I reviewed the installation file. there should be adlnktools.sh somewhere in your fs. This file is doing the relinks in your case.
Execute it. It will try to relink the things in tools home.
If you will get the same error, modify that script to only relink the failing binary/library to see the actual error.
Since your failing relink is for frmweb
Your command should be like the following..
make -f ins_forms.mk frmweb_install frmcmp_install frmcmpb_install frmbld_install frmsrv_install ORACLE_HOME=$ORACLE_HOME
Attention : Set your environment (like it is set in adlnktools.sh.. Also use the full path of ins_forms.mk in your make command)
I think, this is caused some make commands related with reports.
Locate inst_reports.mk file in your stage directory.
In my stage, it is in EBSInstallMedia/AS10.1.2/Disk1/appsts/stage/tools34_reports.zip.
unzip it and you will find the file reports/lib32/ins_reports.mk
Modify that file to include LD_OPTIONS for every relink/compile for every executable.
Rename your old tools34_reports.zip (rename it as tools34_old.zip)
After that, zip the contents that you unzipped earlier with the name tools34_reports.zip
At this point, your new tools34_reports.zip file will include a modified ins_reports.mk
Lastly, re-execute rapidwiz and update me.
Note: append the relevant line if it already included LD_OPTIONS