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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>UNITED
      STATES</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: 14pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      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>
    <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>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):&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>August
      3, 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>
    <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">(Exact
      name of registrant as specified in its charter) </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">COMMISSION
      FILE NUMBER</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>:&#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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    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            </td>
            <td valign="middle" width="36%" style="border-bottom: #ffffff thin solid;">
              <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>
            </td>
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            <td valign="middle" width="36%">
              <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">(State
                or other jurisdiction of incorporation or organization)</font></div>
            </td>
            <td valign="middle" width="36%">
              <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">(I.R.S.
                Employer Identification No.)</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            <td valign="middle" width="72%">
              <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>1800
                Wyatt Drive, Suite No. 2</strong></font></div>
            </td>
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          <tr>
            <td valign="middle" width="72%" style="border-bottom: #ffffff thin solid;">
              <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>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="72%">
              <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">(Address
                and zip code of principal executive
                offices)</font></div>
            </td>
          </tr>

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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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            <td align="left" valign="middle" width="82%">
              <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">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:</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: 27pt; 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: 27pt; 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: 27pt; 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: 27pt; 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>
            </td>
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    </div>
    <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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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</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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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="page_2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                1.01</strong></font></a></div>
            </td>
            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NanoSensors,
                Inc. (the &#8220;Registrant&#8221;) has entered into employment agreements with each
                of Ted L. Wong, its Chief Executive Officer and President and Joshua
                Moser, its new Vice President and Chief Operating Officer.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Employment
                Agreement with Ted L. Wong</em></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Registrant and Ted L. Wong, our Chief Executive Officer, President
                and
                Chairman have entered into an employment agreement dated as of August
                3,
                2006 pursuant to which:</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                Mr. Wong will continue to serve as our Chief Executive Officer, President
                and Chairman for an employment period of 36 months from the effective
                date
                of the employment agreement. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                Mr. Wong will </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">receive
                an annual base salary of $144,000 under the employment agreement
                and was
                granted a signing bonus of $40,000, of which $20,000 was previously
                paid.
                In addition, Mr. Wong will be entitled to a performance bonus of
                up to a
                maximum of $50,000 in the event he achieves certain milestones defined
                in
                the employment agreement. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
                connection with his entering into the employment agreement, Mr. Wong
                was
                awarded two grants of options, both of which are subject to the approval
                of the Registrant&#8217;s stockholders of an equity compensation plan to
                be&#160;presented to them at the Registrant&#8217;s next stockholders meeting.
                The initial grant consisted of options to purchase 5,000,000 shares
                of
                common stock, all of which shall vest on the six month anniversary
                of the
                effective date of the employment agreement. The second grant consists
                of
                options to purchase 13,000,000 shares of common stock, which shall
                vest in
                equally monthly installments commencing on the six month anniversary
                date
                of the employment agreement. Both options shall be exercisable for
                a
                period of ten years at a per share exercise price equal to the closing
                price of the Registrant&#8217;s common stock on the effective date of the
                employment agreement. Further, all of the options granted to Mr.
