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:~~Report ~~April~~(Date ~~16,~~of earliest event reported): June 1, 2007

CONVERGENCE ETHANOL, INC.

(~~Name~~Exact name of ~~small~~registrant ~~business issuer~~ as specified in its charter)

NEVADA	~~0-4846-3~~	820-~~0288840~~4846-3	82-0288840
(State or jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or other jurisdiction of incorporation)		(Commission File Number)	(I.R.S. Employer Identification No.)

5701 Lindero Canyon Rd., #2-100 Westlake Village, California			91362
(Address of principal executive offices)			(Zip Code)

Issuer’s telephone number, including area code: (818) 735-4750

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 82.0104 ~~Other~~Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

On ~~April 16~~October 27, ~~2007~~2006, Convergence Ethanol, Inc. (the “~~Corporation~~Company”) ~~held~~entered ~~its~~into ~~2007 Annual~~a ~~Meeting~~Securities ofPurchase ~~Stockholders~~Agreement at(the ~~7:30~~“Purchase ~~am,~~Agreement”) ~~pursuant~~with toGCA anStrategic Investment ~~order~~Fund ofLimited ~~the~~(“GCA”) ~~First~~and ~~Judicial~~executed a Convertible Note dated October ~~District~~27, ~~Court~~2006, ofin ~~the~~favor ~~State~~ of ~~Nevada~~GCA in ~~and~~the ~~for~~amount ~~Carson~~of ~~City~~$3,530,000.00 ~~Insufficient~~(the “Note”), as ~~shares~~reported ~~were~~in ~~present~~the inCompany’s ~~person~~Current orReport ~~represented~~on byForm ~~proxy~~8-K atfiled ~~the~~on ~~meeting~~November to17, 2006. ~~constitute~~Pursuant ato ~~quorum~~the ~~for~~Purchase Agreement, the ~~transaction~~Company ofwas ~~business.~~required ~~After~~to afile ~~presentation by~~a ~~the Company’s~~registration ~~management,~~statement atcovering ~~8:10~~the ~~am,~~resale ~~pursuant~~of to the ~~by-laws~~securities of (the ~~Corporation,~~“Registrable Securities”) issuable in connection with the ~~stockholders~~Purchase ~~present~~Agreement inno ~~person~~later orthan December ~~represented~~26, by2006, ~~proxy~~and ~~adjourned~~to obtain effectiveness of the registration statement ~~meeting~~no later than January 25, 2007.

As of March 13, 2007, the Company had neither filed nor obtained effectiveness of a registration statement covering the Registrable Securities. As a result, on March 13, 2007, GCA delivered a notice (the “Notice”) to the Company stating that the Company (i) had breached the registration covenants contained in the Purchase Agreement, (ii) had accrued liquidated damages of no less than $145,906.61, and (iii) was accruing additional liquidated damages of $2,353.33 per day after March 13, 2007, as reported in the Company’s Current Report on Form 8-K filed on March 19, 2007. The Notice demanded payment of liquidated damages of $145,906.61 and stated that if the Company failed to pay the liquidated damages in accordance with the terms of the Purchase Agreement and the Notice, GCA would issue to the Company a notice of default.

As of June 1, 2007, the Company still had not filed or obtained effectiveness of a registration statement covering the Registrable Securities nor had it paid the liquidated damages demanded in the Notice. On June 1, the Company received a default and demand notice (the “June Notice”) from GCA. The June Notice demands payment of (i) the outstanding principal amount owed under the Note of $3,530,000.00, (ii) accrued and unpaid liquidated damages of $334,173.01, (iii) additional liquidated damages of $2,353.33 per day after June 1, 2007, (iv) accrued and unpaid default interest of $225,920.00 pursuant to the Note, and (v) additional default interest of $1,765.00 per day after June 1, 2007. The June Notice also states that legal proceedings will be instituted against the Company without further notice seeking a judgment against the Company for all outstanding indebtedness and all court costs and that GCA intends to hold the Company liable for reasonable attorneys’ fees, as provided in the Purchase Agreement, unless the Company pays the total amount demanded within ten (10) days of the Company’s receipt of the June Notice.

[SIGNATURE PAGE FOLLOWS]

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 23, 2007	Convergence Ethanol, Inc.
Date: June 7, 2007	Convergence Ethanol, Inc.
By:		/s/ ~~James~~Richard AW. ~~Latty~~York
		James A. Latty Chief Executive Officer
		Richard W. York Chief Financial Officer

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