Document:

EXHIBIT 10.120

                                 AMENDMENT NO. 5
                                       TO
                          LIMITED PARTNERSHIP AGREEMENT
                                       OF
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     This Amendment No. 5 dated as of March 9, 1998 (the "Amendment") to the
Limited Partnership Agreement of Glimcher Properties Limited Partnership (the
"Parnership") dated as of November 30, 1993 (the "Partnership Agreement") as
amended, by and among Glimcher Properties Corporation (the "General Partner"), a
Delaware corporation, Glimcher Realty Trust, a Maryland real estate investment
trust (the "Trust"), and the Persons who have executed the counterpart execution
pages annexed hereto (together with the Trust, the "Limited Partners") (the
General Partner and Limited Partners being each a "Partner" and collectively,
the "Partners").

     WHEREAS, David J. Glimcher has resigned as an executive officer of the
Trust;

     WHEREAS, David J. Glimcher desires to engage in certain real estate
activities which are presently prohibited with respect to him under the
Partnership Agreement;

     WHEREAS, the Partners desire to amend the Partnership Agreement to remove
certain restrictions on David J. Glimcher's ability to engage in certain real
estate activities; and

     WHEREAS, the General Partner has approved this Amendment to the Partnership
Agreement and received the Consent of the Limited Partners to such Amendment as
evidenced by their execution of this Amendment.

     NOW, THEREFORE, in consideration of the mutual covenants contained in this
Agreement and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the receipt and sufficiency of
which are hereby acknowledged, the Partners agree as follows:

          1. Definitions. Defined terms not defined herein shall have the
meaning given to them in the Partnership Agreement.

          2. Shopping Center. The definition of the term "Shopping Center"
shall, when used as a capitalized term, mean five (5) or more stores as part of
the same retail facility.

          3. Section 9.11 of the Partnership Agreement is hereby amended in its
entirety to read as follows:

     Section 9.11 Acquisition Projects. Notwithstanding anything contained in
Section 9.10 hereof to the contrary, the Primary Limited Partners and/or their
Affiliates shall not, during the period (the "Restricted Period") commencing on
the date hereof and ending on the earlier of (i) January 26, 2004 and (ii) the
Restrictions Lapse Date (as defined below), acquire an equity ownership interest

<PAGE>

in any Acquisition Project other than through their ownership interest in the
Partnership and the Trust; provided, however, that with respect to David
Glimcher such restriction shall only apply to Acquisition Projects which involve
(x) Shopping Centers located within five (5) miles of Shopping Center owned or
managed by the Partnership or any Affiliate of the Partnership or (y) malls
located within ten (10) miles of a mall owned or managed by the Partnership or
any Affiliate of the Partnership. During the Restricted Period, the Primary
Limited Partners may, in their sole discretion, notify the General Partner of
any opportunities available to the Partnership to acquire any equity ownership
interest in an Acquisition Project to the extent such Primary Limited Partners
believe such opportunities may be appropriate for consideration by the
Partnership. Notwithstanding the preceding sentence, the Primary Limited
Partners and/or their Affiliates may not acquire an equity ownership interest in
any Acquisition Project during the Restricted Period other than through their
ownership interests in the Partnership or the Trust except that David Glimcher
may acquire an equity ownership interest in an Acquisition Project (a) if
permitted pursuant to the first sentence of this Section 9.11 or (b) if the
Partnership declines an opportunity presented to it by David Glimcher to acquire
such equity ownership interest in such Acquisition Project.

     The "Restrictions Lapse Date" shall mean (x) with respect to Herbert
Glimcher the second anniversary of the date on which all of the following
conditions are satisfied: (i) neither Primary Limited Partner is an executive
officer or trustee of the Trust and (ii) Herbert Glimcher and David Glimcher are
not (or would not be assuming such persons exercised all of their outstanding
Rights of Redemption and received Common Shares in consideration therefore), in
the aggregate, the beneficial owners of 10% or more of the outstanding Common
Shares of the Trust, and (y) with respect to David Glimcher, upon the earlier of
(i) a Change in Control of the Trust (as defined below) or (ii) the first
anniversary of the date on which David Glimcher ceases to be an executive
officer and trustee of the Trust. For purposes of the previous sentence, during
his lifetime, a person shall be deemed to be the beneficial owner of any Common
Shares beneficially owned by his Affiliates (including shares beneficially owned
by his Affiliates (including shares that would be owned assuming all outstanding
Rights of Redemption were exercised and Common Shares were received in
consideration therefor by such persons).