                Wong will
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">become
                immediately vested and exercisable in accordance with, and subject
                to, the
                terms and conditions of such plan, in the event of a change of control
                of
                the Registrant or if Mr. Wong is terminated without cause.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                Mr.&#160;Wong&#8217;s employment is terminated by us without &#8220;cause&#8221; (as defined
                in the employment agreement), he would be entitled to a severance
                payment
                of his base salary, at the rate then in effect, for a period of six
                months.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                Mr. Wong&#8217;s employment is terminated by us for &#8220;cause&#8221;, he (a)&#160;would
                not be entitled to any further compensation or benefits and (b) would
                not
                be entitled to any additional rights or vesting with respect to the
                stock
                options following the date of termination.</font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -0.3pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 3.95pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -4.7pt">&#160;</font></div>
              <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: 8pt; FONT-FAMILY: Times New Roman">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -0.3pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 3.95pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -4.7pt">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.&#160;Wong
                is subject to customary confidentiality obligations, non-solicitation
                and
                non-competition that survive the termination of the employment
                agreement.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Employment
                Agreement with Joshua Moser</em></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Registrant and Joshua Moser, our new Vice President and Chief Operating
                Officer, have entered into an employment agreement dated as of August
                3,
                2006 pursuant to which:</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                Mr. Moser will serve as our Vice President and Chief Operating Officer
                for&#160;an employment period of 36 months from the effective date of the
                employment agreement. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                Mr. Moser will </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">receive
                an annual base salary of $120,000 under the employment
                agreement</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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                connection with his entering into the employment agreement, Mr. Moser
                was
                awarded two grants of options, both of which are subject to the approval
                of the Registrant&#8217;s stockholders of an equity compensation plan to be
                presented to them at the Registrant&#8217;s next stockholders meeting. The
                initial grant consisted of options to purchase 4,000,000 shares of
                common
                stock, all of which shall vest on the six month anniversary of the
                effective date of the employment agreement. The second grant consists
                of
                options to purchase 10,200,000 shares of common stock, which shall
                vest in
                equally monthly installments commencing on the six month anniversary
                date
                of the employment agreement. Both options shall be exercisable for
                a
                period of ten years at a per share exercise price equal to the closing
                price of the Registrant&#8217;s common stock on the effective date of the
                employment agreement. Further, all of the options granted to Mr.
                Moser
                will </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">become
                immediately vested and exercisable in accordance with, and subject
                to, the
                terms and conditions of such plan, in the event of a change of control
                of
                the Registrant or if Mr. Moser is terminated without cause.
                </font></div>
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    <div>&#160;</div>
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          <tr>
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            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                Mr.&#160;Moser&#8217;s employment is terminated by us without &#8220;cause&#8221; (as
                defined in the employment agreement), he would be entitled to a severance
                payment of his base salary, at the rate then in effect, for a period
                of
                six months.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                Mr. Moser&#8217;s employment is terminated by us for &#8220;cause&#8221;, he (a)&#160;would
                not be entitled to any further compensation or benefits, and (b)
                would not
                be entitled to any additional rights or vesting with respect to the
                stock
                options following the date of termination.</font></div>
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                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.&#160;Moser
                is subject to customary confidentiality obligations, non-solicitation
                and
                non-competition that survive the termination of the employment agreement.
                </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -4.7pt">&#160;</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                above summaries are qualified in their entirety by reference to the
                actual
                employment agreements entered into between the Registrant and Messrs.
                Wong
                and Moser, respectively,&#160;copies of which agreements are attached
                hereto as Exhibits&#160;10.1 and 10.2, respectively, to this Current
                Report and which are incorporated by reference in this Item&#160;1.01 in
                its entirety.</font></div>&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">
              <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="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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>Unregistered
                Sales of Equity Securities.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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">The
                information required to be disclosed in this Item 3.02 concerning
                the
                grant of stock options to Messrs. Wong and Moser is incorporated
                herein by
                reference from Item 1.01 of this Current Report.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="7%">
              <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&#160;5.02</strong></font></div>
            </td>
            <td align="justify" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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"><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="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                August 3, 2006, the Registrant appointed Mr. Joshua Moser as its
                Vice
                President and Chief Operating Officer. Mr. Moser is currently the
                Corporate Secretary of the Registrant. The information required to
                be
                disclosed in this Item 5.02 concerning the employment agreement between
                the Registrant and Mr. Moser is incorporated herein by reference
                from Item
                1.01 of this Current Report. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
                Moser has been providing consulting services to the Registrant since
                November 2005. Pursuant to that consulting arrangement, the Registrant
                has
                paid Mr. Moser consulting fees at the rate of $6,500 per month from
                November 2005 through May 2006 and thereafter at the rate of $10,000
                per
                month. Prior to working with NanoSensors, Inc., from September 1999
                to
                October 2000, Mr. Moser was the Director of Business Development
                at GCN,
                Inc., an online market research company. From October 2000 to September
                2002, Mr. Moser was a research analyst at Tufan, Inc., where he analyzed
                and managed investments in privately-held software, semiconductor
                and
                technology service companies. From September 2002 through February
                2005,
                Mr. Moser was employed as a Vice President with Sherwood Partners,
                Inc., a
                business and financial advisory consulting firm that assists commercial
                lending institutions and venture capital firms in managing and structuring
                corporate turnarounds. Thereafter and before joining the Registrant
                Mr.
