| 1) | FORMATION OF CHINESE      JOINT VENTURE COMPANY |
|----|-------------------------------------------------|

|  | a) | The      Parties agree to form a Chinese-foreign joint venture limited liability      company, tentatively to be known as CWN China Co., Ltd. (“[CHINESE JV]”). [CHINESE JV]which shall be organized in the      People’s Republic of China (“China”). [CHINESE JV]shall be governed by a      definitive joint venture agreement, and any other agreement or      documentation to be entered into by the Parties after good faith      negotiations and as required to effectuate the Parties’ intent as      contemplated under thisAgreement. |
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|  | b) | The      Parties agree that until such time as the Definitive JV Agreement is fully      executed, this Agreement shall serve as a binding agreement between the      Parties in connection with the Joint Venture. Each of the Parties hereby      agrees to execute and/or deliver such further definitive agreements and      other instruments as may be reasonably required to carry out or effectuate      the purposes and intent of this Agreement, including the execution of the      Definitive JV Agreement. |
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|  | c) | Each      Party will be an interest holder of [CHINESE      JV] in its individual capacity. However, each Party is free to      establish a wholly owned corporate entity to hold his respective shares of      [CHINESE      JV]. |
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|  | d) | The      formation of [CHINESE      JV] shall be subject to the professional opinions of legal counsel      and/or tax professionals satisfactory to the Parties that such Joint      Venture was duly formed, organized or structured, validly existing and in      good standing under the laws of China and has the requisite power and      authority to own, lease and operate its assets and properties and to carry      on its business as it is planned to be conducted by the Parties as      described in Section 3 below. |
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|  | e) | The      Definitive JV Agreement shall be entered into and signed by all Parties      within four (4) weeks of the date on which this Agreement is fully      executed by all Parties (the “ExecutionDate”). |
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|  | f) | Compass      shall use its best efforts to complete the official formation and      organization of this Chinese-foreign joint venture limited liability      company within six (6) weeks of the Execution Date. ChineseWorldNet shall      assist Compass in completing the formation and organization of the      Chinese-foreign joint venture limited liability company until it is fully      formed and organized. |
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| 2) | CAPITALIZATION OF      [CHINESE      JV] |
|----|------------------------------------------|

|  | a) | The      initial capitalization of [CHINESE      JV] shall be RMB5,000,000. The total investment in [CHINESE      JV] shall be determined with the mutual consent of both      Parties. |
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|  | b)  | The      Parties shall contribute their initial capital as  follows: |
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|  | i) | ChineseWorldNet      shall contribute RMB3,500,000 to [CHINESE JV]as its initial capital      contribution. |
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|  | ii) | Compass      shall contribute RMB1,500,000 to [CHINESE JV]as its initial capital      contribution. |
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|  | iii) | Each      Party’s “Equity Interest” shall mean such Party’s pro-rata share of the      capital invested in [CHINESE      JV]. As a result the above initial capital contributions, the      Parties’ initial Equity Interest in [CHINESE      JV] is as follows: ChineseWorldNet -seventy percent (70%) and      Compass - thirty percent(30%). |
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| 3) | BUSINESS      SCOPE |
|----|---------------------|

