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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
      D.C. 20549</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PURSUANT
      TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DATE
      OF
      REPORT (DATE OF EARLIEST EVENT REPORTED): </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>July
      7, 2006</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong><u>NANOSENSORS,
      INC.</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font></div>
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      name of registrant as specified in its charter) </font></div>
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      FILE NUMBER</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>:&#160;&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>000-51007</u></strong></font></div>
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            </td>
            <td valign="middle" width="36%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>20-0452700</u></strong></font></div>
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          <tr>
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                or other jurisdiction of incorporation or organization)</font></div>
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            <td valign="middle" width="36%">
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                Employer Identification No.)</font></div>
            </td>
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          <tr>
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                Wyatt Drive, Suite #2</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Santa
                Clara, CA 95054</u></strong></font></div>
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                and zip code of principal executive
                offices)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>(408)
      855-0051</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
      telephone number, including area code</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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                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:</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 25pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings"><strong>&#168;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                Written communications pursuant to Rule 425 under the Securities
                Act (17
                CFR 230.425)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 25pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings"><strong>&#168;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                Soliciting material pursuant to Rule 14a-12 under the Exchange Act
                (17 CFR
                240.14a-12)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 25pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings"><strong>&#168;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                Pre-commencement communications pursuant to Rule 14d-2(b) under the
                Exchange Act (17 CFR 240.14d-2(b))</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 25pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings"><strong>&#168;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                Pre-commencement communications pursuant to Rule 13e-4(c) under the
                Exchange Act (17 CFR 240.13e-4(c))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><a name="page_2"/>&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                1.01</strong></font></div>
            </td>
            <td align="left" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
                into a Material Definitive Agreement. </strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="left" colspan="4" valign="middle" width="76%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 17.95pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
                as of July 7, 2006, NanoSensors, Inc. adopted a compensation plan
                for
                non-executive members of its board of directors. Under the terms
                of this
                arrangement, each non-executive member of our board of directors
                shall be
                paid an annual retainer of $18,000, payable in equal quarterly
                installments of $4,500; provided, however, that for the initial quarter
                in
                which a non-executive director commences service on the board, such
                director shall receive a prorated fee for such quarter based on the
                date
                such service commences, as follows: (a) if service commences during
                the
                first month of such fiscal quarter the fee for such quarter shall
                be
                $4,500; (b) if service commences during the second month of such
                fiscal
                quarter, the fee for such quarter shall be $3,000; and if service
                commences during the third month of such fiscal quarter, the fee
                for such
                quarter shall be $1,500. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 17.95pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 17.95pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject
                to the approval of our stockholders, effective on July 7, 2006, each
                non-executive director shall be awarded, on the date such person
                commences
                service as a director, an option to purchase 2,000,000 shares of
                our
                common stock, exercisable for a period of ten years at a price per
                share
                equal to the closing price of our common stock on the date of grant
                and
                which options shall vest as follows: 50% on the first anniversary
                of the
                date that the individual commences service as a member of the board
                with
                the remaining 50% vesting on the second anniversary of such date.
                </font></div>
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            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                3.02</strong></font></div>
            </td>
            <td align="justify" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 17.95pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
                Sales of Equity Securities.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">&#160;</td>
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          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 17.95pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
                have issued warrants to purchase an aggregate of 5,000,000 shares
                of our
                common stock to consultants pursuant to consulting agreements recently
                entered into with such persons. Each consultant was granted a warrant
                to
                purchase 1,000,000 shares of our common stock, vesting in equal monthly
                installments over a period of 24 months. The warrants are exercisable
                for
                a period of five years at a price per share equal to the closing
                price of
                our common stock on the date of grant. The issuance of these securities
                was exempt from registration under the Securities Act of 1933, as
                amended,
                under Section 4(2) and the securities were issued without any form
                of
                general solicitation or general advertising.</font></div>
            </td>
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            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                5.02 (d) </strong></font></div>
            </td>
            <td align="left" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Departure
                of Directors or Principal Officers; Election of Directors; Appointment
                of
                Principal Officers.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="left" colspan="4" valign="middle" width="76%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
                July 10, 2006, our Board of Directors appointed Robert Baron as a
                director
                of NanoSensors, Inc.&#160; Mr. Baron presently serves as a member of the
                board of directors of two publicly-traded companies, Hemobiotech,
                Inc. and
                Exegenics, Inc.&#160; Hemobiotech is a development stage biotechnology
                company and Exegenics, which formerly operated as a biotechnology
                company,
                is currently seeking to redeploy its assets and actively pursue a
                new
                business.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #ff0000; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">From
                1998 to August 2004, he served as President of Cash City Inc., a
                payday
                advance and check cashing business. Previously, Mr. Baron served
                as
                President of East Coast Operations of CSS/TSC, a subsidiary of Tultex,
                Inc., a New York Stock Exchange listed company engaged in the
                manufacturing of activewear products, such as t-shirts and as Chairman
                of
                T-Shirt City Inc., a company engaged in the distribution of activewear
                products. Mr. Baron received his B.S. degree from Ohio State University.
