EXHIBIT 10.12 MEMORANDUM TO: Steve Leonard FROM: Bob Kennis DATE: July 31, 1997 This sets forth our agreement. 1. You will remain as an officer of the subsidiary Circle International, Inc. in the position of President and C.E.O., Global Transportation...Memorandum of Agreement • March 30th, 1998 • Circle International Group Inc /De/ • Arrangement of transportation of freight & cargo
