Document:

<PAGE>

                                                                     Exhibit 10P

                                AMENDMENT TO THE
                             MYERS INDUSTRIES, INC.
                     EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN
                                (KEVIN C. O'NEIL)

     Amendment to the Myers Industries, Inc. Executive Supplemental Retirement
Plan (the "Plan"), effective as of August 21, 2005 (the "Amendment Effective
Date"), by and between Myers Industries, Inc. (the "Employer") and Kevin C.
O'Neil (the "Executive").

                                   WITNESSETH:

     WHEREAS, the Employer established the Plan, effective January 1, 1997; and

     WHEREAS, the Executive is a Participant (as defined in the Plan) in the
Plan;

     WHEREAS, pursuant to Section 10.7 of the Plan, the Employer may amend or
modify any provision of the Plan as to any particular Participant (as defined in
the Plan) by agreement with such Participant, provided that such agreement is in
writing, is executed by both the Employer and the Participant, and is filed with
the Plan records;

     WHEREAS, the Employer wants to amend certain provisions of the Plan as to
the Executive; and

     WHEREAS, this Amendment shall apply only to the Executive and shall not
apply to any other Participants;

     NOW, THEREFORE, the Plan is hereby amended as to the Executive as follows:

     1. Section 2.4 of the Plan shall be deleted in its entirety and the
following shall be substituted therefor:

          "Section 2.4 The term 'Benefit Amount' shall mean $50,000.
          Notwithstanding the foregoing, the Committee may, at any time and from
          time to time, in its sole discretion, revise the Benefit Amount;
          provided, however, that the Benefit Amount may not be reduced without
          the Participant's written consent."

     2. Section 2.6 of the Plan shall be deleted in its entirety and the
following shall be substituted therefor:

          "Section 2.6 The term 'Cause' shall mean 'cause' as defined in the
          Employment Agreement, dated as of August 21, 2005, by and between the
          Employer and the Participant (such employment agreement and any
          subsequent amendments thereto are hereinafter referred to as the
          `Employment Agreement')."

<PAGE>

     3. Section 2.7 of the Plan shall be deleted in its entirety and the
following shall be substituted therefor:

          "Section 2.7 The term 'Change in Control' shall mean `change in
          control' as defined in the Employment Agreement."

     4. Section 2.11 of the Plan shall be deleted in its entirety and the
following shall be substituted therefor:

          "Section 2.11 The term 'Early Retirement Date' shall mean the date of
          the Participant's retirement during the period commencing on the first
          day of the month coincident with or immediately following the date as
          of which the Participant has attained age fifty-five (55)."

     5. Section 2.14 of the Plan shall be deleted in its entirety and the
following shall be substituted therefor:

          "Section 2.14 The term 'Good Reason' shall mean 'good reason' as
          defined in the Employment Agreement."

     6. Section 2.22 of the Plan shall be amended, in part, by deleting the
first sentence thereof and adding the following sentences in substitution
therefor:

          "A 'Year of Service' shall mean a Plan Year commencing with the
          calendar year beginning on the Effective Date, provided that the
          Participant is employed by the Employer as a full-time employee on at
          least one day during such Plan Year. Notwithstanding anything in the
          Plan to the contrary, for purposes of determining the Participant's
          Supplemental Vested Pension under Section 4.4, the Participant shall
          be deemed to have (a) six Years of Service as of the Amendment
          Effective Date, (b) eight Years of Service as of January 1, 2006 and
          (c) ten Years of Service as of January 1, 2007."

     7. Section 4.4 of the Plan shall be amended, in part, by deleting the first
paragraph thereof and adding the following in substitution therefor:

          "Subject to the provisions of Article XI, if, prior to the
          Participant's Normal or Early Retirement Dates, the Participant's
          employment with the Employer is terminated (a) by the Employer other
          than for Cause, (b) by the Participant for Good Reason, or (c) in the
          event of a Change in Control, by the Participant at any time within
          the 18 months following the Change in Control, the Participant shall
          be entitled to receive a Supplemental Vested Pension equal to
          one-twelfth (1/12th) of the Benefit Amount multiplied by the
          percentage determined from the following table based upon his Years of
          Service as of the date of termination of his employment:"

<PAGE>

     8. Section 4.5 of the Plan shall be deleted in its entirety and the
following shall be substituted therefor:

          "The Participant shall not be entitled to receive any Supplemental
          Pension under this Plan if (a) the Employer terminates the
          Participant's employment for Cause or (b) the Participant terminates
          his employment with the Employer prior to the date that he is eligible
          to elect Early Retirement, unless the Participant terminates his
          employment (i) for Good Reason or (ii) in the event of a Change in
          Control, at any time within the 18 months following the Change in
          Control."

     9. New Sections 10.13 and 10.14 shall be added to the Plan as follows:

          "Section 10.13 Notwithstanding anything in this Plan to the contrary,
          the Employer shall have the right, subject to the Participant's
          consent (which shall not be unreasonably withheld), to amend the Plan
          without any additional consideration to the affected Participant to
          the extent necessary to avoid penalties arising under Section 409A of
          the Internal Revenue Code of 1986, as amended (the "Code"), even if
          the amendments reduce, restrict or eliminate the benefits or rights of
          the Participant or his Beneficiary under the Plan. Any amendment under
          this Section 10.13 shall otherwise be consistent with the intent of
          this Plan.

          Section 10.14 The Employer agrees that it shall not knowingly or
          negligently take an action or fail to take an action that causes the
          Participant to incur any excise tax under Code Section 409A and that,
          if it does, the Employer shall reimburse the Participant in the amount
          of the excise tax and will fully gross up the Participant for the
          federal, state and local income, employment, wage and excise taxes
          (including any additional excise taxes under Code Section 409A)
          associated with that reimbursement."

     IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Amendment as of the date first written above.

                                        Myers Industries, Inc.

                                        By: /s/ John C. Orr
                                            ------------------------------------
                                            John C. Orr, President and
                                            Chief Executive Officer

                                        Executive

                                        /s/ Kevin C. O'Neil
                                        ----------------------------------------
                                        Kevin C. O'Neil<PAGE>

                                                                   EXHIBIT 10(W)

 MYERS INDUSTRIES, INC. NON-EMPLOYEE BOARD OF DIRECTORS COMPENSATION ARRANGEMENT

     The annual retainer for Myers Industries, Inc. ("Company") non-employee
Board members is $25,000, except for the Audit Committee chair, who receives an
annual retainer of $30,000. In addition, Board members receive a meeting fee of
$1,500 for each scheduled Board, Committee or board dinner meeting which they
attend, except that Committee chairs receive $2,000 for each meeting of their
Committee. Board members who are not appointed members of a Committee, are paid
a meeting fee if they attend the meeting at the request of the chair of the
Committee. Board members are reimbursed for their reasonable out of pocket
expenses related to attending Board and Committee meetings.

     Board members who are employees of Myers Industries, Inc. do not receive
either the retainer nor the meeting fees.

     Under the Company's 1999 Stock Option Plan, each non-employee director who
held such position on the day before the Annual Shareholder Meeting, is awarded
annually on the day of the meeting, a non-qualified stock option to purchase
2,500 shares of the Company's common stock. The option price per share is 100
percent of the fair market value (being the closing price on the NYSE on the day
of grant) of a share of Common Stock.

