Document:

<PAGE>

                                                                    Exhibit 10.1

                                                                  EXECUTION COPY

                       LIMITED WAIVER AND SECOND AMENDMENT
                              TO PURCHASE AGREEMENT

          This LIMITED WAIVER AND SECOND AMENDMENT TO PURCHASE AGREEMENT (this
"AMENDMENT") is made as of June 16, 2006, among Vitro, S.A. de C.V., a Mexican
Sociedad Anonima de Capital Variable ("VITRO"), Crisa Corporation, a Delaware
corporation ("CRISA CORP." and, together with Vitro, the "SELLERS"), Crisa
Libbey S.A. de C.V., a Mexican Sociedad Anonima de Capital Variable ("CRISA
LIBBEY"), Vitrocrisa Holding, S. de R.L. de C.V., a Mexican Sociedad de
Responsabilidad Limitada de Capital Variable ("VC HOLDING"), Vitrocrisa S. de
R.L. de C.V., a Mexican Sociedad de Responsabilidad Limitada de Capital Variable
("VITROCRISA"), Vitrocrisa Comercial, S. de R.L. de C.V., a Mexican Sociedad de
Responsabilidad Limitada de Capital Variable ("VC COMERCIAL"), Crisa Industrial,
L.L.C., a Delaware limited liability company ("CRISA INDUSTRIAL" and,
collectively with Crisa Libbey, VC Holding, Vitrocrisa and VC Comercial, the
"ACQUIRED COMPANIES"), Libbey Mexico, S. de R.L. de C.V., a Mexican Sociedad de
Responsabilidad Limitada de Capital Variable ("LIBBEY MEXICO"), Libbey Europe
B.V., a limited liability company (besloten vennootschap met beperkte
aansprakelijkheid) organized under the laws of the Netherlands ("LIBBEY
EUROPE"), and LGA3 Corp., a Delaware corporation ("LGA3" and, together with
Libbey Mexico and Libbey Europe, the "PURCHASERS"). Each of the Sellers,
Acquired Companies and Purchasers is referred to herein as a "PARTY" and,
collectively, as the "PARTIES". Unless otherwise defined herein, all capitalized
terms have the meanings set forth in the Purchase Agreement (as defined below).

          The circumstances underlying the execution of this Amendment are as
follows:

     A. The Parties entered into a Purchase Agreement, dated as of April 2, 2006
and first amended on May 31, 2006 (as amended, the "PURCHASE AGREEMENT"),
pursuant to which the Sellers agreed to sell, assign, transfer, convey and
deliver to Purchasers, and Purchasers agreed to acquire from Sellers, the
Interests and certain assets related thereto.

     B. Each of the Sellers and the Purchasers desires to amend the Purchase
Agreement in accordance with the terms and conditions set forth herein.

          NOW, THEREFORE, in consideration of the premises set forth herein and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Parties agree as follows:

          1. Limited Waiver. Subject to the terms and conditions set forth
herein, the Sellers hereby waive the closing condition set forth in Section
8.01(j) of the Purchase Agreement solely as it relates to the release of the
Vitro Guarantees identified on attached Appendix A.

          2. Amendment to Purchase Agreement. The Parties hereby agree that the
Purchase Agreement shall be amended to reflect the following:

          a.   In the definition of "ANCILLARY AGREEMENTS" in Section 1.01, the
               phrase "and the Contracts delivered pursuant to Section 5.12(b)"
               shall be deleted and replaced with "the Contracts delivered
               pursuant to Section 5.12(b); the Stiva Guaranty Agreement, the
               Stiva/Libbey Guaranty Agreement; the Stiva/Vitro Guaranty
               Agreement and the Tractebel Guaranty Agreement".

<PAGE>

          b.   Exhibit 1.01-T shall be replaced with Exhibit 1.01-T, attached
               hereto.

          c.   In Section 1.01, the following definition shall be added:

               "FORM OF IBERDROLA GUARANTY AGREEMENT" means the Guaranty
               Agreement between Libbey Inc. and Vitro in all material respects
               in the form of Exhibit 1.01-W, attached hereto.

          d.   The definition of "PLANT I TITLE EXCEPTIONS" shall be deleted in
               its entirety.

          e.   The definition "REFERENCE INTERCOMPANY PAYABLES AMOUNT" in
               Section 1.01 shall be deleted in its entirety and replaced with
               the following:

               "REFERENCE INTERCOMPANY PAYABLES AMOUNT" means $19,936,606, which
               amount was determined, for clarification, by subtracting the
               amount of Forgiven Payables ($400,000) from the amount of
               Intercompany Payables in existence on December 31, 2005
               ($20,336,606).

