----

| Clause |   | Page |
|--------|--------|------|

| 1. | Definitions  | 2 |
|----|-------------------|---|

| 2. | Consent of the Creditors  | 3 |
|----|--------------------------------|---|

| 3. | Amendments to Principal Agreement and Principal Corporate Guarantee  | 4 |
|----|---------------------------------------------------------------------------|---|

| 4. | Representations and warranties  | 7 |
|----|--------------------------------------|---|

| 5. | Conditions  | 8 |
|----|------------------|---|

| 6. | Supplemental Parties' confirmations  | 8 |
|----|-------------------------------------------|---|

| 7. | Expenses  | 9 |
|----|----------------|---|

| 8. | Miscellaneous and notices  | 10 |
|----|---------------------------------|----|

| 9. | Applicable law  | 10 |
|----|----------------------|----|

| Schedule 1  Names and lending offices of the Banks | 11 |
|---------------------------------------------------------|----|

| Schedule 2  The Owners and their Ships | 12 |
|--------------------------------------------------|----|

| Schedule 3  Documents and evidence required as conditions precedent | 14 |
|--------------------------------------------------------------------------|----|

----

| (1) | AEGEAN MARINE PETROLEUM S.A., a corporation incorporated in the Republic of Liberia whose registered office is at 80 Broad Street, Monrovia, Liberia (the "Borrower"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | THE BANKS AND FINANCIAL INSTITUTIONS listed in schedule 1 as Banks (together the "Banks"); |
|-----|--------------------------------------------------------------------------------------------|

| (3) | THE ROYAL BANK OF SCOTLAND PLC as agent (the "Agent"); |
|-----|--------------------------------------------------------|

| (4) | THE ROYAL BANK OF SCOTLAND PLC as account bank (the "Account Bank"); |
|-----|----------------------------------------------------------------------|

| (5) | THE ROYAL BANK OF SCOTLAND PLC as security agent (the "Security Agent"); |
|-----|--------------------------------------------------------------------------|

| (6) | HSH NORDBANK AG as mandated lead arranger and bookrunner (the "Arranger"); |
|-----|----------------------------------------------------------------------------|

| (7) | THE COMPANIES listed in Part A of schedule 2 as Owners (together the "Owners" and each an "Owner"); |
|-----|-----------------------------------------------------------------------------------------------------|

| (8) | AEGEAN BUNKERING SERVICES INC., a corporation incorporated in the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the "Manager"); |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | AEGEAN MANAGEMENT SERVICES M.C., a company incorporated in the Hellenic Republic whose registered office is at 42 Hatzikiriakou Street, 185 38 Piraeus, Greece (the "New Manager"); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | AEGEAN MARINE PETROLEUM NETWORK INC., a corporation incorporated in the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the "Corporate Guarantor"); and |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | AEGEAN PETROLEM INTERNATIONAL INC., a corporation incorporated in the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 ("APII"). |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A) | this Agreement is supplemental to |
|-----|-----------------------------------|

