Exhibit 10.16

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN REDACTED PROVISIONS OFTHIS AGREEMENT. THE REDACTED PROVISIONS ARE INDICATED BY THREE ASTERISKSENCLOSED BY BRACKETS AND UNDERLINED. THE CONFIDENTIAL PORTIONS HAVE BEEN FILEDSEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

FIRST AMENDMENT TO CONTRACT SERVICES AGREEMENT

THIS FIRST AMENDMENT (the "Amendment") to the ContractServices Agreement (the "Agreement") is made as of the 9th day of September2004, by and between **NBO Systems, Inc.** ("NBO"), a Maryland Corporation,with its principal place of business at 3676 W. California Avenue, Bldg. D, SaltLake City, Utah 84104 and **Glimcher Properties Limited Partnership**, (the"Customer"), with its principal place of business at 150 East Gay Street,Columbus, Ohio 43215. NBO and Customer are sometimes each referred to herein asa "Party" and collectively the "Parties".

RECITALS:

A. NBO is in the business of developing, marketing, owningand operating distribution and processing systems for gift cards, giftcertificates, gift rights, vouchers, and other instruments allowing the givingof a right to receive a credit toward the purchase of merchandise (collectively"Mall Gift Certificates/Gift Cards").

B. Customer is in the business of owning or managing malls and shoppingcenters as defined in the Agreement, Addendum C (the "Properties").

C. The Parties entered into the Agreement effective October14, 2003 whereby NBO made available to, and installed its Mall Gift Carddistribution equipment and related network components (collectively, the"System") at the Properties, and provided services associated therewith, asfurther described in the Agreement.

D. Customer and NBO desire to amend certain provisions of the Agreement asset forth herein.

NOW, THEREFORE, in consideration of the premises set forthabove, the mutual promises, covenants, agreements and benefits set forth in theAgreement and in this Amendment, and for other good and valuable consideration,the Parties agree as follows:

> 
1. All terms and covenants of the Agreement remain	effective and in force until this Amendment, under the modified terms,	covenants and conditions, in their entirety, as detailed below, become	effective by signature of Customer and NBO.

2. Addendum A - Paragraph 7.k. - The minimum Card face	value denomination sold by Customer or NBO shall be **[* * *]**for	all Customer Properties, except for Cards sold at Jersey Gardens, located in	Elizabeth, New Jersey, where the minimum Card face value denomination sold	by Customer or NBO shall be **[* * *]**. Cards sold for less than	**[* * *]** The maximum number of Cards sold with a value **[*	* *]**. Customer shall pay NBO **[* * *]**.

3. Addendum A - Paragraph 10. Credit/Debit Card Fees -	Customer shall reimburse NBO **[* * *]**. Said fees are payable	within thirty (30) days following Customer receipt of invoice from NBO. This	fee covers the actual transaction cost as well as **[* * *]** NBO	reserves the right to review Customer **[* * *]**annually and in	doing so, also reserves the right to adjust **[* * *]**as	necessary. Customer will not process credit card not-present orders at the	Property(ies). However, should credit card not-present transactions occur at	the Properties, said transactions shall be invoiced to Customer at a rate of	**[* * *]**. Customer has been advised by NBO of the risks of card	not present transactions.

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NBO Systems, Inc.
Glimcher Properties Limited		Partnership
First Amendment
4. All terms and conditions of the Agreement are hereby	ratified and affirmed, as modified by this Amendment. To the extent there is	any inconsistency between the Agreement and this Amendment, the provisions	of this Amendment control.

5. All capitalized terms in this Amendment shall have the	same meanings as in the Agreement unless expressly provided otherwise	herein.

IN WITNESS WHEREOF, NBO and Customer have executed this Amendment effectiveas of the date first written above.
**CUSTOMER:

 **
Glimcher Properties Limited		Partnership

 

By: /s/ William G. Cowely

Its: **NBO:

 **
NBO Systems, Inc.

 

By: /s/ Christopher Foley

Christopher Foley

Chief Financial Officer
 

9/10/2004   
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NBO Systems, Inc.
Glimcher Properties Limited		Partnership
First Amendment |
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