                Mr. Baron is 66 years of age. Mr. Baron was a limited partner in
                Meyers
                Associates, LP from February 2002 until July 2006. Meyers Associates,
                LP
                served as a selling agent in our recently announced private placement.
                On
                July 13, 2006, we issued a press release announcing the election
                of Mr.
                Baron to our Board of Directors. A copy of the press release is filed
                herewith as Exhibit&#160;99.2 and is incorporated by reference
                herein.</font></div>
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            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="left" colspan="4" valign="middle" width="76%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                8.01</strong></font></div>
            </td>
            <td align="left" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Other
                Events.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="left" colspan="4" valign="middle" width="76%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="9%">&#160;</td>
            <td align="justify" colspan="4" valign="middle" width="76%">
              <div style="DISPLAY: block; MARGIN-LEFT: 15pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.6pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
                have established a Technical Advisory Board that consists of five
                experts
                in the nanotechnology industry. We formed the advisory board to assist
                us
                in identifying patented or patent-pending technologies at universities
                and
                government laboratories. Each of the advisory board members also
                entered
                into separate two-year consulting agreements with us pursuant to
                which we
                will pay each of these individuals a monthly retainer of $1,500 and
                grant
                them warrants to purchase 1,000,000 shares of our common stock on
                the
                terms described in Item 3.02 of this Current Report on Form 8-K,
                above. On
                July 12, 2006, we issued a press release announcing the formation
                of our
                Technical Advisory Board. A copy of the press release is filed herewith
                as
                Exhibit&#160;99.1 and is incorporated by reference
                herein.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 40pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
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                INC.</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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            </td>
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                /s/ Ted L. Wong</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
            </td>
          </tr>
          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                July 13, 2006</font></div>
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{"company-data": {"conformed-name": "NANOSENSORS INC", "cik": "0001286648", "assigned-sic": "3829", "irs-number": "000000000"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51007", "film-number": "06960833"}, "business-address": {"street1": "1800 WYATT DR", "street2": "SUITE 2", "city": "SANTA CLARA", "state": "CA", "zip": "95054", "phone": "408-855-0051"}}
Unassociated Document
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):
July
      7, 2006
NANOSENSORS,
      INC.
(Exact
      name of registrant as specified in its charter)
COMMISSION
      FILE NUMBER
:
000-51007
NEVADA
20-0452700
(State
                or other jurisdiction of incorporation or organization)
(I.R.S.
                Employer Identification No.)
1800
                Wyatt Drive, Suite #2
Santa
                Clara, CA 95054
(Address
                and zip code of principal executive
                offices)
(408)
      855-0051
(Registrant's
      telephone number, including area code
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:
¨
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
                1.01
Entry
                into a Material Definitive Agreement.
Effective
                as of July 7, 2006, NanoSensors, Inc. adopted a compensation plan
                for
                non-executive members of its board of directors. Under the terms
                of this
                arrangement, each non-executive member of our board of directors
                shall be
                paid an annual retainer of $18,000, payable in equal quarterly
                installments of $4,500; provided, however, that for the initial quarter
                in
                which a non-executive director commences service on the board, such
                director shall receive a prorated fee for such quarter based on the
                date
                such service commences, as follows: (a) if service commences during
                the
                first month of such fiscal quarter the fee for such quarter shall
                be
                $4,500; (b) if service commences during the second month of such
                fiscal
                quarter, the fee for such quarter shall be $3,000; and if service
                commences during the third month of such fiscal quarter, the fee
                for such
                quarter shall be $1,500.