                Moser has been providing management consulting services, including
                serving
                as Interim Chief Financial Officer at Chuckwalla, Inc., a privately-held
                software company. Mr. Moser is 35 years of age and graduated from
                Denison
                University in 1994 with a B.A. in History. </font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">
              <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
                5.03</strong></font></div>
            </td>
            <td align="justify" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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"><strong>Amendments
                to Articles of Incorporation or Bylaws; Change in Fiscal
                Year</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                August 3, 2006, the Board approved an amendment to Article&#160;I,
                Section&#160;1.9 of the Registrant&#8217;s Bylaws in order to eliminate a
                provision permitting stockholders to vote for the election of directors
                on
                a cumulative basis. As modified, this Section now provides that the
                Registrant&#8217;s directors shall be elected by a plurality and no cumulative
                voting shall be permitted. A copy of the amended Bylaws is filed
                as
                Exhibit&#160;3.01 to this Current Report and is incorporated herein by
                reference. </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="middle" width="7%">
              <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="justify" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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"><strong>Other
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            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 11.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                August 8, 2006, the Registrant announced that it had entered into
                employment agreements with Dr. Wong and Mr. Moser and that it appointed
                Mr. Moser as its Vice President and Chief Operating Officer. A copy
                of the
                press release is attached to this Report on Form 8-K as Exhibit
                99.1.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">
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                9.01</strong></font></div>
            </td>
            <td align="left" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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>Financial
                Statements and Exhibits.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="left" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">
              <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>(c)</strong></font></div>
            </td>
            <td align="justify" valign="middle" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; 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">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="7%">&#160;</td>
            <td align="justify" valign="middle" width="77%">&#160;</td>
          </tr>
          <tr>
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            <td align="left" valign="middle" width="77%">
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                following exhibits are filed or furnished herewith:</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="80%">

          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                No.</font></div>
            </td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%" style="border-bottom: black thin solid;">
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                of Document</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">&#160;</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="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.1</font></div>
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            <td align="justify" valign="top" width="64%">
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                Bylaws.</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
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            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">
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            </td>
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            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">&#160;</td>
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          <tr>
            <td align="justify" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2</font></div>
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            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">
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            </td>
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          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">&#160;</td>
          </tr>
          <tr>
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            <td align="justify" valign="top" width="64%">
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            </td>
          </tr>

      </table>
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      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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            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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                INC.</strong></font></div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Ted
              L.
              Wong </font></td>
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                Ted L. Wong</font></div>
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                &#160;&#160;Chief Executive Officer and President</font></div>
            </td>
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                August&#160;&#160;9, 2006</font>&#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">&#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>Exhibit
      Index</strong></font></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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                No.</font></div>
            </td>
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            <td align="justify" valign="top" width="64%" style="border-bottom: black thin solid;">
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                of Document</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.1</font></div>
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            <td align="justify" valign="top" width="64%">
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                Bylaws</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
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          <tr>
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                Agreement between the Registrant and Ted L. Wong </font></div>
            </td>
          </tr>
          <tr>
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            <td align="justify" valign="top" width="2%">&#160;</td>
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            </td>
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                Agreement between the Registrant and Joshua Moser</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="64%">&#160;</td>
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            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release dated August 8, 2006</font></div>
            </td>
          </tr>

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{"company-data": {"conformed-name": "NANOSENSORS INC", "cik": "0001286648", "assigned-sic": "3829", "irs-number": "000000000", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51007", "film-number": "061018928"}, "business-address": {"street1": "1800 WYATT DR", "street2": "SUITE 2", "city": "SANTA CLARA", "state": "CA", "zip": "95054", "phone": "408-855-0051"}}
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):
August
      3, 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 No. 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))
1
Item
                1.01
Entry
                into a Material Definitive Agreement.
NanoSensors,
                Inc. (the "Registrant") has entered into employment agreements with each
                of Ted L. Wong, its Chief Executive Officer and President and Joshua
                Moser, its new Vice President and Chief Operating Officer.
