EXHIBIT 10.52
INDEMNIFICATION AGREEMENT
WHEREAS, SHENZHEN
BAK BATTERY
CO., LTD., a publicly held company
organized in China, established in 2001, located in Shenzhen, China (herein
referred to as "BAK Battery"), and Heritage Management Consultants, Inc., a
South Carolina corporation ("Heritage"), along with James H. Groh ("Groh")
acting on behalf of Heritage, (herein
referred to jointly as "Consultant"), are
presently engaged in a contract in which
Heritage and Groh
provide consulting
services to BAK Battery; and
WHEREAS, Heritage
and Groh have
expressed their desire to continue
providing consulting services to BAK Battery if BAK
Battery agrees to
provide
the indemnification contained in this
Agreement.
NOW, THEREFORE, in
consideration of the above premises and ten dollars
and other good and valuable consideration, the receipt of which is hereby
acknowledged, BAK Battery hereby agrees to
indemnify and save harmless both Groh
and Heritage as well as Heritage's officers, employees, and agents from all
suits, actions, losses, damag