     For purposes of this Amendment, a "Change in Control of the Trust" shall be
deemed to occur if:

          (i) there shall have occurred a change in control of a nature that
     would be required to be reported in response to Item 6(e) of Schedule 14A
     of Regulation 14A promulgated under the Securities Exchange Act of 1934, as
     amended (the "Exchange Act"), as in effect on the date hereof, whether or
     not the Trust is then subject to such reporting requirement, provided,
     however, that there shall not be deemed to be a Change in Control of the
     Trust if immediately prior to the occurrence of what would otherwise be a

                                       2
<PAGE>

     Change in Control of the Trust (a) David Glimcher is the other party to the
     transaction (a" Control of the Trust Event") that would otherwise result in
     a Change in Control of the Trust or (b) David Glimcher is an executive
     officer, trustee, director or more than 5% equity holder of the other party
     to the Control of the Trust Event or of any entity, directly or indirectly,
     controlling such other party;

          (ii) the Trust merges or consolidates with, or sells all or
     substantially all of its assets to, another company (each, a
     "Transaction"), provided, however, that a Transaction shall not be deemed
     to result in a Change in Control of the Trust if (a) immediately prior
     thereto the circumstances in (i) (a) or (i) (b) above exist, or (b) (1) the
     shareholders of the Trust, immediately before such Transaction own,
     directly or indirectly, immediately following such Transaction in excess of
     two-thirds of the combined voting power of the outstanding voting
     securities of the corporation or other entity resulting from such
     Transaction (the "Surviving Corporation") in substantially the same
     proportion as their ownership of the voting securities of the Trust
     immediately before such Transaction and (2) the individuals who were
     members of the Trust's Board of Trustees immediately prior to the execution
     of the agreement providing for such Transaction constitute at least a
     majority of the members of the board of directors or the board of trustees,
     as the case may be, of the Surviving Corporation, or of a corporation or
     other entity beneficially directly or indirectly owning a majority of the
     outstanding voting securities of the Surviving Corporation; or

          (iii) the Trust acquires assets of another company or a subsidiary of
     the Trust merges or consolidates with another company (each, an "Other
     Transaction") and (a) the shareholders of the Trust, immediately before
     such Other Transaction own, directly or indirectly, immediately following
     such Other Transaction two-thirds or less of the combined voting power of
     the outstanding voting securities of the corporation or other entity
     resulting from such Other Transaction (the "Other Surviving Corporation")
     in substantially the same proportion as their ownership of the voting
     securities of the Trust immediately before such Other Transaction or (b)
     the individuals who were members of the Trust's Board of Trustees
     immediately prior to the execution of the agreement providing for such
     Other Transaction constitute less than a majority of the members of the
     board of directors or the board of trustees, as the case may be, of the
     Other Surviving Corporation, or of a corporation or other entity
     beneficially directly or indirectly owning a majority of the outstanding
     voting securities of the Other Surviving Corporation, provided, however,
     that an Other Transaction shall not be deemed to result in a Change in
     Control of the Trust if immediately prior thereto the circumstances in
     (i)(a) or (i)(b) above exist.

                                       3
<PAGE>

     4. Section 9.12 of the Partnership Agreement is hereby amended in its
entirety to read as follows:

          Section 9.12 Development Projects. Notwithstanding anything contained
     in Section 9.11 hereof to the contrary, the Primary Limited Partners and
     their Affiliates shall not, during the Restricted Period, acquire, hold,
     own, develop, construct, convey or otherwise deal with any Development
     Project; provided, however, that with respect to David Glimcher such
     restriction shall only apply to Development Projects which involve (x)
     Shopping Centers located within five (5) miles of a Shopping Center owned
     or managed by the Partnership or any Affiliate of the Partnership or (y)
     malls located within ten (10) miles of a mall owned or managed by the
     Partnership or any Affiliate of the Partnership. During the Restricted
     Period, the Primary Limited Partners may, in their sole discretion, notify
     the General Partner of any opportunities available to the Partnership to
     acquire an interest in any Development Project to the extent such Primary
     Limited Partners believe such opportunities may be appropriate for
     consideration by the Partnership. Notwithstanding the preceding sentence,
     the Primary Limited Partners and/or their Affiliates may not acquire an
     equity ownership interest in any Development Project during the Restricted
     Period other than through their ownership interests in the Partnership or
     the Trust except that David Glimcher may acquire an equity ownership
     interest in a Development Project (a) if permitted pursuant to the first
     sentence of this Section 9.11 or (b) if the Partnership declines an
     opportunity presented to it by David Glimcher to acquire such equity
     ownership interest in such Development Project.

     5. No Modifications. Except as herein provided the Partnership Agreement
shall remain in full force and effect without amendment or modification.