     The Company's Code of Regulations provide that the Company will indemnify,
to the full extent then permitted by law, any director or former director of the
Company who was or is a party or is threatened to be made a party to any matter,
whether civil or criminal, by reason of the fact that the individual is or was a
director of the Company, or serving at the request of the Company of another
entity. The Company has entered into indemnity agreements with each of its
directors contractually obligating the Company to provide such protection. The
Company also currently has in effect director and officer insurance coverage.<PAGE>
                                                                   Exhibit 10.71

                 AMENDMENT NO. 3 AND WAIVER TO CREDIT AGREEMENT

     THIS AMENDMENT NO. 3 AND WAIVER TO CREDIT AGREEMENT (this "Amendment
Agreement") is made and entered into as of December 29, 2005, 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.

                                   WITNESSETH:

     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 amended by Amendment
No. 1 and Waiver to Credit Agreement dated as of December 21, 2004 and by
Amendment No. 2 and Waiver to Credit Agreement dated as of September 30, 2005
("Amendment No. 2"), and 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 US Borrower would have been in default of the financial
covenant set forth in Section 7.14(a) of the Credit Agreement commencing as of
September 30, 2005 which default was waived by Amendment No. 2; and

     WHEREAS, the Borrowers have requested that certain terms of the Credit
Agreement be amended in the manner set forth herein, that the Aggregate
Commitments be reduced to $195,000,000, and that the financial covenant default
described above continue to be waived effective as of the date hereof, and for a
period from the date hereof through and including January 2, 2007, and the
Administrative Agent and the Lenders, subject to the terms and conditions
contained herein, have agreed to such amendment and waiver, 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

<PAGE>

Agreement as hereby amended and modified, and as further amended, restated,
modified, replaced or supplemented from time to time as permitted thereby.

     2. Amendments to, Additions of, and Restatements of Terms of the Credit
Agreement. Subject to the conditions hereof and upon satisfaction of the terms
set forth in Section 7, the Credit Agreement is hereby amended, effective as of
the date hereof, as follows:

          (A) SECTION 1.01 OF THE CREDIT AGREEMENT IS HEREBY AMENDED BY ADDING
     THE FOLLOWING DEFINITIONS, IN ALPHABETICAL ORDER, TO READ AS FOLLOWS:

               "Cash Management Obligations" means, with respect to any Lender,
          any obligations owed to such Lender by the US Borrower or any of its
          Subsidiaries which arise as a direct result of the deposit, collection
          and other cash management, treasury or deposit services provided by
          such Lender to the US Borrower or any such Subsidiary, including
          without limitation all of the obligations of the US Borrower or any of
          its Subsidiaries to such Lender for overdrafts, for returned checks
          and other returned items and for credit extended under, or as a result
          of, cash management, treasury and deposit agreements.

               "Collateral" has the meaning specified in Section 6.16 of this
          Agreement.

               "Collateral Agent" means Bank of America, in its capacity as
          collateral agent for the Secured Parties, or any permitted successor
          collateral agent.

               "Equity Interests" means, with respect to any Person, all of the
          shares of capital stock of (or other ownership or profit interests in)
          such Person, all of the warrants, options or other rights for the
          purchase or acquisition from such Person of shares of capital stock of
          (or other ownership or profit interests in) such Person, all of the
          securities convertible into or exchangeable for shares of capital
          stock of (or other ownership or profit interests in) such Person or
          warrants, rights or options for the purchase or acquisition from such
          Person of such shares (or such other interests), and all of the other
          ownership or profit interests in such Person (including partnership,
          member or trust interests therein), whether voting or nonvoting, and
          whether or not such shares, warrants, options, rights or other
          interests are outstanding on any date of determination.

               "Intercreditor Agreement" means that certain Intercreditor and
          Collateral Agency Agreement to be executed among the Administrative
          Agent, the Lenders party hereto, the Collateral Agent, the
          Noteholders, and the Victrocrisa Lenders and consented and agreed by
          each Borrower and the other Loan Parties, as the same may be amended,
          modified, restated, supplemented or replaced from time to time.

               "Mortgage" means any mortgage, deed of trust, deed to secure, or
          similar instrument under which a Lien may be granted against real
          property, duly executed by Holdings, the US Borrower or one of the
          Guarantors covering the Real Property, appropriately conformed to the
          particular requirements of each

                                       -2-

<PAGE>

          applicable jurisdiction where such Real Property is located and in
          form and substance reasonably satisfactory to the Administrative
          Agent.

               "Note Purchase Agreement" means that certain Note Purchase
          Agreement dated as of March 31, 2003, by and among the US Borrower and
          the Noteholders, pursuant to which the Noteholders purchased the
          Senior Secured Notes, as may be amended, restated, supplemented,
          modified, or replaced from time to time.

               "Noteholders" means, collectively, each of the purchasers party
          to the Note Purchase Agreement, including their permitted successors
          and assigns.

               "Pledged Foreign Subsidiary" means each, and "Pledged Foreign
          Subsidiaries" means all, Subsidiaries of the US Borrower that are
          owned directly by the US Borrower or a Guarantor which are organized
          under the laws of a jurisdiction other than the United States of
          America or any state or commonwealth thereof.

               "Real Property" means the real property located in the United
          States and owned by Holdings, the US Borrower or the Guarantors, as
          described on Schedule 1.01 (a).

               "Secured Obligations" means all advances to, and debts,
          liabilities, obligations, covenants and duties of, any Loan Party
          arising under any Loan Document or otherwise with respect to (a) the
          Obligations, (b) any Revolving Loan or Letter of Credit, (c) any Swap
          Contract of the US Borrower or any Subsidiary to which a Lender or an
          Affiliate of a Lender is a party, provided such Lender was a party to
          this Agreement at the time such Swap Contract was entered into or (d)
          Cash Management Obligations, in each case whether direct or indirect
          (including those acquired by assumption), absolute or contingent, due
          or to become due, now existing or hereafter arising and including
          interest and fees that accrue with respect to the foregoing after the
          commencement by or against any Loan Party or any Affiliate thereof of
          any proceeding under any Debtor Relief Laws naming such Person as the
          debtor in such proceeding, regardless of whether such interest and
          fees are allowed claims in such proceeding; provided, however, that
          the maximum amount of the Swap Contracts under clause (c) and Cash
          Management Obligations under clause (d) that are considered "Secured
          Obligations" shall be governed by the Intercreditor Agreement.

               "Secured Party" means each of, and "Secured Parties" means all
          of, (a) the Collateral Agent, (b) the Administrative Agent, (c) the
          Lenders, (d) any Affiliate of a Lender that has Cash Management
          Obligations or that is a party to a Swap Contract with the US Borrower
          or any Subsidiary, provided such Lender was a party to this Agreement
          at the time such Cash Management Obligations were incurred or such
          Swap Contract was entered into, (e) the Swing Line Lender, (f) the
          Noteholders, (g) the Victrocrisa Lenders, and (h) each financial
          institution or other entity that hereafter becomes a "Secured Party"
          for purposes of the Intercreditor Agreement; provided that each party
          shall be a Secured Party only to

                                       -3-

<PAGE>

          the extent set forth in and subject to the limitations set forth in
          the Intercreditor Agreement.

