WESTFIELD AMERICA INC
EXHIBIT 10.1
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<DESCRIPTION>EXHIBIT 10.1
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<P ALIGN="RIGHT"><FONT SIZE=2><B>EXHIBIT 10.1  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ka1409_eighth_amendment_to_the_first___eig04986"> </A>
<A NAME="toc_ka1409_1"> </A></FONT> <FONT SIZE=2><B>EIGHTH AMENDMENT TO THE<BR>  FIRST AMENDED AND RESTATED AGREEMENT<BR>  OF LIMITED PARTNERSHIP OF<BR>  WESTFIELD AMERICA LIMITED PARTNERSHIP    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This EIGHTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF WESTFIELD AMERICA LIMITED PARTNERSHIP, dated as of May&nbsp;2,
2001 (this "</FONT><FONT SIZE=2><I>Amendment</I></FONT><FONT SIZE=2>"), is among Westfield America,&nbsp;Inc., a Missouri corporation (the "</FONT><FONT SIZE=2><I>Managing General
Partner</I></FONT><FONT SIZE=2>"), as the managing general partner of Westfield America Limited Partnership, a Delaware limited partnership (the
"</FONT><FONT SIZE=2><I>Partnership</I></FONT><FONT SIZE=2>"), and on behalf of the Limited Partners pursuant to the authority conferred on the Managing General Partner by Sections 2.4 and 12.3 of
the First Amended and Restated Agreement of Limited Partnership of Westfield America Limited Partnership, dated as of August&nbsp;3, 1998, as amended (as so amended, the
"</FONT><FONT SIZE=2><I>Agreement</I></FONT><FONT SIZE=2>"). Capitalized terms used herein, but not otherwise defined herein, shall have the respective meanings ascribed thereto in the Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
pursuant to Sections 7.1 and 12.3 of the Agreement, the Managing General Partner is authorized to determine the designations, preferences and relative, participating,
optional or other special rights, powers and duties of additional Partnership Units and to amend the Agreement, and the Managing General Partner is hereby creating the Partnership Preferred Units with
the designations, preferences and other rights, terms and provisions as set forth on </FONT><FONT SIZE=2><I>Exhibit&nbsp;Q</I></FONT><FONT SIZE=2> attached hereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;The
Agreement is hereby amended by the addition of a new exhibit, entitled "Exhibit Q" in the form attached hereto, which shall be attached to and made a part of
the Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;Except
as specifically amended hereby, the terms, covenants, provisions and conditions of the Agreement shall remain unmodified and continue in full force and
effect and, except as amended
hereby, all of the terms, covenants, provisions and conditions of the Agreement are hereby ratified and confirmed in all respects. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;This
Amendment shall be construed and enforced in accordance with, and governed by, the laws of the State of Delaware, without regard to principles of conflicts of
law. </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, this Amendment has been executed as of the date first written above. </FONT></P>

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<TD COLSPAN=3><FONT SIZE=2>WESTFIELD AMERICA,&nbsp;INC.,<BR>
Managing General Partner</FONT></TD>
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By:</FONT></TD>
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/s/&nbsp;</FONT><FONT SIZE=2>IRV HEPNER</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name: Irv Hepner<BR>
Title: Secretary</FONT></TD>
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ALL LIMITED PARTNERS</FONT></TD>
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Westfield America,&nbsp;Inc., as attorney-in-fact pursuant to the power of attorney granted under Section&nbsp;2.4 of the Agreement.</FONT></TD>
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By:</FONT></TD>
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/s/&nbsp;</FONT><FONT SIZE=2>IRV HEPNER</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name: Irv Hepner<BR>
Title: Secretary</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<FONT SIZE=2><A HREF="#toc_ka1409_1">EIGHTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF WESTFIELD AMERICA LIMITED PARTNERSHIP</A></FONT><BR>
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