|   | (a) | the loan agreement dated 30 September 2008 (the "Original Agreement"), as amended and supplemented by various supplemental letters and agreements including a supplemental letter dated 26 January 2011 (the "Supplemental Letters") and as further amended and restated by a first supplemental agreement dated 16 March 2009 (the "First Supplemental Agreement"), by a second supplemental agreement dated 17 September 2009 (the "Second Supplemental Agreement"), by a third supplemental agreement dated 14 October 2010 (the "Third Supplemental Agreement") and by a fourth supplemental agreement dated 23 December 2011 (the "Fourth Supplemental Agreement" and, together with the Original Agreement, the Supplemental Letters, the First Supplemental Agreement, the Second Supplemental Agreement, and the Third Supplemental Agreement, the "Principal Agreement") made (inter alios) between (1) the Borrower as borrower, (2) the Banks as lenders, (3) the Agent, (4) the Arranger, (5) the Security Agent and (6) the Account Bank, relating to a revolving credit facility and a multi-currency guarantee and letter of credit facility of up to (originally) One billion Dollars ($1,000,000,000), made available by the Banks to the Borrower upon the terms and conditions set out therein; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the corporate guarantee dated 17 September 2009 as amended by the third supplemental agreement dated 14 October 2010 and by the fourth supplemental agreement dated 23 December 2011 both mentioned above (together, the "Principal Corporate Guarantee") made between the Corporate Guarantor and the Agent in respect of the obligations of the Borrower under the Principal Agreement; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (B) | the Borrower has requested that (inter alia) the Banks agree that certain changes are made to the Principal Agreement and the Principal Corporate Guarantee, and this Agreement sets out (inter alia) the terms and conditions upon which the Creditors shall agree to such changes; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | the Agent has issued to the Borrower and the Corporate Guarantor a letter dated 24 April 2012 (the "Letter Agreement') notifying them of the then current intentions of The Royal Bank of Scotland plc (as Bank) ("RBS") in connection with the availability of its Uncommitted Amount under the Agreement. Namely, the Letter Agreement notified the Borrower and the Corporate Guarantor that, notwithstanding the fact that RBS had no obligation whatsoever to make its Uncommitted Amount available in any event, RBS intended not to make available its Uncommitted Amount going forward, and that such unavailability was going to take place in a phased manner, leading to phased reductions of RBS's Guarantee Facility Commitment and Commitment in respect of RCF2, at the times, in the manner and otherwise in accordance with, and subject to the terms of, the Letter Agreement (but subject always to the reservation of RBS's rights referred to in Recitals (D) and (E) below); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D) | further, the Letter Agreement notified the Borrower and the Corporate Guarantor that: |
|-----|---------------------------------------------------------------------------------------|

|   | (a) | RBS intended to waive the 60% maximum cash drawing rule, as the same would normally apply under, and as a result of, clauses 2.19.3(b) and (d) of the Principal Agreement following the reductions of the Uncommitted Amounts of RBS referred to in the Letter Agreement and in Recital (C) above, but subject always to HSH Nordbank AG also accepting to waive such rule (which they have and HSH Nordbank AG hereby acknowledge and confirm that they have); and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the Creditors expressly reserved all their rights under the Principal Agreement and the other Security Documents (including the rights of the Banks to immediately and at any time reinstate the 60% maximum cash drawing rule referred to above and the rights of each Bank (including RBS) to invoke the provisions of the Loan Agreement under which their Uncommitted Amounts are unavailable at all times, including (in relation to RBS) at earlier or other times than those set out or implied in the Letter Agreement; and to the extent any such rights were not expressly reserved or were deemed not to have been so reserved in the Letter Agreement are hereby now reserved by the Banks and the Agent; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (E) | the Borrower and the Corporate Guarantor have acknowledged their agreement to the contents of the Letter Agreement by countersigning such letter on 26 April 2012 and hereby acknowledge and confirm their agreement (a) to the contents of the Letter Agreement again and (b) to the terms and conditions referred to in Recitals (C) and (D) above (including the reservation of rights of the Banks referred to in Recital (D), paragraph (b) above; and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (F) | consequently, the Letter Agreement and the terms and conditions referred to in Recitals (C), (D) and (E) of this Agreement (together with the Letter Agreement, the "Supplemental Terms") are supplemental to the Principal Agreement and constitute an integral part of the Principal Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Definitions |
|----|-------------|

| 1.1 | Defined expressions |
|-----|---------------------|

----

| 1.2 | Definitions |
|-----|-------------|

| 1.3 | Principal Agreement and Principal Corporate Guarantee |
|-----|-------------------------------------------------------|

| 1.3.1 | References in the Principal Agreement to "this Agreement" shall, with effect from the Effective Date and unless the context otherwise requires, be references to the Principal Agreement as amended by this Agreement and words such as "herein", "hereof', "hereunder", "hereafter", "hereby" and "hereto", where they appear in the Principal Agreement, shall be construed accordingly. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.2 | References in the Principal Corporate Guarantee to "this Guarantee" shall, with effect from the |
|-------|-------------------------------------------------------------------------------------------------|