     6. Counterparts. For the convenience of the Partners, any number of
counterparts hereof may be executed, and each shall counterpart shall be deemed
to be an original instrument, and all of which taken together shall constitute
one agreement.

     7. Governing Law. This Agreement shall be governed by the laws of the State
of Delaware, without regard to the principles of conflicts of law. Except to the
extent the Act is inconsistent with the provisions of this Agreement, the
provisions of such Act shall apply to the Partnership.

     8. Other Instruments. The partners hereto covenant and agree that they will
execute such other and further instruments and documents as, in the opinion of
the General Partner, are or may become necessary or desirable to effectuate and
carry out this Agreement.

     9. Legal Construction. In case any one or more of the provisions contained
in this Agreement shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision hereof and this Agreement shall be

                                       4
<PAGE>

construed as if such invalid, illegal or unenforceable provision had never been
contained herein.

     10. Gender. Whenever the context shall so require, all words herein in any
gender shall be deemed to include the masculine, feminine or neuter gender, all
singular words shall include plural, and all plural words shall include the
singular

     11. Prior Agreements Superseded. This Agreement supersedes any prior
understandings or written or oral agreements amongst the Partners, or any of
them, respecting the within subject matter and contains the entire understanding
amongst the Partners with respect thereto.

     12. No Third Party Beneficiary. The terms and provisions of this Agreement
are for the exclusive use and benefit of the General Partner and Limited
Partners and shall not inure to the benefit of any other Person.

                                            GENERAL PARTNER:
                                            ---------------

                                            GLIMCHER PROPERTIES CORPORATION

                                            By: /s/ Herbert Glimcher
                                               ------------------------
                                               Name:  Herbert Glimcher
                                               Title: Chairman

                                            LIMITED PARTNERS:
                                            ----------------

                                            GLIMCHER REALTY TRUST, a Maryland
                                            Real Estate Investment Trust

                                            By: /s/ Herbert Glimcher
                                               ------------------------
                                               Name: Herbert Glimcher
                                               Title: Chairman

                                            (SEE COUNTERPART EXECUTION PAGES)

                                       5
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                            /s/ Herbert Glimcher
                                            --------------------
                                                  Signature

                                Print Name:  Herbert Glimcher
                                            --------------------

                                       6
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                /s/ William G. Cornely
                                                ----------------------
                                                Signature

                                   Print Name:    William G. Cornely
                                                ----------------------

                                       7
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                        /s/ John Hicks
                                                        --------------
                                                        Signature

                                           Print Name:    John Hicks
                                                        --------------

                                       8
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                        /s/ George Harminis
                                                        -------------------
                                                        Signature

                                            Print Name:   George Harmanis
                                                        -------------------

                                       9
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                       /s/ Diane Glimcher
                                                       ------------------
                                                       Signature

                                          Print Name:    Diane Glimcher
                                                       ------------------

                                       10
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                         /s/ George Schmidt
                                                         ------------------
                                                         Signature

                                            Print Name:    George Schmidt
                                                         ------------------

                                       11
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                        /s/ Michael P. Glimcher
                                                        -----------------------
                                                        Signature

                                           Print Name:    Michael P. Glimcher
                                                        -----------------------

                                       12
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                         /s/ Robert Glimcher
                                                         -------------------
                                                         Signature

                                            Print Name:    Robert Glimcher
                                                         -------------------

                                       13
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                        /s/ William R. Husted
                                                        ---------------------
                                                        Signature

                                            Print Name:  William R. Husted
                                                        ---------------------

                                       14
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                         LIMITED PARTNER TO AMENDMENT TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of the Amendment to Glimcher Properties Limited
Partnership Limited Partnership Agreement dated as of March 9, 1998, and agrees
to be bound thereby.

                                                         /s/ Ellen Glimcher
                                                         ------------------
                                                         Signature

                                            Print Name:   Ellen Glimcher
                                                         ------------------

                                       15EXHIBIT 10.121

2

                                 AMENDMENT NO. 6
                                       TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     This Amendment No. 6 dated as of April 24, 2000 (the "Agreement") to
Limited Partnership of Glimcher Properties Limited Partnership (the
"Partnership") dated as of November 30, 1993 (the "Partnership Agreement") by
and among Glimcher Properties Corporation (the "General Partner"), a Delaware
corporation, Glimcher Realty Trust (the "Trust"), a Maryland real estate
investment trust, and the Persons who have executed the counterpart execution
pages annexed hereto (together with the Trust, "Limited Partners") (the General
Partner and Limited Partners being each a "Partner" and collectively; the
"Partners").

