ENVIRONMENTAL INDEMNITY AGREEMENT
ENVIRONMENTAL INDEMNITY AGREEMENT (this " Agreement ") made as of June 30, 2010 by
GLIMCHER PROPERTIES LIMITED PARTNERSHIP , a Delaware limited partnership together with its
permitted successors and assigns, " Sponsor "), and GRAND CENTRAL PARKERSBURG LLC , a
Delaware limited liability company (together with its successors and assigns, " Borrower ", and, collectively with
Sponsor, jointly and severally, the " Indemnitor ") in favor of GOLDMAN SACHS COMMERCIAL
MORTGAGE CAPITAL, L.P. , a Delaware limited partnership (together with its successors and assigns under
the Loan Agreement (as defined below), the " Lender ") and the other Indemnified Parties (as defined below).
A. WHEREAS, Lender is prepared to make a certain loan (the " Loan ") to Borrower, pursuant
to a Loan Agreement of even date between Borrower and Lender (as the same may be amended, restated,
replaced, supplemented or otherwise modified from time to time, the " Loan Agreement "), which Loan shall be
evidenced by one or more promissory notes (as the same may be amended, restated, replaced, supplemented or
otherwise modified from time to time, collectively, the " Note ") and secured by certain real property (collectively,
the " Property ").
B. WHEREAS, the Lender is unwilling to make the Loan unless Indemnitor agrees to provide the
indemnification, representations, warranties, covenants and other matters described in this Agreement for the
benefit of the Indemnified Parties.
C. WHEREAS, Indemnitor is entering into this Agreement to induce the Lender to make the
NOW THEREFORE, in consideration of the mutual premises contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Indemnitor hereby
represents, warrants, covenants and agrees for the benefit of the Indemnified Parties as follows: