Exhibit 10 (vii)

                              CONSULTING AGREEMENT

     This agreement is made and effective as of this 1st day of February 2001 by
and between Vijay Sharma, an individual  residing in Canada  ("Consultant")  and
Trimol Group, Inc., a Delaware corporation (the "Company") (the "Agreement").

     WHEREAS,  the  Company  desires to engage  Consultant  to  perform  certain
business, technical and promotional services ("Services"); and,

     WHEREAS,  Consultant  desires to perform  said  Services  for the  Company,
pursuant to the terms and conditions stated herein:

     NOW,  THEREFORE,  in consideration of the foregoing and the mutual promises
and covenants herein contained, the parties agree as follows:

1.   Services to be Performed.  The Company desires that Consultant perform, and
     Consultant agrees to perform,  certain business,  technical and promotional
     services  for  the  Company  in  connection   with  the   development   and
     commercialization of the Company's aluminum-air fuel cell technology.

2.   Consultant's Performance.  All services to be performed by Consultant shall
     be of the  highest  professional  standard  and shall be  performed  to the
     Company's reasonable satisfaction.

3.   Status.   Consultant's  status  under  this  Agreement  shall  be  that  of
     independent consultant, and not that of an agent or employee.

4.   Compensation.  As the sole form of  compensation  in  consideration  of the
     services to be rendered by Consultant to the Company hereunder, the Company
     shall pay to Consultant a monthly  consulting  fee of $4,000 U.S.,  payable
     monthly in arrears,  and shall grant Consultant an option to purchase up to
     250,000 shares of the Company's  common stock at an exercise price of $0.50
     pursuant to the Company's 2001 Omnibus Plan.

5.   Term. The term of this Agreement  shall commence as of February 1, 2001 and
     will continue for a period of two (2) years.  Thereafter this Agreement can
     be renewed upon the mutual consent of both parties.

6.   Confidentiality.  During  the term of this  Agreement,  and  thereafter  in
     perpetuity,  Consultant  shall not,  without prior  written  consent of the
     Company,  disclose to anyone any  Confidential  Information.  "Confidential
     Information"  for the purposes of this  Agreement  shall include  Company's
     proprietary and confidential  information relating to its aluminum-air fuel
     cell technology as well as, but not limited to,  consumer  lists,  business
     plans, marketing plans, financial information,  technology  specifications,
     designs, drawings,  specifications,  models,  prototypes,  software, source
     codes and


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     object codes.  Confidential  Information  shall not include any information
     that:  (a) is  disclosed  by Company  without  restriction  or; (b) becomes
     publicly available through no act of Consultant.

7.   Termination. This Agreement may be terminated by either party for Cause (as
     that term is defined below). In the event that this Agreement is terminated
     for Cause, then Company's obligations to Consultant shall be limited to the
     compensation earned up to the date of Consultant's termination for Cause.

     (a)  Definition of Cause. "Cause" shall mean:

          (i) any action by either party which constitutes  dishonesty  relating
          to the other  party,  a willful  violation  of law (other than traffic
          offenses and similar minor offenses) or a fraud against a party;

          (ii)  Consultant  is charged by  indictment  for, is  convicted  of or
          pleads guilty to a felony or other crime;

          (iii)  misappropriation of Company's funds or assets by Consultant for
          his personal gain;

          (iv) failure by either party to perform  their  respective  duties and
          responsibilities to the other party in a competent manner;

          (v) any material  violation by either party of any covenant  contained
          in this Agreement, including covenants related to confidentiality; and

          (vi) any other willful  misconduct which materially  injures the other
          party.

8.   Federal, State and Local Payroll Taxes. Company will not withhold or pay on
     behalf of Consultant or any of his employees:  (a) federal,  state or local
     income  taxes;   or  (b)  any  other  payroll  tax  of  any  kind,  in  any
     jurisdiction.  In  accordance  with  the  terms of this  Agreement  and the
     understanding of the parties herein,  Consultant shall not be treated as an
     employee  with respect to the services to be  performed  hereunder  for any
     federal, state or local tax purposes.

9.   Notice to Consultant Regarding Tax Liability.  Consultant  understands that
     he is  responsible  to pay his income  tax in  accordance  with  applicable
     federal, state and local law.


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10.  Worker   Compensation   Insurance.   Since  Consultant  is  engaged  as  an
     independent consultant and is not an employee of the Company,  Company will
     not obtain worker's compensation insurance for Consultant.

11.  Controlling  Law.  This  Agreement  shall be governed by and  construed  in
     accordance with the laws of the State of New York.

12.  Final Agreement.  This Agreement  constitutes the final  understanding  and
     agreement between the parties with respect to the subject matter hereof and
     supercedes all prior  negotiations,  understandings  and agreements between
     the  parties,  whether  written or oral.  This  Agreement  may be  amended,
     supplemented  or changed  only by an  agreement  in writing  signed by both
     parties.

13.  Severability. If any term of this Agreement is held by a court of competent
     jurisdiction to be invalid or unenforceable, then this Agreement, including
     all of the remaining terms, will remain in full force and effect as if such
     invalid or unenforceable term had never been included.

14.  Restrictions on Assignment. Consultant may not assign or otherwise transfer
     his rights or delegate its obligations created hereunder to any third party
     without  the prior  written  consent of the  Company.  Notwithstanding  the
     foregoing,  this  Agreement  shall  bind and  inure to the  benefit  of the
     successors and assigns of the parties.

     IN WITNESS WHEREOF,  this Agreement has been executed by the parties hereto
as of this 1st day of February 2001.


                                            TRIMOL GROUP, INC.

                                            By: /s/  Alexander M. Gordin
                                                     Alexander M. Gordin
                                                     President & CEO


                                                /s/  Vijay Sharma
                                                     Vijay Sharma


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