PowerBand Solutions Inc. has entered into a Memorandum of Understanding ("MOU") with Allianz Partners to sell automotive specialty insurance products on the DRIVRZ virtual transaction platform. The non-binding MOU allows Powerband, its partner D&P Holdings Inc. and Allianz Partners to market a wide range of Finance & Insurance products at the start of the second quarter of 2021 for the U.S. and Canadian markets. The companies will initially seek out opportunities in North America to expanding lease financing facilities, with an emphasis on electric vehicles (EVs). The intention is to expand offerings globally, through DRIVRZ. DRIVRZ is a virtual marketplace that allows drivers and automotive dealers to buy, lease, sell and trade electric and non-electric vehicles from any digital device, from any location. DRIVRZ has access to 4.5 million vehicles available for sale or lease, as well as millions of consumers and thousands of automotive dealers, through its partnerships. Allianz Partners, D&P Holdings and PowerBand intend to cooperate on offering automotive specialty insurance and related products and services with a focus on EV, passenger cars, light commercial vehicles, trucks and motorbikes. Products included in the MOU target: automotive manufacturing; direct and indirect commercial and consumer lending and leasing; consumer-to-consumer vehicle transactions; dealership business; auctions; importer business; including our non-OEM business partners.