               "Security Agreement" means the Security Agreement to be executed
          by Holdings, the US Borrower and the Guarantors in favor of Collateral
          Agent for the benefit of the Secured Parties, in form and substance
          reasonably acceptable to the Administrative Agent, as the same may be
          amended, supplemented, restated, replaced, or modified from time to
          time.

               "Security Documents" means, collectively, any security agreement,
          including without limitation the Security Agreement, any pledge
          agreement, any mortgage or deed of trust including without limitation
          the Mortgages, any assignment and endorsement of insurance, or any
          other agreement, joinder, ratification, or document, together with all
          related financing statements and stock powers, executed and delivered
          in connection with this Agreement to create a Lien on any real or
          personal property in favor of Collateral Agent for the benefit of the
          Secured Parties, as the same may be amended, supplemented, replaced,
          modified and restated from time to time.

               "Senior Secured Notes" means, collectively, (a) $25,000,000 in
          3.69% Senior Notes, Series 2003A-1, due on March 31, 2008, (b)
          $55,000,000 in 5.08% Senior Notes, Series 2003A-2, due on March 31,
          2013, and (c) $20,000,000 Floating Rate Senior Notes, Series 2003B,
          due on March 31, 2010.

               "Victrocrisa Credit Agreement" means that certain Credit
          Agreement dated as of April 2, 2004, by and among Victrocrisa
          Comercial, S. de R.L. de C.V., a corporation organized and existing
          under the laws of Mexico, Victrocrisa, S. de R.L. de C.V., a
          corporation organized and existing under the laws of Mexico, the
          lenders and agents party thereto, as may be amended, restated,
          supplemented, modified or replaced from time to time.

               "Victrocrisa Lenders" means, collectively, each of the Tranche B
          Lenders (as defined on the Victrocrisa Credit Agreement) party to the
          Victrocrisa Credit Agreement, including their permitted successors and
          assigns.

          (B) SECTION 1.01 OF THE CREDIT AGREEMENT IS HEREBY AMENDED TO RESTATE
     EACH OF THE FOLLOWING IN THEIR ENTIRETY TO READ AS FOLLOWS:

               "Applicable Rate" means the following basis points per annum,
          based upon the Leverage Ratio as set forth in the most recent
          Compliance Certificate received by the Administrative Agent pursuant
          to Section 6.02(b):

                                 Applicable Rate

                                       -4-

<PAGE>

<TABLE>
<CAPTION>
                                       APPLICABLE RATE FOR
                                     EURODOLLAR RATE LOANS,   APPLICABLE     APPLICABLE
                                        OFFSHORE CURRENCY      RATE FOR       RATE FOR
PRICING      LEVERAGE     FACILITY    RATE LOANS AND LETTER    BASE RATE     SWINGLINE
 LEVEL        RATIO          FEE          OF CREDIT FEE          LOANS     LOANS IN EURO
-------   -------------   --------   ----------------------   ----------   -------------
<S>       <C>             <C>        <C>                      <C>          <C>
   1      Less than or      15.0               60.0              -40.0         110.0
          equal to 1.75
          to 1.00

   2      Less than or      20.0               80.0              -20.0         130.0
          equal to 2.25
          to 1.00 but
          greater than
          1.75 to 1.00

   3      Less than or      25.0              100.0                0.0         150.0
          equal to 2.75
          to 1.00 but
          greater than
          2.25 to 1.00

   4      Less than or      30.0              120.0               20.0         170.0
          equal to 3.25
          to 1.00 but
          greater than
          2.75 to 1.00

   5      Less than or      40.0              135.0               35.0         185.0
          equal to 3.75
          to 1.00 but
          greater than
          3.25 to 1.00

   6      Less than or      50.0              175.0               75.0         225.0
          equal to 4.25
          to 1.00 but
          greater than
          3.75 to 1.00

   7      Greater than      50.0              225.0              125.0         275.0
          4.25 to 1.00
</TABLE>

               Any increase or decrease in the Applicable Rate resulting from a
          change in the Leverage Ratio shall become effective as of the fifth
          Business Day immediately following the date a Compliance Certificate
          is delivered pursuant to Section 6.02(b); provided, however, that if
          no Compliance Certificate is delivered with respect to a fiscal
          quarter on or prior to the date when due in accordance with such
          Section, then, until such time as the applicable Compliance
          Certificate is delivered, with respect to the Facility Fee, Revolving
          Loans and Offshore Currency Loans, Pricing Level 7 as set forth in the
          table above shall apply as of the fifth Business Day after the
          Administrative Agent gives the US Borrower

                                       -5-

<PAGE>

          notice that it has not received such certificate by the due date.
          Until adjusted as provided above, the Applicable Rate shall be at the
          Pricing Level 6.

               "Available Amount" means an amount equal to the lesser of (a)
          $195,000,000 and (b) the Aggregate Commitments.

               "Loan Documents" means this Agreement, the Security Documents
          (once entered into), the Intercreditor Agreement (once entered into),
          each Note, the Fee Letter, each Request for Credit Extension, each
          Compliance Certificate and the Guaranties, including all amendments,
          restatements, replacements, modifications, increases, extensions,
          ratifications, joinders, and supplements to the foregoing.

               "Maximum Non-Loan Party Investment Amount" means an aggregate
          amount not to exceed (a) $40,000,000 or (b) $125,000,000 if at the
          time of such Investment or Disposition, the Leverage Ratio is less
          than 2.25 to 1.00 (it being understood that Investments permitted by
          this clause (b) shall not cease to be allowed by virtue of changes in
          the Leverage Ratio subsequent to the time of such Investment or
          Disposition), plus, in the case of either clause (a) or (b), an amount
          (the "Incremental Amount") equal to any cash dividends, other cash
          returns and the fair market value of other distributions received
          after the date hereof with respect to the Investment described in
          Section 7.02(n) (such Incremental Amount not to exceed the initial
          amount of such Investment).

          (C) SECTION 2.10(C) IS HEREBY ADDED TO THE CREDIT AGREEMENT TO READ AS
     FOLLOWS:

               (c) Additional Fee. To the extent the Obligations shall not have
          been paid in full on or prior to May 31, 2006, on June 1, 2006, the US
          Borrower shall pay to each Lender an amount equal to 25 basis points
          on the amount of the Aggregate Commitments held by such Lender on such
          date.

          (D) SECTIONS 6.16 THROUGH 6.20 ARE HEREBY ADDED TO THE CREDIT
     AGREEMENT TO READ AS FOLLOWS:

               6.16 Collateral. To secure full and complete payment and
          performance of the Secured Obligations, execute and deliver or cause
          to be executed and delivered the documents described below covering
          the property and collateral described in this Section 6.16 (which,
          together with any other property and collateral which may now or
          hereafter secure the Secured Obligations or any part thereof, is
          sometimes herein called the "Collateral") as follows:

                    (a) On or before January 31, 2006, the US Borrower will, and
               will cause each of the Guarantors to, grant to Collateral Agent,
               for the benefit of the Secured Parties, a first priority security
               interest in substantially all of its personal property, including
               but not limited to, accounts, chattel paper, instruments,
               documents, books, records, inventory, machinery, equipment,
               trademarks, patents, copyrights, other

                                       -6-

<PAGE>

               intellectual property, payment intangibles, other general
               intangibles, commercial tort claims, Equity Interests in its
               Subsidiaries (provided that not more than 65% of the Equity
               Interests of any Pledged Foreign Subsidiary shall be required to
               be subject to such security interest except as otherwise provided
               in the Security Agreement), other investment property and other
               personal property described in the Security Agreement, whether
               now owned or hereafter acquired, and all products and cash and
               noncash proceeds thereof, pursuant to the Security Agreement and
               the Security Documents, which shall be in form and substance
               reasonably satisfactory to the Administrative Agent.

