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| Re:    | Aegean Marine Petroleum S.A. -Revolving Credit and Letter of Credit/ Letter of Guarantee Facilityfor USD 50mn (the Facility)Facility Agreement and Corporate Guarantee, both dated 17.09.2009 |

| 1. | The Margin will be increased by 50 bps to 3.50 % p.a. |
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| 2. | The Liquidity undertaking to be maintained by the Guarantor under the Corporate Guarantee will be amended to Monthly Average Consolidated Liquid Funds in excess of $ 30mn (out of which at least $ 4mn, on an average monthly basis, will be maintained in the Operating Account) instead of the currently approved Consolidated Liquid Funds in excess of $ 30mn at the end of each calendar month. |
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|   3. | The Consolidated Leverage Ratio under the Corporate guarantee shall be amended to be higher than 0.75% (instead of the currently approved ration of 0.65%). |
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|   4. | A one-off Administration fee of $ 30,000- will be payable by the Borrower to the Bank upon execution of the relative supplemental agreement. |
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|   5. | The Bank's prior consent for any new borrowings by the Company, will no longer be required by the Company and the Facility Agreement will be amended accordingly. |
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| Limit of Facilities:                                                        | $50mn (in aggregate)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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| Type of Facilities:                                                         | Revolving Credit Facility, Letters of Guarantee and Letters of Credit Facility To finance the working capital requirements and for general business purposes of the Borrower                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Final Maturity Date:                                                        | 30.09.2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Replayment:                                                                 | Bullet upon the Final Maturity Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Interest rate:                                                              | 3.50 % p.a. above LIBOR for 1,2 or 3 weeks or 1,2 or 3 months, for borrowings under the Revolving Credit Facility                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Pricing/Commissions:                                                        | 1.     For L/Gs and Standby L/Cs: 1.50 % p.a., payable monthly in arrears2.     For issue of an L/C $ 500- each and for an amendment $ 250-.3.     For Documentary Credits: 0.50 % p.a.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Administrative Fee:                                                         | A flat fee of $30,000- will be payable to the Bank by the Borrower upon execution of the extension documentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Commitment Fee:                                                             | 45bps p.a., calculated on the undrawn/unutilised amount under the Facility and payable quarterly in arrears                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Conditions of Utilisation:                                                  | 1.     Funds under the Facility may be drawn until 23.09.20112.     The aggregate amount utilised at any time, under the L/C and L/G facilities shall not exceed 50 % of the aggregate amount of the Facilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Security:                                                                   | 1.     The existing Corporate Guarantee provided by Aegean Marine Petroleum Network Inc2.     Assignment of trade receivables of Aegean group providing, at all times, 110 % security cover for the Facility                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Other Terms:                                                                | The usual terms for these types of facilities (including negative pledge, pari passu etc.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Financial Undertakings:                                                     | To be complied with by the Guarantor on a consolidated level and calculated on an annual and semi-annual basis (on 30.06 and 31.12 of each year):1.     Consolidated book Net Worth ≥ $ 175mn at the end of each accounting period (i.e. 30.06 and 31.12)2.     Consolidated Leverage Ratio (Consolidated Debt / Consolidated Total Assets) < 0.75 at the end of each accounting period (i.e. 30.06 and 31.12)3.     Interest Cover Ratio (EBIT/Interest Expense)> 1.30 at the end of each accounting period (i.e. 30.06 and 31.12)4.     Monthly Average Consolidated Liquid Funds > $ 30mn (of which not less than $ 4mn shall be maintained in the Operating Account on an average monthly basis5.     Consolidated Liquid Funds > $ 15mn at the end of each day (of which not less than $ 1mn shall be maintained in the Operating Account)The Liquidity Undertakings under (4) and (5) above should be complied with only when the Facility is being utilised and funds are drawn under the Facility.  |
| All other terms and conditions not mentioned above, remain unchanged.  |

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| /s/ S. Charalambous |   | /s/ A. Papademetriou  |
|---------------------|--------|-----------------------|
| S. Charalambous     |   | A. Papademetriou |

| /s/ Aegean Marine Petroleum SA |   | /s/ Aegean Marine Network Inc. |
|--------------------------------|--------|--------------------------------|
| Aegean Marine Petroleum SA     |   | Aegean Marine Network Inc.     |

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