|  | a) | The      business of the [CHINESE      JV] (the “Business Scope”) shallinclude: |
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|  | i) | Reconstruction,      management and further development of Compass’ Sales Agents program in      China, including: |
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|  | (1) | the      future training and development of the Sales Agents (as defined below);      and |
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|  | (2) | overseeing      and coordinating the regional marketing activities of the Sales Agents (as      defined below). |
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|  | ii) | Coordination      and operation of ChineseWorldNet’s Global Chinese Financial Forum – China      Conference (“GCFF ChinaConference”). |
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|  | iii) | Other      business development-related projects and transactions in China,      including, but not limited to the development of an investor      relations/public relations business. All such projects and transactions      shall be subject to review and unanimous approval of all Parties. All      necessary agreements in connection with such projects and transactions      shall be entered into at a later time to be determined by the      Parties. |
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|  | b) | Sales      Agents. During the first year of the joint venture (“First Stage”), [CHINESE      JV] shall manage the 10 Compass sales agents whose names are set      forth in Appendix A      hereto (individually “Sales Agent” and collectively the “Sales      Agents”).   The Definitive JV Agreement shall be executed      based on a franchising model for the Sales Agents (the “Franchising      Model”) which shall be mutually agreed upon by the Parties. The      Franchising Model shall include a Sales Agent incentive program      substantially in the form of the “Rewarding Scheme” attached hereto as      Appendix      B. After the First Stage and subject to unanimous approval by the      Parties, [CHINESE      JV] may add additional SalesAgents. |
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|  | c) | Other      Business Opportunities. No Party shall enter into any other venture having      a scope similar to that encompassed by the Business Scope defined herein.      Except as provided below, any business opportunity presented to or      identified by a Party that is within the scope of the business      contemplated herein shall be presented to [CHINESE      JV] for consideration, and the [CHINESE      JV] shall have thirty (30) days to determine whether it shall      participate in such venture. |
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|  | d) | Geographic      restrictions and exclusivity |
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|  | i) | GCFF      China Conference. The Parties agree that [CHINESE JV]      shall only handle the coordination and operation of GCFF China      Conference within China, and that [CHINESE      JV] shall neither be responsible for nor shall receive revenues      from GCFF’s operations outside of China. For purposes of this Agreement,      China shall include Hong Kong, Taiwan andMacao. |
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|  | ii) | Products      Right. [CHINESE      JV] shall have the right to use the products/services, marketing      tools (including software) and distribution channels of Compass that      currently exist or which shall be developed during the Term (as defined      below) of this Agreement. |
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| 4) | JOINT VENTURE      RESPONSIBILITIES |
|----|-------------------------------------|

|  | a) | The      roles and responsibilities of each Party in connection with the formation      and management of the Joint Venture, shall be as  follows: |
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|  | (i) | ChineseWorldNet’s      Responsibilities. ChineseWorldNet’s responsibilities shall be as      follows: |
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|  | (1) | ChineseWorldNet      shall make full payment of its capital contribution according to Section      2(b) of this Agreement. |
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|  | (2) | ChineseWorldNet      shall assist Compass in the completing the formation and organization of      the Chinese-foreign joint venture limited liability company, such as      providing related documentation for the registration and licensing of the      Joint Venture. |
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|  | (3) | ChineseWorldNet      shall be responsible for creating an incentive program for the Sales      Agents by providing a Rewarding Program substantially in the form attached      hereto as Appendix “B” in return for the Sales Agents’ involvement in the      Joint Venture. |
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|  | (ii) | Compass’      Responsibilities. Compass’s role and responsibilities shall      include: |
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|  | (1) | making      full payment of its capital contribution according to Section 2(b) of this      Agreement; |
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|  | (2) | applying      for and ensuring the complete and proper registration and licensing of the      Joint Venture with the appropriate Chinese governmental authorities and      handling any additional related issues in connection with the proper      formation, organization and licensing of      [CHINESE JV] as a Chinese-foreign joint venture limited      liability company; |
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|  | (3) | coordination      and execution of the Franchising Model and ensuring the proper merger of      Compass’ sales/marketing team into the Joint  Venture; |
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|  | (4) | operation      and management of the Joint Venture’s “after sales” services, software      development and maintenance programs;and |
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|  | (5)  | arranging      for Compass to enter into and sign an exclusive agency agreement with      [CHINESE      JV]. |
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| 5) | [CHINESE      JV] OPERATIONS |
|----|------------------------------|