                    (b) On or before January 31, 2006, the US Borrower will, and
               will cause each Guarantor to deliver to the Administrative Agent
               certificates of insurance and endorsements to insurance policies
               naming the Collateral Agent as loss payee/mortgagee and/or
               additional insured, as applicable, with respect to all Collateral
               or if otherwise available, and as may be required by Section 6.07
               and the Security Documents.

                    (c) On or before January 31, 2006, the US Borrower will, and
               will cause each Guarantor, to deliver to the Administrative Agent
               counterparts of a fully executed Intercreditor Agreement.

                    (d) On or before March 31, 2006, the US Borrower will, and
               will cause each Guarantor to, grant to Collateral Agent, for the
               benefit of the Secured Parties, a first priority security
               interest in all of its Real Property pursuant to the Mortgages
               and other Security Documents related to the Mortgages and the
               Real Property, to include, without limitation, loan or mortgagee
               title commitments, flood certificates, and tax affidavits,
               together with payment of all related taxes and fees, all of which
               shall be in form and substance reasonably satisfactory to the
               Administrative Agent.

                    (e) To the extent that the real property located at Dane,
               Wisconsin, owned in connection with Traex Company has not been
               sold on or before June 30, 2006, the US Borrower will, and will
               cause any applicable Guarantor, to grant a lien in such real
               property in the manner contemplated by Section 6.16(d) on or
               prior to July 15, 2006.

                    (f) On or before January 31, 2006, certificates of
               resolutions or other action, incumbency certificates and/or other
               certificates of Responsible Officers of each Loan Party, all in
               form and substance reasonably satisfactory to the Administrative
               Agent, which establish the identity and verify the authority and
               capacity of each Responsible Officer thereof authorized to act as
               a Responsible Officer in connection with this Amendment Agreement
               and the other Loan Documents to which such Loan Party is a party.

                                       -7-

<PAGE>

                    (g) On January 31, 2006, the US Borrower shall cause special
               counsel to the US Borrower to deliver to the Administrative Agent
               an opinion of counsel (which shall be in customary form) with
               respect to the Security Documents executed and delivered on or
               prior to January 31, 2006, together with such board resolutions,
               officer's certificates, corporate and other documents and
               opinions of counsel relative to such Security Documents as the
               Administrative Agent shall reasonably request. Upon the earlier
               of (x) May 31, 2006 or (y) as soon as practicable (but in no
               event more than thirty days) after the occurrence of an Event of
               Default, the US Borrower shall deliver to the Administrative
               Agent an opinion of counsel in the applicable foreign
               jurisdiction (which shall be in customary form) with respect to
               the Security Documents executed and delivered on or prior to such
               date which pertain to the Pledged Foreign Subsidiaries.

                    (h) The US Borrower will, and will cause each of the
               Guarantors to execute and deliver and cause to be executed and
               delivered such further documents and instruments as
               Administrative Agent reasonably deems necessary or desirable to
               evidence and perfect its Liens in the Collateral as set forth in
               the Security Agreement.

               6.17 Additional Subsidiaries.

                    (a) At any time following January 31, 2006, within ten days
               after the time that any Person becomes a Domestic Subsidiary as a
               result of the creation of such Subsidiary, an Acquisition
               permitted by Article VII or otherwise, (i) if such Domestic
               Subsidiary is a Restricted Material Subsidiary, it shall become a
               party to the Security Agreement to secure the Secured
               Obligations, pursuant to joinder agreements in form and substance
               satisfactory to the Administrative Agent, (ii) 100% of such
               Subsidiary's Equity Interests shall be pledged to secure the
               Secured Obligations, and (iii) the Lenders shall receive such
               board resolutions, officer's certificates, corporate and other
               documents and opinions of counsel as the Administrative Agent
               shall reasonably request in connection with the actions described
               in clauses (i) and (ii) above.

                    (b) Within thirty days after the time that any Person
               becomes a Pledged Foreign Subsidiary as a result of the creation
               of such Subsidiary, an Acquisition permitted by Article VII or
               otherwise, (i) 65% of such Subsidiary's Equity Interests shall be
               pledged to secure the Secured Obligations. Subject to the
               limitations set forth in Section 6.16(g), the opinions and
               certificates required by Section 6.16(g) shall also be furnished
               to the Administrative Agent concurrently with such pledge.

               6.18 Cash Flow Forecasts. After May 31, 2006, the US Borrower
          shall deliver to the Administrative Agent on the second Business Day
          of each week a 13-week rolling cash flow forecast in form reasonably
          acceptable to the Administrative Agent.

                                      -8-

<PAGE>

               6.19 Status of Refinancing. During the last week of each month
          (beginning January, 2006) the US Borrower will hold a conference call
          during normal business hours with the Lenders to discuss the status of
          the US Borrower's efforts to refinance the Obligations.

               6.20 Financial Advisor. In the event that the Obligations have
          not been paid in full on or prior to May 31, 2006, counsel to the
          Administrative Agent shall engage a financial advisor selected by the
          Administrative Agent to perform a detailed review of the US Borrower's
          business plan, financial statements, projections and strategies, with
          such review to commence no later than June 9, 2006. No later than
          August 9, 2006, such financial advisor shall provide to the Lenders a
          written report setting forth the results of such review. Such
          financial advisor shall also provide such other financial advisory
          services relating to the business and financial condition of the Loan
          Parties and their Subsidiaries as shall be requested by the
          Administrative Agent and agreed between the Administrative Agent and
          such financial advisor. During the engagement of such financial
          advisor, the US Borrower shall provide the financial advisor with such
          financial and other information (to the extent that such information
          is reasonably available or can be reasonably obtained by the Loan
          Parties) regarding the US Borrower, its Subsidiaries and other Loan
          Parties, and investments as shall be reasonably requested by the
          financial advisor, including reasonable access to the books and
          records of the US Borrower, its Subsidiaries and the Loan Parties
          during normal business hours; provided that (i) in the case of
          commercially sensitive information (e.g. customer lists and channel of
          distribution information), no such information shall be furnished to
          the financial advisor unless the financial advisor shall have first
          agreed in writing with the US Borrower that only summaries created in
          consultation with the US Borrower of such information shall be
          distributed to the Lenders, (ii) no such financial and other
          information or access to books and records shall be furnished for
          stockholders of Holdings and (iii) such financial information and
          access to the books and records of other affiliates and investments
          shall be furnished only to the extent permitted by any such affiliate
          or the terms of any instrument pursuant to which any such investment
          has been made; provided further, that in the case of this clause (iii)
          the US Borrower shall use commercially reasonable efforts to ensure
          that such information can be furnished to the financial advisor.
          During the engagement of such financial advisor, which shall continue
          for so long as the Administrative Agent shall deem appropriate, the
          Administrative Agent shall request the financial advisor to use its
          best efforts to coordinate its work with the work of any financial
          advisor retained by the Noteholders under the Note Purchase Agreement
          to avoid redundant work product. All fees (in an amount not to exceed
          $150,000 per month) and expenses of the financial advisor retained
          pursuant to this Section 6.20 shall be paid by the US Borrower or
          other Loan Parties.

