EXHIBIT 10.15



                            INDEMNIFICATION AGREEMENT

     AGREEMENT,  effective as of July 10, 2001,  between Aura  Systems,  Inc., a
Delaware corporation (the "Company"), and Harry Haisfield (the "Indemnitee").

     WHEREAS,  it is essential to the Company to retain and attract as directors
and officers the most capable persons available;

     WHEREAS, Indemnitee has agreed to become a director of the Company;

     WHEREAS,  both the Company and Indemnitee  recognize the risk of litigation
and other claims asserted against directors of public companies;

     WHEREAS, in recognition of Indemnitee's  desire for substantial  protection
against  personal  liability  in order to  enhance  Indemnitee's  service to the
Company, and to provide Indemnitee with specific contractual  assurance that the
indemnification  protection provided by the By-Laws of the Company or authorized
by the  Delaware  General  Corporation  Law  will  be  available  to  Indemnitee
(regardless  of,  among other  things,  any  amendment to or  revocation  of the
Company's  Certificate  of  Incorporation  and  By-Laws  or  any  change  in the
composition  of the  Company's  Board of  Directors),  and in  order  to  induce
Indemnitee to provide services to the Company as a director thereof, the Company
wishes to provide in this Agreement for the indemnification of and the advancing
of  expenses to  Indemnitee  to the full extent  (whether  partial or  complete)
permitted by law and as set forth in this  Agreement,  and, if and to the extent
insurance is maintained, for the coverage of Indemnitee under any directors' and
officers' liability insurance policies maintained by the Company; and

     WHEREAS,  this Agreement has been authorized by the duly adopted resolution
of the Board of Directors of the Company;

     NOW,  THEREFORE,  in  consideration  of the foregoing,  and intending to be
legally bound hereby, the parties hereto agree as follows:

1.       Certain Definitions:

     (a) Claim: any threatened, pending or completed action, suit, proceeding or
     alternate  dispute  resolution  mechanism,  or  any  inquiry,   hearing  or
     investigation,  whether  conducted by the Company or any other party,  that
     Indemnitee in good faith believes might lead to the institution of any such
     action, suit, proceeding or alternate dispute resolution mechanism, whether
     civil, criminal, administrative, investigative or other.

     (b) Expenses: include attorneys' fees and all other costs, travel expenses,
     fees of experts,  transcript costs,  filing fees,  witness fees,  telephone
     charges,  postage,  delivery service fees,  expenses and obligations of any
     nature  whatsoever  paid or  incurred  in  connection  with  investigating,
     defending, being a witness in or participating in (including on appeal), or
     preparing to defend,  be a witness in or participate in, any Claim relating
     to  any  Indemnifiable   Event.  (c)  Indemnifiable  Event:  any  event  or
     occurrence  related  to the  fact  that  Indemnitee  is or was a  director,
     officer,  employee, agent or fiduciary of the Company, or is or was serving
     at the request of the Company as a director,  officer,  employee,  trustee,
     agent or  fiduciary of another  corporation,  partnership,  joint  venture,
     employee benefit plan, trust or other enterprise,  or by reason of anything
     done or not done by Indemnitee in any such capacity.

     (d) Reviewing Party: any appropriate  person or body appointed by the Board
     of Directors and consisting of a member or members of the Company's  Board,
     or any other  person or body  appointed  by the Board who is not a party to
     the particular Claim for which Indemnitee is seeking indemnification.

2.       Basic Indemnification Arrangement

     (a) In the event  Indemnitee  was,  is or  becomes a party to or witness or
     other  participant in, or is threatened to be made a party to or witness or
     other  participant  in, a Claim by reason of (or arising in part out of) an
     Indemnifiable  Event, the Company shall indemnify Indemnitee to the fullest
     extent  permitted  by the  laws  of  Delaware,  as the  same  exist  or may
     hereafter be amended (but, in the case of any amendment, only to the extent
     that such amendment permits the Company to provide broader  indemnification
     rights  than  such law  permitted  the  Company  to  provide  prior to such
     amendment),  as soon as practicable  but in any event not later than thirty
     days after written demand is presented to the Company,  against any and all
     Expenses,  judgments,  fines,  penalties  and  amounts  paid in  settlement
     (including all interest,  assessments  and other charges paid or payable in
     connection with or in respect of such Expenses, judgments, fines, penalties
     or amounts paid in settlement) of such Claim and any federal,  state, local
     or foreign  taxes  imposed on the  Indemnitee  as a result of the actual or
     deemed  receipt of any payments  under this  Agreement.  If so requested by
     Indemnitee,  the Company  shall  advance  (within two business days of such
     request)  any  and all  Expenses  to  Indemnitee  (an  "Expense  Advance").
     Notwithstanding  anything in this  Agreement  to the contrary and except as
     provided in Section 3, Indemnitee shall not be entitled to  indemnification
     pursuant  to this  Agreement  in  connection  with any Claim  initiated  by
     Indemnitee  against the  Company or any  director or officer of the Company
     unless the Company has joined in or  consented  to the  initiation  of such
     Claim.   Notwithstanding  anything  in  this  Agreement  to  the  contrary,
     Indemnitee  shall  not be  entitled  to  indemnification  pursuant  to this
     Agreement on account of any suit in which a final judicial determination is
     rendered  against  Indemnitee  for an  accounting  of profits made from the
     purchase and sale by Indemnitee  of  securities of the Company  pursuant to
     the provisions of Section 16(b) of the Securities  Exchange Act of 1934, as
     amended.