          f.   In the definition of "REIMBURSABLE LIABILITIES" in Section 1.01,
               subclause (u) shall be deleted in its entirety and replaced with
               "(u) any inaccuracy in any representation and warranty of Sellers
               contained in the second sentence of Section 3.08(a) or Sections
               3.17(e) or (f)(iv), as each pertain to title matters concerning
               the Plant I Real Property."

          g.   In Section 1.01, the following definition shall be added:

               "STIVA GUARANTY AGREEMENT" means the Guaranty Agreement between
               Libbey Inc. and Vitro in all material respects in the form of
               Exhibit 1.01-X, attached hereto.

          h.   In Section 1.01, the following definition shall be added:

               "STIVA/LIBBEY GUARANTY AGREEMENT" means the Guaranty Agreement
               between Fondo Stiva S.A. de C.V. and Libbey Inc. in all material
               respects in the form of Exhibit 1.01-Y, attached hereto.

          i.   In Section 1.01, the following definition shall be added:

               "STIVA/VITRO GUARANTY AGREEMENT" means the Guaranty Agreement
               between Fondo Stiva S.A. de C.V. and Vitro in all material
               respects in the form of Exhibit 1.01-Z, attached hereto.

          j.   In Section 1.01, the following definition shall be added:

               "TRACTEBEL GUARANTY AGREEMENT" means the Guaranty Agreement
               between Libbey Inc. and Vitro in all material respects in the
               form of Exhibit 1.01-AA, attached hereto.

          k.   Exhibit 2.02(b) shall be replaced with Exhibit 2.02(b), attached
               hereto.

          l.   Exhibit 5.07(b) shall be replaced with Exhibit 5.07(b), attached
               hereto.

                                       2

<PAGE>

          m.   Section 5.07(e) shall be deleted in its entirety and replaced
               with the following:

               (e) Between the date of this Agreement and the Closing, Sellers
               shall not, without Purchasers' prior written consent, enter into
               any Vitro Guarantees, or cause or permit any of the Vitro
               Entities to enter into any Vitro Guarantees, for the benefit of
               the Acquired Companies except the Stiva/Vitro Guaranty Agreement.
               As soon as practicable after Closing, Sellers and Purchasers
               shall cooperate and use commercially reasonable efforts to (i)
               terminate, or to cause Purchasers or one of their Affiliates
               (including Libbey Inc.) to be substituted in all respects for the
               applicable Vitro Entities in respect of, all obligations of the
               Vitro Entities under the Vitro Guarantees; (ii) cause the
               counterparties to the Tractebel and Iberdrola Contracts to agree
               to amend those Shared Contracts so that, from and after the
               Closing Date, the liability of the Acquired Companies, on the one
               hand, and any other Vitro Entities that are parties to such
               Shared Contracts, on the other hand, is several, and not joint;
               and (iii) cause the beneficiaries of the Vitro Guarantees with
               respect to the Tractebel and Iberdrola Contracts to agree to
               amend such Vitro Guarantees to reduce the amount of those Vitro
               Guarantees to the extent of the obligations, from and after the
               Closing Date, of the Acquired Companies under the related Shared
               Contracts.

          n.   Section 5.07(h) shall be deleted in its entirety and replaced
               with "Section 5.07(h). [Intentionally Omitted]".

          o.   Section 5.07(j) shall be supplemented by adding the following
               after the first sentence:

               In connection with the delivery of the Constructora Resolution
               Document and the consent from Constructora referred to above, on
               or before the Closing Date, (i) Sellers shall execute and deliver
               to Fondo Stiva S.A. de C.V. the Stiva/Vitro Guaranty Agreement;
               and (ii) Libbey Inc. shall execute and deliver to Fondo Stiva
               S.A. de C.V. the Stiva/Libbey Guaranty Agreement.

          p.   In the first sentence of Section 5.07(k), the reference to
               "Sections 3.17(b)(16)" of the Disclosure Schedule shall be
               deleted and replaced with "Sections 3.20(c)(ii)(i)".

          q.   In the first sentence of Section 5.07(l), the phrase "From and
               after the date hereof" shall be deleted and replaced with "As
               soon as practicable after Closing".

          r.   In the first sentence of Section 5.12(c), the number "$2,500,000"
               shall be deleted and replaced with "$400,000".

          s.   In the second sentence of Section 5.12(c): (1) the phrase "in
               Mexican Pesos" shall be inserted between the phrase "an amount"
               and the phrase "equal to"; (2) the phrase "in Mexican Pesos"
               shall be inserted between the phrase "(i) the amount" and the
               phrase "of the Intercompany

                                       3

<PAGE>

               Payables"; and (3) the number "$20,336,606" shall be deleted and
               replaced with "216,267,603 Mexican Pesos".

          t.   In the third sentence of Section 5.12(c), the phrase "On January
               15, 2007" shall be deleted and replaced with "On January 15,
               2008".

