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: February 19, 2008
MOMENTUM BIOFUELS, INC.
(Formerly Tonga Capital Corporation)
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(Exact name of registrant as specified in its charter)
Colorado 000-50619 84-1069035
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(State or other jurisdiction of (Commission File (IRS Employer Identification
incorporation) Number) Number)
2600 S. Shore Blvd, Suite 100, League City, TX 77573
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(Address of Principal Executive Offices) (Zip Code)
(281) 334-5161
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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))
SECTION 8 - OTHER EVENTS
ITEM 8.01 OTHER EVENTS.
Payment of Promissory Note
On January 11, 2008, Momentum Biofuels, Inc. ("the Company") made final payment
on the outstanding $400,000 promissory note held by Ultimate Investment Corp
("Ultimate"). The promissory note had an issue date of June 30, 2006 and had
been accruing interest at a rate of 12% per annum, at the default rate. The
final payment was $319,792, cash, including accrued interest of $3,901.
The promissory note had an original due date of September 29, 2006. In April
2007, the Company entered into a Forebearance Agreement with Ultimate, which
extended the due date to December 31, 2007. Ultimate agreed to extend the due
date to January 15, 2008.
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.
MOMENTUM BIOFUELS, INC.
By:/s/ Gregory A. Enders
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Gregory A. Enders, President and
Chief Executive Officer
Date: February 21, 2008