Document:

<PAGE>

                                                                   EXHIBIT 10.74

                                   LIBBEY INC.

                  FIRST AMENDMENT TO PARENT GUARANTY AGREEMENT

                          Dated as of December 21, 2004

      Re:    Parent Guaranty Agreement dated as of March 31, 2003,
               Note Purchase Agreement dated as of March 31, 2003
                                       and
       $25,000,000 3.69% Senior Notes, Series 2003A-1, due March 31, 2008
       $55,000,000 5.08% Senior Notes, Series 2003A-2, due March 31, 2013
    $20,000,000 Floating Rate Senior Notes, Series 2003B, due March 31, 2010

<PAGE>

                                   LIBBEY INC.

                  FIRST AMENDMENT TO PARENT GUARANTY AGREEMENT

                          Dated as of December 21, 2004

      Re:     Parent Guaranty Agreement dated as of March 31, 2003,
               Note Purchase Agreement dated as of March 31, 2003
                                       and
       $25,000,000 3.69% Senior Notes, Series 2003A-1, due March 31, 2008
       $55,000,000 5.08% Senior Notes, Series 2003A-2, due March 31, 2013
    $20,000,000 Floating Rate Senior Notes, Series 2003B, due March 31, 2010

To the institutional investors (the "Noteholders")
Named in Schedule I attached hereto

Ladies and Gentlemen:

      Reference is made to the Parent Guaranty Agreement dated as of March 31,
2003 (the "Guaranty Agreement") between Libbey Inc., a Delaware corporation (the
"Guarantor"), and each of the institutional investors party thereto, pursuant to
which the Guarantor has guaranteed the obligations of Libbey Glass Inc., a
Delaware corporation (the "Company"), under the Note Purchase Agreement dated as
of March 31, 2003 (the "Note Purchase Agreement") between the Company and the
institutional investors party thereto, under and pursuant to which the Company
originally issued and sold its 3.69% Senior Notes, Series 2003A-1, due March 31,
2008 in an aggregate principal amount of $25,000,000 (the "Series A-1 Notes"),
5.08% Senior Notes, Series 2003A-2, due March 31, 2013 in an aggregate principal
amount of $55,000,000 (the "Series A-2 Notes"), and Floating Rate Senior Notes,
Series 2003B, due March 31, 2010 in an aggregate principal amount of $20,000,000
(the "Series 2003B Notes," and together with the Series A-1 Notes and the Series
A-2 Notes, the "Notes"). Terms used but not otherwise defined herein shall have
the same meaning as ascribed to such terms in the Guaranty Agreement.

      The Guarantor hereby agrees with you in this First Amendment to Parent
Guaranty Agreement (this or the "Amendment") as follows:

                                   ARTICLE 1.

                        AMENDMENT OF GUARANTY AGREEMENT.

      Section 1.1. Amendment to Section 5.1 (Limitation on Debt). Section 5.1 of
the Guaranty Agreement shall be and is hereby amended in its entirety to read as
follows:

<PAGE>

            "Section 5.1. Limitation on Debt. The Guarantor will not at any time
      permit:

                  (a) the Consolidated Leverage Ratio to exceed (i) from October
            1, 2004 through and including June 29, 2005, 3.75 to 1.00, and (ii)
            from June 30, 2005 and at all times thereafter, 3.50 to 1.00; and

                  (b) Priority Debt to exceed 20% of Consolidated Total
            Capitalization as of the end of the most recently completed fiscal
            quarter."

                                   ARTICLE 2.

                         REPRESENTATIONS AND WARRANTIES.

      The Guarantor represents and warrants that as of the date hereof and after
giving effect hereto:

            (a) The execution and delivery of the Amendment by the Guarantor and
      compliance by the Guarantor with all of the provisions of the Guaranty
      Agreement, as amended by the Amendment --

                  (i) are within the corporate power and authority of the
            Guarantor; and

                  (ii) will not violate any provisions of any law or any order
            of any court or governmental authority or agency and will not
            conflict with or result in any breach of any of the terms,
            conditions or provisions of, or constitute a default under the
            certificate of incorporation or by-laws of the Guarantor, or any
            indenture or other agreement or instrument to which the Guarantor is
            party or by which the Guarantor may be bound or result in the
            imposition of any Liens or encumbrances on any property of the
            Guarantor.

