UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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~~May 1131, ~~2006~~2007

	CLICKABLE ENTERPRISES, INC.
	(Exact Name of Registrant as Specified in Its Charter)
Delaware		0-23737	82-0290939
(State of OtherJurisdiction of Incorporation)		(CommissionFile Number)	(IRS EmployerIdentification Number)
711 South Columbus Avenue, Mt. Vernon, NY			10550
(Address of Principal Executive Offices)			(Zip Code)
	Registrant’s telephone number, including area code: (914) 699-5190
	N/A
	(Former name or former address, if changed since last report.)

CLICKABLE ENTERPRISES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	0-23737	82-0290939
(State of Other	(Commission	(IRS Employer
Jurisdiction of	File Number)	Identification
Incorporation)		Number)

711 South Columbus Avenue, Mt. Vernon, NY	10550
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (914) 699-5190

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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.

Item 2 3.0302. Unregistered Sales ~~Creation~~ of aEquity ~~Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant~~Securities.

On ~~July~~May 1131, ~~2006~~2007, Clickable ~~Oil.com~~Enterprises, aInc. ~~wholly-owned~~(the ~~subsidiary~~“Company”) ofentered ~~Clickable~~into ~~Enterprises,~~Securities ~~Inc.~~Purchase Agreement (the “~~Company~~Purchase Agreement”) for the sale of $800,000 ~~entered~~in ~~into~~its Callable Secured Convertible Notes (“Notes”) in a ~~Lease~~private ~~Agreement~~placement to AJW Partners, LLC, AJW Offshore, Ltd., AJW Qualified Partners, LLC and New Millennium Capital Partners II, LLC (collectively, the “~~Lease~~Investors”). ~~with~~In ~~Clock~~addition ~~Tower~~to ~~Larchmont~~the ~~Corp.~~Notes, the Company issued warrants (the “~~Landlord~~Warrants”) ~~effective~~exercisable asfor 10,000,000 shares of ~~August~~the 1,Company’s ~~2006~~common ~~under~~stock, ~~which Landlord~~par ~~will~~value ~~lease~~$.001 toper ~~Clickable~~share ~~Oil~~(the “Common Stock”).~~com~~ ~~approximately~~The ~~2,053~~Warrants ~~square~~are ~~feet~~exercisable for a period of seven years from ~~office~~the ~~space~~closing ~~located~~date at 2an ~~Madison~~exercise ~~Avenue~~price of $0.002, ~~Suite~~subject ~~207~~to certain adjustments, including, ~~Larchmont~~but not limited to, ~~New~~adjustments ~~York.~~for ~~The~~stock splits, stock dividends, ~~approximate~~mergers, ~~monthly~~consolidations and ~~annual~~distributions. ~~base~~Closing ~~rent~~ under the ~~Lease~~Purchase ~~will be as~~Agreement ~~follows:~~occurred on May 31, 2007.

Year	Monthly Rent	Yearly Rent
August 1, 2006 to July 31, 2007	$3,592.75	$43,113.00
August 1, 2007 to July 31, 2008	$3,763.83	$45,166.00
August 1, 2008 to July 31, 2009	$3,934.91	$47,219.00
August 1, 2009 to July 31, 2010	$4,106.00	$49,272.00
August 1, 2010 to July 31, 2011	$4,277.08	$51,325.00

The Notes are convertible into shares of Common Stock in whole or in part from time to time at the option of the Investors at the Conversion Price then in effect. The “Conversion Price” is equal to 40% of the average of the lowest three trading prices for the Common Stock during the previous twenty trading days ending one trading day prior to the date of a holder’s notice of conversion. The Conversion Price is subject to certain adjustments, including, but not limited to, adjustments for stock splits, stock dividends, mergers, consolidations and distributions.

The ~~Lease~~Notes ~~will~~bear ~~expire~~interest onat ~~July 31, 2011, unless (i) terminated by Landlord in~~ the ~~event~~ rate of ~~fire~~ or8% ~~casualty~~per ~~rendering~~annum, ~~the~~payable ~~leased premises unusable or in the event that Clickable Oil~~quarterly.~~com~~ ~~is named in bankruptcy proceedings or makes an assignment for the benefit of creditors~~If, ~~(ii) terminated due to default by Clickable Oil.com~~however, asin ~~described~~any ~~below~~month, ~~or (iii) terminated by~~ the ~~taking~~trading price of the ~~leased~~Common ~~premises~~Stock ~~by public~~is ~~use~~$.028125 ~~Under~~or ~~the~~more ~~Lease,~~for ~~default includes, among other things, (i) the~~each ~~failure~~trading today ~~pay~~of the ~~monthly rent by Clickable Oil.com within 10 days after written notice of default~~month, ~~(ii)~~no ~~the~~interest ~~breach~~will bybe ~~Clickable~~payable ~~Oil.com~~for ~~of any other term of the Lease and the failure to cure~~ such ~~default~~month. ~~within 30 days after~~The ~~written~~principal ~~notice~~amount of the ~~default~~Notes and ~~(iii)~~all ~~damage~~accrued tointerest, ~~the~~if ~~leased~~not ~~premises~~previously ~~due to~~paid ~~negligence~~ or ~~carelessness~~converted, ofwill ~~Clickable~~be ~~Oil.com~~due and ~~the~~payable ~~failure~~on toMay ~~cure~~31, ~~such default within 30 days after written notice of the default~~2010.