          3. Supplement and Amendment to Disclosure Schedule. The Disclosure
Schedule shall be supplemented and amended by the Supplemented and Amended
Disclosure Schedule attached hereto as Appendix B.

          4. Organization and Authority of Sellers. Each Seller is duly
organized, validly existing and in good standing under the Laws of the
jurisdiction of its incorporation or formation and has all necessary power and
authority to enter into this Amendment, to carry out its obligations hereunder
and to consummate the Transactions. Each Seller (other than Vitro) is a direct
or indirect wholly-owned subsidiary of Vitro. The execution and delivery of this
Amendment by the respective Sellers, the performance by Sellers of their
respective obligations hereunder and the consummation by Sellers of the
Transactions have been duly authorized by all requisite action on the part of
Sellers and their respective equity holders. This Amendment has been duly
executed and delivered by the respective Sellers, and (assuming due
authorization, execution and delivery by the other Parties) this Amendment
constitutes the legal, valid and binding obligations of Sellers, enforceable
against Sellers in accordance with the terms hereof.

          5. Organization and Authority of Purchasers. Purchasers are duly
organized, validly existing and in good standing under the Laws of the
jurisdiction of their respective incorporation or formation and have all
necessary power and authority to enter into this Amendment, to carry out their
respective obligations hereunder and to consummate the Transactions. Purchasers
are direct or indirect wholly-owned subsidiaries of Libbey Inc. The execution
and delivery of this Amendment by Purchasers, the performance by Purchasers of
their respective obligations hereunder and the consummation by Purchasers of the
Transactions have been duly authorized by all requisite action on the part of
Purchasers and their respective equity holders. This Amendment has been duly
executed and delivered by the respective Purchasers, and (assuming due
authorization, execution and delivery by the other Parties) this Amendment
constitutes the legal, valid and binding obligations of Purchasers, enforceable
against Purchasers in accordance with the terms hereof.

          6. Effect of Amendment on Other Agreements. Cross references in the
Ancillary Agreements (as such term is defined in the Purchase Agreement) or
Exhibits to the Purchase Agreement to sections or defined terms in the Purchase
Agreement, shall be deemed to be cross references to the Purchase Agreement as
amended hereby, and the Ancillary Agreements and Exhibits to the Purchase
Agreement are hereby amended to the extent necessary to so provide.

          7. Ratification. In connection with and simultaneous to the
effectiveness of the amendments set forth herein, each Party hereby ratifies all
actions it has taken in connection with the obligations under the Purchase
Agreement and, to the extent applicable, the Schedules and Exhibits thereto and
the Ancillary Agreements. Except as expressly stated herein, the execution of
this Amendment shall not operate as a waiver of any right, power or remedy of
any of the Parties under any provision of the Purchase Agreement or any other
agreement to which the Parties are party relating to the transactions
contemplated by the Purchase Agreement. Except as expressly set forth herein,
all terms, conditions, covenants,

                                       4

<PAGE>

representations and warranties contained in the Purchase Agreement and Ancillary
Agreements shall remain in full force and effect.

          7. Incorporation by Reference. The provisions of Sections 11.04
(Severability), 11.06 (Assignment), 11.07 (Amendment), 11.08 (Waiver), 11.11
(Governing Law; Agent for Service of Process), 11.12 (Waiver of Jury Trial) and
11.15 (Counterparts) of the Purchase Agreement shall be incorporated into this
Amendment, mutatis mutandis, as if references to "this Agreement" in the
Purchase Agreement were references to "this Amendment" in this Amendment.

                            [signature pages follow]

                                       5

<PAGE>

          IN WITNESS WHEREOF, the Parties have caused this Amendment to be
signed by their duly authorized representatives.

SELLERS:                                SELLER REPRESENTATIVE:

VITRO, S.A. DE C.V.                     VITRO, S.A. DE C.V.

By:                                     By:
    ---------------------------------       ------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

By:                                     By:
    ---------------------------------       ------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

CRISA CORPORATION

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

           [Signature Page to Second Amendment to Purchase Agreement]

<PAGE>

ACQUIRED COMPANIES:                     PURCHASERS:

CRISA LIBBEY S.A. DE C.V.               LIBBEY EUROPE B.V.

By:                                     By:
    ---------------------------------       ------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

VITROCRISA HOLDING, S. DE R.L.          LIBBEY MEXICO, S. DE R.L. DE C.V.
DE C.V.