            (b) The execution and delivery of the Amendment has been duly
      authorized by all necessary corporate action on the part of the Guarantor;
      and the Amendment has been duly executed and delivered by the Guarantor,
      and the Guaranty Agreement, as amended by the Amendment, constitutes the
      legal, valid and binding obligation, contract and agreement of the
      Guarantor enforceable in accordance with its terms, subject to bankruptcy,
      insolvency, reorganization, moratorium, fraudulent conveyance and similar
      laws affecting creditors' rights generally, and general principles of
      equity (regardless of whether the application of such principles is
      considered in a proceeding in equity or at law).

            (c) Upon the effectiveness of this Amendment and that certain
      Amendment No. 1 and Waiver to Credit Agreement, dated as of December 21,
      2004 (the "Credit Agreement Amendment"), in respect of the Credit
      Agreement dated as of June 24, 2004

                                      -2-
<PAGE>

      (the "Bank Credit Agreement") by and among the Company, Libbey Europe B.V.
      and the banks and financial institutions named therein, no Default or
      Event of Default exists or shall be continuing under the Guaranty
      Agreement or the Note Purchase Agreement.

            (d) Neither the Guarantor nor any Subsidiary has paid any fee or
      other consideration to any Lender (as defined in the Bank Credit
      Agreement) or to any Noteholder in connection with the execution and
      delivery of the Credit Agreement Amendment or this Amendment except (i) an
      amendment fee equal to .05% of the commitment amount of each Lender party
      to the Credit Agreement Amendment, (ii) the fee referenced in Section 3.4
      of this Amendment, and (iii) routine fees of counsel.

                                   ARTICLE 3.

                                 MISCELLANEOUS.

      Section 3.1. References to Guaranty Agreement. References in the Guaranty
Agreement or the Note Purchase Agreement or in any Note, certificate, instrument
or other document delivered in connection with or in respect of the Guaranty
Agreement to the Guaranty Agreement shall be deemed to be references to the
Guaranty Agreement as amended hereby and as further amended from time to time
without making specific reference to this Amendment or any such other amendment.

      Section 3.2. Effect of Amendment; Reaffirmation of Guaranty Agreement.
Except as expressly amended hereby, the Guarantor agrees that the Guaranty
Agreement and all other documents and agreements executed by the Guarantor in
connection with the Guaranty Agreement in favor of the Noteholders are ratified
and confirmed in all respects and continue unimpaired and shall remain in full
force and effect.

      Section 3.3. Successors and Assigns. This Amendment shall be binding upon
the Guarantor and its successors and assigns and shall inure to the benefit of
the Noteholders and to the benefit of the Noteholders' successors and assigns,
including each successive holder or holders of any Notes.

      Section 3.4. Requisite Approval; Expenses. This Amendment shall be
effective as of the date first written above upon the satisfaction of the
following conditions precedent: (a) the Guarantor and the Required Holders shall
have executed this Amendment, (b) the Company shall have executed and delivered
the Acknowledgment and Consent in respect of the Note Purchase Agreement and
this Amendment in the form attached hereto as Exhibit A, (c) each of the
Subsidiary Guarantors shall have executed and delivered the Acknowledgment and
Consent in respect of the Subsidiary Guaranty Agreement and this Amendment in
the form attached hereto as Exhibit B, (d) a copy of the executed Credit
Agreement Amendment shall have been delivered to the Noteholders, (e) the
Guarantor and the Company shall have paid a fee to each Noteholder in an amount
equal to 0.05% of the principal amount of the Notes held by such Noteholder, and
(f) the Guarantor and the Company shall have paid all reasonable fees and
disbursements of Chapman and Cutler LLP which are reflected in statements of
such counsel rendered on or prior to the date of this Amendment.