Subject
                to the approval of our stockholders, effective on July 7, 2006, each
                non-executive director shall be awarded, on the date such person
                commences
                service as a director, an option to purchase 2,000,000 shares of
                our
                common stock, exercisable for a period of ten years at a price per
                share
                equal to the closing price of our common stock on the date of grant
                and
                which options shall vest as follows: 50% on the first anniversary
                of the
                date that the individual commences service as a member of the board
                with
                the remaining 50% vesting on the second anniversary of such date.
Item
                3.02
Unregistered
                Sales of Equity Securities.
We
                have issued warrants to purchase an aggregate of 5,000,000 shares
                of our
                common stock to consultants pursuant to consulting agreements recently
                entered into with such persons. Each consultant was granted a warrant
                to
                purchase 1,000,000 shares of our common stock, vesting in equal monthly
                installments over a period of 24 months. The warrants are exercisable
                for
                a period of five years at a price per share equal to the closing
                price of
                our common stock on the date of grant. The issuance of these securities
                was exempt from registration under the Securities Act of 1933, as
                amended,
                under Section 4(2) and the securities were issued without any form
                of
                general solicitation or general advertising.
Item
                5.02 (d)
Departure
                of Directors or Principal Officers; Election of Directors; Appointment
                of
                Principal Officers.
Effective
                July 10, 2006, our Board of Directors appointed Robert Baron as a
                director
                of NanoSensors, Inc.  Mr. Baron presently serves as a member of the
                board of directors of two publicly-traded companies, Hemobiotech,
                Inc. and
                Exegenics, Inc.  Hemobiotech is a development stage biotechnology
                company and Exegenics, which formerly operated as a biotechnology
                company,
                is currently seeking to redeploy its assets and actively pursue a
                new
                business.
From
                1998 to August 2004, he served as President of Cash City Inc., a
                payday
                advance and check cashing business. Previously, Mr. Baron served
                as
                President of East Coast Operations of CSS/TSC, a subsidiary of Tultex,
                Inc., a New York Stock Exchange listed company engaged in the
                manufacturing of activewear products, such as t-shirts and as Chairman
                of
                T-Shirt City Inc., a company engaged in the distribution of activewear
                products. Mr. Baron received his B.S. degree from Ohio State University.
                Mr. Baron is 66 years of age. Mr. Baron was a limited partner in
                Meyers
                Associates, LP from February 2002 until July 2006. Meyers Associates,
                LP
                served as a selling agent in our recently announced private placement.
                On
                July 13, 2006, we issued a press release announcing the election
                of Mr.
                Baron to our Board of Directors. A copy of the press release is filed
                herewith as Exhibit 99.2 and is incorporated by reference
                herein.
Item
                8.01
Other
                Events.
We
                have established a Technical Advisory Board that consists of five
                experts
                in the nanotechnology industry. We formed the advisory board to assist
                us
                in identifying patented or patent-pending technologies at universities
                and
                government laboratories. Each of the advisory board members also
                entered
                into separate two-year consulting agreements with us pursuant to
                which we
                will pay each of these individuals a monthly retainer of $1,500 and
                grant
                them warrants to purchase 1,000,000 shares of our common stock on
                the
                terms described in Item 3.02 of this Current Report on Form 8-K,
                above. On
                July 12, 2006, we issued a press release announcing the formation
                of our
                Technical Advisory Board. A copy of the press release is filed herewith
                as
                Exhibit 99.1 and is incorporated by reference
                herein.
2
Item
                9.01
Financial
                Statements and Exhibits.
(c)
Exhibits.
The
                following exhibits are filed or furnished herewith:
Exhibit
                  No.
Description
                  of Document
99.1
Press
                  Release dated July 12, 2006.
99.2
Press
                  Release dated July 13, 2006
SIGNATURE
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.
NANOSENSORS,
                INC.
By:
                /s/ Ted L. Wong
Name:
                Ted L. Wong
Title:
                  Chief Executive Officer
Date:
                July 13, 2006
3