By:                                     By:
    ---------------------------------       ------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

VITROCRISA S. DE R.L. DE C.V.           LGA3 CORP.

By:                                     By:
    ---------------------------------       ------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

           [Signature Page to Second Amendment to Purchase Agreement]

<PAGE>

VITROCRISA COMERCIAL, S. DE R.L. DE
C.V.

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

CRISA INDUSTRIAL, L.L.C.

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

<PAGE>

                             JOINDER OF LIBBEY INC.

     The undersigned, Libbey Inc., the direct or indirect parent company of
Purchasers, hereby joins in the execution of this Amendment for the sole purpose
of consenting to the terms hereof as guarantor of all the obligations of
Purchasers pursuant to this Agreement until the Closing shall have occurred, if
ever.

LIBBEY INC.

By:
    ---------------------------------
Name: Susan A. Kovach
Title: Vice President, General
       Counsel & Secretary

<PAGE>

                                   APPENDIX A

-    Pursuant to the Parent Guarantee, dated as of December 15, 1999, made by
     Vitro in favor of Enron Energia Industrial de Mexico, S. de R.L. de C.V.,
     Vitro is the guarantor of Vitrocrisa, S. de R.L.'s obligations under the
     Amended and restated Agreement for Provision of Electrical Power Generation
     Capacity and Associated Electrical Energy, dated as of December 15, 1999,
     by and between Vitro Corporativo S.A. de C.V and Enron Energia Industrial
     de Mexico, S. de R.L. de C.V.

-    Pursuant to the Bond Agreement (Contrato de Fianza), dated as of March 28,
     2003, Vitro, S.A. de C.V. has an obligation to guaranty Vitrocrisa, S. de
     R.L.'s obligations under the Electrical Power Supply Agreement, dated as of
     March 28, 2003, by and between Iberdrola Energia Monterrey, S.A. de C.V.,
     Vitrocrisa and Vidriera Monterrey, S.A. de C.V. Vitro, S.A. de C.V. has
     never provided a Parent Guaranty agreement in favor of or executed any
     other agreement with Iberdrola Energia Monterrey, S.A. de C.V. evidencing
     such guaranty obligations.

<PAGE>

                        EXHIBIT 1.01-T (VITRO GUARANTEES)

1.   Pursuant to the Parent Guarantee, dated as of December 15, 1999, made by
     Vitro in favor of Enron Energia Industrial de Mexico, S. de R.L. de C.V.,
     Vitro is the guarantor of Vitrocrisa, S. de R.L.'s obligations under the
     Amended and restated Agreement for Provision of Electrical Power Generation
     Capacity and Associated Electrical Energy, dated as of December 15, 1999,
     by and between Vitro Corporativo S.A. de C.V and Enron Energia Industrial
     de Mexico, S. de R.L. de C.V.

2.   Pursuant to the Bond Agreement (Contrato de Fianza), dated as of March 28,
     2003, Vitro, S.A. de C.V. has an obligation to guaranty Vitrocrisa, S. de
     R.L.'s obligations under the Electrical Power Supply Agreement, dated as of
     March 28, 2003, by and between Iberdrola Energia Monterrey, S.A. de C.V.,
     Vitrocrisa and Vidriera Monterrey, S.A. de C.V. Vitro, S.A. de C.V. has
     never provided a Parent Guaranty agreement in favor of or executed any
     other agreement with Iberdrola Energia Monterrey, S.A. de C.V. evidencing
     such guaranty obligations.

3.   Vidrio Plano de Mexico, S.A. de C.V. ("Vidrio Plano"), as lessor, and Vitro
     Vidrio y Cristal, S.A. de C.V. ("VVyC"), as lessor's guarantor (obligado
     solidario), are guarantors (obligados solidarios) of Vitrocrisa Comercial's
     obligations as a sub-lessee under the Lease Agreement, dated as of March 5,
     2002, by and between Vidrio Plano, VVyC and Cabi Tultitlan, S.A. de C.V, as
     mandated by Article 7.715 of the Civil Code of the State of Mexico and the
     Nineteenth clause of such agreement.

4.   Pursuant to the Vitro Guaranty, dated as of April 2, 2004, Vitro is the
     guarantor of VC Comercial's and Vitrocrisa's obligations under that certain
     Credit Agreement, dated as of April 2, 2004 (as amended, supplemented or
     otherwise modified from time to time, the "Credit Agreement"), among VC
     Comercial, Vitrocrisa, Bank of Montreal, Banco Nacional de Mexico, S.A.,
     Comerica Bank, HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo
     Financiero HSBC, The Bank of Nova Scotia, Standard Federal Bank, N.A.,
     Harris Nesbitt, HSBC Bank USA and Citibank N.A., Nassau Bahamas Branch.