                                      -3-
<PAGE>

      Section 3.5. Counterparts. This Amendment to Guaranty Agreement may be
executed in any number of counterparts, each executed counterpart constituting
an original but all together only one agreement.

      Section 3.6. Governing Law. This Amendment shall be construed and enforced
in accordance with, and the rights of the parties shall be governed by, the law
of the State of New York excluding choice-of-law principles of the law of such
State that would require the application of the laws of a jurisdiction other
than such State.

                   Remainder of Page Intentionally Left Blank

                                      -4-
<PAGE>

      IN WITNESS WHEREOF, the Guarantor has executed this First Amendment to
Parent Guaranty Agreement as of the day and year first above written.

                               LIBBEY INC.

                               By     /s/ Kenneth A. Boerger
                                  ---------------------------------------------
                               Name:  Kenneth A. Boerger
                               Title: Vice President & Treasurer

                                      -5-
<PAGE>

      This Amendment is accepted and agreed to as of the day and year first
above written.

                               METROPOLITAN LIFE INSURANCE COMPANY

                               By     /s/ Timothy L. Powell
                                  ---------------------------------------------
                               Name:  Timothy L. Powell
                               Its    Director

                               GENERAL AMERICAN LIFE INSURANCE COMPANY
                               By:    Metropolitan Life Insurance Company,
                                      as Investment Manager

                               By     /s/ Timothy L. Powell
                                  ---------------------------------------------
                               Name:  Timothy L. Powell
                               Title  Director

                               THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
                               AIG LIFE INSURANCE COMPANY
                               SUNAMERICA LIFE INSURANCE COMPANY

                               By     AIG Global Investment Corp., investment
                                      advisor

                               By     /s/ Gerald F. Herman
                                  ---------------------------------------------
                               Name:  Gerald F. Herman
                               Its    Vice President

                               ALL STATE LIFE INSURANCE COMPANY

                               By     /s/ Jeffrey J. Cannon
                                  ---------------------------------------------
                               Name:  Jeffrey J. Cannon

                               By     /s/ Dorothy E. Even
                                  ---------------------------------------------
                               Name:  Dorothy E. Even

                               MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
                               C.M. LIFE INSURANCE COMPANY
                               MASSMUTUAL ASIA LIMITED

                               By     Babson Capital Management LLC as
                                      Investment Advisor

                               By     /s/ Elisabeth A. Perenick
                                  ---------------------------------------------
                               Name:  Elisabeth A. Perenick
                               Its    Managing Director

                                      -6-
<PAGE>

                               NATIONWIDE LIFE INSURANCE COMPANY
                               NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY
                               NATIONWIDE MUTUAL FIRE INSURANCE COMPANY

                               By     /s/ Mark W. Poeppelman
                                  ---------------------------------------------
                               Name:  Mark W. Poeppelman
                               Its --------------------------------------------

                               THE CANDA LIFE ASSURANCE COMPANY

                               By     /s/ Eve Hampton
                                  ---------------------------------------------
                               Name:  Eve Hampton
                               Its    V.P., Investments, U.S. Operations

                               By     /s/ J.G. Lowery
                                  ---------------------------------------------
                               Name:  J.G. Lowery
                               Its    A.V.P., Investments, U.S. Operations