Employment
                Agreement with Ted L. Wong
The
                Registrant and Ted L. Wong, our Chief Executive Officer, President
                and
                Chairman have entered into an employment agreement dated as of August
                3,
                2006 pursuant to which:
·
Mr. Wong will continue to serve as our Chief Executive Officer, President
                and Chairman for an employment period of 36 months from the effective
                date
                of the employment agreement.
·
Mr. Wong will
receive
                an annual base salary of $144,000 under the employment agreement
                and was
                granted a signing bonus of $40,000, of which $20,000 was previously
                paid.
                In addition, Mr. Wong will be entitled to a performance bonus of
                up to a
                maximum of $50,000 in the event he achieves certain milestones defined
                in
                the employment agreement.
·
In
                connection with his entering into the employment agreement, Mr. Wong
                was
                awarded two grants of options, both of which are subject to the approval
                of the Registrant's stockholders of an equity compensation plan to
                be presented to them at the Registrant's next stockholders meeting.
                The initial grant consisted of options to purchase 5,000,000 shares
                of
                common stock, all of which shall vest on the six month anniversary
                of the
                effective date of the employment agreement. The second grant consists
                of
                options to purchase 13,000,000 shares of common stock, which shall
                vest in
                equally monthly installments commencing on the six month anniversary
                date
                of the employment agreement. Both options shall be exercisable for
                a
                period of ten years at a per share exercise price equal to the closing
                price of the Registrant's common stock on the effective date of the
                employment agreement. Further, all of the options granted to Mr.
                Wong will
become
                immediately vested and exercisable in accordance with, and subject
                to, the
                terms and conditions of such plan, in the event of a change of control
                of
                the Registrant or if Mr. Wong is terminated without cause.
·
If
                Mr. Wong's employment is terminated by us without "cause" (as defined
                in the employment agreement), he would be entitled to a severance
                payment
                of his base salary, at the rate then in effect, for a period of six
                months.
If
                Mr. Wong's employment is terminated by us for "cause", he (a) would
                not be entitled to any further compensation or benefits and (b) would
                not
                be entitled to any additional rights or vesting with respect to the
                stock
                options following the date of termination.
·
Mr. Wong
                is subject to customary confidentiality obligations, non-solicitation
                and
                non-competition that survive the termination of the employment
                agreement.
Employment
                Agreement with Joshua Moser
The
                Registrant and Joshua Moser, our new Vice President and Chief Operating
                Officer, have entered into an employment agreement dated as of August
                3,
                2006 pursuant to which:
·
Mr. Moser will serve as our Vice President and Chief Operating Officer
                for an employment period of 36 months from the effective date of the
                employment agreement.
·
Mr. Moser will
receive
                an annual base salary of $120,000 under the employment
                agreement
.
·
In
                connection with his entering into the employment agreement, Mr. Moser
                was
                awarded two grants of options, both of which are subject to the approval
                of the Registrant's stockholders of an equity compensation plan to be
                presented to them at the Registrant's next stockholders meeting. The
                initial grant consisted of options to purchase 4,000,000 shares of
                common
                stock, all of which shall vest on the six month anniversary of the
                effective date of the employment agreement. The second grant consists
                of
                options to purchase 10,200,000 shares of common stock, which shall
                vest in
                equally monthly installments commencing on the six month anniversary
                date
                of the employment agreement. Both options shall be exercisable for
                a
                period of ten years at a per share exercise price equal to the closing
                price of the Registrant's common stock on the effective date of the
                employment agreement. Further, all of the options granted to Mr.
                Moser
                will
become
                immediately vested and exercisable in accordance with, and subject
                to, the
                terms and conditions of such plan, in the event of a change of control
                of
                the Registrant or if Mr. Moser is terminated without cause.
2
·
If
                Mr. Moser's employment is terminated by us without "cause" (as
                defined in the employment agreement), he would be entitled to a severance
                payment of his base salary, at the rate then in effect, for a period
                of
                six months.
If
                Mr. Moser's employment is terminated by us for "cause", he (a) would
                not be entitled to any further compensation or benefits, and (b)
                would not
                be entitled to any additional rights or vesting with respect to the
                stock
                options following the date of termination.