     (b) Notwithstanding the foregoing, (i) the obligations of the Company under
     Section 2(a) shall be subject to the  condition  that the  Reviewing  Party
     shall not have  determined  that  Indemnitee  would not be  permitted to be
     indemnified under applicable law, and (ii) the obligation of the Company to
     make an Expense  Advance  pursuant to Section  2(a) shall be subject to the
     condition  that,  if,  when  and to the  extent  that the  Reviewing  Party
     determines  that  Indemnitee  would not be permitted  to be so  indemnified
     under  applicable  law, the Company  shall be entitled to be  reimbursed by
     Indemnitee  (who  hereby  agrees to  reimburse  the  Company)  for all such
     amounts  theretofore  paid;  provided,  however,  that  if  Indemnitee  has
     commenced legal proceedings in a court of competent  jurisdiction to secure
     a determination that Indemnitee should be indemnified under applicable law,
     any determination  made by the Reviewing Party that Indemnitee would not be
     permitted to be indemnified  under  applicable law shall not be binding and
     Indemnitee  shall not be required to reimburse  the Company for any Expense
     Advance until a final judicial  determination  is made with respect thereto
     (as to which all rights of appeal therefrom have been exhausted or lapsed).
     Indemnitee's obligation to reimburse the Company for Expense Advances shall
     be unsecured and no interest shall be charged thereon. If there has been no
     determination  by the Reviewing Party or if the Reviewing Party  determines
     that Indemnitee  substantively  would not be permitted to be indemnified in
     whole or in part under  applicable law,  Indemnitee shall have the right to
     commence litigation in the Court of Chancery of the State of Delaware or in
     any court in the County of Los  Angeles,  California,  having  jurisdiction
     over  the  dispute,  seeking  an  initial  determination  by the  court  or
     challenging  any such  determination  by the Reviewing  Party or any aspect
     thereof,  or the legal or factual  bases  therefor  and the Company  hereby
     consents  to service of process and to appear in any such  proceeding.  Any
     determination  by the Reviewing  Party  otherwise  shall be conclusive  and
     binding on the Company and Indemnitee.

     (c) In the event the Company shall be obligated under Section 2(a) above to
     pay the expenses of any  proceeding  against  Indemnitee,  the Company,  if
     appropriate,  shall be entitled  to assume the defense of such  proceeding,
     with counsel  approved by  Indemnitee,  upon the delivery to  Indemnitee of
     written  notice of the Company's  election to do so. After delivery of such
     notice,  approval of such counsel by  Indemnitee  and the retention of such
     counsel by the Company,  the Company will not be liable to Indemnitee under
     this Agreement for any fees of counsel subsequently  incurred by Indemnitee
     with respect to the same  proceeding;  provided that (i)  Indemnitee  shall
     have the right to employ his counsel in any such proceeding at Indemnitee's
     expense;  and (ii) if (A) the  employment of counsel by Indemnitee has been
     previously authorized by the Company, or (B) the Reviewing Party shall have
     reasonably  concluded that there may be a conflict of interest  between the
     Company  and  Indemnitee  in the  conduct  of any such  defense  or (C) the
     Company shall not, in fact, have employed  counsel to assume the defense of
     such proceeding,  then the fees and expenses of Indemnitee's  counsel shall
     be at the  expense  of the  Company.  The  Company  shall  not be liable to
     indemnify   Indemnitee  under  this  Agreement  for  any  amounts  paid  in
     settlement of any Claim  effected  without its prior written  consent.  The
     Company may, without the consent of Indemnitee,  settle any Claim for which
     it is  obligated  to  provide  indemnity  under  Section  2(a)  above,  and
     Indemnitee  shall take all actions  required to cooperate in effecting such
     settlement;  provided, however, that the Company shall not settle any Claim
     in any manner which would impose any penalty or  limitation  on  Indemnitee
     without  Indemnitee's  written consent.  Neither the Company nor Indemnitee
     will unreasonably withhold their consent to any proposed settlement.