| 1.4 | Headings |
|-----|----------|

| 1.5 | Construction of certain terms |
|-----|-------------------------------|

| 2. | Consent of the Creditors |
|----|--------------------------|

----

| 3. | Amendments to Principal Agreement and Principal Corporate Guarantee |
|----|---------------------------------------------------------------------|

| 3.1 | Amendments to Principal Agreement |
|-----|-----------------------------------|

| 3.1.1 | by deleting the definition of "Corporate Guarantee" in clause 1.2 of the Principal Agreement in its entirety and by inserting in its place the following new definition of "Corporate Guarantee": |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.2 | by inserting the following new definition of "Fifth Supplemental Agreement" in the correct alphabetical order in clause 1.2 of the Principal Agreement: |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.3 | by inserting the words ", the Fifth Supplemental Agreement" after the words "the Fourth Supplemental Agreement" in the definition of "Security Documents" in clause 1.2 of the Principal Agreement. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Amendments to Principal Corporate Guarantee |
|-----|---------------------------------------------|

| 3.2.1 | by deleting clause 5.3.1 of the Principal Corporate Guarantee in its entirety and by inserting in its place the following new clause 5.3.1: |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | "5.3.1 | The Guarantor undertakes with the Security Agent that, from the date of this Guarantee and so long as any moneys are owing under the Security Documents and while all or any part of any Facility remains available, it will ensure that: |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Consolidated Book Net Worth |
|--------|-----|-----------------------------|

|   | (b) | Consolidated Leverage Ratio |
|--------|-----|-----------------------------|

|   | (c) | Liquidity |
|--------|-----|-----------|

|   | (i) | Consolidated Liquid Funds of no less than $30,000,000 at the end of each calendar month and at the end of each Accounting Period; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii) | Consolidated Liquid Funds of no less than $30,000,000 at the end of each calendar month and at the end of each Accounting Period; and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Interest Cover Ratio |
|--------|-----|----------------------|

|   | (i) | 2.0:1.0 at the end of each Accounting Period ending on or before 31 December 2010; |
|--------|-----|------------------------------------------------------------------------------------|

|   | (ii) | 1.35:1.0 at the end of each Accounting Period ending between 1 January 2011 and 31 December 2011 (inclusive); and |
|--------|------|-------------------------------------------------------------------------------------------------------------------|

|   | (iii) | 1.6:1.0 at the end of each Accounting Period ending after 1 January 2012; and |
|--------|-------|-------------------------------------------------------------------------------|

|   | (e) | Current Ratio |
|--------|-----|---------------|

|   | (i) | 1.15:10 at the end of each Accounting Period ending on or before 30 January 2012; |
|--------|-----|-----------------------------------------------------------------------------------|

|   | (ii) | 1.05:1.0 at the end of each of Accounting Period ending between 31 January 2012 and 31 January 2013 (both inclusive); and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | 1.15:1.0 at the end of each Accounting Period ending after 1 February 2013."; |
|--------|-------|-------------------------------------------------------------------------------|

| 3.2.2 | by inserting the following new clause 5.4 after clause 5.3 of the Principal Corporate Guarantee: |
|-------|--------------------------------------------------------------------------------------------------|