     WHEREAS, the Partnership was duly organized on September 9, 1993 under the
Delaware Revised Limited Partnership Act; and

     WHEREAS, the Partners of the Partnership have entered into the Partnership
Agreement, and

     WHEREAS, the Partners desire to amend the Partnership Agreement as
hereinafter set forth above.

     NOW, THEREFORE, in consideration of the mutual covenants contained in this
Agreement and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Partners agree as follows:

     1. Definitions. Defined terms not defined herein shall have the meaning
given to them in the Partnership Agreement.

     2. Shopping Center Project. The definition of the term "Shopping Center
Project" shall be modified to read as follows:

          "Shopping Center Project" shall mean any shopping center, including
construction and improvement activities undertaken with respect thereto and
off-site improvements, on-site improvements, structures, buildings and/or
related parking and other facilities, exclusive of any improvements, structures,
buildings and/or related parking and other facilities not a part of the retail
activities of the shopping center, such as those which are needed to be used as
a hotel, for office space, as an amusement or entertainment facility (even if
any of the foregoing facilities have incidental retail uses) single tenant
retail facilities or other facilities used for retail purposes which the
Partnership has determined not to pursue at such time.

     3. No Modifications. Except as herein provided the Partnership Agreement
shall remain in full force and effect without amendment or modification.

<PAGE>

     4. Counterparts. For the convenience of the Partners, any number of
counterparts hereof may be executed, and each such counterpart shall be deemed
to be an original instrument, and all of which taken together shall constitute
one agreement.

     5. Governing Law. This Agreement shall be govern by the laws of the State
of Delaware, without regard to the principles of conflicts of law. Except to the
extent the Act is inconsistent with the provisions of this Agreement, the
provisions of such Act shall apply to the Partnership.

     6. Other Instruments. The partners hereto covenant and agree that they will
execute such other and further instruments and documents as, in the opinion of
the General Partner, are or may become necessary or desirable to effectuate and
carry out this Agreement.

     7. Legal Construction. In case any one or more of the provisions contained
in this Agreement shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision hereof and this Agreement shall be
construed as if such invalid, illegal or unenforceable provision had never been
contained herein.

     8. Gender. Whenever the context shall so require, all words herein in any
gender shall be deemed to include the masculine, feminine or neuter gender, all
singular words shall include the plural, and all plural words shall included the
singular.

     9. Prior Agreements Superseded. This Agreement supersedes any prior
understandings or written or oral agreements amongst the Partners, or any of
them, respecting the within subject matter and contains the entire understanding
amongst the Partners with respect to thereto.

     10. No Third Party Beneficiary. The terms and provisions of this Agreement
are for the exclusive use and benefit of the General Partner and Limited
Partners and shall not inure to the benefit of any other Person.

                                        2
<PAGE>

     IN WITNESS WHEREOF, this Agreement has been executed as of the day and year
first above written by the General Partner and Limited Partners.

                                    GENERAL PARTNER:

                                    Glimcher Properties Corporation

                                    By: /s/ Michael P. Glimcher
                                        ---------------------------
                                        Michael P. Glimcher President

                                    LIMITED PARTNERS:

                                    (SEE COUNTERPART EXECUTION PAGES)

                                        3
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                      LIMITED PARTNER TO AMENDMENT NO. 6 TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of Amendment No. 6 to Glimcher Properties Limited
Partnership Agreement dated as of November 30, 1993, and agrees to be bound
thereby.

                                              /s/ Herbert Glimcher
                                              -----------------------------
                                              Herbert Glimcher

                                        4
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                      LIMITED PARTNER TO AMENDMENT NO. 6 TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of Amendment No. 6 to Glimcher Properties Limited
Partnership Agreement dated as of November 30, 1993, and agrees to be bound
thereby.

                                          /s/ Michael P. Glimcher
                                          ---------------------------
                                          Michael P. Glimcher

                                        5
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                      LIMITED PARTNER TO AMENDMENT NO. 6 TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of Amendment No. 6 to Glimcher Properties Limited
Partnership Agreement dated as of November 30, 1993, and agrees to be bound
thereby.

                                          /s/ Diane Glimcher
                                          -------------------------
                                          Diane Glimcher

                                        6
<PAGE>

                          COUNTERPART EXECUTION PAGE OF
                      LIMITED PARTNER TO AMENDMENT NO. 6 TO
                     GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                          LIMITED PARTNERSHIP AGREEMENT

     The undersigned, by executing this page, agrees to all of the terms,
provisions and conditions of Amendment No. 6 to Glimcher Properties Limited
Partnership Agreement dated as of November 30, 1993, and agrees to be bound
thereby.

                                          /s/ Robert Glimcher
                                          ----------------------------
                                          Robert Glimcher

                                        7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]