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<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)<BR>
of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (Date of earliest event reported):
February 15, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MEDIANET GROUP TECHNOLOGIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of registrant as specified in
its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">0-49801</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">13-4067623</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">(State or other jurisdiction of <BR> incorporation)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(IRS Employer<BR> Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>5200 Town Center Circle, Suite 601</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Boca Raton,
FL 33486<BR>
</B>(Address and zip code of principal executive offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B> (561) 417-1500</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD NOWRAP STYLE="width: 3%; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="width: 0%">&nbsp;</TD>
    <TD STYLE="text-indent: 10.3pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 10.3pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 10.3pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240-14a-12)</TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 10.3pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 10.3pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 10.3pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 10.3pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><FONT STYLE="color: black">On February
15, 2012, Alessandro Annoscia submitted his notice of resignation</FONT> from his position as Chief Operating Officer (&ldquo;COO&rdquo;)
which will be effective on May 31, 2012.&nbsp;&nbsp;Mr. Annoscia has advised the Company that his resignation was not the result
of any disagreement between the Company and him on any matter relating to the Company&rsquo;s operations, policies or practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">Charles Arizmendi, MediaNet&rsquo;s Executive
Vice President of Enterprise Business Unit will serve as the Company&rsquo;s interim COO until a permanent replacement is named.
Mr. Arizmendi, age 44, served as Director of Partner Strategy for Microsoft Latin America from September 2007 to 2008 and from
September 2008 to 2009 he was the Senior Director of Microsoft Central and Eastern Europe Small Business and Partners Unit. He
served as the Vice President and COO for Bitdefender, LLC from September 2010 to October 2011 before joining MediaNet in December
2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">In connection with his appointment as Executive
Vice President of Enterprise Business Unit, Mr. Arizmendi entered into an employment agreement (the &ldquo;Employment Agreement&rdquo;)
with the Company, which has an initial term of four years, with successive one-year renewals, and provides for a base salary of
$144,000. In addition, MediaNet may pay additional salary from time to time, and award bonuses in cash, stock or stock options
or other property and services.&nbsp;&nbsp;Pursuant to a Non-Qualified Stock Option Agreement (the &ldquo;Option Agreement&rdquo;),
Mr. Arizmendi will receive options to purchase a minimum of five million common shares of the Company. 312,500 of the option shares
will vest on March 31, 2012 and the remaining 4,687,500 shares will vest equally at the rate of 312,500 shares per quarter at the
end of each subsequent quarter thereafter for so long as his agreement remains in effect.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">Mr. Arizmendi will be entitled to six months&rsquo;
severance pay, plus any accrued base and incentive pay, in the event that he is terminated without cause.&nbsp;&nbsp;Mr. Arizmendi
will be restricted from competing with the Company during the course of his employment and for a period of two years after his
employment has been terminated.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><FONT STYLE="color: black">The foregoing
description of the Employment Agreement and the Option Agreement does not purport to be complete and is qualified in its entirety
by reference to the Employment Agreement and Option Agreement attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively, which
are incorporated herein by reference</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01&#9;Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline">Number</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 1.4pt; width: 91%">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 1.4pt">Employment Agreement, dated effective as of November 30, 2011, between MediaNet Group Technologies, Inc. and Charles Arizmendi.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 1.4pt">Non-Qualified Stock Option Agreement dated as of November 30, 2011, between MediaNet Group Technologies, Inc. and Charles Arizmendi.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7.8pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.55pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD COLSPAN="2">MediaNet Group Technologies, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:&nbsp; February 15, 2012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ <I>Michael Hansen</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Michael Hansen</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "MEDIANET GROUP TECHNOLOGIES INC", "cik": "0001097792", "assigned-sic": "7389", "irs-number": "134067623", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-49801", "film-number": "12625759"}, "business-address": {"street1": "5200 TOWN CENTER CIRCLE", "street2": "SUITE 601", "city": "BOCA RATON", "state": "FL", "zip": "33486", "phone": "561-362-7704"}, "mail-address": {"street1": "5200 TOWN CENTER CIRCLE", "street2": "SUITE 601", "city": "BOCA RATON", "state": "FL", "zip": "33486"}, "former-company": {"former-conformed-name": "CLAMSHELL ENTERPRISES INC", "date-changed": "19991026"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 15, 2012
MEDIANET GROUP TECHNOLOGIES, INC.
(Exact name of registrant as specified in
its charter)
Nevada
0-49801
13-4067623
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
5200 Town Center Circle, Suite 601
Boca Raton,
FL 33486
(Address and zip code of principal executive offices)
Registrant's telephone number, including
area code:
(561) 417-1500
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240-14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers
On February
15, 2012, Alessandro Annoscia submitted his notice of resignation
from his position as Chief Operating Officer ("COO")
which will be effective on May 31, 2012.  Mr. Annoscia has advised the Company that his resignation was not the result
of any disagreement between the Company and him on any matter relating to the Company's operations, policies or practices.
Charles Arizmendi, MediaNet's Executive
Vice President of Enterprise Business Unit will serve as the Company's interim COO until a permanent replacement is named.
Mr. Arizmendi, age 44, served as Director of Partner Strategy for Microsoft Latin America from September 2007 to 2008 and from
September 2008 to 2009 he was the Senior Director of Microsoft Central and Eastern Europe Small Business and Partners Unit. He
served as the Vice President and COO for Bitdefender, LLC from September 2010 to October 2011 before joining MediaNet in December
2011.
In connection with his appointment as Executive
Vice President of Enterprise Business Unit, Mr. Arizmendi entered into an employment agreement (the "Employment Agreement")
with the Company, which has an initial term of four years, with successive one-year renewals, and provides for a base salary of
$144,000. In addition, MediaNet may pay additional salary from time to time, and award bonuses in cash, stock or stock options
or other property and services.  Pursuant to a Non-Qualified Stock Option Agreement (the "Option Agreement"),
Mr. Arizmendi will receive options to purchase a minimum of five million common shares of the Company. 312,500 of the option shares
will vest on March 31, 2012 and the remaining 4,687,500 shares will vest equally at the rate of 312,500 shares per quarter at the
end of each subsequent quarter thereafter for so long as his agreement remains in effect.
Mr. Arizmendi will be entitled to six months'
severance pay, plus any accrued base and incentive pay, in the event that he is terminated without cause.  Mr. Arizmendi
will be restricted from competing with the Company during the course of his employment and for a period of two years after his
employment has been terminated.
The foregoing
description of the Employment Agreement and the Option Agreement does not purport to be complete and is qualified in its entirety
by reference to the Employment Agreement and Option Agreement attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively, which
are incorporated herein by reference
.
Item 9.01	Financial Statements and Exhibits
Exhibits
Number
Description
10.1
Employment Agreement, dated effective as of November 30, 2011, between MediaNet Group Technologies, Inc. and Charles Arizmendi.
10.2
Non-Qualified Stock Option Agreement dated as of November 30, 2011, between MediaNet Group Technologies, Inc. and Charles Arizmendi.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MediaNet Group Technologies, Inc.
(Registrant)
Date:  February 15, 2012
By:
/s/
Michael Hansen
Michael Hansen
Chief Executive Officer