          (E) ARTICLE VII OF THE CREDIT AGREEMENT IS HEREBY AMENDED TO RESTATE
     THE INTRODUCTORY PARAGRAPH THERETO IN ITS ENTIRETY TO READ AS FOLLOWS:

                                       -9-

<PAGE>

          Commencing on the Effective Date, so long as any Lender shall have any
          Commitment hereunder, any Loan or other Obligation shall remain unpaid
          or unsatisfied, or any Letter of Credit shall remain outstanding, the
          US Borrower shall not, nor shall it permit any Restricted Subsidiary
          to, directly or indirectly, provided, however, that, notwithstanding
          anything permitted pursuant to this Article VII:

               (A) during the period from September 30, 2005 through and
               including January 2, 2007, the US Borrower shall not, nor shall
               it permit any Restricted Subsidiary to directly or indirectly
               create, incur or assume (i) additional Liens under Section
               7.01(j) or (ii) additional Liens under Section 7.01(q) hereof
               securing obligations in excess of $1,000,000; and provided
               further that no Liens shall be created, incurred or assumed under
               Section 7.01(q) if, at such time or after giving effect thereto,
               any Default or Event of Default shall have occurred and be
               continuing;

               (B) during the period from December 29, 2005 through and
               including January 2, 2007, the US Borrower shall not, nor shall
               it permit any Restricted Subsidiary to make any Investments under
               Section 7.02(c)(i) in excess of the aggregate amount of
               $3,000,000 at any time outstanding;

               (C) during the period from December 29, 2005 through and
               including January 2, 2007, the US Borrower shall not, nor shall
               it permit any Restricted Subsidiary to create, incur assume or
               permit additional Indebtedness (i) under Section 7.03(j) (ii)
               under Section 7.03(d) in excess of $10,000,000 in the aggregate
               at any one time outstanding or (iii) under Section 7.03(m) in
               excess of $1,000,000 in the aggregate at any one time
               outstanding;

               (D) during the period from December 29, 2005 through and
               including January 2, 2007, the US Borrower shall not, nor shall
               it permit any Restricted Subsidiary to (i) make any Dispositions
               under Section 7.05(d) in excess of $10,000,000 or (ii) make any
               additional Dispositions under Sections 7.05(f); and

               (E) during the period from December 29, 2005 through and
               including January 2, 2007, the US Borrower shall not, nor shall
               it permit any Restricted Subsidiary to create, incur, assume or
               permit any Contingent Obligations under Section 7.13(e) in excess
               of $25,000,000 at any time.

          (F) SECTION 7.01 (A) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

                                      -10-

<PAGE>

                    (a) Liens pursuant to any Loan Document or created pursuant
               to any Security Document.

          (G) SECTION 7.02(I) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (i) Investments incurred in order to consummate Acquisitions not
          otherwise prohibited herein, including the Investment incurred in
          order to consummate and finalize the Acquisition of Crisal-Cristalaria
          Automatica, S.A. and Vitrocrisa Holding S. de R.L. de C.V.; provided
          that (i) such Acquisitions are undertaken in accordance with all
          applicable Laws, (ii) the prior, effective written consent or approval
          to such Acquisition of the board of directors or equivalent governing
          body of the acquiree is obtained, (iii) the US Borrower provides 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), (iv) after
          giving effect to such Acquisition, the US Borrower and its Restricted
          Subsidiaries remain in compliance with Section 7.09. and (v) such
          Investments (not including the Acquisition of Crisal-Cristalaria
          Automatica, S.A. and Victrocrisa Holding S. de R.L. de C.V.) shall not
          exceed $5,000,000 in the aggregate over the term of this Agreement.

          (H) SECTION 7.03(E) IS HEREBY AMENDED TO DELETE THE REFERENCE TO THE
     DATE "DECEMBER 23, 2005" AND TO REPLACE IT WITH A REFERENCE TO THE DATE
     "JANUARY 2, 2007."

          (I) SECTION 7.03(H) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (h) Intercompany Indebtedness to the extent permitted by Section
          7.02; provided, however, that in the event of any subsequent issuance
          or transfer of any capital stock which results in the holder of such
          Indebtedness ceasing to be a Restricted Subsidiary or any subsequent
          transfer of such Indebtedness (other than to the US Borrower or any of
          its Restricted Subsidiaries) such Indebtedness shall be required to be
          permitted under another clause of this Section 7.03; provided further,
          however, that in the case of Intercompany Indebtedness consisting of a
          loan or advance to either Borrower, each such loan or advance shall be
          unsecured and shall be subordinated to the indefeasible payment in
          full of all of such Borrower's obligations pursuant to this Agreement
          and the other Loan Documents;

          (J) SECTION 7.05(M) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (m) other Dispositions of property not otherwise permitted
          hereunder; provided that (i) the consideration received for such
          assets shall have a value at

                                      -11-

<PAGE>

          least equal to the fair market value of such assets, in each case as
          determined in good faith by the US Borrower or the applicable
          Restricted Subsidiary; and (ii) if either (x) the amount of the Net
          Proceeds of such Dispositions in any fiscal year of the US Borrower
          exceeds $5,000,000 or (y) the sum of (A) Net Proceeds of Dispositions
          received pursuant to Dispositions permitted by clause (n) of this
          Section 7.05, (B) the fair market value of equipment transferred to
          Libbey Glassware Ltd. (China) pursuant to clause (j) of this Section
          7.05 and (C) the Net Proceeds received in any fiscal year pursuant to
          this clause (m) exceeds $40,000,000, then in the case of either (x) or
          (y), such excess amount shall be applied by the Borrower to prepay the
          Indebtedness covered by the Secured Obligations as set forth in the
          Intercreditor Agreement, and the Aggregate Commitments and the
          Available Amount shall be permanently reduced by the amount of the
          payment applied thereto (and the US Borrower shall make the
          prepayment, if any, required in connection with such commitment
          reduction pursuant to Section 2.08(b)), all as permitted under the
          Intercreditor Agreement. Notwithstanding the foregoing, neither the US
          Borrower nor any Loan Party will sell, transfer or dispose of any
          Accounts Receivable (unless the debtor with respect thereto shall be
          involved in an insolvency proceeding) except in the ordinary course of
          business or create any Receivables Subsidiary; and

          (K) SECTION 7.05(N) IS HEREBY ADDED TO THE CREDIT AGREEMENT TO READ AS
     FOLLOWS:

               (n) Dispositions of the business presently conducted by Traex
          Company, provided that to the extent Net Proceeds thereof are used to
          prepay the Obligations, such Net Proceeds shall be applied as set
          forth in the Intercreditor Agreement.

