 2003.

BETWEEN 

ChineseWorldNet.com Inc.

P.O. Box 1350, theHuntlaw Bldg., 

Fort Street, GeorgeTown 

Grand Cayman, CaymanIslands 

(*"ChineseWorldNet.com"*)

AND 

GOLDPAC INVESTMENTPARTNERS LTD in B.V. I. 

(*"Goldpac"*)

WHEREASChineseWorldNet.com and Goldpac are desirous of setting out the terms 

and conditions oftheir service relationship. 

NOW THEREFORE THISAGREEMENT WITNESSES that the parties agree as follows: 

1. Services 

Goldpac offers consulting services to ChineseWorldNet.comrelated to corporate development, market development and technical support forthe period from January 1, 2003 to December 31, 2003. 

2. Fees 

Goldpac charges ChineseWorldNet.com Inc. USD 2,000 per monthfor the consulting services to be provided from January 1, 2003 to December 31,2003. 

3. Responsibilities of Goldpac 

Goldpac's duties under this Agreement are as follows: 

| (i)
Goldpac will    use its best efforts to provide advice and support to ChineseWorldNet.com    related to market development, corporate issues and technology building    during the above said period.
(ii)
Goldpac will    keep ChineseWorldNet.com informed as to any problems encountered and as to    any solutions found for those problems.
(iii)
Goldpac will    keep all the trade information and information obtained during the course of    consulting ChineseWorldNet.com intact, confidential. 
4. Responsibilities of ChineseWorldNet.com 

ChineseWorldNet.com's duties under this Agreement are asfollows: 

(i)
    ChineseWorldNet.com will provide all the necessary information for Goldpac    to perform its consulting services and without hiding of any information.    
(ii)
    ChineseWorldNet.com will pay for all the necessary expenses incurred during    the course of Goldpac performing the consulting services. 
5. Termination 

This agreement may be terminated by either party with areasonable notice in advance and have a mutual consensus of both parties. 

6. Amendment 

This Agreement may be altered, modified or amend by writing,with mutual

consensus from both parties and sign by both parties. 

7. Assignment 

Nether party to this agreement may assign or delegate itsduties under this agreement without the prior written consent of the other. 

8. Entire Agreement 

This agreement, including all schedules (if any) hereto,constitutes the entire agreement between the parties relating to this subjectmatter and supersedes all prior or simultaneous representations, discussions,negotiations and agreements, whether written or oral. This agreement may beamended or modified only with written consent of the parties hereto. No oralwaiver, amendment of modification will be effective under any circumstanceswhatsoever. 

9. Governing Law 

This Agreement shall be governed by and construed in accordancewith the laws of Cayman Island. 

In witness of this, the parties have executed this Agreement asof the date first written above. 

By CHINESEWORLDNET.COM INC. 

Authorized Signature: */s/ Joe Tai*
Name: Joe Tai 

Title: CEO & President

 

By GOLDPAC INVESTMENT PARTNERS LTD 

Authorized Signature:*/s/ Chi Cheong Liu*
Name: Chi Cheong Liu 

Title: Partner |
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