Document:

EXHIBIT 10.7

                    COOPERATION AND SERVICE SUPPLY AGREEMENT

                                 BY AND BETWEEN

NORFIN S.P.A., with headquarters in Milan, Via Bistolfi, 35, capital stock
37,500,000,000 lire, registered in the Corporate Register with C.C.I.A.A.,
Milan, as no. 203816, in the person of its President Mr. Mauro Saponelli
(company hereinafter NORFIN for the sake of brevity)

                                      AND

DE NORA FUEL CELLS S.P.A., with headquarters in Milan, registered in the
Corporate Register with CCIAA, Milan, as no. 208344/1999, in the person of its
President Dr. Michele Tettamanti (company hereinafter DNFC for the sake of
brevity)

                                    WHEREAS

     -    NORFIN is the "ORONZIO DE NORA group holding company" and engages in
          business of a financial nature, of coordinating its direct and
          indirect subsidiaries;
     -    DNFC's purpose is research and marketing in the field of fuel cells;
     -    It is in the common interest of the group companies to centralize
          certain services and/or to make use of some of them with the purpose
          of benefiting highly qualified professionals and adequate structures
          in direct and flexible ways;
     -    With regard to DNFC's organizational system and control in the
          developmental phase, NORFIN will be involved directly in the drafting
          of medium- and long-term operating plans, researching and preparing
          administration and accounting packages, implementing the EDP system,
          starting up an adequate management control system, and through its
          own top management, also in their capacity as DNFC Manager,
          negotiations with Italian and foreign companies with the aim of
          developing joint research projects, to enhance the value of DNFC
          products currently in the experimental phase, and identifying
          possible strategic partners with which to start larger scale
          projects.

                            WHEREAS ALL OF THE ABOVE

The parties agree and stipulate as follows:

1) PREAMBLE

The preamble is an integral part of this agreement.

<PAGE>

2) OBJECTIVE

-NORFIN offers to DNFC which, as represented, accepts, the supply of the
following corporate assistance and cooperation services in economic,
accounting, finance, organization, and management in general, commercial, tax,
legal, and precisely

ASSISTANCE ACTIVITIES

     (1)  in the statistical analysis and processing of budgets and final
          balances;
     (2)  in financial matters concerning the use of cash (liquidity) or
          obtaining funds, both in national and foreign currency, and the
          currency management involved in futures and spot receipts and
          payments;
     (3)  in negotiations with Italian and foreign companies to develop
          strategic projects as per the preamble;
     (4)  in organizing, training, labor relations, selecting human resources,
          analyzing the function of structures and defining proposals for
          intervention;
     (5)  in the negotiating phase, negotiating and stipulating business
          contracts, in particular the financial, insurance and financing
          aspects thereof;
     (6)  in tax matters concerning correct application of current laws;
     (7)  in corporate matters with special attention to legal compliance;
     (8)  in accounting operations and procedures, in the processing and study
          of accounting and administrative data;

TERMS
For supplying the referenced services, DNFC pledges to supply NORFIN with the
technical information, to transfer data and experience, and the technical and
documentary information necessary or useful for NORFIN to conduct the activity.

3) SPECIALIZED PERSONNEL

In performing its assistance activity, where it becomes necessary or also at
DNFC's request, NORFIN may send its own specialized personnel to perform
individual services.

As required, this personnel, together with DNFC executives, may engage in
dealings with authorities, companies and credit institutions, and take part in
negotiations for contractual, economic, and financial conditions.

To perform the assistance service, where necessary or on DNFC's request, NORFIN
may also use outside professionals, billing DNFC for the cost thereof.

                                       2
<PAGE>

The personnel used by NORFIN to perform individual services shall act in
compliance with the needs and objectives pursued by DNFC, exercising technical
and professional discretion, without obligation of subordination.

4) TERM

This agreement nullifies and replaces any previous agreements between the
parties.

This agreement shall take effect on 1/1/00 and shall end on 12/31/00. At
expiration, it will be considered automatically renewed for an additional
period of one year, and so forth, unless prior notice of 60 days is given by
registered letter.

5) COMPENSATION

As compensation for the services as per point 2, DNFC shall pay to NORFIN the
considerations specified in the attached table "A," quarterly, deferred,
against submission of invoice by direct delivery; this table shall be updated
by NORFIN periodically based on changes in its personnel engaged in providing
assistance to DNFC.

Every other tax burden/charge shall be borne exclusively by DNFC.
NORFIN shall be reimbursed for any transfers of NORFIN personnel made by DNFC
using the same rates and procedures as above; to the thus-determined
considerations will be added any out-of-pocket expenses incurred
(transportation, room and board), upon submission to and approval by DNFC of
the relative expense documents.

6) TERMINATION

This contract may be terminated by both parties within the limits established
by law by 60 days advance notice in writing.

7) COSTS

The costs of this contract, attached and consequential, are to be borne
exclusively by DNFC.

Milan, January 10, 2000

NORFIN S.P.A.                                          DE NORA FUEL CELLS S.P.A.