                                      -7-
<PAGE>

                                   NOTEHOLDERS

<TABLE>
<CAPTION>
          NAMES OF NOTEHOLDERS                    SERIES OF NOTES      OUTSTANDING PRINCIPAL AMOUNT
<S>                                               <C>                  <C>
METROPOLITAN LIFE INSURANCE COMPANY                     A-1                     $ 25,000,000
GENERAL AMERICAN LIFE INSURANCE COMPANY                 A-2                     $  4,000,000
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY             A-2                     $  7,000,000
AIG LIFE INSURANCE COMPANY                              A-2                     $  6,000,000
ALLSTATE LIFE INSURANCE COMPANY                         A-2                     $  5,000,000
                                                                                $  5,000,000
                                                                                $  5,000,000
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY             A-2                     $  3,550,000
                                                                                $  2,200,000
                                                                                $  1,250,000
                                                                                $    750,000
                                                                                $    350,000
C.M. LIFE INSURANCE COMPANY                             A-2                     $  1,450,000
MASSMUTUAL ASIA LIMITED                                 A-2                     $    450,000
NATIONWIDE LIFE INSURANCE COMPANY                       A-2                     $  4,000,000
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY           A-2                     $  3,000,000
NATIONWIDE MUTUAL FIRE INSURANCE COMPANY                A-2                     $  2,000,000
THE CANADA LIFE ASSURANCE COMPANY                       A-2                     $  4,000,000
SUNAMERICA LIFE INSURANCE COMPANY                        B                      $  7,000,000
MONUMENTAL LIFE INSURANCE COMPANY                        B                      $ 13,000,000
                                                       TOTAL                    $100,000,000
</TABLE>

                                   SCHEDULE I
                (to First Amendment to Parent Guaranty Agreement)

<PAGE>

                           ACKNOWLEDGMENT AND CONSENT

To the institutional investors named in
Schedule I to the Amendment (as hereinafter described)

      This Acknowledgment and Consent (this "Acknowledgment and Consent"), dated
as of December 21, 2004, is being delivered by the undersigned, Libbey Glass
Inc., a Delaware corporation (the "Company"), in respect of that certain Note
Purchase Agreement dated as of March 31, 2003 (the "Note Purchase Agreement")
between the Company and the institutional investors party thereto and in
connection with the transactions contemplated by the First Amendment to Parent
Guaranty Agreement, effective as of even date herewith (the "Amendment"),
between Libbey Inc., a Delaware corporation (the "Guarantor"), and the
institutional investors party thereto, in respect of the original Parent
Guaranty Agreement dated as of March 31, 2003 (the "Amendment") between the
Guarantor and the institutional investors party thereto relating to the Note
Purchase Agreement. Capitalized terms used but not otherwise defined herein
shall have the meanings ascribed to such terms in the Amendment.

            By executing this Acknowledgment and Consent as of the date hereof,
      the Company:

            (i) acknowledges receipt of a copy of, and hereby consents to the
      terms of, the Amendment;

            (ii) ratifies and confirms the Note Purchase Agreement and the Notes
      thereunder; and

            (iii) confirms that the Note Purchase Agreement and the Notes
      thereunder continue unimpaired and in full force effect.

                  [Signature Pages for Acknowledgment and Consent Follow]

                                    EXHIBIT A
                (to First Amendment to Parent Guaranty Agreement)

<PAGE>

      This Acknowledgment and Consent may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Signatures to this
Acknowledgment and Consent may be given by facsimile or other electronic
transmission, and such signatures shall be fully binding on the party sending
the same.

      IN WITNESS WHEREOF, the Company has caused this Acknowledgment and Consent
to be executed as of the day and year first above written.

                                     LIBBEY GLASS INC.

                                     By     /s/ Kenneth A. Boerger
                                        ---------------------------------------
                                     Name:  Kenneth A. Boerger
                                     Title: Vice President & Treasurer

                                       A-2

<PAGE>

                           ACKNOWLEDGMENT AND CONSENT

To the institutional investors named in
Schedule I to the Amendment (as hereinafter described)

      This Acknowledgment and Consent (this "Acknowledgment and Consent"), dated
as of December 21, 2004, is being delivered by each of the undersigned (each, a
"Subsidiary Guarantor"), in respect of that certain Subsidiary Guaranty dated as
of March 31, 2003 (the "Subsidiary Guaranty"), given in favor of the
institutional investors referred to therein, and in connection with the
transactions contemplated by the First Amendment to Parent Guaranty Agreement,
effective as of even date herewith (the "Amendment"), between Libbey Inc., a
Delaware corporation (the "Guarantor"), and the institutional investors party
thereto, in respect of the original Parent Guaranty Agreement dated as of March
31, 2003 (the "Amendment") between the Guarantor and the institutional investors
party thereto relating to the original Note Purchase Agreement, dated as of
March 31, 2003 between Libbey Glass Inc. and the institutional investors party
thereto. Capitalized terms used but not otherwise defined herein shall have the
meanings ascribed to such terms in the Amendment.