|  | a) | [CHINESE      JV] shall operate through an annual business plan (the “Business      Plan”), which shall include a pre-determined cost-control model applicable      to the Sales Agents (the “JV Cost-control Model”). The initial Business      Plan (“Initial Business Plan”) shall be unanimously approved by the      Parties and the Board of Directors of [CHINESE      JV] (the “Board”). |
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|  | b) | After      the Initial Business Plan is unanimously approved by the Parties, the      Joint Venture’s ongoing Business Plan shall be subject to review, revision      and/or further approval by [CHINESE      JV]’sBoard either at the      end of each fiscal year or as needed according to the discretion of the      Board. The Business Plan shall include the  following: |
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|  | i) | Annual      Budget containing the JV Cost-control Model, including sufficient monthly      detail as to projected revenue, expenses and capital      requirements; |
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|  | ii) | Projected      business opportunities the Parties will evaluate during the year;      and |
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|  | iii) | Roles      and responsibilities of each Party with respect to identification and      evaluation of businessopportunities. |
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| 6) | [CHINESE      JV] VOTING AND      MANAGEMENT |
|----|----------------------------------------------|

|  | a) | Voting.      Each Party shall have a voting interest in [CHINESE      JV] equal to such Party’s Equity Interest. The members of the Board      shall each have one voting right on all matters requiring a vote by the      Board for approval. |
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|  | b) | Except      as otherwise provided herein, all major decisions, including but not      limited to all non-day-to-day operational decisions, of [CHINESE      JV] shall require the unanimous approval by the members of the      Board unless approval by the Parties, as equity owners of [CHINESE      JV] (the “Shareholders”), for the corporate actions to be taken in      connection with such decisions is required under Chinese Law (as defined      below). For the avoidance of doubt, the following decisions/actions shall      require unanimous approval by the Board unless shareholder approval is      otherwise required under ChineseLaw: |
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|  | i) | approval      of all revisions and additions to the [CHINESE      JV]’sInitial Business Plan; |
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|  | ii) | approval      of the Initial and Annual Budget; |
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|  | iii) | approval      of the participation by [CHINESE      JV] in a business opportunity in any  manner; |
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|  | iv) | disposition      of any investment by [CHINESE      JV]; |
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|  | v) | incurring      indebtedness by [CHINESE      JV] outside the confines of the Business Plan or Annual Budget or      otherwise in excess ofRMB1,000,000; |
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|  | vi) | giving      any guarantee or indemnity to secure the liabilities or obligations of a      Party or any other person;and |
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|  | vii) | appointment      of Management (as defined below). |
|--|------|----------------------------------------------------|

|  | viii) | the      amendment of the Articles ofAssociation. |
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|  | ix) | the      increase and/or decrease of the capitalization of [CHINESE      JV]. |
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|  | x)  | the      suspension or dissolution of [CHINESE      JV]. |
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|  | xi) | the      distribution of profit of [CHINESE      JV]. |
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|  | xii) | the      change of the business scope of [CHINESE      JV]. |
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|  | xiii) | the      merger or separation of [CHINESE      JV]. |
|--|-------|-----------------------------------------------------|

|  | xiv)  | the      disposal of assets of [CHINESE      JV]. |
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|  | c) | Management      Structure, Executive Officers and Board of Directors. [CHINESE      JV]’sBoard shall consist of three      individual members, of which ChineseWorldNet shall select two members, and      Compass shall select one member. The initial management structure and      executive officers of the [CHINESE      JV]  (the “Management”) shall be determined by unanimous      approval of the Board at a later date to be determined by the Board but      not later than immediately prior to the execution of the Definitive JV      Agreement. |
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| 7) | DISTRIBUTIONS OF SALES      PROFITS |
|----|-------------------------------------|

|  | a) | All      of [CHINESE      JV]’ssales profits shall      be used primarily to fund the growth of [CHINESE      JV] ’s business and for      other business purposes as mutually agreed upon by the Parties and the      Board. |
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| 8) | TERM OF AGREEMENTS AND      TERMINATION |
|----|-----------------------------------------|

|  | a) | Term      of Agreement. This Agreement shall commence on the date first above      written and shall continue in existence until the full execution of the      Definitive JV Agreement, or until Termination as set forth in Section      (8)(b) herein. |
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|  | b) | Termination      of Agreement. This Agreement may only be terminated prior to the Parties’      full execution of the Definitive JV Agreement (“Termination”) by mutual      written consent of Compass andChineseWorldNet. |
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|  | c) | Effect      of Termination. In the event this Agreement is terminated pursuant to      Section (8)(b), except for the provisions of Sections (10)(c) and (10)(d),      which shall survive the termination of this Agreement, Chinese WorldNet’s      and Compass’s rights and obligations under this Agreement shall terminate;      provided, however, that except as otherwise agreed by the parties, the      termination of this Agreement shall not relieve any party from any      liability for damages incurred as a result of a breach by such party of      its representations, warranties, covenants agreements or other obligations      hereunder occurring prior to suchtermination. |
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| 9) | TRANSFERABILITY OF      INTERESTS/ADMISSION OF NEWMEMBERS |
|----|-----------------------------------------------------------|

