You can use the pandora battery and magic memory stick to hack it or you can upgrade to 5.03 and run the ChickHEN exploit then run the Hellcats Recovery Flasher to install either 4.01m33-2 or 5.00m33-3. Link for the Hellcats recovery flasher
HERE unrar and place the RECOVERY folder in PSP\GAME then after the ChickHEN loads go to Games on the XMB and run the recovery flasher there it will install the custom firmware without the pandora battery.