5.   All right, title and interest in, to, and under all of the following assets
     of Crisa Texas Limited (d/b/a Crisa Ltd.) (hereinafter "Crisa Texas"),
     whether now or hereafter existing or acquired, are pledged, hypothecated,
     charged and mortgaged under the Security Agreement, dated as of April 2,
     2004, by and between Crisa Texas Limited (d/b/a Crisa Ltd.) and HSBC Bank
     USA:

     a.   all accounts (as defined in the Uniform Commercial Code) of Crisa
          Texas and all rights to the payment of money for or relating to the
          sale or lease of goods or services rendered (excluding the that
          certain profit sharing fee payable to Crisa Texas by Libbey pursuant
          to the terms of the Amended and Restated Distribution Agreement dated
          to be effective as of August 29, 1997 entered into by and between
          Vitro, Crisa Corporation, Vitrocrisa, Libbey Inc. and Libbey Glass
          Inc., as amended (hereinafter, the "Profit Sharing Fee")), in each
          case whether or not earned by performance, including all moneys or
          rights to payment due and to become due to Crisa Texas for goods sold
          or leased or for services rendered including, without limitation,
          rights evidenced by an account, note, contract, security agreement or
          other evidence of indebtedness or security together with (i) all
          security pledged, assigned, hypothecated or granted to or held by
          Crisa Texas

<PAGE>

          to secure the foregoing, (ii) all guarantees, endorsements and
          indemnifications on, or of, any of the foregoing, (iii) all powers of
          attorney for the execution of any evidence of indebtedness or security
          or other writing in connection therewith, (iv) all books, records,
          ledger cards, and invoices relating thereto, (v) all evidence of the
          filing of financing statements and other statements and the
          registration of other instruments in connection therewith and
          amendments thereto, notices to other creditors or secured parties, and
          certficates from filing or other registration officers, (vi) all
          credit information, reports and memoranda relating thereto and (vii)
          all other writings related in any way to the foregoing (collectively
          for purposes of this Exhibit 1.01-V, "Crisa Texas' Receivables");

     b.   all instruments, chattel paper or letters of credit (each as defined
          in the Uniform Commercial Code) and all security agreements,
          guaranties, leases and other contracts and contract rights arising
          from the sale of goods or services rendered, of Crisa Texas (but
          exclding in all cases the Profit Sharing Fee), including, without
          limitation, all those evidencing, representing, arising from of
          existing in respect of, securing or otherwise supporting the payment
          of, or in any way relating to, any of Crisa Texas' Receivables
          (collectively for purposes of this Exhibit 1.01-V, "Crisa Texas'
          Related Contracts");

     c.   all funds or other property received by Crisa Industrial in payment of
          any amounts owed (including, without limitation, purchase prices,
          rents, finance charges, interest and all other charges) in respect of
          Crisa Texas' Receivables, or applied to such amounts owed
          (collectively for purposes of this Exhibit 1.01-V, "Crisa Texas'
          Related Collections");

     d.   all deposit accounts, securities accounts, securities entitlement and
          all other investment property (each as defined in the Uniform
          Commercial Code) of Crisa Texas arising from or existing in respect
          of, securing or otherwise supporting the payment of, or in any way
          relating to, any of Crisa Texas' Receivables, and all funds and all
          money, securities entitlements, investments property or other property
          credited to any such accounts; all certificates and instruments, if
          any from time to time representing any of the foregoing; all notes,
          certificates of deposit and other instruments form time to time
          hereafter delivered to or otherwise possessed by HSBC Bank USA or
          Crisa Texas in substitution for, or in addition to, any or all of the
          foregoing; and all interest dividends, moneys, instruments, receivable
          or otherwise distributed in respect of or on in exchange for any or
          all of the foregoing (collectively for purposes of this Exhibit
          1.01-P2, "Crisa Texas' Related Accounts");

     e.   all proceeds (as such term is defined in the Uniform Commercial Code
          as in effect in any relevant jurisdiction the laws of which govern the
          perfection of security interests hereunder or under other relevant
          law) and to the extent not included in the foregoing, all products,
          offspring, rents, issues, profits, returns, income and proceeds of and
          from any and all of the foregoing (including, without limitation,
          proceeds which constitute property of the types described above and
          proceeds deposited from time to time in any of Crisa Texas' Related
          Account or any lock box of Crisa Texas), and, to the extent not
          otherwise included, all payments under insurance (whether or not HSBC
          Bank USA is the loss payee thereof) and all condemnation awards, or
          any indemnity, warranty or guaranty, payable by reason of loss or
          damage to or otherwise with respect to any of the

<PAGE>

          foregoing (together with all rights to recover and proceed with
          respect to eh same), and all accessories to, substitutions for and
          replacements of all or any part of the foregoing.