|   | "5.4 | Most favoured nation |
|--------|------|----------------------|

|   | 5.4.1 | Without prejudice to the provisions of clause 5.2, the Guarantor undertakes that it will not agree to or grant or agree to grant at any time for the benefit of, or in favour of, any of its lenders or creditors a minimum Current Ratio undertaking which is higher than 1.05:1.0 (the "more favourable rights"). |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.4.2 | Without prejudice to clause 5.4.1 and the consequences of its breach by the Guarantor under clause 10 of the Agreement, in the event that and each time that the Guarantor agrees to, or grants, or agrees to grant, any more favourable rights in breach of clause 5.4.1, the Guarantor undertakes and agrees with the Security Agent: |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | to notify the Security Agent forthwith after the relevant agreement to, or the granting of or any agreement to grant (as the case may be), such more favourable rights; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | to agree to, provide and grant, such more favourable rights also in favour of the Security Agent and the other Creditors under or in connection with this Guarantee and the other Security Documents (and the transactions contemplated thereunder), by entering into (and/or by procuring that any Security Party or any other person entering into) such documentation as the Security Agent shall reasonably require, immediately after the Security Agent's request to the Guarantor; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | any such more favourable rights shall in any event apply to this Guarantee and the other Security Documents automatically from the time they are granted to the other lender or creditor, and irrespective of whether the Guarantor and the other Security Parties have complied with their other obligations under this clause 5.4, except if the Security Agent at any time advises the Guarantor that such or certain of such more favourable rights will not so apply and always without prejudice to the terms and conditions of this Guarantee and the other Security Documents."; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.2.3 | by deleting clause 1 of schedule 1 (Form of Compliance) of the Principal Corporate Guarantee in its entirety and by inserting in its place the following new clause 1: |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | "1 | Financial undertakings |
|--------|----|------------------------|

|   | (a) | Consolidated Book Net Worth shall not be less than $410,000,000 at the end of any Accounting Period: - |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | Ø | [·] |
|--------|--------|----------|

|   | Ø | [·] |
|--------|--------|----------|

|   | (b) | Consolidated Leverage Ratio shall not be higher than 0.7:1.0 at the end of any Accounting Period: - |
|--------|-----|-----------------------------------------------------------------------------------------------------|

|   | Ø | Consolidated Debt is $[·] |
|--------|--------|--------------------------------|

|   | Ø | Consolidated Total Assets are $[·]. |
|--------|--------|------------------------------------------|

|   | (c) | Consolidated Liquid Funds of no less than $30,000,000 at the end of each calendar month and $15,000,000 at the end of each Accounting Period: - |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | cash held with the Account Bank of $[·]; |
|--------|--------|-----------------------------------------------|

|   | Ø | cash held with [·] of $[·]; |
|--------|--------|--------------------------------------------|

|   | Ø | cash held with [·] of $[·]; |
|--------|--------|---------------------------------------|

|   | Ø | cash held with [·] of $[·]; |
|--------|--------|---------------------------------------|

|   | Ø | the undrawn amount of any committed overdraft facilities available to any member of the Group (including the Overdraft Facility) of $[·]; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | other, such as [·] of $[·].". |
|--------|--------|-----------------------------------------|

|   | (d) | Interest Cover Ratio shall be higher than [2.0] [1.35] [1.6]:1.0 at the end of each Accounting Period:- |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | Ø | EBIT is $[·] |
|--------|--------|-------------------|

|   | Ø | Interest Expense is $[·]. |
|--------|--------|--------------------------------|

----

|   | (e) | Current Ratio shall not be less than [1.15] [1.05] [1.15]:1.0 at the end of each Accounting Period:- |
|--------|-----|------------------------------------------------------------------------------------------------------|

|   | Ø | Consolidated Current Assets are $[·] |
|--------|--------|-------------------------------------------|

|   | Ø | Consolidated Current Liabilities are $[·]. |
|--------|--------|-------------------------------------------------|

| 3.3 | Continued force and effect |
|-----|----------------------------|

| 4. | Representations and warranties |
|----|--------------------------------|

| 4.1 | Primary representations and warranties |
|-----|----------------------------------------|

| 4.1.1 | Existing representations and warranties |
|-------|-----------------------------------------|

| 4.1.2 | Corporate power |
|-------|-----------------|

| 4.1.3 | Binding obligations |
|-------|---------------------|

| 4.1.4 | No conflict with other obligations |
|-------|------------------------------------|