      By executing this Acknowledgment and Consent as of the date hereof, each
Subsidiary Guarantor:

            (i) acknowledges receipt of a copy of, and hereby consents to the
      terms of, the Amendment;

            (ii) ratifies and confirms the Subsidiary Guaranty; and

            (iii) confirms that the Subsidiary Guaranty continues unimpaired and
      in full force effect.

                  [Signature Pages for Acknowledgment and Consent Follow]

                                    EXHIBIT B
                (to First Amendment to Parent Guaranty Agreement)

<PAGE>

      This Acknowledgment and Consent may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Signatures to this
Acknowledgment and Consent may be given by facsimile or other electronic
transmission, and such signatures shall be fully binding on the party sending
the same.

      IN WITNESS WHEREOF, each Subsidiary Guarantor has caused this
Acknowledgment and Consent to be executed as of the day and year first above
written.

                                   THE DRUMMOND GLASS COMPANY
                                   SYRACUSE CHINA COMPANY
                                   WORLD TABLEWARE INC.
                                   LGA3 CORP.
                                   LGA4 CORP.
                                   LGFS INC.
                                   LGAC LLC
                                   LGC CORP.
                                   TRAEX COMPANY

                                   By     /s/ Kenneth A. Boerger
                                       ----------------------------------------
                                   Name:  Kenneth A. Boerger
                                   Title: Vice President & Treasurer

                                      B-2<PAGE>

                                                                   EXHIBIT 10.75

                 AMENDMENT NO. 1 AND WAIVER TO CREDIT AGREEMENT

      THIS AMENDMENT NO. 1 AND WAIVER TO CREDIT AGREEMENT (this "Amendment
Agreement") is made and entered into as of December 21, 2004, by and among
LIBBEY GLASS INC., a Delaware corporation (the "US Borrower"), LIBBEY EUROPE
B.V., a company organized and existing under the laws of the Netherlands (the
"Dutch Borrower", and together with the US Borrower, the "Borrowers"), EACH
LENDER SIGNATORY HERETO, and BANK OF AMERICA, N.A., as the administrative agent
for the Lenders (in such capacity, the "Administrative Agent"), Swing Line
Lender and an L/C Issuer.

                                  W1TNESSETH:

      WHEREAS, the Administrative Agent, the lenders party thereto
(collectively, the "Lenders" and individually, a "Lender") and the Borrowers
have entered into that certain Credit Agreement dated as of June 24, 2004 (as
hereby and from time to time amended, restated, supplemented, modified or
replaced, the "Credit Agreement"; capitalized terms used herein but not
otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement), pursuant to which the Lenders have agreed to make and have
made available to the Borrowers a revolving credit facility in an aggregate
principal amount of $250,000,000; and

      WHEREAS, the Borrowers have requested that certain terms of the Credit
Agreement be amended in the manner set forth herein, and that certain covenants
under the Credit Agreement be waived, and the Administrative Agent and the
Lenders, subject to the terms and conditions contained herein, have agreed to
such amendment, to be effective as of the date hereof; and

      WHEREAS, the Borrowers, the Administrative Agent and the Lenders
acknowledge that the terms of this Amendment Agreement constitute an amendment
and modification of, and not a novation of, the Credit Agreement;

      NOW, THEREFORE, in consideration of the mutual covenants and the
fulfillment of the conditions set forth herein, the parties hereby agree as
follows:

      1. Definitions. The term "Credit Agreement" or "Agreement" (as the case
may be) as used herein, in the Credit Agreement and in the other Loan Documents
shall mean the Credit Agreement as hereby amended and modified, and as further
amended, modified replaced or supplemented from time to time as permitted
thereby.