|  | a) | Transfer      of Interest. No Party can transfer any portion of his Equity Interest in      [CHINESE      JV] without the prior written consent of the remaining      non-transferring Party. |
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|  | b)  | Right      of First Refusal. |
|--|----------|------------------------------|

|  | i) | If      a Party (“Selling Party”) desires to transfer all or part of his Equity      Interest in [CHINESE      JV] in any manner, the Selling Party shall first provide to the      other Party the proposal for the transfer and the terms and conditions on      which the transfer isproposed. |
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|  | ii) | The      other Party shall each have thirty (30) days from the date when such Party      receives the proposal from the Selling Party to decide whether such party      wishes to acquire the interest proposed for transfer on the same terms and      conditions as proposed by the SellingParty. |
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|  | iii) | If      the other Party does not wish to acquire the interest on the same terms      and conditions provided by the Selling Party, such Party shall give the      Selling Party a written notice or consent permitting the transfer of the      interest in [CHINESE      JV] by the SellingParty. |
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|  | c) | Admission      of New Members. A new joint venture member cannot be admitted to [CHINESE      JV] without the prior written consent of all    Parties. |
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| 10) | OTHER      PROVISIONS |
|-----|-----------------------|

|  | a) | Governing      Law. This Agreement shall be governed by the laws of the People’s Republic      of China (“Chinese Law”), as if it were executed and fully performed in      that jurisdiction. |
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|  | b) | Representations      and Warranties. Each Party represents and warrants to the other that it is      duly organized, validly existing and in good standing under the laws of      its respective jurisdiction. Each Party further represents and warrants      that it has the right to enter into this Agreement and to perform its      obligations herein. |
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|  | c) | Survival      of Representations, Warranties and Covenants. The representations and      warranties of ChineseWorldNet and Compass contained in this Agreement      shall, notwithstanding any investigation or notice by or to any party      prior to the Execution Date, survive the Execution Date. The covenants and      agreements of the parties contained in this Agreement shall survive until      fully performed or otherwise terminated in accordance with the terms of      this Agreement. |
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|  | d) | Indemnification. |
|--|----|------------------|

