AY ("ALIL") hereby confirms that pursuant to an agreement .for Vie sale and purchase of part 'of business datedA". April 1989 between ALIL (1) and Arbuthnot 'Finance International Limited,'a company incorporated in England <RegistraticrCNumber 1566963) and also havinTits registered. office at 131 Finsbury Pavement, London EC2A'lAY ("AF