EXHIBIT 4.17

DEBENTURES

| | THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED
STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY SECTION 3(b) OF THE SECURITIES ACT
OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE 1933
ACT), AND RULE 504 OF REGULATION D PROMULGATED THEREUNDER.
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| | THIS
INFORMATION IS DISTRIBUTED PURSUANT TO AN EXEMPTION FOR SMALL OFFERINGS UNDER THE RULES OF
THE COLORADO SECURITIES DIVISION. THE SECURITIES DIVISION HAS NEITHER REVIEWED OR APPROVED
ITS FORM OR CONTENT. THE SECURITIES DESCRIBED MAY ONLY BE PURCHASED BY ACCREDITED
INVESTORS AS DEFINED BY RULE 504 OF SEC REGULATION D AND THE RULES OF THE COLORADO
SECURITIES DIVISION.
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SPA-001

US $100,000

JACOBSON RESONANCE
ENTERPRISES, INC.

8% SERIES A SENIOR SUBORDINATED
CONVERTIBLE REDEEMABLE DEBENTURES

DATED JANUARY 8, 2004

_________________

DUE JANUARY 8, 2006

THIS
DEBENTURE of Jacobson Resonance Enterprises, Inc., a corporation duly organized and
existing under the laws of Nevada (Company), designated as its 8% Series A
Senior Subordinated Convertible Debentures Due January 8, 2006, in an aggregate principal
face amount of all Series A Debentures not exceeding One Million Dollars (U.S. $1,000,000
), which Debentures are being purchased at 87% of the face amount of such Debentures.

FOR
VALUE RECEIVED, the Company promises to pay to the registered holders hereof and their
authorized successors and permitted assigns as set forth on Schedule A hereto
(Holder), the aggregate principal face of One Hundred Thousand Dollars (U.S.
$100,000) on January 8, 2006 (Maturity Date), and to pay interest on the
principal sum outstanding, at the rate of 8% per annum commencing February 6, 2004, and
due in full at the Maturity Date pursuant to paragraph 4(b) herein. Interest will be paid
to the Holder in whose name this Debenture is registered on the records of the Company
regarding registration and transfers of the Debentures (Debenture Register);
provided, however, that the Companys obligation to a transferee of this Debenture
arises only if such transfer, sale or other disposition is made in accordance with the
terms and conditions of the Securities Subscription Agreement dated as of December 8,
2003, between the Company and the Holder (Subscription Agreement). The
principal of, and interest on, this Debenture are payable at the address set forth on
Schedule A initially, and if changed, last appearing on the Debenture Register of the
Company as designated in writing by the Holder hereof from time to time. The Company will
pay the outstanding principal due upon this Debenture before or on the Maturity Date, less
any amounts required by law to be deducted or withheld, to the Holder of this Debenture by
check if paid more than 10 days prior to the Maturity Date or by wire transfer and
addressed to such Holder at the last address appearing on the Debenture Register. The
forwarding of such check or wire transfer shall constitute a payment of outstanding
principal hereunder and shall satisfy and discharge the liability for principal on this
Debenture to the extent of the sum represented by such check or wire transfer. Interest
shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein.

This
Debenture is subject to the following additional provisions:

| | 1. | The
Debentures are issuable or assignable to a Holder in denominations of Five
          Thousand Dollars (US$5,000) and integral multiples thereof. The Debentures are
          exchangeable for an equal aggregate principal amount of Debentures of different
          authorized denominations, as requested by the Holders surrendering the same,
but           not less than U.S. $5,000. No service charge will be made for such
registration           or transfer or exchange, except that Holder shall pay any tax or
other           governmental charges payable in connection therewith.
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| | 2. | The
Company shall be entitled to withhold from all payments any amounts required           to
be withheld under the applicable laws.
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| | 3. | This
Debenture may be transferred or exchanged only in compliance with the
          Securities Act of 1933, as amended (Act) and applicable state
          securities laws. Prior to due presentment for transfer of this Debenture, the
          Company and any agent of the Company may treat the person in whose name this
          Debenture is duly registered on the Companys Debenture Register as the
          owner hereof for all other purposes, whether or not this Debenture be overdue,
          and neither the Company nor any such agent shall be affected or bound by notice
          to the contrary. Any Holder of this Debenture, electing to exercise the right
of           conversion set forth in Section 4(a) hereof, in addition to the requirements
set           forth in Section 4(a), and any prospective transferee of this Debenture,
are           also required to give the Company written confirmation that the Debenture
is           being converted (Notice of Conversion) in the form annexed
hereto as           Exhibit I. The date of receipt (including receipt by telecopy) of
such Notice of           Conversion shall be the Conversion Date.
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| | 4. | (a)  
The Holder of this Debenture is entitled, at its option, at any time
          immediately following execution of this Agreement and delivery of the Debenture
          hereof, to convert all or any amount over $1,000 of the principal face amount
of           this Debenture then outstanding into freely tradeable shares of common stock
of           the Company without restrictive legend of any nature (Common Stock),
          at a conversion price (Conversion Price) for each share of Common
          Stock equal to 70% of the lowest closing bid price of the Common Stock as
          reported on the NASD Over the Counter Bulletin Board or any other recognized
          exchange on which the Companys shares are traded (Exchange)
          for any trading day on which a Notice of Conversion is received by the Company,
          provided such Notice of Conversion is delivered by fax to the Company between
          the hours of 4 P.M. Eastern Standard or Daylight Savings Time and 7 P.M.
Eastern           Standard or Daylight Savings Time, or for any of the 3 consecutive
trading days           immediately preceding the date of receipt by the Company of each
Notice of           Conversion (Conversion Shares). If the number of
resultant           Conversion Shares would as a matter of law or pursuant to regulatory
authority           require the Company to seek shareholder approval of such issuance,
the Company           shall, as soon as practicable, take the necessary steps to seek
such approval.           Such conversion shall be effectuated, by the Company delivering
the Conversion           Shares to the Holder within 3 business days of receipt by the
Company of the           Notice of Conversion. Once the Holder has received such
Conversion Shares, the           Holder shall surrender the Debentures to be converted to
the Company, executed           by the Holder of this Debenture evidencing such Holders
intention to           convert this Debenture or a specified portion hereof, and
accompanied by proper           assignment hereof in blank. Accrued but unpaid interest
shall be subject to           conversion. No fractional shares or scrip representing
fractions of shares will           be issued on conversion, but the number of shares
issuable shall be rounded to           the nearest whole share.
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| |  | (b)  Interest
at the rate of 8% per annum shall be paid by issuing Common Stock of           the
Company. The Company shall issue to the Holder shares of Common Stock in an
          amount equal to the total monthly interest accrued and due divided by 70% of
the           Market Price (Interest Shares). Market Price shall mean the per
          share price of Common Stock based on the lowest closing bid price of the Common
          Stock as reported on the Exchange at the time calculations are made for
Interest           Shares. The dollar amount of interest payable pursuant to this
paragraph 4(b)           shall be calculated based upon the total amount of payments
actually made by the           Holder in connection with the purchase of the Debentures
at the time any           interest payment is due. If such payment is made by check,
interest shall accrue           beginning 10 days from the date the check is received by
the Company. If such           payment is made by wire transfer directly into the Companys
account,           interest shall accrue beginning on the date the wire transfer is
received by the           Company. Common Stock issued pursuant hereto shall be issued
pursuant to Rule           504 of Regulation D in accordance with the terms of the
Subscription Agreement.
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| |  | (c)  At
any time after 90 days the Company shall have the option to pay to the Holder
          130% of the principal amount of the Debenture, in full, to the extent
conversion           has not occurred pursuant to paragraph 4(a) herein, or pay upon
maturity if the           Debenture is not converted. The Company shall give the Holder 5
days written           notice and the Holder during such 5 days shall have the option to
convert the           Debenture or any part thereof into shares of Common Stock at the
Conversion           Price set forth in paragraph 4(a) of this Debenture.
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| |  | (d)  Upon
(i) a transfer of all or substantially all of the assets of the Company to           any
person in a single transaction or series of related transactions, or (ii) a
          consolidation, merger or amalgamation of the Company with or into another
person           or entity in which the Company is not the surviving entity (other than a
merger           which is effected solely to change the jurisdiction of incorporation of
the           Company and results in a reclassification, conversion or exchange of
outstanding           shares of Common Stock solely into shares of Common Stock) (each of
items (i)           and (ii) being referred to as a Sale Event), then, in
each case, the           Company shall, upon request of any Holder, redeem the Debentures
registered in           the name of such Holder in cash for 130% of the principal amount,
plus accrued           but unpaid interest through the date of redemption, or at the
election of the           Holder, such Holder may convert the unpaid principal amount of
this Debenture           (together with the amount of accrued but unpaid interest) into
shares of Common           Stock of the surviving entity at the Conversion Price.
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| |  | (e)  In