|  | i) | Compass      agrees to shall indemnify and hold harmless ChineseWorldNet from and      against any and all Loss and Litigation Expense (as defined below), which      any of them may suffer or incur as a result of or arising from any of the      following: (a) the failure of any representation or warranty by Compass in      this Agreement to be true and correct in any material respect on the      Execution Date, except to the extent that any such representation or      warranty refers specifically to a date other than the Execution Date, in      which case, failure of such representation or warranty to be true and      correct in any material respects as of such date; and (b) the failure of      Compass to perform in any material respect any of its covenants or      agreements set forth in thisAgreement. |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | ii) | ChineseWorldNet      agrees to shall indemnify and hold harmless Compass from and against any      and all Loss and Litigation Expense (as defined below), which any of them      may suffer or incur as a result of or arising from any of the following:      (a) the failure of any representation or warranty by ChineseWorldNet in      this Agreement to be true and correct in any material respect on the      Execution Date, except to the extent that any such representation or      warranty refers specifically to a date other than the Execution Date, in      which case, failure of such representation or warranty to be true and      correct in any material respects as of such date; and (b) the failure of      ChineseWorldNet to perform in any material respect any of its covenants or      agreements set forth in thisAgreement. |
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|  | iii) | “Litigation      Expense’ means any expense incurred in connection with investigating,      defending or asserting any Claim indemnified against under this Agreement,      including, without limitation, court filing fees, court costs, arbitration      fees or costs, witness fees, and reasonable fees and disbursements of      legal counsel (whether incurred in any action or proceeding between the      parties to this Agreement or between any party to this Agreement and any      third party), investigators, expert witnesses, accountants and other      professionals. “Loss” means any loss, obligation, liability, settlement      payment, award, judgment, fine, penalty, interest charge, expense, damage      or deficiency or other charge, other than a Litigation      Expense. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | e) | Costs.      Each Party shall individually bear the costs they each incur prior to the      formation of the Joint Venture. All costs incurred after the establishment      of the Joint Venture shall be borne proportionally by the Parties      according to their initial capital  contributions. |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | f) | Notices.      All notices, demands, requests, consents, approvals or other      communications required or permitted to be given hereunder or which are      given with respect to this Agreement shall be in writing and shall be      delivered (charges prepaid, receipt confirmed or return receipt requested      (if available)) by hand, by nationally recognized air courier service, by      certified mail or facsimile, addressed as set forth below or to such other      address as such Party shall have specified most recently by written      notice. Notices shall be deemed given and effective (i) if delivered by      hand or by nationally recognized courier service, when delivered during      regular business hours at the address specified in this Section (9)(f) (or      in accordance with the latest unrevoked written direction from such      Party), (ii) if by certified mail, four (4) business days after mailing or      (iii) if given by facsimile when such facsimile is transmitted to the fax      number specified in this Section (9)(f) (or in accordance with the latest      unrevoked written direction from such Party), provided the appropriate      confirmation is received. |
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|  | g) | No      Reliance. The Parties each acknowledge that, in entering into this      Agreement, they have not relied upon any statements, representations,      warranties, correspondence, negotiations, conditions, understandings,      promises and agreements, oral or written, not specifically set forth in      this Agreement. Each of the Parties represents that prior to executing      this Agreement, each Party had an opportunity to fully review, analyze,      and obtain legal counsel to obtain advise regarding the meaning and      consequence of all of theterms      and provisions of thisAgreement. |
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|  | h) | Further      Assurances. Each of the Parties agree on behalf of themselves to produce      and execute such other documents or agreements as may be necessary or      desirable for execution and implementation of this Agreement and the      consummation of the transactions contemplated thereby, including but not      limited to the Definitive JVAgreement. |
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|  | i) | Severability      and Waiver. If any provision of this Agreement is held by a court of      competent jurisdiction to be invalid or unenforceable, such determination      shall not affect any other provisions of this Agreement, which shall      remain in full force and effect and shall in no way be impaired. No      provision of this Agreement shall be waived unless set forth in writing      and signed by the party effecting such waiver. No waiver of the breach of      any of the terms or provisions of this Agreement shall be a waiver of any      preceding or succeeding breach of this Agreement or any other provisions      thereof. No waiver of any default, express or implied, made by any party      hereto shall be binding upon the party making such waiver in the event of      a subsequent default. |
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|  | j)  | Successors      and Assigns. Subject to the exceptions specifically set forth in this      Agreement, the terms and conditions of this Agreement shall inure to the      benefit of and be binding upon the respective executors, administrators,      heirs, successors and assigns of the Parties. This Agreement shall not be      assignable by either of the Parties without the written consent of the      other non-assigning Party. |
|--|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | k) | Titles      and Subtitles. The titles and subtitles of the Sections of this Agreement      are used for convenience only and shall not be considered in construing or      interpreting this agreement |
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|  | 1)  | Counterparts      and Facsimile. This Agreement may be executed in one or more counterparts      and transmitted by facsimile copy, each one of which shall constitute an      original and all of which shall constitute one and the same      document. |
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| CHINESEWORLDNET.COM      INC.                   |
|-------------------------------------------------|
|                                            |   |
| By:                                             | /s/      Joe Tai  |
|                                            | Joe      Tai, |
|                                            | Chief      Executive Officer |
|                                            |   |
|                                            |   |
| Shanghai      Compass Venture Capital Co., Ltd. |
|                                            |   |
| By:                                             | /s/      Zhijie Wang |
|                                            | Zhijie      Wang |
|                                            | Chairman |

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