          (L) SECTION 7.07(A) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (a) each Restricted Subsidiary may make Restricted Payments to
          the US Borrower and to any wholly-owned Restricted Subsidiary (and, in
          the case of a Restricted Payment by a non-wholly-owned Restricted
          Subsidiary, to the US Borrower and any Restricted Subsidiary and to
          each other owner of capital stock of such Subsidiary on a pro rata
          basis based on their relative ownership interests); provided that
          Restricted Subsidiaries that are Guarantors may only make such
          Restricted Payments to the US Borrower or to Restricted Subsidiaries
          that are Guarantors;

          (M) SECTION 7.13(D) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (d) Contingent Obligations with respect to Surety Instruments
          (including financial standby letters of credit (other than any Letter
          of Credit) in which either Borrower or any Restricted Subsidiaries has
          any actual or contingent

                                      -12-

<PAGE>

          reimbursement obligations) in an aggregate amount not to exceed
          $15,000,000 at any time;

          (N) SECTION 7.14(A) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (a) Leverage Ratio. Without limiting the provisions of Section
          7.14(c), permit the Leverage Ratio at any time below 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 September 29, 2005, 3.50 to 1.00; (iv) as of December 31,
          2005, 4.50 to 1.00; (v) from January 1, 2006 through and including
          September 30, 2006, 4.85 to 1.00; (vi) from October 1, 2006 through
          and including December 31, 2006, 4.00 to 1.00, and (vii) from January
          1, 2007 and continuing thereafter, 3.25 to 1.00.

          (O) SECTION 8.01(B) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (b) Specific Covenants. The US Borrower fails to perform or
          observe any term, covenant or agreement contained in any of Section
          6.03(a), 6.05(a), 6.12, 6.16, 6.17 or Article VII.

          (P) SECTION 8.01(E) IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY
     TO READ AS FOLLOWS:

               (e) Cross-Default. (i) Any Loan Party or any of its Restricted
          Subsidiaries (A) fails to make any payment when due (after giving
          effect to any applicable grace periods and whether by scheduled
          maturity, required prepayment, acceleration, demand, or otherwise) in
          respect of (x) any Indebtedness (other than Indebtedness hereunder)
          having an aggregate principal amount (including amounts owing to all
          creditors under any combined or syndicated credit arrangement) of more
          than the Threshold Amount, (y) any Indebtedness under the Note
          Purchase Agreement, or (z) any Indebtedness under the guaranty
          agreement executed by the US Borrower and Holdings in connection with
          the Victrocrisa Credit Agreement, or (B) fails to observe or perform
          any other agreement or condition relating to any such Indebtedness
          described in clause (A) above or contained in any instrument or
          agreement evidencing, securing or relating thereto, or any other event
          occurs, the effect of which default or other event is to cause, or to
          permit the holder or holders of such Indebtedness (or a trustee or
          agent on behalf of such holder or holders) to cause, with the giving
          of notice if required, such Indebtedness to be demanded or to become
          due or to be repurchased or redeemed (automatically or otherwise)
          prior to its stated maturity; or (ii) there occurs under any Swap
          Contract an Early Termination Date (as defined in such Swap Contract)
          resulting from (A) any event of default under such Swap Contract as to
          which the US Borrower or any Subsidiary is the Defaulting Party (as
          defined in such Swap Contract) or (B) any Termination

                                      -13-

<PAGE>

          Event (as so defined) under such Swap Contract as to which the US
          Borrower or any Subsidiary is an Affected Party (as so defined) and,
          in either event, the Swap Termination Value owed by the US Borrower or
          such Subsidiary as a result thereof is greater than the Threshold
          Amount; or

          (Q) SECTION 8.03 IS HEREBY AMENDED TO BE RESTATED IN ITS ENTIRETY TO
     READ AS FOLLOWS:

               8.03 Application of Funds. Subject to the Intercreditor
          Agreement, after the exercise of remedies provided for in Section 8.02
          (or after the Loans have automatically become immediately due and
          payable and the L/C Obligations have automatically been required to be
          Cash Collateralized as set forth in the proviso to Section 8.02), any
          amounts received on account of the Secured Obligations shall be
          applied by the Administrative Agent in the following order:

               First, to payment of that portion of the Secured Obligations
          constituting fees, indemnities, expenses and other amounts (including
          fees, charges and disbursements of counsel to the Administrative Agent
          and amounts payable under Article III) payable to the Administrative
          Agent in its capacity as such;

               Second, to payment of that portion of the Secured Obligations
          constituting fees, indemnities and other amounts (other than principal
          and interest) payable to the Lenders and each L/C Issuer (including
          fees, charges and disbursements of counsel to the respective Lenders
          and each L/C Issuer and amounts payable under Article III), ratably
          among them in proportion to the amounts described in this clause
          Second payable to them;

               Third, to payment of that portion of the Secured Obligations
          constituting accrued and unpaid interest on the Loans, L/C Borrowings
          and other Obligations, ratably among the Lenders and each L/C Issuer
          in proportion to the respective amounts described in this clause Third
          payable to them;

               Fourth, ratably among the following parties in proportion to
          their respective amounts described in this clause Fourth payable to
          them: (A) to payment of that portion of the Secured Obligations
          constituting unpaid principal of the Loans, L/C Borrowings, Cash
          Management Obligations and the Termination Value of Swap Contracts,
          ratably among the Lenders and each L/C Issuer in proportion to the
          respective amounts described in this clause Fourth held by them; and
          (B) to the Administrative Agent for the account of each L/C Issuer, to
          Cash Collateralize that portion of L/C Obligations comprised of the
          aggregate undrawn amount of Letters of Credit;

               Fifth, to payment of remaining portion of the Secured
          Obligations, ratably among the Lenders in proportion to the respective
          amounts described in this clause Fifth payable to them;

                                      -14-

<PAGE>

               Last, the balance, if any, after all of the Obligations have been
          indefeasibly paid in full, to the Borrowers or as otherwise required
          by Law.

               Subject to Section 2.04(c), amounts used to Cash Collateralize
          the aggregate undrawn amount of Letters of Credit pursuant to clause
          Fourth above shall be applied to satisfy drawings under such Letters
          of Credit as they occur. If any amount remains on deposit as cash
          collateral after all Letters of Credit have either been fully drawn or
          expired, such remaining amount shall be applied to the other
          Obligations, if any, in the order set forth above.