----

| 4.1.5 | No filings required |
|-------|---------------------|

| 4.1.6 | Choice of law |
|-------|---------------|

| 4.1.7 | Consents obtained |
|-------|-------------------|

| 4.2 | Repetition of representations and warranties |
|-----|----------------------------------------------|

| 5. | Conditions |
|----|------------|

| 5.1 | Documents and evidence |
|-----|------------------------|

| 5.2 | General conditions precedent |
|-----|------------------------------|

| 5.2.1 | the representations and warranties in clause 4 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2.2 | no Event of Default having occurred and continuing at the time of the Effective Date. |
|-------|---------------------------------------------------------------------------------------|

| 5.3 | Waiver of conditions precedent |
|-----|--------------------------------|

| 6. | Supplemental Parties' confirmations |
|----|-------------------------------------|

----

| 6.1 | each of the Security Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the amendments made to the Principal Agreement and the Principal Corporate Guarantee by this Agreement and the other arrangements contained in this Agreement; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | its obligations under the relevant Security Documents to which it is a party include any and all amounts owing by the Borrower under the Principal Agreement as amended and supplemented by this Agreement; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | with effect from the Effective Date, references to "the Agreement" or the "the Loan Agreement", or the "Facility Agreement" (or similar or equivalent references) in any of the Security Documents to which it is a party, shall henceforth be references to the Principal Agreement as amended and supplemented by this Agreement and as from time to time hereafter amended; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | with effect from the Effective Date references to the "Corporate Guarantee" (or similar or equivalent references) in any of the Security Documents to which it is a party, shall henceforth be references to the Principal Corporate Guarantee as amended and supplemented by this Agreement and as from time to time hereafter amended. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Expenses |
|----|----------|

| 7.1 | Expenses |
|-----|----------|

| 7.1.1 | in connection with the negotiation, preparation, execution and, where relevant, registration of this Agreement and the other Relevant Documents and of any amendment or extension of or the granting of any waiver or consent under this Agreement or the other Relevant Documents; and |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1.2 | in contemplation of, or otherwise in connection with, the enforcement of, or preservation of any rights under this Agreement or the other Relevant Documents or otherwise in respect of the monies owing and obligations incurred under this Agreement and the other Relevant Documents, |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | Value Added Tax |
|-----|-----------------|

| 7.3 | Stamp and other duties |
|-----|------------------------|

----

| 8. | Miscellaneous and notices |
|----|---------------------------|

| 8.1 | Notices |
|-----|---------|

| 8.2 | Counterparts |
|-----|--------------|

| 9. | Applicable law |
|----|----------------|

| 9.1 | Law |
|-----|-----|

| 9.2 | Submission to jurisdiction |
|-----|----------------------------|

| 9.3 | Contracts (Rights of Third Parties) Act 1999 |
|-----|----------------------------------------------|

----

| Name                           | Lending Office                                 |
|--------------------------------|------------------------------------------------|
| The Royal Bank of Scotland plc | 45 Akti Miaouli185 36 PiraeusGreece            |
| HSH Nordbank AG                | Gerhart-Hauptmann-Platz 5020095 HamburgGermany |