case of any reclassification, capital reorganization or other change or
          exchange of outstanding shares of the Common Stock, or in case of any
          consolidation or merger of the Company with or into another corporation (other
          than a consolidation or merger in which the Seller is the continuing
corporation           and which does not result in any reclassification, capital
reorganization or           other change of outstanding shares of Common Stock), the
Company shall cause           effective provision to be made so that the Holder of this
Debenture shall have           the right thereafter, by converting this Debenture, to
purchase or convert this           Debenture into the kind and number of shares of stock
or other securities or           property (including cash) receivable upon such
reclassification, capital           reorganization or other change, consolidation or
merger by a holder of the           number of shares of Common Stock that could have been
purchased upon exercise of           the Debentures and at the same Conversion Price, as
defined in the Debenture,           immediately prior to such reclassification, capital
reorganization or other           change, consolidation or merger. The foregoing
provisions shall similarly apply           to successive reclassifications, capital
reorganizations and other changes of           outstanding shares of Common Stock and to
successive consolidations or mergers.           If the consideration received by the
holders of Common Stock is other than cash,           the value shall be as determined by
the Board of Directors of the Company or           successor person or entity acting in
good faith.
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| | 5. | No
provision of this Debenture shall alter or impair the obligation of the
          Company, which is absolute and unconditional, to pay the principal of, and
          interest on, this Debenture at the time, place, and rate, and in the form,
          herein prescribed.
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| | 6. | The
Company hereby expressly waives demand and presentment for payment, notice           of
non-payment, protest, notice of protest, notice of dishonor, notice of
          acceleration or intent to accelerate, and diligence in taking any action to
          collect amounts called for hereunder and shall be directly and primarily liable
          for the payment of all sums owing and to be owing hereto.
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| | 7. | The
Company agrees to pay all costs and expenses, including reasonable           attorneys fees,
which may be incurred by the Holder in collecting any           amount due under this
Debenture.
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| | 8. | If
one or more of the following described Events of Default shall
          occur and continue for 30 days, unless a different time frame is noted below:
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| | (a) | The
Company shall default in the payment of principal or interest on this
          Debenture; or
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| | (b) | Any
of the representations or warranties made by the Company herein, in the
          Subscription Agreement, or in any certificate or financial or other written
          statements heretofore or hereafter furnished by or on behalf of the Company in
          connection with the execution and delivery of this Debenture or the
Subscription           Agreement shall be false or misleading in any material respect at
the time made           or the Company shall violate any covenants in the Subscription
Agreement           including but not limited to Section 5(b) or 10; or
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| | (c) | The
Company shall fail to perform or observe, in any material respect, any other
          covenant, term, provision, condition, agreement or obligation of the Company
          under this Debenture, and the Subscription Agreement and such failure shall
          continue uncured for a period of thirty (30) days after notice from the Holder
          of such failure; or
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| | (d) | The
Company shall (1) become insolvent; (2) admit in writing its inability to           pay
its debts generally as they mature; (3) make an assignment for the benefit           of
creditors or commence proceedings for its dissolution; (4) apply for or           consent
to the appointment of a trustee, liquidator or receiver for its or for a
          substantial part of its property or business; (5) file a petition for
bankruptcy           relief, consent to the filing of such petition or have filed against
it an           involuntary petition for bankruptcy relief, all under federal or state
laws as           applicable; or
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| | (e) | A
trustee, liquidator or receiver shall be appointed for the Company or for a
          substantial part of its property or business without its consent and shall not
          be discharged within thirty (30) days after such appointment; or
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| | (f) | Any
governmental agency or any court of competent jurisdiction at the instance           of
any governmental agency shall assume custody or control of the whole or any
          substantial portion of the properties or assets of the Company; or
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| | (g) | Any
money judgment, writ or warrant of attachment, or similar process, in excess           of
One Hundred Thousand ($100,000) Dollars in the aggregate shall be entered or
          filed against the Company or any of its properties or other assets and shall
          remain unpaid, unvacated, unbonded or unstayed for a period of fifteen (15)
days           or in any event later than five (5) days prior to the date of any proposed
sale           thereunder; or
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| | (h) | Bankruptcy,
reorganization, insolvency or liquidation proceedings, or other           proceedings for
relief under any bankruptcy law or any law for the relief of           debtors shall be
instituted voluntarily by or involuntarily against the Company;           or
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| | (i) | If
listed, the Company shall have its Common Stock delisted from the Exchange           or,
if the Common Stock trades on the Exchange, then trading in the Common Stock
          shall be suspended for more than 10 consecutive days; or
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| | (j) | The
Company shall not deliver to the Buyer the Common Stock pursuant to           paragraph 4
herein without restrictive legend within 5 business days.
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Then, or at any time thereafter,
unless cured, and in each and every such case, unless such Event of Default shall have
been waived in writing by the Holder (which waiver shall not be deemed to be a waiver of
any subsequent default) at the option of the Holder and in the Holders sole
discretion, the Holder may consider this Debenture immediately due and payable, without
presentment, demand, protest or (further) notice of any kind (other than notice of
acceleration), all of which are hereby expressly waived, anything herein or in any note or
other instruments contained to the contrary notwithstanding, and the Holder may
immediately, and without expiration of any period of grace, enforce any and all of the
Holders rights and remedies provided herein or any other rights or remedies afforded
by law.