3.       Indemnification for Additional Expenses

     The  Company  shall  indemnify  Indemnitee  against  any and  all  expenses
     (including attorneys' fees) and, if requested by Indemnitee,  shall (within
     two business  days of such request)  advance such  expenses to  Indemnitee,
     which are incurred by  Indemnitee  in  connection  with any claim  asserted
     against or in  connection  with any action  brought by  Indemnitee  for (i)
     indemnification  or advance  payment of Expenses by the Company  under this
     Agreement or any other agreement or Certificate of Incorporation or By-Laws
     of  the  Company  now  or  hereafter  in  effect  relating  to  Claims  for
     Indemnifiable   Events  and/or  (ii)  recovery  under  any  directors'  and
     officers'   liability   insurance  policies   maintained  by  the  Company,
     regardless of whether Indemnitee ultimately is determined to be entitled to
     such indemnification, advance expense payment or insurance recovery, as the
     case  may be;  provided,  however,  that  the  Company  shall  not have any
     obligation  to  indemnify  Indemnitee  for  any  expenses  incurred  by the
     Indemnitee  with respect to any  proceeding  instituted  by  Indemnitee  to
     enforce or  interpret  this  Agreement  or to enforce  any  obligations  to
     indemnification or to advance payment of expenses hereunder,  if a court of
     competent jurisdiction determines that each of the material assertions made
     by the  Indemnitee  in such  proceedings  was not made in good faith or was
     frivolous.

4.       Partial Indemnity, Burden of Proof

     (a) If  Indemnitee  is entitled  under any  provision of this  Agreement to
     indemnification  by the  Company  for some or a  portion  of the  Expenses,
     judgments,  fines,  penalties and amounts paid in settlement of a Claim but
     not,  however,  for all of the total  amount  thereof,  the  Company  shall
     nevertheless   indemnify  Indemnitee  for  the  portion  thereof  to  which
     Indemnitee is entitled.  Moreover,  notwithstanding  any other provision of
     this  Agreement,  to the extent that  Indemnitee has been successful on the
     merits or otherwise in defense of any or all Claims relating in whole or in
     part to an  Indemnifiable  Event  or in  defense  of any  issue  or  matter
     therein,  including  dismissal  without  prejudice,   Indemnitee  shall  be
     indemnified against all Expenses incurred in connection therewith.

     (b) For purposes of this Agreement, in connection with any determination by
     the Reviewing Party or otherwise as to whether Indemnitee is entitled to be
     indemnified  hereunder  the  burden  of proof  shall be on the  Company  to
     establish  by clear  and  convincing  evidence  that  Indemnitee  is not so
     entitled,  and if the Company does not carry such burden of proof with such
     evidence Indemnitee shall be deemed to be so entitled.

5.       No Presumption

     For purposes of this Agreement,  the termination of any claim, action, suit
     or  proceeding,  by judgment,  order,  settlement  (whether with or without
     court approval) or conviction,  or upon a plea of nolo  contendere,  or its
     equivalent, shall not create a presumption that Indemnitee did not meet any
     particular  standard  of  conduct or have any  particular  belief or that a
     court has determined  that  indemnification  is not permitted by applicable
     law.

6.       Non-exclusivity, Etc.

     The rights of Indemnitee hereunder shall be in addition to any other rights
     Indemnitee may have under the  Certificate of  Incorporation  or By-Laws of
     the Company or the Delaware  General  Corporation Law or otherwise.  To the
     extent that a change in the Delaware  General  Corporation  Law (whether by
     statute or judicial decision) permits greater  indemnification by agreement
     than would be afforded currently under the Certificate of Incorporation and
     By-Laws of the Company and this Agreement,  it is the intent of the parties
     hereto that Indemnitee  shall enjoy by this Agreement the greater  benefits
     so afforded by such change.

7.       No Construction as Employment Agreement

     Nothing  contained herein shall be construed as giving Indemnitee any right
     to be retained in the employ of the Company or any of its subsidiaries.