      2. Amendments to and Restatements of Terms of the Credit Agreement.
Subject to the conditions hereof and upon satisfaction of the terms set forth in
Section 6, the Credit Agreement is hereby amended, effective as of the date
hereof, as follows:

            (a) THE DEFINITION OF "OFFSHORE CURRENCY SUBLIMIT" IN SECTION 1.01
      OF THE CREDIT AGREEMENT IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY AS
      FOLLOWS:

<PAGE>

                  "Offshore Currency Sublimit" means an amount equal to the
            lesser of (a) the combined Revolving Loan Commitments and (b)
            $125,000,000. The Offshore Currency Sublimit is a part of, and not
            in addition to, the Revolving Loan Commitments.

            (b) THE FINANCIAL COVENANT IN SECTION 7.14(A) OF THE CREDIT
      AGREEMENT IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY AS FOLLOWS:

                  (a) Leverage Ratio. Permit the Leverage Ratio at any time to
            be greater than (i) from the Effective Date through and including
            September 30, 2004, 3.50 to 1.00; (ii) from October 1, 2004 through
            and including June 29 2005, 3.75 to 1.00; (iii) from June 30, 2005
            through and including March 30, 2006, 3.50 to 1.00; and (iv) from
            March 31, 2006 and continuing thereafter, 3.25 to 1.00.

      3. Waiver. Effective as of the date hereof, the Administrative Agent and
the Lenders hereby waive, solely in connection with the Acquisition of
Crisal-Cristalaria Automatica, S.A., the requirement pursuant to Section
7.02(i)(iii) of the Credit Agreement that the US Borrower provide the
Administrative Agent and the Lenders with a certificate at least five days prior
to the consummation of such Acquisition evidencing that, after giving effect to
such Acquisition, the US Borrower is in compliance with Section 7.14(a) and (b)
(as determined on a Pro Forma Basis as of the last day of the preceding fiscal
quarter). This waiver shall be a one-time waiver and shall in no way serve to
waive any obligations of the Borrowers other than as expressly set forth above.

      4. Full Force and Effect of Agreement. Except as hereby specifically
amended, modified or supplemented, each Borrower hereby acknowledges and agrees
that the Credit Agreement and all of the other Loan Documents are hereby
confirmed and ratified in all respects and shall remain in full force and effect
according to their respective terms.

      5. Representations and Warranties. The US Borrower hereby certifies that
after giving effect to this Amendment Agreement:

            (a) The representations and warranties of the US Borrower contained
      in Article V of the Credit Agreement, or which are contained in any
      document furnished at any time under or in connection with the Credit
      Agreement, that are qualified by materiality are true and correct on and
      as of the date hereof, and each of the representations and warranties of
      the US Borrower contained in Article V of the Credit Agreement, or which
      are contained in any document furnished at any time under or in connection
      with the Credit Agreement, that are not qualified by materiality are true
      and correct in all material respects on and as of the date hereof, except
      to the extent that such representations and warranties specifically refer
      to an earlier date, in which case they are true and correct, or true and
      correct in all material respects, as the case may be, as of such earlier
      date;

                                     - 2 -

<PAGE>

            (b) Each Borrower has the power and authority to execute and perform
      this Amendment Agreement and has taken all action required for the lawful
      execution, delivery and performance thereof; and

            (c) No Default or Event of Default exists.