| | 9. | This
Debenture represents a prioritized obligation of the Company. However, no
          recourse shall be had for the payment of the principal of, or the interest on,
          this Debenture, or for any claim based hereon, or otherwise in respect hereof,
          against any incorporator, shareholder, officer or director, as such, past,
          present or future, of the Company or any successor corporation, whether by
          virtue of any constitution, statute or rule of law, or by the enforcement of
any           assessment or penalty or otherwise, all such liability being, by the
acceptance           hereof and as part of the consideration for the issue hereof,
expressly waived           and released.
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| | 10. | In
case any provision of this Debenture is held by a court of competent
          jurisdiction to be excessive in scope or otherwise invalid or unenforceable,
          such provision shall be adjusted rather than voided, if possible, so that it is
          enforceable to the maximum extent possible, and the validity and enforceability
          of the remaining provisions of this Debenture will not in any way be affected
or           impaired thereby.
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| | 11. | This
Debenture and the agreements referred to in this Debenture constitute the           full
and entire understanding and agreement between the Company and the Holder           with
respect to the subject hereof. Neither this Debenture nor any term hereof           may
be amended, waived, discharged or terminated other than by a written           instrument
signed by the Company and the Holder.
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| | 12. | This
Debenture shall be governed by and construed in accordance with the laws of
          Colorado applicable to contracts made and wholly to be performed within the
          State of Colorado and shall be binding upon the successors and assigns of each
          party hereto. The Holder and the Company hereby mutually waive trial by jury
and           consent to exclusive jurisdiction and venue in the courts of the State of
          Colorado. At Holders election, any dispute between the parties may be
          arbitrated rather than litigated in the courts, before the American Arbitration
          Association in Denver and pursuant to its rules. Upon demand made by the Holder
          to the Company, the Company agrees to submit to and participate in such
          arbitration. This Agreement may be executed in counterparts, and the facsimile
          transmission of an executed counterpart to this Agreement shall be effective as
          an original.
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IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed by an officer
thereunto duly authorized as of the date set forth on the first page hereof.

JACOBSON RESONANCE ENTERPRISES, INC.

| | By : /s/ Harvey Grossman
 Harvey Grossman
 Title: President
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