/s/ Mauro Saponelli                                    /s/ Michele Tettamanti
----------------------                                 -------------------------
    Mauro Saponelli                                        Michele Tettamanti

                                       3

<PAGE>

Attachment "A"

                                  COMPENSATION

TOP MANAGEMENT PERSONNEL                                3,000,000 lire/day
--------------------------
(Saponelli)

MANAGEMENT PERSONNEL                                    1,500,000 lire/day
--------------------------
(Ferrari)

SPECIALIZED PERSONNEL                                   1,000,000 lire/day
--------------------------
(Fazzoletti)

QUALIFIED PERSONNEL                                  Lire 600,000 lire/day
--------------------------
(other NORFIN personnel)

Milan, January 10, 2000

NORFIN S.P.A.                                         DE NORA FUEL CELLS S.P.A.

/s/ Mauro Saponelli                                   /s/ Michele Tettamanti
----------------------                                --------------------------
    Mauro Saponelli                                       Michele Tettamanti

                                       4EXHIBIT 10.8

                    COOPERATION AND SERVICE SUPPLY AGREEMENT

DE NORA S.P.A., with headquarters in Milan, Via Bistolfi, 35, capital stock
40,000,000,000 lire, registered in the Corporate Register with C.C.I.A.A.,
Milan, as no. 200888, in the person of its President Mr. Giovanni Scapini
(company hereinafter DN for the sake of brevity)

                                      AND

DE NORA FUEL CELLS S.P.A., with headquarters in Milan, Via Bistolfi, 35,
capital stock 40,000,000,000 lire, registered in the Corporate Register with
CCIAA, Milan, as no. 208344/1999, in the person of its President Dr. Michele
Tettamanti (company hereinafter FUEL CELLS for the sake of brevity)

                                    WHEREAS

- On 10/1/99, DN concluded the spin-off of its fuel cells business into the
newly formed company named FUEL CELLS;
- FUEL CELLS, still in the start-up phase, has an organizational structure at
an early stage of development;
- It is in the companies' common interest, belonging to the Oronzio de Nora
group, to centralize certain services, in order to realize cost savings;

                            WHEREAS ALL OF THE ABOVE

The parties agree and stipulate as follows:

1) PREAMBLE
The preamble is an integral part of this agreement.

2) OBJECTIVE OF ASSISTANCE ACTIVITY
DN offers to FUEL CELLS which, as represented, accepts, the following assistance
and collaboration:
     a)   in patent matters for the development and protecting the intellectual
          property portfolio of FUEL CELLS.
     b)   In research and development, in particular for planning relating to
          business transferred to FUEL CELLS in the spin off;
     c)   Within the scope of production activities for manpower services
          relating to packing and workshop odd jobs;
     d)   In labor activities for chemical analysis services.

<PAGE>

     e)   In import/export activities, in particular for the application and
          management of authorization for temps, keeping operations records and
          preparing additional internal and external documentation;

3) PROCEDURE
For supplying the referenced services, FUEL CELLS pledges to supply DN with the
necessary information, and technical and documentary material necessary or
useful for DN to conduct the service activity.

4) SPECIALIZED PERSONNEL
In performing its assistance activity, where it becomes necessary, or at DN's
request, FUEL CELLS may send its own specialized personnel to perform
individual services.
This personnel, together with FUEL CELLS executives, may engage in relations
with the authorities and companies, take part in negotiations for contractual,
economic, and financial conditions.
The personnel used by DN in performing individual services shall act in
compliance with the needs and objectives pursued by FUEL CELLS, exercising
technical and professional discretion, without obligation of subordination.

5) TERM
This agreement shall take effect on January 1, 2000 and shall end on
12/31/2000.
At maturity, it will be considered automatically renewed for an additional
period of one year, and so forth, unless prior notice of 30 days is given by
registered letter.

6) COMPENSATION
As compensation for the services as per art. 2 of this agreement, FUEL CELLS
shall pay to DN the following amounts:

6.1) for the activities as per 2a), 2 b), and 2 c) above:
     a)   60 Euros for each hour of work (regular or overtime) performed at the
          DN or FUEL CELLS headquarters
     b)   350 Euros for each day of work outside the headquarters, including
          overtime.

These amounts do not include out-of-pockets expenses (room and board,
transportation), which will be reimbursed upon submission and approval by FUEL
CELLS of the relevant documentation.

                                       2
<PAGE>

6.2) for the activities as per 2 d) as in the price list annexed to this
agreement.

6.3) for the activities as per 2 e) above, a flat rate of 200,000 lire per job;
this amount does not include customs duties for imports, the cost of customs
declarations for issuing customs entry, the costs of specific ad hoc
consultations on the part of the shippers/carriers and shipping costs of any
kind whatever.

The amounts as per 6.1), 6.2) and 6.3) above shall be paid by FUEL CELLS on a
monthly basis, deferred, upon submission of invoice via direct delivery and
analytical documentation of the activity performed by DN.
Every other tax charge shall be borne entirely by FUEL CELLS.

7) TERMINATION
This contract may be terminated by both parties within the limits established
by law by 60 days advance notice in writing.

8) COSTS
The costs of this contract, annexes and consequentialities, are to be borne
exclusively by DNFC.

Milan, January 18, 2000

DE NORA S.P.A.                                        DE NORA FUEL CELLS S.P.A.

/s/ Giovanni Scapini                                  /s/ Michele Tettamanti
--------------------------                            --------------------------
    Giovanni Scapini                                      Michele Tettamanti

                                       3

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