8.       Liability Insurance

     If and to the extent the Company  maintains an insurance policy or policies
     providing directors' and officers' liability insurance, Indemnitee shall be
     covered by such policy or policies,  in accordance with its or their terms,
     to the maximum extent of the coverage  provided to any Company  director or
     officer.

9.       Amendments, Etc.

     No supplement, modification or amendment of this Agreement shall be binding
     unless executed in writing by both the parties hereto.  No waiver of any of
     the  provisions  of this  Agreement  shall be deemed or shall  constitute a
     waiver of any other  provisions  hereof  (whether or not similar) nor shall
     such waiver constitute a continuing waiver.

10.      Subrogation

     In the  event  of  payment  under  this  Agreement,  the  Company  shall be
     subrogated  to the extent of such  payment to all of the rights of recovery
     of  Indemnitee,  who  shall  execute  all  papers  required  and  shall  do
     everything  that may be  necessary  to secure such  rights,  including  the
     executing of such documents  necessary to enable the Company effectively to
     bring suit to enforce such rights.

11.      No Duplication of Payments

     The Company shall not be liable under this Agreement to make any payment in
     connection with any claim made against  Indemnitee to the extent Indemnitee
     has  otherwise  actually  received  payment  (under any  insurance  policy,
     Certificate of Incorporation or By-Laws of the Company or otherwise) of the
     amounts otherwise indemnifiable hereunder.

12.      Binding Effect, Etc.

     This  Agreement  shall be binding  upon and inure to the  benefit of and be
     enforceable  by the  parties  hereto and their  respective  successors  and
     assigns,  including any direct or indirect  successor by purchase,  merger,
     consolidation  or  otherwise  to all or  substantially  all of the business
     and/or  assets  of  the  Company,   and  shall  inure  to  the  benefit  of
     Indemnitee's  spouse,  heirs,  and personal and legal  representatives  and
     assigns.  The Company shall require and cause any successor (whether direct
     or indirect by purchase,  merger,  consolidation  or  otherwise)  to all or
     substantially all of the business and/or assets of the Company,  by written
     agreement  expressly to assume and agree to perform  this  Agreement in the
     same manner and to the same  extent  that the Company  would be required to
     perform  if no such  succession  had  taken  place.  This  Agreement  shall
     continue in effect regardless of whether Indemnitee continues to serve as a
     director of the Company.

13.      Severability

     The provisions of this  Agreement  shall be severable in the event that any
     of the provisions  hereof (including any provision within a single section,
     paragraph or sentence) are held by a court of competent  jurisdiction to be
     invalid,  void or otherwise  unenforceable,  and the  remaining  provisions
     shall  remain   enforceable  to  the  fullest  extent   permitted  by  law.
     Furthermore,  to the  fullest  extent  possible,  the  provisions  of  this
     Agreement  (including,  without limitation,  each portion of this Agreement
     containing   any   provision   held  to  be  invalid,   void  or  otherwise
     unenforceable,  that is not itself invalid, void or unenforceable) shall be
     construed so as to give effect to the intent  manifested  by the  provision
     held invalid, illegal or unenforceable.

14.      Governing Law

     This  Agreement  shall  be  governed  by  and  construed  and  enforced  in
     accordance  with the laws of the State of Delaware  applicable to contracts
     made  and to be  performed  in such  state  without  giving  effect  to the
     principles of conflicts of laws.

15.      Mutual Acknowledgement

     The Company and  Indemnitee  acknowledge  that the  Securities and Exchange
     Commission has taken the position that  indemnification  is not permissible
     for liabilities arising under certain federal securities laws under certain
     circumstances,   and  federal  legislation  prohibits  indemnification  for
     certain ERISA violations.  Indemnitee understands and acknowledges that the
     Company has  undertaken  or may be required in the future to  undertake  to
     submit  to  the  Securities   and  Exchange   Commission  the  question  of
     indemnification to a court in certain  circumstances for a determination of
     the  Company's  right under public policy to indemnify  Indemnitee.  If any
     such circumstance  occurs, the Company will vigorously assert and prosecute
     its rights to indemnify Indemnitee.

     IN WITNESS  WHEREOF,  the parties  hereto have duly  executed and delivered
this Agreement as of the 10th day of July, 2001.

                                              AURA SYSTEMS, INC.

                                          By: ________________________
                                              Gerald S. Papazian
                                              President & C.O.O.


AGREED TO AND ACCEPTED:
INDEMNITEE

By: ________________________
    Harry Haisfield