      6. Conditions to Effectiveness. This Amendment Agreement shall not be
effective until the Administrative Agent has received to its reasonable
satisfaction each of the following:

            (a) four (4) counterparts of this Amendment Agreement executed by
      the Borrowers, the Administrative Agent and the Required Lenders;

            (b) payment of (i) all reasonable out of pocket fees and expenses of
      counsel to the Administrative Agent incurred in connection with the
      execution and delivery of this Amendment Agreement to the extent invoiced
      prior to the date hereof; (ii) an upfront fee to each Lender executing
      this Amendment by 5:00 p.m. (New York, New York time) on December 17,
      2004, such upfront fee for each such Lender's own account, equal to five
      basis points (5 "bps") multiplied by each such Lender's pro-rata portion
      of the Commitments immediately prior to the effective date of this
      Amendment Agreement; and (iii) all other fees agreed to be paid;

            (c) an executed copy of an amendment to the US Borrower's note
      purchase agreement and the related guaranty agreement by Libbey Inc., each
      dated as of March 31, 2003 and entered into with institutional investors
      covering the issuance of the US Borrower's senior notes maturing on March
      31, 2008, March 31, 2010 and March 31, 2013, in form and substance
      satisfactory to the Administrative Agent; and

            (d) such other documents, instruments and certificates as reasonably
      requested by the Agent.

      Upon the satisfaction of the conditions set forth in this Section 6, the
Amendment Agreement shall be effective as of the date hereof.

      7. Counterparts. This Amendment Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

      8. Governing Law. This Agreement shall in all respects be governed by, and
construed in accordance with, the laws of the State of New York.

      9. Enforceability. Should any one or more of the provisions of this
Amendment Agreement be determined to be illegal or unenforceable as to one or
more of the parties hereto, all other provisions nevertheless shall remain
effective and binding on the parties hereto.

      10. No Novation. This Amendment Agreement is given as an amendment and
modification of, and not as a payment of, the Obligations of each Borrower under
the Credit Agreement and is not intended to constitute a novation of the Credit
Agreement. All of the

                                     - 3 -

<PAGE>

indebtedness, liabilities and obligations owing by each Borrower under the
Credit Agreement shall continue.

      11. Successors and Assigns. This Amendment Agreement shall be binding upon
and inure to the benefit of each of the Borrowers, the Lenders and the
Administrative Agent and their respective successors, assigns and legal
representatives; provided, however, that the Borrowers, without the prior
consent of the Administrative Agent, may not assign any rights, powers, duties
or obligations hereunder.

      12. Expenses. Without limiting the provisions of Section 10.04 of the
Credit Agreement, the Borrowers agree to pay all reasonable out of pocket costs
and expenses (including without limitation reasonable legal fees and expenses)
incurred before or after the date hereof by the Administrative Agent and its
Affiliates in connection with the preparation, negotiation, execution, delivery
and administration of this Amendment Agreement.

                            [SIGNATURE PAGES FOLLOW.]

                                     - 4 -

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1
and Waiver to Credit Agreement to be duly executed by their duly authorized
officers, all as of the day and year first above written.

                                     BORROWERS:

                                     LIBBEY GLASS INC.

                                     By: /s/ Kenneth A. Boerger
                                         ------------------------
                                     Name: Kenneth A. Boerger
                                     Title:  Vice President and Treasurer

                                     LIBBEY EUROPE B.V.

                                     By: /s/ Kenneth G. Wilkes
                                         ------------------------
                                     Name: Kenneth G. Wilkes
                                     Title: Director

                                     By : ________________________
                                     Name: _______________________
                                     Title: ______________________

                                 Signature Page

                                     - 1 -

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1
and Waiver to Credit Agreement to be duly executed by their duly authorized
officers, all as of the day and year first above written.

                                     BORROWERS:

                                     LIBBEY GLASS INC.

                                     By: ___________________________
                                     Name: _________________________
                                     Title: ________________________

                                     LIBBEY EUROPE B.V.