·
Mr. Moser
                is subject to customary confidentiality obligations, non-solicitation
                and
                non-competition that survive the termination of the employment agreement.
The
                above summaries are qualified in their entirety by reference to the
                actual
                employment agreements entered into between the Registrant and Messrs.
                Wong
                and Moser, respectively, copies of which agreements are attached
                hereto as Exhibits 10.1 and 10.2, respectively, to this Current
                Report and which are incorporated by reference in this Item 1.01 in
                its entirety.
Item
                3.02
Unregistered
                Sales of Equity Securities.
The
                information required to be disclosed in this Item 3.02 concerning
                the
                grant of stock options to Messrs. Wong and Moser is incorporated
                herein by
                reference from Item 1.01 of this Current Report.
Item 5.02
Departure
                of Directors or Principal Officers; Election of Directors; Appointment
                of
                Principal Officers.
On
                August 3, 2006, the Registrant appointed Mr. Joshua Moser as its
                Vice
                President and Chief Operating Officer. Mr. Moser is currently the
                Corporate Secretary of the Registrant. The information required to
                be
                disclosed in this Item 5.02 concerning the employment agreement between
                the Registrant and Mr. Moser is incorporated herein by reference
                from Item
                1.01 of this Current Report.
Mr.
                Moser has been providing consulting services to the Registrant since
                November 2005. Pursuant to that consulting arrangement, the Registrant
                has
                paid Mr. Moser consulting fees at the rate of $6,500 per month from
                November 2005 through May 2006 and thereafter at the rate of $10,000
                per
                month. Prior to working with NanoSensors, Inc., from September 1999
                to
                October 2000, Mr. Moser was the Director of Business Development
                at GCN,
                Inc., an online market research company. From October 2000 to September
                2002, Mr. Moser was a research analyst at Tufan, Inc., where he analyzed
                and managed investments in privately-held software, semiconductor
                and
                technology service companies. From September 2002 through February
                2005,
                Mr. Moser was employed as a Vice President with Sherwood Partners,
                Inc., a
                business and financial advisory consulting firm that assists commercial
                lending institutions and venture capital firms in managing and structuring
                corporate turnarounds. Thereafter and before joining the Registrant
                Mr.
                Moser has been providing management consulting services, including
                serving
                as Interim Chief Financial Officer at Chuckwalla, Inc., a privately-held
                software company. Mr. Moser is 35 years of age and graduated from
                Denison
                University in 1994 with a B.A. in History.
Item
                5.03
Amendments
                to Articles of Incorporation or Bylaws; Change in Fiscal
                Year
.
On
                August 3, 2006, the Board approved an amendment to Article I,
                Section 1.9 of the Registrant's Bylaws in order to eliminate a
                provision permitting stockholders to vote for the election of directors
                on
                a cumulative basis. As modified, this Section now provides that the
                Registrant's directors shall be elected by a plurality and no cumulative
                voting shall be permitted. A copy of the amended Bylaws is filed
                as
                Exhibit 3.01 to this Current Report and is incorporated herein by
                reference.
3
Item
                8.01
Other
                Events.
On
                August 8, 2006, the Registrant announced that it had entered into
                employment agreements with Dr. Wong and Mr. Moser and that it appointed
                Mr. Moser as its Vice President and Chief Operating Officer. A copy
                of the
                press release is attached to this Report on Form 8-K as Exhibit
                99.1.
Item
                9.01
Financial
                Statements and Exhibits.
(c)
Exhibits.
The
                following exhibits are filed or furnished herewith:
Exhibit
                No.
Description
                of Document
3.1
Amended
                Bylaws.
10.1
Employment
                Agreement between the Registrant and Ted L. Wong
10.2
Employment
                Agreement between the Registrant and Joshua Moser
99.1
Press
                Release dated August 8, 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 and President
Date:  
                August  9, 2006
Exhibit
      Index
Exhibit
                No.
Description
                of Document
3.1
Amended
                Bylaws
10.1
Employment
                Agreement between the Registrant and Ted L. Wong
10.2
Employment
                Agreement between the Registrant and Joshua Moser
99.1
Press
                Release dated August 8, 2006
4