~~Clickable~~In ~~Oil.com~~the event isthat ~~obligated~~the toaverage ~~indemnify~~daily ~~Landlord~~price ~~and~~of ~~its~~the ~~agents~~Common ~~and~~Stock, ~~employees~~ for ~~any and~~ ~~all~~each ~~loss,~~day ~~cost~~of ~~liability,~~a ~~claim~~month, is ~~damage~~below ~~and expense~~$.03, ~~including~~the ~~reasonable attorney’s~~Company ~~fees~~may, ~~penalties~~at ~~and~~its ~~fines incurred in connection with or arising from any injury~~option, ~~damage~~prepay ora ~~loss~~portion toof ~~persons or property on~~ the ~~leased premises arising~~ ~~from~~outstanding ~~any~~principal ~~negligent~~amount orof ~~otherwise~~the ~~wrongful~~Notes ~~act~~equal orto ~~omission~~101% of ~~Clickable~~the ~~Oil.com~~principal amount ~~or any~~ of ~~its subtenants or licensees or its or their employees~~Notes, ~~agents~~divided ~~or contractors,~~by ~~except~~thirty-six ~~if the cause of injury~~(36), ~~damage~~plus orone ~~loss is caused by Landlord~~month’s ~~negligence~~interest. ~~With~~In the ~~exception of claims arising from negligence or~~event ~~wrongful~~the ~~acts~~Company byexercises ~~Clickable~~this ~~Oil.com~~option, ~~and~~the ~~claims~~Investors ~~typically~~may ~~covered~~not byconvert ~~casualty~~additional ~~insurance,~~principal ~~Landlord~~amounts ~~is obligated to indemnify Clickable Oil.com~~ for ~~all~~thirty ~~claims, demands,~~(30) ~~liabilities~~days ~~and~~following ~~expenses, including reasonable attorney fees arising from~~ the ~~negligence~~date ~~or wrongful act~~ of ~~Landlord, its agents, employees or~~ ~~contractors or from any breach of the Lease by Landlord~~prepayment. ~~Liability for any breach of the Lease by Landlord is capped at $250,000.~~

~~Under~~The Company has granted the Investors a security interest in substantially all ~~Lease,~~of its ~~Clickable~~assets ~~Oil.com~~to issecure ~~required,~~its atobligations ~~its~~under ~~own~~the ~~expense,~~Notes. toThe ~~maintain~~Company ~~insurance~~is obligated ~~coverage~~to ~~providing~~file ~~for,~~a ~~among~~registration ~~other~~statement ~~items,~~registering ~~comprehensive~~the ~~general~~resale ~~liability on~~ of the ~~leased~~shares ~~premises~~issuable upon ~~with~~conversion ~~Landlord~~of asthe anNotes ~~insured~~upon indemand by the ~~minimum~~Investors. ~~amount~~The ofregistration ~~$2,000,000~~statement ~~for~~is ~~personal~~required ~~injury~~to ~~and~~be ~~$1,000,000~~filed ~~against~~within ~~loss~~thirty ~~for~~(30) ~~property~~days ~~damage~~following demand inby the ~~any~~Investors ~~one~~and ~~occurrence~~to become effective within ninety (90) days after filing.

~~Clickable~~The ~~Oil.com~~offer and ~~must~~sale ~~pay~~of ~~$17~~the Notes and the Warrants,~~108~~ and the Common Stock into which the Notes may be converted and for which the Warrants may be exercised (collectively, the “Securities”) by the Company to the Investors pursuant to the Purchase Agreement was exempt from registration under the Securities Act in reliance upon Section 4(2) thereof and Rule 506 of Regulation D promulgated thereunder.32 Each of the Investors represented and warranted to the Company that it was an “accredited investor” as that term is defined in Rule 501(a) ~~security~~of Regulation ~~deposit~~D. Each of the Investors further represented and warranted that it was purchasing the Securities for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the ~~Lease~~Securities Act. Any certificates issued representing the Notes or Warrants will be legended to indicate that they are restricted. No sale of the Securities involved the use of underwriters.

Prior to entering into the Lease, no material relationship existed between the Company and its affiliates and Landlord.

Prior to entering into the Lease, Clickable Oil.com has rented office space on a month-to-month basis at 711 South Columbus Avenue, Mt. Vernon, New York. During its month-to-month tenancy, Clickable Oil.com has been subject to the provisions of a lease agreement with Town Holding which expired on May 15, 2005. Clickable Oil.com will terminate its month-to-month tenancy with Town Holding as of August 31, 2006.

The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the Lease, which is attached hereto as Exhibit 10.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
10		Lease Agreement between Clickable Oil.com and Clock Tower Larchmont Corp for the premises located at 2 Madison Avenue, Suite 207, Larchmont, New York.

Forward-Looking Statements

This Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the safe harbors created thereby. These forward-looking statements are based on current expectations and projections about future events and financial trends. The words and phrases “will,” “may,” “expects,” and similar words or expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. The forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among other things, the Company’s compliance with the terms of the Lease and performance of its obligations under the Lease. The Company undertakes no obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

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.

	CLICKABLE ENTERPRISES, INC.
Dated: July 11, 2006	By:	/s/ Nicholas Cirillo, Jr.
Dated: June 5, 2007	By:	/s/ Nicolas Cirillo Jr.
		Nicholas Cirillo, Jr.
		President

EXHIBIT INDEX

Exhibit Number		Description
10		Lease Agreement between Clickable Oil.com and Clock Tower Larchmont Corp for the premises located at 2 Madison Avenue, Suite 207, Larchmont, New York.

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