----

|   | (1) Owner                  | (2) Country of Incorporation | (3) Registered office                                                            |
|--------|---------------------------------|-----------------------------------|---------------------------------------------------------------------------------------|
| 1      | Aegean Daisy Maritime Company   | Greece                            | 44 Hatzikiriakou Street, 185 38 Piraeus,Greece                                        |
| 2      | Aegean Rose Maritime Company    | Greece                            | 44 Hatzikiriakou Street, 185 38 Piraeus,Greece                                        |
| 3      | Mare Vision S.A.                | Marshall Islands                  | Trust Company Complex, Ajeltake Road,Ajeltake Island, Majuro, Marshall IslandsMH96960 |
| 4      | Sea Breezer Marine S.A.         | Marshall Islands                  | Trust Company Complex, Ajeltake Road,Ajeltake Island, Majuro, Marshall IslandsMH96960 |
| 5      | Aegean Breeze Maritime Company  | Greece                            | 44 Hatzikiriakou Street, 185 38 Piraeus,Greece                                        |
| 6      | Aegean Tiffany Maritime Company | Greece                            | 44 Hatzikiriakou Street, 185 38 Piraeus,Greece                                        |
| 7      | Aegean X Maritime Inc.          | Marshall Islands                  | Trust Company Complex, Ajeltake Road,Ajeltake Island, Majuro, Marshall IslandsMH96960 |
| 8      | Pontos Navigation Inc.          | Marshall Islands                  | Trust Company Complex, Ajeltake Road,Ajeltake Island, Majuro, Marshall IslandsMH96960 |
| 9      | Aegean Marine Petroleum LLC     | United Arab Emirates              | P.O. Box 2688, Khorfakkan, Emirate ofSharjah, United Arab Emirates                    |
| 10     | Victory Sea Shipping S.A.       | Liberia                           | 80 Broad Street, Monrovia, Republic ofLiberia                                         |

----

|   | (1) Name/Hull Number | (2) Flag State  | (3) IMO No. | (4) Owning Company         |
|--------|---------------------------|----------------------|------------------|---------------------------------|
| 1      | Aegean Daisy              | Greek                | 7729007          | Aegean Daisy Maritime Company   |
| 2      | Aegean Rose               | Greek                | 7729019          | Aegean Rose Maritime Company    |
| 3      | Aegean XI                 | Liberia              | 8411255          | Mare Vision S.A.                |
| 4      | Aegean Princess           | Gibraltar            | 8821759          | Sea Breezer Marine S.A.         |
| 5      | Aegean Breeze I           | Greek                | 9314466          | Aegean Breeze Maritime Company  |
| 6      | Aegean Tiffany            | Greek                | 9314478          | Aegean Tiffany Maritime Company |
| 7      | Aegean X                  | Liberia              | 8209664          | Aegean X Maritime Inc.          |
| 8      | Leader                    | Panama               | 8400000          | Pontos Navigation Inc.          |
| 9      | Aegean Flower             | United Arab Emirates | 8978394          | Aegean Marine Petroleum LLC     |
| 10     | Aeolos                    | Liberia              | 8820951          | Victory Sea Shipping S.A.       |

----

| 1. | Corporate authorisation |
|----|-------------------------|

|   | (a) | Constitutional documents |
|--------|-----|--------------------------|

|   | (b) | Resolutions |
|--------|-----|-------------|

|   | (i) | being true and correct; |
|--------|-----|-------------------------|

|   | (ii) | being duly passed at meetings of the directors of such Relevant Party and of the shareholders/stockholders of such Relevant Party, each duly convened and held; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | not having been amended, modified or revoked; and |
|--------|-------|---------------------------------------------------|

|   | (iv) | being in full force and effect, |
|--------|------|---------------------------------|

|   | (c) | Certificate of incumbency |
|--------|-----|---------------------------|

| 2. | Consents |
|----|----------|

----

| 3. | Legal opinions |
|----|----------------|

| 4. | Process agent |
|----|---------------|

----

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf of each ofAEGEAN MARINE PETROLEUM S.A.as Borrowerin the presence of:                                                                                                                              | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                               | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