6.   Pursuant to the US Affiliate Limited Recourse Guaranty, dated as of April
     2, 2004, Crisa Texas is the guarantor of VC Comercial's and Vitrocrisa's
     obligations under the Credit Agreement.

<PAGE>

                                 EXHIBIT 2.02(B)

                        ALLOCATION OF THE PURCHASE PRICE

Purchase Agreement Purchase Price Allocation
June 2006

<TABLE>
<CAPTION>
                                                                                                       Purchase Price
Acquiring Company       Company Acquired                          Shares Acquired                        Allocation
-----------------   ------------------------   -----------------------------------------------------   --------------
<S>                 <C>                        <C>                                                     <C>
LGA3 Corp.          Crisa Libbey SA de CV      25,500 Series A fixed capital stock                                1
LGA 4 Corp.         Crisa Libbey SA de CV      1 Series A fixed capital stock                                     1
LGA3 Corp.          Crisa Industrial LLC       Remaining 51% of partnership                               1,900,000
Libbey Europe BV    Vitrocrisa SRL             Class II Series "A" Variable Capital Value of 510 MXP              1
Libbey Europe BV    Vitrocrisa Comercial SRL   Class II Series "A" Variable Capital Value of 510 MXP              1
Libbey Mexico SRL   Vitrocrisa Holding SRL     Class I Series "A" Fixed Capital Value of 510,000 MXP      2,900,000
                                               Class II Series "A" Variable Capital Value of
Libbey Mexico SRL   Vitrocrisa Holding SRL     13,273,077 MXP                                            73,199,996
Libbey Mexico SRL   Vitrocrisa Holding SRL     Non-compete included in Vitrocrisa Holding                 2,000,000
                                                                                                         ----------
                                               Total Purchase Agreement Purchase Price                   80,000,000
                                                                                                         ==========
</TABLE>

<PAGE>

                                 EXHIBIT 5.07(B)

                       SUPPLEMENTAL ASSETS AND LIABILITIES

1.   The Racks and Conveyors used in the Business are owned by Fabricacion de
     Cubiertos, S.A. de C.V.

2.   Water Use Concession titles number 2NVL100180/24FMGE94, 2NVL100181/24FMGE94
     and 2NVL100182/24FMGE94 over three water wells located at Plant I are held
     by Aceros Porcelanizados S.A. and currently being transferred to
     Fabricacion de Cubiertos, S.A. de C.V. (FACUSA). These titles will be
     transferred to the Acquired Companies subject to the consent from the
     corresponding authorities.

3.   SAP Business One Software Sublicence Agreement dated as of February 22,
     2005, by and between Vitro Corporativo, S.A. de C.V. and Xamai, S.A. de
     C.V.

4.   Master Equipment Lease Agreement, dated as of February 14, 2003 by and
     between Vitro Plan, S.A. de C.V. and CSI Leasing Mexico, S. de R.L. de C.V.
     in connection with three labelers used by the Acquired Companies and sublet
     from Vitro Plan, S.A. de C.V. These labelers will be transferred to the
     Acquired Companies subject to the consent of C.S.I. Leasing Mexico, S. de
     R.L. de C.V.

5.   Supply Agreement dated as of March 26, 2001 between Vitro Corporativo and
     Grupo Mexicano Imperial, S.A. de C.V.

6.   The following Assets are owned by Vitro, S.A. de C.V.: Plant I Real
     Property, Plant I Building Lease, Plant I Improvements, Plant I Surface Use
     Right.

7.   Exhibit 8 to Disclosure Schedule 3.08 is hereby incorporated by this
     reference. Such exhibits include a list of trademarks registered by Crisa
     Corporation that will be assigned to the Acquired Companies.

8.   Domain names owned by Vitro Corporativo, S.A. de C.V. for (a)
     "boroclass.com"; and (b) "boroclass.com.mx".<PAGE>

                                                                    Exhibit 10.2

                               CORPORATE GUARANTY

     This guaranty (hereinafter the "Guaranty") is granted by LIBBEY INC.
(hereinafter "LIBBEY") pursuant to the lease agreement dated February 17, 2004,
as amended, (hereinafter referred as the "Lease Agreement") entered into by and
between Constructora de Naves Industriales, S.A. de C.V. (the "Original Lessor")
and Fomento Inmobiliario de la Construccion, S.A. de C.V. (the "Original
Lessee"), regarding the real estate located at Avenida San Nicolas, number 2121,
in Monterrey, N.L. (the "Real Estate") (simple copy of the Lease Agreement and
of its amendments are herein attached as Exhibits 1,2,3,4 and 5 respectively).
Per the request of the Original Lessee, the construction was built by the
Original Lessor on the property encompassed by the portions of the real estate
property of the Original Lessee as referred to in section 1.02 of the Lease
Agreement (the "Property"), in which the Original Lessee formalized through
separate document and for the benefit of the Original Lessor a "derecho real de
superficie" (1)( "Surface Right") and a Mortgage (2) ( "Mortgage").