                                     By: ___________________________
                                     Name: _________________________
                                     Title: ________________________

                                     By : /s/ P. T. Buch
                                          --------------------------
                                     Name: P. T. BUCH
                                     Title: Managing Director

                                 Signature Page

                                     - 1 -

<PAGE>

                                     BANK OF AMERICA, N.A., as Administrative
                                     Agent

                                     By: /s/ Cayce McCain
                                         ----------------
                                     Name: Cayce McCain
                                     Title: Assistant Vice President

                                 Signature Page

                                     - 2 -

<PAGE>

                                     BANK OF AMERICA, N.A., as a Lender, Swing
                                     Line Lender and an L/C Issuer

                                     By: /s/ Thomas R. Durham
                                         --------------------
                                     Name: Thomas R. Durham
                                     Title: Senior Vice President

                                 Signature Page

                                     - 3 -

<PAGE>

                                     THE BANK OF NEW YORK, as a Lender

                                     By: /s/ Kenneth R. McDonnell
                                         ------------------------
                                     Name: Kenneth R. McDonnell
                                     Title: Vice President.

                                 Signature Page

                                     - 4 -

<PAGE>

                                     THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                     CHICAGO BRANCH, AS A LENDER

                                     By: /s/ Shinichiro Munechika
                                         ------------------------
                                     Name: Shinichiro Munechika
                                     Title: Deputy General Manager

                                 Signature Page

                                     - 5 -

<PAGE>

                                     PNC BANK NATIONAL ASSOCIATION, as a
                                     Lender

                                     By: /s/ Louis K. McLinden
                                         ---------------------
                                     Name: Louis K. McLinden
                                     Title: Vice President

                                 Signature Page

                                     - 6 -

<PAGE>

                                     THE BANK OF NOVA SCOTIA, as a Lender

                                     By:   /s/ N. Bell
                                           -----------------------
                                     Name:  N. BELL.
                                     Title: Senior Manager

                                 Signature Page

                                     - 7 -

<PAGE>

                                     CITIZENS BANK OF PENNSYLVANIA, as a
                                     Lender

                                     By: /s/ Clifford A. Mull
                                         --------------------
                                     Name: Clifford A. Mull
                                     Title: Vice President

                                 Signature Page

                                     - 8 -

<PAGE>

                                     CREDIT INDUSTRIEL ET COMMERCIAL, as
                                     a Lender

                                     By: /s/ Eric Dulot
                                         --------------
                                     Name: Eric Dulot
                                     Title: Vice President

                                     BY: /s/ Albert M. Calo
                                         ------------------
                                     Name: Albert M. Calo
                                     Title: Vice President

                                 Signature Page

                                     - 9 -

<PAGE>

                                     CALYON NEW YORK BRANCH, as a Lender

                                     By: /s/ LEE E. Greve
                                         ----------------
                                     Name: LEE E. GREVE
                                     TITLE: MANAGING DIRECTOR

                                     By: /s/ Joseph A. Philbin
                                         ---------------------
                                     Name: JOSEPH A. PHILBIN
                                     Title: Director

                                 Signature Page

                                     - 10 -

<PAGE>

                                     FIFTH THIRD BANK, as a Lender

                                     By: /s/ Michael R. Miller
                                         ---------------------
                                     Name: Michael R. Miller
                                     Title: Executive Vice President

                                 Signature Page

                                     - 11 -

<PAGE>

                                     JPMORGAN CHASE BANK, as a Lender

                                     By: /s/ Steven P. Sullivan
                                         ----------------------
                                     Name: Steven P. Sullivan
                                     Title: Director

                                 Signature Page

                                     - 12 -

<PAGE>

                                     NATIONAL CITY BANK, as a Lender

                                     By: /s/ Thomas E. Redmond
                                         ---------------------
                                     Name: Thomas E. Redmond
                                     Title: Senior Vice President

                                 Signature Page

                                     - 13 -

<PAGE>

                                     THE NORTHERN TRUST COMPANY,  as a
                                     Lender

                                     By: /s/ Ashish S. Bhagwat
                                         ---------------------
                                     Name: Ashish S. Bhagwat
                                     Title: Vice-President

                                 Signature Page

                                     - 14 -

<PAGE>

                                     STANDARD FEDERAL BANK N.A., as a
                                     Lender

                                     By: /s/ Chris Thomson
                                         -----------------
                                     Name: Chris Thomson
                                     Title: V.P.

                                 Signature Page

                                     - 15 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]