| SIGNED by F. Bratimosfor and on behalf ofTHE ROYAL BANK OF SCOTLAND PLCas Bank | )))) |    /s/ F. Bratimos                                           Attorneys-in-fact |
|--------------------------------------------------------------------------------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| SIGNED by A. Kekatoufor and on behalf ofHSH NORDBANK AGas Bank | )))) |    /s/ A. Kekatou                                           Attorney-in-fact |
|----------------------------------------------------------------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| SIGNED by F. Bratimosfor and on behalf ofTHE ROYAL BANK OF SCOTLAND PLCas Agent | )))) |    /s/ F. Bratimos                                           Attorneys-in-fact |
|---------------------------------------------------------------------------------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| SIGNED by F. Bratimosfor and on behalf ofTHE ROYAL BANK OF SCOTLAND PLCas Security Agent | )))) |    /s/ F. Bratimos                                                                               Attorneys-in-fact |
|------------------------------------------------------------------------------------------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| SIGNED by F. Bratimosfor and on behalf ofTHE ROYAL BANK OF SCOTLAND PLCas Account Bank | )))) |    /s/ F. Bratimos                                                                             Attorneys-in-fact |
|----------------------------------------------------------------------------------------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| SIGNED by F. Bratimosfor and on behalf ofTHE ROYAL BANK OF SCOTLAND PLCas Issuing Bank | )))) |    /s/ F. Bratimos                                                                           Attornesy-in-fact |
|----------------------------------------------------------------------------------------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| SIGNED by A. Kekatoufor and on behalf ofHSH NORDBANK AGas Arranger | )))) |    /s/ A. Kekatou                                           Attorney-in-fact |
|--------------------------------------------------------------------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| EXECUTED as a DEED by A. Manitsasfor and on behalf ofAEGEAN DAISY MARITIME COMPANYas Ownerin the presence of:                                                                                                                               | )))))                                 |    /s/ A. Manitsas                                                                             Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Name:Address:Occupation:                                                                                                                                                                                                                         | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |

| EXECUTED as a DEED by A. Manitsasfor and on behalf ofAEGEAN ROSE MARITIME COMPANYas Ownerin the presence of:                                                                                                                                | )))))                                 |    /s/ A. Manitsas                                          Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                                                     |
| Name:Address:Occupation:                                                                                                                                                                                                                         | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                                                     |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofMARE VISION S.A.as Ownerin the presence of:                                                                                                                                          | )))))                                 |    /s/ Y. Koumbiadou                                                            Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                         | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                                                                                                                                                                        |   |

----

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf of each ofSEA BREEZERMARINE S.A.as Ownerin the presence of:                                                                                                          | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                 Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                       | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

| EXECUTED as a DEED by K. Kyriakoufor and on behalf ofAEGEAN BREEZEMARITIME COMPANYas Ownerin the presence of:                                                                                                                   | )))))                                 |    /s/ K. Kyriakou                                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                  Witness |                                  |                                                                                                                                                                                                                                                                                                                                                                      |
| Name:Address:Occupation:                                                                                                                                                                                                             | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                                                                                                                      |   |

| EXECUTED as a DEED by K. Kyriakoufor and on behalf ofAEGEAN TIFFANYMARITIME COMPANYas Ownerin the presence of:                                                                                                                  | )))))                                 |    /s/ K. Kyriakou                                           Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                  Witness |                                  |                                                                                                                                                                                                                                                                                                                |
| Name:Address:Occupation:                                                                                                                                                                                                             | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                                                                |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofAEGEAN X MARITIME INC.as Ownerin the presence of:                                                                                                                        | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Anthi Kekatou                                  Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                             | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

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| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofPONTOS NAVIGATION INC.as Ownerin the presence of:                                                                                                                                   | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  /s/ Anthi Kekatou                                  Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                   | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofAEGEAN MARINE PETROLEUM LLCas Ownerin the presence of:                                                                                                                                                      | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofVICTORY SEA SHIPPING S.A.as Ownerin the presence of:                                                                                                                                            | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                               | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofAEGEAN BUNKERING SERVICES INC.in the presence of:as Manager                                                                                                                                                 | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

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| EXECUTED as a DEED by K. Kyriakoufor and on behalf ofAEGEAN MANAGEMENT SERVICES M.C.in the presence of:as New Manager                                                                                                                                              | )))))                                 |    /s/ K. Kyriakou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                           |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                           |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofAEGEAN MARINE PETROLEUM NETWORK INC.in the presence of:as Corporate Guarantor                                                                                                                               | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf ofAEGEAN PETROLEUM INTERNATIONAL INC.in the presence of:as APII                                                                                                                                               | )))))                                 |    /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                        |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                        |   |

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