          (R) SECTION 9.10 AND SECTION 9.11 ARE HEREBY ADDED TO THE CREDIT
     AGREEMENT TO AS FOLLOWS:

               9.10 Administrative Agent May File Proofs of Claim. Each of the
          Lenders, the Administrative Agent and the L/C Issuer agree that in
          case of the pendency of any receivership, insolvency, liquidation,
          bankruptcy, reorganization, arrangement, adjustment, composition or
          other judicial proceeding relative to any Loan Party, the
          Administrative Agent (irrespective of whether the principal of any
          Revolving Loan or L/C Obligation shall then be due and payable as
          herein expressed or by declaration or otherwise and irrespective of
          whether the Administrative Agent shall have made any demand on the
          Borrowers) shall be entitled and empowered, by intervention in such
          proceeding or otherwise:

                    (a) to file and prove a claim for the whole amount of the
               principal and interest owing and unpaid in respect of the
               Revolving Loans, L/C Obligations and all other Secured
               Obligations that are owing and unpaid and to file such other
               documents as may be necessary or advisable in order to have the
               claims of the Lenders, the L/C Issuer and the Administrative
               Agent (including any claim for the reasonable compensation,
               expenses, disbursements and advances of the Lenders, the L/C
               Issuer and the Administrative Agent and their respective agents
               and counsel and all other amounts due the Lenders, the L/C Issuer
               and the Administrative Agent under Sections 2.04(i) and (j), 2.10
               and 10.04) allowed in such judicial proceeding;

                    (b) to collect and receive any monies or other property
               payable or deliverable on any such claims and to distribute the
               same;

                    (c) and any custodian, receiver, assignee, trustee,
               liquidator, sequestrator or other similar official in any such
               judicial proceeding is hereby authorized by each Lender and the
               L/C Issuer to make such payments to the Administrative Agent and,
               in the event that the Administrative Agent shall consent to the
               making of such payments directly to the Lenders and the L/C
               Issuer, to pay to the Administrative Agent any amount due for the
               reasonable compensation, expenses, disbursements and advances of
               the Administrative Agent and its agents

                                      - 15-

<PAGE>

               and counsel, and any other amounts due the Administrative Agent
               under Sections 2.10 and 10.04; and

                    (d) nothing contained herein shall be deemed to authorize
               the Administrative Agent to authorize or consent to or accept or
               adopt on behalf of any Lender or the L/C Issuer any plan of
               reorganization, arrangement, adjustment or composition affecting
               the Secured Obligations or the rights of any Lender or to
               authorize the Administrative Agent to vote in respect of the
               claim of any Lender in any such proceeding.

               9.11 Collateral Matters. The Lenders and the L/C Issuer
          irrevocably authorize the Collateral Agent, at its option and in its
          discretion, subject to Intercreditor Agreement,

                    (a) to release any Lien on any property granted to or held
               by the Collateral Agent under any Loan Document (i) upon
               termination of the Aggregate Commitments and payment in full of
               all Obligations (other than contingent indemnification
               obligations) and the expiration or termination of all Letters of
               Credit, (ii) that is sold or to be sold as part of or in
               connection with any Disposition permitted hereunder or under any
               other Loan Document, or (iii) subject to Section 10.01, if
               approved, authorized or ratified in writing by the Required
               Lenders;

                    (b) to subordinate any Lien on any property granted to or
               held by the Collateral Agent under any Loan Document to the
               holder of any Lien on such property that is permitted by Section
               7.01; and

                    (c) upon request by the Collateral Agent at any time, the
               Required Lenders will confirm in writing the Collateral Agent's
               authority to release or subordinate its interest in particular
               types of items of property pursuant to this Section 9.11.

          (S) SECTION 10.19(D) IS HEREBY ADDED TO THE CREDIT AGREEMENT TO READ
     AS FOLLOWS:

                    (c) During the period from December 29, 2005 through and
               including January 2, 2007, no direct or indirect Subsidiary of
               Holdings, the US Borrower or the Dutch Borrower shall be formed
               or acquired and be designated or considered an Unrestricted
               Subsidiary without the consent of the Administrative Agent other
               than Unrestricted Subsidiaries as of December 29, 2005.

          (T) ADDITION OF SCHEDULE 1.01(A) TO THE CREDIT AGREEMENT. Schedule
     1.01(a) is added to the Credit Agreement in numerical order and all
     references in the Credit Agreement to "Schedule 1.01(a)" shall be deemed
     to refer to the "Schedule 1.01(a)" attached hereto.

                                      -16-

<PAGE>

          (U) SUBSTITUTION OF SCHEDULE 2.01(A) TO THE CREDIT AGREEMENT. A
     revised Schedule 2.01 is added to the Credit Agreement in numerical order
     and all references in the Credit Agreement to "Schedule 2.01" shall be
     deemed to refer to the "Schedule 2.01" attached hereto. Such revised
     Schedule 2.01(a) shall reflect the reduction in the Aggregate Commitments
     to $195,000,000 pursuant to Section 2.07.

          (V) ADDITION OF REFERENCE TO SCHEDULE 1.01(A) TO THE CREDIT AGREEMENT.
     A reference to "Schedule 1.01(a) - Real Property" is added to the index of
     schedules in sequential order.

     3. Waiver. Effective as of the date hereof and for a period from the date
hereof through and including January 2, 2007 (the "Waiver Period"), the
Administrative Agent and the undersigned Lenders hereby waive the Event of
Default caused by the failure to comply with the provisions of Section 7.14(a)
of the Credit Agreement for the fiscal quarter ending September 30, 2005 (the
"Section 7.14(a) Leverage Ratio"), at all times during the Waiver Period. Upon
the expiration of the Waiver Period, any Event of Default that would have
occurred during the Waiver Period for a failure to comply with the Section
7.14(a) Leverage Ratio but for the waiver set forth in this Section 3 shall be
deemed to be no longer subject to an effective waiver to the same extent as if
the waiver requested herein had never been in effect; provided, that the
Borrowers shall not pay interest at the Default Rate pursuant to Section 2.09(b)
of the Credit Agreement for any Event of Default declared upon the expiration of
the Waiver Period for failure to comply with the Section 7.14(a) Leverage Ratio
during the Waiver Period. The waiver set forth in this Section 3 is limited to
the extent specifically set forth above and shall in no way serve to waive
compliance with Section 7.14(a) of the Credit Agreement for any period other
than the Waiver Period or as at any other date or to waive any other terms,
covenants or provisions of the Credit Agreement or any other Loan Document, or
any obligations of any Borrower, other than as expressly set forth above.

     4. Consent of the Guarantors. Each Guarantor hereby consents, acknowledges
and agrees to the amendments set forth herein and hereby confirms, reaffirms and
ratifies in all respects the Guaranties to which such Guarantor is a party
(including without limitation the continuation of such Guarantor's payment and
performance obligations thereunder upon and after the effectiveness of this
Amendment Agreement and the amendments contemplated hereby) and the
enforceability of such Guaranty against such Guarantor in accordance with its
terms.

     5. 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.

     6. 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

                                      -17-

<PAGE>

     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;

          (b) The Persons appearing as Guarantors on the signature pages to this
     Amendment Agreement constitute all Persons who are required to be
     Guarantors pursuant to the terms of the Credit Agreement and the other Loan
     Documents, including without limitation all Persons who became Subsidiaries
     or were otherwise required to become Guarantors after the Effective Date,
     and each of such Persons has become and remains a party to a Guaranty as a
     Guarantor;

          (c) This Amendment Agreement has been duly authorized, executed and
     delivered by each Borrower and each Guarantor party hereto and constitutes
     a legal, valid and binding obligation of such parties, except as may be
     limited by general principles of equity or by the effect of any applicable
     bankruptcy, insolvency, reorganization, moratorium or similar law affecting
     creditors' rights generally; and

          (d) After giving effect to this Amendment Agreement, no Default or
     Event of Default exists.

     7. 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 Agreement by 5:00 p.m. (New York, New York time) on December 23,
     2005, such upfront fee for each such Lender's own account in an amount as
     shall have been separately agreed upon in writing; and (iii) all other fees
     agreed to be paid;

          (c) an executed copy of an amendment to the guaranty agreement
     executed by Libbey Inc. guaranteeing the US Borrower's obligations under
     the Note Purchase Agreement, 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 7, this
Amendment Agreement shall be effective as of the date hereof.