     Additionally, the Original Lessee is obliged to formalize for the benefit
of the Original Lessor an additional Surface Right ("Additional Surface Right")
and an additional Mortgage ("Additional Mortgage") over portions of the real
estate which the Original Lessee has physical and legal possession pursuant to
the terms of section 1.02.1 of the Lease Agreement; for this purpose on June
9th, 2006, VITRO S.A. de C.V. ("VITRO") as successor of the Original Lessee
formalized for the benefit of FONDO STIVA S.A. DE C.V. the Additional Surface
Right and Additional Mortgage as stated on Public Deed No. 7,109 and 7,110,
ratified by Licenciado Gustavo Escamilla Flores Public Notary 26 in the city of
Monterrey N.L., currently in process of being filed before State's "cadastre"
"Catastro del Estado" and the public registry of property ("Registro Publico de
la Propiedad") corresponding to the Additional Surface Right ("Derecho Real de
Superficie Adicional") and in the public registry of property (Registro Publico
de la Propiedad) for purposes of the Additional Mortgage.

     The parties declare that according to the penultimate paragraph of this
guaranty, on May 31st, 2006, the Lease Agreement entered into by and between
the Original Lessor and the Original Lessee, valid and effective for its
successors, was assigned with the previous consent of FONDO STIVA, S.A. DE C.V.
as successor to the Original Lessor, (hereinafter referred as the "Assignment")
consequently Vitrocrisa Comercial, S. de R.L. de C.V. is the lessee of the Real
Estate (simple copy of the authorization issued by FONDO

----------
(1)  PUBLIC DEED NO. 308 DATED FEBRUARY 17, 2004, GRANTED BEFORE LIC. JORGE
     MALDONADO NOTARY PUBLIC NO. 55 IN THE FIRST DISTRICT OF THE STATE OF NUEVO
     LEON, WHICH TESTIMONY WAS REGISTERED UNDER THE DOCKET 1024, VOLUME 164,
     BOOK 21, LIENS SECTION II IN THE PUBLIC REGISTRY OF COMMERCE AND PROPERTY
     FOR THE FIRST DISTRICT OF THE STATE OF NUEVO LEON, IN MONTERREY, DATED
     MARCH 12TH 2004

(2)  PUBLIC DEED NO. 309 DATED FEBRUARY 17, 2004, GRANTED BEFORE LIC. JORGE
     MALDONADO NOTARY PUBLIC NO. 55 IN THE FIRST DISTRICT OF THE STATE OF NUEVO
     LEON, WHICH TESTIMONY WAS REGISTERED UNDER THE DOCKET 967, VOLUME 164, BOOK
     20, LIENS SECTION II IN THE PUBLIC REGISTRY OF COMMERCE AND PROPERTY FOR
     THE FIRST DISTRICT OF THE STATE OF NUEVO LEON, IN MONTERREY, DATED MARCH
     8TH 2004

<PAGE>

STIVA, S.A. DE C.V. and a simple copy of the Assignment are attached herein as
Exhibits 6 and 7 respectively).

     LIBBEY declares that it is aware that VITRO and VITROCRISA, S. DE R.L. DE
C.V. (or the name hereinafter adopted by the latter) ("CRISA") will execute an
Exchange in Kind Agreement ("Permuta") regarding the Property, through which
CRISA shall own the Surface Right and guaranty the Mortgage. Likewise, it has
knowledge that such exchange in kind agreement will establish:

     (i)  A valid and effective stipulation or obligation by CRISA for the
          benefit of FONDO STIVA, S.A. DE C.V. (as "Superficiario" or "LESSOR")
          through which CRISA assumes the rights and obligations as Owner
          according to the Surface Right without any limitation.

     (ii) The reference to the rights and obligations derived from the Surface
          Right and to the acknowledgement from CRISA that the rights and
          limitations through which the Bartering is formalized.

     (iii) The acknowledgement from CRISA of the express agreement that the
          Mortgage shall be in effect as long as any of the guaranteed
          obligations by the Mortgage has not been paid in its entirety,
          pursuant to the terms of article 2803 of the Civil Code for the State
          Nuevo Leon and its correlative article 2911 of the Civil Federal Code.