                                      -18-

<PAGE>

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

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

     10. 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.

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

     12. 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.

     13. 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 and the additional Loan Documents
contemplated hereby.

     14. Release. In consideration of the Administrative Agent and the Required
Lenders entering into this Amendment Agreement on behalf of the Lenders, the
Loan Parties hereby release the Administrative Agent, the Swing Line Lender, the
L/C Issuer, each of the Lenders, and the Administrative Agent's, the Swing Line
Lender's, the L/C Issuer's and each of the Lenders' respective officers,
employees, representatives, agents, counsel and directors from any and all
actions, causes of action, claims, demands, damages and liabilities of whatever
kind or nature, in law or in equity, now known or unknown, suspected or
unsuspected to the extent that any of the foregoing arises from any action or
failure to act solely in connection with the Loan Documents on or prior to the
date hereof.

                            [SIGNATURE PAGES FOLLOW.]

                                      -19-
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 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: VP and Treasurer

                                        LIBBEY EUROPE B.V.

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

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                           REAFFIRMATION OF GUARANTIES

     Each of the undersigned hereby (i) consents to the execution and delivery
of the Amendment Agreement by the parties hereto, (ii) agrees that the Amendment
Agreement shall not limit or diminish the obligations of each of the undersigned
under its respective Guaranty, (iii) reaffirms its obligations under its
respective Guaranty, (iv) agrees that it shall comply with the covenants set
forth in Section 6.15(a) and (b), 6.16, and 6.17 of the Credit Agreement as if
it were the US Borrower, and (v) agrees that its Guaranty remains in full force
and effect, and is hereby ratified and confirmed.

                                        GUARANTORS:

                                        LIBBEY GLASS INC.

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

                                        LIBBEY INC.

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

                                        THE DRUMMOND GLASS COMPANY

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

                                        SYRACUSE CHINA COMPANY

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        WORLD TABLEWARE INC.

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

                                        LGA3 CORP.

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

                                        LGA4 CORP.

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

                                        LGFS INC.

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

                                        LGAC LLC

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        TRAEX COMPANY

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        LGC CORP.

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        ADMINISTRATIVE AGENT:

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

                                        By: /s/ Jay T. Wampler
                                            ------------------------------------
                                        Name: Jay T. Wampler
                                        Title: Managing Director

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

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

                                        By: /s/ Jay T. Wampler
                                            ------------------------------------
                                        Name: Jay T. Wampler
                                        Title: Managing Director

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        BANK LEUMI USA, as a Lender

                                        By: /s/ Joung Hee Hong
                                            ------------------------------------
                                        Name: Joung Hee Hong
                                        Title: Vice President

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        THE BANK OF NEW YORK, as a Lender

                                        By: /s/ John M. Lokay, Jr.
                                            ------------------------------------
                                        Name: John M. Lokay, Jr.
                                        Title: Vice President

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                        CHICAGO BRANCH

                                        By: /s/ Mr. Tsuguyuki Umene
                                            ------------------------------------
                                        Name: Mr. Tsuguyuki Umene
                                        Title: Deputy General Manager

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        CALYON NEW YORK BRANCH, as a Lender

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

                                        By: /s/ Lee E. Greve
                                            ------------------------------------
                                        Name: Lee E. Greve
                                        Title: Managing Director
                                               Deputy Manager

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        CITIZENS BANK OF PENNSYLVANIA,
                                        as a Leader

                                        By: /s/ Debra L. McAllonis
                                            ------------------------------------
                                        Name: Debra L. McAllonis
                                        Title: SVP

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        CREDIT INDUSTRIEL ET COMMERCIAL,
                                        as a Lender

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

                                        By: /s/ Nicolas Courtaigne
                                            ------------------------------------
                                        Name: Nicolas Courtaigne
                                        Title: Assistant Vice President

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        FIFTH THIRD BANK, as a Lender

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        JPMORGAN CHASE BANK, N.A., as a Lender

                                        By: /s/ Steven P. Sullivan
                                            ------------------------------------
                                        Name: Steven P. Sullivan
                                        Title: Vice President

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        LASALLE BANK MIDWEST NATIONAL
                                        ASSOCIATION, as a Lender

                                        By: /s/ Annette Gordon
                                            ------------------------------------
                                        Name: Annette Gordon
                                        Title: First Vice President

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        NATIONAL CITY BANK, as a Lender

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

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        THE NORTHERN TRUST COMPANY, as a Lender

                                        By: /s/ Preeti Sullivan
                                            ------------------------------------
                                        Name: Preeti Sullivan
                                        Title: Vice President

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                        PNC BANK, NATIONAL ASSOCIATION, as a
                                        Lender

                                        By: /s/ Joseph G. Moran
                                            ------------------------------------
                                        Name: Joseph G. Moran
                                        Title: Managing Director

        Signature Page to Amendment No. 3 and Waiver to Credit Agreement

<PAGE>

                                SCHEDULE 1.01(A)

                                  REAL PROPERTY

<PAGE>

                            SCHEDULE OF REAL PROPERTY

<TABLE>
<CAPTION>
      LOCATION                         DESCRIPTION
      --------                         -----------
<S>                    <C>
940 Ash Street         Glass Manufacturing Facility, Warehouse and
Toledo, OH 43611       Distribution Center

4302 Jewella Road      Glass Manufacturing Facility, Warehouse and
Shreveport, LA 71109   Distribution Center

2801 Court Street      Ceramic Dinnerware Manufacturing Plant,
Syracuse, NY 13208     Warehouse and Distribution Center
</TABLE>

<PAGE>

                                  Schedule 2.01
                 Revolving Loan Commitments and Pro Rata Shares

<TABLE>
<CAPTION>
                                      REVOLVING LOAN
NAME OF LENDER                          COMMITMENT     PRO RATA SHARE
--------------                        --------------   --------------
<S>                                   <C>              <C>
BANK LEUMI                             $  5,850,000       3.000000000
BANK OF AMERICA                        $ 21,450,000      11.000000000
BANK OF NEW YORK                       $ 13,650,000       7.000000000
BANK OF NOVA SCOTIA                    $ 17,550,000       9.000000000
BANK OF TOKYO-MITSUBISHI LTD           $ 19,500,000      10.000000000
CALYON NEW YORK                        $ 13,650,000       7.000000000
CITIZENS BANK OF PENNSYLVANIA          $ 15,600,000       8.000000000
CREDIT INDUSTRIEL ET COMMERCIAL        $ 13,650,000       7.000000000
FIFTH THIRD BANK                       $ 11,700,000       6.000000000
JPMORGAN CHASE BANK                    $ 11,700,000       6.000000000
NATIONAL CITY BANK                     $ 11,700,000       6.000000000
NORTHERN TRUST COMPANY                 $ 11,700,000       6.000000000
PNC BANK NA                            $ 15,600,000       8.000000000
STANDARD FEDERAL BANK NA (ABN AMRO)    $ 11,700,000       6.000000000
                                       ------------     -------------
   TOTAL                               $195,000,000     100.000000000
                                       ============     =============
</TABLE>

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