     LIBBEY represents that it desires to grant a guaranty according to the
terms and conditions set forth herein.

     LIBBEY in this act, jointly, severally, unconditionally and irrevocably
guarantees to LESSOR, the payment and the timely fulfillment of all the
conditions, agreements, obligations, responsibilities and duties imposed to
Vitrocrisa Comercial, S. de R.L. de C.V. (hereinafter referred as the "LESSEE")
pursuant to the Lease Agreement and the Assignment and CRISA regarding to the
Surface Right and the Mortgage, including the Additional Surface Right and the
Additional Mortgage.

     In the event that LIBBEY makes a payment of any amount to the LESSOR as a
consequence of this Guaranty, LIBBEY will subrogate in the recovery rights
against the LESSEE, pursuant the applicable legal terms.

     This guaranty shall remain in effect during all the time which the Lease
Agreement, and/or its possible renewals, remains in full force and effect,
pursuant to the terms and conditions set forth in the Lease Agreement; in the
understanding that any breach of the obligations of the LESSEE, as set forth in
such Agreement, shall entitle the LESSOR to execute the Guaranty set forth
herein. Notwithstanding the foregoing, the parties agree that this guaranty
shall remain in full force and effect until all the obligations of the LESSEE
set forth in

<PAGE>

the Lease Agreement are fulfilled, including the obligation of payment of the
Monthly Rent during the obligatory term set forth in Clause 18.01 of the Lease
Agreement, to the Surface Right, the Mortgage and the Additional Surface Right
and the Additional Mortgage.

     In the event that LIBBEY fails to fulfill the terms and conditions of this
Guaranty, and therefore LESSOR is forced to require, either judicially or extra
judicially the fulfillment of the Guaranty; LIBBEY shall pay the reasonable
expenses ("gastos y costas") related to attorney's fees or any other fee related
to such failure until the execution of this Guaranty set forth herein is issued
by a competent authority.

     LIBBEY and its representatives represent that it and they have all the
necessary and sufficient legal capacity and power of attorney required to
execute this Guaranty, powers that have not been either limited or revoked; in
order to guarantee the payments and fulfillment of all LESSEE's conditions,
obligations and duties set forth in the Lease Agreement (a simple copy of the
proxies are attached herein as Exhibit 8) and the Additional Surface Right, to
the Mortgage, and to the Additional Mortgage.

     This Agreement and the Exhibits hereto, contain the final, complete and
exclusive statement of the guaranty; therefore, LIBBEY represents there are no
prior verbal agreements or agreements in writing, nor any understanding that may
affect the conditions set forth herein.

     LIBBEY hereby resigns to the benefits of "orden, excusion y division"
established by the articles 2706, 2707, and 2731 of the Civil Code of Nuevo
Leon, and to any other legal remedy opposite to the subject matter hereof,
including but not limited articles 2736, 2738, 2740 and 2741 of the Civil Code
of Nuevo Leon.

     For all the effects of this Agreement, the parties designate the following
addressees:

LIBBEY
300 Madison Avenue
Toledo, Ohio 43604
Attn: General Counsel

FONDO STIVA, S.A. de C.V.
Av. Ricardo Margain Zozaya # 333
Col. Santa Engracia
San Pedro Garza Garcia
Nuevo Leon,
Mexico 66265

<PAGE>

     It is understood that the guaranty hereof shall not be in full force and
effect until VITRO notifies FONDO STIVA the Assignment is in effect.

     IN WITNESS WHEREOF, this Guaranty is duly executed in Monterrey Nuevo, Leon
as of the day of ____ of June, 2006 and all the rights and obligations shall be
interpreted and executed pursuant the applicable law of the State of Nuevo Leon.

LIBBEY INC.                             Fondo Stiva, S.A. de C.V.

-------------------------------------    ---------------------------------------
By:                                      By: C.P. Pedro Elizondo Montemayor

<PAGE>

                                LIST OF EXHIBITS

Exhibit 1   Simple Copy of Lease Agreement
Exhibit 2   Simple Copy of First Amendment (February 17th, 2004)
Exhibit 3   Simple Copy of Second Amendment (March 9th, 2004)
Exhibit 4   Simple Copy of Third Amendment (July 23, 2004)
Exhibit 5   Simple Copy of Fourth Amendment (September 29th 2004)
Exhibit 6   Simple Copy of Authorization issued by Fondo Stiva, S.A. de C.V. of
            the Assignment
Exhibit 7   Simple Copy of the Assignment of the Lease Agreement.
Exhibit 8   Simple Copy of the certificate that shows the authority of the
            person that signs this guarantee.

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